Bill Farmer, an RRI trainer, a member of the Southwest Michigan SDA and Labor for Bernie, will give a talk to students in honor of Martin Luther King on January 20. The 12:30 PM event is part of a program put together by WMU’s Office of Diversity and Inclusion, featuring a number of speakers all … Read more
One of the prime goals of the Reversing Runaway Inequality program has been to advocate for public banking. While the details have to be ironed out, New Jersey is now moving forward with the creation of a public bank. You can read the news here. The San Francisco Chronicle also covered the event. Here is … Read more
California governor Gavin Newsom signed the bill into law on October 2, allowing city and county governments to set up publicly owned banks to accept tax and other revenue and fund infrastructure and other programs with lower costs than those offered by commercial banks. You can read the story in the Guardian here..
View this post on Instagram In 1945, the first transfer of the Bank’s profits to the general fund was made—$1,725! The next time this occurred was in 1949 and 1951, a veterans’ fund received $1.5 million. Learn more in The Bank of North Dakota, From Surviving to Thriving – The First 100 Years hardcover book. … Read more
Each Sunday Tony Wikrent posts a list of links at Real Economics and Ian Welsh. Some are political, many lead to news about runaway inequality. This post borrows a few that seem to fit together very well. The New York Times reported that inequality is getting worse, which for poor people means more sickness and an earlier death. … Read more
The Business Roundtable was formed in 1972 with the goal of undermining New Deal-forged worker rights and corporate regulation by the federal government. The Roundtable worked to weaken antitrust regulations, undermine labor protections and stopped Ralph Nader’s attempt to create a consumer protection agency in 1977. This was a group of hundreds of the country’s … Read more
You can read her ideas and plans here. Key quote: Here’s the problem with the belief that helping Wall Street always helps the economy: it isn’t true. In recent decades, Wall Street has grown bigger and financial sector profits have gone from 10% to 25% of total corporate profits, but everyone else in America has lived through … Read more