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public banking
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Daily News: Six ‘Worst Banks of 2019’ get awards in shaming ceremony at City Hall
New York Daily News — New Yorkers can bank on these companies to do the wrong thing, advocates say. The six “Worst Banks of 2019” got awards for bad behavior during an inaugural shaming ceremony held Tuesday by a coalition pushing for the creation of a New York City public bank.
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El Diario: Seis “Bancos Malos” Para Abogar Por uno Municipal
El diario — El martes se celebró una ceremonia para premiar a los “peores bancos” de Nueva York. No fue una fiesta sino el escenario en el que una docena de grupos comunitarios volvieron a insistir en la necesidad de que se cree un banco municipal en el que se deposite el dinero de la…
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Public Bank NYC Awarded $276,000 From Rosin Fund
Public Bank NYC announced today that it has received a three-year, $276,000 grant from the Scherman Foundation’s Katharine S. and Axel G. Rosin Fund. The award supports the coalition’s campaign for a municipal public bank in New York City, and represents the first major grant that Public Bank NYC has received for its members since…
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A Public Bank Grows in Brooklyn…and The Bronx…and Queens…And…
A look inside recent community meetings on public banking in the Bronx, Queens, and Brooklyn.
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Earth to NYC: “You Need a Public Bank”
Although public banking is an unfamiliar concept to many here in the United States – there’s only one notable example, the Bank of North Dakota – public banks are common throughout the world.
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Fast Company: The One Strategy that Could Finance the Whole Green New Deal
Fast Company — For the latter half of 2016, the Standing Rock Sioux and activist allies from all over the country camped out in North Dakota to protest the construction of the Dakota Access Pipeline, which was likely to harm their native lands through an invasive engineering process and inevitable oil spills.
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New Yorkers Urge NYC to Follow Through on Pledge to Divest From Wells Fargo, Call For A Public Option To Manage City Funds
Today, members of the Public Bank NYC coalition rallied at a meeting of the NYC Banking Commission to call on the City of New York to divest from banks that harm New Yorkers and NYC neighborhoods, and to invest in communities through a public bank.
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WBAI Living for the City: Land Trusts & Public Bank with Andy Morrison and Jamie Tyberg
WBAI Living for the City — Our Andy Morrison and New York Communities for Change’s Jamie Tyberg speak with host Michael G. Haskins about the Public Bank NYC campaign.
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In These Times: Public Banking Can Fund the Zero-Carbon Economy
In These Times — Wall Street bankers in expensive suits stopped and snickered on their lunch breaks June 5, 2018, as an eclectic group of New Yorkers with megaphones and banners called them out for investing in socially destructive industries—including private prisons, predatory lending, weapons manufacturing and, of course, fossil fuels.
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Statement by New York Groups re: Postal Banking
Our organizations support the concept of “postal banking,” as a potentially transformative form of public banking. As banks continue to redline New York neighborhoods — perpetuating poverty, inequality, and segregation — bold solutions like postal banking are clearly needed. Some recently-introduced proposals, however, would exacerbate our two-tiered financial system and promote debt as a solution…