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From the Open-Publishing Newswire
Thu Oct 26 2017 (Updated 10/28/17)Oakland Public Bank Promises Benefits for Community and Cannabis Industry
Thu Oct 26 2017 (Updated 10/28/17)Study to Start for Public Bank of Oakland as Alternative to Corporate Financial Services
Oakland will spend $75,000 on a study to examine the feasibility of establishing a public bank in that city. The impact on the cannabis industry would be huge, because most corporate banks do not conduct business with the cannabis trade even where their operations are legal, they pay taxes and employees are hired. Without bank issued credit cards, business transactions must be conducted in cash. Even filing taxes with the IRS is problematic.
Nearly all large corporate banks are involved in unethical practices of one kind or another whether it be prisons, fossil fuel projects, or weapons manufacturing. A public bank would also allow people of conscience to bank without supporting unconscionable investments.
On October 23rd protesters in Palo Alto demanded that banks stop financing human rights abuses, repression of indigenous rights, and desecration of the earth. There was much discussion in the crowd about closing accounts from the Big Banks. A representative from the advocacy group Friends of the Public Bank of Oakland addressed the crowd about this new kind of banking. She said Oakland residents working on the project want to see a public bank flourish that helps the community and provides an example for other jurisdictions wishing to rid themselves of their dependence on Wall Street banks.
A Public Bank of Oakland Could Provide Financial Services to Cannabis Industry | Protesters Demand Banks Stop Financing Desecration of the Earth | FriendsofPublicBankofOakland.org
Korean Peace Walk on Armistice Day Sunday Nov 19th 4:37 PM
Stop Rocketship Charter In WCCSD: Hundreds Oppose Charters And Union Busting Thursday Nov 16th 10:21 PM
Oakland's Communities Demand City Response On West Oakland ICE Raid Monday Nov 13th 7:47 PM
Alamedans In Charge is a right-wing extremist radical group of landlords (1 comment) Saturday Nov 11th 10:01 PM
Apartment associations and realtor associations are the enemies of renters Friday Nov 10th 11:03 PM
Marcellus Toney Killed by Oakland Police Department: We Want Answers! Tuesday Nov 7th 12:54 PM
Homeless Eviction Farewell Party to South Berkeley (1 comment) Thursday Nov 2nd 3:17 PM
Eviction rates in the Bay Area and Northern California for 2017 (3 comments) Wednesday Nov 1st 7:12 PM
Privatization of Laney and CCSF and "The Fight For 52 cent" On 1934 Minneapolis Gen Strike (3 comments) Wednesday Nov 1st 11:47 AM
National Park Service will not grant $98,000 to UC Berkeley for Black Panther project Tuesday Oct 31st 10:52 PMMore Local News...
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KPFA WorkWeek Radio On Puerto Rico Labor Action By US Unionists And Jones Act Friday Oct 27th 11:11 AM
Democracy Now:Who’s Hacking Who? Americans, Not Russians, Disenfranchise Millions of Black Wednesday Oct 11th 8:46 PM
Court decision in Empire State Bldg versus Pacifica & WBAI Saturday Oct 7th 4:08 PM
This Week in Palestine, September 29 2017 Saturday Sep 30th 8:06 PM
Technology, Automation, Internationalism, Longshore Workers And The Future Of Work Tuesday Jul 25th 12:55 PM
Report On Cuban Labor Movement & Cuba's Health and Tourism Union by Victor Manuel Lemagne, Friday Jun 30th 9:19 PM
KPFA Pacifica WorkWeek Looks At NNU Single Pay Campaign And CWA West AT&T Contract Fight Friday Mar 31st 2:37 PM
Korean Labor And The Impeachment & BAAQMD Retaliation And Document Destruction Monday Mar 20th 5:07 PM
HUD Secretary Ben Carson supports $6.2 billion in budget cuts to HUD (1 comment) Friday Mar 17th 3:52 AM
In condemned remarks, HUD Secretary Ben Carson calls slaves “immigrants” Monday Mar 6th 9:07 PMMore Global News...
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Oil Sod Slavemongery...11-14-17 Mouse Report (1 comment) Tuesday Nov 14th 2:52 PM
Call To Support IAM 1584 Henkel-Bay Point Strike & Picket Line 5AM-11PM M-F Wednesday Nov 8th 2:41 PM
Stop The Draft Week - Oakland 1967 - Vintage Photos Tuesday Nov 7th 4:41 PM
Seth Rich died for our sins...11-7-17 Mouse Report (1 comment) Tuesday Nov 7th 1:54 PM
Mueller's Ghouls...10-31-17 Mouse Report (1 comment) Tuesday Oct 31st 12:49 PM
Hip Hop The Activist Bunny Rabbit Stolen Monday Oct 30th 4:27 PM
open letter to the Mayor of Berkeley Friday Oct 27th 6:08 PM
WTC Pentabomb op media Tuesday Oct 24th 1:46 PM
GaliziaGladiod...10-16-17 Mouse Report (1 comment) Tuesday Oct 17th 3:00 PM
Unmasking some local Bay Area corporate newsroom talking heads Friday Oct 13th 7:32 PMOpen Newswire...
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