Public Banking & the Nonpartisan League: Is It Time for a Financial Revolution?

  During this political season, we have heard a lot about too-big-to-fail banks, corporate greed, politicians on the take, bad trade deals, inequality and … starting a revolution to save the middle class. Just over 100 years ago, at the dawn of the first American Progressive Era, the same conditions sparked a revolution which spread…

What Wall Street Costs America (and Arizona)

The Public Banking Institute (PBI) has initiated an educational project entitled “What Wall Street Costs America.” PBI and advocates around the country are learning to read Comprehensive Annual Financial Reports (CAFRs). All governmental bodies must issue annual CAFRs– including the State of Arizona (here), the State Retirement System (here), Pima County (here), Tucson (here), and Tucson…

US Conference of Mayors to Consider Wall Street Bank Fees & Public Banking (Updated)

[UPDATE: The US Conference of Mayors did pass the “Mayors Resolution on Strengthening Municipal Finances.” Mayor Rothschild did not attend the conference.] At their upcoming meeting on June 19-22, the US Conference of Mayors will be considering hundreds of resolutions on everything from gun safety to tax incentives to jobs and education. Tucked into that…

Phoenix Housing Market Still Underwater

According to the Phoenix Business Journal, Phoenix and Arizona still have not recovered from the housing crash and the Wall Street meltdown as well as the rest of the country. From the article, Living underwater: Phoenix, Arizona among worst in homeowners with negative equity.. Phoenix and Arizona continue to struggle with negative equity for homeowners,…