Ten years after Wall Street banks sparked a financial crisis that nearly wiped out the U.S. economy, the idea of nationalizing banks briefly came into vogue. Now, one city is on the verge of making a public bank a reality. Los Angeles on Tuesday will vote on whether to amend the city charter to allow it to own a financial institution. The ballot initiative, called Proposition B, marks the first time the issue of a public bank will come up for a popular vote. But the concept has been gaining some ground. Washington state passed a bill this summer to create a public bank. New Jersey Democratic Governor Phil Murphy made the issue part of his campaign. San Francisco and Oakland are doing feasibility studies. And the Territorial Bank of American Samoa, which is backed by the government, began functioning this past April when it was approved to access the U.S. payments system. "The purpose of all this is to bring democracy to finance, in a way that respects the public trust. No … [Read more...] about Will Los Angeles create a city-owned bank? Voters to decide
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By Richard Webner Published 1:15 pm CDT, Thursday, October 11, 2018 Jon Wayne Service Company has a “wheel of success” posted all over its offices to communicate the company’s values to its employees. Jon Wayne Service Company has a “wheel of success” posted all over its offices to communicate the company’s values to its employees. Photo: John Davenport /San Antonio Express-News Photo: John Davenport /San Antonio Express-News Image 1 of / 1 Caption Close Image 1 of 1 Jon Wayne Service Company has a “wheel of success” posted all over its offices to communicate the company’s values to its employees. Jon Wayne Service Company has a “wheel of success” posted all over its offices to communicate the company’s values to its employees. … [Read more...] about Top Workplaces 2018 special awards winners stand out for positive attitude, customer service
RBS has suggested it could move billions of pounds out of Britain due to fears over a hard Brexit – despite the bank still being mainly taxpayer-owned. Chief executive Ross McEwan sparked anger after claiming the Edinburgh-based firm would move more staff to its Amsterdam office. MPs condemned the comments as “disgraceful”, given the bank was bailed out with £45billion of public cash during the financial crisis a decade ago, which still accounts for 62 per cent of it. Tory Andrew Bridgen told the Daily Mail: “We ought to be taking tens of billions of pounds out of RBS, shouldn't we? “The British government and the British people should expect more loyalty from a bank which was bailed out at great expense by the taxpayer due to neglect by their then chief executive. “Effectively they're owned by the Treasury – the architects of Project Fear – so perhaps we shouldn't be surprised they're coming out with such doom and gloom … [Read more...] about RBS suggests it could move billions out of Britain over hard Brexit fears – despite bank being taxpayer-owned
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Ebola, or the messy cocktail of public health and globalisation in post-colonial Africa ©EC/ECHO/Jean-Louis Mosser Author : Jose Martin-MorenoJose Martin-Moreno is Professor of Public Health at the University of Valencia and Senior Associate at the Department of Epidemiology of Johns Hopkins Bloomberg School of Public Health Ebola virus disease (EVD) is ravaging west Africa, with more reported cases in the last six months than in the previous 37 years. As infected aid workers and travellers from developed countries trickle home for better health care and experimental treatments—unavailable to the thousands of Africans infected with EVD—the spectre of a global Ebola pandemic has appeared, and with it the accompanying sensationalist and fear-mongering media reports, moral and ethical hand-wringing, and finger-wagging at Big Pharma. Even the shrill voice of international alarm, though, has not yet managed to drown out the increasingly desperate calls … [Read more...] about Ebola, or the messy cocktail of public health and globalisation in post-colonial Africa