Birmingham news and blogs Wednesday 15 August 2018
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Los Angeles: a public bank with a mandate to serve the people?

31 Jul 18

Voters in Los Angeles will be the first in the United States to choose whether to set up their city’s own public bank to serve the people instead of private interests.

LA’s charter currently prohibits the creation of industrial or commercial enterprises by the city without voter approval. The City Council voted on June 29th to put a measure on the November ballot that would allow the city to form its own socially and environmentally responsible,…


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