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OpEd News Member for 635 week(s) and 1 day(s)
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Sunday, March 26, 2023
Banking Crisis 3.0: Time to Change the Rules of the Game The deposit base of the financial system has not actually been nationalized, but Congress is considering modifications to the FDIC insurance limit. Meanwhile, one state that does not face those problems is North Dakota, where its state-owned bank acts as a "mini-Fed" for the state. But first, a closer look at the issues.
Sunday, March 26, 2023Banking Crisis 3.0: Time to Change the Rules of the Game The deposit base of the financial system has not actually been nationalized, but Congress is considering modifications to the FDIC insurance limit. Meanwhile, one state that does not face those problems is North Dakota, where its state-owned bank acts as a "mini-Fed" for the state. But first, a closer look at the issues.
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Tuesday, June 23, 2020
Meet BlackRock, the New Great Vampire Squid BlackRock should be regulated as a too-big-to-fail Systemically Important Financial Institution. Better yet would be to regulate it as a public utility. No private, unelected entity should have the power over the economy that BlackRock has, without a legally enforceable fiduciary duty to wield it in the public interest.
Tuesday, June 23, 2020Meet BlackRock, the New Great Vampire Squid BlackRock should be regulated as a too-big-to-fail Systemically Important Financial Institution. Better yet would be to regulate it as a public utility. No private, unelected entity should have the power over the economy that BlackRock has, without a legally enforceable fiduciary duty to wield it in the public interest.
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Sunday, June 16, 2019
The American Dream Is Alive and Well -- in China Home ownership has been called "the quintessential American dream." Yet today less than 65% of American homes are owner occupied, and more than 50% of the equity in those homes is owned by the banks. Compare China, where, despite facing one of the most expensive real estate markets in the world, a whopping 90% of families can afford to own their homes.
Sunday, June 16, 2019The American Dream Is Alive and Well -- in China Home ownership has been called "the quintessential American dream." Yet today less than 65% of American homes are owner occupied, and more than 50% of the equity in those homes is owned by the banks. Compare China, where, despite facing one of the most expensive real estate markets in the world, a whopping 90% of families can afford to own their homes.
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Friday, December 28, 2018
Universal Basic Income Is Easier Than It Looks Calls for a Universal Basic Income (UBI) have been increasing, most recently as part of the "Green New Deal" introduced by Rep. Alexandria Ocasio-Cortez, D-N.Y., and supported in the last month by at least 40 members of Congress. A UBI is a monthly payment to all adults with no strings attached, similar to Social Security.
Friday, December 28, 2018Universal Basic Income Is Easier Than It Looks Calls for a Universal Basic Income (UBI) have been increasing, most recently as part of the "Green New Deal" introduced by Rep. Alexandria Ocasio-Cortez, D-N.Y., and supported in the last month by at least 40 members of Congress. A UBI is a monthly payment to all adults with no strings attached, similar to Social Security.
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Monday, December 17, 2018
This Radical Plan to Fund the "Green New Deal" Just Might Work The "Green New Deal" promoted by Rep.-elect Alexandria Ocasio-Cortez, D-N.Y., appears to be forging a political pathway for solving all of the ills of society and the planet in one fell swoop.
Monday, December 17, 2018This Radical Plan to Fund the "Green New Deal" Just Might Work The "Green New Deal" promoted by Rep.-elect Alexandria Ocasio-Cortez, D-N.Y., appears to be forging a political pathway for solving all of the ills of society and the planet in one fell swoop.
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Wednesday, July 4, 2018
California Dreaming: Cannabis Cash, Public Banks -- and the State's Own Mini-Fed? Cities and states are seeking ways to better leverage taxpayer dollars and reinvest them in the needs of local communities. Public banking serves that purpose, providing local determination and the opportunity for socially and environmentally responsible lending and investments. The City Council of Los Angeles is now taking it to the voters, and where California goes, the nation may well follow.
Wednesday, July 4, 2018California Dreaming: Cannabis Cash, Public Banks -- and the State's Own Mini-Fed? Cities and states are seeking ways to better leverage taxpayer dollars and reinvest them in the needs of local communities. Public banking serves that purpose, providing local determination and the opportunity for socially and environmentally responsible lending and investments. The City Council of Los Angeles is now taking it to the voters, and where California goes, the nation may well follow.
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Monday, April 23, 2018
Fox in the Hen House: Why Interest Rates Are Rising If the Fed follows through with its plans, projections are that by 2027, US taxpayers will owe $1 trillion annually just in interest on the federal debt. That is enough to fund President Trump's original trillion dollar infrastructure plan every year. And it is a direct transfer of wealth from the middle class to the wealthy investors holding most of the bonds.
Monday, April 23, 2018Fox in the Hen House: Why Interest Rates Are Rising If the Fed follows through with its plans, projections are that by 2027, US taxpayers will owe $1 trillion annually just in interest on the federal debt. That is enough to fund President Trump's original trillion dollar infrastructure plan every year. And it is a direct transfer of wealth from the middle class to the wealthy investors holding most of the bonds.
