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Why New York City Needs a Public Bank
We will build a city-owned bank — not to serve shareholders, but to serve you. A bank that invests in housing, in transit, in climate resilience. A bank that puts our money to work for our people. — Zohran Mamdani, Victory Speech, Nov. 4, 2025 New York City has elected a mayor who dares to challenge […]
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Unbecoming American: Risky Business
Risk and fraudulent mutuality Thirty years ago, having just successfully completed a international congress on environmental consciousness and mass media which I had organized on behalf of the Deutsche Hygiene-Museum, Dresden, a legacy of an early German pharmaceutical magnate, the inventor of the mouthwash Odol; I was asked to prepare the framework for a subsequent […]
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Another Look at the Financial Transactions Tax
Photo by Mika Baumeister on Unsplash A small financial transactions tax could correct a number of maladies in our economic system, from the federal debt crisis to the widening wealth divide to the rampant financialization of the economy, while eliminating taxes on income and sales. The debt ceiling crisis has again brought into focus the […]
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