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Oakland, like several other cities around the country, is currently studying the feasibility of establishing a public bank. This type of banking offers enormous benefits for our local economy. We should move ahead with founding the Public Bank of Oakland as rapidly as possible. The Public Bank of Oakland will serve the people of Oakland by retaining the bank’s profits as public property to be used for our common good. Through public banking, we can help our own communities thrive rather than enrich the shareholders of Chase, where Oakland’s monies are now deposited, and other private banks. Learn all about public banking at a public forum Thursday, Feb. 9, 6pm, Oakland City Hall.
Over a century ago, Pope Leo XIII highlighted economic issues and challenges in Rerum Novarum that continue to haunt us today, such as what he called “the enormous wealth of a few as opposed to the poverty of the many.” That situation is worse today. In the year 2016, the top 1 percent of the people on this planet own more wealth than the bottom 99 percent, while the wealthiest 60 people – 60 people – own more than the bottom half – 3 1/2 billion people.
Since my release in October 1981, my deepest commitment in life has been to fight for the full restoration of civil and human rights of formerly incarcerated people and for those who have the current misfortune of occupying cages. It is through this lens that I attempt to come to grips with the tragic murder of Hugo Pinell and its possible ramifications.
“A new report claims farmers in Africa are being driven off their lands to make way for vast new industrial farming projects backed by hedge funds seeking profits and foreign countries looking for cheap food. "