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<\/div>\n#YesOnB in LA Times. Photo courtesy LA Times<\/em><\/p>\n<\/div>\n <\/p>\n Public Bank LA and their allies have been actively engaged in securing endorsements from an impressive number of union and political groups throughout the city. Latest endorsements include State Senator\u00a0Kevin de\u00a0Le\u00f3n; Rusty Hicks, President of the LA County Federation of Labor; Gayle McLaughlin, Former Mayor of Richmond; Carolyn Fowler, Vice Chair California\u00a0Democratic\u00a0Party Women’s Caucus; the Labor Council for Latin American Advancement; Our Revolution West San Fernando Valley; Stonewall Democratic Club; UC Student-Workers Union UAW Local 2865; and the Progressive Democratic Club. These follow earlier endorsements by Our Revolution, DSA-LA, Green Party of Los Angeles County, Los Angeles County Democratic Party, and the California Democratic Party.<\/p>\n The effort has drawn more major press from\u00a0Bloomberg<\/em><\/a>\u00a0and the\u00a0Los Angeles Times<\/em><\/a>.\u00a0To help with this endorsement and outreach effort<\/strong>\u00a0with your contacts or ideas,\u00a0connect with PBLA here<\/a>. The\u00a0#YesOnB Street Team<\/strong>\u00a0is hitting the LA neighborhoods this Saturday, Oct 20. See\u00a0Facebook event list here<\/a>. Plus there’s a big\u00a0Defundraiser Rally<\/strong>event Saturday, Oct 20 at LA City Hall with\u00a0Eric Andre,\u00a0Nick Thorburn, Abby Martin, and more.\u00a0Facebook event here<\/a>.\u00a0Donation link here<\/a>.<\/p>\n Romy Varghese writes in\u00a0Bloomberg<\/em>:<\/p>\n \u201cThe city has about $11 billion deposited with or managed by the country\u2019s biggest banks, which use the capital for their own needs and ultimately their own profit. This arrangement has Los Angeles and some of its more adventurous brethren considering an alternative. Why not create a public bank that would support investment within city limits, backing such things as small-business loans and affordable housing instead of sending the money out?\u201d<\/p><\/blockquote>\n Emily Alpert Reyes and James Rufus Koren report in the\u00a0LA Times<\/em>:<\/p>\n \u201cIf the ballot measure passes, advocates say it would bring fresh momentum to the public banking movement, as Los Angeles could be the first jurisdiction in the U.S. where voters have signed off on the idea.\u201d<\/p><\/blockquote>\n Amanda Albright, muni bond reporter for\u00a0Bloomberg<\/em>, discusses LA\u2019s public bank initiative in a\u00a0radio interview<\/a>\u00a0hosted by Pimm Fox and Lisa Abramowicz.<\/p>\n Senator\u00a0Kevin de Le\u00f3n and Council President\u00a0Wesson have both\u00a0agreed to do a press conference for YesOnB. More details to follow.<\/p>\n","protected":false},"excerpt":{"rendered":" posted by\u00a0PUBLIC BANKING INST\u00a0|\u00a08gb October 18, 2018 #YesOnB in LA Times. Photo courtesy LA Times Public Bank LA and their allies have been actively engaged in securing endorsements from an impressive number of union and political groups throughout the city. Latest endorsements include State Senator\u00a0Kevin de\u00a0Le\u00f3n; Rusty Hicks, President… Continue reading