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Comment Archives: stories: News & Opinion: Last 7 Days

Re: “Will Oakland Become First U.S. City To Ditch Wall Street And Establish A Public Bank?

After reading Ellen Brown's book, I thought that a Bank of Oakland COULD be a good thing for Oakland's finances and thus our social and environmental foundation.

However, we need to keep in mind the history of Oakland's financial dealings and many high expectations profoundly dashed because of management incompetence and a failure of elected officials to think critically.

Thus these statements from the essay are especially relevant:

"Oakland would need to make a strong case that its got a solid business plan, and has the capital to finance it, or a good management team to execute it."

"If the bank takes on unprofitable loans intended to help the community, the riskier loans might be more prone to default and could run the bank into the ground."

"The management team chosen to run the bank will be required to have strong backgrounds in finance but also be dedicated to the mission of public service. With little precedent, these dual qualifications might be hard to find."

Finally, I have some doubts about the projected income from the cannabis industry. Right now with cannabis somewhat decriminalized and the medical pot biz maintaining high prices, selling pot may be a good business. When recreational cultivation use becomes legally less restrictive next year I wonder whether potheads will continue to pay $200 or more an ounce for a plant that is as easy to grow in a garden or a flowerpot as basil, chives or parsley.

Posted by Hobart Johnson on 03/21/2017 at 10:58 AM

Re: “Skate Or DIY: Why Is It So Damn Hard To Build A Skate Park In Oakland?

A few years back, a group of skateboarders started using a long concrete bench as a ledge in an Emeryville park around the corner from my job. At first I was a annoyed to see them scuffing things up in our brand new park, but then I saw that they were out there every day practicing their skills and filming each other in action.

I realized they were doing exactly what we say we want young people to do: get out in the fresh air and exercise, work together cooperatively, learn discipline, patience, and persistence, be independent. These are kids we should support and encourage with more spaces they can call their own.

Posted by Brenda Carter on 03/19/2017 at 11:07 AM

Re: “Oakland Officials Question Police Partnerships with Federal Immigration Agents and FBI

Oakland needs to be clear and oppose Trump's policies on this.

Posted by Janice Albert on 03/18/2017 at 8:37 AM

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