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Re: “Oakland to Host Forum on Public Bank Plan

I think a public bank for the city needs to have city development goals like financing adequate housing needs, small businesses, and clean energy needs.

Then it needs key borrowers who are willing and can be trusted to use funds to hire the necessary people to construct the city. Those borrowers can either be representing individual private for profit interests or the public sector. Like someone can borrow money to buy private property for solar panels to make a profit on it or someone representing the public can buy land under the public sector and build panels that generate profit to fund public services of the city.

Posted by JJ174 on 09/22/2017 at 12:06 PM

Re: “Oakland to Host Forum on Public Bank Plan

An Oakland Public Bank has considerable merit, and it extends far beyond servicing the local legal cannabis industry (both medical and soon recreational). Yes there is an effort to create a state-wide public bank, but the success of that effort is far from a forgone conclusion, and in any event, the two are not mutually exclusive.

An immediate win would be the use of the bank as a depository for city fund, where the money can be used to support community needs and return interest to the City Treasury, rather than the current scheme of depositing that money in Wall St. banks that gouge the city while placing our deposits at risk via their use to fund shaky financial instruments. We know how that story ends.

Posted by Chance DG on 09/22/2017 at 11:37 AM

Re: “Oakland to Host Forum on Public Bank Plan

What needs to be done is not a study but a plan.
1) Create or find a construction plan to build the bank and determine the estimated costs of construction including the cost of purchasing financial equipment infrastructure.
2) Next, determine the estimated costs of maintaining the operation of the bank (salaries, utilities, etc.)
3) Next, determine where the bank will be constructed and how much purchasing the land will cost.
4) Next, determine how the bank will stay in business to not only make up for the costs and stay operational but generate a profit for the community. Is there a need for the services? Is their some benefit to switching their deposits to the local public bank rather than to continue what they were doing before at their private bank (Wall st or credit union)? If there is no need for lending services or if its too new and risky it's going to be a hard sell to attract depositors. The public bank needs some clear goal for what it intends to finance and how it intends to improve the community and it needs to market that to potential depositors. Are the profits that are generated going to fund the public services of the city in place of state taxes?
5) Next, determine what the current regulations are that would apply to the operation of the bank.
6) Next, the bank needs to have a plan for how it intends to avoid a high percentage of non-performing loans on its books because if it does not filter out credit worthy from non-credit worthy borrowers and does not compel performance (require collateral for capitalization) on loans by borrowers it will have a high percentage of defaults.

Will the bank be run like a state bank and have most of its deposits be from tax dollars or will it be based on depositors money? I am not aware that the city levies its own tax to place those dollars in its own bank. I believe tax dollars are levied by the federal and state governments.

Posted by JJ174 on 09/22/2017 at 11:06 AM

Re: “Hidden Monuments to Racism

I wish this story included the fact that organizations that preserve local history and protect architecture- have fully owned this fact- and have shared the information as the controversial information it is, in their tours for the public. Therefore efforts to remedy the past -by recognizing it and educating the tour attendees, have been made (without pressure) and it is completely misrepresentative of the author of this to not see it and acknowledge it.

Posted by kat eiswald on 09/22/2017 at 9:50 AM

Re: “Glossing Over a Genocide

Fremont was one of the first to explore the area. I don't think there were that many settlers at the time.

Posted by Dipstick on 09/22/2017 at 8:34 AM

Re: “The Albany Cross Resurrects Memories of the KKK

Although the Supreme Court has historically been divided on public displays of a cross, establishing a clear separation of church and state can only help our country move towards our democratic ideals of promoting the general welfare, liberty and equal rights for all. I believe a Christian symbol overlooking a diverse community is inappropriate, insensitive and, for some community members, offensive. The Lion's Club International has clear ethics and purposes which prohibit members from public debate of "partisan politics and sectarian religion." Let the Albany Lion's Club live up to their stated ethics and purposes and the City of Albany live up to our democratic ideals. Let us move the cross to a religious setting or private land and warmly welcome everyone to our public land.

Posted by Anne Zolfaghari on 09/22/2017 at 8:11 AM

Re: “A New Model for Paying Musicians a Living Wage?

I'm guessing this is the report Ms. Eby mentioned: http://www.nashville.gov/Mayors-Office/Economic-and-Community-Development/Music-City-Music-Council/Music-Industry.aspx

I'd love to hear more about programs like this. I'm currently dissertating on this issue, but with a focus on Memphis. If anyone has other articles, resources, and info, feel free to email me at lkw2eq@virginia.edu. Thanks!

Posted by Lydia Warren on 09/22/2017 at 7:26 AM

Re: “Glossing Over a Genocide

They weren't settlers! They were invaders! Colonizers!!! Build a wall!!!

Good deity! I have NO idea what the editors and "writers" for EBX are ingesting, but it sure results in whacked out stuff.

Posted by Bruce Ferrell on 09/22/2017 at 7:07 AM

Re: “Glossing Over a Genocide

What a weird piece. No mention that the Wintu were attacking settlers. Okay. But to ignore Fremont's legacy in the Republican party, or his move to end slavery in the West? Unconscionably biased.

Posted by Jennifer Emick on 09/22/2017 at 12:23 AM

Re: “A New Model for Paying Musicians a Living Wage?

Thank you Stephanie and Barbara.
Stephanie if you read this and can get us a copy of your economic impact study we would be interested to read it.
Thanks
Mario Guarneri

Posted by Mario Guarneri on 09/21/2017 at 10:02 PM

Re: “Hidden Monuments to Racism

Racism or prudence?

Posted by SamanthaCantrel on 09/21/2017 at 9:13 PM

Re: “Hidden Monuments to Racism

Check out the history of International House in Berkeley.. A early beginning of change:http://ihouse.berkeley.edu/about/history.php

Posted by Monroe Pastermack on 09/21/2017 at 8:30 PM

Re: “One of Oakland's Most Historic Figures Was Also Horribly Racist

I could add many facts to support my belief that Jack London was not a racist, but his daughter Joan offers one story worth sharing. In her book, "Jack London and his Daughters", she recalled happily playing with a black girl named Annie in West Oakland. One day, white boys called her names for playing with a black girl and for being at Jennie Prentiss's home. She yelled that Jennie was not black as she ran into Jennie's kitchen. She recalled that she did not see Jennie as black, and different from her, until that moment. Jennie comforted her and gave her some cookies. She ended the story by telling that she went back to her friend "-Annie, who was also black, beloved Annie who was my friend." I grew up in Kern Co among a lot of racists, and I know that racists teach young children their hatred. Joan (1901 - 1971) graduated from Cal and worked as a researcher and director of publications for the CA State Federation of Labor. She coauthored "So Shall Ye Reap: The Story of Cesar Chavez and the Farm Workers' Movement. She credited her father for encouraging her lifelong commitment to worker rights.

Posted by Lisa Hire on 09/21/2017 at 5:56 PM

Re: “With Liberty and Justice for Some

Thank you for this info.

Posted by Darrell Robert Parker on 09/21/2017 at 5:42 PM
Posted by John Johnson on 09/21/2017 at 5:34 PM

Re: “One of Oakland's Most Historic Figures Was Also Horribly Racist

This article is way off. The following is from another article.

An amateur boxer and avid boxing fan, London reported on the 1910 Johnson-Jeffries fight, in which the black boxer Jack Johnson vanquished Jim Jeffries, known as the "Great White Hope". In 1908, London had reported on an earlier fight of Johnson's, contrasting the black boxer's coolness and intellectual style, with the apelike appearance and fighting style of his Canadian opponent, Tommy Burns:

'what . . . [won] on Saturday was bigness, coolness, quickness, cleverness, and vast physical superiority... Because a white man wishes a white man to win, this should not prevent him from giving absolute credit to the best man, even when that best man was black. All hail to Johnson.' London wrote that Johnson was 'superb. He was impregnable . . . as inaccessible as Mont Blanc.'

Those who defend London against charges of racism cite the letter he wrote to the Japanese-American Commercial Weekly in 1913:

In reply to yours of August 16, 1913. First of all, I should say by stopping the stupid newspaper from always fomenting race prejudice. This of course, being impossible, I would say, next, by educating the people of Japan so that they will be too intelligently tolerant to respond to any call to race prejudice. And, finally, by realizing, in industry and government, of socialismwhich last word is merely a word that stands for the actual application of in the affairs of men of the theory of the Brotherhood of Man.

"In the meantime the nations and races are only unruly boys who have not yet grown to the stature of men. So we must expect them to do unruly and boisterous things at times. And, just as boys grow up, so the races of mankind will grow up and laugh when they look back upon their childish quarrels."

Posted by Darrell Robert Parker on 09/21/2017 at 5:28 PM

Re: “The East Bay Still Has Some Very Visible Reminders of Our History of Racism

The economic cost of living in Albany has contributed to lack of diversity at least when it comes to African Americans, however the number of Asian and East Asian residents might well be increasing due to tech sector jobs. The incident at Albany High does not reflect the feeling of Albany citizens and is abhorrent to everyone I have spoken with, especially the gaul to sue the school district by the offending student and his parents. As far as the cross is concerned the Albany Lions should be ashamed of their lawsuit and the cross should come down easement or no easement. Let the citizens put it to a vote.

Posted by Janna Katz on 09/21/2017 at 4:45 PM

Re: “Hidden Monuments to Racism

Read The Color of Law by Richard Rothstein for a deep dive on this issue - an amazing book:

https://www.amazon.com/Color-Law-Forgotten…

Posted by Zach Franklin on 09/21/2017 at 2:54 PM

Re: “Hidden Monuments to Racism

A renewed push should be made to rename LeConte school.
When my ex and I bought a house together in Kensington, aka "Berkeley Woods" a few years ago, upon review of the original development docs., came upon a clause specifically stating "only those of the Caucasian race" were allowed to purchase homes.
Rather shocking and disgusting

Posted by Diana BB on 09/21/2017 at 12:38 PM

Re: “'Lightning Rod' Developer Removed from Conference Panel Following Concerns from Oakland Mayor and Tenant Activists

Developer tool Libby Schaaf is the perfect keynote speaker for a conference on developer greed.

Posted by Hobart Johnson on 09/21/2017 at 12:10 PM

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