Europe's largest oil producer is effectively admitting the oil game is over and promises to divest from the industry – but it wants to play to the final whistle. Can it have it both ways?
Los Angeles public bank
Angelenos are no longer interested in business-as-usual politics. They want to see progressive reforms in the people’s best interest — and creating a public bank is the clearest example of that.
After Santa Fe ceded ground as the first metropolis ready to lead us into an era of public banking, the City of Los Angeles has jumped to the forefront of the banking revolution.
A Bank of the City of Los Angeles would not compete with commercial banks but would partner with them, using its tax revenue deposits to create interest-free credit for lending programs that go toward funding city projects.