Posts Tagged: Great Recession

News

Public banking movement gaining traction in California

Historical building of Wells Fargo in San Francisco's financial district. Photo: Takako Hatayama-Phillips, via Shutterstock)

San Francisco has taken its first major step toward establishing a public bank, and other California municipalities are also moving forward in exploring public banking, including a regional effort by cities and counties on the Central Coast. The California statute reportedly is adding fuel to a nationwide public banking effort.

Analysis

PolitiFact: Yes on 55 claim misses mark

Photo: Everett Collection, via Shutterstock)

ANALYSIS: Recent radio and TV ads claim California’s K-12 public schools face dire cuts if voters fail to approve Proposition 55, a measure on November’s ballot that would extend an income tax hike on wealthy residents. The ads by the Yes on 55 campaign paint a dark picture. They cite past spending cuts that led to thousands of teacher layoffs, eliminated art and music programs and increased class sizes a few years ago.

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