After Long Career Bailing Out Big Banks, Obama Treasury Secretary Tim Geithner Now Runs Predatory Firm That Exploits the Poor for Profit: “Your economy, rigged to redistribute wealth to the top.”

Monday, July 02, 2018 by Common Dreams by Jake Johnson, staff writer Former U.S. Treasury Secretary Timothy Geithner discusses his book Stress Test: Reflections on Financial Crises during the Politico Playbook Lunch at The Hamilton May 19, 2014 in Washington, D.C. (Photo: Chip Somodevilla/Getty Images) After a lengthy government career defined by his central role in bailing out predatory Wall Street banks as former President Barack Obama’s Treasury …

What’s a public bank? States or municipalities use reserves for a public mission and the needs of the public it represents, such as local investments and local businesses

https://youtu.be/xiYaEIwbwbg VIDEO: An Introduction to Public Banking, by In Context Report (7:23) A Public Bank is a chartered depository bank in which public funds are deposited. It is owned by a government unit — a state, county, city, or tribe — and mandated to serve a public mission that reflects the values and needs of the public that it represents. In existing and proposed US …

Seattle wins $275 per person tax on companies making over $200 million, to address homelessness

Friday, May 25, 2018, by Sonali Kolhatkar on Truthdig, Amazon Battles Seattle—and Loses: In the game of chicken between democracy and corporatism, Seattle demonstrated that people power can prevail . A “Pay Your Fair Share” projection created by the Neighborhood Action Coalition & Transit Riders Union to support the Seattle head tax appears in this May 10 photo. (Photo: Flickr / Jennifer Durham, Backbone Campaign, CC …

Supercapacitor-based energy storage for microgrids avoids over-sizing. Micro-grid engineering becoming a macro profession.

Supercapacitor-based energy storage, on the other hand, is much simpler. This technology stores energy on the surface of the electrolyte, which means there is no chemical reaction. “Electrical energy comes in and is stored as electrical energy. It releases electrical energy back into electricity when discharged,” Ghani explained.   Still supercapacitor-based energy storage hasn’t been used before because it has its …

Integrated planning and partnerships help deliver Smart Cities projects and savings

Integrated planning also can help uncover opportunities such as smart LED street lighting, which can simultaneously reduce energy and maintenance costs, increase public safety and security, and promote healthy lifestyles (well-lit bike paths) while providing a connected platform for networked sensors, broadband communications and other community services. El Paso, Texas, is a good example of a city that took advantage …

Hong Kong investing in a healthy, green-living future

On 26 January, Civic Exchange made a budget submission to the Financial Secretary, the Hon. Paul Chan Mo-po, as part of the Public Consultation for the 2018-19 Budget. For our full submission on “Investing in a Healthy, Green-living Future for Hong Kong,” click here. The submission presents how Government can best allocate its budget surplus, to meet its stated aims …

Some progress toward phase out of support for fossil fuel projects at the World Bank, though the IFC continues

Signaling more independence from the US, the World Bank phases out its support for fossil fuels By Jason Kirk on 19 January 2018 RenewEconomy and The Conversation World Bank President Jim Yong Kim, left, and French President Emmanuel Macron. AP Photo/Francois Mori The World Bank, which provides developing countries about US$60 billion a year in financial assistance, is officially phasing out its support for the oil and gas industries. …

In NYC the subway as made real estate developers rich but nearly every expansion of transit since 1940 has been paid for by the riders and the general public

By JIM DWYER DEC. 14, 2017 NYTimes.com The Subways Made Them Rich. Is It Time for Them to Pay Up?  The Second Avenue subway line led to soaring property values along its first set of stops. When the next phase is completed, some transit officials say, the subway should benefit from the new wealth.CreditAlex Wroblewski for The New York Times By now, it …