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As the Tribune newspapers face a possible sale to a hedge fund, some journalists yearn for the biotech billionaire to play another savior role.
Reimagining Our Los Angeles Times Details LA WATCHDOG--The Los Angeles Times, our paper of record, needs our help. But how does The Times (and its owners) propose to earn our loyalty and trust so that we are willing to fork over our hard earned cash to subscribe to the paper and/or its web site? The Times has been slammed by the internet. Its highly profitable classified ad section for cars, jobs, real estate, and general merchandise has been decimated by online verticals such as AutoTrader.com and Craigslist. Print advertisers have also migrated to the ...
intake in a fee off the top. if the city were to create its own bank or join forces with others, it would have access to that sorts of funds, and there would not be the fee in place in the same way that the banks' ter charged that now. on the disadvantaged side, this gets back to the state law question. so person in this option, whether it is this city alone or in conjunction with other jurisdictions, it would require a change in the state law prohibiting making loans from a public entity. also by joining forces with other organizations. policies and goals may be different for other ...
reason for it as well. what advocates of the bank of north dakota and public banking have pointed out is that the state of north dakota has a low unemployment rate, 3.2%, and they achieved budget surpluses during the last couple of years. the recession starting 2008. and then have been able to extend credits after 2008 when we saw the credit freeze on the part of private banks, affecting public agencies and many small businesses and other enterprises. finally, and last point, related initiatives. this gets to be rfp question. there was some discussion about it, including a requiremen...
it takes cash and resources at the outset to get the enterprise going. there is a 10% capital reserve requirement that would apply, a federal reserve requirement that would apply to the city bank. that means some funds cannot be used for city operations or loans, as is true of all banks that currently do this, private banks and credit unions, etc. you mentioned the partnership bank model. i want to touch on that. the advantage and disadvantages and what would need to be done apply in either case. the partnership bank, which is the model used by the bank of north dakota, is not too in...