skip to main content
skip to newscasts

Thursday, April 18, 2024

Public News Service Logo
facebook instagram linkedin reddit youtube twitter
view newscast page
play newscast audioPlay

A new study shows health disparities cost Texas billions of dollars; Senate rejects impeachment articles against Mayorkas, ending trial against Cabinet secretary; Iowa cuts historical rural school groups.

view newscast page
play newscast audioPlay

The Senate dismisses the Mayorkas impeachment. Maryland Lawmakers fail to increase voting access. Texas Democrats call for better Black maternal health. And polling confirms strong support for access to reproductive care, including abortion.

view newscast page
play newscast audioPlay

Rural Wyoming needs more vocational teachers to sustain its workforce pipeline, Ohio environmental advocates fear harm from a proposal to open 40-thousand forest acres to fracking and rural communities build bike trail systems to promote nature, boost the economy.

Seminar: Economic Security Possible Through Monetary System Changes

play audio
Play

Thursday, July 16, 2009   

Cleveland, OH – As Ohio grapples with its own economic woes, some residents will gather for a seminar tonight to look a way to change the nation’s monetary system - the American Monetary Act, which is being proposed by Congressman Kucinich.

Greg Coleridge, a director with the Northeast Ohio American Friends Service Committee, says fiscal policy gets a lot of attention, but it’s time citizens learn more about how monetary policy can affect their lives.

"The problem today in our society is that the creation of money, the actual issuance of money is not a public decision, but a private one, for the most part, done by our banks and the Federal Reserve."

A move from the bank-centered, debt-based monetary system to the direct creation of money would be responsive to the needs of consumers, says Coleridge.

"It would spend it into circulation on all sorts of legislative, government things that we need; infrastructure, including education, healthcare, improving our roads, and sewers."

Dramatic reform of monetary policy is needed, he adds, in order to protect the economic well-being of America.

"A transparent, public, accountable system is the best way to keep it responsible and close to meeting the needs and requirements of people and our needs at a community, a nation and a state level."

Currently, the Federal Reserve is partly public, with some private components. Part of the new proposal would make the money issuing system all public. Those against the government issuance of money say it would drive up inflation, but proponents say that won’t happen if the money is used to create goods and services. Congressman Kucinich's senior counsel, Marty Gelfand, will speak at tonight’s event, which begins at 6:30 p.m. at the Peace House in University Circle in Cleveland.




get more stories like this via email

more stories
Environmental advocates are asking California's next state budget to prioritize climate mitigation and cut tax breaks for fossil fuel companies. (The Climate Center)

Environment

play sound

As state budget negotiations continue, groups fighting climate change are asking California lawmakers to cut subsidies for oil and gas companies …


Health and Wellness

play sound

Health disparities in Texas are not only making some people sick, but affecting the state's economy. A new study shows Texas is losing $7 billion a …

Environment

play sound

City and county governments are feeling the pinch of rising operating costs but in Wisconsin, federal incentives are driving a range of local …


Each year since 2018, there have been more than 1 million online ads for guns which could be sold without a background check. (Adobe Stock)

Social Issues

play sound

Well over three-fourths of Americans support universal background checks for gun purchases, but federal law allows unlicensed people to sell guns at …

Environment

play sound

By Max Graham for Grist.Broadcast version by Alex Gonzalez for Arizona News Connection reporting for the Solutions Journalism Network-Public News Serv…

During what is known as the Medicaid post-pandemic "unwinding" process, South Dakota saw the largest drop in children's enrollment in the country, with a 27% reduction in the first six months. (Adobe Stock)

Social Issues

play sound

Last year's Medicaid expansion in South Dakota increased eligibility to another 51,000 adults but a new report showed among people across the state wh…

Health and Wellness

play sound

There is light at the end of the tunnel for Tennesseans struggling with opioid addiction, as a bill has been passed to increase access to treatment …

Environment

play sound

The New York HEAT Act might not make the final budget. The bill reduces the state's reliance on natural gas and cuts ratepayer costs by eliminating …

 

Phone: 303.448.9105 Toll Free: 888.891.9416 Fax: 208.247.1830 Your trusted member- and audience-supported news source since 1996 Copyright © 2021