Los Angeles Councilman Richard Alarcon is pushing a "banking responsibility ordinance" that would require banks doing business with the city to invest in the community.
Alarcon: ... We have a responsibility to take care of our constituents. And that includes not just looking at a specific transaction, but looking at the reinvestment into our community. Are we going to do business with a bank that doesn't invest in our small business community? Are we going to do business with a bank that ripped off thousands -- and tens of thousands, if you will -- of people in the foreclosure crisis? Are we going to work with a bank that doesn't contribute to local charities? No.
Interviewer: Now I understand that you're getting some support from this Occupy Wall Street, or Occupy L.A., movement to push this idea forward?
Alarcon: They brought it to a head. The measure had been dwindling through the city system for over two years, and it re-surged when we incorporated it into a resolution to support the Occupy L.A. movement -- which by the way, received a unanimous vote at 12-0.
Polistra was named after the original townsite of Manhattan (the one in Kansas). When I was growing up in Manhattan, I spent a lot of time exploring by foot, bike, and car. I discovered the ruins of an old mill along Wildcat Creek, and decided (inaccurately) that it was the remains of the original site of Polistra. Accurate or not, I've always liked the name, with its echoes of Poland (an under-appreciated friend of freedom) and stars. ==== The title icon is explained here. ==== Switchover: This 2007 entry marks a sharp change in worldview from neocon to pure populist. ===== The long illustrated story of Polistra's Dream is a time-travel fable, attempting to answer the dangerous revision of New Deal history propagated by Amity Shlaes. The Dream has 8 episodes, linked in a chain from the first. This entry explains the Shlaes connection.