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Wednesday, August 27th

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Breaking News: Napa Earthquake; Lodge Lightning Complex Fire

Napa earthquake (Updated at 8:50am Wednesday August 27): According to the USGS, an earthquake and several aftershocks were recorded Sunday morning. The original quake at 3:20am Sunday morning was measured at 6.0 and was centered near American Canyon. Three aftershocks were recorded near Napa: at 5:01am (2.5), at 5:47am (3.6), and 7:22am (2.5); two more near American Canyon at 7:54am (2.8), and 10:38am (2.6).  Additional aftershocks were reported by USGS in the area on Tuesday, including a 3.9 shake at 5:33am. Sunday's quake was the strongest in the Bay Area since the 6.9 Loma Prieta quake (October 17, 1989).

KQED reports the following information:
• Napa’s Queen of the Valley Hospital reports treating 209 people between the time the earthquake struck at 3:20 a.m. and 11 p.m. Sunday. The hospital says a total of 17 people were admitted, most in fair to serious condition. One person remains in critical condition. Vallejo is reporting 49 minor injuries.
• Napa officials say the list of badly damaged buildings in the city has grown dramatically as inspectors continue the long, slow process of assessing structures in the wake of Sunday’s earthquake. The city said at a Tuesday afternoon press conference that it expects to have red-tagged 120 structures by the end of the day. That means they’re unsafe to enter pending further assessment or repairs. Another 500 have been yellow-tagged, meaning that while premises may be entered, they’re unfit for occupancy. 
• The Napa Fire Department reported Monday it responded to 50 fires after the quake, including one in a mobile home park that destroyed four units and damaged several others. Fire officials said an initial lack of water due to water-main breaks led to some of the destruction.
Additional detailed information can be found at KQED's website: KQED reports.

The Napa Valley Register reports that "after two days of earthquake cleanup and inspection, public schools in Napa, American Canyon and Yountville will reopen on Wednesday."
Additional detailed information can be found at The Napa Valley Register's website.

Lodge Fire: Crews continue to monitor and work hot spots and lingering fires within the perimeter of the Lodge Fire site. At last report the fire had consumed 12,535 acres and was 96% contained. Some smoke can be detected in the Leggett Laytonville, Ukiah and adjacent areas. 

PUBLIC BANKING INSTITUTE'S MARC ARMSTRONG ON KZYX -- FRIDAY AT 9 AM

Posted by All About the Money
All About the Money
All About the Money airs from 9 am to 10 pm on alternate Fridays and is hosted by John Sakowicz.
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on Tuesday, 19 February 2013 in Uncategorized

PASS THE WORD!


Public Banking Institute's Marc Armstrong will be our guest on "All About Money" on KZYX, Friday, February 22, at 9 AM. We'll discuss the possibility of starting a county-owned bank -- and funding the new economy -- right here in Mendocino County.

Marc Armstrong made a presentation to the Mendocino County Board of Supervisors last year, and he's coming back sometime in 2013.

Public banking already works in the United States. Public banking was first introduced in America by the Quakers in the original colony of Pennsylvania. Other colonial governments also established publicly-owned banks. The concept was later embraced in 1919 by the State of North Dakota to insure a dependable supply of affordable credit for its farmers, ranchers and businesses. North Dakota is the only state to currently own its own bank. But there's good news...20 states, and even some cities and counties, are now considering some form of public banking legislation.

Marc Armstrong has been kind enough to give us three free tickets to hear Matt Taibbi speak at the Public Banking Institute's National Conference in San Rafael, CA, on June 2-4. 

See: http://www.publicbankinginamerica.org/

We'll offer the tickets as premiums for Friday's show, which will also be a mini-pledge drive for KZYX. We'll also have other gift premiums.


Here's More About Public Banks 
 
Public Banks are ...
 
• Viable solutions to the present economic crises in US states.
• Counter-cyclical, meaning they are capable of reducing the negative impact of recessions, because they can make money available for local governments and businesses precisely when private banks decrease lending.
• Potentially available to any-sized government or community 
able to meet the requirements for setting up a bank.
• Owned by the people of a state or community.
• Economically sustainable, because they operate transparently according to applicable banking regulations
• Able to offset pressures for tax increases with returned credit income to the community.
• Ready sources of affordable credit for local governments, eliminating the need for large “rainy day” funds. 
• Required to promote the public interest, as defined in their 
charters.
• Constitutional, as ruled by the U.S. Supreme Court
 
... and are not
 
• Operated by politicians; rather, they are run by professional
bankers.
• Boondoggles for bank executives; rather, their employees are
salaried public servants (paid by the state, with a transparent pay structure) who would likely not earn bonuses, commissions or fees for generating loans.
• Speculative ventures that maximize profits in the short term, 
without regard to the long-term interests of the public.
 

 
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All About the Money airs from 9 am to 10 pm on alternate Fridays and is hosted by John Sakowicz.

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