Tag: banks

Mike Pence Comes Out Against Marijuana Banking Bill That Would Actually Save Taxpayers Money

Vice President Mike Pence took to Lou Dobbs Tonight on Fox News earlier this week to gripe that Democrats were attempting to include legislation related to marijuana and banking in the latest coronavirus relief bill.

“I heard the other day the bill mentions marijuana more than it mentions jobs,” Pence said to Dobbs. “The American people don’t want some pork-barrel bill coming out of the Congress when we’ve got real needs for working-class families.”

Maybe he’s trying to remind everybody that Joe Biden isn’t the only vice president who’s still resisting marijuana legalization?

There are two ironies here. First, the bill Pence is complaining about makes it possible for cannabis businesses to safely engage in banking in states where cannabis is legal, which helps those “working-class families” who rely on the cannabis industry. Second, the bill he’s referring to will actually save taxpayers money, unlike much of the rest of this relief legislation.

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Report Finds Oil Giants and Mega Banks Funding Massive Police Presence in Top US Cities

The same industries fueling the climate crisis and disproportionately polluting Black and brown communities across the U.S are bankrolling police foundations, groups which can help militarize local police departments.

That’s according to a new investigation from transparency group Public Accountability Initiative and its LittleSis project.

Authored by Gin Armstrong and Derek Seidman and published Monday, the report singles out actions from fossil fuel giants like Shell and Chevron as well as major utility companies and leading financial institutions.

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