Wall Street challenger Robert Bye

Photo by Robert Bye.

Headlines from the latest news about public banking and the economy:

Public banking

Bank of Philadelphia? Study says a public bank could help small biz survive COVID | Darryl C. Murphy, WHYY PBS

Postal Banking: An Idea Whose Time Has Returned? | Lawrence H. White, Cato Institute

The Fed Is A ‘Development Bank’ – Make It Our Development Bank Again | Robert Hockett, Forbes

COVID-19 Disparities In Rochester, NY: The Legacy Of Redlining In The City Of Frederick Douglass And Susan B. Anthony | Barbara Van Kerkhove and Ruhi Maker, National Community Investment Coalition

Report ties redlining in Rochester city neighborhoods to susceptibility to COVID | Justin Murphy, Rochester Democrat & Chronicle

Economy

Revenge of the Money Launderers | Matt Taibbi, Substack

There’s a Pattern of Corporate Media Censoring News About Wall Street Banks’ Crimes | Pam Martens and Russ Martens, Wall Street on Parade

What’s Behind the Fed’s Project to Send Free Money to People Directly? | Wolf Richter, Wolf Street

During pandemic, more workers being replaced by robots, new study finds | Christian Hetrick, Philadelphia Inquirer

How Can You Be an Ally? Go to a Black-Owned Bank | Katherine Waldock, The New York Times

The typical full-time salary in America would be $102,000 if wages had kept up with growth — but the economy has failed 90% of workers | Allana Akhtar, Business Insider

Philly’s Black-owned business crisis: Walloped by the pandemic and closing at faster rates | Miles Bryan, WHYY PBS

The Impact of COVID-19 on Philly’s Latinx/Hispanic Community | Mike Shields, Economy League

Mortgage Lending In The Asian American And Pacific Islander Community | Seema Agnani and Jason Richardson, National Community Reinvestment Coalition

Bounce back loans: Taxpayers may lose £26bn on unpaid loans | BBC News

Investigation into the Bounce Back Loan Scheme | UK National Audit Office

Gov. Wolf’s coronavirus business waiver program was inconsistent, unfair, auditor says | Angela Couloumbis, Spotlight PA

UCI Podcast: At the intersection of economics and political philosophy: Debt, dollars and how the U.S. monetary system can work for everyone | Aaron James

Philly’s largest bank flip-flops on mortgage assistance, leaving homeowners hanging | Jason N. Peters, BillyPenn