By Darwin Bond Graham
In 1997, the city of Oakland, California entered into an interest rate swap agreement with Goldman Sachs. The bank promised that the swap would provide savings and allow Oakland to better fund crucial services. But the swap became a toxic liability in 2008 when Wall Street’s greed crashed the economy and neither the bank nor the federal government helped the city unwind the deal.
Campaign Wins Foreclosure Program in Oakland, Concessions in LA, Sets Sites on National Change
By Robbie Clarke
"I am taking an arrest to call attention to my demand for community control of housing,” says Nell Myhand. “As Ella Baker said about the courageous young people who sat in at lunch counters in the segregated South during the Civil Rights Movement to challenge unjust law, ‘it’s bigger than a hamburger.’” who went to jail fighting for their homes and for the homes of millions of other victims of the foreclosure crisis.
An Interview with Maya Wiley by Ron Shiffman
By Rene Ciria-Cruz
Facebook’s decision last year to relocate its corporate headquarters from Palo Alto to Menlo Park gave social justice activists a welcome opportunity to challenge the affluent city’s long-standing neglect of affordable housing.
By Rebecca Saldaña and Margaret Wykowski
It’s just after dawn when Naravisaya “Al” Les flips on the lights at his restaurant. There’s a rhythm to his routine— the same one he watched his father play out 15 years ago. First, he kicks off his rain-soaked shoes on the front mat and walks across to the cash register. Next, he presses his palms down on the laminate counter and sighs deeply as he looks out at the cool grey Seattle morning before starting to count his cash.