• This is a political forum that is non-biased/non-partisan and treats every person's position on topics equally. This debate forum is not aligned to any political party. In today's politics, many ideas are split between and even within all the political parties. Often we find ourselves agreeing on one platform but some topics break our mold. We are here to discuss them in a civil political debate. If this is your first visit to our political forums, be sure to check out the RULES. Registering for debate politics is necessary before posting. Register today to participate - it's free!

Portland, Ore., Becomes First Major U.S. City to End All New Investment in Corporatio

ThoughtEx.

ThoughtEx.

Banned
DP Veteran
Joined
May 18, 2016
Messages
5,138
Reaction score
2,125
Location
North America
Gender
Undisclosed
Political Leaning
Other
"An April 5 vote exceeded Quintero’s expectations. Through pressure from a coalition of grassroots organizations, the Portland City Council voted to halt all new investments in corporations—not just Wells Fargo and Caterpillar. The unanimous vote made Portland the first major U.S. city that has promised to end new investments in corporate securities—debts that are repaid to the city with interest. For now, Portland will continue investing in its current corporate securities, but will not renew them when the final one matures in 2019. Instead, Portland will invest in non-corporate options like U.S. government bonds, and is in talks of creating a municipal bank. The city’s investments total over $1.7 billion, and about one-third of that is in corporations."

Portland, Ore., Becomes First Major U.S. City to End All New Investment in Corporations by Melissa Hellmann ? YES! Magazine

An interesting move, and one that could work out in the long run. The great thing about non securities investments is guaranteed growth. If another bubble bursts, Portland won't lose 20 percent of its holdings. I like this, slow and steady for a town makes sense.
 
Re: Portland, Ore., Becomes First Major U.S. City to End All New Investment in Corpor

ThoughtEx. said:
"An April 5 vote exceeded Quintero’s expectations. Through pressure from a coalition of grassroots organizations, the Portland City Council voted to halt all new investments in corporations—not just Wells Fargo and Caterpillar. The unanimous vote made Portland the first major U.S. city that has promised to end new investments in corporate securities—debts that are repaid to the city with interest. For now, Portland will continue investing in its current corporate securities, but will not renew them when the final one matures in 2019. Instead, Portland will invest in non-corporate options like U.S. government bonds, and is in talks of creating a municipal bank. The city’s investments total over $1.7 billion, and about one-third of that is in corporations."

Portland, Ore., Becomes First Major U.S. City to End All New Investment in Corporations by Melissa Hellmann ? YES! Magazine

An interesting move, and one that could work out in the long run. The great thing about non securities investments is guaranteed growth. If another bubble bursts, Portland won't lose 20 percent of its holdings. I like this, slow and steady for a town makes sense.
Click to expand...

I'd have to review it in full, but at first glance, I would say that I agree. Particularly if it means investing in local businesses and worker collectives.
 
Re: Portland, Ore., Becomes First Major U.S. City to End All New Investment in Corpor

Portland’s mayor is not a fan of the move, noting that in addition to an expected decrease in return, divestment will limit the city’s ability to use financial pressure to influence corporate policy. But it seems to me that these considerations are outweighed by the advantages of exiting the Wall Street casino in favor of safer, more stable and, one would hope, more homegrown options for investing public money.
 
Re: Portland, Ore., Becomes First Major U.S. City to End All New Investment in Corpor

ThoughtEx. said:
"An April 5 vote exceeded Quintero’s expectations. Through pressure from a coalition of grassroots organizations, the Portland City Council voted to halt all new investments in corporations—not just Wells Fargo and Caterpillar. The unanimous vote made Portland the first major U.S. city that has promised to end new investments in corporate securities—debts that are repaid to the city with interest. For now, Portland will continue investing in its current corporate securities, but will not renew them when the final one matures in 2019. Instead, Portland will invest in non-corporate options like U.S. government bonds, and is in talks of creating a municipal bank. The city’s investments total over $1.7 billion, and about one-third of that is in corporations."

Portland, Ore., Becomes First Major U.S. City to End All New Investment in Corporations by Melissa Hellmann ? YES! Magazine

An interesting move, and one that could work out in the long run. The great thing about non securities investments is guaranteed growth. If another bubble bursts, Portland won't lose 20 percent of its holdings. I like this, slow and steady for a town makes sense.
Click to expand...


terrible investment

and when the return on that investment does not measure up, and they don't have enough money.....fail.


View attachment 67217216
 

Attachments

  • Screen Shot 2017-05-07 at 8.57.56 AM.jpg
    Screen Shot 2017-05-07 at 8.57.56 AM.jpg
    22.9 KB · Views: 62
Last edited:
Re: Portland, Ore., Becomes First Major U.S. City to End All New Investment in Corpor

Master PO said:
terrible investment

and when the return on that investment does not measure up, and they don't have enough money.....fail.


View attachment 67217216
Click to expand...

There are many different types of non security investments, no ones proposing they throw their eggs all in one basket.
 
Re: Portland, Ore., Becomes First Major U.S. City to End All New Investment in Corpor

ThoughtEx. said:
There are many different types of non security investments, no ones proposing they throw their eggs all in one basket.
Click to expand...

those types of investments are pay very low yields and while its easy to get a return of 6% on a corporate bond or even higher on stock

if the city invest in those low yield investments just because they want to be anti-business, they better cut their spending.
 
Last edited:
Re: Portland, Ore., Becomes First Major U.S. City to End All New Investment in Corpor

Master PO said:
those types of investments are pay very low yields and while its easy to get a return of 6% on a corporate bond or even higher on stock

if the city invest in those low yield investments just because they want to be anti-business, they better cut their spending.
Click to expand...

Ah so your takeaway is exactly the same as everyone else's takeaway then. How very profound and revealing. "They'll make less money!" Yeah, no ones arguing this will somehow increase revenue.

But squeezing every last dime possible out of a quarter isn't always the best long term practice for a town.
 
Re: Portland, Ore., Becomes First Major U.S. City to End All New Investment in Corpor

ThoughtEx. said:
"An April 5 vote exceeded Quintero’s expectations. Through pressure from a coalition of grassroots organizations, the Portland City Council voted to halt all new investments in corporations—not just Wells Fargo and Caterpillar. The unanimous vote made Portland the first major U.S. city that has promised to end new investments in corporate securities—debts that are repaid to the city with interest. For now, Portland will continue investing in its current corporate securities, but will not renew them when the final one matures in 2019. Instead, Portland will invest in non-corporate options like U.S. government bonds, and is in talks of creating a municipal bank. The city’s investments total over $1.7 billion, and about one-third of that is in corporations."

Portland, Ore., Becomes First Major U.S. City to End All New Investment in Corporations by Melissa Hellmann ? YES! Magazine

An interesting move, and one that could work out in the long run. The great thing about non securities investments is guaranteed growth. If another bubble bursts, Portland won't lose 20 percent of its holdings. I like this, slow and steady for a town makes sense.
Click to expand...

Curious to see how this works out with Nike.
 
Re: Portland, Ore., Becomes First Major U.S. City to End All New Investment in Corpor

ThoughtEx. said:
Ah so your takeaway is exactly the same as everyone else's takeaway then. How very profound and revealing. "They'll make less money!" Yeah, no ones arguing this will somehow increase revenue.

But squeezing every last dime possible out of a quarter isn't always the best long term practice for a town.
Click to expand...

since the city is spending at a current level because of the investment income they have received from those investments, then changing investments to a lower yield will requires less spending..

if you receive 6% on your current yield but you lower that yield to 2% you have to lower spending.

so if the city continues it current rate of spending, be receives less of a return, then the only course left is to go after the tax payers......happy dreams!
 
Re: Portland, Ore., Becomes First Major U.S. City to End All New Investment in Corpor

FieldTheorist said:
I'd have to review it in full, but at first glance, I would say that I agree. Particularly if it means investing in local businesses and worker collectives.
Click to expand...

That sounds like communism.
 
Re: Portland, Ore., Becomes First Major U.S. City to End All New Investment in Corpor

ThoughtEx. said:
"An April 5 vote exceeded Quintero’s expectations. Through pressure from a coalition of grassroots organizations, the Portland City Council voted to halt all new investments in corporations—not just Wells Fargo and Caterpillar. The unanimous vote made Portland the first major U.S. city that has promised to end new investments in corporate securities—debts that are repaid to the city with interest. For now, Portland will continue investing in its current corporate securities, but will not renew them when the final one matures in 2019. Instead, Portland will invest in non-corporate options like U.S. government bonds, and is in talks of creating a municipal bank. The city’s investments total over $1.7 billion, and about one-third of that is in corporations."

Portland, Ore., Becomes First Major U.S. City to End All New Investment in Corporations by Melissa Hellmann ? YES! Magazine

An interesting move, and one that could work out in the long run. The great thing about non securities investments is guaranteed growth. If another bubble bursts, Portland won't lose 20 percent of its holdings. I like this, slow and steady for a town makes sense.
Click to expand...

There's no such thing as guaranteed growth. If the government, for whatever reason, refuses to pay on the bonds, the city will lose 100% of it's holdings.

Plus, less investment in the private sector means less capital and less growth.
 
Re: Portland, Ore., Becomes First Major U.S. City to End All New Investment in Corpor

ThoughtEx. said:
There are many different types of non security investments, no ones proposing they throw their eggs all in one basket.
Click to expand...

Fixes Indexed Annuities... Guaranteed not to fail. ha ha
 
You must log in or register to reply here.
Back
Top Bottom