October 1, 2018
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JPMorgan Chase launches $500 million AdvancingCities initiative

In what it calls a push to drive inclusive growth in communities around the world, JPMorgan Chase recently announced a program called AdvancingCities. It is a $500 million, five-year investment in solutions that bolster the economies of the world’s communities.

"Learning from the firm’s past investments, AdvancingCities challenges the public and private sectors to work together on solutions that connect more people to jobs and greater financial security, boost small business growth, and revitalize economically distressed neighborhoods," JPMorgan Chase said in announcing the initiative.

The firm expects to leverage an additional $1 billion in outside capital, resulting in a total of $1.5 billion targeted toward efforts that boost inclusive growth.

"Opportunity is not shared equally across neighborhoods," said Jamie Dimon, chairman and CEO of JPMorgan Chase. "Businesses can and must step up to help change the status quo by creating a better future for all, no matter where they live. It is in our best interest and the right thing to do."

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On the Road Again
Vote No on I-1631

No vote urged on pollution fee initiative

By The Walla Walla Union-Bulletin Editorial Board

Earlier this year we opposed Gov. Jay Inslee's effort to impose a carbon-emissions tax in the Washington state Legislature.

We now oppose a similar effort to impose a carbon tax -- now dubbed a pollution fee -- through Initiative 1631. We urge a no vote on I-1631 on the November ballot.

This does not mean we oppose all efforts to combat climate change, which we see as a real and serious threat to all of us.

But any effective effort to reduce the carbon emissions that contribute to climate change should be done on a national scale at the federal level. A state-by-state approach such as the initiative adopts won't achieve much except to create an economic burden on those living in Washington state...

Read the full editorial in The Union-Bulletin
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