Description: Christy George reports that poor Boston neighborhoods lack access to banking services. Banking leaders met with community leaders today to announce an agreement that will provide better banking services to poor neighborhoods. George reviews the details of the agreement, which will provide bank branches, loans, and increased investment to poor neighborhoods. At the meeting Richard Pollard (Massachusetts Bankers Association) says that redlining did not take place in the 1980s. Charles Stith (Organization for a New Equality), Bruce Bolling (Boston City Council), Willie Jones (Community Investment Coalition), John Hamill (Shawmut Bank),Ronald Homer (Boston Bank of Commerce), and Michael Dukakis all speak out in favor of the proposal. This edition of the Ten O'Clock News also included the following items: Julian Bond at Harvard University and Christopher Lydon interviews Sarah Small
1:00:06: Visual: Aerial shot of Somerville. Shot of residents walking on a street in Roxbury. Shots of street signs for Blue Hill Avenue and Dudley Street; of a Western Union office in Roxbury; of signs in the window of the Western Union office. Shot of a man walking into the Western Union office. Christy George reports that poor communities lack access to banking services. George reports that Boston banks have few branches in poor communities. V: Footage of Michael Dukakis (Governor of Massachusetts) at a gathering of Massachusetts bankers. Dukakis shakes hands with meeting attendees. George reports that Dukakis outlawed the practice of redlining in the 1970s; that bankers and business leaders were upset about the law. George says that poor communities still lack banking services in spite of the law. George reports that Dukakis has supported a program to get banks to give better service to poor communities. V: Footage of Dukakis standing with banking leaders and community leaders at the meeting. Footage of Richard Pollard (Massachusetts Bankers Association) saying that he will not admit that redlining has been taking place in the 1980s; that redlining is illegal. Shots of banking leaders and community leaders socializing. George says that banking leaders met with community leaders today. George reports that banking leaders have agreed to open 10 to 15 new branches of downtown banks in poor neighborhoods over the next five years; that banking leaders have agreed to open 20 to 35 new ATM machines in poor communities. George reports that banking leaders have agreed to restructure mortgage programs; that the new program will grant mortgages to families earning as little as $27,000 per year. George reports that the banks will participate in a $100 million affordable housing pool to finance renovation and construction of affordable housing. George reports that bank leaders will support a $10 million corporation which will direct investments to minority-owned businesses. V: On-screen text details the specifics of the agreement between bank leaders and community leaders. Footage of Charles Stith (Organization for a New Equality) at the meeting. Stith encourages the leaders to join hands and raise them in the air. The leaders raise their hands and say "Amen." Stith stands next to Bruce Bolling (Boston City Council). Shots of Dukakis and other leaders. Shots of the media; of Stith. George reports that the leaders need to decide how to monitor progress; that both sides were optimistic about the plan. V: Footage of Stith speaking at the meeting. Stith says that it has taken a long time to reach an agreement. Footage of Bolling speaking at the meeting. Bolling says that the agreement is like "a Catholic marriage"; that there is no divorce. Footage of John Hamill (Shawmut Bank) speaking at the meeting. Hamill says that the agreement is not like a new marriage; that the agreement is "a renewal of vows." Footage of Ronald Homer (Boston Bank of Commerce) speaking at the meeting. Homer says that "the only way to say 'I love you' in business is with money. Footage of Dukakis saying that the agreement is "fantastic." George says that the agreement was reached when communication between the two sides improved. V: Footage of Pollard speaking at the meeting. Pollard says that the community used to have the feeling that the banks had unlimited funds with which to provide mortgages. Pollard says that the banks needed to explain their business model to the community. Footage of Willie Jones (Community Investment Coalition) speaking at the meeting. Jones says that the banks have realized that poor communities are looking for basic services instead of "bells and whistles." George stands in a residential neighborhood. George reports that banking rules have made it difficult for poor people to qualify for loans and mortgages. George reports that banks have restructured their rules to allow access for poor people. George notes that the banks will make money in poor communities; that they will not make as much money as in wealthy communities.
Collection: Ten O'Clock News
Date Created: 01/15/1990
Description: Michael Dukakis speaks at State House after upset defeat by Edward King in gubernatorial primary. Kitty, Frank Keefe, Barbara Ackermann, Evelyn Murphy.
Collection: Ten O'Clock News
Date Created: 09/20/1978
Description: Governors Conference in Boston. Sen. Edward Kennedy and Rep. John Anderson meet with the National Governors Association, including Govs. Jerry Brown, Ella Grasso, Reubin Askew, Dixie Lee Ray, Ed Herschler, James Longley, Harvey Wollman, Richard Lamm, Meldrim Thomson, Mike O'Callaghan, and Richard Snelling. End of the discussion on health care and insurance policy. Governor Dukakis speaks and Senator Kennedy responds. Many closeups on Kennedy, Dukakis, and audience pans. Governor Snelling introduces John Anderson and the panel on government regulations. Cuts of Anderson's speech about the problem of over-regulation by Congress and the legislative veto, with shots of governors around the table. The Director of the US Office of Management and Budget, James T. McIntyre, speaks to the same issues. Rep. Anderson takes questions.
Collection: Ten O'Clock News
Date Created: 08/28/1978
Description: Emerson College will be moving from downtown Boston to Lawrence in 1992. Interview with a representative of Emerson on the reasons for the move. Interview with Lawrence Mayor Kevin Sullivan on the urban renewal project that will help improve the city. Sullivan, Gov. Dukakis, and Sen. Patricia McGovern speak at a ceremony held at the site along the Merrimack River. Construction in progress on site. Interview with William Callaghee, publisher of the Lawrence News, who speaks against the project. Interviews with Lawrence residents on the benefits they predict will come from the relocation of Emerson into their city.
Collection: Ten O'Clock News
Date Created: 12/27/1988
Description: Convening of a Joint Committee of the Massachusetts Senate and House of Representatives. Interiors of the State House. Michael Dukakis proceeds into the chamber and delivers the State of the State address (for his first term as governor). His address touches on the state of Massachusetts towns, specifically North Adams, and the great benefits Massachusetts is able to provide people who need extra attention, including the elderly, handicapped, mentally disabled, mentally ill, and disadvantaged children. George Keverian, Kevin Harrington, William Bulger, Tom O'Neill and other state government dignitaries are present. Some video dropout. reel 1 of 2.
Collection: Ten O'Clock News
Date Created: 01/11/1978
Description: Vietnamese fishermen inaugurate their refurbished boat "Miss Liberty," which was banned two years ago for not having the proper equipment. Interview with one of the Vietnamese refugee fishermen,who formed a cooperative and bought a fully equipped boat that would not be in conflict with the lobster industry in the Boston Harbor. Michael and Kitty Dukakis congratulate them and their families on the Fish Pier. Michael Dukakis addresses the audience. Edited story is followed by b-roll of the fishermen and their families on the pier. Michael and Kitty Dukakis arriving at the event and talking with the fishermen. Vietnamese American woman welcomes audience to ceremony and thanks government officials who helped the cooperative. More of Dukakis's address.
Collection: Ten O'Clock News
Date Created: 06/28/1990