April 11, 2019—The state of Pennsylvania is currently the front line in a critical battle to save the nuclear power industry in the United States. In the face of the potential shutdown of plants at Three Mile Island and Beaver Creek, some legislators are fighting to save them by adding […]
April 8, 2019—On April 2, the General Assembly of the state of Illinois passed HR0014, a resolution memorializing Congress to establish a New National Infrastructure Bank. The resolution was introduced by Rep. Mary Flowers (D-31) in late December. It passed the Financial Institutions Committee on March 19. The resolution now […]
April 5, 2019—Rep. Thomas Jackson has introduced House Joint Resolution 60 to the Alabama House of Representatives, in pursuit of “urging Congress to support efforts to reinstate the separation of commercial and investment banking functions and to return to national banking policies.” The Resolution was sent to the Alabama State […]
April 2, 2019–The end-of-year reporting by the Wall Street mega-banks on their exposure to risk should be setting off alarms on Capitol Hill and beyond. Of particular concern are the figures on speculation in derivatives contained in the annual reports which the banks (among other publicly traded companies) have to […]
March 21, 2019—It’s good news that the state of Connecticut has reached a deal to keep its Millstone nuclear plant open. That plant, owned by Dominion Energy, supplies half of Connecticut’s electricity, and 19% of the electric power for New England as a whole. Similar actions to maintain economically-stressed nuclear […]
March 7, 2019—Rep. Shelly Willingham (D-Martin) introduced a “joint resolution urging Congress to enact without delay an “American Economic Recovery Program” into the North Carolina State Legislature on Feb. 17. House Joint Resolution 190 has five cosponsors and has been referred to the Banking Committee as the first step. The […]
Feb. 18, 2019—The need for a National Infrastructure Bank (NIB), built along Hamiltonian principles, has come sharply to the fore in the current debate/uproar over the fate of California’s plans for a high-speed rail connection between Los Angeles and San Francisco. Establish a national bank with long-term, low-interest credit, capitalized […]
Feb. 15, 2019—The issue of Glass-Steagall-style separation of the too-big-to-fail (TBTF) banks is once again before the Australian Parliament. On February 12, One Nation leader Senator Pauline Hanson introduced the Banking System Reform (Separation of Banks) Bill 2019 into the Australian Senate. Her motion was as follows: “That the following bill be […]
Feb. 2, 2019—Rep. Peter DeFazio (D-Or), Chairman of the House Transportation and Infrastructure Committee, will convene his first hearing on the nation’s infrastructure needs on Thursday, Feb. 7. According to the announcement on the Committee’s site, the hearing is entitled “The Cost of Doing Nothing: Why Investing in Our Nation’s […]
Jan. 22, 2019—The following resolution urging Congress to establish a National Infrastructure Bank was introduced into the Illinois state legislature in late December by Representative Mary Flowers (D-31). For a short video explaining how such a bank would work, click here. WHEREAS, The United States is in a deep infrastructure […]
