News Shorts

FDR Signs Glass-Steagall on June 16, 1933

Glass-Steagall Remembered on the 85th Anniversary

  June 16, 2018- The London Guardian and Liam Halligan both published pieces related to Glass-Steagall and the current economic crisis on or about the date that Franklin Roosevelt signed the Act, 85 years ago today.     The original bill was signed at the end of FDR’s first one […]

by June 16, 2018 News Shorts
WaPo Warns of “Mother of All Credit Bubbles:” Who’s Listening?

WaPo Warns of “Mother of All Credit Bubbles:” Who’s Listening?

June 12, 2018—An extraordinary article by regular financial columnist Steven Pearlstein in the June 10 Washington Post warned that a surge in corporate debt has created “the mother of all credit bubbles,” and put the U.S. (and world) financial systems on the road to a new crash worse than that […]

by June 12, 2018 News Shorts
Matteo Salvini, the new Italian Deputy Prime Minister.

Italian Government Poised to Implement Bank Separation?

June 7, 2018– “We have a growing awareness and the evaluation, included in the [coalition] contract, that we must distinguish, that it is timely to distinguish between banks issuing credit and above all are community-linked, and the more speculation-prone investment banks,” declared newly confirmed Italian Prime Minister Giuseppe Conte in his […]

by June 7, 2018 News Shorts
Congresswoman Marcy Kaptur Releases Petition to Reign in Wall Street Banks

Congresswoman Marcy Kaptur Releases Petition to Reign in Wall Street Banks

May 29, 2018- Congresswoman Marcy Kaptur just released a petition on her campaign website, calling on voters to tell President Trump to live up to his campaign promise, and reinstate Glass-Steagall.   Kaptur is the originator and lead sponsor of HR 790, the Return to Prudent Banking Act, which was […]

by June 3, 2018 Glass-Steagall, News Shorts
Message to Democratic Candidates: “Anti-Wall Street” Has Strong Bi-Partisan Support

Message to Democratic Candidates: “Anti-Wall Street” Has Strong Bi-Partisan Support

  June 2, 2018- A newly-released nationwide survey by Lake Research Partners and Chesapeake Beach Consulting, publicized by Americans for Financial Reform, revealed overwhelming bi-partisan support for curbing the influence of Wall Street and the big banks over the US government.   The survey focused on likely voters in midterm […]

by June 3, 2018 Glass-Steagall, News Shorts
The 2008 crash--Where deregulation leads

Deregulation Run Amok!

May 26, 2018—The pace of deregulation coming from the Trump Administration, and the U.S. Congress, is stunning. And it runs directly contrary to the principles of the Federally-backed credit system which Alexander Hamilton established, called the American System. Here are three prominent examples (many more are likely hidden in the […]

by May 26, 2018 News Shorts
Russia's floating nuclear plant, the Akademik Lomonovosov

New Era of Floating Nuclear Plants Begins

May 22, 2018—With great ceremony, the Russian city of Murmansk welcomed the floating nuclear plant Akademik Lomonosov on May 19. The plant had travelled from St. Petersburg where it was built. It will receive its supply of nuclear fuel in Murmansk, and then proceed to the Arctic circle town of […]

by May 22, 2018 News Shorts
Decline in the U.S birth  rate (World Bank)

U.S. Birthrate Falls to 30-Year Low

May 20, 2018—A report from the Centers for Disease Control (CDC) on May 17 declared that the U.S. birthrate fell 2 percent between 2016 and 2017, bringing the rate to the lowest level in 30 years. Fertility rates also fell to a near record low of 1.76.  The only year […]

by May 20, 2018 News Shorts
Predators Continue Their Ravaging of Puerto Rico

Predators Continue Their Ravaging of Puerto Rico

May 7, 2018–As the US House of Representatives considers the expansion of financial deregulation with the passage of a House version of Senate Bill 2155, two recent media exposes have brought to light the impact of years of unbridled predatory Wall Street practices in the case of Puerto Rico. NPR […]

by May 7, 2018 News Shorts
SpaceX Falcon 9 explodes on September 1, 2016 (YouTube Screen shot)

NASA Challenges SpaceX Design

According to a front-page piece in Sunday’s Washington Post, NASA officials and Members of Congress are questioning an innovation developed for fueling the Falcon 9, the rocket which is supposed to enable the United States to return to US-launched manned space flight. Sunday’s article,  “Elon Musk’s SpaceX is using a […]

by May 6, 2018 News Shorts