News Shorts

New Alabama Resolution for Glass-Steagall, National Banking

New Alabama Resolution for Glass-Steagall, National Banking

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 […]

by April 5, 2019 News Shorts
Citibank's offices at Canary Wharf in London (dreamstime)

Mega-banks Report on Their Mega-Speculation

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 […]

by April 2, 2019 Glass-Steagall, News Shorts
The Millstone nuclear plant in Connecticut.

Saving Today’s Nuclear Fleet Is Not Enough

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 […]

by March 21, 2019 News Shorts
American Recovery Resolution Introduced in North Carolina

American Recovery Resolution Introduced in North Carolina

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 […]

Construction on California's high-speed rail project has already begun.

Infrastructure Bank Needed for California Rail

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 […]

by February 18, 2019 Infrastructure, News Shorts
Australian Senator Pauline Hanson

Australian Senator Moves for Breaking Up the Banks

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 […]

by February 15, 2019 News Shorts
The 100-year old bridge over the Columbia River connecting Oregon and Washington state. (wikipedia)

Congress to Begin Debating Infrastructure

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 […]

by February 2, 2019 Infrastructure, News Shorts
Illinois infrastructure needs as determined by the American Society of Civil Engineers.

Resolution for a National Infrastructure Bank Introduced in Illinois

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 […]

by January 22, 2019 News Shorts
Hamilton’s 262nd Birthday Celebrated in NYC and Nevis

Hamilton’s 262nd Birthday Celebrated in NYC and Nevis

New York City, Jan. 12, 2019—The annual Alexander Hamilton birthday celebration took place this year in two places—Trinity Church in Manhattan, and at the Alexander Hamilton Birthplace Museum in Charlestown, Nevis. While those in New York City labored under what some called “Valley Forge” conditions of cold and wind, the […]

by January 12, 2019 News Shorts
The use of deadly opioids is driving down U.S. life expectancy.

U.S. Life-Expectancy Down: The fundamentals are unsound!

By Nancy Spannaus Nov. 29, 2018—Forget the stock market, inflation, and the jobs figures. According to the most vital measures of the U.S. economy, the fundamentals are very unsound. U.S. life-expectancy at birth decreased again in 2017, according to statistics released today by the Centers for Disease Control (CDC). This […]

by November 29, 2018 News Shorts