News Shorts

The Wendelstein Stellerator

Nuclear Fusion Breakthrough in Germany

July 6, 2018—On June 25, the Max Planck Institute for Plasma Physics announced that its WENDELSTEIN 7-X stellerator has achieved a world record in plasma temperature, density, and pulses, following an up-grade of the machine. Wendelstein 7-X, located in Greifswald, Germany, is the largest stellerator-type fusion experiment in the world. It […]

by July 6, 2018 News Shorts, Uncategorized
EnergyFirst's Perry Plant in Pennsylvania, now under threat of shutdown. (EnergyFirst).

Officials Call for Saving U.S. Nuclear Plants

July 4, 2018—Seventy-five prominent current and former U.S. industry, government, and military officials have sent a letter to Energy Secretary Rick Perry, to urge him to take the actions necessary to save the U.S. nuclear sector. The letter, issued June 26, calls on Perry “to ensure that no more nuclear […]

by July 4, 2018 News Shorts
Federal Court Strikes Medicaid Work Requirements

Federal Court Strikes Medicaid Work Requirements

June 30, 2018- A Federal Judge blocked the State of Kentucky’s Medicaid work requirements on Friday, ruling that the proposed regulations were contrary to the underlying purpose of the Medicaid Law, which is to provide access to healthcare for the most indigent. Four states- Kentucky, Indiana, Arkansas, and New Hampshire, […]

by June 30, 2018 News Shorts
News Outlets Flip Over Anti-Wall Street Election Results

News Outlets Flip Over Anti-Wall Street Election Results

  June 29, 2018—“Conservative” financial press and media reacted strongly to certain Democratic victories in the Tuesday primaries, citing candidates’ support for the reinstatement of Glass-Steagall. Most notable was the upset of 11-term Congressman Joe Crowley, by Alexandria Ocasio-Cortez, in New York’s 14th CD. Crowley had been long considered the […]

by June 30, 2018 Glass-Steagall, 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 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