News Shorts

Senator Joe Manchin (wikipedia)

Senator Manchin Calls for Infrastructure Bank

Nov. 14, 2018—U.S. Senator Joe Manchin (D-WV), who was re-elected on Nov. 6, has put himself on record calling for the creation of a national infrastructure bank.  According to an Oct. 19 report on WJLS News, a Beckley radio station, Manchin raised the issue during a candidates’ forum with his […]

by November 14, 2018 News Shorts
Delegate Sam Rasoul in 2014 (youtube)

Virginia Delegate Highlights the Issue of Poverty

Nov. 14, 2018—Delegate Sam Rasoul, who represents the 11th District in the Virginia House of Delegates, penned an oped in the Roanoke Times Nov. 11, in which he sought to direct attention to one of the fundamental economic crises facing the state, and implicitly the nation. Under the title “The […]

by November 14, 2018 News Shorts
Former Transportation Secretary Ray LaHood

Ray LaHood Promotes Federal Infrastructure Spending

Nov. 9, 2018—Speaking to CNBC on Nov. 8, former U.S. Transportation Secretary Ray LaHood laid out his current thinking on the prospects for a bipartisan Federal infrastructure plan. LaHood, a former Transportation Secretary and long-time proponent of major federal infrastructive spending, pinned his hopes on President Trump supporting an increase […]

by November 10, 2018 Infrastructure, News Shorts
Francesco la Camera and Mamman Nuhu sign the agreement.

Lake Chad Project Advances FDR’s Vision for Africa

October 20, 2018—On October 16, a huge step forward was taken for the African continent, with the signing of an agreement between Italy and the Lake Chad Basin Commission to fund a feasibility study of the Transaqua water project. Francesco La Camera, director general of the Italian Environment ministry, and […]

by October 20, 2018 News Shorts
Italian Minister Paolo Savona

FDR Tradition Alive and Well–in Italy!

Oct. 18, 2018—To the chagrin of the international financial institutions, the FDR tradition is showing itself to be alive and well in Italy. Most upsetting to the powers-that-be has been the Italian government’s determination to break the EU’s budget austerity rules, in the interest of fulfilling some of its promises […]

by October 18, 2018 News Shorts
Opioid Legislation Passed: Not with a Bang, But a Whimper

Opioid Legislation Passed: Not with a Bang, But a Whimper

Oct. 4, 2018—Passage of the SUPPORT for Patients and Communities Act, an omnibus bill purported to deal with the acknowledged public health emergency known as the opioid epidemic, with overwhelming bipartisan support in both Houses of Congress, is being heralded as a great achievement. In fact, from every point of […]

by October 4, 2018 News Shorts
A DuPont worker, tasked with developing a new biodegradable plastic.

Industry Week Is on the Right Track

Sept. 21, 2018—An article in the monthly magazine Industry Week came across my desk this morning, and it was a pleasure to read.  Under the title “How Financialization Is Starving Manufacturing,” author Michael Collins reviews the work of Rana Faroohar, who, in her book Makers and Takers, systematically laid out […]

by September 21, 2018 News Shorts
The PenFed Credit Union was established in 1935.

Credit Union Association Calls for a Modern Glass-Steagall

Sept. 8, 2018—The National Association of Federally-Insured Credit Unions (NAFCU) makes a strong case for reinstating the Glass-Steagall Act, as a means of protecting their institutions and the U.S. economy in a policy paper released earlier this week. “Modernizing Financial Services: The Glass-Steagall Act Revisited” reviews the way in which […]

by September 8, 2018 News Shorts
The CDC's latest chart on the 2017 increase in drug overdose deaths.

Opioid Deaths Leap Up: No Solution in Sight

August 17, 2018—Once again, the Centers for Disease Control (CDC) has issued a report which should shake Americans to the core. On Aug. 15 the CDC issued a preliminary estimate that 72,000 people died of opioid overdoses in 2017, a figure which represents a 7 to 10% increase over 2016. […]

by August 17, 2018 News Shorts
An infrastructure bank can fund the high-speed rail we need. Above, a Chinese high-speed train.

Our Revolution Northern Virginia Endorses National Bank

Aug. 11, 2018–At a meeting July 29, the Northern Virginia chapter of Our Revolution passed a resolution endorsing a new National Bank for Industry and Infrastructure. The resolution text reads as follows: Whereas, The American Society of Civil Engineers has reported that the United States needs a minimum of $4.6 trillion […]

by August 11, 2018 News Shorts