News Shorts

Wall Street Journal Exposes Post-2008 Dangers

Wall Street Journal Exposes Post-2008 Dangers

March 31, 2018–In a special section entitled “10 Years After the Crisis,” published on March 27, Wall Street’s newspaper of record, the Wall Street Journal, put together a highly interesting compilation of charts and graphs which tell a sorry truth: Injustice and risk remain an imminent risk to the financial […]

by April 2, 2018 News Shorts
EnergyFirst's Perry Plant in Pennsylvania, now under threat of shutdown. (EnergyFirst).

“Free Market” Threatens Vital Nuclear Energy

March 30, 2018—Nuclear energy is a vital component of the U.S.’s  power supply–but it is now under mortal threat due to the “free market” fraud. On March 28, the electric utility company FirstEnergy took two dramatic steps. First, it sent a 44-page letter to Secretary of Energy Rick Perry calling on […]

by April 2, 2018 News Shorts
Olivier Sarkozy of the Carlyle Group, a beneficiary of recent deregulation. (wikimedia commons)

Wall Street Deregulators Are on a Roll

April 2, 2018—Wall Street is racking up wins in Congress that are sure to increase the risk of the widely forecast next financial blowout. In addition to the passage of S. 2155 , which loosened capital and reporting requirements for 25 of the 38 largest banks in the United States, […]

by April 2, 2018 News Shorts
A joint Russian-American crew ready to go to the ISS in 2016. (NASA/Ingalls)

U.S. and Russia Discuss Joint Space Project

April 2, 2018—Representatives of the Russian and U.S. space agencies will meet in Houston, Texas April 9, in order to further discussion about setting up a joint space project, a Moon Orbiter station dubbed Deep Space Gateway. The specific objective, according to Sputnik news service, is to set common standards […]

by April 2, 2018 News Shorts
U.S. Steel plant from 1973. (wikimedia commons)

Congressional Steel Caucus Hails Tariffs

March 25, 2018—The Congressional Steel Caucus, a bipartisan body headed by Republicans Rick Crawford (Ark) and Mike Bost (Ill), held an extensive briefing March 21, bringing together labor and industry representatives to discuss President Trump’s announced tariffs on steel and aluminum imports. In addition to Steelworkers President Leo Gerard, the […]

by March 26, 2018 News Shorts
Lock on the Mississippi River. (wikipedia)

Nation’s Waterways Need Giant Investment

March 25, 2018—Groups dependent upon the extensive inland waterway system of the United States are celebrating their good fortune, in the wake of the Congress’s latest appropriations bill. For example, the Waterways Council, in a March 22 release, exulted at the fact that funding for the Army Corps of Engineers’ […]

by March 26, 2018 News Shorts
Treasury Secretary Steve Mnuchin and Puerto Rican Governor Ricardo Rossello.

Will Trump Administration Holdup of Puerto Rican Funds Finally End?

March 24, 2018–The scandalous holdup of billions in disaster aid authorized by Congress for Puerto Rico last October, appears finally to be about to end. The signal was given by Treasury Secretary Steve Mnuchin during a high-profile visit to the Island on March 22, where he and Governor Ricardo Rosselló […]

by March 26, 2018 News Shorts
Cindy Estrada, UAW vice-president.

Almost 2 million on Latest Sanders Town Hall

March 22, 2018–With 1.7 viewers tuned in to his online town hall March 20, “Inequality in America: The Rise of Oligarchy and Collapse of the Middle Class,” Sen. Bernie Sanders, joined by Sen. Elizabeth Warren and others, missed a golden opportunity to rally progressive Democrats and independents to fight for […]

by March 26, 2018 News Shorts
Former FDIC chair Sheila Bair

FDIC Officials Warn Against Further Deregulation

March 25, 2018–Experienced officials of the Federal Deposit Insurance Corporation (FDIC) have made it clear once again: It’s the height of stupidity to further loosen banking regulations. Former FDIC Chairman Sheila Bair made her comments to Barron’s magazine  on March 1, but they continue to garner coverage in the financial […]

by March 26, 2018 News Shorts
The Bank of New York Mellon, one of the huge banks aided by S. 2155.

News Shorts for March 19-25, 2018

  New Bank Deregulation Bill Would Hasten New Financial Crash March 18, 2018—If you listen to the apologists for S. 2155, the bank deregulation bill that passed the U.S. Senate 67 to 31 on March 14, you will be told that this legislation is being passed as a boon to […]

by March 18, 2018 News Shorts