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
News Shorts, March 12-18, 2018

News Shorts, March 12-18, 2018

  Elizabeth Warren Puts Glass-Steagall on Senate Agenda March 11, 2018—Senator Elizabeth has moved in the only appropriate way, to counter the outrageous and dangerous move by the Congress (many Senate Democrats included) to give an even freer ride to the big banks, in a deregulation bill laughingly called the […]

by March 11, 2018 News Shorts
News Shorts, March 5-11, 2018

News Shorts, March 5-11, 2018

Administration Slashing Crucial New York-New Jersey Gateway Project March 4, 2018—The final word has not yet been said, but the Trump Administration is giving every indication of disavowing any Federal funding for a major infrastructure project on which a huge portion of the nation’s economic functioning depends. That project is […]

by March 5, 2018 News Shorts, Uncategorized
The Wstts Bar dam on the Tennessee River, built from 1939 to 1942, provided urgently needed electricity for the World War II effort. (TVA.org)

News Shorts, Feb. 26-March 4, 2018

Democratic and Republican Lawmakers Blast Proposal to Sell Off Parts of TVA Feb. 25, 2018—The Trump budget proposal for selling off the transmission lines of the Tennessee Valley Authority (TVA) came under immediate attack from both Democrats and Republicans. Senator Lamar Alexander, Republican of Tennessee, called it a “looney idea.” […]

by February 26, 2018 News Shorts
National spheric torus experiment at Princeton, a  premier site for thermonuclear fusion research.

News Shorts, Feb. 19-25, 2018

  Trump Administration Budget Means Slashes in Crucial Investments for the Future Feb. 18, 2018—From the standpoint of the American System of Economics, the nation’s commitment to the frontiers of science is a crucial parameter indicating whether it is on the path to progress. For our purposes today, two of […]

by February 19, 2018 News Shorts
Similar bubbles to the 2009 housing market bubble, are set to blow in 2018 (Wiki)

News Shorts, Feb. 12-18, 2018

  Stock Market Dives Catch Congress and Trump Flat-footed; Where is Glass-Steagall? Feb. 11, 2018—The major dives on the stock market last week shouldn’t have taken anyone in Washington by surprise, but it should finally grab their attention.  If it does, they will turn their minds to the legislation to […]

by February 12, 2018 News Shorts
Residents affected by Hurricane Maria wait in line for fuel donated by the Fuel Relief Fund in the municipality of Orocovis, outside San Juan, Puerto Rico, October 10, 2017. REUTERS/Shannon Stapleton

News Shorts for Jan. 29-Feb. 4, 2018

Uproar Grows Over Lack of Federal Disaster Relief Feb. 4, 2018—Political pressure is mounting on Congress over the fact that the $81 billion disaster relief bill passed by the House in December continues to languish, with little visible prospect of passage by the Senate. The Puerto Rican situation, where approximately […]

by February 4, 2018 News Shorts
OECD official William White

New Shorts, Jan. 20-28, 2018

OECD Official at Davos Warns of New Global Crash Jan. 27, 2018—All was not happy talk at the confab of the financial elite in Davos, Switzerland this week. Speaking at the Davos World Economic Forum, economist William White, a veteran of the Bank for International Settlements, and currently head of […]

by January 28, 2018 News Shorts