By Nancy Spannaus Nov. 7, 2018—One thing is definitive about the results of the U.S. mid-term elections: Neither political party put a solution to the country’s economic and financial disaster on the national agenda. That doesn’t mean that many of the new Democratic members of Congress don’t have a strong […]
Nov. 3, 2018–Once the separation between commercial banking and speculation has been re-established, the problem of a supply of cheap, long-term credit for the physical economy is easily solvable. Given the enormous needs for infrastructure building and rebuilding, this will require Federal credit and Federal credit guarantees. There are various means by […]
By Alphecca Muttardy, Macroeconomist Last updated 10/25/2018 Summary: At present, the State of Virginia spends about 10% of its total public spending (or 1.7% of the state’s GDP) on public infrastructure projects.[1] Of that total, the Virginia state budget pays for highway construction and improvements at four-year universities; local governments […]
by Nancy Spannaus Nov. 1, 2018—It should be no surprise that at its Oct. 31 (Halloween) meeting, the Federal Reserve decided to loosen regulations not only for the banks with a $250 billion net worth, but also for those with assets up to the $700 billion level. This decision reflects […]
October 30, 2018—Tomorrow, according to an Oct. 29 report in the American Banker, the Federal Reserve Board of Governors is expected to take up the matter of implementing S. 2155, the major banking deregulation bill that was passed in the spring of this year. “Specifically, the Fed will unveil details […]
By Nancy Spannaus Oct. 19, 2018—Today we patriots of the United States properly celebrate the decisive victory of American forces over the British at Yorktown, a victory which “turned the world upside” with the British surrender on Oct. 19, 1781. Although the war continued for another year and a half, […]
By Nancy Spannaus Oct. 17, 2018—After more than one year of study, a Defense Department task force set up by President Trump released a 139-page report on Oct. 5 entitled “Assessing and Strengthening the Manufacturing and Defense Industrial Base and Supply Chain Resiliency of the United States.” Not surprisingly, it […]
by Nancy Spannaus Oct. 9, 2018—On September 4, dozens of elected officials, and leaders from the labor and business community in New Jersey held a press conference in Secaucus to demand that action be taken now to unblock federal funding for the Gateway Project that would replace the antiquated bridge […]
Oct. 5, 2018–The following is a guest article, originally published under the title “How Famine in India Sparked the Boston Tea Party and the American Revolution.” It sheds considerable light on what the Founding Fathers and American population at large saw as their possible fate if they did not resist […]
Nov. 15, 2018–The slide show delivered by macro-economist Alphecca Muttardy on Nov. 13 in Washington,D.C. is now available here as a PDF. Although many of the slides are self-explanatory, you may find it useful to review them alongside our news report, which is available here. As the weekly disruptions of […]
By Nancy Spannaus Nov. 14, 2018—A group of approximately 25 citizen-leaders gathered in a Washington, D.C. library last night to discuss how to address the question of the nation’s collapsing infrastructure. The lively, almost-unstoppable discussion centered around a slide show presentation on a National Infrastructure Bank (NIB) proposal, given by […]
Draft Legislation To Create a Bank of the United States for Infrastructure and Manufacturing
Italian Government Prompts Showdown over EU Austerity Demands
By Andrew Spannaus Nov. 8, 2018–The Italian government of Giuseppe Conte, whose EU-critical policies are driven by the leaders of the two coalition partners, and Deputy Prime Ministers, Luigi Di Maio of the Five Star Movement (M5S) and Matteo Salvini of the League, has decided to openly challenge EU budget […]