This Week in History, By Pam Lowry February 6 – 12, 1809 When Abraham Lincoln was born on February 12, 1809 in the wilds of Kentucky, Robert Fulton was applying for a patent on the steamboat which he had successfully launched on the Hudson River just a year and a […]
By Angela Vullo July 6, 2017–Another nail was driven into the coffin of the myth of the so-called national economic recovery on June 30 when 11 states announced they would have a heck of a problem in balancing their budgets. State governments are mandated to have a balanced budget by […]
“I’m Shocked, Shocked to Find There’s Gambling Going On Here” —From the movie Casablanca“ July 4, 2017—The Federal Reserve put out the word on June 26, claiming that all the major banks in the United States had passed their “stress tests,” and thus demonstrated that they could weather a severe […]
July 2—With the bold act of defiance against the British Crown that was the Declaration of Independence, the United States of America was born in July 1776. That Declaration concludes: “We, therefore, the representatives of the United States of America, in General Congress, assembled, appealing to the Supreme Judge of […]
By Nancy Spannaus June 26, 2017—Talk about the desperate need for an upgrade of the basic infrastructure of the U.S. economy is all the rage these days, from President Trump to the New York State officials staring a transportation disaster in the face. The unfortunate reality is that, despite the […]
June 21, 2017–Following the GOP’s stonewalling of discussion of Glass-Steagall over the past week, supporters of the Return to Prudent Banking Act (H.R. 790) in the House of Representatives have determined to take the fight to a broader level. Thus, on June 20, the lobbying group Public Citizen hosted the […]
June 20, 2017–Credit unions around the country are beginning to take notice of the Congressional debate on restoring Glass-Steagall. An article in the June 21st edition of the Credit Union Times by the CEOs of two credit unions issued a call for “credit unions, credit union leagues and our […]
June 16, 2017—Eighty-four years ago today, President Franklin Roosevelt capped off a marathon 100-day session of Congress with the signing of the Glass-Steagall Banking Bill. That bill, which was actively promoted by some powerful Wall Street bankers as well as the general public, was specifically aimed at providing for “the […]
June 15, 2017—Some Glass-Steagall advocates just won’t take `no’ for an answer. Among them are former Reagan Administration Assistant Treasury Secretary Paul Craig Roberts, and Democratic Representatives Marcy Kaptur (Ohio) and Tulsi Gabbard (Hawaii). On June 8 Roberts posted an article under the title “Without Glass-Steagall America Will Fail.” Roberts […]
By Nancy Spannaus May 10, 2021—On May 4, Nevada became the second state in 2021 to pass a resolution urging Congress to establish a National Infrastructure Bank (NIB) based on the time-tested principles used by America’s most successful presidents. As outlined in HR 6422 (116th Congress), Congress would create a […]
New Video Documentary Completes the Story By Nancy Spannaus May 2, 2021—The second part[1] of Hamilton advocate Marianne Als’s video documentary on the life of Alexander Hamilton (The “HamilStory”) is now available. Entitled “The Pragmatic Visionary: Foundations for the New Nation,” the hour-long video provides an in-depth picture of the […]
Draft Legislation To Create a Bank of the United States for Infrastructure and Manufacturing
Don’t Get Your History From Lin-Manuel Miranda’s “Hamilton”!
Hamilton: The Revolution Lin-Manuel Miranda and Jeremy McCarter Grand Central Publishing, 2016, 288 pages. By Nancy Spannaus It is quite possible, as great philosophers have pointed out, for a misguided or totally erroneous action to have positive consequences. So might be the case with Lin-Manuel Miranda’s smash Broadway hit “Hamilton.” […]