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LABOR, ECONOMY & THE CLIMATE - page 39

“Cromnibus” Put Taxpayers On Wall Street Hook for $9.7 Trillion

House oversight committee ranking member Elijah Cummings (D-Md.) and Sen. Elizabeth Warren (D-Mass.) have concluded after an almost year-long investigation that last year’s eleventh hour budget deal left taxpayers this year insuring Wall Street bets worth about $9.7 trillion. The two lawmakers said in a letter published Tuesday that their conclusion was based on estimates offered by two major financial regulators, the Federal Deposit Insurance Corporation (FDIC) and the Office of the Comptroller of the Currency (OCC). Warren and Cummings noted, however, that an impact assessment… Keep Reading

Following Keystone XL’s Defeat, U.N. Releases Troubling New Climate Data

The UN’s World Meteorological Organization (WMO) announced Monday that greenhouse gas levels in the atmosphere continued their “relentless rise” in 2014, suggesting that the fight against climate change will require far more than just the rejection of a pipeline. Atmospheric concentration of carbon dioxide, the most common greenhouse gas, reached a new high last year of 397.7 parts per million, the data showed. The organization also reported that global CO2 averages recorded in the spring of 2015 “crossed the symbolically significant” 400-ppm barrier. “We will… Keep Reading

McCaskill Shows Solidarity With Mizzou Anti-Racist Movement

UPDATE: Mizzou president Tim Wolfe announced his resignation, shortly after this article was published. Sen. Claire McCaskill (D-Mo.) said she supports students and faculty at the University of Missouri who this week are staging walkouts to protest the school’s handling of numerous allegations of racial abuse. McCaskill said Monday that she is “proud of the young people on this campus have decided they’re going to make a stand.” “It’s not their perception. There is systemic racism,” she said on CNN. “This administration has not prioritized some… Keep Reading

Senators Decry ‘Backroom Deal,’ Seek to Stop Copper Mine on Sacred Apache Lands

Three Senators are adding their names to the list of lawmakers seeking to block the sale of public land in Arizona to an offshore mining company, saying that the transaction infringes upon American Indians’ rights. The legislation, introduced by Sens. Bernie Sanders (I-Vt.), Tammy Baldwin (D-Wisc.), and Martin Heinrich (D-N.M.), would repeal a provision jammed into last year’s National Defense Authorization Act (NDAA) that green-lighted the purchase of portions of the Tonto National Forest Lands and Oak Flat for the purpose of building a foreign block… Keep Reading

Democratic Lawmaker Reacts To TPP: “Worse Than We Thought”

The White House released the full text of the Trans-Pacific Partnership (TPP) trade deal on Thursday, and it was immediately followed by shade cast from the President’s own party. In the earliest reaction to the release of the pact, Rep. Louise Slaughter (D-N.Y.) took to social media with the hashtag #TPPWorseThanWeThought. “#TPP e-commerce chapter undermines consumer #privacy for sensitive personal data (health, financial, and more),” she tweeted Thursday morning. Now that all 30 chapters and 2,000 pages of the deal are out in the open,… Keep Reading

Fed Chair Pressured To Complete Long Overdue Rules On Banker Pay Incentives

Federal Reserve chair Janet Yellen said Wednesday that it was “very challenging” to implement a Dodd-Frank rule that regulators were ordered to formulate to stop the encouragement of risky behavior through pay incentives. Yellen noted that multiple agencies have been “involved in trying to come up with this,” and said other actions taken by the Fed have stopped destabilizing activity. She was asked about the lack of rule-making during a House Financial Services Committee hearing by Rep. Michael Capuano (D-Mass.) in an exchange that got… Keep Reading

More Americans Agree with Bernie, Say ‘Enough with the Damn Emails’

House Benghazi Select Committee chair Trey Gowdy (R-S.C.) may have earned plaudits from his colleagues for overseeing an Oct. 22 eleven-hour grilling of presidential frontrunner Hillary Clinton. But the American people appear to collectively believe the public hearing was a song-and-dance; a waste of time. According to the results of an NBC News/Wall Street Journal poll released on Tuesday, 42 percent of Americans said days after the hearing that they believed Clinton’s use of a private email server while Secretary of State is “important,” with 37… Keep Reading

Sacked Contractor Worker to Test Temporary Whistleblower Safeguards

A former US Forest Service (USFS) contractor employee asked a federal appeals judge to review his rejected whistleblower complaint, citing temporary legal protections granted to federal contract workers. Public Employees for Environmental Responsibility (PEER) said on Monday that it filed the litigation on behalf of Terry Schaedig, who alleged he was terminated for reporting “gross mismanagement” of federal lands by his boss. In a US Department of Agriculture whistleblower retaliation complaint lodged in 2014 by Schaedig, he claimed to have earned the ire of superiors… Keep Reading

If There’s A “War On Coal,” Dem Sens Ask Obama to Step it Up

Eight liberal senators asked the Obama administration to exact a higher cost on coal producers leasing mining rights on federal lands. The lawmakers appealed to Secretary of the Interior Sally Jewell to tweak policies to better account for the impact of coal production on the United States. “Until the market price for coal reflects its true cost to society, taxpayers will continue to bear the costs of more extreme weather, collapsed ecosystems, stranded infrastructure, increased incidences of heart and lung disease, and other effects of… Keep Reading

Ryan Claims Gavel Of “Broken” House, Pledges Return To Regular Order

Moments after being elected Speaker of the House, Rep. Paul Ryan (R-Wisc.) called for reconciliation within his Republican caucus, and then gave a nod to more conservative members by promising to change how the chamber conducts business. The Wisconsin legislator took over for a typically emotional John Boehner (R-Ohio) during Thursday proceedings. Boehner, who had announced his imminent resignation last month, officially stepped down after years of bitter fighting with the party’s right flank. In the 114th Congress, that feud reached a fevered pitch following… Keep Reading

Bernie First Candidate To Call For Removing Marijuana From D.E.A. Schedules

Vermont Senator and presidential hopeful Bernie Sanders put forward a policy Wednesday to take marijuana off the Drug Enforcement Administration’s schedule of controlled substances—a move that would prohibit federal authorities from cracking down on pot users and suppliers, and pave the way for states to regulate the substance like alcohol or tobacco. While other candidates in the race, including Former Maryland Gov. Martin O’Malley, have called for marijuana to be reclassified from its current status as a schedule 1 drug—the most dangerous according to the… Keep Reading

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