News Releases

“The Super Bowl Windfall Myth”

SuperBowl600MNEIL deMAUSE, neil at demause.net, @neildemause
Neil deMause runs the stadium news website Field of Schemes, and co-authored the book of the same name. He wrote the piece “It’s the Local Economy, Stupid!” for Sports on Earth.

His most recent piece is “The Super Bowl Windfall Myth” for FAIR, which states: “With Super Bowl Sunday approaching, expect plenty of media reports on the projected economic windfall for host city Glendale, Arizona. Last year, when the NFL announced that its big game would provide a $600 million boost to the New York/New Jersey economy, that figure promptly became a fixture in news coverage of the event (CNN, 1/24/14; Newsday, 1/22/14; FoxNews.com, 5/21/14). …

“Never mind that numerous economists have looked in vain for any evidence that Super Bowl host cities strike it rich. In one study, Holy Cross economist Victor Matheson (12/09) calculated that through 2001, the average increase in economic activity during each Super Bowl was about $30 million. Lake Forest College economist Robert Baade has found similar numbers, telling the Associated Press (1/27/14) that you could ‘move the decimal point one place to the left’ on the NFL’s claims and still have ‘a generous appraisal of what the Super Bowl generates.’

“And that’s economic activity, the total amount of money changing hands within city limits — not the amount that comes back to city coffers. When University of Maryland economist Dennis Coates (International Journal of Sport Finance, 2006) studied the 2004 Super Bowl, he found that added sales tax revenues in host Houston totaled about $5 million — well under the $30 million to $70 million that cities spend on increased police presence and other services for the game (USA Today, 1/25/15).

“Economists have provided similarly dismal results for other sporting events, with major sporting events failing to make a dent in everything from local sales tax receipts to per capita income. (One study of sports strikes and lockouts failed to find any measurable impact on local economies even when local teams shut down entirely.) The most likely explanation: Increased spending on sports is largely balanced by reduced spending on other entertainment options, and even new spending quickly leaks out of the local economy into the pockets of out-of-town sports leagues.”

See deMause’s full piece for a list of examples.

Trade Deal Hits Protests at Congressional Hearing

The program “Democracy Now!” reports: “The top U.S. trade official has told lawmakers the 12-nation Trans-Pacific Partnership trade deal could be wrapped up within months and urged Congress to give the White House fast-track authority to approve the deal. Protesters with the group Flush the Trans-Pacific Partnership repeatedly interrupted U.S. Trade Representative Michael Froman’s testimony before Congress. The protesters — Dr. Margaret Flowers, Kevin Zeese and retired steelworker Richard Ochs — were all arrested after being removed from the hearing.”

MARGARET FLOWERS, M.D., mdpnhp at gmail.com, @MFlowers8
KEVIN ZEESE, kbzeese at gmail.com, @KBZeese
Flowers and Zeese are with the group PopularResistance.org. For more details and video of their action, see the piece ”Activists Disrupt Senate Finance Committee Hearing over U.S. Trade Rep’s push to “Fast Track” the TPP,” which states: “The legislation, which Obama requested from both parties during last week’s State of the Union address, would limit congressional oversight of the Administration’s free trade agreements and is widely opposed by hundreds of environmental, labor, public health, food safety, and faith groups nationwide.

“Protesters wore shirts reading ‘No Fast Track’ and held signs stating ‘Froman lies,’ a response to the ambassador’s recent claims that Fast Track is the ‘best tool to ensure that Congress and the public have ample time to give our trade agreements the public scrutiny and debate they deserve.’ Past versions of Fast Track legislation, including one introduced with little support last January, limits the amount of time Congress has to consider agreements and suspends their ability to make amendments to the texts.”

Flowers and Zeese also recently wrote: “Fast Track Not A Done Deal, The People Will Stop It,” which states: “Across the political spectrum there is mass opposition to fast tracking the secretly negotiated TPP, the Transatlantic Trade and Investment Partnership (TTIP, aka TAFTA) and the Trade in Services Agreement (TISA). People remember the impact of NAFTA on job loss, destruction of Mexican agriculture, expansion of inequality, environmental degradation and increased immigration. The most recent South Korean trade pact, which Obama touts as a success, is leading to similar results of lost jobs and an expanding U.S. trade deficits.”

BREAKING — CIA Whistleblower Jeffrey Sterling Convicted on All Nine Counts

This afternoon CIA whistleblower Jeffrey Sterling was convicted of all nine of the remaining counts he was facing.

Special coverage continues from ExposeFacts – The Latest – providing in-depth news and analysis at: http://exposefacts.org/blog/the-latest

Marcy Wheeler reports: “The government engaged in a great deal of security theater during the Jeffrey Sterling trial, most notably by having some CIA witnesses — including ones whose identities weren’t, technically, secret — testify behind a big office divider so the general public couldn’t see the witness. But along the way, the government revealed a great number of secrets, including a number of secrets about how its counterproliferation programs work.”

Norman Solomon writes: “Many of the two-dozen witnesses from the Central Intelligence Agency conveyed smoldering resentment that a whistleblower or journalist might depict the institution as a bungling outfit unworthy of its middle name. Some witnesses seemed to put Sterling and journalist James Risen roughly in the same nefarious category — Sterling for allegedly leaking classified information that put the CIA in a bad light, and Risen for reporting it. . . . If Sterling goes to prison, a major reason will be that the CIA leadership is angry about being portrayed as an intelligence gang that can’t shoot straight.”

Wheeler and Solomon — who wrote about the intertwined stories of Sterling and New York Times reporter James Risen in an in-depth article for The Nation – are available for a limited number of interviews.

MARCY WHEELER, emptywheel at gmail.com, @emptywheel
Wheeler writes widely about the legal aspects of the “war on terror” and its effects on civil liberties. She is the “Right to Know” investigative journalist for ExposeFacts and blogs at emptywheel.net.

NORMAN SOLOMON, solomonprogressive at gmail.com
Solomon is a co-founder of RootsAction.org and executive director of the Institute for Public Accuracy. He is the author of War Made Easy: How Presidents and Pundits Keep Spinning Us to Death.

ExposeFacts is a project of IPA.

U.S.-India Nuclear Deal * Subsidizes Industry * Leaves Victims Vulnerable * Violates NPT

Al Jazeera reports: “Critics have expressed concern after U.S. President Barack Obama announced a breakthrough agreement with India on civilian nuclear cooperation, saying little is known about the deal and it’s unclear whether compensation would be paid to victims of any nuclear disaster.”
Reuters reports Daniel Roderick, president and CEO of Toshiba-backed Westinghouse, called the deal a “breakthrough.”

ROBERT ALVAREZ, kitbob at erols.com
Available for a limited number of interviews, Alvarez is a specialist in nuclear policy, a former senior policy adviser to the U.S. Secretary of Energy and now a senior scholar at the Institute for Policy Studies.He said today: “This agreement to shield U.S. corporations from liabilities due to negligence provides nuclear accident victims with little to no chance for compensation. In doing so, it leaves potential victims of a nuclear accident in the same fix as the real victims of the Bhopal chemical catastrophe. The liability limit is capped at $122 million — 80 times less the limit set in the U.S. for nuclear accidents.

“Last year, a study by the the U.S. Nuclear Regulatory Commission estimated that a major accident involving a spent nuclear fuel pool fire in the U.S. would impact 9,400 square miles with a long term displacement of 4,000,000 persons. Even though the probability of such accidents is considered to be extremely low, private insurance refuses to cover nuclear power plants. In a developing nation, such as India, fear of liability from nuclear accidents is much greater than in the U.S. due to the lack of a robust nuclear safety infrastructure.”

ALICE SLATER, aslater at rcn.com
Slater is with the Nuclear Age Peace Foundation and the Abolition 2000 coordinating committee. She said today: “Selling nuclear technology to India violates the Non-Proliferation Treaty’s prohibition on providing ‘peaceful’ nuclear technology to non-NPT parties.

“India, together with Pakistan and Israel, never signed the Non-Proliferation treaty so the U.S. is violating its treaty obligations by promoting nuclear power sales in India. And the U.S. has also received a commitment from India to pass limited liability laws for nuclear reactor manufacturers, as the manufacturers of this toxic technology are unwilling to bear the full financial burden of any potential Fukushima or Chernobyl-type catastrophe. Obama has thus enabled the reactor manufacturers to peddle their toxic technology to India with the possibility of inflicting new nuclear nightmares upon Asia without any crippling financial liability for the manufacturers should a future nuclear meltdown occur.

“Finally, by encouraging India to go nuclear the U.S. is actually exacerbating climate change, since by not investing in this costly and unforgiving nuclear technology, the world could avoid much more toxic carbon pollution by investing those costly sums in solar, wind, hydro, geothermal energy technology and efficiency measures, which begin earning those carbon savings much more swiftly.”

Also, see IPA news release: “Gandhi Derides Policies of Materialism and Militarism” featuring Arun Gandhi, grandson of Mahatma Gandhi.

CIA Leak Trial in Jury’s Hands

The jury in the historic trial of CIA whistleblower Jeffrey Sterling is scheduled for its second full day of deliberations today.

Special coverage continues from ExposeFacts – The Latest – providing in-depth news and analysis at: http://exposefacts.org/blog/the-latest/

Marcy Wheeler reports: “The government engaged in a great deal of security theater during the Jeffrey Sterling trial, most notably by having some CIA witnesses — including ones whose identities weren’t, technically, secret — testify behind a big office divider so the general public couldn’t see the witness. But along the way, the government revealed a great number of secrets, including a number of secrets about how its counterproliferation programs work.”

Norman Solomon writes: “Many of the two-dozen witnesses from the Central Intelligence Agency conveyed smoldering resentment that a whistleblower or journalist might depict the institution as a bungling outfit unworthy of its middle name. Some witnesses seemed to put Sterling and journalist James Risen roughly in the same nefarious category — Sterling for allegedly leaking classified information that put the CIA in a bad light, and Risen for reporting it. . . . If Sterling goes to prison, a major reason will be that the CIA leadership is angry about being portrayed as an intelligence gang that can’t shoot straight.”

Wheeler and Solomon — who wrote about the intertwined stories of Sterling and New York Times reporter James Risen in an in-depth article for The Nation – are available for a limited number of interviews.

MARCY WHEELER, emptywheel at gmail.com, @emptywheel
Wheeler writes widely about the legal aspects of the “war on terror” and its effects on civil liberties. She is the “Right to Know” investigative journalist for ExposeFacts and blogs at emptywheel.net.

NORMAN SOLOMON, solomonprogressive at gmail.com
Solomon is a co-founder of RootsAction.org and executive director of the Institute for Public Accuracy. He is the author of “War Made Easy: How Presidents and Pundits Keep Spinning Us to Death.”

ExposeFacts is a project of IPA.

Anti-Austerity Left Wins in Greece: Saves Capitalism?

COSTAS PANAYOTAKIS, cpanayotakis at gmail.com
Panayotakis is professor of sociology at the New York City College of Technology of the City University of New York and author of Remaking Scarcity: From Capitalist Inefficiency to Economic Democracy. He said today: “The result of the Greek election is a resounding rejection of the austerity policies that have had devastating economic and social consequences. Having received over 35 percent of the vote, Syriza, Greece’s leading party of the anti-austerity left, is poised to form a government in coalition with a smaller party of the anti-austerity right and to challenge the austerity policies imposed throughout the eurozone. In so doing, the Greek election could prove an important turning point, further fueling the rise of anti-austerity forces of the left in Spain, Ireland and beyond.”

MARK WEISBROT, via Dan Beeton, beeton at cepr.net, @Dan_Beeton
Weisbrot is co-director of the Center for Economic and Policy Research. See their new statement “Syriza Victory in Greece Could Be a ‘Historic Turning Point’ for Eurozone Economic Policy, CEPR Co-Director Says.” Weisbrot recently co-wrote the report “The Greek Economy: Which Way Forward?

JAMES HENRY, jhenry at sagharbor.com, @submergingmkt
Available for a limited number of interviews, Henry is senior economic advisor for the Tax Justice Network and senior fellow at Columbia University’s Center on Sustainable Investment. He is also managing partner at the Northern Environmental Law Center and former chief economist at the international consultancy firm McKinsey & Co.

He said today: The ironic story of the Greek election is the fact that it is the European ‘radical’ left that is standing up for reality-based capitalism — one that doesn’t try to live off unsustainable debt — one that doesn’t simply benefit BMW and Volkswagen and Deutsche Bank and BNP [France's largest bank] — one that doesn’t tolerate corruption and tax evasion and Swiss private banking.

“In contrast, the ECB [European Central Bank] and the EU are insisting (a) that ordinary Greeks sustain more pain to service a foreign debt that stands at 175 percent of GDP; (b) that [Mario] Draghi and the ECB have nothing to offer other than printing more money; (c) that Greece must continue to service its unsustainable debts even though three years of extreme suffering have not restarted growth.

“This was politically unsustainable. It is equally unsustainable in Spain, where the left has surged; in Portugal; in Italy; in Eastern Europe. The left’s victory in Greece was essential — because the only alternative was the rise of Golden Dawn, the neofascist party.

“Elsewhere, all over Europe, the extreme right is on the march. Anti-immigrant feelings are at a high, from Hungary to Germany to the UK to the Netherlands, fueled by the EU’s incompetent austerity programs of the last seven years. The financial press is completely upside down about the left’s victory in Greece — it is to be celebrated, not bemoaned.”

ERIC LeCOMPTE, via Sophia Har, sophia at jubileeusa.org, @jubileeusa
LeCompte is executive director of Jubilee USA Network – “an alliance of more than 75 U.S. organizations and 400 faith communities working with 50 Jubilee global partners. Jubilee’s mission is to build an economy that serves, protects and promotes the participation of the most vulnerable.” See their statement on the Greek election.

Saudi Monarch’s Death: A Chance for Democracy?

Presidents Bush and Obama with King Abdullah of Saudi Arabia

Presidents Bush and Obama with King Abdullah of Saudi Arabia

ALA’A SHEHABI, alaa at bahrainwatch.org, @alaashehabi
Shehabi is with Bahrain Watch. She said today: “We hope things will change — Saudi Arabia has been an obstacle for Arab democracy in Syria, Bahrain, Egypt and throughout the region.”

ALI AL-AHMED, director at gulfinstitute.org, @AliAlAhmed_en
Director of the Institute for Gulf Affairs, al-Ahmed tweeted about the death of King Abdullah several hours before it was confirmed by Saudi officials yesterday. Reuters reported late yesterday afternoon (just before 5:00 p.m. ET): “A member of the royal family wrote: ‘I give you good news. The Custodian of the Two Holy Mosques is fine and there is no truth to the rumors going around.’”

Al-Ahmed features regular dissent and criticism of the Saudi regime on his Twitter feed. He was featured on the IPA news release last year: “13 Years After 9/11: Has ISIS Been ‘A Saudi Project’?

JAMAL GHOSN, jamgho at gmail.com, @jamalghosn
Managing editor of Al-Akhbar, Ghosn said today: “Internally, the reign of Abdullah saw the violent oppression of the already marginalized Shia minority in the oil rich eastern region of Saudi Arabia. This is in addition to thousands of political prisoners that are held throughout the Kingdom. Then there’s the ludicrous terrorism charges against women drivers, the fact that up to a quarter of the Saudi population are living under the poverty line, and the underdeveloped infrastructure that has seen people die because of rain in places like Jeddah.

“Regionally, Al-Qaeda in Iraq — and what it has evolved into — has to be Abdullah’s biggest legacy. That and the Saudi money spent on global Wahhabi daawa [proselytizing] have left the world with a mutant religion that will wreak havoc for years to come.

“But what I think is most overlooked so far is that even this relatively minor amount of criticism won’t appear on Arabic language media. Saudi money practically has a monopoly over Arabic language mass media. Even those who disagree with KSA at times — i.e. Qatari and Iranian media — tend to be hesitant in taking on the Saudi royal family. Access to a publication like Al-Akhbar, which has no qualms about publishing criticism of Saudi Arabia and its royal family, is blocked in the Kingdom.”

SOTU: How Trade Deal Undermines Obama’s Stated Agenda

LORI WALLACH, via Symone Sanders, ssanders at citizen.org, @PCGTW
Wallach is director of Public Citizen’s Global Trade Watch, which just put out the memo “Obama vs. Obama: The State of the Union’s Self-Defeating Trade Pitch,” which contrasts Obama’s stated goals of job creation, reduced income inequality, more affordable healthcare and better regulation of Wall Street with his call for “Fast Tracking the Trans-Pacific Partnership (TPP) — a controversial ‘trade’ deal that would undermine all of the above.” It is largely backed by establishment Democrats and establishment Republicans, while many progressives and populists in each party are opposed.

Obama on Income Inequality: “Will we accept an economy where only a few of us do spectacularly well? Or will we commit ourselves to an economy that generates rising incomes and chances for everyone who makes the effort?” Global Trade Watch states: “An ‘economy where only a few of us do spectacularly well’ is actually the projected outcome of the TPP. A recent study finds that the TPP would spell a pay cut for all but the richest 10 percent of U.S. workers by exacerbating U.S. income inequality, just as past trade deals have done.”

Obama on the Legacy of Past Trade Deals: “Look, I’m the first one to admit that past trade deals haven’t always lived up to the hype, and that’s why we’ve gone after countries that break the rules at our expense.” Says Global Trade Watch: “Past trade deals have resulted in massive trade deficits and job loss not because the pacts’ rules have been broken, but because of the rules themselves. The TPP would double down on NAFTA’s rules — the opposite of Obama’s promise to renegotiate the unpopular pact — by expanding NAFTA’s offshoring incentives, limits on food safety standards, restrictions on financial regulation and other threats to American workers and consumers.

Obama on Internet Freedom: “I intend to protect a free and open Internet…” Global Trade Watch states: “The TPP includes rules that implicate net neutrality and that would require Internet service providers to police our Internet activity — rules similar to those in the Stop Online Piracy Act (SOPA) that was rejected as a threat to Internet freedom.”

Obama on National interests: “But as we speak, China wants to write the rules for the world’s fastest-growing region. That would put our workers and businesses at a disadvantage. Why would we let that happen?” Global Trade Watch states: “With the TPP, multinational corporations want to write the rules that would put our workers at a disadvantage and undermine our national interests. TPP rules, written behind closed doors under the advisement of hundreds of official corporate advisers, would provide benefits for firms that offshore American jobs, help pharmaceutical corporations expand monopoly patent protections that drive up medicine prices, give banks new tools to roll back Wall Street regulations, and empower foreign firms to ‘sue’ the U.S. government over health and environmental policies. Why would we let that happen?”

Wallach also wrote “SOTU Schizophrenia: Middle-Class Jobs vs. Fast Track and TPP.”

MANUEL PÉREZ-ROCHA, manuel@ips-dc.org
Associate fellow at the Institute for Policy Studies, Pérez-Rocha wrote the articles “NAFTA Pushes Many Mexicans to Migrate” and “NAFTA’s 20 Years of Unfulfilled Promises: The trade deal has become an engine of poverty in Mexico.”

DAVID BACON, dbacon at igc.org
Bacon‘s books include The Right to Stay Home: How U.S. Policy Drives Mexican Migration. He recently wrote the piece “The Workers’ Scorecard on NAFTA,” which states: “The head of the mineros, Napoleon Gomez Urrutia, was forced to flee to Canada when the government threatened to arrest him after he’d condemned an explosion in a mine belonging to one of Mexico’s wealthiest families as ‘industrial homicide.’ Meanwhile, a new mining law led to the sale of mining concessions, primarily to huge Canadian companies, covering more than one-third of Mexico’s entire territory.”

Bacon said today: “It’s more than ironic that the President acknowledges the injustice of U.S. immigration policy, and has taken measures to spare at least some people from deportation. Yet he continues to push exactly the same trade policies, in this case the Trans Pacific Partnership, that have displaced millions of people in Mexico and Central America, forcing them into migration as their only alternative for survival. We need instead an immigration policy that permanently protects people’s rights, and that ends economic policies that deepen poverty while large corporations make even greater profits.”

End of “Yemen Model” — and Yemen?

AP reports: “The U.N. Security Council called for a lasting cease-fire in conflict-torn Yemen on Tuesday and condemned the recent surge in violence aimed at undermining the country’s legitimate government institutions. … Violence has gripped Yemen’s capital, Sanaa, since Monday and has been described as a coup. Yemeni authorities say Shiite Houthi rebels shelled Hadi’s residence and raided the presidential palace on Tuesday.”

FAREA AL-MUSLIMI, falmuslimi at gmail.com, @almuslimi
Al-Muslimi is a Yemeni youth activist, writer, and consultant who has testified at a Senate hearing and was featured on an IPA news release titled “Iraq: Is Yemen the Model?” last year. Some of his tweets today include: “Three years of Yemen straight walking toward #Hell via GCC [Gulf Cooperation Coucil] deal.” “Like it or not, admit it or fake it by new fake UN agreement, we are simply witnessing the END of The Republic of Yemen. #Yemen #Houthis.”

BARAA SHIBAN, baraashiban at gmail.com, @BShtwtr
Shiban is a member of the Yemeni National Dialogue Conference and is the British-based group Reprieve’s project coordinator in Yemen. He said today: “The recent actions by Houthi rebels who gained support of the deposed President Saleh, is an announcement of a full coup. The elected president is under house arrest, military personnel have left the streets and the Houthi Militia are in control now. This will fuel the tensions in the other provinces and I see that we will be living a year of chaos in Yemen.” Shiban’s pieces include “Drone Strikes in Yemen are an Obstacle to Democracy.”

MATTHEW HOH, mphoh1 at yahoo.com
Hoh, a State Department whistleblower, said today: “You don’t have to be an expert on Yemen, the Middle East, Islam or foreign policy in general to realize that what is occurring in Yemen is similar to what is occurring throughout the Greater Middle East. Decades of American interventionist policy, that can be at best be described as inept meddling, with roots going back to the overthrow of the democratically elected government of Iran in 1953 and the establishment of the Shah’s authoritarian police state, have created, fostered and sustained sectarian, ethnic and religious conflicts that have birthed repressive regimes, extremist terror groups and genocidal civil wars throughout the Middle East. Yemen is one more glaring example of failed American policy in the Middle East, perhaps all the more tragic and absurd as Yemen was cited as an example of success by President Obama when he authorized his seventh bombing of a Muslim nation, Syria, last year.”

Hoh, a senior fellow at the Center for International Policy, previously directed the Afghanistan Study Group, a collection of foreign and public policy experts and professionals advocating for a change in U.S. policy in Afghanistan. Prior to that, Hoh served with the U.S. Marine Corps in Iraq and on U.S. Embassy teams in both Afghanistan and Iraq.

In July, President Obama stated in his remarks about sending troops to Iraq: “You look at a country like Yemen — a very impoverished country and one that has its own sectarian or ethnic divisions — we do have a committed partner in President Hadi and his government. And we have been able to help to develop their capacities without putting large numbers of U.S. troops on the ground, at the same time as we’ve got enough CT, or counterterrorism, capabilities that we’re able to go after folks that might try to hit our embassy or might be trying to export terrorism into Europe or the United States.

“And looking at how we can create more of those models is going to be part of the solution in dealing with both Syria and Iraq. …” See IPA news release: “Iraq: Is Yemen the Model?

SOTU: * Perpetuating War * Progressive Posturing

KATHY KELLY, kathy at vcnv.org, @voiceinwild
CNN.com published a piece today by Noam Chomsky: “Paris attacks show hypocrisy of West’s outrage,” which refers to “Barack Obama’s global assassination campaign targeting people suspected of perhaps intending to harm us some day, and any unfortunates who happen to be nearby” as “the most extreme terrorist campaign of modern times.”

Co-coordinator of Voices for Creative Nonviolence, Kelly was recently sentenced to three months in prison for protesting against such drone killings. She has been told to “self-report” by the court on Jan. 23.

Recently in Afghanistan, Kelly is currently in Chicago. Her most recent piece is “Inside the Uniform, Under the Hood, Longing for Change,” in which she writes: “The cartoonized versions of foreign policy handed to U.S. people, designating heroes and villains, create a dangerously under-educated public unable to engage in democratic decision-making.” She also recently wrote the piece “Drones and Discrimination: Kick the Habit.”

DAVID LINDORFF, dlindorff at mindspring.com

The Washington Post reports: “Obama rediscovers a progressive agenda for the State of the Union.”

Lindorff is founding editor of the online alternative newspaper ThisCantBeHappening!

He just wrote in “Taking a Meaningless Progressive Stand in Congress“: “The Democrats are showing their true colors now that they have lost control of both houses of Congress.

“Suddenly, with the assurance that they don’t have to worry about being taken seriously, the ‘party of the people’ has come forward with a proposal to levy a 0.1 percent tax on short-term stock trades, particularly on high speed trading.

“Don’t get me wrong. A stock-trade tax is a great, and long-overdue idea. In fact, such a tax, which could raise some $800 billion in revenue over a decade, should probably be bigger than just 0.1 percent, and targeted more directly at high speed trading. …

“The point is that this trading tax is something that progressives have been calling for now for years, if not longer, but while they were in a position to actually make it happen, Democrats in Congress were silent about it.”

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