News February 10

Senator Sanders

Corporate Greed Sen. Bernie Sanders “took a stand against corporate greed” by introducing legislation last week to stop corporations from sheltering income in the Cayman Islands and to end tax breaks for companies that ship jobs overseas. The AFL-CIO president said Sanders’ legislation "would increase investment, employment, and wages in the United States." The bill would raise more than $590 billion in revenue over the next decade – eliminating the need for nearly half the proposed austerity looming in the sequester, Thom Hartmann wrote for Truth Out. LINK

A Choice for Corporate AmericaWhen the greed, recklessness, and illegal behavior on Wall Street drove this country into the deepest recession since the 1930s, the largest financial institutions in the United States took every advantage of being American. They just loved their country – and the willingness of the American people to provide them with the largest bailout in world history” wrote Sen. Bernie Sanders in The Huffington Post. “But just two years later … the major financial institutions did everything they could to avoid paying American taxes by establishing shell corporations in the Cayman Islands and other tax havens.” LINK

Treasury Secretary Jack Lew, President Obama’s pick to be U.S. treasury secretary, is expected to come under fire for the administration's budget policies and a nearly $1 million bonus he received from bailed-out bank Citigroup when he testifies on Wednesday before a Senate panel vetting him for the job. Sanders, an independent who caucuses with the Democrats, has said he will vote against Lew, Reuters reported. LINK

Save the Post Office Sen. Sanders released a statement calling on the GOP leadership in the House to work with the Senate and bring meaningful reform to the Postal Service, according to The Nation. LINK

Best Tweeters in Congress The Business Insider said Twitter streams for members of Congress are mostly uninteresting but a few members have really committed to the medium. Sen. Sanders is among congressional tweeters “who are definitely worth following.”  Sanders constantly tweets facts about the budget and income inequality in the U.S. Every morning he tweets a daily update and news aggregation. LINK


Storm Leaves Northeast Reeling A gigantic midwinter storm buried the Northeast in snow on Saturday, leaving behind a debilitated and disoriented region digging through drifts and reeling from gale-force winds. More than three feet of snow fell on parts of Connecticut, and more than two feet accumulated on Long Island and in Massachusetts, causing coastal flooding that forced evacuations of some Massachusetts communities, The New York Times reported. LINK

State of the Union President Obama will concentrate his State of the Union speech Tuesday on the economy, shifting the emphasis away from the broad social agenda of his second inaugural address to refocus attention on a set of problems that vexed his first term. Several senior administration officials involved in the speech say he will use his fourth State of the Union address to talk about jobs after the national unemployment rate ticked up last month, The Washington Post reported. LINK


USPS In rural Vermont, the U.S. Postal Service decision to discontinue Saturday letter delivery is yet another blow to an institution that's long been a fixture of village life. Last year, the U.S. Postal Service abandoned plans to close thousands of small post offices, opting instead to cut hours. But there are fears the cuts will continue until the rural post office is no more, according to Vermont Pubic Radio. LINK