News May 14

Senator Sanders

JP Morgan The $2 billion loss at JPMorgan Chase is the latest proof that banks can't police themselves and that their trading risks threaten the financial system. Sen. Bernie Sanders is pushing for the breakup of the nation's six biggest banks to prevent another "too-big-to-fail" bailout. USA Today and Business Journal reported. LINK, LINK

Save Social Security On Tuesday one of America's wealthiest men, Peter G. Peterson, will lecture the rest of us about why the federal deficit is the most serious problem facing our country ... I'll be outside Peterson's Fiscal Summit with Sen. Sanders and ... others who disagree," Roger Hickey of Campaign for America's Future blogged at The Huffington Post. LINK

Make-a-Wish Burlington broke the Guiness Book of World Records for the most people dunking cookies in milk at the same time. Gov. Peter Shumlin, Sen. Sanders and Burlington Mayor Miro Weinburger dunked the giant cookie for a great cause. The Vermont Make-a-Wish foundation put on the event, ABC 22 and Fox 44 reported. VIDEO

Congressional Travel Sens. Patrick Leahy and Sanders and Rep. Peter Welch "are relatively modest in their travel habits and describe most of their journeys, both domestic and foreign, as being of value for the work they do in Congress," VT Digger reported. LINK

Bernie is ‘Outstanding' Any good politician knows the importance of finding common ground with a local audience. In recent weeks, President Obama has praised Sens. Leahy and Sanders as "outstanding senators..." And so on, according to The Associated Press. LINK

National

JPMorgan Fires Traders Stung by a huge trading loss, JPMorgan Chase will replace three top traders starting Monday in an effort to stem the ire that the bank faces from regulators and investors, The New York Times reported. LINK 

FDA Panel Recommends Drug to Prevent HIV For the first time in the 30-year battle against the HIV epidemic, a panel of experts has recommended that the Food and Drug Administration approve a drug to give to healthy people to protect against the infection, The Washington Post reported. LINK

Vermont

F-35s Intensely mixed reviews on the fighter jet's environmental and economic impacts will surface at a public hearing this evening hosted by the U.S. Air Force at South Burlington High School, the Burlington Free Press reported. LINK

Medicare Cuts Hit Rutland Rutland Regional Medical Center will likely have to close its inpatient rehabilitation unit.  With Medicare reimbursements declining, hospital officials say the service has become too costly to continue and patients can get the care elsewhere, Vermont Public Radio reported. LINK 

Vermont Yankee Officials from the U.S. Nuclear Regulatory Commission will be in Brattleboro on May 23 to talk about their annual safety assessment of the Vermont Yankee nuclear plant, Vermont Public Radio reported. LINK

Vermont Dollar Stores While Wal-Mart has managed to open only four stores in Vermont and Target still has none, more than two dozen Dollar General, Dollar Tree and Family Dollar stores have cropped up around the state. All three companies are thriving in the bad economy, The New York Times reported. LINK