The debate on re-enacting the Glass-Steagall Act in the United States has become very hot over the past weeks, in particular around the Senate confirmation of Steven Mnuchin as Treasury Secretary. At the Senate Finance Committee hearing on the issue on Jan. 19, Democratic Senator Maria Cantwell used the entire time allotted to her to confront the former Goldman Sachs banker on separating commercial banks from investment banks, which was widely covered in the media. Asked point-black “do you support returning to Glass-Steagall”, Mnuchin replied: “No, I don’t support going back to Glass-Steagall as is.”
One of the departing Obama Administration’s last acts of hostility towards Russia was Vice-President Joe Biden’s Jan. 16, 2016 visit to Kiev, where he declared that “the international community must continue to stand as one against Russian coercion and aggression.” Biden, as well as President Obama of course, had actively supported the Feb. 2014 coup against President Yanukoych from the beginning.
A preliminary assessment of Donald Trump’s inaugural address was written on Jan. 21 by the International President of the Schiller Institute Helga Zepp-LaRouche for the German weekly Neue Solidarität. We provide a few excerpts, in draft translation, below.
After the most venomous transition period in recent U.S. history, marked by unprecedented “fake” news and slanders, as well as continued attempts to launch a color revolution against the President-elect, Donald Trump was inaugurated President of the United States on Jan. 20. His swearing-in speech was a mixed bag of pledges and threats, under the overriding theme of “America First”, with little said of the rest of the world.
Barack Obama, Hillary Clinton, CIA Director John Brennan, political figures in both parties, as well as the mainstream U.S. media have still not tired of blaming Hillary Clinton’s loss of the presidential election on “hacking” by Russian intelligence and President Putin. Brennan claimed that “there is a strong consensus [among intel chiefs] on the scope, nature and intent of Russian interference in our presidential elections.”