Roll Call – Red Wave Press https://redwave.press We need more than a red wave. We need a red tsunami. Thu, 31 Oct 2024 20:50:01 +0000 en-US hourly 1 https://wordpress.org/?v=6.6.2 https://redwave.press/wp-content/uploads/2024/09/cropped-Favicon-32x32.png Roll Call – Red Wave Press https://redwave.press 32 32 Democrats Fight for Foothold in Increasingly Conservative Ohio https://redwave.press/democrats-fight-for-foothold-in-increasingly-conservative-ohio/ https://redwave.press/democrats-fight-for-foothold-in-increasingly-conservative-ohio/#respond Thu, 31 Oct 2024 20:50:01 +0000 https://redwave.press/democrats-fight-for-foothold-in-increasingly-conservative-ohio/ Dave Bradley remembers the day he met Ohio Sen. Sherrod Brown.

It was back in 2010, during Brown’s first term, and Bradley was at the now-shuttered GE Lighting plant in Bucyrus, Ohio, where he worked and where the company was investing in fluorescent lighting manufacturing.

The expansion marked an increase in Ohio manufacturing jobs. Bradley recalls Brown greeting attendees at the door.

“It meant a lot to me that he came out for that because it was a significant thing we were doing for Ohio manufacturing,” Bradley said. “And I was glad that he was there to encourage that type of activity.”

Bradley, 64, of Galloway, Ohio, recalled the interaction outside of an early voting location in Franklin County last week after casting his vote for Brown. […]

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Trump Floats US Sovereign Wealth Fund as Part of Economic Pitch https://redwave.press/trump-floats-us-sovereign-wealth-fund-as-part-of-economic-pitch/ https://redwave.press/trump-floats-us-sovereign-wealth-fund-as-part-of-economic-pitch/#respond Sun, 08 Sep 2024 16:03:33 +0000 https://economiccollapse.report/trump-floats-us-sovereign-wealth-fund-as-part-of-economic-pitch/ Former President Donald Trump in a speech to business leaders on Thursday called for the creation of a U.S. sovereign wealth fund, a government-owned investment fund, to finance “great national endeavors.”

While offering few details, Trump said the fund would would yield a “gigantic profit” that could help “pay down the national debt” — an unmet goal from his 2016 campaign.

Sovereign wealth funds are prevalent throughout the industrialized and developing world, with the largest ones residing in oil-rich states like Norway, Saudi Arabia and other Persian Gulf nations as well as China, Singapore and Hong Kong.

“Why don’t we have a wealth fund? Other countries have wealth funds. We have nothing,” Trump said during his speech to The Economic Club of New York, adding that the U.S. fund would be financed by tariffs “and other intelligent things.”

According to the Sovereign Wealth Fund Institute, roughly 100 funds currently manage nearly $13 trillion in assets. That includes a handful of U.S. states including Alaska, Texas, New Mexico and others which have set up their own types of government-run funds initially financed by oil, gas and mineral resources. Trump now wants to do the same at the federal level. […]

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