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Tina Posterli, 516-526-9371,
tposterli@riverkeeper.org
This week, the New York State Department of Environmental Conservation ("DEC") released draft regulations for industrial gas drilling in the Marcellus Shale by means of high-volume hydraulic fracturing, or "fracking." These come on the heels of DEC's Supplemental Generic Environmental Impact Statement ("SGEIS") on fracking released earlier this month.
A core principle of the state's environmental review statute is for environmental reviews to inform draft regulations. DEC fully acknowledged this in its July 1, 2011 preliminary version of the SGEIS, in which it indicated that it would release regulations after the SGEIS process is complete because it would then "be in a position to rationally determine what additional measures or procedures should become fixed principles that would supplement and improve the Department's existing regulatory framework." This statement is conspicuously absent in the September 1, 2011 version of the SGEIS, in which DEC announced that it was taking the irrational approach of issuing regulations simultaneously with the SGEIS. By issuing regulations at the same time as the SGEIS, DEC is depriving the public of the right to have their input on the mitigation measures suggested in the SGEIS fully considered before the agency proposes the regulations that would implement them.
To add insult to injury, DEC has still not committed to wait to begin permitting until its regulations are adopted. Paul Gallay, President and Hudson Riverkeeper, stated, "What the DEC stated in its July 1, 2011 SGEIS is a full admission that proves even they understand that doing the regulations and the environmental review at the same time is wrong. Removing the earlier language does not change a thing - what they said in July is what they must live by."
Under DEC's current proposal, comments on these draft regulations are due on December 12th - the same day as the deadline for public comments on the SGEIS - and DEC is holding combined hearings on the draft regulations and SGEIS. DEC also announced yesterday that it is seeking, at the very same time, comments on a third piece of the fracking regulatory regime, its draft general stormwater permit for fracking - yet another piece of the puzzle that should not be rushed.
The need for an adequate public comment period is particularly important since this may be the public's only chance to tell DEC how and if fracking should proceed in their communities. DEC permits for gas extraction do not allow for the same public participation as other DEC permits. The comment periods and hearings that DEC is holding for the draft SGEIS, regulations and fracking general stormwater permit may be the public's last chance to communicate their views on fracking. Thus, it is crucial that DEC give the public adequate time to be heard.
Kate Hudson, Riverkeeper Watershed Program Director, added, "These regulations represent a complete overhaul of forty year old oil and gas regulations that never contemplated fracking. Yet, DEC is forcing the public to formulate comments on these highly technical draft regulations and the 1500 page SGEIS in what is now less than 75 days. This is unfair and unreasonable. If DEC gets the regulatory framework for fracking in NY wrong, there will be no second chance. New York must not let arbitrary deadlines rush this critical process."
On substance, the draft regulations appear just as flawed as the SGEIS. As Riverkeeper pointed out previously, DEC's proposal contains inadequate protections for New York City's drinking water supply infrastructure and no viable plan for disposal of fracking-related hazardous wastes. Yet another indication that DEC is letting this process be driven by industry interests, rather than sound science.
The issue of whether to allow fracking in New York State is likely the most significant environmental issue New York has ever faced. DEC should take a hard look before they rush into the fracking process, which could devastate New York's water, air, and local communities. Riverkeeper urges DEC to honor the spirit and intent of New York's environmental review statute and public participation requirements and give science the opportunity to lead this process, rather than be driven by industry timing needs.
Riverkeeper protects and restores the Hudson River from source to sea and safeguards drinking water supplies, through advocacy rooted in community partnerships, science and law.
Data released by the University of Michigan and Gallup this week showed US consumer sentiment cratering even as stock markets hit record highs.
Multiple polls and surveys released in recent days have shown US consumer sentiment cratering—and all the while, the US stock market keeps hitting record highs.
The Kobeissi Letter, a financial newsletter, posted a graphic Saturday that matched consumer sentiment as measured by the University of Michigan's Surveys of Consumers with the performance of the S&P 500 stock index over a 30-year span.
The graphic shows that, up until around 2020, consumer sentiment matched stock market performance closely, although there was a large divergence between the two leading up to the 2008 financial crisis, where stocks briefly outperformed consumer sentiment before crashing downward as the housing bubble burst.
But throughout the last six years, the graphic shows, the S&P 500 has produced an almost continuous upward surge even as consumer sentiment spirals downward.
Absolutely incredible:
Over the last 6 years, the S&P 500 has risen +130% while US Consumer Sentiment has collapsed by -55%, to its lowest since data began in 1952.
We are witnessing the formation of the biggest wealth divide in modern history. https://t.co/XGMR6DfuNc pic.twitter.com/2w7cRvn7ok
— The Kobeissi Letter (@KobeissiLetter) May 23, 2026
"Absolutely incredible," commented Kobeissi Letter. "Over the last six years, the S&P 500 has risen +130% while US Consumer Sentiment has collapsed by -55%, to its lowest since data began in 1952. We are witnessing the formation of the biggest wealth divide in modern history."
Kobeissi Letter produced the graphic one day after the University of Michigan's latest survey found consumer sentiment hitting the lowest level on record.
Joanne Hsu, director of the survey, observed that "the cost of living continues to be a first-order concern, with 57% of consumers spontaneously mentioning that high prices were eroding their personal finances, up from 50% last month."
On the same day, Gallup published new data showing that Americans' economic confidence has fallen to its lowest level since October 2022, with just 16% of Americans rating the economy as excellent or good, and nearly half describing it as poor.
Axios reported on Saturday that even Republicans have been growing sour on the US economy, citing a recent poll from The Associated Press showing GOP approval of President Donald Trump on the economy to be at around 60%, down from 80% just three months ago.
"The growing GOP gloom could hardly come at a worse time for Trump and the party," Axios noted, "less than six months out from a midterm election that's likely to turn on the economy."
The gap between overall consumer sentiment and stock market performance also lines up with recent consumer spending trends. Data published by The Financial Times earlier this year showed that the top 10% of earners in the US now account for nearly half of all consumer spending, while the bottom 80% of earners now account for less than 40% of all consumer spending.
A February report from TD Economics economist Ksenia Bushmeneva noted that “the economic divide between America’s households at the top of the income spectrum and everyone else continued to widen last year,” as “upper-income households benefited from the still-robust wage growth, strong gains in equity markets, and better access to consumer credit.”
"Private equity is destroying our favorite baseball team, stripping them for parts," Democratic US Senate candidate Platner said in an ad that aired on the New England Sports Network.
Maine Democratic US Senate candidate Graham Platner on Saturday said that a campaign ad that aired during a Boston Red Sox game was "taken down" after it took aim at the team's ownership.
The ad in question features Platner discussing the role that private equity firms play in the US economy, including sports teams.
"Private equity is destroying our favorite baseball team, stripping them for parts," Platner says at the start of the ad. "Private equity is buying up our homes, our sports, and our lives. I will reverse the private equity curse."
Private equity is taking our homes. It's taking our hospitals. It's taking beloved local businesses and stripping them for parts.
And now private equity is running the Red Sox into the ground.
Our new ad ⬇️ pic.twitter.com/w7LapElpdA
— Graham Platner for Senate (@grahamformaine) May 22, 2026
Platner concludes the ad by saying that he approves this message "because I miss Mookie Betts," the star player whom the Red Sox traded to the Los Angeles Dodgers in 2020 in a deal that was widely decried by local fans as a salary dump.
According to Platner, his campaign began airing the ad Friday on the New England Sports Network (NESN), the cable TV station owned partially by Fenway Sports Group, the conglomerate that owns the Red Sox.
However, he said that "midway through the game the ad was taken down" by NESN, after which the Red Sox proceeded to blow a 4-0 lead, losing to the Minnesota Twins by a final score of 8-6.
Platner, an oyster farmer and upstart candidate who has never before held political office, became the Democratic Party's presumptive nominee for the 2026 US Senate race in Maine last month after his top rival, Democratic Maine Gov. Janet Mills, dropped out of the race.
In recent weeks, Platner has pivoted to challenging incumbent Sen. Susan Collins (R-Maine), who has held the seat since 1996 and is now running for her sixth term in office.
The policy change means "we could have families separated for months or years," said one expert.
Critics are slamming the Trump administration for implementing a new rule that foreigners who apply for green cards must do so from abroad.
US Citizenship and Immigration Services (USCIS) on Friday announced that foreigners currently in the US who want to establish permanent legal residency must first return to their countries of origin to apply for a green card.
This announcement broke with decades of US immigration policy, which made it possible for immigrants in the US to obtain green cards without having to leave the country.
Doug Rand, a former senior advisor at USCIS under President Joe Biden, said in an interview with The Associated Press that "the goal of this policy is very explicit," which is to block a path to citizenship "for as many people as possible."
Sarah Pierce, a former USCIS policy analyst, told The New York Times that the rule change could have particularly dire consequences to foreigners who are married to US citizens and will now have to apply for permanent residency from overseas.
"Our consular processing system through which they would have to apply is already overburdened," Pierce explained. "So that means we could have families separated for months or years."
Aaron Reichlin-Melnick, senior fellow at the American Immigration Council, similarly noted that the new policy "could force people to leave their jobs, homes, and families for weeks or months, all at their own expense" just to stay in a country where they have already established roots.
Reichlin-Melnick said that the full scope of the policy isn't yet clear because there are several unknown details about how broadly it will be applied, but added that "in the meantime, hundreds of thousands of immigrants now have to worry about upending their lives to get a legal status that they are entitled to under our laws."
Drop Site News reporter Ryan Grim argued that the new policy rips the mask off Trump administration claims that they aren't opposed to all immigration, they simply want to reduce undocumented immigration.
"The talking point that we do want legal immigration, we just want people to get in line and follow the rules, is BS," Grim commented. "This is an attempt to blow up the line, blow up the rules, and make it insanely difficult to immigrate legally."
Rep. Chuy García (D-Ill.) echoed Grim's comments by pointing out that the new policy shows the Trump administration's disdain for immigration overall.
"This new policy will force thousands of LEGAL immigrants, including spouses of US citizens, to leave their homes, families, and jobs for weeks or even months to get their green card outside the US," said García. "This is an absurd and cruel policy."
Rep. Adriano Espaillat (D-NY), chairman of the Congressional Hispanic Caucus, condemned the new policy for targeting "students, scientists, entrepreneurs, spouses of US citizens, and other individuals following legal immigration processes."
"Aspiring lawful permanent residents are valued members of our communities, workforce, and economy," Espaillat emphasized. "I will continue fighting to protect the rights of aspiring green card holders and immigrant families."