Politics

The Digital Divide on 03/27/09

Program: 
The Digital Divide
Air date: 
Fri, 03/27/2009 - 11:00am - 12:00pm

The Digital Divide presents the latest in science and technology affecting our planet with a focus on the SXSW Interactive Festival, a recent event celebrating the best minds and the brightest personalities of emerging technology.

Flashpoints on 03/26/09

Program: 
Flashpoints
Air date: 
Thu, 03/26/2009 - 10:15am - 11:00am

Journalist John Ross on the hype about the drug trade in Mexico and Malik Rahim, founder of Common Ground Relief on the violence of poverty in the U.S.

Radiozine on 03/26/09

Program: 
Radiozine
Air date: 
Thu, 03/26/2009 - 11:30am - 12:00pm

The guest is Karen Coulter of Blue Mountains Biodiversity Project, a group that has been successfully fighting for the preservation of forests and wildlife in eastern Oregon for nearly 20 years. She discusses their upcoming fundraiser and their work to spark widespread public discussion and initiatives addressing the need to re-establish citizen authority instead of transnational corporate rule and create real democracy to protect the integrity of ecosystems and communities for the future. Eva Lake hosts.

Political Perspectives

Air date: 
Thu, 03/26/2009 - 9:30am - 10:00am

Host Per Fagereng speaks with Ravi Batra, professor of economics at Southern Methodist University and author of The New Golden Age: The Coming Revolution against Political Corruption and Economic Chaos. Batra predicted the financial meltdown way in advance, offering his latest forecast in February last year to Texas Monthly: “When the American bubble starts to burst around mid 2007, and beyond, foreign investors will head for the exits…” Now that the American housing bubble is bursting at the seems, Batra’s biggest fear is that foreign investors will indeed head for the exits, and the already feeble dollar will collapse. Then we will see a rapid unraveling of our debt based economy, rising unemployment, bulging poverty, and big stock market crashes.

Flashpoints on 03/25/09

Program: 
Flashpoints
Air date: 
Wed, 03/25/2009 - 10:15am - 11:00am

Financial adviser Catherine Austin Fitts analyzes the Treasury Department's plan for the economy and Ali Abunimah of the Electronic Intifada gives a postmortem on Gaza and looks at possibilities for justice and freedom for Palestinians.

Bonuses & Merit Pay

Categories:
program date: 
Sat, 03/21/2009

 

Just as bonuses for corporate CEOs leads to corruption, so "merit" pay for teachers  leads to corrupt teaching practices.  Bill Resnick talks with Fred McKissack of Rethinking Schools about what's  wrong with this way of motivating people.   (Illustration: Richard Downs)

17:21 minutes (9.93 MB)

"Give Them All Pitchforks!"

program date: 
Sun, 03/22/2009

Today's Well-read Red, Laurie Mercier, says, "Thanks to the outrage over the AIG bailouts and  bonuses,  it is no longer cool to be rich.  There is a new populist resentment brewing, and the left must seize the opportunity to build movements to constructively direct that anger into building a new system that provides for all, not the rich few." More on this here, here<

8:34 minutes (4.91 MB)

Locus Focus

Program: 
Locus Focus
Air date: 
Wed, 03/25/2009 - 8:00am - 9:00am
Short Description: 
In the past week there has been intense outrage over AIG executive bonuses and other manifestations

In the past week there has been intense outrage over AIG executive bonuses and other manifestations of corporate greed. How do we go beyond the angry mob mentality? Guest Rob Johnson, who co-wrote "Too Big to Bail: The 'Paulson Put,' Presidential Politics, and the Global Financial Meltdown" with Thomas Ferguson, provides a larger context for understanding the current financial crisis and analyzing the knee-jerk responses that currently rule in the mass media.

Robert Johnson was formerly a managing director at Soros Funds Management and chief economist of the Senate Banking Committee.You can read a recenty article by Johnson and Ferguson at http://www.thenation.com/doc/20090309/ferguson_johnson?rel=hp_picks

Bail OUT!!! Socialism for the Rich, Democracy for the Not-So-Rich...

program date: 
Mon, 03/23/2009

 Abe and Joe dive into Tim Geithner's bank bailout plan, the ongoing looting of the Treasury, and the perks of membership in the ruling class.  

56:58 minutes (26.08 MB)

Krugman lays it down

The bank bailout plan is a stinker, sez Paul Krugman:

 

Over the weekend The Times and other newspapers reported leaked details about the Obama administration’s bank rescue plan, which is to be officially released this week. If the reports are correct, Tim Geithner, the Treasury secretary, has persuaded President Obama to recycle Bush administration policy — specifically, the “cash for trash” plan proposed, then abandoned, six months ago by then-Treasury Secretary Henry Paulson.

This is more than disappointing. In fact, it fills me with a sense of despair.

After all, we’ve just been through the firestorm over the A.I.G. bonuses, during which administration officials claimed that they knew nothing, couldn’t do anything, and anyway it was someone else’s fault. Meanwhile, the administration has failed to quell the public’s doubts about what banks are doing with taxpayer money.

And now Mr. Obama has apparently settled on a financial plan that, in essence, assumes that banks are fundamentally sound and that bankers know what they’re doing.

It’s as if the president were determined to confirm the growing perception that he and his economic team are out of touch, that their economic vision is clouded by excessively close ties to Wall Street. And by the time Mr. Obama realizes that he needs to change course, his political capital may be gone.

I think the operative phrase is "clouded by excessively close ties to Wall Street." Both Tim Geithner and Ben Bernanke are creatures of the massive entitlement culture that spawned the erstwhile Masters of the Universe. Basically, instead of following the "nationalization" plan of seizing the banks and placing them in receivership until their assets are rehabilitated -- a model that served us well during the last Bush-era financial brouhaha, the savings and loan scandal of the late 1980s, and a model that rescued the Swedish economy -- Geithner wants to purchase the "toxic" mortgage-derivative assets held by the banks at a far higher price than that at which the allegedly infallible free market values them. And he's willing to give them subsidies in order to do so.

Once again -- privatizing the profits, socializing the losses. Damn it feels good to be a banksta.

-A

 

 

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