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Thursday, November 29, 2007

  • Is Trent Lott Leaving Senate To Dodge New Ethics Law on Lobbying?


    After Senate Minority Whip Trent Lott announced his resignation this week, it was widely speculated that the Mississippi Republican was quitting in order to avoid new ethics rules that require senators to wait two years, instead of one, before becoming paid Capitol Hill lobbyists. We speak with Sarah Dufendach of Common Cause. [includes rush transcript]

  • Romney, McCain Spar on Waterboarding and Torture at GOP Debate


    At the Republican debate hosted by CNN and YouTube Wednesday night, Gov. Mitt Romney and Sen. John McCain were asked about waterboarding and torture. Romney refused to say whether the interrogation technique was torture and continued, "I want to make sure that what happened to Khalid Sheikh Mohammed happens to other people who are terrorists." McCain responded, "I am astonished that...anyone could believe that [waterboarding] is not torture. It’s in violation of the Geneva Conventions." We play an excerpt of the debate. [includes rush transcript]

  • Abu Dhabi Becomes Largest Citigroup Shareholder with $7.5B Investment, Bailout Comes Amidst Subprime Mortgage Crisis, Record-High Oil Prices


    The Gulf Arab emirate of Abu Dhabi bought a $7.5 billion stake in Citigroup, America’s largest bank, on Tuesday, making it the bank’s largest shareholder. As the U.S. credit crisis worsens and the price of oil hovers close to $100 a barrel, the injection of capital from oil-rich Gulf states is seen as a bailout of banks in trouble. We speak with NYU economics professor, Nouriel Roubini, and Hampshire College professor, Michael Klare, author of "Blood and Oil." [includes rush transcript]

  • Minorities Hit Hardest by Subprime Mortgage Crisis


    We take a look at how the subprime mortgage crisis is affecting homeowners. The latest statistics show U.S. foreclosure filings nearly doubled in October from the same month last year. African American and Latino homeowners have been particularly hard hit. A new study finds that African Americans and Latinos were more than three times as likely as whites to have a high-cost loan. [includes rush transcript]