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Thursday, July 17, 2008

  • Bailout for Mortgage Giants, IndyMac Bank Collapse, Dollar Hits New Low, Inflation at 26-Year High, Dow Falls Below 11K...A Look at the Financial Crisis


    It has been a tough seven days for the US economy. On Friday, the FDIC seized control of the failed California-based IndyMac Bank. It was second largest bank failure in US history. Analysts project another 150 banks could collapse. On Sunday, Treasury Secretary Henry Paulson announced extraordinary moves to bail out the mortgage giants Freddie Mac and Fannie Mae. On Tuesday, the Dow Jones Industrial Average dipped below 11,000 for the first time since 2006 and the dollar hit a record low against the euro. And Wednesday, it was announced that inflation is now rising at its fastest pace in twenty-six years. We take an in-depth look an the economic crisis. [includes rush transcript]

  • Nelson Mandela Turns 90


    On Friday, former South African president and anti-apartheid leader Nelson Mandela will celebrate his ninetieth birthday. Events marking the milestone have been held across the globe over the past month. We speak with Danny Schechter, who recently returned from South Africa, where he helped make the new documentary Viva Madiba: A Hero for All Seasons. [includes rush transcript]

  • Spike Lee to Film Tony Award-Winning Musical "Passing Strange" as Show Comes to a Close on Broadway


    The rock musical Passing Strange closes on Sunday after a six-month run on Broadway. The show won a Tony Award for best book. It was co-written by its star, longtime recording artist Stew and Heidi Rodewald. It was nominated for six other Tony’s including best musical. Acclaimed filmmaker Spike Lee is planning to film the musical this weekend to bring it to a wider audience. We speak to Stew, the playwright, composer and narrator of Passing Strange. [includes rush transcript]