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Thursday, October 15, 2009

  • As Foreclosures Hit All-Time High, Wall Street on Pace to Hand Out Record $140B in Employee Bonuses

    Blackweb

    The Dow Jones Industrial Average has topped 10,000 for the first time in a year, as JPMorgan Chase reported massive profits in the third quarter. Meanwhile, the Wall Street Journal is reporting that major US banks and securities firms are on pace to pay their employees about $140 billion this year — a record high. But on Main Street, foreclosures are also at record levels, and the official unemployment rate is expected to top ten percent. We speak to former bank regulator William Black, author of The Best Way to Rob a Bank Is to Own One. [includes rush transcript]

  • Slovenian Philosopher Slavoj Zizek on Capitalism, Healthcare, Latin American "Populism" and the "Farcical" Financial Crisis

    Zizekweb

    Dubbed by the National Review as "the most dangerous political philosopher in the West" and the New York Times as "the Elvis of cultural theory," Slovenian philosopher and public intellectual Slavoj Žižek has written over fifty books on philosophy, psychoanalysis, theology, history and political theory. In his latest book, First as Tragedy, Then as Farce, Žižek analyzes how the United States has moved from the tragedy of 9/11 to what he calls the farce of the financial meltdown. [includes rush transcript]