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Wednesday, November 4, 2009

  • Election Day 2009: GOPers Sweep Governor Races; Bloomberg Wins Tight NYC Mayoral Race; Dems Take House Seats; Maine Repeals Gay Marriage

    Voting-wab

    Republicans have won the governorships in New Jersey and Virginia, while New York’s billionaire mayor Michael Bloomberg survived a stunningly close race against William Thompson. Bloomberg spent an estimated $100 million, making this the most expensive race in history outside the presidency. Meanwhile, Maine voters repealed a state law that would have allowed same-sex couples to wed. [includes rush transcript]

  • Low Road to High Finance: McClatchy Expose Reveals How Goldman Sachs Sold Off Billions in Mortgage Securities After Anticipating Housing Collapse

    Gordongs-web

    A five-month investigation by McClatchy Newspapers has revealed that Goldman Sachs made secret bets against the housing market while simultaneously selling off billions in soon-to-be worthless securities. In 2006 and 2007, the bank reportedly peddled more than $40 billion in securities backed by at least 200,000 risky home mortgages, but never told the buyers it was secretly betting that a sharp drop in US housing prices would send the value of those securities plummeting. We speak to McClatchy reporter Greg Gordon. [includes rush transcript]

  • Blueberry Farming Giant Found to Use Child Labor at Michigan Fields

    Blueberryabc-web

    An ABC News investigation has exposed how one of the country’s largest blueberry growers uses child labor on its fields. Adkin Blue Ribbon Packing Company in South Haven, Michigan is at the center of this scandal. Wal-Mart and the Kroger supermarket chain were among Adkin’s high-profile customers that have now cut ties with the blueberry grower. We speak to ABC News chief investigative correspondent Brian Ross and Teresa Hendricks of Michigan Migrant Legal Aid. [includes rush transcript]