Monday, April 6, 2009

  • UN Security Council Fails to Reach Agreement on North Korea Rocket Launch


    An emergency meeting of the UN Security Council Sunday failed to agree to a joint statement regarding North Korea’s rocket launch over the weekend. The United States, Japan, South Korea and the European Union accused the North Korean regime of breaching UN resolutions that ban the country from carrying out ballistic missile activity and called for a strong and unified response. Speaking in the Czech Republic Sunday, President Obama said North Korea had "broken the rules" and called for new United Nations sanctions. [includes rush transcript]

  • "A Ponzi State"–Univ. of South Florida Professor Examines the Economic Crisis in Florida


    Florida has been hit particularly hard by the recession. It’s facing its worst unemployment rate since 1976, with nearly one in ten people out of work, and it has the second-highest foreclosure rate in the country. Florida has also been described as one of the birthplaces of the financial crisis. We speak with University of South Florida Professor Gary Mormino, who describes the state’s economy as a giant Ponzi scheme. He’s the author of Land of Sunshine, State of Dreams: A Social History of Modern Florida. [includes rush transcript]

  • Land of Ruins: A Special Report on Gaza’s Economy


    Democracy Now! producer Anjali Kamat files a report on the state of the Gazan economy, where unemployment and poverty rates are among the highest in the world. Despite international pledges of over $5.2 billion to rebuild Gaza, in the four months since Israel’s assault the siege has not been lifted and only one truck carrying cement and other construction materials has been allowed entry into the Gaza Strip. [includes rush transcript]

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Full News Hour


    Juan González on How Puerto Rico’s Economic "Death Spiral" is Tied to Legacy of Colonialism
    Could Puerto Rico become America’s Greece? That’s a question many are asking as the island faces a devastating financial crisis and a rapidly crumbling healthcare system. Puerto Rico owes $72 billion in debt. $355 million in debt payments are due December 1, but it increasingly looks like the U.S. territory may default on at least some of the debt. Congress has so far failed to act on an Obama administration proposal that includes extending bankruptcy protection to Puerto Rico and allocating more equitable Medicaid and Medicare...


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