Tuesday, September 15, 2009

  • Nomi Prins: "Obama Banking Too Much on Banks"


    President Obama visited Wall Street Monday to promote a regulatory overhaul of the US financial system. The visit came on the one-year anniversary of the collapse of the investment bank Lehman Brothers. Lehman’s bankruptcy set off a series of events across the financial markets, leading to a full-scale economic meltdown. Speaking at Federal Hall, Obama promoted Democratic proposals for new financial oversight and a consumer protection agency to protect Americans from unfair loans, but Nomi Prins, an investment banker turned journalist, says Obama’s proposed reforms don’t go deep enough. [includes rush transcript]

  • As Obama Escalates War in Afghanistan, US Peace Activists Call for Near-Term Withdrawal of Foreign Troops


    The coming weeks hold critical significance for the US occupation of Afghanistan. The Senate is expected to vote on the Obama administration’s $128 billion request to fund war operations in Afghanistan and Iraq for the coming fiscal year. Next week, the Obama administration will unveil a report on whether US benchmarks for success in Afghanistan are being achieved. It’s widely believed President Obama will receive a military request to escalate the Afghan war with thousands of additional troops. The apparent congressional unease over a troop escalation comes near Friday’s eight-year anniversary of the vote authorizing the attack on Afghanistan. We speak to Norman Solomon of the Institute for Public Accuracy on his recent trip to Afghanistan and CODEPINK’s Medea Benjamin. [includes rush transcript]

  • David Cole on "The Torture Memos: Rationalizing the Unthinkable"


    Legal scholar and attorney David Cole looks at the story behind the infamous Bush administration torture memos. Cole argues the memos show that the United States government’s top attorneys were instrumental in rationalizing acts of torture and cruelty, employing chillingly twisted logic and Orwellian reasoning to authorize what the law absolutely forbids. [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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