Friday, November 5, 2010

  • New $600B Fed Stimulus Fuels Fears of US Currency War

    Michael-hudson

    The Federal Reserve will pump $600 billion more into the US economy and keep interest rates at historical low levels. The short-term impact of the Fed’s move, known as quantitative easing, has been a jump in stock prices across the globe. Many nations, however, have accused the United States of waging a currency war by devaluing the dollar. We speak to former Wall Street economist and University of Missouri professor Michael Hudson. "The object of warfare is to take over a country’s land, raw materials and assets, and grab them," Hudson says. "In the past, that used to be done militarily by invading them. But today you can do it financially simply by creating credit, which is what the Federal Reserve has done." [includes rush transcript]

  • Justice for Sale? Right-Wing Groups Fund Successful Campaign to Oust Iowa Judges Who Legalized Same-Sex Marriage

    Iowa-judges

    The unprecedented ouster of three Supreme Court justices in Iowa who ruled in favor of same-sex marriage is raising fresh concerns over the politicization of judicial elections and the influence of special interest groups on the courts. Opponents of same-sex marriage targeted the judges in an intense campaign to boot them off the bench. We speak to attorney Adam Skaggs of the Brennan Center for Justice at New York University School of Law and Carolyn Jenison of One Iowa, the state’s largest LGBT advocacy organization. [includes rush transcript]

  • Rep. Alan Grayson: "Bipartisanship Has Become Code Word for Appeasement"

    Grayson

    In the wake of the Democrats’ midterm losses, President Obama has said the way forward lies in finding common ground between Democrats and Republicans. But Democratic Rep. Alan Grayson, who lost his seat in Florida’s 8th District, says that the losses suffered by incumbent Democrats are an outcome of the party’s "strategy of appeasement." We talk to Rep. Grayson about the 2010 elections. [includes rush transcript]

  • Justice Dept. Renews Enforcement of Subpoenas for Antiwar Activists Targeted in FBI Raids

    Nestor

    We get an update on the fallout from the FBI raids in late September that targeted antiwar activists in Minneapolis and Chicago. Subpoenas to appear before a grand jury were served on thirteen people but later withdrawn when the activists asserted their right to remain silent. But this week, the US Department of Justice said it intends to enforce the subpoenas for some of them and require them to appear before a grand jury. We speak to former president of the National Lawyers Guild, Bruce Nestor. [includes rush transcript]