Hello! You are part of a community of millions who seek out Democracy Now! each month for ad-free daily news you can trust. Maybe you come for our daily headlines. Maybe you come for our in-depth stories that expose corporate and government abuses of power and lift up the voices of ordinary people working to make change in extraordinary times. We produce all of this news at a fraction of the budget of a commercial news operation. We do this without ads, government funding or corporate sponsorship. How? This model of news depends on support from viewers and listeners like you. Today, less than 1% of our visitors support Democracy Now! with a donation each year. If even 3% of our website visitors donated just $10 per month, we could cover our basic operating expenses for a year. Pretty amazing right? If you visit us daily or weekly or even just once a month, now is a great time to make a monthly contribution.

Your Donation: $

Wednesday, December 4, 2013

  • Detroit Bankruptcy: Wall Street, Lost Revenues Forced Decline, But City Pensioners to Pay the Costs

    Detroitprotests1

    A federal judge has approved Detroit’s bid to qualify for bankruptcy, putting the city on a path to financial recovery — but threatening the livelihoods of thousands of city workers. In a landmark decision that could harm retiree benefits nationwide, Federal Judge Steven Rhodes ruled that federal bankruptcy law can override state laws that protect public pensions. That clears the way for Detroit to make major cuts to the health and retirement benefits of city employees. The city faces about $18 billion in debt, of which $3.5 billion is pension obligations. Detroit’s emergency manager, Kevyn Orr, has told public unions to brace for "significant cuts," but has not laid out details. Workers’ pensions in Detroit average around $19,000 per year. By the new year, Orr will present a "plan of adjustment" in bankruptcy court that will clarify how much pensions will be cut. The plan may also include a "fire sale" of city assets that could result in public utilities and the Detroit Institute of Arts collection being bartered off to private bidders. Detroit’s bankruptcy filing marks a grim milestone in the decline of what was once the country’s fourth-largest city, known as the Motor City, the birthplace of the middle class. We are joined by Wallace Turbeville, senior fellow at Demos and former Goldman Sachs executive who has just authored the new report, "The Detroit Bankruptcy." Turbeville argues that Detroit’s problems stem not from its liabilities but from a decline in public revenues and involvement in harmful Wall Street schemes.

  • Vandana Shiva & Jane Goodall on Serving the Earth & How Women Can Address Climate Crisis

    Amy-shiva-goodall

    At the recent International Women’s Earth and Climate Initiative Summit, Jane Goodall and Vandana Shiva discuss their decades of work devoted to protecting nature and saving future generations from the dangers of climate change. A renowned primatologist, Goodall is best known for her groundbreaking work with chimpanzees and baboons. An environmental leader, feminist and thinker, Shiva is the author of many books, including "Making Peace with the Earth: Beyond Resource, Land and Food Wars" and "Earth Democracy: Justice, Sustainability, and Peace."

Recent Shows More

Full News Hour

Stories