Economy Topics

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Wisconsin Governor Launches Attack on Public Sector Employees and Unions; Threatens to Deploy National Guard to Quell Labor Protests

Recently elected Wisconsin Republican Governor Scott Walker has proposed a bill that would eliminate almost all collective bargaining rights for most public workers and slash their pay and benefits. Walker has also notified the state’s National Guard to be on alert for actions taken by unsatisfied state, county and municipal employees. On Monday, hundreds of protesters marched on the State Capitol in Madison, with more protests being planned....
Feb 15, 2011 | Story
Obama Calls for Spending Freeze, Lowering Corporate Taxes in State of the Union

President Obama delivered his second State of the Union address last night. Speaking before a newly divided Congress, Obama said the United States was in a 21st century version of the space race and in a global competition to create jobs in science and research. Obama focused much of his speech on the issue of jobs and proposed a number of deficit-cutting measures, including a five-year freeze in spending on some domestic programs. [includes rush...
Jan 26, 2011 | Story
China, Human Rights and the Role of Washington: A Debate

Chinese President Hu Jintao is in Washington, D.C., for his first official state visit to the White House. Many critics noted that Obama, a Nobel Peace Prize laureate, was hosting a banquet for a leader who is imprisoning another Nobel Peace Prize laureate: the jailed Chinese human rights activist and writer Liu Xiaobo. We host a debate on China, human rights and the role of the United States between Sharon Hom of Human Rights in China and Marc...
Jan 20, 2011 | Story
Fifty Years After Eisenhower's Farewell Address, A Look at "Prophets of War: Lockheed Martin and the Making of the Military-Industrial Complex"

This week marks the 50th anniversary of President Dwight D. Eisenhower’s famous farewell speech to the nation in which he warned against the rise of a "military-industrial complex." We speak with William Hartung, director of the Arms and Security Initiative at the New America Foundation, who traces the rise of the military-industrial complex through the story of the nation’s largest weapons contractor, Lockheed Martin. Hartung’s...
Jan 20, 2011 | Story
Has Obama Assumed the Position of Salesman-in-Chief to China?

What do the heads of Goldman Sachs, JPMorgan Chase, Microsoft, Motorola, General Electric, Boeing and the Carlyle Group have in common? They all attended last night’s State Dinner with President Hu Jintao. Earlier the White House announced $45 billion in new trade deals with China, including a $19 billion deal with Boeing and a package with GE expected to generate more $2 billion in U.S. exports. Some economists say the deals will hurt U.S....
Jan 20, 2011 | Story
"Darrell Issa, Step Away From the Corporations" By Amy Goodman

The new Republican majority threatens a barrage of investigations. California Republican Darrell Issa is the new chair of the House Committee on Oversight and Government Reform and he has reportedly sent letters to 150 trade associations, companies and think tanks, seeking advice on which regulations to investigate.
Jan 05, 2011 | Columns & Articles
"The Worse Off You Are, Your Taxes Increase": Journalist David Cay Johnston Slams Obama-GOP Tax Deal

The U.S. Senate is on the verge of approving President Obama’s controversial tax deal with Republicans. Under the deal, Obama agreed to extend the Bush-era tax cut for the wealthiest Americans and reduce the estate tax in return for a 13-month extension of jobless benefits and a handful of tax credits for low- and moderate-income Americans. We speak to Pulitzer Prize-winning investigative journalist David Cay Johnston, author of Free Lunch:...
Dec 14, 2010 | Story
Bernie Sanders Denounces Obama-GOP Tax Cut in 8.5-Hour Senate Speech, Says U.S. Becoming "Banana Republic"

The U.S. Senate is holding a key test vote today on President Obama’s controversial legislation that would extend the Bush-era tax cuts for the wealthiest Americans. The bill caused an uproar when it was announced last week, but no one voiced more powerful opposition than Senator Bernie Sanders (I-VT). He took to the floor of the Senate at 10:24 a.m. on Friday morning to denounce the tax-cut plan. He did not yield the floor back until 6:59...
Dec 13, 2010 | Story
Chilean Economist Manfred Max-Neef on Barefoot Economics, Poverty and Why The U.S. is Becoming an "Underdeveloping Nation"

We speak with the acclaimed Chilean economist, Manfred Max-Neef. He won the Right Livelihood Award in 1983, two years after the publication of his book Outside Looking In: Experiences in Barefoot Economics. "Economists study and analyze poverty in their nice offices, have all the statistics, make all the models, and are convinced that they know everything that you can know about poverty. But they don’t understand poverty," Max-Neef...
Nov 26, 2010 | Story
Joe Nocera on "All the Devils Are Here: The Hidden History of the Financial Crisis"

As federal agents raid the offices of three major hedge funds amidst news of a sweeping probe of insider trading at Wall Street firms, we speak with New York Times business columnist Joe Nocera about his new book All the Devils Are Here: The Hidden History of the Financial Crisis. The book describes how most of the underlying structures and key players behind the financial crisis have emerged relatively unscathed. [includes rush transcript]
Nov 23, 2010 | Story