Financial Meltdown Topics

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  • Suskind_button2
    An explosive new book that draws a searing portrait of the Obama administration’s failings, and early management of the economic crisis, has been met with sharp objections from officials within and outside of the White House. We speak with veteran journalist Ron Suskind, author of "Confidence Men: Wall Street, Washington, and the Education of a President." He writes that U.S. Treasury Secretary Tim Geithner ignored an order from...
    Sep 23, 2011 | Story
  • 2,000 people occupied Wall Street on Saturday. They weren’t carrying the banner of the tea party, the Gadsden flag with its coiled snake and the threat “Don’t Tread on Me.” Yet their message was clear:“We are the 99 percent that will no longer tolerate the greed and corruption of the 1 percent.”
    Sep 21, 2011 | Columns & Articles
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    On Monday, President Obama proposed a new tax on millionaires as part of his plan to close the deficit and responded to opponents who have labeled his plan "class warfare." Republicans have vowed to defeat the tax, even as one in six Americans live in poverty. We speak with Rev. Jesse Jackson about how Obama’s plan also includes cuts to Medicare and Medicaid. "I would think, before we end up at that conclusion, we must go...
    Sep 20, 2011 | Story
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    Demonstrators are marching on Wall Street today on the third day of a campaign dubbed "Occupy Wall Street," which began on Saturday when thousands gathered in New York City’s Financial District. Inspired by the massive public protests in Cairo’s Tahrir Square and Madrid’s Puerta del Sol Square, hundreds have slept outside near Wall Street for the past two nights. We play a video report on the protest by Democracy Now!'s...
    Sep 19, 2011 | Story
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    As President Obama prepares to outline a deficit-reduction plan that includes tax increases, as well as cuts to programs such as Medicare and Medicaid, anthropologist David Graeber proposes a radical solution: cancel the debt of the nation’s poor. "Debts between the very wealthy or between governments can always be renegotiated and always have been throughout world history. They’re not anything set in stone," says Graeber,...
    Sep 19, 2011 | Story
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    MIT Professor Emeritus Noam Chomsky discusses the position of the Republican presidential candidates on issues such as climate change and calls them "utterly outlandish." "I’m not a great enthusiast for Obama, as you know, from way back, but at least he’s somewhere in the real world," Chomsky says. "Perry, who’s very likely … to win the primary and win the nomination, and maybe to win the election,...
    Sep 19, 2011 | Story
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    An explosive new report in Rolling Stone magazine exposes how the U.S. Securities and Exchange Commission destroyed records of thousands of investigations, whitewashing the files of some of the nation’s largest banks and hedge funds, including AIG, Wells Fargo, Lehman Brothers, Goldman Sachs, Bank of America and top Wall Street broker Bernard Madoff. Last week, Republican Sen. Chuck Grassley of Iowa said an agency whistleblower had sent...
    Aug 23, 2011 | Story
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    Vice President Joe Biden arrived in China yesterday to begin a five-day trip aimed at reassuring leaders there of the stability of the U.S. economy and to begin building a relationship with that country’s most likely next president, Xi Jinping. The visit to the largest foreign creditor to the United States falls right after the downgrade of the U.S. credit rating by Standard & Poor’s, and just days after the Financial Times reported...
    Aug 18, 2011 | Story
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    The bipartisan "super committee" tasked with finding a way out of the U.S. debt crisis has been established, but what can we expect? On Thursday, House Democratic leader Nancy Pelosi named the final three members to the 12-person panel, split evenly between Democrats and Republicans. They will have until November 3 to recommend a plan to cut $1.5 trillion from the deficit over 10 years. We speak with Robert Borosage, founder and president...
    Aug 12, 2011 | Story
  • London_riots_button
    Unrest continues to spread across England after protests erupted Saturday in London when police shot to death Mark Duggan, a 29-year-old black man. Mobs firebombed police stations and set shops on fire in London, Manchester, Salford, Liverpool, Nottingham and Birmingham. After waiting for several days, Prime Minister David Cameron has cut short his vacation and recalled Parliament from summer recess. Scotland Yard has ordered its officers to deploy...
    Aug 10, 2011 | Story