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Financial Meltdown Topics

Democracy Now! stories, posts and pages that relate to Financial Meltdown

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  • As we broadcast from Raleigh, we look at how the economic crisis has impacted the Carolinas with Chris Kromm, executive director of the Institute for Southern Studies and a writer for the blog "Facing South." South Carolina has the second highest unemployment rate in the nation at 11 percent, just ahead of North Carolina. [includes rush transcript]
    Apr 09, 2009 | Story
  • National demonstrations are scheduled in more than fifty cities across the country tomorrow to protest the government’s handling of the economic crisis. The demonstrations are organized by the recently launched group A New Way Forward. They are calling on the government to take three main actions on the country’s banks: nationalize, reorganize and decentralize. [includes rush transcript]
    Apr 10, 2009 | Story
  • Part II of our conversation with MIT professor and author Noam Chomsky on the global economic crisis, healthcare, the media, US foreign policy, the expanding wars in Afghanistan and Pakistan, resistance to American empire, and more.

    "As far as policy is concerned, unless [Obama] is under a lot of pressure from activist sectors, he’s not going to go beyond what he’s presented himself as in actual policy statements or cabinet...

    Apr 13, 2009 | Story
  • Chrysler has filed for federal bankruptcy protection, becoming the first major American automaker to do so since 1933. The arrangement came after an intensive round of White House-sponsored negotiations among the Treasury Department, the union and Chrysler’s executives and creditors. We get reaction from consumer advocate Ralph Nader, who says President Obama has failed to assert adequate control over Chrysler’s woes. [includes rush...
    May 01, 2009 | Story
  • The Nation's national affairs correspondent William Greider on the roots of the economic crisis, how US militarism is making the country less safe, Wall Street's inflated power, the role of the Federal Reserve, and the future of healthcare reform. "My belief is, and I feel it strongly, is that we are just at the beginning of a really long, hard passage in which Americans, like it or not, have to adjust to these new...
    May 05, 2009 | Story
  • Shock Doctrine author Naomi Klein and Al Jazeera host Avi Lewis discuss the workers who are taking over their factories and plants rather than lose their jobs, some to owners who owe money to bailed-out banks. They also address the latest news in the nation’s global economic collapse amidst the White House and Democratic-led Congress’s rejection of single-payer healthcare. [includes rush transcript]
    May 15, 2009 | Story
  • Workers at Chicago’s Republic Windows and Doors factory occupied their plant in December after the plant’s owners gave workers just three days’ notice of the plant’s closure. They won a settlement, and now the factory has remained open under new management. We speak to Armando Robles, a maintenance worker at the factory and local union president. [includes rush transcript]
    May 15, 2009 | Story
  • Auto giant General Motors filed for Chapter 11 yesterday in one of the largest bankruptcy cases in US history. Shortly after the filing, GM said it would close fourteen more plants, including seven in Michigan, and cut up to 21,000 more jobs. More than 2,000 car dealerships will be shut down, as well. After the factory closings, GM will have fewer than 40,000 workers buildings cars in the United States, one-tenth of a workforce that numbered...
    Jun 02, 2009 | Story
  • The Guardian newspaper reports staff at Goldman Sachs can look forward to the biggest bonus payouts in the firm’s 140-year history after a spectacular first half of the year, sparking concern that the big investment banks which survived the credit crunch will derail financial regulation reforms. We speak to Nomi Prins, a former managing director for Goldman Sachs in New York, about the possible record bonuses, President Obama’s...
    Jun 22, 2009 | Story
  • Bernard Madoff, the convicted mastermind behind one of the biggest financial frauds in US history, was ordered Monday to serve 150 years in prison, the maximum sentence allowed. Madoff pleaded guilty in March to running a massive Ponzi scheme that defrauded investors of some $50 billion. Federal District Judge Denny Chin said it was important that the severity of the sentence serve as a deterrent to future offenders. We speak with financial...
    Jun 30, 2009 | Story