Treasury Secretary Timothy Geithner is preparing to unveil a plan today to purchase as much as $1 trillion in troubled mortgages and other assets from banks. The government is reaching out to hedge funds, private equity firms and sovereign wealth funds to help buy the toxic assets. The Obama administration has described the plan as a public-private partnership, but most of the actual money will be put up by the government. We speak with Nobel Prize-winning economist and New York Times columnist, Paul Krugman. [includes rush transcript–partial]
Sunday was World Water Day and marked the close of a week-long gathering held in Istanbul, Turkey to discuss water policy at a time when over a billion people lack access to clean water and 2.5 billion people lack water for proper sanitation. Activists from the People’s Water Forum, an alternative formation representing the rural poor, the environment and organized labor, slammed the official event as a non-inclusive, corporate-driven fraud pushing for water privatization and called for a more open, democratic and transparent forum.
We speak with Medha Patkar, one of India’s best-known and best-loved social activists. She is the iconic founder of the Save the Narmada Movement and the National Alliance of People’s Movements. She led the nonviolent struggle against the Sardar Sarovar dam project over the Narmada River for more than two decades and continues to fight for the rights of some 300,000 people, those already made homeless and those facing displacement by the dam. Patkar has organized several mass rallies, demonstrations and hunger strikes, survived numerous jail terms and police violence, and won many important victories.
News & Current Affairs
Mar 23, 2009, 17:18:38
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