Treasury Secretary Timothy Geithner outlined plans Thursday to rewrite the nation’s financial rules as part of what the Wall Street Journal described as the most comprehensive changes to financial market regulation since the New Deal. Geithner’s plan includes the creation of a single regulator to monitor any firm whose failure could threaten the financial system. We speak with economist James Galbraith. [includes rush transcript]
The financial crisis has had reverberations beyond the United States and Europe, with people taking to the streets in cities across the globe to protest rising wealth inequality and to call for economic and labor rights. Perhaps the most significant action took place in the French Caribbean, on the island of Guadeloupe. Amid rising costs of living, labor leaders in Guadeloupe led a forty-four-day general strike that closed down roads, schools, gas stations and public transportation. The strikers claimed a victory earlier this month with a plan to improve wages and living standards. [includes rush transcript]
The New York Times and Washington Post have become the latest newspapers to announce plans to downsize their staffs. As papers across the country continue to fold or downsize, policy officials and experts are contemplating a series of proposals to help newspapers stay afloat. On Capitol Hill, Democratic Senator Benjamin Cardin of Maryland has introduced the Newspaper Revitalization Act. Meanwhile, in an article in The Nation magazine titled “The Death and Life of Great American Newspapers,” media activists Robert McChesney and John Nichols are proposing a multi-part journalism economic stimulus package. [includes rush transcript]
Thirty years ago this Saturday, the Three Mile Island nuclear reactor at Harrisburg, Pennsylvania malfunctioned, sparking a meltdown that resulted in the release of radioactivity. It was the worst nuclear accident in US history. The accident at Three Mile Island fueled the nuclear debate in this country that continues to rage to this day. We speak with anti-nuclear activist Harvey Wasserman.
News & Current Affairs
Mar 27, 2009, 19:47:42
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