Weekly Digest - 02/05/10 - uprisingradio.org

Weekly Digest - 02/05/10

Published 5 Feb 2010, 2:26 pm - No Comments -
Filed under Weekly Digest

Our weekly edition is a nationally syndicated one-hour digest of the best of our daily coverage.

This week on Uprising:

* One hour special with Les Leopold on his book The Looting of America

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The Looting of America: How Wall Street’s Game of Fantasy Finance Destroyed Our Jobs, Pensions, and Prosperity — And What We Can Do About It

sotu The monthly jobs report for January is just out, indicating that while Americans lost another 20,000 jobs, the rate of unemployment slowed slightly from 10% in December to 9.7% last month. The fact that Wall Street firms are reporting fairly robust gains, even while new jobs aren’t being created has provided fodder for populist concerns and pushed Democrats to tackle a jobs bill. But such legislation will likely get stuck in the Congressional gridlock that has marked the past year with Republicans refusing to support any domestic legislation proposed by the President. Meanwhile, anger has once more broken out over a new round of bonuses to executives of the once-embattled insurance company AIG. Despite receiving $182 billion in tax-payer funded bailouts, AIG offered more than a $100 million in bonuses to its employees last March. This year, a similar round has been promised to the same set of employees, ostensibly the same people who made decisions to insure toxic bank assets that led to the company’s near demise to begin with. Today we spend the hour taking a look at the intricacies of this recession, in lay person’s language, with author Les Leopold. His new book is called The Looting of America: How Wall Street’s Game of Fantasy Finance Destroyed Our Jobs, Pensions, and Prosperity — and What We Can Do About It. In his book, Leopold says, “While we teeter between an economic recession and another great depression, we need to listen to new voices, not just the so-called financial experts that got us here. We need to start hearing the real truths about what has happened and then figure out what we’re doing about it.”

Sonali’s Subversive Thought for the Day

“Madness is badness of spirit, when one seeks profit from all sources.” — Aristotle

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On the Next Edition of Uprising...

We’ll revisit Afghanistan with news of NATO airstrikes killing election campaigners in the leadup to Parliamentary elections. And, a major hunger strike in Chile has gone on for nearly 2 months - we’ll speak with reporter Jorge Garreton live from Chile. Plus, a discussion with James Loewen, author of the best-selling book Lies My Teacher Told Me: He has a new book called the Confederate and Neo-Confederate Reader.