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This week on Uprising:

* Iran’s Revolutionary Guard to be Put on US Terrorist List
* Empire Notes on Impeachment – Part 2
* Mattel Recalls Millions of Chinese-made Toys
* Black Agenda Report about Karl Rove
* A Deeper Look at the Failing US Economy

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Iran’s Revolutionary Guard to be Put on US Terrorist List

GUEST: David Barsamian, founder and director of Alternative Radio, heard on KPFK on Fridays at 3 pm, his latest book is Targeting Iran with Noam Chomsky, Ervand Abrahamian, Nahid Mozaffari

Earlier this week, a Bush administration official said the U.S. planned to list Iran’s Revolutionary Guard as a terrorist group. The Revolutionary Guard is estimated at between 125,000 to 200,000 and is an elite force separate from Iran’s regular military. It has its own ground, naval and air units. This is the first time the US will put a foreign government’s military agency on the list. The US’s terrorist list also features Al Qaeda, Hamas, and Hezbollah. A senior Iranian cleric said on Friday that Bush’s move could invite a fight with Iran that the US could not win. He also said that the listing would be a matter of pride for the Revolutionary Guard.

For more information, visit www.alternativeradio.org.

Empire Notes on Impeachment – Part 2

GUEST: Rahul Mahajan, author of Full Spectrum Dominance and The New Crusade

Empire Notes are weekly commentaries filed by Rahul Mahajan, author of Full Spectrum Dominance and The New Crusade. Today we’ll hear part 2 of Rahul’s thoughts on Impeachment.

Empire Notes is online at www.empirenotes.org.

Mattel Recalls Millions of Chinese-made Toys

GUESTS: Mark Schapiro, Editorial Director at the Center for Investigative Reporting, author of Exposed: The Toxic Chemistry of Everyday Products and What’s at Stake for American Power, Jessica Frohman, Co-Chair of the National Toxins Committee at Sierra Club

The largest toy company in the United States, Mattel Inc, has recalled millions of Chinese-made toys due to safety risks from the magnets and lead paint. This is the second major recall in less than a month. The company warned it may recall additional products. China has been struggling to convince the world market that its products are safe after a series of scandals since the beginning of this year, over everything from tainted pet food to toothpaste, tires and toys. The U.S. toy industry is under growing pressure from lawmakers and the Consumer Product Safety Commission to launch a testing program to ensure the safety of products from China. This latest Mattel recall comes on the heels of Monday’s news that the head of a Chinese factory that produced recalled Fisher-Price toys had committed suicide. Meanwhile, several Chinese factories have been shut down and thousands of workers sent home.

For more information, visit www.sierraclub.org/lead, and for information on recalls from the Consumer Product Safety Commission, visit www.cpsc.gov.

Black Agenda Report about Karl Rove

GUEST: Glen Ford is a writer and radio commentator and the Executive Editor of The Black Agenda Report

This week’s commentary is about Karl Rove. Visit www.blackagendareport.com for more information.

A Deeper Look at the Failing US Economy

GUEST: Dean Baker, Co-Director of Center of Economic and Policy Report, author of the report, “Midsummer Meltdown: Prospects for the Stock and Housing Markets”

Late last week, the Federal Reserve Bank issued a statement saying that it would seek to “facilitate the orderly functioning of financial markets.” Wall Street followed the statement and cash infusions from the bank with a volatile day of activity capping another week of instability. Global markets followed suit and dipped as they were unnerved by the U.S. credit crisis. One of the main reasons cited for the crisis is the continued defaults in the mortgage market. Though the volatility of the market caught some analysts by surprise, a new report from the Center for Economic and Policy Research argues otherwise. The report, “Midsummer Meltdown: Prospects for the Stock and Housing Markets,” analyzes instability on the grounds that market fundamentals were ignored in both policy circles and the media. Instability in the housing market has lead to a record oversupply of unsold homes and vacant ownership and rental units. The report concludes that correcting this problem alone could lead the U.S. economy into a severe recession.

Download the report here: www.cepr.net/documents/publications/meltdown_2007_08.pdf

For more information, visit www.cepr.net.

Sonali’s Subversive Thought for the Day:

Al Capone was alleged to have once said, “Capitalism is the legitimate racket of the ruling class.”