Tuesday, September 27, 2011

Countdown with Keith Olbermann: Police violence at Occupy Wall Street protests

 
Keith and Occupy Wall Street protester Kelly Heresy discuss the latest documentation of police brutality at the marches and a New York Times report that calls the movement “noble but fractured and airy.” Ten days into the occupation, Heresy — who was one of the first to be pepper sprayed — clarified that the protesters support police officers: “We are not against the cops — the cops are part of the 99 percent — the cops, we would like to believe, are on our side. Because we understand that they have families, they have children, and with budget cuts they could be losing their jobs and pensions as well.”

Friday, September 23, 2011

The men who crashed the world - Meltdown - Al Jazeera English

The first of a four-part investigation into a world of greed and recklessness that led to financial collapse.


In the first episode of Meltdown, we hear about four men who brought down the global economy: a billionaire mortgage-seller who fooled millions; a high-rolling banker with a fatal weakness; a ferocious Wall Street predator; and the power behind the throne.

The crash of September 2008 brought the largest bankruptcies in world history, pushing more than 30 million people into unemployment and bringing many countries to the edge of insolvency. Wall Street turned back the clock to 1929.

But how did it all go so wrong?

Lack of government regulation; easy lending in the US housing market meant anyone could qualify for a home loan with no government regulations in place.

Also, London was competing with New York as the banking capital of the world. Gordon Brown, the British finance minister at the time, introduced 'light touch regulation' - giving bankers a free hand in the marketplace.

All this, and with key players making the wrong financial decisions, saw the world's biggest financial collapse

Watch the video here.

Thursday, September 22, 2011

Elizabeth Warren on Debt Crisis, Fair Taxation



Elizabeth Warren on Debt Crisis, Fair Taxation

“I hear all this, you know, ‘Well, this is class warfare, this is whatever,’” Warren said. “No. There is nobody in this country who got rich on his own — nobody.

“You built a factory out there? Good for you. But I want to be clear. You moved your goods to market on the roads the rest of us paid for. You hired workers the rest of us paid to educate. You were safe in your factory because of police-forces and fire-forces that the rest of us paid for. You didn’t have to worry that marauding bands would come and seize everything at your factory — and hire someone to protect against this — because of the work the rest of us did.

“Now look, you built a factory and it turned into something terrific, or a great idea. God bless — keep a big hunk of it. But part of the underlying social contract is, you take a hunk of that and pay forward for the next kid who comes along.”

Keith Olbermann slams media blackout of #OccupyWallStreet and the teabagger double standard

Wednesday, August 03, 2011

Fault Lines: The Top 1%


The richest 1% of US Americans earn nearly a quarter of the country's income and control an astonishing 40% of its wealth. Inequality in the US is more extreme than it's been in almost a century — and the gap between the super rich and the poor and middle class people has widened drastically over the last 30 years.

Meanwhile, in Washington, a bitter partisan debate over how to cut deficit spending and reduce the US' 14.3 trillion dollar debt is underway. As low and middle class wages stagnate and unemployment remains above 9%, Republicans and Democrats are tussling over whether to slash funding for the medical and retirement programs that are the backbone of the US's social safety net, and whether to raise taxes — or to cut them further.

The budget debate and the economy are the battleground on which the 2012 presidential election race will be fought. And the United States has never seemed so divided — both politically and economically.

How did the gap grow so wide, and so quickly? And how are the convictions, campaign contributions and charitable donations of the top 1% impacting the other 99% of Americans? Fault Lines investigates the gap between the rich and the rest.

This episode of Fault Lines first aired on Al Jazeera English on August 2, 2011.

Sunday, July 31, 2011

Moon volcanoes and global warming


Bill Nye-the-Science-Guy explains to some dimwit wingnut on Fox News that moon volcanoes are not part of global climate change. But the priceless moment is the look and pause that Bill Nye gives this low-watt bulb right after he is asked about global warming from moon volcanoes.