Economy

Show Details for the week of February 6th, 2017

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On The Monitor this week:

  • A round up of US national security news with Jonathan Landay
  • William Black on the Trump administration’s dismantling of the Obama administration’s already insufficient post-2008 financial regulations

More about this week’s guests:

Jonathan Landay is a reporter for Reuters covering national security. He previously worked for McClatchy/Knight-Ridder, the Christian Science Monitor, and United Press International. Landay partnered with Warren Strobel on a series of stories skeptical of the George W. Bush administration’s claims about Iraq’s weapons of mass destruction as justification for war; they received the Raymond Clapper Memorial award from the Senate Press Gallery for their work. Landay, Marisa Taylor, and Ali Watkins were 2015 Pulitzer Prize finalists for their work on the Senate Intelligence Committee’s report regarding the CIA’s torture programs. You can read his latest stories here.
William K. Blackwilliam black's portrait, J.D., Ph.D. is Associate Professor of Law and Economics at the University of Missouri-Kansas City. Bill Black has testified before the Senate Agricultural Committee on the regulation of financial derivatives and House Governance Committee on the regulation of executive compensation. He was interviewed by Bill Moyers on PBS, which went viral. He gave an invited lecture at UCLA’s Hammer Institute which, when the video was posted on the web, drew so many “hits” that it crashed the UCLA server. He appeared extensively in Michael Moore’s most recent documentary: “Capitalism: A Love Story.” He was featured in the Obama campaign release discussing Senator McCain’s role in the “Keating Five.” (Bill took the notes of that meeting that led to the Senate Ethics investigation of the Keating Five. His testimony was highly critical of all five Senators’ actions.) He is a frequent guest on local, national, and international television and radio and is quoted as an expert by the national and international print media nearly every week. He was the subject of featured interviews in Newsweek, Barron’s, and Village Voice.

Show Details for the week of September 19th, 2016

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On The Monitor this week:
  • The Wells Fargo scandal and settlement with William Black
  • U.S. Violation of Syrian Ceasefire with Reese Erlich
More about our guests:

 

bill-black-0409_018_bwBill Black is an associate professor of economics and law at the University of Missouri Kansas City (UMKC). He was the executive director of the Institute for Fraud Prevention from 2005-2007. He previously taught at the LBJ School of Public Affairs at the University of Texas at Austin and at Santa Clara University, where he was also the distinguished scholar in residence for insurance law and a visiting scholar at the Markkula Center for Applied Ethics.

Background:

The Los Angeles Times reports this morning: “The Senate Banking Committee will hold a hearing Tuesday on aggressive sales tactics employed by Wells Fargo employees that led to a $185-million settlement package with federal and state regulators. Five senators requested a committee investigation into the bank’s pressure-cooker sales practices that pushed thousands of Wells Fargo employees to open as many as 2 million accounts that customers never asked for. Scheduled to testify at the hearing are John Stumpf, chief executive of the San Francisco-based bank, and Richard Cordray, director of the Consumer Financial Protection Bureau.”

Professor Black was litigation director of the Federal Home Loan Bank Board, deputy director of the FSLIC, SVP and general counsel of the Federal Home Loan Bank of San Francisco, and senior deputy chief counsel, Office of Thrift Supervision. He was deputy director of the National Commission on Financial Institution Reform, Recovery and Enforcement.

His book, The Best Way to Rob a Bank is to Own One (University of Texas Press 2005)

 

Reese Erlich is a veteran foreign correspondent. Erlich’s books include The Iran Agenda: The Real Story of U.S. Policy and the Middle East Crisis, Conversations with Terrorists: Middle East Leaders on Politics, Violence and Empire, Inside Syria: The Backstory of Their Civil War and What the World Can Expect.

Reese Erlich‘s history in journalism goes back 42 years. He first worked as a staff writer and research editor for Ramparts, an investigative reporting magazine published in San Francisco from 1963 to 1975. Today he works as a full-time print and broadcast, freelance reporter. He reports regularly for National Public Radio, CBC, ABC (Australia), Radio Deutche Welle and Market Place Radio. His articles appear in the SF Chronicle and Dallas Morning News. His television documentaries have aired on PBS stations nationwide.

Erlich’s book, Target Iraq: What the News Media Didn’t Tell You co-authored with Norman Solomon, became a best seller in 2003. The Iran Agenda: The Real Story of US Policy and the Middle East Crisis was published in 2007. Dateline Havana: The Real Story of US Policy and the Future of Cuba was published in 2009. Conversations with Terrorists: Middle East Leaders on Politics, Violence and Empire, was published in 2010. The paperback edition of Erlich’s book Inside Syria: The Backstory of Their Civil War and What the World Can Expect was published this week.

Erlich shared a Peabody Award in 2006 as a segment producer for Crossing East, a radio documentary on the history of Asians in the US. In 2004 Erlich’s radio special “Children of War: Fighting, Dying, Surviving,” won a Clarion Award presented by the Alliance for Women in Communication and second and third place from the National Headlines Awards.

Quote: “The U.S. bombed Syrian government soldiers and a Syrian military base, with estimates off 62-90 dead and over 100 wounded. The U.S. says the attack was accidental. However, on Sunday, Secretary of State John Kerry attacked the Assad regime for continuing its air strikes and for not allowing delivery of relief supplies to besieged cities — only briefly apologizing for the U.S.-caused death and destruction. The tone of the comments suggest the bombing raid was an intentional effort to pressure Assad and the Russians. Regardless of the intent, objectively the attacks are a huge setback to the announced U.S.-Russian ceasefire and proposed military cooperation against extremist rebels. The Russian government has called for a special meeting of the UN Security Council to discuss the matter.”

Show Details for the week of August 22nd, 2016

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On The Monitor this week:
  • On the Cynicism of the Clinton Foundation with Ken Silverstein
  • On America’s Racial Wealth Divide with Josh Hoxie
More about this week’s guests:
ken-silverstein-675Ken Silverstein is a Washington, D.C. based investigative reporter. He wrote the piece “Shaky Foundations: The Clintons’ so-called charitable enterprise has served as a vehicle to launder money and to enrich family friends” for Harper’s Magazine. He just launched Washington Babylon, which features “shockingly true stories of political sleaze.” He is also a columnist for the New York Observer and a contributing editor to VICE. You can read his full bio here.
Quote: “This move by the Clinton Foundation is an acknowledgement that they shouldn’t have done it in the first place. Further, it’s outrageous that they are saying they won’t take foreign money — if Hillary Clinton wins. So, they will keep taking it if she loses — perhaps to facilitate Chelsea Clinton’s political career? This is clearly a totally cynical political move. If Hillary Clinton wins, which seems incredibly likely now, the Clinton Foundation would have served its purpose. It helped portray them as do-gooders while they used it to solidify their corrupt brand of politics on the country and enriched their cronies.”
Silverstein has reported: “It is beyond dispute that former President Clinton has been directly involved in helping foundation donors and his personal cronies get rich. Even worse, it is beyond dispute that these very same donors and the Clintons’ political allies have won the focused attention of presidential candidate Hillary Clinton when she served as Secretary of State. Democrats and Clinton apologists will write these accusations off as conspiracy mongering and right-wing propaganda, but it’s an open secret to anyone remotely familiar with accounting and regulatory requirements for charities that the financial records are deliberately misleading.”

josh-hoxieJosh Hoxie is the director of the Project on Opportunity and Taxation at the Institute for Policy Studies. Josh joined the Institute for Policy Studies in August 2014 heading up the Project on Opportunity and Taxation. Josh’s main focus is on addressing wealth inequality through the estate tax, a levy on the intergenerational transfer of immense wealth. Josh grew up on Cape Cod, Massachusetts and attained a BA in Political Science and Economics from St. Michael’s College in Colchester, Vermont.

Josh worked previously as a Legislative Aide for U.S. Senator Bernie Sanders of Vermont, the longest serving independent in Congressional history, both in his office in Washington, DC and on his successful 2012 re-election campaign.

According to a new report, it would take the average black family 228 years to accrue the same amount of wealth that white families have today. The report is called The Ever-Growing Gap: Failing to Address the Status Quo Will Drive the Racial Wealth Divide for Centuries to Come . Josh is one of the main authors. You can read analysis of the report here by Chuck Collins (senior scholar at the Institute for Policy Studies where he directs the Program on Inequality and the Common Good (www.inequality.org) and Dedrick Asante-Muhammed (director of the Racial Wealth Divide Initiative at the Corporation for Enterprise Development).

The report release coincided with the 2nd anniversary of the shooting death of Michael Brown by a Ferguson, MO. police officer, which spawned the Black Lives Matter movement and calls for racial justice across all segments of society. Here’s a summary of key findings within the report:

  • “If current federal wealth-building policies remain in place, it will take the average African-American family 228 years to amass the same amount of wealth that white families have today and it will take Latino families 84 years to reach that goal
  • “By 2043, when households of color will constitute a majority of the U.S. population, the racial wealth divide between white households and African- American and Latino households will have doubled from about $500,000 in 2013 to $1 million.
  • “The Forbes 400 will see their average wealth skyrocket to $48 billion by 2043—more than eight times the amount they hold today. During that same period, the average wealth for white families will increase by 84% to $1.2 million compared to $165,000 for Latino families (69% growth) and $108,000 for African-American households (27% growth).”

The Corporation for Enterprise Development and IPS call for a range of reforms to address the problem, including fixing an “upside down” tax system that currently doles out more than half a trillion dollars annually to help primarily wealthy households get wealthier, while providing almost nothing to lower-income households.

Show Details for the week of August 8th, 2016

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On The Monitor this week:

  • Deconstructing environmental party politics with Dahr Jamail
  • Bernie Sanders supporters going Green with YahNe Ndgo

More about this week’s guests:

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Dahr Jamail is a journalist who is best known as one of the few unembedded journalists to report extensively from Iraq during the 2003 Iraq invasion. He spent eight months in Iraq, between 2003 to 2005, and presented his stories on his website Dahr Jamail’s Mideast Dispatches

He has appeared on The Monitor with Mark Bebawi several times in the past, including live unembedded reports from Iraq at the height of the US invasion. Since his return he has written two books – “The Will to Resist: Soldiers Who Refuse to Fight in Iraq and Afghanistan,” (Haymarket Books, 2009), and “Beyond the Green Zone: Dispatches From an Unembedded Journalist in Occupied Iraq,” (Haymarket Books, 2007).

More recently Dahr has been covering environmental topics. You can read his latest articles on his website. The interview will focus on the policies of the various parties on climate change.

dv-xlagoYahNe Ndgo describes herself as “Bernie Lover, Ubuntu Promoter, Singer, Writer, Activist, Traveler, Mother, Sister, Auntie, Daughter, Granddaughter, Cousin, Friend, Neighbor, Lover, Human Being” and gained significant attention when a CNN interview she gave went “viral”: YahNe Ndgo explains Bernie or Bust/Never Hillary

She was one of the keynote speakers at the Green Party’s convention in Houston and I interviewed her for Pacifica’s live coverage of that event. I asked her about the Sanders campaign, his supporters’ potential for voting Green, and what motivates her political activities.

Show Details for the week of May 30th, 2016

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On The Monitor this week:

  • Issa Touma on events in Syria and the media’s coverage of the conflict
  • Matthew Charles Cardinale on the SMART alternative to the American Legislative Exchange Council (ALEC)
More about this week’s guests:

6849954Issa Touma, a photographer and curator based in Aleppo (Syria). His photographic work has been show in international collections, including the Victoria & Albert Museum, London. From his bio on lensculture.com: “Finding himself isolated from the international art community in his own country, Touma established the Black and White Gallery, the first photography gallery in the Middle East, in 1992. After its closure in 1996, Touma founded Le Pont, an independent art organization and gallery that promotes freedom of expression and stimulates the local art scene through international events. In 1997, he started the International Photography Festival Aleppo, which despite the horrors and uncertainties of the conflict, continues to take place every year.”

You can see examples of his pictures online at Le Pont He recently made documentary called 9 Days – From My Window in Aleppo which you can also see online

smart-alec-barb-and-matt
Matthew Cardinale and Barbara Payne

Show Details for the week of May 23rd, 2016

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KPFT is in Pledge Drive and this is your final chance to support The Monitor. The show has a goal of $650 for the hour. Please call 713.526.5738 during the show to pledge your support. You can also donate securely online at https://pledge.kpft.org/ Just select The Monitor from the list of shows and enter your details. Thank you!

This week we feature an interview with Mark Karlin during which we will discuss some of his recent articles and the importance of independent media.

More about this week’s guest:

markkarlin-0Mark Karlin is the editor of BuzzFlash at Truthout. He served as editor and publisher of BuzzFlash for 10 years before joining Truthout in 2010. BuzzFlash has won four Project Censored Awards. Karlin writes a commentary five days a week for BuzzFlash, as well as articles (ranging from the failed “war on drugs” to reviews relating to political art) for Truthout. He also interviews authors and filmmakers whose works are featured in Truthout’s Progressive Picks of the Week. Before linking with Truthout, Karlin conducted interviews with cultural figures, political progressives and innovative advocates on a weekly basis for 10 years. He authored many columns about the lies propagated to launch the Iraq War.

Some of his recent articles:

Thomas Frank: Bill Clinton’s Five Major Achievements Were Longstanding GOP Objectives

Co-Chair of 9/11 Task Force Wants Secret Saudi Involvement Document Released

Terrorism Is Profitable for US Weapons Manufacturers

Donald Trump Claims He Didn’t Know His Former Butler for Many Years and Current Pal Is a Rabid Racist, Misogynist and Islamophobic in the Most Vulgar Way

Thank you gifts!

You can still get a copy of Peter Van Buren’s We Meant Well: How I 51avkcm9n5l-_sx327_bo1204203200_Helped Lose the Battle for the Hearts and Minds of the Iraqi People by pledging $60 or more to support KPFT and The Monitor.

 

We also still have copies of Nation on the Take by Wendell Potter and Nick Penniman as a NationOnTheTakehirezthank you gift for your donation of $90 or more. This book exposes legalized corruption and links it to kitchen-table issues. We spoke to Wendell on the April 25th show so take a list to that for a preview of the book

Show Details for the week of April 25th, 2016

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On The Monitor this week:

  • Wendell Potter discusses his book Nation on the Take: How Big Money Corrupts our Democracy and What We can do about it
  • Money and Musicals – Gerald Horne on Alexander Hamilton, Andrew Jackson, and Harriet Tubman

More about this week’s guests:

Wendell Potter
NationOnTheTakehirezWendell hi rez headshotFollowing a 20-year career as a corporate public relations executive, Wendell left his position as VP of Communications for Cigna, one of the nation’s largest health insurers, to advocate for meaningful health care reform and to help organizations working for the greater good achieve their goals. In widely covered Congressional hearings, Wendell disclosed how insurance companies, to boost profits, engage in practices that have forced millions of Americans into the ranks of the uninsured, and use deceptive PR tactics to undermine health care reform.
His book, “Deadly Spin: An Insurance Company Insider Speaks out on how Corporate PR is Killing Health Care and Deceiving Americans,” is a stark warning that corporate spin is distorting our democracy. Wendell is also the author of “Obamacare: What’s in it for me? What everyone needs to know about the Affordable Care Act.” Wendell is a regular contributor for The Huffington Post and HealthInsurance.org.
Wendell’s latest book, coauthored by Nick Penniman is “Nation on the Take: How Big Money Corrupts Our Democracy and What We Can Do about It,” which exposes legalized corruption and links it to kitchen-table issues citizens face every day.

Gerald Horne

gerald20horne20photo1Gerald Horne holds the John J. and Rebecca Moores Chair of History and African American Studies at the University of Houston. His research has addressed issues of racism in a variety of contexts involving labor, politics, civil rights, international relations and war. He has also written extensively about the film industry. Dr. Horne received his Ph.D. in history from Columbia University and his J.D. from the University of California, Berkeley and his B.A. from Princeton University. Dr. Horne’s undergraduate courses include the Civil Rights Movement and U.S. History through Film. He also teaches graduate courses in Diplomatic History, Labor History and 20th Century African American History. Dr. Horne uses a variety of teaching techniques that enrich his classes and motivate students to participate.

13717-3Quote: “The U.S., as an artificially constructed former settler state, has a problem of unity — not least of all with its African20-dollar-bill-transfer-transferframe198 American population. Many nations have to construct a mythology to achieve unity. The U.S. myth of the Founding Fathers has revolved around Washington and Jefferson, but both have been scrutinized. Alexander Hamilton is now in effect being put forward, but he was the captain of the one percent — he represented the interests of big finance at the beginning of the United States. He personified the grievances that continue, and that the Sanders campaign and — to a degree the Trump campaign — have objected to. So, if you have a multiracial, hip hop cast in this musical, you pretend we’re achieving national unity. The actual historical record is so very different. Britain was moving toward abolition, so in 1776, the slave owners rebelled. That’s in large part the origin of the United States. In terms of Alexander Hamilton the man, he migrated to the mainland from the Caribbean as the enslaved Africans became more rebellious. The elite whites could no longer control the situation though the region had been considered the crown jewel of the British empire in this hemisphere. His coming to what became the U.S. was actually an example of what we’d call white flight. Much of our political climate is continuously obscured because we still haven’t come to terms with the racist and economic realities of the United States from its origin. That allows for many poor whites to align politically with white elites rather than with black folks.”

Among his most recent publications

  • Race to Revolution:  The U.S. and Cuba During Slavery and Jim Crow, 2014.
  • The Counter-Revolution of 1776:  Slave Resistance and the Origins of the United States of America, 2014.
  • Black Revolutionary:  William Patterson and the Globalization of the African-American Freedom Struggle, 2014.