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Episode 157:
Deval Patrick has become very, very rich since leaving the post of Massachusetts governor. That’s what happens when you become a managing director of Bain Capital, one of the behemoths in the private equity industry. Patrick became rich working for a company—being a managing director of a company—that has screwed thousands of workers, especially 30,000 workers for Toys R Us who don’t have a job today because Bain Capital, with Patrick in the leadership, drove that company into liquidation. I talk about Bain Capital’s role in the demise of Toys R Us with Jim Baker, executive director of the Private Equity Stakeholder Project.
Over a decade ago, I started reading about something called a “Financial Transactions Tax”. It’s often also called a “Tobin Tax” after its creator, economist James Tobin, and it originally focused on taxing currency speculation. But a broader idea is popular: each time a Wall Street trade is made, a very, very, very, tiny tax is levied—which could raise hundreds of billions of dollars, perhaps $1.5 trillion over the next decade. Rep. Peter DeFazio (D-OR) proposed the tax way back in 2008; Bernie Sanders has been for it, and made it part of his 2016 presidential campaign—and both of them are pushing some version of the tax right now in Congress. Jessica Schieder of the Institute for Taxation and Economic Policy, who recently co-authored a paper on the financial transaction tax, chats with me about what the heck it is.
-- Jonathan Tasini
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The Police Accountability Report obtained an exclusive recording of a 911 operator threatening to arrest a caller complaining about a SWAT team that stormed her property without a warrant. The call is part of our ongoing investigation into the arrest of Columbus, OH resident Nick Pettit, who was charged after filming officers slapping a suspect.
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Despite the ongoing police siege of Hong Kong's Polytechnic University and a growing number of injured protesters, the predicted mainland intervention against the 6-month old protest movement is unlikely to happen, says Prof. Sean Starrs from Hong Kong.
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The stopgap funding bill, which postpones a government shutdown, also includes a barely noticed 3-month renewal of the Patriot Act's warrantless data collection.
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Omar Shakir published reports of human rights abuses not only in Israel, but also by the Palestinian Authority and Hamas. Despite this, Israel is increasingly afraid of any criticism and is stepping up repressive measures.
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Shortly after meeting with Hungary's far-right prime minister Viktor Orban, Turkey's President Erdogan met with President Trump. Erdogan is spinning the war in Syria as promoting the interests of the far right in order to gather support for his policies from Islamophobic politicians.
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Former political prisoner Eddie Conway hosts this special episode of Rattling the Bars highlighting political prisoners that are still imprisoned after several decades.
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When the Organization of American States misled everyone into thinking that Bolivia's presidential elections were fraudulent, it made the coup against Evo Morales possible, says CEPR's Mark Weisbrot.
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Comcast Corp. v. National Association of African-American Owned Media might seem like a simple David and Goliath story of a Black entrepreneur fighting white-owned corporate power. But the implications of the pending SCOTUS ruling reach further than many realize.
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In state and national elections, Democratic politicians court the power of Black women's votes. But are the issues that shape and impact the lives of Black women really respected by, and reflected in, the policies of the political class that courts them so heavily?
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