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Episode 154:
The Gordon Gekko boast in the fictional movie “Wall Street” that “Greed is Good” is really an organizing principle for the financial vultures who rob the country day after day. Today, you will hear two tales of greed and robbery by hedge fund and private equity vultures. First, it’s Paul Singer, the CEO of a hedge fund called Elliott Management, who has a net worth of $3.5 billion, is a political buddy of the Koch brothers and is a funder of climate change deniers. As Beth Allen, the communications director of the Communications Workers of America, explains in our chat Singer now has his sights set on screwing thousands of CWA members who work for AT&T by trying to extort money from AT&T. Then, I circle back with Eileen Appelbaum, the co-director of the Center for Economic and Policy Research, who was on the program just three weeks ago digging into how private equity vultures are behind the plague of surprise medical bills. This week, Eileen and I talk about a sham study that private equity leaders have ginned up to try to deflect the rising chorus of criticism against their tactics. And last up, finally, thankfully, a leading corporate Democrat Gregory Meeks has a primary challenger in New York’s 5th Congressional district—Shaniyat Chowdhury, a great progressive and a proud democratic socialist, chats with me about his campaign.
-- Jonathan Tasini
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Regan Boychuk of Reclaim Alberta says the AER routinely ignores the law.
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Human rights campaigner Samah Hadid discusses Hezbollah's decision to switch from supporting the protests to opposing them, why the prime minister resigned, and why this is not enough to end the protests.
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PG&E cut power to millions throughout California this month as fires blaze across the state. The move has prompted many to call to municipalize the company. Democracy Collaborative researcher Johanna Bozuwa explains.
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Chile pulls out of two major international summits amid mounting protests against austerity and the privatization of virtually every public good.
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Gerald Epstein discusses his new book, a collection of essays on how central banking is shaped, how it shapes the economy, and how it can be made more responsive to people's needs.
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Facebook removed an ad by Adriel Hampton showing Sen. Lindsey Graham backing the Green New Deal, so now he’s running for governor of California to advertise lies until Facebook cleans up its act.
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The Chicago teachers strike has entered its ninth day. Support staff won't cross picket lines even after reaching a deal to end their strike, says Jeffrey Howard, Executive Vice President at SEIU Local 73.
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Despite signing a historic peace deal that should have ended a 50-year insurgency, Colombia is still very much a country at war.
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Marie-Claude Lacroix, two-row wampum liaison of the Kanienkehaka Traditional Council, says Quebec continues to treat indigenous peoples disrespectfully.
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