joseph stiglitz
Democracy Now! Thursday, April 7, 2011
This week Republicans unveiled a budget proposal for 2012 that cuts more than $5.8 trillion in government spending over the next decade. The plan calls for sweeping changes to Medicaid and Medicare, while reducing the top corporate and individual tax rates to 25 percent. We speak to Nobel Prize-winning economist Joseph Stiglitz, who addresses the growing class divide taking place in the United States. The deepest cuts in the Republican’ s 2012 budget proposal come from programs that serve the poor, including nutrition, student loans and especially healthcare. We speak to Joe Baker of President of the Medicare Rights Center and Elisabeth Benjamin of the Community Service Society of New York. Today Democracy Now! co-host Juan Gonzalez receives the George Polk Award for Commentary for his columns in the New York Daily News that exposed a major scandal of New York City Mayor Michael Bloomberg’s CityTime program. Wilbert Rideau was imprisoned for 44 years at the Angola Louisiana State Penitentiary before he won his release in 2005. While he was in prison he was editor of the "Angolite," a newspaper produced by inmates, and became an award-winning journalist. He received the George Polk Award for Special Interest Reporting in 1979 for his outstanding contributions to public understanding of the criminal justice and prison systems. More than three decades later, he will be honored today at the 62nd Annual George Polk Awards for journalists. Democracy Now!, a daily independent newshour.
Email this pageDemocracy Now!: Thur. Feb. 18 2010
Nobel economist Joseph Stiglitz on Obama's stimulus plan, debt, climate change and his book, "Freefall: America, Free Markets and the Sinking of the World Economy." President Obama has pledged $8.3 billion in loan guarantees needed to build the first nuclear reactors in nearly three decades, which represents a new federal commitment to the nuclear power sector. We go to independent journalist and longtime anti-nuclear activist Harvey Wasserman, who helped found the grassroots movement against nuclear power in the United States in the 1970s, for background and comments. "Democracy Now!" is a daily independent newshour.
GRITtv: The F Word: What the Government and Big Banks Have Failed to Learn
Too big to fail -- do you ever wish you'd never heard that phrase. Put it up there with the global war on terror and the end of history. As President Obama addressed Wall Street and talked up modest regulatory reform, the giant elephant in the room was the fact that through this crisis those already too big banks have only gotten bigger. This is what Nobel Prize winning economist Joseph Stiglitz said the other day. So don't take it from me. Speaking from France, Stiglitz also said that the problems are worse now than they were before the crisis. But there is another side of the story -- the mouse that's not allowed into the room on Wall Street. Throughout this year of crisis small banks and community banks have fared much better. Why? Because they had a closer relationship with their clients. They weren't too big to care. And, in general, the 8,000 regional and community banks in the United States have remained healthy. ... Instead of bailing out the big banks, maybe Obama could give credit where credit is due. To small, local institutions that aren't underwater and that might actually be the place to turn for swimming lessons. Not the elephants. -- Laura Flanders
GRITtv: F Word: What the Government and Big Banks Have Failed to Learn
Too big to fail -- do you ever wish you'd never heard that phrase? Put it up there with the global war on terror and the end of history. As president Obama addressed Wall Street and talked up modest regulatory reform, the giant elephant in the room was the fact that through this crisis those already too big banks have only gotten bigger. This is what Nobel Prize winning economist Joseph Stiglitz said the other day. So don't take it from me. Speaking from France, Stiglitz also said that the problems are worse now than they were before the crisis. But there is another side of the story -- the mouse that's not allowed into the room on Wall Street. Throughout this year of crisis small banks and community banks have fared much better. Why? Because they had a closer relationship with their clients. They weren't too big to care. And, in general, the 8,000 regional and community banks in the United States have remained healthy. And they?re the ones being foreclosed on. Instead of bailing out the big banks, maybe Obama could give credit where credit is due.
