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UK, US and Chinese ports are all suffering from congestion for a number of reasons, compounding the disruption to global supply chains that started with the pandemic. LoriAnn LaRocco, maritime trade analyst and author explains why so many different parts of the world are suffering all at the same time. The IMF has lowered its projections for global economic growth and warns on inflation, meanwhile G20 countries pledge billions to support Afghanistan's economy, a former World Bank employee, Mohib Iqbal gives us his opinion. The world's cement producers aim to drastically reduce their CO2 emissions, Thomas Guillot, CEO of the Global Cement and Concrete Association tells us how, and we hear about measures to control rising rents in Berlin. Our guests are Alexis Goldstein, financial reform advocate in Washington DC and Dimuthu Attanayake, journalist and researcher from Colombo, Sri Lanka. (Photo: Credit Getty Images)
Leading Democrats in the U.S. House of Representatives have outlined plans for a substantial roll-back of former President Donald Trump's tax cuts, including raising the top tax rate on corporations to 26.5% from 21%. Democrats on the powerful House Ways and Means Committee will debate legislation this week that would achieve the changes as part of their broader, $3.5 trillion domestic investment plan. James Politi, the Washington bureau chief for the Financial Times Newspaper, explains the political strategy by the Biden administration. China's clampdown on technology companies is targeting the country's largest digital payment platform Alipay, which serves more than a billion users. Beijing is also expected to force Alipay's parent, Ant, founded by the billionaire Jack Ma, to hand over the user data on which it relies for making its loans. Isabel Hilton, the founder of China Dialogue and an expert on the country with Lao Institute at Kings College, gives us her analysis. The retail giant Walmart has been the victim of fake news, after a false story was reported about it doing a deal for customers to use the digital currency Litecoin. We hear how the company's shares were affected and how the fake story was spread. Throughout the programme we also get the views of Alexis Goldstein, an activist and financial reform advocate in Washington DC and Shuli Ren, an opinion writer with Bloomberg in Hong Kong. (Picture: US Capitol Building. Getty Images.)
Biden said there was never a good time to withdraw US forces from Afghanistan, but the situation has "unfolded quicker than expected". Dr Kamran Bokhari, director of analytical development at the Newlines Institute in Washington DC tells us that a lack of effective political and economic governance led the Afghan National Army to melt away and let the Taliban re-take the country. Plus, Daniel Arango, Disaster Management Coordinator at International Federation of Red Cross and Red Crescent Societies, gives us the latest on the situation in Haiti, where tropical storm Grace is making landfall, only days after a deadly earthquake hit the country. Also in the show, extra countries have been added to the service expected to be provided by the new 2Africa undersea internet cable being laid between Europe and two dozen African nations. The BBC's Zoe Kleinman explains why the new cable is needed. Plus, our regular workplace commentator Peter Morgan examines the lessons learned from an experiment in Iceland to offer thousands of workers shorter hours, without any reduction in pay. All this and more discussed with our two guests on opposite sides of the world: Alexis Goldstein, an activist and financial reform advocate in Washington DC. And Lien Hoang, a reporter with Nikkei Asia, in Ho Chi Minh City, Vietnam. (Picture: US President Joe Biden gestures as he gives remarks on the worsening crisis in Afghanistan from the White House August 16, 2021. Credit: Getty Images.)
Zhengzhou, a central Chinese city, with 10,000,000 inhabitants has been paralysed by record-breaking floods and more rain in one day than it usually gets in a year. So how the climate crisis be tackled? We get analysis from Micheal Mann, distinguished professor of atmospheric science at Penn State University and the author of The New Climate War. Also in the programme, UNESCO has decided to strip Liverpool of World Heritage status, saying new developments resulted in a "serious deterioration" of the historic site. But do these titles mean that much to a city's prospects or prosperity? We get analysis from Liam Thorp of the Liverpool Echo newspaper. And Peter Jankovskis brings us the latest news from the financial markets.. Also in the programme, UNESCO has decided to strip Liverpool of World Heritage status, saying new developments resulted in a "serious deterioration" of the historic site. But do these titles mean that much to a city's prospects or prosperity? We get analysis from Liam Thorp of the Liverpool Echo newspaper. Also in the programme, to visit a French museum, gallery or cinema from today, you will need a Covid passport demonstrating vaccination, a recent negative test, or recovery from coronavirus in the past six months. Foulques d'Aboville is administrator of the Jacquemart-Andre museum in Paris, and gives us his reaction to the development. Plus, the BBC's Nisha Patel reports on the potential future economic impact of school coronavirus closures on the next generation of the world's workforce, whose education was impacted since the start of the pandemic. And we're joined throughout the programme in Manilla by Karen Lema, Reuters Bureau Chief for the Philippines and in Washington DC, activist and financial reform advocate Alexis Goldstein. (Picture: A flooded road in Zhengzhou. Picture credit: EPA.)
An interview with a congressman followed by a congressional hearing on crypto signal policymakers are moving to the next phase of talks about regulating crypto. Troubling comments in Congressman Bill Foster's interview with Axios Upcoming committee hearing titled ominously “America on ‘FIRE:' Will the Crypto Frenzy Lead to Financial Independence and Early Retirement or Financial Ruin?” Foster has historically been a champion of the crypto market: He is a co-chairman of the Congressional Blockchain Caucus and was previously supportive of the future of crypto. However, in his recent Axios interview, his tone flipped, as he went as far as to suggest the need for a “cryptographic backdoor” to allow the court the ability to view or even reverse transactions. Is Foster's new viewpoint indicative of a greater shift in policymakers' attitude toward crypto regulation? Today's House Committee on Financial Services hearing with a particularly colorful title is yet another signal for an upcoming regulatory push in crypto. The hearing's agenda includes a discussion of bad actors on decentralized currency exchanges, or DEX, including a reference to Mark Cuban's recent loss of money in a DeFi “rug pull.” With an expert witness lineup, including Jim Cramer of “Mad Money,” Alexis Goldstein of the Open Markets Institute and Peter Van Valkenburgh of CoinCenter, there is quite a mixed set of viewpoints on the current state and future of crypto. -- Earn up to 12% APY on Bitcoin, Ethereum, USD, EUR, GBP, Stablecoins & more. Get started at https://nexo.io/ -- Enjoying this content? SUBSCRIBE to the Podcast Apple: https://podcasts.apple.com/podcast/id1438693620?at=1000lSDb Spotify: https://open.spotify.com/show/538vuul1PuorUDwgkC8JWF?si=ddSvD-HST2e_E7wgxcjtfQ Google: https://podcasts.google.com/feed/aHR0cHM6Ly9ubHdjcnlwdG8ubGlic3luLmNvbS9yc3M= Follow on Twitter: NLW: https://twitter.com/nlw Breakdown: https://twitter.com/BreakdownNLW The Breakdown is produced and distributed by CoinDesk.com
U.S. hearing on crypto indicates policymakers' increasing intention to regulate the crypto market.This episode is sponsored by Nexo.io.An interview with a congressman followed by a congressional hearing on crypto signal policymakers are moving to the next phase of talks about regulating crypto.Troubling comments in Congressman Bill Foster's interview with AxiosUpcoming committee hearing titled ominously “America on ‘FIRE:' Will the Crypto Frenzy Lead to Financial Independence and Early Retirement or Financial Ruin?”Foster has historically been a champion of the crypto market: He is a co-chairman of the Congressional Blockchain Caucus and was previously supportive of the future of crypto. However, in his recent Axios interview, his tone flipped, as he went as far as to suggest the need for a “cryptographic backdoor” to allow the court the ability to view or even reverse transactions. Is Foster's new viewpoint indicative of a greater shift in policymakers' attitude toward crypto regulation?Today's House Committee on Financial Services hearing with a particularly colorful title is yet another signal for an upcoming regulatory push in crypto. The hearing's agenda includes a discussion of bad actors on decentralized currency exchanges, or DEX, including a reference to Mark Cuban's recent loss of money in a DeFi “rug pull.” With an expert witness lineup, including Jim Cramer of “Mad Money,” Alexis Goldstein of the Open Markets Institute and Peter Van Valkenburgh of CoinCenter, there is quite a mixed set of viewpoints on the current state and future of crypto.-Nexo.io lets you borrow against your crypto at 6.9% APR, earn up to 12% on your idle assets, and exchange instantly between 100+ market pairs with the tap of a button. Get started at nexo.io.-Image credit: franckreporter/iStock/Getty Images, modified by CoinDesk
The cryptocurrency Bitcoin has fallen below $30,000 for the first time in five months, after China told its banks to stop supporting digital currency transactions. Winston Ma is the author of The Digital War: How China's Tech Power Shapes the Future of AI, Blockchain and Cyberspace, and brings us analysis. Around 5.2 people became millionaires last year, making up more than 1% of the world's population for the first time in history. That's according to a report from Credit Suisse. We speak to Ruchir Sharma, an investor and author who has been researching the growing wealth of billionaires around the world. And Jason Berry of from the Mental Health Productivity Pilot, which helps employers to understand the link between productivity and mental health, tells us why Bumble's decision to give its employees a week off to 'destress' isn't necessarily a good idea. Jamie Robertson is joined throughout the programme by Samson Ellis, Taipei bureau chief at Bloomberg in Taiwan, and by Alexis Goldstein, senior policy analyst at Americans for Financial Reform who's in Washington. (Picture: Bitcoin cryptocurrency coins. Picture credit: Getty Images)
There is still disagreement between countries over whether to waive Covid vaccine patents, in an attempt to boost production globally. Germany is the latest country to voice its opposition to the proposal. We hear from leaders around the world, and both sides of the argument for waiving patents. Also in the programme, we speak to Shannon Poulin, corporate vice president at Intel, about how the company is dealing with the current shortage of semi-conductors. And we hear how delivery drivers in Indonesia are using apps to conceal their real locations in order to secure more business, from Vice reporter Rida Qadri. Rahul Tandon is joined throughout the programme by Alexis Goldstein, activist and financial reform advocate in Washington, and by Simon Littlewood, President of AC Growth Delivered, who's in Singapore. (Picture: A syringe with vaccine. Credit: Getty Images)
America's biggest crypto-currency trading platform, Coinbase, begins trading on the Nasdaq exchange in New York today. John Ethan Detrixhe, Future of Finance reporter for Quartz.com joins us to share his insights and we hear from the President of Coinbase, Emilie Choi. Paul Vigna of the Wall Street Journal explains what the company does to make it so highly valued. Plus, Bernie Madoff, the financier convicted of orchestrating the largest Ponzi scheme in history, has died in a US federal prison. We hear from the son of one Madoff's victims, who took their own life after losing everything. Also on the programme, the US House of Representatives will discuss legislation which could see reparations paid to the descendants of slaves. Dreisen Heath from Human Rights Watch tells us if this is good news for campaigners. Plus, as crowd-funding has become a global phenomenon we hear from the CEO of its biggest platform, Tim Cadogan. Joining us throughout the programme are Alexis Goldstein, an activist and financial reform advocate in Washington and Stefanie Yuen Thio, Joint Managing Partner at TSMP Law in Singapore. (Picture: The Coinbase logo for an US cryptocurrency exchange platform is seen on a smartphone screen with a Nasdaq logo in the background. / Credit: Pavlo Gonchar/Getty Images)
Switzerland's Credit Suisse and Japan's Nomura have seen their shares take a sharp fall after warning they could face losses of billions of dollars. The two large banks lent money to crisis-hit US investment fund, Archegos Capital, which was forced to liquidate billions of dollars’ worth of shares last Friday. We hear from Financial Times Correspondent Ortenca Aliaj and financial lawyer Mark Berman. The US says it could impose 25% tariffs on British exports to the US after the UK levied a digital services tax on major technology companies; we get the details from Steven Overly, Global Trade and Economics Reporter at the Politico website. Also in the programme, the European Union’s recent ban of palm oil in biofuel for vehicles has angered top producing nations Indonesia and Malaysia. The BBC's Manuela Saragosa explains the politics of the vegetable oil. Plus, as the pandemic has led to a re-think of the working day, the BBC’s Peter Morgan looks at the practice of an afternoon nap and if it’s time to refresh our attitudes towards sleeping on the job. And we're joined throughout the programme by two guests on opposite sides of the world; Alexis Goldstein, financial reform advocate in Washington DC, and Jasper Kim, Professor at Ewha University and director at Center for Conflict Management in Seoul, South Korea. (Picture of a Credit Suisse branch in Geneva / Credit: Fabrice Coffrini via Getty Images).
The US measures, which target Russia's top spy and six others, are being co-ordinated with similar moves by the European Union and we get details from Barbara Plett-Usher, the BBC's State Department Correspondent. Plus, we hear Reddit’s chief executive Steve Huffman talk about recent controversies involving the social media network. And the International Energy Agency says global CO2 levels are rising after a fall in 2020. Timothy Goodson is one of the report's lead authors and explains why we're seeing this trend, after reductions caused by the pandemic last year. Plus, a Nike vice president has resigned after ties to her son's limited edition trainer resale business were revealed. We hear about the lucrative market from Tahsin Sabir, who is a collector. And joining us throughout the programme are Alexis Goldstein, an activist and financial reform advocate in Washington and Stefanie Yuen Thio, Joint Managing Partner at TSMP Law in Singapore. (Picture: Alexei Navalny by Mikhail Svetlov for Getty Images)
Redditors may have won the battle but they'll never win the war, since entire battlefield is controlled by fat cats on Wall Street. Former finance professional turned advocate for financial reform, Alexis Goldstein stopped by The Bitchuation Room to drop knowledge on what Gamestonks means for regulating Wall St. moving forward. Also what does “shorting stock” mean and what should progressives be demanding in the short and long term when it comes to democratizing the economy? Featuring:Matt Lieb: https://twitter.com/mattliebAlexis Goldstein: https://twitter.com/alexisgoldsteinRead more from Alexis here: https://marketsweekly.ghost.io/Join the Franita and become a Patron and get early access to bonus content liek this: www.patreon.com/bitchuationroomFollow The Bitchuation Room on Twitter @BitchuationPodThanks to producer Rebecca Rufer, and post production team Kelly Carey & Dorsey Shaw.Music Credits: The Cannery by Kevin MacLeodLink: https://incompetech.filmmusic.io/song/4485-the-canneryLicense: https://filmmusic.io/standard-license Our GDPR privacy policy was updated on August 8, 2022. Visit acast.com/privacy for more information.
Redditors may have won the battle but they’ll never win the war, since entire battlefield is controlled by fat cats on Wall Street. Former finance professional turned advocate for financial reform, Alexis Goldstein stopped by The Bitchuation Room to drop knowledge on what Gamestonks means for regulating Wall St. moving forward. Also what does “shorting stock” mean and what should progressives be demanding in the short and long term when it comes to democratizing the economy? Featuring: Matt Lieb: https://twitter.com/mattlieb Alexis Goldstein: https://twitter.com/alexisgoldstein Read more from Alexis here: https://marketsweekly.ghost.io/ Join the Franita and become a Patron and get early access to bonus content liek this: www.patreon.com/bitchuationroom Follow The Bitchuation Room on Twitter @BitchuationPod Thanks to producer Rebecca Rufer, and post production team Kelly Carey & Dorsey Shaw. Music Credits: The Cannery by Kevin MacLeod Link: https://incompetech.filmmusic.io/song/4485-the-cannery License: https://filmmusic.io/standard-license
Ted discovers the real story behind GameStop stocks and the connection to his beloved NY Mets with writer/activist Alexis Goldstein. And Ted takes your questions in a segment with multiple names.
Alexis Goldstein, a former Wall Street trader and senior policy analyst at Americans for Financial Reform, discusses why GameStop’s wild ride is not actually a David vs. Goliath story. She discusses the underlying conditions revealed by the GameStop saga, and imagines alternative ways to regulate the markets. Alexis Goldstein writes about the financial markets in her popular newsletter, Markets Weekly. Her most recent op-ed, “The Trouble With GameStop Is That the House Still Wins” was published in The New York Times. Learn more about your ad-choices at https://www.iheartpodcastnetwork.com
Redditors banded together to rock the stock market. What does GameStop actually tell us about wealth, power and how Wall Street works? Alexis Goldstein and Jacob Frenkel join Meghna Chakrabarti.
What is Wall Street's role in the surge in Gamestop's share price? It’s been billed as a populist revolt against the financial behemoths of Wall Street: a global gang of small investors driving up the price of Gamestop shares, forcing losses on hedge funds. But is there more to this David versus Goliath story than at first meets the eye? Manuela Saragosa speaks to Alex Patton who trades in his spare time when he’s not at his day job in cybersecurity. She also speaks to former Wall Street professional Alexis Goldstein who now advocates for financial regulation and to Elizabeth Lopatto from the US technology website The Verge. (Correction: in the programme it was said that shares had risen 70% this year when in fact they rose 70% on Friday 29 January 2021)
On a Twitch livestream, Congresswoman Alexandria Ocasio-Cortez talks to finance expert Alexis Goldstein about the stock-trading app's relationship with big money Wall Street firms.
On a Twitch livestream, Congresswoman Alexandria Ocasio-Cortez talks to finance expert Alexis Goldstein about Robin Hood's relationship with big money Wall Street firms.
Parler has hit back after Amazon pulled support for its so-called "free speech" social network. Stephanie Hare explains why the action is being taken and what the chances of success are. And we get wider context from Helen Fenwick, professor of law at Durham Law School. Bitcoin has had a wild few years. When first created in 2009 a single bitcoin was worth less than a cent. Last weekend it peaked at over $40,000 and on Monday crashed to $32,000. The UK's Financial Conduct Authority said on Monday that investors must be prepared to loose everything they invest if they want to buy Bitcoin. The US Treasury is proposing reporting restrictions on large transactions. Bill Bambrough is a writer on technology, finance, economics, and business for Forbes Magazine. We asked him what investors should be prepared for when they invest in crypto-currencies. Plus would you perform a facelift on yourself? Vishala Sri-Pathma finds out about the beauty firms trying to survive in lockdown by offering do it yourself winkle lifts. Joining Jamie Robertson throughout the programme are Patrick Barta, Asia Enterprise Editor for the Wall Street Journal in Bangkok and in Washington, Alexis Goldstein, an activist and financial reform advocate. Photo: Parler Has Been Closed Credit: Lorenzo Di Cola/NurPhoto via Getty Images
Hundreds of supporters of President Trump stormed into the US Capitol building after breaking through a security perimeter. The events happened as part of an effort to prevent the certification of President-elect Joe Biden's victory, with rioters smashing windows and clashing with police. We hear from the BBC's North America correspondent Lebo Diseko from the US Capitol building and are also joined by Peter Morici, University of Maryland, Robert H. Smith School of Business and Alexis Goldstein who lives near the US Capitol building; she's an activist and financial reform advocate in the city. And political reporter Erin Delmore and Marketplace's Nicole Childers provide additional analysis. Plus, whilst much of the country was gripped by what was happening in Washington, US stock markets were unmoved by the scenes; Susan Schmidt from Aviva Investors in Chicago tells us why. (Picture of rioters outside the Capitol by Tayfun Coskun via Getty Images).
Cheques sent out to people in the US to help them during the pandemic won’t be as big as they were before – we have the latest on the politicking from the US. Global travel has been restricted and the aviation sector is severely affected – we speak with one Australian traveller who has experienced the difficulty first hand, whilst US journalist Jeremy Hobson gives us the intricacies of US travel restrictions. Plus, French designer Pierre Cardin dies – we look back at his life and influence on the fashion industry. We discuss all this with guests Alexis Goldstein in the US, and Samuel Ellis, Taipei bureau chief for Bloomberg News. (Image: Roll of US Treasury Checks. Photo by Jeff Fusco/Getty Images)
President Donald Trump has repeated the assertion that he has won the election, despite the fact that votes are still being counted. The president complained of “tremendous corruption and fraud in the mail-in ballots", without giving any evidence for his claim. Legal mail-in ballots are still being counted in four states whose results will decide the election: Arizona, Georgia, Nevada and Pennsylvania. We get the latest from the BBC's Samira Hussein in New York and Marketplace's Erika Beras in Pittsburgh, Pennsylvania. Four years ago many Pollsters incorrectly predicted that Hilary Clinton would beat Donald Trump. This time around many said a 'blue wave' would sweep Joe Biden to power. So why are the pollsters continually getting it wrong? We ask Jeff Jones, Senior Editor at Gallup, one of America's biggest polling firms. Looking at an electoral map shows that urban America is mainly democratic while the rural part of the country is generally Republican. So why does rural America support Donald Trump and the Republican party? A question for Mike Stranz of the National Farmers Union of America. All this and more discussed with our two guests throughout the show. Alexis Goldstein, an activist and a financial reform advocate based in Washington DC and Peter Morici an Economist from the University of Maryland, also in Washington. (Picture: supporters of President Donald Trump hold signs and chant slogans during a protest outside the Philadelphia Convention Center on 5 November, as election votes continue to be counted.)
In July, the FBI charged Larry Householder, Ohio’s Republican Speaker of the House, with a conspiracy to pass a $1.5 billion bailout in return for $61 million in dark money. The racketeering was allegedly orchestrated by Householder and the utility FirstEnergy to kill Ohio’s renewable energy law and prop up aging coal and nuclear power plants.What’s happening in Ohio is part of a broader story playing out under the Trump Administration. Fossil-fuel companies like FirstEnergy have used their ties to the Trump regime to push massive bailouts for dirty energy. And the pandemic was the perfect opportunity for the industry to grab more money.In this episode, we’ll detail how these companies are raking in billions of government dollars in the wake of the $2 trillion covid stimulus package -- while millions of Americans struggle financially from the pandemic. Featured in this episode: Neil Waggoner, Antonia Juhasz, Alexis Goldstein, Senator Sheldon Whitehouse, and Tamara Toles O’Laughlin.Don't forget to read the climate change voter's guide before casting your ballot.Follow our co-hosts and production team:Leah StokesKatharine WilkinsonStephen LaceyJaime KaiserA Matter of Degrees is a production of Post Script Audio
The President's nominee Amy Coney Barrett says she is 'honoured and humbled' to have been chosen by Donald Trump for a place in the US's top court. After the first day of confirmation hearings, we speak to Ilya Shapiro, director at the Robert A. Levy Center for Constitutional Studies' Cato Institute and author of Supreme Disorder: Judicial Nominations and the Politics of America's Highest Court. Stanford University game theorists Paul Milgrom and Robert Wilson have won the 2020 Nobel Economics Prize for their work on auction theory. We speak to Robert Wilson and ask how relevant auction theory is in the world today. And Australian scientists have discovered that the virus that causes Covid-19 can survive for up to 28 days on banknotes. Dr Debbie Eagles from the Australian Centre for Disease Preparedness tells us how much of a threat this could be. Jamie Robertson is joined throughout the programme by Simon Littlewood, president of AC Growth Delivered, in Singapore, and by Alexis Goldstein, activist and financial reform advocate, in Washington DC. (Picture: Amy Coney Barrett; Picture credit: Getty Images)
As President Trump travels to Wisconsin to visit the city of Kenosha - the latest focus of violent street clashes - we speak to Nick Collins, a businessman who's part of a group called Kenosha for Trump. We get an update on the latest coronavirus restrictions in force in South Korea and as Australia prepares to announce its latest economic growth numbers, we speak to Jo Masters, Chief Economist at EY Oceania. Plus, the BBC's Mike Johnson meets families perilously close to eviction as the US faces a new housing crisis on a scale to match 2009. And we're joined throughout the programme by Professor Jasper Kim of Ewha University in Seoul and Alexis Goldstein, an activist and financial reform advocate, in Washington DC. Picture of President Trump in Kenosha by Mandel Ngan via Getty Images
In this episode of By Any Means Necessary hosts Sean Blackmon and Jacquie Luqman In the first segment, Sean and Jacquie are joined by joined by Alexis Goldstein, former Wall Street professional turned financial reform advocate, to discuss the historic 9.5% contraction of US GDP in just three months, whether the GOP plan for the next relief package will bring any actual relief to those who need it most, and the economic implications going forward if little or nothing is done to address the public health or economic crisis.In the second segment, Sean and Jacquie are joined by Nate Wallace, co-host of Red Spin Sports podcast, to talk about attempts to force professional athletes back to work as Coronavirus deaths return to levels not seen since May, and how to separate the superficial gestures towards Black Lives Matter from those with real revolutionary potential.In the third segment Sean and Jacquie are joined by peace activist Sergio Torrez to talk about the highly-publicized 'phased withdrawal' of federal agents deployed to Portland, Oregon, whether their departure is actually proceeding as announced, and how the Democratic governor and mayor are taking credit for this latest development.Later in the show, Sean and Jacquie are joined by James Early, Former Director of Cultural Heritage Policy at the Center for Folklife and Cultural Heritage at the Smithsonian Institution and board member of the Institute for Policy Studies, to talk about Kwame Ture's comments on the difference between mobilization and organization, how Herman Cain paid for his faith in "vulgar" free-market ideology with his life, and the need for a unified international front against fascism.
In this segment of By Any Means Necessary hosts Sean Blackmon and Jacquie Luqman In the first segment, Sean and Jacquie are joined by joined by Alexis Goldstein, former Wall Street professional turned financial reform advocate, to discuss the historic 9.5% contraction of US GDP in just three months, whether the GOP plan for the next relief package will bring any actual relief to those who need it most, and the economic implications going forward if little or nothing is done to address the public health or economic crisis.
As President Trump pushes for US schools to re-open in August, Tawnell Hobbs, education reporter for The Wall Street Journal, explains how teachers and parents are reacting. Meanwhile, Jason Furman, former chief economist to President Obama, weighs in on the different stimulus strategies countries have taken to get their economy going again. Also in the programme, we ask how German electronic payment firm Wirecard fell afoul of a big accounting scandal. The BBC’s Samira Hussain reports on the rise of stay-at-home day traders during coronavirus lockdown. And how a classic Magic Realism novel inspired modern-day Colombians to exchange letters of support, anonymously. All through the show we’ll be joined by Alexis Goldstein, activist and financial reform advocate in Washington DC and Sushma Ramachandran, columnist for the Tribune in Delhi. (Picture: US President Donald Trump. Picture Credit: Getty Images.)
Fears of a recession grow after the country's GDP fell by 1.6% in the final quarter of 2019, as the full economic impact of the coronavirus is still to come. Devin Stewart, senior fellow at the US-based Eurasia Group Foundation, tells us what this means for the world's third largest economy. Is an iPhone shortage on the horizon? Manufacturer Apple says production is down and has warned it won't meet its previous revenue guidance. Our business reporter Zoe Thomas brings us up to date from San Francisco. And we find out the fate of The Skagway News, based in Alaska. Its owner announced he was giving away the local paper at the end of last year. But did he find the perfect new owner? Sasha Twining is joined throughout the programme by Sushma Ramachandran, independent business journalist and columnist for the Tribune newspaper, in Delhi, and Alexis Goldstein, activist and financial reform advocate, who's based in Washington. (Picture: A woman wearing a mask in Tokyo. Credit: David Mareuil/Anadolu Agency via Getty Images)
Over the weekend, at the age of 92, one of the giants of American economic policy and former head of the US central bank Paul Volcker, died at his home in New York. He was perhaps best known for his dramatic hiking of interest rates in the early eighties to fight inflation. We explore his enduring legacy. Meanwhile, shares in Tullow Oil fell as much as 70% after the company announced a boardroom shake-up, scrapped its dividend and cut its production forecasts. Chief executive Paul McDade and exploration director Angus McCoss are stepping down immediately. We talk to Eklavya Gupte, senior editor of Europe and Africa News S&P Global Platts. Robin Harding, Tokyo Bureau Chief or Financial Times and Alexis Goldstein, an activist and financial reform advocate in Washington join the discussion. (Picture Credit: Getty Images)
Newly moved from behind the paywall... -Alexis Goldstein on September 2008 and Everything After -Guilty/Innocent: Shooting Your Guns at Hurricanes -Garbage Candidates this week include: John Bolton and the opioid peddlers that also got a patent to treat addiction #GarbageCan Thank you for support Smash retweet button districtsentinel.com Facebook: facebook.com/DistrictSentinel Twitter: twitter.com/TheDCSentinel For more content like this, subscribe at Patreon.com/districtsentinel
Donald Trump ran a faux-populist campaign for office, bashing Democrats for being too close to Wall Street. But in office, it's a different story. Alongside Congressional Republicans and a handful of Democrats, he's been busy deregulating the banks, dismantling consumer protections, and otherwise handing Wall Street a bunch of gifts--to say nothing of the tax cuts. I spoke with Alexis Goldstein of Americans for Financial Reform to explain why, when we're still living in the wake of 2008, deregulate-a-palooza is bipartisan policy--and how to stop it. It is basically déjà vu all over again, is the short answer. It is like it is the 1990s and it is full speed ahead on ripping up all of the rules that we put in place after the last financial crisis. There are a few different things that are going on. One thing that is happening is in the consumer space. One of the best things that came out of the last crisis was the creation of this consumer bureau that was the brainchild of Elizabeth Warren, the Consumer Financial Protection Bureau. It was one of the few places that was actually looking out for the little guy and if your bank rips you off for like $15, you could complain and pretty quickly usually get a resolution because they have this complaint system and the Consumer Bureau would reach out to the company on your behalf. It is amazing. The other thing that they did is they sued companies and tried to get back money that financial companies had stolen from people. They got back billions of dollars to millions of Americans. Trump installed this guy, Mick Mulvaney, who is this Tea Party guy who was already at the Office of Management and Budgets, so this is his other job. He is basically like Scott Pruitt at the EPA, a longtime foe of the bureau, running the bureau and dismantling it from within. When you complain, there is this database you can look at. So, if you have a company that is really giving you the run-around, you can look into the database and see if other people have had the same problem. Mulvaney wants to take the complaints offline so you can’t read them anymore. There were a bunch of lawsuits that the Bureau was pursuing against payday lenders that were totally scamming people and charging them like 300% interest. He dropped some of those lawsuits. He totally eliminated the Office for Students and Consumer Protection, which was one of the best – in my opinion – offices looking out for student loan borrowers. That is the consumer space. Then, if you look into the more bank-y, more systemic risk, more crisis kind of stuff, we are also seeing rollbacks there. We are seeing proposals to undo Dodd-Frank. Then, the third piece is partially Trump, partially GOP, but also, there are Democrats to blame. There were these really big pieces of legislation that was recently signed into law, that kind of makes a future bailout more likely. It is sort of like Congress is doing bad things and then, Trump is doing bad things in both the consumer space and the financial systemic risk space. It is all the bad things. Interviews for Resistance is a syndicated series of interviews with organizers, agitators and troublemakers, available twice weekly as text and podcast. You can now subscribe on iTunes! Previous interviews here.
On today's episode of Loud & Clear, Brian Becker and John Kiriakou are joined by Ali al-Ahmed, the director of the Institute for Gulf Affairs. Saudi Crown Prince Muhammad bin Salman has begun an international tour that is taking him to Egypt, the UK, and the United States. He has already outraged many in the Middle East by calling Turkey, Iran, and Qatar “the devil’s triangle.” He faces large-scale protests today in London. But he’ll get the red carpet treatment from Donald Trump. Today is the first day of a regular segment looking at nuclear issues, including weapons, energy, waste, and the future of nuclear technology in the United States. Greg Mello, the executive director of the Los Alamos Study Group, and Kevin Kamps, the Radioactive Waste Watchdog at the organization Beyond Nuclear, join the show. The Trump Administration is suing California over three of that state’s sanctuary laws. Those laws give the state final authority over federal detention centers for undocumented immigrants, and they forbid local and state law enforcement from assisting Immigration and Customs Enforcement. Brian and John speak with Carolyn Gomez, an organizer with the National Union of Healthcare Workers.At least 17 Senate Democrats have lined up to support the repeal of key components of the Dodd-Frank banking law, passed after the 2007 financial crisis to prevent further banking abuse and fraud. Democratic support virtually ensures passage and will significantly weaken consumer protections. Alexis Goldstein, a Wall Street banker who became an activist in the Occupy movement and is now the senior policy analyst at Americans for Financial Reform, joins the show. Gary Cohn resigned yesterday as the head of President Trump’s National Economic Council, the 34th staffer to leave Trump’s administration. And Washington is buzzing with rumors that National Security Advisor H. R. McMaster is close behind. Plus, Trump has nominated a Dow Chemical lawyer to oversee chemical spill cleanup at Superfund sites. This is all part of a bigger story—Trump’s inner circle is dwindling and even more corporate stooges are populating the White House. Ted Rall, an award-winning editorial cartoonist and columnist, joins Brian and John. The Mueller investigation gets curiouser and curiouser. The Special Counsel is now investigating George Nader, a Lebanese-American businessman who acts as an advisor to the leader of the United Arab Emirates. The hosts talk about the latest twist in the Russiagate saga. Jim Kavanagh, the editor of ThePolemicist.net, joins the show.Many European elites saw Chinese leader Xi Jinping as a bulwark against the erratic and unpredictable Donald Trump, especially on trade issues. But now those same elites are worried that Xi is the one to worry about, in light of China’s abolition of term limits. Brian and John speak with writer and political analyst Ajit Singh.
Two Senate Republicans denounced their party's leader this week, accusing President Donald Trump of "debasing" the United States and betraying its values. That doesn't mean the Republican agenda isn't going strong. The same day Sen. Jeff Flake (R-Ariz.) denounced Trump on the Senate floor, he joined his Republican colleagues in overturning a new regulation that made it easier for consumers to join class action lawsuits over bank ripoffs. "Even the visual of it was plutocracy," Alexis Goldstein of Americans for Financial Reform told So That Happened. "Ben Sasse and Tom Cotton were actually dressed in tuxedos while the vote was going down."Former Rep. Reid Ribble (R-Wis.), who harshly criticized Trump all the way back in 2015, noted on the podcast that Republicans still agree with the president on policy. Ribble specifically cited Republican votes in favor of a tax overhaul that would add more than $1 trillion to the deficit. "When you look at the policy that Sen. Flake and Sen. [Bob] Corker are voting for, they're mostly in alignment with where the president is, but they feel that his rhetoric has gotten so divisive that they can't move forward with their agenda," Ribble said. "That's a tragedy." See acast.com/privacy for privacy and opt-out information.
So, that happened. This week, while President Donald Trump was away on foreign business, the wider world got a look at the latest White House budget proposals and the experience was like staring into a moral void. Broadly targeted for elimination: just about anything that offers assistance to the poor and vulnerable. Cashing in big time: rich income earners. There are education cuts that could decimate profitable research, new burdens on food stamp providers that could result in fewer in the market. Joining us to marvel at the pure draconian nature of it all is Alexis Goldstein from Americans for Financial Reform. Meanwhile, the murder of Seth Rich -- a young DC resident and Democratic National Committee staffer -- was a tragedy for those who knew him. But the internet's conspiracy swamps and right wing media outlets have teamed up to further traumatize Rich's family and friends. It's weaponized fake news, and it's perfectly emblematic of the surreal world that Donald Trump has both ushered in and... See acast.com/privacy for privacy and opt-out information.
So, that happened. This week, the House of Representatives voted to repeal the Affordable Care Act and replace it with a bucket of garbage, placing the lives of some 24 million people at risk. Quite a spectacle really. We'll have fifteen minutes of flabbergasted gasping for you to enjoy. Meanwhile, for some reason we'll also talk about other things. For example, just how populist is the Trump White House going to get? The new head of the SEC will be Goldman Sachs' bailout lawyer, Jay Clayton, so it's sure not looking good for that whole "drain the swamp" project. But maybe we're wrong. Joining us to figure this out is our pal Alexis Goldstein from Americans for Financial Reform. Finally, Donald Trump is hoping to appoint Tennessee State Senator Mark Green to the position of Secretary of the Army. This is his second attempt to place someone in that job, and based upon Green's litany of bizarre statements and strange positions, there is a not insignificant chance that he'll need a third. With that in mind,... See acast.com/privacy for privacy and opt-out information.
We meet Alexis Goldstein in Washington, D.C. in front of Congress. Alexis worked for big banks on Wall Street for many years and helped get wealthy people even wealthier. Later she quit her job and became part of the Occupy movement in New York. She now works for "Americans for Financial Reform", a nonpartisan coalition of over 200 organizations working for a safe and ethical financial system. That's what we talk to Alexis about: Are the banks still too big to fail today? Are the CEOs of those banks too big to jail? What happened in the last few years regarding financial & Wall Street regulations? Is the next crash just a matter of time? What is "Fuck You Money"? What kind of banking regulators does the US have? Do they do their job? Is cheating still too profitable for banks? What do the Presidential candidates say about the financial system? Finally we talk to Alexis about the Occupy movement and what became of it... Alexis Homepage: http://alexisgo.com/ Twitter: @alexisgoldstein Thanks to more than a thousand supporters who helped produce this episode from Washington, D.C.! Find your producer name on our website: http://www.jungundnaiv.de/2016/11/06/american-banks-still-too-big-to-fail-alexis-golstein-episode-286/ Please support this independent show financially! Diese Folge wurde nur möglich durch eure finanzielle Unterstützung: Tilo Jung IBAN: DE36700222000072410386 BIC: FDDODEMMXXX PayPal ► http://paypal.me/JungNaiv Fanshop ► http://fanshop-jungundnaiv.de/
This week, it's all about hot vice-president on vice-president action, as largely forgotten white guys Mike Pence and Tim Kaine laced them up in Farmville, Virginia. Who won? Who lost? Will it matter in the end? Surely our thoughts will be worth the zero dollars you paid for them, but we will offer them to you, humbly, anyway. Plus we'll set up this weekend's presidential debate between the two people that American actually cares about. Meanwhile, it is possible that things could get worse for Wells Fargo? Weeks after getting beat up in the press for massively defrauding their own customers, the beleaguered bank is getting savaged by Wall Street analysts, shedding business partners, and trying to satisfy critics by clawing back compensation from executives. Plus, did you hear about all the military veterans that the bank has mistakenly tossed out of their homes? Alexis Goldstein from Americans for Financial Reform joins us to discuss whether we should just burn this bank down to the rafters. Finally... See acast.com/privacy for privacy and opt-out information.
James Comey’s testimony before the House Oversight Committee on the Hillary Clinton email scandal left us with more questions than answers. One thing is for sure, though: the Clinton Campaign should be worried. Then, Bernie Sanders called on the big banks to be broken up. Alexis Goldstein joins us to talk about how that process is, kind of, underway. We also chat about House Republicans’ efforts this week to stop recent regulations proposed to safeguard financial consumers.And later, we explain how Democrats are co-opting the GMO-labeling movement by supporting legislation that would hide GMO labeling behind complex digital codes. Oh, and at the end of the show, someone gets thrown in the garbage can.
James Comey’s testimony before the House Oversight Committee on the Hillary Clinton email scandal left us with more questions than answers. One thing is for sure, though: the Clinton Campaign should be worried. Then, Bernie Sanders called on the big banks to be broken up. Alexis Goldstein joins us to talk about how that process is, kind of, underway. We also chat about House Republicans’ efforts this week to stop recent regulations proposed to safeguard financial consumers.And later, we explain how Democrats are co-opting the GMO-labeling movement by supporting legislation that would hide GMO labeling behind complex digital codes. Oh, and at the end of the show, someone gets thrown in the garbage can.
6 June 2016 - Will and I were unable to record a new episode this week so we are reprising our episode from March which featured Alexis Goldstein of Americans for Financial Reform. Alexis gave us a truly exceptional interview on Dodd-Frank and given that our interview last week was on the foreclosure crisis, with David Dayen, we thought touching back to our conversation with Alexis made sense. You can go here for our original episode notes. We will be back next week with an all new Hopping Mad. - Arliss
This week, the Consumer Financial Protection Bureau has published new rules that would govern the super-scammy payday lending industry, in the hopes that new oversight will lead to fewer people falling victim to the industry's predations. Alexis Goldstein from Americans For Financial Reform joins us to evaluate whether the Bureau's recommendations have real teeth. Meanwhile, in New Jersey, we've had the first child born in the continental United States with Zika virus-related microcephaly. This largely symbolic event gives us another opportunity to examine the halting and insufficient way Congress has thus far approached the threat of a wide-spread Zika outbreak and the increasingly desperate warnings from public health professionals about the costs of inaction. Mosquito season, we remind you, is fast approaching. Speaking of public health, the lead water crisis in Flint, Michigan did grievous harm to the public's trust in institutions that badly failed in their mission. But there's lately been a new... See acast.com/privacy for privacy and opt-out information.
This week, Democratic candidates Bernie Sanders and Hillary Clinton took to the debate stage in Brooklyn, in what might be the final debate of the Democratic primary. The setting is key: New York State has loomed as a delegate-heavy prize to the two candidates, both of whom claim the state as their own turf. We will deliver a full after-action report of the proceedings. Meanwhile, we bring you the best in bank dorkery. We're joined by progressive Democrat and U.S. House of Representatives candidate Zephyr Teachout, who is channeling FDR with her plan to break up big cable monopolies. And speaking of breaking things up, Alexis Goldstein of Americans for Financial reform is here to discuss the frightening new announcement from the Federal Reserve that five big U.S. banks are officially too big to fail. Dum-dum-dum. Finally, in previous podcasts, Wisconsin Representative and friend of the podcast Reid Ribble has announced that he'll be retiring after this term. But before he goes, he wants to sidle up to... See acast.com/privacy for privacy and opt-out information.
21 March 2016 – This week we take a deep dive into Dodd-Frank. As I have been promising for the past several weeks, I start out with a fast but fairly detailed backgrounder on the legislation itself. Then, our guest, Alexis Goldstein updates us on where we are today with the implementation process. Alexis is a Senior Policy Analyst at Americans for Financial Reform and has been in the thick of the Dodd-Frank battle from back in her days with Occupy the SEC when she co-authored a 325-page Comment letter to the Securities and Exchange Commission urging them to write rules for a strong version of the Volker Rule. Seriously, that’s my kind of banking wonk. During our conversation Alexis referred to a link at Bloomberg and that is here for your easy reference. Will begins the show talking about Bernie’s Town Hall on the Navajo reservation, while correcting the record. President Russell Begaye had a “very good” discussion with Bernie, where he talked with the Senator about the need for a cabinet-level position for Native Americans, which could cut across various federal agencies, asked that Native Governments be respected as sovereign entities, and asked that the government honor its treaty obligations. While President Begaye spoke in glowing terms about the Senator’s visit, he has not endorsed any presidential candidate in the 2016 election, contrary to claims being made online. Will also made some noise about the deafening silence in the aftermath of the execution-style murder of three young black Muslims in Fort Wayne, Indiana in late February. Here the daffodils are up in the front yard and the tulips are coming on right behind them. I hope it is equally beautiful wherever you may be. – Carrots! Arliss
This week, one of President Barack Obama's oldest campaign promises -- his pledge to close the Guantanamo Bay detention facility -- is back in the news after the Pentagon put forth the latest version of a plan to finally fulfill this commitment. Meanwhile, Michigan Governor Rick Snyder is coming to Washington to testify about the Flint Water Crisis. We'll talk to one member of that committee about the extent to which Snyder is himself culpable for the poisoning of Flint's citizens. Finally, Alexis Goldstein joins us to talk about a great new plan from DNC Chair Debbie Wasserman Schutlz that would gut a new rule from Elizabeth Warren's consumer financial protection bureau that would regulate the predators in the payday loan business. See acast.com/privacy for privacy and opt-out information.
This week, it's Christmas, and we're celebrating the holidays by talking about our favorite Christmas movies, and adding a lot of silly economic and political wonkery. What do our Christmas entertainments teach us about our life and times? Let's find out. Meanwhile, in America, you can't have Christmas without also having a war on Christmas. So how did this year's war go? Here to discuss everything from blood red Starbucks cups to the Lifetime Channel's quick shots of false Yuletide hope is comedy writer and reporter Katla McGlynn. Finally, you know what the best gift we received all year was? A government agency not shot through with grotesque regulatory capture. Our pal Alexis Goldstein joins us to discuss what a mitzvah the Consumer Financial Protection Bureau has been. See acast.com/privacy for privacy and opt-out information.
Devils Backbone Brewing Company just launched here in Knoxville, and Alexis Goldstein was kind enough to sit down with us to talk about their launch. Tune in as we talk with Alexis about all things Devils Backbone, the adventures of working in the industry, and how she pronounces "Knoxville."
Alexis Goldstein and Brian Coe, from Devil's Backbone, talk about their entry into North Carolina from Virginia. Learn more about your ad choices. Visit megaphone.fm/adchoices
Alexis Goldstein and Jesse Myerson host “Disorderly Conduct,” a podcast dedicated to making economic and financial news accessible. Gar Alperovitz spoke with Myerson for the program’s April 29 edition about the features of an alternative to capitalism: the Pluralist Commonwealth. Listen now: Download this segment [Subscribe on iTunes * Podcast link]