Below you'll find a list of all posts that have been tagged as “Bankruptcy”
Our present generation is living out of the spiritually vacuous philosophies of modernism and post-modernism, the cancerous ideologies of free-market economics and unrestrained economic growth, and the corporate and political tyrannies that have nurtured an energised ethos of transience. The triumphalism of modernity has effectively wiped from our collective memories a coherent view of just what has gone down in …
Economies are life forces – interdependent systems built upon the facts of life and living. “Life capital” as Ellen’s noted guest Dr. John McMurtry says, is at the heart of true economic reckoning, and money is merely one derivative. McMurtry describes Capitalism as being in a cancerous stage in which it’s being devoured from within by metastasizing greed and self-interest, devouring all living materials in its path. Similarly, we look at the new What Wall Street Costs America project and get specific about how that cancer reality looks in Jefferson County, AL, which declared bankruptcy after buying into toxic interest rates swaps from Wall Street salesmen. One thing though – we also talk about the antidote for that cancer: public banks!
Welcome, to the radio magazine that brings you news, commentary and analysis from a Black Left perspective with host Glen Ford and his co-host, Nellie Bailey.
– There is turmoil this presidential primacy season, in both the Democratic and Republican parties. Dr. Anthony Monteiro, the Dubois Scholar and veteran activist who helped put together a national conference on the Black Radical Tradition, this January, in Philadelphia, says the Bernie Sanders and Donald Trump campaigns reveal a crisis in the duopoly political system.
– Students, teachers, parents and community members in Detroit are gearing up for a city-wide strike to defend the public schools, which have been pushed to the brink of bankruptcy after 17 years of management by the state. Among the leaders of the protests is Steven Conn, the elected president of the Detroit teachers’ union, who was deprived of his seat by the union’s national leadership. Conn says Michigan Governor Rick Snyder and his appointed emergency financial managers are hell-bent on destroying public education. Their current plan is to divide the Detroit school system in two.
– A new study shows that Teach for America, or TFA, which has been a leading force in the charterization of the nation’s public schools, enjoys a special relationship with school systems in Atlanta, Chicago, New Orleans and New York. The lead researcher for the study is Jameson Brewer. He says Teach for America collects finders fees to provide school systems with novice teachers, and protects them against lay-offs, while traditional teachers are pushed out of the profession.
– The Alliance for a Just Society has released a new report titled “Jobs After Jail.” The problem is, there AREN’T many employment opportunities for ex-offenders, partly because former prison inmates are prohibited by law from working at literally hundreds of jobs. Allyson Fredericksen was one of the authors of the report.
– As a lifelong activist, and a veteran journalist and educator, Dr. Charles Simmons takes the long view. Simmons spoke last week to a meeting on Black Men in Unions, at the Institute for Labor and Community Studies, in Detroit.
A heroin surge is shocking and awing Americans, 165,000 of who will be killed the next ten years. How does 415,000 kilograms (913,000 pounds) of heroin from US-occupied Afghanistan get to US each year? Opium Wars I & II were British troops forcing farmers in India and Pakistan, colonies of Britain then, to grow opium which Brits pushed on Chinese …
Hedge fund managers and bondholders are pressing the government of Puerto Rico to drive through a series of punishing austerity measures, including dramatic cuts to public education and workers’ rights protections, to “solve” the crisis of debt and poverty gripping the Caribbean island. A group representing $5.2 billion of debt held by 38 investment managers paid three former economists for …
THE CATHOLIC ARCHDIOCESE OF MILWAUKEE SOUGHT TO INSULATE $55 MILLION OF ITS FUNDS FROM LAWSUITS BROUGHT BY VICTIMS OF PRIESTLY SEX ABUSE, ACCORDING TO A LETTER PENNED BY THEN-ARCHBISHOP OF MILWAUKEE TIMOTHY DOLAN, SO IT TRANSFERRED THOSE FUNDS INTO A SEPARATE TRUST SET UP TO CARE FOR THE ARCHDIOCESE’S CEMETERIES AND MAUSOLEUMS. ONCE THE SEXUAL ABUSE VICTIMS SOUGHT THOSE FUNDS IN …
