Over $100,000: That's How Much Big Finance Rips You Off
New research shows that the average U.S. household loses over $100,000 to destructive activities of bankers and financiers.
America's financial system is broken for all but a few at the top; that much is plain. The rest sense that we are stuck on the minus end of some great financial formula, but given the complexity and size of Big Finance, it's hard to pin down exactly why it happens and how it all adds up.
Enter economist Gerald Epstein of the University of Massachusetts, Amherst. He has dived in and crunched the numbers, and the results are eye-popping. Epstein and his colleague Juan Antonio Montecino look at exactly how families, taxpayers and businesses get ripped off by dubious financial activities and tally up the costs in a new paper for the Roosevelt Institute, "Overcharged: The High Cost of Finance." ... Read moreTYT | Hillary Clinton Democratic National Convention Speech. TYT Analysis (07/29/16) [26:23]
TYT | Hillary Clinton Democratic National Convention Speech. The Young Turks Reaction (07/29/16) [56:51] TYT | Former GOP Congressman Admits He'd Vote Bernie Over Trump (07/28/16) [2:57]
TYT | TYT Interview with Bernie Sanders (full) (05/27/16) [43:08]
TYT | The Young Turks - Live from the Democratic National Convention! Day 4 (07/28/16) [6:07:38]
A Transgender Woman Just Made History at the Democratic National Convention
On the final day of the Democratic National Convention, Sarah McBride used her position as the first transgender person to speak at a major-party convention to argue that despite advances in LGBT rights, the fight for equality must continue.
"Will we be a nation where there is only one way to love, only one way to look, and only one way to live?" McBride asked the audience, which included the largest transgender delegation in convention history.
The 25 year-old Delaware native, who is the national press secretary for the Human Rights Campaign, made headlines in April after she posted a photo of herself from inside a women's bathroom in a government building in Charlotte, North Carolina, defying a controversial state law that mandates people use the bathrooms that match the biological sex they were assigned at birth. ... Read moreA Transgender Woman Just Made History at the Democratic National Convention (07/28/16) [9:34]
And Now: The "Closest, Nastiest, Most Unpredictable" Campaign You Can Imagine
America's about to endure the closest, nastiest, most unpredictable presidential election in more than three decades. Not since Jimmy Carter and Ronald Reagan ran against each other in 1980 has the choice been so stark, the warnings from each candidate about the other so dire, the likely outcome so murky. As this year's political conventions end, there's no clear favorite. But watch the polls next week. The leader in the first polls conducted entirely after the convention ends has won the White House every time since 1948. ... Read more
Why Social Fragmentation Suits The Powers That Be
Ours is an Age of Fracture (the 2011 book by Daniel Rodgers) in which "earlier notions of history and society that stressed solidity, collective institutions, and social circumstances gave way to a more individualized human nature that emphasized choice, agency, performance, and desire."
A society that is fragmenting into cultural groups that are themselves fracturing into smaller units of temporary and highly contingent solidarity is ideal for Elites bent on maintaining political and financial control.
A society that has fragmented into a media-fed cultural war of hot-button identity-gender-religious politics is a society that is incapable of resisting concentrations of power and wealth in the hands of the few at the expense of the many. ... Read more
Other videos*Climate Change in Bangladesh (2016 ) [26:25]
Saudi Arabia Uncovered (2016) [52:24]
Living With ISIS (2016) [2:04:11]
Democracy Now! U.S. and World News Headlines for Friday, July 29 [10:31]
DN | Hillary Clinton Becomes First Woman to Accept Major-Party Presidential Nomination in U.S. History (07/29/16) [5:28]
*DN | Kshama Sawant vs. Rebecca Traister on Clinton, DNC & Possibility of a Female President, Part 1 (07/29/16) [21:12], Part 2 [9:05]
DN | Nuns on the Bus at the DNC: Sister Simone Campbell on Abortion Rights, Wealth Gap, Kaine in Honduras (07/29/16) [17:06]
TRNN | Ex Counselor to Bill Clinton: Hillary's Economic Justice Incompatible with Her Corporate Relationships (07/29/16) [22:37]
TYT | President Obama's DNC Speech: So Good Even Republicans Liked It (07/28/16) [10:31]
TYT | The Best Way To Attack Donald Trump (07/28/16) [5:57]
*TYT | Trump's DNC Critique Is Textbook Projection (07/28/16) [6:24]
TYT | Why Andrew Cuomo Isn't Hillary's VP (07/28/16) [3:22]
RT | They discuss energy transition, San Diego's 2035 plan, walkable cities, and urban burbs. They also examine Saudi Arabia's plan to float Saudi Aramco and go solar. (E946) (07/28/16) [25:43]
ThomHartmann | Thom discusses whether the DNC will get rid of superdelegates with superdelegate Christine Pelosi, how Biden and Obama talked up Bernie Sanders in their speeches with The nation's John Nichols, and the contrast between the two conventions with Representative Mark Pocan. (full) (07/28/16) [57:42]
*DR | Friday News - Domestic (07/29/16) [1hr]
Last night, as Hillary Clinton became the first woman to accept a major party nomination for president, she called out to a diverse and optimistic nation, in stark contrast to Donald Trump's America. She urged Democrats to look to the future with courage and confidence--not fear. But she warned that the nation was at a "moment of reckoning." Her call for unity closed out a convention that began with a cyberhack that points to Russia and forced the resignation of Democratic Party Chair Debbie Wasserman Schultz. Donald Trump says he was being sarcastic when he urged Russian hackers to hunt down Clinton's missing emails. And charges are dropped against police officers in the death of Freddie Gray. A panel of journalists joins guest host Indira Lakshmanan for analysis of the week's top national news stories.*DR | Friday News - International (07/29/16) [1hr]
American officials say they believe Russia was behind the hacking of Democratic National Committee emails. The U.N. expresses caution about a Russian plan to allow civilians and unarmed rebels to leave Aleppo, Syria. And Turkey ramps up a crackdown on the media and military. A panel of journalists joins guest host Indira Lakshmanan for analysis of the week's top international news stories.Aljazeera | The Stream - Disunity among the Democrats (07/28/16) [25:00]
DNC Beatdown on 'Homegrown Demagogue' Obama: Trump's 'Not Really A Facts Guy'... Only Offers 'Slogans And Fear'... Kaine: 'A Slick-Talking, Empty-Promising, Self-Promoting, One-Man Wrecking Crew'... Panetta: 'Asked Our Troops To Commit War Crimes... Endorses Torture... Praises Dictators From Saddam To Putin'... Bloomberg: 'A Con'... Biden: Trump 'Has No Clue, Period'...
America Is Pretty Damn Great Already, Biden Says In Fiery DNC Speech
The vice president warns Donald Trump will weaken American security and turn off allies.
Vice President Joe Biden offered a counterargument to the premise of Republican presidential nominee Donald Trump's case for the White House with an emphatic declaration that the America is great already ? and that a Trump presidency would jeopardize that. ... Read moreTYT | TYT Summary: 2016 Democratic National Convention Day 3 (07/27/16) [14:29]
TYT | Joe Biden Speech At Democratic National Convention 2016. The Young Turks Reaction (07/28/16) [21:01]
TYT | Barack Obama Speech At Democratic National Convention 2016. The Young Turks Reaction (07/28/16) [45:05]
Mainstream Media May Never Understand Sanders' Political Revolution, but That's Not Stopping It from Spreading
It was the third daily press conference by the Bernie Delegates Network and dozens of political reporters were baffled by the answers they were hearing from the podium.
No, they won't tell anyone to stop dissenting on the convention floor. No, they were not satisfied with the platform changes and commitment to eliminate most of the superdelegates. Nor were many pleased with Tuesday's roll call where delegate vote totals for Sanders and Clinton were read, because they included superdelegates -- distorting the votes of the people. ... Read more
Credit Suisse: We Have Never Had So Many Traders Saying "We Are Totally Lost"
In his latest Global Equity Strategy update piece, Credit Suisse strategist Andrew Garthwaite takes a random walk across Wall Street's trading desks, and confirms what many know: namely, that nobody actually knows anything. ...
"we have never had so many client meetings starting with statements such as 'we are totally lost'."Read more Hand in the Wind by Bell Plaines (music)
Democracy Now! U.S. and World News Headlines for Thursday, July 28 [11:33]
DN | Former VT Delegate Who Joined Sanders at Roll Call: "How Do We Move Forward Without Compromise?" (07/28/16) [21:28]
The Late Show with Stephen ColbertColbertReport | WERD: The Lesser of Two Evils (06/28/16) [6:45]
TRNN | Linda Sarsour and T.M. Scruggs reac: Will Patriotism and Optimism Defeat Trump? (07/28/16) [23:55]
TRNN | Danny Glover: Democratic Party Leadership in Damage Control (07/28/16) [25:04]
TYT | Coalition Of 57 Explain Why Bernie Supporters Are Upset At DNC (07/28/16) [7:03]
RT | 'They have a history of corruption': Clinton Cash documentary author Peter Schweizer (07/27/16) [12:23]
"Clinton Cash" Documentary (07/23/16) [1:04:56]
Fact Sheet for "Clinton's Cash"
*DR | Day Three At The DNC: President Obama Makes His Case For Hillary Clinton (07/28/16) [1hr]
If there were two unifying themes to the third night of the DNC it was this: why Donald Trump is not qualified to lead the country and why Hillary Clinton is. A series of speakers -- Vice President Joe Biden, former New York City Mayor Michael Bloomberg, and Clinton's running mate Tim Kaine -- hammered home both points and offered some of the most pointed attacks yet on the Republican nominee's character and credentials. But President Obama was the man of the night. He painted a hopeful and optimistic America which is in stark contrast to the one Donald Trump describes, and Obama delivered a full throated endorsement of Hillary Clinton. Guest host Indira Lakshmanan and her panel discuss the latest from the DNC.*DR | The Lure Of Minimalism (07/28/16) [1hr]
A battle is being waged across the nation this summer -- in closets, garages, attics, even drawers. It's a struggle against...stuff. For some, the goal is to declutter, for others it's much more -- a desire to pare down on material objects and prioritize experiences instead. In a messy and complex world, many of us are seeking simplicity, but try as we may, getting it isn't simple. Marie Kondo's "The Life-Changing Magic of Tidying Up" has sold nearly 6 million copies, while the duo known as "The Minimalists" attract 4 million visitors annually to their website and have just released a new film that tries to get us to focus on "the important things." The appeal of minimalism...and why it's so difficult to achieve.Minimalism: A Documentary (trailer) (01/20/14) [1:10]
Aljazeera | Inside Story - Can the US and Russia sculpt a ceasefire in Syria? (07/26/16) [24:50]
Democratic Convention Day 2 Takeaways: History Is Made
After formally voting to nominate Hillary Clinton, Democrats capped the occasion with a surprise appearance by their new standard-bearer. Mrs. Clinton briefly addressed the convention from New York, hailing the vote as a historic moment for American women.
TYT | Trump: "Pocahontas" Elizabeth Warren Has A Fresh Mouth (07/26/16) [3:54]
TYT | Protesting Bernie Sanders Delegates Speak Out (07/26/16) [12:55]
TYT | The Young Turks - Live from the Democratic National Convention! (07/26/16) [5:36:35]
Durable Goods Orders Crash Most In 2 Years - Longest Non-Recessionary Streak Of Declines In US History
Despite the longest winning streak for US macro data in US history, Durable Goods Orders collapsed in June. The 4% MoM plunge (vs -1.4% exp) is the biggest drop since Aug 2014. This represents a 6.6% YoY crash - the biggest drop since July 2015. The drop appears driven by plunge in airplane orders (non-defense aircraft and parts). Worse still, core durable goods orders extended their annual declines to 18 months straight - the longest non-recessionary streak of declines in US history. ...
Deutsche Bank Profit Plunges 98% And The Worst Is Yet To Come
Never has Germany's lending giant Deutsche Bank looked this miserable, and according to its latest earnings release, the pain is set to get even worse. ... Read more
The Staggering, Semi-Secret, $70 Billion Annual U.S. Global Arms Business
When American firms dominate a global market worth more than $70 billion a year, you'd expect to hear about it. Not so with the global arms trade. It's good for one or two stories a year in the mainstream media, usually when the annual statistics on the state of the business come out.
It's not that no one writes about aspects of the arms trade. There are occasional pieces that, for example, take note of the impact of U.S. weapons transfers, including cluster bombs, to Saudi Arabia, or of the disastrousdispensation of weaponry to U.S. allies in Syria, or of foreign sales of the costly, controversial F-35 combat aircraft. And once in a while, if a foreign leader meets with the president, U.S. arms sales to his or her country might generate an article or two. ... Read more
DN | Who Should Bernie Voters Support Now? Robert Reich vs. Chris Hedges on Tackling the Neoliberal Order (07/26/16) [36:23]
DN | Jill Stein vs. Ben Jealous: Should Progressives Reject Hillary Clinton & Vote Green?, Part 1: (07/26/16) [26:45], Part 2 [7:59]
The Late Show with Stephen ColbertStephen Colbert | Cartoon Hillary Clinton Answers Questions From Republicans (06/26/16) [6:52]
Stephen Colbert | Jeff Daniels on the Republican Party: "These Are The Guys Who Gave You Sarah Palin" (07/27/16) [7:48]
TRNN | Salon.com's Ben Norton says: 'Lesser of Two Evils' Argument Not Resonating with DNC Protestors (07/27/16) [8:46]
RT | Keiser Report: Max and Stacy talk to Das, author of 'A Banquet of Consequences: The Reality of Our Unusually Uncertain Economic Future', about the structural changes needed to halt the decline in real wages. (E945) (07/26/16) [25:45]
RT | CrossTalk: Who would have thought Russia and Vladimir Putin would play such an important role in the American presidential election? The media treadmill claims Trump is under Putin's spell. And Hillary Clinton blames the Russian president for still another scandal. (07/27/16) [24:39]
ThomHartmann | Thom discusses the GOP neocons supporting Hillary Clinton with The Daily Beast's Eleanor Clift, gun control and privacy issues with Senator Ron Wyden, and LGBT rights with Senator Tammy Baldwin. (full) (07/26/16) [56:57]
*DR | Democratic National Convention Day Two: Uniting The Party (07/27/16) [1hr]
Day two of the Democratic National Convention: Bill Clinton takes the stage as party leaders scramble to gain the support of Bernie Sanders fans and present a united front against Republican nominee Donald Trump.
Michelle Obama: Who Do You Want As Your Children's Role Model?
First lady Michelle Obama on Monday asked Americans to decide who they want serving as a role model for their children ? Donald Trump or Hillary Clinton.
This election, Obama said during her speech at the Democratic National Convention, "is about who will have the power to shape our children for the next four or eight years of their lives." ... Read moreTYT | TYT Summary: Democratic National Convention Day 1 (07/25/16) [12:21]
TYT | Tensions Flare On The Floor Of The 2016 Democratic National Convention (07/26/16) [8:42]
TYT | DWS Replacement Donna Brazile Also Against Bernie Wing Of Party (07/26/16) [6:10]
Aljazeera | UpFront: What does the world really think about a President Donald Trump? (07/23/16) [2:32]
Clinton Cash: "Devastating" Documentary Reveals How Clintons Went From "Dead Broke" To Mega Wealthy
Clinton Cash, a feature documentary based on the Peter Schweizer book, has been posted to YouTube for all to view free just in time for the DNC. Clinton Cash investigates how Bill and Hillary Clinton went from being "dead broke" after leaving the White House to amassing a net worth of over $150 million, with over $2 billion in donations to their foundation. This wealth was accumulated during Mrs. Clinton's tenure as Secretary of State through lucrative speaking fees and contracts paid for by foreign companies and Clinton Foundation donors. ...
Islam Vs The West - Has A Neo-'Operation Gladio' Been Started?
How should France answer to the horror in Nice? The country is now deeply entrenched in a long-term war with few hopes of dodging future attacks. The anger of the French population is understandable. But booing a prime minister at the commemoration ceremony for the loss of innocent lives is not the smartest idea. No intelligence service could have prevented the Nice attack as nothing in the profile of the lunatic who drove over 84 people could have suggested a potential link to terrorism. -- Al Jazeera
We've been writing regularly about the meme of "evil Islam" and our perspective that it is propaganda -- a dominant social theme -- intended to create military tension, further authoritarianism and even, eventually, wider wars setting the West against Islam. ... Read moreOperation Gladio: The Secret War (older) [4:05]
At the close of WWII, US allies created secret, "stay-behind" armies, designed to protect the population in the event of a Communist invasion. So why are they linked with terrorist groups? What were these secret armies actually doing, and - perhaps more importantly - did they ever stop?15 Years Of Terror: Timeline map of terrorist attacks since 2001 (07/25/16) [0:46]
DN | EXCLUSIVE: WikiLeaks' Julian Assange on Releasing DNC Emails That Ousted Debbie Wasserman Schultz (07/25/16) [16:17]
DN | Part 1: Clinton vs. Bernie Debate: As Turmoil Rocks Democrats, How Can Progressives Move Forward?, Part 1 (07/25/16) [10:37], Part 2 [8:06] TRNN | Portia Boulger, Featured in Viral Video Viewed by Millions, Explains her Anger at DNC (07/25/16) [13:24]
RT | Keiser Report: Max and Stacy talk first to Jeff Berwick of the Dollar Vigilante about Americans renouncing their citizenship as a solution to bank embargoes and double taxation. (E944) (07/23/16) [25:45]
ThomHartmann | Debbie Done at DNC! (full) (07/25/16) [50:38]
Thom discusses the similarities between the 1968 presidential election and the 2016 race with former Minneapolis Mayor R.T. Rybak, what Hillary's picking of Tim Kaine means with former Maryland Lieutenant Governor Kathleen Kennedy Townsend, and the Koch Brothers role in last week's Republican Convention with the Center for Media and Democracy's Lisa Graves. Tonight's Progressive Roundtable discusses the resigning and booing of Debbie Wasserman Schultz, how the DNC voted to keep superdelegates, and why Michael Bloomberg is speaking at the DNC Convention.*DR | Update On The Democratic National Convention (07/26/16) [1hr]
Democrats began their convention in Philadelphia struggling to unite behind Hillary Clinton, following email leaks that showed party officials tried to undermine Sen. Bernie Sanders (I-Vt). But by the end of last night, a series of positive and personal speeches by First Lady Michelle Obama, Sanders and Sen. Elizabeth Warren (D-Mass) energized the crowd and tried to turn the focus toward uniting behind Clinton and defeating Donald Trump. But Sanders' impassioned support for Clinton still drew boos, and his supporters vowed to continue protesting today. Guest host Derek McGinty and guests discuss the latest on the Democratic National Convention and party efforts to unify behind Clinton.DR | Matthew Dallek: "Defenseless Under The Night" (07/26/16) [1hr]
Historian Matthew Dallek looks at the history behind the Office of Civilian Defense, the country's first agency for homeland security, and the competing visions of those tasked with spearheading the department: New York City Mayor Fiorello La Guardia and First Lady Eleanor Roosevelt.Aljazeera | UpFront: Will Donald Trump win the US presidential election? (07/22/16) [24:52]
Debbie Wasserman Schultz Resigns As Democratic Party Chair
After mounting pressure from party officials, Democratic National Committee chair Debbie Wasserman Schultz announced her resignation on Sunday, sending the party into turmoil ahead of its convention this week.
In a statement, the Florida congresswoman said that she will step down immediately after the convention. "I know that electing Hillary Clinton as our next president is critical for America's future. I look forward to serving as a surrogate for her campaign in Florida and across the country to ensure her victory," she said. "Going forward, the best way for me to accomplish those goals is to step down as Party Chair at the end of this convention." ... Read more
How Putin Weaponized Wikileaks to Influence the Election of an American President
Evidence suggests that a Russian intelligence group was the source of the most recent Wikileaks intel dump, which was aimed to influence the U.S. election.
Close your eyes and imagine that a hacking group backed by Russian President Vladimir Putin broke into the email system of a major U.S. political party. The group stole thousands of sensitive messages and then published them through an obliging third party in a way that was strategically timed to influence the United States presidential election. Now open your eyes, because that's what just happened.
On Friday, Wikileaks published 20,000 emails stolen from the Democratic National Committee. They reveal, among other things, thuggish infighting, a push by a top DNC official to use Bernie Sanders' religious convictions against him in the South, and attempts to strong-arm media outlets. In other words, they reveal the Washington campaign monster for what it is. ... Read more
Here's How Clinton and Trump Stack Up on National Security, Russia, ISIS and More
Former U.S. Secretary of State Hillary Clinton was a leading architect of the Obama administration's strategic rebalance to Asia as well as the so-called "reset" in U.S. relations with Russia. Donald Trump is a prominent businessman and real estate mogul who has raised U.S. strength and competitiveness as chief issues and generated controversy over his views on immigration reform. Here's where they both stand on national defense, China, Iran, ISIS, North Korea, Russia, immigration and Cuba. ... Read more
Trump Surges In Latest CNN Poll, Takes 3 Point Lead Over Hillary
Accelerating the post-Trump speech/RNC convention "bounce" we noted over the weekend, CNN today reports that Trump has taken a dramatic 48% - 45% head-to-head lead over Hillary in the latest CNN/ORC Poll, conducted July 22-24. This represents a substantial 6% surge in support for Trump since the last poll conducted on July 16, and opens up Trump's largest lead over Clinton since September 2015. ... Read more
Your Tim Kaine VP Primer: 7 Things You Should Know About Hillary Clinton's Running Mate
Presumptive Democratic nominee Hillary Clinton on Friday announced Tim Kaine as her vice presidential running mate. Kaine is a more traditional (read: less progressive) politician than some of the other top picks, but also significantly less controversial. Here are some things you need to know about him:
Noam Chomsky: America Is on the Decline - Guess Who's to Blame?
"The United States is a victim of self-inflicted wounds which are significantly harming the economy and society in many ways," Chomsky recently stated, though he also admitted that, "even with the neoliberal policies, since President Reagan and comparable to Europe, The US remains, in realistic terms, the richest country in the world and has enormous advantages Still a position of overwhelming power, but "not as what it was, in particular, with regard to Latin America." ...
... "Anyone who's not living under a rock knows that we're facing potential environmental catastrophe and not in the distant future. All over the world, it's the indigenous communities trying to hold us back: first nations in Canada, indigenous people in Bolivia, aboriginies in Australia, tribal people in India. It's phenomenal all over the world that those who we call 'primitive are trying to save those of us who we call 'enlightened' from total disaster," said Chomsky. ...
Democracy Now! U.S. and World News Headlines for Monday, July 25 [11:31]
John Oliver - LastWeekTonight*John Oliver | Republican National Convention (07/24/16) [11:31]
Samantha Bee - Full FrontalSamantha Bee | RNCinCLE Check-in Day 4 (07/21/16) [1:29]
Samantha Bee | Nice to Meet You, America (07/21/16) [8:11]
TRNN | Vijay Prashad discusses whether Turkey's failed coup was a false flag operation, a badly botched but real attempt providing Erdogan an opportunity to purge the Turkish state of its secular components (07/25/16) [12:03]
TRNN | People for Bernie Call For Civil Disobedience at the DNC (07/23/16) [14:46]
TRNN | DNC - Protest Rally Day 1 (07/24/16) [2:45:54]
TRNN | A new promo video from Paul Jay and the TRNN team (07/23/16) [7:20]
TYT | Wikileaks Proves DNC Conspired Against Bernie Sanders! (07/23/16) [5:02]
TYT | Debbie Wasserman Schultz Resigns, Sanders Fans React (07/24/16) [1:58]
*DR | What's Ahead At The Democratic National Convention (07/25/16) [1hr]
The Democratic National Convention kicks off today in Philadelphia after a weekend of headlines -- some welcomed by the party, some not so much. On Saturday Hillary Clinton celebrated her chosen running mate, Senator Tim Kaine, in front of TV cameras in Florida. But the mood turned darker just a day later when Democratic National Committee Chair Debbie Wasserman Schultz resigned after the release of nearly 20,000 leaked party emails. Some of them indicated favoritism toward Clinton as she battled Bernie Sanders for the party nomination. We talk about the email controversy, the vice presidential candidate and what to expect at the convention this week.