Daily Archives: December 27, 2015

Australian bushfire destroys more than 100 homes


Al Jazeera English

Published on Dec 26, 2015

Firefighters battle massive blaze as it tracks along the picturesque coastline of the southern Australian state of Victoria. Gerald Tan reports.

Global Climate Change
Environment Ethics
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South American floods drive 150,000 from their homes


Al Jazeera English

Published on Dec 26, 2015

Heavy flooding in South America has left more than 150,000 people homeless. While Paraguay has been hit particularly hard, parts of Brazil, Argentina and Uruguay are also suffering. Gabriel Elizondo reports.

Global Climate Change
Environment Ethics
Environment Justice

U.S. Facing Upside-down Holiday Weather Pattern


Associated Press

Published on Dec 23, 2015

A weather pattern partly linked with El Nino has turned winter upside-down across the US during a week of heavy holiday travel, bringing spring-like warmth to the Northeast and heavy amounts of snow across the West. (Dec. 23)

Global Climate Change
Environment Ethics
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PM David Cameron: UK Floods ‘Incredibly Serious’


Associated Press

Published on Dec 27, 2015

British Prime Minister David Cameron said on Sunday that emergency services were dealing with “an incredibly serious situation” as they tackle flooding in the north of England. (Dec. 27)

Global Climate Change
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South Africa El Nino concerns


CCTV Africa

Published on Dec 26, 2015

South Africa is facing its worst drought in 30 years. Hot and dry weather conditions brought about by the el Nino weather phenomenon, has resulted in severe water shortages and food production, has been badly affected. 5 of the country’s 9 provinces have been declared agricultural disaster areas. As Sumitra Nydoo reports, with lower-than-expected yields, food prices are likely to soar.

Global Climate Change
Environment Ethics
Environment Justice

Trickle-Down Economics Benefits Billionaires: Bernie Sanders on the Federal Reserve Chair (2009)


The Film Archives

Published on Dec 25, 2015

Black was a central figure in exposing Congressional corruption during the Savings and Loan Crisis. He took the notes during the Keating Five meeting that were later published in the press, and brought the event to national attention and a congressional investigation.

According to Bill Moyers,

“The former Director of the Institute for Fraud Prevention now teaches Economics and Law at the University of Missouri, Kansas City. During the savings and loan crisis, it was Black who accused then-house speaker Jim Wright and five US Senators, including John Glenn and John McCain, of doing favors for the S&L’s in exchange for contributions and other perks. The senators got off with a slap on the wrist, but so enraged was one of those bankers, Charles Keating — after whom the senate’s so-called “Keating Five” were named — he sent a memo that read, in part, ‘get Black — kill him dead.’ Metaphorically, of course. Of course.”

On April 3, 2009 Black appeared on Bill Moyers Journal on PBS and provided critical commentary on the U.S. banking crisis.[6] In the interview with Bill Moyers,[7] Black asserted that the banking crisis in the United States that started in late 2008 is essentially a big Ponzi scheme; that the “liar loans” and other financial tricks were essentially illegal frauds; and that the triple-A ratings given to these loans was part of a criminal cover-up. He said that the “Prompt Corrective Action Law” passed after the Savings and loan crisis mandated that ailing banks should be put into receivership. Black also stated that trying to hide how bad the situation is will simply prolong the problem, as happened in Japan and resulted in Japan’s lost decade. Black stated that Timothy Geithner was engaged in a cover-up, and that the administration did not want people to understand what went wrong or how bad the banking situation was.

On April 20, 2010, Black testified before the House Financial Services Committee in a hearing titled “Public Policy Issues Raised by the Report of the Lehman Bankruptcy Examiner.” He testified about the role that Alt-A mortgages, what he called “liars’ loans,” on residential real estate played in the downfall of Lehman Brothers. His testimony was that “Lehman’s failure is a story in large part of fraud. And it is fraud that begins at the absolute latest in 2001, and that is with their subprime and liars’ loan operations.”[8] As explained in his prepared statement, his reference was to Aurora Loan Services, Inc., which was a subsidiary of Lehman: “Lehman’s principal source of (fictional) income and real losses was making (and selling) what the trade accurately called ‘liar’s loans’ through its subsidiary, Aurora. (The bland euphemism for liar’s loans was ‘Alt-A.’) Liar’s loans are ‘criminogenic’ (they create epidemics of mortgage fraud) because they create strong incentives to provide false information on loan applications.”

Global Climate Change
Environment Ethics
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IN DEFENSE OF FOOD | Too Much Sugar


PBS

Published on Dec 25, 2015

http://www.pbs.org/show/in-defense-of…
Premieres on PBS Wednesday, December 30, 2015, 9:00-11:00 p.m. ET.

Global Climate Change
Environment Ethics
Environment Justice
Food-Matters