Talk Nation Radio for September 24, 2008 special
Listen to this week’s special here
Mediachannel and Globalvision Inc. Founder and Executive Editor Danny Schechter joins us to talk about his new book, ‘Plunder, Investigating our Economic Calamity’ and the sub crime scandal.
‘I see Wall Street as a crime scene. You know one of those crime scene programs ought to get down there right away OK?’ Danny Schechter, September 24, 2008
‘Not only has the State of Georgia been prevented from executing an innocent man. But I think more importantly that the death machine has blinked here. The pressure and the efforts of tens of thousands of activists around the country and around the world has really had a demonstrable result. The Supreme Court routinely will conference at a last minute and turn down request for stays and deny cert petitions and in this case the fact that they instead granted a stay of execution in order to have an orderly and proper hearing of the arguments that Troy has made I think is rightly counted as a victory. We are clearly not out of the woods. We need to keep up the pressure and keep up the efforts but I think this is a tremendous victory and should be celebrated’. Mike Stark, National Coalition to Abolish the Death Penalty.
TRT: 29:50 music fades long
Produced by Dori Smith
Download at Pacifica’s Audioport or at Radio4all.net and Archive.org
First, we have been covering the painful case of Troy Anthony Davis who was about to be executed Tuesday September 23rd when the US supreme court stepped in to say they would review his appeal earlier than the September 29th date originally planned. Troy Davis has been on death row for 17 years for a murder he maintains he did not commit.
The Atlanta Journal Constitution has been covering the case and editorial page editor Cynthia Tucker has just come out in support of a new trial for Davis. She notes in her oped that if Davis had occupied a higher rung on the social ladder he probably would not have been convicted of murder in the August 1989 shooting of a Savannah police officer, Mark Allen MacPhail. His death as he worked a second job on the night shift as a security guard left behind a young wife to raise their infant son alone.
McPhail’s mother insists there is no doubt Troy Davis is guilty, but the Atlanta Journal Constitution has been covering the drama that has unfolded as seven of nine original witnesses for the state recanted testimony before Georgia’s Board of Pardon’s and Parole. The Georgia Supreme Court denied Davis a new trial in a 5 to 4 decision. Now the US Supreme Court will look at a brief asking them to consider hearing this case, and if they decide in Davis’s favor, it will be the first time the new evidence has been heard by any court. (see CNN coverage for quote from McPhail family)
When Treasury Secretary Paulson announced plans for a $7 billion dollar bail out for the failing mortgage loan and insurance industry, Republican John McCain offered a financial plan of his own. Democrat Barack Obama put a hold on his plan, saying he wanted to encourage a bipartisan look at the White House proposal first and then offer a plan after the Bush administration made a case for their solution. Financial analysts and the Bush administration are referring to the financial crisis in dire terms. Some have called it the worst financial crisis in U.S. history.
In what appears to be an attempt at claiming the debate, owning the ‘message’ McCain announced he would suspend his political campaign and he urged Barack Obama to do the same. Obama had already said he would wait on his announcement of an economic plan, however, he agreed to go to Washington and in effect ‘suspended’ his campaign too in order to accept an invitation from President Bush to meet for an informational discussion about Paulson’s bail out plan.
Ohio progressive Democrat Dennis Kucinch has offered an alternative to Paulson’s plan he says would avoid putting more money into junk holdings and offer support to US taxpayers instead. However, even as McCain’s plane landed in Washington D.C. points out the Associated Press, there was an agreement of sorts between Democrats and Republicans over a modified bail out plan.
The McCain/Palin campaign has been falling in the polls recently and only days before a debate with John McCain the LA Times reported that McCain’s campaign director Rick Davis earned 15,000 a month between 2005 and August of 2008. Even as McCain formulated a financial platform his campaign director, Rick Davis was on retainer with the failed company.
Various companies at the center of the crisis are under FBI investigation including Fanny Mae and Freddie Mac, AIG insurance giant, Lehman Bros., and the investigation could extend to other countries involved in the problem.
Danny Schechter offer his views on the Wall Street bail out. Schechter predicted the financial meltdown with a 2007 film, ‘In Debt We Trust’. Danny Schechter is author of numerous books including “Embedded: Weapons of Mass Deception.” He was in management and broadcasting for WBCN-FM, WGBH, CNN and ABC and has won Emmys, an IRIS award, a George Polk Award, a Major Armstrong Award, and honors from the National Association of Black Journalists.
Transcript pending..