Friday, July 08, 2016

Brexit Turbo Charger For Gold
Boom Bust .. UBS strategist Joni Teves says gold is more compelling than ever .. also a discussion with University of Massachusetts-Amherst professor emeritus Richard Wolff to discuss the desperate fiscal & economic situation in Puerto Rico. And in the Big Deal, Ameera and Edward Harrison discuss the currency volatility resulting from the Brexit vote in the UK .. 1/2 hour total program

1 comment:

Anonymous said...

The Democrats Ignore the 500-Pound Lobbyist in the Room As party members meet to approve a new platform, they pay little attention to the industry that's destroying government and politics

All fine and dandy, and sure, language may change as the committee meets in Orlando this weekend to approve a final draft that will be sent to the convention later this month. But so far, there’s zero about the billions of dollars spent to lobby Congress, the White House and the other federal regulatory agencies — $3.22 billion last year alone.

Nothing about how lobbyists bundle masses of cash for candidates and bankroll lavish lunches and soirees at the party conventions. Nothing about the thousands employed along K Street to woo politicians and government officials on behalf of their fat-cat clients. Nothing about the trickle down of the lobby industry from DC into our states, counties and municipalities. Just the other day, the St. Paul Pioneer Press reported that since 2002, lobbyists in Minnesota alone have spent nearly $800 million buying influence: “The amount spent per year has doubled, and the number of new lobbying clients seeking to make themselves heard has tripled.”

Funny kind of democracy where you have to shell out big bucks to get any attention paid, emphasis on the “paid.” It reminds me of my late friend, humorist Henry Morgan, who used to say that the word democracy was derived from the Greek — demos, meaning “people,” and cracy, meaning “crazy.”

But the Democrats’ failure to sound the alarm on lobbying isn’t surprising, really. No one in either of the two party establishments wants to upset the cart that delivers all them golden apples. Besides, as journalist Thomas Frank writes, Washington and the lobbyists that the city nurtures have bonded as “a community – a community of corruption, perhaps, but a community nevertheless: happy, prosperous and joyfully oblivious to the plight of the country once known as the land of the middle class.”

Lobbying remains one of the nation’s “persistently prosperous industries,” Thomas Frank notes, with a “curiously bipartisan nature… After all, for this part of Washington, the only real ideology around is based on money – how much and how quickly you get paid.”

Look on their works, ye Mighty, and despair! Or better yet, take a look at a recent article in Politico, the publication which is to Washington gossip and dealmaking what Variety is to Hollywood gossip and dealmaking.

Isaac Arnsdorf of Politico writes, “Not only did the lobbying reform bill fail to slow the revolving door, it created an entire class of professional influencers who operate in the shadows, out of the public eye and unaccountable.”


http://billmoyers.com/story/democrats-ignore-lobbyist-room/