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China’s Stock Market Falls, a New Global Financial Crisis Next? – Jack Rasmus

China’s two main stock markets, the Shanghai and the Shenzhen Exchanges, plunged more than 30% in recent weeks from their previous record highs of June 12. The Shanghai dropped 30%, and the tech-stock heavy Shenzhen by 37%. That’s the steepest stock decline in China since 1992. The markets briefly stabilized on July 9. But the question remains, will they continue …

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Resistance Radio – Michael Robinson – 07.12.15

Michael Robinson’s work focuses on the protection and recovery of top predators like Mexican gray wolves and jaguars. He has been associated with the Center for Biological Diversity since its founding and joined the staff in 1997. Michael holds a master’s degree in literature from the University of Colorado at Boulder and a bachelors from the University of Texas at Austin; he is also the author of a well-reviewed book on the history of wolves in the United States called Predatory Bureaucracy: The Extermination of Wolves and the Transformation of the West (University Press of Colorado, 2005). Today we discuss ocelots.

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Keeping Democracy Alive – Democracy Reborn in its Birthplace: Greece – 07.12.15

Standing up to economic bullies; that’s what the people of Greece voted to do. The creditor cartel, led by Germany, was determined to keep the screws tight, allowing for no restructuring of their unaffordable debt. But though the rejection of imposed-from-above austerity ventures into uncharted territory, the people, by a wide margin, voted to restore democracy in economic decision making. Just Foreign Policy’s Robert Naiman explains how this may relate to restoration of democracy in the US, and what this all may mean as an issue on the 2016 presidential election.

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Economic Update – Learning from Economic defeats – 07.12.15

Continuing our new format experiment: two in-depth analyses. In the show’s first half: The New Deal was both a victory and a defeat. Both offer crucial lessons for today. In the show’s second half, a critical review of labor’s short and long-run goals, labor’s defensive decline, and a new strategy built on lessons of that decline.

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Expat Files – 07.12.15

-More of the latest updates on certain Latin permanent residency programs for Expats. Note that very soon residency application requirements will be getting tougher. That means you’d better get on the stick and start making plans.        -Today we have another absolutely true, but very sad story, coming from a disjointed middle-class Latin American family with some members living …

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Alternative Visions – China’s Stock Bubble Bursts + Latest Greek Offer to the Troika – 07.11.15

On opposite ends of the world, two major financial instability events continue to emerge: China’s stock markets collapsing and Greece’s possible exit from the Eurozone. Both promise to produce significant contagion effects in the global economy, now already slowing. In the first half of the show, Jack reviews the latest Greek offer to the Troika delivered this past Thursday and compares it to prior Troika and Greek positions. The conclusion is Greece appears to have caved in to Troika concession demands in exchange for a ‘smoke and mirror’ restructuring of the Greek debt. If accepted, Jack argues, it will mean the Syriza government will eventually self-destruct—which has been the objective of the Troika from the very beginning. Traditional Euro social democracy (Greece’s proposals) is no longer acceptable to banker-investor governed Neoliberal Europe. Jack then takes a detailed look at the causes of the current freefall in China’s main stock markets and the possible consequences for China and the global economy. What’s behind the 150% rise in one year and now the collapse. Jack describes China’s latest emergency extreme measures being introduced to stem the fall, by injecting more de facto ‘QE’ money into the markets to stimulate stock buying again and introducing other extreme measures to stop stock selling. Likely potential contagion effects on China’s other markets (housing, local government debt, industrial debt) and its real economy are considered. Will China growth now slow further? What are consequences for the global financial system as contagion continues to spill over to other financial asset markets globally—stocks, bonds, commodities, currencies? Even more than Greece and the Eurozone, China’s markets collapse signal the global economy has moved one step further to another financial crisis event.

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The Vinyl Experience – 07.10.15

Grateful Dead: Touch Of Grey (single version)

Grateful Dead: Ripple ”

Gratetful Dead: Truckin ”

Grateful Dead: Uncle John’s Band ”

Grateful Dead: Attics Of My Life

Yes: Long Distance Runaround/The Fish

Yes: America (single version)

Yes: Roundabout ”

Yes: Wonderous Stories

Ringo Starr: It Don’t Come Easy

Beatles: Honey Don’t

Beatles: Sgt Pepper’s Lonely Heart’s Club Band/With A Little Help From My Friends

Ringo Starr: Photograph