Pacifica to file for bankruptcy?

Pacifica update: Bill Crosier, the network’s interim executive director (they’ve all been interim for years, since they can’t formally choose a permanent one) has decided to call for a bankruptcy filing, reminding directors who try to obstruct the move they could be personally liable for a breach of fiduciary duty. It wouldn’t surprise me if half the board members don’t know what that means. [Weirdly, Facebook won’t let me post the resolution itself, just Crosier’s email.]   Subject: Bankruptcy motion – It’s time Date: Wed, 27 Dec 2017 21:45:43 -0600 From: Pacifica… Read More

Pacifica death watch: this time it’s really real

Because WBAI is broke, almost listenerless, and run by idiots, the station didn’t pay its transmitter bill to the Empire State Building for a long time, and is now $3 million in arrears. The ESB has sued and wants to seize Pacifica’s assets, which would include KPFA and KPFK’s bank accounts and buildings. Because the Pacifica board is staffed by idiots, the network is not filing for bankruptcy or taking any other meaningful measures to protect itself. The rational thing to do would be to sell WBAI’s frequency (at 99.5, it’s on… Read More

Bitcoin, a commentary

When this commentary was broadcast at the beginning of my radio show at noon, Pacific time, December 21, bitcoin was trading at about $15,600. It had a bad Friday, losing almost a quarter of its value, bottoming out at $11,858, before recovering to $14,267 as I’m posting this. I am not claiming cause and effect. I’m going to indulge in a rare bit of holding forth on my own—on the topic of bitcoin. I thought of having a guest do that, but since I wrote a piece on the topic for The… Read More

Fresh audio product

Just added to my radio archive (click on date for link): December 21, 2017 DH on bitcoin • Yanis Varoufakis ties up some loose ends on Adults in the Room, and then discusses the need for a progressive internationalism

Is Bitcoin the future of money?

This originally appeared in The Nation, April 30, 2014, issue. With Bitcoin now having migrated from obscurity to headlines (though I said “all over the headlines” then, it’s really broken into the bigtime now), I thought I’d repost it here, since it’s behind a paywall. My BTC 0.05 would be worth $862.50 as I’m posting this, but I sold it, alas. Is Bitcoin the future of money Doug Henwood What’s being touted in some circles as the future of money looks hardly more peaceful than its past. Bitcoin, a formerly obscure cyber-currency, is… Read More

Fresh audio product

Just added to my radio archive (click on date for link): December 7, 2017 Jane McAlevey on power, strange alliances, and serious threats to workers • Jane McAlevey and Liza Featherstone on sexual harassment, capitalism, and power

Liberal suffering

Dahlia Lithwick had a cri de coeur in Slate the other day, worrying that the faith she’d placed in Robert Mueller & Co. to deliver us from Trump may be misplaced. It might have been good news had this paradigmatic liberal realized that trusting prosecutors and the national security state to perform good works might not be such a great idea after all. But, no, Lithwick’s concern is that Trump and his cronies have no respect for the rule of law. This faith in the rule of law is touching—though, as Corey Robin often points out,… Read More