Radio commentary, November 28, 2009

Dubai melts Iceland, only about 80 degrees warmer? The latest sovereign financial crisis is Dubai, whose national holding company declared on Thursday that it needed to stop servicing its debts for a few months. (Wouldn’t it be nice if all of us could do that?) Dubai is a small country, less than 1600 square miles, on the Persian Gulf. It is one of the seven members of the United Arab Emirates. Its population is only about a million and a half, three-quarters of them male, and less than a fifth are citizens…. Read More

Radio commentary, May 23, 2009

[WBAI’s still fundraising; if you haven’t, please think of donating here, specifying Behind the News as your favorite show. Management changes at the station are the most hopeful thing that’s happened there in years. This week’s show ran only on KPFA, thus the Saturday date. Full audio of show here.] Mostly a mixed bag of economic news lately.  First-time claims for unemployment insurance fell by 12,000 last week, but the count of those continuing to draw benefits, which comes with a week’s delay, rose by 75,000. This continues the pattern we’ve been seeing recently,… Read More