Wall Street suffered through another volatile session today. The Dow Jones plunged as much as 800 points — the largest EVER one-day point drop — before recovering to close with a loss of three hundred seventy. The selling spree took the Dow below 10,000 points for the first time in four years. Investors have apparently come to the realization that the Bush administration's 700 billion dollar rescue plan is not sufficient to unfreeze the credit markets. Meanwhile, Standard and Poor reports that the US economy is down nearly thirty percent from the October 2007 peak. Fourteen percent of this drop has occurred since September 1st, 2008.
Democracy Reform Oregon has released a detailed analysis of Loren Parks and his 11 million dollars in contributions to Oregon campaigns since 1992. KBOO Reporter Crystal Leighty spoke with Janice Thompson, one of the reports’ authors
On the 10/09 Thursday Radiozine Per Fegereng interviews Chalmers Johnson, author of the new article "Voting the Fate of the Nation, Will Economic Meltdown, Race or Regional Loyalty be the Trum Card in Lelectin 2008?" on Tomdispatch.com . Chalmers Johnson's latest Book is Nemisis: The Last Days of the American Republic.
On the 10/09 Presswatch, host Theresa Mitchell interviews Peter Philip Philips, Director of Project Censored and Mickey Huff, Associate Director. Phillips and Project Censored co-authored the new book: Censored 2009: The Top 25 Censored Stories of 2007-2008.
In Zimbabwe, in southern Africa, Robert Mugabe may still be president, but his cabinet is in crisis. The cabinet seats for his party total fifteen. These cabinet seats control finance, foreign affairs, police, justice and government information. The main opposition party currently controls thirteen cabinet seats. According to U-S officials, an economic blockade on food and investment will be lifted if the government of Zimbabwe increases the number of cabinet seats of the opposition. Obi Egbuna is a correspondent with the Zimbabwean Herald and a member of the Pan-African Liberation Organization: While the economy of Zimbabwe remains in crisis, those closest to President Robert Mugabe are doing quite well financially.