BTS 3/23/09: Death of Journalism; Infinite Debt

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We’re in an economic meltdown with public anger boiling over at the bankers, insurers and bonus-getters among them. In the second half of the hour we’ll talk to Tom Geoghegan, fresh from his bid for Congress in Chicago, who has the cover story in the current Harpers Magazine: he writes that unlimited interest rates (aka usury) have destroyed the economy – and he has plenty to say about Labor in telling the story.

But first we’ll talk to John Nichols who has written in the April 6 issue of The Nation with Robert McChesney that the collapse of journalism threatens democracy itself and that’s why we need a government rescue. They say that the threat to newspapers and journalism in communities across America is the most serious threat in our lifetimes to self-government and the rule of law as it has been understood here in the USA.

Read More for info on tonight's guests:

1. John Nichols writes about politics for The Nation magazine as its Washington correspondent. He is a contributing writer for The Progressive and In These Times and the associate editor of the Capital Times, the daily newspaper in Madison, Wisconsin. Nichols is the author of the upcoming book The Genius of Impeachment (The New Press), as well as a critically-acclaimed analysis of the Florida recount fight of 2000, Jews for Buchanan (The New Press) and a best-selling biography of Vice President Dick Cheney, Dick: The Man Who is President (The New Press), which has recently been published in French and Arabic. He edited Against the Beast: A Documentary History of American Opposition to Empire (Nation Books.) With Robert W. McChesney, Nichols has co-authored It's the Media, Stupid! (Seven Stories), Our Media, Not Theirs (Seven Stories) and Tragedy and Farce: How the American Media Sell Wars, Spin Elections, and Destroy Democracy (The New Press). McChesney and Nichols are the co-founders of Free Press, the nation's media-reform network, which organized the 2003 and 2005 National Conferences on Media Reform.

2. Thomas Geoghegan is a labor lawyer in Chicago, is the author of many books, including Which Side Are You On? Trying to Be for Labor When It’s Flat on Its Back and, most recently, See You in Court:How the Right Made America a Lawsuit Nation. He just ran for Congress in Chicago to replace Rahm Emanuel and his campaign energized progressives around the country.