Streams

Farai Chideya

Political Contributor

Farai Chideya appears in the following:

Do Goldman's Numbers Mean the Recession is Over?

Tuesday, July 14, 2009

Analysts were expecting Goldman Sachs to post around $2 billion in profit in their second quarter. But when the numbers were released they surprised everyone with a profit of $3.4 billion. If Goldman Sachs is doing so well, does this mean America is on its way out of the recession? Dan Gross, columnist for Newsweek and Slate, and author of Dumb Money: How Our Greatest Financial Minds Bankrupted the Nation joins The Takeaway with his analysis of the financial news.

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Record Earnings, Record Bonuses for Goldman Sachs?

Tuesday, July 14, 2009

Goldman Sachs has just released their earnings report showing that they made a jaw-dropping $3.4 billion profit from March through June. How are they doing it while the rest of the nation is facing bleak economic times? And what do record profits mean for the employees of Goldman? Graham Bowley, financial reporter for The New York Times, joins us for a closer look at the numbers.

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Progress in Afghanistan?

Tuesday, July 14, 2009

As the U.S. military continues its operation in Afghanistan's Helmand province to flush out the Taliban and eradicate the area's opium trade, we check in with the troops. Brigadier-General Eric Tremblay of the International Security Assistance Force is watching over the 4,000 Marines there. He joins The Takeaway to talk about progress, casualties, and to provide an overall update on the security situation in Afghanistan. Also joining the conversation is Retired Lieutenant Colonel John Nagl. He’s the President of the Center for a New American Security a national security think-tank in Washington, DC.

Follow the Center for a New American Security on Twitter! Add @CNASdc.

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In Their Wildest Dreams: Goldman's Record Payday

Tuesday, July 14, 2009

The financial markets were in a frenzy yesterday after rumors started circulating about Goldman Sachs' earnings. Most analysts were expecting a record $2 billion in second quarter profits from the investment bank. Now the numbers are out and Goldman's profits are even bigger than expected: $3.44 billion dollars profit from March through June. Ed Welsch, a markets reporter for the Dow Jones Newswire, joins The Takeaway with more on this story.

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DJ Spooky: Civil Rights Unbound

Tuesday, July 14, 2009

Throughout the last century, the struggle of the civil rights movement has been documented in photos, speeches, poems and paintings. Paul Miller, a.k.a. DJ Spooky, mixed clips from the long history of the civil rights movement and created a digital media collage that was commissioned specifically for the NAACP’s centennial. It's called, "Winds of Change: A Composition and Homage to the NAACP on 100 Years of Change." The Takeaway talks to DJ Spooky about his work.

 

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Goldman Sachs: When Good News Is Bad

Tuesday, July 14, 2009

Today, Goldman Sachs announced massive profits from the second quarter— $3.4 billion dollars. But as they announced the good news, they had to brace themselves to deal with some inevitable public outrage. How can Goldman avoid a public relations nightmare? The Takeaway is joined by Jonathan Bernstein, President of Bernstein Crisis Management, Inc.

"It's a choice: does Goldman Sachs want to be known as successful and arrogant about it or successful and humble? Humble is a lot smarter because their continued success is not guaranteed, and their former arrogance can come back and bite them."
—Jonathan Bernstein, professional crisis manager, on how the banking giant should behave in the face of its record profit

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Judge Sotomayor, The Bronx is Watching

Tuesday, July 14, 2009

The Takeaway checks in on Sonia Sotomayor's old stomping ground: the Bronx. Joining the conversation are Mary McKinney, founder of the Concerned Residents Organization in the Soundview section of the Bronx; Agnes Rivera, with Community Voices Heard, a low-income public housing campaign; and Orlando Plaza, owner of Camaradas del Barrio restaurant in East Harlem.

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Walking the Plank: The Sotomayor Hearings, Day Two

Tuesday, July 14, 2009

Yesterday the Senate Judiciary Committee kicked off the confirmation hearings for Judge Sonia Sotomayor. Republican members of the Senate judiciary committee cautioned that Sotomayor could be an "activist judge," prone to favor minority groups; Democrats emphasized her American dream credentials. Today, Senate Judiciary Committee members will likely grill her on judicial decisions. Joining us for a recap of yesterday's events and a look ahead is Jeffrey Rosen. He is a Professor of Law at George Washington University, and legal affairs editor for The New Republic. He’s also the author of The Supreme Court: The Personalities and Rivalries That Defined America.

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Buy Me Some Crackerjack! It's Baseball's All-Star Game

Tuesday, July 14, 2009

The Takeaway previews Major League Baseball's All-Star game with Takeaway sports contributor Ibrahim Abdul-Matin. The game in St. Louis tonight sees the National League trying to beat the American League for the first time in 13 years. President Barack Obama will be throwing out the first ball before joining former Presidents George W. Bush, Bill Clinton, George H.W. Bush and Jimmy Carter in a video address to be aired during the pre-game ceremony.

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Sotomayor: Grilling the 'Wise Latina'

Tuesday, July 14, 2009

Yesterday was the first day of Sonia Sotomayor's confirmation hearings. Today the senators will get their chance to challenge the nominee on her rulings, speeches, and judicial philosophy. The Takeaway's Washington Correspondent Todd Zwillich joins us with a look at the highlights.

If you missed Sonia Sotomayor's opening statement, here it is:

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Damned If You Do: Profiting in a Recession

Tuesday, July 14, 2009

While much of America remains mired in a recession, Goldman Sachs is booming. The investment bank just paid back the $10 billion loan it took from the federal government last year and today Goldman is expected to announce a $2 billion dollar profit in its second quarter earnings report. How did Goldman go from bust to boom so quickly? Joining The Takeaway with their analysis are Matt Taibbi, a contributing editor to Rolling Stone, who wrote a scathing article on Goldman's practices, and Graham Bowley, a financial reporter for The New York Times. Graham's article on Goldman's expected earnings set off a market buying frenzy.

For more, read Matt Taibbi's article Inside the Great American Bubble Machine, in Rolling Stone. Also, read Graham Bowley's article, For Goldman, a Swift Return to Lofty Profits, in The New York Times.

"The entire Wall Street knows that this bank isn't going to go under because the government just isn't going to allow it."
—Matt Taibbi of Rolling Stone on the high earnings of Goldman Sachs

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Marking the NAACPs Centennial Convention

Monday, July 13, 2009

The NAACP has gathered in New York for a six-day convention celebrating its 100-year anniversary. It’s an enormous affair with giants such as Cornel West, Reverend Jesse Jackson, and President Obama paying tribute to the accomplishments of the civil rights organization. The civil rights group was formed by a multi-racial coalition in 1909, sparked in 1908 by a deadly race riot in Springfield Illinois. Nearly a century later, Barack Obama launched his presidential campaign not far from where the riot took place. Looking at the challenges ahead and its past accomplishments we are joined by Melissa Harris-Lacewell. She is an Associate Professor of Politics and African American Studies at Princeton University.

Read about what was life was like for black Americans in 1909.

"Every civil rights organization ultimately wants to die. Because the goal is to have full equality. And if you have full equality then your institutional purpose is no longer important."
—Melissa Harris Lacewell on the anniversary of the NAACP

The Takeaway will be covering the convention all week long. Tomorrow we continue the conversation with the artists' take on the NAACP’s legacy. We’ll be joined by musical sensation DJ Spooky and poet Elizabeth Alexander.

 

 

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A Sherpa's View: Surviving the Congressional Hearings

Monday, July 13, 2009

As Judge Sonia Sotomayor takes the stand at the confirmation hearings this week, there's a lot of behind-the-scenes prepping. A "Sherpa"--named after local mountain guides who take foreign explorers up the Himalayas -- helps to guide Supreme Court nominees to the summit of gaining Senate confirmation. Joining The Takeaway is Jamie Brown, the Sherpa behind the confirmation of the last two successful Supreme Court nominations, Samuel Alito and Chief Justice John Roberts. She was also formerly a legislative affairs aid for the White House under President George W. Bush.

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A Talk with GM's Bob Lutz: New Cars, New Goals

Monday, July 13, 2009

On Friday General Motors emerged from bankruptcy after only forty days in Chapter 11. Now they’re trying to project the image of the “new” GM. What new cars will they roll out—and what are the company's chances of actually making a profit? Joining The Takeaway from Detroit is Bob Lutz, GM’s Vice Chairman. Lutz began his career in the auto industry in 1963 and he’s in charge of brands, marketing, advertising and communications for GM.

"Our goal is to get back to being a wholly-privately-owned company in two or three years — at the latest four years. And that's the government's goal too."
—GM vice-chairman Bob Lutz on the state of the company


Click through for a transcript of our discussion with Bob Lutz.

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Judging Against Sonia Sotomayor

Monday, July 13, 2009

The Takeaway talks to Nicholas Quinn Rosenkranz. He’s a professor of law at Georgetown University –and he’s a testifying against Judge Sonia Sotomayor at the Senate confirmation hearings this week.

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Cheney's Secret Program: Was It Constitutional?

Monday, July 13, 2009

To talk about Dick Cheney's CIA counter-terrorism program and the rights of the Executive Branch and Congress is Laurence Tribe, Carl M. Loeb University Professor at Harvard Law School.

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Cheney's CIA Secret Anti-Terror Program

Monday, July 13, 2009

Former Vice President Dick Cheney ordered the CIA to withhold information from Congress for eight years regarding a secret counter-terrorism program. C.I.A. director Leon Panetta told the Senate and House intelligence committees back in June about this and immediately put an end to the program. The program never became fully operational but details of it still remain classified. Joining The Takeaway is The New York Times National Security Reporter, Scott Shane.

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Are Kids Naturally Racist?

Monday, July 13, 2009

Every Monday, The Takeaway focuses on the family. Today, author Jeremy Adam Smith joins us to talk about his young son and discuss the provocative question of whether parents unconsciously raise kids to be racists. He is the author of “Daddy Shift: How Stay-at-Home Dads, Breadwinning Moms, and Shared Parenting Are Transforming the American Family."

Click through for a transcript of this interview.

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Geting to Know Sotomayor

Monday, July 13, 2009

Today the confirmation hearings for Supreme Court nominee Judge Sonia Sotomayor begin. To find out more about the nominee, we talk to Margarita Rosa, the Executive Director of Grand Street Settlement in New York who first met Sonia Sotomayor when they were undergrads at Princeton. We are also joined by Ellen Chapnick, Dean of the Social Justice Program at Columbia Law School and a Lecturer–in-Law. She co-taught a class with Sonia Sotomayor and has known her since the late 1990’s.

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This Week's Agenda with Marcus Mabry and Jonathan Marcus

Monday, July 13, 2009

This week in The Takeaway's Monday agenda: the Senate confirmation hearings of Sonia Sotomayor, the health care debate continues, bank earnings out this week may cause some controversy and Treasury Secretary Tim Geithner is in Europe and the Middle East. The Takeaway is joined by Marcus Mabry, the International Business Editor for The New York Times. Also joining the show is the BBC's Diplomatic Correspondent Jonathan Marcus.

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