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:
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
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.
"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
"There's not much on the record that's going to hurt her. She really is, like it or not, a pretty pedestrian moderate, technical, mainstream, fairly moderate liberal judge. She's basically David Souter."
—Dahlia Lithwick, senior legal correspondent for Slate, on Sonia Sotomayor
Joining us in remembering the King of Pop are Chuck D from legendary hip hop group Public Enemy, Brian Raftery, Contributing Writer for SPIN Magazine, and, Farai Chideya, journalist and friend of The Takeaway.
"I think of Michael Jackson as a brilliant artist and entertainer, and all those other issues about the plastic surgery or the child molestation, they're irrelevant to me."
— Chuck D. on Michael Jackson
Just months after our President proved that you can be born black in America and achieve the highest heights, the life of Michael Jackson offers a very different narrative: he is someone whose cultural legacy shaped his success, but did not provide a path to inner peace.
Michael Jackson seemed crushed under a weight of identity: black, man, star, brother, father and son. Add philanthropist, media-victim and manipulator, accused pederast, primate owner, fashionista and dancer. Owner of, and now perhaps a returnee to, Neverland.
Back in 2003, I wrote a piece asking what happened to the brownskinned boy who stole my heart and those of girls my age across the world. Why did he shed his color, and the sincerity of his smile? Continue reading ...
Just back from a trip to China is Assistant Energy Secretary David Sandalow, who joins The Takeaway to discuss how talks are going. Click through for the full transcript of the interview.
With the auto industry in crisis, Detroit residents are looking to their NHL team, the Red Wings, to bring a smile to their city. Tonight the Red Wings battle the Pittsburgh Penguins for hockey's Stanley Cup. The Takeaway talks to Red Wings fans Michele Rastelli and Jason Dritsan about the city's hopes for a win.
Highlights from Game 6:
"We have a railroad system at every level in this country that the Bulgarians would be ashamed of. We have to do better. And if we don't we're not going to be going anywhere."
— Author James Howard Kunstler on changing the American landscape
The news out of South Africa this week indicates there's something for the HIV-stricken country to celebrate. A new report says that HIV infections among young teens are down. In addition, the Western Cape is seeing fewer transmissions because more males are using condoms, and in the last three years the number of HIV infections has stabilized. Is the march of HIV slowing down?
The Takeaway is joined by Dr. Ernest Darkoh, a global health expert known for revolutionizing Botswana's HIV treatment program, to deconstruct the data. Click through for the full transcript of the interview.