As Congress continues to work through financial reform legislation, TARP oversight panel chief Elizabeth Warren weighs in on how to fix the banks and the continuing effects of the foreclosure crisis. Plus, one of the few economists to predict the crash, Nouriel Roubini, looks ahead to the next bubble. Also, state worker furloughs, the paid sick leave debate, and Guinean journalist Nassirou Diallo.
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Furloughs
Larry Borst, region director for the Civil Service Employees Association (CSEA), Local 1000, Metropolitan Region, talks about efforts to stop the furloughs of state employees caught in the middle of the budget impasse in Albany.
Paid Sick Leave
Urban Policy Analyst of the Drum Major Institute, John Petro, says paid sick leave is necessary for the physical and economic health of New Yorkers. Robert Bookman, lobbyist for the New York State Restaurant Association and a member of the 5 Boro Chamber Alliance, a group formed to oppose paid sick time legislation, argues the law would be too onerous for small business owners and would result in lost jobs.
Guinea: Journalism and Democracy
Nassirou Diallo, a Guinean journalist who fled the country following last year's massacre, and Jennifer Swift-Morgan, co-founder of Alliance Guinea, discuss the freedom of the press and its importance to a democracy.
→ Event: Nassirou Diallo will be speaking tonight at Columbia University's School of Journalism at a panel called Democracy Under Fire: Freedom of Media in Guinea, from 7 to 9 p.m.
Seeing It Coming
Economist Nouriel Roubini was one of the first to predict the current economic crisis. In his new book, Crisis Economics: A Crash Course in the Future of Finance, he argues that such crises are predictable.