Robert Johnson, Amy Domini, Daniel Gross

"Bill Moyers talks with economist Robert Johnson, who decodes this week's news on the bank bailout, with a hard look at the international ramifications of the plan and a discussion of why nationalization has become a flash point."

"Robert Johnson, former managing director of Soros Fund Management and an expert in emerging markets, believes the government's approach ... wastes taxpayer money and won't solve the financial crisis. The government's approach, Johnson argues, is too cautious. Recent developments in Central Europe only reinforce that the world faces a possible economic collapse, Johnson told Bill Moyers on the JOURNAL, in which 'the architecture of the integrated world would be shattered.'"

"Johnson calls for more drastic intervention, but thinks nationalization is the wrong word, 'People talk about nationalization. I just call it restructuring. Restructuring is a part of capitalism. That's how the airlines get restructured when they go through bankruptcy. Or you might have to deal with the auto industry, how you deal with venture capital projects. Do the same thing with the banks.'" Robert Johnson, former managing director of Soros Fund Management and Former Chief Economist of the Senate Banking Committee



"In this struggling economy, boomers are rightfully worried about the funds they were counting on to carry them through the rest of their lives. Will they be able to afford their own retirement?



"NOW turns to two experts for help and insight: Amy Domini, a pioneer in the field of socially responsible investing; and journalist Daniel Gross, who covers the economy for Slate and Newsweek." "Retirement at Risk" - Amy Domini of Domini Social Investments and Daniel Gross of Newsweek On PBS' Now

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Bailouts, Deregulation, Energy Investments

New Federal Government website as the bailout gets signed by Obama symbolically at the Denver Museum of Nature & Science. "The American Recovery and Reinvestment Act targets investments towards key areas that will save or create good jobs immediately, while also laying the groundwork for long-term economic growth. The charts and numbers below give you an idea of where the money is going." This blog has hopes that the emphasis on Infrastructure and Scientific Research and Energy Development will lay the groundwork for a long-overdue turnaround in many of the basics of our nation's economic prioritization process. It's like reminding a large multinational corporation that R&D needs to be a bigger part of their budget. Where is Your Money Going?"



Clinton refuses share of responsibility for current banking crisis. His argument is that if he had been president during the W years, none of this would have happened. But it seems eminently clear that the legislation he put in place was part of a progression of policy moves that had so much to do with the tangled mess we're in today: "Clinton Says Don't Blame Him for the Economic Crisis"



Former IMF Chief Economist says big banks should be broken apart like Standard Oil was back in the day.... Simon Johnson on Bill Moyers Journal

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