Where Did All the “Progressive” Listeners Go
Air America has announced it will end all broadcast operations and file for bankruptcy protection.
In a memorandum posted on the progressive talk radio network’s Web site Thursday, chairman Charlie Kireker said, “the very difficult economic environment has had a significant impact on Air America’ business,” forcing it to cease “its live programming operations as of this afternoon.”
Air America was founded in 2004 and filed for bankruptcy protection two years later. It managed to remain on the air but continued to struggle to find an audience and advertisers.
Two liberal MSNBC commentators, Rachel Maddow and Ed Schultz, once hosted programs on Air America. Minnesota Sen. Al Franken had his own show on the network from 2004 to 2007.
via Progressive Radio Network Air America Goes Under — Politics Daily.
January 21, 2010 No Comments
Mr. President: Your Treasury Secretary Isn’t Even on Board
U.S. Treasury Secretary Timothy Geithner has expressed some skepticism behind closed doors about the broad bank limits proposed on Thursday by his boss, President Barack Obama, according to financial industry sources.
The sources, speaking anonymously because Geithner has not spoken publicly about his reservations, said the Treasury chief is concerned the proposed limits on big banks' trading and size could impact U.S. firms’ global competitiveness.
He also has concerns that limits on proprietary trading do not necessarily get at the root of the problems and excesses that fueled the recent financial meltdown, the sources said.
via UPDATE 3-Geithner aired concern on bank limits-sources | Markets | US Markets | Reuters.
January 21, 2010 No Comments
Obama: Let’s Try Changing the Subject
Others accused the White House of adopting a populist message to divert attention away from the blow delivered by the Democrats’ defeat in the Senate race in Massachusetts.
The measures, which require congressional approval, hark back to the response to the 1929 stock market crash that ushered in the Glass-Steagall Act, separating commercial and investment banking, which remained in law until 1999.
via FT.com / US / Politics & Foreign policy – Obama hammers Wall Street banks.
January 21, 2010 No Comments
