Economic indicators show that the economy will see an upturn in the coming months. But Justin Fox, Editor-at-Large for TIME magazine, isn't too excited about the numbers. He joins The Takeaway to explain why. He is the author of the recently published The Myth of the Rational Market: A History of Risk, Reward, and Delusion on Wall Street.
For more, read Justin Fox's article, A Fun-Free Recovery, in TIME Magazine.
"I don't see anything but a rise in the tax burden. We've made a lot of commitments and at some point we have to pay for them. We've basically been able to borrow our way out of them for a while."
— Justin Fox of Time Magazine on the alleged end of the recession
President Obama has proposed sweeping changes to the regulation of the country's financial system. But do these changes actually address the root causes of our financial crisis? For one view, we turn to Eliot Spitzer, former Attorney General and Governor of New York. When he was Attorney General he made a name for himself suing companies like AIG for deception, fraud and boosting the company’s stock price. He also discusses his personal feelings at having to watch the unfolding crisis as a bystander and not as political leader.
"Rearranging the deck chairs does not fundamentally alter the fact that the regulators had the power over the past few years."
— Eliot Spitzer on financial reform
President Obama said yesterday that he will extend some benefits to the same-sex partners of federal employees. But with the Defense of Marriage Act still in place, how big a step forward is really possible? The Takeaway talks to Kenji Yoshino, the Chief Justice Earl Warren Professor of Constitutional Law at the NYU School of Law.
To see a map of the state of gay rights across the globe, click here.
President Obama has said "it is up to Iranians to make decisions about who Iran's leaders will be." This stance has riled some Republicans who are urging the president to show solidarity with Moussavi supporters. To explain his view, The Takeaway is joined by Congressman Mike Pence, Republican from Indiana and Chairman of the House Republican Conference. He has introduced a resolution in Congress to express support for the protesters. We also have Professor Hamid Dabashi, a professor of Iranian Studies at Columbia University and author of Iran: A People Interrupted, for his take.
Protesters are beginning to gather in Tehran for the "Day of Mourning" called for by opposition candidate Mir Hossein Mousavi. The planned sit-in is meant to memorialize those killed by government forces in earlier protests. To paint the scene in Tehran, we are joined by Farnaz Fassihi, Deputy Bureau Chief for the Middle East for the Wall Street Journal.
For more, read Farnaz Fassihi's article, Iran Arrests Reformers as Huge Protests Continue, in the Wall Street Journal.