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Exclusive Interview with Author Jeff Madrick "The Age of Greed"
Attorney News |
2011/11/26 09:12
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LISTEN to an Exclusive interview: http://lbishow.com/index.php?option=com_content&view=article&id=361:the-age-of-greed&catid=51:americas-best-selling-authors-series
Prominent Trial Attorney, Jack Girardi, Ptr Girardi Keese, and Producer Steve Murphy interview award winning Author Jeff Madrick on his new book, Age of Greed, The Triumph of Finance and the Decline of America, 1970-Present .
Jeff has appeared on Charlie Rose, the Lehrer News Hour, Now with Bill Moyers, Frontline, C-Span, Book Notes, CNN, CNBC, CBS, BBC, and NPR. He has also served as a policy consultant and speech writer for Sen. Edward M. Kennedy and other U.S. legislatorsJeff is a regular contributor to The New York Review of Books, and a former economics columnist for The New York Times. He is editor of Challenge Magazine, visiting professor of humanities at The Cooper Union, and senior fellow at the Roosevelt Institute and the for Economic Policy Analysis, The New School. His last book, The Case for Big Government (Princeton), was named one of two 2009 PEN Galbraith Non-Fiction Award Finalists.
He is also the author of Taking America (Bantam, 1987), and The End of Affluence (Random House, 1995), both of which were New York Times Notable Books of the Year. Taking America was chosen by Business Week as one of the ten best books of the year. His book, Why Economies Grow (Basic Books/Century Foundation, 2002), emphasized the need for active public investment and a broader understanding of the causes of growth than was popular in academia at the time. He has written for many other publications over the years, including The Post, The Times, Institutional Investor, The Nation, American Prospect, The Globe, Newsday, and the business, op-ed, and the Sunday magazine sections of The New York Times. He is a regular blogger for The Huffington Post and The Daily Beast.
The Age of Greed is a fascinating and deeply disturbing tale of hypocrisy, corruption, and insatiable greed. But more than that, it's a much-needed reminder of just how we got into the mess we're in-a reminder that is greatly needed when we are still being told that greed is good. As Jeff Madrick makes clear in a narrative at once sweeping, fast-paced, and incisive, the single-minded pursuit of huge personal wealth has been on the rise in the United States since the 1970s, led by a few individuals who have argued that self-interest guides society more effectively than community concerns. These stewards of American capitalism have insisted on the central and essential place of accumulated wealth through the booms, busts, and recessions of the last half century, giving rise to our current woes. Intense economic inequity and instability is the story of our age, and Jeff Madrick tells it with style, clarity, and an unerring command of his subject.
You can contact Jeff Madrick @ http://www.jeffmadrick.com |
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Defendant in $670M scam enters guilty plea in Va.
Court Watch |
2011/11/23 09:48
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A man who cooked the books for a $670 million insurance industry scam pleaded guilty Monday to charges he helped mislead thousands of investors worldwide.
Jorge Luis Castillo, 56, Hackettstown, N.J., entered pleas in U.S. District Court to conspiring to commit mail and wire fraud in U.S. District Court. He is scheduled for sentencing May 22 and could receive up to 20 years in prison and fined up to $250,000.
Castillo, who originally was scheduled for trial in 2012, will assist the government's prosecution of Minor Vargas Calvo, 60, the president and majority owner of Provident Capital Indemnity Ltd., a Costa Rican company. He is scheduled for trial in February. He has pleaded not guilty to similar charges.
The government called Castillo a "gatekeeper" for Provident. As a certified public accountant, he cast himself as an "outside auditor" and falsely reported a rosy financial picture for the company, which had a global client base.
"This is truly an international fraud in scope," U.S. Attorney Neil H. MacBride said in a conference call after Castillo entered his plea. "As a result of Mr. Castillo's crimes, a lot of people lost life savings to life settlement companies because of the worthless guarantees that Mr. Castillo helped create. |
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NY top court clears probe of inflated appraisals
Legal Business |
2011/11/22 09:48
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New York's top court has cleared the state attorney general to pursue allegations that First American Corp. and subsidiary eAppraiseIT inflated property appraisals under pressure from client Washington Mutual.
The Court of Appeals says federal regulations do not pre-empt state claims alleging fraud and violations of real estate appraisal rules.
Then-Attorney General Andrew Cuomo brought the 2007 civil suit alleging the practice contributed to the national subprime mortgage crisis.
Washington Mutual collapsed in 2008 and became the nation's largest bank failure ever.
Six top court judges ruled that Congress envisioned "a robust partnership with the states" in aiming to prevent real estate appraisal abuse.
In a dissent, Judge Susan Read says the suit challenges a bank's federally regulated mortgage practices. |
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Accused White House shooter to appear in DC court
Topics in Legal News |
2011/11/21 09:22
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A man accused of firing an assault rifle at the White House is expected to appear in court in Washington.
Oscar Ramiro Ortega-Hernandez is scheduled to appear in federal court Monday at 1:45 p.m.
Ortega was arrested last week in Pennsylvania. The Idaho Falls, Idaho, resident is accused of driving by the White House on the evening of Nov. 11 and firing at the White House from his vehicle. Authorities say one of the rounds he fired cracked a window of the first family's living quarters.
President Barack Obama and first lady Michelle Obama were away, and no one was injured. |
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Courts weighs scrapping huge California water pact
Court Watch |
2011/11/21 09:21
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A vanishing lake figures large in a court battle over how Southern California gets it water, a high-stakes dispute with consequences that could ripple throughout the western United States.
A California appeals court is considering whether to overturn a landmark 2003 agreement that created the nation's largest farm-to-city water transfer and set new rules for dividing the state's share of the Colorado River. A three-judge panel of the 3rd Appellate District in Sacramento will hear arguments Monday and is expected to rule within three months.
Farmers and environmentalists involved in the lawsuit argue the pact is deeply flawed, while California water agencies say it is critical to keeping an uneasy peace on the river. The court has given each side 45 minutes to make its case and asked lawyers to focus on whether the state of California violated its constitution by essentially writing a blank check to restore the shrinking Salton Sea.
California long used more of the Colorado River than it was granted under agreements with Arizona, Colorado, Nevada, New Mexico, Utah, Wyoming and Mexico. Its overindulgence was never a big problem until Sunbelt cities like Phoenix witnessed explosive growth and other states clamored for their full share. Drought only exacerbated tensions. |
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