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Review Finds 4 Million People Wrongfully Foreclosed On

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Once again, the banks are given a pass for their criminal behavior, while homeowners are given the shaft: 4 million people wrongfully foreclosed on. Can they get their houses back?:

Imagine you are a homeowner who has made your mortgage payments on time. Or pretend for a moment that you have been informed you are entitled to relief or promised a modification. Now, imagine that in spite of all that, you receive a foreclosure notice, which the bank follows through on.

That is the reality for the 4 million people the banks wrongfully foreclosed on between 2009-2010. Tuesday, the Office of the Comptroller of the Currency and the Federal Reserve announced the beginning of payments for some of those people whose homes were wrongfully taken from them.

As Hayes explained in the clip above, "given the scale of the deception and error, the amount of money on the table for those who've been victimized, is in most instances, cartoonishly small."

Here's more from Salon on Alexis Goldstein's What You Can Buy for Having Your House Stolen Tumblr page -- Bank stole your house? Have 10 pitchforks’ worth of compensation:

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Chris Hayes on the Thatcher Legacy

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As Chris Hayes noted in the opening of his show this Monday, former Prime Minister Margaret Thatcher was known for pulling no punches and "out of deference to that legacy, we should pull none ourselves" and reminded his viewers of some of the "hallmarks" of Thatcher's career.

Here's more on that same subject from his site: It’s Thatcher’s world. We’re just living in it:

Margaret Thatcher may have been out of office for nearly a quarter of a century, but we’re still living in her world.

The former conservative Prime Minister of Great Britain died Monday morning of a stroke, but her legacy remains at 10 Downing Street.

The government is once again locked in a pitched battle with British trade unions. And the Labour party—led, ironically, by Ed Miliband, son of the Marxist intellectual Ralph Miliband—is a lukewarm, deracinated shadow of what it was before Thatcher came to power. Wave after wave of budget austerity have wracked the country’s finances and contributed to the gradual dismantling of the welfare state. Even the National Health Service, the crown jewel of the United Kingdom’s social safety net, is being irrevocably transformed.

Here are some of the moments that brought us to this point and embody the essence of Thatcherism, the political ideals of the “Iron Lady” that live on.

1) The miners’ strike

Thatcherism’s economic program was one of austerity, privatization, and aggressive union-busting. In the mid-1980s, Thatcher’s government said it would shut down 20 coal mines across Great Britain, costing some 20,000 miners their livelihoods. When the National Union of Mineworkers (NUM) responded by going on strike, the government dug in its heels and waged a lengthy campaign to break the power of one of Great Britain’s largest unions.

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And we await the "social conservatives" heads exploding over this in 10... 9... Judge Rules Emergency Contraception Should Be Available To All Women Over The Counter:

In a victory for birth control access, a U.S. federal judge has ordered the Food and Drug Administration to remove the current restrictions on the morning after pill, commonly known as “Plan B.” Even though the FDA initially recommended that Plan B should be available without a prescription for women of all ages, the Obama Administration overruled that decision in 2011 to restrict access to emergency contraception for those under the age of 17. On Friday, citing the administration’s unnecessary “political interference” in the matter, Judge Edward R. Korman ordered the federal agency to reverse that decision.

Korman — a Reagan-appointed judge — determined that there’s no reason to prevent teens from purchasing Plan B over the counter, pointing out that the morning after pill is “among the safest drugs sold over the counter.” The judge also criticized HHS’s decision to overrule the FDA, explaining that “many public health experts saw as a politically-motivated effort to avoid riling religious groups and others opposed to making birth control available to girls.” Read on...



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From this Saturday's Up With Chris Hayes, panel member and Hayes' fellow contributor at The Nation brought up a topic at the end of the show that we unfortunately don't hear too often on MSNBC, which is the fact that the "Fix the Debt" campaign is not really interested in "fixing" anything. They're funded by a bunch of billionaires that are pushing for austerity measures and who are really just interested in lowering their taxes.

Sadly I don't expect we'll be seeing any disclaimers from the network every time they have one of these lobbyists from Pete Peterson's group on any time soon though, especially considering they've got one of them on their payroll. The more we complain, the more the so-called "liberal" network puts Ed Rendell on the air without disclosing his conflict of interests on the matter and he's just the tip of the iceberg when you look at the entire list of their leadership.

As Nichols informed the viewers here, there is a new web site that's been launched by The Center for Media and Democracy called PRWatch which has a lot more information on "Fix the Debt." You can check out the site here: PRWatch.

And here is more from one of their recent posts: Pete Peterson’s “Fix the Debt” Astroturf Supergroup Detailed in New Online Resource at PetersonPyramid.org:

Madison, WI -- One of the most hypocritical corporate PR campaigns in decades is advancing inside the beltway, attempting to convince the White House, Congress, and the American people that another cataclysmic economic crisis is around the corner that will destroy our economy unless urgent action is taken. Soon this astroturf supergroup may be coming to a state near you.

“We would not be here if it wasn’t for the Peterson Foundation and Pete Peterson. They laid the groundwork and we stand here on their shoulders.” – Fix the Debt Co-Founder Erskine Bowles

Today the Center for Media and Democracy launches a new wiki resources on the funding, leaders, partner groups and lobbyists of the Campaign to Fix the Debt, see it here at PetersonPyramid.org.

Move over David Koch and George Soros! The effort is being bankrolled by one of the wealthiest men in the nation. Peter G. Peterson made a fortune at the Blackstone Group on Wall Street. He conveniently cashed out with $2 billion shortly before the 2008 financial meltdown and now has pledged to spend $1 billion of that payout to convince Americans -- who overwhelmingly want to keep and strengthen Social Security and Medicare -- that these programs threaten our very existence as a nation.

His task is a tough one. [...]

Key to the strategy is ginning up a crisis. In lockstep, the CEOs, politicians, and partner organizations stormed the media last fall warning of the looming disaster of the so-called “fiscal cliff.” Breaching the fiscal cliff “will lead to chaos,” warned Erskine Bowles; “derail the fragile recovery,” said Goldman Sachs CEO Lloyd Blankfein; generate a "shock to the financial markets and a painful return to the recession,” said the CEO of Morgan Stanley.

But this chorus of calamity was pure hype. One Fix the Debt steering committee member, former Tennessee governor Phil Bredesen, let slip that the strategy was to create an “artificial crisis” that would force Congress to act.

Their goal is to achieve a Simpson-Bowles style “grand bargain” on an austerity agenda for the United States by the nation’s 237th birthday on July 4, 2013. [...]

Many Fix the Debt firms pay a very low or even a negative average tax rate, contributing to the nation's deficit. Fix the Debt is secretly pushing for a major tax break that would exempt profits earned overseas by U.S. firms from taxation and encourage the offshoring of U.S. jobs. While the Fix the Debt CEOs call for cuts to Social Security, many of the publicly-traded Fix the Debt firms underfund their employee pension plans -- making their workers even more dependent on the popular social insurance plan that American workers pay into with each paycheck.

And as Hayes mentioned during the segment as well, Nichols contributed to The Nation's article on Peterson's group here: Stacking the Deck: The Phony 'Fix the Debt' Campaign.

I hope everyone checks out the entire article and the rest of the resources at PRWatch and I wanted to share just one more item from there. From their SourceWatch page: Fix the Debt Leaders and Conflicts of Interest:

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Raising the Minimum Wage and the Forces Opposed to It

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If anyone needs a break from the typical fare we're treated to on the bobblehead shows on Sundays, check out some of Chris Hayes' show from this Saturday. It's rare that this kind of in depth and comprehensive discussion happens, even rarer where the discussion is so good, it's worth highlighting multiple segments. But that's exactly the case with this discussion of President Obama's proposal to raise the minimum wage made during his state of the union address, that is already being clouded by the fog of talking points in DC:

Then we’ll dive deep on the president’s proposal to raise the federal minimum wage from $7.25 $9 an hour, and to index the minimum wage according to inflation, so that it keeps pace with the cost of living. Republicans and business groups have lined up in opposition to a minimum wage increase, and in doing so, they’ve repeated a talking point that has been common in Washington for decades: that an increase in the minimum wage would lead to reductions in employment. As it turns out, there’s a growing body of empirical evidence that indicates that minimum wage increases, within a certain range, have no negative impact on employment, and may actually boost worker productivity and consumer demand, providing a much-needed stimulus to the economy.

For the most part, Hayes' guests were outstanding and really informative to listen to, with the exception of the Hispanic Leadership Network's Jennifer Sevilla Korn. She may be the kinder, gentler face of the Republican Party with toned down rhetoric with respect to the immigration issue, but on Hayes' show, she was nothing but a right wing talking points regurgitation machine with little to no facts to back up her assertions.

If you listen to her carefully during her time on the show, she was challenged by Hayes quite a few times to give specifics for her claims about minimum wage supposedly causing businesses not to hire or that it might cause inflation. How often does that happen? And just like a typical conservative, she never answers him. The same can't be said for the others on the panel who were more than willing to talk about specifics and shoot holes straight through her talking points.

In the segment above, Lew Prince, owner of Vintage Vinyl, Inc. a small business in St. Louis, Missouri, talked about his invitation to come to the White House with a number of other small business owners and they were asked by President Obama "What can I do for you?" Prince recounted that the first thing they all said in unison was to raise the minimum wage to $10 per hour, because "putting three hundred bucks a month in the hands of the customers is the best economic stimulus the country can have and that money tends to get spent in the businesses more than any other."

Unlike Korn, Prince's point is backed up by research.

A 2011 study by the Chicago Federal Reserve Bank finds that minimum wage increases raise incomes and increase consumer spending, especially triggering car purchases. The authors examine 23 years of household spending data and find that for every dollar increase for a minimum wage worker results in $2,800 in new consumer spending by his or her household over the following year.

A 2009 study by the Economic Policy Institute estimates that Obama’s campaign pledge to raise the minimum wage to $9.50 by 2011 would inject $60 billion in additional spending into the economy.

The National Employment Law Project's Tsedeye Gebreselassie followed up by discussing the fact that 74 percent of the public supports raising the minimum wage. Unlike the conservatives speaking out against it, they understand that that one cannot live on the current wage and that the minimum wage has not kept pace with inflation. They know the opposition is with the lawmakers supporting the top wage earners only.

Korn cites some unspecified economist-- who of course isn't a partisan--telling her that raising minimum wage is going to cause inflation. While that might be true if it is raised too high or if the economy was in a period of stagflation, that's not the political environment we have now and Prince countered her argument quite nicely.

PRINCE: You won't get a business owner that says that and I'll tell you what, the portion of wages, that is in my cost, is actually relatively small and even in the manufacturing and a whole lot of areas. It is relatively small. My overhead is complicated and large, and the minimum wage and the wage, is actually a small part of it. And prices in America, this is, you know, the great secret – prices in America are not set by the cost of making something or doing something. Prices are set by what market research tells most companies you are willing to pay. You know, the reason a beer is ten bucks at Yankee stadium isn't because...

HAYES: Of course not.

PRINCE: … you can get it there to the bar across the street where it is two bucks.

In the next segment the panel discussed the two different arguments we're seeing from Republicans on why they're against raising the minimum wage. One being the that it will cause a negative effect on employment and the other being that it will cause price spikes that the system cannot absorb.

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If anyone would like a change of pace from the typical debates we've seen over this "fiscal cliff" deal and who made out and who didn't, the upcoming debacle over raising the debt ceiling and what's really lead to the lack of upward mobility and record income disparity in the United States, I'd highly recommend you set aside some time to watch at least the first few segments from Up With Chris Hayes from this Saturday.

Unlike most of the brain-draining discussions we're treated to on the majority of our corporate media and despite the presence of guest Veronique de Rugy appearing again in less than a month on Hayes' show, I don't think most of our readers here will be disappointed with the discussions that went on.

As Hayes has been talking about for some time now, if you really want to know who our members of Congress represent, forget the rhetoric and look at how they vote and who they protect when we see them finally act and not just what we hear them saying during their posturing on television. As was pointed out during the discussions here, despite the fact that President Obama talked about protecting the middle class in this deal, most Americans are going to see their taxes go up with the expiration of the payroll tax holiday.

As the panel members discussed during the segments, there was bipartisan agreement on that for some good reasons, like not wanting to undermine the integrity of the Social Security trust fund. But as was also noted, that should have been replaced with a renewal of the Making Work Pay tax credit, which you can read more about here: Making Work Pay vs. the payroll tax cut, in two charts.

Sadly, our Congress is still showing themselves to be more worried about their rich campaign donors and this deal to make it through their last round of Shock Doctrine governance was no exception.

You can read more on all of this from Hayes' blog here and more video below the fold: The fiscal cliff deal: A tax hike for the real middle class:

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The Cynicism of Andrew Cuomo

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It's not often we see someone in the progressive media blast an establishment Democrat, and one with national aspirations, as completely and as thoroughly as Chris Hayes did this weelend with New York Governor Andrew Cuomo.

CHRIS HAYES: So what do we know that we didn’t know last week? We now know that Democrats cannot count on New York’s supposedly Democratic governor as an ally and every Democratic primary voter in the country should know that too. We already knew that in the run up to the election, Andrew Cuomo, whose aspirations for national office are well-known, did essentially nothing to aid the Democratic Party in its quest to take back the the State Senate from Republicans.

Hayes then lists some reasons to be wary of Cuomo, who he believes is putting his personal ambitions above his constituents wishes. The strange case of Simcha Felder, elected to the New York Senate as a Democrat but who recently announced he would caucus with Republicans instead, is for Hayes more damning evidence.

Despite the fact that he’s the leader of the Democratic Party in the state, and wishes someday to be the Democratic nominee for President, Cuomo has refused to intervene with Felder, saying he won’t insert himself into the controversy. Watching all this unfold, one can’t help but suspect Andrew Cuomo actually does not want a Democratic majority in the State Senate because a Republican majority gives him more of an opportunity to burnish his bipartisan compromiser bona fides before launching his presidential campaign. And much, much, much more insidiously, we suspect he doesn’t want a Democratic majority because said majority stands ready to pass a whole raft of incredibly important, ground-breaking progressive legislation, including public financing for elections, marijuana decriminalization and a minimum wage hike, among others. The governor says he favors all those policies, but in this case, he sure is not acting like it. We’re almost entirely sure that very soon Andrew Cuomo will be coming before many of the people watching this show, asking for your support in a Democratic primary race to be the next president. You should remember this remarkably cynical display when he does.

(h/t Politicker for the transcript.)

If, as expected, Cuomo does run in 2016 for the Democratic nomination he would likely be the leading candidate if Hillary Clinton doesn't run. He would also be able to raise a ton of money, far more than anyone else. And if Republicans can no longer win the presidency a moderate, business-friendly Democrat might suit them just fine.



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Chris Hayes and his Story of the Week on the predicament for Republican party and conservatives who are "creating their own electoral enemies" with "its visceral appeal to anxieties and fears of white Christians."

After listening to Republicans discussing their some of their losses after this last election, I'd say they're more than aware that they've got a problem, but are unwilling to admit they need to do more than put a little nicer window dressing on their policies. And I don't see them giving up on the fearmongering any time soon. It's all they've got left.

White identity politics doomed 2012 Republican effort:

Of all the surprising and revealing results from Tuesday night, there is one relatively small bit of exit polling data that I think is the key to understanding the entire evening.

You’ve probably heard by now that Mitt Romney won white voters by a sizable margin, while Barack Obama ran up huge margins among African-Americans and Latinos.

In fact, he won Latinos by 71% to 27%, an even wider margin than in 2008 when he won them 67% to 31%. But almost no one has noticed what to me is the most shocking result, and that’s how the two candidates did with Asian-American voters.

Now, Asian-Americans made up a very small sliver of the electorate, just 3%, so a presidential candidate’s performance within that group doesn’t necessarily carry with it massive electoral consequences.

But Asian-Americans are also, according to the latest census, the fastest growing racial sub category in America. In fact, the census projects that by mid-century they will make up 9% of the country. And as it happens, Asian-Americans are also the nation’s highest earning ethnicity, with median incomes even higher than those of whites.

So you might have predicted that Mitt Romney would do well with them, since he won among voters making more than $100,000 a year.

But he did not. He got creamed, losing Asian-American voters 73% to 26%. This is a shocking result not only because just 20 years ago George HW Bush carried Asian-Americans comfortably, or because the margin is so wide,but because the entire category of Asian-American is so obviously a construction there’s little reason to suspect members of the group would vote with each other in any discernible pattern.

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Here we go with another CEO pushing the boundaries of what's legal when it comes to attempting to coerce their employees into voting for the candidate of their choice -- Exclusive: CEO suggests employees' jobs may be at stake if Romney doesn't win:

Westgate Resorts CEO David Siegel came under fire this week for sending an email to his employees demanding that they vote for Mitt Romney and threatening to downsize the company if they don't. But Siegel's email isn't an outlier. It fits a pattern of imperious CEOs attempting to marshal the support of their employees in pursuit of their own political interests.

Up w/ Chris Hayes has exclusively obtained an email sent by the CEO of a Florida-based software firm, ASG Software Solutions, to his over 1,000 employees asking them to vote for Romney for president and suggesting that their jobs may be at stake if Romney doesn't win. The subject line of the email, sent by ASG President and CEO Arthur Allen on Sept. 30, asks: "Will the US Presidential election directly impact your future jobs at ASG? Please read below."

Allen then suggests that the company may have to downsize, or be bought by a larger company, if President Obama is re-elected, and suggests that massive cuts and layoffs would ensue if that occurs.

"We have been able to keep ASG an independent company while still growing our revenues and customers. But I can tell you, if the US re-elects President Obama, our chances of staying independent are slim to none," Allen writes. "If we fail as a nation to make the right choice on November 6th, and we lose our independence as a company, I don't want to hear any complaints regarding the fallout that will most likely come.

Allen adds: "I am asking you to give us one more chance to stay independent by voting in a new President and administration on November 6th. Even then, we still might not be able to remain independent, but it will at least give us a chance. If we don't, that chance goes away."

Up w/ Chris attempted to contact Allen several times via phone and email during business hours on Friday. His outgoing message said he was out of the country, so Up w/ Chris also placed calls and sent emails to several other officials at ASG during business hours on Friday as well. We have not received a response.

The full text of Allen's email is available at the link above.



Chris Hayes Story of the Week: The Beauty of Process

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From this Saturday's Up With Chris Hayes, his Story of the Week is a good reminder for anyone who is not thrilled with a lot of the ugliness of our democratic process, or frustrated with dealing with the United Nations -- it sure beats the alternative.

Hayes: The beauty of process:

ABC's Martha Raddatz did, I thought, on the whole, a pretty good job moderating Thursday night's vice presidential debate, particularly when asking questions on her area of expertise, foreign policy. But her final question of the night, about the negativity and sordidness of electoral politics, really bothered me.

Here's what she asked:

I recently spoke to a highly decorated soldier who said that this presidential campaign has left him dismayed. He told me, quote, "the ads are so negative and they are all tearing down each other rather than building up the country." What would you say to that American hero about this campaign? And at the end of the day, are you ever embarrassed by the tone?

That soldier, of course, isn't alone: Lots of Americans feel the same way. I've heard the same thing from random voters I've interviewed in every campaign I've covered. And it's a recurring theme among the political press paid to cover politics to bemoan the nastiness and negativity of the thrust and parry of electoral politics. But it's an impulse we should collectively resist, because it contains the kernel of an insidious view of the value of democracy and diplomacy and bureaucracy and the manifold ways that we as human beings channel and resolve conflict in a non-violent fashion.

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