August 5 - The SEC's New Rule That Corporations Disclose the Ratio of CEO Pay to Workers' Pay; Senator Bernie Sanders on His Campaign and the Issues; Why Iran Agreed to the P5+1 Deal

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Part 1

We begin with S.E.C’s approval of a rule to have American public companies regularly reveal the gap between what they pay their chief executives and the pay of their employees. Sarah Anderson, who directs the Global Economy Project at the Institute for Policy Studies and is the lead author of 20 annual “Executive Excess” reports joins us to discuss how, in spite of relentless lobbying from corporate America, this provision from the 2010 Dodd-Frank Act has finally succeeded and will begin to shed light on the growing income gap in America where fifty years ago a CEO was paid 20 times as much as his employees, compared to today where the gap in CEO pay is 300 times as much as what the average employee is paid.

Part 2

Then we hear from the longest serving independent member of Congress in American history, Senator Bernie Sanders, who is running for President of the United States as a Democrat. We discuss the fate of the P5+1 deal with Iran that President Obama defended today in a passionate speech at American University and reflect on tomorrow’s 50th anniversary of the 1965 Voting Rights Act that has been undermined by the Supreme Court, allowing Republican legislatures to suppress the votes of minorities, as well as getting an update on how the Sanders campaign is doing now that he is in a statistical tie with Hillary Clinton in the latest New Hampshire poll.

Part 3

Then finally we get an analysis of why the Iranians went along with the P5+1 deal and why Israel alone is the only country in the world opposed to it. Abbas Milani, the Director of Iranian Studies at Stanford University who taught at Tehran University’s Faculty of Law and Political Science and was also on the board of the University’s Center for International Relations, joins us. We discuss the forces inside Iran who are chaffing under the unpopular and repressive theocratic government and how American business will be left in the dust if the Congress kills the deal.

 

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