July 2 - Bernie Sanders' Record Crowd in the Presidential Primaries; The June Jobs Report and the Wageless Recovery; The Largest Settlement by a Single Company in US History

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Part 1

We begin with the largest rally yet for a presidential candidate that took place in Madison, Wisconsin on Wednesday night where up to 12,000 people jammed the Veterans Memorial Coliseum to hear Senator Bernie Sanders call for a political revolution, declaring “The big money interests – Wall Street, corporate America, all of these guys – have so much power that no president can defeat them unless there is an organized grassroots movement making them an offer they can refuse.” The Mayor of Madison, Wisconsin, Paul Soglin joins us to discuss this break-out event and whether the lessons from the defeats of Senator Eugene McCarthy and George McGovern apply to Bernie Sanders’ campaign.

Part 2

Then we examine the June jobs report with Elise Gould, a Senior Economist at the Economic Policy Institute that shows a modest increase in job growth with a seven year low in unemployment in an economy where wages have not grown for working Americans since the late 1970’s, with many earning less today than they did back then. We also discuss the likelihood that this report will not give the Fed Chair Janet Yellin the “decisive evidence” she needs to see in the job market to raise interest rates.

Part 3

Then finally we assess the largest settlement to be paid by a single company in U.S. history, the $18.7 billion BP has agreed with the Department of Justice to pay to resolve years of litigation over BP’s 2010 Gulf of Mexico oil spill. Scott Eustis, a water policy analyst and coastal wetlands specialist with the Gulf Restoration Network in New Orleans joins us to discuss details of the settlement and whether it measures up to the damage done by the worst environmental disaster in U.S. history.  


 

 

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