November 28 - A Climate Deal Slowdown as the Planet Heats Up; Can the White House Stop the Eurozone Crash?; Europe Leads the World's Economy to the Cliff

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Full Program

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Part 1

We begin with the U.N. Climate Summit just underway in Durban, South Africa where some of the world’s biggest greenhouse gas emitters the U.S., Russia, Japan, Brazil and India are arguing for a delay in implementing a new global regime to curb emissions and slow global warming. Cleo Paskal, the author of “Global Warring: How Environmental, Economic, and Political Crises Will Redraw the World Map” joins us to assess the chances of the smaller nations getting the bigger ones to stop stalling and start dealing with a growing global crisis. cleo paskal

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Part 2

Then we talk about an immediate crisis, the Eurozone’s mounting sovereign debt contagion that clearly has the White House worried, with President Obama hosting a summit of European Union leaders to urge them to “act decisively and conclusively”. Sherle Schwenninger, the director of the New America Foundation’s Economic Growth and American Strategy Program joins us to discuss what can and should be done to avert another Lehman Brothers event that will set back U.S. economic recovery and probably sink Obama’s reelection chances in 2012. sherle schwenninger

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Part 3

Then continuing with a further analysis of the looming European financial crisis, we are joined by Dimitri Papadimitriou, who is President of the Levy Economics Institute. We discuss the U.S. Treasury Secretary’s warning that the Europeans must find the political will to create a firewall against a spreading crisis and the just-released forecast by the OECD, the Organization for Economic Co-operation and Development that warns of an impending recession in Europe and the U.K. unless the European Central Bank takes action. dimitri
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