August 23 - A Run on the Euro as Europe Runs Out of Time; The Pew Center's Devastating Report on the Shrinking Middle Class; How the Republicrats Rigged the Presidential Debates

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Part 1

We begin with a story that keeps coming back to haunt us, and that is the perennial Eurocrisis, now growing worse by the day while Europe's policymakers enjoy their long August vacation.Dimitri Papadimitriou, the president of the Levy Economics Institute joins us to discuss the accelerating run on the Euro as citizens in poorer nations move their money to Germany. making it impossible for Greece,Spain, Portugal, Italy, and Ireland.to cover their losses. dimitri

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Part 2

Then we look into the latest report by the Pew Research Center that finds the American middle class has shrunk by 10% from 1971 to 2010, while only the upper income group has increased their share of the nation's wealth to 46%, up from 29% in 1071. Meanwhile the lower income group rose to 29% of all adults, up from 25%. Branko Milanovic, a lead economist with the World Bank and author of "The Haves and Have-Nots: A Brief Idiosyncratic History of Global Inequality" joins us. branko milanovic

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Part 3

Then finally we speak with George Farah, the founder and Executive Director of Open Debates, an organization working to reform the presidential debates. We will discuss how the Republican and Democratic Parties took the debates away from the non-partisan League of Women Voters and have since rigged the system to weaken the format, limit the number of debates and exclude third-party candidates. george farah
  MUSIC: Barry McGuire - Eve of Destruction; The Shins - No Way Down; Modest Mouse - Missed The Boat; The Platters - The Great Pretender