kai Wright at Brave New Filmshttp://bravenewfilms.org/topics/kai-wright2008-10-31T21:31:15ZGRITtv Live at Noon: Will Swiftboating Obama Work?http://bravenewfilms.org/blog/56052-grittv-live-at-noon-will-swiftboating-obama-work2008-10-31T21:31:15ZGRITtv
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<p><p>With only four weeks left before election day, there is strong evidence that we are slipping into the deepest recession in decades. The latest sign came on Friday, when the government reported its unemployment numbers. 159,000 jobs were lost in September - the worst one-month drop in more than five years. It brings to 760,000 total the number of jobs that have disappeared this year. It seems that we are not a nation of whiners, as Phil Gramm would have us believe. </p><p>In the middle of this economic crisis, the worst since the Great Depression, Sarah Palin spent her weekend talking about Barack Obama's ties to a "domestic terrorist." Will politics as usual work this time or are the stakes too high? On GRITtv we discuss the economic crisis and presidential politics with ARUN GUPTA, KAI WRIGHT, and MARK WINSTON GRIFFITH. </p><p>We stream live at noon eastern. </p><p>*Post your comments and questions at <a href="http://lauraflanders.firedoglake.com/">GRITtv.org. </a></p></p>
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The Subprime Swindle: Economic War on Black Americahttp://bravenewfilms.org/blog/45204-the-subprime-swindle-economic-war-on-black-america2008-12-04T22:56:56ZTheNation
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<p><p><a href="http://www.thenation.com/"><em>Nation </em>magazine</a> contributing writer Kai Wright discusses his July 14 article about the mortgage crisis and its affect on the Black middle class. For his story, Wright traveled to Atlanta, Georgia where he met George Mitchell and many others like him who had fallen victim to lending scams and looming foreclosures, a problem that has plagued millions around the country. </p><p>Mitchell, age 77, was approached by IndyMac lenders, among others, and was convinced to take out loans he didn't need or understand. He doesn't even remember signing the papers and now faces losing the home he and his wife bought forty years ago. </p><p>Wright explains that home equity is one of the main sources of wealth for many middle-class African-Americans who used home ownership as a means of attaining the American dream. Today, that wealth is being stolen from them through predative loans and a national rhetoric of "borrower responsibility." </p><p>Watch Wright explain the depth of the problem and what it means for the future of the black middle class.</p></p>
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