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Growing Inequality and Poverty in the US: Economic Theories for Change

Growing Inequality and Poverty in the US: Economic Theories for Change
On today's episode of "Loud & Clear," Brian Becker and John Kiriakou are joined by Stephanie Kelton, a professor of public policy and economics at Stony Brook University who advised Bernie Sanders during his 2016 campaign, and was a former chief economist on the U.S. Senate Budget Committee, and Jim Kavanagh, editor of

Mainstream capitalist economic theory has increasingly been called into question since the global economic crisis of 2008 exposed the gaping holes in neoliberal orthodoxy. One new school of thought that's emerged in recent years is modern monetary theory. The hosts talk with experts on the theory. This is part one of two interviews.

Millions of Pakistanis went to the polls today to elect a new government. And as usually happens there during elections, dozens of people were killed in related violence, including three in a bombing attack on a polling station in Quetta. Opinion polls show that the two frontrunners are former international cricket star Imran Khan and disgraced former Prime Minister Nawaz Sharif. And international observers say they are seeing blatant attempts to manipulate the polls. Marvin Weinbaum, the Scholar-in-Residence and director of the Middle East Institute's Center for Pakistan and Afghanistan Studies, joins the show.

Beyond Nuclear with Kevin Kamps is Loud & Clear's regular Wednesday segment, which looks at nuclear issues, including weapons, energy, waste, and the future of nuclear technology in the United States. Today the hosts go back to basics on nuclear weapons. Brian and John speak with Kevin Kamps, the Radioactive Waste Watchdog at the organization Beyond Nuclear, and Sputnik news analyst and producer Nicole Roussell.

Markies McGlockton, a father of three, was shot and killed by Michael Drejka in front of a convenience store in Clearwater, Florida last week. Drejka was causing a disturbance-something he has been fined for in the past-and McGlockton had gotten out of his car to confront him when Drejka pulled a gun and began firing. Now the Sheriff of Pinellas County has said his hands are tied because of the state's stand your ground law, and that he won't make an arrest. This is part one of this story. Brad Schlesinger, an appellate attorney licensed to practice in the Supreme Court, and Michele Rayner, the attorney who is representing the family of Markies McGlockton, join Brian and John, joins the show.

Part two finishes the story about Markies McGlockton's murder and the stand your ground defense in Florida.

ISIS fighters carried out a major suicide bombing and initiated subsequent fighting in the southern Syrian town of Sweida this morning, killed at least 150 people. Sweida is controlled by the Assad government, which only recently dislodged ISIS fighters from it. Meanwhile, Israeli forces went on alert today-and air raid sirens sounded-for fear that the fighting could approach the Golan Heights, Syrian territory occupied by Israel since 1967. Sputnik News analyst and producer Walter Smolarek joins the show.

Maria Butina, the Russian graduate student being accused of failing to register as an agent of a foreign government appeared in court in Washington today to schedule a trial date and associated hearings. Brian and John speak with Alex Rubinstein, a Sputnik news analyst and journalist who is on twitter at @RealAlexRubi and attended today's hearing.

The European Union is preparing to impose $20 billion in new tariffs on American cars in response to President Trump's tariffs on European goods two weeks ago. The EU's trade chief said in advance of a meeting with Trump that the EU does not want a trade war, but would match US tariffs dollar for dollar. Meanwhile, Trump said the he was willing to provide midwestern farmers hit by the EU tariffs with $12 billion in cash assistance. Dr. Jack Rasmus, a professor of economics at Saint Mary's College of California and author of a recent article in the World Review of Political Economy titled "Trump's Déjà vu China Trade War," joins the show.

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