woensdag 17 september 2008

Danny Schechter 4


Danny Schechter’s ‘Plunder’ now available in paperback
posted by MaryAnn Johanson (editor) on 09 Sep 2008 at 05:47 pm category: New Releases

Cosimo is proud to announce the paperback publication of Plunder: Investigating Our Economic Calamity and the Subprime Scandal by Danny Schechter.
Read the book’s introduction here. (Alert: PDF.)
With the takeover by the U.S. government of mortgage companies Fannie Mae and Freddie Mac over this past weekend (which Schechter discussed on his blog, News Dissector, yesterday), the seriousness of the financial and credit crisis is confirmed… as is the timeliness of Plunder.
How did the American economy go from boom to gloom in less than a year with markets melting down, banks writing off billions with regulators standing by or slashing interest rates and spurring unchecked inflation?
“This didn’t just happen in the course of a usual business cycle,” insists investigative journalist and media analyst Schechter. In Plunder he offers an in-depth investigation into the decline of the economy that’s causing millions to lose jobs and face foreclosures and across-the-board price hikes.
“You wouldn’t know it by relying on our media, but the subprime scandal masks massing looting by Wall Street firms using carefully calculated predatory lending schemes enabled by regulators who don’t regulate and a media that looked the other way. We have lost trillions and dislocated millions with no relief in sight. Every American is paying for the greed of our financiers in the grocery store, gas pump and unemployment line. Bank robberies are not new — but banks doing the robbing is.”
Schechter is uniquely qualified to tell this story. Schechter, a.k.a “The News Dissector” spent decades as a truth teller in the media with leading media companies, and as an independent filmmaker with award-winning independent company Globalvision. A graduate of Cornell and the London School of Economics, Schechter was a Nieman Fellow in Journalism at Harvard,, and a multiple Emmy Award winner at ABC News , where he was among the first to cover the S&L crisis. He has written on the economic crisis for Nieman Reports, Editor & Publisher, The Nation, The Huffington Post, and other websites including Mediachannel.org, the media issues network he edits.
Plunder is available at Amazon.com and from other online booksellers.'


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