24 October 2016 – We don’t have and interview today due to a last minute cancellation but Will and I had a LOT to say so everything worked out as it was meant to be. At the top of the show Will uses the example of the Vauxhall automotive plant, in Liverpool, to illustrate why Brexit is creating such a tenuous employment environment all across the UK. It is incredible that people thought they could place a protest vote for something every expert was telling them would damage their economy and yet they are still stunned that companies are talking about moving their operations out of the UK.
My first topic today is bees. The decline of pollinators is continuing and the first bees have recently been added to the Threatened and Endangered Species list . They will soon to be joined there by more of their sister species. Still, through on-going research we are steadily learning how, precisely, it is that we are killing the bees and finding that many of those factors are reversible if we start now…. Two good places to begin are the Xerces Society and the Great Sunflower Project. Every little flower helps. As promised, I have included a photo of the newly threatened buff-tailed bumble bee above for your enjoyment.
Will then comes back to talk about Donald Trump’s ongoing praise of dictators. From Vladimir Putin to Saddam Hussein to Mummer Gaddafi to Bashar al-Assad to Kim Jong-un to Rodrigo Duterte – Trump respects and admires each and every one. In fact, Trump wants to BE them. Fortunately, unless he plays that sort of character on Trump TV, we aren’t actually going to give him the chance.
My big block of the day, on Audit the Fed, begins on the broadcast version of the show but is only available in full on the podcast version. If you thought Audit the Fed was about auditing the Federal Reserve then you probably got suckered in by Right to Life and Right to Work too. Audit the Fed is about Congress taking control of monetary policy…because they handled Zika so well.
Will then closes out Extra Mad talking about why Mars is where all the science is. How we move our species forward, how we survive, will in no small part be determined by how serious we get about space.
And in closing, the loss of pollinators is already having a negative effect of carrot crops. CARROTS, people! This is serious. Carrots! – Arliss
26 September 2016 – We are finally back up to full power this week and have a truly terrific interview with Alex Lawson of Social Security Works! Because our listeners already have heard me talk about the mechanics of how Social Security works, Alex was free to wade out into the weeds where the world gets really interesting. He went into a great deal of detail about the dirty underbelly that the lying liars are trying so hard to keep us from seeing when they promote the privatization of Social Security. He also recommended that we take a side trip to the link for Social Security Spotlight where the (excellent) website lays out the economic impact of Social Security state by state.
At the top of the show Will talked about the importance and joy of celebrating Bi Visibility Day. I was especially caught by his pointing out why it is that the largest group within the LGBTQ community is also the most ignored. For my opening section I was less cheerful in giving an update on the latest news from the protectors gathered on the Standing Rock Sioux reservation along the Cannonball River. Like Keystone XL before it, the Dakota Access Pipeline is an enormous environmental threat and its construction has already caused the bulldozing of burial grounds, sacred sites and the locations of historic villages. Pressure from around the world has caused the Obama administration to reconsider but the project is by no means stopped. We must join in demanding an end to this and all similar pipeline projects.
Will then really spent time time getting into the role that journalism is playing in the protests in Charlotte. That journalists have stopped operating as journalists and now are only feeding the clicks necessary to support advertising has destroyed one of the cornerstones of our democracy. When the people lose their voice, they lose hope and then where do they turn?
I spend just a few minutes talking about how banks create money and why new money is pulled out of central banks by private sector banks instead of being pushed out as is the common view.
One last note, if you haven’t checked us, ImHoppingMad, out on Instagram yet, the six Team Arliss bunnies are now there providing their own brief comments on politics, economics and, of course, carrots. Carrots! – Arliss
29 August 2016 – Will is out of town on business this week and I have finally managed to struggle back up onto my paws after six days in the hospital and way too many more in recovery at home. Under normal conditions Will and I would have tried to prepare a show in advance but it was impossible to predict that I would be hospitalized and he would have a concussion at the same time almost immediately followed by an emergency business trip. Obviously, fate is snickering at us.
Hopping Mad is a show which requires considerable preparation and, because Will and I both have “day” jobs, we fit all that in around already full days. His travel this week and my short days (work, nap, work, nap, work, nap….) made thorough preparation impossible. I have to say that when I am too exhausted to read about financial news or economics, I am one seriously pissed off rabbit. After all, who doesn’t love reading about economics at 3AM!
Will and I solemnly promise a terrific new show next week. So much has happened and we have a LOT to say about it. Seriously, last week Donald Trump had former UKIP leader Nigel Farage at one of his rally extravaganzas!!! There was Farage, “Hello Mississippi….” I think we can all safely anticipate a rant from Will on that subject.
This week we are going back to our 7th show, from last November, when Will first started talking to us about South Sudan and the Spratly Islands and I was on the so-called “budget deal” and the difference between fiscal and monetary spending. The interview was with a California educator who was intimately involved in developing Common Core standards and she is absolutely fascinating on the subject. We hope you enjoy this and we will be back with you next week. Carrots to you and yours! – Arliss
11 July 2016 – We could not begin without acknowledging that yet again our nation has suffered terrible losses: Alton Sterling, Philander Castile, Michael Krol, Michael Smith, Lorne Ahrens, Brent Thompson and Patrick Zamarripa. Will sums up our feelings by reading parts of Hillary Clinton’s speech in Philadelphia which, we feel, speaks for us.
It’s hard to believe there was anything else important in a week like this past one but there was and I get to two of the big pieces of financial news. The US Federal Reserve released the stress test results of both the quantitative (DFAST) and qualitative (CCAR) testing of the thirty-three largest US banks. Stress testing is one of the big gains which emerged from the Dodd-Frank Act. In order to pass banks must prove that they can withstand specific “severely adverse scenarios.” The scenarios are both different and more difficult each year. This year all the banks tested passed DFAST and all except the US subsidiaries of Deutsche Bank and Santander passed the CCAR. I know you don’t think this really applies to you but that brings me to my second segment for the show….
The UK really is in a crisis, both political and economic. In the midst of all the chaos the one steady, calm voice of national leadership has come from Mark Carney, Governor of the Bank of England(BoE). In a critical speech on 30 June (PDF here), Carney delineated what the BoE has done, is doing and will do as the economic disaster of Brexit trundles forward. Alone among major UK governmental departments or associated institutions the BoE had a Brexit contingency plan and they have put it into action. Carney steadied markets and calmed the City with his cogent, realistic assessment and announcement of actions which the BoE is taking. Carney also reminded everyone that the most recent round of UK bank stress testing did include a Brexit scenario and that UK banks have been found to be capable of withstanding losses more than twice those they sustained during the global financial crisis. In addition, Carney noted that the BoE will be making sure that banks are making loans both to business and to individuals and he let banks know that the BoE will not be taking its eye off the regulatory ball either, ring-fencing will progress. In this period of complete UK political breakdown, Carney looks like the only adult in the room and proves it by managing to walk and chew gum at the same time–times ten. Oh – and central banks can make all the difference in a crisis.
Will got into the one other big piece of news from this past week, the matter of Hillary Clinton’s e-mails. He made a point of fact-checking and adding to the information that is out there and he clarifies the difference between Clinton and those who have willfully and knowingly divulged classified information. There is a reason no prosecutor in the country would bring the case, Hillary’s mistakes do not meet either the letter or intent of the law. We will all, regardless, spend another two years listening to the GOP yammering on about it but it’s good to get the facts straight at the top.
Next week we are hopping down the bunny trail and our show will consist of interviews we have done while at Netroots Nation in St. Louis. If you are there, please come on by and visit with us. We will be on radio row (on and off) in the vendor hall. We’re bringing treats! – Carrots! Arliss
2 November 2015 – This week we interviewed an expert on Common Core and, seriously people, she was incandescent. Even if you don’t have kids in school, you REALLY want to listen to this interview. Debra is a teacher-consultant of the National Writing Project and the California History Project, a school district Director of Libraries and Literacy leader, with a PhD in Language, Literacy and Culture from UCBerkeley. She has 25 years classroom teaching experience and provides professional development for teachers. So, clearly, she’s a rock star. What is especially revelatory about this interview is that Debra talks about Common Core from so many different perspectives. She has been on the front lines of Common Core since years before it made it into classrooms and she has the kind of insight that can only come from depth of experience.
Will is talking about bird and bat guano this week. What!?! You think I’m making that up? He is covering the Spratly “Islands” and the claim made to them by China. The diplomatic scuffling between China, Vietnam, the Philippines, Taiwan, Malaysia and Brunei Darussalam over this archipelago is transitioning from talking to shoving. China is, of course, the elephant in the room but the US is reinforcing the status of the international waters with a recent Freedom of Navigation transit through the area by the USS Lassen. Personally, I’m proud to know that the US feels compelled to defend the freedom of birds to deficate freely in freedom with extra free freedom.
I continued talking about the mechanism of fiscal spending versus the mechanism of monetary spending. During these many years of Congressional disfunction the Fed has been holding the economy together with monetary policy alone, which, I explain, is like pushing on a string. The economy will not truly recover until we have a functional Congress which is operating its fiscal spending responsibility with an eye toward economic growth. (And people in Hell want ice water too.) I also sprinkle in a little talk about social security just for seasoning.
Technically this week most things went well. Debra had an issue with her mic which worked out nicely for her dog who wanted to get in the act during the “Extra Mad!” portion of the interview. I finally gave up on having our RSS feed hosted by Feedburner. They really are just AWFUL. Our feed is still there until I get the time to rip it down but our new location is at Buzzsprout. I LOVE them. Their site is easy to use and, unlike Feedburner, actually makes sense. Also, they have real humans in technical support and helpful help pages. So, Stitcher and iTunes are getting switched over. You should be able to find us easily on both in the next day or so. As the week progresses and I get a bit of time I will switch all the players on our site to the Buzzsprout players because they are nicer as well. A tip of the carrot to Bluegal, from my favorite podcast, The Professional Left, for her Buzzsprout recommendation. Carrots! – Arliss