David Smick

global financial market strategist

Guest

Global-policy advisor to many hedge funds; founder and editor of the International Economy magazine and author of The World is Curved: Hidden Dangers to the Global Economy

David Smick on KCRW

President Obama will likely propose another huge investment of public money in private banks and brokerages houses.  The mismanagement that caused them to collapse has made them very…

Getting the Biggest Bang from the Next Bailout

President Obama will likely propose another huge investment of public money in private banks and brokerages houses.  The mismanagement that caused them to collapse has made them very…

from Which Way, L.A.?

Big chunks of America's biggest banks are now owned by the taxpayers and, with billions more bailout money to come, they're going to own more.

Getting the Biggest Bang from the Next Bailout

Big chunks of America's biggest banks are now owned by the taxpayers and, with billions more bailout money to come, they're going to own more.

from To the Point

President-elect Obama said today that America's economic crisis is " no accident of history ."  He decried "an era of irresponsibility" from Wall Street to Washington.   But he said…

A Political Salesman Lays It on the Line

President-elect Obama said today that America's economic crisis is " no accident of history ."  He decried "an era of irresponsibility" from Wall Street to Washington.   But he said…

from Which Way, L.A.?

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P eople like Becky Dennison are working to address to one  of America’s most urgent crises with a straightforward approach.

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“We can’t recycle our way out of this crisis.” That’s according to California’s Democratic State Senator Ben Allen-- just one of many politicians around the country proposing to ban all straws, bags and other single-use plastics. At the overwhelmed Recycling Center in Burbank, California, Kreigh Hample says, “Our packaging has gone up exponentially in just the last few decades… it’s a sad story in the way we eat, the way we dispose of things and the way that we’re living.” A throwaway culture may be convenient, but the costs include cleaning it up with taxpayer money--not to mention worldwide pollution. China now requires recycled products so pure that the bottom’s gone out of the market, but the plastics industry is bigger than ever. Former EPA official Judith Judith Enck says half the world’s plastics have been produced in the past 13 years. One new process has developed from coal fracking, and development is being encouraged by President Trump with support from the fossil fuel industry. But just 9% of the plastic produced is getting recycled. Some goes to landfills, but the rest turns into worldwide pollution. Images of plastic waste floating by the acre in the Pacific Ocean are all too familiar; microplastics are turning up from the depths of the seas to the remotest parts of the Arctic. In Texas and other states, it’s illegal to ban plastic products. But, in Sacramento, Allen says it’s time to hold the plastics industry accountable. California is big enough to influence the nation’s economy, so his efforts are being scrutinized by politicians and advocates around the country.

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Playboy Magazine built a culture of objectifying women that doesn't fly in the #MeToo era.

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