This Week on Between The Lines

Posted July 10, 2013 for week ending July 19, 2013


"The headline number is $21 trillion of offshore private financial wealth – that's bonds, stocks, hedge funds. ... A relative handful of major international banks help the wealthiest people on the planet take their money out of their home countries, invest it abroad tax-free, and defend it against taxation."

– James S. Henry, on how much of financial wealth is concentrated in the hands of about 10 million people globally and sheltered in tax havens

This week's program features the re-broadcast of interviews originally aired during the previous year. Between The Lines will resume production featuring new material on July 17, 2013.

Listen to the entire program using these links, or to individual interviews via the links appearing prior to each segment description below.

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Report Finds Super Rich Around the World have Avoided Paying Taxes on More Than $21 Trillion of Hidden Wealth

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Interview with James S. Henry, lead researcher for Tax Justice Network report, "The Price of Offshore Revisited," conducted by Scott Harris. This interview was previously broadcast in the program posted on Aug. 1, 2012


During last year’s presidential election one of the central debates between Democrats and Republicans – between President Obama and GOP nominee Mitt Romney, was over how much should the nation’s wealthiest citizens have to pay in federal taxes. On that issue polls found most voters in favor of letting the Bush era tax cuts lapse for the wealthy, while retaining tax cuts for families earning $250,000 dollars and under annually. But a July 2012 report undertaken by the Tax Justice Network paints a disturbing picture of tax avoidance, finding that the super rich in the U.S. and around the world are hiding at least $21 trillion in offshore accounts, avoiding paying millions of dollars in taxes in their home countries.  Story continues

Innovative, Democratic and Sustainable Economic Models Emerge as Viable Alternatives to America’s Current Failing System

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Interview with Gar Alperovitz, the Lionel R. Bauman Professor of Political Economy at the University of Maryland, conducted by Scott Harris. This interview was previously broadcast in the program posted on May 8, 2013.


Economists and pundits tell us that the U.S. economy is slowly healing after the near collapse ushered in by the housing bubble bursting in 2007/2008. And while the unemployment rate was down a little in May to a four-year low of 7.5 percent, the "real" unemployment rate, which counts the underemployed and discouraged workers is 13.8 percent of the workforce. The “Great Recession,” exposed the unpleasant reality of many of the longstanding downward trends in the American economy, where the Middle Class is shrinking, income and wealth inequality is rising and families are struggling to buy or keep their homes, pay health care bills and afford college tuition.  Story continues

On Behalf of Their Children, Parents' Group Steps Up to Confront Generational Consequences of Climate Change

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Interview with Mark Hertsgaard, journalist and author, conducted by Melinda Tuhus. This interview was previously broadcast in the program posted on July 11, 2012.


The year 2012 is on track to be the hottest in recorded history, while high temperatures and drought conditions have been linked to destructive forest fires and other natural disasters that are exactly the kinds of occurrences that climate scientists have predicted will come with global warming.  Story continues

This week’s summary of under-reported news

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Compiled by Bob Nixon


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