Transcript
A (0:20)
Welcome friends, to another edition of Economic Update, a weekly program devoted to the economic dimensions of our lives and and those of our children. I'm your host, Richard Wolff. As usual, I want to begin with announcements. A few bear with me, please. One has to do with an upcoming event on the 11th of October at the Women Building Up Building in Brooklyn, New York. We're going to have a guest later today, Kim Westcott, and who will be telling you about that. I think you'll be very interested and urge you to listen on the second half when she discusses it with us. I also want to remind you that we have a volunteer, Charlie Fabian, who takes your suggestions, comments, criticisms, responds, shares them with us, and so on. We are very grateful for your engagement in that way and want to remind you charlie.info438mail.com and finally, I want to thank you for your communications about the fake videos that work with likenesses of me, but they aren't me. It's one of the sad side effects of AI, etc.
B (1:50)
You're sending them in.
A (1:51)
We're getting Google to remove them. Please continue. Sorry that we're all burdened with that, but it is an unfortunate part of modern life. Before going into the regular topics, I.
B (2:05)
Also want to give a shout out.
A (2:07)
To two union struggles that I think are very important indeed. They're heroic. The first one has to do with Signal Ohio. It's a nonprofit collection of nonprofit news gathering services.
B (2:25)
It functions in Akron, Cleveland and Columbus, Ohio.
A (2:30)
And the reporters that work for them, like for other independent nonprofit groupings, which is a growing phenomenon in America, have recently unionized with the News Guild. And that's part of the Communication Workers of America AFL cio. And that's an important movement and it's an important thing that it's solid with the labor movement as well. And likewise, the Hilton Houston Hotel, actually owned by Houston, which owns that hotel and lets Hilton run it, just like it owns the convention center and lets another private corporation run most of it. Workers are on strike there, 400 of them. They get paid among the lowest wages in the country. It is a travesty. They're asking for $23 an hour, which they should have been paid anyway, but.
B (3:37)
They'Re having the strength to get out.
A (3:38)
There, organized by Unite Here, the important union of these kinds of workers. And I wanted to acknowledge the courage it takes to go out on strike when you know you're in the right. They've been extremely profitable at that hotel. There is no excuse except the normal capitalist commitment to maximize profits, no matter what the cost, both to their workers and to the larger society. Okay, let me turn then to the stories today. You'll notice they have a particular focus on Canada. And while I would not have to say anything about that, Canada is an important audience for us and an important country, becoming more important as it takes on its own independence imposed by what Mr. Trump has done, but nonetheless, I think powerfully stimulative to Canada's own development. But many of the problems, as you'll see that Canada struggles with, are problems elsewhere as well.
