welcome to the lower show we'll get the real headlines with none of the mersey can be live in washington d.c. now tonight we're going to discuss the new jobs numbers that have come out and what they mean for the economy as well as the push for americans to transfer their money from big banks tomorrow and turn to local credit unions then we've got a very special interview for you tonight with the rapper immortal technique we're going to talk about occupy wall street obama and his new album they released to the public for free then thousands of people are expected to march in washington this weekend in protest over the keystone x.l. pipeline just as new details emerge over the state department's failures in reviewing the environmental consequences bill mckibben is going to join us for that discussion we're going to have all that and more if you tonight getting a dose of happy hour but first let's take

a look at what the mainstream media has decided to miss. all right so today jobs numbers came out for the month of october and although there was a little bit of good news the official unemployment rate went down and i percent the you six unemployment rate also went down to sixteen point two percent it's still not enough to keep up and once again it was all worse than economists had expected. for the first time in four months the unemployment rate has finally moved lower jobless rate down slightly the u.s. labor department says employers added eighty thousand jobs that's enough to bring the national jobless rate down to an even nine percent but the number of new jobs was less than analysts predicted the u.s. economy jobs last month but not nearly as many as analysts had hoped that slightly less than economists projected. you know i. i get things zack same thing every

month every month it's either really horrible results or just less horrible results but it's always worse than economists expected and the mainstream media usually just leaves it at that and then moves right on but at some point you have to start asking what exactly are economists expecting to happen when the housing market is still a mess that isn't being taken care of when congress is a focus more on cutting deficits and social programs and they aren't creating jobs how can anything possibly get better when the priorities in washington are all wrong what magic wand our economy is betting on here and so here we have to bring up a great point that i'll take from robert wright the former labor secretary under the clinton administration and a piece posted on his blog he very clearly maps out the fact that until we reverse the trend toward inequality in this country and the economy can't be revived how's the economy supposed to be revived when more and more americans are living below the poverty line when the middle class is shrinking when the wealth gap is growing and millions of homes are underwater americans have lost their magic a.t.m. that they used to call their homes and they're losing all of their abilities to

spend and so here we see the perfect fusion of the concerns of occupy wall street the movement to restore the rule of law to restore a sense of fairness and bring our political system out of the depths of corruption back to one the represents us all not just those at the top and so between these numbers that are reported month in and month out the weekly numbers even they come out we can't just sit and hope and pray that these numbers are going to fix themselves but if we just wait long enough everything is could go back to the way that it used to be i'm sorry but it doesn't work that way if we want our economy to be vibrant again we have to make our political system also vibrant we have to give everybody a fair chance to be a part of the economy and participate in it and we have to make politicians in washington know that americans won't just sit around while they play partisan games over much needed revenues and much needed social programs so i was right to put it in his blog our politicians refusal to address income inequality puts them on a collision course with the rest of america. but the mainstream media once again they refuse to see the big picture they refuse to connect the dots see what the

greater trends are showing as there's going to say wait and dote on today's figures as if they hold all the answers but the real answers that's what they choose to miss. so tomorrow is november fifth and it's no ordinary november fifth it's been dubbed bank transfer day idea that originally started with a facebook event page that's quickly gained tens of thousands of members pledging to join the event close their accounts and take their money out of the big for profit banks and into nonprofit credit unions now this might seem like a tall order to expect americans to ditch those national banks that they've used for years but with the occupy wall street movement gaining momentum the new stories of unfair fees coming out every day it just might be a success already the credit union national association is reporting that a whopping six hundred and fifty thousand americans have joint credit union since

september twenty ninth which just happen to be the day the bank of america originally announced their five dollars debit card fee which now they've got now if you want to add some perspective that just think about this there were only six hundred thousand new members for credit unions it all of two thousand and ten so if tomorrow really is a success than what are the big banks going to do joining me our studio in new york is lynn paramour's contributing editor at alter net lynn i want to thank you so much for joining me tonight and i was reading your twitter earlier and if this is correct then you've already transferred your money haven't you. i have and i have to say it felt really good and there were actually some surprises for me i think one of the concerns that i had which a lot of folks have is what am i going to do about eighty is that my going to not be able to find one when i need one but it turns out that a lot of small banks are part of national and even global networks that allow you to use a.t.m.'s free of charge and there's a handy tool online where i can go and punch in my zip code anywhere that i am or

i'm traveling and i can find an a.t.m. at walgreen's or c.v.s. stores or even mcdonald's so it's really not as much of a problem as the big banks would like for us to believe right lynn said tell me why it is that you decided to make that decision and why you're being a part of this bank transfer day movement i guess you could call it. well like a lot of folks i don't have the wherewithal with my job to camp out every night in zuccotti park and but i'm inspired by the occupy wall street movement and i really wanted to do something to show my discontent with the banking industry and you know it feels really good it feels really good not to be part of the problem anymore and to contribute to a bank in my case it was h.s.b.c. that's really endangered the entire global economy they're still in danger in the economy they aren't lending they're hoarding cash and you know in the case of h.s.b.c. there is a huge profit making institution and yet after a bank of america announced its price hike they announced price hikes too they

didn't do it on debit cards because that would have been too obvious but they did it on a.t.m. usage and other things and so that's quite unacceptable and you know i decided to vote with my dollars to tell me exactly why it is that credit unions are so much better and you can say that these are nonprofit organizations but don't they also charge you fees if you make a late payment if you have you know an overdraft fee or do they not even compare to the fees you'll find the bigger banks. that's a really good question the smaller banks and the credit unions actually their business models have not relied on charging these areas rates on things like credit cards so in most cases they actually do offer lower rates and less burdensome fees so you know in addition to feeling like you're investing in main street you might actually get a break on your credit card or your mortgage or maybe even your a.t.m. usage and you know the fact of the matter is those big banks wells fargo bank of america chase they are systemically dangerous institutions if they

fail they could take down the entire economy the smaller banks in the credit unions don't contribute to you know economic harm in that way they they fail all the time now you have to do your research there's a website you can go to called move your money. and there's a tool there that allows you to find a small bank or a credit union that has good finances you know small doesn't always mean better but there are tools out there to help you make a good decision but mark a safe if you know that smaller banks if you know the credit unions fail all the time or fail more frequently why wouldn't you keep your money in a big bank that's too big to fail because the government will constantly bail it out well it you need to find a small bank that's f.d.i.c insured credit union that's f.d.i.c insured and in that case it's i think up to two hundred thousand dollars are protected if you have more money than that than you need to do a little extra diligence but for most people you know their accounts are not going

to reach that mark and again there's there are tools that can help you find a good bank that has sound finances if you go to move your money the website which was started by arianna huffington there's a tool there that allows you to find a bank that has been tested for its financial soundness and you know the big banks again they are a danger to our economic system they have abused the trust of their customers they're charging fees outrageous fees that have nothing to do with the costs of the services they provide and it's time to send them a message yeah we've highlighted a number of those really outrageous and ridiculous fees if you ask me here on this program but so i understand that there is a message that people want to send here and i think that seems like you know if we look at those figures the fact that six hundred fifty thousand people just in the last month already took their money out of the big banks that looks like this movement is gaining some traction but if we were to think about it in terms of

actually doing damage actually you know somehow hurting the profits of the big banks how many people do you think that it would take to take part in this bank transfer day tomorrow to close their bank accounts and go somewhere else. that's a good question it would take an awful lot of people it also would take cities and states and big pension funds moving their money that's happening in some cases but you know frankly taking my money out of h.s.b.c. is not going to hurt them but it is a p.r. issue for these banks you know they don't like the bad publicity and so they can get her that way even if they don't get hurt strictly in the financial sense of losing those deposits so it still is a good thing to do even if it doesn't make an immediate impact impact on their finances or that such a bummer because there's nobody just want to stick it to the big banks right now i'm curious what you think of the fact the bank of america decided to cancel that five dollars debit fee that you know we had seen such an uproar about and people get so angry about do you think about means they're starting to get scared of the

anti-bank sentiment of the occupy wall street movement in this country. i think they're at least listening i mean they're getting a little bit nervous i think the occupy wall street movement did have an impact there i wouldn't trust not to raise fees in other places and you know and get the money elsewhere i don't necessarily think that they've had a change of heart and now want to contribute in some positive way to our society i think they're way beyond that you know the banking industry is has really become an oligopoly it's not a competitive business you know there's collusion between these banks when bank of america raised its fee it was doing something that's known as price leadership it was sending a signal to the other big banks that they could do the same so these big guys are working together and if they don't get you one way they'll get you another way jamie diamond of chase even said that he said you know if we can't charge for the soda we're going to charge for the burger the only difference is a bank is not burger king restaurants fail all the time when they don't provide

good services and they defraud their customers and you know banks don't operate in a competitive universe they're protected they own politicians and they're really running too much of the show both in america and globally right now now len really quickly before we go i just want to ask you one question about the jobs numbers that came out today eighty thousand jobs still not necessarily good news barely keeping up with population growth but the thing is productivity keeps increasing although wages hours remain stagnant so do you think we'll ever get back to the point that we were at or do we need some kind of a fundamental shift here. i think we need a fundamental shift in the way we're handling fiscal policy i mean over the summer i think this is one of the things that contributed to the occupy wall street movement what was congress focused on the deficit they had a deficit commission but no jobs commission when jobs are the real crisis that's facing the country and so until we get serious about large scale jobs programs and by that i mean government jobs programs we're not going to come out of this crisis

the private sector is not providing the jobs and the government has to step in and fill the breach and there are a lot of main street economists that are in the grips of this fantasy that cutting government is going to get us out of this crisis and it's not going to happen arlen i want to thank you so much for joining us tonight and i guess we'll find out tomorrow whether or not bank transfer day is success good to be here. now in return we've got a special interview tonight with rapper immortal technique religion on everything from occupy wall street to the arab spring backing from. wealthy british style. time to the tireless.

market why not come to. find out what's really happening to the global economy with max cause or run no holds barred look at the global financial headlines tune into cars a report on our. world. bringing you the latest in science and technology from around russia. we've got this huge area covered. close up team has been to the region where technological breakthroughs save human lives. now archie goes to the see the for. the unusual ways to protect nature.

where farming pioneers place local cuisine to the highest pitch. and where future developments depend on the way. russia's black sea coast commercial close up on our city. our guide tonight we have a very special interview for you since occupy wall street movement began we've seen a lot of celebrities musicians actors talking heads show their support for the movement go down as the park and other occupations across the country now some of those people seems like they might just be latching on to be a part of what's popular others have been calling for the injustice the inequality for the hypocrisy to end for a very long time there are some artists out there that have dedicated their music to tell real stories and push for political change and one of those artists is immortal technique. technique i just want to know what do you think is happening

right now in the country in terms of the occupy wall street movement it is something that there's going to be a lot of big changes going on in the revolution perhaps. it depends on what your definition of revolution is if it's blood in the streets and the royal family being murdered i don't know if that's necessarily going to happen but i think what is definite lead going to continue to transpire is more and more people realizing just how disenfranchised they are they're realizing just how little control they have over their own democracy so they would want to give more of a voice that i also think what's happening here is is mirrored in other parts of the world where people are just so opposed to the use of centralized power of a federal system that's so when you control of the state system. but yet they want it to be more efficient so they've almost surrendered their freedom to a war fish and government similar to what russia will have to deal with when they decide whether putin is going to come back into power with a lot of people that they call functionality over the desire of democracy that

existed so i think the entire world is really dealing with that now will it be oligarchies autocratic regime that's more functional because it's backed by corporations or more of a democratic regime that could be hit or miss on certain things may take a hit on jobs you know these are very personal things to people because the example by how we choose to live as human beings but also personal because the are the day to day functionality of life hifi safe functionality and simplicity we've also said that we constantly have to keep working at panera democracy right it's something that's never going to be finished revolution is never going to be fit well of course it isn't the largely it's all about functionality and simplicity but i mean essentially people all want the same things i mean big and like i said before that's not the same exact thing i mean people just want affordable health care you know they want to be. able to live in a house that's not. going to be repossessed illegally by some of.

the people who give out predatorial loans and it just the amount of things the amount of abuse that americans about to deal with from the banking system is just obscene and i'm just wondering what it is that allowed that and soon let it get to this point you know why do we let it get so high why did we get to the point where the power he has in the hands of so you know where the wealth gap and so on but i mean largely in this country funny story it exemplifies why it got this more my father had a colleague of his a friend of his that came to america before the collapse of the soviet union and he walked around the supermarket. and he goes i get it there he goes this is just wheat and sugar. said but in russia the u.s. i saw all we have is the same color box we got four hundred islands in america you have we can show the with the tiger on the cover and then the other one has

a frog on the cover and the other one has a charm on the bottom oh and i get this special gift. the idea of america is to give democracy and freedom to people but i think that now more than ever it's become about placating people and about pacifying them so they don't ask for the amount of freedom that they're guaranteed almost like when police stop you and they're offended that you seem to know your rights that happens more and more i mean even if you want to make this entirely about occupy wall street with ten or even the people that are down to each and every single occupy wall street that is sitting there holding the law that have the legal teams this still see this civil rights being cut in every single corner this still see excuses left and right oh we want to clean the pok so we're going out to move everyone out and then we're going to let you back in oh you know there were rioting and the protesters got violent or maybe because you shot them with rubber bullets and you threw two. you know at some

point there needs to be some accountability not just from the protesters but also from the police reaction to things like this you know and we've seen a lot of us police reactions lately specifically and of land in other countries across the u.s. as well do you think that i'm police aren't trained to to deal with peaceful protests they only know how to suppress how to use military ai militarized tactics i think they were that they thought that they could shove them off with a hard push but when they realized that it was going to be that easy. i've seen different cities take different action we were just that i occupy charlottesville and really the police seem to back off a little bit more than i'd see them in the york there were porta potties set up with people you know the different regions different cities are dealing with different problems so in a city like new york where you have a population of eight million. and a migrating population that comes to work of another couple of million. probably

explain why those thousand cops what they're concerned with with rioting but my it's so to that as always been listen if we were twenty thousand deep right then and there we could have torn downtown to pieces but we didn't when you were missing women in the street we could have ripped the village limb from limb but we didn't. because we don't hate america we love america and we want to see we want to see it become a better place because people out there sleeping out in the cold because of a belief that maybe if they lead by example they may say you know i'm willing to stay here in the streets i'm willing to continue to be a voice for what's supposed to be democracy which supposed to be a representative democracy and then maybe that letter that i wrote to my senator or that letter i wrote to my congressman that they're underpaid even gotten through off somewhere or over paid through all been done somewhere that never got to them maybe this is the only way that they can hear. it's easier for people to hear your

voice right i mean it's easier for you to hear your voice hear populaire artist you get out there you have so many campbell it's probably easier believe believe your voice because you're on t.v. every day but i'm wondering if you think that i wasn't human if it wants to go somewhere it's going to need leaders and it's going to need a specific base for people to identify we're going up an interesting point i think the very beginning of the movement there were no ever present leaders because people were afraid that the movement would simply be did capitated from the very head. or. used that individual. as leverage against other people that were just as powerful in the movement so what they wanted to do was at first have no centralized leadership that could be attacked and picked off and then later on they were as far as i know electing people who were going to be spokespersons for specific issues but now they have a general assembly and they have an assembly about race you know about all those

simple issues that can be put into writing in a few sentences but that requires a lot of communication because as educated as the left may be sometimes about class i think that there's still a huge compensation to have the about race relations which is incredibly important because it's always kind of the. independent variable that's left out of the equation sometimes when we talk about revolution in this what do you think obama is to this movement i walk if i was street is supposed to be nonpartisan right it's supposed to be the ninety nine percent versus the one percent but it is for the meantime mostly a left movement and you think that obama is actually inhibiting it in some way because now you have the left which is split on their opinion over obama whether they're going to go out and vote for him in two thousand and twelve or continue resisting trying to go along with something the republicans will probably pick romney. he's not going to beat obama. obama is. ten times the

campaigner that he is the president i don't mean that as an insult i mean that as a compliment to you mr president because you could just say anything and they'll buy it and they'll believe you know if we had invaded libya and if we had decided to intervene in all these other countries under a different president under under republican the under mccain this country was ready to go up in flames over the fact that we had been dragged into the wars that people thought were necessary that this economic system had collapsed the trillions of dollars have been given so when he came in he came in with the idea that he was going to reform things and when that was not met with the criteria that he set up himself for what the reform wouldn't tale was not completed i don't think that created the occupy wall street movement but it definitely added fuel to the fire what see you it's the biggest broken promise from albano moring you know what makes me the most disappointing and hannity i think it's not a question of disappointed on him. breaking up

a promise that you know emotionally scarred me somehow and i think when you would you follow politics for a while you realize the differences between what people promised and what they deliver and also i think there was a little bit of either manufactured or genuine naivety about the whole thing shutting down guantanamo i kind of knew from the beginning that that wasn't going to happen but at the same time everybody else had some kind of hope that he would come in and assure an air of peace and yet put his first term he's been a very very hawkish war president which is what i think is going to make it very difficult for the republicans to come up against them plus talk about the responses we've seen here from politicians and pundits when there's a revolution in tunisia or in egypt it's the people's fight for democracy right it's a push for democracy in the arab spring when the same thing is happening here there anti-capitalist and there anti freedom why. i think we all know the answer to that

question you know when someone has a revolution in some part of the world and it benefits american companies and they're given access to the natural resources the subsidiary companies that own the press that own the news stations that own papers spin it in a nice way when it's something in which we lose access to natural resources but it becomes the worst of the worst that it is absolute terrorism now what it is someone that is not beneficial to giving us access to natural resources but we can't really afford to toy with them like china then we tread lightly around our human rights criticisms and lastly so you just released an album for free you put it on line for me even to download a lot of bible records dot com it's called the market it's called the martyr and heard it i have heard it and i have downloaded and i really liked it i like the wife right now lane yeah like yeah i also like the title track but with the all there neither here nor at all this is the bit we made this definitely going to make it what i'm curious out two quick things aided occupy wall street inspire you and

soon give that away for free and do you think that political music now really is embodied in hip hop i mean we don't have folk singer is anymore right there in the ne not true but they're just not as popular as they are not not as many but they go . to the first question it didn't influence me to give it away for free i think more it was that we live in an era of dire economic times where as there are people out there asking individuals to pay for watered down one dimensional garbage club music that is that we're full retail price i'll go over here all for in people quality hardcore code should hip hop music for absolutely nothing for it the only thing i ask of them is they burn it was many people as possible that's it that in itself is something that i wanted to show people. in terms of why . it is to to do things that are just speaking about revolution but also to take

a revolutionary approach to things i want to take me thank you so much thank you very much. all right still to come tonight the speaker of the house stands up for reporters and tells a whopper we're going to call him out on in tonight's gold time award kind of battle over the closed keystone x.l. pipeline heats up again as thousands are expected to protest at the white house this sunday when we speak with activist and writer bill mckibben next. montero. historic old. friendly. dynamic. to do. my job.

and again this is all see if we trickle the headlines the greek prime minister survives a knife edge confidence motion in parliament by a margin of just votes and then fair dressed to peace to save his political career george papandreou the coalition government of national unity and the king of the dead deal brokered with the eurozone. g twenty leaders pledged to raise the all day on the run for bonds the global economy there's some this dominated by the greek and eurozone crisis wraps up and count and the suffer from. above from our dissimulation mission to the red planet and those six volunteers are the folks who weigh in still choose from more than five hundred days but the longer you don't just have a space experiment top emerged from isolation. headlines feedback not how washington studio is for the second part of the idea.