CAN AMERICA RECOVER?...THE TRUTH ABOUT THE STIMULUS PLAN

Washington D.C. The Full Disclosure Network® is releasing a Special Three-part Series featuring H. Andrew Thornburg, Thornburg & Company a corporate turn-around Executive who reveals the truth on the nation’s stimulus plan and whether America can recover. Here is a seven minute video preview of this interview with Thornburg who has an extensive background in Corporate and International finance, Industrial development projects and is a guest lecturer on entrepreneurship at the University of Southern California Marshall School of Business.

Among the issues discussed are:

• Job creation
• Energy crisis
• Cap & Trade
• General Motors Bankruptcy
• Mortgage Crisis
• Union Labor Leadership
• Impact of Health Care Reform
• Leveraged Buy-outs
• Stripping Interest From Principle
• Fannie Mae & Freddie Mac
  Other related videos on the fiscal crisis:
  B. Scott Minerd Guggenheim Partners Discusses American Fiscal Crisis
  California Bankruptcy
  The Ticking Time Bomb: Public Pensions & Bonds

Scott Minerd On: California Bankruptcy, Insolvency & Where To From Here? ........... Video (11 min)

Los Angeles, CA. According to public finance expert B. Scott Minerd, California is not yet insolvent but it could be soon. In an eleven minute Full Disclosure Network® video news blog he addresses the issues of how California got to the brink of financial disaster and offers suggestions as to how the once golden state could return to a prosperous and stable economy.

Scott Minerd is Chief Investment Officer of Guggenheim Partners, a diversified financial services firm with more than $100 billion in assets under supervision. Previously he was a managing director for Morgan Stanley and later Credit Suisse, where he oversaw fixed income credit trading in the United States, Europe and Asia.

In the video Scott Minerd describes the most serious threat to California solvency, at both the state and municipal level, is the massive unfunded pensions and post retirement health care benefits promised to public employees in union contracts.

Pointing out that California public officials have missed opportunities to reserve past surpluses, Scott Minerd describes public debt instruments known as "Certificates of Participation" (non-voter approved COP Bonds) and Revenue Anticipation Notes (RAN) as tactics that can result in squandering of public assets to cover massive deficits while the economy is stagnate. He urges public entitites to protect surpluses when they ocurr, for use in an economic turn down.

The entire one-hour interview with Scott Minerd is to be featured on the Full Disclosure Network® website as well as on community television channels throughout California and in cities in Minnesota, Wisconsin, New York, Massachusetts, Pennsylvania,Texas and Washington D.C.

Video News Blog Special On Sunday L.A. 36 Cable Channel & More

Los Angeles, CA. Full Disclosure Network® is re-releasing a Video Blog Special two-part series to be featured tonight Sunday and Monday as follows:

L. A Cable Channel 36:
Nov. 25th Sunday, at 8 p.m. Part 1 8:30 p.m. Part 2
Nov. 26th Monday, at 4 p.m. Part 1 4:30 p.m. Part 2
For a list of other air times & cable channels (click here)

These two-half hour programs feature six short video news blogs on Hot Issues that have been featured only on the Internet. Following each program cable TV viewers are invited to participate in an interactive survey on each Hot Issue via 1-800-867-7777 toll free number or on the Internet website where bloggers are posting comments and sparking further debate.

OR CLICK ON THE TITLES BELOW TO WATCH VIDEO BLOGS ON LINE:

SCHOOL BONDS & PUBLIC FINANCE (Part 1)

• Video Blog #8. (5 min) Mysterious School Financing Disclosed. (10:45 min) L.A. Unified School Board member David Tokofsky describes the LAUSD multi $billion dollar public financing plan. Features 3 minute audio of un-televised Board vote to issue $50 million in non-voter approved Certificates of Participation (COP) Bonds.


• Video Blog #9. (6:40 min) Budget Buster Bond Defended. Los Angeles Unified School District to net $27 billion in bonds and state matching funds in 7 year period with voter approval of 2005 $3.95 bond measure. California taxpayers contributing half these funds, while L. A. property owners pay again with property taxes. Tokovsky describes how the money is used.


• Video Blog #12 (8:24 min) Bond Brokers Bilk Taxpayers for Secret Billions? State Controller Kathleen Connell, Jon Coupal of Howard Jarvis Taxpayers, LAUSD Board Member David Tokofsky and former D.A. Prosecutor Anthony Patchett spill the beans on the how the district is able to access $billions of dollars in bonds.

ILLEGALS, SHERIFFS, CAMPAIGN POLITICS (Part 2)

• Video Blog #10. LAPD, Sheriffs vs FEDS on Illegal Aliens (8 min) The pros and cons of having law enforcement officers arrest criminal illegal immigrants. Featuring former LAPD Chief Daryl Gates, LAPD Commission Presidents Edith Perez and Rick Caruso, and Orange County Sheriff Mike Carona.


• Video Blog #11. Sheriffs Debate Guns & Badges for Political Donors(7:48 Min) L.A. Sheriff Lee Baca and Orange County Sheriff Mike Carona describe their policies of giving guns and badges to political campaign contributors. One accepts political contributions from Department staff and Deputies the other rejects them.


• Video Blog #13 Exclusive Jail Riot Video, Policy Debate on Illegal Criminal Inmates (5:45 min) Graphic jail riot video, shows the racial unrest among criminal illegal immigrants and massive overcrowding in So. California jails. Also features L. A. County Sheriff Lee Baca, the late Sheriff Sherman Block and Orange County Sheriff Mike Carona venting their frustration over the revolving door policy which permits 70% of deported criminals to return time and again.

Known as "the news behind the news" Full Disclosure Network® cable television programs are featured on 45 cable systems and the Internet since 1992. Produced by Emmy Award winning host Leslie Dutton & Producer T. J. Johnston, in 2002 the Full Disclosure® special series "L. A.''s War Against Terrorism" was recognized by the Academy of Television Arts & Sciences with a local Emmy Award for a public affairs, informational series. Channels and air times and a complete program listing can be found on the website at http://www.fulldisclosure.net/

Public Finance Experts Reveal Taxpayers Billed 100% Interest On Public Bonds

Los Angeles, CA -- According to public finance experts appearing in a new Full Disclosure Network® Video News Blog, the rate of interest on public bonds is 100% and there is alarming trend to issue more and more bonds, with the consent of the voters.

In this eleven minute Internet Video News Blog, (click here) hosted by Leslie Dutton, prominent public finance experts predict that California's $200-to $300 billion dollars in un-funded pension and healthcare benefits for public employees could be paid for with voter approved bonds and that the total cost, with interest would double the amount that voters are actually asked to approve on the ballot.

This development , the experts say, will have a major impact on the State and future generations. The revelations and predictions are now available for viewing on the Internet free, 24/7, on demand,as a public service of the Full Disclosure Network® and soon to be released to 45 Cable Television channels. Click here to watch

Appearing in the Video News Blog are:

• Keith Richman, M.D., President California Foundation for Fiscal Responsibility
• B. Scott Minerd, CEO Guggenheim Partners, Asset Management
• Dr. Adrian Moore, Vice President for Research, Reason Foundation
• Carl DeMaio, President Performance Institute
• Jack Ehnes, CEO CAL-STRS (Teachers Retirement System)

Here are a few of the points made in the video presentation:

• "Government is issuing more and more bonds to pay for important infrastructure projects such as dams, bridges, roads, etc. which should be paid for with current taxes. Instead the money is being spent for other things and our government is asking voters to approve debt, so they can keep on spending."


• "Each California household will pay $1200 to $1600 per year to cover the cost of pension and healthcare benefits for public employee retirees."


• "The un-funded liability for pensions and healthcare benefits for retired public employees in California is three times the current total outstanding debt, all the bonds."

Since 1992 the Full Disclosure Network® (FDN) programs have been billed as "the news behind the news" and produced by Emmy Award winning Host Leslie Dutton and T. J. Johnston. The FDN programs are featured on 45 cable systems and the Internet website at http://www.fulldisclosure.net/. In 2002 the Academy of Television Arts & Sciences presented a local public affairs Emmy Award to Leslie Dutton for the series L.A.'s WAR AGAINST TERRORISM. Channels and airtimes can be found on the website.