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Moyers gets perspective from veteran journalist William Greider on the current financial crisis and what he calls "the great deflation of Wall Street."

BILL MOYERS JOURNAL travels to ground zero of the mortgage meltdown—Cleveland, Ohio. Correspondent Rick Karr takes viewers to Slavic Village, one of the hardest hit neighborhoods in the nation when it comes to the spate of foreclosures caused by the subprime mortgage crisis. There, more than 1,000 homes stand vacant and decaying in a neighborhood that once thrived with families living the American dream of home ownership. Moyers gets perspective from veteran journalist William Greider on the current financial crisis and what he calls "the great deflation of Wall Street."

Show Number 2

This past week, while there were rumors of troubles with mortgage giants Fannie Mae and Freddie Mac, the Treasury Department and the Federal Reserve issued an extened line of credit to the two foundations of the U.S. mortgage system. The federal government also issued announcements about proposed lending restrictions and rules to help curb future subprime lending practices.Some experts also point to indicators that the U.S. government is not likely to make any more major bailouts of Wall Street financial companies. I'd still like to see what is being done to bailout the thousands of U.S. borrowers who are facing the loss of their homes due to their own poor decisions.Either way, this a good topic for this week's roundup! Thanks to GoToMeeting.com for sponsoring the show. Visit GoToMeeting.com/podcast for a free 45 day trial.

Despite rising numbers on Wall Street, investors remain skeptical.

Bernanke concedes there are "ongoing strains in financial markets."

SIDA, une histoire de l'AZT (documentaire, detourshenry.eu) from Vincent & Dominique on Vimeo. http://detourshenry.eu Un film de Vincent Detours & Dominique Henry 2002, 55 min, 16/9, couleur, BétaCam digitale. Anglais. Versions sous-titrées en anglais ou français disponibles. L'histoire de l'AZT - premier médicament antiviral mis à disposition des malades du SIDA - est une saga scientifique, juridique et humaine autour de laquelle se cristallisent l’espoir des malades et d'immenses intérêts financiers. Cette histoire plonge au cœur d'une catastrophe de notre temps: 40 millions de séropositifs n'ont pas accès aux traitements qui pourraient leur sauver la vie. Le film confronte les témoignages des principaux chercheurs, industriels et séropositifs/activistes qui ont fait l'histoire de l'AZT. Cette présentation rigoureuse et nuancée des faits historiques est apposée à des images d'archives tournées par des militants de la lutte contre le SIDA. Ces documents bruts et rares sont chargés de la rage de vivre d'une génération révoltée contre l'idée que le SIDA doit être une condamnation à mort. Cast: Vincent & Dominique

Suzanne Stevens and Greg Johnson discuss the most important dates in dealmaking for the week of July 14 - July 18, 2008. Here is a summary of this weeks events: July 14 - TriZetto Group shareholder vote on Apax Partners dealJuly 17- Merrill Lynch & Co and JP Morgan Chase & Co. announce earnings. Merrill is rumored to be shopping BlackRock and a stake in Bloomberg L.P. Also, with the tight economy investment banks are downsizing. Are there more pink slips on the way? July 18- Bids are due for the Chicago Cubs. Mark Cuban, owner of the National Basketball Assocaition's Dallas Mavericks, may be a bidder. Have comments or suggestions? Leave them below or e-mail us at reporters@thedeal.com. For more check out www.thedeal.com/blogs

Filed under: Drama, Independent, New Releases, DIY/Filmmaking, Interviews The world changed on September 11, but Austin Chick's second film, August, focuses on the moments right beforehand. Starring Josh Hartnett as a young start-up entrepreneur deluded by power trips, the movie moves along with a subtle pace, letting the natural drama emerge from a situation about to veer out of the control with the crash of the stock market. Chick's first feature, XX/XY, explored a three-way relationship; August, which opens in New York on Friday, explores the relationship between money and power during a key time in American history. Supporting performances from Rip Torn and David Bowie elevate the movie, while Howard A. Rodman's script keeps its conceits in check. Chick spoke with Cinematical about envisioning August's themes and working with his talented cast. Cinematical: The film uses a very specific setting -- August 2001 -- immediately before 9/11. What interested you about that time? Austin Chick: It captures a moment on the eve of change. If Howard (Rodman) and I were to move it to any other time, we would probably move it further back. The market really started crashing about eighteen months prior to when the movie is set. But I feel like there was still a certain amount of momentum in New York up until 9/11, this sense that things were going to turn around. The market had completely crashed, but there was still this crazy sense of decadence. All that really changed with 9/11. Continue reading Interview: 'August' Director Austin Chick Permalink | Email this | Comments

July 8, 2008, 10:15 AM ET - Mortgage lender slashes jobs.

Businesses begin reporting second-quarter earnings this week.