NOW takes a look at hedge funds, the secretive and often risky investment accounts that have brought incredible wealth and power to some, but with the potential to spell dire consequences for ordinary Americans. Billions of dollars are invested in hedge funds, which are not regulated, and there’s a chance some of your retirement money is in one. Hedge fund managers say they won’t tell anyone how they make their money – not even the government.
Grade levels: Adult
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NOW on PBS: 12/26/2008: Credit and Credibility – Public Performance
What role did the credit rating agencies play in the current economic crisis? Frank Raiter reveals how he was pressured to compromise standards in a push for profits, and what was really going on behind closed doors at the credit rating agencies. “During this period, profit was primary; analytics were secondary.” Who was watching the watchers? Surprising new revelations about the economic debacle.
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FRONTLINE: The Untouchables
Are the CEOs of mega-banks too big to jail? Though fraudulent practices at banks contributed to America’s financial meltdown, to date no Wall Street titan has been convicted of a crime connected to the crisis. FRONTLINE investigates why Wall Street’s leaders have escaped prosecution.
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FRONTLINE: Cliffhanger
This February, as the nation faces yet another round of fiscal crises, FRONTLINE investigates the inside history of how Washington has failed to solve the country’s problems of debt and deficit. Drawing on interviews with key players in Congress and the White House, FRONTLINE goes behind the scenes to show how a clash of politics and personalities has taken the nation’s economy to the edge of the “fiscal cliff,” and now to a second round of standoffs over the debt ceiling and sequestration. The film explores the deep ideological divide inside the Republican Party and the struggle between House Majority Leader Eric Cantor and House Speaker John Boehner as they take on President Obama and the Democrats.
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Independent Lens: P-Star Rising – Home Use
In the early ’80s, Jesse Diaz was a rising star in the hip-hop world. Now he’s a struggling single father living in a Harlem shelter with two children to support. But Jesse finally found a shot at redemption in his nine-year-old daughter Priscilla, a precocious, adorable, and immensely talented rapper. Along with older daughter Solsky, the family’s quiet cheerleader, Jesse and Priscilla look to parlay “P-Star’s” talent into victory for the whole family. P-STAR RISING follows this father-daughter duo through four years, capturing all the grit and glamour of the music industry: late nights in the studio, performances around the world, music label negotiations, home schooling, and ultimate financial salvation. But as Priscilla’s star really begins to rise, it taxes all the relationships in her life and tests Jesse as a father in ways he never expected.
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Independent Lens: P-Star Rising – Public Performance
In the early ’80s, Jesse Diaz was a rising star in the hip-hop world. Now he’s a struggling single father living in a Harlem shelter with two children to support. But Jesse finally found a shot at redemption in his nine-year-old daughter Priscilla, a precocious, adorable, and immensely talented rapper. Along with older daughter Solsky, the family’s quiet cheerleader, Jesse and Priscilla look to parlay “P-Star’s” talent into victory for the whole family. P-STAR RISING follows this father-daughter duo through four years, capturing all the grit and glamour of the music industry: late nights in the studio, performances around the world, music label negotiations, home schooling, and ultimate financial salvation. But as Priscilla’s star really begins to rise, it taxes all the relationships in her life and tests Jesse as a father in ways he never expected.
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Hip-Hop: Beyond Beats and Rhymes (Home Use)
Take a fearless look at manhood, sexism, and homophobia in today’s hip-hop culture. Conceived as a “loving critique” of disturbing trends in rap music, this acclaimed documentary pays tribute to hip-hop while challenging the rap music industry for glamorizing destructive stereotypes.