Friday, April 23, 2010

Patt Morrison for Monday, 4/26/10


Monday, April 26, 2010

1-3 p.m.





1:06 – 1:39




1:41 – 1:58:30

Betting on & in Hollywood?

Two companies recently got regulatory approval to go ahead with plans for futures trading on Hollywood movie releases, but not everyone is happy about.  Most of the big Hollywood studios in fact are a little less than thrilled about brokers betting on the success or failure of their films. The “industry” has been lobbying Congress to intervene, and intervene they have.  The Senate just approved a bill that bans betting on Hollywood films and lawmakers heard testimony this week about whether box office receipts are actual commodities to be bought and sold. Many in the entertainment business are worried about manipulation, insider trading and whether all the betting will affect audiences and thus the profitability of their investments.  There is a lot of opposition in Hollywood and in Congress, so will betting on Hollywood have a happy ending or go down in flames?


Representative Henry A. Waxman, D-California’s 30th District; Chairman of the Energy & Commerce Committee


·        On April 1, 2010, Rep. Waxman wrote to the Hon. Gary Gensler, Chairman of the Commodity Futures Trading Commission, expressing concern about proposals submitted to the CFTC by Media Derivatives, Inc. and Cantor Futures Exchange, L.P. to create a designated contract market for film futures.

·        Senators Barbara Boxer and Diane Feinstein sent a similar letter.

Robert Swagger (sway-ger), chairman and CEO of the Trend Exchange (Media Derivatives, Inc)



  • They (Media Derivatives Inc.), along with Canton Fitzgerald, received regulatory approval from the CTFC to go ahead with plans to allow futures trading on Hollywood films.
  • There is no retail component with The Trend Exchange.  Individuals would have to bet at least $5,000 and work with a professional to trade on the success or failure of films. 




2:06 – 2:30

Pakistan:  the political and the cultural, with Ambassador to the United States, Husain Haqqani

Pakistan is a major hot spot for security experts and political watchers. With the hope that of stabilizing the country and enlisting greater cooperation in the fight against Taliban insurgents and terrorists, the Obama administration has increased military and economic aid.  But what lies behind the headlines in this vast, complex and multicultural nation? Pakistan's ambassador to the United States, Husain Haqqani, talks with Patt about the security situation in his country and its effect on Pakistan’s economy, the nation’s infrastructure challenges, and what the prospects are for better relations with India.



Husain Haqqani (hoo-SANE hak-KAH-nee), Ambassador to the United States, Pakistan




2:30 – 2:58:30

Reza Aslan on “Beyond Fundamentalism: confronting religious extremism in the age of globalization”

In his new book, Daily Beast editor Reza Aslan asserts that by infusing the War on Terror with its own religiosity, the Unites States has fallen prey to the same failed logic of its enemies, ultimately engendering a religious war in which God is believed to be directly engaged on behalf of one side against the other.  And a religious war, as Aslan has long contended, cannot be won.  Aslan joins Patt for an in-depth look at the ideology fueling al-Qa’ida, the Taliban and like-minded militants in the region, compared with the religious violence in Judaism, Christianity and Islam.  His goal is to strip religion from his lens and look at the bare, earthly grievances that lie at the war’s root.



Reza Aslan, editor at the Daily Beast and internationally acclaimed writer and scholar of religions; his latest book is “Beyond Fundamentalism: confronting religious extremism in the age of globalization”




Jonathan Serviss

Producer, Patt Morrison Program

Southern California Public Radio

NPR Affiliate for Los Angeles

89.3 KPCC-FM | 89.1 KUOR-FM | 90.3 KPCV-FM

626.583.5171, office

415.497.2131, mobile /


No comments: