Press

Author to Discuss Economic Crisis and Fear of European Economic Collapse

New York, NY - March 17, 2009 - Paltalk, the leading real-time, video based-community with over 4 million active members will feature two time Emmy Award winning author Danny Schechter, on Paltalk's News Talk Online show, hosted by Gary Baumgarten. Mr. Schechter, author of Plunder: Investigating Our Economic Calamity and the Subprime Scandal, successfully predicted the current US economic meltdown long before anyone else and is predicting yet another meltdown. He will discuss the current US financial crisis and how it is particularly affecting the emerging economies of Eastern Europe. News Talk Online participants are invited to interact and ask questions live on Wednesday, March 18 at 5 p.m. EST.

With over 30 years experience in journalism, writing, civil rights and the media, Schechter is an expert on media and society. Focusing on the current economic crisis on the upcoming News Talk Online show, Schechter will discuss his observations on the declining European economy and possible collapse. He believes that, as many Americans watch the news and discuss unemployment, inflation and the quest for economic justice, Europeans are taking to the streets in protest. According to Schechter, the news has focused on the economic crisis here in the United States while ignoring the faltering markets of emerging economies and Europe.

"Schechter predicted the economic meltdown in the United States," said Gary Baumgarten, host of Paltalk's News Talk Online. "What he says about the potential of total economic collapse in Europe warrants our attention".

EVENT DETAILS:

Users can log onto News Talk Online and see Danny Schechter live on Wednesday, March 18 at 5 p.m. EST by visiting: http://www.paltalk.com/newstalk/webapp/index.wmt.

About Danny Schechter

Schechter began his career at Boston radio station WBCV. He was a producer for ABC's 20/20 television program and produced 50 segments for ABC. He won two national Emmy Awards and was nominated for two others and in all has reported from 49 countries. A prolific writer, his books include Media Wars: News At a Time of Terror and News Dissector: Passion, Pieces and Polemics.

About Gary Baumgarten

As News Talk Online's host, Mr. Baumgarten brings decades of experience as an award winning journalist for CNN radio. As Paltalk's leading news anchor, Gary focuses on critical, incisive issues of the day and invites people from all over the world to see and interact directly with guests using Paltalk's video and voice over IP technology.

About Paltalk

Paltalk, is the premier provider of software and technology for real-time, rich media, interactive social networking. The Paltalk platform powers the largest collection of video based communities and continues to grow since it was launched in 1998. Paltalk now boasts millions of active members with nearly 100,000 people simultaneously chatting in rooms engaged in lively dialogues, meeting new friends, trading stock tips, singing karaoke, and attending family reunions. The Paltalk community is vibrant due to the high quality of the room environments supported by a range of free moderation tools. 

In addition, Paltalk delivers original programming geared to the interests of the community. Paltalk Interactive events have hosted such entertainment celebrities as William Shatner and radio personalities Opie and Anthony, among others. Paltalk supports IM pals on AOL, Yahoo, and ICQ and is available as a free download.

For more information, please visit: http://www.paltalk.com.