The European economy is tanking – and trickle-down austerity is to blame. New unemployment numbers show the 17-nation Eurozone now has its highest unemployment rate ever, at 10.9%. And, the two nations with the highest unemployment rates – Spain and Greece – just so happen to be the ones most hooked on austerity.

In Spain, budget cuts and massive government layoffs have driven up the unemployment rate to the Eurozone

Workers of the world are uniting in a global day of action to commemorate International Workers Day. In hundreds of cities across America and around the world in London, Barcelona, Toronto, Kuala Lampur, and Sydney – there are calls for a general strike with no working, no shopping and no banking. The Occupy Movement here in the United States is branding it as a day without the 99%.

In response – Wall Street banks are

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Hour One: Why Senators should implement the Volcker Rule now - Senator Jeff Merkley (D-OR)

• Democratic strategist Karl Frisch in for Thom.
• Chris Geidner, Metro Weekly. Transgender Breakthrough EEOC ruling, and Mitt Romney and his new gay spokesman.
• Elizabeth Kucinich, Physicians Committee for Responsible Medicine. Free Lab Chimpanzees, Free Taxpayer Dollars.
• Ari Melber, The Nation Magazine / Politico.