Q&A: GRETCHEN MORGENSON – 2002 Pulitzer Prize winner

Written on July 3rd, 2011

 

 

Aired 06/26/11

GRETCHEN MORGENSON was awarded the Pulitzer Prize in 2002 for her "trenchant and incisive" coverage of Wall Street. She has been on that beat ever since and now has a book on the recent meltdown. Though we've had in depth conversations with Michael Lewis, Joseph Stiglitz, Simon Johnson, William Greider and others about the crisis, it's been a while since we covered it, and so this week we will have a chance to get an update on where things stand and look at some of the implications. 
RECKLESS ENDANGERMENT lays out how the financial meltdown resulted from the toxic interplay of Washington, Wall Street, and corrupt mortgage lenders. It reveals how the watchdogs who were supposed to protect us from financial harm were actually complicit in creating the financial crisis, and focuses on the abuse of Fannie May and Freddie Mac.

http://www.nytimes.com/

Q&A: MICHAEL LEWIS, MONEYBALL

Written on December 19th, 2010

 

 

Aired 10/16/11

Both Ira Glass and Malcolm Gladwell say today’s guest is their favorite storyteller. In his books and magazine articles, Lewis writes about sports, business, Wall Street, Silicon Valley, political campaigns, fatherhood. Stuff that matters to a lot of people. He’s smart and he has a sense of humor.

Lewis was a trader at Salomon Brothers before he wrote his first best-seller, LIAR’S POKER about the excesses of Wall Street during the 1980s. He continues to write about that world with his last two books, a column for Bloomberg, and articles in Vanity Fair.

His newest book BOOMERANG: Travels in the New Third World is made up of articles originally published in Vanity Fair and picks up where 2010’s THE BIG SHORT left off. What happens after the meltdown of 07-08? Governments are the focus of this book. Mostly because they have taken on the bad debts of the too big to fail banks, so now they are themselves at risk. Now politics and culture become much more important as to how they will deal with that risk. Then there’s the story of California which as a state ran up unsustainable debts during a series of bubbles and can’t raise the taxes to pay for them.

We’ll also talk about the twisted path taken to get MONEYBALL into theatres. The film based on his 2003 book is now a popular and critical success.

MICHAEL LEWIS received a BA in art history from Princeton University and a Masters in economics from the London School of Economics. He contributes to bloomberg.com and Vanity Fair. His other books include The Blind Side, Panic, The New New Thing, and Home Game.

Q&A: JIM WALLIS Founder/President, Sojourners and Author – REDISCOVERING VALUES on Wall Street, Main Street, and Your Street: A Moral Compass for the New Economy

Written on January 16th, 2010

 

Aired 01/10/10

JIM WALLIS Founder/President, Sojourners; editor, Sojourners magazine; Author, GOD'S POLITICS; THE GREAT AWAKENING; and his newest, REDISCOVERING VALUES on Wall Street, Main Street, and Your Street: A Moral Compass for the New Economy.

In REDISCOVERING VALUES, JIM WALLIS argues that the worst thing we can do now is to go back to normal. Normal is what got us into this mess. We need a new normal, and this economic crisis is an invitation to discover what that means. Some of the principles he offers for a new normal are...
· Spending money we don't have for things we don't need is a bad foundation for an economy or a family.
· Care for the poor is not just a moral duty, but is critical for the common good.
· A healthy society is a balanced society in which markets, the government, and our communities all play a role.

Q&A: PHILLIPE DIAZ – Writer and Documentary Director

Written on November 30th, 2009

 

 

Aired 11/22/09

PHILLIPE DIAZ is writer director of a new documentary THE END OF POVERTY that exposes the roots of the south’s poverty first in colonialism and then in the policies of the World Bank, IMF and the WTO.

The film features: Nobel prize winners in economics Amartya Sen and Joseph Stiglitz; expert authors Susan George, Eric Toussaint, John Perkins, Chalmers Johnson, government ministers such as Bolivia’s Vice President Alvaro Garcia Linera, and leaders of social movements in Bolivia, Brazil, Venezuela, Kenya and Tanzania.

THE END OF POVERTY’s opening line by narrator Martin Sheen: “Why, in a world of so much wealth, do we still have so much poverty, where billions of people live on less than one dollar a day?” According to writer-director PHILLIPE DIAZ, the ultimate goal of the film is to change the dialogue around the poverty debate from "poverty is a shame," to "poverty exists for a reason."

Born in Paris France, PHILIPPE DIAZ studied Philosophy at the Sorbonne in Paris, and began his film career as a director in 1980. He produced a number of features both in France and the US, and in 2003, with a consortium of partners he created Cinema Libre Studio, to provide an alternative structure for intelligent, independent films. His directorial debut, THE EMPIRE IN AFRICA won the Grand Jury Award for Best Documentary Feature at Slamdance 2006.

According to Diaz, “The end of greed on Wall Street will not end poverty in the world. The problem is much deeper than that; it is centuries old. Our economic system since colonial times requires cheap labor and cheap resources from the global South to succeed and to finance our lifestyle in the North. Without changing that we will never alleviate poverty.“

http://www.theendofpoverty.com/

Q&A: MICHAEL LEWIS, Author – Home Game

Written on July 30th, 2009

 

Aired 07/28/09

MICHAEL LEWIS is one of my favorite popular writers. He writes about sports, business, Wall Street, Silicon Valley, political campaigns, now fatherhood - in bestselling books and for the New York Times Magazine and Vanity Fair, among others. He's smart and he has a sense of humor. Malcolm Gladwell says he's one of our best storytellers.

LEWIS was a trader at Salomon Brothers before he wrote his first best-seller, LIAR'S POKER about the excesses of Wall Street in the 1980s. He continues to write about that world with a couple of books in 2008 -- Panic: The Story of Modern Financial Insanity and The Real Price of Everything (editor) -- and a column for Bloomberg. His newest book, Home Game, is about fatherhood, so we'll talk about that, but even more we'll talk about Wall Street, madness, greed, the crash, and how we're dealing with it.

MICHAEL LEWIS received a BA in art history from Princeton University and an MSc in economics from the London School of Economics. He worked as an investment banker for Salomon Brothers before leaving to write LIAR'S POKER. Other books include MONEYBALL, on the Oakland A's, Billy Beane, and baseball's new wave of Ivy League general managers; PANIC: The Story of Modern Financial Insanity; and his newest, HOME GAME: An Accidental Guide to Fatherhood.