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Out of Money

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Thursday, February 10, 2011

State and local governments are facing unprecedented deficits across American.  The Manhattan Institute's Nicole Gelinas looks at these fiscal woes, including whether bankruptcy should be an option, and Financial Crisis Inquiry Commission chairman Phil Angelides  talks about the ongoing aftershocks from the original financial crash.  Plus: New Yorker writer Lawrence Wright on the realities of the Egyptian police state; New Jersey debates if a blogger should be legally shielded as a journalist; Harvard’s Edward Glaeser on why cities are man’s greatest invention; and is princess-mania a development stage or a marketing-induced craze?

A State of Bankruptcy

Nicole Gelinas, contributing editor at the Manhattan Institute's City Journal and author of After the Fall: Saving Capitalism from Wall Street and Washington, talks about her congressional testimony on the fiscal woes of state and local governments - and whether bankruptcy should be an option. 

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Shielding Bloggers

The New Jersey Supreme Court is currently hearing arguments over whether an independent blogger who uncovered corruption in the pornography industry is protected under the same shield laws of traditional journalists. Statehouse reporter for the Star Ledger, MaryAnn Spoto, and Kevin Smith, ethics chair and former president of the Society of Professional Journalists, join us to discuss the case and what it may mean for the future of blogging.

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Egypt: Breaking News

Bobby Ghosh, deputy international editor of Time Magazine, updates the situation in Egypt, and the status of President Mubarak.

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Cities Rock

Edward Glaeser, professor of economics at Harvard University, senior fellow at the Manhattan Institute, and the author of Triumph of the City: How Our Greatest Invention Makes Us Richer, Smarter, Greener, Healthier, and Happier, looks at cities around the world and throughout history to show that they are the pinnacle of human achievement.

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Mubarak Before the Protests

Yesterday New Yorker staff writer Lawrence Wright discussed his new article on Scientology. But when he was at the studios, he also discussed his past reporting on the roots of Al-Qaeda and the connection to Egyptian prisons and abuses under the Mubarak regime. Then, Joe Stork, deputy director of Human Rights Watch's Middle East and North Africa division joins us from Cairo and provides a history of oppression and abuse under the Mubarak regime.

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Crisis Lessons: Aftershocks

Today is the second in a four-part series with Phil Angelides every Thursday in February. This week: the aftershock effect of the financial meltdown in state governments and the private economy.

Phil Angelides, Financial Crisis Inquiry Commission chairman, is the monthly guest for February. This week, he continues to unpack the commission's findings, taking a look at the ongoing fallout of the economic meltdown.

Read a Recap and Join the Conversation at It's A Free Country

Update on Egypt

Joshua Keating, associate editor of Foreign Policy magazine, and Omar Cheta, PhD candidate in the department of Middle Eastern and Islamic studies at NYU, update us on the situation in Egypt, the status of President Mubarak, and how he and his fellow Egyptians are feeling about recent developments.

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