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Debt, Recession, and Words of Advice

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Wednesday, June 04, 2014

In debt In debt (Copyright: PTstock/Shutterstock)

On today’s show: Atif Mian explains why severe recessions continue to happen and whether we could have prevented the Great Recession and its consequences. Jazz guitarist Bill Frisell talks about his upcoming album, “Guitar in the Space Age!” and about performing at Jazz at Lincoln Center. Larry Smith, the founder of Six-Word Memoirs, kicks off the Six-Word Twitter Festival with this challenge: What’s the best advice you’ve given or received—in six words? Howard French discusses how China has become a major investor in Africa.

Debt and the Great Recession

Atif Mian argues that the Great Recession was caused by a large run-up in household debt followed by a large drop in household spending.

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Pen and Paper Lyrics, Space-Age Sounds

He has a new album coming about and will be performing June 6 at Jazz at Lincoln Center.

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Six Words of Advice

Words of wisdom are usually short and direct. Larry Smith talks about the Six-Word Twitter Festival, which is soliciting the best advice given or received in six words.

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China in Africa

China’s presence in Africa has been growing and it is shaping, and reshaping, the future of millions of people. Howard French, prizewinning foreign correspondent and former New York Times bureau chief in Shanghai and in West and Central Africa, talks about China’s economic, political, and human presence across the African continent. In China’s Second Continent, French crafts a layered investigation, looking at policy-shaping moguls and diplomats and the ordinary men and women navigating the street-level realities of cooperation, prejudice, corruption, and opportunity in Africa.

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