This show is an empowering response to anger and disgust. Eric Liu, founder and CEO of Citizen University, says that you're more powerful than you think. We discuss the stories, strategies and ideas raised in his timely book, "You're More Powerful Than You Think: A Citizen’s Guide to Making Change Happen"Read More
This "Fix It" episode is about passion, what inspired our guests to pursue their work, or write that book? We revisit interviews with Neil deGrasse Tyson, Mary Roach, Emily Esfahani Smith, Rose Gowen and Karen Firestone.Read More
Harvard University Professor Edward Glaeser says "there's a war on work." Taxation, housing, regulatory and social policies aimed at improving the lives of low income Americans, he says, often remove incentives for people to get a job. We based our episode on the findings and solutions suggested in Ed's article for City Journal-- "The War on Work and How to End It."Read More
In this episode we look at ways to add adventure to your life . We revisit previous guests: Kio Stark and Nicole Gelinas.
Kio is the author of "When Strangers Meet: How People You Don't Know Can Transform You.” and Nicole Gelinas is a Senior Fellow at The Manhattan Institute. She tells us about ways to improve urban safety for bikers, pedestrians and motorists.Read More
"If You're a Kid, the Experts Want You to Have a Fun-Free Summer" is the title of a recent article by Lenore Skenazy. Skenazy is the founder of the Free Range Kids Movement.Read More
Finn Murphy is the author of "The Long Haul: A Trucker's Tales of Life on the Road." His book is a penetrating look into the lives of big-rig drivers and the people they move.Read More
Neil deGrasse Tyson, the Director of New York City’s Hayden Planetarium, talks about the possibility of intelligent life on other planets, tackles science deniers on the right and left, and explains why we should invest more in pure science. Tyson also discusses his new book, "Astrophysics for People in a Hurry.”Read More
Neil deGrasse Tyson, America’s most prominent spokesman for science and Director of New York City’s Hayden Planetarium, talks about the benefits of a cosmic perspective, the case for manned space flight and much more in this first part of our wide-ranging conversation. We also discussed Tyson's new book, "Astrophysics for People in a Hurry."Read More
More than eight years after the financial meltdown, we still have a lot to learn, says our guest, CNN global economic analyst Rana Foroohar.
"The rise of finance has actually kind of eaten the rest of the economy," Rana tells this in this "Fix It" episode. "Finance controls the rest of industry. Finance has become the tail that wags the dog." At the same time, the financial industry remains at risk for another hugely destructive collapse.
In her book, "Makers and Takers: The Rise of Finance and the Fall of American Business", Rana says only 15% of all the money in financial markets ends up in the real economy in the form of loans to help grow business. The rest is traded and shuffled around the financial system.
"Finance is there to serve business. We need to simplify it," Rana says. That means deciding "what kinds of activities in our economy we want to incentivize and then creating the rules around finance to help capital flow to those areas."
- Reform the tax code that “treats one-year investment gains the same way it treats longer-term investments, and induces financial institutions to push overconsumption and speculation, rather than healthy lending to small businesses and job creators.” End the system's bias favoring debt over equity.
- Reduce the U.S. corporate tax rate - and abolish complex loopholes. Encourage multinational corporate to return cash kept overseas, reinvesting it in U.S. enterprises.
- End offshore banking, which allows corporations and wealthy individuals to avoid paying tax.
- Discourage stock buybacks. Boost incentives for large corporations to fund research and innovation.
- Reform banking laws. Impose new safety limits on the amount of money banks must have in cash.
- Impose a financial transaction tax: forcing banks to pay a small fee for each trade in bonds, stocks, and derivatives.
- Limit leverage: impose safety controls that require banks to hold a larger percentage of holdings in cash.
- Simplify and overhaul the enormously complex Dodd-Frank law, which penalizes community and regional banks. Pass a new form of Glass-Steagall Act - the 1933 law that separated commercial banking from investing and trading.
- Take a page from airline safety. Set up a financial version of the independent National Transportation Safety Board to investigate bank failures and other threats to the financial system.
- End "cognitive capture" or group think. When debating financial reform, listen to the views of all stakeholders: large and small banks, consumers, manufacturing businesses and academics that study the impact of finance on other sectors of the economy.