Patt Morrison Thurs, 10/16

PATT MORRISON SCHEDULE

Thursday, October 16, 2008

1-3 p.m.

 

 

1:00 – 1:20

The Treasury Speaks Amid Recession Buzz

The economy lurched deeper into the doldrums Wednesday and took the stock market down with it. The markets responded to news that retailers reported the biggest drop in sales in three years and a Federal Reserve snapshot showed Americans are spending less while manufacturing is slowing around the country. Can you say recession? U.S. Treasury spokeswoman Jennifer Zuccahrelli joins Patt to talk about the government's latest actions to stem the financial crisis.

 

Guests:

Jennifer Zuccarelli: Spokeswoman for the U.S. Treasury

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1:20 – 1:40

Economist Paul Krugman Wins the Nobel

Princeton economist, New York Times columnist, author, and intellectual Paul Krugman can add Nobel Prize winner to his list of achievements. Krugman learned Monday he had been awarded the Nobel prize for work he completed nearly twenty years ago about patterns of trade and geography, which also integrated the research fields of international trade and economic geography. Those twenty-year-old findings resonate with today’s ideas about the effects and process of free trade and globalization. Krugman joins Patt to talk about his work and about how it feels to win a Nobel.

 

Guests:

Paul Krugman is an American economist, columnist, author, intellectual, and the 2008 recipient of the Nobel Memorial Prize in Economic Sciences.[1] He is a professor of economics and international affairs at Princeton University, and has since 2000 written a twice-weekly column for The New York Times

BY TAPE

 

 

 

1:40 – 2:00

Don’t Have to Go Far to See Where Recession Will Hit Hardest

The Federal Reserve stopped just short of labeling the current state of the economy a “recession” but Wall St. certainly sees a recession coming: the market dropped 733 points yesterday.  Forbes.com crunched numbers from the Bureaus of Labor Statistics and Economic Analysis and found that the recession has already hit home here in California.  The forces of significant losses in housing values and rapidly rising unemployment have hit four Southern California areas particularly hard: the recession is already well underway in Riverside, Fresno, Bakersfield and San Diego.  Is the worse yet to come?

 

Guest:

Joshua Zumbrun, Washington correspondent at Fobes.com

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• Forbes’ top 10 “worst cities to ride out the recession”:  1) Riverside, 2) Cape-Coral, FL, 3) Las Vegas, NV, 4) Bakersfield, 5) Fresno, 6) San Diego, 7) Reno, NV, 8) Detroit, MI, 9) Miami, FL, 10) Tampa, FL
• Los Angeles itself was given an honorable mention on the list because its unemployment rate is up to 7.6% and home prices continue to plummet.

 

 

 

[NPR NEWS]

 

 

2:00 – 2:30

Just When We Need it Most: Firefighting Planes MIA

Despite pressure from elected officials and the military, the Bush administration has yet to equip some California National Guard planes for firefighting - a delay that could have grave implications during the worst of the wildfire season. After last year's devastating blazes, the head of the military's Northern Command said he would push to get the C-130 aircraft into the sky. And Gov. Arnold Schwarzenegger warned President Bush in April that it "would be reckless" to face another fire season without the planes, which are among the state's most powerful aerial firefighting weapons. What happened? What does it take and how long does it take to equip these planes?

 

Guests:

ALL GUESTS UNCONFIRMED

Lt. Col. Jon R. Siepmann, spokesman for the California National Guard.

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Congressman Elton Gallegly: R-24; Ventura County, Santa Barbara County

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• Gallegly said he was assured as far back as 2003 that the planes would be in the air. ``My frustration is at an all-time high.''

 

Terry Unsworth: President and CEO, Aero Union Corporation, an aircraft operation & maintenance company based in Chico

• He can address what it takes to equip these planes and how long it might take to do it

 

 

 

 

2:30 – 3:00

Another Example of How Mom & Dad Messed You Up: The Baldness Gene

The conventional wisdom was that the “baldness gene,” or the likelihood that a man would develop male pattern baldness by middle age, was determined by the history of hair loss on the mother’s side of the family.  But when most balding men stare in the mirror the image staring back at them is of their bald fathers—so who can disaffected bald men blame for the curse on their hair follicles?  Two studies in the journal of Nature Genetics this week identify the culprits:  blame both mom and dad for your comb-over.  Researchers identified a new gene variation strongly associated with early hair loss that can be inherited from either the mother’s or the father’s side.

 

Guests:

Elaine Fuchs, investigator at the Howard Hughes Medical Institute; professor of cell biology and development at the Rockefeller University

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Mike Ubl, founder & mission director of the Brotherhood of Bald People

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