PATT MORRISON SCHEDULE
Friday, January 28, 2011
1-3 p.m.
CALL-IN @ 866-893-5722, 866-893-KPCC; OR JOIN THE CONVERSATION ONLINE ON THE PATT MORRISON BLOG AT KPCC-DOT-ORG
1:06 – 1:19
OPEN
1:21 – 1:39
Final verdict on the American financial crisis is muddled, just like the crisis itself
The bi-partisan Financial Crisis Inquiry Commission (FCIC) appointed by Congress issued its final report yesterday on what it believes lead to the economic meltdown. After months of examining evidence and hearing testimony from big time players in the financial arena including Fed Chairman Ben Bernanke, U.S. Federal Deposit Insurance Corporation (FDIC) chairman Sheila Bair, Warren E. Buffett, and executives from Citibank to Goldman Sachs, the commission dispelled the notion held by many on Wall Street and in Washington that the economic crisis that launched this country and parts of the world into a major economic recession was unforeseen and therefore not preventable. The commission noted “systemic breaches in accountability and ethics at all levels” including the Federal Reserves inability to effectively manage the wave of toxic mortgages. The group found that legislators and regulators didn’t fully understand the economic system they were charged with overseeing and that ignorance coupled with inaction allowed too many financial firms to act “recklessly”. The commission’s report notes that lending standards were out of control—institutions lent to too many risky borrowers, the prevalence and lack of regulation of over-the-counter derivatives and the failure of credit rating agencies to accurately reflect the value of the products they were reviewing contributed significantly to the crisis. It’s important to note however that the conclusions of the 10-person bipartisan commission weren’t unanimous. Three conservative members of the commission released a dissenting statement lambasting the majority for presenting narratives that had a “popular appeal” but didn’t necessarily factor in the complicated nature of the global economic market.
Guest:
Phil Angelides, chairman, Financial Crisis Inquiry Commission
HE CALLS US:
1:41 – 1:58:30
Alone Together: Why We Expect More from Technology and Less from Each Other
It’s 2011 – the age of smart phones, text messaging, Facebook and Twitter. Sure, you can communicate in the blink of an eye with these electronic avenues, but it seems that as communication technology increases, actual physical interaction between human beings decreases. Just a few years ago, talking on the phone was the preferred form of communication, and while it isn’t person to person, at least there’s a real human voice involved. But now even a phone call can be considered to clunky – text messaging, instant messaging, and social media sites take the cake for communication now. So while it’s quicker and easier, is this technology dependence (and for many addiction) really giving us the lives we want to lead? How connected are you really if your main form of communication is over the internet? Sherry Turkle, a clinical psychologist from MIT, is here to talk about this phenomenon and her forecast for the future of human interaction and intimacy.
Guest:
Sherry Turkle, professor of social studies of science & technology at MIT and director of the MIT Initiative on Technology & Self
IN STUDIO
2:06 – 2:58:30
Patt Morrison’s Series on Homelessness—Part Two: from
With over 40,000 homeless living on its streets,
Guests
Orlando Ward, Vice President of operations, Midnight Mission homeless shelter downtown, where he oversees strategic planning of governmental, public, community and media relations for the
Carl Howard,
Marcus Cristy,
Becky Kanis, Director of the 100,000 Homes Campaign, Common Ground, a national nonprofit social services organization advocating for permanent and transitional housing
Mark Casanova, Executive Director of Homeless Health Care Los Angeles, a group working to improve the health of homeless people in
Zev Yaroslavsky,
- Supervisor Zev Yaroslavsky represents the Third Supervisorial District, comprising much of the City of Los Angeles
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- He initiated Project 50 – getting the 50 most vulnerable and chronically homeless individuals on
Jerry Neuman, Home for Good task force co-chair, representing the Los Angeles Chamber of Commerce
- Home for Good aims to end chronic and veteran homelessness in
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- Home for Good is unique in that it involves the private business community to fill the gaps where the city and
Mike Alvidrez, Executive Director of the Los Angeles
- The
Jonathan Serviss
Senior Producer, Patt Morrison
NPR Affiliate for
626.583.5171, office
415.497.2131, mobile
jserviss@kpcc.org / jserviss@scpr.org
www.scpr.org
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