The Great Recession: Counting Costs, Contemplating Change
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More than half of all working adults have been directly affected by the recession, but the impact has not been felt equally across the economic spectrum. Who’s been hit the hardest and why? How are Americans changing their lifestyles in the face of the worst economic downturn since the great depression? What implications do those changes have for the kinds of social relationships and institutions that may emerge in the future? Also, Obama and Netanyahu make nice, and forget about those zippy little speed boats associated with drug running. The feds have actually seized a submarine built specifically to smuggle tons of cocaine. Guest host Sara Terry sits in for a vacationing Warren Olney.
Banner image: Job seekers pick up informational papers as they arrive for the second annual Anaheim/Orange County Job Fair in Anaheim, California June 2, 2010. Photo: Robyn Beck/AFP/Getty Images
Making News
Obama and Netanyahu Make Nice ()
President Obama and Israeli Prime Minister Benjamin Netanyahu met at the White House today, their first encounter after what was perceived as a chilly meeting in March. Today's meeting reportedly was intended to showcase mended ties between the two countries. Anne Kornblut, reporter for the Washington Post, is covering the meeting.
Guests:
- Anne Kornblut: Reporter, Washington Post
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Main Topic
The Great Recession: Counting Costs, Contemplating Change ()
A new survey by the Pew Research Center says that more than half of the nation's working adults have been directly hit by the recession. While the personal costs are high, the changes in individual lives will undoubtedly affect the broader social landscape. Will this kind of economic and institutional upheaval lead to the kind of shared sacrifice Americans experienced during World War II? How will young people, the so-called Millennial Generation, plan for a future that seems less secure?
Guests:
- Ron Brownstein: Political Director, Atlantic Media, @RonBrownstein
- Peter Goodman: National Economic Correspondent, New York Times, @petersgoodman
- Katherine Newman: Director, Princeton Institute for International and Regional Studies
- Dan Ariely: Professor of Behavioral Economics, Duke University
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Reporter's Notebook
Hundred-Foot Drug Smuggling Sub Found in Ecuador ()
In Ecuador, drug enforcement officials have seized the latest drug-smuggling vessel. The 100-foot-long diesel-electric powered submarine was caught in an Ecuadorian jungle waterway, bound for the Pacific Ocean. It's the first known, fully operational sub deployed by drug runners looking to smuggle tons of cocaine out of Latin America. We hear more from Dane Schiller, who's written about the seizure for the Houston Chronicle, and from Vanda Felbab-Brown, Professor of Security Studies at Georgetown University.
Guests:
- Dane Schiller: Reporter, Houston Chronicle
- Vanda Felbab-Brown: Foreign Policy Fellow, Brookings Institution
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