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Forty years ago this month, Woodstock was a music concert that became both a cultural "happening" and a political moment that still inspires passion on the Left and the Right. We find out why it's still worth talking about today. Also, bad news about consumer confidence sends the Dow into a nosedive. On Reporter's Notebook, why didn't charges of "Socialism" kill Social Security 75 years ago?

Banner image: Nathan Koenig, head of the Woodstock Museum, stands in the old bus where his daughter was born as the 40th anniversary of the Woodstock music festival in Woodstock, New York. On August 15-17 in 1969 an estimated 400,000 music fans gathered on Max Yasgur's farm in Bethel, New York for the celebrated music festival. While the original Woodstock concert was held in Bethel, the festival was conceived and originally planned for the town of Woodstock, which was and remains an artistic community. Photo: Mario Tama/Getty Images

Making News Consumer Price Index Down Sharply from Last Year 7 MIN, 47 SEC

The Dow Jones Industrial Average took a dive this morning, apparently in reaction to bad news about consumer confidence. Instead of the rise that had been expected, there was a decline. Michael Mandel is chief economist at BusinessWeek magazine.

Michael Mandel, Editor in Chief, Visible Economy

Main Topic Woodstock: The Myths and the Realities 35 MIN, 7 SEC

poster.jpgIt's been 40 years since a half-million young people turned up at a muddy farm in New York State for an event that's still celebrated as a major cultural moment. The concert, lost money, but a year later, a documentary film more than recouped the promoters' losses. "Sex, drugs and rock 'n roll" didn't begin at Woodstock, but the film brought the counter-culture into America's mainstream. It was “3 days of peace and music” that dramatized opposition to the Vietnam War and raised questions about politics and commercial values. At the same time, it popularized illegal drugs, helped create a conservative backlash and showed promoters new ways to make piles of money.  We look at the Woodstock paradox 40 years later.

Dale Bell, Filmmaker, Backfired: When Volkswagen Lied to America
Rick Perlstein, author and historian (@rickperlstein)
James Miller, author and political scientist
Rich Galen, Mullings.com (@richgalen)
Paul Taylor, author and demographer (@paultaylordc)

Reporter's Notebook What President Obama Could Learn from FDR 8 MIN, 4 SEC

social_security.jpg"The bill opens the door and invites the entrance into the political field of a power so vast, so powerful as to threaten the integrity of our institutions and to pull the pillars of the temple down upon the heads of our descendents." Not an attack on healthcare reform, it's what a New York congressman said 75 years ago about Social Security. President Roosevelt's proposal was branded as one that would establish a government bureaucracy that would drive private insurance companies out of business. Is there a lesson here for President Obama? Nancy Altman is author of The Battle for Social Security: From FDR's Vision to Bush's Gamble.

Nancy Altman, Social Security Works (@ssworks)


Warren Olney

Rebecca Mooney
Sonya Geis

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