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Harvard University
Economics Professor at the Kennedy School of Government at Harvard University; co-author of This Time Is Different: Eight Centuries of Financial Folly
PROFILE
Carmen Reinhart
Guest
FROM Carmen Reinhart
To the Point
Wild Swings in Global Markets Have Led to Fears of a Worldwide Slowdown “It wasn’t very long ago that the dread hovering over global financial markets was that things were getting too calm.” This summer, Federal Reserve officials were worried about complacency. Those days are very definitely over. America’s economy is finally looking good, but Wall Street’s sudden volatility is a signal that all is not well. We’ll hear how slow growth in Europe, Asia and South America has led to warnings about the continued impact of the worldwide recession.
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What Mandatory Evacuation? Some People Just Won't Go The Woolsey Fire destroyed 670 structures in Malibu, including more than 400 single family homes. That makes it the most destructive fire in the history of that beachside community. But some residents say even more homes would have been lost, if not for the private citizens who defied mandatory evacuation orders to protect their neighborhoods. The homeowners who stay during a fire can be a nuisance for fire fighters... but they say they're not going anywhere next time.
KCRW Features
One Year Later: Rebuilding from the Thomas Fire This week marks one year since the Thomas Fire descended on the city of Ventura. It burned more than 500 homes within city limits. Since then, roughly half of those properties have received the green-light to start construction, but only a handful have actually broken ground. We visit one neighborhood where some of the first homes are getting rebuilt.