From dating to switching jobs and managing retirement. We all manage risk. Want to get better at it?
The best way to learn is to ask some of the real experts: Magicians, gamblers, big-wave surfers, horse breeders, and prostitutes. That's what economist, journalist and risk advisor Allison Schrager did. She's our guest in this episode.
Allison is the author of the new book "An Economist Walks Into a Brothel: And Other Unexpected Places to Learn About Risk." She visited Nevada's Moonlight Bunny Ranch brothel, hung out with paparazzi who stalked celebrities, spoke with movie makers in Hollywood, and went to a risk conference for surfers in Hawaii as part of her extensive research for the book.
Read moreA trade war with China is a growing threat to U.S. influence and the global economy. What began more than a year ago with President Trump’s decision to impose tariffs has become an unpleasant economic reality for many American businesses.
Recently, the U.S. labeled China a “currency manipulator.” But Perhaps, an even larger long-term threat comes China’s aggressive espionage offensive that is playing out in behind-the-scenes as of the U.S. and China struggle for global dominance.
Our guest is Elizabeth Economy, a senior fellow and director of Asia studies at the Council on Foreign Relations in New York. Her most recent book, “The Third Revolution: Xi Jinpeng and the New Chinese State”, explains the background to recent dramatic changes inside China.
Read moreIs the U.S. economy about to fall off a cliff? Declining growth, financial market jitters, and a growing rift between the U.S. and China are all fueling fears of a recession.
For the first time in 12 years, since shortly before the last recession, interest rate yields on 10-year government notes are lower than for short-term loans. This inverted yield curve is highly unusual and the latest sign that a sharp slowdown could happen soon.
"The inverted yield curve has accurately predicted seven out of the last seven recessions in the past half century, says our guest, award-winning financial journalist and best-selling author Diana Henriques.
Read moreOur guest, opinion writer and author, Daniel Akst argues that Trump's clear, simple story on the economy, trade with China, and immigration that may appeal to many voters.
Despite the President's negative poll ratings, and a chaotic White House, Democrats are having a miserable summer, with a stumbling frontrunner and the rise of the hard left. "They have found themselves in reaction to this horrible man moving ever further from any constraints on immigration of any kind, says Daniel. "I don't think that will play with the voters."
Read moreA lot of politicians like to say that there are “two Americas,” but do any of them know what life is really like for the marginalized poor?
We speak with journalist and photographer, Chris Arnade, about the forgotten towns and people of back row America. In 2011, Chris left a high-powered job as a bond trader on Wall Street, hit the road, and spent years documenting the lives of poor people, driving 150 thousand miles around the U.S.
Read moreSupport for socialism is surprisingly strong, especially among young Americans, ages 18-29. According to recent polls, they are more likely to have a positive view of socialism than capitalism.
"Seriously debating socialism gets us talking about a good society really is and the philosophical, economic and political foundations that underlie it," wrote economist Emily Chamlee-Wright this month in The Wall Street Journal.
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