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Save the Date - Saturday October 11 - and come to the KZYX 25th Birthday Bash.  Music - Food - Microbrews - Wine - old and new friends.  $5 cover, $10 picnic plate, $5 beer and wine.

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WHO KILLED THE AMERICAN DREAM?

Posted by All About the Money
All About the Money
All About the Money airs from 9 am to 10 pm on alternate Fridays and is hosted by John Sakowicz.
User is currently offline
on Friday, 26 July 2013 in Uncategorized

 

 


* * * FOR IMMEDIATE RELEASE* * *
 
Ironically, today's show on KZYX immediately follows President Obama's speech, yesterday, July 25, at Knox College, where the President laid out his vision for the Middle Class and a New American Dream.
 
See: http://www.whitehouse.gov/photos-and-video/video/2013/07/24/president-obama-speaks-economy
 
Pulitzer Prize winning author and Emmy Award winning producer, Hedrick Smith, will join host and producer, John Sakowicz, on "All About Money: on KZYX,, on Friday, July 26, at 9 am, Pacific Time. We'll talk about his new book, "Who Stole the American Dream?"
 
KZYX, an NPR affiliated station, is heard in the Counties of Mendocino, Lake, Humboldt, and Sonoma in northern California. We are heard at 88.1, 90.7, and 91.5 FM. 

Out of our broadcast area, our shows can also be heard streaming live from the web at www.kzyx.org 
 
 
from "Publisher's Weekly"... 


Pulitzer Prize Winner Hedrick Smith’s new book, "Who Stole the America Dream?" takes us across America to show how seismic changes, sparked by a sequence of landmark political and economic decisions, have transformed America. 


"Who Stole the American Dream?" is an extraordinary achievement, an eye-opening account of how, over the past four decades, the American Dream has been dismantled and we became two Americas. Smith knits together political and economic developments and significant shifts in American capitalism under the last six presidents and combines penetrating profiles of corporate and political leaders with close-up reporting on the experience of average Americans in an interdisciplinary work that offers excellent reading and teaching material for American history, political science, economics, public policy, business, journalism and government courses. 


This is a book full of surprises and revelations—the accidental beginnings of the 401(k) plan, with disastrous economic consequences for many; the major policy changes that began under Jimmy Carter; how the New Economy disrupted America’s engine of shared prosperity, the “virtuous circle” of growth; and how America lost the title of “Land of Opportunity.” Smith documents the transfer of $6 trillion in middle-class wealth from home-owners to banks even before the housing boom went bust, and how the U.S. policy tilt favoring the rich is stunting America’s economic growth. 


This book is essential reading for all of us who want to understand America today, or why average Americans are struggling to keep afloat. Smith reveals how pivotal laws and policies were altered while the public wasn’t looking, how Congress often ignores public opinion, why moderate politicians got shoved to the sidelines, and how Wall Street often wins politically by hiring over 1,400 former government officials as lobbyists. 


Smith talks to a wide range of people, telling the stories of Americans high and low. From political leaders such as Bill Clinton, Newt Gingrich, and Martin Luther King, Jr., to CEOs such as Al Dunlap, Bob Galvin, and Andy Grove, to heartland Middle Americans such as airline mechanic Pat O’Neill, software systems manager Kristine Serrano, small businessman John Terboss, and subcontractor Eliseo Guardado, Smith puts a human face on how middle-class America and the American Dream have been undermined. 


This magnificent work of history and reportage is filled with the penetrating insights, provocative discoveries, and great empathy of a master journalist. Finally, Smith offers ideas for restoring America’s great promise and reclaiming the American Dream.
 
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All About the Money airs from 9 am to 10 pm on alternate Fridays and is hosted by John Sakowicz.

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