Featuring Mark Buchanan and Thomas Geoghegan | | Print | |
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Guest: Mark Buchanan Mark Buchanan is a physicist and science writer. He is the author of three previous books, Ubiquity, Nexus, and The Social Atom, and has been an editor of the science journal Nature as well as New Scientist. His articles have appeared in Science, Wired, the New York Times, the Independent, and the Harvard Business Review. He currently writes monthly columns for the financial media outlet Bloomberg View, as well as for Nature Physics. He lives in Dorset, England, with his wife and two dogs.
THE BOOK: “FORECAST: What Extreme Weather Can Teach Us About Economics” Many investors these days are a bit like Dorothy, putting their faith in something as solid and trustworthy as a house (or, say, real estate). But market disruptions--storms--seem to arrive without warning, leaving us little time to react. Why are we so often blindsided by these things, left outdoors with nothing but our little dogs? More to the point: how did Kansas go from blue skies to tornadoes in such a short time? In this deeply researched and piercingly intelligent book, physicist Mark Buchanan shows how a simple feedback loop can lead to major consequences, the kind predictable by mathematical models but hard for most people to anticipate. From his unique perspective, Buchanan argues that our basic assumptions about economic markets--that they are for the most part stable, with occasional interruptions--are simply wrong. Markets really act more like the weather: a brief heat wave can become a massive storm in a matter of a few days, or even hours. The Physics of Finance reimagines the basics of how economics, with consequences that affect everyone.
Guest: Thomas Geoghegan From 1977 to 1979, Tom was a policy analyst for the U.S. Department of Energy. Working with Secretary James Schlesinger and Assistant Secretary for Policy Alvin Alm, Tom was the editor-in-chief of the groundbreaking National Energy Plan II. He also drafted several energy-related Congressional proposals submitted by the Carter Administration, including one bill that eventually became a law mandating state energy conservation programs. For his efforts, he earned an award for outstanding service as a Department of Energy employee. In 1979, Tom moved to Chicago, where he joined the law firm headed by the man who would become his mentor, the legendary Leon Despres, who for many decades was among Chicago’s most prominent reformers and progressive voices. At Despres, Schwartz and Geoghegan, Tom has filed suits in a wide variety of public interest, labor, and employment law cases. He has successfully represented countless individuals who were discriminated against in the workplace due to their race, sex, disability, age or sexual orientation, and he has sued employers who violated sexual harassment laws and the Family and Medical Leave Act. He has also filed lawsuits to enforce child labor laws, expand voting rights, crack down on the payday loan industry, and require public health measures to stop the spread of tuberculosis among the homeless. THE BOOK: Were You Born on the Wrong Continent?” Try to imagine your life in a full-blown European social democracy, especially the German version. Free public goods, a bit of worker control, and whopping trade surpluses? Social democracy doesn’t sound too bad. Were You Born on the Wrong Continent? reveals where you might have been happier—or at least had time off to be unhappy properly. It explains why Americans should pay attention to Germany, where ordinary people can work three hundred to four hundred hours a year less than we do and still have one of the most competitive economies in the world. Jack Girardi, Partner at Girardi Keese, is one of America's Finest Trial Lawyers and our Co-Host, as always, brings out the most important key elements to the success of today's guests. He and his firm have been dedicated to working hard and getting the best possible recovery for its clients. Girardi Keese's mission is to provide aggressive representation of individuals and businesses who have been injured in sous way, whether by physical harm, property damage, damage to business, or damage to economic interests. Girardi & Keese has two offices in California: Downtown Los Angeles and San Bernardino. www.girardikeese.com
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Guest: Mark Buchanan
Guest: Thomas Geoghegan
Jack Girardi
Steve Murphy |
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Last Updated on Tuesday, 10 November 2015 23:33 |