that's how it'll go, but, again, we just welcome you and say thank you for being here and for don peck. don is a national award winning writer and a features editor at the atlantic covering the economy in american society. the september issue of the atlantic out now and also available here for sale, featured a cover story by don, can the middle class be saved? it's an essay adapted from this book, "pinched," and also end to say thank you to the atlantic for supporting this event and supporting don in his work and this particular event. pinched is about the enduring impact that the great recession has ton american life, how economic and societal norms have been deeply impacted and are being and will continue to be altered, transformed. work environments, family dynamics, and personal identities were turned on their heads and will stay that way. the scars will be in the near and distant future. meanwhile, the chasm between the wealthy elites and poor wydens and the middle class is hollowed out. communities and families suffer from the same risk. wealthy have recovered and others are shud

don peck is a national award winning writer and editor at the atlantic. he covers the economy and american society. the september issue of "the atlantic" which is available here features a cover story by don, can the middle class the saved? and a quick thank you to the "the atlantic" for promoting this event and supporting and 11 -- don peck and his work. "pinched" is about the effect of the recession on american life. economic, societal and cultural norms have been impacted and are being altered, transformed. family dynamics, personal identities turned on their heads and will say that way. the scars of the past several years in the near and distant future. the chasm between the wealthy and the rest widens and concentration of wealth hauling out the middle class. cities and communities suffer the same risk. certain cities have recovered and others remain shuttered. our national identity is shifting. with historical context by comparing this recession with classes of years past don calls for renewed civic duty and public action. thank you for joining us. it

. >>> terry savage, don peck with us now. as you talk about education, we talk about every weekend on this program, you talked in the last segment how we have to be investing in these skills but with skyrocketing tuition costs, a degree is still worth it but it won't protect you against job loss like it used to. what is the value of education here and is there a concerted effort in washington to make sure that isn't downsized, too? >> it's interesting. in some ways professional degrees are now what bachelor's degrees used to be. wages have been rising very smartly for quite a long time for people with professional degrees, people with professional degrees today have very low unemployment rates. things are less certain for college graduates. however there's been a lot of commentary recently questioning whether a college degree is still worth it. we saw just that same sort of commentary during the great depression. it was wrong then. it's wrong now. all evidence suggests that a college degree is absolutely worth it. particularl

joining us is don peck, author of "pinched, how the great recession has narrowed or futures and what we can do about it." welcome, don. >> thank you. >> congratulations on the book. you're looking at it from the long term, not just the immediate market turmoil what has your research shown about the long-run impact? >> we tend to think of recessions as temporary phenomena, housing values go down, they go back up again, but for it lairly deep long downturns, they are not temporary. they change society permanently. already this recession has changed the places we live, the work we do, in some cases, especially for the unemployed, even who we are. those changes with far outlast this recession itself. >> so before i get chrystia freelened in, what is it to worry about? earnings will be forever lower? is it the fact there's a whole new culture and psychology that may set in? >> i think there are two things worth worrying about. one is the average duration of unemployment is nine months. there are millions of people who have been out of work for a year, two years, more. those people will hav

but, again, we just really want to, again, welcome you and say thank you for being here, and for don peck. don is a national award winning writer in a features editor at the atlantic covering the economy and american society, and actually the september issue of the atlantic, out now and also available here for sale, features a cover story by don, can the middle class be saved? it's an essay adapted from this book, "pinched," and also i'd like to say a quick thank you to the atlantic for their help promoting this event, supporting don in his work and this particular event, so "pinched" is about the endouring impalgt the great recession has on american life and how social norms have been deeply impacts and will continue to be altered, transformed. work environments, family dynamics, and personal identities have been turned on their heads and will likely stay that way. the scars of the past several years, in other words, will be in the near and distant future. the gap between the wealthy and the rest wydens, and the concentration of wealth further hollows out the middle class. communities su

so we welcome don peck. we also welcome the c-span booktv audience and thank them for joining us. the format tonight is that don will speak at this podium for about 20, 25, 30 minutes. he will present the boat, tell us why he wrote it and then open up to the second half of the hour to you for questions. what we ask is that you get their audience microphone here in the center i hope. it's the one microphone would have this evening. it can be difficult getting there with the crowd decides. but do keep the talk out of both for those here. we will field questions from the microphone. we do encourage your question in input after the q&a, don will sign books at this table. his books are for sale in the front of the store. so that is how it will go. but again, we just really want to again welcome you and they thank you for being here and 479. don is a national award-winning writer and features editor at the atlantic where he covers the economy and american society. actually, the september issue of the atlantic which is available here for sale features a cover story by don, can the middle

joining me to talk about that, don peck, author of the book "pinched how the great precision has narrowedo about it" features editor. steven moore for "the wall street journal" editorial page. don, let me ask you first, is he a good choice, the guy who's going to be able to unlock hiring in this country? >> i think alan krueger is a great choice for this position. he knows labor markets, he understands job creation, he understands unemployment as well. so yes, i think he'll be a good addition to the administration. >> steven moore, people even yesterday saying, he's a liberal, believes in spending and incentives to get the economy going and there's no reason for us to think conservatives saying, no reason to think he gets we want to undo the stuff the administration does, we don't want him to do more. >> i agree he's a very distinguished economist, he's very well published. i would say he's one of the top 25 economists in the kunltry. i don't always agree on some of his policy prescriptions. christine, you're right he's very likely to continue to support a lot of the programs that barack

so we welcome don peck. we also welcome the c-span booktv audience and thank them for joining us. the format tonight is that don will speak at this podium for about 20, 25, 30 minutes. he will present the boat, tell us why he wrote it and then open up to the second half of the hour to you for questions. what we ask is that you get their audience microphone here in the center i hope. it's the one microphone would have this evening. it can be difficult getting there with the crowd decides. but do keep the talk out of both for those here. we will field questions from the microphone. we do encourage your question in input after the q&a, don will sign books at this table. his books are for sale in the front of the store. so that is how it will go. but again, we just really want to again welcome you and they thank you for being here and 479. don is a national award-winning writer and features editor at the atlantic where he covers the economy and american society. actually, the september issue of the atlantic which is available here for sale features a cover story by don, can the middle

. >> next, don peck discusses the cultural impact of the economic recession. it is about an hour. [inaudible conversations] [inaudible conversations] [inaudible conversations] >> okay, good evening. we will get started. welcome to politics & prose bookstore. i am mike giarratano. a schedule of events here and i welcome you this evening on behalf of

again for joining us and it is a pleasure to welcome to politics and prose to discuss this book don peck. [applause] thanks, mike, there was a great introduction. i feel like i should just take questions right after that. i live about ten minutes away from politics and prose and after the years i've been to countless the talks but this is my first book on this side of the microphone, so it's likely some real for me, but i will do my best. thank you all for coming. i want to talk about how this book came about. so as mike said i'm the features editor of the atlantic, and i spent a lot of my time trying to find big stories or cover stories, and if you know the atlantic at all, one of the features of it is that we write a very long series and they take a long time to report their deeply reported, they take a while to incubate so one of the pleasures and challenges of the job is trying to look for pieces that won't appear for six or nine months that will feel deeply considered also timely and relevant. and i covered the economy among other things, and so when we have the initial financial cr

applause laws [applause] >> our special booktv programming on c-span2 continues live today with don peck, author of pinched discussing the social and cultural effect of the slow economy. mr. peck who's featuresary for the atlantic will be at the politics and prose bookstore in washington, d.c., live at 7:00 pm eastern. later tonight, our prime time booktv programming will include current and former members of congress. massachusetts senator scott brown has written against all odds, my life of hardship, fast breaks and second chances. and then bernie sander's book is the speech a historic filibuster on corporate greed and the decline of our middle class. and former representative james rogen is the author of catching our flag behind the scenes of a presidential impeachment. booktv is in prime time all month here on c-span2. [inaudible conversations] >> good afternoon, ladies and gentlemen. welcome to foreign policy at brookings. i'm the director of the foreign policy here. it's very good to see you all here in the dog days of august. but we thought that the topic of today's conversation w

don peck wrote about this, and he says he is in the camp that the president must do something, and hereure spending and deeper extended payroll cut, and jobs credits to employers who make new hires. these are all things that we need to be doing. they are tools that we have available, that we are not using adequately and we switched to austerity to a large degree to the debt ceiling deal, and that is a mistake in this kind of economy. >> but you know, kyra, more of the same, and more spending and more infrastructure spending and unemployment benefits will not fly with conservatives like the "wall street journal's" moore. >> this is problems that i have in general, we tried these things and they don't work and then we try more of it. >> yes, they don't want more of it and many say that alan krueger is likely to be asking for more of what we have already done. you know, wisconsin senator ron johnson, a republican, is also blasting the white house, kyra, for having no clue of how to create jobs. he says that un-do the agenda, repeal health care reform, end the stimulus, scrap dodd/frank ban

and then book tv live tonight, with the author of "pitched," who -- it don peck at politics and prose book store in washington, d.c. again, that's live at 7:00. >> the july 20 u.n. declaration of famine in two regions of somalia was not made lightly and truly reflects the condition of the people there. on the basis of that we estimate that in the last 90 days, 29,000 somali children have died. this is nearly 4% of the chirp in southern so many alio. our fear and -- somalia. our fear and the fear of the governments in the horn of africa is that the famine conditions in those two regions will spread to encompass the entire region of southern somalia. the next rains are not due until october and even if they're good we could see a raise in water borne diseases. >> late last month the white house and u.s. automakers agreed on a requirement that would raise the fuel and economy standards to 54.4 approximate miles a gallon by 2025. we talked sfw on "washington journal" with the bureau chief for the "detroit news." al" continues. host: we are talking about the standards. why is this such a h

booktv is live at 7:00 eastern with don peck, author of "pinched."he will be speaking at politics & prose in washington. that is on c-span2 at 7:00. >> the july 20 declaration of famine in the region, somalia was not made lightly and reflects the conditions of people in somalia. based on a nutrition and mortality is surveys, data certified by the cdc, we estimate that in the last 90 days, 29,000 somali children have died. this is nearly 4% of the children in southern somalia. our fear, and if you're of the international community and the governments in the one of africa, is that the famine conditions in those regions of somalia will spread to encompass the entire eight regions of southern somalia. the next rians our september and october, and even if they are good, we could bear witness to another wave of mortality in the south to do to waterborne diseases. >> what this hearing on line at the c-span video library. >> media reports to date say that president obama will announce his report to create jobs in a major speech on labor day. it is likely to