. >> next onbooktv, don peck discusses the impact of the current economic recession. it's about an hour. [inaudible conversations] [inaudible conversations] [inaudible conversations] >> okay, good evening. we will get started. welcome to politics and prose bookstore. i'm mike giarratano, schedule the events here, and i welcome you this evening on behalf of our owners, bradly grahm and liz muscatine, the new owners we're happy to have aboard here. welcome to politics and prose, and thank you for being here for supporting this bookstore, supporting our events series. if you're new here, to the bookstore, outside of august and december, we do events every night so you can follow us, our eventings which include classes and book groups, follow facebook, twitter, weekly e-mail, politics-prose.com, our website. it's a good time to silence your phones and gadgets as we get started this evening. tonight we welcome don peck to discuss his book, "pinched" how the great recession narrowed our futures and what we can do about it. don lives here in washington, d.c., and it's always

. ♪ i love you a bushel and a peck, a bushel and a peck and a hug around the neck ♪ >> the junior theaterl's mission includes building musical theater programs in schools where programs do not exist. >> to inspire students and teachers in deserving communities, there's a special sponsored schools program. >> a big, great big junior theater festival welcome to our first sponsored group tonight, the atlanta youth academy from southwest atlanta. ♪ arrivals to america. forced to flee war or poverty, they came to this country to start a new life. >> many of the students from our school who are attending this festival are refugees and it's been the first opportunity for them to perform in a place like this. it was just an awe-inspiring experience, so i think a confidence has been born in them that they didn't have before. >> and that's part of the goal of the festival -- to build confidence and unity. >> the theatre community is just kind of a big family and that's something that i haven't gotten to experience before i came here. >> i'm going to say this, this. you're going say this, this that.

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. i

. >>> 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

a tremendous source of support so please help me to welcome the jim and his guest tonight james peck. [applause] >> thank you very much it is a pleasure to be back. let's make sure that you hear everything. can you hear us? we have to microphones going and james peck author of the book that we will discuss tonight it is called "ideal illusions" how the government co-opted human rights" with the context of this book before we go forward, it is in those published by metropolitan books and it is a project which questions changes from military and economic posture. also the author of washington's china from the cold war and the origins of globalism and publishes is a number of articles in the near times dancer francisco chronicle's and other publications and from the civilization of china project at yale university press china international publishing group in beijing. but as you can see he is a busy man and we will enjoy the discussion tonight. he lives in new york city. earlier this week i went to a memorial service from a great scholar of human rights in as well as a renowned law profe

. >> ladies and gentlemen, gregory peck. >> never seems as fresh and wonderful, as good and evil as it does when seen through the eyes of a child. trying to capture that is remarkable and perhaps that is why one look and the last few years has been so warmly embraced by tens of millions of people. "to kill a mockingbird," winner of the pulitzer prize and just about every award a book can win and now happily "to kill a mockingbird" becomes a motion picture and its memorable characters become vividly alive. some people call him jane louise finch. but she insists on scout. and that's her brother, gym. just a boy until the day he learns there is evil in the world. and atticus finch, the father, whose devotion of justice places him and his children in jeopardy. and party to the defense, john robinson. >> excuse me. >> what kind of man are you? you got children of your own. >> atticus finch. >> this ring that belonged to your mother. you want to tell us what really happened? >> i got nothing to say. do nothing about it. you coward! >> gentlemen, i shall be brief but i would like to use the r

woods had that i'm peck able concentration. on the thing like that and there it goes.kelson we'll show you big names. phil in pink pants honoring lucille ball. look at phil mickelson. 73. he's even par but four player tied for the lead at eight- under par. raiders and the free agent party today. kevin dos tight end -- boss joins the fray, four years 16 million. played for the giants last year. he will see how it feels to work for al davis. he took mr. davis' money. four years, $16 million boss the play tight end. international soccer, this is paul, playing in manchester united playing his final time for this team after 17 years, pele hugged him. his theme name is ginger prince. jackie went out to dinner with her man. she's in a good mood. me too. i went out with my wife this evening. i'm thrilled. and anyway. pele's cosmos were routed. it's my wife's birthday. >> she share haysbert day with lucy. -- her birthday with lucy. who did we look up to, lucille ball and johnny carson. if you're going jim neighbors we end the show. would they be as big? >> everyone watched thos

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 ha

wimbledon champion petra competes of and french open champion lena are also watching the czech be under a peck of h. while now went on to smother stosur thirteen times champion stringer williams the lived up to her billing. in three sets. from toronto to montreal where the shock of the men's rogers cup to date so that you will fritz song. third seed roger federer in the last sixteen be informed french considering the first set on the tie break before the swiss fought back in the second but the decider well it was totally one sided tsonga storming to be enlightened by six games to one. no such worries for the top seed novak djokovic making it through after putin crossed martin silage in straight sets seven five six two the score in the serves second match since becoming world number one following his wimbledon triumph this improving his season's record to fifty wins with just one defeat to federer the french. verdict is also through to the last eight following a victory over evil karlovic the seventh seeded czech taking the opener six three but how they were considerably harder in the second to

. >> barbara peck there at the united nations. at least 37 people have been killed, more than seven million homes and businesses are without power. the white house says administration officials have traveled to the area on tuesday to see the damage and recovery efforts under way. laura reports. >> irene's alarming aftermath. farmers in new jersey battle with the rising water level, trying to help. teenagers clung on to their overturned boat, waiting to be rescued. >> we didn't realize the current was as strong as it was. we realized wow, it's getting really strong. >> as irene moves north to vermont, the flooding in this landlocked state was the worst in 80 years. its bridges barely standing. this one was swept away. >> oh, my god. >> in up state new york, rescuers tried to reach those cut off by the floods. >> the town is basically destroyed. i mean, maximum damage. people are displaced. everybody is staying at a friend's house. we have people staying with us because their house is gone. >> in massachusetts, a floating container

store and so but again, we just want to welcome you and say thank you for being here and for done peck. he's a national award winning writer and a features editor at the atlantic and she covers the economy and american society. and actually the september issue of the atlantic, which is 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 and also i'd like to say a quick thank you for your the atlantic further help promoting the season for supporting bonn and his work and in this particular event. so, pension is about the enduring impact the the great recession will have on american life they've been deeply impacted and subsequently are being and will continue to be altered, transformed those working dynamics, personal identities have been turned on their heads and likely will stay that way in the past several years in other words will remain in the near and distant future. the elite and the rest widens and the concentration of the wealth her further hall of the middle class and they suffer from the sam

instead of having to go down and hunt and peck, or contact officers and get the revelation that someone is wanted, one of the officers came up with a system, and now there is a spreadsheet that goes out to violence response teams and officers so they can no everybody that is wanted, as they go around there be, especially with mug shots available in the stations. we should be able to get those criminals most likely to off the street and into court for adjudication. if you look at the 100-day comparison from 2010 to 2011, we reduced violent crime by 4% and property crime by 3%. this was this morning's comstat report. anybody in the audience that would like a copy of the report -- it is over on the table. as you can see, homicides, particularly -- we have a slide for that next. we are on par with last year and the year before, which are historic lows. the last time we had a three- year run with this level of homicides was in the early 1960's. there was only one other year since that rivaled any of these years. that was 1998. that is more than 10 years ago. this is the best. the best one we

friend from arizona comes down this evening to highlight that wonderful change that we have the pross peck for making in this congress. this isn't four years down the road, five years down the road. this is in many -- this is in this congress right now. i know if he could, he would urge the folks listening to this and members of congress to encourage all of their constituents and all the people across this land who so firmly believe as i do and as i know mr. franks does that we need to put some controls, significant controls, on how washington spends money and that the balanced budget amendment is the best way to do that. i know what you would do, what he would do, is to urge all members to communicate to their constituents and to every single american to call their representatives, call their united states senators, and say, sometime, because of the bill we just passed, sometime between october 1 of this year and december 31 of this year, every single american will have the opportunity to communicate to their representative and their united states senator the urging that they would to enc

to penny delegation's side on a four year deal last season a spell to establish himself in the new pecking order. and over in america quarterback michael vick has signed a mega rich contract with the philadelphia eagles which will see him and one hundred million dollars of the six years the n.f.l. sides took a man off the heap in jail for nineteen months for dog fighting two years ago it has since last winter and has not been made and third highest in the n.f.l. quarterback tom brady and peyton manning and vick is hoping three paper face showing him by his employers. for this makes me want to work or you know just you can see. to show that you know i'm worthy of everything and i'm good. when i first got here and the commitment i made some more so. that won't change and i'm always going to go to work or. i've seen the progress that's been. just over a week before the start of the rugby world cup that seems to be in descending on new zealand so it just themselves to the time difference isn't fine as long as that from four years ago in europe were among the early arrivals in oakland and they

jointly delegation side on a four year deal last season and failed to establish themselves in the new pecking order. and fellow england midfielder scott parker has moved from second tier west ham to a top flight side top of the club's reached an agreement after the thirty year old transfer question play in the premier league the hammers were relegated out of engine bottom last season carter was still voted player of the year but his push pull writers. and we want at the athletics world championships in south korea russian and it's going to has won gold in the women's twenty kilometer walk for a record first time in a row to add to her olympic and european sidles greats in her country's flag the twenty six year old was beaming with after finishing just under one hour and thirty minutes she broke clear of the pack two thirds into the race and half an hour picking up a hat trick of world crowns says she never lets motivation let you go which i am very happy that i have won i always find motivation when i am in the stores or in i always feel i have something to prove i never think of the truth is

just a moment or two away from a discussion with don peck, a long term look at the corm and cultural impact of the economic recession. live coverage getting underway here now on c-span2. [inaudible conversations] [inaudible conversations] [inaudible conversations] [inaudible conversations] [inaudible conversations] [inaudible conversations] [inaudible conversations] [inaudible conversations] [inaudible conversations] [inaudible conversations] [inaudible conversations] >> okay, good evening. we will get started. welcome to politics and prose bookstore. i'm mike, schedule the vermonts here, and i welcome you have evening on behalf of our owners, our new owners, excited to have on board here, and on behalf of the book sealers, so -- book sellers, so welcome to politics and prose, and thank you for being here supporting this bookstore, our event series. if you're new here, it's a bookstore outside of august and september, we do events every night, so you can follow us, our events which include classes and book groups. you can follow us on facebook, twitter, weekly e-mail, or our website,

he ticked to rus--he pecke to be a navy seal and it is a proud moment.hose to be a navy seal and it is a proud moment for our family. also the top it is a difficult time for our family and the workers go out to the other families. it is a difficult time in the warpers go out to the other families our prayer is it is a difficult time. they have also lost loved ones. >> ft said that his nephew once saved the man from a drowning when he was only 10 years old. gabe slate's tech report >> if you've not heard about this mifi is the size of a deck of playing cards. lightweight, durable and comes with one button. it only does one thing it reached a mobile hot spot. with 400 ft. range. until now, air card to the unused to connect out and about. when there are always from a hot spot but this can only provide one hot spot. this gadget can deliver a fast internet connection to five simultaneous wife by connections at one time. using cellphones signals a sort works anywhere. using an ipad, and not smart phone all at once. we all know that smart phones and mobile devi

there were reports in south east london of renewed looting and violence there in berman's the and pecking which is two areas affected yesterday. take us through what sparked this from a ham i mean it seems like the initial cause is getting lost in all of this chaos. it all started on saturday night in tottenham which is a an area in north of london way up north miles away from here actually following the fatal shooting last week of a man called mark duggan by police started a peaceful protest outside the local police station there that escalated into arson looting and vandalism and then over the. also the last three days three nights even . other looting is going up and fresh riots run up all over london simle train is the last night and i was the worst it was in in areas all across south and east and west london to the police and the politicians were quick to say that that was copycat violence and it wasn't anything to do with disaffected with. society and unemployment and the economy they were saying this was just mindless violence people jumping on the bandwagon of a genuine cause and

claim the renewed supplies could ease the bullish sentiment on the markets but a lot of him wants a peck a from platt says let him put ducks in the wallets offset growing global demand for oil. had levy on production the outrageous the return of oil is roughly in the range of four give or take a million barrels per day so in the biggest scheme of things it doesn't change things much but it has added to the bullish sentiment so by definition as that production comes back some of the bullishness course it way from the marketplace but please note that international prices have really been over one hundred dollars so from up fundamental point of view in terms of the man and the man of oil continues to grow so the basis for a market collapse are not really there and if the central banks flood the market will liquidity then we're in another environment. let's scramble to get access to libya's oil has kicked off although the fighting is not even over rebels hailing the end of the gadhafi regime warned russian firms may lose lucrative oil contracts gas from left and talking have to have invested

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 was so compelling that it shouldn't until after labor day. we're here to talk about the foreign policy consequences of domestic political dysfunction in the united states. a subject that has