there is no figure like studs terkel within oral history. a small field, a field that ha very little resct within academic life but which represents a popular, approach to history that is par excellence. it exceeds any other historian's group of the quotetidian life. >> as liz well knows, talk about this, liz, one of the great things about studs, he was a trained actor befe he started doing oral histories. he fell into different radio shows and was really good at that. he was the most mechanically inept human being in the world. >> right. >> most oral historians would go in, please let's talk sit there. studs would -- >> he would always say that, one of his great advantages was that he was inept. >> yeah. >> one of his amazing stories, one of just, i love this steer, tells of a woman in public housing -- is this one, rick. god, amazing story in public housing. and he has interviewed her and her small child is, after the interview, before the interview futzing with the tape recorder and they have the interview. the boy goes back to the tape r

there is a guy who influenced me and anticipated speed sds terkel. he came from indiana from an agricultural area. he wt to purdue and then he came to chicago in the 1890's and got a job i think with the chicag record. and that time, the colombian national exhibition or exposition, you know, was taking place, and they sent him out. they sent him out in e street to just inteview. you know, he could do anythin he wanted. and so he would just interew all these different kinds o people and it was just great. he interviewed the same kind of people that studs did. >> and he did. he collaborated with the tribune, before he was at the tribune when they were both at the daily news with the famous illustrator, john mccutcheon, most famous for engine summer. there is a show at the chicago cultural center ase speak that's running through august of mccutcheon's work. a great deal with it he an orge need wrote and ilstrated column called stories of thetreetsnd sidewalks that is there are panels up there of this. there are two panels, i don't care how old you are o

won, the guyn power would support the guys in power of japan and bush won so armitage, jim kelly, terkelpatterson and i went in and kurt and frank on the democratic side of the senate and joe mauney, all of them were extremy supportive with ideas and energy on the u.s.-japan alliance, and that sort of bipartisanship i think it's still is alive. and when president obama -- when barack obama won the election and the asian jobs cld populated the more populated by people focused on japan and who knew and had a history with japan having worked in the clinton administration to strengthen the u.s.-japan alliance. i had been impressed with how much they know. they had been doing a huge amount of research poring over the poles. ihen asked to ta a couple o times in the administration. there isn't much i can tell them they don't know. it is a senior level so they are watching this very closely. they've also for the year leading up to the election there were a number of trips to japan of the various reseah and study groups and other things bipartisan. so jim steinberg deputy secretary of state, ecke

. >> so the end terkel literature representative bachus, suggest that in many instances consumers make decisio that they later regret, and that if they had en given full information about the financial consequences of their decisions, they would have made different choices. so if we're able to emper them in advance with the knowledge about what those decisions actually wouldean tohem, they are likely to make much better decisions. >> said the new agency would not even make those choices or suggest certain choices to them? armada established a government proposed solution? >> that is right, mr. bachus. i think there is some misunderstanding, for example, about the idea oftandard products is the idea of standard products ishat i articulated before. so if you offer someone a pay option a, you should give them a basic case comparison. so i pay option arm following the additional risk as opposed to, say, a hybrid arm of what the folling characteristics. it is a way of anchoring consumer decision-making so they can make betr choices. >> so you are not going to suggest a certain choice to the

won, the guy in power would support the guys in power of japan and bush won so armitage, jim kelly, terkel patterson and i went in and kurt and frank on the democratic side of the senate and joe mauney, all of them were tremely supportive with ideas and energy on the u.s.-japan alliance, and that sort of bipartisanship i think id's still is alive. and when president obama -- when back obama won the election and the asian jobs could populated the more populated by people focused on japan and who knew and had a history with japan having worked in t clinton administration to strethen the u.s.-japan alliance. i had been impressed with how much they know. they had been doing a huge amount of research poring over the poles. i then asked to talk a couple of times in the administration. there isn't much i can tell tm they don't know. it ia senior level so they are watching this vy closely. they've also for theear leading up to the election there were a number ofrips to japan of the various research and study groups and other things bipaisan. so jim steinberg deputy secretary of state, eckert campb