How Do We Fix It?

From dating to switching jobs and managing retirement. We all manage risk. Want to get better at it?The best way to learn is to ask some of the real experts: Magicians, gamblers, big-wave surfers, horse breeders, and prostitutes. That's what economist, journalist and risk advisor Allison Schrager did. She's our guest in this episode.For people faced with risky decisions every day, making the right choices can be the difference between success or failure, and in some cases, life and death. Allison is the author of the new book "An Economist Walks Into a Brothel: And Other Unexpected Places to Learn About Risk." She visited Nevada's Moonlight Bunny Ranch brothel, hung out with paparazzi who stalked celebrities, spoke with movie makers in Hollywood, and went to a risk conference for surfers in Hawaii as part of her extensive research for the book.We learn basic lessons about human psychology as well as hedging, diversification, leverage and insurance. "You take risks to get what you want in life, and you're never going to get what you want without taking risks," says Allison. An Oscar Award-winning documentary is mentioned: "Free Solo," about Alex Honnold's attempt  to become the first person to climb the face of America's most famous rock, the 3,000ft El Capitan in Yosemite National Park, without a rope. Also, learn more about Allison's firm, LifeCycle Finance Partners. Hosted on Acast. See acast.com/privacy for more information.

A trade war with China is a growing threat to U.S. influence and the global economy. What began more than a year ago with President Trump’s decision to impose tariffs has become an unpleasant economic reality for many American businesses. Recently, the U.S. labeled China a “currency manipulator.” But Perhaps, an even larger long-term threat comes China’s aggressive espionage offensive that is playing out in behind-the-scenes as of the U.S. and China struggle for global dominance.Our guest is Elizabeth Economy, a senior fellow and director of Asia studies at the Council on Foreign Relations in New York. Her most recent book, “The Third Revolution: Xi Jinpeng and the New Chinese State”, explains the background to recent dramatic changes inside China.She is among a distinguished group of China specialists who once favored engagement with Beijing, but are now calling for the United States to take a more forceful approach as China attempts to undermine democratic values. "Managing this relationship is essential," says Elizabeth. "It cannot allowed to it to spiral down too far." Hosted on Acast. See acast.com/privacy for more information.

Is the U.S. economy about to fall off a cliff? Declining growth, financial market jitters, and a growing rift between the U.S. and China are all fueling fears of a recession.For the first time in 12 years, since shortly before the last recession, interest rate yields on 10-year government notes are lower than for short-term loans. This inverted yield curve is highly unusual and the latest sign that a sharp slowdown could happen soon."The inverted yield curve has accurately predicted seven out of the last seven recessions in the past half century, says our guest, award-winning financial journalist and best-selling author Diana Henriques. In this episode we look at the risks of a recession and constructive ways to handle it. These include:- "A calming voice from the cockpit." The need for wise leadership and strong communication skills from The White House.- Experienced financial regulators who know what to do in a crisis.- Greater attention from big business to the needs of stakeholders, not just shareholders. "A modern economy and financial system plugged in to global financial systems is a complex, delicate machine," says Diana. What's needed is "somebody watching it that knows what they're doing... how to explain what's happening and what plans they have to explain it to the public in a way that's credible and understandable."Protecting yourself in case of a recession... link.More on Diana Henriques books and media engagements... here. Hosted on Acast. See acast.com/privacy for more information.

We live in a time of suspicion and mistrust. What is this costing all of us in lost productivity, creativity and shared humanity? Isn't there a better way to design our organizations and systems? A recent Pew Research poll found that a majority of Americans believe that most people just look out for themselves, and that they would take advantage of you if they got the chance."We’ve internalized the assumption that humans can’t be trusted, and therefore, that we all need to be constrained and coerced into doing the right thing, pretty much all the time," wrote our guest, technology consultant, futurist and thinker Jerry Michalski, in a recent blog post.And yet, there are examples of systems designed from trust that work surprisingly well. - Anyone can edit and make changes to Wikipedia pages. Most of us rely on this open-source online encyclopedia for accurate information. - Micro loans go to people of very limited means, who should be terrible credit risks. But their default rates are lower than for conventional loans.  - Netflix has no limit on vacation time and days off. The only guidance to employees that they act ethically and Netflix’s Best Interests. - The international, self-supporting fellowship, Alcoholics Anonymous (AA), is also highly successful group that is designed from trust. "It turns out that on average people are more trustworthy than we think they are," says Jerry. "Wikipedia has discovered this as have many, many other kinds of services." Hosted on Acast. See acast.com/privacy for more information.

Most of America's deadliest mass killings have happened within the last ten years. The deaths of more than 30 people in El Paso, Texas, and Dayton, Ohio, have led to renewed demands for federal background checks and gun violence restraining orders, or "red flag" laws.America is also facing a growing crisis of violent extremism and white nationalist terrorism. The FBI and other law enforcement agencies are under pressure to expand their investigations.In testimony before Congress, FBI Director Christopher Wray, said white supremacy poses a “persistent” and “pervasive” threat to the United States.In this episode, we look at a range of solutions, with the understanding that no single proposal is likely to lead to a dramatic reduction in domestic terrorism, mass shootings, gun homicides, or racial hatred.We hear from James Burnett, Editorial Director of The Trace, an independent news site that covers America's gun violence crisis. He explains that the U.S. has the highest homicide rate among all industrialized countries, but that only 2% of all deaths are in mass shootings. Critics of President Trump say his harsh language and repeated claims of an "hispanic invasion" have contributed to fear and violence. Bob Spitz, author of “Reagan: An American Journey” tells us about some important lessons to be learned from President Reagan’s style of leadership. And we repeat part of Gregg Easterbrook's argument on "How Do We Fix It?" that pretending everything is awful, when many things for most people have never been better, "keeps Americans in an endless state of depression and anxiety, preventing reforms such as gun regulation". Hosted on Acast. See acast.com/privacy for more information.

Our democracy has become a punching bag. From Russian hacking and hate-filled tweets, to demands for impeachment and increasingly nasty political infighting, our public conversation is increasingly narrow, dispiriting and disempowering.According to Pew Research, trust in government is near historic lows. Most Americans believe that declining trust in our public institutions and in each other make it harder to solve key problems. A new poll says 75% of Americans say trust in government is shrinking, while 64% say this is also true for each other-- suggesting we have become more fearful and suspicious.Our guest, Debilyn Molineaux, Executive Director and co-founder of Bridge Alliance, says it's time to restore the nation's social contract. Her organization works to transform the political process by finding new and effective ways to bridge divides in our politics and among our families and local communities. Find out more in this episode.Bridge Alliance has more than 80 member organizations. Including All Sides, Common Good, headed by Philip K Howard, Living Room Conversations, Citizen University and Unite America… All groups we’ve interviewed on “How Do We Fix It?” Hosted on Acast. See acast.com/privacy for more information.

President Trump's tweets that four minority Democratic congresswomen should “go back” to the countries they came from, and chants of "send her back" at his rally in North Carolina provoked outrage and disgust from his critics. American politics appear trapped in a spiral of toxic fury, and this angry mix may precisely match the pugilistic President's preference as he wades into the 2020 campaign.Our guest, opinion writer and author, Daniel Akst argues that Trump's clear, simple story on the economy, trade with China, and immigration that may appeal to many voters.Despite the President's negative poll ratings, and a chaotic White House, Democrats are having a miserable summer, with a stumbling frontrunner and the rise of the hard left. "They have found themselves in reaction to this horrible man moving ever further from any constraints on immigration of any kind, says Daniel. "I don't think that will play with the voters."  We discuss the crisis, look for solutions, and consider whether the quality of debate will improve when the Democrats pick their nominee. Hosted on Acast. See acast.com/privacy for more information.

Social media is under fire for how it threatens our society, our politics, even our mental health.Facebook, Google, Twitter and other tech giants are criticized for spying on us and using secret algorithms to push us toward extreme views.Civic Hall is a key player in a growing movement to use technology to better the world-- what people are calling "civic tech".Our guest, Micah Sifry, co-founder and President of Civic Hall, is a longtime advocate for transparency, better government, and using tech for social change. "The problems that we face as a society are not going to be solved by tech alone," he says. Most of the problem-solving work that we see and support at Civic Hall is, at most, 20% tech and 80% social." In this episode we highlight the work of several groups, including Code For America, which is on a mission to make government work in the digital age, and Ushahidi, an organization that builds tools to solve the world's biggest humanitarian and international development challenges. Hosted on Acast. See acast.com/privacy for more information.

Colleges and universities can play a virtual role in the moral, intellectual and spiritual development of a student’s life. But there is a growing mismatch between the culture of many campuses, and the challenges young people will face in their careers, politics and personal lives.Author and columnist David Brooks suggested solutions in his stirring speech, “How a University Shaped My Soul”, given at the recent annual conference of Heterodox Academy. He spoke about the life lessons he learned as an undergraduate at The University of Chicago.“Our professors taught us intellectual courage. There is no such thing as thinking for yourself,” he said. “Even the words we think with are collective things, and most of us don’t think for truth, we think for bonding.”Brooks surprised his audience by praising students who challenge their professors, saying “on balance, it’s a good thing.”Since 2003, David Brooks has been an op-Ed columnist at The New York Times. He is an executive director at the Aspen Institute, a commentator on PBS Newshour, and author of the new book, “The Second Mountain." Hosted on Acast. See acast.com/privacy for more information.

Will the Catholic Church's sexual abuse crisis ever end? Nearly 18 years since the Boston Globe's Spotlight investigation's shocking revelations, U.S. bishops and The Vatican still struggle to hold the church fully accountable for decades of criminal wrongdoing.Last year's Pennsylvania Grand Jury Report revealed that over 1,000 children had been abused by Catholic priests across six dioceses over seven decades. A new Pew Research Survey finds that a large majority of American Catholics think abuse by clergy is still happening. This episode looks at the crisis from a unique perspective. Maggi Van Dorn, a Catholic committed to healing the Church from the inside, hosts "Deliver Us", a frank and remarkable series of podcasts that spoke with survivors of abuse, advocates and church experts. "The Church is marred in a really ugly way," Maggi tells us. "As a member of this family, it's really incumbent on me to work for reform."We discuss solutions, such as the Dallas Charter for the Protection of Children and Young People, the campaign to get justice for survivors, calls for greater transparency, and a stronger role for women in the leadership of the Church. Listen to "Deliver Us" here. Hosted on Acast. See acast.com/privacy for more information.