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Twilight on Wall Street

Program 01-01-21-A

To The Best of Our Knowledge
from Wisconsin Public Radio
The great bull market of the nineties is apparently over, so what's ahead for this nation of disheartened investors? Will the 20-something day-trading millionaires have to get day jobs? Will we hear a collective "click" as all the televisions tuned to CNBC go off? (After all, just how much financial news do you want to hear when your portfolio's in the toilet?) Next time on To the Best of Our Knowledge, the market takes a dive. Now what?

SEGMENT 1:
Michael Mandel is the economics editor at Business Week and the author of "The Coming Internet Depression: Why the High Tech Boom Will Go Bust, Why the Crash Will Be Worse Than You Think, and How to Prosper Afterwards." And you can probably guess what he has to say to Jim Fleming. Also journalist Howard Kurtz talks about media manipulation to Jim Fleming. Kurtz is the author of "Spin Cycle: Inside the Clinton Propaganda Machine," and "The Fortune Tellers: Inside Wall Street's Game of Money, Media and Manipulation."
SEGMENT 2:
Andy Borowitz is the author of "The Trillionaire Next Door: The Greedy Investor's Guide to Day Trading." He talks with Steve Paulson about the effect of the market's downturn on day-traders and we hear an excerpt from the book, read by Doug Gordon.
SEGMENT 3:
David Liss is the author of the novel "A Conspiracy of Paper," which is set in 18th century London. Liss tells Judith Strasser that paper was replacing land as the measure of wealth; that Jews were frequently involved in the new practice of stock-jobbing, or speculation, and that these social and economic changes made people very anxious. Also, Hernando de Soto tells Steve Paulson that wealth depends on a reliable legal infrastructure and that the world's "poor" actually have surprisingly large assets. DeSoto is president of a think tank in Peru called the Institute for Liberty and Democracy and is the author of "The Mystery of Capital."
Cassette copies are available at 1-800-747-7444. Ask for program number 01-01-21-A.
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