Every week, Kerri asks the Roundtablers what they are reading. Here are the books mentioned by today’s guests:
Repa Mekha is reading “Black Man Emerging,” by Joseph L. White and James H. Cones III.
Nekima Levy-Pounds is reading a history of the Brown v. Board of Education ruling called “Simple Justice,” by Richard Kluger.
It’s the 60th anniversary of the landmark Supreme Court decision.
Michael Milken argues in a column in the Wall Street Journal that the U.S. government is encouraging Americans to invest in a big house rather than their future.
Uniquely among nations, the U.S. gives mortgage borrowers a trifecta of benefits: extensive tax advantages, no recourse against the borrowers’ nonresidential assets if they walk away, and typically no protection for the lender if the borrower prepays the loan to get a lower rate.
He goes on to explain how Americans have misused these advantages.
In the housing-boom decade before 2007, many buyers decided that the largest-possible house (with an equally large mortgage) was a better idea than a retirement fund or their children’s education.
By contrast, according to CLSA Asia-Pacific Markets, middle-class households in 11 Asian nations spend an average 15% of income on supplemental education for their children—nearly as much as the 16% spent on housing and transportation combined. Americans spend only 2% on supplemental education and 50% on housing and transportation. For American home buyers taking on big loans, there was no margin for error if they lost their job or the roof leaked.
You can read his entire (concise) critique of housing policy here.
Here’s an infographic from the BBC illustrating housing sizes, measured in square meters, in different countries.
Every week, Kerri ask our Roundtable guests what they are reading. Here are the books mentioned today:
Tom Scheck: “The Orphan Master’s Son,” by Adam Johnson.
Patricia Lopez: “A Fighting Chance,” by Elizabeth Warren.
Steve Perry: “The Whole Story of Climate,” by E. Kirsten Peters, and “What We Know About Climate Change,” by Kerry Emanuel.
“Americans overall spend over six billion hours and $168 billion every year to file their returns.” Read more →
3 book picks from Roundtable guests
Two novels and two works of non-fiction including a biography of a beloved American artist. Read more →
David Stuart MacLean — the author of the wonderful new memoir, “The Answer to the Riddle is Me” — offers his recommendations for great books to get you through the rest of winter. If you missed David on The Daily Circuit this week, take a listen here. His story will make you grateful for all your Read more →
The Guardian’s Heidi Moore – a frequent guest on The Daily Circuit – published an op-ed piece last week on why she’s decided to boycott broadcasts of the Sochi Olympics. While most of us are tuning in to follow everything from figure skating to the luge competitions, Moore argues that Russia’s stance on gay rights and the Read more →
These were recommended by our guest, writer Nicole Helget. Read more →
One of Sarah Walker’s clients recommended that she read “A Long Way Gone,” the memoir of a former child soldier from Sierra Leone named Ishmael Beah. David Sheff is reading “Unbroken,” which he calls “insanely exciting to read.” It’s the story of a man who survived a World War II prison camp. He’s also reading Read more →
This column from Slate about the mantra of “do what you love” caught the eye of one of our producers, Meggan Ellingboe. Meggan also works as a yoga instructor, a profession that a lot of people fantasize about pursuing as a career. But unless you have a spouse to support you, Meggan said, it’s tough Read more →