American Economy

Sociologist and foremost authority on urban poverty William Julius Wilson. He was with the University of Chicago for 24 years before becoming the Malcolm Wiener Professor of Social Policy at Harvard. His new book is "When Work Disappears: The World of the New Urban Poor" (Knopf). He looks at how joblessness has affected inner city neighborhoods. He says that the consequences of high joblessness in the inner city are more devastating than those of high neighborhood poverty.

Pulitzer Prize winning Philadelphia Inquirer reporters Donald Barlett and James Steele. "Barlett and Steele" as they are often referred to in Philly, are writing a new ten part series in the Inquirer titled "Who Stole the Dream?" Barlett and Steele say American public policy is largely to blame for why many American jobs have been sent overseas. Barlett and Steele will publish these stories in book form later this year.

Economist Geoffrey Faux iss president of the Economic Policy Institute, and is a contributor to the New York Times, Harper's, the Washington Post, and the Wall Street Journal. His new book is "The Party's Not Over: A New Vision for the Democrats."

Robert Rector is a policy analyst at the conservative think tank, the Heritage Foundation. He is credited wiith being the driving force behind the rightward swing of the newest GOP welfare reform. He believes the welfare system creates illegitimacy, and that, "the more you spend [on welfare] the more clientele for the programs you create." He also believes to bring people out of their "behavioral poverty," they need to work for their assistance.

William Greider is a political reporter for Rolling Stone Magazine. His most recent contribution is titled, "Why the Rich Get Richer." Greider speaks with Terry about his most recent article, the status of our economy, and the just announced interest rate hike. Greider is also author of two best-selling books "Secrets of the Temple" and "Who Will Tell the People: the Betrayal of American Democracy."

Tonight, PBS debuts the documentary series, "America's War on Poverty: Untold Stories from the Front Line." The five-part series examines President Lyndon Johnson's War on Poverty, which he declared during his State of the Union Address in January 1964. It included programs like Head Start, and Job Corps. Terry will talk with Executive Producer Henry Hampton and journalist and consultant Nicholas Lemann.

Part Two of the interview with journalists Donald Barlett and James Stelle. Their reports from the front pages of the "Philadelphia Inquirer" later became the book "America: What went Wrong"; it was a bestseller for eight months, and added fuel to the fire of the 1992 Election. Their new book of investigative reporting is "America: Who Really Pays the Taxes?" (Simon & Schuster).

Journalists Donald Barlett and James Steele. Their reports from the front pages of the "Philadelphia Inquirer" later became the book "America: What went Wrong"; it was a bestseller for eight months, and added fuel to the fire of the 1992 Election. Their new book of investigative reporting is "America: Who Really Pays the Taxes?" (Simon & Schuster). They argue the middle class has been soaked by the current tax system; that the same dollar earned by a neighborhood grocer is taxed more than if it was earned by a foreign corporation doing business here.

James Fallows is the Washington editor of "The Atlantic Monthly." He has a new book, "Looking at the Sun," (Pantheon) to be published in February about the Asian economy. He's written a three part series of articles drawn from the book in the Atlantic (the last one appears in the Jan 94 issue).

Executive Vice President of the National Committee to Preserve Social Security and Medicare, Max Richtman. Terry will talk with him about how Clinton's budget proposal will impact Social Security and Medicare. Richtman is critical of Clinton's plan to raise the tax on Social Security benefits.