In the months following the onset of the financial crisis and economic recession, many reporters focused on the adjustments of Wall Street and top-level executives.
Peter Goodman, meanwhile, set his sights on uncovering how Main Street was suffering. In his new book, Past Due: The End of Easy Money and the Renewal of the American Economy, Goodman argues that despite the current dire circumstances in communities across America, economic adaptation is possible. Listen to Goodman's insights on the new industries and policies that could make this adaptation a reality, what effects this adaptation will have on U.S. companies and workers, and how America's role in the global economy is shifting as a result.
Peter S. Goodman has been a national economic writer for the business section of The New York Times since October 2007. He was part of the team that produced "The Reckoning," a 2008 series that explored the roots of the financial crisis, which won a Loeb Award and was a finalist for a Pulitzer Prize. Previously, Goodman was the Shanghai-based Asian economic correspondent for The Washington Post, where he spent a decade. He received a Citation for Excellence from the Overseas Press Club for stories from China about the tensions generated by market-embracing reforms.
Recorded Thursday, October 01, 2009 at The Chicago Club.