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This is the FT’s business and economics news podcast produced in New York. FT hosts and guests discuss new topics each week – and with more wonkiness, humour and irreverence than you’ll find anywhere else.
Arlie Russell Hochschild, a sociologist at Berkeley, spent five years in the Louisiana bayou researching her new book, Strangers in Their Own Land: Anger and Mourning on the American Right. An excerpt from the book was published in Mother Jones last week, and we spoke to her on the phone just before the Labor Day break. I’ll write more about the interview and about Trump supporters in a later post. Read more
Guest: Guy Debelle, assistant governor (financial markets), RBA Read more
Going bust is painful. But when you are a country it is particularly awful.
While people and companies have recourse to established legal frameworks that govern their bankruptcies, struggling countries have to tackle debts in what is close to a legal limbo.
As a result, both countries and their creditors are uniquely vulnerable. The former have no formal bankruptcy protection that it can use for an orderly restructuring of its debts, but the latter have few ways to compel a stubborn state to heel (at least in the post-gunboat diplomacy era). The result is a delicate balance — and when it breaks down, it can lead to an unholy mess. Read more
Introduction — preview of longform interview with Emily Oster
[00:00 – 8:18] Read more
Here comes Super Tuesday
[01:18 – 07:51] Read more