articles tagged "8 O'Clock Buzz"
Wednesday, 20 March 2013 | buzz
Host, Jan Miyasaki, of the Wednesday morning, 8 O’Clock Buzz, was joined by Charles Ornstein, is an investigative journalist for ProPublica. more »
Friday, 25 January 2013 | buzz
HELAINE OLEN joins Jonathan Zarov for the 8 O’ Clock Buzz on Friday, January 25, 2013. She is the author of Pound Foolish: Exposing the Dark Side of the Personal Finance Industry, which will be published by Penguin’s Portfolio imprint on January 2, 2013. “THE odds are good that you haven’t yet given up on your New Year’s resolutions and that one of them is to swear off those expensive cappuccinos and save money for your old age. That’s a typical suggestion from finance gurus, who say we can add thousands of dollars annually to our nest eggs by eliminating such wasteful spending. But deciding to take your lunch to work or to cancel your cable television won’t help nearly as much as you’d think. For all the attention we pay to overspending, we struggle with our personal finances not because we spend too much money on small luxuries but because salaries have stagnated at the same time as the costs of nonluxuries have gone up. Even as the average household net worth plunged by almost 40 percent between 2007 and 2010, the cost of everything from health care to housing has risen for decades at rates well beyond that of inflation. Almost half of us are living paycheck to paycheck, barely able to save a penny. In fact, it’s long been known that the majority of bankruptcies result from health issues, job losses and fractured families, something no amount of cutting back can protect against. One of the main reasons we need to borrow money is college loans. Our collective student loan debt is more than $1 trillion, a sum greater than both our credit card debt and our auto loans. The student loan debt problem is basic: college tuitions have increased at more than quadruple the rate of inflation since the 1980s. If you’re a parent, good luck saving for that expense. It’s a primary reason students who borrow money (some two-thirds of all undergraduates) now graduate with an average of $26,600 of debt. That, in turn, will make it harder for the next generation to save. Those who do manage to save still cannot save as much as they need. According to the Center for Retirement Research at Boston College, the average baby boomer had $42,000 in his retirement account in 2010. That won’t go far toward meeting an average couple’s future health care costs: $240,000. And while financial planners often advise older people …. more »
Wednesday, 12 December 2012 | buzz
On Wednesday December 12, host Jan Miyasaki spoke with Sebastian Rotella, an award winning foreign correspondent and a senior investigative reporter at ProPublica, Sebastian Rotella. Prior to working at ProPublica, Sebastian worked for the L.A.Times for twenty three years. He has most recently been focusing on changes in immigration patterns, especially migrants coming in to the United States from south of the Mexican border, a group that is often not focused on. Says Sebastian, “Overall illegal immigration has gone down a lot, even though sometimes the political debates make it seem like it’s out of control. And the proportions have changed – what my story shows is that although Mexicans are still the biggest group that crosses, the proportions have changed dramatically.” Sebastian explains that the number of Central Americans crossing into the U.S. has substantially risen, especially those from Honduras, Guatemala, and El Salvador, countries especially faced with violence and poverty. The demographic of this group is largely young adults who are traveling alone. While there are relatively fewer obstacles to face when crossing into the Southern Mexican border, the migrants face numerous problems at the Mexican-American border, where they are highly vulnerable to extortion, robbery, rape and murder by gangsters, smugglers, and corrupt officials. The Mexican drug cartels also play a heavy role in the thriving smuggling business.Sebastian explains that many of the youth are escaping the environment of violence from their hometowns, but only encounter more violence at the hands of those networked around the smugglers. He describes a situation of “systematic recruitment” by the drug cartels at the border. Sebastian had interviewed two individuals from Ecuador, Marco and his wife, who paid $11,000 per person to come to New York, “They move through a very loose but highly organized network – they were given a phone number and a codeword… They started in Ecuador, and went to Honduras where they stayed at a safe house, to Guatemala, and then to Mexico.” At Mexico, they had been placed on a train alone where they got caught by Mexican officials. Sebastian explains that although they were disappointed, the couple was also relieved that they did not have to go through the most dangerous part of the smuggling process that was still to come at the Mexican-American border. The detention centers, Sebastian describes, were packed fully with migrants from across Central America and Mexico who were caught. After the migrants are discharged from …. more »