Act III. Towards a new balance: The shape of the new economic order
Joblessness and Inequality
Lawrence Katz, Elisabeth Allison Professor of Economics, Harvard University
James Owens, Former Chairman and Chief Executive Officer, Caterpillar
Steven Rattner, former Counselor to the Secretary of Treasury, US Treasury Department
Moderator: Matthew Bishop, US Business Editor and NY Bureau Chief, The Economist
Matthew Bishop is the U.S. business editor and New York bureau chief of The Economist. His new book, The Road from Ruin: How to Renew Capitalism and Put America Back on Top, with Michael Green, was published by Crown in February 2010. Philanthrocapitalism, his previous book (also with Mr. Green) was on the global revolution under way in philanthropy. Mr. Bishop is also the author of Essential Economics, The Economist's official layperson's guide to economics.
Lawrence Katz, Elisabeth Allison Professor of Economics, Harvard University.
James Owens, Former Chairman and Chief Executive Officer, Caterpillar.
Steven Rattner is the Chairman of Willett Advisors LLC, the investment arm for former New York Mayor Michael R. Bloomberg’s personal and philanthropic assets. In addition, he serves as the Economic Analyst on MSNBC’s Morning Joe and is a contributing writer to The New York Times Op Ed page. He previously served as Counselor to the Secretary of the Treasury and led the Obama Administration’s successful effort to restructure the automobile industry, which he chronicled in his book, Overhaul: An Insider’s Account of the Obama Administration’s Emergency Rescue of the Auto Industry.
Steven Rattner, former counselor to the Secretary of Treasury, thinks President Obama's recent jobs bill, while lacking, was his best compromise to get something passed in a Congress where "nothing is getting done."