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Title: The Bob Edwards Show, Louis Hyman and Doyle McManus, February 3, 2012
Author: Bob Edwards
Format: Original Recording
Length: 57 mins
Language: English
Release date: 02-03-12
Publisher: XM Satellite Radio
Genres: Radio & TV, Great Interviews
Publisher's Summary:
Doyle McManus, Washington columnist for the Los Angeles Times joins Bob to discuss the latest political news.
Next, until the early 20th century, borrowing money for personal use was done at the fringes of the economy because under the usury laws of the time it was not profitable. But by the 1920s, personal debt began to be a mainstream part of American life. Now we are a nation deep in debt. The average American has $15,000 in credit card debt - and then there are mortgages, car notes and student loans. In Borrow: The American Way of Debt, economist Louis Hyman explains how personal credit created the middle class and almost bankrupted the nation.
Then, in this weeks installment of our ongoing series This I Believe, we hear the essay of Opal Ruth Prater. When a marriage ends early because of an unexpected death, the surviving partner is often devastated. Praters husband died 15 years ago, and shes never stopped loving him. Prater says her husbands death affected their family greatly, but his life impacted it more. She finds his spirit both in her memories and in the eyes of their four children. [Broadcast Date: February 3, 2012]