p.m. and 11:00 p.m., eastern and pacific. i ll give you a preview later in the show. plus, america s amazing energy boom and how it will reshape global politics. and finally, an african success story. i ll talk to rwanda s president, paul kagame. it s been graduation season in the united states and i was honored enough to be asked to provide some words of advice at two universities this year, duke and harvard, where i got my ph.d. many of you have been interested in what i said at those events so i thought i would give you a quick summary. this has been a tough year mostly everywhere, but i am less gloomy than most. i think back on the crises we have already come through. remember the fears after the financial crisis began in late 2007? in the 12 months following, the economic peak in 2008, industrial production fell as much as it did in the first year of the great depression. equity prices and global trade actually fell more. yet, no global depression followed. or reme
if he succeeds, he charts a path out of the crisis for other countries. then iran. it s in dire economic straits for a very different reason. we have another exclusive. this one with iran s finance minister about just how crippling u.s.-led sanctions have been for his nation. next up, a conversation with paul krugman. the biggest question in the world today is whether to spend or whether to cut. krugman is the leading voice saying stimulate. i ll ask him to defend his views. all that plus superstitions in the race for space. but, first, here s my take. everyone is worried that greece might default on its national debt. that s really not news. by one estimate and the 180 years since greece gained its independence from the ottomans in 1832, the country has been in default or restructuring for half that period. the news is that this time, germany is willing to bail greece out. throughout the euro zone crisis, it has been conventional wisdom to regard the germans as narro
we have another exclusive. if one with iran s finance minister about just how crippling u.s.-led sanctions have been for his nation. next up, a conversation with paul, the biggest question in the world today is whether to spend or whether to cut. krugman is the leading voice saying stimulate. i ll ask him to defend his views. all that plus superstitions in the race for space. but, first, here s my take. everyone is worried that greece might default on its national debt. that s really not news. by one estimate 180 years since greece gained its independence in 1832 the country has been in default or restructuring for half that period. the news is that this time germany is willing to bail greece out. throughout the euro zone crisis it has been conventional wisdom to regard the germans as narrow-minded, ungenerous, and dog matticly wedded austerity to treat europe s problems. these criticisms are vastly overstated. consider that germany is being asked to take its taxpayers oh mon
why lyndon baines johnson could get things done in washington and the lessons for today. and is china changing from a company into a country? i ll explain. first, here s my take. whatever you thought of president obama s speech on afghanistan this week, it is now increasingly clear that the united states is winding down its massive military commitments to the two wars of the last decade. we are out of iraq and we will soon largely be out of afghanistan. osama bin laden is dead, al qaeda is a shadow of its former self. threats remain, but they are being handled using special forces and intelligence. so finally, after a decade, we seem to be right-sizing the threat from terrorist groups. or are we? while we leave the battlefields of the greater middle east, and we are firmly committed to the war on terror at home. what do i mean by that? well, look at the expansion of federal bureaucracies to tackle this war. since september 11th, 2001, the u.s. government has created or re
world. i m fareed zakaria. we begin an important show with the most important topic today. the economy. to talk about it, we have no lesser an authority than president obama s top economic advisor, that s gene sperling, director of the national economic council. why isn t employment picking up? we ll ask him. then we ll go global. who should be the next president of the world bank? should it be an american, as always, or should it be opened up to emerging economies, in asia, africa, south america, nigeria s finance minister says she should be the bank s next leader, and she has some very influential supporters. we will talk to her. also, the new kind of warfare we re seeing pop up more and more. dirty wars. that s what the new york times s jeffrey getleman calls them, and we ll talk to him about it. first, here s my take. as many regular viewers know, i have been following the tense back and forth with iran very closely. i continue to believe it is the single most dange