camp weeknights. good evening. i m michelle cab rousso cabrera in for larry kudlow. public worker pensions will go untouched in the city of stockton. meanwhile, we re also finding out those new taxes in california aren t really just for schools. nope. big chunk of that money now going to pay for, you guessed it, retired teacher pensions. outside of california, though, things look a lot better. strong economic news, especially from the car companies. that helped push the dow back higher today. the rally has resumed. and a funny, snarky but bitter editorial by a high school senior who didn t get accepted to her dream colleges is all the rage on the internet. we re about to talk to a former dean of admissions at one top school who says the young author has hit the nail right on the head. the kudlow report starts right now. first, stockton, california running out of cash. the big question hasn t been answered. can the city get a break on what it owes to the state pension
particularly of the evidence that has surfaced from soviet sources in the last 20 years or so. although as a friend pointed out to me the other day, you can still get in trouble if you stand in the middle of certain sidestreets in upper manhattan and shouted out, alger hiss was guilty. [laughter] what s so strongly struck me in reading witness for the first time, however, i think was less how well it holds up in the light of recent scholarship. that i had expected. what i had not expected in reading this book were what seemed to me a number of theory similarities between the personalities of whittaker chambers and demand that i have spent a lot of time with recently, not just recently, for the last three decades, george f. kennan. these reside i think in the fact that neither chambers nor can fit categories. they did not fit the compartment. it did not fit the pigeonholes that we too easily seek to put personnel is if you. it just didn t fit. cannon house wrote of chambers,
wharton, had a distinguished preachers fellowship and publishes a journal of which he was a founding editor of international finance and is a scholar s journal for scholars. alan greenspan when he tells me he read mathematical pieces, the places he published his men s journal. he said there s only four people understand them and they all read his journal. my second observation is based, having said that about the journal, the book is remarkably readable and is a fascinating, fascinating tale about the creation of the imf in the world bank, a particular moment in time. it s a tale about economic policy debates of enormous importance. and it is a tale about john maynard keynes and harry dexter white and benn prints purchased the both of them. it is new and i have been aware of before. but i just find this out by saying benn scott reviews in the new york times that most often people would trade their souls for. but be that as it may, there s bargains worth making. in that even
good evening, i am bradley graham, co-owner of politics and prose bookstore with my wife melissa. over half of the entire staff i would like to welcome you to the store. those of you who are regular customers know that how much we appreciate gathering like this. tonight s event is just one of nearly 500 author talks that we host in the store each year. part of what we consider our central mission, which is not just selling books, but promoting the discussion of literature and ideas. in that same spirit, we have been expanding our in course offerings in recent months, and we continue to support dozens of book clubs. if you are new to the store and want to find out more about what we do, you can sign up later at the information desk back in the center of the store, to receive our weekly e-mail newsletter. it contains the calendar of events, listings of our classes and programs, staff favorites, and other useful information. or you can go to our website at www.politics pros
people a few things they hadn t heard before. but i ve been excluded from it because i m told i m an extremist. um, i tend to refer to the president of the united states as a stealth socialist, and that s considered extremism. though actually, i think, i ought to appear hat in hand before cnn and ask them which words in the vocabulary i m allowed to apply to the stealth socialist, if we re amongst friends. [laughter] but at any rate, i d like to make a few observations about my new book, um, the death of liberalism. historic eras have a habit of slipping away with few people noticing their passing. the holy roman empire had lost its hold on the potentates of europe, yet it was years before anyone discerned that the empire was no longer holy or roman or even an empire. there were a lot of colorful uniforms around, and even helmets and ceremonial swords. but no one took any notice of them, not even the swords. the empire had regressed to a gaggle of municipalities and, later,