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<P>Cambridge Forum<A name=4></P></B></FONT><FONT face="Humanst521 Lt BT" size=1>
<P>3 Church Street</A> </FONT><FONT face="WP TypographicSymbols" size=1>!</FONT><FONT face="Humanst521 Lt BT" size=1> <A name=5>Cambridge, MA 02138</P>
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<P>Best-selling author KEVIN PHILLIPS discusses</P></FONT><FONT face="Humanst521 Cn BT" size=5>
<P>BAD MONEY: The Global Crisis of American Capitalism</P></FONT><FONT face="Humanst521 Cn BT">
<P>7:30 p.m., Tuesday, April 15 2008 </P>
<P>Cambridge Forum </P>
<P>3 Church Street (Harvard Square)</P>
<P>Cambridge, MA 02138</P></FONT><FONT face="Humanst521 Cn BT" size=4></FONT><FONT size=4>
<P>Free and Open to the Public</P></FONT><I><FONT size=4>
<P>Press Release</P></I></FONT><FONT face="Humanst521 Cn BT" size=4></FONT><FONT face="Humanst521 Cn BT" size=6>
<P></B></FONT><FONT size=3>Subprime lending. The housing bubble. A falling dollar. Imploding credit. Just how bad is the American financial situation? Author <B>Kevin Phillips</B> argues that "bad money has driven out good," in his most provocative book yet, <I>Bad Money: Reckless Finance, Failed Politics and the Global Crisis of American Capitalism</I>. Analyzing the domestic upheavals and the global dangers resulting from the rising influence of Wall Street over the past twenty years, Phillips demonstrates how every aspect of American life–from political campaigns to regulatory legislation, from the cost of oil to the cost of food–has been put at risk by the "bad money" that has come to dominate the U.S. Gross Domestic Product. How can the nation extricate itself from its current dilemmas? Where is the political will to solve our economic problems? How painful will the coming "correction" be–for individual citizens and for a nation that finds itself dependent on, rather than driving, the global economy? </FONT></P>
<P><B>Kevin Phillips</B>, a former Republican strategist, has been a political and economic commentator for more than three decades. He is currently a regular contributor to the <I>Los Angeles Times</I> and National Public Radio and also writes for <I>Harper’s Magazine</I> and <I>Time</I>. He has written thirteen books, including <I>The New York Times</I> bestsellers <I>American Theocracy </I>and <I>American Dynasty. </P></I>
<P>Audience discussion, moderated by <B>Richard Parker</B> of Harvard’s Kennedy School of Government, follows the presentation. Copies of Phillips’s book will be for sale at the event courtesy of Harvard Book Store. Events are taped and edited for public radio broadcast throughout the nation. Edited CDs are available to the public by contacting 617-495-2727. Select forums can be viewed in their entirety on demand by visiting our website at <A href="http://www.cambridgeforum.org/"><U><FONT color=#0000ff>www.cambridgeforum.org</U></FONT></A> and clicking on the WGBH Forum Network.###</P></BODY><pre>
Cambridge Forum
3 Church Street
Cambridge, MA 02138
Phone/fax: 617-495-2727
email: mailto:director@cambridgeforum.org
website: http://www.cambridgeforum.org
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