The NYC Fiscal Crisis Of The 1970s Has Some Important Lessons For Today
Odd Lots
Bloomberg
4.5 • 2K Ratings
🗓️ 26 February 2018
⏱️ 35 minutes
🧾️ Download transcript
Summary
In the 1970s, NYC teetered on the verge of bankruptcy. This crisis lead to the dismantling of the city's generous social safety net. On this week's Odd Lots podcast, we speak to Kim Phillips-Fein, historian and author of "Fear City: New York's Fiscal Crisis and the Rise of Austerity Politics." She walks us through what happened then, and what lessons it holds for fiscal politics today.
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| 0:00.0 | Thought Creators, the Podcast for Financial Experts, brought to you by FAB. |
| 0:08.0 | My guest today is Sarah Piersada Osmani, head of Sustainable Asset and Project Finance at |
| 0:13.4 | FAB. |
| 0:14.4 | FAB has committed to lend, arrange and facilitate up to US dollar 75 billion of |
| 0:20.2 | sustainable finance by 2030. |
| 0:23.0 | Plot creators. |
| 0:25.0 | The Podcast for Financial Experts brought to you by FAB. |
| 0:29.0 | Oseh County, Oklahoma is getting a lot of attention right now. |
| 0:34.3 | It's the setting of Martin Scorsese's latest film, |
| 0:37.8 | Killers of the Flower Moon. |
| 0:40.0 | The movies based on a book about the 1920s Osage murders, |
| 0:44.1 | when white men poured into Osage County |
| 0:46.4 | and killed Osage people for their oil wealth. |
| 0:50.1 | I'm Rachel Adams Heard, the host of InTrust, a podcast from Bloomberg and I Heart Media. |
| 0:56.0 | For over a year I was reporting a different story about other ways white people got |
| 1:02.1 | Osage land and wealth, and how a prominent ranching family in Osage County became one of the biggest landowners here. |
| 1:10.0 | Their ranching empire was built on land that at the turn of the century was all owned by the Osage Nation. |
| 1:17.0 | So how did they get it? |
| 1:19.0 | Listen to the award-winning podcast, Trust on the I Heart Radio app Apple |
| 1:25.3 | Podcast or wherever you get your podcast. Hello and I'm Joe Wiesenthaus. |
| 1:38.7 | Hello and welcome to another episode of the Odd Thoughts podcast. |
| 1:42.4 | I'm Tracy Allaway. And I'm Joe Wisenthall. So, Joe, it is firmly that time of year again. It's the time |
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