Planet Money's Chana Joffe-Walt has this story about a really ambitious million dollar idea: Getting people to see the good side of death. Planet Money is a collaboration between NPR and This American Life.
Adam Davidson and Chana Joffe-Walt from Planet Money follow one Haitian farmer, with the modest crop of two mango trees, through a byzantine system of aid agencies, NGOs, and government bureaucracy as the farmer tries the impossible—to get some plastic milk crates to store and transport her mangoes. Planet Money is a co-production with NPR News.
David and Chana meet another toxic asset owner, like themselves. Only difference, David and Chana bought theirs after it was already toxic, for a steep discount, 99% off.
David and Chana buy a toxic asset, from a guy named Wit Solberg, who used to work on Wall Street and now helps small banks who've been saddled with toxic assets. Turns out...it's hard to buy a toxic asset.
Host Ira Glass explains how the Planet Money team spent a thousand dollars of their own money to buy a toxic asset, and introduces Planet Money reporters David Kestenbaum and Chana Joffe-Walt. Their stories about "Toxie" have appeared on the Planet Money podcast and daily public radio news shows, and are collected here for the first time, into one epic, Dickensian tale.
Jack Hitt has spent the last two years watching the Obama administration lose the news cycle and war of soundbites to Republicans day after day. Watching the Democrats run away from issues like health care reform and middle class tax cuts, Hitt wonders if there is some secret long-term master plan the Democrats are deploying, or if they're just incompetent.