- Playing
- KERA Commentary: Language of Business
- From
- KERA
Veteran print and broadcast joiurnalist Lee Cullum considers three words (risk, bet and innovation) as examples of the mistakes business leaders have made that contributed to the current weakened economy.
More from KERA
KERA Commentary: Empty Nest
(03:07)
From: KERA
Writer Chris Tucker describes how sending a child off to college feels like receiving a "pink slip" as a parent.
Think: Hal Holbrook
(48:07)
From: KERA
What is required for an actor to successfully transform themselves into a character, over and over again? We spent this hour with Emmy Award winner and Academy Award nominee ...
KERA Commentary: GOP Dilemma
(02:56)
From: KERA
Commentator Lee Cullum considers the role of evangelicals in the race for the Republican presidential nomination.
KERA Commentary: Swan Lake
(03:17)
From: KERA
Writer Rawlins Gilliland on the merits of time spent alone.
KERA Commentary: The New Normal
(03:18)
From: KERA
Writer Chris Tucker on how we might benefit from recession-driven changes in how we buy, shop and save.
KERA Commentary: Political Women
(03:44)
From: KERA
Reflection on the media's treatment of Hillary Clinton and Sarah Palin in 2008.
KERA Commentary: Six Degrees of Obama and McCain
(03:06)
From: KERA
How the "six degrees of separation" concept is playing out in political campaigns.
KERA Commentary: Changing American Political Debates
(03:11)
From: KERA
Commentary on how the presidential debates could be improved.
KERA Commentary: Accuracy in Hispanic Polling
(03:18)
From: KERA
Common errors made in polling of Hispanics
KERA Commentary: The Flip-Flop Test
(03:26)
From: KERA
What separates a "flip-flop" from a valid change of mind
Related Pieces
Piece Description
Veteran print and broadcast joiurnalist Lee Cullum considers three words (risk, bet and innovation) as examples of the mistakes business leaders have made that contributed to the current weakened economy.
Broadcast History
"Language of Business" by Lee Cullum aired 7/18/08 during Morning Edition on KERA 90.1 Radio.
Transcript
As we grope our way through yet another economic crisis, it?s important to ponder the lessons of this catastrophe because it didn?t have to happen. The price of oil is beyond our control, but the housing and credit calamity was made in America by Americans, mainly on Wall Street, who got carried away with their own financial acumen. Then everything ?turned to ashes in their hands,? to quote F. Scott Fitzgerald. Those lessons lie in the language of finance. Especially revealing are three little words.
The first is risk, which has been trivialized to the point that it has no meaning anymore. Forgotten is the adage that to risk your fortune?or somebody else?s-- is to gamble, and it is critical first to assess the odds. But some have been so busy pricing risk, managing risk, diluting risk that they failed to notice, or even to care, what their vulnerabilities really were. They know now, an...
Read the full transcript
Timing and Cues
Suggested Intro: Every day, of late, seems to bring more bad news about the economy. But commentator Lee Cullum believes much of this crisis could have been avoided.
Tag: Lee Cullum is a veteran print and broadcast journalist from Dallas.
Related Website
