A Conversation with Galbraith

Harry Kreisler:

Welcome to a conversation with UC Berkeley’s 1986 Alumnus of the Year, John Kenneth Galbraith: Ph.D. in Agricultural Economics in 1934; Professor of Economics at Harvard for more than fifty years; writer and author of more than 20 books, including The New Industrial State and The Affluent Society, and one novel, The Triumph; price czar during World War II; Project Director in the strategic bombing studies after World War II; editor at Fortune magazine; advisor to President Kennedy; U.S. Ambassador to India during the Kennedy administration; a leader in the antiwar movement during the Vietnam War; past president of the American Economics Association.

I met Galbraith ever so briefly years ago.

A City of Great Magnitude

Janis Cooke Newman:

In April 1906, 70 years before my own first visit, Enrico Caruso also thought he was lucky to be here. The famed Italian tenor was supposed to be in Naples, but Mt. Vesuvius had erupted two weeks before, and Caruso thought he would be safer in San Francisco , where, after all, there are no volcanoes. “God has sent me here,” the singer declared before he went to bed the night of April 17. When he was shaken from that bed the following dawn, Caruso changed his opinion of the Almighty’s intent. “We are all doomed to die!” he shouted at his valet.

Jeanne Cooper chronicles the great quakes from 1906 to 2006.

The Great Quake – 1906 to 2006

Carl Nolte:

San Francisco, the ‘Paris of America,’ was booming with industry and culture — a Gold Rush city built in an instant. It was also a calamity waiting to happen.

This is the first of a 10-part retelling of the 1906 San Francisco earthquake — and its aftermath.

Samuel Dickson was 17 years old, almost a man, that April night in San Francisco 100 years ago. He and a friend had gotten standing-room tickets for the opera and heard the great Caruso sing.

The night was clear and beautiful, so after the opera they went to the top of Telegraph Hill to look at the city — the lights of the Barbary Coast, the steeple of Old St. Mary’s Church on California Street, the rounded domes of Temple Emanu-El on Sutter, the alleys of Chinatown and the distant gilded dome of City Hall.

Somewhat related: I wrote about my Loma Prieta (The “Pretty Big One”) experience here.

“The Origins of the Great War of 2007”

Niall Ferguson:

With every passing year after the turn of the century, the instability of the Gulf region grew. By the beginning of 2006, nearly all the combustible ingredients for a conflict – far bigger in its scale and scope than the wars of 1991 or 2003 – were in place.

The first underlying cause of the war was the increase in the region’s relative importance as a source of petroleum. On the one hand, the rest of the world’s oil reserves were being rapidly exhausted. On the other, the breakneck growth of the Asian economies had caused a huge surge in global demand for energy. It is hard to believe today, but for most of the 1990s the price of oil had averaged less than $20 a barrel.

Sort of a bolt of lightning as I’ve been reading Shirer’s the Rise and Fall of the Third Reich. I’m now entering 1939 in this amazing 1960 work. The look back with respect to opportunities missed is simply astonishing. I hope Ferguson is dead wrong, but one can see the seeds of war…