Summary: The first 24 hours after a city declares bankruptcy, there’s a reckoning: what gets to stay and what has to go. Frank Shafroth (George Mason University) walks us through what it’s like when a major city goes bankrupt and gives insight into the future of Detroit. And: While some people see social media as a waste of time, Lori Underwood (Christopher Newport University) believes that it could be our best bet to end the war on terror. Later in the show: In his novel Tomorrow City, Kirk Kjeldsen (Virginia Commonwealth University) tells the story of an ex-con who is trying to reinvent himself in a new place. The backdrop for the story is Shanghai, a city that has perhaps reinvented itself more than any other city in history. Kjeldsen recently moved to Shanghai, a city he describes as “more American than America.” And: Everyone in America—from consumers to businesspeople—should understand what’s happening in China. That’s the message from economist and former Reagan advisor Deborah Hewitt (College of William and Mary). Hewitt says the changes taking place in China will affect the choices Americans make in managing their businesses and households.
