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THE WATCHDOG THAT DIDN'T BARK

THE FINANCIAL CRISIS AND THE DISAPPEARANCE OF INVESTIGATIVE JOURNALISM

As fair and balanced as a solar-plexus punch can be.

A Pulitzer Prize–winning journalist summarizes and analyzes the reasons the press, prior to the 2008 mortgage crisis, failed to pursue some obvious villains.

Starkman—an editor at the Columbia Journalism Review and a veteran newspaperman (Wall Street Journal, among others)—has both historical and analytical items on his agenda. He begins with Ida Tarbell, who wrote massive investigative pieces about Standard Oil for McClure’s at the turn of the 20th century, then sketches the history of the muckraking tradition, which has ebbed and flowed over the past century. He also offers some history of financial journalism, including the history of the WSJBarron’sBusinessWeekFortune, Forbes and others. Among the sundry heroes who emerge is Michael Hudson, a journalist who has focused on poverty issues since the early 1990s and whose name, efforts and accomplishments appear continually throughout the final two-thirds of Starkman’s text. Throughout, as well, the author returns to the distinction between “access” and “accountability” reporting—between stories that basically profile business leaders and present their views and investigative stories designed to bring into the light information that some (many? most?) in the business community would prefer to keep hidden. These two approaches, he shows, have waxed and waned over the years; unfortunately, they were on the wane in the years leading up to 2008. Starkman is careful, though, to credit individuals and publications that did see the looming problem, but, he writes, these stories were neither prominent nor pervasive enough to have a salutary effect. He notes the numerous causes of the problem—the rise of the Internet (and decline of newspapers), the barriers facing investigative journalists and the complexity of economic issues—though he can be obscure when he tries to explain derivatives and mortgage-backed securities.

As fair and balanced as a solar-plexus punch can be.

Pub Date: Jan. 7, 2014

ISBN: 978-0-231-15818-3

Page Count: 368

Publisher: Columbia Univ.

Review Posted Online: Oct. 27, 2013

Kirkus Reviews Issue: Nov. 15, 2013

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WHEN BREATH BECOMES AIR

A moving meditation on mortality by a gifted writer whose dual perspectives of physician and patient provide a singular...

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A neurosurgeon with a passion for literature tragically finds his perfect subject after his diagnosis of terminal lung cancer.

Writing isn’t brain surgery, but it’s rare when someone adept at the latter is also so accomplished at the former. Searching for meaning and purpose in his life, Kalanithi pursued a doctorate in literature and had felt certain that he wouldn’t enter the field of medicine, in which his father and other members of his family excelled. “But I couldn’t let go of the question,” he writes, after realizing that his goals “didn’t quite fit in an English department.” “Where did biology, morality, literature and philosophy intersect?” So he decided to set aside his doctoral dissertation and belatedly prepare for medical school, which “would allow me a chance to find answers that are not in books, to find a different sort of sublime, to forge relationships with the suffering, and to keep following the question of what makes human life meaningful, even in the face of death and decay.” The author’s empathy undoubtedly made him an exceptional doctor, and the precision of his prose—as well as the moral purpose underscoring it—suggests that he could have written a good book on any subject he chose. Part of what makes this book so essential is the fact that it was written under a death sentence following the diagnosis that upended his life, just as he was preparing to end his residency and attract offers at the top of his profession. Kalanithi learned he might have 10 years to live or perhaps five. Should he return to neurosurgery (he could and did), or should he write (he also did)? Should he and his wife have a baby? They did, eight months before he died, which was less than two years after the original diagnosis. “The fact of death is unsettling,” he understates. “Yet there is no other way to live.”

A moving meditation on mortality by a gifted writer whose dual perspectives of physician and patient provide a singular clarity.

Pub Date: Jan. 19, 2016

ISBN: 978-0-8129-8840-6

Page Count: 248

Publisher: Random House

Review Posted Online: Sept. 29, 2015

Kirkus Reviews Issue: Oct. 15, 2015

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THINKING, FAST AND SLOW

Striking research showing the immense complexity of ordinary thought and revealing the identities of the gatekeepers in our...

A psychologist and Nobel Prize winner summarizes and synthesizes the recent decades of research on intuition and systematic thinking.

The author of several scholarly texts, Kahneman (Emeritus Psychology and Public Affairs/Princeton Univ.) now offers general readers not just the findings of psychological research but also a better understanding of how research questions arise and how scholars systematically frame and answer them. He begins with the distinction between System 1 and System 2 mental operations, the former referring to quick, automatic thought, the latter to more effortful, overt thinking. We rely heavily, writes, on System 1, resorting to the higher-energy System 2 only when we need or want to. Kahneman continually refers to System 2 as “lazy”: We don’t want to think rigorously about something. The author then explores the nuances of our two-system minds, showing how they perform in various situations. Psychological experiments have repeatedly revealed that our intuitions are generally wrong, that our assessments are based on biases and that our System 1 hates doubt and despises ambiguity. Kahneman largely avoids jargon; when he does use some (“heuristics,” for example), he argues that such terms really ought to join our everyday vocabulary. He reviews many fundamental concepts in psychology and statistics (regression to the mean, the narrative fallacy, the optimistic bias), showing how they relate to his overall concerns about how we think and why we make the decisions that we do. Some of the later chapters (dealing with risk-taking and statistics and probabilities) are denser than others (some readers may resent such demands on System 2!), but the passages that deal with the economic and political implications of the research are gripping.

Striking research showing the immense complexity of ordinary thought and revealing the identities of the gatekeepers in our minds.

Pub Date: Nov. 1, 2011

ISBN: 978-0-374-27563-1

Page Count: 512

Publisher: Farrar, Straus and Giroux

Review Posted Online: Sept. 3, 2011

Kirkus Reviews Issue: Sept. 15, 2011

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