April 2010 Archives

The Transformative Power of Art

Rafael Yglesias with Madelon Sprengnether - April 20, 2010 - Described by The New York Times as "one of America's most prominent novelists," Rafael Yglesias is a screenwriter and the author of nine novels. His novel Fearless was made into a 1993 major motion picture, for which he also wrote the screenplay. After a 13-year absence, his latest novel, A Happy Marriage, has just been published to rave reviews. Yglesias's film Fearless was the subject of a chapter in Madelon Sprengnether's acclaimed book, Crying at the Movies: A Film Memoir. A faculty member in the University of Minnesota English Department, Sprengnether is a Regents Professor, the highest honor bestowed on University of Minnesota professors.

The New Frugality

For the past decade, American consumers have been engaged in a credit-fueled spending binge, lured into an inflated sense of wealth by soaring home values and record-breaking stock prices.

By the time of the financial meltdown, personal debt stood at a staggering $13.8 trillion--nearly $125,000 per household. The ensuing economic crisis accelerated two concurrent national trends of frugality and sustainability.

Now, according to Federal Reserve Chairman Ben Bernanke, "The Great Recession" is technically over. Following every recession since World War II, penny pinching quickly fell out of fashion as Americans returned to their previous spending habits. Will this time be different? As the economy recovers, will we continue to practice a sustainable lifestyle that's as good for the planet as it is for our bank accounts?

On April 1, hear from award-winning journalist and respected personal finance expert Chris Farrell as he explains the theory and practice of "The New Frugality."

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