BTS 11/05/07: MCI Worldcom Collapse; Studs Terkel

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We begin with Walter Pavlo Jr. and Neil Weinberg who talk about their new book Stolen Without a Gun, the inside story of history's biggest accounting fraud and collapse of MCI WorldCom. Their story is playing out again today in headlines about the collapsing mortgage market, taking big banks with it.

We then talk to master storyteller, legendary broadcast journalist, actor, commentator, author and gadfly Studs Terkel, who at age 95 has published his own memoir, Touch and Go. It is filled with hope, history, humor and many stories of ordinary lives making a difference. Studs Terkel laments our lack of a sense of history and calls the USA the United States of Alzheimer's.

And finally, Wednesday November 7 marks the 90th Anniversary of the Russian October Revolution, the world's first successful socialist revolution. For 80 years the revolution was attacked in the West, denigrated, distorted beyond recognition and consigned to the dustbin of history. Ten years later it is treated as an irrelevance. Despite what it turned into, the Russian Revolution was a transcendent historic event: it advanced the demands of the French Revolution for liberty, equality and fraternity, conscious demands to end alienation which were subverted -- and had as it goal the ending of exploitation and the dismantling of hierarchy.

Read More for info on tonight's guests:

1. Walter Pavlo Jr. is a nationally recognized speaker on white-collar crime. His audiences have included the FBI, Fortune 500 corporations, leading accounting and law firms and professional societies. A former mid-level MCI Communications executive, Walt pleaded guilty to embezzling $6 million from his employer and served two years in federal prison. His cautionary tale about his slide from respected manager to convicted felon has been featured in Forbes, the Wall Street Journal, the New York Times, USA Today, on National Public Radio and ABC's Nightline.

2. Neil Weinberg is a Senior Editor for Forbes magazine.

3. Studs Terkel is also a bestselling and Pulitzer Prize winning author of twelve books including Working, Hard Times, The Good War and others, all published by The New Press. Terkel is well known for his radio program titled "The Studs Terkel Program" that aired on 98.7 WFMT Chicago between 1952 and 1997. Terkel tells us he has been an “eclectic disc jockey, a radio soap opera gangster; a sports and political commentator; a jazz critic; a pioneer in TV, Chicago style; an oral historian and gadfly. He is a Distinguished Scholar-in-Residence at the Chicago Historical Society.