Thursday, January 29, 2009

Velshi Chairs ‘Money Summit’ to Examine Economic Challenges Facing President Obama

CNN Press Release - CNN chief business correspondent Ali Velshi leads a fast-paced panel discussion for CNN’s first “Money Summit,” which looks at a potential deep recession, a collapsing housing market, rising unemployment and exploding budget deficits at all levels of government. This Anderson Cooper 360° special, “CNN Money Summit,” airs on Friday, Jan. 30, at 11 p.m. (ET) and Saturday, Jan. 31 at 8 p.m. (ET)

Velshi and a panel of experts will explore the big questions facing President Barack Obama about the economic crisis using the latest on-air technologies and iReports to advance the conversation. The panel includes: Katie Benner, writer/reporter, Fortune; Telis Demos, writer/reporter, Fortune; David Gergen, CNN senior political analyst, Stephanie Mehta, assistant managing editor, Fortune; Amanda Gengler, writer, MONEY magazine; Jeanne Sahadi, senior writer,, Andy Serwer, editor, Fortune; and Walter Updegrave, senior editor, MONEY magazine.

The panel will discuss job creation, the housing mess and scandals and regulation in today’s economy. Additionally, they will consider the mythologies of the American Dream, particularly in terms of how the average consumer carries thousands of dollars in credit card debt and the national debt has soared to more than $10 trillion.

CNN Worldwide, a division of Turner Broadcasting System, Inc., a Time Warner Company, is the most trusted source for news and information. Its reach extends to nine cable and satellite television networks; one private place-based network; two radio networks; wireless devices around the world; CNN Digital Network, the No. 1 network of news Web sites in the United States; CNN Newsource, the world’s most extensively syndicated news service; and strategic international partnerships within both television and the digital media.

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