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The Financial Crisis and the Loss of America's Global Leverage

“Dual crises in economic and diplomatic circles are bearing down on America,” says David Sanger in his first book, The Inheritance: The World Obama Confronts and the Challenges to American Power, an analysis of the Bush administration’s legacy and the nation’s current challenges. How President Obama reacts to these conditions will determine America’s future economic health and position in the world.

Writing about President Obama’s economic stimulus package, Sanger says, “When Roosevelt took America down new roads, he financed it at home. Mr. Obama does not have that luxury: He must persuade not only Congress and the public but also world financial markets, which must decide whether — and at what interest rate — they are willing to finance his plan. That is the three-dimensional chess game the administration must play as it tries to mount the biggest economic rescue plan in more than seven decades.”

The lecture begins at 7:30 p.m. on Jan. 14 at the Mayer Theatre. General admission tickets are $25 each;tickets for faculty, staff, and members of the Osher Lifelong Learning Institute are $20 each; andSCU student tickets are free, but student seats are limited.

For more information or to order tickets, visit the President’s Speaker Series Web site.

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