The William Greenleaf Eliot Society held its 52nd annual dinner April 18 at the Ritz-Carlton hotel in honor of Washington University in St. Louis’ group of committed supporters. Eliot Society members generously give to the university and lead in supporting the annual fund. Members help the university address a broad range of critical needs including scholarships, student assistance programs, educational resources and faculty development. 

Poverty activist, social entrepreneur and author, Mauricio Miller, talks about his book The Alternative with EconTalk host Russ Roberts. Miller, a MacArthur genius grant recipient, argues that we have made poverty tolerable when we should be trying to make it more escapable. This is possible, he argues, if we invest in the poor and encourage them to leverage their skills and social networks. Miller emphasizes the importance of self-determination and self-respect as keys to helping the poor improve their own lives.

From September 3, 1929, to July 8, 1932, the Dow Jones Industrial Average fell by -89.2%, though certainly not in one fell-swoop. In fact, the decline known as the "1929 Crash" took the Dow down by an initial -47.9%, setting a trough on November 13, 1929. That initial decline was followed by a 48.0% recovery that peaked on April 17, 1930, leaving the Dow still -22.9% below its bull market high, because that's how compounding works. By the 1932-low, the Dow had plunged -86.0% below its April 1930 peak, and -79.3% below even the "bottom" it set in November 1929 after losing nearly half of its value.

Hoover Institution fellow John Yoo discusses whether President Trump can prevent Mueller from testifying before House Judiciary Committee tentatively set for mid-May.