The Ascent Of Money: Safe As Houses:
It sounded so simple: give state-owned assets to the people. After all, what better foundation for a property-owning democracy than a campaign of privatisation encompassing housing?
An economic theory says that markets cannot function without mortgages, because it is only by borrowing against their assets that entrepreneurs can get their businesses off the ground. But what if mortgages are bundled together and sold off to the highest bidder? This week Professor Niall Ferguson explains how someone's bright idea to bundle together a bunch of sub-prime mortgages and sell them on, virtually brought down the world's financial markets.
Back Home:
This is the first and only film made by a 1994 Rwandan genocide survivor about his experiences, escape and return to his homeland. At the age of seventeen, J.B. Rutagarama was marked for murder by machete-wielding Hutu militias. Remarkably he survived, though dozens of his relatives were slaughtered. J.B. fled Rwanda alone, but along the way he met an American television crew who changed his life. They took him in, cared for him and eventually became his surrogate parents. They sent him to film school in England, where he graduated with honours. Afterwards he moved to New York City and began working as a studio cameraman. Then, 9/11 happened. What he saw that day brought all of his nightmares flooding back. As America struggled with its grief, J.B. felt compelled to face his own. He left for Rwanda to face the horrors of his past. In Back Home J.B. takes viewers on a very personal journey to witness his sorrow and surprising joy when he finds the person he loved the most is still alive. Through her, he could heal at last.