In this conversation, Howard Marks, co-chairman of Oaktree Capital Management, discusses the current state of the U.S. economy and the implications for Long Island businesses. He shares insights on distressed debt, market bubbles, and the importance of philanthropy in the East End community. He also explains the difference between the current state of cautious optimism versus the big bubbles seen in the late 60's and late 90's.

Read "The Memo" here.

Democratic Congresswoman Laura Gillen joined Diane Masciale to talk about serving her first term in Congress and representing Long Island's 4th Congressional District. Prior to her role in Congress, Gillen worked as a lawyer and in Nassau County politics.

WLIW-FM has also invited the other congressional leaders of Nassau and Suffolk County to join us for conversations and we hope to bring these to our listeners soon.

This interview was recorded February 7, 2025, and has been edited lightly for clarity.

Join us for a conversation about Gillen's new position representing Long Island's 4th Congressional District and her focus on Long Island. The episode comes out Thursday, February 13th at 7pm. Tune in and listen live or listen on your schedule by following WLIW-FM on your favorite podcast platform.

How to listen:

• The WLIW-FM app (download for iOS | download from Google Play)
• Live-streaming at wliw.org/radio/
• Live-streaming on the NPR App, TuneIn, and other radio streaming apps
• Live-streaming on smart speakers by asking for WLIW-FM
• 88.3 FM in Eastern Long Island and Southern Connecticut
• 88.7 FM on the East End
• 96.9 FM in Central and Western Suffolk County