The Selective Recovery and a Shrinking Middle Class
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Despite headlines suggesting that the Great Recession is over, average American households have regained only half what they lost and some may never fully recover. Also, the Syria army captures key town in blow to rebels, and what could be the biggest doping scandal in American sports history.
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Syria Army Captures Key Town in Blow to Rebels ()
Syrian President Bashar al-Assad is claiming a major victory today, as rebel forces have pulled out of Qusair, a town on the border with Lebanon. For three weeks, the attack has been led by the forces of Hezbollah. That's according to Martin Chulov, Middle East correspondent for the Guardian, who joins us from Beirut.
The Selective Recovery and a Shrinking Middle Class ()
Wall Street is setting records never imagined before, and the housing market is on the rise. Does that mean the Great Recession is over? Not according to the Federal Reserve Bank of St. Louis, which says average American households have recovered just 45% of the wealth they lost. Others say the reality of two Americas has crushed faith in stabilizing institutions, including farms, factories, public schools and the political system. We hear what it feels like to be on the losing end and look for signs of a better future.
- Ray Boshara: St. Louis Federal Reserve Bank, @stlouisfed
- Joe Sangataldo: job counselor
- George Packer: New Yorker, @newyorker
- Mark Zandi: Moody's Analytics, @dismalscientist
Break in Major League Baseball Drug Investigation ()
Major League Baseball may be about to seek the suspension of 20 players in what would be the largest scandal in American sports history involving performance-enhancing drugs. Major stars are said to be in jeopardy. Tony Bosch is not as well known as Alex Rodriguez or Ryan Braun, unless you're following the ongoing scandal. Bosch, who has closed his Biogenesis of America lab in Miami, has reportedly agreed to cooperate with Major League Baseball. Jeff Passan is baseball columnist for Yahoo Sports.
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