FROM Bill Emmott
The End of Capitalism? What may become the government's biggest intervention into American business is being engineered by an administration that has championed a hands-off approach to the economy. But President Bush says the government needs to rescue the economy by buying up the bad debts of banks, Wall Street brokerages and other financial players. Congress had been planning to go home next week to campaign for re-election, but leaders of both parties have agreed to take up the bailout proposal as soon as this weekend. Time magazine calls it " the mother of all bailouts ," and stock markets around the world jumped at the prospect of hundreds of billions of taxpayer dollars. But a lot of questions remain. Will it reward those who made bad investments? Will it protect home ownership, retirement plans and personal savings? Where will the money come from? Will it tie the hands of government for years to come? Will Congress go along? What does intervention so massive mean for free-market capitalism?
Is the US Leading the Way to a Global Recession? The International Monetary Fund says America's financial crisis is so bad it will damage the rest of the world -- except for the Middle East and Asia. This as finance ministers from the major industrialized countries have gathered in Washington to figure out what to do. Not everybody's as pessimistic as the IMF , but nobody doubts that there's trouble ahead. Is the global economy faced with another Great Depression? How worried should Americans be? What should be done, and will there be winners as well as losers, both at home and abroad?
Ex-FBI Director Comey tells his side of the story Today, former FBI Director James Comey came close to calling the President who fired him a liar. The White House denied the claim and called it insulting, but Republican Senators did not challenge Comey’s truthfulness. Many questions remain: did the President try to obstruct a federal investigation? Later, we’ll go behind the “velvet rope” for a look at 5-Star health care for the richest Americans.
Trump's 'America First' goes missing abroad In the Middle East, President Trump is changing some policies of the Obama Administration—and reversing his own campaign attacks on Islam as a religion that "hates us." We hear about his visit to Saudi Arabia and what's at stake for the rest of his foreign excursion.
Venezuela spirals into economic and political chaos Venezuela, a country whose potential for prosperity is unmatched, finds itself on the verge of civil war. What sustains the repressive government? With time running out, guest host León Krauze looks at what the international community can do to pull the country from the edge of collapse.
The longest US war: Will Trump send more troops to Afghanistan? The Trump White House is divided over the Pentagon's request for more troops in Afghanistan—where the US has been fighting for the past 16 years. Is there a formula -- either for "victory" or a political settlement? Is there an end in sight for America's longest war?