FROM Eric Tyson
The Personal Pinch of a Troubled Economy The Great Recession wreaked havoc with the economy, and the slow recovery is producing headlines about a possible "double-dip." Americans have a right to be worried, and they are. How potent is psychology as a force for making things better or worse?
Economics and High Anxiety The debt-ceiling debate , S&P downgrade , trouble in Europe, wild stock-market gyrations and warnings about a double-dip recession or worse… The grinding reality of long-term unemployment is taking a heavy toll, and it's a looming threat in workplaces around the country. What are consumers, investors and middle class people to think? How can they look past all the bad news and make rational economic decisions? What's the impact of the prolonged anxiety on individuals, families, neighborhoods and the economy itself?
Plan Encourages Main Street to Invest in Toxic Assets Bank bailouts with taxpayer money have been a source of populist outrage. In need of public support for the massive spending it wants to stimulate the economy, the Obama Administration wants to establish a way for small investors to get in on the deal, to let Main Street sit at the table with Wall Street. We hear about the benefits and the risks. Eric Tyson, author of Investing for Dummies , formerly worked as a management consultant to Fortune 500 financial service firms.
Predatory Lending and Shrinking Buying Power There may be fewer paper towels in the package than there used to be, but you're still paying the same price. The same is true for dog food and trash bags. "Hidden inflation" in supermarkets is just one sign of how consumers are affected by a troubled economy, even though they don't notice. Bear-Stearns brokerage house was bought up before it collapsed, as was the sub-prime lender Countrywide . Now the Congress and President Bush are protecting Fannie Mae and Freddie Mac . The next bubble to burst may be in the credit-card market. What's next for low-income retirees, recent college graduates and first-time home buyers? If you've got some money, is this the time to invest?
Who Will Gain from the Fed's Interest Rate Cut? In the wake of the sub-prime lending crisis, Ben Bernanke's Federal Reserve revived the stock markets this week by cutting interest rates . The move was reminiscent of Alan Greenspan, who was accused of creating "bubbles" by bailing out unwise investors all too often. Meantime, at his news conference today, President Bush was asked about a recession. Although he conceded there are problems, he affirmed that the economy is strong because of his tax cuts—with low inflation and unemployment, strong profits and steady markets. What will the cuts mean for middle class people who want to buy homes or hold on to the ones they have? What about the economy?
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.
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?
Who's to blame for the opioid crisis? Some of the lawyers who took on Big Tobacco are now going after Big Pharma. It’s all about the deadly epidemic of opioid use. Are the drug companies to blame? What about the users? Later, on today’s Talking Point: making sense of Britain’s upset election.
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.