FROM Raghuram Rajan
Lawmakers Announce Deal on Bailout Plan The White House, the candidates and the Congress are working together on a massive commitment of public money. Saying that the entire economy is in danger, President Bush told the nation last night that the failure to act now might lead to a panic. The pressure is on as Democrats and Republicans struggle to rescue Wall Street and reassure taxpayers at the same time. This afternoon, Congressional negotiators gave no details, but after hours behind closed doors they emerged to announce they've worked out a compromise. We hear what the latest polls show about public opinion. What's the difference between a "bailout" and an "investment?" With just five weeks left until election day, should John McCain and Barack Obama debate as scheduled tomorrow night?
AIG's Global Reach, What's Next? Bear Stearns was bailed out , along with Freddie and Fannie , while Lehman Brothers was allowed to fail . But with a trillion dollars in assets, American International Group turns out to be big enough to threaten the global economy, moving the Federal Reserved to agree to what the New York Times calls "the most radical intervention in private business in the central bank's history." The insurance company does business all over the world, insuring cars, houses, retirement plans and companies, along with a lot of exotic financial instruments based on risky mortgages. Why does AIG qualify for $85 billion in American taxpayers' money? Will unprecedented government intervention ease the private financial crisis? Will other troubled companies be standing in line?
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?
Janesville and the American Dream Janesville, Wisconsin is the hometown of Republican House Speaker Paul Ryan. But he couldn’t prevent the closing of the General Motors factory after 100 years. On this Memorial Day rebroadcast of To the Point, we hear what’s happened to what once was a model of American middle-class unity.
Human Rights in the era of Donald Trump President Trump’s UN Ambassador, Nikki Haley, said today the US might pull out of the United Nations’ Human Rights Council. Serious violators of human rights are members of the Council itself–and a US resignation could make things worse. Later on today’s show, now that he’s into his second term, comedian turned US Senator Al Franken is telling jokes again.