00:00:00 | 3:02:50




Record-low interest rates have helped lift the economy out of the Great Recession, but now there's worry about inflation. Would a rate-increase threaten employment? This week, Janet Yellin and the Federal Reserve are pondering a crucial decision.

Also, is a beer merger brewing? On today's Talking Point, there are 800 US military bases located on foreign soil. The Pentagon and Congress claim they make America safer. Are they really worth what they cost?

Photo: Janet Yellen holds a press conference after a meeting of the Federal Reserve's Open Market Committee, January 1, 2015. (Day Donaldson)

Is a Beer Merger Brewing? 6 MIN, 30 SEC

The two largest beer companies in the world are talking about joining forces to fend off competition. Acquisition of SAB Miller by Anheuser-Busch would be the biggest merger in the history of the brewing industry. Bloomberg reporter Ruth David is covering the story from London, where SAB Miller is based.

Ruth David, Bloomberg News (@RuthsDavid)

The Federal Reserve, the Economy and You 31 MIN, 26 SEC

Wall Street, the banks, business and organized labor are all waiting to see if Janet Yellen and the Federal Reserve will raise interest rates tomorrow. They're only talking about a quarter of one percent — but that's a lot when rates are close to zero, as they've been for the past nine years. Those who want to see an increase are worried about inflation. Those who want to keep things as they are say a hike would be bad for employment. We hear what's at stake for the prices you pay and the security of your job — not to mention business investment and profit.

Zachary Warmbrodt, Politico (@Zachary)
Ady Barkan, Center for Popular Democracy (@AdyBarkan)
Mark Zandi, Moody's Analytics (@dismalscientist)
Dean Baker, Center for Economic and Policy Research (@DeanBaker13)

Federal Reserve's Open Market Committee
Warmbrodt on liberals turning up the heat on the Fed
Public Policy Polling poll on lack of support for interest rate increase
Moody’s Analytics on end of economic slowdown, time for Fed to raise interest rates
Zandi's 'Financial Shock: Global Panic and Government Bailouts -- How We Got Here and What Must Be Done to Fix It'
Center for Economic and Policy Research on racial inequality and the Federal Reserve

False Profits

Dean Baker

Should the US Rethink the Huge Cost of Its Military Bases? 11 MIN, 37 SEC

The US maintains some 800 military bases on foreign soil. Are they worth what they cost?

B-1B bombers on Diego Garcia in November 2001 (US Air Force)

Diego Garcia is a tiny island in the Indian Ocean. David Vine discovered that the entire indigenous population was removed in the 1960's -- to make way for a massive American military base. His research into how that happened led to the book called Base Nation: How US Military Bases Abroad Harm America and the World.

David Vine, American University (@davidsvine)

Base Nation

David Vine

Subscribe to the 5 Things To Do newsletter

Never miss the best of what to do with your free time.


More From To the Point



View All Events


Player Embed Code