To the Point
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...
By Warren Olney • • 50m ListenThe 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? Also, appointments to the Congressional "Super Committee," and the political lessons from Wisconsin's recall elections.
Banner image: People walk past the New York Stock Exchange before the opening bell August 9, 2011. Photo by Stan Honda/AFP/Getty Images
In this episode
3 storiesAppointments to Congressional 'Super Committee' Nearly Complete
The 12-member, bipartisan Super Committee created by the debt-ceiling deal has enormous responsibility to exercise in a short time: identify $1.5 trillion in budget cuts by Thanksgiving. Nine of the 12 have now been chosen by leaders of the House and the Senate.
Read the story7 minEconomics 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?
Read the story36 minHigh Turnout in Wisconsin Recall Did Not Benefit Democrats
The political world was watching Wisconsin yesterday, where unprecedented recall election s were an exercise in summertime politics. Because hundreds of thousands protesters gathered at the state capitol in March, Democrats thought they could outdraw Republicans for an August showdown and seize control of the State Senate.
Read the story7 min
