To the Point
Beltway Bubble
Are wealthy DC decision-makers out of touch with the problems of ordinary Americans? Also, Greek government on the edge, and shifting explanations from Herman Cain.
By Warren Olney • • 50m ListenWashington, DC is now the wealthiest place in the country. Is that putting decision-makers out of touch with the problems of ordinary Americans? Is that why they've been so slow to deal effectively with the housing crisis and unemployment? Also, Papandreou's referendum call on the EU bailout has Greek government on the edge, and Herman Cain struggles to cope with claims of sexual harassment from two unnamed accusers.
Banner image: P Street NW, in Georgetown (Washington, DC). Photo by Kmf164
In this episode
3 storiesReferendum Call on Bailout Has Greek Government on the Edge
Greek Prime Minister George Papandreou stunned Europe and financial markets around the world last night by announcing a popular referendum on the new debt deal with foreign lenders. Nick Malkoutzis is Deputy Editor of the English edition of the Greek newspaper Kathimerini . He also blogs at " Inside Greece ."
Read the story7 minDo America's Movers and Shakers Live in a Bubble?
Metropolitan Washington, DC now boasts the highest median income in the United States, taking the place of Silicon Valley, the center of high-tech prosperity. In the nation's capital -- packed with lawyers, lobbyists and contractors -- unemployment and home foreclosures are low; housing prices are high.
Read the story35 minWill Sexual Harassment Allegations Hurt Herman Cain's Campaign?
He may be leading Republican presidential preference polls, but he's behind the curve in addressing sexual harassment allegations when he was head of the National Restaurant Association 12 years ago.
Read the story8 min
