To the Point
The Selective Recovery and a Shrinking Middle Class
Despite headlines suggesting that the Great Recession is over, average American households have regained only half what they lost and some may never fully recover.
By Warren Olney • • 51m ListenDespite headlines suggesting that the Great Recession is over, average American households have regained only half what they lost and some may never fully recover. Also, the Syria army captures key town in blow to rebels, and what could be the biggest doping scandal in American sports history.
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In this episode
3 storiesSyria Army Captures Key Town in Blow to Rebels
Syrian President Bashar al-Assad is claiming a major victory today, as rebel forces have pulled out of Qusair, a town on the border with Lebanon. For three weeks, the attack has been led by the forces of Hezbollah. That's according to Martin Chulov, Middle East correspondent for the Guardian , who joins us from Beirut.
Read the story8 minThe Selective Recovery and a Shrinking Middle Class
Wall Street is setting records never imagined before, and the housing market is on the rise. Does that mean the Great Recession is over? Not according to the Federal Reserve Bank of St. Louis , which says average American households have recovered just 45% of the wealth they lost.
Read the story34 minBreak in Major League Baseball Drug Investigation
Major League Baseball may be about to seek the suspension of 20 players in what would be the largest scandal in American sports history involving performance-enhancing drugs. Major stars are said to be in jeopardy. Tony Bosch is not as well known as Alex Rodriguez or Ryan Braun, unless you're following the ongoing scandal.
Read the story9 min
