FROM Roy Smith
Markets Slide as Wall Street Staggers The brokerage firm Bear Stearns got a bailout earlier this year. The federal government also agreed to prop up Fannie Mae and Freddie Mack . But over the weekend, Treasury Secretary Paulson drew the line when it came to Lehman Brothers, which has now declared bankruptcy . Merrill Lynch has sold itself off. AIG , America's biggest insurance company, could be next. Stock prices are plunging. From Wall Street to Washington to the presidential campaign trail there is talk of America's worst financial crisis since the Great Depression. President Bush says he's working to minimize the disruption . McCain and Palin promise reform . Obama and Biden insist it's time to change parties . We look at the reshaping of both the financial world order and the race for the White House.
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.
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.
Is the threat from Russia missing from the Russia meddling probe? There's much being made about the Trump administration's possible ties with Russia. But the bottom line is Russia's effort to influence American democracy. Do the President and his aides care enough to take action before voters go back to the polls?