FROM Sujit CanagaRetna
The Growing Credit Crisis President Bush signed the " economic rescue " into law Friday but the stock markets are declining anyway in New York and around the world. Today, the Federal Reserve said it would buy up commercial paper to get lending started again. Will taxpayers be saddled with more debt? Meantime, state governments, normally safe investments in tough times, may not be able to borrow what they need for schools, police and local governments. California, the eighth largest economy in the world, may alone come up $7 billion short. Will states be going to Washington, too? We hear more about the credit squeeze from local and global perspectives.
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.
Who's to blame for the opioid crisis? Some of the lawyers who took on Big Tobacco are now going after Big Pharma. It’s all about the deadly epidemic of opioid use. Are the drug companies to blame? What about the users? Later, on today’s Talking Point: making sense of Britain’s upset election.
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?
Trump plays scolder-in-chief with NATO allies At the opening of NATO’s dramatic new headquarters in Brussels today, President Trump acknowledged that Article 5 — promising that “an attack on one nation is an attack on all” -- has only been invoked one time: in the aftermath of September 11. But the President failed to provide what 27 other Alliance members have been waiting for: a re-commitment by America’s new leader to Article 5. Instead, they got a scolding.