FROM Zachary Karabell
The S&P Downgrade: Economics and Politics After a weekend of silence, President Obama addressed the S&P downgrade and the US economy this afternoon from a White House dining room. He said that the US will always be a AAA-country, and Standard and Poor's is the only ratings agency to downgrade its credit rating to AA+.
The S&P Downgrade: Economics and Politics Fingers of blame are being pointed in every direction as Wall Street and world financial markets react to history's first downgrade of America's credit rating. Standard and Poor's is taking its own licks for bad mathematics and because other ratings firms are keeping the US at AAA . Is President Obama at fault? What about Tea Party Republicans and European economies? Why are US Treasuries still the safest place to be? What's next for local governments and individuals with home and auto loans?
China: Before and After Election Day In this year's political campaigns, Democrats and Republicans are accusing each other of helping to cause America's economic decline. In the process, both parties are demonizing China.
China: Before and After Election Day Television commercials featuring Chinese music, pictorial characters and gongs suggest that China has morphed from a "Communist threat" to an economic menace. While Democrats claim free trade pushed American jobs to a foreign country, Republicans say "green" stimulus money is being used to buy Chinese products. Have both parties found the same scapegoat to blame for America's problems? Will policies change once the voting is over, or have US consumerism and profit-making combined to create an economic knot that can't easily be untied?
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.
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.