To the Point
Haiti's Humanitarian Disaster; A Different Disaster on Wall Street
The death toll may be as high as 500,000 in the biggest earthquake to hit Haiti in 200 years. We hear about US rescue and relief efforts. Plus, on Wall Street a disaster of a different kind. What caused the economic recession?
By Warren Olney • • 50m ListenThe death toll may be as high as 500,000 in the biggest earthquake to hit Haiti in 200 years. President Obama is mobilizing US rescue efforts focused on Port au Prince, a city of 3 million people. Meantime, the heads of Wall Street’s four biggest banks are being grilled by a commission investigating what caused the near financial collapse that brought on the recession. What do the bankers have to say? Is the commission asking the right questions? Will the investigation help prevent the same thing from happening all over again?
In this episode
3 storiesHaiti and Humanitarian Disaster
The biggest earthquake to strike the nation of Haiti in 200 years has devastated the poorest country in the western hemisphere. The State Department says the human toll from the magnitude 7.0 quake is too great to measure. The Prime Minister of Haiti, Jean-Max Bellerive, estimated the death toll at hundreds of thousands.
Read the story8 minWall Street and a Disaster of a Different Kind
Phil Angelides said today the Financial Crisis Inquiry Commission is probably the last hope for uncovering the causes of what's now called the Great Recession. A former Treasurer of the State of California and a Democrat, Angelides chairs the bipartisan commission established by Congress.
Read the story35 minThe Day after the Earthquake in Haiti
The death toll from the magnitude 7.0 earthquake in Haiti is impossible to measure accurately, but local officials are estimating it in the hundreds of thousands. President Obama calls it "heartbreaking," and he's mobilized relief efforts .
Read the story8 min
