To the Point
Managing the Economy; Civil Rights in Louisiana
The Federal Reserve's interest rate cut produced a sigh of relief this week in the markets. What does it mean for homeowners and prospective buyers? Is it a bailout for speculators and unwise investors? Also, Bush accuses Democrats of politics on the child health bill, and an update today’s massive demonstration in rural Louisiana. Radio host Michael Baisden (L) and Rev. Al Sharpton (C) march towards Jena High school during a civil rights march on September 20, 2007 in Jena, Louisiana. Photo: Chris Graythen/Getty Images
By Warren Olney • • 1h 0m ListenThe Federal Reserve's interest rate cut produced a sigh of relief this week in the markets. What does it mean for homeowners and prospective buyers? Is it a bailout for speculators and unwise investors? Also, Bush accuses Democrats of politics on the child health bill and, on an expanded Reporter's Notebook, the tiny town of Jena, Louisiana is the site of a massive protest today. Are there different standards of justice for blacks and whites?
In this episode
3 storiesBush Accuses Democrats of Politics on Child Health Bill
At a press conference today, President Bush got ahead of the Congress, anticipating that it will send him an expansion the State Children's Health Insurance Program . With an increase in the cigarette tax, the SCHIP bill would subsidize health insurance for kids whose parents make as much as $80,000 a year.
Read the story6 minWho Will Gain from the Fed's Interest Rate Cut?
In the wake of the sub-prime lending crisis, Ben Bernanke's Federal Reserve revived the stock markets this week by cutting interest rates . The move was reminiscent of Alan Greenspan, who was accused of creating "bubbles" by bailing out unwise investors all too often.
Read the story24 minThousands Demonstrate for 'Jena 6'
In the rural town of Jena, Louisiana today—a town of 3000 people, thousands showed up for a demonstration reminiscent of the civil rights movement of the 1960's and 70's.
Read the story19 min
