To the Point
The Economy after the Great Recession
President Obama tries to be optimistic, but concedes that the Great Recession won't go away fast. Others compare it to the Great Depression as a signal of momentous economic change. Also, scientists decry ruling halting embryonic stem cell research. On Reporter's Notebook, are interest rates on credit cards going in the wrong direction?
By Warren Olney • • 50m ListenPresident Obama tries to be optimistic, but concedes that the Great Recession won't go away fast. Others compare it to the Great Depression as a signal of momentous economic change. We hear some challenging opinions today about how American lives might be changing, too. Also, scientists decry ruling halting embryonic stem cell research, and finance reform was supposed to provide new consumer protections. So why are interest rates on credit cards going up when rates on other borrowing are going down?
Banner image: President Barack Obama is shown the battery making process at ZBB Manufacturing by company President/CEO Eric Apfelback (L) and employee Lonnie Mages, August 16, 2010. The facility in Menomonee Falls, Wisconsin manufactures advanced zinc bromide flow batteries and intelligent control platforms. Official White House photo: Chuck Kennedy
In this episode
3 storiesScientists Decry Ruling Halting Embryonic Stem Cell Research
The Obama White House says today that even George W. Bush’s limited guidelines for stem cell research might be overturned by yesterday’s judicial ruling in Washington. Judge Royce Lamberth ordered that all federal spending on research involving destruction of human embryos come to an immediate end.
Read the story8 minWhat Comes after the Great Recession?
The Great Recession is not economics as usual but the beginning of a historic transformation, according to some long-term thinkers. They say arguing over the stimulus and the deficit is the wrong conversation, based on the past instead of the future. But what will the future require?
Read the story37 minAs Interest Rates Tumble, Credit Card Rates Climb
Interest rates for the US Treasury, business firms and home-buyers are going down but, despite new regulations, the rates for credit card borrowing are going up. New laws limit banks’ ability to increase rates on people who get behind on their credit cards. Credit card companies have responded by increasing rates on everybody.
Read the story7 min
