To the Point
Wall Street, Main Street and Economic Crisis
Wall Street's getting most of the blame for the economic crisis. We consider the role of Main Street. Also, world markets swings widely as financial ministers meet, and the Nobel Peace Prize goes to Finland.
By Warren Olney • • 1h 0m ListenWall Street's getting most of the blame for the economic crisis. We consider the role of Main Street. Also, world markets swings widely as financial ministers meet, and the former President of Finland has won the Nobel Peace Prize.
Photo illustration: Peter Macdiarmid/Getty Images
In this episode
3 storiesWorld Markets Swing Widely as Finance Ministers Meet
On the last day of one of the worst weeks in stock market history, the Dow Jones Industrial Average has careened back and forth between losses and gains today.
Read the story6 minConsumer Complicity in the Credit Crisis
The finger of blame for the worst economic mess since the Great Depression has been pointed mainly at Wall Street. But what about Main Street, where ordinary Americans have been living on credit cards and sub-prime mortgages, borrowed money they'll never pay back? Now that the roof's falling in, can consumers afford to continue spending?
Read the story35 minNobel Peace Prize Awarded to Finnish Diplomat
Bloody conflicts around the world could well have been worse if it weren't for the work of a man most Americans have never heard of. That's the conclusion of the Nobel Committee, which has awarded this year's Nobel Peace Prize to 71-year old Martti Ahtisaari .
Read the story7 min
