Which Way, L.A.?
Wall Street's Disconnect with the American Economy
On this rebroadcast of today's To the Point, guest host Conan Nolan takes a critical look at how Wall Street is operating these days and profits being made from financial “innovations” while credit remains tight and unemployment high. We also look at the tax-cut deal between Congressional Republicans and the White House. Also, Julian Assange goes to jail, and students from Shanghai blow away the competition in an international test of math and science skills.
By Conan Nolan • • 48m ListenOn this rebroadcast of today's To the Point, guest host Conan Nolan takes a critical look at how Wall Street is operating these days and profits being made from financial “innovations” while credit remains tight and unemployment high. We also look at the tax-cut deal between Congressional Republicans and the White House. Also, British police refuse bail and send Julian Assange to jail, and students from Shanghai blow away the competition in an international test of math and science skills.
Banner image: Traders work on the floor of the New York Stock Exchange before the closing bell December 1, 2010 in New York City. Stocks were up nearly 250 points on positive economic reports. Photo: Mario Tama/Getty Images
In this episode
3 storiesAssange Denied Bail, Sent to Jail
Julian Assange, the mastermind behind WikiLeaks, which resulted in a crisis in world diplomacy, is now facing a problem of his own. He is in custody in London, after being arrested on a Swedish extradition warrant in connection with alleged sex crimes. Jerome Taylor of the Independent has more.
Read the story7 minIs What Wall Street Makes Worth What It Takes
Wall Street is making money again and financial institutions could hit record profits, but the unemployment rate went up last month and businesses complain they can't get credit. Meanwhile, President Barak Obama yesterday cut a deal that will extend the Bush tax cuts for another two years.
Read the story34 minUS Students Struggle as Shanghai Students Ace Test
Recently, the Organization for Economic Cooperation and Development administered the Program for International Student Assessment to thousands of 15-year-olds in 65 different countries, including the world’s most industrial powers.
Read the story9 min
