Wednesday, October 8, 2008

  • European, Asian Markets Plunge as Recession Fears Spread Worldwide


    As stock indexes plunge across Europe and Asia, Britain unveiled plans today to inject up to 50 billion pounds — close to $90 billion — into its biggest retail banks. Recent efforts to bolster world credit markets have failed to stem fears that the spreading financial crisis could lead to a global recession. We go to Rome to speak to economist Loretta Napoleoni, author of Rogue Economics: Capitalism’s New Reality. [includes rush transcript]

  • Faltering Economy Takes Center Stage in McCain-Obama Debate


    It was no surprise that the economy dominated last night’s presidential debate. We play excerpts and get reaction from Pulitzer-winning journalist David Cay Johnston, author of Free Lunch: How the Wealthiest Americans Enrich Themselves at Government Expense (and Stick You with the Bill). [includes rush transcript]

  • McCain-Obama Debate Highlights Similar Stances on Foreign Policy


    While the state of the economy dominated the opening portion of last night’s debate, the focus later shifted to foreign policy. Voters questioned Senators Barack Obama and John McCain about Iraq, Afghanistan, Pakistan, Russia, Israel and Iran. [includes rush transcript]

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Full News Hour


    Juan González on How Puerto Rico’s Economic "Death Spiral" is Tied to Legacy of Colonialism
    Could Puerto Rico become America’s Greece? That’s a question many are asking as the island faces a devastating financial crisis and a rapidly crumbling healthcare system. Puerto Rico owes $72 billion in debt. $355 million in debt payments are due December 1, but it increasingly looks like the U.S. territory may default on at least some of the debt. Congress has so far failed to act on an Obama administration proposal that includes extending bankruptcy protection to Puerto Rico and allocating more equitable Medicaid and Medicare...


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