90.9 WBUR - Boston's NPR news station
Top Stories:
PLEDGE NOW
America's New Place in the World
Treasury Secretary Henry Paulson, center, listens as President Bush, not pictured, makes a statement after meeting with G7 finance ministers about the financial crisis, Saturday, Oct. 11, 2008, in Washington. Pictured from left to right: Italy's central bank governor Mario Draghi; Eurogroup's Chairman Jean-Claude Juncker; Japan's Finance Minister Shoichi Nakagawa; Secretary of State Condoleezza Rice; Paulson; France Finance Minister Christine Lagarde; Canada Finance Minister James M. Flaherty, Britain's Chancellor of the Exchequer Alastair Darling, and Italy Finance Minister Giulio Tremonti. (AP Photo/Charles Dharapak)

Treasury Secretary Henry Paulson, center, listens as President Bush (not pictured) makes a statement after meeting with G7 finance ministers about the financial crisis on Saturday, Oct. 11, 2008, in Washington, DC. (AP)

Global giddiness to start this week, as stock markets right around the world bounced big steps back after days of paralyzing fear and panic — and global moves to coordinate massive measures to shore up beaten-down banks and finance.

The U.S. is right in the middle of the rescue moves. But is it in the lead anymore?

Loud voices from abroad have angrily blamed American-style economics for the crash of ’08, and promised the American era in world finance is over. That things will be different now.

What would that mean?

This hour, On Point: global financial crisis — and where Americans will stand when the dust settles.

You can join the conversation. When the great meltdown of ’08 is over, will America still be the “indispensible nation”? And will the U.S. be the one to set this right, or does tomorrow belong to Asia and Europe? Share your thoughts.

Guests:

Joining us from London is Daniel Hertzberg, deputy managing editor at The Wall Street Journal. He oversees the Journal’s Europe and Asia editions. In 1987, he shared both a Pulitzer Prize and the George Polk Award for coverage of the 1987 stock market crash.

Joining us from New York is Frederic Mishkin, a professor at Columbia University’s Graduate School of Business and an expert in economic crashes. Until August he was a member of the Board of Governors of the Federal Reserve. His most recent book is “The Next Great Globalization: How Disadvantaged Nations Can Harness Their Financial Systems to Get Rich” (2006).

And from Washington we’re joined by Eswar Prasad, professor of trade policy at Cornell University, research associate at the National Bureau of Economic Research, and a senior fellow for global economy and development at the Brookings Institution. He worked for 16 years at the International Monetary Fund, serving part of that time as head of the Financial Studies Division and the China Division.

Please follow our community rules when engaging in comment discussion on this site.
ONPOINT
TODAY
Mar 30, 2015
A stele and flowers laid in memory of the victims are placed in the area where the Germanwings jetliner crashed in the French Alps, in Le Vernet, France, Friday, March 27, 2015. The crash of Germanwings Flight 9525 into an Alpine mountain, which killed all 150 people aboard, has raised questions about the mental state of the co-pilot. (AP)

The pilot who crashed his plane in the Alps. What we know now. And what to do about pilots’ psychological health.

Mar 30, 2015
Sweet Briar College, an all-women's liberal arts college in Virginia, announced in early 2015 that it would unexpectedly close its doors at the end of the school year. (Courtesy Sweet Brian College)

Fareed Zakaria weighs the value of a liberal arts education in our technology-driven time.

RECENT
SHOWS
Mar 27, 2015
Members of  a November Project 'tribe' pause during a November 2014 workout. (Brogan Graham / Instagram)

Spring training. From easy-access yoga to outdoor exercise meet-ups, exercise plans you’ll want to do.

 
Mar 27, 2015
Rescue workers work on debris of the Germanwings jet at the crash site near Seyne-les-Alpes, France, Thursday, March 26, 2015. The co-pilot of the Germanwings jet barricaded himself in the cockpit and “intentionally” rammed the plane full speed into the French Alps, ignoring the captain’s frantic pounding on the cockpit door and the screams of terror from passengers, a prosecutor said Thursday. (AP)

The co-pilot and the plane in the Alps? Ted Cruz announces 2016 bid. Heinz buys Kraft. Our weekly news roundtable goes behind the headlines.

On Point Blog
On Point Blog
Our Week In The Web: March 27, 2015
Friday, Mar 27, 2015

More on the incessant email debate, plus some goats living their best lives and the sad allure of Manhattan’s shuttered Pommes Frites.

More »
Comment
 
Mobile Payments Offer Convenience If You Keep Your Email Safe
Thursday, Mar 26, 2015

Thinking about moving your wallet to your phone? You can! And maybe you should? But TechCrunch senior writer Josh Constine has a few things to tell you before you do.

More »
1 Comment
 
Using Technology To Get Your Kids Outside
Thursday, Mar 26, 2015

The latest and greatest — using apps to make natural exploration more fun for your kids.

More »
Comment