90.9 WBUR - Boston's NPR news station
Top Stories:
PLEDGE NOW
Our Uncertain Economy
Federal Reserve Chairman Ben Bernanke speaks during a discussion hosted by The Economic Club of Washington, Monday, Dec. 7, 2009, in Washington. (AP)

Federal Reserve Chairman Ben Bernanke speaks during a discussion hosted by The Economic Club of Washington, Monday, Dec. 7, 2009, in Washington. (AP)

Post your comments below

The country’s top economists — Fed chief Ben Bernanke included — met in Atlanta this week to look at where we stand.

Simon Johnson spoke. Here’s what he said:

We’ve probably got a recovery coming. 2010 could look good. But we haven’t fixed the underlying problems in our banking and finance systems. The country’s been taken prisoner by a Wall Street that rejects reform. And so we’re cruising for another crash. A bigger crash than ever.

And by the way, he says, Ben Bernanke should not be reappointed.

This hour, On Point: a conversation with bigfoot economist Simon Johnson.

Guest:

Joining us from Washington is Simon Johnson, professor at MIT’s Sloan School of Management. Former chief economist at the International Monetary Fund, he’s now a senior fellow at the Peterson Institute for International Economics. He co-founded the widely read blog The Baseline Scenario, where you can read his latest commentary. His forthcoming book is “13 Bankers.”

More links:

Some pieces that got us thinking about this segment include:

The BusinessWeek cover story, “Not So Radical Reform”; Chrystia Freeland’s column in The Financial Times, “Global super-rich no longer look so benign”; Bob Herbert’s New York Times column, “An Uneasy Feeling”; and Simon Johnson’s own piece at the Times’ “Economix” blog, “Lessons Learned But Not Applied.”  It’s also worth looking back at Johnson’s bracing essay in The Atlantic last spring, “The Quiet Coup,” in which he argued that “recovery will fail unless we break the financial oligarchy that is blocking essential reform.” We spoke to him when that piece was just out.

Johnson opposes the re-confirmation of Federal Reserve Chairman Ben Bernanke. The LA Times editorial board disagrees — they want Bernanke reappointed. Of course,  Time magazine named him “Person of the Year.”

Please follow our community rules when engaging in comment discussion on this site.
ONPOINT
TODAY
Dec 17, 2014
Relatives of a victim of a Taliban attack in a school, mourn over her lifeless body at a hospital in Peshawar, Pakistan, Tuesday, Dec. 16, 2014. Taliban gunmen stormed a military-run school in the northwestern Pakistani city of Peshawar on Tuesday, killing and wounding scores, officials said, in the highest-profile militant attack to hit the troubled region in months. (AP)

The Taliban take responsibility for killing more than 100 Pakistani schoolchildren. We ask why there, why now.

Dec 17, 2014
Germany's Andre Schuerrle, left, celebrates scoring his side's 6th goal as Brazil's goalkeeper Julio Cesar reacts during the World Cup semifinal soccer match between Brazil and Germany at the Mineirao Stadium in Belo Horizonte, Brazil, Tuesday, July 8, 2014.  Germany went on to win the World Cup championship later that month. (AP)

From the Sochi Olympics and Ray Rice to Lebron’s return to Cleveland, we’ll unpack a big year in sports.

RECENT
SHOWS
Dec 16, 2014
A still from Amanda Brown's documentary film, "Black Heirlooms." (Courtesy the FIlmmaker)

The documentary “Black Heirlooms,” tells the story of how inheritances, even humble ones, can tear families apart. We talk to the director.

 
Dec 16, 2014
Supermodel Beverly Johnson. (Courtesy Beverly Johnson)

Supermodel Beverly Johnson is the latest woman to accuse Bill Cosby. She joins us.

On Point Blog
On Point Blog
Cosby Accuser Beverly Johnson: ‘He's A Black Man. I Had To Separate The Trayvon Martins, The Michael Browns From What Happened To Me’
Tuesday, Dec 16, 2014

Beverly Johnson accused comedian Bill Cosby of drugging her in a high-profile Vanity Fair column. She tells us why she waited so long to share her story, and why it was even harder to share now.

More »
Comment
 
Our Week In The Web: December 12, 2014
Friday, Dec 12, 2014

On listener engagement, the meeting of trans-Atlantic royalty and the elusive origins of the chicken. (We promise this feed hasn’t been taken over the BBC…yet)

More »
Comment
 
Quinn Sullivan, LIVE In Our Studio
Wednesday, Dec 10, 2014

Fifteen-year old Quinn Sullivan is a humble, “ordinary” high school sophomore. But he’s also a blues guitar phenom. He brought his talents to the On Point studio today.

More »
Comment