90.9 WBUR - Boston's NPR news station
Top Stories:
PLEDGE NOW
Greece's Crisis and Contagion Fears

Greece goes broke, and fear rises that a contagion could spread. We look at the Greek debt crisis and global response.

Unemployed school teachers chant slogans at an anti-government demonstration outside the Greek Parliament in Athens, Tuesday, April 27, 2010. Greece's debt crisis intensified Tuesday as its credit rating was cut to junk status. (AP)

A Greek tragedy came to a head this week in Europe, with a financial contagion effect that could plow into the U.S. economy – the global economy.

It’s a terrible cautionary tale of debt run amuck. Greece has spent and borrowed until no one will lend it money anymore.

Now comes bail-out – they hope – and austerity, for sure. Deep, deep cuts in employment, pay, pensions, government services – everything – are coming.

The piper will be paid. Spain could be next. The U.K. And what about the U.S.?

This Hour, On Point:  A meltdown in little Greece, and the world on edge.

Guests:

John Psaropoulos, Athens correspondent for NPR and founder of the blog The New Athenian. He’s former editor-in-chief of the Athens News.

Scheherazade Rehman, professor of international finance at George Washington University, where she serves as director of the European Union Research Center.

Zanny Minton Beddoes, economics editor for The Economist.

Maya MacGuineas, director of the New American Foundation’s Fiscal Policy Program and president of the Committee for a Responsible Federal Budget. She served as a Social Security advisor to the McCain 2000 campaign.

More:

Watch New York University economist Nouriel Roubini discuss Greece’s problems, on Bloomberg Television. He says the current European Union/IMF rescue plans are “not going to work” and that Greece’s problems “are not solvable” with that approach:

Please follow our community rules when engaging in comment discussion on this site.
ONPOINT
TODAY
Oct 21, 2014
David Perdue, Michelle Nunn

Two weeks to go till Midterm Election Day. We’ll look at how the biggest issues are playing out around the country.

Oct 21, 2014
This undated image provided by Google, shows an early version of Google's prototype self-driving car. For the first time, California's Department of Motor Vehicles knows how many self-driving cars are traveling on the state's public roads. The agency is issuing permits, Tuesday, Sept. 16, 2014 that let three companies test 29 vehicles on highways and in neighborhoods. (AP)

The future of the car: from the fuels they’ll run on, to the materials they’ll be made of, to the computers that may drive them.

RECENT
SHOWS
Oct 20, 2014
In this Oct. 2, 2014 photo, patrons line up for “Nightmare: New York,” a haunted house attraction in New York. (AP)

Afraid of snakes? Heights? Ebola? We’ll unpack the science of fear.

 
Oct 20, 2014
A statue of President Franklin Delano Roosevelt on New York City's Roosevelt Island. (Flickr / Alexisrael)

Greatness and the American Presidency. Aaron David Miller says aim for good. Really good.

On Point Blog
On Point Blog
Introducing The Explicast: A New Podcast From On Point Radio
Friday, Oct 17, 2014

Confused about the news? Don’t worry: so are we sometimes! Introducing a new On Point Radio podcast: The Explicast. You can find Episode One right here.

More »
Comment
 
Two LIVE Tracks From Jazz Violinist Regina Carter
Friday, Oct 17, 2014

Regina Carter shares two live tracks — one arrangement, and one original composition — with Tom Ashbrook in the On Point studio.

More »
Comment
 
Our Week In The Web: October 17, 2014
Friday, Oct 17, 2014

We talk Facebook mishaps, whether Katy Perry was actually right and the glory of architectural giants and their iconic windows.

More »
Comment