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Euro Rescue, Finance Jitters
A global stare-down on debt. Will Europe’s trillion dollar rescue package be enough to stave off a sovereign debt crisis? Plus, Fed Chair Ben Bernanke’s speech to 2010 grads.

Traders shout orders in the S&P 500 futures pit at the CME Group in Chicago near the close of trading, Thursday, May 6, 2010, the day the Dow Jones industrials plunged nearly 1,000 points in half an hour. (AP)

Traders shout orders in the S&P 500 futures pit at the CME Group in Chicago near the close of trading, Thursday, May 6, 2010, the day the Dow Jones industrials plunged nearly 1,000 points in half an hour. (AP)

A trillion-dollar rescue package for Europe’s stumbling economies this last weekend. Shock and awe, Euro-style. 

A high-finance “Euro-TARP” to bail out Greece and give cover to Spain, Portugal, Ireland, Italy.

Markets celebrated the massive intervention on Monday, after days of high jitters and that 1000-point swoon on the Dow.

But the questions are not gone. Not about debt levels and European banking. Not about high-speed computer trading that can spin markets and turn 401Ks into road kill.

This Hour, On Point: World markets and the trillion dollar question in Europe. Plus, we listen as Federal Reserve Chairman Ben Bernanke speaks to the 2010 graduates.

Guests:

Roben Farzad, senior writer for Bloomberg BusinessWeek. His April 29 article  in BusinessWeek is “Why Small Investors are Shying from Stocks.”

Kenneth Rogoff, professor of economics and public policy at Harvard University. He was chief economist and director of research at the International Monetary Fund from 2001 to 2003. His new book is “This Time is Different: Eight Centuries of Financial Folly”

Wolfgang Munchau, Brussels-based associate editor and European commentator of the Financial Times, and co-founder and president of Eurointelligence.com.

Closing segment:

We listen back as Federal Reserve Chairman Ben Bernanke tells young graduates at the University of South Carolina why they need to look beyond a big income to find happiness. Here’s the full transcript. And watch the video.

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ONPOINT
TODAY
Sep 23, 2014
Cindy Cook holds a photo of her mother, former Rep. Alice Cook Bassett, at her home in Calais, Vt., Tuesday, March 13, 2012. Cook took care of her mother in December when she decided to stop eating and drinking to put an end to her life. (AP)

A bipartisan report says medical care at the end of life needs a big overhaul. One bioethicist says, “After 75, no major interventions. Let me go.”

Sep 23, 2014
Fabiano Caruana, of Italy, was the winner of the 2014 Sinquefield Cup in St. Louis, MO. His seven straight wins in the tournament are virtually unprecedented in the history of the game. (Courtesy US Chess Champs)

A young grandmaster just did the impossible at a top chess tournament. No one paid attention. Does chess still matter?

RECENT
SHOWS
Sep 22, 2014
Demonstrators make their way down Sixth Avenue in New York during the People's Climate March Sunday, Sept. 21, 2014. (AP/Jason DeCrow)

Big climate protests in New York before a big UN summit. Activist and author Naomi Klein says change the economy or die. She’s with us.

 
Sep 22, 2014
President Barack Obama gestures during a statement in the State Dining Room of the White House, on Thursday, Sept. 18, 2014, in Washington. Obama spoke after Congress voted to arm and train moderate Syrian rebels in the fight against the Islamic State group. (AP/Evan Vucci)

A tough, critical examination of US plans to take on ISIS. Strategy in the hot seat.

On Point Blog
On Point Blog
Our Week In The Web: September 19, 2014
Friday, Sep 19, 2014

Lots of big, contentious topics on the show this week — from Zionism to early education, corporal punishment to development in the Grand Canyon.

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Talking Through The Issue Of Corporal Punishment For Kids
Wednesday, Sep 17, 2014

On Point dove into the debate over corporal punishment on Wednesday — as Minnesota Vikings running back Adrian Peterson faces charges in Texas after he allegedly hit his four-year-old son with a switch.

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Our Week In The Web: September 12, 2014
Friday, Sep 12, 2014

In which you had varied reactions to the prospect of a robotic spouse.

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