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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
Nov 20, 2014
In this file photo, Hillsborough Sheriff deputy patrols outside the gate of JP Morgan Chase annual stockholders meeting held Tuesday, May 15, 2012, in Tampa, Fla. JP Morgan is one of several large financial institutions currently under investigation for alleged violation of Federal bankruptcy laws. (AP)

You’re supposed to have a clean slate after bankruptcy. But that’s not always true. We’ll ask what’s going on.

Nov 20, 2014
A shot from the AMC reality series, "Freakshow." (Jessica Brooks / AMC)

From TV to Broadway, circus sideshows — freak shows — are having a big cultural moment. What’s the history behind the comeback?

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Nov 19, 2014
In a Friday, March 2, 2012 file photo, Donnie Dawson, 20, left, attends a youth advocacy group meeting at the Ruth Ellis Center, a drop-in shelter for LGBT - lesbian, gay, bisexual or transgender youth in Detroit. (AP)

Up to 40 percent of homeless young people are LGBTQ. We’ll hear their stories.

 
Nov 19, 2014
Ultra-Orthodox Jews attend the funeral of Mosheh Twersky, in Jerusalem, Tuesday, Nov. 18, 2014. Two Palestinian cousins armed with meat cleavers and a gun stormed a Jerusalem synagogue during morning prayers Tuesday, killing Twersky and three others in the city's bloodiest attack in years. (AP)

New violence in Jerusalem. The building battle for the Holy City.

On Point Blog
On Point Blog
The Explicast, Episode Five: What Is Net Neutrality?
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The Explicast dives into tech policy territory with a quick look at the real meaning of a complicated bit of tech policy known as ‘Net Neutrality.’

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Our Week In The Web: November 14, 2014
Friday, Nov 14, 2014

On why we tweet, what we like and a Miley Cyrus and “Serial” theme song mashup you never knew you needed.

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Guest Post: U.S.-China Climate Deal is an Important Step In Long Road Ahead
Wednesday, Nov 12, 2014

After a landmark agreement between the US and China on climate change policy and clean energy development, a recent On Point guest reflects on what’s important in this new deal.

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