Can Economic Recovery Plow Ahead?

Europe wobbling. Markets down. We ask if the U.S. recovery is strong enough to plow through. Plus, Kristof/WuDunn to ’10 grads.

A trader on the floor at the New York Stock Exchange in New York, Thursday, May 27, 2010. (AP)

Talk about a tightrope. One minute this week, news of the U.S .economy is full of rosy forecasts, happy economists, manufacturing booming, and all systems go for recovery.

The next minute, the headlines are swamped with dire fear of a contagion from Europe, endless economic winter, a “double-dip” recession and the stock markets dropping like stones. 

So, which is it?  There is obviously no clear answer. But there is a big battle underway between hope and fear. 

This Hour, On Point: we look at the evidence, hear the cases, for hope and for fear on the US economy.


Jim McTague, Washington editor for Barron’s.

Carmen M. Reinhart, director of the Center for International Economics at the University of Maryland and co-author, with Kenneth Rogoff, of “This Time is Different: Eight Centuries of Financial Folly.” She testified yesterday before President Obama’s fiscal commission.

Alan Blinder, professor of economics at Princeton University. He’s former vice chairman of the Board of Governors of the Federal Reserve System. He was a member of the Council of Economic Advisers under President Bill Clinton.

Closing Segment:

Nicholas Kristof, Sheryl WuDunn (Credit: Middlebury College)

In the seventh installment in our graduation season series, we listen to an excerpt from the Middlebury College commencement address by New York Times columnist Nicholas Kristof and author Sheryl WuDunn. In 1990, the two won a Pulitzer Prize for their coverage of China’s Tiananmen Square—the first married couple to win the Pulitzer for journalism. At Middlebury last Sunday, they spoke about what each graduate can do to help one individual at a time, and not to worry if he or she can’t immediately solve large-scale problems such as global poverty. Helping the individual, WuDunn said, is a legitimate way of changing the world, and can also change “you” for the better. You can watch the full address.

Please follow our community rules when engaging in comment discussion on this site.
Oct 9, 2015
A manhole begins to spill over with floodwaters as high tide approaches at Dorchester Road at Sawmill Branch Canal in Summerville, S.C., Thursday, Oct. 8, 2015.  (AP)

Russia goes big in Syria. The US hits a hospital in Kunduz. Hillary flips on the TPP. An epic flood in South Carolina. Our weekly news roundtable goes behind the headlines.

Oct 9, 2015
In this Wednesday, Sept. 9, 2015, photo, Devlin D'Zmura, a tending news manager at DraftKings, a daily fantasy sports company, works on his laptop at the company's offices in Boston. (AP)

Fantasy football scandal, and the wild, booming betting world of fantasy sports.

Oct 8, 2015
US singer Patti Smith performs during the Way Out West music festival in Gothenburg, Sweden, Saturday, Aug.15, 2015.  (AP)

Iconic rocker, poet of punk, and National Book Award-winning author Patti Smith joins us to talk about her new memoir, “M Train”.

Oct 8, 2015
In this Aug. 2, 2012 file photo, local newspapers show stories about the controversial strategy to bail the government out of a financial hole, at a restaurant along Seven Mile Beach on the outskirts of George Town on the Cayman Islands. The Cayman Islands have lost some of their allure by abruptly proposing what amounts to an income tax on expatriate workers who have helped build the territory into one of the most famous or, for some people, notorious offshore banking centers that have tax advantages for foreign investment operations. (AP)

Trillions of dollars are now stashed in protected tax havens around the world, leaving societies’ bills to those at home. We’ll dig in.

On Point Blog
On Point Blog
Rep. Daniel Webster: ‘I’m Gonna Sell This Message’
Tuesday, Oct 6, 2015

When House Speaker John Boehner (R-OH) announced his retirement and resignation from his position last month, it surprised both his Party and the Washington political establishment.

More »
Our Week In The Web: October 2, 2015
Friday, Oct 2, 2015

We say hello again to our email address (since so many of you did this week) and goodbye to the Log Lady.

More »
Interview With Sen. Bernie Sanders: ‘Count Me As A Radical’
Thursday, Oct 1, 2015

Vermont Sen. Bernie Sanders is making waves in the 2016 Presidential race, and he joined us today from the US Capitol to explain how his campaign message is connecting with voters around the country.

More »