Dangerous Economic Fault Lines

New analysis of deep fault lines still threatening our economy and the world’s. We speak with ex-IMF chief economist Raghuram Rajan.  

People wait in a line to enter a job fair, Wednesday, Feb. 24, 2010 in New York (AP)

A vote yesterday in the U.S. Senate came down against a new jobs bill and extending unemployment benefits.  

There may still be a way. But a big question now hangs over the United States: What happens if the jobs really don’t come back?  What if millions of Americans are stranded without paychecks and millions more see paychecks that won’t cover the cost of life?  

For a while, people make do. But what then, as some go shopping and many others just suffer?  

Economist Raghuram Rajan says we are in for a rough ride. Economically. Politically. Socially.  

This Hour, On Point: American fault lines, under pressure. 



Raghuram Rajan, former chief economist at the International Monetary Fund and a professor of finance at the University of Chicago Booth School of Business. He is also economic adviser to the prime minister of India. He is author of “Saving Capitalism from the Capitalists.” His new book is Fault Lines: How Hidden Fractures Still Threaten the World Economy.” You can read an excerpt

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 »