Robert Siegel talks to former Treasury Secretary Henry Paulson about where we are now in terms of ending "too big to fail" and avoiding future meltdowns. Paulson says he failed to explain to American citizens that saving the big banks was not to help bankers but to keep the whole economy from sweeping away jobs.
Job growth fell short of expectations in August. Employers added only 169,000 jobs to payrolls, and gains for June and July were revised downward. The question is whether the mediocre job growth of recent months is troubling enough to convince the Federal Reserve to delay its plans to dial back its stimulus of the economy.
After a slow, lightning-delayed, start, creaky, old Peyton Manning exploded in front a national television audience. The Denver Broncos quarterback eviscerated the defending Super Bowl champion Baltimore Ravens in the opening game of the NFL season with a record-tying seven touchdown passes. Will Manning's performance help fans forget a worrisome offseason full of concussion litigation and uncertainty? The league hopes so. Sportswriter Stefan Fatsis joins Robert Siegel to talk about the upcoming NFL season.
The Philadelphia school system was forced to cut millions of dollars from its budget, lay off hundreds of employees and shutter nearly two dozen schools to help close a billion dollar shortfall. Some principals are asking parents to "contribute" as much as $600 per student to help pay for basic supplies and the school superintendent threatened to delay the start of classes this month until the city kicked in $50 million to cover the minimum level of staffing.
Comedian Dave Chappelle caused some controversy at a comedy festival in Hartford, Conn. last week, after he got upset at hecklers and walked off stage. Depending on who you ask, Hartford was a horrible, racist audience — or just had a bad night.
Originally published on Fri September 6, 2013 6:49 pm
President Obama on Friday declined to say whether he'd go ahead with military action in Syria if Congress votes against it — a what-if scenario that's attracting growing attention in the wake of preliminary House head counts that suggest there's nowhere near enough votes for passage.
It's a question that won't be answered until late next week when Congress is expected to vote.