This program is 29 minutes long
(Studio: Betsy Stark) The shifting ground under Wall Street featured; details given about AIG, the massive insurance company that got in trouble in the mortgage market, the refusal of Goldman Sachs and JPMorgan Chase to extend AIG a line of credit and the hope for a government rescue plan. [Economic Outlook Group chief economist Bernard BAUMOHL- says AIG cannot be allowed to fail.] [Columbia University professor Joseph STIGLITZ- comments.] [Governor David PATERSON - says the government must take action for AIG soon.] The Federal Reserve Board's refusal to lower interest rates and the problem of bank nervousness about lending discussed.
(Oak Island, Texas: Eric Horng) The chaos in Galveston as people were allowed to return to assess the situation featured; scenes shown of cars in line. [Two RESIDENTS, city manager Steve LeBLANC, Oak Island residents Jack INNMON, Amy CHANCE- comment.] [Chambers County Sheriff Joe LaRIVE, Oak Island resident Steve HART- comment on the search for victims and the rescue efforts.]
(Humble, Texas: Sharyn Alfonsi) The aftermath of the storm in Texas featured; scenes shown of trucks loaded with emergency supplies and people getting those supplies. [WOMAN - complains.] [FEMA logistics manager Eric SMITH - says he manages chaos.]
(Baghdad: Jonathan Karl) The change of command in the war in Iraq with multinational forces-Iraq commander Gen. David Petraeus stepping down to head up the central command featured; details given about the fate of former supporters of the Sunni insurgency. [Secretary of Defense Robert GATES - says hope has returned as the country has been transformed.] [Before the troops, PETRAEUS - says things are hard, but hopeful.] [In an interview, GATES - says we are on the path of a changed mission with the US providing backup in Iraq.]
(Warren, Ohio: David Wright) The proposals for the economy from McCain and Obama compared; specifics on their plans for Wall Street regulations, taxes, the mortgage crisis outlined on screen. [McCAIN, OBAMA - offer views on the economy.] [Peterson Inst. director C. Fred BERGSTEN- says neither has put forward a cogent package or has addressed the budget deficit.] [ISI Group Inc. economist Tom GALLAGHER- comments.]
(Washington: Lisa Stark) The federal government's blocking of foreign-made generic drugs examined; details given about problems with Ranbaxy drugs made in India with the banned drugs listed on screen. [FDA's Dr. Douglas THROCKMORTON- comments on the drugs.] [Representative Bart STUPAK- says the FDA was asleep at the switch.] [Public Citizen Dr. Peter LURIE- says this is a major international problem.]
(Norfolk, England: Nick Watt) A barter system at an English pub in which vegetables are exchanged for beer featured; scenes shown from the pub in Norfolk. [Fisherman Henry STIRMAN, teacher/gardener David BAILEY, The Pigs pub manager Cloe WASEY- comment on the exchange system.]