This program is 29 minutes long
(White House: Jim Axelrod) The consideration by Congress of a financial bailout for the auto industry examined; auto industry statistics cited; scenes shown of a new Honda plant; details given about the industry's argument for help. [GM CEO Rick WAGONER - cites the urgency.] [Senator Carl LEVIN - asks can we give up on the industry.] [White House press secretary Dana PERINO- comments on helping.] [On "60 Minutes," President-elect Barack OBAMA - says a complete collapse of the auto industry would be a disaster.] [Center for Automotive Research David COLE- says this is a fragile web.] The idea of a bailout with serious consideration discussed.
(Studio: Katie Couric) Statement from Treasury Secretary Henry Paulson that he will not spend the second half of the bailout money noted.
(New York: Priya David) The issue of executive bonuses for Wall Street investment firms examined; details given about the announcement by Goldman Sachs and UBS that top executives will forego bonuses. [Compensation consultant David SCHMIDT- says to receive bonuses would appear "piggish"; comments on the executive bonus deals.] [New York attorney general Andrew CUOMO - says people are upset by the bailout.]
(Los Angeles and Oakridge: John Blackstone) The impact of the fire fueled by the Santa Ana winds featured; scenes shown from Oakridge and Sylmar of burned trees and homes. [Residents Rick ASAVIS, Una Mae MERKEL, Los Angeles fire department assistant chief Craig FRY, Los Angeles police department Capt. Phil FONTANETTA, resident Deborah MIDDLETON- describe what happened in the fire.]
(Chicago: Dean Reynolds) President-elect Barack Obama's meeting with former opponent Senator John McCain today featured; details given from their joint statement on the need for a new era of reform and about the issues for bipartisanship. [OBAMA, McCAIN - talk football and about working together.] [For "60 Minutes," OBAMA - says there will be a Republican in the cabinet.] [Politicio.com editor Jim VandeHEI- assesses McCain's position.]
(Studio: Jeff Greenfield) The intriguing possibility of Senator Hillary Clinton becoming Secretary of State under President-elect Barack Obama examined; details given about the tricky aspects of such an appointment due to the web of former President Bill Clinton's philanthropic and business ties. The perils for Obama in putting Clinton in such a powerful job and the Lincoln idea of reaching out to one-time rivals discussed.
(New York: Armen Keteyian) The SEC charges of insider trading against pro basketball team owner Mark Cuban examined; details given about his sale of shares in mamma and about the mad world of a maverick businessman, who bought the Dallas Mavericks in 2000. [Portfolio.com news editor Megan BARNETT- says it was stupid insider trading.]
(London: Mark Phillips) The hijacking of a Saudi Arabian oil tanker off the coast of Africa in the Indian Ocean featured; scenes and photos shown. [Voice of US Navy Cmdr. Jane CAMPBELL- talks about the vast size of the ocean.] [Ship captain Colin DARCH- cites the pirates' arms.]
(Stockton, California: Ben Tracy) The opportunities for a rare breed of real estate agents and businessmen due to the mortgage mess featured; scenes shown from Stockton, California, of broken-down foreclosed homes. [Realtor John OCCHI- talks about the thrift store mentality.] [Sign company Dom RENDAN, Greener Grass Co. owner Nick TERLOUW- says the business is about foreclosure.]