This program is 29 minutes long
(White House: Chip Reid) The reaction to President Obama's three moves to help the economy examined; details given of the poll findings on the impact of the stimulus bill and help to homeowners and the banks and of Obama's promises on the deficit. [OBAMA - defends the stimulus plan; states we cannot sustain deficits without end.] [In response to question from Senator John McCain, OBAMA - jokes about the helicopters and about Representative Eric Cantor.] [Outside the White House, CANTOR - comments on the spirit of today's meeting.] The likelihood that former Washington governor Gary Locke will be the Commerce Secretary noted.
(Studio: Katie Couric, Anthony Mason) The drop in the Dow Jones Industrials with slumping stocks given, word of another government plan to convert aid to Citigroup that would give the government partial ownership and the "stress tests" that go after the 20 biggest banks discussed.
(Washington: Sharyl Attkisson) The government report on tax shelters being set up by financial institutions receiving taxpayer bailouts examined; scenes shown from exotic places that are tax havens like the Cayman Islands; details given about the annual costs of tax havens. [July 17, 2008, in shadow, MAN - testifies about keeping clients out of reach of the tax man.] [Former Congressional tax investigator Dean ZERBE†- outlines what should be done about avoiding taxes.] Statement from AIG insurance quoted.
(LaGuardia Airport: Richard Schlesinger) A radar system to detect birds that is already used by the Navy and Air Force but not civilian aircraft featured; scenes shown of a crashed Air Force plane that collided with geese in 1995; details given about how the system works and the NTSB recommendations to the FAA about bird strike avoidance systems. [Dover Air Force Base, Delaware, Lt. Col. Lee LANDIS- says the system helps us avoid birds.] [Former NTSB member John GOGLIA- says the FAA's slow approach is not acceptable.] [University of Illinois professor Edwin HERRICKS- cites "due diligence" about a system.] Footage of US Airways Flight 1549 that splash landed in the river shown.
(Cedar Rapids, Iowa: Dean Reynolds) The situation in Cedar Rapids, Iowa, where government red tape is holding up the recovery from last year's flooding, featured; scenes shown of a rebuilt home and rows of deserted homes. [Rebuilding homeowner Linda SEGER- talks about her family house.] [Mayor Kay HALLORAN- talks about the buyout.] [Iowa state senator Rob HOGG- says federal money comes with all kinds of rules.] [Flood victim Doug WARD- comments.]
(New York: Jeff Greenfield) The state of the newspaper business examined; details given the finances of specific papers and the deeper problems for the print press, including declining ad revenues and new technology. [Newser.com founder Michael WOLFF- says newspapers are going away; outlines the news consumer's point of view.] [USC school of journalism director Geneva OVERHOLSER- says we don't have a menu to replace newspaper.]
(Valparaiso, Florida; Mark Strassmann) The story of Molly, a horse rescued after Hurricane Katrina that was mauled by a pit bull and lost a leg, presented; scenes shown from Valparaiso, Florida, of the pony with a prosthetic leg who bonds with kids. [Molly's owner Kaye HARRIS- talks about Molly, a survivor who gives people help.] [Cancer survivor and mother Ben and Kim BALTZ- say Molly is like Ben.]