This program is 29 minutes long
(Washington: Whit Johnson) The countdown to the August 2 deadline for raising the debt limit with credit ratings already threatening to lower the rating examined; credit and investment statistics cited. [Moody's Analytic economist Mark ZANDI- says this is approaching the unprecedented; predicts financial markets will grow unrestful.] [Bloomberg TV's Peter COOK - comments on the credit ratings.]
(Studio: Russ Mitchell) Live discussion held with University of Maryland economics professor Peter Morici about credit ratings. [MORICI- says the US debt is growing too rapidly so our AAA rating is threatened; outlines what could happen to the world view of the US.]
(London: Dana Lewis) The apology from media mogul Rupert Murdoch for the tabloid newspaper hacking scandal in his global empire featured; newspaper ad shown; details given of the resignation of Rebekah Brooks and Dow Jones CEO Les Hinton, coming hearings in Parliament and the actions of Prime Minister David Cameron about his ties to the Murdochs. [Dowler family lawyer Mark LEWIS, parliamentarian Tom WATSON - comment on the crimes.]
(Los Angeles: Bill Whitaker) The work on the bridge that has closed the I-405 freeway in California featured; scenes shown; details given about the hype that scared motorists off the road and the canyon crisis that never happened. [Two CALIFORNIANS - react.] How 405 links the communities of Westside and the San Fernando Valley explained with maps.
(Jadu: Mark Phillips) The rebel-controlled area of Libya featured; scenes shown from Jadu of the isolated mountain clans fighting in the rebellion and recruits training. [Two REBELS - says he is a lawyer; worries about war.]
(Tokyo: Lucy Craft) The changing lifestyle in post-nuclear Japan featured; scenes shown of casual wear replacing formal wear at the office; details given of the efforts to cut electricity use in a country with humid summers. [Former environment minister Yuriko KOIKE- says people thought taking off jackets/ties were rough.]
(Washington: Bill Plante) A display at the Smithsonian Air and Space Museum of NASA art featured; scenes shown of some of the paintings. [New York artist Barbara PRAY- talks about her painting of the launch of the Columbia.] [Art overseer Burt ULRICH- shows the art.]