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Traders look at a screen at Madrid's Stock Exchange. (AP)
Traders look at a screen at Madrid's Stock Exchange. (AP)

The Day After Wall Street's Bungee Jump

A strong surge in hiring and a modest rise in hourly earnings is buoying Wall Street after yesterday's sharp plunge and partial recovery. Officials are still trying to figure out what exactly happened, but many analysts say even if it turns out to be a trader error, the drop reveals the fear stalking financial markets. Our guest is Michael Santoli, associate editor of Barron's.

Rushing To War In 1898

The Spanish-American War happened more than 100 years ago, but the conflict transformed American foreign policy, turned the United States into a global empire, and echoes the war in Iraq. Newsweek's Evan Thomas tells the story in his new book, "The War Lovers: Roosevelt, Lodge, Hearts, And The Rush To Empire, 1898," and he joins us to talk about it.

'The Country Has Spoken- But We Don't Know What They've Said'


Less Care For Patients And Less Income For Doctors

Health care costs have spiraled out of control in the U.S. — partly because of chronic overuse. We speak with Jonathan Gruber, an economist at MIT, about ways to control spending. Gruber says two things need to happen:  patients need to get less care than they now demand, and providers need to earn less money than they now earn.

ABC's LOST: What The Heck Is Happening?!?

Music From The Show

  • Death Cab for Cutie, "Information Travels Faster"
  • Sonic Youth, "Peace Attack"
  • The Mercury Program, "Saint Rose of Lima"
  • Geronimo Jackson, “Dharma Lady"

This program aired on May 7, 2010.

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