Stocks markets the world over remain volatile today, following steep drops in overseas markets the last two days. The Fed made a surprise announcement this morning saying it would cut two key interest rates, but U.S. markets plunged 300 points within minutes of the opening bell. We speak with Nariman Behravesh, chief economist for the economic forecasting firm, Global Insight.

New York Times journalists Damien and Diana Cave are just back from a year covering Iraq. We'll speak with them about what they saw there and how the experience has affected their marriage.

Environmentalists, Native Americans, farmers, fishermen and government agencies have all signed on to an agreement to bring down four dams on the much-fought-over Klamath River that flows through Oregon and northern California. Bringing down the dams would bring endangered wild salmon back to the Klamath. We speak with Peter Sleeth, editor of The Oregonian newspaper.

With the actual Academy Awards ceremony in jeopardy due to the Writer's Guild of America strike, Hollywood announces the nominees for this year's 50th annual Oscar Awards. Boston Globe Film Critic Wesley Morris gives us the latest from his perch at the Sundance Festival in Utah.

Jazz singer Holly Cole has had a huge success in her native Canada. Now she's taking on the United States with her new self-titled CD which is being released today.