An estimated 210,000 gallons of oil a day are spewing into the Gulf of Mexico from the ruptured Deepwater Horizon well. President Obama is warning of a "potentially unprecedented environmental disaster." But, reporter John Broder of the New York Times tells us that the blowout is not unprecedented, nor is it the worst oil accident in history.

British Petroleum has dumped 100,000 gallons of chemical dispersants into the Gulf of Mexico to break up the oil, so that it doesn't float to the surface. So far, the dispersants have been working, but at what cost? Abrahm Lustgarten of Propublica.org tells us some experts are worried the dispersants could harm sea life and possibly cause health problems for humans.

On the heels of a government plan to cut wages and pensions, public sector workers in Greece are going on strike and staging protests. The country's financial crisis is forcing the Greek government to slash spending in return for a rescue package from the International Monetary Fund. The BBC's Malcom Brabant joins us from Athens.

The Governor of California is facing dismal approval ratings among voters, but some suspect 62 year old Arnold Schwarzenegger is hoping to rebound in the public's eye with a return to Hollywood. His final term in office is coming to an end, and he's already banked a small role in a big summer flick called "The Expendables" with other aging action stars like Sylvester Stallone and Bruce Willis. So is this a sign of things to come? Steve Zeitchik with the Los Angeles Times is our guest.