TARP To Expire With Losses Just A Fraction Of Estimates
Anger over the $700 billion Troubled Assets Relief Program, or TARP, became a rallying cry in the Tea Party movement and it remains the focus of voter rage today. The program is set to expire Sunday, and officials now estimate that the total cost to taxpayers will be under $50 billion, with a chance that the program might actually make a small profit. Supporters say it saved the country from another depression, critics say it was a giveaway to irresponsible bankers. We take stock of the program with Binyamin Appelbaum, financial reporter for The New York Times.
Changing The World, One Typo At A Time
In 2007, Jeff Deck went on a mission to correct glaring errors on America's public signs. Armed with markers, chalk and correcting fluid, Deck and fellow grammar warriors fixed signs across the country. Along the way, they encountered resistance, indifference, enthusiasm and even the long arm of the law. We speak to Jeff Deck and Benjamin Herson about their new book "The Great Typo Hunt: Two Friends Changing the World, One Correction At A Time."
On The Road With China's Car Clubs
With car ownership exploding in China, car owners are flocking to clubs that foster a sense of community in a culture where people are often isolated. The BBC's Martin Patience tags along with one of the groups as they go for a drive.
Hospital Chain Responds To Cost Criticism
Sutter Health has cornered the market in Northern California, buying up 20 hospitals over the past 30 years. A recent Bloomberg Businessweek investigation found that by consolidating the market, the hospital chain is able to charge 30 to 70 percent more for typical procedures than its competitors. Businessweek says Sutter controls the market and insurers have no choice but to pay the higher rates. Sutter Health Senior Vice President and Chief Financial Officer Bob Reed responds to that criticism.
British Quartet Get The 'Hang' Of It
The Portico Quartet is a group of twenty-something Brits who play a mixture of jazz and world music centered around an instrument called "the hang." Invented a decade ago in Switzerland, the hang looks like two Chinese cooking woks welded together, sounds a bit like a marimba or gamelan and produces dreamy harmonic tones. Nominated for a 2008 "Mercury Prize," the Portico Quartet is on its first U.S. tour to promote its new release "Isla." We talk with saxophonist Jack Wyllie and bassist Milo Fitzpatrick.
Music From The Show
- Volcano Choir, "Sleepymouth"
- Ken Vandermark, "New Acrylic"
- The Rolling Stones, "She's So Cold"
- Jimi Hendrix, "Crosstown Traffic"
- Steve Earle, "Amerika v6"
- The Lickets, "Meat City"
- Ahmad Jamal, "Patterns"
- The Portico Quartet, "The Visitor"
- The Portico Quartet, "Knee Deep In The North Sea"
- The Portico Quartet, "Paper, Scissors, Stone"
- The Portico Quartet, "Clipper"
- The Portico Quartet, "Isla"
- The Portico Quartet, "SuBo's Mental Meltdown"