This week, the Senate Finance committee is set to release the first draft of their health care bill. In fact, the proposed legislation was originally slated to be released today ... so what's holding things up? Here to explain the unfinished details is our own Washington correspondent, Todd Zwillich. Plus, this bill might contain plans for cooperative health insurance providers. Listeners asked us to explain what these companies look like, so we called up Peter Fallow, CEO of Group Healthcare Cooperative of Eau Claire, Wisconsin, and Timothy Jost, law professor and health policy expert.
As President Obama spoke on Wall Street about the urgent need for tighter financial regulation, a federal judge issued a scathing ruling about how poorly regulators have been doing their job. The judge rejected a $33 million settlement between the SEC and Bank of America, saying the SEC's accusations of inadequate disclosure by the bank over bonuses paid at Merrill Lynch must now go to trial. We talk to Louise Story, Wall Street and finance reporter for our partner, the New York Times.
One of the best tennis players of all time, Roger Federer, was defeated by Argentinean Juan Martin del Potro in a heated US Open match last night. This week also saw the kickoff of Monday Night Football with a series of fierce regional rivalries, including the Buffalo Bills and the Patriots. Breaking it down for us is Ibrahim Abdul-Matin, our own sports contributor.
Watch Juan Martin del Potro's winning point at his first US Open win against Roger Federer:
President Obama set off a trade dispute on Friday when he announced that the U.S. would impose a 35 percent tariff on imported Chinese tires. China retaliated by launching an investigation into whether the U.S. is dumping cheap chicken and automotive parts into China's marketplace. How is all this playing out in the U.S. business scene? We talk to Mike Cockrell, the chief financial officer of Sanderson Farms in Laurel, Mississippi; and Ross Kogel, the president of Tire Wholesalers International in Michigan.
We pay tribute to two people who died this week: James Carroll – author, poet, punk rocker – who passed away on Monday at the age of 60, and Patrick Swayze, who died yesterday at age 57 after a long battle with pancreatic cancer.
They can't wait for Amazon.com to ship it. They can't wait until 9 a.m. for Barnes & Noble to open. They are Dan Brown's biggest fans, and they can't wait even a minute past midnight to get a hold of his new book, "The Lost Symbol," on the day of its release. We speak to Tom Holbrook, the owner of River Run Bookstore in Portsmouth, New Hampshire, who kept his doors open last night until 1 a.m.
"What a lot of people forget is that "The Da Vinci Code" was really fascinating and attention-grabbing. It was this sort of hand grenade book. It seemed like a thriller, but it just unpacked all of these crazy ideas."
—Tom Holbrook, owner of River Run bookstore, on why crowds are so avidly anticipating Dan Brown's newest book
As we await the peak season for the H1N1 virus, one simple act may prevent the spread of infection: washing your hands. According to new research in the journal Risk Analysis, one-third of the risk for H1N1 infection comes from hand-to-face contact. We talk with Tara Parker-Pope, who writes the "Well" column for the New York Times, about why the routine act of washing your hands can have such big consequences for public health.
On the one-year anniversary of the Lehman Brothers bankruptcy, President Obama visited New York City to make a case for expanding federal regulation of Wall Street. To parse the President's speech and the impediments to regulatory reform as the economy's nosedive slows, we speak with Arthur Levitt, a senior advisor at the Carlyle Group and former chairman of the U.S. Securities and Exchange Commission. We also speak with Peter Morici, an economist and business professor at the University of Maryland.
"We have institutions, banks, who are too big to fail. The government has taken the position of salvaging just about every major financial institution in America. That has a vast, vast danger to the system. "
—Arthur Levitt, senior advisor with the Carlyle Group and former Chairman of the Securities and Exchange Commission, on the danger inherent in saving large financial institutions
Public outbursts and their consequences seem a lot more common, of late. Last week, Representative Joe Wilson (R-South Carolina) heckled the president during an address to both houses of Congress, and now faces a possible Congressional censure. This week, Serena Williams lost her cool (not to mention $10,500 in fines) when she lashed out at a line judge at the U.S. Open. Kanye West appeared on Jay Leno's show last night to apologize after he broke script at Sunday's MTV Video Music Awards and grabbed the microphone from Taylor Swift to praise Beyonce's video.
For more on public outbursts, we talk to Randy Cohen, who writes "The Ethicist" column in the New York Times Magazine and Latoya Peterson, editor of the online blog Racialicious.
Watch Kanye West on The Jay Leno Show apologizing for his outburst:
Muntazer al-Zaidi, the man jailed for throwing his shoes at former President George W. Bush, was released from prison yesterday. Hugh Sykes is a foreign correspondent for our partners, the BBC. He speaks to us today about al-Zaidi's release and allegations of torture.
Yesterday, we asked listeners to send us questions about health care. From "insurance co-ops" to "sole proprietorship," our very own Washington correspondent and healthcare whiz Todd Zwillich addresses listeners' queries, conundrums, and confusion over health care reform.
American forces have killed one of the most wanted Islamic militants in southern Somalia. Saleh Ali Saleh Nabhan was the ringleader of a Qaeda cell in Kenya. For more details, we talk to Jeffrey Gettleman, who's covering the story for our partner, the New York Times.
Since Senator Edward Kennedy’s death last month, everyone – from his family members and friends to politicians and pundits – has been talking about about his life and legacy. But now, we can read his life story in his own words. Senator Kennedy's memoir, "True Compass," hit bookstores yesterday. Kennedy wrote the book with co-author Ron Power; our guest, Jonathan Karp, edited it. Karp is editor-in-chief of TWELVE, the book's publisher.
Retail sales jumped 2.7 percent in August, the biggest increase in three and a half years. The government's "Cash-for-Clunkers" sales factored into that jump, but even without that program, sales rose 1.1 percent. Do these numbers mean the economy's on the upswing? To help us answer this, we talk to Kelly Evans, reporter for the Wall Street Journal.