To the Point

Everybody understands the hourly wage contracts the United Auto Workers agreed to with GM and Chrysler. But only Wall Street knows how or why investment bankers get bonuses worth tens of millions of dollars. Are Washington's bailouts punishing transparency, rewarding stealth and preserving the income gap? Also, Toyota expects its first operating loss since 1941, and another White House tries to control the historical record.

Barack Obama has picked a secretary of education who’s endorsed both sides of the raging debate over how to improve American schools. Will he become an agent of change or will splitting the difference reinforce the status quo?  Why is Obama so focused on early childhood education? Also, the White House steps in to bail out automakers, and despite an international military crackdown, another band of Somali pirates is about to collect millions in ransom money.

As many as 15 million infected computers may be sending spam and disrupting Internet networks around the world. Cyber-warfare is a real threat to national security and the economy. We talk about how it works, who should take charge of cyber-defense and how civil liberties can be protected. Also, Barack Obama picks a a securities-industry regulator to lead the SEC. On Reporter's Notebook, will the Kennedy dynasty rise again?  

Sophisticated people and institutions worldwide fell victim to Bernard Madoff’s Wall Street Ponzi scheme, not to mention the Securities and Exchange Commission.  How come they all got taken for $50 billion dollars when others so clearly saw fraud? Also, Governor Rod Blagojevich vows to break his silence as impeachment proceedings proceed, and 63 percent of Americans say the country's in the midst of long-term economic decline.

Last week a unanimous bipartisan Senate report accused high Bush Administration officials of approving abusive interrogations. Now Vice President Cheney confirms that he was on board. Will Barack Obama investigate or leave the recent past to future historians? Also, Obama's cabinet continues to take shape. On Reporter's Notebook, does the Federal Reserve’s benchmark interest rate still matter?

Barack Obama wants big federal spending to rebuild infrastructure, promote green technology and create or save 2.5 million jobs.  We look at the benefits and the risks of what he calls a "jolt" to the flagging economy? Also, Illinois Governor Rod Blagojevich is likely to face impeachment, and the shoes that shook the Arab world.

Is politics for public service or personal gain? That’s one of the many questions raised when a US Senate seat is put up for sale. We talk about what constitutes corruption in a political system based on trading favors. Also, the latest on the Big Three bailout, and Bush, Obama and closing Guantánamo Bay.

As debate began in the Senate today, Republicans still opposed the Big Three bailout passed last night in the House. Are Southerners unwilling to prevent an economic disaster in the Midwest? Is more "nationalization" really a bad idea? Also, Barack Obama picks Tom Daschle to head the Department of Health and Human Services, and the US wants the UN to track down Somali pirates on land as well as by sea.  

Next week, OPEC will be meeting about the price of oil: down from $147 a barrel last July to $44 today. Meantime, the price of gasoline in the US just might go to a dollar a gallon. That's good news for consumers, but trouble for global warming and international stability. Also, the White House and Congressional Democrats make a deal on the auto bailout, and the latest on the political scandal in Barack Obama's home state.

New official statistics reveal the cost of Mexico's drug wars: Five thousand have been killed this year, one thousand during last month alone.  What's the risk of brutal violence crossing the border? Also, Illinois Governor Rod Blagojevich has been taken into federal custody, and Blackwater security guards are charged in a US court with manslaughter in Iraq.