A new 'national bank' plan by the Federal Reserve will allow the government to lend out up to 800 billion more dollars to banks and businesses.
This is just the latest attempt to bail out the failing financial system in the US.
KBOO's Jenka Soderberg spoke with Mark Weisbrot of the Center for Economic and Policy Research about the economic crisis, and Obama's planned response.
Melinda Bernert hosts a pilot program called "Mediaocrity," which looks at how local media covers or doesn't cover the issues we care about. She'll speak with Eric Boehlert, who writes for Media Matters about the layoff trend of newspapers and other media outlets. Layoffs of the most experienced and expensive employees leaves a huge hole in knowledge, institutional memory and experience. The Oregonian and Columbian have layed off 150 employees in the last nine months