Segments From this episode

Behind the Waterfall Committee investigation

Jun 27, 2006
Host Tess Vigeland talks to investigative reporter Steve Henn about his recent discoveries over Alaska fishing trips lawmakers took with top energy executives.
Reporter Steve Henn

Univision finally scores a buyer

Jun 27, 2006
The nation's dominant Spanish-language TV network has been on the block since February. Now a group of private equity companies led by Hollywood mogul Haim Saban is reportedly paying $12.3 billion. Lisa Napoli reports.

What makes people happy? Check the database

Jun 27, 2006
Commentator and economist Kevin Hassett consults some exhaustive research on what makes people happy. Money isn't always the answer.

Flood insurance reform

Jun 27, 2006
Flooding shut down parts of Washington, D.C., today as a hearing on Capitol Hill considered changes to federal flood insurance. In the wake of Hurricane Katrina, there's growing consensus the program must be reformed so taxpayers don't get soaked. Scott Tong reports.

Fed gets transparent on inflation

Jun 27, 2006
The Federal Reserve is expected to raise interest rates another quarter-point on Thursday. Fed officials have made it pretty darn clear they intend to stay tough on inflation. Maybe even a little too clear? Amy Scott reports.

Foamgate: Mystery of an endangered flower

Jun 27, 2006
When a rare wildflower appeared in a Northern California plot of land designated for a new subdivision, the real estate developer cried foul. Was it an act of nature or genteel eco-terrorism? Brendan Newnam reports.

Mr. Paulson goes to Washington

Jun 27, 2006
Henry Paulson brought his Wall Street bonafides to Capitol Hill today. At his Senate confirmation hearing, the nominee for Treasury secretary addressed a wide range of issues, including the bloated federal deficit.
Treasury Secretary nominee Henry M. Paulson Jr. testifies during his confirmation hearing on Capitol Hill June 27, 2006  in Washington, DC.
Chip Somodevilla, Getty Images

Can biotech save an old mill town?

Jun 27, 2006
What happens when a town's only major employer goes under? How do you position yourself for a job in the industry that replaces it? Folks in Kannapolis, N.C., are hoping a new biotech campus will bring the local job market back to life. Simone Orendain reports.