On today's show:

- First, the breaking news: Sen. Ted Stevens found guilty in corruption case

- And later, your money:
o on the bailout – what happens if the banks just pocket the money?
o what might a "global recession" mean for you and me?
o How to define socialism?

"Alaskan senator Ted Stevens was found guilty today of lying about free home renovations and other gifts he received from a wealthy oil contractor. The Senate's longest-serving Republican was convicted on all seven counts of making false statements on Senate financial documents." Seth Colter Walls, reporter for the Huffington Post has the latest on this breaking news

And, we'll take a look at the economy with Robert Reich. What will a "global recession" mean for you and me? And on the bailout – what keeps the banks from just pocketing the bailout money? Reich is Professor of Public Policy at the Goldman School of Public Policy at the University of California, Berkeley. He served in three national administrations, most recently as secretary of labor under President Bill Clinton. And his latest book, "Supercapitalism "(2007) is now out on paperback.

Plus, your calls.

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