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Prologue

Host Ira Glass talks to his dad and stepmom about a story his dad thought might be good for the radio, concerning a mishap with a lost suit on a train. Ira then gathers the producers and announces a contest: Whoever makes the best story out of their parent's pitch wins.

Act Two: Foul Play

Ira with This American Life producer Alex Blumberg, about a kind of institutionalized crybabying in pro basketball called "the flop." Alex started to wonder if the story basketball fans tell themselves about the origins of the flop is true, and turned to Tommy Craggs at the sports blog Deadspin.com.

Act One

The rise of NUMMI, or how one of the worst auto plants in America started producing some of its best cars, thanks to lessons learned from the Toyota production system.

Act One: Hasta La Vista, Maybe

In California, Maryland and Oklahoma, the governors can over-rule parole boards' decisions to free prisoners serving life sentences. In all three states this has evolved to the point where very few prisoners get released.

Act One: Mister Fix It

Richard Ravitch has helped fix three governmental crises, including when New York City nearly went bankrupt in 1975. What's changed, to make it so much harder for him to solve the state's current financial crisis? Host Ira Glass reports.

Act One: Eat My Shorts

A hedge fund named Magnetar comes up with an elaborate plan to make money. It sponsors the creation of complicated and ultimately toxic financial securities...while at the same time betting against the very securities it helped create. Planet Money's Alex Blumberg teams up with two investigative reporters from ProPublica, Jake Bernstein and Jesse Eisinger, to tell the story.