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Prologue

Host Ira Glass talks with Andy Woolworth, an executive vice president in charge of new product development at the world's largest manufacturer of mousetraps, Woodstream Corporation, in Lititz, Pennsylvania. About once a month, Andy is contacted by someone who thinks he's invented a better mousetrap.

Act Two: The Plan

American cities have gone through a massive wave of gentrification in the last few decades. To some people, it's not a natural ebb and flow of the real estate market, but a plot, by rich, mainly white people, to take over the neighborhoods of poor, mainly black people. This American Life producer Jon Jeter reports on how, in neighborhoods all over the country, the plot has a name, "The Plan," and most people you talk to know about it.

Act Two: State College

While McCain gathers stray Democrats, Obama is trying to find new ones—in the reddest part of the state. To do that, his campaign has launched enormous registration drives, especially among college students.

Act Two: Now You SEC Me, Now You Don't

TAL producer Alex Blumberg reports on a peculiar Wall Street practice with a dirty-sounding name—naked short selling—and how one of Wall Street's main regulators, the chairman of the Securities and Exchange Commission, doesn't seem all that interested in regulating anything. (20 minutes) Alex's story is also going to be on NPR's new Planet Money podcast...which came about after our Giant Pool of Money show, the show Alex did on the mortgage;crisis with NPR's Adam Davidson.

Act One: Hard Times

Studs Terkel, the Chicago reporter who recorded oral histories of ordinary Americans, died last week. We assembled a collection of his work from his Hard Times radio series, in which people talk about their experiences during the Depression—how everyone simultaneously became poor, regardless of their class.