An Age of Austerity: Can It Happen Here?

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Global economic realities are leading to big changes in the welfare states of Europe. Will the US see an Age of Austerity after next week's elections? Also, Indonesia devastated by a double whammy of both a tsunami and volcano. On Reporter's notebook, despite promises of action going back to 1992, more species are on the brink of extinction. We get a non-progress report.

Banner image: Three women hold signs supporting social security and medicare as thousands of activists march during the 'One Nation Working Together' rally on the National Mall between the Lincoln Memorial and Washington Monument in Washington, DC, October 2, 2010. Photo: Saul Loeb/AFP/Getty Images