Global Warming and the Rush to the Arctic

Hosted by

Global climate change is melting the ice above the Arctic Circle, creating a rush to control new shipping lanes and untold riches beneath the sea.  Will the Russian flag beneath the North Pole be a "Sputnik moment" for the United States? We hear about domestic politics and the potential for international conflict. Also, Mattel issues a second recall on toys from China and, on Reporter's Notebook, the Pentagon and an international arms dealer famous for working both sides of the fence.

Russian adventurer and Duma deputy Artur Chilingarov holds up a photo of the flag he planted in the North Pole to lay claim to potential natural resources. Photo: Natalia Kolesnikova/AFP/Getty Images