This podcast is supported by Emerson.

From technology that delivers cures at warp speed

to software that makes clean energy reliable,

Emerson Innovation helps make the world healthier,

safer, smarter, and more sustainable.

Emerson, go boldly.

The U.S. Reddy's strict new asylum rules

amid a surge in illegal border crossings.

Plus Warren Buffett calls for more accountability

for bankers following recent turmoil

and from eliminating holidays to raising the retirement age,

countries struggle to balance budgets

in an era of higher costs.

They either raise taxes or they cut spending

and they cut benefits,

and the public isn't going to be happy about either one of those.

You know, they call economics the dismal science for a reason.

There's always a trade-off.

You don't ever get anything for nothing.

It's Monday, May 8th.

I'm Luke Fargaz with the Wall Street Journal,

and here is the AM edition of What's News,

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