Weekend Edition Saturday

In the late 1880s, a silver strike turned the dusty town of Tombstone, Ariz., into a cosmopolitan hot spot. There were casinos, oyster bars and shops filled with the latest Paris fashions.

But when the silver ran out, Tombstone almost died. Only one thing has kept it alive for the past century: the 1881 shootout at the O.K. Corral, re-enacted daily.

It is said of Shannon Powell that he's part of New Orleans' musical DNA — that he knows things only local drummers know.

Powell, 49, is the A-list drummer in town. He's played with Dr. John, Harry Connick Jr., Nicholas Payton, R&B guitarist Earl King and Wynton Marsalis and the Jazz at Lincoln Center Orchestra.

Transcript

SCOTT SIMON, HOST:

As Phil reported, things are still pretty tough for the people of Ireland, but there's one man who thinks things there will start to look up before too long. He's prepared to put money on it, billions in fact.

Michael Hasenstab is what's known as a contrarian investor. He's just about the only person prepared to bet that Ireland's fortunes will greatly improve over the next couple of years. Michael Hasenstab joins us from Templeton Investments in San Mateo, California.

Thanks for being with us.