U.S.-Japan Trade; Bill Carter; 'The Lesson of the Hour'; Frank Browning

The root causes of the trade problems between Japan and the U.S. are debated by a panel of journalists and academics. Media reporter Bill Carter introduces "The Late Shift," in which he chronicles the intense competition for succession to "The Tonight Show" after Johnny Carson's retirement. Charlie shares a conversation between Bill Moyers and actor Fred Morsel, who describes his reenactment of Frederick Douglass' last speech, "The Lesson of the Hour" — 100 years ago to the day. Frank Browning, author of "The Culture of Desire: Paradox and Perversity in Gay Lives Today," memorializes journalist Randy Shilts — a key figure in gay journalism, who passed away today.