Business Daily visits Latvia to learn what the word austerity really means. Their Prime Minister says it's better to do it early and make the cuts deep. So what can the rest of Europe, which is now embracing austerity, learn from Latvia's experiences? Plus Lesley Curwen talks to Christian Marks, who produces the in-flight magazine for Afghanistan's Safi Air. And our regular commentator Lucy Kellaway considers whether leading hedge fund manager, Ray Dalio, can teach us wisdom.

What effect does always waiting for the next email have on the brain? Two scientists, David Strayer, professor of psychology at the University of Utah and Art Kramer, professor of psychology & neuroscience at the University of Illinois, took part in an experiment to cut themselves off from phone and email contact. Lesley Curwen talks to them about what effect it had. We also look at whether email managers can sort our messages into wheat and chaff, and how to get to grips with your inbox.

Lesley Curwen reports from Cowes, the historic home of sailing on the Isle of Wight, which is tucked under the southern coast of England. She gets soaked to the skin with saltwater as she tries out the most extreme form of corporate hospitality - catamaran racing with Olympic medal winning sailors. But can a sporting event like this, designed primarily to make a commercial return, succeed as a sport? Lesley speaks to Mark Turner the chief executive of the OC group, which organises the event. He tells Lesley the series was created specially for the financial company ishares. The company wanted a sports event tailor-made for them as sponsors, which focussed on giving VIP clients a different kind of experience. So what do sponsors get for their money in sailing, or in fact in any sport? Henri Lloyd, which makes sailing gear and fashion garments, sponsors lots of these events and its joint chief executive Paul Strzelecki, tells Lesley how effective the sponsorship is.

Is America about to do the double-dip, with consequences for the rest of the world? Or will there be a long, but painfully slow recovery? To discuss this, Lesley Curwen turned to the head of the American Action Forum think-tank, Douglas Holtz-Eakin, and to Michael Pento, senior economist at Euro Pacific Capital in New York. Plus, country and western singer Merle Hazard - the Stetson-clad alter-ego of Jon Shayne who is an investment manager in Nashville, Tennessee. He sings about double dipping, the credit crisis and the economic troubles of Greece. And our regular technology commentator Jeremy Wagstaff explains how a phone can become a book.

Why is Iraq's electricity supply still woefully short of what's needed? The BBC's Hugh Sykes reports from Baghdad. Plus Lesley Curwen asks Iraq's former electricity minister Dr Aiham Alsammarae, if America is to blame for the chronic lack of power. And Lesley speaks to Nic Hammarling, a workplace psychologist at Pearn Kandola, about why health and safety rules make us so cross.