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RENEE MONTAGNE, HOST:

And for the past few months, global stock markets appeared to be on an escalator going up, relentlessly reaching new highs. This week, that ride seems to be over - or maybe not. To find out, we turn, as we often do, to David Wessel, he's the economics editor of The Wall Street Journal.

Good morning.

DAVID WESSEL: Good morning, Renee.

MONTAGNE: David, put the stock markets into perspective for us. Apart from the day-to-day ups and downs, which we have been seeing, how have the markets been doing?

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DAVID GREENE, HOST:

More now, on the new federal health care law. States are preparing for that law to take effect. In California, officials have now unveiled plans and prices from millions of residents who will be using a new health insurance exchange two purchase their coverage next year. This is a key test of the federal health law's ability to draw competitive bids from insurance companies.

Sarah Varney reports.

As the 100th anniversary of Igor Stravinsky's ballet The Rite of Spring approaches, commentator Miles Hoffman reminds us that — as earthshaking as that infamous debut was — the composer soon branched out into a variety of musical styles that would surprise his fans and critics.

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MELISSA BLOCK, HOST:

The Boy Scouts ban on openly gay scouts is coming to an end. That's the result of a vote held today by the leadership of the Boys Scouts of America.

WAYNE PERRY: Our vision is to serve every kid. We want every kid to have a place where they belong, to learn and grow and feel protected.

The Boy Scouts of America has agreed for the first time to allow openly gay boys as members, but a vote of the organization's National Council left in place a ban on gay Scout leaders.

The Associated Press reports that of the local Scout leaders voting at their annual meeting in Texas, more than 60 percent supported the proposal. The policy change approved by the 1,400-member National Council would take effect Jan. 1, 2014, the organization said.

Lois Lerner, the IRS official who oversees the branch of the agency that targeted conservative groups, has been placed on administrative leave a day after she refused to answer questions in a congressional probe of the scandal.