Stream the show live at 9 a.m.

Hyperlocal: Patch, AOL’s big push to bring hyperlocal journalism—think neighborhood-level news—to the masses seems to be struggling. The numbers don’t indicate that the public wants it. Bob Garfield, host of the public radio show On the Media recently declared that hyperlocal news is not a workable model. He comes on Eight Forty-Eight to make his case. Hyperlocal publisher Mike Fourcher explains why the critics are wrong. And Rich Gordon from Northwestern University shares what he’s learned from years of experimentation. Do you care about hyper local journalism? Call in at 312.923.9239.

Schmidt: WBEZ history blogger John Schmidt remembers Jesse Binga, who established Chicago’s first black-owned bank.

Green real estate: Dennis Rodkin, who writes the Deal Estate column for Chicago magazine, says that Chicago’s real estate listings have started to include more information about the “greenness” of properties.