The Two-Way
10:00 am
Thu August 25, 2011

Merkel Back At No. 1 On Forbes' List Of World's Most Powerful Women

German Chancellor Angela Merkel on Wednesday (Aug. 23, 2011) in Belgrade.
Andrej Isakovic AFP/Getty Images

After a dip to No. 4 last year, German Chancellor Angela Merkel is back at No. 1 on Forbes magazine's annual "World's Most Powerful Women" list.

Merkel's four-year run atop the rankings was broken last year by Michelle Obama. But this year, by Forbes' reasoning, the first lady came in at No. 8.

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The Two-Way
9:15 am
Thu August 25, 2011

India's Prime Minister Asks Anti-Corruption Activist To End His Fast

Anna Hazare, a 74-year old anti-corruption crusader in India, is on the 10th day of a hunger strike. Today Prime Minister Manmohan Singh asked him to end his hunger strike saying parliament could discuss anti-corruption legislation.

Reuters reports:

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Crisis In The Housing Market
9:10 am
Thu August 25, 2011

Foreclosures A Third Of Sales; Mortgage Rates Rise

Foreclosure sales, which include homes purchased after they received a notice of default or that were repossessed by lenders, accounted for 31 percent of the market in the April-June quarter, RealtyTrac Inc. said.
Joe Raedle Getty Images

Foreclosures made up roughly one-third of all home sales this spring. While that's a smaller share of sales from the previous quarter, it's six times the percentage of foreclosures in a healthy housing market. Meanwhile, fixed mortgage rates edged up this week from their lowest levels in decades.

Foreclosure sales, which include homes purchased after they received a notice of default or that were repossessed by lenders, accounted for 31 percent of the market in the April-June quarter, foreclosure listing firm RealtyTrac Inc. said Thursday.

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Conflict In Libya
9:02 am
Thu August 25, 2011

What Should The U.S. Do Next In Libya?

Libyan rebels remove the green flags from poles at the Abu Salim square in Tripoli on Aug. 26 after the opposition forces announced the transfer of their leadership to the capital.
Patrick Baz AFP/Getty Images

Originally published on Wed May 23, 2012 9:31 am

With Moammar Gadhafi and his regime driven from their strongholds in Tripoli, the most pressing question now is whether the rebels will be able to set up a government and establish order in the capital and the rest of Libya.

In their battle so far, the rebels have been boosted by NATO air power. Western nations have also been providing political and diplomatic backing to the rebel leadership, known as the Transitional National Council. And the U.S. and European states say they are prepared to return Libyan assets that were frozen in the final months of Gadhafi's rule.

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Monkey See
8:53 am
Thu August 25, 2011

Steve Jobs And The Cultural Apple

Apple CEO Steve Jobs delivers the keynote address at the Apple World Wide Developers Conference in June 2011. Jobs announced on August 24 that he would step down immediately as CEO of Apple.
Justin Sullivan Getty Images

When Steve Jobs stepped down from his position as CEO of Apple yesterday, he handed the reins immediately to chief operating officer Tim Cook, who has had such a significant hand in day-to-day operations that many expect that Apple won't immediately suffer much in the way of effects on either its ability to turn out beloved products or its business position.

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The Two-Way
8:00 am
Thu August 25, 2011

In Gadhafi's Compound: A Condoleezza Rice Photo Album

Guns. Cars. Artwork. Statues.

And an album full of photos of former U.S. Secretary of State Condoleezza Rice.

Odd as that may sound, what appears to be something of a keepsake about Rice — who Moammar Gadhafi once referred to as "my darling black African woman" and of whom he said, "I love her very much" — was found by opposition fighters as they searched and ransacked the Libyan leader's compound in Tripoli.

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The Two-Way
7:40 am
Thu August 25, 2011

Warren Buffett Invests $5 Billion In Bank Of America; Stock Soars

Shares in Bank of America jumped nearly 25 percent in"premarket trading" this morning after it was reported that billionaire investment guru Warren Buffett is buying a $5 billion stake in the company, The Wall Street Journal's MarketBeat blog writes.

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The Two-Way
7:00 am
Thu August 25, 2011

Cheney: I Urged Bush To Bomb Syria

Former Vice President Dick Cheney. (Feb. 10, 2011, file photo.)
Alex Brandon AP

Originally published on Thu August 25, 2011 7:52 am

"Former Vice President Dick Cheney says in a new memoir that he urged President George W. Bush to bomb a suspected Syrian nuclear reactor site in June 2007," The New York Times reports this morning.

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The Two-Way
6:38 am
Thu August 25, 2011

Jobless Claims Rose Last Week; Verizon Strike A Factor

The number of people filing first-time claims for unemployment benefits rose by 5,000 last week from the week before, to 417,000, the Employment and Training Administration just reported.

Though the number of claims remained well above the level normally associated with a healthy economy, one factor was temporary. According to Reuters, "Verizon workers filed 8,500 claims for jobless benefits last week, after submitting 12,500 applications the previous week."

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The Two-Way
6:10 am
Thu August 25, 2011

Markets Rise On More Hopeful Economic Outlook

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