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11:08am

Mon November 28, 2011
The Two-Way

Report: Fed Committed $7.77 Trillion To Rescue Banks

Bloomberg ran quite a story, yesterday. It stems from a Freedom of Information Act Request that yielded the details of previously secret borrowing from the federal government to the biggest banks.

The bottom line, reports Bloomberg, by March of 2009, the Fed had committed $7.77 trillion "to rescuing the financial system, more than half the value of everything produced in the U.S. that year." The lending began in August of 2007.

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10:22am

Mon November 28, 2011
Around the Nation

Feds Seize 150 Websites In Counterfeit Crackdown

Originally published on Mon November 28, 2011 12:21 pm

Federal authorities announced Monday that they have seized the domain names of 150 websites accused of selling counterfeit or pirated merchandise.

Agents from the Department of Homeland Security and the FBI coordinated the effort for "Cyber Monday," the day that for many shoppers kicks off the online holiday shopping season.

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10:03am

Mon November 28, 2011
Remembrances

Controversial Film Director Ken Russell Dead At 84

Central Press Getty Images

The acclaimed, eccentric, and very polarizing British film director Ken Russell has died, after a series of strokes at the age of 84.

The director of Tommy, Women In Love and Altered States, Russell was known for a florid style and fascination with sadomasochism that earned him condemnations and a cult following. His adaptations of classic literature and over-the-top biopics ranged from perverse to merely provocative — and an indelible nickname: "Kinky Ken Russell."

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10:02am

Mon November 28, 2011
NPR Story

Military's Brain-Testing Program A Debacle

Originally published on Fri December 2, 2011 2:20 pm

Dr. Alex Dromerick co-directs the Brain Research Center at the National Rehabilitation Hospital. Here he observes Stephen Jones, a policeman who was involved in a motorcycle accident.
Becky Lettenberger NPR

The U.S. military has spent more than $42 million to test every service member's brain to find out who suffered a traumatic brain injury, or TBI, during the Iraq and Afghanistan wars. But an investigation by NPR and ProPublica has found that military leaders are refusing to carry out the testing program as Congress ordered. Partly as a result, the program that was supposed to fix things has hardly helped any of the troops.

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9:45am

Mon November 28, 2011
The Two-Way

Markets Rally On European Debt News, Black Friday Sales

At point today, the Dow Jones Industrial Average jumped 2.9 percent to 11,554. The rally comes after news that European leaders had made progress on a solution to the sovereign debt crisis and record sales this past Friday.

It also comes after a 4.8 percent downturn last week, the worst Thanksgiving week since the markets started observing the holiday in 1942.

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