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9:50am

Wed February 23, 2011
The Two-Way

Latest On Libya: Pilot Refuses To Bomb Benghazi; Gadhafi Ordered Lockerbie?

Just in:

-- Reuters writes that "a Libyan air force plane crashed near the eastern city of Benghazi after its crew bailed out because they refused to carry out orders to bomb the city, Libya's Quryna newspaper cited a military source as saying."

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9:15am

Wed February 23, 2011
The Two-Way

New Rule Would Slash Companies' Costs For Reducing Air Pollution, AP Says

"The Environmental Protection Agency is making it much cheaper for companies to reduce toxic air pollution from industrial boilers and incinerators," The Associated Press just reported.

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9:10am

Wed February 23, 2011
The Two-Way

Price Of Oil Hits Two-Year High; '70s-Style Swings Ahead?

"Oil prices rose to fresh two-year highs — around $96 a barrel — Wednesday amid concerns that a violent power struggle in Libya could disrupt supplies, with experts warning the next weeks and months would prove highly volatile," The Associated Press writes.

It adds that "if the chaos spreads to other bigger energy producers in the region, such as Iran or Saudi Arabia, price fluctuations could became as sharp as those in the 1970s, when an OPEC embargo caused gasoline shortages in the U.S., analysts warned."

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8:53am

Wed February 23, 2011
World

Frantic Search For Survivors Of New Zealand Quake

New Zealand declared a national civil defense emergency for the first time in its history Wednesday as rescue workers raced to locate survivors from the earthquake that shattered the country's second-largest city.

More than 100 aftershocks have shaken Chistchurch on New Zealand's South Island since the magnitude 6.3 temblor, adding to the difficulty of search and rescue operations. Officials have abandoned efforts at one building where about 100 people were thought to have been trapped, saying it's unlikely any survivors remain.

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8:45am

Wed February 23, 2011
The Two-Way

Basketball's Better Story: Carmelo Trade Or Caltech Win?

Sure, it's big (though not surprising) news that basketball superstar Carmelo Anthony is moving from the Denver Nuggets to the New York Knicks.

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