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7:05am

Mon August 29, 2011
The Two-Way

Consumer Spending Rebounds; Obama Chooses New Economic Adviser

Consumer spending rose 0.8 percent in July from June, the Bureau of Economic Analysis just reported. The increase came as personal income rose 0.3 percent.

Spending had dipped 0.1 percent in June from May. That had raised concerns about whether consumers — who buy about 70 percent of all goods and services — might pull an already weak economy down further.

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6:55am

Mon August 29, 2011
The Two-Way

What's Got Folks Talking? Beyonce's Baby Bump

Originally published on Mon August 29, 2011 7:26 am

Beyonce during her performace Sunday.
Kevin Winter Getty Images

Our pal Linda Holmes over at Monkey See knows much more about these types of things than we do, but we do want to take a quick break from natural disasters and other heavy news to note that megastar Beyonce Knowles apparently stole the show at Sunday's MTV Video Music Awards by cleverly revealing to the world that she and Jay-Z are expecting a child.

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6:15am

Mon August 29, 2011
The Two-Way

Powell: Cheney's Taking 'Cheap Shots'

Originally published on Mon August 29, 2011 6:55 am

Former Secretary of State Colin Powell during his appearance Sunday on CBS News' Face the Nation.
Chris Usher CBS News via Getty Images

Colin Powell isn't a fan of Dick Cheney's new memoir.

On CBS News' Face the Nation this weekend, former Bush administration secretary of state Powell said that Bush-era vice president Cheney takes some "cheap shots" and "overshot the runway" in the book that goes on sale this week.

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6:15am

Mon August 29, 2011
It's All Politics

Powell Isn't Sure He'll Support Obama In 2012 Race

Originally published on Mon August 29, 2011 6:19 am

Former Secretary of State Colin Powell during his appearance Sunday on CBS News' Face the Nation.
Chris Usher CBS News via Getty Images

It was a big story when former Secretary of State Colin Powell, a Republican, endorsed Democrat Barack Obama during the 2008 presidential campaign.

So it's news that this weekend on CBS-TV's Face the Nation, Powell said he hasn't decided if he will vote for the president in 2012.

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5:45am

Mon August 29, 2011
The Two-Way

New Leader Set In Japan; Gadhafi Still On Run

Good morning.

Residents from North Carolina up through New England are beginning the long process of recovering from Hurricane Irene, which we followed through the weekend and earlier today.

We'll keep an eye out for more stories about the storm and its aftermath. Meanwhile, other major news of the day includes:

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