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2:09pm

Fri May 6, 2011
The Two-Way

Greece Denies Reports It Is Mulling Over Euro Zone Exit

The Guardian reports that the euro "has fallen sharply," after the German news magazine Der Spiegel reported that a debt-burdened Athens was considering "abandoning the euro and reintroducing its own currency."

Greece very quickly denied the report. The Guardian adds:

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1:42pm

Fri May 6, 2011
It's All Politics

Raising (Herman) Cain: GOP's 1st Presidential Debate Has Surprise 'Winner'

Frank Luntz, the Republican Party's erstwhile message-meister, was amazed.

He said he'd never seen anything like it.

"Something very special happened this evening," Luntz told the Fox News audience that had tuned in Thursday night to see the first GOP debate of the presidential season.

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1:14pm

Fri May 6, 2011
The Two-Way

CEO Compensation Now Exceeds Pre-Recession Levels

The AP analyzed the pay packages of Wall Street's Chief Executive Officers and found that as of 2010, it's as if the recession never happened:

CEOs at the nation's largest companies were paid better last year than they were in 2007, when the economy was booming, the stock market set a record high and unemployment was roughly half what it is today.

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12:56pm

Fri May 6, 2011
Asia

India On Bin Laden-Pakistan Link: 'We Told You So'

For the people of India, it came as no surprise that Osama Bin Laden was found and killed just a couple hours from Pakistan's capital, Islamabad.

"Well, in a nutshell the reaction has really been we told you so," says Sadanand Dhume, a resident fellow at the American Enterprise Institute and columnist for the Wall Street Journal's Asia edition.

Since 1947, India and Pakistan have faced off in war three times, and in the last decade tensions have escalated since terrorist attacks in India were linked to militants with Pakistani ties.

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12:16pm

Fri May 6, 2011
Education

School Voucher Debate Heats Back Up

The state of Indiana has approved one of the country's most extensive school voucher programs.

Republican Governor Mitch Daniels says vouchers will level the playing field for Indiana students. Some are hoping this and other efforts will push vouchers into the educational mainstream.

The Indiana voucher program will take state support of private education into new territory — the middle class. These programs are typically available only to low income or disabled students, but Ohio's plan will give some public support to families earning as much as $61,000 a year.

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