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The Two-Way
1:23 pm
Fri January 13, 2012

S&P Downgrades France; Deals A Blow To Eurozone

Standard & Poor's downgraded France's sovereign debt rating to AA+.

The AP says France's finance minister announced the downgrade, which could affect the European Union's bailout fund. France and Germany have been the Eurozone's pillars and their good credit has supported the rescues of countries like Ireland and Greece.

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The Two-Way
1:15 pm
Fri January 13, 2012

'Washington Post' Touts First Extensive Post-Scandal Interview With Paterno

The Washington Post just put out the word that it had an "exclusive interview with Joe Paterno, his first extensive comments on the Penn State scandal and its fallout," and expects to post a report about what he had to say on Saturday at 4 p.m. ET.

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Music Interviews
1:02 pm
Fri January 13, 2012

Bombay Bicycle Club: From Many Sounds, One Band

Credit Courtesy of the artist
Led by vocalist Jack Steadman (far left), Bombay Bicycle Club has just released A Different Kind of Fix, its third album in as many years.

Bombay Bicycle Club isn't from India, nor will any of its members roll through the U.S. on bicycles during their upcoming tour. But the four British indie rockers are bringing a new sound to the States — albeit one with echoes of The Stone Roses, Radiohead and other British rock acts of the past 20 years.

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Shots - Health Blog
12:56 pm
Fri January 13, 2012

Drugmakers Boost Prices, Despite Political Risks

One thing big drug companies generally aren't keen on is being the focus of a hot political debate.

In the past, the quickest way to become Exhibit A was to raise prices during a presidential campaign, Richard Evans, a former drug company executive turned industry analyst, tells Shots.

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The Two-Way
12:40 pm
Fri January 13, 2012

Transcripts Show A Fed With An 'Embarrassing' Lack Of Foresight Into Housing Crash

Credit Mark Wilson / Getty Images
Federal Reserve Chairman Ben Bernanke has a heart to heart chat with reporters.

Yesterday, the Federal Reserve released transcripts of the 2006 meetings of the Federal Open Market Committee. While it's well known the Fed missed glaring signs of a housing bubble about to burst in a big way, the transcripts show that top officials not only dismissed the warnings, but they were really worrying about the economy growing too fast.

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