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The Two-Way
1:40 pm
Wed January 29, 2014

Fed Will Continue To Taper Its Stimulus Program

Originally published on Wed January 29, 2014 3:14 pm

Because the economy continues to improve since it started tapering its stimulus program, the Federal Reserve said it would continue to slow the pace of its bond-buying programs.

In a statement released on Wednesday, the Federal Open Market Committee said:

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The Two-Way
12:54 pm
Wed January 29, 2014

Spy Chief Says Classified Leaks 'Pose Critical Threat' To U.S.

Director of National Intelligence James Clapper testifies during a hearing before Senate Select Intelligence Committee on Wednesday.
Alex Wong Getty Images

Originally published on Wed January 29, 2014 1:51 pm

In his yearly report (pdf) to the Senate Select Committee on Intelligence, the country's spy chief says one of the top threats facing the United States is the unauthorized leak of classified information.

In his threat assessment report, James Clapper, the director of national intelligence, listed "insider threats," alongside cyber attacks and terrorism.

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The Two-Way
12:44 pm
Wed January 29, 2014

Missing For 112 Years, First Porsche Is Found In Warehouse

The P1, now known as the "first Porsche."
Juergen Skarwan Porsche.com

Originally published on Wed January 29, 2014 1:21 pm

Even the famed German automaker concedes that it "may resemble an old horse-drawn carriage."

But the recently rediscovered "first Porsche in the world" — dubbed the P1 — was a technological marvel for its time. It "included a compact electric drive weighing 286 pounds," writes the automotive news site Jalopnik, and could chug along at 22 mph.

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The Two-Way
10:43 am
Wed January 29, 2014

Tycoon's Lesbian Daughter Rejects Multimillion-Dollar 'Marriage Bounty'

Gigi Chao (right) daughter of Hong Kong property tycoon Cecil Chao, poses with her partner, Sean Eav, at an event in Hong Kong.
AP

Originally published on Wed January 29, 2014 10:58 am

A Hong Kong real estate tycoon made headlines two years ago when he offered a $65 million bounty to the man who could win his daughter's heart and marry her. In an open letter today, the daughter says she hopes he can accept that she is indeed a lesbian.

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The Two-Way
10:29 am
Wed January 29, 2014

House Passes Compromise Farm Bill

The House of Representatives voted Wednesday to pass a five-year farm bill.

The $100 billion-a-year measure included small cuts to the food stamps program, and preserved some farm subsidies. The vote in the House was 251-166.

The bill now heads to the Senate, which is expected to approve it. President Obama is expected to sign the measure into law.

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The Two-Way
7:46 am
Wed January 29, 2014

Northwestern Football Players Want To Unionize: Is That OK?

Northwestern quarterback Kain Colter, who finished his college career last season, is the spokesman for the players' effort to unionize.
John Mersits CSM/Landov

Originally published on Wed January 29, 2014 1:44 pm

Even during a week when the NFL's Super Bowl is dominating sports pages and sports talk shows, college football is back in the headlines because players at Northwestern University have voted to form a union.

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The Two-Way
6:52 am
Wed January 29, 2014

VIDEO: Congressman Threatens To Throw Reporter Off Balcony

Rep. Michael Grimm, R-N.Y. (right), as he confronted NY1 reporter Michael Scotto on Tuesday in the Capitol.
NY1.com

Originally published on Wed January 29, 2014 1:49 pm

Update at 12:35 p.m. ET. Grimm Apologizes; Says He 'Overreacted':

"@repmichaelgrimm called to apologize. He said he 'overreacted.' I accepted his apology," tweets NY1 reporter Michael Scotto, who was the object of Rep. Michael Grimm's anger Tuesday night.

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The Two-Way
6:34 am
Wed January 29, 2014

Book News: Nurse's Debut Novel Wins Prestigious Costa Award

Costa Book of the Year author Nathan Filer poses with his prize for his debut novel Tuesday in London.
Sang Tan AP

The daily lowdown on books, publishing, and the occasional author behaving badly.

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The Two-Way
6:07 am
Wed January 29, 2014

'Rush Hour From Hell' Drags On In Icy Southern Cities

A winter storm dumped snow Tuesday along Interstate 20/59 near downtown Birmingham and on other parts of central and southern Alabama.
Tamika Moore Al.com /Landov

Originally published on Wed January 29, 2014 5:40 pm

  • On 'Morning Edition': NPR's Russell Lewis reports from Birmingham

Update at 12:17 p.m. ET. 'Obviously, There Were Errors':

During a televised press conference, the governor of Georgia and the mayor of Atlanta both said they would take responsibility for the mess unfolding across Atlanta's highways.

CNN reports that the broad effect is now coming to light: Officials says one person died, 130 were hurt, and 1,254 accidents were reported during the snowstorm.

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