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Rick Perry
5:13 pm
Tue October 25, 2011

Perry Proposes Optional 20 Percent Flat Tax

Rick Perry doesn't have a catchy marketing slogan for his tax plan. But he's hoping the idea of a flat, 20 percent income tax rate will do for his campaign what "9-9-9" did for Herman Cain's.

"We need a tax code that unleashes growth instead of preventing it; that promotes fairness, not class warfare," Perry said during a speech at the ISO Poly Films factory Tuesday in Gray Court, S.C.

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The Two-Way
4:06 pm
Tue October 25, 2011

Gadhafi's Final Weeks, As Told By A Top Security Official

From the shaky, grainy video, we have an idea of what the last moments were like for Col. Moammar Gadhafi. But over the past few days, his top security official, who was captured along with Gadhafi, has been talking about the final weeks of one of the most notorious despots in modern history.

As Mansour Dao, who says he is also Gadhafi's cousin, puts it, Gadhafi left Tripoli on Aug. 18 or 19, before the rebels made a push for the capital city. He left to Sirte, what was a stronghold, and his son Saif al-Islam left for Bani Wald.

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Shots - Health Blog
3:22 pm
Tue October 25, 2011

Employers May Not Rush To Drop Health Coverage After All

Despite claims to the contrary, a insightful economic analysis suggests that it wouldn't be in most employers' business interests to stop providing health insurance when the main coverage provisions of the federal health overhaul kick in.

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Asia
2:47 pm
Tue October 25, 2011

Boom In Shadow Financing Exacts High Toll In China

At least 80 business owners have abandoned factories like this one in Wenzhou, China's entrepreneurial capital, because they have run up exorbitant debts to the city's loan sharks and underground lenders.

Frank Langfitt NPR

Originally published on Tue October 25, 2011 8:26 pm

In recent weeks, at least 80 business owners have fled Wenzhou in eastern China and gone into hiding because they can't pay crushing debts to the city's empire of underground lending firms and loan sharks.

Chinese Premier Wen Jiabao became so concerned that he flew to Wenzhou earlier in October to try to keep the problem from spreading.

The city's credit crisis highlights some of the flaws — and potential risks — of the banking system in the world's second-largest economy.

Business Owners Trapped By Debt

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Around the Nation
2:17 pm
Tue October 25, 2011

Oregon School District Says No To Teacher Bonus Grant

Education Secretary Arne Duncan visited Oregon earlier this month, and he heard from an Oregon City teacher who complained about the rules of a performance-based pay bonus grant.

Paul Sancya AP

Originally published on Mon October 31, 2011 5:29 pm

An Oregon school district has rejected more than $2.5 million in federal funds. Oregon City — just south of Portland — turned down money that would have given performance-based pay bonuses to teachers, a controversial part of the Obama administration's education policy.

It's called the Teacher Incentive Fund, and it's meant to reward results. Oregon City actually applied for the money it's now turned down.

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