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Greece To Buy Back Bonds

Greece's government says it will buy back nearly 32 billion euros of its bonds — that means the country would be erasing nearly $40 billion worth of debt. The country's private-sector creditor agreed to sell off the bonds, though at sharply discounted prices. Getting rid of this chunk of debt should allow Greece to get more money from the International Monetary Fund.
NPR

Tax Deductions And The Fiscal Cliff

Morning Edition continues with the latest installment of its series: The Twelve Days of Deductions. It's a nod to the many deductions, credits and other tax breaks that political leaders are weighing as they continue their negotiations to avoid the "fiscal cliff."
NPR

Is California Up Next For An Oil And Gas Boom?

The Bureau of Land Management is auctioning off 18,000 acres of oil leases in California Wednesday. The state has one of the largest deposits of shale oil in the country. And it's attracting new attention because of the drilling technique known as hydraulic fracturing – or fracking.
NPR

Despite Protests, Michigan Is A Right-To-Work State

Michigan is now the nation's 24th right-to-work state, where unions cannot automatically collect dues or fees from workers. The governor signed the law just hours after it was approved by the state's legislature in a day marked by protests.
NPR

Do Unions Still Have Clout In Michigan?

The contentious fight over labor rights has been unfolding throughout the Midwest in the last couple years. Michigan becoming a right-to-work state is only the latest example. Over the past two years in Wisconsin and Ohio, Republican governors took on labor unions.
NPR

HSBC Officials Knowingly Dealt With Iranian Banks

British bank HSBC has agreed to pay a record fine of $1.9 billion to settle an investigation by U.S. prosecutors. HSBC faced charges of laundering money for Mexican drug cartels and facilitating prohibited transactions with nations like Iran and Cuba. For more, Robert Siegel talks with Jimmy Gurul, law professor at Notre Dame University.

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