Morning Edition's series, "Twelve Days of Tax Deductions," zeroes in on some of the tax breaks that lawmakers are grappling with as they try to avoid the "fiscal cliff." The home mortgage interest tax deduction is one of the biggest breaks in the tax code.
Following Superstorm Sandy hundreds of thousands of people on Long Island went weeks without power. Elected officials blamed the Long Island Power Authority — calling it in need of federal take over. Thursday night, executives for the utility finally answered questions from investigators who are preparing a report on how to overhaul the utility business in New York.
The up-scale mall on Red Square is called GUM. It's in the former state-run department store, a Soviet-era monument that was once famous for long lines and unsmiling service. It's been turned into a glittering showplace for high-end foreign brands that most Russians can only look at.
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