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Parallels
4:05 am
Fri September 6, 2013

India's New Central Banker Steps Into A Perfect Storm

Raghuram Rajan, the new head of the Reserve Bank of India, has his work cut out for him. India's economic growth has crashed, its currency has plunged and prices are up.
Rajanish Kakade AP

Originally published on Fri September 6, 2013 7:54 pm

Raghuram Rajan, the new governor of India's central bank, swept into office this week infusing a sense of optimism.

He announced hard-headed measures Wednesday that remove uncertainty that has characterized the Reserve Bank of India's moves.

By Friday, Indian equities and the rupee were clawing back.

But analysts say the exuberance — and honeymoon with the suave MIT-trained economist — is unlikely to last.

After decadelong high growth rates, India is now the sick man of Asia.

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Sports
3:19 am
Fri September 6, 2013

Olympic Committee To Announce 2020 Summer Games Host

Tokyo's 2020 candidate city logo.
Juan Mabromata AFP/Getty Images

Originally published on Fri September 6, 2013 1:22 pm

Saturday in Buenos Aires, Argentina, the International Olympic Committee will announce the host of the 2020 Summer Games. The committee is choosing from among Istanbul, Madrid and Tokyo. The contenders all have strong selling points, but each also has serious issues clouding its bid.

Violent Crackdown Hangs Over Turkey's Bid

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Business
2:38 am
Fri September 6, 2013

Rates Come Down On Jumbo Mortgage Loans

iStockphoto.com

Originally published on Fri September 6, 2013 11:40 am

There is something new and different for home mortgages: Jumbo loans are being made at lower interest rates than traditional home loans. That's kind of like a first class airplane ticket being cheaper than riding in coach.

At first this seems crazy. For as long as anybody can remember, homeowners have had to pay a premium to get jumbo loans. That's because they're not guaranteed by the federal government. If they're not guaranteed, they're riskier, so they cost more in interest payments.

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Shots - Health News
1:54 am
Fri September 6, 2013

After A Decade, Congress Moves To Fix Doctors' Medicare Pay

I think I see the problem.
iStockphoto.com

Originally published on Mon September 9, 2013 6:59 am

Hear the words health care and Congress, and you think fight, right?

And you'd be forgiven, particularly because the House has now voted some 40 times in the past two years to repeal or otherwise undo portions of the Affordable Care Act.

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StoryCorps
1:53 am
Fri September 6, 2013

Remembering A Boss Who Led A Team To Safety On Sept. 11

Connie Labetti, 52, was able to escape one of the World Trade Center buildings on Sept. 11, 2001, thanks to her boss, Ron Fazio.
StoryCorps

Originally published on Fri September 6, 2013 12:46 pm

Connie Labetti worked on the 99th floor of the south tower — the second World Trade Center tower to be hit on Sept. 11, 2001.

She made it out of the building thanks to her boss, Ron Fazio. He, however, did not survive. Fazio was one of 176 Aon employees who died that day. He was 57.

"He's the reason I'm here, there's no question about it," 52-year-old Labetti says. "Most of us survived that day because of him."

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