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The Two-Way
10:11 am
Mon March 18, 2013

China Edges Out U.K. As World's Fifth-Largest Arms Supplier

More than 200 companies attended an International Defense Exhibition in Karachi, Pakistan, in November, most from the U.S., China and Europe.
Asif Hassan AFP/Getty Images

Originally published on Mon March 18, 2013 10:46 am

The U.S. still leads the world in one area — arms sales. But even there, China is closing the gap.

Made-in-China weapons have moved into the No. 5 slot, displacing U.K.-manufactured arms, but the Asian giant still trails far behind the U.S. and Russia, whose weapons account for 30 percent and 26 percent of the market, respectively, according to a new report released by the Stockholm International Peace Research Institute on Monday.

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The Two-Way
10:07 am
Mon March 18, 2013

Weapons, Explosives Found In Florida Dorm After Student's Death

Originally published on Mon March 18, 2013 12:42 pm

There's worrisome news from the University of Central Florida in Orlando, where a man who authorities say was a student at the school apparently killed himself Monday — which led to the discovery of "a handgun, an assault weapon and [improvised explosive devices]" in his dorm room, according to school officials.

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The Two-Way
9:29 am
Mon March 18, 2013

Top Stories: Labor Nominee Coming; Cyprus Bailout Shakes Markets

Thomas E. Perez, assistant attorney general at the Justice Department's Civil Rights Division, is expected to be President Obama's nominee for the post of Labor secretary.
Peggy Turbett The Plain Dealer /Landov
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The Two-Way
9:05 am
Mon March 18, 2013

After Helicopter Jail Break, Two Cons Recaptured In Canada

It was a real "James Bond moment," witness Francis Emond tells CNN.

And just like in the movies, the bad guys have been tracked down and brought to justice.

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The Two-Way
8:40 am
Mon March 18, 2013

Cyprus Bailout To Hit Depositors, Sends Shivers Through Markets

Take the money and run: An ATM in the Cypriot capital Nicosia on Sunday.
Hasan Mroue AFP/Getty Images

Originally published on Mon March 18, 2013 6:08 pm

A vote in Cyprus on whether to approve a controversial bailout plan has been postponed after the prospect of the deal caused bank customers to rush to withdraw their savings and drew the ire of overseas depositors.

As NPR's Krishnadev Calamur wrote in a post over the weekend: "The money [is] needed because Cyprus' banks lost 4.5 billion euros on their Greek bond holdings, which were written down last year after Greece's second bailout."

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