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The Two-Way
9:10 am
Fri December 14, 2012

Top Stories: Missiles For Turkey; Inflation In Check; Egypt Prepares To Vote

Credit Patrick Baz / AFP/Getty Images
A supporter of the opposition to Egyptian President Mohamed Morsi was playing soccer near a Republican Guard tank earlier today outside the presidential palace in Cairo. Egyptians are being called to vote over the next two weekends in a referendum on a draft constitution.
The Two-Way
8:48 am
Fri December 14, 2012

Inflation Is In Check; Consumer Prices Fell 0.3 Percent In November

Credit Spencer Platt / Getty Images
Sign of the times: Markdowns at a discount clothing store in New York City last month. Such stiff competition for consumers' dollars is helping to keep inflation in check.
  • From 'Morning Edition': Does The CPI Need A Fix?

A sharp drop in the cost of a gallon of gasoline helped pull consumer prices down 0.3 percent in November, the Bureau of Labor Statistics reports.

According to BLS, gas prices plunged 7.4 percent last month.

Excluding the food and energy sectors, the so-called core rate of inflation rose just 0.1 percent.

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The Two-Way
8:10 am
Fri December 14, 2012

In Repeat Of Disturbing News, Man With Knife Attacks School Children In China

Credit Li Bo / Xinhua /Landov
Wei Jingru, one of the students injured in today's attack, is being treated at a hospital in central China's Henan Province.
  • NPR's Louisa Lim on the NPR Newscast

Twenty-two children and one adult are reported to have been injured at a school in China today by a man wielding a knife.

It happened in a village about 500 miles south of Beijing. As NPR's Louisa Lim tells our Newscast Desk, the attack is the latest of what has been a disturbing series of such incidents in recent years.

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The Two-Way
7:23 am
Fri December 14, 2012

Syrian Crisis: Turkey Getting Patriot Missiles, Some U.S. Troops To Operate Them

Credit Kim Jae-Hwan / AFP/Getty Images
A U.S. Army Patriot Surface-to Air missile system on display in South Korea.

Originally published on Fri December 14, 2012 9:12 am

"The U.S. will send two batteries of Patriot missiles and 400 troops to Turkey as part of a NATO force meant to protect Turkish territory from a potential Syrian missile attack, the Pentagon said Friday." (The Associated Press)

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Economy
4:42 am
Fri December 14, 2012

Inflation Index Fix Could Cut Federal Deficit

Originally published on Fri December 14, 2012 10:13 am

The Consumer Price Index is one of the most familiar measures in economics and politics. But some in Washington want to change the way the index is calculated to better reflect people's shopping habits.

While the proposed change is described as a technical fix, it could also cut the federal deficit by hundreds of billions of dollars over the next decade.

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