Today's Takeaway: Do Small Businesses Really Drive the Economy?

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Thursday, September 15, 2011

Tensions Rise Between America's Middle East Allies; New Report Ranks America's Best Hospitals; Photos of Poverty Show a Worse Problem Than Census Suggests; Should Small Businesses Shoulder the Nation's Economic Burdens?; Listeners Respond: The Two-Tier Wage System; Republicans Say White House Rushed Solar Loan; NASA Announces New Rocket Design

Top of the Hour: Cameron and Sarkozy Visit Tripoli, Morning Headlines

French President Nicolas Sarkozy and British Prime Minister David Cameron arrived in Tripoli this morning, becoming the most senior Western leaders to visit Libya since Col. Moammar Gadhafi fled in August. Nour Ajaj, a hotel worker in Tripoli, reacts to the visit.

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Arab Spring Realigns Power and Diplomacy in Middle East

U.S. Assistant Secretary of State Jeffrey Feltman arrived in Libya on Wednesday to meet with leaders of the National Transition Council, saying that the U.S. has "an enduring commitment to support the Libyan people as they chart their country's future." French President Nicholas Sarkozy and British Prime Minister David Cameron also arrived on Thursday morning. Elsewhere in the region, diplomatic ties have broken down between Israel and its closest Arab allies, Turkey and Egypt, as the Palestinian Authority makes a bid for statehood before the United Nations.

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Your Take: Does America Care About Its Poor?

New Census data reveals that poverty in America is at its worst level in three decades. We asked you, does America still care about its poor? We received many responses, including this one, from Seth in New Jersey:

"The United States government does not care about its poor, and that's because they don't make campaign contributions."

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Rivera Makes 600th Career Save

On Tuesday night, New York Yankees relief pitcher Mariano Rivera notched his 600th career save and came within one save of tying the all-time record, held by Trevor Hoffman. Is Rivera the best "closer" in baseball history? Lifelong Rivera observer and Takeaway sports contributor Ibrahim Abdul-Matin gives his opinion.

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New Report Ranks America's Best Hospitals

A new report ranks America's 405 best hospitals based on their quality of treatment for heart attacks, pneumonia, and other critical ailments. Some of the nation's leading health care providers are not on the list. Dr. Mark Chassin, president of the Joint Commission, the hospital certification organization that conducted the study, said, "We recognize that improvement has been happening across the country on these measures, but there are some hospitals that have achieved extraordinary levels of performance."

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Euro Zone Leaders Reassure Greece

French President Nicolas Sarkozy and German Chancellor Angela Merkel reassured Greek Prime Minister George Papandreou that Greece is an "integral" part of the euro zone during a telephone conversation on Wednesday. As concerns over whether Greece will default on its debt, the Greek government has restated its commitment to meet deficit reductions required by the two bailouts it received from the European Union. The BBC's Steve Evans reports from Berlin, where German citizens are skeptical of bailing out another country.

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Photographing America's Poverty Problem

New Census numbers show that the U.S. has reached its worst level of poverty since 1983. About 15 percent of Americans live beneath the poverty line. That means that almost 46 million Americans do not earn $11,100 dollars a year as a single person; or, that they live in a family of four that makes under $22,314. The numbers beg the question: are the poor being forgotten in this country?

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Top of the Hour: UBS 'Rogue Trader' Loses $2 Billion, Morning Headlines

Police in London have arrested a 31-year-old UBS banker Kweku Adoboli for making unauthorized trades that may have cost the Swiss bank $2 billion in losses.

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Do Small Businesses Really Drive the Economy?

President Obama has been on a tour to push his $447-billion jobs package, and he's been meeting with small business owners in places like North Carolina and Ohio, making it clear that they are at the heart of his plan for economic recovery. Meanwhile, some Congressional Democrats are already saying that the jobs bill will need some major changes in order to pass. Can small businesses really save our ailing economy?

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Listeners Respond: The Two-Tier Wage System

Yesterday, we talked about the two-tier wage system implemented by three Detroit automakers. In the two-tier system, new employees make half the salary of workers already on the job. We talked with a few tier-two workers yesterday, and we asked our listeners if they would be willing to do their job for half the salary.

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Republicans Say White House Rushed Solar Loan

A House subcommittee is accusing the Obama administration of aggressively pushing a loan for a now bankrupt solar company, Solyndra. Republicans say the White House rushed the bad loan in spite of repeated warnings about the company's viability. Solyndra  collapsed two weeks ago and is now under federal investigation, leaving taxpayers on the hook for more than $500 billion.

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'Rogue' UBS Trader Arrested in London

Swiss bank UBS says a "rogue trader" in its investment bank has generated $2 billion in losses by making unauthorized trades. Kweku Adoboli, 31, was arrested this morning by police in London. Louise Cooper, analyst for BGC Partners, a firm specializing in financial services, talks about how this could have happened.

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NASA Announces New Rocket Design

Just a few months ago, the future of NASA seemed in doubt. But the space agency announced on Wednesday a new rocket design that it says will be the centerpiece of a deep-space exploration program for decades to come. The Space Launch System could lift astronauts farther than ever before, making it eventually possible to journey to Mars.

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