Obama Considers Bank Tax

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Tuesday, January 12, 2010

Taxpayers spent $700 billion on the Wall Street bailout last year. Now financial insitutions are reporting record profits and the White House is looking for ways to get some of the money back -- by imposing a tax on large banks. Officials say that President Obama will try to recoup $120 billion this way.

Shades of Blackness: Skin Tone Issues Among African Americans

We touched a nerve yesterday when we looked into the significance of Nevada Senator Harry Reid's comment over President Obama's dialect and level of skin tone.

 

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Optimism in Afghanistan

According to a new poll commissioned by the BBC and ABC News, nearly 70 percent of Afghanis say their country is headed in the right direction.

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Guantanamo Reunion

A former guard at Guantanamo Bay has reunited with two of his former prisoners from Britain after he contacted them on Facebook.

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Race and Work

As Harry Reid’s comments about Barack Obama’s light complexion remind us, race still plays into people’s perceptions of who can be elected. But there are companies and industries that are trying to close that race gap.

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Big Banks: Everybody Says 'I'm Sorry,' Pockets Bonus

Yesterday we heard some strong arguments against the very structure of bank bonuses from economics professor Dan Ariely. Today we hear from someone who represents the financial services industry to explain why bonuses are used.

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Takeouts: Detroit and the X-Prize, Listeners on Race

We get quick Takeouts on the stories we're following this week: Detroit hosts the X-Prize Competition and listeners weigh in on Sen. Harry Reid's comments.

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Shed Those Years Off Your Life By Watching T.V.

Not only could watching too much television rot your brain, but it could also lead to a shorter life.

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Slugger Mark McGwire Admits to Steroids

Mark McGwire finally came out and admitted he took steroids while playing Major League Baseball. This comes after years of speculation and on the eve of his debut as the St. Louis Cardinals' hitting coach.

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Mark McGwire Confesses to Steroid Use

Mark McGwire finally acknowledged what most people have been speculating for years - that he used steroids.  Sports contributor Ibrahim Abdul-Matin looks at McGwire's future as the St. Louis Cardinals' hitting coach after this revelation.

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The Takeaway for Tuesday, January 12 (Early Edition)

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