7:20am

Tue October 4, 2011

7:05am

Tue October 4, 2011
The Two-Way

Inspector General: Fannie Mae Was Told About Foreclosure Abuse In 2003

Credit Joe Raedle / Getty Images

One of the hottest stories this morning is word that, as The Associated Press puts it, "mortgage giant Fannie Mae knew about allegations of improper foreclosure practices by law firms in 2003 but did not act to stop them, a government watchdog says."

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6:20am

Tue October 4, 2011
The Two-Way

Scores Killed By Truck Bomb In Somalia

There's been a deadly bombing today in the capital of Somalia.

"Islamist militants detonated a truck bomb Tuesday in front of the Ministry of Education in Mogadishu, killing at least 70 people, wounding dozens and shattering a relative calm that had prevailed ... for weeks," The Associated Press reports.

According to the BBC:

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6:00am

Tue October 4, 2011
The Two-Way

Ford, UAW Reach Tentative Contract Deal

Credit Scott Olson / Getty Images

"Ford Motor Co. and the United Auto Workers have come to terms on a new four-year contract that trades annual pay raises for profit sharing and a signing bonus and promises thousands of new jobs building cars and trucks," The Associated Press writes.

Details aren't out yet, but the union has confirmed on its Twitter page that a "tentative agreement" has been reached.

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5:31am

Tue October 4, 2011
Asia

Chinese ATMs Dispense Gold Bars

Recently unveiled, the new ATMs shell out bars of gold in different weights and shapes. Gold is a popular investment in China, and there are plans to introduce 2,000 of the machines. Each can hold more than 440 lbs. of gold.

5:30am

Tue October 4, 2011
The Two-Way

As Amanda Knox Heads Home, Murdered Girl's Family Seeks Answers

Credit Franco Origlia / Getty Images

Her murder conviction overturned by an Italian appeals court, American Amanda Knox has left Italy and is making her way home to Seattle, The Associated Press reports.

Now, the BCC writes:

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5:28am

Tue October 4, 2011
Around the Nation

Frustrated Consumer Sues Walmart Over 2 Cents

Mary Bach says the price for her Brown and Serve sausage scanned for two pennies more than what the price tag showed. The Pennsylvania woman, who's a consumer activist, accused Walmart of unfair trade practices and she won. A judge awarded her $100 in damages. Walmart has a month to appeal.

5:00am

Tue October 4, 2011
The Two-Way

Nobel Prize In Physics Honors Work On Expanding Universe

Credit NASA / Getty Images

Three U.S.-born scientists whose work indicates that the universe is expanding at an accelerating rate have been awarded the 2011 Nobel Prize in Physics.

American Saul Perlmutter will share the $1.5 million award with U.S.-Australian Brian Schmidt and U.S. scientist Adam Riess, the Royal Swedish Academy of Sciences announced this morning.

In its statement announcing the honors, the academy writes that

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2:00am

Tue October 4, 2011
Economy

Will Wall Street Protests Grow Into A Movement?

Transcript

LYNN NEARY, host: It's MORNING EDITION from NPR News. I'm Lynn Neary.

DAVID GREENE, host: And I'm David Greene. Good morning. Steve Inskeep is away, and Renee Montagne will be back in the studio tomorrow.

The protest movement known as Occupy Wall Street is now in its third week, and it's still growing. It all began in Manhattan's Zuccotti Park in the Financial District. More than a thousand people gathered in that park yesterday, and NPR's Margot Adler went to have a look.

(SOUNDBITE OF MUSIC)

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2:00am

Tue October 4, 2011
Economy

Venture Capitalist Warns Of Job Creation Myths

Bill Frezza, a venture capitalist and a fellow at the Competitive Enterprise Institute says the idea that creating jobs leads to growth and prosperity is a fallacy. He tells Lynn Neary that the jobs myth is at the heart of the nation's unemployment problems.

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