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Time names Obama 'Person of the Year'

Updated: 12/17/2008 - President-elect Barack Obama has won another contest: He's been named Time magazine's "Person of the Year" for 2008.

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Governor's panel says Calif. must fix water system

Updated: 12/17/2008 - A panel of the governor's top advisers on Tuesday backed sweeping changes to California's water system, including the building of dams and a canal to pipe water around the Sacramento-San Joaquin Delta.

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SEC Chairman says Agency Failed to Probe Madoff

Updated: 12/17/2008 - In a stunning rebuke, the Securities and Exchange Commission chairman blames his career regulators for a decade-long failure to investigate Wall Street money manager Bernard L. Madoff, now accused of running one of the largest Ponzi schemes ever.

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Stock Futures Fall as Rate Cut Enthusiasm Wanes

Updated: 12/17/2008 - Wall Street headed for a lower open Wednesday after its big jump a day earlier, as investors' enthusiasm over historically low interest rates gave way to concerns about the nation's weak economy and struggling companies.

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Yahoo To Shorten Logs Of User Activity To 3 Months

Updated: 12/17/2008 - Yahoo Inc. said Wednesday that it will shorten the amount of time that it retains data about its users' online behavior - including Internet search records - to three months from 13 months and expand the range of data that it "anonymizes" after that period.

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Scientists Find Hole In Earth's Magnetic Field

Updated: 12/17/2008 - Recent satellite observations have revealed the largest breach yet seen in the magnetic field that protects Earth from most of the sun's violent blasts, researchers reported Tuesday. The discovery was made last summer by Themis, a fleet of five small NASA satellites.

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FDA Adds Suicide Warning To Epilepsy Drugs

Updated: 12/17/2008 - Drugs used by millions of patients to control epileptic seizures must carry warnings about heightened risks of suicide, federal regulators said Tuesday.

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Nation's First Face Transplant Done In Cleveland

Updated: 12/17/2008 - A woman so horribly disfigured she was willing to risk her life to do something about it has undergone the nation's first near-total face transplant, the Cleveland Clinic announced Tuesday.

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Zimbabwe's Neighbors Scoff At Mugabe's Claims

Updated: 12/17/2008 - Zimbabwe's neighbors do not believe allegations that opposition militants are training in Botswana to try to overthrow Robert Mugabe, the leader of the main regional bloc said Wednesday.

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White House Pressured By Lawmakers On Auto Bailout

Updated: 12/17/2008 - The Bush administration faces competing pressures from lawmakers in different congressional factions as it reviews its options for bailing out the downtrodden U.S. auto industry.

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Greek Youths Hang Protest Banners From Acropolis

Updated: 12/17/2008 - Protesters hung two giant banners off the Acropolis on Wednesday, with slogans calling for mass demonstrations across Europe and "resistance" after days of violent protests sparked by the fatal police shooting of a teenager in Athens.

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No Respite As Wintry Storms Spread Over Nation

Updated: 12/17/2008 - Students went home for a snow day, stranded travelers waited at airports and drivers slid across icy roads in the second day of a bitter cold wave that blanketed much of the nation Tuesday.

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Middle School Student Gives Up Christmas Gift to Help Friend

Updated: 12/17/2008 - Drake Herrman, 13, a student at Washburn Rural Middle School, asked his mom to return an expensive Christmas gift and give the money to one of his classmates, Jessica Seidel, who is suffering from a rare blood cell disorder.

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Wisconsin Brothers Bowl Perfect 300 Games Together

Updated: 12/16/2008 - Brothers Ed and Tom Shircel have combined for 10 perfect games in their bowling careers, and now they've reached another milestone: rolling perfect games while bowling together. Each rolled a 300 while bowling Monday night at Lakeshore Lanes for the same team and in the same game.

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Cake Request For 3-year-old Hitler Namesake Denied

Updated: 12/16/2008 - The father of 3-year-old Adolf Hitler Campbell, denied a birthday cake with the child's full name on it by one New Jersey supermarket, is asking for a little tolerance. Heath Campbell and his wife, Deborah, are upset not only with the decision made by the Greenwich ShopRite, but with an outpouring of angry Internet postings in response to a local newspaper article over the weekend on their flare-up over frosting.

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Fall Out Boy Turn Focus Outward on New CD

Updated: 12/16/2008 - If you're wondering how Pete Wentz feels about becoming a dad or looking for insight into his recent marriage to Ashlee Simpson, don't expect to find any details by listening to Fall Out Boy's new CD, "Folie A Deux."

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Marilyn Monroe Pics Sold for $150,000

Updated: 12/16/2008 - A collection of photographs of Marilyn Monroe taken for Vogue magazine the year she died has been auctioned in New York for nearly $150,000.

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White House Pressed From Right, Left on Car Rescue

Updated: 12/16/2008 - Conservative Republicans admonished the White House Tuesday not to use bank-bailout billions to rescue distressed U.S. automakers, and a key Democrat demanded the government get veto power over the companies' business decisions as a condition of any aid.

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Apple CEO Jobs Absent From Macworld Lineup

Updated: 12/16/2008 - Apple Inc. said Tuesday that Chief Executive Steve Jobs won't be delivering the highly anticipated presentation that usually marks the highlight of the annual Macworld computer trade show in January.

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