3:35pm

Tue November 15, 2011
Business

NYC Taxi Medallions Fetch 'Unbelievable' Returns

Originally published on Tue November 15, 2011 6:50 pm

A New York City Taxi & Limousine Commission medallion adorns the hood of a taxi. The value of a medallion has increased 1,000 percent since 1980.
Chip East Bloomberg via Getty Images

It's been a bumpy ride these past few years for investors looking for easy ways to make money. Stocks, bonds and real estate have all seen wild swings or simply delivered disappointing results.

But a taxi medallion is one investment that keeps going up in value: Two of them recently sold for a record $1 million each.

A taxi medallion gives the bearer the right to pick up rides for hire. It turns out it's also a great investment vehicle. When New York cab driver Sushil Maggoo bought his in 2003, for example, he paid around $215,000.

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3:30pm

Tue November 15, 2011
The Two-Way

Is Lying On The Internet Illegal?

Originally published on Tue November 15, 2011 3:52 pm

A screen shot of Facebook's terms of service.
Facebook

Today, a subcommittee of the Committee On The Judiciary heard some fascinating testimony about the Computer Fraud and Abuse Act (CFAA). (We know what that sounds like, but bear with us.)

The hearing, titled "Cyber Security: Protecting America's New Frontier," really focused on big cyber threats to the country's infrastructure, but there was another juicier question that came out of the hearing: The way the Justice Department wants to interpret a current law, lying on the Internet would amount to a crime.

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3:14pm

Tue November 15, 2011
Middle East

Islamist Parties Proliferate In Post-Mubarak Egypt

Originally published on Tue November 15, 2011 8:34 pm

Demonstrators from a Salafi group chant slogans and hold posters that read, in Arabic, "Islamic Egypt," during a Sept. 23 protest against emergency law in Cairo. Salafi political parties will be among those vying in upcoming elections.
Khalil Hamra AP

Egypt holds parliamentary elections this month and many people expect the outcome to be similar to recent polls in Tunisia, where an Islamist party won the largest bloc of seats.

Nearly a dozen official parties with ties to Islamist groups have sprung up in Egypt since the summer, and most analysts predict they will do well.

Gamal Ashry is one parliamentary candidate. He's with the Freedom and Justice Party, the political offshoot of the Muslim Brotherhood, the Arab world's largest and oldest Islamist movement.

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3:00pm

Tue November 15, 2011
World

Violence Intensifies In Syria

Violence is intensifying in Syria, with as many as 70 dead in the past 24 hours. Among the casualties were Syrian army defectors who clashed with government forces near the southern city of Deraa. There was also much bloodshed in the central city of Homs, another hotbed of resistance to the Assad regime.

3:00pm

Tue November 15, 2011
NPR Story

Panetta Addresses Iraq Troop Withdrawal

Top Pentagon leaders went to Capitol Hill Tuesday and took tough questions from lawmakers on the future of the U.S. relationship with Iraq. Specifically, they addressed how the decision to withdraw all U.S. combat troops by the end of this year will impact Iraq's stability and U.S. national security interests in the region. Secretary of Defense Leon Panetta told a congressional committee that, while U.S. military commanders wanted to keep a contingency force on the ground, it was Iraq's decision to make.

2:19pm

Tue November 15, 2011
NPR Story

Businesses Reeling In Wake Of NBA Lockout

After weeks of game postponements, the NBA league made a final offer to players — and the players rejected it. Cancelling games affects the players and the fans, but it can also be devastating for the many businesses that revolve around the industry.

1:45pm

Tue November 15, 2011
The Two-Way

The Citadel Faces Abuse Scandal Similar To Penn State's

Note: There are some details of alleged sexual activity with minors in this post.

There's a story unfolding in Charleston, S.C., that sounds depressingly similar to the scandal that has rocked Penn State University.

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1:25pm

Tue November 15, 2011
The Two-Way

The Occupy Movement And The First Amendment: 'A Classic Collision'

Originally published on Tue November 15, 2011 1:34 pm

NYPD officers pull down signage as they clear out Occupy Wall Street activists from a private park next to Duarte Square in New York City.
Preston Rescigno Getty Images

When New York Police moved to dismantle the Occupy Wall Street encampment at Zuccotti Park in the pre-dawn hours, one of the first questions aired on the Web was, "What about the First Amendment?"

Juan Cole, a professor of history at the University of Michigan, quickly penned a blog post, concluding:

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1:00pm

Tue November 15, 2011
From Our Listeners

Letters: Reporting Abuse, Finding Personal Renewal

Transcript

BRIAN NAYLOR, host: It's Tuesday, and time to read from your comments. When we talked to author P.J. O'Rourke about his new book "Holidays in Heck," many of you offered suggestions of where P.J. should go next. Wu Nyen Proul(ph) in Franklin, Kentucky, wrote: Visit Easter Island. It's such a humbling experience to stand before the Moai, sleep to the sound of waves, pure unpolluted air and great fish. Even a 4G iPhone can't get a connection. You and your family will enjoy what it's like to live without the Worldwide Web - these days, something one can only imagine.

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1:00pm

Tue November 15, 2011
Opinion

Op-Ed: GOP Should Recast Its Message On Inequality

Occupy Wall Street and reports on the nation's growing income gap have helped rally the political left, argues Matthew Continetti of The Weekly Standard. It is not the government's responsibility to redress wealth disparities, he says, and the GOP must do a better job of communicating that message.

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