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jet in 172 dressed as a priest. the fbi says wright then forced agents to deliver $1 million ransom dressed only in swim trunks to prove agents had no guns. he flew to algeria and vanished, until now. he was living in a resort town and is now fighting extradition. for a second day workers are hanging outside the washington monument at the very tippy top, checking each marble block. that earthquake that shook the east coast last month did more damage than first thought. >> these engineers will have to inspect every stone. it will take at least a few days. park officials say they can...

bridge collapses. sending a tourist bus plunging into the forest below and the death toll could get higher. clock is ticking and tensions are soaring and if you want an idea how things heat are over the debt crisis, listen to this. president obama storms out of yesterday's meeting vowing he will veto any extension of the debt ceiling that is only short term. reports say he said to aeric cantor, quote, many could bring down my presidency. the august 2nd deadline is looming and pessimism is growing. a major rating agency says it will review the nation' sterling bond rating for a po...

The syria and israel border, but asad is killing his own people so there's a feeling that the u.s. has to do more there. you can't be bombing libya and not do more about syria. some people think if you push him out of power it might weaken iran and other enemies in the region, shep. >> shepard: president obama is expected to give a speech on the middle east this thursday. i guess we got a preview today. is that right? >> a source told me moments ago that there will be a mention of iran, but the central focus will be economic and political reform in the region. the president focused today on th...

And yuan evaluation is another issue. some believe the yuan is hugely undervalued. some are calling for as much as a 25% rise. an analyst told me that really isn't going to happen, toe, but says a nominal rise after this two-day dialogue wouldn't be unheard of. if that happens, it could be seen as a gift from the bank of china to keep talks going. adjust eed for inflation since last june, this is a 10% gain. u.s. hit rates not seen since 1993. right now, the u.s. dollar is trading at about 6.49 yuan. talks on further yuan evaluation will be of central focus. the argument that the u.s. is pushi...

The bigger problem may be something that's very structural here in the u.s., piers, and that is the fact that the federal government develops and does develop very excellent guidelines. but the states are actually not obligated nor the cities to follow those guidelines. we have a federalist system. we don't have really national direction of disaster preparedness planning as they do in japan, as they do in great britain and israel and so forth. so we have more than 100 committees and subcommittees in congress that are appropriating money in these various silos, and doing this and that. we don't...