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2:06 pm
Fri December 21, 2012

Japan's Economic Woes Offer Lessons To U.S.

Japan's economy has been struggling for two decades and faces some of the same problems the U.S. has. Here, a man in Tokyo passes an electronic board displaying falling global markets.
Yuriko Nakao Reuters/Landov

Originally published on Fri December 21, 2012 6:21 pm

In the 1980s, Japan appeared to be a world beater — the China of its day. Japanese companies were on a tear, buying up firms in the U.S. and property around the world.

But these days, Japan is considered a cautionary tale for post-industrial economies around the world. The country is facing its fourth recession in what are commonly known as the "lost decades."

Japan's story resonates this holiday season as American politicians try to reach a debt deal.

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It's All Politics
2:06 pm
Fri December 21, 2012

House GOP Leaves 'Lump Of Coal' In 'Fiscal Cliff' Negotiations

House Speaker John Boehner, R-Ohio, joined by House Majority Leader Eric Cantor, R-Va., speaks to reporters about the "fiscal cliff" negotiations at the Capitol on Friday.
J. Scott Applewhite AP

Originally published on Fri December 21, 2012 6:21 pm

In 10 days, virtually all Americans will be hit with a tax increase and deep government spending cuts will follow shortly behind. That is, unless Congress and President Obama can find a way to avert the "fiscal cliff."

It's not looking very promising at the moment. On Thursday night, House Speaker John Boehner, R-Ohio, pulled the plug on a measure he was calling his "Plan B" and sent his members home for Christmas.

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Asia
2:06 pm
Fri December 21, 2012

Australians Urge U.S. To Look At Their Gun Laws

After a 1996 mass killing, Australia tightened its gun laws. Here, graffiti covers the wall of the hospital holding the suspect of the massacre that left 35 people dead.
Rick Rycroft AP

Originally published on Fri December 21, 2012 6:21 pm

A the U.S. wages a debate on its gun laws, some Australians are urging Americans to consider their experience.

For Australia, the turning point came on April 28, 1996, when a lone gunman opened fire with a semi-automatic rifle in Port Arthur, a popular tourist destination in the state of Tasmania.

Cathy Gordon was there that day, escorting six visiting musicians as part of her job with the Tasmanian Symphony Orchestra. They were leaving a cafe just as the shooter, Martin Bryant, pulled out an AR-15 assault rifle.

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NPR Story
1:40 pm
Fri December 21, 2012

NRA: 'Only Thing That Stops A Bad Guy With A Gun Is A Good Guy With A Gun'

Originally published on Fri December 21, 2012 6:21 pm

Transcript

MELISSA BLOCK, HOST:

Today also brought the first detailed response to the Newtown shootings from the nation's largest gun rights group, the National Rifle Association. At a media event here in Washington, the group's CEO took a defiant stance and took no questions. NRA leaders had promised meaningful contributions on how to prevent more mass killings. As NPR's Peter Overby reports, they recommended more, not fewer, guns.

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U.S.
1:33 pm
Fri December 21, 2012

For NRA, There's Nothing To Debate About Guns

Wayne LaPierre, executive vice president of the National Rifle Association, holds a news conference in Washington, D.C., on Friday.
Paul J. Richards AFP/Getty Images

The National Rifle Association won itself no new converts with its news conference Friday.

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