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After a series of depressing announcements, Barack Obama will finally turn to an economic adviser who wasn't directly responsible for the current crisis or mentored by someone who was. According to a report in The Wall Street Journal, the president-elect wants former Fed Chair Paul Volcker to lead a new presidential advisory board focused on saving America from financial ruin. Update

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The Bush administration is pushing to save World Bank President Paul Wolfowitz's job after a committee comprised of seven of the bank's 24 board members released a 52-page report slamming Wolfowitz for his "questionable judgment and a preoccupation with self-interest," primarily for using his position to advance that of his girlfriend.

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The national SAT score average has suffered its most severe drop in 30 years. Educators insist that kids are just as intelligent, but that a recent redesign of the test, which placed increased emphasis on math and critical reading skills, is to blame for the poor showing.

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