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The bank UBS has been in the middle of a huge investigation into interest rate manipulation. There are several reports that a subsidiary of UBS is making a settlement deal with U.S., British and Swiss officials.

Comedy Central's Stephen Colbert launched his own political superPAC last year, and the gag raised a lot of money. Colbert has announced that leftover cash will go to charities including Habitat for Humanity and Hurricane Sandy Relief.

After a spate of such attacks in recent years, concerns were raised about the failures of China's psychiatric care system. Today's attack renews those fears. Fortunately, none of the 22 children wounded today have life-threatening injuries.

The inflation rate, which spiked in August and September when gas prices rose sharply, now appears to have slowed again. That should let the Federal Reserve keep up its efforts to give the economy a boost.

Also: Russia walks back talk of shift in stance on Syria; UBS reported to be in talks about penalty; no deal yet on avoiding "fiscal cliff;" Ambassador Susan Rice explains why she said no.

"It would not make sense" for the federal government to make prosecuting recreational users in states that have decriminalized marijuana a top priority, the president tells ABC News.

Islamist groups have been well-organized and have been winning the political battles to create a new Egypt. This could propel them to a victory in the vote on the new constitution when balloting begins Saturday.

In this week's Barbershop, the guys weigh in on U.N. Ambassador Susan Rice withdrawing her name from consideration for secretary of state. They also discuss Michigan's right-to-work law and whether unions are still relevant today.

The Syrian opposition is running many local councils, particularly in the north of the country. They face urgent challenges, such as providing food, and are counting on increased international assistance to help them function.

American officials tell NPR that Syria's preparations are more extensive than previously reported. The U.S. and NATO are preparing for ways to address the chemical weapons threat.