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The New York Democrat told reporters that he has been advocating for the new formula because for years, Upstate New York got unfairly low Medicare payments.

European markets remain jittery as the sovereign debt crisis drags on but investors are finding some relief in news that China may help out one of the largest economies in the European Union. Italian officials confirmed Tuesday that they've been talking with a top Chinese state investment fund about buying Italian government bonds.

Since last Thursday, top designers have been showcasing their Spring 2012 collections in N.Y. Pulitzer Prize-winning style writer Robin Givhan has been on the scene, seeing vibrant colors and bold prints dominating the runway. In the audience, American Vogue chief Anna Wintour was sitting with rapper Nicki Minaj. Givhan also talks about the smashing success of Missoni's limited edition Target line.

Europe's largest bank allowed drug cartels to launder billions of dollars through its U.S. operations, and skirted bans against transactions with Iran. Those are among the findings of a Senate investigation of London-based HSBC. Executives from the bank are in Washington for a hearing on the probe.

A session guitarist in the Los Angeles area, Mike Post was 20 years old when he played on Sonny & Cher's "I Got You, Babe." In 1967, Post produced and arranged a top 10 hit for Kenny Rogers & the First Edition: "Just Dropped In (To See What Condition My Condition Was In)." Post's TV career began at 24, when he was made the Music Director for the "Andy Williams Show." He has since composed theme music for shows including The Rockford Files (his theme won a Grammy), Magnum P.I., Hill Street Blues and most recently, NYPD Blue.

Funny Ha Ha, the first film by 29-year-old director Andrew Bujalski, made a lot of critics top 10 lists in 2004 -- quite a feat for a film made with a minimal crew, a loose script, and the director's friends. Bujalski’s new film, Mutual Appreciation, features Justin Rice, lead singer for the indie pop band Bishop Allen. Now playing in New York and Los Angeles, it will open in more cities this fall.

NPR's Linda Gradstein reports from Jerusalem that behind last month's eruption of violence over an obscure archaeological tunnel lies the bigger issue troubling the city's future: the challenge to the status quo whereby each religion respects and honors the holy places of their rival religions. That Palestinians are sensitive to each and every change in the makeup of Old Jerusalem can be explained by the fact that militant Zionists are insisting on encroaching and praying in the Muslim's holy sanctuary of Haram al Sahrif, on top of the Temple Mount.

Some top black Republicans have hinted they might switch parties to support Barack Obama this fall. Farai Chideya asks three black conservatives who they're supporting for president and why.

In his new book, The Inheritance, David Sanger writes about the multiple foreign policy challenges President-elect Obama will face when he takes office. Also, he reports on the top threats Obama will likely contend with during his presidency.

There has been a "lack of effective corporate governance" at News Corp. and a culture of problems that "permeated from the top," a British Parliament committee concludes. It's scathing report follows the so-called hacking scandal in the U.K.