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An 11-year-old boy from Oklahoma is being honored for his heroism. Davyon Johnson was named an honorary member of both the sheriff's office and the police force.

ECONOMY: HOST SUSAN STAMBERG SPEAKS WITH JOE NOCERA, BUSINESS COLUMNIST FOR GQ MAGAZINE ABOUT A HUGE BUYOUT IN HOLLYWOOD. SEAGRAMS, THE HUGE LIQUOR COMPANY, IS EXPECTED TO PURCHASE MCA... MCA OWNS UNIVERSAL PICTURES, UNIVERSAL THEME PARKS AND TWO BIG RECORD COMPANIES.

NPR'S ANNE GARRELS REPORTS FROM MOSCOW THAT IT APPEARS THAT THE LONG LINES OF PEOPLE WAITING TO PURCHASE AVAILABLE BASIC GOODS, WHICH WERE SO FAMILIAR IN OUR MEMORIES OF THE FORMER SOVIET UNION, HAVE NOT ENDED WITH THE FALL OF COMMUNISM. PEOPLE ARE JUST LINING UP FOR DIFFERENT REASONS.

The Federal Reserve signaled that it will soon begin to taper — cut back on its monthly purchases of Treasury bonds and mortgage-backed securities — but the timeline isn't clear yet.

NPR's Alex Chadwick talks with television producer Norman Lear. This week, Lear and a partner purchased an original copy of the Declaration of Independence for $7.4 million. They plan to send the document around the country for the public to see.

NPR's Jackie Northam reports on the recall of Bridgestone/Firestone tires amid concerns that the tread peels off the tire at high speeds. The company announced yesterday that customers who replace their tires as a result of the recall can be reimbursed for purchases made between August 9 and August 16.

NPR's Jim Zarroli reports the Internet music site CDNow has been purchased by Germany's Bertelsmann conglomerate. The company is one of the most popular retailing sites on the web. But due to costly advertising campaigns and small profit margins, CDNow has lost more than 200-million dollars since it was created.

Consumer confidence falls. But worries over the big economic picture don't necessarily translate into fewer purchases by consumers. NPR's Scott Horsley reports.

NPR's Rob Gifford reports the president of Taiwan has urged the United States to use wisdom in ending its standoff with China over the detained American crew. Taiwan could well be affected by the outcome of this crisis. The island wants to make a major arms purchase from the United States. Beijing opposes the sale.

Mark Pachter, director of the National Portrait Gallery, finds a donor to help the Smithsonian Insitution purchase Gilbert Stuart's 1796 portrait of George Washington. His ability to raise more than $20 million for the effort is a tribute to the lasting appeal of an iconic image.