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The apparent unraveling of Gov. Eliot Spitzer's political career is playing like a soap opera in New York. Member station WNYC's Fred Mogul found a lot of people in New York City have dropped everything in favor of watching the real-life political drama unfold in the media.

New York Gov. Eliot Spitzer apologizes following reports that he was caught up in a high-end prostitution ring. Renee Montange talks with Brooke Masters, a senior business reporter with the Financial Times, about the crime-fighting politcian once known as "Mr. Clean." Masters is the author of Spoiling For A Fight: The Rise of Eliot Spitzer.

New York Gov. Eliot Spitzer resigned Wednesday amid allegations that he is involved in a high-end prostitution ring. "The remorse I feel will always be with me," he told reporters.

New York Gov. Eliot Spitzer has announced that he is resigning. Spitzer will step down on Monday and hand over the reins of power to Lt. Governor David Paterson. Spitzer had been under intense pressure to resign after federal law enforcement alleged that he had paid large sums of cash to a high-class call girl agency.

The U.S. dollar plunged against other major currencies Thursday, dipping below 100 yen for the first time in 12 years. There were other signs of weakness — retail sales were down in February. Despite all this, the stock market closed higher.

Geraldine Ferraro has given up her position on the finance committee of Sen. Hillary Clinton's presidential campaign in the wake of a controversial remark about Sen. Barack Obama.

Tibetan monks stage their biggest demonstrations in nearly two decades against Chinese rule. China's state-run news agency says hundreds of protesters joined the Buddhist monks in the capital, Lhasa. Several shops were burned.

As Iran prepares to elect a new parliament on Friday, hundreds of reform candidates have been disqualified by a non-elected council. Iran's leaders say this is democracy. Critics in Iran say it's hardly democratic.

Los Angeles County Sheriff Robert Luna released video of the July 2022 incident this week, saying he'd only just learned of it. He said the deputy has been disciplined and the FBI is looking into it.

The Federal Reserve lowered a key interest rate on Tuesday by three-quarters of a percentage point, a hefty cut that nonetheless was smaller than many analysts had expected. The federal funds rate now stands at 2.25 percent, the lowest since February 2005. It makes it easier for consumers and businesses to borrow money.