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With Detroit deep in the red, Michigan Gov. Rick Snyder has announced that the state will take over the city's finances, cut existing labor contracts and sell city assets. The business community and some residents applaud the move, but others fear a greater decline in already faltering city services.

Wojciech Inglot was a chemist and entrepreneur who tried to come up with a more healthful alternative to traditional nail polish. He died Feb. 23.

A last-ditch meeting between the president and congressional leaders did not produce a deal, which means sequester cuts have begun.

Host Scott Simon talks with the Republican governor of Michigan, Rick Snyder, who on Friday announced he will appoint an emergency financial manager for Detroit. The city faces a $327 million budget deficit and more than $14 billion in long-term debt.

Rescuers are back at work outside a central Fla. home, testing the edges of the sinkhole to see if they can get close enough to search for Jeff Bush. He fell inside late Thursday night and is feared dead.

Secretary of State John Kerry is meeting with the Egyptian president and opposition leaders to help forge a path through the country's turmoil. Kerry says it is "paramount" that leaders come together to tackle Egypt's financial woes.

Burglary is a big problem in the California city so Mayor Jean Quan opened the door to some criticism when her newsletter of community events advertised a lock-picking class. Learn the art for only $40. Some residents were unhinged but organizers say the course is for lock-picking hobbyists, not criminals.

Near Tampa, 37-year-old Jeffrey Bush is missing and presumed dead. A sinkhole opened up under his bedroom last week. Authorities say it's too dangerous in the 60-foot-deep chasm to search for him. Instead, the home is being demolished.

Pulitzer Prize-winning writer Lawrence Wright of the New Yorker walks us past the tabloid racks and through the actual, mysterious Church of Scientology…

The bulls continued to run on Wall Street, where the Dow surpassed its all-time high.