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Then President George Bush celebrates his victory during his acceptance speech on November 8, 1988 at the Brown Convention Center in Houston. - 

It's the anniversary of George H.W. Bush's famous tax quote. The tiny island of Cyprus is the latest eurozone nation seeking a bailout. And News Corp. is on the splits, according to The Wall Street Journal. All that and more in today's Mid-Day Update Podcast.

Follow Jeremy Hobson at @jeremyhobson