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When it comes to close political races, the recent Gold Standard in the U.S. is the 2000 presidential vote in Florida.

So we were wondering how last night's result in the Iowa Republican presidential caucuses compares to that famous hanging-chad contest between George W. Bush and Al Gore.

Let's walk through the math:

The American political system — as corny, eclectic, chaotic and screwed up as it is with its straw polls, caucuses, primaries and contested elections — somehow gets the job done time after time.

It's weird, really: In this country that celebrates unity and national spirit, a president is chosen via quirky, jerky state-by-state (sometimes precinct-by-precinct) methods. In this society that seeks perfection, the leader is selected in a painfully imperfect process.

But, to paraphrase the old saw: Our funky form of democracy may just be the least worst way to govern.

Mitt Romney and Rick Santorum finished virtually even in Iowa's caucuses Tuesday, but after Rep. Michele Bachmann's sixth-place finish, she announced Wednesday that she is suspending her campaign. For more on the GOP race and the next contest — Tuesday's New Hampshire primary — Linda Wertheimer talks with NPR's Brian Naylor, who's in the city of Manchester.

A Catholic bishop in California has resigned his post after revealing in December that he has two children.

"The Vatican announced the bishop's resignation Jan. 4 in a one-line statement that cited church law on resignation for illness or other serious reasons," reports the Catholic News Service from Vatican City.

Pope Benedict reportedly accepted the resignation of Gabino Zavala, an auxiliary bishop for the San Gabriel Pastoral Region, in December.

If a heart attack sends you to an American hospital, you'll probably go home after only two or three nights. That's faster than virtually anyplace else in the world.

But your chances of needing to go back into the hospital within the next month are also higher than they are for heart attack patients in 16 other countries. That's the finding from a Duke University-led study in this week's JAMA, the Journal of the American Medical Association.

If the grocery bill hurts more now than it used to, you're not alone. The cost of staples like ground beef, chicken, eggs and potatoes has spiked over 10 percent in the past year, three times the cost of inflation overall.

Ironically, if you were trying to be thrifty by eating at home instead of eating out, you probably felt it most.

Though he said last night that he would go home to reassess his bid for the presidency — a signal that he might drop out of the race — this message just popped up on the personal Twitter page of Texas Gov. Rick Perry:

"And the next leg of the marathon is the Palmetto State...Here we come South Carolina!!!"

President Obama will use what's known as a recess appointment to name Richard Cordray the head of the country's new consumer watchdog agency.

A Canadian man has been making headlines because he used an image of his passport saved on his iPad — instead of the official document itself — to cross the U.S.-Canadian border two times.

Martin Reisch, 33, says he forgot his passport when he left for a car trip across the border in Quebec. But he had an iPad with him, and it contained a scan of his passport. So Reisch gave the device to the U.S. border officer, along with his drivers' license, and the explanation that he was merely driving to Vermont, to drop off some Christmas presents.

The United States saw an 1.8 percent uptick in orders to factories in November, marking a four-month high and signaling continued economic recovery. The Commerce Department also revised the data for Ocotber, which recorded a 0.2 percent drop.

Bloomberg reports:

Afghanistan's president said his country would back a deal, which might allow the Taliban to open an office in Qatar where they could hold peace talks with the United States and Afghanistan.

"Afghanistan agrees with negotiations between United States of America and the Taliban which will result in the establishment of an office for Taliban in Qatar," President Hamid Karzai said on Wednesday.

The AP adds:

To welcome the Year of the Dragon, China's postal service plans to release commemorative postage stamps featuring the fabled beast. But many customers are finding the image to be a little over the top.

Here are some reactions cited by China's Xinhua news agency:

When it comes to keeping off fat, protein sounds to some like a magic bullet.

For decades, people have been making the case that eating a lot more of it, as in the Atkins diet, or lots less of it, will change the body's metabolism, spurring weight loss.

But alas, it ain't so easy.

Year over year, the number of Spanish-speaking kindergarteners at Vardaman Elementary School in northeast Mississippi has been on the rise.

Census numbers show the South has the fastest-growing Hispanic population in the country. Now, Vardaman Elementary is about to become Mississippi's first predominantly Latino primary school, and that's posing special challenges when it comes to finding teachers who can help Spanish-speaking students adapt to the American classroom.

Vardaman Takes Its Own Approach

After Mitt Romney's narrow win in Tuesday's Iowa caucuses, the GOP presidential hopefuls move on to New Hampshire, where voters cast their ballots in a primary next week. For more on the Republican presidential race, Steve Inskeep speaks to NPR's Brian Naylor, who is in New Hampshire.

The AP is reporting that Rep. Michele Bachmann has cancelled a campaign trip to South Carolina. Bachmann ended last night with just five percent of the vote, ahead of only Jon Huntsman, who didn't compete in the state.

Bachmann campaign manager Keith Nahigan would not tell the AP whether Bachmann intends to drop out.

NBC News' James Novogrod reports on Twitter that Bachmann has also scheduled a press conference for 11 a.m. ET.

We've been helping our friends at It's All Politics on the big story of the morning, which, as you've no doubt heard, is that after a nail-biter of a night, Mitt Romney took the Iowa primary by eight votes. Rick Santorum pulled a surprising turn around to end up second.

Here's some of the territory we've covered on IAP:

Several news outlets, including the AP and The New York Times, report that Sen. John McCain, R-Ariz., will endorse Mitt Romney.

Rick Santorum's impressive turnaround in Iowa has given him a slight boost in New Hampshire, according to a "flash" poll conducted last night.

The CNN/ORC International poll talked to 554 likely Republican primary voters in New Hampshire first in December, and then last night. It found that Mitt Romney's sizable lead remained the same: 47 percent of those polled said they'd vote for him, followed by Ron Paul at 17 percent.

NPR News has prepared a special podcast on the first presidential contest of the year — and where the race goes from here.

The podcast includes highlights from NPR's reporting from the Iowa caucuses as well as analysis of the potential impact. You'll hear from the candidates — several of whom count themselves among the winners — plus others who are reassessing their chances. Republican caucusgoers weigh in on how they made up their minds, and we hear from Democratic caucusgoers preparing for battle in the fall.

At the start of his show yesterday morning, MSNBC's Chuck Todd could not contain his glee: "It's caucus day. Finally! I've been waiting for this day for 3 1/2 years."

Speak for yourself, Chuck.

In the build-up to the Iowa caucuses, we heard about the ground game, the expectations game, the endorsement game, and the super PACs. And we get the justification: It's blood sport, it's a vetting process, it's a surge, it's a generous slathering of awesome on an Iowa corn dog.

Erik McBee, 15, faced a test of his survival skills. He was traveling on Southwest Airlines, and fell asleep. He slept through the landing at his destination, Tulsa. KPHO TV says he woke up in St. Louis with no contacts, no money and no phone.

Transcript

LINDA WERTHEIMER, HOST:

Good morning. I'm Linda Wertheimer. A British woman had a break-in in September. Thieves stole a life-size statue of E.T., the extraterrestrial from the famous film. She thought it was gone for good until last week, when a passerby saw it floating in a river and called the police. They reunited the statue with its owner. So, a little late for the holidays, a little soggy, E.T. finally did phone home. You're listening to MORNING EDITION. Transcript provided by NPR, Copyright National Public Radio.

You might think that after a spectacular night of political drama, one in which Mitt Romney eked out an eight-vote victory over Rick Santorum in Iowa, we might have a little more to tell you than the GOP field is just as unsettled as it was before the caucuses.

Transcript

STEVE INSKEEP, HOST:

It's MORNING EDITION from NPR News. I'm Steve Inskeep.

LINDA WERTHEIMER, HOST:

And I'm Linda Wertheimer.

Throughout this morning, we're tracking the results of Iowa's Republican presidential caucuses, where Mitt Romney edged Rick Santorum by just eight votes. We're also following other news, including developments from a country that changed its leader with no election at all.