10 things you need to know today: December 9, 2012

Egypt's Morsi rolls back his power decree, Marquez knocks out Pacquiao, and more in our roundup of the stories that are making news and driving opinion

Manny Pacquiao lays face down on the mat after being knocked out in the sixth round by Juan Manuel Marquez on Dec. 8.
(Image credit: Al Bello/Getty Images)

1. MORSI ROLLS BACK POWER DECREE, BUT MOVES FORWARD WITH REFERENDUM

In a midnight news conference on Saturday, Egypt's prime minister said President Mohamed Morsi was offering concessions to opponents that he had previously dismissed. Morsi rescinded most of his Nov. 22 decree, which made his decisions immune from judicial review and drew the ire of tens of thousands of protesters. The president did not, however, give in to the demand that a constitutional referendum scheduled for Dec. 15 be postponed. Morsi did offer a convoluted arrangement for the opposing sides to negotiate constitutional amendments this week that would be added to the charter after the vote. The moves offered little hope of fully resolving the standoff, in part because opposition leaders had already ruled out any rushed attempt at a compromise in the few days left before the referendum. [New York Times]

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Frances is a senior editor at TheWeek.com, managing the website on the early morning shift and editing stories on everything from politics to entertainment to science and tech. She's a graduate of Yale and the University of Missouri journalism school, and has previously worked at TIME and Real Simple. You can follow her on Twitter and on Tumblr.