Let's devote the next few minutes to the subject that President Obama began his press conference on, the U.S. housing market. The president pointed out that in many ways the U.S. economy is looking up. But...
PRESIDENT BARACK OBAMA: There are still millions of Americans who can't find a job. There are millions more who are having a tough time making the rent or the mortgage, paying for gas or groceries. So our job in Washington isn't to sit back and do nothing. And it's certainly not to stand in the way of the recovery.
It's MORNING EDITION from NPR News. I'm Steve Inskeep.
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And I'm Renee Montagne.
It was the biggest day yet in the Republican presidential race. Mitt Romney hoped that Super Tuesday would reinforce his frontrunner status. And to some degree it did. He won six of the 10 states, including the most populous and hotly contested state, Ohio.
When Lehman Brothers collapsed in 2008, it was the largest bankruptcy in U.S. history. More than three years later, Lehman is emerging from Chapter 11. The firm is really just back in business to liquidate itself. Lehman has about $65 billion in assets that it intends to distribute among its many creditors starting next month.
And our last word in business today is: culinary frontiers.
When companies come into foreign markets, they often devise products that reflect local tastes - kosher Big Macs in Israel, for instance. So with Dunkin Donuts aiming to nearly double its outlets in China, it has come up with pork donuts.
President Obama held a wide-ranging news conference Tuesday. He bluntly challenged Republican critics of his Iran policy — saying the stakes are too high to let politics intrude. The news conference was designed to steal some of the spotlight from GOP presidential hopefuls on Super Tuesday.
The elite athletes who travel to London for this summer's Olympic Games will include petite gymnasts, huge wrestlers — and elite horses, which compete in dressage and other events. Getting these strong and delicate animals to the Olympics is no job for an amateur. In fact, it's the job of Tim Dutta, who owns an international horse transport company.
Russian tanks drive through Moscow's Red Square during a military parade in May 2011, in commemoration of the end of World War II. Russian leader Vladimir Putin has called for revamping Russia's military for years, but the results have been limited.
Credit Natalia Kolesnikova / AFP/Getty Images
Russian President Dmitry Medvedev (left), Prime Minister Vladimir Putin and World War II veterans watch Victory Day celebrations in Moscow last May. Putin says his proposed military modernization will cost the equivalent of about $770 billion over the next 10 years.
Every May, Russia displays its military might in a parade on Victory Day, commemorating the surrender of the Nazis to the Soviet Union in World War II.
The marching men and rolling tanks put on an impressive show, but Russia's military, and especially its defense industry, has fallen on hard times.
"The industry, much like other parts of the economy, hasn't seen proper investment for over a decade, if not more," says Lilit Gevorgyan, a Russia analyst for the defense industry consultant IHS Jane's.