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.
Perhaps it's fitting that the state that kept everyone up late last night, waiting for results, was Ohio. It's a swing state, and it seems every four years, in the fall, Ohio becomes the center of attention in a presidential election.
This year, as NPR's Tamara Keith reports, it just happened a little earlier.
TAMARA KEITH, BYLINE: Talk to Ohio voters - Republicans and Democrats alike - and there's one issue that rises above all the others.
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.
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.
Tina Brown, editor of The Daily Beast and Newsweek, tells us what she's been reading in a feature that Morning Edition likes to call "Word of Mouth." This month, Brown selects two pieces of writing profiling individuals at the center of political change in their respective countries.
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.
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.