President Obama returned yesterday to the scene of Hurricane Sandy's devastation; this time, visiting hard-hit areas of New York. He promised to stick with residents until the rebuilding effort is complete. Here's NPR national political correspondent Mara Liasson.
NPR's business news starts with more mortgage problems.
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INSKEEP: Independent auditors released a report this morning, showing that the Federal Housing Administration is facing a shortfall from losses on the mortgages it insures. The Obama administration says it's going to take steps to prevent a taxpayer bailout.
As NPR's Ailsa Chang reports, the FHA has been struggling since the foreclosure crisis hit four years ago.
Israel's neighbor Jordan had largely avoided the unrest sparked by the Arab Spring until now. Jordan's king has outlasted protests that have been much smaller than in other nations, but a government move to raise fuel prices sparked fresh protests and even calls for King Abdullah to step down. A protester who died in a clash with police has become a symbol of protesters' fury. NPR's Leila Fadel has the story.
Originally published on Fri November 16, 2012 5:49 am
The two biggest fears of the fiscal cliff are defense cuts and tax hikes. The nation's mayors say the devastating effects of automatic cuts reach further than the Defense Department — right into their own cities. Steve Inskeep talks to the Democratic Mayor of Charleston, S.C., Jospeh Riley and Republican Mayor Scott Smith of Mesa, Ariz., about the impact sequestration could have in their cities.
For those who want to buy Nintendo's new video game console, you may have to wait a while. The Wii U goes on sale Sunday, but many stores have already sold out pre-orders. On Amazon, you can find the new console, but for much more than Nintendo's $350 price.
To find out what's the big deal for gamers and for Nintendo is, we've called Daisuke Wakabayashi. He covers Japanese video game companies for The Wall Street Journal, and joins us from Tokyo.