Morning Edition on KAZU

Transcript

RENEE MONTAGNE, HOST:

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.

Mitt Romney won six of the 10 Super Tuesday contests. Rick Santorum won three while Newt Gingrich won one. Ron Paul was the only candidate who did not win at least one contest.

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.

Dunkin Donuts is aiming to nearly double its outlets in China. To help meet its goal, the donut chain has come up with pork donuts. The company even recruited NBA star LeBron James to pitch the new treats to Chinese consumers.

In Houston Tuesday, a federal jury convicted Texas financier R. Allen Stanford of running a massive Ponzi scheme. Jurors agreed with prosecutors, who claimed he ran a global scheme that lasted more than 20 years and involved more than $7 billion in investments.