And let's turn to the issue that is front and center this election year - the economy. Austerity measures aimed at curing Europe's debt crisis have thrown a number of eurozone countries into recession. The threat of defaults in Greece and even larger countries like Spain have rattled U.S. financial markets, and President Obama recently said that Europe's troubles are casting a shadow over the U.S. economy.
To better understand what the president is talking about, we brought in NPR economics correspondent John Ydstie.
And our last word in business this morning is: litigious days.
(SOUNDBITE OF "HAPPY DAYS" THEME SONG)
MONTAGNE: That, of course, is the theme from "Happy Days," the hit sitcom from the 1970s and '80s. These days, not everyone is so happy. Several cast members from the show are battling with CBS and Paramount, for unpaid royalties.
This is MORNING EDITION, from NPR News. Good morning. I'm David Greene.
RENEE MONTAGNE, HOST:
And I'm Renee Montagne.
Here a couple of the more alarming warnings coming out of the eurozone this week. Greece says it could go broke by July. Spain says it probably can't raise money from investors because they're demanding interest rates that are too high.
Despite all these troubles, one country is still eager to join the eurozone: Latvia. In fact, all three Baltic States remain supportive of the euro.
So far this year, 25 states have ended the Extended Benefits program. That program made sure people out of work for long periods of time continued receiving financial assistance. But there was a catch: if a state's unemployment rate improved, the money would stop flowing. The fact that some states are seeing lower unemployment may seem like a good sign for the economy. It's no comfort to the people who are still out of work.
To be perverse, I'd suggest that for the horse-racing industry, it'd be best that I'll Have Another does not — yes, does not — win the Triple Crown this Saturday.
Oh, certainly, absolutely every year you want a horse to win the first two races — the Kentucky Derby and the Preakness — so that suspense builds and a horse has a chance to win the Belmont and take the Triple Crown. But isn't it better to have the potential winner barely get beat so that the losing streak continues, building interest?