It was year ago Wednesday that Egyptians first rose against then President Hosni Mubarak in a tour de force that drove him from power. A lot has changed for Egyptians this past year. They elected their first free parliament in six decades. And Islamists, long banned by Mubarak, are now the country's main political force.
Originally published on Wed January 25, 2012 3:24 pm
As the president delivered the final State of the Union address of his term before a looming re-election battle, he looked out at a sea of angry and skeptical Republicans who had fought him on budgets, government shutdowns, and whether or not to raise the nation's debt ceiling.
And what did President Bill Clinton do in 1996?
He delivered his "the era of big government is over" speech, which The Washington Post summed up this way: "Clinton Embraced GOP Themes in Setting Agenda."
And today, the Federal Reserve is taking another step in its stated intention to become more transparent. The committee that sets interest rates ends a two-day meeting, and its usual post-meeting announcement will have some unusual information.
For a hint of what we're to learn, we called David Wessel; he's economics editor of the Wall Street Journal. Good morning.
DAVID WESSEL: Good morning.
MONTAGNE: So what is the Fed going to announce today that's so remarkable?
It's MORNING EDITION from NPR News. I'm Steve Inskeep.
RENEE MONTAGNE, HOST:
And I'm Renee Montagne.
President Obama wants to see more tax breaks for manufacturers and fewer tax breaks for millionaires. Those were among the ideas floated in the president's third State of the Union speech last night. Throughout the morning, we're getting reaction to that address.
Vancouver, Canada, is laying claim to the most expensive hot dog in the world. Chef Dougie Luv of DougieDog Hot Dogs starts serving his $100 Dragon Dog Wednesday. The hot dog features a foot-long bratwurst which is infused with 100-year-old Louis XIII cognac. That cognac costs more than $2,000 a bottle.
NPR's business news starts with a turning point for Japan.
(SOUNDBITE OF MUSIC)
MONTAGNE: Tokyo today reported Japan's first trade deficit since 1980. For the last three decades, Japan has exported so many goods to the world, it's run trade surpluses. But last year, Japan imported more than it exported - $32 billion more. The shift in fortunes comes after last year's earthquake and tsunami and nuclear power plant shutdowns.
Though millions of Americans watched the televised speech, the president's ostensible audience was right in front of him - Congress. His relations with many Republican lawmakers are icy at best. And even his alliances with Democrats had been put under stress at times in the past year.
The lawmakers' responses to the speech ranged from predictable to somewhat surprised. NPR's Andrea Seabrook listened to lawmakers after the speech.