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  • Throughout the Democratic race between Hillary Clinton and Barack Obama, issues of race and gender have arisen in controversial ways. The latest: Geraldine Ferraro's comment to a California newspaper that "(i)f Obama was a white man, he would not be in this position." She subsequently quit her position with the Clinton campaign.
  • The Dalai Lama on Tuesday said he would step down as the leader of a Tibetan government in exile if protesters in Tibet continued their violent protests. China's Premier Wen Jiabao blamed the Dalai Lama directly for the anti-Chinese riots in Tibet's capital.
  • Patients are traveling to China to receive experimental stem-cell treatments not offered in the United States. One company claims it has restored vision to blind children, raising controversy in both China and the U.S.
  • Sen. Barack Obama delivered what his campaign called a "major address on race, politics and unifying our country" in Philadelphia on Tuesday. NPR's Mara Liasson tells Renee Montagne that the speech is very powerful, very complex and "will likely be remembered as one of the most important speeches on race that a politician has ever given."
  • JP Morgan Chase will acquire the troubled investment bank Bear Stearns at the fire-sale price of $2 a share, a deal quickly approved over the weekend by the Federal Reserve, which also approved a cut in its emergency lending rate to financial institutions by a quarter-point to 3.25 percent. The moves stirred fear in foreign markets.
  • Bear Stearns traders and dealers have seen the value of their stock share plummet and their futures put in jeopardy. Marketplace's Janet Babin explains that Bear Stearns employees may try to find new jobs, but with a recession looming, it's not going to be easy to find work.
  • The Federal Reserve meets Tuesday to decide whether to lower a key interest rate. Over the weekend, the central bank approved a cut in its emergency lending rate to financial institutions and became a lender of last resort for investment houses to begin securing short-term emergency loans.
  • SAG-AFTRA, the union representing Hollywood actors and performers, is on strike against major studios after negotiations broke down with the Alliance of Motion Picture and Television Producers.
  • A day after New York Gov. Elliot Spitzer's resignation, the state's new governor takes the stage. David Paterson will have to pick up the pieces after the Spitzer scandal.
  • J.P. Morgan bought its collapsing rival Bear Stearns after the Federal Reserve intervened. The Fed took several unusual moves, including approving the purchase over the weekend instead of waiting until a March 18 scheduled meeting.
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