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RENEE MONTAGNE, HOST:

This is MORNING EDITION from NPR News. I'm Renee Montagne.

LINDA WERTHEIMER, HOST:

And I'm Linda Wertheimer.

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President Obama paid a historic visit to Myanmar today. The southeast Asian country, also known as Burma, is tiptoeing towards democracy after almost 50 years in military rule. Mr. Obama met with the former leader who is now the president of Burma and with opposition leader Aung San Suu Kyi, who is not a member of parliament after years of house arrest. The visit is the centerpiece of the president's three-day Asian tour, which is meant to underscore the United States' growing involvement in the region.

As we've reported, there's a backlash brewing to sedentary office life as more people realize how sitting all day can do a body wrong.

I work at home and often sit in front of my computer doing research and writing. So I thought I'd give a treadmill desk a try.

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Good morning. I'm Linda Wertheimer. A Japanese spa resort made quite a splash yesterday in a pool spiked with Beaujolais Nouveau, the first vintage of the season from the famous French wine region. The fresh and fruity drink was released yesterday. The spa near Mt. Fuji celebrated with wine in glasses, as well: sips and dips for spa customers. The spa also promised beautiful, smooth skin. It's MORNING EDITION. Transcript provided by NPR, Copyright National Public Radio.

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STEVE INSKEEP, HOST:

It's MORNING EDITION, from NPR News. I'm Steve Inskeep.

LINDA WERTHEIMER, HOST:

And I'm Linda Wertheimer.

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NPR's business news starts with more mortgage problems.

(SOUNDBITE OF MUSIC)

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.

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.

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Listen carefully to both President Obama and Republican leaders, and you hear hints of room for compromise. They're talking of taxes and spending as a deadline approaches, December 31st, when higher taxes and spending cuts would take effect. That would reduce the federal deficit, but also damage the economy, according to forecasters.

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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.

Good Morning, Dai.

DAISUKE WAKABAYASHI: Good morning.

Honda, which has long aspired to launch off the road and into the skies, is one step closer to that goal. It has started production on its HondaJet. It's a twin jet engine aircraft, being assembled in North Carolina, aimed at the business market. Industry insiders call it the "Honda Civic of the skies."

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LINDA WERTHEIMER, HOST:

This is MORNING EDITION, from NPR News. I'm Linda Wertheimer.

STEVE INSKEEP, HOST:

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As Israel and Hamas continue launching attacks, residents of the Israeli city of Tel Aviv and communities to its south remain on alert for missile strikes. Sheera Frenkel reports that many fear the current round of violence is nowhere close to being over.

Jordan's monarchy has largely dodged the waves of unrest that began with the Arab Spring. But this week, angry protestors flooded the streets after the king announced gas hikes to cover deficits caused by declining aid from Persian Gulf states. For the first time, there are cries to oust the king.

Voters in Washington and Colorado just approved measures legalizing marijuana for recreational use. But businesses that want to sell marijuana in those states will face a problem: No bank wants to do business with them.

I called several banks in Washington. I called a local credit union, a tiny bank in the San Juan islands. Everybody said basically the same thing. Even if selling marijuana is legal under state law, it's still illegal under federal law. And banks and credit unions worry that this could get them in trouble.

Whenever there's a disaster, people want to give, and Hurricane Sandy is no exception. According to The Chronicle of Philanthropy, U.S. charities collected more than $174 million in donations as of Nov. 9 to help respond to the storm.

But it's not only money that has been pouring in. Relief programs have also received mountains of clothes, food and other supplies, not all of which are needed.

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Good morning. I'm Steve Inskeep. First, they taxed the rich, and the people said nothing. Then they went after the Nutella. The French Senate approved a measure tripling the tax on palm oil and other vegetable oils. It would sharply raise the cost of making Nutella, a popular chocolate and hazelnut spread. The tax is meant to cut down on obesity, but has prompted an outcry from Nutella lovers. And the maker of the spread promises the recipe will not change. It's MORNING EDITION. Transcript provided by NPR, Copyright NPR.

In Utah, a bully goat named Voldemort butted a paper boy off his bike, and the 14 year old climbed up a tree to hide out for a little while. During that time his parents reported him missing.

Along with the news about the Gen. David Petreus scandal, we've been hearing about lavish social events given in the Tampa, Fla., area. A lot of military brass from MacDill Air Force Base, where U.S. Central Command is headquartered, go to these events. Linda Wertheimer talks to Ben Montgomery, a reporter with the Tampa Bay Times, about how the scandal is playing out around Tampa.

Famous for processed treats like Twinkies, Hostess Brands says it will go into liquidation if striking bakers don't return to work Thursday. Analysts say the company's most iconic brands would likely be bought by other companies.

When President Obama sets off to Asia this weekend to highlight his so-called pivot to the region, he will make a bit of history: Obama will become the first sitting U.S. president to visit Myanmar.

The country, also known as Burma, was a pariah state for decades, ruled by a ruthless military dictatorship. That is changing, and the Obama administration has encouraged a dramatic reform process in the country. But it may be too early for a victory lap.

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A driver delivering for a Chinese restaurant left his car running while he ran in an order. He comes back and his car is gone. He called his boss who called the next customer on the route to apologize --- but they had their take out. The car thief made a few extra bucks. But at the next house, the cops were waiting.

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STEVE INSKEEP, HOST:

It's MORNING EDITION, from NPR News. I'm Steve Inskeep.

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And I'm Linda Wertheimer. We've steadily been learning more about the people at the center of a military scandal. Retired general - and CIA director - David Petraeus resigned because of an affair.

INSKEEP: The affair was discovered when his mistress confronted another woman.