"O Canada," the national anthem of our neighbors up north, comes in two official versions — English and French. They share a melody, but differ in meaning.

Let the record show: neither version of those lyrics contains the phrase "all lives matter."

But at the 2016 All-Star Game, the song got an unexpected edit.

At Petco Park in San Diego, one member of the Canadian singing group The Tenors — by himself, according to the other members of the group — revised the anthem.

School's out, and a lot of parents are getting through the long summer days with extra helpings of digital devices.

How should we feel about that?

Police in Baton Rouge say they have arrested three people who stole guns with the goal of killing police officers. They are still looking for a fourth suspect in the alleged plot, NPR's Greg Allen reports.

"Police say the thefts were at a Baton Rouge pawn shop early Saturday morning," Greg says. "One person was arrested at the scene. Since then, two others have been arrested and six of the eight stolen handguns have been recovered. Police are still looking for one other man."

A 13-year-old boy is among those arrested, Greg says.

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After an international tribunal invalidated Beijing's claims to the South China Sea, Chinese authorities have declared in no uncertain terms that they will be ignoring the ruling.

The Philippines brought the case to the Permanent Court of Arbitration in The Hague, objecting to China's claims to maritime rights in the disputed waters. The tribunal agreed that China had no legal authority to claim the waters and was infringing on the sovereign rights of the Philippines.

Donald Trump is firing back at Supreme Court Justice Ruth Bader Ginsburg after she disparaged him in several media interviews. He tweeted late Tuesday that she "has embarrassed all" with her "very dumb political statements" about the candidate. Trump ended his tweet with "Her mind is shot - resign!":

Donald Trump wrapped up his public tryout of potential vice presidential candidates in Indiana Tuesday night with Gov. Mike Pence giving the final audition.

The Indiana governor's stock as Trump's possible running mate is believed to be on the rise, with New Jersey Gov. Chris Christie and former House Speaker Newt Gingrich also atop the list. Sources tell NPR the presumptive GOP presidential nominee is close to making a decision, which he's widely expected to announce by Friday.

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The unassuming hero of Jonas Karlsson's clever, Kafkaesque parable is the opposite of a malcontent. Despite scant education, a limited social life, and no prospects for success as it is usually defined, he's that rarity, a most happy fella with an amazing ability to content himself with very little. But one day, returning to his barebones flat from his dead-end, part-time job at a video store, he finds an astronomical bill from an entity called W.R.D. He assumes it's a scam. Actually, it is more sinister-- and it forces him to take a good hard look at his life and values.

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Will Credit Be The Spoiler In Housing Recovery?

Jun 14, 2012
Originally published on June 14, 2012 11:04 am

Amid all the economic uncertainty over the credit crisis in Europe and slow job growth in the U.S., one sector may be looking up. The U.S. housing market is finally showing more signs of recovery, according to a report being released Thursday by Harvard University.

Harvard comes out with this study once a year, and this time around, it's painting a much brighter picture.

Eric Belsky, the managing director of the Harvard Joint Center for Housing Studies, says a few years ago, in order to get people to buy houses, the government had to entice them with a big homebuyer tax credit.

"When you think about what life was like, jobs were being lost to the rate of 700,000 per month, the stock market was still falling, and yet people came out of their bunkers to buy homes because they thought it was a good deal to be able to get cash from the federal government," he says.

Now, the economy is gaining at least some jobs every month. Home prices in many areas have stopped falling. In some places, they've started to rise. So more Americans are deciding — all on their own — that it's a good time to buy.

'Beginning To Turn A Page'

"We're seeing existing home sales have been up for 10 months in a row," Belsky says. "We've seen prices bottom out. All of this suggests that housing is beginning to turn a page, and the only thing that would make the page turn back again is if the broader economy goes off the rails."

But so far, Belsky says, people are slowly getting more confident.

"Think about how careful people are moving back into the market when prices have fallen this much," he says. "You know, the opportunity to potentially buy at or near the bottom of a cycle is great. And I think people are beginning to appreciate that."

Prices by one measure are down 35 percent nationally. Interest rates are at record lows. Meanwhile, the cost of renting a house or apartment has been rising. When you compare the cost of owning versus the cost of renting, "it hasn't looked this good in 40 to 50 years," Belsky says.

Recent surveys show that despite the housing crash, the vast majority of Americans still aspire to own a home if they don't own one already.

But many people don't have the resources to buy a home. Unemployment is still above 8 percent. Millions more Americans are underemployed.

Are Lenders Too Cautious?

"We have this tantalizing statistic out there about how affordable homeownership is," says Chris Herbert, a Harvard research director who worked on the housing report. "But you still have to have sufficient income, sufficient credit, sufficient savings."

And many in the industry feel that after all the crazy lending during the housing bubble, credit now has gotten too tight.

"I am extremely concerned today about an overcorrection in the credit markets — the avoidance of risk by the lenders across the country that we depend on to extend credit to American families," says David Stevens, president of the Mortgage Bankers Association. He'll be speaking Thursday at a news conference when the Harvard study is officially released.

Stevens represents those lenders, but he's still concerned that they're being too cautious. And that could mean that this slow and painful trudge out of recession will be longer and more painful than it needs to be.

"We shouldn't create a blockade that eliminates well-qualified families who want to own a home to raise their family from gaining access to homeownership, and I think that's the tipping point that we're facing right now," Stevens says.

He says that with new regulations still taking shape in Washington, banks face a lot of uncertainty about what will happen if a loan they make today goes bad five years down the road. So he's hoping regulators come up with smart and clear rules that will encourage lending.

Copyright 2013 NPR. To see more, visit http://www.npr.org/.

Transcript

DAVID GREENE, HOST:

We've been hearing so much about economic uncertainty - the European financial crisis, slow job growth. But here is some better news. The U.S. housing market is finally showing more signs of recovery. That's the word from a report on the state of the nation's housing market, that will be released later this morning by Harvard University.

NPR's Chris Arnold reports from Boston.

CHRIS ARNOLD, BYLINE: Harvard comes out with this study once a year and this time around, it's painting a much brighter picture. Eric Belsky is the managing director of the Harvard Joint Center for Housing Studies. He says a few years ago, in order to get people to buy houses, the government had to entice them with that big, home-buyer tax credit.

ERIC BELSKY: When you think about what life was like, jobs were being lost at the rate of 700,000 per month;, the stock market was still falling; and yet people came out of their bunkers to buy homes because they thought it was a good deal, to be able to get cash from the federal government.

ARNOLD: These days, the economy is gaining at least some jobs every month. Home prices in many areas have stopped falling. In some places, they've started to rise. And so more Americans are deciding - all on their own - that it's actually a good time to buy.

BELSKY: We're seeing existing home sales have been up for 10 months in a row. We've seen prices bottom out. All of this suggests that housing is beginning to turn a page. And the only thing that would make the page turn back again is if the broader economy goes off the rails.

ARNOLD: But so far, Belsky says that people are slowly getting more confident.

BELSKY: Think about how careful people are moving back into the market, when prices have fallen this much. You know, the opportunity to - potentially buying at or near a bottom of a cycle, is great. And I think people are beginning to appreciate that.

ARNOLD: Prices, by one measure, are down 35 percent nationally. Interest rates are at record lows. Meanwhile, the cost of renting a house or apartment has been rising. So when you put all that together, and you compare the cost of owning versus the cost of renting...

BELSKY: It hasn't looked this good in - you know, 40, 50 years.

ARNOLD: Recent surveys show that despite the housing crash, the vast majority of Americans still aspire to own a home - if they don't own one already. But of course, many people right now don't have the resources. Unemployment is still up above 8 percent. Millions more Americans are underemployed. Chris Herbert is a Harvard research director who worked on the housing report.

CHRIS HERBERT: We have this tantalizing statistic out there, about how affordable homeownership is. But you still have to have, you know, sufficient income, sufficient credit, sufficient savings.

ARNOLD: And many in the industry feel that after all the crazy lending during the housing bubble, access to credit now has gotten too tight. David Stevens is the president of the Mortgage Bankers Association. He'll be speaking later today at a press conference, when the Harvard study is officially released.

DAVID STEVENS: I am extremely concerned today about an overcorrection in the credit markets - the avoidance of risk by the lenders across the country that we depend on, to extend credit to American families.

ARNOLD: Stevens represents those lenders, but he's still concerned that they're being too cautious. And that that could mean that this slow and painful trudge out of recession will be longer and more painful than it needs to be.

STEVENS: We shouldn't create a blockade that eliminates well-qualified families who want to own a home to raise their family, from gaining access to homeownership. And I think that's the tipping point that we're facing right now.

ARNOLD: Stevens says with new regulations still taking shape in Washington, banks face a lot of uncertainty about what will happen if a loan they make today goes bad, say, five years down the road. That's what's making them so cautious. So he's hoping regulators come up with smart and clear rules that will encourage lending.

Chris Arnold, NPR News, Boston. Transcript provided by NPR, Copyright NPR.