The office of the interim Egyptian president is now backtracking on reports of the appointment of Mohamed ElBaradei as prime minister. NPR's Leila Fadel reports this comes "after the second-largest Islamist party in Egypt [Salfi el-Nour], which has so far been on board with the military coup, reportedly rejected the appointment."
Defense manufacturers worldwide are facing tough times ahead, as tight budgets force Western governments to cut spending. But while the West is cutting back, developing countries around the world are spending more on defense — a lot more.
Last fall, defense contractors warned of massive layoffs if the U.S. government enacted the automatic budget cuts known as sequestration. Now, sequestration is in effect, but job losses are limited, in part because many Pentagon contracts were already in place and will keep assembly lines rolling for much of this year.