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NPR's Jack Speer reports President Bush is naming former Goldman Sachs investment banker Stephen Friedman as his top economics adviser. Friedman is being appointed to the White House job despite an aggressive campaign to torpedo his candidacy by some conservative Republicans.

In an effort to name the U.S. sports organization with the grandest tradition of losing, Commentator Frank Deford explains how the U.S. Olympic Committee continues to heap blunder on top of blunder, all the while hampering U.S. Olympic stature around the world.

There were toes tapping and heads nodding in Louisville, Kentucky, last night when the city played host to the Bluegrass music awards. The Del McCoury Band and Dolly Parton both took home top awards. The event isn't televised, but is broadcast live in more than 3,000 U.S. radio markets.

Throughout this campaign year, education has ranked among the top concerns of voters -- especially those suburban women who often cross party lines and decide electoral outcomes. NPR's David Welna went to the Chicago suburb of Arlington Heights to talk to moms with school-age children in a neighborhood George W. Bush visited this week.

Number 21 on the Billboard top 100 this week: India Arie, with her first CD, Acoustic Soul. She has drawn impressive comparisons to Roberta Flack, Tracy Chapman and Bill Withers. Reviewer Sarah Bardeen says that Arie deserves the success. India Arie's Acoustic Soul is on Motown Records.

Today President Bush conferred with China Vice Premier Qian Qichen -- the highest ranking official from Beijing since the administration took office. Qian's top priority is waylaying the proposed sale of advanced anti-missile technology to Taiwan. The Bush administration must decide next month whether to make the sale. Human rights was also a topic of discussion.

President Bush nominates Trade Representative Rob Portman as the White House budget director. Portman is a Washington insider and longtime friend of the president. Bush also selected Susan Schwab, the deputy trade representative, to move up to the top trade job, replacing Portman.

Mike Luckovich, the Pulitzer Prize-winning editorial cartoonist for the Atlanta Journal-Constitution, got a behind-the-scenes look at the Pentagon this week. He was allowed to sit in on briefings with the defense secretary and top generals and came away with some surprising insights. Read his War Diary and see a sketch from his visit.

How's this for a business model: the cereal of your choice served by someone in their pajamas. It's Cereality, a fast food service where you can order a variety of cereals topped with anything from candy to fruit.

Two top executives and the outside auditor exit the federally backed mortgage giant Fannie Mae after the Securities and Exchange Commission finds fault with the company's accounting. NPR's Robert Siegel talks with Mike McNamee of Business Week.