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STEVE INSKEEP, HOST:

And today's last word in business comes from China, and the word is: Wahaha. That's the name of China's third-largest beverage company. It sells soda, juice and other bottled drinks.

RENEE MONTAGNE, HOST:

The name means laughing children. It turned out the man who runs it is the one with the most to laugh about.

INSKEEP: Zong Qing Hou is now the richest man in China, according to Bloomberg billionaire's index, which calculated his net worth to be $21.6 billion.

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RENEE MONTAGNE, HOST:

It's MORNING EDITION from NPR News. I'm Renee Montagne.

STEVE INSKEEP. HOST: And I'm Steve Inskeep. Good morning. Let's take a close read now of some of the lines from President Obama's convention speech last night.

MONTAGNE: We're checking meanings behind some of those phrases, as we did with Mitt Romney's speech one week ago. Three NPR correspondents will help us out.

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RENEE MONTAGNE, HOST:

This year's Paralympics have been the best-attended games since the movement began back in 1960. Over 4,200 athletes from 164 countries are taking part in games that end this weekend. Disabled athletes began competing after World War II when a doctor in Britain organized the international wheelchair games to coincide with the 1948 London Olympics. Tanni Grey Thompson is one of Britain's most successful paralympians.

We heard from a lot of you — and we mean a lot of you — about our recent report on the Stanford School of Medicine analysis of several studies on the health effects of organic foods.

Peter Frew is one of a tiny number of people left in the United States who can — entirely on his own, using almost no machinery — make a classic bespoke suit. He can measure you, draw a pattern, cut the fabric and then hand-stitch a suit designed to fit your body perfectly.

Frew spent more than a decade as an apprentice for a remarkable tailor in his native Jamaica. He now sells his suits for about $4,000. Since New York is filled with very rich people who see their suits as an essential uniform, Frew has all the orders he can handle.

The concept of "pay what you want" for goods and services is a nostalgic throwback to the days when people trusted one another just a little bit more, and it's something you expect to see at the occasional farm stand or at a hip, independent coffee shop.

The Chicago Public Schools system is teetering on the edge of a strike, just a week into the school year. Teachers say they'll walk out Monday morning if tense weekend negotiations don't bring a contract. It would be the first Chicago teachers strike in 25 years.

At Parker Elementary School on Chicago's South Side, students are jumping double Dutch and hula-hooping. This is the first time many of the kids on this playground have ever had recess. The playtime is part of an extended school day pushed for by Mayor Rahm Emanuel.

Framing the coming election as a choice between fundamentally different visions, President Obama offered himself to the country Thursday as a fire-tested leader ready to finish the job he started.

"Our problems can be solved," Obama said. "Our challenges can be met."

It was an older, battle-scarred nominee who faced his party in Charlotte, N.C. This message of hope was tempered and longer-view — a good distance if not a full turn from the vision he offered four years ago when he accepted the nomination in a thundering Denver stadium.

If you missed the last night of the Democratic National Convention in Charlotte, N.C., we live blogged it here.

But if you want a quick review, we've compiled five things that struck us about the night:

In one of the most closely watched events at the London Paralympics, South African Oscar Pistorius failed in his attempt to win the 100-meter sprint and regain his title as the world's fastest amputee today.

Great Britain's Jonnie Peacock took the lead early and kept it, winning in 10.90 seconds, a Paralympic record. American Richard Browne, 21, of Jackson, Miss., won the silver medal.

Pistorius, the double amputee who ran in the Olympics this year, came in fourth. He finished in 11.17 seconds.