National News

Competition in streaming TV spikes as Aereo is halted

Marketplace - American Public Media - Tue, 2014-07-01 12:55

If you take a look at Aereo's website, there's a letter from the CEO that says the streaming TV company put its operation at a halt. The Supreme Court ruled last Wednesday that Aereo's service was deemed illegal. What it came down to is "where that TV content is fundamentally captured," says Mark Ely, the CEO of Simple.TV

Aereo captured broadcast TV content from a central facility and streamed it out to their subcribers. Ely says his company does things differently.

"We put the capture point in the user's home, and by doing so, kinda really sit it in the same place that your traditional DVRs and place shifting technologies sit, and it turns out that where you capture the content -- who's doing it -- really makes all the difference." 

According to The New York Times, the number of households who subscribe to paid television is down seven percent from last year while the number of households who use Internet or other streaming services is up 30 percent from 2013. Mark Ely is aware of this trend and sees the opportunity to increase business, especially since one of his main competitors is on pause.

"What we see is a whole generation of people growing up on Netflix and Hulu and over-the-top streaming services. And see those kinds of traditional networks -- ABC, FOX, NBC -- and others as having great content but they're not willing to necessarily buy those in a large bundle of other expensive channels that they don't care about. So we see ourselves as kind of a supplement to the whole generation that's growing up on internet video."

A Misspent Youth Doesn't Doom You To Heart Disease

NPR News - Tue, 2014-07-01 12:38

You don't necessarily have to waste your days regretting the mistakes of your youth. People who drop bad habits by their 40s can slow or even reverse damage done to their arteries, a study finds.

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While Militants Gain Ground, Iraqis Search Out Hope In Future

NPR News - Tue, 2014-07-01 12:30

Iraqi human rights advocate Hanaa Edwar joins Melissa Block to offer her perspective on the country's security crisis, its effects on daily life and the hopes Iraqis have for the future.

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Yahoo gives 'Community' an online home

Marketplace - American Public Media - Tue, 2014-07-01 12:15

NBC’s TV show 'Community' was a cult favorite, but largely a ratings loser for the network, meaning it often seemed to be on the brink of being canceled.

That struggle was mirrored in its final episode, as the show's namesake community college faced an uncertain future.

Its main characters are told: “Your school is still bankrupt, it is still unmarketable and it is still on the permanent chopping block of anyone who has any say in its future.”
  Now, despite being canceled by NBC in May, "Community" is getting a second shot at life.   Its sixth season will air – or rather stream – on Yahoo, which will use the show to beef up its original video content.  

“Literally, last year we produced 86 series, none of whom you’ve ever heard about because it was sort of a failed branding exercise,” Yahoo CEO Marissa Mayer admitted at TechCrunch’s Disrupt New York event in May.

Mayer hopes that original content, along with the company’s more established search and email services, will help make the site part of consumers’ daily online routines, which would then boost advertising.

In order to draw people to the site, Yahoo needs strong, unique content – different from what Netflix or Hulu is offering, says Sam Craig, a professor at NYU’s Stern School of Business.

“It’s a crowded marketplace out there and unless you have something with an identity, people aren’t going to come to it,” he explains.

"Community" offers a dedicated audience, which – while small by broadcast standards – is passionate about the show and loyal to it, says Max Dawson with the media consulting firm Frank N. Magid Associates.

Another plus – the wealth of the show's existing viewers. 'Community' has very strong support among households making over $150,000.

“It beats out things like The Voice. It beats out mega-ratings success stories, [like] Big Bang Theory, in attracting those rich viewers,” says Dawson. “Thpse are viewers who are the most difficult to attract and the most appealing for sponsors.”

One network’s trash could be a tech company’s treasure.

Would you eat computer food? Because Watson's cooking

Marketplace - American Public Media - Tue, 2014-07-01 12:12

We put a lot of trust in computers. We use them to find dates online, to give us music recommendations, and, of course, the list goes on. But would you trust a computer to make you food? 

Well, not literally. The people at IBM have programmed Watson, the supercomputer that made its debut on Jeopardy, to come up with the most unique and creative food recipes using trillions of ingredients. From Indonesian Rice Chili Con Carne to Austrian Chocolate Burritos, the computer takes a base ingredient, a style of food and some additional suggested flavors and complements to come up with recipes. This process is named "cognitive cooking". 

Florian Pinel is the head engineer at the Cognitive Cooking project. He says most people cook in their comfort zone:

"They always cook the same things... and the computer doesn't have that bias. So it comes up with combinations that do work, because we use a number of theories that tell us that they are likely to work together. But that you wouldn't think of." 

One of those recipes Watson came up with? Bengali Butternut Barbecue Sauce. Yeah...

The team debuted this recipe for SXSW on the IBM Food Truck. While it may not have gone over well at the Marketplace offices, Pinel says the system is there to help people be more creative when it comes to cooking. 

As Recess Settles In, A Reflection On Supreme Court's Big Rulings

NPR News - Tue, 2014-07-01 12:10

Melissa Block talks to NPR's Nina Totenberg and Tom Goldstein of SCOTUSblog about the state of the Supreme Court under Chief Justice John Roberts.

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Iraqi Parliament, And Maliki's Fate, Float In Limbo

NPR News - Tue, 2014-07-01 12:10

Iraq's new parliament met for the first time Tuesday to start the process of forming a new government, which might no longer include Prime Minister Nouri al-Maliki as its leader.

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Marchers Take To Streets Of Hong Kong To Protest Eroding Autonomy

NPR News - Tue, 2014-07-01 12:10

Over 100,000 residents of Hong Kong marched to demand greater freedom in choosing their leaders. The protest comes on the 17th anniversary of the return of Hong Kong to Chinese rule.

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Lawmakers Pitch A Gas Tax Hike To Replenish Dwindling Highway Funds

NPR News - Tue, 2014-07-01 12:10

Sens. Chris Murphy and Bob Corker have drawn up a bipartisan proposal to help resolve the Highway Trust Fund's impending financial problems. Their plan would pay for most federal transportation programs with a gasoline tax.

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Addressing Killed Teens, Israeli Ambassador Decries 'Culture Of Terrorism'

NPR News - Tue, 2014-07-01 12:10

Israel's ambassador to the United States, Ron Dermer, speaks to Robert Siegel about the Israeli government's response to the killing of three Israeli teens in the West Bank.

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In Long-Roiled Ukraine, War Mentality Turns Outward

NPR News - Tue, 2014-07-01 12:10

The crisis in Ukraine is starting to take a psychological toll on citizens, including those who aren't near the fighting in the country's eastern provinces. Many Ukrainians say they now feel their country is at war with Russia and that they're prepared to make sacrifices for Ukraine's independence. Recent polling data shows that even in the east of the country, most people support keeping the country unified.

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On The Waterfront, Obama Contends Bridge Repair Coffers Beg Refilling

NPR News - Tue, 2014-07-01 12:10

Speaking on the Potomac River waterfront, President Obama advocated for renovating aging American infrastructure with the historic Francis Scott Key Bridge poised behind him. NPR's Mara Liasson reports.

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As Teens Are Buried In Ceremony, Israelis React To Unearthed Recordings

NPR News - Tue, 2014-07-01 12:10

After finding three Israeli teens dead in the West Bank, the Israeli government has released a recording of an emergency phone call placed during their kidnapping. It has also begun a campaign of air strikes aimed at Hamas.

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U.S. Bounced Out Of World Cup By Belgium, Ending Team's Run

NPR News - Tue, 2014-07-01 11:15

Belgium beat the United States by scoring two goals in extra time. The U.S. made a late run, but the clock ran out and the U.S. is coming home.

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As banks prepare for end of draw, consumers should too

Marketplace - American Public Media - Tue, 2014-07-01 11:09

It’s not every day that five government agencies, including the Federal Reserve and the FDIC, all come out with the same warning on the same day. That’s what happened this morning, and it amounted to a collective "watch out" to banks over homeowners ability to pay back lines of credit in the next few years. 

Back in the early 2000s, right up to 2008, a lot of people took out lines of credit on their homes – this is where you can borrow money and use your house as collateral. They’re known as HELOCs (Home Equity Lines of Credit).

“Anybody who had a breath, any house still standing, seemed to be eligible for these kinds of loans,” recalls Nicolas Retsinas, senior lecturer in real estate at Harvard Business School.

HELOCs can typically last 10 years in what’s called a “draw period,” where people can continue to draw on the line of credit. After 10 years, they can’t draw any longer and they have to start paying back the principal. Starting about now, 10 years have gone by. Now it’s time to pay up.

“This is another bill coming due from the lending binge of the early 21st century,” says Retsinas. A bill that, according to the Office of the Comptroller of the Currency, now totals around $218 billion, of which $199 billion will be due by 2018.

If homeowners haven’t been paying down the principal, the change in bills may be substantial when they have to start doing so.

“We’re seeing that payments can go up 100 percent or even 200 percent or higher,” says Bob Piepergerdes, director of retail credit risk at the Office of the Comptroller of the Currency.

Given median incomes are lower than they were in 2007 and unemployment is higher, some borrowers may experience problems paying up. 

“There is some risk of repayment so we’re asking institutions to evaluate where their borrowers are,” says Piepergerdes. And then he needs them to prepare accordingly

“The good news,” he says, “is that institutions have taken action.” The guidance put out by different agencies “is really to set forth the expectations of what we would like to see institutions do from a risk management stand point, but the institutions have been preparing for this for as long as we’ve been talking about it.”

JPMorgan Chase, for example, says it’s stocked up on reserves and is reaching out to customers. 

“We are looking for ways to limit payment shock for our customers by being hyper-focused on communicating options to them,” the bank, which holds $49 billion in HELOCs, of which $29 billion will require higher payments through 2017, said in a statement. “We want to make sure customers are making enough of a payment so when they go into the repayment period of the principal it’s a step up not a leap up.” The bank estimates that more than half of the $29 billion will refinance or pay off before payments jump higher.

Overall, the largest lenders have reduced exposure by 20 percent through refinancing. 

Homeowners would be advised to dig out their old loan agreements and look at the fine print, says Bob Davis, Executive Vice President at the American Bankers Association. “That’s one thing consumers ought to do right now, they ought to look at the payments they may have to make,” Davis says, “and if they want to change the loan arrangement and pay off their home equity line of credit by refinancing, they ought to be aware of their access to credit and whether their credit rating will allow them to.”

FTC Alleges T-Mobile Charged Customers Millions In Bogus Charges

NPR News - Tue, 2014-07-01 10:57

The Federal Trade Commission alleges the company profited from scams against its customers. Its long phone bills, the FTC says, made it nearly impossible for customers to understand the charge.

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State Of The Painkiller Nation: Wide Variation In Prescription Rates

NPR News - Tue, 2014-07-01 10:53

Abuse of narcotic painkillers is a national problem. But it turns out that where you live can make a big difference in how likely you are to get a prescription for the medicines.

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What you need to know about charter schools

Marketplace - American Public Media - Tue, 2014-07-01 10:36

Every year, hundreds of new charter schools open in the U.S. – largely in low-income, urban neighborhoods. This fall, Sejong Academy in St. Paul, Minnesota, will be one of them. The Korean-immersion school for kids in kindergarten through sixth grade will be located just a few miles from the nation's very first charter school, which opened in St. Paul in 1992.

A big idea behind charters, which now educate roughly 2.5 million kids in the U.S., is to try out concepts that traditional public schools typically wouldn't, like focusing on the outdoors, Korean language immersion – or even yoga.

Sejong Academy's founders hope their curriculum will appeal to a big population of Korean adoptees in the Twin Cities. Plus, they think non-Koreans might like learning another language. Board chair Grace Lee, herself Korean-American, thinks Sejong will offer richer cultural lessons than your typical public school might.

"I think of course a lot of schools will say, 'Oh, we promote global diversity.' But how are they demonstrating that? Are they just having some ethnic food at an open house, or something like that?" she says.

The real battle between charter schools and their traditional counterparts is far more pitched. One of the contentious aspects is that the roughly 6,500 charter schools in the country are public schools, and they get taxpayer dollars. But they're run independently, meaning that in many states they are not subject to the same rules and regulations as are traditional public schools.  Each school is overseen by a so-called "authorizer," which approves the school's charter and makes sure the school meets its performance goals.

Charter advocates  include  lots of average parents as well as some very big guns like the Gates and Walton Foundations, which funnel millions of dollars to organizations that support charter schools.  They believe there's greater flexibility in charters than in the traditional system. It's easier to hire and fire teachers – and open and close schools.

"That is the secret ingredient to chartering, the fact that if the school isn't performing well, it can be closed," says Nina Rees, president of the National Alliance for Public Charter Schools. She says each year, about 500 charters open and 150 or so close. The authorities who oversee them, called authorizers, might pull the plug due to low enrollment, poor performance or mismanagement.

Opponents, often local school boards and powerful teachers unions, say charters leech money from the traditional school system. They also complain that  charter school teachers, who tend to work in poor districts, aren't in it for the long haul. 

"I think schools that serve in high poverty areas, the revolving door of principals and teachers is really a disservice to students," says Dennis Van Roekel, president of the nation's largest union, the National Education Association.

Lots of charter schools are operating with mixed results. A recent study by researchers at Stanford University found that about a quarter of charter schools studied achieved better outcomes on reading measures than traditional schools. But nearly a fifth of the charter schools did much worse.  For math, an even greater share of charter schools were underperformers.  

"I think the evidence tells us that the best charter schools are exceptional schools, and that the worst charter schools are extraordinarily bad," says Jack Schneider, an education expert at the College of the Holy Cross. "And the vast majority of charter schools are more or less equivalent to traditional public schools."

Andrea Springer is about to test her luck. She's Korean-American and is considering sending her kids to the Korean immersion charter school in St. Paul that opens this fall.

"We've stayed away from what I view as traditional public education because I think as a child I was pretty bored or the teacher was dealing with behavior problems versus teaching us," Springer says.

Springer also likes that her kids could learn Korean at the charter school without her having to nag them with workbooks.

But Springer does have some reservations about sending her kids to a start-up charter.

"It's the first year, so you get nervous, 'Do I want to be the test batch parent?'" she asks.

Even as charter schools remain controversial, demand for them appears to be strong. The National Alliance for Public Charter Schools says hundreds of thousands of kids are on charter school wait lists.

For Sale: South Dakota Town With Bar, $399,000

NPR News - Tue, 2014-07-01 10:12

The prairie hamlet of Swett — population 2 plus a dog — comes with 6 acres, a house, three trailers, an old tire shop and a Volvo semi. If you don't have the money, no Swett.

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5 Things To Know For The U.S. Vs. Belgium Game

NPR News - Tue, 2014-07-01 09:48

Two key questions are whether the U.S. can strike early, as it did against Ghana, and whether Belgium can pull away late, as it has in all its games so far in Brazil.

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