National / International News

Murder arrests over 1988 missing boy

BBC - Tue, 2014-04-08 03:29
Four arrests are made over the disappearance of 15-year-old boy in south-west London 26 years ago.

Philippine court backs birth control

BBC - Tue, 2014-04-08 03:12
The Supreme Court in the Philippines approves a birth control law, despite a fierce fight by the influential Catholic Church.

Ukraine in bid to retake buildings

BBC - Tue, 2014-04-08 03:07
Ukrainian authorities say they have seized back control of one government building from pro-Russia separatists in the east, and hope to retake two others.

Scramble to fix huge security bug

BBC - Tue, 2014-04-08 03:05
A serious bug in software used by millions of web servers could have exposed anyone visiting sites they hosted to spying and eavesdropping.

Canoe death conman 'has repaid £121'

BBC - Tue, 2014-04-08 03:02
Convicted conman John Darwin who faked his own death in a canoe, has paid back just £121 out of £679,000 a court ordered him to repay.

70 contenders - McIlroy's tough Masters task

BBC - Tue, 2014-04-08 02:57
Rory McIlroy is one of more than 70 potential winners in the most open Masters ever, says BBC Sport's Iain Carter

Fresh talks on Iran nuclear deal

BBC - Tue, 2014-04-08 02:57
Iran's foreign minister meets with world powers in Vienna to discuss a comprehensive deal over Tehran's nuclear programme.

Pistorius 'besotted' with girlfriend

BBC - Tue, 2014-04-08 02:50
South African athlete Oscar Pistorius tells his murder trial he was besotted with his girlfriend Reeva Steenkamp and they were planning a future together.

Government 'failing' food industry

BBC - Tue, 2014-04-08 02:44
A trade group accuses the Welsh government of failing to to do enough to support the food industry in Wales.

Why don't we like to talk about our pay?

Marketplace - American Public Media - Tue, 2014-04-08 02:41

President Obama is set to sign an executive order Tuesday prohibiting federal contractors from retaliating against workers who discuss their salaries.

This effort to increase wage transparency has another obstacle: our workplace culture, in which asking your cube-mate what he or she makes is virtually taboo.

"Well, it's said that Americans love to talk about sex, but don't like to talk about their salaries," says Gary Burtless, a labor economist at the Brookings Institution. 

However, many employers also have policies discouraging or prohibiting workers from sharing compensation information. That’s despite the fact that the National Labor Relations Board considers wage discussions a ‘protected’ activity.

AUDIO: Samsung forecasts drop in profits

BBC - Tue, 2014-04-08 02:36
Kantar WorldPanel ComTech's strategic director Dominic Sunnebo discusses Samsung's forecasted drop in profits.

Most scarlet fever cases in 20 years

BBC - Tue, 2014-04-08 02:28
More cases of scarlet fever are reported since the start of the year than occurred during the whole of 2013, and already the most since 1994.

Banco Popular retreats toward its home base

Marketplace - American Public Media - Tue, 2014-04-08 02:16

Banco Popular is based in Puerto Rico, but it has operations in mainland U.S. cities like New York and Miami. A recent news report says the bank is looking to sell its branches in Chicago and Los Angeles.

Just four years ago, Banco Popular rebranded itself in those cities as Popular Community Bank, hoping to broaden its customer base. Now it's moving in the opposite direction.

"At some point it makes sense for the company to exit the market," says Mark Palmer, managing director of BTIG, "and focus on its operations in Puerto Rico, where it's gaining market share, gaining deposits." And, making better profits.

At home in Puerto Rico, Banco Popular gets a better spread between the interest it pays depositors and the interest it gets paid on loans. Banco Popular is the island's biggest bank, and even in a weak economy, it's been growing.

Analyst Brian Klock watches Popular for the investment bank Keefe, Bruyette and Woods. He thinks that this move to streamline could be partly intended to please bank regulators.

Popular wants to pay back TARP bailout funds, so it can start paying dividends to shareholders again. Before regulators accept that payment, they require proof that the bank is in good shape, and well-run.

"That's because the regulators are focused on making sure we don't go through this again," he says, referring to the 2008 financial crisis.

Klock thinks that's good news for the rest of us. "The regulator is doing his job," he says, "to try to make sure this is a safe and sound banking system."

*CORRECTION: An earlier version of this story included a photograph of the incorrect bank. The photo has been corrected.

Venezuela opposition set talks terms

BBC - Tue, 2014-04-08 02:04
The opposition in Venezuela says it will enter into talks with the government under certain conditions - which would include a live TV broadcast.

World 'needs Plan B' on climate - UN

BBC - Tue, 2014-04-08 01:51
The world needs a Plan B on climate change because politicians are failing to reduce carbon emissions, according to a UN report.

£25m upgrade for Alloa bottling site

BBC - Tue, 2014-04-08 01:37
Major glass manufacturing firm Owens-Illinois is investing £25m in a Clackmannanshire whisky bottling plant.

Take our quiz: are you a giver or a taker?

Marketplace - American Public Media - Tue, 2014-04-08 01:00


Are you the type of person that is more likely to give help to a colleague in need? Or are you more likely to take all you can get from everyone you work with?

Wharton professor Adam Grant explores in his book “Give and Take” whether being a giver or a taker makes you more successful in the business world.

Grant found that selfless givers may earn about 14% less than takers, but that ultimately they are in a better position to go farther in their careers and they last longer when they make it to the top.

Take the quiz below to find out whether you are a giver or a taker.
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Check out this quiz key below to find out more about your tendencies:
Productively helpful—generous and smart about it (1c/d, 2d, 3c/d, 4b/d, 5b, 6b/d)
Selfless—at risk for burning out or letting others take advantage of you (1a, 2a, 3c, 4a, 5c, 6c)
Transactional—at risk for being seen as selfish (1b, 2b/c, 3a/b, 4c, 5a/d, 6a)

To learn more, see "Give and Take," the New York Times bestselling book by Wharton professor Adam Grant. Get the first chapter for free here.

HBO heads to Silicon Valley

Marketplace - American Public Media - Tue, 2014-04-08 01:00

HBO premiered "Silicon Valley" this week. The show finds the funny side of what it means to struggle to be the next WhatsApp or Instagram. Critics are pointing out that there are few female characters in the show, thus far. Executive producer and writer Alec Berg says some of that is about getting the details of the tech industry right.

"People keep saying, 'There are a lot of women in tech. What about Marissa Mayer? What about Sheryl Sandberg?' Yeah, there are women in tech. We aren't saying there aren't," says Berg. "Do we want to do the perfect satirical riff on women in tech? Of course we do, and that's our intention. If we haven't gotten to it yet, just the fact that that is one of the hot-button issues that everybody brings up, that to me means we owe it to the show, to 'lean in' to that."

And how does Berg measure success of the show?

"The big thing for us was: Does it play for everybody?," he asks. "The realer we make it, the more the enjoyment factor goes up for people who don't know anything about it. You know, it just feels like a real world because ideally it's very true to that world."

Recapping the pilot of HBO's "Silicon Valley"

by Tobin Low

HBO's inaugural venture into Silicon Valley opens with a shot of Kid Rock performing, which is immediately surprising because ... who even knew Kid Rock still makes music? I'd sooner expect to see him on Dancing with the Stars, but I digress. The point is, he's performing for a minimal audience of not-so-excited Silicon Valley techies at a party celebrating the latest startup to be bought for millions of dollars ($200 million, to be exact -- which, in light of recent purchases made in the tech industry, doesn’t seem like that much money). Kudos to Kid for poking fun at his own lack of cache.

The opening sequence is getting at the larger setup for the show: the race to be the next it thing in Silicon Valley. It’s a topic we’ve explored before, and seems increasingly relevant as startups get snatched up for more and more money. The dream of receiving a fate-changing phone call from a Google or a Facebook is what drives Erlich, the founder of the Hacker Hostel, and his startup tenants, Richard, Big Head, Dinesh, and Gilfoyle. They're all at said party, and they're all unhappy to be there witnessing someone else's success.

Take Richard, for example. He and Big Head work for a Google-esque tech conglomerate named Hooli, whose offices look like a mix between UCLA's cafeteria and an REI showroom (i.e. an adult Gymboree with a sushi bar). We see Richard get bullied by two other employees -- apparently the Silicon Valley equivalent of jocks -- as he tries to defend the concept of his music-matching app, Pied Piper. What he wants more than anything is respect, but he doesn’t seem to be getting much from his coworkers or Erlich.

But Richard's luck is about to take a turn. After mumbling his way through an elevator speech to high-powered investor Peter Gregory, Richard gets competing offers for his Pied Piper algorithm from Gregory and Hooli CEO Gavin Belson.

Let's pause for a second to talk about Peter Gregory and Gavin Belson. Peter Gregory is introduced to the show via a TED talk about the virtues of abandoning higher education to pursue one's dreams. He believes in the idea so much that he’s offering $100,000 to any student who follows through on leaving college. Many see parallels to Silicon Valley angel investor Peter Thiel. Gavin Belson is part Steve Jobs, part AOL digital prophet Shingy, which is to say that he's brilliant and filled to the brim with meaningless buzzwords. These characters are a send up of every Steve Ballmer yell, every Steve Jobs powerpoint presentation, and every SXSW panel you’ve ever seen. They are Tech CEO 2.0.

And they offer Richard two different philosophical routes: Belson wants to buy the company outright for millions of dollars, ensuring that Richard's algorithm is used in Hooli's best interest. Belson wants to buy 10 percent of the company for $200,000, leaving Richard in control with the ability to continue to grow his idea as its own company. It's less money, but it also means Richard could become his own Gregory or Belson. 

In the pièce de résistance of the episode, Richard returns home to tell a ramen slurping Erlich (who is sure to be coming to a meme near you) that he has decided to take the modest offer from Belson in exchange for the chance to become his own CEO. Instead of the expected blow-up, Erlich is totally onboard with the idea, admitting that when he sold his own startup, he also sold a piece of his heart.

It's an optimistic end to a show that is more than a little bit cynical about the culture of Silicon Valley. What makes it interesting is that the plot of Silicon Valley (at least so far) is distinctly different than the one playing itself out over and over again in the tech industry. From Instagram to WhatsApp, most companies have a great idea, grow it, and then sell it to the Hooli's of the world (which doesn't work out for everyone). Will Richard and company do the same? Will Erlich ever find a t-shirt that fits his body? Will I ever understand what "algorithm" means beyond thinking of it as "fancy math"? At least one of these questions should be answered this season.

If you missed the pilot, watch the full episode below (warning: content is rated TV-MA):

How much is a college championship ring worth?

Marketplace - American Public Media - Tue, 2014-04-08 00:57

The University of  Connecticut beat the University of Kentucky on Monday night during the NCAA championship game.  The Huskies won the glory.  The confetti bath.  The right to star in this year’s “One Shining Moment”. 

 

And, presumably, a few months from now, the players will get a championship ring.  A big, blingy championship ring, like this one (photo courtesy of The Associated Press): 

 

Pretty fancy, right?  Turns out those rings look a lot more expensive than they actually are. Student-athletes who win championships can only receive $415 worth of gifts for the victory, per NCAA rules. (They are allowed additional gifts for participating in post season conference events and for winning their conference championship.)

According to USA Today, Jostens, the company that likely made your high school graduation ring, makes these college championship rings.  In 2013, USA Today spoke to Chris Poitras, from Jostens sport division: 

“In the last 5-10 years, the increase in gold and genuine diamond prices has pretty much priced gold and diamonds out of the scenario for college rings,” Poitras said.

Instead, the rings are decked out in “simulated colored non-genuine stones” and “metals that look exactly the same [as gold], but cost considerably less.”

Just becuase the rings aren't made of actual diamonds and gold doesn't make them cheap for the schools. According to AL.com, after Auburn's football team won the national football championship the school "spent the $75,000-$80,000 for one set of the national championship rings and the SEC title ring, which was slightly less than what was allowed by the NCAA."

Note: The Auburn-designed national championship ring that went to the players and coaches cost $415 each, the exact amount allowed by the NCAA. The SEC championship ring cost $285 each, under the $315 allowed by the NCAA.

Let's say you are one of the student athletes lucky and talented enough to earn a ring. You can't sell it.  According to the NCAA rulebook: "awards received for intercollegiate athletics participation may not be sold, exchanged or assigned for another item of value, even if the student-athlete’s name or picture does not  appear on the award."

Family sees oldest message in bottle

BBC - Tue, 2014-04-08 00:55
An 101-year-old message in a bottle - perhaps the world's oldest - is shown to the sender's granddaughter.
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