National / International News

Big Bucks From Strawberry Genes Lead To Conflict At UC Davis

NPR News - Wed, 2014-07-02 13:37

The strawberry breeding program at the University of California, Davis, is a big money-earner. It's created a unique hybrid of the public and private breeding sector, and that's led to conflict.

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Learning How To Be A Man, From Mom

NPR News - Wed, 2014-07-02 13:34

Derek Williams' dad was around when he was growing up, but it was his mom, he says, who taught him what it takes to be a good man. When she died in 2009, he had to learn from both parents' examples.

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VIDEO: 'My son wasn't answering'

BBC - Wed, 2014-07-02 13:33
Hundreds of Palestinians have clashed with Israeli police in east Jerusalem after a Palestinian teenager was found dead in a forest.

What does the Fed chair worry about? Slack

Marketplace - American Public Media - Wed, 2014-07-02 13:31

The Labor Department releases its latest jobs report this Thursday, and a lot of economists are talking about  "slack" - the unused part of the economy.

“'Slack' means that there are significantly more people willing and capable of filling a job than there are jobs for them to fill,” said Federal Reserve Chair Janet Yellen during a speech in Chicago back in May. “There remains considerable slack in the economy in the labor market.”

Slack matters. But just how much of the economy isn’t being used right now is a matter of debate.

“Slack in the labor market is often one of the first things the Fed looks at in terms of setting monetary policy," says Mark Calabria, director of financial regulation studies at the Cato Institute.

And by monetary policy, he’s talking about interest rates and other ways the Fed fights inflation.

“To the extent there is slack in the labor market, slack in the overall economy, you’re not producing as much as you would otherwise," Calabria says. "You’re certainly falling short of the potential in terms of the economy.”

Calabria says slack means we’re a less wealthy society than we could otherwise be. It also matters for the un- or under-employed.

Justin Wolfers, professor of economics and public policy at the University of Michigan, says the economy is recovering from an "extremely unusual recession" that's left the labor market in a state it's never been in before. And that's causing some uncertainty. 

“If we had run out of slack, then we should start to see wages and inflation really starting to rise right now," Wolfers says. "But we don’t see that at all. And so by that measure it suggests we’ve got quite a long way to go.”

And since the head of the Federal Reserve thinks there’s a lot of slack in the economy, it probably means lower interest rates for a longer amount of time.

VIDEO: Easy Rider: Fonda talks Dennis Hopper

BBC - Wed, 2014-07-02 13:25
An exhibition of Easy Rider actor Dennis Hopper's photographs is taking place in London. His co-star, Peter Fonda, has been talking to Will Gompertz

Skinner loses seat on Labour's NEC

BBC - Wed, 2014-07-02 13:24
Veteran Labour politician Dennis Skinner is voted off the party's governing body by fellow MPs.

Anti-terror police release teenager

BBC - Wed, 2014-07-02 13:19
An 18-year-old man is arrested and bailed on suspicion of terrorism offences which may be linked to three Cardiff jihadists thought to be in Syria.

Contador my main threat - Froome

BBC - Wed, 2014-07-02 13:14
Britain's Chris Froome believes Spain's Alberto Contador is his biggest threat in this year's Tour de France.

VIDEO: US drought 'worst for decades'

BBC - Wed, 2014-07-02 13:11
Parts of the United States are experiencing the worst drought for decades with farmers warning that harvests are being badly hit.

Hopes rise for new Ukraine ceasefire

BBC - Wed, 2014-07-02 13:09
The foreign ministers of Russia, Ukraine, Germany and France say they have agreed on steps aimed at ending hostilities in eastern Ukraine.

Can We Predict Which Teens Are Likely To Binge Drink? Maybe

NPR News - Wed, 2014-07-02 13:06

We know some people are more at risk for abusing alcohol than others. Now scientists say they're getting closer to predicting which teenagers are most at risk.

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