National / International News

BCC says recovery 'not yet secure'

BBC - Mon, 2014-04-07 15:00
The British Chambers of Commerce says that while short-term growth prospects are good the recovery is "not yet secure".

VIDEO: US dark matter hunt at critical phase

BBC - Mon, 2014-04-07 14:55
The quest to find the most mysterious particles in the Universe is entering a critical phase, scientists say.

When to trust (cough) financial journalists

Marketplace - American Public Media - Mon, 2014-04-07 14:51

You know how we in the financial press will say "There is word of this big merger being negotiated" or "There are reports of that corporate aquisition in the works"?   Sometimes those stories pan out, sometimes they don't. Now, thanks to researchers at the University of Southern California and the University of Michigan, there is a way to tell which deals are more likely to actually get done.   A key takeaway: Consider the source. Bloomberg has the most accurate reportage of mergers and acquisition: An astounding 80 percent accuracy rate. The New York Times is number six on the list, behind -- get this -- the New York Post.    Another guide: the bigger the company in question, the less likely it is that the story will pan out.    

Sick 1-Year-Old Rescued From Sailboat 1,000 Miles Off Mexican Coast

NPR News - Mon, 2014-04-07 14:45

The parents activated a distress beacon from their 36-foot sailboat en route to the Pacific islands after the girl developed a fever and rash that wouldn't respond to medications.

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VIDEO: End of Gandhi reign in India?

BBC - Mon, 2014-04-07 14:42
The first day of voting in India's month-long parliamentary election has seen a high turnout.

Group Goes Online To Find Affirmative Action Plaintiffs

NPR News - Mon, 2014-04-07 14:32

The Project on Fair Representation is looking for college applicants willing to challenge Harvard University, the University of North Carolina, Chapel Hill, and the University of Wisconsin, Madison.

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With Legislators' OK, Maryland Poised To Decriminalize Pot

NPR News - Mon, 2014-04-07 14:00

Maryland Gov. Martin O'Malley, who is expected to sign the bill, said decriminalizing marijuana might lead to a greater focus on more serious threats.

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Miller has done right thing, says PM

BBC - Mon, 2014-04-07 13:55
Prime Minister David Cameron stands by Maria Miller amid fresh questions over the culture secretary's expenses.

Row over 'racist' posters in city

BBC - Mon, 2014-04-07 13:54
A row erupts over posters in Belfast that claim NI people are being denied jobs while hundreds of overseas workers are receiving higher wages.

Rwanda Honors Dead, Celebrates Progress, 20 Years After Genocide

NPR News - Mon, 2014-04-07 13:46

The brutality that began in Rwanda in April 1994 left 800,000 dead in just over three months. Some collapsed in grief as the country marked the anniversary of those dark days.

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Rwanda Honors Dead, Celebrates Progress, 20 Years After Genocide

NPR News - Mon, 2014-04-07 13:46

The 100 days of brutality that began in Rwanda in April 1994 left 800,000 dead, and is the fastest genocide in history.

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The Future Of Clean, Green Fish Farming Could Be Indoor Factories

NPR News - Mon, 2014-04-07 13:45

Aquaculture in the U.S. has lagged because of opposition from environmentalists and people living on the coast. But entrepreneurs say they've found a way to produce fish on land with little pollution.

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VIDEO: Man with hammer attacks tourists

BBC - Mon, 2014-04-07 13:36
Three female tourists suffered serious head and facial injuries during a hammer attack in a hotel in London.

Tottenham Hotspur 5-1 Sunderland

BBC - Mon, 2014-04-07 13:35
Tottenham produce a superb performance to increase the pressure on the Premier League's bottom side Sunderland.

'The Tech Sector': Growing, and growing vaguer

Marketplace - American Public Media - Mon, 2014-04-07 13:34

Anyone remember when Homer Simpson created "Compu-Global-Hyper-Mega-Net"?  Marge asks him what, exactly, his company does, and he responds, “Eh, this industry moves so fast it's really hard to tell.”

It was emblematic of a time in American economic history where tech and the Internet were exploding – a period that ultimately ended in a deafening "POP" sound when the bubble burst. These days, with social media companies that don't even earn any money valued in the billions, it's worth asking the same question. Especially when tech shares are losing value as they started to do last Friday, and are continuing to do today.

"The Tech Sector" is of course a very vague term that many economists and the Bureau of Labor Statistics haven't quite settled on, so it's hard to make anything but vague estimates for its actual size. You can play around with the numbers yourself here. By one gauge, the sector employs 1.3 to 2.5 million people. That's out of 138 million people total employed in the U.S.

But its impact is wider than that.

"What the tech sector historically has done, and continues to do today, is come up with new ways of doing business for all companies and all industries," says Matt Slaughter, director of the Center for Global Business and Government at Dartmouth's Tuck School of Business, "in addition to cool technology innovations."

One way an economy becomes more productive is through new technology -- and the tech sector embodies that, of course. 

So, does the fact that tech stocks are taking a beating signify a major problem under the hood of our economic engine?

"It's not unusual," says Stuart Freeman, chief equity strategist with Wells Fargo Advisors.  He says tech stocks did well over the past year, and it's normal that at some point people wanted to cash out. "After a while you see investors take profits in the meat of the tech sector, some of the larger companies."

When that happens, it often nudges other investors to do the same thing, a bit like a run on the bank. Not a catastrophic one, but a distinguishable one nonetheless. 

And what we’re seeing isn’t a rash, he adds.  Friday was bad, but most tech stocks are only down between .7 and 1 percent over the year so far.  And nothing he’s seen changes his estimate that tech stocks will grow 5-6 percent over the next year.

Measuring the tech sector: How big is it, really?

Marketplace - American Public Media - Mon, 2014-04-07 13:34

Anyone remember when Homer Simpson created "Compu-Global-Hyper-Mega-Net?"  Marge asks him what, exactly, his company does, and he responds, “Eh, this industry moves so fast it's really hard to tell.”

It was emblematic of a time in American economic history where tech and the Internet were exploding – a period that ultimately ended in a deafening "POP" sound when the bubble burst. These days, with social media companies that don't even earn any money valued in the billions, it's worth asking the same question. Especially when tech shares are losing value as they started to do last Friday, and are continuing to do today.

"The Tech Sector" is of course a very vague term that many economists and the Bureau of Labor Statistics haven't quite settled on, so it's hard to make anything but vague estimates for its actual size. You can play around with the numbers yourself here. By one gauge, the sector employs 1.3 to 2.5 million people. That's out of 138 million people total employed in the U.S.

But its impact is wider than that.

"What the tech sector historically has done, and continues to do today, is come up with new ways of doing business for all companies and all industries," says Matt Slaughter, director of the Center for Global Business and Government at Dartmouth's Tuck School of Business, "in addition to cool technology innovations."

One way an economy becomes more productive is through new technology -- and the tech sector embodies that, of course. 

So, does the fact that tech stocks are taking a beating signify a major problem under the hood of our economic engine?

"It's not unusual," says Stuart Freeman, chief equity strategist with Wells Fargo Advisors.  He says tech stocks did well over the past year, and it's normal that at some point people wanted to cash out. "After a while you see investors take profits in the meat of the tech sector, some of the larger companies."

When that happens, it often nudges other investors to do the same thing, a bit like a run on the bank. Not a catastrophic one, but a distinguishable one nonetheless. 

And what we’re seeing isn’t a rash, he adds.  Friday was bad, but most tech stocks are only down between .7 and 1 percent over the year so far.  And nothing he’s seen changes his estimate that tech stocks will grow 5-6 percent over the next year.

Can an executive order help close the pay gap?

Marketplace - American Public Media - Mon, 2014-04-07 13:30

President Obama is taking measures to try to close the gender pay gap. On Tuesday, Obama will sign an executive order that bans federal contractors from punishing workers who discuss what they're getting paid.

Although such a measure is already enshrined in law, supporters of the move say many people simply don't know they are legally permitted to talk about wages in the workplace.

Obama will also direct the Labor Department to adopt rules that require those same contractors to provide data on what employees are earning, broken down by race and gender. The orders will only apply to federal contractors, but that's not a small group. 

Samuel Estreicher directs the Center for Labor and Employment Law at the New York University School of Law and jokes - that "federal contractor" is basically a synonym "for multinational corporations, for U.S.-based multinationals."

Companies that have contracts with the federal government include some of the largest corporations in the world, and employ around 26 million people in the U.S.

Former Senate Rivals Team Up To Combat Campus Sexual Assault

NPR News - Mon, 2014-04-07 13:27

Sens. Claire McCaskill and Kirsten Gillibrand are calling for increased funding to bulk up the Department of Education's Office of Civil Rights.

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VIDEO: US investors bet on news start-ups

BBC - Mon, 2014-04-07 13:19
The financial future of the news business is uncertain, but lately US venture capitalists have been placing their bets on journalism.

Wayne Henderson, Jazz Crusaders Co-Founder, Dies

NPR News - Mon, 2014-04-07 13:18

The trombonist and three fellow musicians from Houston started one of jazz's most popular groups in the 1960s. As the times changed, so did their music — and their success magnified further.

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