National / International News

VIDEO: Band Aid reunites for Ebola crisis

BBC - Mon, 2014-11-10 06:41
Sir Bob Geldoff and Midge Ure are working together to release a new Band Aid single to raise money for victims of Ebola.

Aldi aiming to create 35,000 jobs

BBC - Mon, 2014-11-10 06:32
The discount supermarket chain Aldi plans to create 35,000 new roles over the next eight years as it opens hundreds of new stores.

Election TV debates rethink urged

BBC - Mon, 2014-11-10 06:30
The Green Party, Plaid Cymru and the SNP write to the BBC asking to be included in the televised debates ahead of the May's general election.

Stinky invader 'could get to UK'

BBC - Mon, 2014-11-10 06:19
An agricultural pest that can cause widespread damage to crops could establish itself within the UK, according to a scientist.

VIDEO: Reagan apology to Thatcher released

BBC - Mon, 2014-11-10 06:08
A recorded conversation between an apologetic Ronald Reagan and Margaret Thatcher over the invasion of Grenada has been published for the first time.

The White House Is Backing Strong Open Internet Rules

NPR News - Mon, 2014-11-10 06:08

President Obama is calling on rule-makers to reclassify broadband as a public utility. It would give the FCC much broader authority to stop "fast lanes" and "slow lanes" to the Internet.

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Wall Street bonuses as economic indicator

Marketplace - American Public Media - Mon, 2014-11-10 05:45

It’s that time of year again: Wall Street bonus season. 

A survey Monday from Johnson Associates suggests this year will bring good news and bad news to different sectors of the financial industry, providing a mixed indicator of the health of the American financial industry, as well as the economy as a whole. 

The survey has bad news for some of finance's risk takers: Hedge funds and traders of stocks and bonds are predicted to see bonuses drop by as much as 10 percent from last year.

 "The first question is: 'Why are the trading bonuses lower?'" says Wallace Turbeville, senior fellow at Demos and former Goldman Sachs investment banker. "That could be a lot of reasons."

Turbeville thinks it could be due to lower stock market volatility or an increase in automation. "But the real question is whether the traders are changing their behavior and putting less risk on the books at the banks and hedge funds," he says. "That kind of risk can blow up, of course, that's what happened in 2008."

The Johnson Associates survey projects other sectors of the financial industry to see bonus increases. Investment bankers and private equity employees working on mergers and acquisitions are predicted to see increases of up to 15 percent.

"The picture is really quite bright, or it is getting brighter, for investment banking," says S.P. Kothari, deputy dean at MIT's Sloan School of Management. 

This is in part because of a number of big mergers and acquisitions this year, like Comcast's acquisition of Time Warner and AT&T's acquisition of DirecTV. This year's M&A activity is on track to be one of the biggest, in dollar value, of all time.

"The merger activity is a harbinger of good prospects for the economy," says Kothari.

 For the financial industry, the good and bad prospects more or less average out: With bonuses factored in, take-home pay at commercial and investment banks is expected to be about the same as last year.

VIDEO: Public Accounts Committee

BBC - Mon, 2014-11-10 05:39
MPs hear evidence on the managing and removing of foreign national offenders in the UK.

Syria 'to study' Aleppo truce plan

BBC - Mon, 2014-11-10 05:38
Syrian President Bashar al-Assad says he will study a UN proposal for "local ceasefires" in the war-ravaged northern city of Aleppo.