National / International News

Betting against Warren Buffett

Marketplace - American Public Media - Fri, 2015-02-27 01:30

Can you imagine betting against the legendary investor Warren Buffett in public? For real money?

Warren Buffett was trying to make a point about index funds—that this meat-and-potatoes boring investment strategy would beat any fancy hedge fund portfolio over time. Well, Ted Seides, President and Co-chief Investment Officer at Protégé Partners, which invests in small and specialized hedge funds, took that bet.

And even though Mr. Buffett is probably chortling with satisfaction somewhere, Mr. Seides was willing to talk about how it's going three-quarters of the way into a ten year bet. 

Click the media player above to hear more.

By the way, Buffett and Seides each put up enough money in a way that $1 million of the loser's money will go to charity when this is all said and done in three years time.

Some people are actually paying for Netflix

Marketplace - American Public Media - Fri, 2015-02-27 01:30
$700 million

The total transactions processed by mobile payment upstart Venmo in the third quarter of 2014. The service is gaining popularity among young adults, but some users have reported security holes that have lead to fraudulent charges. It's not difficult for hackers to change account settings after getting in, Slate reported, and Venmo's small team has been slow to respond in some cases.

3 in 10

A new study shows that only 3 in 10 credit-card-carrying Americans have cards with EMV chips, otherwise known as Chip and PIN cards. Major credit card companies—including Mastercard, Visa, Discover and American Express—along with the major banks that issue their cards, have set a deadline of October 2015 for widespread adoption of the new, more financially secure credit cards in the U.S.

12 years

That's about how many years ago Columbia law professor Tim Wu coined the term "net neutrality." Marketplace Tech spoke with Wu on the FCC's vote to reclassify broadband as a utility under Title II.

7 percent

That's how much a woman's future earnings increase when her partner takes a month of paternity leave, Fast Company reported. Equal parental leave encourages more balance in work and family responsibilities, and it may be key to closing the gender pay gap, but few companies offer it and fewer men elect not to take it.

$8.11

Netflix's average monthly revenue per user on this, the debut of "House of Cards" season three. The company is making a lot more per user than it did during season 2, Bloomberg reported, thanks to a price hike and reconfiguring of some plans.

12.3 karats

This week Brikk, a company that sells customized tech-gadgets, announced it will offer luxury Apple Watches. The most expensive will be gold plated and set with diamonds, totaling 12.3 carats. It’ll run you $74,995. But you already knew that, didn't you? So why not head over to Silicon Tally, our weekly quiz on the week in tech news, and prove your prowess.

Farage: UKIP backs Tories on deficit

BBC - Fri, 2015-02-27 01:21
Nigel Farage says UKIP will back Conservative efforts to eliminate the deficit by 2018 but only if they stick to their plans.

#TheDress - What's behind it all?

BBC - Fri, 2015-02-27 01:11
What colour is this dress? It's a question that's been trending on Twitter for hours. How?

VIDEO: Are Greeks happy with government?

BBC - Fri, 2015-02-27 01:09
Mark Lowen speaks to business owners in Athens about the government's anti-austerity stance.

England starts for Nowell and Goode

BBC - Fri, 2015-02-27 01:08
Jack Nowell and Alex Goode are named in England's starting XV to face Ireland in the Six Nations on Sunday.

UCI wants Astana licence withdrawal

BBC - Fri, 2015-02-27 01:07
The International Cycling Union requests that Astana, the team of Vincenzo Nibali, has its World Tour licence withdrawn.

Corporation tax 'could drop to 12.5%'

BBC - Fri, 2015-02-27 00:55
The first minister tells business leaders in west Belfast that corporation tax could fall to 12.5% in April 2017.

Fungus plays 'biomusic' duet

BBC - Fri, 2015-02-27 00:52
Scientists at Plymouth University play improvised pieces of music with the help of slime mould.

Police withdraw "brutality" image

BBC - Fri, 2015-02-27 00:51
Devon and Cornwall Police withdraws a tweeted image which appears to show a riot officer hitting a person on the ground.

'Ukraine's eastern threat to stay'

BBC - Fri, 2015-02-27 00:50
Ukraine's president says a "military threat from the east" will remain even if a truce with rebels holds, a warning seen as a reference to Russia.

VIDEO: Nevin: Why has Kane become prolific?

BBC - Fri, 2015-02-27 00:34
BBC football analyst Pat Nevin looks at how Harry Kane has achieved success this season, and asks if the Tottenham striker will be a one-season wonder.

Iraq minorities 'wipeout threat'

BBC - Fri, 2015-02-27 00:22
Iraqi minority groups are subject to a "systematic strategy" by IS to drive them out of the country, human rights groups warn.

Your pictures: Gardens

BBC - Fri, 2015-02-27 00:13
Readers' photographs on the theme of gardens

White House Move To Protect Nest Eggs Sparks Hopes And Fears

NPR News - Fri, 2015-02-27 00:07

The Labor Department will draft new rules requiring retirement advisers to put consumers' best interests first. The industry warns low-income people might lose out on financial planning advice.

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Jeb Bush Takes 2016 Show Into Unfriendly Territory At CPAC

NPR News - Fri, 2015-02-27 00:03

Bush has appeared almost exclusively before friendly audiences since leaving the Florida governorship eight years ago, but today he faces a crowd of conservative activists.

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New rail bidders 'must scrap Pacers'

BBC - Fri, 2015-02-27 00:00
Companies wanting to run rail franchises in the north of England must scrap Pacer trains, the Department of Transport confirms.

Halfway in 24-year photo project

BBC - Thu, 2015-02-26 23:50
Photographers recording the first 24 hours of each year

'Ballot Selfies' Clash With The Sanctity Of Secret Polling

NPR News - Thu, 2015-02-26 23:45

New Hampshire is the first state to outlaw voting booth selfies. Some call the ban unconstitutional and are challenging it in court. Others argue selfies compromise privacy and enable voter coercion.

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'Ballot Selfies' Clash With The Sanctity Of Secret Polling

NPR News - Thu, 2015-02-26 23:45

New Hampshire is the first state to outlaw voting booth selfies. Some call the ban unconstitutional and are challenging it in court. Others argue selfies compromise privacy and enable voter coercion.

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