National / International News

VIDEO: Brand joins London housing protest

BBC - Thu, 2014-10-02 07:51
Comedian Russell Brand joined Focus E15 protesters in London outside Bow County Court.

The numbers for October 2, 2014

Marketplace - American Public Media - Thu, 2014-10-02 07:25

Amid pressure from the U.S. and a flood of refugees from ISIS-held border towns, Turkey will vote Thursday on whether to join the 40-state coalition against the extremist group. Turkey's president has been critical of the airstrikes playing out over the past week in Syria and Iraq, and hesitant to enter the conflict, citing hostages that were held by ISIS until last month.

But with that consideration gone and a vulnerable border, the Turkish parliament is expected to back a motion that would draw them squarely into the fight, the BBC reported. Just how many military resources the country is willing to commit is unclear.

Here's what we're reading — and some numbers we're watching — Thursday:

$20.6 billion

The value of all subprime auto loans made in the second quarter of this year, which is double the number from the same period in 2010. At the same time, the New York Times reported, banks saw the biggest year-over-year increase in seriously delinquent loans since 2009. Contributing to this subprime auto loan boom are fraudulent used car loans, now subject to a broad state and federal investigation. The Times reviewed several documents indicating dealers lied about an applicant's income or employment status so they would qualify.

$76.3 million

That's how much Bank of America has made since 2000 through its exclusive deal with the Bureau of Prisons to serve 121 institutions and 214,635 inmates nationwide. JPMorgan also has a deal allowing them to distribute debit cards with high fees once prisoners are released. As part of their investigation into banking in the prison system, the Center for Public Integrity found the Treasury Department awarded these contracts without asking banks to bid on them. In turn, B of A has been allowed to subcontract a wide range of services at its discretion.

$275,000

The starting bid for "ElectHillary.com" on the domain name auction site GoDaddy, according to The Hill. Domain name speculation can lead to big payoffs, and some stake out domains long before anyone announces their candidacy. One man told The Hill he's scooped up domains with running mates attached — "ClintonNapolitano.com," "ClintonWarner.com" and even "ClintonBiden.com" — in hopes of selling one back to the campaign at a premium.

Israel urged to silence net activist

BBC - Thu, 2014-10-02 07:22
The Israeli authorities are urged to shut down the internet account of an activist in the country who is accused of harassing French reporters.

Ebola nurse tells of virus 'horror'

BBC - Thu, 2014-10-02 07:21
The British nurse who contracted the deadly Ebola virus in Sierra Leone calls for action to stop the "horror and the misery" he witnessed there.

Ukraine Rebels Break Truce To Make Push For Donetsk Airport

NPR News - Thu, 2014-10-02 07:14

Kiev's forces and pro-Russia separatists have resumed fighting over the government-held airport.

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Ship identified in Franklin search

BBC - Thu, 2014-10-02 07:11
A shipwreck recently found in north Canada is identified as HMS Erebus - lost in Sir John Franklin's famous Victorian-era Northwest Passage voyage.

The Outhouse — And Other Rooms — Get A 21st Century Makeover

NPR News - Thu, 2014-10-02 07:11

Some people are spending more time in their backyard — in living rooms, entertainment centers, even bathrooms.

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Factory closure will cost 180 jobs

BBC - Thu, 2014-10-02 07:05
A factory in Fife is to close with the loss of about 180 jobs under proposals announced by its Danish owners.

In pictures: Exploring the African male

BBC - Thu, 2014-10-02 06:54
An exhibition of work by Rotimi Fani-Kayode

NI police budget cuts 'impossible'

BBC - Thu, 2014-10-02 06:54
Northern Ireland's chief constable says budget cuts are forcing his organisation into a virtually impossible position.

Cardiff speed camera 'UK's busiest'

BBC - Thu, 2014-10-02 06:49
A speed camera in Cardiff is the busiest in Britain - catching almost three times as many drivers each day as one on a Manchester motorway.

Boko Haram video shows leader alive

BBC - Thu, 2014-10-02 06:47
A video is released showing the purported leader of Nigeria's Islamist group Boko Haram dismissing the army's allegations he is dead.

UN accuses IS of 'gross abuses'

BBC - Thu, 2014-10-02 06:44
A "staggering array" of rights abuses has been committed in Iraq by Islamic State militants over a nine-week period, the UN says.

VIDEO: What can you do in a green phone box?

BBC - Thu, 2014-10-02 06:43
Disused phone boxes in London are being put to a novel use - as solar-powered charging stations for mobile phones.

VIDEO: Dog saved from tar pool in India

BBC - Thu, 2014-10-02 06:28
A stray dog in India's Udaipur recovers after being found stuck in pool of hot tar.

UK urges decisive action on Ebola

BBC - Thu, 2014-10-02 06:23
The UK calls for decisive international action to deal with the Ebola epidemic in West Africa, as it co-hosts a forum with Sierra Leone in London.

Raid CCTV shows 'flying' cash machine

BBC - Thu, 2014-10-02 05:41
Dramatic footage is released showing thieves stealing a cash machine before their vehicle is rammed and stopped by a police car.

VIDEO: How is Dallas reacting to Ebola?

BBC - Thu, 2014-10-02 05:30
People in Dallas, Texas, give their reaction to the news that the first man to be diagnosed with Ebola while in the US was admitted to hospital in their city.

VIDEO: Ebola 'horror and misery must end'

BBC - Thu, 2014-10-02 05:02
British nurse William Pooley, who contracted Ebola in Sierra Leone but recovered, has called for action to stop the "horror and the misery" that he witnessed.

Bank of America gets back to normal... with a twist

Marketplace - American Public Media - Thu, 2014-10-02 05:00

Bank of America CEO Brian Moynihan is getting another title: chairman of the board. 

This is Bank of America’s way of saying, "Hey, we’re back to business as usual." It’s unusual for a bank’s CEO to not also be its chairman. 

During the financial crisis, CEOs of the biggest banks were stripped of the chairman title when shareholders didn’t like the way they handled the crisis. 

In 2009, Bank of America shareholders voted to take the chairman role away from then-CEO Ken Lewis. They were punishing him for his decision to acquire Merrill Lynch at the height of the crisis, and then give bank executives huge bonuses. 

But there’s going to be somebody looking over Moynihan’s shoulder. 

Jack Bovender will become the bank’s lead independent director. The bank’s press release announcing Moynihan’s promotion describes Bovender’s role in great detail. He’ll approve information sent to the board, and he will plan the board’s agenda with Moynihan. 

So, it’s back to normal, with a few checks and balances.

 

 

 

 

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