National / International News

Larry Page on Google's smart future

BBC - Wed, 2014-03-19 16:04
Larry Page has been talking about privacy, government surveillance and Google's robotic future at the Ted conference.

VIDEO: Madeleine police seek lone intruder

BBC - Wed, 2014-03-19 16:01
Police probing Madeleine McCann's disappearance are seeking an intruder who sexually assaulted five girls in Portugal between 2004 and 2006.

'Shrapnel' risk to Moon missions

BBC - Wed, 2014-03-19 15:53
The "shrapnel" generated by small space rocks that periodically hit the Moon may pose a larger risk to lunar missions than was previously believed.

'Chicken from hell' dinosaur discovery

BBC - Wed, 2014-03-19 15:50
US scientists announce the discovery of a new species of dinosaur, which offers further clues to how the great beasts became extinct 66 million years ago.

L'Wren Scott death ruled suicide

BBC - Wed, 2014-03-19 15:47
The death of fashion designer L'Wren Scott, girlfriend to Sir Mick Jagger, is officially ruled a suicide by New York City authorities.

Ukraine 'planning Crimea withdrawal'

BBC - Wed, 2014-03-19 15:45
Ukraine is drawing up a plan to withdraw soldiers and their families from the Crimea region, the security chief in Kiev says.

Moyes hopes win can be turning point

BBC - Wed, 2014-03-19 15:31
David Moyes hopes Manchester United's Champions League win over Olympiakos can be a turning point in their season.

Motorists 'drove over alert device'

BBC - Wed, 2014-03-19 15:30
A number of motorists may have driven over a suspicious device that sparked a security alert in east Belfast, the police believe

Men sought in missing Claudia hunt

BBC - Wed, 2014-03-19 15:20
Detectives searching for missing chef Claudia Lawrence, who has not been seen for five years and is believed dead, want to trace two men as part of the investigation.

VIDEO: New clues in search for MH370

BBC - Wed, 2014-03-19 15:20
Transmissions detected at hourly intervals suggest Malaysia Airlines flight MH370 was moving for several hours after communications with the craft were lost, the BBC has learned.

VIDEO: Naval bases seized in Crimea

BBC - Wed, 2014-03-19 15:13
Ukraine is drawing up plans to withdraw its soldiers and their families from Crimea, where pro-Russian forces have already seized two naval bases.

Flood fears shut nuclear reactors

BBC - Wed, 2014-03-19 14:40
EDF Energy is accused of "betraying the public" by campaigners who say not enough detail was released about the shutting of two reactors at Kent's Dungeness B nuclear power station due to flood fears.

FBI 'aids search for missing plane'

BBC - Wed, 2014-03-19 14:30
The FBI is aiding Malaysia's investigation into the disappearance of the airliner missing for more than a week.

MLAs reject union flag proposals

BBC - Wed, 2014-03-19 14:21
MLAS have rejected a proposal to reinstate the flying of the union flag on Belfast City Hall every day of the year.

Rapid breaths 'protect early babies'

BBC - Wed, 2014-03-19 14:10
Superfast ventilation - equivalent to 600 breaths per minute - is the best way to protect the lungs of premature babies, say doctors.

Tansey suspended for pushing referee

BBC - Wed, 2014-03-19 14:10
Castleford's Jordan Tansey is banned for pushing a referee, one of six players suspended for incidents at the weekend.

Manchester United 3-0 Olympiakos (agg 3-2)

BBC - Wed, 2014-03-19 14:05
Manchester United beat Olympiakos to make the Champions League last eight, easing the pressure on boss David Moyes.

Long, Hot Winter Puts Western Fire Officials On Edge

NPR News - Wed, 2014-03-19 14:00

As much of California remains in a state of extreme drought, worried eyes are turning toward the coming fire season — which is expected to be particularly destructive.

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Short-selling: A step-by-step guide.

Marketplace - American Public Media - Wed, 2014-03-19 13:51
Thursday, March 20, 2014 - 04:00 Warner Brothers Inc.

People have been shorting stocks since the early 1700s. It’s basically a way of betting against a company. It’s extremely common, and part of the fabric of Wall Street. But how, exactly, does it work?

Step 1:  You've got to be pretty sure that a company’s stock is gonna go down. Let’s say it’s ACME stock, and you suspect that the bad publicity from Wiley Coyote’s interminable failure is going to soon take its toll.

Step 2:  Before you think the stock is going to go down, you (technically, your stock broker) will borrow some of that stock. 

Step 3:  Sell it. That’s right – sell the stock that’s not even yours. So, let’s say ACME stock is at $1,000 a share, you now have $1,000. 

Step 4:  Wait for the stock price to tank. During this time, you can count your $1000. Or smell it. Or perhaps you prefer to roll in it. But remember it’s not yours to keep.

Step 5:  Does the stock actually tank? Congratulations.  Proceed to Step 6. Does the stock....rise? You might want to sit down before you proceed to Step 7.

Step 6:   Now that the stock has sunk like you (wisely) knew it would – let’s say to $1 a share – you buy it back for $1. You keep the remaining $999 you had before. Go ahead.  Smell it again. This time with passion. 'Cause all that cheddar is yours, baby!

Step 7:  Well, the stock has risen. Let’s say to $1,500. Unfortunately, you have to return the stock that you borrowed. And the only way to get it is to buy it back. At the new, higher price. I know, I know. So you take the $1,000 you made when you sold it, and then shell out $500 more, you buy the stock, and return it to whoever you borrowed it from, and it sucks.  This is your life and these are the choices you’ve made.

Step 8:  But wait! Wait! Are you a billionaire with a large personality? Are you convinced that ACME stock is worthless and the continued failure of Wiley Coyote must eventually drive the stock price over a cliff? OMG are you the ROAD RUNNER?? If you answered yes to any of those, you have a final option. Do everything you can to take ACME down. Lobby our own government and foreign ones, take out ads, fund non profit groups. Make it your mission in life. Seriously! People actually do this!

Some interesting notes about shorting: If a lot of people are shorting a company, say ACME, well, that doesn’t look good for ACME. It’s like wearing a scarlet letter. People start asking questions. The stock price can go down, in a sort of self fulfilling death spiral.


Sabri Ben-Achour

 

On the other hand, there are some investors who really like a challenge.  They might actually swoop in to rescue a company whose stock is at risk of being shorted to death, because they sense an opportunity to fix it. If they do fix it, and things start looking up for the company, all the people who shorted it will sprint to the market to buy back the shares they owe various other people and entities. Then that creates a spiral up in price. What is that called? A life spiral? Technically, it’s called a “short squeeze.”

Marketplace Morning Report for Thursday, March 20, 2014by Sabri Ben-AchourPodcast Title: Short-selling: A step-by-step guide.Story Type: News StorySyndication: Flipboard BusinessSlackerSoundcloudStitcherBusiness InsiderSwellPMPApp Respond: No

How have you lived gentrification?

Marketplace - American Public Media - Wed, 2014-03-19 13:51
Wednesday, March 19, 2014 - 14:44 Scott Olson/Getty Images

A wrecking crew begins the demolition of the last remaining high-rise building from the infamous Cabrini-Green housing project March 30, 2011 in Chicago, Illinois. The complex once housed 15,000 residents and was notorious for its crime, gangs and drugs. 

This week on the show, Marketplace Money will be tackling gentrification. Tell us about your experience!

(function(){var qs,js,q,s,d=document,gi=d.getElementById,ce=d.createElement,gt=d.getElementsByTagName,id='typef_orm',b='https://s3-eu-west-1.amazonaws.com/share.typeform.com/';if(!gi.call(d,id)){js=ce.call(d,'script');js.id=id;js.src=b+'widget.js';q=gt.call(d,'script')[0];q.parentNode.insertBefore(js,q)}})()by Marketplace Money StaffStory Type: BlogSyndication: PMPApp Respond: No

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