National / International News

Nighy takes Pride in miners movie

BBC - Fri, 2014-09-12 16:09
Miners' strike movie moves Bill Nighy

VIDEO: Iran 'sending troops' to fight IS

BBC - Fri, 2014-09-12 15:59
The BBC has learnt that Iran already appears to be sending troops and weapons to fight the Sunni extremists in Iraq

Artist bids to explain bipolar disorder

BBC - Fri, 2014-09-12 15:57
One artist's bid to explain bipolar disorder

Mum and daughter give dyspraxia help

BBC - Fri, 2014-09-12 15:56
A mother and daughter talk about living with dyspraxia

VIDEO: ‘Spider-dog’ prankster wants Poles to smile

BBC - Fri, 2014-09-12 15:55
‘Spider-dog’ prankster says he wants Poles to smile

Toronto Mayor Rob Ford quits race

BBC - Fri, 2014-09-12 15:31
Scandal-plagued Toronto Mayor Rob Ford withdraws from October's mayoral election after being diagnosed with an abdominal tumour.

Kestrel numbers in 'steep decline'

BBC - Fri, 2014-09-12 15:27
Conservationists are carrying out urgent research in a bid to identify the causes of a steep decline in the number of kestrels in Scotland.

'The polar bears made me do it'

BBC - Fri, 2014-09-12 15:19
A fabled Arctic ship was found this week. A painting of its mysterious demise has haunted students for decades.

How long is the average tongue?

BBC - Fri, 2014-09-12 15:17
A Californian man officially has the longest tongue in the world. But how much longer is it than the average tongue, asks Clare Spencer.

Vikings Star Peterson Indicted On Child Abuse Charges

NPR News - Fri, 2014-09-12 15:08

The charges relate to reckless or negligent injury to his son, who was visiting the Minnesota Vikings running back in Texas in May.

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What if the Fed just gave households money to help

Marketplace - American Public Media - Fri, 2014-09-12 14:54

It's raining cash, hallelujah, to (sort of) paraphrase what the Weather Girls sang. If you want to solve recessions, what about throwing cash at households instead of lowering interest rates by buying bonds or tweaking the interest rates American central bankers control more directly?

This is the proposal coming from a Brown University political economist and a London-based hedge fund guy. The professor, Mark Blyth, says if you took all the money the Federal Reserve has spent on its bond-buying and quantative-easing splurge, every household in America could have been handed $56,000.

Sure, the Fed waved its magic wand to "print" the money that bought the bonds. Under this cash-from-helicopters idea, central bankers would still have to use the magic of inventing money. But it's Blyth and Eric Lonergan's idea that the central banks could print less, give households more, and the stimulus would help a much wider cross section of the population than is helped now by QE.

Blyth told me that our current policies are designed to get people to borrow who don't really want to borrow. When interest rates are forced sown, this encourages people who already have excess cash to put more of their money into financial instruments, rather than spending it on business ventures in the real economy that might do more to create jobs.

Cash from helicopters is not a new idea. On the right, Blyth says Milton Friedman liked the idea. On the left, Keynes also embraced this.

We have done smaller versions of it before. Remember cash-for-clunkers, in which the feds handed out checks if you swapped an old car for a new one during the depths of the financial crisis? And the payroll tax holiday? Academic research shows that for every dollar spent on these programs, many more dollars went forth and multiplied through the economy.

The idea is the central bankers would still have to print money by saying the word "abracadabra" and making it appear, which can be inflationary. Some say that's the only way inflation happens. But Blyth and Lonergan believe under their proposal, the U.S. or Europe would have to print less of it than we do using the usual thinking.

Print less but transfer more, in their rallying cry. Details of this argument are in the September/October edition of Foreign Affairs. Will cash for households catch on? Blyth isn't optimistic at a time that political polarization means nothing catches on these days in Washington.

VIDEO: Hemingway diaries hold fishing clues

BBC - Fri, 2014-09-12 14:51
Ernest Hemingway's grandsons are making a trip to Cuba to visit the house he lived in and see his Nobel prize.

Johnson selected for Uxbridge seat

BBC - Fri, 2014-09-12 14:43
Boris Johnson is selected as the Conservative candidate for Uxbridge and South Ruislip in the 2015 general election.

Deadly collapse in Lagos building

BBC - Fri, 2014-09-12 14:35
A building linked to TB Joshua, one of Nigeria's best known preachers and televangelists, collapses in Lagos, killing at least three people.

VIDEO: Alibaba makes waves in California

BBC - Fri, 2014-09-12 14:28
Internet retailer Alibaba may have floated on the US stock market, but the China-based company is making waves in Silicon Valley as well as in Wall Street.

VIDEO: Malala attack suspects arrested

BBC - Fri, 2014-09-12 14:20
Ten people suspected of planning and carrying out the attack on the Pakistani schoolgirl Malala Yousafzai have been arrested.

Can lessons be learnt from Scotland debate?

BBC - Fri, 2014-09-12 14:18
Can UK learn from predicted high voter turn-out?

The lap dancers who find it hard to leave

BBC - Fri, 2014-09-12 14:16
How hard is it to stop being a lap dancer?

The making and unmaking of Oscar Pistorius

BBC - Fri, 2014-09-12 14:15
The making and unmaking of Oscar Pistorius

Reflections on Ian Paisley

BBC - Fri, 2014-09-12 14:07
Reflections on the life and career of former DUP leader and Northern Ireland first minister Ian Paisley.

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