National / International News

Family of four in death crash named

BBC - Thu, 2014-07-24 04:09
Police release the names of the West Lothian family killed in a crash between their car and a lorry in Polmont.

Teen to pay £300 for supercar damage

BBC - Thu, 2014-07-24 04:05
A teenager who jumped on the bonnet of a £245,000 supercar has been told to pay the owner £300 compensation towards the £11,000 repairs.

Saving Lives In South Miami, One Pool At A Time

NPR News - Thu, 2014-07-24 04:04

Swimming pool drowning rates among school-aged black children are more than five times higher than they are among white kids the same age.

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How 'Tut-mania' gripped the world

BBC - Thu, 2014-07-24 04:02
How discovery of Tutankhamun's tomb changed popular culture

A Simple Way To Reduce Stroke Risk: Take Your Pulse

NPR News - Thu, 2014-07-24 03:57

Most people can't tell when they're having the irregular heartbeat called atrial fibrillation that puts them at risk of stroke. Simply learning to take your own pulse could help, researchers say.

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Marine protected areas to be set up

BBC - Thu, 2014-07-24 03:53
A network of 30 marine protected areas is to be established around Scotland's coastline to protect marine species and their habitats.

Central African Republic's road to anarchy

BBC - Thu, 2014-07-24 03:50
Andrew Harding crosses paths with Central African militias

VIDEO: New twist in Banksy mural saga

BBC - Thu, 2014-07-24 03:48
There are questions over the ownership of the Banksy Spy Booth mural in Cheltenham, as Steve Knibbs reports.

Caption Challenge: Flying piano

BBC - Thu, 2014-07-24 03:33
It's the Caption Challenge. Oh yes it is.

Fewer young smokers and drinkers

BBC - Thu, 2014-07-24 03:26
Smoking, drinking and drug use among secondary school pupils have more than halved over the past 10 years, figures show.

Day in pictures: 24 July 2014

BBC - Thu, 2014-07-24 03:24
24 hours of news photos: 24 July

Gaza Conflict Day 17: Here's What You Need To Know

NPR News - Thu, 2014-07-24 03:24

For the first time since Tuesday, the Federal Aviation Administration is allowing flights to Israel. The death toll in Gaza has now surpassed 700.

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Man Utd 'not balanced' - Van Gaal

BBC - Thu, 2014-07-24 03:23
New Manchester United boss Louis van Gaal says his squad is imbalanced, despite beating LA Galaxy 7-0 on Wednesday.

Aid workers shot dead in Herat

BBC - Thu, 2014-07-24 03:18
Gunmen in Afghanistan shoot dead two Finnish women working with an international aid organisation in the western city of Herat.

Protests target Israel football club

BBC - Thu, 2014-07-24 03:08
Pro-Palestinian protesters disrupt a football match in Austria between the Israeli club Maccabi Haifa and French team Lille.

Norway in Syria-linked terror alert

BBC - Thu, 2014-07-24 03:01
Norway is boosting security because of an imminent threat from people linked to Islamist militants in Syria, Norway's intelligence chief says.

PODCAST: Breaking the glass ceiling

Marketplace - American Public Media - Thu, 2014-07-24 03:00

The U.S. Securities and Exchange Commission has voted to change the way money market funds work. More on that decision. Plus, more on a new study shows that women and minority leaders tend to be punished for focusing on diversity, while white men are rewarded for the same behavior. Also, with the influx of young migrants detained at the Southwest border this year, we take a look at the countries from which most are fleeing: Honduras, Guatemala, and El Salvador.

Debating corporate tax inversions

Marketplace - American Public Media - Thu, 2014-07-24 03:00

Corporate tax inversions are the latest topic of debate on Capitol Hill. Allan Sloan, senior editor at large for Fortune magazine, appeared before the Senate Finance Committee on Tuesday to talk about  international taxation and ways to reverse American companies reincorporating overseas.

Click the media player above to hear Allan Sloan in conversation with Marketplace Morning Report host David Brancaccio to explain the maneuver, why it’s happening, and what government should do to regulate it. 


Some bond insurers oppose Detroit's bankruptcy plan

Marketplace - American Public Media - Thu, 2014-07-24 03:00

Retirees and employees have voted to accept benefit cuts under Detroit’s bankruptcy blueprint, but not all creditors are on board. Two of the biggest holdouts are bond insurers.

Some are cooperating with Detroit’s plan, but not Syncora Guarantee Inc.

“They’re fighting tooth and nail against the city’s proposed settlement, because it’ll cost them money,” says Alan Schankel, a municipal research analyst at Janney Montgomery Scott.

Syncora and Financial Guaranty Insurance Co. (FGIC) insured almost $1.5 billion of Detroit’s pension debt. The city is offering ten cents on the dollar, or less. That may not be enough.

“Bond insurers got in a lot of trouble in the 2008 crisis. A lot of them were investing in some very exotic derivatives and other things,” says Eric Scorsone, a public finance economist at Michigan State University.

Syncora was insuring mortgage backed securities and other complicated financial products, says analyst Alan Schankel. As the housing crisis hit, Syncora lost capital and its AAA rating.

This all comes at a time when fewer muni bonds are even getting insured. Schankel says before the financial crisis, more than half of new bonds got insurance.

“This year to date that percentage is 4.85 percent,” he says, calling it a precipitous drop.

He believes marketshare will improve over time. The question is whether it will happen in time for Syncora. 

Deadly ambush on Iraq prison convoy

BBC - Thu, 2014-07-24 02:58
Suicide attackers mount a bomb and gun attack on a prison convoy in Iraq, killing 51 prisoners and nine police officers, security sources say.
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