National / International News

Scots send Haq home from World Cup

BBC - Wed, 2015-03-11 04:10
Scotland bowler Majid Haq is sent home from the Cricket World Cup for breaking the team's internal code of conduct.

Iraqi troops advance in north Tikrit

BBC - Wed, 2015-03-11 04:09
Iraqi government forces have retaken a large part of north-eastern Tikrit as they battle IS militants in the city, security officials say.

Hacked Gazza 'scared' to use phone

BBC - Wed, 2015-03-11 04:06
Former footballer Paul Gascoigne tells the High Court he was "scared to speak to anybody" by phone after his voicemail was hacked by Mirror Group journalists.

National Gallery bans selfie sticks

BBC - Wed, 2015-03-11 04:01
The National Gallery in London bans selfie sticks, "in order to protect paintings and preserve the overall visitor experience".

Teacher broke disciplinary rules

BBC - Wed, 2015-03-11 03:55
An aggrieved teacher made multiple complaints about colleagues and broke confidentiality rules because she felt "a sense of injustice", a hearing finds.

UK ISPs block Pirate Bay proxies

BBC - Wed, 2015-03-11 03:48
Sites that link to banned piracy sites such as Pirate Bay have now been added to a list of sites ISPs must block.

Murray to work with coach Bjorkman

BBC - Wed, 2015-03-11 03:43
Andy Murray will work with Jonas Bjorkman in the next month with a view to the Swede joining his coaching staff full time.

Eleven missing in US helicopter crash

BBC - Wed, 2015-03-11 03:42
A search is under way in the US after an army helicopter crashes in Florida leaving its crew of seven marines and four soldiers missing.

Scots baby names for 2014 revealed

BBC - Wed, 2015-03-11 03:38
Three baby boys born in Scotland last year were called M, R and T, while Bluebell-Fawn features on the list of names given to girls.

VIDEO: Press gather outside Clarkson home

BBC - Wed, 2015-03-11 03:36
Press and photographers have gathered outside Top Gear presenter Jeremy Clarkson's home as they await his response over his suspension from the BBC.

VIDEO: James May: It's not that serious

BBC - Wed, 2015-03-11 03:33
Top Gear presenter James May has confirmed that Jeremy Clarkson had a "dust up" over dinner, leading to his suspension from the BBC.

Brain injury birth mum awarded £5m

BBC - Wed, 2015-03-11 03:22
A Lanarkshire woman whose baby suffered brain damage during birth has won a 16-year fight for £5.25m compensation.

Sangakkara scores record ton in win

BBC - Wed, 2015-03-11 03:17
Kumar Sangakkara scores a record fourth successive one-day international century as Sri Lanka beat Scotland by 148 runs.

UK industrial output falls 0.1%

BBC - Wed, 2015-03-11 03:11
UK industrial output fell by 0.1% in January compared with a month earlier, official figures show.

VIDEO: High spirit tax 'holding industry back'

BBC - Wed, 2015-03-11 03:08
Authors Joel Harrison and Neil Ridley put the case for the economic benefit of a cut in tax on spirits in the Budget.

Happy World Plumbing Day! We Celebrate By Interviewing ... A Plumber

NPR News - Wed, 2015-03-11 03:03

To mark this august occasion, we talk to Fred Schilling, a Florida master plumber who traveled to Haiti after the earthquake to help create a way to deliver clean water.

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Happy World Plumbing Day! We Celebrate By Interviewing ... A Plumber

NPR News - Wed, 2015-03-11 03:03

To mark this august occasion, we talk to Fred Schilling, a Florida master plumber who traveled to Haiti after the earthquake to help create a way to deliver clean water.

» E-Mail This

Hillsborough chief stressed 'safety'

BBC - Wed, 2015-03-11 03:03
The man in charge of policing on the day of the Hillsborough disaster said he told officers "safety was paramount" at a briefing prior to the match, the inquest hears.

Banks prepare for round two of stress tests

Marketplace - American Public Media - Wed, 2015-03-11 03:01

Each year, the Federal Reserve puts the nation’s biggest banks through stress tests. It wants to make sure they can keep lending even in scenarios where home prices plummet and unemployment spikes. Thirty-one banks passed a round of tests last week. 

“The results last week were purely quantitative. How the banks do under each of the scenarios,” says Karen Petrou, managing director with Federal Financial Analytics.

The next round takes a more qualitative look at the individual banks and their capital planning—how they plan to distribute capital to shareholders through, say, dividends, and whether that leaves them with enough of a capital buffer to cover potential losses.

Petrou says some banks might fail this time.

“The Fed looks at the bank and says no, your mortgage loans are a lot riskier than other bank mortgage loans and you should know that,” Petrou says.

The Fed could tell those banks to keep more capital on hand. Duke University law professor Lawrence Baxter says that could mean share buybacks and dividends are forbidden. Stock repurchases benefit stockholders, because they increase the value of an individual share, but they cut into capital.

“The view is that if they don't maintain sufficient capital to deal with these adverse circumstances, the rest of us are exposed,” he says.

Scotland lags UK on public finances

BBC - Wed, 2015-03-11 02:56
Scotland's public finances have improved but they remain worse than the UK average, according to Scottish government figures.

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