National / International News

VIDEO: China’s online shopping revolution

BBC - Wed, 2014-09-17 15:52
The Chinese internet giant Alibaba is set to raise billions on the US stock exchange and is expected to be one of the biggest share offerings in history.

US House approves Obama Syria plan

BBC - Wed, 2014-09-17 15:47
The US House of Representatives approves President Barack Obama's plan to train and arm the moderate Syrian opposition taking on Islamic State.

Doctor Says Toronto Mayor Rob Ford Has 'Rare ... Difficult' Cancer

NPR News - Wed, 2014-09-17 15:45

The mayor, who made international news after he admitted to smoking crack, dropped out of the mayoral race last week. Ford's doctor said he was "optimistic."

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Glimpse at the high street 2020

BBC - Wed, 2014-09-17 15:42
How will we shop in 2020?

VIDEO: Art to remember lost loved ones

BBC - Wed, 2014-09-17 15:38
The artists helping mourners remember lost loved ones

VIDEO: Video shows Henning before capture

BBC - Wed, 2014-09-17 15:32
British Muslim leaders have called for the immediate release of Alan Henning, the British hostage threatened with death by Islamic State extremists in Syria.

Kenya Westgate attack: Voices from the mall

BBC - Wed, 2014-09-17 15:22
Survivors tell the story of Nairobi's Westgate siege

Farming 'the hardest plant to grow'

BBC - Wed, 2014-09-17 15:20
The North American farmers who have started to plant wasabi

Mourinho has Costa hamstring concern

BBC - Wed, 2014-09-17 15:13
Jose Mourinho says after Chelsea's draw with Schalke that Diego Costa is not yet ready to start more than one game a week.

VIDEO: National Gallery in the picture

BBC - Wed, 2014-09-17 15:04
US filmmaker Frederick Wiseman talks to Tom Brooks about his documentary on the National Gallery

What will Alibaba do with $25bn?

BBC - Wed, 2014-09-17 15:03
What will Alibaba do with $25bn?

Hart positive despite Bayern defeat

BBC - Wed, 2014-09-17 14:57
Man City keeper Joe Hart believes his team can qualify for the Champions League last 16 despite losing to Bayern Munich.

Scottish independence: Decision day

BBC - Wed, 2014-09-17 14:43
People in Scotland will vote later on whether the country should stay in the UK or become an independent nation.

VIDEO: South-west US hit by extreme weather

BBC - Wed, 2014-09-17 14:34
Extreme weather is punishing the south-western United States with a heatwave and a hurricane causing chaos from California into Mexico and flash flooding forecast for Arizona.

Federal Reserve To Markets: Nothing To See Here; Move Along

NPR News - Wed, 2014-09-17 14:22

The Fed said because wage-and-price hikes remain low and growth continues at a moderate pace, interest rates will stay at historic lows for a "considerable time."

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Toronto Mayor Rob Ford has cancer

BBC - Wed, 2014-09-17 14:14
Toronto Mayor Rob Ford has been diagnosed with a "fairly aggressive" rare cancer, doctors treating him say.

Skin printer and bee probe win award

BBC - Wed, 2014-09-17 14:10
A printer that creates fake skin to help burn victims heal, kit to check the health of bees and a solar-powered portable cooker win 2014's national Dyson awards.

How to vote in the Scottish referendum

BBC - Wed, 2014-09-17 13:47
The future of Scotland will be decided in the referendum on independence on 18 September. Here's a brief guide on how to make sure your vote is counted.

Can advertisers pressure the NFL?

Marketplace - American Public Media - Wed, 2014-09-17 13:42

Football season had a rough start this year.

Former Baltimore Ravens running back Ray Rice was caught on tape knocking out his fiance and Minnesota Vikings Adrian Peterson was indicted for child abuse, putting a spotlight on how the NFL handles domestic violence. Many fans haven't liked what they've seen, and now they're joined by another group the league may have to listen to: its sponsors.

McDonald's, Visa, Campbell's Soup, CoverGirl: A growing list of NFL sponsors have come out with statements applying pressure to the league. Anheuser-Busch, which has a $1.2 billion, six-year contract with the NFL, used some of the harshest language, saying: "We are disappointed and increasingly concerned by the recent incidents that have overshadowed this NFL season. We are not yet satisfied with the league's handling of behaviors that so clearly go against our own company culture and moral code."

"The NFL here is a multibillion-dollar business," says Gabe Feldman, director of the sports law program at Tulane University. "If some of those billions start to get threatened, I think the NFL is going to stand up and take notice."

But so far, sponsors have stopped short of publicly threatening to tear up their contracts with the NFL. Radisson hotels ended its limited sponsorship with the Minnesota Vikings, but when it comes to individual teams and players, the stakes are lower. But the costs — like having the Radisson logo in the background at press conferences responding to child abuse allegations — are higher.

"There's a lot of sports properties but there's only one NFL," says Kenneth Shropshire, director of the Wharton Sports Business Initiative.

The sheer size and engagement of the NFL's audience may insulate it from criticism more than the NBA, which banned former Clippers owner Donald Sterling for life following racist remarks, but only after companies such as State Farm, CarMax and Virgin America withdrew their sponsorship from the Clippers.

"[The NFL is] a $10 billion-a-year industry. The next closest sports are $3 [billion], $4 billion behind. So it's astronomically larger, even though we don't think of it as such," says Shropshire.

He thinks major NFL advertisers are more likely to apply pressure behind the scenes than publicly break ties.

But there could still be looming financial implications for the sport. "I think if you were a sponsor right now contemplating an investment in NFL, you'd probably wait," says Kent Atherton of sports media firm Atherton Communications.

And if more damning details emerge, big money advertisers could do more than just talk.

How will low inflation complicate the Fed’s plans?

Marketplace - American Public Media - Wed, 2014-09-17 13:42

When the Labor Department released the Consumer Price Index numbers for August, Janet Yellen got a shock.

Everybody expected the CPI  to come in just shy of the Fed’s goal of 2 percent inflation. But the actual number was 1.7 percent. 

Inflation is just not being  cooperative.

“CPI is a little bit like the puppy that refuses to get housebroken and is spoiling the Fed’s carpet,” says Jonathan Lewis, who, yes, is in the midst of training a stubborn puppy,  but is also Chief Investment Officer at Samson Capital Advisors.  

He says today’s inflation numbers are a mess for the Fed – a warning flag. 

“The low inflation numbers are a symptom of weakness in the economy," says Mark Gertler, who teaches economics at New York University. "The economy is still not as strong as we would like."

That’s a problem for the Fed because it can’t raise interest rates when the economy is weak, and the Fed can’t keep rates near zero forever.  

But there is a bright side.

“The lower inflation is actually giving them quite a bit of breathing room," says Gennadiy Goldberg, U.S. Strategist for TD Securities. "There’s very little pressure on the Fed to hike interest rates now.”

And everybody expects inflation to get up to where the Fed wants it, eventually.   

As asset manager and dog lover Jonathan Lewis puts it, puppies will get trained sooner or later. It just takes some longer than others.

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