National / International News

Cities eye Stockton bankruptcy ruling

Marketplace - American Public Media - Mon, 2013-04-01 10:25

A judge cleared the way for the city of Stockton in California to enter bankruptcy today. That makes the city the largest in the U.S. to do so.

"Obviously the folks who have the most at stake are the bondholders," says Michael Sweet, a bankruptcy lawyer with Fox Rothschild in San Francisco.

But the other 800-pound gorilla in the room? That would be members of the city's pension plan. Stockton promised to what they owed to pensioners but "the judge said he isn't sure that the city could do that and still meet its requirements under the bankruptcy law and get a plan confirmed."

And that's why so many other cities across the country are paying close attention to Stockton today. "There are cities across the country that are suffering what Stockton suffered with revenues going down or at least remaining stagnant at a time when costs are going up for both the pension plan and for health care," said Sweet. Back when the economy was booming, these cities "made promises to their employees for extraordinary pensions and defined benefit programs and now they're having trouble meeting the cost of those promises."

So what's next for the city of Stockton? The city next has to present a bankruptcy plan that would need to be approved by a judge. It would detail how the city will get itself out of bankruptcy. That process could take about six months to a year. But if there is an appeal, the process could drag on for much longer.

Snowdon walkers injured in falls

BBC - Mon, 2013-04-01 10:19
A 21-year-old walker escapes with cuts to the head after slipping 1,000ft on a path on Snowdon, while another survives a 300ft fall.

Once Again, Polls Show Attitudes Toward Guns Returning To Pre-shooting Levels

NPR News - Mon, 2013-04-01 10:13

Immediately after previous shootings, polls shifted somewhat — then trended back toward earlier levels. A look at recent polls shows that happening again for the most part.

» E-Mail This     » Add to Del.icio.us

Taggart tattoo wins Scottish award

BBC - Mon, 2013-04-01 10:07
A Taggart fan wins an award for the best Scottish-themed tattoo after having actor Mark McManus' face inked on his back, alongside the Finnieston crane.

Caroline Kennedy 'next Japan envoy'

BBC - Mon, 2013-04-01 10:01
President Barack Obama has asked the daughter of former President John F Kennedy to be America's ambassador to Japan, US media report.

German Prince Plans To Put Bison Back In The Wild

NPR News - Mon, 2013-04-01 09:59

The prince's dream of reintroducing European bison, or wisent, into Germany's most densely populated state will soon be reality. It will be the first time in nearly 300 years that these creatures will roam Western Europe. But not everyone is as excited as the prince.

» E-Mail This     » Add to Del.icio.us

German Prince Plans To Put Bison Back In The Wild

NPR News - Mon, 2013-04-01 09:59

The prince's dream of reintroducing European bison, or wisent, into Germany's most densely populated state will soon be reality. It will be the first time in nearly 300 years that these creatures will roam Western Europe. But not everyone is as excited as the prince.

» E-Mail This     » Add to Del.icio.us

O'Leary gives McNamara 200,000 euros

BBC - Mon, 2013-04-01 09:47
Ryanair chief executive Michael O'Leary donates 200,000 euros to a fund for paralysed jockey JT McNamara.

What's In A Name? More Drugs For Babies If It's GERD

NPR News - Mon, 2013-04-01 09:44

Some pediatricians are worried that babies who spit up are being misdiagnosed with gastroesophageal reflux disease, and that's causing parents to opt for unnecessary prescription medications. Researchers found that using the word "disease" to describe spitting up can have a powerful effect on parents.

» E-Mail This     » Add to Del.icio.us

VIDEO: Is Kashmir the new Chamonix?

BBC - Mon, 2013-04-01 09:34
The unlikely location of Kashmir is making a name for itself as one of the worlds top ski destinations.

Tanker bomb attack at Iraq police HQ

BBC - Mon, 2013-04-01 09:31
A suicide attacker blows up a tanker lorry at the police HQ in the Iraqi city of Tikrit, killing at least nine people.

Warrington 54-20 London

BBC - Mon, 2013-04-01 09:29
Warrington Wolves put Friday's derby defeat by Widnes Vikings behind them with a 10-try dismantling of London Broncos.

PSNI attacked at Derry Easter rally

BBC - Mon, 2013-04-01 09:26
Police vehicles have come under attack from youths throwing stones and other missiles at a dissident republican Easter commemoration in Londonderry.

Sunderland reject Di Canio concerns

BBC - Mon, 2013-04-01 09:24
Paolo Di Canio says he is hurt by his portrayal in the media since being appointed Sunderland manager.

Police open fire in market town

BBC - Mon, 2013-04-01 09:11
Armed police open fire after a man threatens them with what appears to be a handgun in Shropshire.

U.S. Adds F-22 Fighter Jets To Military Exercise In South Korea

NPR News - Mon, 2013-04-01 09:11

The United States has sent two F-22 Raptor fighter jets to take part military drills in South Korea, a move a Pentagon spokesman told the AP is meant to show U.S. commitment to the defense of the region from its North Korean neighbor.

» E-Mail This     » Add to Del.icio.us

Liberty wins Irish National at 50-1

BBC - Mon, 2013-04-01 09:10
Liberty Counsel wins the Irish Grand National at Fairyhouse at odds of 50-1 for trainer Dot Love and jockey Ben Dalton.

Cardiff 3-0 Blackburn

BBC - Mon, 2013-04-01 09:09
Cardiff City open up a seven-point cushion at the top of the Championship as Blackburn's relegation worries mount.

Caroline Kennedy To Be Ambassador To Japan? Talk Grows

NPR News - Mon, 2013-04-01 09:07

The daughter of the nation's 35th president has been talked about as a potential envoy to Tokyo. Now, multiple news outlets say they've been told she's President Obama's choice and is being vetted for the job.

» E-Mail This     » Add to Del.icio.us

Pirates 'kill Bangladesh fishermen'

BBC - Mon, 2013-04-01 09:00
Pirates off Bangladesh are thought to have drowned at least 16 fishermen after tying up their hands and feet and throwing them into the Bay of Bengal.
ON THE AIR
Beggar's Banquet
Next Up: @ 12:01 am
Echoes

Concert on the Lawn July 27 & 28, 2013

CALL FOR VENDORS
KBBI’s Concert on the Lawn at Karen Hornaday Park brings together an eclectic group of talented musicians from Homer and beyond for a fun and spirited community weekend. Click here for details and to submit an application form. DEADLINE FOR APPLICATIONS IS JUNE 29th, 2013. We are not accepting food vendors as we are full in that category.

FOLLOW US

Drupal theme by pixeljets.com ver.1.4