National / International News

Day in pictures: 2 February 2015

BBC - Mon, 2015-02-02 03:53
Images from around the world: 2 February

Risks of government schools strategy

BBC - Mon, 2015-02-02 03:41
Dealing with issues in schools with targets and competition may lead to more problems than solutions, Chris Cook argues.

Stokes hits 15 sixes for Lions

BBC - Mon, 2015-02-02 03:41
Ben Stokes, omitted from England's World Cup squad, smashes 151 not out off 86 balls for England Lions in South Africa.

Labour says fees cut student demand

BBC - Mon, 2015-02-02 03:41
The demand for extra university places is much less than forecast because of high tuition fees, says Labour's university spokesman, Liam Byrne.

Guest jailed for glassing bridesmaid

BBC - Mon, 2015-02-02 03:40
A wedding guest who smashed a wine glass in the face of a bridesmaid, leaving her needing 100 stitches, is jailed.

Fake 'femme fatales' aid Syrian hack

BBC - Mon, 2015-02-02 03:38
Fake "femme fatales" have been used to steal battle plans and other data from Syrian opposition groups, a report suggests.

Vision for Royal College of Teaching

BBC - Mon, 2015-02-02 03:21
Supporters of a Royal College of Teaching publish detailed proposals for how such a body would work.

'Cold case' hope over new DNA centre

BBC - Mon, 2015-02-02 03:11
A new £6m facility that will allow police to obtain DNA profiles from smaller and lower quality samples opens at the Scottish Crime Campus.

Labour to outline 'vow plus' plan

BBC - Mon, 2015-02-02 03:10
Labour's Jim Murphy and Gordon Brown are to outline more welfare powers for Scotland in what they say is their "vow plus" plan.

VIDEO: Ings to join Moyes at Real Sociedad?

BBC - Mon, 2015-02-02 03:06
BBC Radio 5 live's Ian Dennis reports on whether Burnley striker Danny Ings has signed a pre-contract agreement with David Moyes's Real Sociedad.

Baby bath-seat drowning risk warning

BBC - Mon, 2015-02-02 03:06
Parents are being warned of the danger of young children drowning in baths, following a small number of deaths and near misses, some linked to bath seats.

WATCH: The Interception That Won The Super Bowl

NPR News - Mon, 2015-02-02 03:02

The play came from New England cornerback Malcolm Butler, who intercepted a Russell Wilson pass at the goal line with 20 seconds left. The result: Patriots over Seahawks, 28-24.

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President's plan to tax foreign earnings

Marketplace - American Public Media - Mon, 2015-02-02 03:00

President Barack Obama hopes to raise $238 billion for infrastructure projects by taxing the foreign earnings of U.S. companies.  

Currently, firms pay no taxes on their earnings from abroad until they move those earnings to the United States, at which point they face a 35 percent corporate tax rate. The result is that many firms have kept that money abroad. 

“They have a strong incentive to not repatriate the profits,” says Joseph Cordes professor of public policy at George Washington University. Firms are now sitting on $2 trillion of foreign earnings stashed abroad. In the past, the government has tried to suck that money into the U.S. by offering a tax holiday – temporarily slashing the rate from 35 percent to 5 percent, according to Roberton Williams at the Urban Brookings Tax Policy Center. He says that has made the problem worse: “The history of repatriation gives firms an incentive to leave money overseas and wait for another tax holiday.”

The president’s plan offers a one time tax on earnings of 14 percent, which is higher than a tax holiday but lower than the tax on the books. Moving forward, firms would have to pay taxes on foreign earnings at a rate of 19 percent, whether or not they bring the money home.  

PODCAST: Cider has its moment

Marketplace - American Public Media - Mon, 2015-02-02 03:00

First up, we take a moment to better understand a piece of President Obama's budget proposal set for release today that might find some support from some members of both parties in Congress. Plus, although sales of alcoholic cider currently amount to just 1 percent of the beer market, sales are way up. In Vermont, where craft beer is already big, some say Vermont is poised to become the Napa Valley of hard cider.

The President hopes to tax foreign earnings

Marketplace - American Public Media - Mon, 2015-02-02 03:00

President Barack Obama hopes to raise $238 billion for infrastructure projects by taxing the foreign earnings of U.S. companies.  

Currently, firms pay no taxes on their earnings from abroad until they move those earnings to the United States, at which point they face a 35 percent corporate tax rate. The result is that many firms have kept that money abroad. 

“They have a strong incentive to not repatriate the profits,” says Joseph Cordes professor of public policy at George Washington University. Firms are now sitting on $2 trillion of foreign earnings stashed abroad. In the past, the government has tried to suck that money into the U.S. by offering a tax holiday – temporarily slashing the rate from 35 percent to 5 percent, according to Roberton Williams at the Urban Brookings Tax Policy Center. He says that has made the problem worse: “The history of repatriation gives firms an incentive to leave money overseas and wait for another tax holiday.”

The President’s plan offers a one time tax on earnings of 14 percent, which is higher than a tax holiday but lower than the tax on the books. Moving forward, firms would have to pay taxes on foreign earnings at a rate of 19 percent, whether or not they bring the money home.  

BBC rapped for Foo Fighters swearing

BBC - Mon, 2015-02-02 02:58
BBC Radio 1 is censured by media watchdog Ofcom for broadcasting a Foo Fighters track containing two F-words on Nick Grimshaw's breakfast show.

'Bali Nine' pair 'next' to be killed

BBC - Mon, 2015-02-02 02:54
Australian drug smugglers Andrew Chan and Myuran Sukumaran will be included in the next group of prisoners to be put to death, Indonesia says.

Probation chief inspector resigns

BBC - Mon, 2015-02-02 02:54
The chief inspector of the probation service in England and Wales resigns over his wife's role at a private firm which has taken over probation contracts.

Sony creates 30 new jobs at factory

BBC - Mon, 2015-02-02 02:52
Sony is creating 30 new jobs at its factory in Bridgend county to cope with the expected demand of its next generation computer.

Charity shave teen returns to school

BBC - Mon, 2015-02-02 02:51
A teenager who shaved his head to raise money for charity returns to class after being put in isolation for four days by his school.

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