National / International News

Afghans 'repel big attack on base'

BBC - Wed, 2014-04-30 03:47
Afghan forces backed by Nato air power repel an assault by more than 300 militants on an army base close to the Pakistani border, officials say.

Prince Harry and Cressida split up

BBC - Wed, 2014-04-30 03:46
Prince Harry and his girlfriend Cressida Bonas have broken up after two years together, with the split said to be "amicable".

Third Met PC sacked over 'plebgate'

BBC - Wed, 2014-04-30 03:44
A third Metropolitan Police officer is sacked over the "plebgate" row that followed a Downing Street argument between police and MP Andrew Mitchell.

Worker put students at HIV 'risk'

BBC - Wed, 2014-04-30 03:43
Hundreds of University of Derby students were put at risk of HIV and Hepatitis B infection after a university worker reused syringe barrels, the university says.

Bad Behavior From A Sports Franchise Owner? That's Not New

NPR News - Wed, 2014-04-30 03:43

As the Donald Sterling controversy unfolds, commentator Frank Deford recalls scandals surrounding other team owners, and penalties they did or didn't pay.

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Spain sees economy pick up pace

BBC - Wed, 2014-04-30 03:42
Spain's economy grew at its fastest quarterly pace since 2008 during the first three months of the year, the country's statistics body says.

Poison case nurse 'won life battle'

BBC - Wed, 2014-04-30 03:29
A dental nurse who was accused of lacing her boss's coffee with mercury says she won "the battle of her life" when she heard the case had been dropped.

Co-op report blames Britannia deal

BBC - Wed, 2014-04-30 03:25
The Co-operative Bank's merger with the Britannia building society in 2009 should never have happened, a major review of the organisation has concluded.

VIDEO: Many tributes in book of condolence

BBC - Wed, 2014-04-30 03:18
A book of condolence has been filled with tributes and messages of support for the family of Ann Maguire, the teacher who was fatally stabbed in Leeds on Monday.

Alliance Party office petrol bombed

BBC - Wed, 2014-04-30 03:18
Seven bombs are thrown at an Alliance Party office in east Belfast, the police say.

Children aged 10 getting drug help

BBC - Wed, 2014-04-30 03:13
Ten-year-olds among scores of Welsh youngsters referred to specialist drug and alcohol treatment services.

The person managing your future, revealed

Marketplace - American Public Media - Wed, 2014-04-30 03:12

Like it or not, more and more Americans have their futures wrapped up in Wall Street. Old age once included a sizable pension paid for by the employer you retired from. But these days, many Americans have to fend for themselves by saving and investing through 401(k)s and other retirement accounts. That means putting money into the complicated and mysterious gears of Wall Street.

Liz Gross is part of that. The 31-year-old Oconomowoc, Wisconsin resident invests a chunk of her salary in a 401(k). Like many Americans, she thinks of herself as something of a novice when it comes to investing.

“I understand the basic ideas of investing and saving early,” she says. “As far as picking the stocks and the funds that I should be in, it’s not something I’m entirely comfortable with.”

That’s why she chose a target date mutual fund, a popular choice these days. The idea is investors choose the year they want to retire and the fund does the rest. (Ideally, they also check the fund’s fees first.) Each is a little different, but the basic idea is the investments become more conservative over time as the retirement date draws near.

Since so many Americans are investing this way, we thought it’d be interesting to connect Gross with the person managing her future. After we talked to Gross and learned about her investments, we called up Andrew Dierdorf, a portfolio manager at Fidelity. His team oversees nearly $200 billion dollars in retirement money, including the fund Gross has invested in. The futures of millions of American, including Gross, are quite literally in his hands.

We connected them both an invited Gross to ask him questions.

Gross: This is definitely your wheelhouse and not mine, so I kind of wanna turn the tables on you and ask how do you plan for your retirement and have you thought about investing in a target date fund?

Dierdorf: They’re my sole holding in my 401(k) account. So, I struggle with a lot of the same types of issues around making sure that I have my asset allocation appropriate as I’m moving through time. So I’m eating my own cooking.

Mark Garrison: Meet Liz Gross.

Liz Gross: I’m 31 and I live in Oconomowoc, Wisconsin. I have a 401(k) in which I invest a portion of my salary.

Her job kicks in money too. But unlike traditional pensions, she has to figure out how to invest. Alicia Munnell runs Boston College’s Center for Retirement Research.

Alicia Munnell: All the risks and responsibilities have shifted to the employee, that is, to us.

A nation of untrained investors faces choices with lifetime consequences.

Gross: I understand the basic ideas of investing and saving early, but as far as picking the stocks and the funds that I should be in, it’s not something I’m entirely comfortable with.

That’s why Gross chose a target date mutual fund. You choose the date you wanna retire and the fund changes over time to fit that. If you’re smart, you also check the fees first. Since so many Americans are investing this way, we thought it’d be interesting to connect her with the person all the way up the chain.

Andrew Dierdorf: Hi, Liz.

Gross: Hi, Andrew.

Andrew Dierdorf manages the Fidelity fund Gross has. His team oversees nearly $200 billion dollars. The retirements of millions of Americans are quite literally in his hands. So Gross wasn’t shy.

Gross: What is it that you know and what you’ve learned that makes you the person to manage this instead of me, to have me put my trust in you?

He gave the answer you might expect about his experience and the team. But then, Gross threw a curveball.

Gross: This is definitely your wheelhouse and not mine, so I kind of wanna turn the tables on you and ask how do you plan for your retirement and have you thought about investing in a target date fund?

Dierdorf: They’re my sole holding in my 401(k) account. So, I struggle with a lot of the same types of issues around making sure that I have my asset allocation appropriate as I’m moving through time. So I’m eating my own cooking.

Liz Gross felt good about her decision after the talk. Make sure you get answers too. Your job may be able to connect you with free professional advice.

Gross: I just hope other folks are having these conversations with people they trust so that we’re taken care of when the time comes to quit working and go have fun.

In New York, I'm Mark Garrison, for Marketplace.

After Tornadoes, States Now Brace For Flooding

NPR News - Wed, 2014-04-30 03:12

Following this week's twisters that killed at least 35 people in six states, the weather system is now dumping heavy rain in the East and parts of the South.

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VIDEO: Westwood's way with wedding dresses

BBC - Wed, 2014-04-30 03:08
Vivienne Westwood talks to Louise Minchin about her exhibition at the Victoria and Albert Museum and why she enjoyed designing a dress for Muppets character Miss Piggy.

England squad to be named on 12 May

BBC - Wed, 2014-04-30 03:01
England coach Roy Hodgson will announce his squad for the 2014 World Cup in Brazil on Monday, 12 May.

Ratzenberger 'deserves Imola tribute'

BBC - Wed, 2014-04-30 03:00
Roland Ratzenberger deserves a permanent tribute at Imola alongside Ayrton Senna's, says former team-mate David Brabham.

Sizing up Donald Sterling's other business interests

Marketplace - American Public Media - Wed, 2014-04-30 02:58

Donald Sterling is number 972 on Forbes' list of billionaires, with a net worth of $1.9 billion. Forbes values the LA Clippers at $430 million, though some say they could be worth more.

The bulk of Sterling’s wealth comes from real estate -- buildings in LA.  So, will his real estate business be tarnished because Sterling has been banned from the game for racist comments?

“Yes, of course,” says Robert Baade, an economist at Wake Forest University. Baade wouldn’t be surprised if people started boycotting all things Sterling.

Any fall out will be short-lived, according to Leonard Baron, a San Diego realtor and lecturer at San Diego State.  He doesn’t think Sterling will lose any tenants. “People renting are going to be like, 'What’s the price and what’s the location?'" he says. "So I doubt it’s going to have any lasting effects at all.”

And, Baron says, if Sterling wants to sell any real estate, there are plenty of buyers willing to pay top dollar.

Inmate dies in 'botched' execution

BBC - Wed, 2014-04-30 02:53
One of two death row prisoners who lost a case in the Oklahoma Supreme Court dies of a heart attack following an apparently botched lethal injection.

Innovation: A Gadget That Scrambles The Egg Inside The Shell

NPR News - Wed, 2014-04-30 02:48

This new kitchen tool promises to scramble egg whites and the yolk to create delicious culinary creations, and save you from washing a whisk. A soft cradle keeps the egg from breaking.

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AT&T jumps on board with airplane Wi-Fi

Marketplace - American Public Media - Wed, 2014-04-30 02:43

This week, AT&T announced it will offer Wi- Fi service on U.S. flights next year.

Until this week, the in-flight internet business was dominated by Gogo.

Roger Entner, with Recon Analytics, says the challenge for AT&T is that only a small fraction of passengers actually use Wi-Fi on flights.

“AT&T is looking at it and says if we bring down price, and we accelerate the speed, more people will use it and then it will become a bigger market.”

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