National / International News

Max Clifford guilty of sex assaults

BBC - Mon, 2014-04-28 11:19
Publicist Max Clifford is found guilty of eight indecent assaults on women and girls, some as young as 15.

Will Jupiter align with Mars?

Marketplace - American Public Media - Mon, 2014-04-28 11:09

From the Marketplace Datebook, here's a look at what's coming up Tuesday, April 29th:

In Washington, the Federal Reserve begins a two-day meeting on interest rates. It's one of eight scheduled over the course of the year.

The Conference Board releases its April Consumer Confidence Index.

46 years ago, in the Age of Aquarius, "Hair" opened on Broadway. Let the sunshine in.

Newspaper publisher William Randolph Hearst was born on April 29, 1863. He built a media empire and a giant castle which you can tour in San Simeon, California.

And what's the deal with birthdays? Comedian Jerry Seinfeld turns 60.

CarMax, Virgin America, others abandon Clippers' ship

Marketplace - American Public Media - Mon, 2014-04-28 11:00

The NBA is still investigating the legitimacy of a recording that appears to show Los Angeles Clippers owner Donald Sterling making racist remarks, but action from the corporate world was swift and decisive. Several major sponsors of the Clippers either "paused" or pulled their support from the team.

The used-car retailer CarMax and Virgin America both announced they will cut ties to the Clippers immediately, while insurance company State Farm and the auto maker Kia Motors have suspended their sponsorships. It is difficult to be exact with the numbers on how much each company pays in sponsorship, but it will certainly be a blow to a team that was otherwise having a strong year. 

Listed No. 13 on Forbes' list of NBA team valuations, the Clippers are currently valued at $575 million, though many estimate the team could sell for more than that. It is also worth noting that Sterling bought the team in 1981, when they were based in San Diego, for $12 million.

This is not the first time the Clippers' owner has faced accusations of this nature -- in 2009, Sterling paid a settlement of $2.725 million in a federal housing discrimination case in which he was accused of excluding black and hispanic tenants from renting properties that he owned in Los Angeles.

 

A post mortem for the 'worst video game ever'

Marketplace - American Public Media - Mon, 2014-04-28 10:54
Monday, April 28, 2014 - 18:00 moparx / Creative Commons

The Atari 2600.

On Saturday, near the New Mexico town of Alamagordo, a group of video game enthusiasts, excavation specialists, and filmmakers started digging a hole in a desert landfill. Why? You may remember some months ago we talked about the legend that in the early 1980s, video game maker Atari secretly dumped tons of video games into a hole in the middle of the desert.

The reasons for this particular move remain a bit of a mystery, but certainly the game maker was in financial trouble. That's in part because of one particular game -- it was based on the movie E.T., and it did poorly. So poorly, in fact, that it's still described as the worst video game in history.

The man who designed Atari's E.T. game is Howard Scott Warshaw. He was there when the video game treasure trove was uncovered. Listen above for the post mortem. 

Marketplace Tech for Monday, April 28, 2014by Ben JohnsonPodcast Title A post mortem for the 'worst video game ever'Story Type News StorySyndication SlackerSoundcloudStitcherSwellPMPApp Respond No

What if you found out your boss made racist remarks?

Marketplace - American Public Media - Mon, 2014-04-28 10:46

On Tuesday night, twelve guys are scheduled to show up at work – a short shift where they'll collectively earn millions of dollars for themselves and their franchise, the Los Angeles Clippers.

But the job could prove tougher than usual in the aftermath of racist remarks allegedly made by team owner Donald Sterling released over the weekend.

The NBA is still investigating the legitimacy of a recording that appears to show Sterling making racist remarks about African-Americans, but the controversy made us wonder: What's it like to work for a boss who you believe harbors prejudice against you and others?

We asked people on Facebook and Twitter to share their experiences:

(function(d, s, id) { var js, fjs = d.getElementsByTagName(s)[0]; if (d.getElementById(id)) return; js = d.createElement(s); js.id = id; js.src = "//connect.facebook.net/en_US/all.js#xfbml=1"; fjs.parentNode.insertBefore(js, fjs); }(document, 'script', 'facebook-jssdk')); Post by APM: Marketplace.

One tip for employers – if there is a prejudiced person calling the shots, experts say it's best to give them the boot. "Workplace Discrimination Has Real Economic Consequences" begins one section of a 2013 study by the U.S. Congress Joint Economic Committee. Some of those consequences include lower profits for companies, a high turnover rate and decreased employee productivity at work.

The NBA has not yet decided what, if any, action it will take against Sterling. However, workplace consultant Virginia Clarke has advised employers on how to handle prejudice when it surfaces in the workplace.

"I advise companies to not tolerate bias or discrimination at any level," she says. "Boards of directors must hold senior leaders accountable for such transgressions. Senior leaders need to start making leaders and owners accountable for their behavior and the development of their subordinates."

Clarke, a partner with executive leadership recruiter Amrop Knightsbridge, continues, "Leading in a multicultural world is a leadership competency that needs to be learned in some cases. In order to be a real competency the learning must transcend tolerance; it must require a demonstration of true understanding and empathy."

Have you ever had to work for someone you believed harbored prejudice against you or others? How did that experience affect your ability to do your job? Leave a comment below, on Facebook or tweet us @MarketplaceAPM.

AstraZeneca shares soar on bid talks

BBC - Mon, 2014-04-28 10:44
The market reacts favourably to confirmation by the US drugs giant Pfizer that it has been in talks with AstraZeneca over a possible takeover bid.

VIDEO: Feeling chipper? UK's economic recovery

BBC - Mon, 2014-04-28 10:24
Nick Robinson has been travelling around the country to see if the people are noticing any signs of an economic recovery

VIDEO: Keira sings on screen in Begin Again

BBC - Mon, 2014-04-28 10:07
Keira Knightley talks about singing on screen in her latest film Begin Again.

Resident wins case on flag policing

BBC - Mon, 2014-04-28 09:58
The Police Service of Northern Ireland wrongly facilitated illegal and sometimes violent loyalist flag protest marches, a judge rules.

VIDEO: Max Clifford guilty of sex assaults

BBC - Mon, 2014-04-28 09:55
Max Clifford, has been found guilty of eight indecent assaults on women and girls as young as 15

Leeds to host Leigh in Challenge Cup

BBC - Mon, 2014-04-28 09:52
Super League leaders Leeds Rhinos will face Championship pace-setters Leigh Centurions in the Challenge Cup quarter-finals.

VIDEO: PM: Teacher death 'profoundly shocking'

BBC - Mon, 2014-04-28 09:48
David Cameron describes the stabbing to death of a 61-year-old female teacher in Leeds as 'profoundly shocking'.

US congressman accused of tax fraud

BBC - Mon, 2014-04-28 09:43
A US congressman has pleaded not guilty to charges he defrauded tax collectors while running a health food restaurant before he was elected.

Got Gas? It Could Mean You've Got Healthy Gut Microbes

NPR News - Mon, 2014-04-28 09:43

Passing gas, in some instances, may be a sign that you're kicking your gut microbes into action. And that means they can help keep you healthy, says one scientist.

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Mourinho contests FA misconduct charge

BBC - Mon, 2014-04-28 09:40
Chelsea manager Jose Mourinho will contest a charge of misconduct related to his comments after losing to Sunderland.

VIDEO: Up to 4,300 pigs die in farm blaze

BBC - Mon, 2014-04-28 09:39
Up to 4,300 pigs are killed in a fire at a farm in County Armagh, according to the Northern Ireland Fire and Rescue Service.

Are you feeling the economic recovery?

BBC - Mon, 2014-04-28 09:37
Are you feeling the economic recovery?

What can the NBA do about unwanted owners?

Marketplace - American Public Media - Mon, 2014-04-28 09:26
Monday, April 28, 2014 - 09:52 Ronald Martinez/Getty Images

Team owner Donald Sterling of the Los Angeles Clippers watches a game seated next to his girlfriend V. Stiviano.

The National Basketball Association says it's first order of business is to verify whether or not it's the voice of the owner of the Los Angeles Clippers, Donald Sterling, making disparaging remarks about African American people. The tape is allegedly a conversation between Sterling and his mixed-race girlfriend V. Stiviano. The man on the tape urges Stiviano not to bring her black friends to LA Clippers games. Taking photos with black people is like, quote, "talking to the enemy." Magic Johnson and Charles Barclay are among former NBA players who say if the tape is really the Clipper's owner then Sterling can't keep owning the team. For some perspective, we turn to Kenneth Shropshire, director of the Wharton Sports Business Initiative at the University of Pennsylvania.

And, a new study from the University of Michigan Comprehensive Care Center finds that breast-cancer survivors have a high rate of long-term unemployment. And the specific kind of treatment they get, may lower their chances of keeping their job or finding a new job years later.

Meanwhile, with a hint of the week ahead when it comes to not just those markets but to the economy and jobs, we check in with Carl Riccadona, senior US economist, Deutsche Bank Securities in New York.

Marketplace Morning Report for Monday April 28, 2014by David BrancaccioPodcast Title PODCAST: NBA deals with SterlingSyndication All in onePMPApp Respond No

Salmond: Scotland 'committed' to EU

BBC - Mon, 2014-04-28 09:25
An independent Scotland would be an "enthusiastic, engaged and committed contributor to European progress", Alex Salmond says in Bruges.

How Russian sanctions could pinch Western companies

Marketplace - American Public Media - Mon, 2014-04-28 09:24
Monday, April 28, 2014 - 16:23 Alexander Nemenov/AFP/Getty Images

The logo of state-owned oil company Rosneft is seen on the roof of gas-filling station near Stalin's time skyscraper in Moscow, 12 July 2006.

 

President Obama announced new sanctions against Russia today. The sanctions target 17 Russian companies and seven individuals. Among those individuals is Igor Sechin, the head of Russia’s biggest oil company, Rosneft.

How will that affect Big Oil? Well, for starters, BP’s stock fell after the sanctions were announced. BP owns almost 20 percent of Rosneft. 

At its annual meeting earlier this month, BP said it’s committed to its investment in Rosneft, and will comply with any relevant sanctions. And if those sanctions really start to bite, will Moscow take a whack at BP or Exxon? Some oil analysts say no.

“Western oil companies and Russia are in bed together... they are strange bedfellows, but they are dependent on one another,” says Stephen Schork, of the Schork report.

So far, drilling is continuing as usual in Russia. But senior Obama administration officials say the sanctions could be ratcheted up.

 

 

Marketplace for Monday April 28, 2014by Nancy Marshall-GenzerPodcast Title How Russian sanctions could pinch Western companiesStory Type News StorySyndication SlackerSoundcloudStitcherSwellPMPApp Respond No
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