National / International News

Obama to pay king respects in Saudi

BBC - Tue, 2015-01-27 03:00
The US president cuts short an India trip to lead a bipartisan delegation to Saudi Arabia following the death of King Abdullah.

PODCAST: Preparing for a power outage

Marketplace - American Public Media - Tue, 2015-01-27 03:00

Warnings about company profits put a tremor into the stock market today. More on that. Plus, two big steel companies revealed their profits today. So, how is the industry looking? We'll also talk about how more and more Americans are making their own power, either by installing solar panels, or in areas with frequent storms, backup home generators.

VIDEO: Home Affairs Committee

BBC - Tue, 2015-01-27 02:49
MPs take evidence on the child abuse inquiry

Spain jet crash deaths rise to 11

BBC - Tue, 2015-01-27 02:49
A ninth French national dies following the crash involving a Greek F-16 fighter jet at a Spanish military base, officials say.

Winter Storm Skirts New York City, But Still Walloping Northeast

NPR News - Tue, 2015-01-27 02:49

The forecasts had called for up to 30 inches of snow for the city, but the historic storm failed to materialize. By early morning, however, parts of Massachusetts had gotten more than a foot of snow.

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Scanner locates potential potholes

BBC - Tue, 2015-01-27 02:47
Smart scanners that can identify the sites of potholes before they form are being developed by academics at Nottingham Trent University.

Police raid Amazon's Tokyo offices

BBC - Tue, 2015-01-27 02:45
Japanese police have raided Amazon's Tokyo offices as part of an investigation into alleged sales of images of child sexual abuse.

#FreeSpeechStories: Why was one death singled out in Egypt?

BBC - Tue, 2015-01-27 02:38
Why one protester's death went big on social media

McDonald's customer punched worker

BBC - Tue, 2015-01-27 02:34
A McDonald's employee is punched in the face by a customer who was told he could not use the restaurant's phone.

VIDEO: 'I was just a number': Survivor's story

BBC - Tue, 2015-01-27 02:34
Arek Hersh is returning to Auschwitz, where he was imprisoned as a boy, 70 years after it was liberated.

EU weighs more sanctions on Russia

BBC - Tue, 2015-01-27 02:30
EU leaders ask their foreign ministers to consider imposing further sanctions on Russia in response to the continued fighting in Ukraine.

Facebook - lessons from the panic

BBC - Tue, 2015-01-27 02:29
Disrupted services from Facebook, Instagram and other social networks were the result of system error, not hackers.

Litvinenko murder 'of global concern'

BBC - Tue, 2015-01-27 02:25
The poisoning of ex-Russian spy Alexander Litvinenko in London is a matter of "utmost gravity", the judge leading the inquiry into his death says.

Man jailed for hit-and-run death

BBC - Tue, 2015-01-27 02:25
A man is jailed for seven-and-a-half years for killing a 14-year-old girl he hit at more than 60mph in Sheffield and then drove off.

Dubai claims Heathrow's traffic crown

BBC - Tue, 2015-01-27 02:22
Dubai International has taken over from Heathrow as the world's busiest international airport in terms of yearly passenger numbers.

Militants attack top Libya hotel

BBC - Tue, 2015-01-27 02:16
Gunmen possibly linked to the Islamic State militant group attack a hotel popular with foreigners in the Libyan capital Tripoli, officials say.

Council merger plans are rejected

BBC - Tue, 2015-01-27 02:16
Voluntary merger plans suggested by six Welsh councils are rejected by the public services minister.

BBC boss queries watershed and Archers

BBC - Tue, 2015-01-27 02:06
The 9pm TV watershed may not survive, says BBC director general Tony Hall, who also acknowledges criticisms of Radio 4's flagship drama The Archers.

Mortgage program rates due to reset this year

Marketplace - American Public Media - Tue, 2015-01-27 02:00

Hundreds of thousands of homeowners who got a break on their mortgages during the financial crisis are about to see their monthly payments start going back up.

Known as the Home Affordable Modification Program—or HAMP—the government project provided relief for struggling homeowners by reducing monthly mortgage payments for five years. HAMP was rolled out in 2009, but really took off in 2010. Participants reduced their mortgage rates to as low as 2-percent, shaving hundreds of dollars off their payments.

Greg McBride, Chief Financial Analyst for Bankrate.com says as HAMP begins to sunset, incomes and wages remain stagnant and many of those same people are still strained.

"For a lot of people their situation hasn't changed drastically in the last five years to the point where they're now able to handle those higher payments as the payments normalize," says McBride. 

Still, others don’t see the end of HAMP driving up foreclosures. For one thing, home prices are much higher in 2015, meaning fewer people are under water.

"Nobody wants to necessarily throw money at a depreciating asset,” say Mark Munzenberger, Director of Housing for GreenPath Debt Solutions, in Metro Detroit, “fortunately about 90 percent of homeowners in the United States do have some positive equity." Munzerberger also points out that the rate increases are capped at a one percent per year, meaning most people will initially only pay around $50-75 more on their monthly bills (each year).

U.S. steel makers face challenges to profits

Marketplace - American Public Media - Tue, 2015-01-27 02:00

Three big steel companies report earnings Tuesday; Nucor, AK Steel and U.S. Steel.

First, what’s good for American steel makers: the strong U.S. economy and car sales, says Benjamin Liebman, chairman of the economics department at St. Joseph’s University. But, “the other side is that you have a surge in imports. And that is putting down pressure on prices,” he says.

The other challenge? Plunging oil prices. Thorsten Schier, steel editor at American Metal Market, says that means oil drillers are doing less drilling. And drilling uses lots of steel pipe. 

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