National / International News

Kessler wants decider against Froch

BBC - Mon, 2014-06-02 03:14
Dane Mikkel Kessler is hoping for a third fight against IBF and WBA super-middleweight champion Carl Froch.

Trekker's mother arrives in Malaysia

BBC - Mon, 2014-06-02 03:14
The mother of missing trekker Gareth Huntley arrives in Malaysia as some 100 rescuers join the search in dense jungle.

Military burial for missing WW2 men

BBC - Mon, 2014-06-02 03:09
Three Royal Air Force airmen whose plane went missing during World War Two are to be given a military funeral after their remains were found 71 years later in Canada.

VIDEO: Quiz for Newark by-election candidates

BBC - Mon, 2014-06-02 03:06
Newark is a town under siege from outsiders ahead of Thursday's by-election for a seat in Parliament.

Trams line up 40,000 ticket sales

BBC - Mon, 2014-06-02 03:05
More than 40,000 tickets were sold over the opening weekend of the new tram line running through Edinburgh.

UK manufacturing recovery continues

BBC - Mon, 2014-06-02 03:01
The UK's manufacturing sector continued to enjoy strong growth in May, a closely-watched survey indicates.

As home prices recover, banks resume offering HELOCs

Marketplace - American Public Media - Mon, 2014-06-02 02:49

Back before the housing market imploded, there was a beast that roamed the streets of suburban America. Its name was HELOC: the home equity line of credit.

When lenders thought home prices would never stop rising, they let homeowners take equity out of their home through a line of credit, which they could use it for all kinds of purchases. But since the crisis, HELOCs -- a form of second mortgage -- have been deep in hibernation. Now, they are slowly waking. And they're hungry.

HELOCs aren't anywhere near as prevalent as they were pre-crisis. But they were up 8 percent in the first quarter over last year, in part because banks are marketing HELOCs to homeowners again.

Home prices are rebounding and the credit market is loosening, but inventories are still low, says Steve Cook, the editor of Real Estate Economy Watch: "So I think one of the things we are seeing now is a lot of homeowners deciding to remodel because now they can."

Andrew Pizor is a staff attorney at the National Consumer Law Center. He says after the financial crisis, the Consumer Financial Protection Bureau (CFPB) changed regulation and disclosure rules for traditional mortgages, but not for HELOCs.

"The CFPB said they are going to be working on that down the road, but they haven't gotten to it yet," says Pizor.

Pizor doesn't recommend HELOCs for large one-time purchases, but he says they can be a good option for establishing a long-term line of credit, as long you understand the terms of the loan.

AUDIO: Banks 'working hard' to regain trust

BBC - Mon, 2014-06-02 02:49
Banks must "rebuild trust" after the interest rate swap scandal, a banking industry representative claims.

AUDIO: UKIP councillors face Kent challenges

BBC - Mon, 2014-06-02 02:47
The BBC's Julia George discovers how UKIP's councillors are faring in Thanet in Kent.

Businesses in Seattle advocate for higher minimum wage

Marketplace - American Public Media - Mon, 2014-06-02 02:45

The Seattle city council is expected to approve a proposal to raise the city’s minimum wage to $15 an hour. That would be the highest rate for any large U.S. city, and would tie for the highest in the nation.

Surprisingly, the hike in pay has some unusual backers: leaders in the business community.

“The business community and the Chamber did not come out of the box saying, ‘Hell no. Let’s defeat this,’” says Howard Wright, CEO of the Seattle Hospitality Group. He also represented employers as co-chair of the committee.

Wright and other business-types want to avoid what happened in the nearby town of Sea Tac. When Sea Tac raised its minimum wage to $15 an hour, businesses didn’t have enough time to prepare. In order to afford the new wage law, employers cut benefits and laid off workers.

In Seattle, companies would have more time to get ready -- Small businesses would have up to seven years to implement the higher minimum wage.

Mayors in other cities like Chicago are also talking about adopting a higher minimum wage.

Brookings Institution senior fellow Alan Berube studies income inequality. According to Berube, “Seattle is out front of what is quickly becoming a national trend of big cities looking at local minimum wages as a way of addressing income inequality and keeping their cities affordable for low and moderate income citizens.”

Ex-children's home teacher in court

BBC - Mon, 2014-06-02 02:42
A former outdoor activities teacher at north east Wales care homes appears in court accused of sexually assaulting a teenage boy in the 1980s.

VIDEO: Video purports to show freed Taliban

BBC - Mon, 2014-06-02 02:33
A row erupts over the deal to swap Guantanamo Bay detainees for a Taliban-held soldier, with Republicans warning it could put Americans at risk.

Sherlock star ambushes Dench

BBC - Mon, 2014-06-02 02:23
Dame Judi Dench is to star alongside Sherlock star Benedict Cumberbatch in a forthcoming adaptation of Richard III after he ambushed her during her appearance at the Hay Festival.

VIDEO: Amateur video of Ukraine border attack

BBC - Mon, 2014-06-02 02:19
Ukraine's border service says hundreds of insurgents have mounted a sustained assault on a border guards' camp in the eastern city of Luhansk.

VIDEO: Taliban detainees 'welcomed in Qatar'

BBC - Mon, 2014-06-02 02:19
A pro-Taliban website has published a video it says shows Taliban detainees arriving in Qatar after being released from Guantanamo Bay as part of a prisoner exchange.

Husband in court over nurse death

BBC - Mon, 2014-06-02 02:12
The husband of nurse Rui Li, who was found dead in a car in Bournemouth, appears in court charged with her murder.

Trojan Horse fears 'raised in 2008'

BBC - Mon, 2014-06-02 02:12
Fears hardline Muslims were trying to extend their influence in Birmingham schools were relayed to the city council as early as 2008, a former prospective governor says.

Osborne to target foreign exchange manipulation

BBC - Mon, 2014-06-02 02:12
Chancellor George Osborne is set to announce new rules on foreign exchange trading to 'clean up the market'.

In pictures: Tiananmen protests

BBC - Mon, 2014-06-02 02:07
25 years on from student protest in Beijing

New hope to solve Genette mystery

BBC - Mon, 2014-06-02 02:01
Detectives make another attempt to solve the mystery of the disappearance of Devon schoolgirl Genette Tate nearly 36 years ago.
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