National / International News

VIDEO: Mental health issues rising - GPs

BBC - Wed, 2014-01-15 09:32
There has been a sharp increase in the number of young people suffering from mental health issues since the recession, says the Royal College of GPs.

Biceps Curls And Down Dogs May Help Lower Diabetes Risk

NPR News - Wed, 2014-01-15 09:24

Aerobic exercise reduces the risk of diabetes. But it looks like muscle-strengthening exercises help, too, according to the Nurses Health Studies. Even supposedly lighter forms of exercise like yoga and stretching reduced women's risk of developing Type 2 diabetes.

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The Koch brothers are spending on the midterm elections. Already

Marketplace - American Public Media - Wed, 2014-01-15 09:19

The midterm elections are more than nine months away, but if you live in a state where the race for a U.S. Senate seat is going to be close, it may feel like Election Day is a lot closer.

That is because political advocacy groups, including Americans for Prosperity, are pouring millions of dollars into those races. Their decision, to run ads early, goes against conventional wisdom, which says it is a better investment to air ads closer to an election.

“I’m not sure there is conventional wisdom anymore,” says Whit Ayers, a Republican political consultant and the founder and president of North Star Opinion Research.

That is thanks, in part, to outside spending. It used to be groups wouldn’t spend a dollar now, because they were worried about running out later. With many more dollars in play, the economics of campaigning have changed.

“This is a whole new world of politics, where there is certainly no cookbook on how to do things right,” Ayres says, noting conservatives see an opportunity to make the Affordable Care Act the defining issue of 2014.

“It makes a lot of sense, from my perspective, to strike while the iron is hot.”

That is what an organization called Americans for Prosperity, which is backed by the Koch brothers, is doing. I reached Tim Phillips, the group’s president, in Montana, where he just announced a $1.8 million ad buy.

“We are determined to make Obamacare front and center, the number one issue for the American people,” he says.

The organization’s strategy has been to use politicians’ words against them, as in this ad, targeting Rep. Bruce Braley (D-IA).

So far, Phillips says Americans for Prosperity has spent $22 million, adding “we expect to spend substantially more than that in coming months.”

Democrats are in a tough spot, says Steve Jarding who managed senate campaigns for Democratic candidates before he became a professor at the Harvard Kennedy School. 

“They could spend early money to try to compete with this, and actually run out of money late,” he says.

That is not something Republicans have to worry about. Jarding says that, before long, we will be inundated by ads.

"Pretty soon you have ads going essentially year-round year after year.”

And that is what groups like Americans for Prosperity want. Its president says the organization will keep at it after the election is over.

Chelsea re-sign £21m midfielder Matic

BBC - Wed, 2014-01-15 09:19
Chelsea complete the £21m re-signing of Benfica's Serbia midfielder Nemanja Matic on a five-and-a-half-year deal.

Chinese villagers build 'money wall'

BBC - Wed, 2014-01-15 09:12
Villagers in China build a wall of money after a massive payout in annual dividends from their rural co-operative.

Just how seriously should we take the latest bank earnings?

Marketplace - American Public Media - Wed, 2014-01-15 09:10

It's a big week for the big banks. Bank of America beat expectations with its earnings report today, $3.4 billion last quarter. Earlier this week, Wells Fargo announced record profit. JP Morgan had better than expected earnings.

"You can tell that the banking industry is recovering, and that our economy is on a recovering path," says Ken Carow, a finance professor at Indiana University's Kelley School of Business.

But, turns out these banking numbers maybe smell a little sweeter than they really are. The effects of the housing crisis linger on these balance sheets. Banks are writing fewer mortgages. They're facing lawsuits, government settlements.

One thing propping up these earnings reports—accountants. Big banks are adding billions of dollars from reserves that they'd set aside for loan-losses that never came to be. "Now they are reducing the reserve for the bad loans, and are going to have a positive income effect," says Anne Beatty, an accounting professor at Ohio State University. But, be very clear, "there's no cash flow associated related to this income being created. It is a pure accounting effect."

So what's a regular investor to do?

Fight back, with some math of your own.

"Do some accounting," says David Stowell, a finance professor at Northwestern University's Kellogg School of Management, "it's not easy to do, and you have to look carefully at the financial statements." But, he says, it's worth it. There's a lot of accounting noise in these earnings reports, obscuring the actual business of banking.

Ariel Sharon, Whose Life And Career Shaped Israeli History, Dies

NPR News - Wed, 2014-01-15 09:09

The former prime minister, who had been in a coma after suffering a massive stroke in 2006, died on Saturday. Sharon's career spanned the birth of the nation and most of its essential turning points. Israelis had a love-hate relationship with him that was beginning to soften only shortly before his death.

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Parents fined for term-time holiday

BBC - Wed, 2014-01-15 09:08
A couple who took their three children on a week's holiday to Greece during school term time are ordered to pay nearly £1,000 in fines and costs.

Dozens killed in Iraq bomb attacks

BBC - Wed, 2014-01-15 09:05
At least 73 people have been killed in a series of bomb attacks in central Iraq, police and medical officials say.

Britons pay to see webcam sex abuse

BBC - Wed, 2014-01-15 09:03
British paedophiles are among those paying to watch the abuse of children in the Philippines via webcams, a BBC investigation finds.

Finn 'must rediscover love of bowling'

BBC - Wed, 2014-01-15 09:02
England paceman Steven Finn has fallen "out of love" with bowling but will return to his best, says Middlesex's Angus Fraser.

Five guilty of sex attacks on girls

BBC - Wed, 2014-01-15 09:00
Two men and three teenage boys are convicted of a series of rapes and sexual assaults on young girls in Peterborough.

Islamic court tries 'gay' Nigerians

BBC - Wed, 2014-01-15 08:59
An Islamic court in northern Nigeria has put on trial 11 Muslim men accused of being homosexuals, a crime punishable by stoning to death, an official says.

Science enters $1,000 genome era

BBC - Wed, 2014-01-15 08:58
The ability to sequence a human genome for just $1,000 has arrived, a US genetic technology company has announced.

VIDEO: Clegg: 'Right for Rennard to apologise'

BBC - Wed, 2014-01-15 08:40
Lib Dem leader Nick Clegg says it is "right Chris Rennard has been asked to apologise" following an inquiry launched by the party into claims of sexual harrasment.

Springsteen lampoons US governor

BBC - Wed, 2014-01-15 08:39
New Jersey's most famous rock star Bruce Springsteen mocks the state's embattled governor Chris Christie over the "Bridgegate" scandal on television.

Woman 'in panic at Travis groping'

BBC - Wed, 2014-01-15 08:35
A radio announcer was in a "panic" as DJ Dave Lee Travis grabbed her breasts when she was broadcasting live on BBC Radio 4, his trial hears.

Call for EU to tackle extremism

BBC - Wed, 2014-01-15 08:30
The European Commission calls on EU states to do more to pre-empt violent extremism, warning that it is fuelling terrorism.

Gnome among gifts to Royal Family

BBC - Wed, 2014-01-15 08:27
A gnome, a family photograph set on a decorative ostrich egg and a set of golf clubs are among gifts received by the Royal Family in 2013.

Government defends RBS bonus policy

BBC - Wed, 2014-01-15 08:24
Both the Prime Minister and the chancellor have been defending the government's stance on bonuses for RBS bankers

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