National / International News

Vicar loses harassment job appeal

BBC - Thu, 2015-04-30 02:21
A vicar who claimed he was the victim of a four-year campaign of hate loses his unfair dismissal case at the Court of Appeal.

More Nigerians 'freed from Boko Haram'

BBC - Thu, 2015-04-30 02:16
Nigeria's military says it has freed another 160 more people during its offensive against Boko Haram militants in the vast Sambisa forest.

Rail 'chaos' after power outage hits

BBC - Thu, 2015-04-30 02:14
Thousands of rail passengers endure huge delays after an electrical supply problem in south London affected trains in and out of the city.

No compensation for Woolworths staff

BBC - Thu, 2015-04-30 02:13
Thousands of former staff at Woolworths stores will not receive compensation for redundancy, following a European Court of Justice ruling.

Grandfather guilty of baby murder

BBC - Thu, 2015-04-30 02:03
A south Wales man is found guilty of murdering his five-week-old granddaughter.

Skip A Grade? Start Kindergarten Early? It's Not So Easy

NPR News - Thu, 2015-04-30 02:03

New research calls for a fresh look at policies on jumping gifted students ahead.

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VIDEO: Nepal trekker 'grateful to be alive'

BBC - Thu, 2015-04-30 02:02
A woman from the New Forest says she is grateful to be alive after being caught up in the earthquakes in Nepal.

Godleman banned for dangerous throw

BBC - Thu, 2015-04-30 02:02
Derbyshire batsman Billy Godleman is banned for two games for a dangerous throw during the game against Gloucestershire.

DARD's Ballykelly HQ plans unveiled

BBC - Thu, 2015-04-30 02:01
Plans for a new DARD headquarters are unveiled as the minister says 1,500 civil servants have expressed an interesting in moving to Ballykelly.

The NFL draft comes to Chicago

Marketplace - American Public Media - Thu, 2015-04-30 02:00

On Thursday, Chi-Town becomes Draft Town — the NFL Draft, that is.

It’s the first time since 1964 the draft has been anywhere other than New York, and Chicago officials are ecstatic to host the three-day “fan festival." The city won its bid to host this year’s NFL draft, and it's going big.

There’ll be football clinics for kids, a replica of an NFL locker room, and Buckingham Fountain will reflect team colors during the draft. Over the top?

“I don’t believe that the term 'over the top' is something that could apply to the NFL, because everything they do is over-the-top,” says Todd Jewell, who teaches finance at Texas State. He adds that the payoff for Chicago is lots of buzz.

But having won the bid, the city will spend $3 to $4 million on this extravaganza. Robert Baade, who teaches economics at Lake Forest College calls it the "winner’s curse.”

He says even though the city promised not to spend public money on this, it will hit taxpayers one way or another. The real winner, he says, is the NFL, especially if cities start bidding for the draft every year.

Ben Bernanke joins Pimco

Marketplace - American Public Media - Thu, 2015-04-30 02:00

Former Federal Reserve Chairman Ben Bernanke has scored his second advisory gig in the past month. He recently announced he’d advise hedge Citadel LLC. Now he’ll also offer his economic expertise to money management giant Pacific Investment Management Company, or Pimco.

It manages about $1.6 trillion in assets for public and private retirement plans, among other customers.  

Bernanke will advise Pimco following a period of turmoil at the firm. Investors pulled money from Pimco funds after co-founder Bill Gross left last year.

Bernanke is the second high-profile economist the firm has recently hired to burnish its macroeconomic forecasting credentials. And Bernanke’s familiarity with Fed personalities and decision-making could be an added benefit.

"All markets, all security prices, are impacted by what the Fed does, what the Fed may do, and what it’s thinking,” says Jim Paulsen, chief investment strategist at Wells Capital Management, a Pimco competitor.

Paulsen says Bernanke could give Pimco especially pertinent insights into the conditions under which officials would raise interest rates.

“It would be very important information flow for asset managers that are going to lay down bets on what the direction of interest rates is,” Paulsen says.

But Bernanke's advisory role at Pimco makes Russell Campbell uncomfortable. He's the chief executive of Your Second Opinion LLC, which consults with small asset management companies.

“It raises policy implications about who's influencing who and who has direct access,” he says. “He can probably pick up the phone and call the president. There's only so many people that can do that.”

The Securities Exchange Commission, not the Fed, oversees Citadel and Pimco. Bernanke could not be reached for comment about his pay at either appointment.

Eurozone exits deflation in April

BBC - Thu, 2015-04-30 02:00
The eurozone scraped out of deflation in April after four months, official data shows, boosting hopes of economic recovery in Europe.

Bitcoin gets a bit of a bump

Marketplace - American Public Media - Thu, 2015-04-30 01:58
10

That's the version of Windows that Microsoft showed off Wednesday, skipping Windows 9 and what tech correspondent Molly Wood called "a bit of a prom king moment." Between the new operating system and HoloLens, the tech giant could finally be delivering on the comeback it's been promising for years, earning back some cool to go along with its resilient pile of cash.

$1.6 trillion

That's the worth of assets in public and private retirement plans directed by money management giant Pacific Investment Management Company, or Pimco. And who is advising them on how to manage those assets? Former Federal Reserve Chairman Ben Bernanke

1,265

The number of earnings calls from 2007 to 2014 in which analysts told companies they had a "great quarter, guys," according to an analysis by Bloomberg. Turns out a "great quarter, guys" doesn't always mean things are going all that great. In fact, 66 companies heard they were coming off a "great quarter, guys" at the start of 2008, just a few months before the economy tanked.

$50 million

That's how much money Goldman Sachs, along with a Chinese investment firm, is committing to Circle Internet Financial, a start-up focused on the technology behind Bitcoin. As the NY Times reports, it's a significant vote of confidence for the digital currency's potential legitimacy. 

$21 billion

That's the size of the Swiss watch market, as of last year, and it's a market Apple has to tap into with its new smart watch. While tech coverage has been exhaustive, we've heard relatively little from the other world Apple is straddling with the Watch. The Verge sat down with John Tarantino, head of the mechanical watchmaker Martenero, getting his impressions of the Watch and whether he considers it a threat to his business.

$100 million

Once valued at $100 million, anonymous phone app Secret will soon be no more. Founder David Byttow said the app has drifted from his original vision, and so he has decided to call it quits. As reported by BBC Tech, the company will return some of its $35 million in funding to investors.

Valuables saved from mansion fire

BBC - Thu, 2015-04-30 01:49
A "significant" number of valuable antiques are saved from a devastating fire at an 18th Century stately home, the fire service says.

Warner rethinks quake film marketing

BBC - Thu, 2015-04-30 01:48
Film studio Warner Bros will review its promotional campaign for disaster movie San Andreas following the recent Nepal earthquake.

Bezos conducts New Shepard flight

BBC - Thu, 2015-04-30 01:46
Blue Origin, the US space company set up by Amazon entrepreneur Jeff Bezos, says it has conducted the first test flight of a new sub-orbital vehicle, reaching an altitude of 93km.

Pakistan jails 10 for Malala attack

BBC - Thu, 2015-04-30 01:46
A court in Pakistan has jailed 10 men for life for the 2012 gun attack on education activist Malala Yousafzai, media reports say.

Comic Toksvig forms political party

BBC - Thu, 2015-04-30 01:37
Comedian Sandi Toksvig reveals she quit BBC Radio 4's News Quiz to set up a new political party named the Women's Equality Party.

VIDEO: Cat chat: Can felines talk to humans?

BBC - Thu, 2015-04-30 01:33
An American vet has claimed to have decoded the language that cats use, believing that cats use more than a dozen sounds, each having its own meaning.

With Only One Runway, Kathmandu's Airport Hinders Earthquake Relief

NPR News - Thu, 2015-04-30 01:15

There's gridlock at Nepal's international airport. That has complicated efforts to get goods and supplies into the country after Saturday's earthquake.

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