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.
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
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
The word restructuring sounds intimidating. In construction terms, it usually means something expensive, like tearing down, or renovating. But restructuring your debt doesn't have to be expensive or overly difficulty.
In fact, whether you're an individual or a corporation, it's supposed to save you money.
One of the reasons restructuring sounds so scary is because it's often associated with bankruptcy. But you don't have to go into bankruptcy to restructure your debt. Lately companies with money problems have increasingly managed to avoid bankruptcy -- and that's creating big issues for attorneys.
This week, a Los Angeles bankruptcy law firm, Stutman Treister & Glatt, announced it's closing its doors. Why? Because companies re opting to restructure their debt by refinancing with cheap money, rather than seeking protection from their creditors under Chapter 11 of the bankruptcy code.
In other words, "restructuring" is often as simple as replacing one kind of debt with another. A refinancing is often itself a kind of restructuring, because it replaces the same amount of money owed, but at different terms: so while the principal remains the same, the interest rate may be lower, and the borrower may have to pay the loan back more quickly.
And anyone can get a restructuring: it's just a matter of asking your lender before your situation becomes critical. If you think you might have a problem keeping up your payments in the future, talk to your lender about it, and try to arrange a transition. Because if the situation becomes critical, you may find yourself in default, unable to pay and heading towards bankruptcy. And bankruptcy's bad for everyone.
Except the attorneys.
High school graduation rates have reached a new high following a decade-long campaign to raise graduation rates. A graduate wears his mortarboard with Free at Last written during the commencement ceremony for Cypress Bay High School graduates at Marlins Park on June 4, 2012 in Miami, Florida.
For the first time, high school graduation rates in the U.S. are above 80 percent. That’s according to a report called “Building a GradNation.” The study was released today by a coalition of education groups, including Civic Enterprises, the Everyone Graduates Center, America’s Promise Alliance and the Alliance for Excellent Education.
The news represents a significant improvement since 2001, when 71 percent of American teenagers graduated from high school. Researchers say several things have changed since then. One, there is better data, so the public is more aware of the problem. Two, the accountability movement in education: think "No Child Left Behind."
Robert Balfanz, co-director of the Everyone Graduates Center and a research scientist at Johns Hopkins University, says when researchers started digging into the numbers, it showed that just 12 percent of the nation’s high schools were producing nearly half of the dropouts. Those high schools are known in education circles as “dropout factories.”
John Bridgeland, CEO of Civic Enterprises and one of the principal authors of the report, says some of those “dropout factories” have closed. “But many of them were re-tooled or re-designed,” Bridgeland says. “Smaller learning environments have been created. More personalized, engaging, rigorous classrooms that keep these young people in school and on track to graduate.”
Some states have raised graduation rates dramatically. North Carolina went from a 68 percent graduation rate in 2005 to over 82 percent today.
Jim Key, area superintendent for high schools in Durham, North Carolina, says his district now starts tracking students who are potential dropouts while they are still in middle school. Then the district sends them to ninth grade a few weeks early.
“That gives them a chance to become more acclimated to high school, to build some positive relationship with a few teachers, administrators and counselors,” Key says. It just gives those students a leg up, if you will, on being prepared for high school, to understand the expectations and what’s at stake.”
What’s at stake is earning power, among other things. John Bridgeland says a high school graduate “will make $1 million more over his or her life time, than a high school dropout.”
College graduates, of course, do even better. The latest statistics, however, show that fewer high school graduates are applying to college. Just under two-thirds of the class of 2013 attended college in the fall.
By Shea Huffman/MarketplaceMarketplace for Monday April 28, 2014by Sarah GardnerPodcast Title High-school graduation rate hits 80 percent for first timeStory Type News StorySyndication SlackerSoundcloudStitcherSwellPMPApp Respond No
South Korean President Park Guen-hye was called a "capricious whore who asks her fancy man to do harm to other person while providing sex to him." The "fancy man" in question: President Obama.