National / International News

VIDEO: New twist in Banksy mural saga

BBC - Thu, 2014-07-24 03:48
There are questions over the ownership of the Banksy Spy Booth mural in Cheltenham, as Steve Knibbs reports.

Caption Challenge: Flying piano

BBC - Thu, 2014-07-24 03:33
It's the Caption Challenge. Oh yes it is.

Fewer young smokers and drinkers

BBC - Thu, 2014-07-24 03:26
Smoking, drinking and drug use among secondary school pupils have more than halved over the past 10 years, figures show.

Day in pictures: 24 July 2014

BBC - Thu, 2014-07-24 03:24
24 hours of news photos: 24 July

Gaza Conflict Day 17: Here's What You Need To Know

NPR News - Thu, 2014-07-24 03:24

For the first time since Tuesday, the Federal Aviation Administration is allowing flights to Israel. The death toll in Gaza has now surpassed 700.

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Man Utd 'not balanced' - Van Gaal

BBC - Thu, 2014-07-24 03:23
New Manchester United boss Louis van Gaal says his squad is imbalanced, despite beating LA Galaxy 7-0 on Wednesday.

Aid workers shot dead in Herat

BBC - Thu, 2014-07-24 03:18
Gunmen in Afghanistan shoot dead two Finnish women working with an international aid organisation in the western city of Herat.

Protests target Israel football club

BBC - Thu, 2014-07-24 03:08
Pro-Palestinian protesters disrupt a football match in Austria between the Israeli club Maccabi Haifa and French team Lille.

Norway in Syria-linked terror alert

BBC - Thu, 2014-07-24 03:01
Norway is boosting security because of an imminent threat from people linked to Islamist militants in Syria, Norway's intelligence chief says.

PODCAST: Breaking the glass ceiling

Marketplace - American Public Media - Thu, 2014-07-24 03:00

The U.S. Securities and Exchange Commission has voted to change the way money market funds work. More on that decision. Plus, more on a new study shows that women and minority leaders tend to be punished for focusing on diversity, while white men are rewarded for the same behavior. Also, with the influx of young migrants detained at the Southwest border this year, we take a look at the countries from which most are fleeing: Honduras, Guatemala, and El Salvador.

Debating corporate tax inversions

Marketplace - American Public Media - Thu, 2014-07-24 03:00

Corporate tax inversions are the latest topic of debate on Capitol Hill. Allan Sloan, senior editor at large for Fortune magazine, appeared before the Senate Finance Committee on Tuesday to talk about  international taxation and ways to reverse American companies reincorporating overseas.

Click the media player above to hear Allan Sloan in conversation with Marketplace Morning Report host David Brancaccio to explain the maneuver, why it’s happening, and what government should do to regulate it. 


Some bond insurers oppose Detroit's bankruptcy plan

Marketplace - American Public Media - Thu, 2014-07-24 03:00

Retirees and employees have voted to accept benefit cuts under Detroit’s bankruptcy blueprint, but not all creditors are on board. Two of the biggest holdouts are bond insurers.

Some are cooperating with Detroit’s plan, but not Syncora Guarantee Inc.

“They’re fighting tooth and nail against the city’s proposed settlement, because it’ll cost them money,” says Alan Schankel, a municipal research analyst at Janney Montgomery Scott.

Syncora and Financial Guaranty Insurance Co. (FGIC) insured almost $1.5 billion of Detroit’s pension debt. The city is offering ten cents on the dollar, or less. That may not be enough.

“Bond insurers got in a lot of trouble in the 2008 crisis. A lot of them were investing in some very exotic derivatives and other things,” says Eric Scorsone, a public finance economist at Michigan State University.

Syncora was insuring mortgage backed securities and other complicated financial products, says analyst Alan Schankel. As the housing crisis hit, Syncora lost capital and its AAA rating.

This all comes at a time when fewer muni bonds are even getting insured. Schankel says before the financial crisis, more than half of new bonds got insurance.

“This year to date that percentage is 4.85 percent,” he says, calling it a precipitous drop.

He believes marketshare will improve over time. The question is whether it will happen in time for Syncora. 

Deadly ambush on Iraq prison convoy

BBC - Thu, 2014-07-24 02:58
Suicide attackers mount a bomb and gun attack on a prison convoy in Iraq, killing 51 prisoners and nine police officers, security sources say.

Privacy regulator to get more money

BBC - Thu, 2014-07-24 02:57
The Information Commissioner's Office is to receive more funding so it can monitor the implications of the controversial new "emergency" data law.

VIDEO: The rehydration unit in an Indian slum

BBC - Thu, 2014-07-24 02:57
An Indian charity has set up a rehydration unit in their health centre to ensure local people get access to oral rehydration therapy

Jobs go at troubled car parts firm

BBC - Thu, 2014-07-24 02:50
A car parts firm goes into administration with the loss of 1,244 jobs, including 78 in Wales.

Air Algerie: Jet Likely Crashed In Mali With 116 Aboard

NPR News - Thu, 2014-07-24 02:34

The MD-83 aircraft was about an hour into its flight from Ouagadougou in Burkina Faso to Algiers. It was carrying 110 passengers and six crew members.

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VIDEO: Witnesses describe two hour execution

BBC - Thu, 2014-07-24 02:32
Victims' family speak out, saying they don't believe inmate Joseph Wood was 'suffering' after a two-hour execution in Arizona.

Farah out of Commonwealth Games

BBC - Thu, 2014-07-24 02:27
Double Olympic gold medallist Mo Farah withdraws from the Commonwealth Games in Glasgow because of illness.

VIDEO: Meet the 'Women Against Feminism'

BBC - Thu, 2014-07-24 02:25
The young women who say they don't need feminism

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