National / International News

VIDEO: Toronto Mayor Rob Ford leaves rehab

BBC - Tue, 2014-07-01 00:25
Toronto Mayor Rob Ford says he is "ashamed, embarrassed and humiliated" by his behaviour after leaving rehab following two months of intensive treatment.

VIDEO: Ukraine president ends ceasefire

BBC - Tue, 2014-07-01 00:20
Ukraine's President says the ceasefire with Russian separatists in the east of the country is over and that Ukrainian forces will go on the offensive.

Israel: Hamas to pay for killings

BBC - Tue, 2014-07-01 00:06
Israel vows retribution against Hamas, the militant Palestinian group it says kidnapped and murdered three teenagers in the occupied West Bank.

Need protection? Consider a collar!

Marketplace - American Public Media - Tue, 2014-07-01 00:00

If you've been following the stock market closely, you've probably read or listened to news stories where pundits and reporters describe the market as "frothy," "toppy," and "overheated."  Translation: we could be in for a big correction. 

Note use of the words "could be." The fact is, the stock market could continue on a tear. Or it could keep going up, up, up. No-one really knows.

It's not the upside you're worried about right now - it's the downside. You're probably not worried about what you might make in the future: you're looking back at the huge gains we've made in the market, and that's getting you worried about what you might lose.

You need protection. You need insurance against loss. But just like insurance against the loss of your car or your house or your life, insurance isn't free, and it can be very expensive.

In the stock trading world, insurance against loss is called a "put." In a put, you pay another investor a certain amount of money per share to sell your shares to her at a certain price.

Say you own 100 shares in Cadbottom Inc. Right now, the shares have risen to $2,005 a share, but you're worried they're going to fall. You purchase a put from your friend Helen, so that if the shares fall below $2,000 a share — called the strike price — she will buy them all from you for $2,000 each.

This put costs you $10 per share, or a total of $1,000. But there is a way to get your insurance for free.

You do this by selling a "call." A call is the right to buy shares at a certain price. You have another friend, Joan, who is prepared to pay you $10 per share for the right to buy your stock in Cadbottom if it rises above $2,010 per share.

Place a put and a call together, and you've got a collar.

Well done! You have now protected your investment from losing more than $2000 a share, and you did it for free! The only downside is that if the market in Cadbottom does really well, and the shares rise above $2010 each, you won't benefit, because you'll have to sell them to Joan. Doubtless, she'll be jeering at you, but you'll have a sack full of cash, and she'll be the one worrying about insurance. 

Motorcyclist killed in collision

BBC - Mon, 2014-06-30 23:56
A motorcyclist is killed in a collision in County Antrim.

Terror laws 'hinder aid operations'

BBC - Mon, 2014-06-30 23:54
Anti-terrorism laws around the world are preventing aid agencies reaching people in desperate need, UN humanitarian chief Valerie Amos warns.

Hamas Member Killed In Israeli Raid After 3 Teens Found Dead

NPR News - Mon, 2014-06-30 23:54

A Palestinian was shot dead when he threw a grenade at forces carrying out an arrest raid hours after the discovery of the bodies of 3 Israeli teenagers who had been abducted, Israel's military said.

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Slavery reports 'tip of iceberg'

BBC - Mon, 2014-06-30 23:34
Reported cases of slavery in Wales are the "tip of the iceberg" a government expert says.

Ocado swings to half-year profit

BBC - Mon, 2014-06-30 23:27
Online grocer Ocado reports a profit for the first half of its financial year, a period which saw the start of its link up with supermarket chain Morrisons.

Four men held in gunshots inquiry

BBC - Mon, 2014-06-30 23:26
Four men are arrested on suspicion of firearms offences after shots were reported to have been fired in Whitehaven.

VIDEO: Robots to help treat stroke patients

BBC - Mon, 2014-06-30 23:17
A new project is aiming to get robots to help stroke patients regain their movement.
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