National / International News

Facebook admits failings over study

BBC - Fri, 2014-10-03 03:15
Facebook says it will change the way it does research, but stopped short of apologising for a controversial experiment it conducted this year.

Talks accepted amid HK stand-off

BBC - Fri, 2014-10-03 03:12
Protesters blockading key parts of Hong Kong agree to talks with the government, hours after Chief Executive CY Leung rejected calls to step down.

VIDEO: Fake bomb detectors 'incredibly dangerous'

BBC - Fri, 2014-10-03 03:08
Det Con Joanne Law shows the BBC's Caroline Hawley how fake bomb detectors produced by Joan and Sam Tree were meant to work.

U.S. Manufacturing: A Remembrance And A Look Ahead

NPR News - Fri, 2014-10-03 03:06

A century ago, U.S. manufacturers were building a mountain of wealth that unskilled workers could climb. Today, economists see U.S. factories flourishing but say workers will see fewer opportunities.

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Salmon stocking for rivers to stop

BBC - Fri, 2014-10-03 03:02
Salmon stocking is to be phased out on Welsh rivers from next year in a move aimed at boosting their numbers.

PODCAST: Planes, trains, and billionaires

Marketplace - American Public Media - Fri, 2014-10-03 03:00

First up, there's news the American labor market was stronger than expected in September and payroll numbers were revised upward in July and August as well. The government said today that payrolls were 248,000 higher last month--There was a lot of hiring in retail, construction, and health care. And the unemployment rate fell from 6.1 to 5.9 percent. We'll also take a look at Brazil, where the economy's faltering, and there was civil unrest in the last year with people fed up with the quality of government services. The worst country for stocks during the month of September was Brazil, with traders selling stocks each time they saw  incumbent president Dilma Roussef, doing better ahead of the first round of elections this Sunday. The business community has generally embraced the candidacy of a rival, Marina Silva, whose fortunes have see-sawed. More on that. Plus, billionaires love trains. Warren Buffett's got the Burlington Northern, and Bill Ackman's hedge fund is the largest investor in Canadian Pacific, the second-largest railroad in Canada, which just announced a plan to double its profits in the next four years

Coach posed as woman to trick boys

BBC - Fri, 2014-10-03 02:58
A football coach who posed as a woman on the internet is found guilty of encouraging more than 50 boys to carry out sexual acts via webcam.

Venezuela murder blamed on far right

BBC - Fri, 2014-10-03 02:34
Venezuelan President Nicolas Maduro blames right-wing opposition groups at home and abroad for the murder of governing party lawmaker Robert Serra.

Sporting 'pressured' to sell Rojo

BBC - Fri, 2014-10-03 02:27
Sporting Lisbon were under pressure from third-party owners to sell Marcos Rojo to Manchester United, says the club president.

Yarnold aiming for Olympic history

BBC - Fri, 2014-10-03 02:22
Lizzy Yarnold says she is aiming to become the first person in history to successfully defend an Olympic skeleton crown.

VIDEO: Taking a ride with Uber founder

BBC - Fri, 2014-10-03 02:21
Rory Cellan-Jones talks to Uber co-founder Travis Kalanick, about his firm's business model.

Man who raped woman in lane jailed

BBC - Fri, 2014-10-03 02:07
A 26-year-old man is jailed for six years for raping a 29-year-old woman in a lane in Glasgow city centre.

Japan eruption: 16 still missing

BBC - Fri, 2014-10-03 02:06
Sixteen people are still missing following the eruption of Mount Ontake last Saturday which killed at least 47, say officials in Japan.

How substituting chicken for beef affects inflation

Marketplace - American Public Media - Fri, 2014-10-03 02:00

As Marketplace celebrates its 25th birthday this year, we are looking at the surprising, sometimes delightful and sometimes destructive ways that prices have changed during that quarter century.

This time, we're talking about the time policymakers tinkered with the government's official measure of retail inflation, the Consumer Price Index.

That's calculated by monitoring the changing prices of a pre-determined basket of goods. But what goes into that basket can change your view of inflation, as proven back in the 90s when the Boskin Commission convened to address the rising cost of COLAs (Cost-of-Living Adjustments) for social security.

Money manager and Bloomberg and Washington Post columnist Barry Ritholtz remembers what happened next.

Click the media player above to hear Barry Ritholtz in conversation with Marketplace Morning Report host David Brancaccio.

Silicon Tally: Cafe au...underwear?

Marketplace - American Public Media - Fri, 2014-10-03 02:00

It's time for Silicon Tally! How well have you kept up with the week in tech news?

This week, host Ben Johnson takes on Marketplace reporter Tracey Samuelson.

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Hedge-fund-backed Canadian railroad aims high

Marketplace - American Public Media - Fri, 2014-10-03 02:00

The humble railroad is a hot investment, thanks in part to crude oil. 

Warren Buffett's Berkshire Hathaway bought Burlington Northern Santa Fe Corporation in 2009. Bill Ackman's Pershing Square became the largest shareholder in Canadian Pacific Railroad in 2012. 

Both have profited from the rise of rail transportation of crude oil.

"Canada’s growth in ‘crude by rail’ has really been tremendous," says Sarah Emerson, managing principal at ESAI Energy. Emerson says the 300,000 barrels a day transported by Canadian rail is twice what it was in 2012. 

"I think [crude is] important," says Jeff Nelson, analyst at Edward Jones & Co. But he cautions that it's not the most important factor for Canadian Pacific's bottom line. "I mean, look, it's still small," he says. 

Crude oil is 6 percent of the railroad's cargo, according to its latest investor book. In the last two years, the railroad has done well largely by becoming more efficient, as Hunter Harrison—the CEO installed after a proxy battle waged by Bill Ackman—has closed railyards and laid off nearly 1/6 of its workforce. But this was only phase one of Harrison's plan, according to Nelson. "Phase two is about revenue growth," he says.

Doubling the company's profits will require growth throughout its business, which includes transporting grain, automobiles and fertilizer. "This plan doesn't work in a recession," says Nelson.

To handle the growing traffic while maintaining efficiency will be a challenge. 

"He doesn't have many options," says Steve Ditmeyer, professor of railway management at Michigan State University. "He can run longer trains. He can run trains faster."

In other words, for Canadian Pacific, it's full steam—or fossil fuel—ahead.

CORRECTION: The original version of this story incorrectly described Pershing Square Capital Management as having bought a majority stake in Canadian Pacific Railroad in 2012. In fact, Pershing Square became the largest shareholder in Canadian Pacific Railroad in 2012, though it did not acquire a majority stake. The text has been corrected.

'Nothing to lose with Rooney Rule'

BBC - Fri, 2014-10-03 01:56
A key architect of the NFL's 'Rooney Rule' believes British football "has nothing to lose" by adopting a similar regulation.

Thai police parade murder suspects

BBC - Fri, 2014-10-03 01:43
Two Burmese men who Thai police say admit killing British tourists Hannah Witheridge and David Miller appear at a news conference.

Ebola patient arrives in Germany

BBC - Fri, 2014-10-03 01:37
A hospital in the German city of Frankfurt-on-Main takes in an Ebola patient after he is flown in during the night under tight security.

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