National / International News

Big crowds for day two at Games

BBC - Fri, 2014-07-25 12:53
Scotland picks up three more gold medals as large crowds descend on Commonwealth Games venues for the second day of competition.

Bill Allowing Americans To Unlock Cellphones Passes House, Heads To Obama

NPR News - Fri, 2014-07-25 12:49

The bill also directs the Librarian of Congress to review whether the exemption should also apply to tablets and other devices.

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Key Chain Blood-Alcohol Testing May Make Quantified Drinking Easy

NPR News - Fri, 2014-07-25 12:44

Some of us now monitor our steps, sleep and calorie intake with wristbands and apps. So why not track blood-alcohol levels? We explore the next frontier in the self-measurement movement.

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Can Finishing A Big Bowl Of Ramen Make Dreams Come True?

NPR News - Fri, 2014-07-25 12:42

At his ramen shop in Cambridge, Mass., chef Tsuyoshi Nishioka wants customers to follow their dreams. His philosophy? If you can finish a bowl of his ramen, you can accomplish anything in life.

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Thousands welcome Giants to city

BBC - Fri, 2014-07-25 12:36
An estimated 100,000 people lined Liverpool's streets to welcome three giant marionettes which tell the story of the city during World War One.

How Well Does A Drug Work? Look Beyond The Fine Print

NPR News - Fri, 2014-07-25 12:35

A husband and wife who are doctors have been working on fact boxes for drugs that, like nutrition labels for foods, would more concisely convey a medicine's benefits and risks.

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As Political Disenchantment Soars, Lines At The Polls Grow Shorter

NPR News - Fri, 2014-07-25 12:30

There has been record low turnout among voters in the 2014 primaries so far. Is it political dysfunction that's made voters lose interest? And what might this mean for November's general elections?

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Drugs tests adds to Wales Games' woe

BBC - Fri, 2014-07-25 12:29
Wales' stuttering Commonwealth Games campaign took yet another blow on Friday after athletics co-captain Rhys Williams failed a drugs test.

Booming markets haven't translated to big profits on Wall Street

Marketplace - American Public Media - Fri, 2014-07-25 12:29

Markets have been setting records pretty much every other week for months, investors are making record money... and Wall Street?

Well, it’s looking a little lean.

"I think it’s really tough, even for people who are really good at it, to be honest," says Jesse Marrus, president of StreetID, a financial careers service. He says jobs on Wall Street have been drying up. "It’s definitely an ‘eat what you kill’ business, so there are people losing their positions in that space."

Why is there less of a killing to be made for Wall Street workers? 

"Trading volumes are way lower than they were," explains Max Wolff, chief economist at Citizen VC. Trading volumes - a.k.a. how many trades are done per day - is where Wall Street makes its money. Fewer trades mean a lot fewer commissions. Trading volume has been really low since the financial crisis. Last year, the number of trades was a third lower than it was in 2009.

A big reason for the low trading volume is the low level of investor enthusiasm. "It's no secret that this is one of the world’s most hated rallies," says Wolff. "It’s been pretty clear that the markets got well ahead of the macroeconomic health of the U.S. and they've stayed there. And everyone kept waiting for this correction that didn’t come and slowly, begrudgingly people jumped on board, because they couldn’t afford just to watch other people make money forever. But they didn’t believe in it and they definitely don’t want to catch the elevator ride down that everyone’s afraid may come."

So investors are putting their money in the markets and leaving it there: They’re not buying a hot new stock or selling it off based on a hot tip. Instead, they’re buying and holding. "For there to be trades, there have to be differences of opinion," says Lawrence White, a professor of Economics at the NYU Stern School of Business. "Somebody has to think, 'It’s a good time to buy!' and somebody else has to think, 'It’s a good time to sell!' When trading volumes are lower, it just means there’s less diversity of opinion, more consensus."

All of that consensus has had a very chilling impact on Wall Street. "It’s really alarming for the people who are in the broker/dealer seats that really rely on the trading volumes," says Marrus. "Despite the record highs, it’s still really hard for them to make the commissions that they were making and make the livings that they were making because the volume’s low and the volatilities are so low."

But even if volatility and volume come back, Wall Street workers probably won't be back to the good old days. Electronic trading has replaced brokers and traders to a large extent and the future Wall Street broker will probably look a lot more like Hal than a power player in a pin-striped suit.

In A Complex Web Of Tunnels, Israel Draws Its Red Line

NPR News - Fri, 2014-07-25 12:15

Both the government and the people of Israel have been determined to continue the country's ground invasion in Gaza, despite a growing wave of international criticism. Israelis have been shaken by claims that Hamas has a heavily fortified network of tunnels leading from the Gaza Strip into Israel.

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Gaza Cease-Fire Still Just Out Of Reach: What Does Each Side Want?

NPR News - Fri, 2014-07-25 12:15

Secretary of State John Kerry is trying again to broker a cease-fire between Israel and Hamas, as casualty counts rise inexorably higher. NPR's Emily Harris explains both sides' demands.

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For Islamic State, Victories In Iraq Mean Momentum In Syria

NPR News - Fri, 2014-07-25 12:15

The militant group that calls itself the Islamic State have begun a new round of fighting with the Syrian regime, surrounding a base outside its stronghold in Raqqa and launching offensives in Aleppo province and Kurdish regions. The death toll in Syria this week reportedly has reached 1,700, most of whom are combatants of one sort or another.

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Central American Leaders Stop By White House To Talk Border Crisis

NPR News - Fri, 2014-07-25 12:15

Central American presidents met with President Obama, discussing the influx of unaccompanied children crossing the border. So far, Obama has not seen eye to eye with Congress on possible solutions.

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England's Proud wins butterfly gold

BBC - Fri, 2014-07-25 12:15
Teenager Ben Proud wins England's first swimming gold of the Commonwealth Games in the men's 50m butterfly final.

Pa. Hospital Sees Gun Fight Between Psychiatrist And Patient

NPR News - Fri, 2014-07-25 12:15

On Thursday, a psychiatric patient opened fire at Mercy Fitzgerald Hospital outside Philadelphia, killing a caseworker and injuring his psychiatrist. The psychiatrist returned fire with a gun of his own, injuring the gunman. Both patient and psychiatrist survived the gun fight.

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Army War College Opens A Probe Into Sen. Walsh's Alleged Plagiarism

NPR News - Fri, 2014-07-25 12:15

The U.S. Army War College has determined in a preliminary review that Sen. John Walsh of Montana appeared to have plagiarized his final paper to earn a master's degree. An investigative panel is reviewing the evidence.

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Leading Ebola Doctor Stricken With The Disease Himself

NPR News - Fri, 2014-07-25 12:15

Dr. Sheik Umar Khan, the head doctor fighting the Ebola virus outbreak in Sierra Leone, has begun to exhibit symptoms of the disease. For more details on the situation, Audie Cornish speaks with Dr. Daniel G. Bausch, a colleague of Khan's and an associate professor at the Tulane School of Public Health and Tropical Medicine.

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CAR rebel leader rejects ceasefire

BBC - Fri, 2014-07-25 12:09
Seleka rebels in the Central African Republic reject a ceasefire deal and demand the country be partitioned between Muslims and Christians.

Butler 'crushed to death by lift'

BBC - Fri, 2014-07-25 12:09
Police investigate the death of a butler who was fatally injured while working at a Tudor mansion in Lincolnshire.

England's Rowsell wins pursuit gold

BBC - Fri, 2014-07-25 11:56
England's Joanna Rowsell wins gold in the Commonwealth individual pursuit but Jason Kenny has to settle for sprint silver.
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