National / International News

Weekly wrap: Cashing out

Marketplace - American Public Media - Thu, 2014-07-03 13:40

We discuss the week that was with Sudeep Reddy from the Wall Street Journal and Linette Lopez from Business Insider. The magical number this morning was 288,000, which Lopez claims made today “a pretty good day.”

But be wary, Reddy warns. Getting through the issues the economy currently faces is “a whole other story,” he says.

UK planned to train Syrian rebels

BBC - Thu, 2014-07-03 13:30
The UK drew up plans to train and equip a 100,000-strong Syrian rebel army to defeat President Bashar al-Assad, BBC Newsnight has learned.

Obama: Immigration reform could lead to growth

Marketplace - American Public Media - Thu, 2014-07-03 13:23

In his interview with Kai, President Obama said that the economy could see $1.4 trillion in additional growth if the government passed immigration reform.

Believe it or not, there are two $1.4 trillion figures the White House has mentioned when it comes to immigration reform and they mean two completely different things: One comes from the Congressional Budget Office. And one comes from the Center for American Progress.

At the heart of both is the idea that citizenship brings higher wages. That's something multiple researchers have studied, including Madeleine Sumption with the Migration Policy Institute.

"We found that citizens earn between 50 percent and two thirds more than non-citizens," she says. "Most of that is explained by the fact that citizens are more educated and they speak better English and they've been in the country for longer."

But, she says, once you control for those factors, citizens still get a 5 percent wage boost or more.

More wages means more spending and more tax revenue. The Center for American Progress added up the ripple effect of that and got … $1.4 trillion in GDP growth over ten years.

"The $1.4 trillion in our report was more of a hypothetical thing," says Patrick Oakford, who co-wrote that report. "What if they got legal status and citizenship status right away."

That report also looked at different timelines for naturalization with different economic outcomes. Big picture: the timing of citizenship matters for economic growth.

But of course in the immigration debate, there is no overnight path to citizenship. The Congressional Budget Office scored the Senate's actual bill, with its decade-plus path, and came up with … about $1.4 trillion in growth over twenty years.

Manual Pastor directs the Center for the Study of Immigrant Integration at the University of Southern California.

"The numbers, the $1.4 trillion, look very much the same," he says. "But the difference is one is scoring the actual legislation and the other is a thought exercise."

The CBO looked at comprehensive immigration reform which is about more than just the path to citizenship.

VIDEO: Smart phone captures space shots

BBC - Thu, 2014-07-03 13:18
Students have captured images of the earth from space after launching their own mission.

In A Battle For Web Traffic, Bad Bots Are Going After Grandma

NPR News - Thu, 2014-07-03 13:13

"Bad" Web bots are going after everyone they can, but why? Because by hijacking Grandma's computer, they make it look as if she visits a site often, thus making the site more valuable to advertisers.

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GSK China mass bribery 'credible'

BBC - Thu, 2014-07-03 13:01
Claims that pharmaceutical giant GlaxoSmithKline systematically bribed doctors in China are credible, says an investigator hired by the firm.

Gatlin beats returning Gay in 100m

BBC - Thu, 2014-07-03 13:00
Justin Gatlin beats the returning Tyson Gay in the 100m at the Diamond League meeting in Lausanne.

UK airports 'normal' after warning

BBC - Thu, 2014-07-03 12:56
UK airports say they are running as usual, after the US urges tightened security amid warnings of a "credible" terrorism threat.

Deportation Threat Doesn't Diminish Young Migrants' U.S. Hopes

NPR News - Thu, 2014-07-03 12:56

The U.S. is returning unaccompanied minors to their home countries. But life in Guatemala, where many of them are from, is so hard, they say they'll keep trying until they succeed.

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Scolari confident of World Cup glory

BBC - Thu, 2014-07-03 12:51
Brazil coach Luiz Felipe Scolari says his side are three steps away from World Cup glory and rejects criticism of his methods.

Red State Democrats Tread Lightly On Hobby Lobby Ruling

NPR News - Thu, 2014-07-03 12:48

Some Democratic Senate hopefuls have to be more measured than others in their responses to the recent Supreme Court decision.

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Opening ceremony launches Tour

BBC - Thu, 2014-07-03 12:45
Participants in the Tour de France parade through the centre of Leeds before taking part in the opening ceremony.

Crashed lorry acid spill shuts M11

BBC - Thu, 2014-07-03 12:44
A lorry overturns on a motorway in Essex and spills a large amount of acid across both carriageways, closing the M11.

Jobs Numbers Buoy Dow Above 17,000 For The First Time

NPR News - Thu, 2014-07-03 12:27

The Dow rallied on better-than-expected news from the jobs market. The S&P also closed higher, continuing its positive run.

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Colombia Gives Federal Workers Afternoon Off To Watch Soccer Match

NPR News - Thu, 2014-07-03 12:13

Local governments are also starting to follow suit. Undefeated thus far, the Colombian national team has provoked euphoria.

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Iran Nuclear Negotiations Try To Hurdle Impasse As Deadline Nears

NPR News - Thu, 2014-07-03 12:09

Iran and six world powers are saying they want to agree upon a nuclear deal this month. Troublingly, Iranian officials now appear to be laying the ground work for an excuse should the talks fail. They also don't appear to be preparing for significant reductions in its uranium enrichment capacity, which the U.S. says is critical to any agreement.

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Lawmakers' Step Back Toward Disclosure Driven By Optics

NPR News - Thu, 2014-07-03 12:09

The House Ethics Committee is undoing a recent change to its annual financial disclosure form that deleted information about free trips members have taken. Members had explained the change as a way to streamline paperwork, particularly when more detailed information is available elsewhere. They decided the bad publicity wasn't worth the trouble.

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Export-Import Controversy Gives Rise To A Tale Of Two Washingtons

NPR News - Thu, 2014-07-03 12:09

While a debate rages over the future of the Export-Import Bank in Washington, D.C., the bank's potential demise has drawn warnings from the other Washington — Washington state. Ashley Gross of KPLU reports that businesses, labor unions and politicians are raising alarm bells about potentially severe consequences.

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In June Jobs Numbers, Signs For Optimism

NPR News - Thu, 2014-07-03 12:09

The job market improved in June, as employers added 288,000 workers to their payrolls and the unemployment rate fell to 6.1 percent. In another welcome development, the ranks of the long-term unemployed declined.

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