National / International News

A very merry Christmas for Apple

Marketplace - American Public Media - Tue, 2014-12-30 02:00
$8 million

The University of Michigan is expected to announce Tuesday a deal that would make Jim Harbaugh its next head football coach. In addition to his career on the field, Harbaugh has coached for both Stanford and the San Francisco 49ers. His NFL pedigree will earn him a pro-football salary; some estimates put his expected salary as head coach to be in the range of $6 million to $8 million. 

1 of 2

The parts released so far in the Intercept's exclusive and (ahem) serialized interview with Jay Wilds, a key figure in the investigative podcast "Serial." Host Sarah Koenig couldn't get Wilds on tape in her reporting, but he's speaking out now that "Serial" has concluded its first season, giving his side of the cold case Koenig was exploring.

51.3 percent

In its annual Christmas report, Flurry found that 51.3 percent of devices activated over the holiday were Apple products. This compared with 17.7 percent for Samsung, and 5.8 percent for Nokia, as reported by Tech Crunch.

60 million

The rough number of page views the various sites owned by Emerson Spartz rack up in a month. That's according to a recent New Yorker profile, which paints Spartz as the boy king of "viral content."

94 percent

That's the percentage global investment in Japan is down this year; the smallest annual amount since 2008. As Bloomberg reports, the dwindling numbers are mostly due to Prime Minister Shinzo Abe's "Abenomics," which have sent Japan into a recession.

Consumer confidence on the rise at year-end

Marketplace - American Public Media - Tue, 2014-12-30 02:00

Consumer confidence has been trending upward during 2014, with both the Reuters/University of Michigan survey and the Conference Board survey back to pre-recession levels.

“People expect the economy to improve, and their personal finances to improve,” says economist Chris Christopher at IHS Global Insight.

The stock market has recently hit records, boosting higher-income households, many of which have regained and surpassed their level of wealth before the recession. But middle-income households remain in the red, on average, since the recession. Long-term unemployment is still stubbornly high, wages are barely outpacing inflation, and millions of workers have dropped out of the labor force altogether.

But Bernie Baumohl at the Economic Outlook Group says the overall economic picture is still overwhelmingly favorable: “We’ve got the best job growth that we’ve seen in 14 years. Companies as well as consumers are benefiting from lower gas prices, and from the lowest borrowing costs in history.” Baumohl still cautions that until the global economy returns to health and U.S. trading partners rebound, U.S. companies might not feel optimistic enough to go on a big hiring spree or raise wages.

Michigan offers big payday to revive football fortunes

Marketplace - American Public Media - Tue, 2014-12-30 02:00

The University of Michigan is expected to announce Tuesday a deal that would make Jim Harbaugh its next head football coach.

Harbaugh was an All-American quarterback for Michigan and played 15 years in the NFL, in addition to coaching at Stanford, and most recently with the San Francisco 49ers.

Harbaugh’s contract is expected to make him among the highest paid coaches in college sports, in the range of $6 million to $8 million per year.

Even though Michigan has fallen as a football powerhouse, Forbes says only Texas and Notre Dame bring in more revenue. 

"From a strictly financial point of view, it's already paid off, they'll make more money off of him by lunch today," says author and commentator John U. Bacon.

Bacon has written has written several books about Michigan football. He says the jump in season-ticket sales alone will more than pay Harbaugh’s contract, and if he can revive the storied Michigan-Ohio State rivalry, the entire Big Ten might profit.

"If you get that going, guess what? TV ratings go up. TV drives all of this. Not some of it, all of it," says Bacon.

These days it isn’t just the University of Michigan's of the world that are willing to offer pro money to land their coach. More and more Division One teams are willing to pay millions of dollars to satisfy their fans, which was practically unheard of a decade ago.

"You know, really the theme here is brand revival," says Patrick Rishe, a sports economist at Webster University.

Rishe says Michigan essentially had to offer dollars, partly to compete for a coach of Harbaugh’s ilk, but more importantly, “to also show their fans they're serious about trying to get back into the fray," he says.

Rishe says the real question all along wasn’t whether Jim Harbaugh was worth the money Michigan was offering, but whether he would leave the NFL.

Network Rail boss will not take bonus

BBC - Tue, 2014-12-30 01:59
Network Rail chief executive Mark Carne says he will not take his bonus, following recent major rail disruption.

Bahraini top Shia 'fuelled violence'

BBC - Tue, 2014-12-30 01:59
Bahraini Shia opposition leader Sheikh Ali Salman is remanded in custody on suspicion of inciting violence and hatred to achieve political change.

West Brom in Sherwood & Pulis talks

BBC - Tue, 2014-12-30 01:58
West Brom are in talks with Tim Sherwood and Tony Pulis about their manager's job after Alan Irvine was sacked, BBC Sport learns.

Heavy shooting in Gambian capital

BBC - Tue, 2014-12-30 01:49
Heavy gunfire erupts near the presidential palace in The Gambia, while head of state Yahya Jammeh is out of the country.

Top memes and viral videos of 2014

BBC - Tue, 2014-12-30 01:30
The biggest memes and viral ads of the past year

The state of manufacturing in the states

Marketplace - American Public Media - Tue, 2014-12-30 01:30

Stephan Richter, editor in chief of The Globalist, has a question: What percentage of of U.S. jobs does the manufacturing sector account for today?

But more to the point, are those jobs part of an industry renaissance, or are they a new kind of employment that in reality, is not as good as it sounds?

Richter joined Marketplace Morning Report host David Brancaccio to talk about the danger of heralding the return of manufacturing to the U.S.

Click the media player above to hear more.


Name given after fatal bus collision

BBC - Tue, 2014-12-30 01:24
Police release the name of a woman who died after being knocked down by a bus in Lisburn, County Antrim.

Searchers Retrieve Six Bodies From Indonesian Waters

NPR News - Tue, 2014-12-30 01:21

The discovery came after several pieces of red, white and black debris were spotted in the Java Sea near Borneo island. AirAsia planes are red and white.

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Newcastle duo take temporary charge

BBC - Tue, 2014-12-30 01:18
John Carver and Steve Stone will be in charge for Newcastle's next two matches with Alan Pardew set to join Crystal Palace.

FTSE falls on Greece and oil woes

BBC - Tue, 2014-12-30 01:05
London's leading shares fall in early Tuesday trading as fears persist over Greece's bail-out programme and the price of Brent crude falls further.

Cycling's cheerleader for change

BBC - Tue, 2014-12-30 01:04
Shorter Grand Tours and proper contests between top riders - the owner of cycling's 'superteam' outlines his remedy for renewal.

Albanian seamen die in ferry rescue

BBC - Tue, 2014-12-30 01:01
Two Albanian seamen are killed on a tugboat while towing the fire-stricken Norman Atlantic ferry.

Here's Why Obama Said The U.S. Is 'Less Racially Divided'

NPR News - Tue, 2014-12-30 01:00

The president says incidents in the past year have "surfaced" long-simmering issues between minority communities and authorities, allowing for a healthy airing of grievances.

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Next revises profit expectations up

BBC - Tue, 2014-12-30 00:54
Fashion chain Next expects yearly profits to recover some of the ground lost after a warm spell in the third quarter.

Actor Diamond in court over stabbing

BBC - Tue, 2014-12-30 00:49
Former Saved by the Bell actor Dustin Diamond has appeared in court in Wisconsin, accused of stabbing a man at a bar on Christmas Day.

Howard out for up to six weeks

BBC - Tue, 2014-12-30 00:43
Everton goalkeeper Tim Howard will be out of action for up to six weeks after picking up a calf injury.

India captain Dhoni quits Tests

BBC - Tue, 2014-12-30 00:15
India captain Mahendra Singh Dhoni retires from Test cricket with immediate effect at the age of 33.