National / International News

London riots claims 'still not paid'

BBC - Fri, 2014-01-03 16:51
More than 130 people who claimed compensation following the London riots in 2011 are yet to receive a single penny, according to Labour.

VIDEO: India's trade in 'blood bricks'

BBC - Fri, 2014-01-03 16:28
Campaigners are calling for more to be done about the appalling human cost of India's brick industry.

Del Boy and Rodney to return to BBC

BBC - Fri, 2014-01-03 16:22
Dodgy dealers Del Boy and Rodney Trotter are to return to British TV screens for the first time in more than 10 years for a Sport Relief sketch.

Analysis: Beyond sectarian conflict in Iraq

BBC - Fri, 2014-01-03 16:17
Why violence in Anbar province goes beyond sectarian conflict

'Narrow escape' for storm fossil

BBC - Fri, 2014-01-03 16:11
A near-complete ichthyosaur skeleton discovered on the Dorset coast after Christmas storms was hours away from destruction, fossil hunters say.

Flooding continues to threaten UK

BBC - Fri, 2014-01-03 16:00
High tides and strong winds lead to flooding in Wales and south-west England as officials warn of a continuing flood threat across the west of the UK.

Elite hacker 'overdosed on drugs'

BBC - Fri, 2014-01-03 15:55
World-renowned hacker Barnaby Jack, who died in San Francisco in July, overdosed on a mix of heroin and cocaine, a coroner's report says.

No drugs or alcohol in Walker crash

BBC - Fri, 2014-01-03 15:32
Neither Hollywood actor Paul Walker nor his driver were under the influence of drugs or alcohol at the time of a fatal car crash, a post-mortem finds.

GB's Cheshire secures halfpipe gold

BBC - Fri, 2014-01-03 15:14
Rowan Cheshire becomes the first British woman to win a halfpipe gold at a World Cup event with victory in Calgary.

2014 Resolutions: Melissa and Joshua

Marketplace - American Public Media - Fri, 2014-01-03 14:52

Happy New Year! In 2014, Marketplace Money will follow a few listeners from around the country who’ve resolved to make over their personal finance lives. We’ll be checking up on their financial New Year’s resolutions periodically throughout the year and see if they're achieving their goals!

Name: Melissa, 39 and Joshua, 27

Family: Daughter, 14 months old

Location: Oakland, Calif.

Resolutions: “Break that paycheck-to-paycheck mentality. We’re starting to make money, we’re becoming more financially secure, but we’re still living like our paychecks are going to evaporate into dust if we don’t spend our money.”

“We don’t know what to do with our extra income. Do we pay off old debt?” Their combined student loan debt is at $70,000 at 6.3 percent interest, and they also have $7,000 credit card debt that is heading into collections. “Do we start our daughter’s  college savings account? We’re not quite sure what to do.”

“We could probably, if we really scrimped, could get $300-400 in savings.” They also have zero retirement savings.

Carmen Says: “We all want to give our kids a great education. The trouble is, when you give an education to a child at the expense of your needs, your kid is going to end up depending on you. And that is actually a situation that several million people are finding themselves in now where they’re taking care of aging parents … one of the biggest gifts you can give a child is to make sure that you are financially stable, so they can start their adult life without that added burden.” 

Carmen’s next suggestion, head to NFCC.org and find a non-profit credit counselor. “Find a non-profit credit counselor. What you don’t want to do is you don’t want to head over to things called debt repair or something like that.”

Carmen’s resolution prescription: “You’ve got about $300 to play with. I would put $100 a month in cash savings account, so that will keep your head above water, and you won’t have to borrow any more if the car breaks down. Two: start taking another 100 to 150 to start paying off that debt. If you have any money left over, go ahead and put some of that money in a pre-tax, your employer’s savings accounts, 401k’s. But that credit card debt, it may be a little while before you can save for retirement in a full way.”

2014 Resolutions: Melissa and Joshua Poland

Marketplace - American Public Media - Fri, 2014-01-03 14:52

Happy New Year! In 2014, Marketplace Money will follow a few listeners from around the country who’ve resolved to make over their personal finance lives. We’ll be checking up on their financial New Year’s resolutions periodically throughout the year and see if they're achieving their goals!

Name: Melissa, 39 and Joshua, 27

Family: Daughter, 14 months old

Location: Oakland, Calif.

Resolutions: “Break that paycheck-to-paycheck mentality. We’re starting to make money, we’re becoming more financially secure, but we’re still living like our paychecks are going to evaporate into dust if we don’t spend our money.”

“We don’t know what to do with our extra income. Do we pay off old debt?” Their combined student loan debt is at $70,000 at 6.3 percent interest, and they also have $7,000 credit card debt that is heading into collections. “Do we start our daughter’s  college savings account? We’re not quite sure what to do.”

“We could probably, if we really scrimped, could get $300-400 in savings.” They also have zero retirement savings.

Carmen Says: “We all want to give our kids a great education. The trouble is, when you give an education to a child at the expense of your needs, your kid is going to end up depending on you. And that is actually a situation that several million people are finding themselves in now where they’re taking care of aging parents … one of the biggest gifts you can give a child is to make sure that you are financially stable, so they can start their adult life without that added burden.” 

Carmen’s next suggestion, head to NFCC.org and find a non-profit credit counselor. “Find a non-profit credit counselor. What you don’t want to do is you don’t want to head over to things called debt repair or something like that.”

Carmen’s resolution prescription: “You’ve got about $300 to play with. I would put $100 a month in cash savings account, so that will keep your head above water, and you won’t have to borrow any more if the car breaks down. Two: start taking another 100 to 150 to start paying off that debt. If you have any money left over, go ahead and put some of that money in a pre-tax, your employer’s savings accounts, 401k’s. But that credit card debt, it may be a little while before you can save for retirement in a full way.”

Flood-hit areas face more high tides

BBC - Fri, 2014-01-03 14:30
Nearly 300 flood warnings and alerts are in force in England as flood-affected areas face more high tides.

Uncertainty ahead for India's economy

Marketplace - American Public Media - Fri, 2014-01-03 14:29

Manmohan Singh announced he will step down as India’s Prime Minister after elections in the spring. Singh has been in power for a decade and was the country’s Finance Minister for ten years before that. His policies helped India’s economy grow at a rapid rate -- though in the past few years, inflation and corruption scandals have tarnished Singh’s administration.

“How big a shift this is going to be will really depend on whether his successor is capable of grabbing the reins as it were and pushing ahead with the next phase of reforms which are politically very difficult things to deal with” says Andrew Walker, economics correspondent with the BBC.

Under Singh’s influence, India’s economy opened up more to foreign investment.    

India’s growth slowed in part because of the global recession. But the country’s crumbling infrastructure – including poorly maintained roads and an unstable power grid – has probably stifled investment.

 “I think history will see Manmohan Singh as being the one who started the transformation,” says Walker, “taking India away from this heavily government-dominated economy to a market oriented system that has grown strongly and is capable of doing so for a lot longer under the right kind of leadership.”

Pope surprises nuns with phone call

BBC - Fri, 2014-01-03 14:22
An answerphone message from Pope Francis on New Year's Eve surprises nuns in a convent near Cordoba in Spain.

CES 2014: Vegas tech show preview

BBC - Fri, 2014-01-03 14:21
What to expect from Las Vegas' giant tech show, CES

This Week's Massive Winter Storm, Seen From Space

NPR News - Fri, 2014-01-03 14:19

On Friday, NASA tweeted a composite image of the storm that has covered large areas of the Midwest and Eastern U.S. with a blanket of snow.

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House GOP Puts Another 'Target' On Obamacare

NPR News - Fri, 2014-01-03 14:08

House Republicans plan to start the year with a vote on legislation to better safeguard the personal data that HealthCare.gov collects. Democrats see it as yet another attempt to undermine the health law, but they also see political risk in voting against more security for sensitive consumer data.

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Schumacher helmet camera 'examined'

BBC - Fri, 2014-01-03 13:57
Investigators are examining a camera fixed to the ski helmet of injured Formula 1 driver Michael Schumacher, French media report.

2014 Resolutions: Nina

Marketplace - American Public Media - Fri, 2014-01-03 13:56

Happy New Year! In 2014, Marketplace Money will follow a few listeners from around the country who’ve resolved to make over their personal finance lives. We’ll be checking up on their financial New Year’s resolutions periodically throughout the year and see if they're achieving their goals!

Name: Nina, 49
Family: Daughter, 18, in college
Location: Oakland, Calif.
Resolutions: “First and foremost, is to be financially set for retirement which isn’t too far off, so I have to figure out what to do to build my nest-egg a little stronger. At a minimum, I would need a million dollars. I’m no where near a million dollars” Nina says she has about $350,000 saved, is planning to retire around age 65, and she’s interested in retiring abroad where living costs could be cheaper.

She has about $50,000 left on her mortgage to pay off, which she’s been trying to pay down aggressively … perhaps too aggressively. Nina has been dipping into her emergency savings to get it paid off.

“My second resolution is, finding out how to find greater tax-shelters, to make sure that I’m not giving Uncle Sam too much of my hard-earned money.”

Carmen Says: “Number two may not be possible, because you can only max out your tax-shelter so much. But number one, we can absolutely get you there. Really focus on saving up money for your retirement. Please protect that emergency fund, at least have a years worth in there. And then any additional funds … you can split between bulking up your retirement and traveling, so you can see where you want to go.”

Carmen also suggested to not completely pay off her mortgage in lieu of properly saving up for retirement and emergencies. “You can’t take the house to the grocery store, the house won’t pay your bills.”

And one last tip, “Learn some spanish, so you can do your travel and enjoy retirement in the sun!”

Northampton 23-9 Harlequins

BBC - Fri, 2014-01-03 13:56
George North's try helps Northampton Saints go top of the Premiership with victory over Harlequins.

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