National / International News

Three arrested in dissident probe

BBC - Mon, 2014-12-15 03:16
Three men are arrested in connection with an investigation into dissident republican terrorist activity.

PODCAST: Fighting drought with technology

Marketplace - American Public Media - Mon, 2014-12-15 03:00

Renewed concern in Russia with the ruble slipping yet again. More on that. Plus, we look at the biggest private equity deal of 2014: PetSmart agreeing to be purchased for $8.7 billion. And if you haven't heard, California is experiencing a serious drought. It's also the home of that cradle of innovation, We look at what the tech sector is doing to attack the drought.

VIDEO: Sydney hostage sends 'I'm ok' text

BBC - Mon, 2014-12-15 02:42
The mother of one of the hostages trapped inside a cafe in Sydney by a gunman, has said she received a text from her son to say "I'm OK".

WATCH: Live, Local Coverage Of Australian Hostage Siege

NPR News - Mon, 2014-12-15 02:42

A gunman is holding an unknown number of hostages at a downtown chocolate cafe. Police have put a swath of Australia's largest city under lockdown.

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'I'll ride with you': siege solidarity

BBC - Mon, 2014-12-15 02:41
Australians show support to Muslims fearing backlash

German tension over anti-Islam march

BBC - Mon, 2014-12-15 02:34
Germany is braced for a controversial march against "Islamisation of the West" in Dresden and a big counter-demonstration.

Live Blog: 5 Escape From Sydney Cafe After Being Held Hostage

NPR News - Mon, 2014-12-15 02:34

An unknown number of people remain inside the cafe. Police cordoned off a huge swath of Australia's largest city.

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Mexico protesters clash with police

BBC - Mon, 2014-12-15 02:33
Mexican protesters demonstrating in support of a group of students who went missing in September clash with police in the city of Chilpancingo.

Man City face Barca in European draw

BBC - Mon, 2014-12-15 02:32
Manchester City face Barcelona in the Champions League last 16, with Chelsea against PSG and Arsenal playing Monaco.

Ebola serum supply reaches Liberia

BBC - Mon, 2014-12-15 02:29
Liberia begins treating Ebola patients with serum therapy - a treatment made from the blood of recovered survivors.

Legal aid guidance ruled 'unlawful'

BBC - Mon, 2014-12-15 02:28
Judges rule that Lord Chancellor Chris Grayling's guidance on the granting of legal aid for immigration cases was "unlawful", following an appeal by the government.

Fare-dodging banker banned from City

BBC - Mon, 2014-12-15 02:28
A London banker who regularly travelled to work without buying a train ticket is banned from working in the financial services industry.

Syria rebels capture Idlib army base

BBC - Mon, 2014-12-15 02:28
Al-Qaeda's affiliate in Syria and another rebel group have taken control of a key military base in the northern province of Idlib, activists say.

Sydney siege brings Uber criticism

BBC - Mon, 2014-12-15 02:25
Cab-ordering firm Uber is facing criticism again, this time for charging passengers far more during the cafe hostage crisis in Sydney, Australia.

GAA stadium decision was 'unlawful'

BBC - Mon, 2014-12-15 02:18
Northern Ireland's environment minister acted unlawfully in approving a new GAA stadium in west Belfast, a High Court judge rules.

Embargo for three Championship clubs

BBC - Mon, 2014-12-15 02:18
Blackburn, Leeds and Nottingham Forest are given transfer embargoes for breaching Financial Fair Play rules.

Sony warns press over hacking leaks

BBC - Mon, 2014-12-15 02:17
Sony Pictures contacts some news outlets in an attempt to limit the damage caused by the hacking of its computer system and the leaking of emails.

Carol-singing bear probed by council

BBC - Mon, 2014-12-15 02:17
A six-foot mechanical polar bear that dances and sings Christmas carols is investigated after a council received a noise complaint.

Closing the gender gap

Marketplace - American Public Media - Mon, 2014-12-15 02:00

Possible 2016 presidential contender Hillary Clinton is in New York on Monday to talk about the knowns and unknowns when it comes to women's issues. A group called Data2X run by the United Nations Foundation is trying to tackle what it calls a gender data gap. We take a look at what that gap is and why it matters.

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The 'one percent' lead holiday retail

Marketplace - American Public Media - Mon, 2014-12-15 02:00

The richest Americans will lead the way in holiday spending again this year.

At the beginning of the Great Recession, luxury retail fell hard – some brands and product-categories saw declines of 30 to 40 percent, says retail analyst David Schick at Stifel Nicolaus. That compared to declines under 5 percent for mass-market retail.

But after the recession, luxury retail rebounded sooner and stronger than the rest of the market. And that strength has continued through 2014. Management consultancy Bain & Company predicts the global luxury market will have grown by 5 percent in 2014; the increase will be 6 percent in the U.S. – significantly higher than mainstream U.S. retail.

“At the higher end of the income spectrum, we have seen financial assets helping the consumer in a way that isn’t helping other quintiles of income,” says Schick. “And wage growth is the same story.” That increased wealth at the top will likely help luxury brands such as Tiffany & Co.

Schick is quick to point out, though, that middle-income Americans are also doing better this year, with paychecks trending higher, unemployment down, and gas prices falling hard.

These consumers might now feel more comfortable splurging on a high-end brand—a Kate Spade handbag or Coach wallet.

“It’s not just the 1 percent that are carrying along high-end retailers,” says Kit Yarrow, professor emeritus of psychology at Golden Gate University and author of ‘Decoding the New Consumer Mind.’ “Obviously, the high-end retailers aren’t going to be doing well without them. But it’s also the huge influx of money coming from Chinese consumers that are visiting the U.S., and other nationalities. And also middle-class and upper-middle-class consumers who are stretching, because they perceive the value of those products to be worth it.”

Yarrow conducts "shop-alongs" with American consumers, including those in the six-figure income bracket. Stocks, home prices, and income have all combined to make these households even wealthier than they were before the recession.

But while they can afford to spend on luxury goods, she finds they don’t want to flaunt their money.

“They understand that there’s sort of an anti-wealth sentiment,” says Yarrow. “They don’t want to be conspicuous in their consumption. They don’t want other people to distrust them or feel separated from them. One woman I interviewed was embarrassed to say in front of other people that she’d paid full-price for a product, because she thought they might find that to be offensive.”

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