Wednesday, January 7, 2015

BANK OF ENGLAND 'DIDN'T SEE FINANCIAL CRISIS COMING'

The Bank of England seemed to be unaware of the gravity of the situation just a month before the start of the global financial crisis, according to newly released documents.

Minutes from the Bank's governing body from 2007 to 2009 have been published.

They show the Bank did identify liquidity as an issue of 'central concern' in July 2007, but not something it needed to take action on.

New models were being worked on to detect risks to the financial system, but the minutes don't show an impending risk was suspected.

Danny Cox of stockbroker Hargreaves Lansdown says the documents are damning.

IN: "The Bank….
OUT: ...responsibility."
DUR: 26 seconds


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BRENT CRUDE FALLS BELOW $50

The price of a barrel of Brent Crude oil has fallen below $50 for the first time since 2009.

It's the latest landmark in weeks of falling oil prices which have led to volatility on global stock markets.

In the UK, and elsewhere, questions are now being asked of energy suppliers who aren't yet passing the price slump onto consumers.

Lawrence Slade from Energy UK which represents Britain's energy suppliers says it's not that simple.

IN: "Oil and….
OUT: ...consumers."
DUR: 12 seconds


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MERKEL IN LONDON FOR CAMERON EU TALKS

German Chancellor Angela Merkel is in the UK for talks expected to be dominated by the issues of EU reform, and the European economy.

Germany holds the presidency of the G7 group of nations, so her discussions with Prime Minister David Cameron are also expected to touch on security issues, the Ukraine crisis and Ebola.

But Mr Cameron is under pressure from some Conservatives to show he can secure commitments from Germany for European Union reform.

He's promised a referendum on Britain's membership if he wins May's election but wants the UK to stay in a reformed EU.

Political reporter Theo Usherwood says Chancellor Merkel has so far shown few signs of compromise.

IN: "The German….
OUT: ...this battle."
DUR: 20 seconds


ALT:

British Conservative MEP Syed Kamall says the two leaders do see eye to eye on many issues.

IN: "Clearly….
OUT: ...people do."
DUR: 16 seconds


ALT:

British Conservative MEP Syed Kamall says the two leaders do see eye to eye on many issues.

IN: "There are….
OUT: ...the EU."
DUR: 18 seconds

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Russian rouble falls 4% in value as oil hits new lows

The Russian rouble currency has fallen more than 4% in value as oil prices hit a new 5 and a half year low.


The rouble has been weakening in value for months affected by sanctions and Russia's dependence on energy exports.


Tom Barton reports.


IN: Commentators say weak….

OUT: SOC

DUR: 37"


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Tuesday, January 6, 2015

California Begins Bullet Train Construction Despite Budget Shortfall

Intro: Construction officially started on California's years-delayed high speed rail system on Tuesday.  The project aiming to connect san francisco and los angeles by train was approved by voters in 2008 but has since faced political opposition and budgeting problems.  Arash Ghadishah reports from Los Angeles


IN: "The bullet

OUT: SOC

DUR: 32


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***

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Consumer Electronics Show Opens in Las Vegas

The biggest consumer electronics show in the world is underway in Las Vegas this week.

Tech giants and start ups are both showing off products they hope will inspire consumers to dig into their pocketbooks.

As Rachel Silverman reports from Las Vegas more than 150 thousand people  including more than 50 thousand exhibitors are expected at this year’s Consumer Electronics show.
.

IN: “Wearable technology
OUT: Rachel SIlverman, Las Vegas
DUR: 39 seconds

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Consumer Electronics Show kicks off in Las Vegas

Up to 160,000 attendees have gathered in Las Vegas for the 2015 Consumer Electronics Show — the largest trade convention of its kind in the world.

Every year at CES, top brands unveil their newest products, and the event's widely seen as setting the technology tone for the year ahead.

Alongside the regular collection of ultra high definition TVs and wearable devices, some of the more unusual offerings include a 3D food printer, a belt that adjusts to accommodate your lunch, a Segway with no handlebars, and a connected headset that can "read" your mind.

Gary Shapiro, CEO of the Consumer Electronics Association which organizes CES, says there are many new categories of product being showcased this time around:

IN: "Drones, which are…"
OUT: "…in a car."
DUR: 0:18


All the big electronics companies are out in force, but CEO of the Consumer Electronics Association, Gary Shapiro, says startups —- small, fledgling businesses — are also coming into their own at CES.

IN: "We need the…"
OUT: "…by these products."
DUR: 0:15


Gary Shapiro, CEO of the Consumer Electronics Association, had this advice for companies hoping to make a splash at CES.

IN: "I think what…"
OUT: "…that first order."
DUR: 0:17

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Pres. Obama wants to work with 114th US Congress

U.S. President Barack Obama says he wants to work together with the Republican leadership of the U.S. Congress.

That despite his spokesperson saying that the American president would veto the Keystone XL pipeline, one of the first pieces of legislation Congressional lawmakers were set to take up.

After meeting with Mexican President Pena Nieto in the Oval Office, U.S. President Barack Obama expressed his optimism as the 114th U.S. Congress gets down to work.

IN: "I'm very much....
OUT: ...progress together."
DUR: 27


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Obama promises to veto Keystone legislation

The White House says that U.S. President Barack Obama will veto legislation to approve the Keystone XL pipeline.

The pipeline is intended to run from the tar sands fields of Canada down through the United States to the refineries of Texas and Louisiana.

As our Washington correspondent Priscilla Huff reports, the bill was expected to be the first political battle of the new year.

IN: "The first...
OUT:  SOC
DUR: 43


***
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US and Mexican Presidents meet in Washington

US President, Barack Obama, and his Mexican counterpart Enrique Pena Nieto have met in the Oval Office, discussing Washington's shift in policy towards Cuba, as well as security and immigration issues. 

President Obama also said that the leaders spoke about the 43 Mexican students who went missing on September last year, causing great controversy in the country.

Andrea Arenas reports from Washington.

IN: "The kidnapping of... 
OUT: SOC
TIME:43 Seconds



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Three in Custody for Police shootings Monday

INTRO:

Three people are now in custody in connection with the shooting of two
New York Police Department officers Monday night. Police say they are
questioning the three, but no official charges have been filed yet.
Police Officers Andrew Dossi and Aliro Pellerano were responding to a
call about an armed robbery in the Bronx neighborhood when they were
shot.

Mimi Chiahemen reports from New York

IN: "Unlike killings ..."
OUT: SOC
DURE: 35 secs


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Status of Cuban political prisoners unclear

The U.S. is emphasizing the need to fully engage Cuba, even as questions remain about 53 political prisoners which Havana promised to release as part of the deal for normalized relations with Washington.

Family members and Cuban activists in exile in the U.S. say they do not know who is on the list nor whether any of the 53 prisoners have been released, increasing their worry that the Castro regime will renege on their promise to release them.

U.S. State Department spokesperson Jen Psaki says, talking with Havana is the way forward.

IN: "Certainly, the step...
OUT: ...the case."
DUR: 32


***
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US urges North Korea to comply with UN resolutions on nuclear programme

The U.S. says, if true, allegations that North Korea has the technology to build miniature nuclear weapons would be a clear violation of United Nations resolutions and the international order.

South Korea has strongly suggested North Korea has succeeded in miniaturizing weapons technology so a nuclear bomb could fit on an intercontinental missile.

South Korea also says Pyongyang has a cyberwarfare staff of 3,000.

U.S. State Department spokesperson Jen Psaki:

IN: "We don't....
OUT: ...South Korea."
DUR: 30


***
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End of Guantanamo Bay prison might be in sight

There's increasing discussion in the United States about whether there's a path to the closure of the controversial Guantanamo Bay prison.
The prison was built in Cuba to detain terrorism suspects after the 9/11 attacks in 2001. However, as John Clarke reports from Washington, the practice of indefinite detention without trial has become a stain on the reputation of America and it's President. 

IN: "Barack Obama...
OUT: SOC
DUR: 53"









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Washington rejects Venezuela's prisoner swap offer

The United States has rejected the possibility of a prisoner swap with Venezuela.

Venezuela's President, Nicolas Maduro, offered to free political prisoner Leopoldo Lopez, in exchange for the release of a Puerto Rican nationalist held in the United States. 

Andrea Arenas reports. 

IN: The United States
OUT: SOC
TIME:35 Seconds


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114th US Congress opens

Tuesday is the first day of the 114th Congress of the United States.

Lawmakers are returning to work in Washington, with Senators and Representatives elected in November's mid term elections taking up their new jobs on Capitol Hill, where Republicans now control both Houses. 

Kate Fisher reports from Washington

IN: "Thirteen new..."
OUT: SOC
DUR: 43

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Tests on new Ebola vaccine gets underway in Oxford


A new Ebola vaccine is being tested on healthy volunteers in Britain, the second such trial to get underway.

Researchers at Oxford University are following up with human trials for a vaccine that showed complete protection from Ebola in monkeys.   From London, Catherine Drew reports. 


IN: 72 volunteers….
OUT: SOC
DUR: 40



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Euthanasia procedure for Belgian murderer and rapist suspended

A rapist and murderer in Belgium who has been granted permission to undergo euthanasia has had the date for his death suspended.

Frank Van Den Bleeken was scheduled to be killed by lethal injection on Sunday but Belgium's Ministry of Justice now says it will not go ahead.

Jack Parrock reports.

IN: "Belgian.." 
OUT: SOC
DUR: 39 secs


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Son of NYC hedge fund manager charged with his murder

The son of New York hedge fund manager Thomas Gilbert Sr has been charged with his father's murder following an argument over his allowance- that's according to police in New York.

Thomas Gilbert Jr was arrested on Monday on murder charges and for illegally carrying a weapon.

Nina-Maria Potts reports:

IN: " The son of...
OUT: SOC
DUR: 43 seconds



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SpaceX postpones test to land rocket on barge in Atlantic

The American company SpaceX has postponed an attempt to land part of a rocket on a barge positioned in the Atlantic Ocean.


The test is now expected to take place at the end of the week.


It's a bid to see whether it's possible to recycle pieces of space debris.


Our Washington Correspondent Simon Marks says the company hopes one day to avoid the cost of building completely new rockets for every mission.


IN:  "News of the……"

OUT:  "…chance of success".

DUR: 32 seconds


http://www.fsnradionews.com/feeds/0106spacex-marks2.mp3


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