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Short Shrift For Short Sellers

Oct 22, 2018

Unlike most investors, short sellers make money when the value of a company falls. And they don't have a great reputation. They're often regarded as the vultures or hyenas of the financial world, preying on weak companies, and sometimes spreading negative rumors to bring a company down.

But quite often, short sellers perform a necessary task. They have a financial incentive to expose weakness and uncover the truth about a company's status. And when they do so, honestly and transparently, the market benefits.

A handful of companies — think Tyson and Perdue — all but control poultry production in the U.S. They'll soon be joined by a retailer known more for chicken sales than chicken production: Costco. The warehouse retailer is now building a farm-to-table production system to ensure a steady supply of rotisserie chickens.

When "Rooster" Bogle — born Dale Vincent Bogle — used to drive by the Oregon State Correctional Institution with his young sons, he'd gaze out at the prison with nostalgia.

"Look carefully, because when you grow up, you guys are going to end up there," he told his boys.

This wasn't a warning: It was a challenge. And so began the competition for who could be the meanest, baddest Bogle.

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A new bridge in southern China will shave more than two hours off the trip from Hong Kong to Zhuhai on the mainland. The result of nearly nine years of construction, the Hong Kong-Zhuhai-Macau Bridge project even includes a tunnel in its 34 miles across the Pearl River Delta.

Near the end of John Le Carré's great spy novel Tinker, Tailor, Soldier, Spy, one of the agents notices that his car's passenger door is unlocked. He instantly begins wondering how that happened. "Survival," he thinks, "is an infinite capacity for suspicion."

That capacity gets put to the test in Bodyguard, a new BBC series created by Jed Mercurio, who's known for his compelling shows about the dark side of public institutions.

The post-Millennial generation is beginning to come of age, and by 2020, it will make up about one-third of the U.S. population. Some refer to it as Generation Z, while others call it the iGeneration.

The Powerball winnings climbed to $620 million over the weekend, while the Mega Millions prize is now at $1.6 billion before taxes, amounting to a combined jackpot of $2 billion.

CBS News’ Jill Schlesinger (@jillonmoney), host of “Jill on Money” and the podcast “Better Off,” shares advice for lottery winners with Here & Now‘s Peter O’Dowd.

Editor’s Note: This segment includes discussion of sexual assault that some listeners may find disturbing or offensive.


It’s estimated between 8,000 and 10,000 rape kits are sitting on the shelves at the Washington State police agency, awaiting DNA testing. DNA evidence can help identify sexual offenders by matching the DNA with a federal database.

This story is part of our Senate Tracker series, looking at Senate races across the country ahead of the 2018 midterm elections. Check out all of our election coverage.

President Trump blamed Democrats Monday morning for a “caravan” of thousands of mainly Honduran migrants attempting to reach the U.S.

USA Today immigration reporter Alan Gomez (@alangomez) joins Here & Now‘s Peter O’Dowd to discuss why migrants are on the move now and who benefits politically from their actions.

Melissa McCarthy is not interested in playing pleasant characters — flawless women with perfect clothes and relationships. "Who wants to watch that?" she asks. "There's nothing to sink your teeth into. ... The people I love and like are filled with quirks and eccentricities. ... We're a bundle of all these different weirdnesses."

Instead, McCarthy became known for her comic roles in movies like Bridesmaids and The Heat — and for her impersonation of President Trump's first press secretary, Sean Spicer, on SNL.

Saudi Crown Prince Mohammed bin Salman called the son of Jamal Khashoggi to express condolences for the death of the journalist killed at the Saudi consulate in Istanbul, the kingdom announced early Monday.

Here & Now‘s Jeremy Hobson speaks with Jane Harman, director, president and CEO of the Wilson Center and a former U.S. representative who served on the House Intelligence Committee, about what this means for U.S.-Saudi relations.

October 22, 2018: Hour 1

Oct 22, 2018

Only 16 percent of eligible voters under the age of 30 cast ballots in the 2014 midterms. While some public figures have taken to social media to mobilize young votes, some experts say the solution to low youth turnout is better civics education.

Retail Vacancies Plague Cities

Oct 22, 2018

The economy is booming, but there’s a lot of empty retail space in cities. For instance, retail surveys show a 20 percent vacancy in Manhattan.

Here & Now‘s Jeremy Hobson discusses why this is the case with Derek Thompson, (@DKThomp), senior editor at The Atlantic.

Uber and Lyft have made it easy for car owners to earn money taxiing others around, and the company Skurt delivers rental cars to your door. Now, there’s another option: companies that allow you to rent your car to other drivers when you’re not using it. Sam Zaid is the founder and CEO of Getaround, a company that bills itself as a “community marketplace for sharing underutilized personal vehicles.”

Updated at 9:13 p.m. ET.

Newly released surveillance footage shows a man apparently wearing the same clothes Saudi journalist Jamal Khashoggi was wearing the day he disappeared after entering Saudi Arabia's consulate in Istanbul. A Turkish ruling party official called the footage evidence of a Saudi cover-up, while another official described the man seen in the video as a "body double."

In 2014, 276 Nigerian school girls were kidnapped from a school in Chibok in northern Nigeria. Eighty-two were released in 2017. The new HBO documentary “Stolen Daughters: Kidnapped by Boko Haram” looks at what happened to those girls. It airs Monday night.

Wineries across the country are scrapping the traditional bottle and putting their precious juice in aluminum cans.

The Northwest News Network’s Anna King (@AnnaKingN3) has the story.

Only 16 percent of eligible voters under the age of 30 cast ballots in the 2014 midterm elections. This year, public figures from Taylor Swift to Barack Obama have taken to social media to mobilize young people. But some experts say the long-term solution to low youth turnout is better civics education.

Faces Of NPR: Malorie Hughes

Oct 22, 2018

Faces Of NPR is a weekly feature that showcases the people behind NPR, from the voices you hear every day on the radio to the ones who work outside of the recording studio. You'll find out about what they do and what they're inspired by on the daily. This week's post features Data Scientist Malorie Hughes.

The Basics:

Name: Malorie Hughes

Job Title: Data Scientist

Where You're From: Phoenix, Arizona

Joachim Roenneberg, who led a small team that sabotaged the Nazis' nuclear hopes during World War II, has died at the age of 99. Norwegian Prime Minister Erna Solberg announced Roenneberg's death on Sunday, calling him a hero.

To explain why he grows coca, the raw material for cocaine, rather than food crops on his 5-acre farm in southern Colombia, Luis Tapia does the math.

Every three months, Tapia, 60, harvests the bright green coca leaves with his bare hands, then mixes them with gasoline, sulfuric acid and other chemicals to make coca paste. He then sells the paste to drug traffickers who turn it into powder cocaine. A pound of paste, he says, sells for more than one ton of corn.

"That's why everyone grows coca," Tapia says.

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Good morning, I'm David Greene. Sports fans know the announcer jinx is real. The Baltimore Ravens were about to tie their game against New Orleans. Kicker Justin Tucker just had to make the extra point. Then the Fox Sports announcer said this.

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A group of migrants has focused fresh attention on the flow of people from Central America.

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