For listening to foreign language news and other broadcasts, internet radio is taking the place that used to be occupied by short-wave listening for many people. A Google search will quickly bring you to the web pages of a huge number of stations that offer listening to their live broadcasts in RealAudio, WindowsMedia, or other formats. If you want a more systematic way of doing this, I recommend the Reciva Radio Portal, which has over 5000 stations in its database and lets you create customized lists of the ones you want to listen to.
For something more radio-like, check out the AE Wifi Internet Radio, which is essentially a small dedicated computer that connects to the Reciva Portal over your local wireless network. It's available from various sources in the U.S. I got one for Christmas and it works beautifully.