More risks behind new mortgages

More risks behind new mortgages


MORTGAGE lenders and borrowers are being forced to take greater risks as property transactions slump because buyers cannot afford sky-high prices. Banks and building societies are lending at higher loan-to-values or maximum income multiples, and loosening criteria to revive the stagnant market.

Source: Daily Express :: Finance Feed https://ift.tt/2KCfq9R

Know your new HOLIDAY travel rights: new rules usher in better deal for holidaymakers

Know your new HOLIDAY travel rights: new rules usher in better deal for holidaymakers


The new better deal for holidaymakers gives: more protection for packages and DIY trips booked through linked websites, cancellation rights, more predictable prices, easier identification of whose responsible if booking mistakes are made or things go wrong, more help on hand for health issues, extra accommodation during natural disasters, guarantees of money and repatriation extended if an operator goes bust - sellers of linked arrangements obliged to take out insolvency protection so they can cover refunds and repatriation.

Source: Daily Express :: Finance Feed https://ift.tt/2tHyop0

Rate increase talk's building

Rate increase talk's building


THE pound strengthened yesterday and an interest rate rise loomed larger after the economy grew faster than expected in the first three months of the year. Output across the construction sector, which represents 6 per cent of GDP, was revised up in the latest Office for National Statistics data, helping the economy expand by 0.2 per cent compared with a previous estimate of 0.1 per cent.

Source: Daily Express :: Finance Feed https://ift.tt/2lLDAnz

Hard landing for flight delay claim

Hard landing for flight delay claim


A Passenger’s bid for compensation over a flight delay looked all set to take off after she discovered someone else who had travelled on the same plane was quids in following a successful claim. Amy Kavanagh and her boyfriend had seats booked on an easyJet flight from Tenerife to southend Airport a couple of months ago but got home five hours later than scheduled.

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Cheque riddle solved

Cheque riddle solved


A couple’s efforts to find a £300 cheque which they had paid in drew a blank after it was debited from one of their bank accounts – but not credited to the other. Fearing their money might have disappeared for good into the digital darkness, Kenneth and Janet Clarkson decided they were a “bit tired of being batted about” and asked crusader to make some noise on their behalf.

Source: Daily Express :: Finance Feed https://ift.tt/2Kw9mTz

Sports stars favourite MINDFUL CHEF serves up ace results

Sports stars favourite MINDFUL CHEF serves up ace results


MINDFUL Chef, the healthy recipe box service that counts Sir Andy Murray as an investor, is set to smash sales targets this year with revenues more than doubling to £10m. The business delivers across mainland Britain, providing all the ingredients for seasonal, easy-cook meals direct to customers’ doors.

Source: Daily Express :: Finance Feed https://ift.tt/2lHY6oV

Brussels playing a game of poker that it can’t win -EXPRESS COMMENT

Brussels playing a game of poker that it can’t win -EXPRESS COMMENT


IT IS two years and one week since we voted to leave the EU. In precisely nine months' time we will be free - the date, March 29, set in stone by Parliament. So the 27 EU leaders should be under no illusions that they can scare, cajole or trick us into remaining one day longer than necessary.

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Top firm hangs up its landlines

Top firm hangs up its landlines


One of the UK’s biggest accountancy firms is getting rid of all its landlines, with staff using mobile phones instead. PricewaterhouseCoopers said yesterday it would remove all fixed-line phones from desks by the autumn.

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Multinationals don’t care about Britain – but are trying to dictate our future

Multinationals don’t care about Britain – but are trying to dictate our future


WHEN the Business Secretary Greg Clark said at a recent CEO summit that, in his experience, business is normally impartial and deals with practicality, he is generally correct. Of course this supposition always has to be framed by the knowledge that business will naturally act in its own interests and individual businesses will act in their own narrow, vested interests.

Source: Daily Express :: Comment Feed https://ift.tt/2NbQg3F

After months of preparation, a damp squib on euro-zone reform

After months of preparation, a damp squib on euro-zone reform

YOU would hunt hard for a better illustration of the maxim that the European Union is capable of reforming itself only in times of crisis. The euro summit on June 29th was supposed to be the first proper chance in years for leaders to take tough decisions on boosting the resilience of their common currency. Instead, it turned out to be a stale dessert after the meaty migration debate that had occupied the previous night. The statement issued by the leaders after the summit contained just 220 words.

It was a disappointment for Emmanuel Macron, France's president, who has argued passionately for deep reforms to put the currency on to a more stable footing. Last week he and Angela Merkel, the German chancellor, had issued a joint initiative on euro-zone reform that was more ambitious than some French observers had dared hope. Crucially for Mr Macron, the agreement did call for the establishment of a euro-zone investment budget. If the proposal fell well short of the full macroeconomic...Continue reading

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The EU argues till dawn on migration, and achieves little

The EU argues till dawn on migration, and achieves little

THERE is a pattern to European Union summits about subjects on which governments cannot agree. First, leaders stay up all night to signal their commitment. Second, they issue a statement sufficiently vague and contradictory to allow everyone to declare victory. Third, officials charged with implementing the agreement argue endlessly over how to interpret it. This sequence, described in a tweet by a former EU official, Shahin Vallée, perfectly describes the EU summit on illegal migration on June 28th-29th. The leaders battled into the pre-dawn hours on June 29th, but the tortuous phrasing of their conclusions—one sentence contained 12 commas—betrayed their inability to find meaningful compromises on the issues that continue to bedevil them.

As ever, the trickiest discussion was on how to share responsibility among governments for migrants who arrive in Europe. The leaders agreed, eventually, to establish...Continue reading

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The EU argues till dawn on migration, and achieves little

The EU argues till dawn on migration, and achieves little

THERE is a pattern to European Union summits about subjects on which governments cannot agree. First, leaders stay up all night to signal their commitment. Second, they issue a statement sufficiently vague and contradictory to allow everyone to declare victory. Third, officials charged with implementing the agreement argue endlessly over how to interpret it. This sequence, described in a tweet by a former EU official, Shahin Vallée, perfectly describes the EU summit on illegal migration on June 28th-29th. The leaders battled into the pre-dawn hours on June 29th, but the tortuous phrasing of their conclusions—one sentence contained 12 commas—betrayed their inability to find meaningful compromises on the issues that continue to bedevil them.

As ever, the trickiest discussion was on how to share responsibility among governments for migrants who arrive in Europe. The leaders agreed, eventually, to establish...Continue reading

Souce: Europe https://ift.tt/2KfVKfI

The EU argues till dawn on migration, and achieves little

The EU argues till dawn on migration, and achieves little

THERE is a pattern to European Union summits about subjects on which governments cannot agree. First, leaders stay up all night to signal their commitment. Second, they issue a statement sufficiently vague and contradictory to allow everyone to declare victory. Third, officials charged with implementing the agreement argue endlessly over how to interpret it. This sequence, described in a tweet by a former EU official, Shahin Vallée, perfectly describes the EU summit on illegal migration on June 28th-29th. The leaders battled into the pre-dawn hours on June 29th, but the tortuous phrasing of their conclusions—one sentence contained 12 commas—betrayed their inability to find meaningful compromises on the issues that continue to bedevil them.

As ever, the trickiest discussion was on how to share responsibility among governments for migrants who arrive in Europe. The leaders agreed, eventually, to establish...Continue reading

Souce: Europe https://ift.tt/2Kun6e7

Deutsche Bank FAILS stress test as 'malfunctioning' giant shocks experts

Deutsche Bank FAILS stress test as 'malfunctioning' giant shocks experts


DEUTSCHE Bank’s demise has gathered pace after its US wing dramatically failed the US Federal Reserve’s annual stress tests due to “widespread and critical deficiencies” which could cause chaos if the global finance system lurched back towards a 2008-like crisis.

Source: Daily Express :: Finance Feed https://ift.tt/2lHoxeD

Polio has been reported in Papua New Guinea

Polio has been reported in Papua New Guinea

ON JUNE 8th reports of a suspected case of polio came from Venezuela. Fortunately, it turned out to be a false alarm. The report that came from Papua New Guinea on June 22nd, though, is no fiction. It was issued by the World Health Organisation and concerns not one, but three children who have tested positive for a threatening polio virus.

Around the world, polio is in full retreat. A mere three countries are still known to harbour wild polio viruses. These are Afghanistan, Nigeria and Pakistan. In 2017 only 22 cases of polio caused by such wild viruses came to the attention of the authorities. Unfortunately, the reason for this success, which is the extensive vaccination against polio of children throughout the world, can occasionally backfire and itself cause polio outbreaks.

In many countries polio vaccine includes live, attenuated viruses which breed in the recipient’s intestines and then enter the bloodstream, thereby triggering a protective immune response. An...Continue reading

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The eye's structure holds information about the health of the mind

The eye's structure holds information about the health of the mind

BECAUSE it is locked away inside the skull, the brain is hard to study. Looking at it requires finicky machines which use magnetism or electricity or both to bypass the bone. There is just one tendril of brain tissue that can be seen from outside the body without any mucking about of this sort. That is the retina. Look into someone’s eyes and you are, in some small way, looking at their brain.

This being so, a group of researchers at Moorfields Eye Hospital in London, working with others around the world, decided to study the structure of the eye for signs of cognitive decline. Changes in the brain, they reasoned, might lead to changes in the nervous tissue connected to it. They focused on a part of the eye called the retinal nerve-fibre layer (RNFL). This is the lowest layer of the retina and serves to link the light-sensitive tissue above to the synapses which lead to the brain. The team’s results, published in JAMA Neurology this week,...Continue reading

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Making medical clothing that kills bugs

Making medical clothing that kills bugs

AROUND the beginning of the 20th century the medical profession underwent an image makeover. Doctors swapped their traditional black coats for white ones, similar to those worn by scientists in laboratories. This was meant to bolster a physician’s scientific credibility at a time when many practising healers were quacks, charlatans and frauds. As the importance of antiseptics became more widely understood, white was also thought to have the advantage of showing any soiling.

Nowadays many doctors are likely to wear everyday clothes, or blue or green “scrubs”, which are said to reduce eye strain in brightly-lit operating theatres. White coats are reckoned to be capable of spreading diseases as easily as clothing of any other colour, especially when long sleeves brush against multiple surfaces. Many clinics and hospitals now have a “bare below the elbows” policy for staff, whether in uniform or their own clothes. This is also supposed to encourage more thorough handwashing.

What,...Continue reading

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A big collaboration is trying to understand diseases of the psyche

A big collaboration is trying to understand diseases of the psyche

DISEASES of the psyche have always been slippery things. Schizophrenia, bipolar disorder, major depression and a host of others have no visible markers in the brain. Their symptoms overlap sufficiently that diagnoses may differ between medical practitioners, or even vary over time when given by a single practitioner. In this they are unlike neurological diseases. These either leave organic traces in the brain that, though not always accessible before a patient’s death, are characteristic of the condition in question, or cause recognisable perturbations of things such as electroencephalograms.

The impulse to categorise, though, is enormous—as witness the ever greater number of conditions identified in successive editions of the Diagnostic and Statistical Manual of Mental Disorders, published by the American Psychiatric Association. That is because diagnosis and treatment go hand in hand. But if diagnostic categories are misconceived then treatment may be misapplied. In this context a paper...Continue reading

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At any given time in their lives, people have two dozen regular haunts

At any given time in their lives, people have two dozen regular haunts
I’m sure that one’s not on our list

WHEN it comes to habitat, human beings are creatures of habit. It has been known for a long time that, whether his habitat is a village, a city or, for real globe-trotters, the planet itself, an individual person generally visits the same places regularly. The details, though, have been surprisingly obscure. Now, thanks to an analysis of data collected from 40,000 smartphone users around the world, a new property of humanity’s locomotive habits has been revealed.

It turns out that someone’s “location capacity”, the number of places which he or she visits regularly, remains constant over periods of months and years. What constitutes a “place” depends on what distance between two places makes them separate. But analysing movement patterns helps illuminate the distinction and the researchers found that the average location capacity was 25. If a new location does make its way into the set of places an individual...Continue reading

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A paradox at the heart of gift-giving

A paradox at the heart of gift-giving
Ooo! Lovely! Honest...

A FORMER editor of this newspaper once said that “a gift is a sale at a price of zero”. In strict monetary terms this is true. But most people do expect to be paid for gifts, albeit in the non-monetary currency known as “gratitude”. This has many denominations: words of appreciation, hugs and kisses and, particularly, smiles. The wider point our ex-editor was making, though, is pertinent. A gift will cause a misallocation of resources if the recipient would have preferred something else that would have been no more expensive for the donor to acquire.

In this context, a study just published in Psychological Science, by Adelle Yang at the National University of Singapore and Oleg Urminsky at the University of Chicago, looks illuminating. Dr Yang and Dr Urminsky have studied the currency of gratitude and think it may be creating poor incentives. Their hypothesis is that the reason gift-givers sometimes appear to make bad...Continue reading

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