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Showing posts with label Home loans. Show all posts
Showing posts with label Home loans. Show all posts

Monday, October 17, 2016

Donie's Ireland daily news BLOG update

Donegal based Garda whistle blower claims he was followed to GSOC meeting

A DONEGAL-BASED GARDA SAID HE RECOGNISED UNMARKED GARDA CAR

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THE GARDA OMBUDSMAN IS INVESTIGATING A DONEGAL BASED GARDA WHISTLE BLOWER’S CLAIM THAT AN UNMARKED GARDA CAR FOLLOWED HIM TO A MEETING WITH GSOC.

Garda Keith Harrison told the Garda Síochána Ombudsman Commission (GSOC) that he was followed from Donegal to Galway last March when he was on his way a confidential meeting with them, RTÉ’s This Week programme reported yesterday.
The meeting was to discuss GSOC’s investigation into his allegations that he has been harassed and subject to unwarranted disciplinary inquries since 2009, when he arrested a colleague for suspected drink driving.
Gda Harrison told GSOC that he recognised the unmarked garda car, as it was one of many which he claims regularly drove past his home in Donegal as part of the alleged harassment.
According to RTÉ, “It is understood that a senior inspector at GSOC informed Garda Harrison’s lawyers in March that they were examining the allegation” that he was followed to the meeting.
The GSOC is understood to be “taking the allegation seriously”.
A GSOC spokesperson said the office, “cannot, for confidentiality reasons, discuss the detail of an investigation that may be under way as a result of a disclosure made to GSOC under the Protected Disclosures Act”.
The garda press office told DD/DPP that it was “precluded from commenting on protected disclosures”.
The garda spokesperson added, “Without discussing any individual, An Garda Síochána seeks to ensure any employee of An Garda Síochána who raises issues will be fully supported.
In this regard, Protected Disclosure Managers have been recently appointed to liaise directly with employees making protected disclosures, and we are working with external experts in this area to help ensure that anyone speaking up is supported and protected in An Garda Síochána.”

A lot of Irish people applying for insolvency deals, but not many arrangements are put in place

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MANY OF THE PEOPLE BEING APPROVED FOR A HOME LOAN ARE COMPETING HARD WITH EACH OTHER FOR THE FEW HOUSES THAT ARE AVAILABLE.

The number of financially-stretched people applying for a State-sanctioned debt deals has doubled. But the actual number of deals put in place is down.
New figures from the Insolvency Service of Ireland show that almost 900 people applied to put a formal arrangement in place with their lenders.
The figures were for the three months to the end of September. This was up 102% on the same three months last year. But the number of heavily-indebted people who secured a formal deal from their banks and other lenders fell in the three months to September, when compared with the same quarter last year.
Just 180 people had a deal known personal insolvency arrangement (PIA) approved in the July to September period. This was down by five PIAs in the same quarter last year.
A PIA allows a person to reduce what they are paying, and return to solvency while staying in their home. There was also a fall in the number of bankruptcies of 26pc to just 61 the third quarter.
In the year so far, a total to 345 people were declared bankrupt, compared with 479 for full-year 2015. This is despite the term for bankruptcy being reduced recently to one year.
Insolvency Service director Lorcan O’Connor blamed the summer recess in the bankruptcy courts for the fall.
Large numbers of people are still struggling to pay their mortgages. The number of people two years or more in arrears on their mortgages was close to 35,000 in June, down slightly from the previous quarter, separate Central Bank figures show Those in arrears for more than two years risk losing their homes.
Mr O’Connor said: “This quarter saw continued growth in new applications with protective certificates and approved arrangements at similar levels to last quarter.
“When compared to the same period last year, there is significant growth in all categories.”
So far, some 4,000 people have gone through different processes overseen by the Insolvency Service to return to solvency.
Earlier this month the Government launched its ‘Abhaile’ plan to tackle the problem of mortgage arrears. This service will provide free, independent expert advice and support on financial and legal issues through the Money Advice and Budgeting Service (MABS), working with the Insolvency Service of Ireland, the Legal Aid Board and the professional accountancy bodies. Mr O’Connor said this new initiative is “expected to drive further growth in the coming months”.

Minister for Health Simon Harris says Politicians setting their own pay is a bad idea

Image result for Minister for Health Simon Harris says Politicians setting their own pay is a bad idea   Image result for Minister for Health Simon Harris says Politicians setting their own pay is a bad idea

HE HAS NO INTENTION OF ACCEPTING A €4,000 PAY-RISE.

Simon Harris, the Minister for Health, says he has no intention of accepting the pay-rise set out in the recent budget.
Ministers are expected to vote on Tuesday to reject the pay increase at a cabinet meeting, this after TD Finian McGrath told a media source “They (TDs) are probably going to go bananas but as far as I’m concerned, you take the hit.
“We have just come out of a major eight years of austerity and an economic crash and I think these are exceptional times and I think TDs and ministers should take their hit and stop whingeing.”

HARRIS AGREES?

“TDs being linked to civil service pay – going down when they go down and going up when they go up – largely serves the country well,” said the 30-year-old health minister.
“Politicians setting their own pay – I don’t think that’s a good policy and “I certainly have no intention of taking the increase.”

ESB to introduce new peak-time bill rate to encourage greener behaviour

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ELECTRICITY CHARGES WILL SOON DEPEND ON WHAT TIME OF THE DAY YOU USE POWER, THE ESB HAS SAID.

Under a new ‘time of use’ tariff scheme, householders will be encouraged to use power at non-peak times to ease pressure on the national electricity grid.
The new system is expected to be introduced within the next two years.
“There will be time-of-use tariffs in the future,” said Paul Mulvaney, the ESB’s director of innovation. “It might be based on green energy periods.
“It will be part of a smart metering programme and residential customers can expect to see it in 2018 or 2019.”
Mr Mulvaney did not say whether this meant tariffs would become more expensive during peak daytime hours or simply cheaper at night.
“The idea is that you encourage people to use less energy and greener energy and flex demand so as to be easiest on the system,” he said.
“If you can get people to shift their load to night time, it’s easier on the grid. We carried out trials and found that when people knew there were cheaper tariff periods, they saved 4pc to 5pc on their bills.”
Mr Mulvaney was speaking as the ESB prepares to host a ‘hackathon’ in Dublin this weekend.
The event, to be held in CHQ’s Dogpatch Labs from Friday to Sunday, will seek to reward the best new ideas on improving energy efficiency, electricity reliability and ecar management. Winners of the competition will win cash prizes of €5,000, €3,000 and €2,000 respectively.
The ESB will be providing anonymised data sets for each of the challenges to help people understand usage, customer profiles and trends in advance of the hackathon.
Mr Mulvaney said that the event was on course to attract more than 100 coders, entrepreneurs and start-up personnel to the event.
Applicants can enter on the website bigenergyhack.ie.
He also said the ESB would finally begin requiring payment for eCar charging points around the country.
Earlier this year, the utility postponed seeking €17 per month for usage of the almost 1,000 charging points nationwide.
However, Mr Mulvaney says the ESB is now communicating with eCar customers about the imminent introduction of charges. “We’re currently looking at the appropriate tariffs,” he said. “Ultimately, everything has to be paid for. We need to reinvest and keep the system up to date. We will have to charge.”

New cancer institute to set gold standard for Ireland

 Image result for New cancer institute to set gold standard for Ireland  Image result for Dr Patrick Prendergast, provost of Trinity  Image result for New cancer institute to set gold standard for Ireland

TRINITY COLLEGE AND ST JAMES’S HOSPITAL HAVE JOINED FORCES TO DEVELOP A NEW CANCER INSTITUTE, WITH PLANS TO CREATE A “NEW STANDARD FOR CANCER CARE” ACROSS THE COUNTRY.

To be located on the campus at St James’s Hospital, the new Trinity College collaboration was announced today to replicate similar projects around the world.
With incidents of cancer estimated to double by 2040 in Ireland, the cancer institute is hoped to build better tools to treat people in years to come.
The first of its kind in Ireland, both stakeholders claim the new cancer institute “will set a new standard for cancer care nationally, integrating medicine and science in cancer prevention, treatment and survivorship”.
Trinity and St James’s Hospital have been scaling up for the new cancer institute with the recruitment of key new clinical academic and research appointments in oncology.
The plan is to get recognised by the Organisation of European Cancer Institutes, the body that sets the gold standard for leading cancer institutes in Europe. It will benchmark performance against international standards and direct the cancer services and research to the next level.
Dr Patrick Prendergast, provost of Trinity, said the new institute should consolidate the strengths of both parties, with clinical and scientific research subsequently benefiting all.
“It will deliver substantially improved outcomes for cancer patients by providing research-led diagnosis and treatment, and promoting a better understanding of cancer through interdisciplinary research,” he said.
This all comes as cancer week kicks into gear, with Trinity hosting a conference on the subject as part of an initiative now into its third year.
“This cancer centre will place research, education and treatment side-by-side,” said St James’s Hospital CEO, Lorcan Birthistle, “which is in line with the model for the very best cancer centres internationally.
“The best outcomes for patients are achieved in centres that combine high volume and highly specialised evidence based cancer care with scientific and technological advances. This exciting joint development between Trinity College and St James’s will achieve this goal.”

The Great Barrier Reef is not actually dead

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Composed of more than 3,000 individual reefs interspersed with more than 600 topical islands, the world’s most extensive coral reef system is so large it can be identified from space. While the region has been protected since 1981, a 2012 study found that the delicate ecosystem has lost more than half of its coral since 1985 due to a combination of factors including coral bleaching caused by climate change.

THERE IS A BIG DIFFERENCE BETWEEN DEAD AND DYING?

Outside Magazine published a somewhat tongue-in-cheek obituary for the Great Barrier Reef earlier this week, citing its lifespan from 25 million BC-2016. The article detailed the life of the reef, its active membership in the ecological community, its worldwide fame and the coral bleaching that has led to its deteriorating health. “The Great Barrier Reef of Australia passed away in 2016 after a long illness. It was 25 million years old,” read the article.
Immediate response on social media
The obituary was met with horror and disbelief, both by scientists and social media users alike. Russell Brainard, chief of the Coral Reef Ecosystem Program at NOAA’s Pacific Islands Fisheries Science Center, told HuffPost that he believes the article was highlighting the urgency of the situation, but that those who don’t have any context “are going to take it at face value that the Great Barrier Reef is dead.”
Many people on social media are indeed taking it at face value. Twitter users have been grieving the loss of the reef and urging followers to pay serious attention to the consequences. Many are spreading false information entirely. Rowan Jacobsen, the writer of the obituary, is a food and environmental writer, not a scientist. But the article has led some outlets to claim that scientists have declared the reef officially dead, further spreading the exaggeration.
People have also taken to Twitter to try to get the truth out. Environmental reporter Tony Davis tweeted, “Reports of the Great Barrier Reef’s death are greatly exaggerated, say scientists, booing Outside Magazine” and the Cornell Cooperative Extension at Rockland County, which cites ecological sustainability as one of its missions, tweeted “Great Barrier Reef is Dying NOT Dead! ‘The message should be that it isn’t too late… not we should all give up.’”
The Great Barrier Reef is the world’s largest coral reef ecosystem and a UNESCO World Heritage site. It covers more than 300,000 square kilometers and consists of more than 3,000 reefs, 600 islands, and 300 coral cays.
Recovery efforts
There’s no denying that the Great Barrier Reef is in serious trouble. According to a report by the ARC Centre of Excellence for Coral Reef Studies, 93% of the reef is affected by bleaching, putting the reef in danger of extinction. Bleaching occurs when coral are put under extreme stress by changes in conditions like temperature, light, or nutrients. In these conditions, they expel symbiotic algae from their tissues, causing them to turn white.
Scientists are increasingly worried that over-exaggerating the state of the reef will promote the idea that it is past the point of recovery. Professor John Pandolfi from the ARC Centre at the University of Queensland has expressed hope. “It is critically important now to bolster the resilience of the reef, and to maximize its natural capacity to recover.” But the effects are serious and possibly permanent. “The reef is no longer as resilient as it once was, and it’s struggling to cope with three bleaching events in just 18 years,” he said.
The obituary lays blame on the Australian government, noting that the government pressured the United Nations to remove the reef from a climate change report because it was concerned about its impact on tourism. But on September 28, the Australian and Queensland governments released the first Reef 2050 Plan annual report, showing the $2 billion investment toward improving the reef’s health for future generations is paying off. The plan has accomplished 29 of its 151 intended actions, though it notes that the recovery process needs to be accelerated if they want to continue to be successful.
Coral bleaching, fishing, mining, and burning fossil fuels have all contributed to the destruction of the reef over several decades. More than 2 million people visit it each year, and governments, scientists, and charities are working so future generations can continue to appreciate its beauty. 

Thursday, October 2, 2014

Donie's Ireland daily news BLOG

Central Bank to impose limits on home loans 

The Regulator said to be preparing to publish a consultation paper on its proposals

  
The Central Bank plans to impose limits for the first time on how much banks can lend home buyers as property values in Ireland soar, two people with knowledge of the matter said.
The Central Bank plans to impose limits for the first time on how much banks can lend home buyers as property values in Ireland soar.
The regulator is said to be preparing to publish a consultation paper on its proposals within weeks.
Banks and lobby groups will have a chance to comment on the plans, which center on introducing loan-to-value and loan-to-income restrictions.
A spokesman for the Central Bank declined to comment.
House prices are surging even as banks grapple with the aftermath of mortgage crisis that forced the government to bail out most of the nation’s lenders.
A quarter of the country’s owner-occupier home loans are in arrears or had their terms eased.
Loans granted during the boom for more than 85 per cent of the property value were most likely to default in the wake of the crash, central bank economists said today.
“There is no evidence the current price increases are credit driven, but the number of mortgage approvals, a potential measure of new mortgage credit demand, rose sharply in the first seven months of 2014,” said central bank economists Niamh Hallissey, Robert Kelly and Terry O’Malley in a report published today.
“This is therefore a key time to investigate the tools available to policy makers to safeguard future lending.”
Irish home prices soared 15 percent in the year through August, driven by a 25 per cent jump in Dublin values amid a shortage of properties in the Irish capital, the Central Statistics Office said on September 24.
Still, values remain 41 per cent off their 2007 peak both for Dublin and nationally. Any limits would particularly affect first-time buyers, according to one of the people.
Irish mortgage approvals rose by 54 per cent in value to €462 million in July compared to the same month last year, according to Banking and Payments Federation Ireland.
In 2006, mortgage lending surged to €40 billion. Davy, Ireland’s largest securities firm, said that some lenders are beginning to relax lending criteria as the property market recovers.
“It appears some banks are willing to lend 4.5 times combined income to higher-rated borrowers, but this is at the upper end of what is typically deemed responsible internationally,” Davy said in a report yesterday.
“Typically a limit of 3-4 times is considered a more acceptable level. The onus is on the central bank to put limits on the amount of money that can be borrowed to help keep house prices in check.”

Thirteen children have died on our roads so far this year, 

7 were killed in the whole of 2013

 

Deaths on Irish roads have remained high this year, after increasing for the first time since 2005 last year.
140 people have been killed so far this year  on Irish roads.
The Road Safety Authority has expressed concern about the high numbers of vulnerable road users being killed.
Thirteen children under the age of 14 have died in road traffic accidents so far this year, compared to seven children who were killed on the roads in the whole of 2013.
Moyagh Murdock, CEO of the Road Safety Authority said: “This year, for the second year in a row, we are seeing a marked increase in deaths on our roads when compared with previous years, where great strides were made to reduce deaths.
Vulnerable road users are most at risk this year – the old and the young, cyclists, pedestrians and motorcyclists.
“We really need to redouble our efforts to try and reduce what was the worst year on our roads in seven years last year.”
Irish Road Safety Week is on from October 6 to 12, the RSA is urging people to get involved in this national drive to save lives.

Sharp fall in the number of Ireland's critical care hospital beds

  • The number of Irish Hospital critical care beds has fallen from 289 to 233
  
An intensive care unit: none of the Republic’s 19 maternity units has an intensive care unit
The number of critical care hospital beds has fallen sharply over the past six years despite a recommendation to double capacity.
The shortage of intensive care beds was highlighted this week at the inquest of Dhara Kivlehan, who died in September 2010 after giving birth a week earlier in Sligo Regional Hospital.
Ms Kivlehan was moved to the Royal Victoria Hospital in Belfast after no bed could be found in the intensive care units of three hospitals in the Republic.
A year before her death a HSE-commissioned report recommended a 45 per cent increase in the number of critical care beds from 289 to 418. Prospectus Consultants said a further increase to 579 beds was needed in the years up to 2020. However, far from increasing, the number has fallen from 289 to 233 at the present time.
The HSE sought to provide an extra 10 critical care beds in the service plan for this year, at a cost of €3 million a year, but was forced to scrap the plan because of funding cuts in last year’s budget, correspondence between the HSE and the Department of Health shows.
Bed occupancy
The HSE says it is implementing a “critical care bed bureau” to optimise utilisation of beds nationally by providing live information on bed occupancy in all units.
However, Ms Kivlehan’s husband Michael said an internal report a few weeks after his wife’s death in 2010 recommended such a national system be put in place.
The HSE was unable to say yesterday why there was such a delay in implementing this recommendation.
None of the Republic’s 19 maternity units has an intensive care unit.
Speaking in the Dáil on Tuesday, Minister for Health Leo Varadkar said while Ireland needed more obstetricians than the 120 available, this was more per head than Canadaand New Zealand.

Staff Lieut Gen. Surprise at soldiers sleeping in cars claim

Says Lieut Gen Conor O’Boyle
  
Lieut Gen Conor O’Boyle: “I would encourage any soldier that has had to sleep in his or her car to talk to the officer in charge in the barracks they’re working in. We do have accommodation”
Defence Forces Chief of Staff Lieut Gen Conor O’Boyle has said he was surprised at Pdforra’s suggestion this week that some soldiers were sleeping in their cars at barracks because they did not have the money for the fuel needed to drive home and back the following morning.
He said anyone sleeping in their car should bring it to the attention of the chain of command and accommodation would be provided for them in their barracks.
Minister for Defence Simon Coveney said he planned to establish the full facts.
“If people are sleeping in their cars, I am very uncomfortable with that and it shouldn’t be happening.
“I would encourage any soldier that has had to sleep in his or her car to talk to the officer in charge in the barracks they’re working in. We do have accommodation . . .
“If there’s one thing the Defence Forces do very well it’s they stick together, they work together and they look after each other.”

Moon’s hidden valley system now revealed

  
The Moon as we see it (L), in terms of height variation (C), and from surface gravity variations (R)
Scientists have identified a huge rectangular feature on the Moon that is buried just below the surface.
The 2,500km-wide structure is believed to be the remains of old rift valleys that later became filled with lava.
Centred on the Moon’s Procellarum region, the feature is really only evident in gravity maps acquired by Nasa’s Grail mission in 2012.
But knowing now of its existence, it is possible to trace the giant rectangle’s subtle outline even in ordinary photos.
Mare Frigoris, for example, a long-recognised dark stripe on the lunar surface, is evidently an edge to the ancient rift system.
“It’s really amazing how big this feature is,” says Prof Jeffery Andrews-Hanna.
“It covers about 17% of the surface of the Moon. And if you think about that in terms relative to the size of the Earth, it covers an area equivalent to North America, Europe and Asia combined,” the Colorado School of Mines scientist told BBC News.
“When we first saw it in the Grail data, we were struck by how big it was, how clear it was, but also by how unexpected it was.
“No-one ever thought you’d see a square or a rectangle on this scale on any planet.”
The full Moon as seen from the Earth, with the Procellarum border structure superimposed in red
So how was this extraordinary feature produced?
Andrews-Hanna and colleagues note that the Procellarum region contains a lot of naturally occurring radioactive elements, such as uranium, thorium and potassium.
On the early Moon, these would have heated the crust, which, when it cooled would have contracted.
Mare Frigoris is evidently an edge to the ancient rift valley system
This shrinking, they propose, would have ripped the surface, opening deep valleys. The geometry is the giveaway.
On Earth, cooling and contraction will preferentially produce hexagons containing 120-degree angles.
The famous Giant’s Causeway in Northern Ireland is a classic example on the small scale, but even in bigger settings, such as in East Africa’s rift valleys, geological lines tend to intersect in this way.
Procellarum’s giant rectangle does the same, too – because the entire feature is draped over a sphere. This means the angles at the corners are wider than 90 degrees.
“What we’re seeing is a clever trick of spherical geometry. For structures on this scale, a polygon with 120-degree angles at the corners actually has four sides instead of six,” explained Prof Andrews-Hanna.
The team cannot tell when the rifting occurred, but the dating of Moon rocks brought back by Apollo would suggest the valleys were filled by volcanic lavas about 3.5 billion years ago.
Giant’s Causeway: Cooling basaltic rock naturally fractures into hexagons
The Grail satellites sensed very subtle variations in the pull of gravity across the Moon’s surface
The new study goes some way to resolving arguments over the origins of Procellarum, which looks different to other, more circular mare (dark regions) on the Moon’s surface.
For these regions, big asteroid impacts were more important in sculpting their forms.
The study is also further proof of the value of the Grail mission, led from the Massachusetts Institute of Technology.
This comprised two, near-identical satellites that chased each other around the Moon over the course of a year.
They mapped changes in the pull of gravity as they flew over areas of differing mass.
Big mountains will have a different signal to deep depressions, obviously. But the data also reveals those locations that have different rock types and densities.
In the case of Procellarum, the pair sensed an excess of mass stemming from the presence of all the basaltic lava filling the rift valleys.