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Bank of England governor warns housing market is biggest threat to UK economy
Sunday, May 18, 2014
The governor of the Bank of England, Mark Carney, has warned that the state of the housing market in the United Kingdom is the current biggest domestic threat to the country’s economy, due to lack of house building, and regulatory issues.
In an interview to be aired on Sky News today, he said the housing market is the “biggest risk” to the economy and has “deep, deep structural problems”. Of house building he said: “There are not sufficient houses built in the UK. To go back to Canada, there are half as many people in Canada as in the UK, twice as many houses are built every year in Canada as in the UK and we can’t influence that.”
“We’re not going to build a single house at the Bank of England. We can’t influence that. What we can influence […] is whether the banks are strong enough. Do they have enough capital against risk in the housing market?”
Carney also said the Bank of England would look into the procedures used to issue loans and mortgages to see if they were being granted appropriately: “We’d be concerned if there was a rapid increase in high loan-to-value mortgages across the banks. We’ve seen that creeping up and it’s something we’re watching closely.”
Kris Hopkins responded to Carney on behalf of the government, saying the government “inherited a broken housing market, but our efforts to fix it are working”. “We’ve scrapped the failed top-down planning system, built over 170,000 affordable homes and released more surplus brownfield sites for new housing. We’ve also helped homebuyers get on the housing ladder, because if people can buy homes builders will build them. Housebuilding is now at its highest level since 2007 and climbing. Last year councils gave permission for almost 200,000 new homes under the locally-led planning system and more than 1,000 communities have swiftly taken up neighbourhood planning. It’s clear evidence the government’s long-term economic plan is working.”
Earlier this month, the Organisation for Economic Co-operation and Development called on the UK government to “tighten” access to the ‘Help to Buy’ scheme introduced by George Osborne and the coalition government in 2013. ‘Help to Buy’ has also recently been criticised by three former Chancellors of the Exchequer — the Conservatives Norman Lamont and Nigel Lawson, and former Labour Chancellor Alistair Darling. Darling said: “Unless supply can be increased substantially, we will exacerbate that situation with schemes like Help to Buy.”
Ontario Votes 2007: Interview with Communist Party candidate Shona Bracken, Toronto Danforth
Sunday, October 7, 2007
Shona Bracken is running for the Communist Party in the Ontario provincial election in Toronto—Danforth. Wikinews interviewed her regarding her values, her experience, and her campaign.
Author Amy Scobee recounts abuse as Scientology executive
Monday, October 11, 2010
Wikinews interviewed author Amy Scobee about her book Scientology – Abuse at the Top, and asked her about her experiences working as an executive within the organization. Scobee joined the organization at age 14, and worked at Scientology’s international management headquarters for several years before leaving in 2005. She served as a Scientology executive in multiple high-ranking positions, working out of the international headquarters of Scientology known as “Gold Base”, located in Gilman Hot Springs near Hemet, California.
Wikinews 2014: An ‘Original reporting’ year in review
Wednesday, December 24, 2014With the English-language Wikinews continuing to increase the amount of original content published, we take a look back at some of the eighty-plus original reports from our contributors during 2014.
Ozzy Osbourne’s personal possessions fetch $800,000 for charity
Sunday, December 2, 2007
American heavy metal performer Ozzy Osbourne, who became famous as the lead vocalist for Black Sabbath and later as a solo act, has raised more than US$800,000 for The Sharon Osbourne Colon Cancer Program, founded by his spouse Sharon Osbourne at the Cedars Sinai Hospital, by auctioning off personal items.
A number of the items that he auctioned off over the two day period have been seen on his reality TV show The Osbournes, which featured home life with Sharon, Ozzy and their two children. Amongst some of the higher-priced items were a carved walnut Victorian-style custom built pool table which raised $11,250, a painting from Edourad Drouot which fetched $10,500, a pair of Ozzy’s famous round glasses which raised $5,250 and a dog bed given to Sharon by Elton John which sold for $2,375.
Some more famous items were also amongst the 500 lots offered. Ozzy’s black satin coat, complete with bat-wing cape, raised $3,300 and a hand-painted floral cup used regularly on The Osbournes made $1,625. A bronze plaque of a demon’s head that was regularly seen in its position adorning the front door of their house had been expected to go for $800 to $1,200instead raised $8,750. A wire model of the Eiffel Tower from on the kitchen table sold for $10,000, while skull-covered trainers Ozzy had worn reached $2,625. Bidders came from as far away as Germany to buy what they could from his mansion in Beverly Hills, California.
However, three cars included in the auction failed to attract bidders and did not sell. They were a 2006 Bentley Continental Flying Spur, estimated at $160,000 to $180,000, a 2005 Cadillac CTS-V sedan estimated at $30,000 to $40,000 and a 1950 Oldsmobile Futuramic 88 Club Coupe previously owned by author Danielle Steel estimated at $40,000 to $50,000. Sharon had earlier said of the cars “We’re not great car people. They really don’t do a lot for us.
Darren Julien, president of Julien’s Auctions, which organised the two-day sale, said “It did very well. It raised some good money for a very worthy cause.”
“For a celebrity garage sale, it was pretty spectacular.,” he went on. He also commented on the fact that there was fierce competition for the many artworks included. “We had Ozzy fans bidding against these sophisticated fine art buyers, which you don’t see every day. For the most part the metalheads were outbidding the art crowd.”
Discover The Architecture Of Oslo}
Read An Opinion On:
Discover the Architecture of Oslo
by
Lukas Johannes
As a cosmopolitan city centre, Oslo has plenty going for itfrom being the place where the Nobel Prize awardees are chosen, to being the birthplace of a number of important figures in the history of art and literature. It is also home to some wonderful architecture, which is well worth taking the time to explore up close.
Once you’ve booked your flight and your airport transfer service, do a little research and create your own perfect itinerary for your visit.
The Quirky
Oslo boasts a host of modern buildings that defy convention and its difficult to write a justifiable list of the best of them. However, there are some that stand out. The Oslo Opera building juts from the harbour, with an angled, gleaming white exterior thatfrom a certain perspectivemakes the building appear to actually rise from the water. Its large transparent windows allow passers-by to see the rehearsals and activities inside, serving as an enticing invitation to enter. You can also go up to the rooftop and enjoy panoramic views of the city and the surrounding fjord.
Another example of unusual architecture, the Holmenkollen Ski Jump emerges out of a hill and soars into the sky. This structure is one of the most provocative constructions in Oslo and, since its completion, has served an iconic place in the citys history.
The Delightfully Intriguing
Oslos buildings and modern architectural achievements have won international renown. The citys architects love to challenge themselves to push their own skills to the limit, and even residential buildings, such as the Spikerverket Housing or the MAD building, take on an intriguing aesthetic appeal, thanks to the cutting-edge techniques and creativity of their designers. There is also a clear emphasis on allowing people to enjoy and immerse in the views of the natural wonders that surround the city (in particular the fjords) by executing the kind of design that is open or transparent, to allow the bountiful infusion of natural light.
Getting Around the City
An established and well-facilitated city, Oslo is home to some very efficient means of intra-city transportation. For instance, for optimum convenience and hassle-free arrivals and departures, there’s the option of a private airport transfer service. It is a good idea to pre-book the airport transfer service as soon as you book your flights, so you can be sure of a smooth arrival and transportation to your accommodation. Aside from that, Oslo has every means of modern transportationfrom public buses to trains and even limousines, if you want to tour the city in style.
Lukas Johannes is a driver for Shuttle Direct. If youre looking for an
airport transfer service
, Shuttle Direct provide pre-booked shuttles to major destinations all over Europe. Wherever you travel, Shuttle Direct can make sure that you dont miss your car on your holiday abroad.
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Discover the Architecture of Oslo}
IRA orders end to armed campaign
Thursday, July 28, 2005
The Provisional Irish Republican Army, in a statement released earlier today (in one form as a DVD, with the statement being read by Séanna Breathnach), has declared that it intends to end its campaign of violence and decommission its weapons.
The move comes after international pressure to decommission weapons and cease all violent activity, particularly after allegations regarding the murder of Robert McCartney in Short Strand, Belfast, and a burglary of the Northern Bank in December of last year.
Members have been ordered to dump all arms and cease all paramilitary activity as of 16.00 BST (15.00 UTC) today, and the organisation’s leadership states that it will pursue its aims through exclusively peaceful means. The statement reaffirms the IRA’s view that its “armed struggle was entirely legitimate” as a means of pursuing the organisation’s goal of a united Ireland, but states that many suffered during this conflict and that society is now compelled to build a lasting peace.
In its statement the IRA also appealed to the British government and Northern Irish Protestants to renew negotiations with them.
Reaction to the statement has been mixed.
- “I think it has all the clarity that people have looked for this past 12 months. Of course there are lots of other issues in the peace process, which we have to continue to build on and build confidence on” — Bertie Ahern, Taoiseach (Irish Prime Minister)
- “This may be the day when finally, after all the false dawns and dashed hopes, peace replaced war, politics replaces terror on the island of Ireland. […] It is what we have striven for and worked for throughout the eight years since the Good Friday Agreement.” — Tony Blair, Prime Minister of the United Kingdom
- “For the first time we have heard directly from the IRA not Sinn Fein that henceforward they are going to adopt peaceful means in seeking their political objectives” — Peter Mandelson, European Union Commissioner, former Northern Ireland Secretary
- “11 years after the first IRA ceasefire these are the words that we needed and wanted to hear.” — Alex Attwood, SDLP
- “I know there have been some who have been sceptical about whether republicans, the IRA in particular, were really interested in this process. I think today’s statement shows that they are. The IRA doesn’t have to do this. It is only doing this to try and give some assurance to those who are nervous or who are genuinely concerned. The IRA is not just stretching itself. It is actually overstretching itself to try to bring about the restoration of the peace process.” — Gerry Adams, Sinn Fein President
The leadership of Óglaigh na hÉireann has formally ordered an end to the armed campaign. This will take effect from 4pm this afternoon.
All IRA units have been ordered to dump arms. All Volunteers have been instructed to assist the development of purely political and democratic programmes through exclusively peaceful means. Volunteers must not engage in any other activities whatsoever.
The IRA leadership has also authorised our representative to engage with the IICD to complete the process to verifiably put its arms beyond use in a way which will further enhance public confidence and to conclude this as quickly as possible.
We have invited two independent witnesses, from the Protestant and Catholic churches, to testify to this.
The Army Council took these decisions following an unprecedented internal discussion and consultation process with IRA units and Volunteers.
We appreciate the honest and forthright way in which the consultation process was carried out and the depth and content of the submissions. We are proud of the comradely way in which this truly historic discussion was conducted. The outcome of our consultations show very strong support among IRA Volunteers for the Sinn Féin peace strategy.
There is also widespread concern about the failure of the two governments and the unionists to fully engage in the peace process. This has created real difficulties. The overwhelming majority of people in Ireland fully support this process. They and friends of Irish unity throughout the world want to see the full implementation of the Good Friday Agreement.
Notwithstanding these difficulties our decisions have been taken to advance our republican and democratic objectives, including our goal of a united Ireland. We believe there is now an alternative way to achieve this and to end British rule in our country. It is the responsibility of all Volunteers to show leadership, determination and courage. We are very mindful of the sacrifices of our patriot dead, those who went to jail, Volunteers, their families and the wider republican base. We reiterate our view that the armed struggle was entirely legitimate.
We are conscious that many people suffered in the conflict. There is a compelling imperative on all sides to build a just and lasting peace.
The issue of the defence of nationalist and republican communities has been raised with us. There is a responsibility on society to ensure that there is no re-occurrence of the pogroms of 1969 and the early 1970s. There is also a universal responsibility to tackle sectarianism in all its forms.
The IRA is fully committed to the goals of Irish unity and independence and to building the Republic outlined in the 1916 Proclamation.
We call for maximum unity and effort by Irish republicans everywhere.
We are confident that by working together Irish republicans can achieve our objectives. Every Volunteer is aware of the import of the decisions we have taken and all Óglaigh are compelled to fully comply with these orders.
There is now an unprecedented opportunity to utilise the considerable energy and goodwill which there is for the peace process. This comprehensive series of unparalleled initiatives is our contribution to this and to the continued endeavours to bring about independence and unity for the people of Ireland.
“Woofstock” dog festival in Toronto, Ontario, Canada
Tuesday, June 12, 2007
North America’s largest outdoor dog festival came back to Toronto last weekend for its fifth year. It ran from the 9th of June to the 10th of June at Toronto’s historical St. Lawrence Market. A Wikinews reporter was there on Sunday to report on some of the events that happened on the last day.
The “Woofstock” dog festival attracted as many as 140,000 people with their dogs. The festival had tons of accessories, sold under tents, to buy for dogs; food, toys, designer clothes, and more. About 400 vendors and exhibitors were there to promote their products, which also gave private dog companies or groups a chance to show their new products. The local SPCA and some animal rescues were under tents answering questions from visitors. While walking, all visitors could see the CN Tower and other very tall buildings.
One of the local TV stations, Citytv, was there. They hosted a live event at the show which was broadcast on TV. People came up on the stage and asked questions regarding their dogs and the host and co-host answered them.
A man, who called himself the “Chalk Master”, drew two pictures on pavement with chalk. He did it for free but donations were welcome. One was a picture of a girl’s head beside a dog’s head, and another with a wolf.
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- “Hello Humans. I’ve been invited here to provide your eyeball(s), with some pretty colours. I don’t get paid as I work this weekend strictly for tips… so, if you like what you see please make a DONATION. If you don’t like it simply reach into the pocket of the person next to you and give me their money. CHALK MASTER.”
A contest called “Canada’s top dog” had its own tent with a professional photographer taking pictures of dogs behind a white screen; the winning photo is to be published on the cover of “Puppy and dog basics” magazine.
Large “Gourmet” dog bones were also served from a cart and table.
Next year’s festival is expected to be bigger and better with even more attractions.
Canada women’s national wheelchair basketball team gets its first win of London Paralympics
Sunday, September 2, 2012
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London, England — Yesterday at London’s Basketball Arena, the Canada women’s national wheelchair basketball team earned their first victory of the London Paralympics when they defeated the Australia women’s national wheelchair basketball team 57–50.
Canada took a one point lead into the second half, when the scores were 33–32 because of a last minute foul that sent Canada to the free throw line where they capitalized by making one of their shots. 4.5 point player Janet McLachlan and 2 point player Katie Harnock dominated in minutes played for Canada during the first half, playing all 20 minutes and leading their team in scoring with 11 first half points for McLachlan and 12 for Harnock. The Canadian team was loudly supported by spectators, earning more cheering from the largely Great Britain supporting fans than the Australians.
The second half saw Canada slowly increase their lead, keeping tied with Australia 4–4 in the first half of third, 6–4 in the last half of the third, 6–4 in the first half of the fourth, and 8–6 in the last half of the fourth. McLachlan finished the game as Canada’s leading scorer with 28 total, 17 in the second half. Harnock had a quieter second half only scoring 2 points to finish with 14. Cindy Ouellett was the team’s third leading scorer, finishing the game with ten.
The Canadian team supported their team from the bench, chanting “Get it out! Get it out!” when on defense and “Let’s go Canada” when on the offense. Other times, one player led the team in chanting support for their players on the court. The team was consistently louder than the Australian bench.
Throughout the game, the Canadians tipped themselves over more in their chairs than the Australians. Ouellett tipped once, and bounced in her chair, with a wheel leaving the ground as she attempted to block shots and steal the ball. Ouellett and Australian Cobi Crispin locked wheels, and required a break in the game where Australia’s coach came on to the court and removed Ouellett’s wheel to detach the pair before putting it back on again.
Following the game, Australia’s Amber Merritt said of playing Canada, “I have the utmost respect for Canada. They’re a great team, but we’ll refocus on the game tomorrow [against the Netherlands] and go out and play like we know we can, the Australian way.”
Prior to the start of the game, McLachlan was the team’s dominating player in the competition. She was ranked eighth in the competition in field goal percentage, and was Canada’a highest ranked player in this category. She ranked second in the tournament in total field goals made per game, with 12. Teammate Katie Harnock ranked eighth. Tara Feser ranked fourth in the tournament for 2 point field goal percentage at 57.1%, while McLachlan ranked ninth with 50.0%. McLachlan was second in 2 point field goals made per game, at 12. Harnock was tied for first with Mexico’s Floralia Estrada Bernal in the competition for 3 point field goal percentage at 20%, and was ranked second in the tournament for most 3 point field goals made with one.
As a team coming into the game, Canada was ranked sixth in total field goal percentage, eighth in free throw percentage, sixth in average rebounds per game, second in fouls, and last in turnovers.
Coming into this game, Canada had lost their first game 70–59 to the Netherlands. They are scheduled to play Brazil today.