Monthly Archives: June 2020

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.”

Friday, December 23, 2011

Speaker of the U.S. House John Boehner announced yesterday that he would agree to a two-month extension of the payroll tax cut. In an effort to end the impasse between the House and Senate, Boehner told Senate Democratic leader Harry Reid that he would schedule a House vote on the Senate version of the bill that would extend the tax cut, which was due to expire at the end of the year.

Speaker Boehner announced the agreement in a brief statement: “Senator Reid and I have reached an agreement that will ensure taxes do not increase for working families on January 1”. Boehner informed other congressmen of the deal in a conference call yesterday evening.

The House may pass the bill via unanimous consent today, which would not require the presence of all members. Boehner and Reid also agreed to a bipartisan negotiation committee to sort out differences and extend the tax cut for an entire year, a goal recently sought by Republicans in the House.

The extension of the payroll tax cut, which would prevent approximately 160 million Americans from seeing a tax increase in 2012, had already been passed by the Senate last weekend. Earlier yesterday, Senate Republican leader Mitch McConnell joined several other Republican Senators in encouraging the House to pass the extension.

Senate Democratic leader Harry Reid said that once the House acts, he “will be happy to restart the negotiating process to forge a yearlong extension.” At a news conference, Speaker Boehner issued a statement: “We have fought the good fight. Why not do the right thing for the American people even though it’s not exactly what we want.” President Obama also responded to the development in a statement: “This is good news, just in time for the holidays. This is the right thing to do to strengthen our families, grow our economy, and create new jobs. This is real money that will make a real difference in people’s lives.”

The tax cut extension impasse began when the House effectively rejected the Senate-approved version of the bill on Tuesday after being faced with opposition from House Republicans, specifically those associated with the Tea Party movement, who advocated for spending cuts and the controversial Keystone XL oil pipeline.

[edit]

Friday, November 3, 2006

On November 13, Torontonians will be heading to the polls to vote for their ward’s councillor and for mayor. Among Toronto’s ridings is Don Valley West (Ward 25). Three candidates responded to Wikinews’ requests for an interview. This ward’s candidates include John Blair, Robertson Boyle, Tony Dickins, Cliff Jenkins (incumbent), and Peter Kapsalis.

For more information on the election, read Toronto municipal election, 2006.

Friday, May 2, 2008

Odense Squash Club (OSC) won the Danish team club championship in squash. During the weekend of April 26 and 27, the final four of the Danish championship were played at OSC home stadium, Squash Center Danmark, due to OSC winning the league system this season. OSC beat Herlev/Hjorten Squash (Herlev) 6-1 in the final.

OSC was the favourite to take the gold this weekend, as they had already won league play with a comfortable lead over København Squash Klub (KSK), and therefore had home court and could pick their opponent in the first semi-final. OSC chose to play Åbyhøj Squash Klub (ÅSK) in the first semi final, and beat them with ease 6-1, only loosing the women’s second to Ditte Nielsen (ÅSK).

During the other semi, the favoured professionals from KSK, ran in to serious problems, as injured star player Alex Stait was not able to play for KSK giving the young Herlev team a chance in this semi. After 5 matches and down by two matches, Mikkel Kragholm (Herlev) and Thomas Pilak (Herlev) became double match winners when they each beat their opponents by 3-0 and 3-1, winning the match 4-3 for Herlev.

The final was, however, dominated by OSC, and Herlev wasn’t ever in the match. Only Danish individual champion Morten Sørensen was able to win for Herlev. Herlev lost the rest of the matches. OSC’s players proved to be to strong for last years bronze winners from Herlev. OSC won the Danish championship 6-1 in the final at Squash Center Danmark in Odense.

Saturday, March 1, 2008

While nearly all coverage of the 2008 Presidential election has focused on the Democratic and Republican candidates, the race for the White House also includes independents and third party candidates. These parties represent a variety of views that may not be acknowledged by the major party platforms.

Wikinews has impartially reached out to these candidates, throughout the campaign. We now interview independent Presidential candidate Frank Moore, a performance artist.

Thursday, September 20, 2007

Brooklyn Borough Hall featured a Who’s Who in New York’s literary community during the second annual Brooklyn Book Festival. According to Brooklyn Borough President Marty Markowitz, the borough’s zip code 11215 boasts more authors than anywhere else in the country. It appeared to be the case on Sunday. More than 100 authors were featured at the day-long event, including The Basketball Diaries writer Jim Carroll, former M*A*S*H star Mike Farrell, author and illustrator Mo Willems, Jack Kerouac‘s sometime lover and National Book Critics Circle Award recipient Joyce Johnson and PEN American Center President Francine Prose.

This year’s festival made use of Saint Francis College and the Brooklyn Historical Society to accommodate the big jump over last year’s 70 authors in participation to 115 this year. Although there is no official way to keep track of the numbers of attendees, Borough Hall officials estimated between 15,000 and 20,000 people attended.

Markowitz spoke with NY1‘s Inside City Hall host Dominic Carter, who shared stories of his childhood abuse. A lone protester from Develop Don’t Destroy, the group against the development of Brooklyn’s Atlantic Yards, held up a sign decrying Markowitz’s support for the project.

A highlight of the festival was recent Heinz Family Foundation award recipient Dave Eggers discussing with Nigerian poet Chris Abani a slide show of Eggers’s trip to Marial Bai, Sudan. Eggers wrote a fictional account of the life of Valentino Achak Deng, one of the Lost Boys of Sudan. The book, What Is the What, was a critical success.

One of the featured panels on “soon-to-be-published works of groundbreaking authors” that included Jim Carroll, The Women of Brewster Place author Gloria Naylor and playwright and music journalist Joe Meno, ran into problems. The panel was the final program and started half an hour late. Naylor failed to show, reportedly due to a death in the family. In the middle of Carroll’s presentation he was asked to stop speaking so they could close the courtroom where the event was held in the Borough Hall. Carroll was visibly upset. He asked the audience if they wanted to hear one song, to which they enthusiastically cheered until the festival organizers cut off his microphone to keep to a schedule that required they vacate the premises by a certain time.

Steven Carter and Bernice McFadden also failed to attend; McFadden stated on her blog that she came down with a stomach illness. The Brooklyn Book Festival had no comment.