The spooky mortgage risk signs our bankers are ignoring

The spooky mortgage risk signs our bankers are ignoring

Posted October 13, 2017 10:51:53 I’m not normally a fan of Parliament hauling private sector executives before them and asking thorny questions. But when the Australian House of Representatives did so this week with the big banks, it was both useful and instructive. And, to be perfectly frank, terrifying. Let’s start with Westpac chief executive officer Brian Hartzer. First, he confirmed the little-known but startling fact that half of his $400 billion home loan book consists of interest-only mortgages. Yep, half. Of $400 billion. At one bank. Oh, and ANZ,…

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They adopted her thinking she was abandoned. Then they learned the truth.

They adopted her thinking she was abandoned. Then they learned the truth.

Watch “Kids for Sale” tonight at 9 ET on AC360. She and her mother are speaking via Skype more than 7,400 miles apart. Namata, or Mata as she’s known, talks from the home of her adoptive parents in Ohio. Her mother watches via a laptop in Uganda, in a quiet spot away from her village. “Hello,” Mata says. “How are you doing?”   Her mother laughs. She’s in awe of laying eyes on the daughter she thought she’d lost forever. Mom holds a newborn, and Mata says she wants a closer…

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Pink regrets saying she’s Team Taylor

Pink regrets saying she’s Team Taylor

SINGER Pink rarely apologises for being outspoken but in a new interview she says she never should have got involved in Taylor Swift and Katy Perry’s spat. In an interview with the Los Angeles Times, the 38-year-old recalled being asked on a London radio program if she was on Swift’s side or Perry’s. “Taylor. Is that OK?” she replied. “You can’t win no matter what you say, anyway. Everyone wakes up offended.” media_cameraKaty Perry and Taylor Swift in happier times. Picture: GettyNow, the mum-of-two says she should have declined to…

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Little red pill being pushed on the elderly

Little red pill being pushed on the elderly

And much of the money is coming straight from the federal government. The pill, called Nuedexta, is approved to treat a disorder marked by sudden and uncontrollable laughing or crying — known as pseudobulbar affect, or PBA. This condition afflicts less than 1% of all Americans, based on a calculation using the drugmaker’s own figures, and it is most commonly associated with people who have multiple sclerosis (MS) or ALS, also known as Lou Gehrig’s disease. Nuedexta’s financial success, however, is being propelled by a sales force focused on expanding…

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Landsdale’s perplexing ‘pole road’ closed

Landsdale’s perplexing ‘pole road’ closed

PERTH’S most infamous power pole is still inside the confines of a street in Landsdale – and it now has company. A day after Seven News Perth reported residents’ concerns, the pole had water-filled bollards and three traffic controllers stationed around it at the intersection of Candlestick Avenue and Landsdale Road. They were put on duty after locals queried the safety of the pole, which became marooned on the road after the kerb was built a metre away from it. The developers of a new sub-division built the road around…

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