Ireland Gets Tesla’s Electric...

But this comes with some caveats. Elon Musk's ambitious and successful electric car company Tesla is bringing the brand's signature cars to Ireland...

Global Economic Growth Still At a V...

Surveys and studies of financial analysts indicate the world is still far from growing rapidly as it did decades ago as major and emerging market econ...

Theresa May Vows To Protect Soldier...

UK Prime Minister Theresa May promised senior commanders of Iraq operations that every effort is made to stop British soldiers from falling victim to ...

Scheduled Protests of Junior Doctor...

The British Medical Association announced that junior doctors in England would be holding protests every month for the remainder of 2016. They ...

EIOPA States Regulators Need to Pay Closer Attention to PPI

Many customers have been devastated by the recent PPI crisis. The banks have been heavily criticized for using aggressive and dishonest practices to promote the insurance. Major financial regulators have also received a lot of flak for failing to prevent it. The European Insurance and Occupational Pensions Authority recently stated that the regulators will need to scrutinize PPI much more carefully.

EIOPA Alleges Regulatory Failings

The EIOPA said that the United Kingdom’s financial regulator failed to properly oversee the PPI market. They said that there were serious problems with the state of the financial market and the regulator failed to ensure the proper consumer protections were in place.

Martin Wheatley, Chief Executive of the new Financial Conduct Authority, recently made a similar statement. Wheatley said that the Financial Services Authority failed to create the safeguards needed to prevent such a scandal from occurring. He said that the new agency will be dedicated to preventing financial crises beforehand rather than containing the damage after they arise.

The banks have taken a lot of heat for selling PPI to their customers. They have been trying to fix their reputations and resolve many of the complaints that were filed against them. The Financial Ombudsman Service (FOS) has also shown little mercy on the banks and upheld many of the complaints customers have filed.

However, some critics feel that regulators and the FOS may have gone too far. One customer said that he filed a complaint against his bank long before the scandal gained so much publicity. This customer said that the claim was valid, but is skeptical that all other claims should have been upheld. He believes that many customers may have actually needed the insurance.

Other people share his perspective. They think that some of the claims should have been denied. They are worried that upholding too many claims could eventually create financial risks for the banks. This could make them more reluctant to uphold legitimate claims.

Proper Oversight Needed

The FCA and the EIOPA both feel that these issues will need to be resolved as soon as possible. Wheatley said that his staff is going to be more stringent on overseeing the banks. Banks will be required to work educate customers on the process and teach them how to use a PPI claim calculator to determine the value of their claim.

Ireland Gets Tesla’s Electric Car

But this comes with some caveats.

Elon Musk’s ambitious and successful electric car company Tesla is bringing the brand’s signature cars to Ireland.

However, it will not install chargers in the country.

Chargers for these vehicles are important as they are essentially gas stations for these vehicles.

In Dublin, Cork, Galway and Belfast will Tesla’s chargers appear. However, they have no immediate plans to install the chargers in the country. The devices are free and can charge half the car’s battery in 30 minutes, making them efficient as they are four.

The Tesla Model S Saloon and Model X SUV would become available to Irish customers.

Prices will start at around £79,000 for the Model S and £100,500 for the Model X SUV.

According to Tesla:

“Both vehicles come standard with active safety features for all customers, and additional autopilot capabilities can be enabled to make motorway driving safer and more enjoyable”.

“Tesla makes the only cars on the road that continue to get safer, smarter and more capable over time, thanks to free over-the-air software updates which roll out regularly to customers.”

Global Economic Growth Still At a Very Slow Pace

Surveys and studies of financial analysts indicate the world is still far from growing rapidly as it did decades ago as major and emerging market economies are still at a low point of progress. Weak investment, stagnant productivity and imbalanced private sector confidence continue to act as a pendulum to economic growth.

The Brookings-FT Tiger index presents a picture of general despondency in the global economy that more than offsets isolated signs of strength in some economic indicators in a few countries. A strong adverse feedback loop has set in with low growth, fragile business and consumer confidence, low interest rates, financial system stresses, trade tensions, and political instability feeding into and reinforcing each other.

According to analysis, ‘bogeymen’ acting as a cover for failures in economic policies continue to feed into protectionist and nationalistic investments, which leads to poor growth on many countries.

The US economy continues to send mixed signals. Growth in GDP and industrial production have weakened slightly during the course of the year. Investment and productivity growth are also stuck in the doldrums, but the labour market is humming along.

Employment growth remains robust, labour force participation is recovering, and wage growth has picked up. The Federal Reserve appears to have boxed itself into raising rates in December if these patterns in labour market data persist. Fiscal and regulatory policies are likely to remain prisoners of political stalemates, adding to the uncertainty that has kept business and consumer confidence muted.


Theresa May Vows To Protect Soldiers Who Fought In Iraq

UK Prime Minister Theresa May promised senior commanders of Iraq operations that every effort is made to stop British soldiers from falling victim to “legal system abuses” used by lawyers that represent Iraqis who believe they were victims of war crimes during the Iraqi occupation of the US and the United Kingdom a decade ago.

Mrs May, meeting with senior commanders, said that she would protect the UK armed forces from “vexatious complaints” that relate to the eight-year occupation where tens of thousands of British and US troops set foot on Iraqi soil.

Reports said that more than 1,200 cases of alleged abuse is to be dismissed in the next three months. Public Interest Lawyers lost its funding over troubles regarding conflicting evidence in a case against British forces.

A Downing Street statement said: “The prime minister spoke of her pride in the UK armed forces, and praised the work they do to keep our nation safe. She said that every effort must be made to prevent any abuse of the legal system, and restated her determination to protect the armed forces against any instances of vexatious complaints.”

But the Law Society, which represents lawyers, hit back, warning that political interference in the legal cases risked undermining “the independence of the legal profession, the rule of law, and the separation of powers which are fundamental to a strong and diverse society.”

Scheduled Protests of Junior Doctors To Be Expected

The British Medical Association announced that junior doctors in England would be holding protests every month for the remainder of 2016.

They scheduled the action to take place from 8 am to 5pm between September 12 and 16, October 5 and 11, November 14 and 18 and December 5 and 9.

The protests are due to disputes to new contracts, which does not address the issues faced by junior doctors in the United Kingdom. Backing the claims of junior doctors, Council Chairman Dr Mark Porter of the BMA said that the alienation and frustration of doctors in training and their right to take industrial action is proper.

According to General Medical Council Chief Niall Dickson, the matter is of great concern, but junior doctors and the BMA are disregarding the safety and exposure to harm of patients.

Labour Shadow Health Secretary Diane Abbott had called on Health Secretary Jeremy Hunt to address the issue of contracts and scrap them immediately.

“Zero-Hour” contracts had led to a point where general practitioners in NHS hospitals had made errors. In some cases, this has cost them their careers.

Mr Hunt said that the protests would only cause further misery and pain to patients nationwide. He recognises the issues of the doctors but the concern is for the patients.

According to the Academy of Medical Royal Colleges, it is “disappointed” saying:

We are acutely aware that the NHS is under extreme pressure at the moment. Patient safety and quality of care must be the priority.

“We know there are genuine concerns about the contract and working arrangements, but we do not consider the proposed strikes are proportionate.

“Five days of strike action, particularly at such short notice, will cause real problems for patients, the service and the profession.”

Burkini Ban is An Attack on Personal Liberty

According to Telegraph Writer Juliet Samuel, Muslim women in France are under fire from politicians who want to ban the Burkini.

The fully-bodied suit designed for swimming while covering up the entirety of one’s body is famous with many Muslim women as it allows them to swim while observing their religious customs.

As France’s increasing security issues increase especially in tourist spots and leisure areas, new measures in Cannes and Villenueve-Loubet are pushing women to observe their customs or just obey the law.

Ms Samuel said that France’s paranoia is understandable due to the attacks on Nice and many other recent Islamic Extremism acts that had cost the lives of many. She added that displaying religious affiliation and belief is far from displaying one’s extremism in belief.

According to Ms Samuel, the real enemies of Europe and anti-terrorism are people who take their belief to heart in their own interpretation. She highlighted that women wearing “obstructive religious clothing like face-coverings” do not disrupt teaching or court hearings.

She said that the Cannes and Villenueve-Loubet rules only display France as a theocratic regime no less different from what both are fighting against.

UK Housing Crisis Is At Its Lowest Level

Families are renting instead of buying new homes all over the United Kingdom.

According to the Resolution Foundation’s research, Greater Manchester along with other cities see a huge reduction in home ownership since the year 2000. Yorkshire and West Midlands — notable for reduced prices in properties — are seeing sharp drops.

In 2003, England saw a huge increase of home ownership in 2003 and 71% of households owned their home. Today, the figure had fallen down to 64% according to the Foundation’s research. The thinktank said it is the lowest since 1986.

The analysis of the foundation highlights the scale of the Prime Minister’s job to improve the housing deficit that she promised.

The report, based on analysis of the latest Labour Force Survey, showed that in early 2016 only 58% of households in Greater Manchester were homeowners, compared with a peak of 72% in 2003. In outer London, the peak in ownership came earlier, in 2000, but the fall was also from 72% then to 58% in February. The West Midlands and Yorkshire have also seen double-digit drops, driven by declines in Sheffield and Leeds.

Stephen Clarke, policy analyst at the Resolution Foundation, said: “London has a well-known and fully blown housing crisis but the struggle to buy a home is just as big a problem in cities across the north of England.”

Assad Should Go To End Syrian Suffering -Johnson

UK Foreign Secretary Boris Johnson said ahead of international talks that Syrian President Bashar al-Assad must go if Syrians are to find peace in the Middle East.

The five-year civil war continues as millions of Syrians are displaced worldwide. The burden of the attacks continue to threaten innocent civilians with most casualties being women and children.

This is in contrast with Mr Johnson’s earlier statement that Mr Assad could be the key to defeating the Islamic State militant group in the country before the new Prime Minister Theresa May had appointed him as diplomat.

“We need someone to provide the boots on the ground; and given that we are not going to be providing British ground forces – and the French and the Americans are just as reluctant – we cannot afford to be picky about our allies,” he wrote.

“We have the estimated 70,000 of the Free Syrian Army (and many other groups and grouplets); but those numbers may be exaggerated, and they may include some jihadists who are not ideologically very different from al-Qaida.

“Who else is there? The answer is obvious. There is Assad, and his army; and the recent signs are that they are making some progress. Thanks at least partly to Russian airstrikes, it looks as if the regime is taking back large parts of Homs. Al-Qaida-affiliated militants are withdrawing from some districts of the city. Is that a bad thing? I don’t think so.”

ISIS Claims Responsibility for Car Bombing in Baghdad

At least 120 people died after ISIS had launched an attack against Shia Muslims practicing Ramadan in the suburbs of Karada.

Using a car bomb, the terrorists had exploded a shopping district in central Baghdad. The second bomb had killed at least 120, making the first day of Ramadan the most deadly day in Iraq’s capital and exposing the holes inside the government’s security.

According to Iraqi Prime Minister Haider al-Abadi three days of mourning for the victims will be observed. He said he would punish the perpetrators of the attacks. He had assured citizens that he will restore security to towns and cities and a semblance of order to the country’s finances.

Corruption has been deep in the Iraqi government according to analysts.

Analysts and observers condlude that the ISIS were targeting families and young people out in the street early to observe Ramadan.

According to an Arab intelligence official in Baghdad, ISIS is attuned to symbolism.

As their Falluja fortress fell to the joint efforts of air attacks and government ground assaults, they needed to pay back for what happened to Falluja.

The intelligence analyst said “They want Abadi to know that they still live among them and despite their losses they will not go anywhere.”

The battle in Syria and against ISIS continues as US-backed militia made up of Syrian Kurds and Arab Fighters are trying to dismantle the second ISIS base of Raqqa and al-Bab, its western stronghold.

Internalised Homophobia an Angle At Ontario Shootout

Investigators revealed that Omar Mateen was not a full-fledged member of the Islamic State. He had only declared his allegiance before his attack in the Orlando gay nightclub Pulse. Mateen was said to have been using gay chat apps and had frequently contacted several regulars – some of which who survived – before he initiated his attack.

According to survivor Ty Smith, he had once conversed with a Mateen that often was drunk in the corner of the bar. Mr Smith described that Mateen would get drunk and become loud. He would also talk about his son and his wife to him and some other regulars.


FBI investigators are convinced that Mateen may have been heavily influenced by radical Islamism but is considering the possibility of the killer’s motive as being that of an internal homophobia inside of him.

According to Mateen’s ex-wife Sitora Yusufiy, Mateen might have had hidden feelings about being gay.

“Although it is not common, it’s not unheard of for people to be violent to other people who are LGBT (lesbian, gay, bisexual and transgender) as part of overcompensating for something that they are struggling with themselves,” says Genevieve Weber, who has specialised in counselling people affected by internalised homophobia and now teaches counselling at Hofstra University in New York.

“It’s could be part of the notion, ‘If I differentiate myself enough, I can’t be gay’.”

Researchers say it happens involuntarily, and while Mateen would be a very extreme example, it is an issue that affects many LGBT individuals at some time in their lives.

MPs Call On Government to Take Off EU Links In Government Websites

According to former London Mayor Boris Johnson and 30 other MPs, the government must remove all pro EU-links in the government website by Friday or else it risks breaking the law.

The UK initiates Purdah before every election and referendum. It is the run-up to the election where the government is not allowed to make any major announcements.

Heeding the MPs’ call, Chancellor George Osborne said the government would comply with the rules. He said: “Of course the Government will comply with the law and Government websites will comply with the purdah rules, and we are confident that they do.

“But can I make a general observation. You and I have fought for this referendum, the referendum is taking place, there are some huge issues at stake about Britain’s economy, Britain’s security, Britain’s place in the world.

“We have perfectly honourable disagreements on those big issues. Let’s debate the substance rather than the process and then the British people will feel they’ve had a range of opinions and they can make their mind up.”

However, an insider source said the links would still stay in the website but no new information would be posted or linked to during Purdah.

In a letter, the 30 MPs said:

“We therefore demand that any government web pages carrying material published with the intention of persuading people to vote remain should be taken down before Section 125 of PPERA (Political Parties, Elections and Referendums Act 2000) comes into force this Friday.”