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Robot to run for mayor promising ‘fairness and balance’ for all…

“And in line with election propaganda, the robot nominee, dubbed Michihito Matsuda, has branded vans, posters and inspirational soundbites” writes Abigail O’leary for mirror.co.uk. Finally, the artificial intelligence candidate claims to rationally compromise when conflicts arise between residents.A robot has been nominated to run for the position of mayor in Tokyo, promising to be “fair and balanced” to all its constituents.The mayoral election in Tama City features the usual high-ranking local politicians, as well as an artificial intelligence candidate competing alongside its human counterparts. Source: mirror.co.uk Share This:

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Real estate in the world’s 2 biggest financial centres is stalling

“People are seen walking past estate agent signs outside a row of houses, in south London” writes Will Martin for businessinsider.com. Reuters/Toby Melville LONDON — The previously runaway property markets of some of the world’s largest financial centres are slowing down rapidly.”Stamp duty and Brexit have killed the fluidity of the London market.Only when the extent of the resulting economic damage is properly understood will things be able to change for the better,” Toby Whittome, an estate agent with Jackson Stops said, according to the Guardian newspaper. Source: businessinsider.com Share This:

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Eddie Stobart brand in the balance as haulier’s bosses mull usage fee

“The iconic name of road haulier Eddie Stobart is hanging in the balance after bosses suggested they were in two minds about whether to cough up for the rights to keep using it” writes Bradley Gerrard for telegraph.co.uk. Chief executive Alex Laffey said: “We are passionate about our name and the leading brand, however, we also recognise that following the introduction of our new strategy and recent acquisitions, we need to review our position given the broader range of supply chain services we now offer.” Eddie Stobart Logistics spun out…

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Markets News Stocks 

Stop being squeamish about investing and learn these 6 basic concepts

“Index mutual funds are considered passive because the investment mix simply mirrors a particular section of the stock market” writes Dayana Yochim for marketwatch.com. Generally, the baskets here are asset classes: stocks, bonds, mutual funds and cash.Why it matters: Even if you don’t invest in individual stocks, if you own mutual funds (within a workplace retirement plan or an IRA), you’re exposed to either active or passive management.Dollar-cost averaging is shorthand for investing set amounts of money at regular intervals, such as once a week or month.Commit to adding an extra $100…

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Future of TV in balance as AT&T, TIME WARNER plead merger case…

“AT&T and Time Warner also are not direct competitors, making the deal a so-called vertical merger between companies on the same supply chain” writes Reuters Editorial for reuters.com. AT&T has said the merger would result in more than $2.5 billion in annual cost savings by 2020.AT&T says a merger benefits consumers by creating efficiencies.AT&T lawyer Daniel Petrocelli had asked for access to communications between the White House and Justice Department about the deal, but Judge Leon denied the request. Source: reuters.com Share This:

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A tale of two hotels: Italy’s bad loan sales hang in the balance

“With some investors saying Italian bad loan portfolios on sale can easily attract two dozen bids, banks can hope rising competition among investors will help stem future loan losses” reports businessinsider.com. Returns are still attractive considering Italian soured loans fetched on average 18 percent of their face value last year, Italian bad loan specialist Banca IFIS calculated.A well-oiled market would help Italian banks deal with new European rules which will give lenders only up to eight years to write off new loans turning sour to avoid build-ups. Source: businessinsider.com Share This:

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This credit card mistake can cost you

“Nearly 40 percent of cardholders with a rewards credit card carry a balance, according to a new survey from the credit card website CompareCards.com” writes Maria Lamagna for nypost.com. If you have a credit card with a high-interest rate, this is the worst mistake you could make. What’s worse, nearly one-fifth of consumers have let their credit card rewards expire, a 2017 study from TD Bank found. “Perhaps consumers aren’t as educated as they should be when it comes to crunching the numbers and creating a plan to get out…

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Don’t ever do this with your credit card

“If you have a credit card with a high interest rate, this is the worst mistake you could make” writes Maria Lamagna for marketwatch.com. Nearly 40% of cardholders with a rewards credit card carry a balance, according to a new survey from the credit-card website CompareCards.com. What’s worse, nearly one-fifth of consumers have let their credit card rewards expire, a 2017 study from TD Bank found. “Perhaps consumers aren’t as educated as they should be when it comes to crunching the numbers and creating a plan to get out of…

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Balance of auto loans linked to synthetic fraud soars

“The outstanding balance on auto loans linked to suspected synthetic identity fraud more than tripled from 2012 to 2017, according to TransUnion” writes Hannah Lutz for autonews.com. Compared with the fourth quarter of 2016, the balance of auto loans generated by suspected synthetic identities rose 7.7 percent, according to TransUnion.In the credit card market, the growth rate of the synthetic fraud balance is slowing. Source: autonews.com Share This:

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These are the 25 cities where people have the most credit card debt

“Credit card debt” writes Josh Smith for marketwatch.com. According to the Federal Reserve, American credit card debt hit a record high in 2017, rising to more than $1 trillion.Credit card debt averages $7,145 and the median income is low compared with the cost of living, at $38,951.So, where in the U.S. is the bulk of that credit card debt located?. The Big Apple has among the highest cost of living, so it’s not surprising it made the list of cities with the most credit card debt. Source: marketwatch.com Share This:

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