Saturday, 16 Nov 2024

How millennials are being tricked into crippling credit card debt

US ‘promised North Korea beach resort if Kim Jong-un ditched nukes’

  • North Korea leader Kim Jong-un doesn’t look too sure about being on a horse

  • Dome filled with debris of 43 nuke explosions 'leaking radioactive waste into sea'

UK PM Johnson sends photocopied letter to EU asking for Brexit delay – S.Times

LONDON, Oct 19 (Reuters) – British Prime Minister Boris Johnson sent an unsigned letter to the European Union on Saturday asking for a Brexit delay and sent another message in which he said he did not want an extension, the Sunday Times reported.

Johnson sent three documents: a photocopy of draft text laid out in a law which compelled him to ask for the delay; a cover note written by a civil servant saying Johnson had been forced to send the letter; and a further message in which he spelled out that he did not want any extension, the paper said. (Reporting by Michael Holden Editing by William Schomberg)

Meghan Markle Draws Online Support After Emotional ITV Interview

Meghan Markle, the Duchess of Sussex, has received an outpouring of support after her near-breakdown on camera describing life in the Royal family.

The hashtag #WeLoveYouMeghan’ was a top trending topic on Twitter after a clip from the interview leaked. It showed Markle almost breaking into tears when asked how she was doing and acknowledging that it has been “a struggle” to be in the spotlight. She cited being a new wife, new mother and the adjustment to life with royal etiquette. “Not many people have asked if I’m ok.”

British author Greg Hogben urged people to share the hashtag, and support picked up from there.

Some reactions:

UK PM sends unsigned letter to Brussels seeking further Brexit delay

U.K. Prime Minister Boris Johnson has sent a request to the EU for a delay to Brexit – but without his signature. The request was accompanied by a second letter, signed by Mr Johnson, which says he believes that a delay would be a mistake. The PM was required by law to ask the EU for an extension to the 31 October deadline after losing a Commons vote earlier Saturday. EU Council President Donald Tusk tweeted that he had received the extension request.He did not provide details of its content, but added that he will now consult EU leaders "on how to react". Hours after losing a cvote in a historic Saturday session in the House of Commons, the prime minister ordered a senior diplomat to send an unsigned photocopy of the call by MPs set out in the so-called Benn Act, passed last month. A senior Downing Street source said that the hard copy and email copy of the letter would be conveyed by Sir Tim Barrow, the UK’s representative in Brussels.

Alabama QB Tua Tagovailoa knocked out of game vs. Tennessee with apparent ankle injury

Disaster struck for No. 1 Alabama in the first half against longtime rival Tennessee as star quarterback Tua Tagovailoa was knocked out of the game with what appeared to be an ankle injury. 

The Heisman Trophy contender appeared to suffer the injury when he was sacked at the 6:44 mark of the second quarter by the Volunteers' Greg Emerson. He would stay in the game for one more play before Alabama took a timeout and he headed for the medical tent. 

He then went to the locker room with about four minutes remaining until halftime. He was replaced by Mac Jones. 

Nick Saban did not have a full update on Tagovailoa during his interview before halftime but said the QB had "a twisted ankle of some kind."  

Tua Tagovailoa to the medical tent after this nasty looking ankle injury. pic.twitter.com/AM9cuV11Dx

Tua leaves the field and heads back to the locker room near the end of the first half. pic.twitter.com/r8FLBkTfUm

The Crimson Tide led 21-10 at the time of Tagovailoa's injury. He had completed 11-of-12 passes for 155 yards with no touchdowns and an interception. 

China's propaganda chief says Cold War mentality hindering mutual trust in cyber space

WUZHEN, CHINA (REUTERS) – A Cold War mentality and “bully behaviour” were hindering mutual trust in cyber space, China’s propaganda chief said on Sunday (Oct 20) at the start of the World Internet Conference in the eastern Chinese town of Wuzhen.

Mr Huang Kunming, head of the publicity department of China’s ruling Communist Party, also said that by using national security as an excuse, some countries had launched cyber counter-attacks on countries and enterprises.

Mr Huang did not specify which countries he was referring to.

How millennials are being tricked into crippling credit card debt

Do you ever feel like you’re in credit card hell and can’t escape?

It’s a complaint of many millennials who didn’t learn the lessons of previous generations more likely to shun debt, card pros say.

Young cardholders, according to a report from CreditCards.com, often take card points in cash or in travel credits, putting themselves in danger of running up long-term debt.

“Signup bonuses of at least $500 in cash or $1,200 in travel credit are considered the most attractive feature for a credit card,” the report said.

However, older cardholders, said CreditCards.com analyst Ted Rossman, tend to use the extra money to reduce pricey card debt.

This average card interest rate is between 17 percent and 25 percent. Carrying that kind of debt, Rossman added, often becomes a long-term problem.

Why do young cardholders fall into the card pit?

“Some of this is millennials love travel and want instant gratification,” Rossman said.

That, card pros say, is dangerous.

“Credit cards can be great, but you must know how to use them properly and the implications of what you are doing,” said Bill Hardekopf, founder of LowCards.com.

The danger of not retiring balances is that one often ends up in a debt spiral that goes on for years.

“The problem is there is a lack of awareness of how difficult card debt can be,” says Charles Hughes, a Long Island adviser.

In another CreditCards.com poll, 37 percent of credit-card debtors have been in debt for at least two years, 23 percent for at least three years and 14 percent for at least five years

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