THE COST OF HOMELESSNESS: Redbridge Council spend on rehoming revealed in report

  Ilford, United Kingdom VIJAY SHAH via HARRIET CLUGSTON and IMOGEN BRADDICK/Ilford Recorder   According to the latest figures, Redbridge Council, which governs the east Greater London towns of Redbridge and Ilford, spends more than GBP £750,000 (USD $970,511) per … Continue reading THE COST OF HOMELESSNESS: Redbridge Council spend on rehoming revealed in report

WINDY CITY BITCOINS: Crypto-currency futures soar on first ever exchange listing

Chicago – VIJAY SHAH via Daily Sabah In a parallel with the surging value of crypto-currencies such as Bitcoin recently as well as public interest in the subject, the first ever listing of Bitcoin futures on a physical currency exchange saw a rapid rise in value, Turkey’s English language newspaper The Daily Sabah reported via wire agencies recently. Yesterday saw the introduction of futures valued in Bitcoin put up on the Chicago Board Options Exchange (CBOE), set for expiry in January 2018. Its initial value was set at 5 pm local time at USD $15,000 (GBP £11215.50). By 1:30 am the value of … Continue reading WINDY CITY BITCOINS: Crypto-currency futures soar on first ever exchange listing

MAURITIUS COMMERCIAL BANK: Major island bank voted best six years running

Port Louis, MAURITIUS VIJAY SHAH via Le Defi The Mauritius Commercial Bank (MCB), one of the largest banking firms operating on the Indian Ocean island, has been declared ‘2016 Bank of the Year – Mauritius’ for the sixth year in a row, French-language Le Defi Media Group reported this past Friday. The bank, one of the island’s few indigenously operated financial institutions has won the coveted title six times in the past eight years. A feature of the Mauritian high street with its distinctive red and white livery and stylised red sailboat logo, MCB received its latest award from The … Continue reading MAURITIUS COMMERCIAL BANK: Major island bank voted best six years running

PHOTO MOMENT: Canadian elf coin

  A 25-dollar pure silver coloured coin issued by Canada in 2016. The coin, part of a popular and recent tradition of countries issuing coinage with full-colour scenery and even holographic elements, shows a mythological ‘woodland elf’ on the reverse. The elf, dressed in green hat and suit, is busy at work building a wooden birdhouse amidst typical northern Canadian forest scenery. The obverse features a unique profile portrait of Queen Elizabeth II. The coin was recently launched by the Royal Canadian Mint, based on a design by local artist Jesse Koreck, and is being sold at face value in … Continue reading PHOTO MOMENT: Canadian elf coin

FREE AVERAGE JOE: Change your perception of money

with Michael Hawkins (feature contributor) A new book by a Texan oil industry worker promises to revolutionise the way people think about making money from the comfort of their own home, while using established knowledge and careful financial planning. The simply designed, dark green book, comfortably titled “An Average Joe’s Pursuit for Financial Freedom“, by first time author and financial expert Michael Warren Munsey, offers a perspective on money that is very different to what parents, schools and other money-making experts might have told you. According to Munsey, a Houston-based university graduate, the reason why there are such discrepancies between … Continue reading FREE AVERAGE JOE: Change your perception of money

LLOYDS BANKING GROUP: Lloyds and TSB to part ways

The British banking giant Lloyds TSB is to split into two separate banks, according to a letter sent to their UK-based customers this month. The Lloyds Banking Group, which owns Lloyds TSB, Halifax, and the Bank of Scotland, has announced that it is in the early stages of preparing part of its business to eventually be spun off as an entirely independent high street bank to be known as TSB. The move is in response to European Union legislation aimed at encouraging more competition in the UK’s banking sector, which has been rocked by the financial crisis and reports of … Continue reading LLOYDS BANKING GROUP: Lloyds and TSB to part ways

BIG MONEY: Becoming a Zimbabwean trillionaire

By Vijay Shah I have been collecting banknotes for many years, ever since I was an acne-ridden student at secondary school. What first lured me into the exciting realm of notaphily, to use the official name of the hobby, was a magazine called Money of the World, which if I remember correctly was published by a company named De Agostini Publications. Every fortnight, an issue would arrive at my local newsagents via special subscription, and with my mother’s £2.50 pocket money weighing down my pockets, I would walk briskly to the shop to pick up a copy. Every two weeks, … Continue reading BIG MONEY: Becoming a Zimbabwean trillionaire

PENNIES DOWN THE DRAIN: Canada bids farewell to 1 cent coins

“Look after the pennies, and the pennies will look after the pounds” – traditional English proverb This month, the Royal Canadian Mint in Winnipeg, Manitoba state, will mint the last of Canada’s one-cent coins or ‘pennies’. Rapidly-rising costs of metal and production at the mint mean that it now costs 1.5 cents to produce each coin, so they are now a loss-making initiative. Inflation of the Canadian dollar has rendered the 1-cent nearly worthless and businesses and consumers do not see any point in the penny any longer. After a hundred years of history, the very last one-cent coin came … Continue reading PENNIES DOWN THE DRAIN: Canada bids farewell to 1 cent coins