A credit score is a numerical representation of a person’s creditworthiness, determined by their credit history and various other factors. Typically ranging from 300 to 850, a higher credit score enhances one’s chances of securing loans from lenders. Credit scores play a pivotal role in loan approval, whether for credit cards or personal loans. Among the widely recognized credit scoring models, the Fair Isaac Corporation (FICO) score stands out.
Lenders heavily rely on credit scores to gauge an individual’s financial reliability before lending money. A credit score of 600 or above is generally considered good, increasing the likelihood of loan approval.
The creation of credit scores, pioneered by the FICO score, streamlines the lending process. It spares lenders from manually scrutinizing complete credit reports, which can be time-consuming and prone to errors. By using credit scores, potential misjudgments and inaccuracies can be minimized.
A person’s credit score evolves over time based on loan repayment behavior and updates from creditors. Credit bureaus provide these updated scores, which may vary slightly depending on the credit reporting agency due to differing credit information updates.
Our lungs, though often overlooked, play a vital role in our overall well-being. While we might not typically associate them with exercise, it’s crucial to acknowledge that our lungs, like any other part of our body, benefit from care and attention to function optimally.
Adopting a lung cleanse regimen involves several approaches, from making essential lifestyle adjustments to engaging in specific exercises crafted to facilitate the drainage of fluids from the lungs. To ensure the utmost well-being of your lungs, consider the following comprehensive list of five valuable tips:
For individuals who have engaged in long-term smoking, whether it be cigarettes, pipes, or marijuana, the impact on their lungs can be profound. The act of smoking introduces various harmful substances into the respiratory system. Specifically, tobacco smoke, in its various forms, contains compounds like carbon monoxide, which is poisonous, and tar, known to disrupt the proper functioning of the delicate air sacs crucial for efficient breathing. Additionally, the tobacco industry has infamously incorporated a range of additives into their products, many of which are toxic, aiming to perpetuate the habit.
Of particular concern is tobacco smoking’s association with chronic obstructive pulmonary disease (COPD), a debilitating condition. Emphysema and lung cancer are other well-documented outcomes of smoking. The toxins inherent in cigarette smoke induce harmful inflammation within the bronchial passages, leading to a substantial deterioration in the ability to breathe freely.
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Bad breath, scientifically known as halitosis, is a common concern that can have various underlying causes. While many attribute it to poor oral hygiene, there are times when bad breath may be indicative of deeper health issues. In this article, we will delve into 12 sneaky medical problems that could be responsible for bad breath, as explained by a qualified medical professional. From dental concerns like teeth whitening and dental implants to more complex issues like wisdom teeth removal and emergency dental care, we’ll explore the diverse factors contributing to this common concern.
What Causes Bad Breath?
1. Dental Hygiene and Care: The foundation of good oral health is proper dental hygiene. Failing to brush and floss regularly can lead to the buildup of food particles, plaque, and bacteria, causing bad breath. Regular visits to the dentist and dental hygienist can help prevent this issue.
2. Teeth Whitening and Veneers: Teeth whitening procedures and veneers may temporarily lead to bad breath as they can cause tooth sensitivity, making it difficult to maintain regular oral hygiene routines. Ensuring proper care during these treatments is essential to avoid bad breath.
3. Root Canal Complications: A root canal is a dental procedure designed to save an infected tooth. However, if there are complications during or after the procedure, such as an infection, it can result in bad breath.
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As the world continues to embrace technological advancements and adapt to the new normal post-pandemic, pursuing higher education has become more flexible and accessible than ever before. Among the various options available, an online master’s degree stands out as an excellent choice for ambitious individuals seeking to advance their careers and expand their knowledge in specialized fields. In this article, we will explore seven compelling reasons why pursuing an online master’s degree, whether in MBA, nursing, or other disciplines, is a smart move in 2023.
- You can study an online Master’s degree from anywhere:
One of the primary advantages of studying an online master’s degree is the unparalleled flexibility it offers. With busy work schedules and personal commitments, traditional campus-based programs can be challenging to manage. Online schools and universities provide students with the freedom to attend classes at their own pace and according to their schedule. This flexibility empowers working professionals and individuals with family responsibilities to pursue higher education without compromising their other commitments.
- You’re in charge of your schedule:
online education has expanded significantly, and universities now offer a diverse range of master’s degree programs online. The Master of Business Administration (MBA) remains a popular choice for those seeking leadership roles in the corporate world. Additionally, specialized MBA courses tailored to various industries, such as finance, marketing, or entrepreneurship, allow students to focus on their areas of interest. For those in the healthcare sector, online nursing programs offer advanced training and career growth opportunities.
- Access to Top-Ranked Institutions:
Studying an online master’s degree in 2023 means that geographical barriers no longer limit students’ access to prestigious universities. Top-ranked institutions have embraced online education, making their high-quality programs accessible to a global audience. As a result, students can now learn from renowned professors and industry experts without the need to relocate or commute to a physical campus.
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The value of an online Master’s degree is equivalent to that of a face-to-face course, despite certain objections and misconceptions that have been raised about online colleges education. Let’s delve into the main objections and then explore the overwhelming reasons why online degree are respected and acknowledged by both learners and employers.
there are many objections of this this online degree and reasons:
- Fake Universities and Diploma Mills: In some regions, there have been instances of online colleges that lack legitimacy and authenticity. These diploma mills exist solely to exploit individuals by offering certificates without adhering to any national education standards or regulations. This lack of regulation leads to a lack of quality assurance, negatively affecting genuine individuals who unknowingly enroll in unrecognized courses. However, it is relatively easy to verify the accreditation of an institution and its courses in the UK.
- online colleges vs. Classroom Teaching: In the past, there was skepticism among certain university lecturers, particularly those less familiar with technology, who considered online learning inferior to traditional in-person teaching. Technological limitations and internet speeds further reinforced this perspective. Additionally, certain subjects, such as those involving lab work, seemed challenging to translate effectively to online university. However, significant advancements in technology and internet speeds have led to the development of immersive and engaging online university platforms. Even traditionally hands-on courses have found ways to utilize simulators effectively.
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Marriage is a journey that most couples will find challenging at some point. It’s not uncommon for spouses to face difficulties and conflicts along the way. However, those who have successfully navigated through these rough patches often credit couple counseling as a significant factor in strengthening their bond and achieving happiness together. In this article, we will delve into the importance of marriage counseling and provide a comprehensive list of best couples therapy that couples should ask each other during the relationship counselling process to foster greater understanding and closeness.
One common misconception about couple counseling is that seeking professional help indicates that the marriage has failed. On the contrary, marriage counseling should be seen as a proactive step towards maintaining and enhancing the relationship. It is akin to performing regular maintenance on a car to keep it running smoothly. Acknowledging the need for relationship counselling demonstrates a commitment to working on the marriage therapy and making it stronger.
Some couples therapy, may believe that not having conflicts is a sign of a perfect relationship. However, avoiding conflicts altogether can be a red flag. A healthy relationship requires open communication, addressing issues, and resolving conflicts constructively. Therefore, entering counseling with the belief that everything is fine simply because there are no conflicts may hinder progress. In relationship counselling, couples can learn effective communication techniques and acquire the skills to address problems in a healthy manner.
The post-pandemic cost of living crisis is continuing to make life difficult in Britain this summer – even after a degree of stability returned to the international energy market, allowing domestic heating bills to climb down after a long winter of sky-high prices.
With inflation lodged stubbornly at 8.7 per cent, new woes have emerged for mortgage holders battling high interest rates and in the shape of bloated prices in the supermarket aisles, the Office for National Statistics (ONS) putting food inflation at 18.4 per cent in May.
However, Sainsbury’s chief executive Simon Roberts has said he believes that level is about to start falling as retail sales improve in response to the warmer weather, noting that the price of staple items like bread, butter, milk, pasta and meat fell at his supermarket during the second quarter of the year in response to more favourable trading conditions.
That said, the news that supermarkets have been accused of profiteering from “rip off” fuel prices on the forecourt, resulting in drivers being made to pay nearly £1bn over the odds for petrol and diesel over the last year, is likely to further demoralise a beleaguered public weary of struggling against the economy.
Below, we look at what support is available to households this August.
Extra £1,350 of support being paid out
Despite the expiration of Rishi Sunak’s Energy Bill Support Scheme at the end of March (an initiative that handed out £400 in monthly instalments of £66 and £67), millions of households on low incomes will receive further cost of living support from the government this year worth up to £1,350 in total.
Eight million eligible means-tested benefits claimants, including people on universal credit, pension credit and tax credits, will receive £900 in instalments as part of a programme that began this spring, with the money going directly to bank accounts in three tranches, the Department for Work and Pensions (DWP) has said.
There will also be a separate £150 payment for more than six million people with disabilities and an extra £300 for over eight million pensioners.
Here are the payment windows that have been announced so far, with more precise dates expected later in the year:
- £301 – First cost of living payment – already issued between 25 April and 17 May (or 2 to 9 May for people on tax credits but no other low-income benefits)
- £150 – Disability payment – during summer 2023
- £300 – Second cost of living payment – during autumn 2023
- £300 – Pensioner payment – during winter 2023/4
- £299 – Third cost of living payment – during spring 2024
Bank holiday brings payment schedule change
The usual state support in the shape of benefits and pensions payments will also be going out in August, although the arrival of the Summer Bank Holiday on Monday 28 means that anyone expecting to receive their money on that date can typically expect it to be paid into their bank accounts one working day earlier (Friday 25, for instance).
That applies to anyone expecting to receive any of the following from the DWP in August:
- Universal credit
- State pension
- Pension credit
- Disability living allowance
- Personal independence payment
- Attendance allowance
- Carer’s allowance
- Employment support allowance
- Income support
- Jobseeker’s allowance
For more information on how and when state benefits are paid, please visit the government’s website.
Energy Price Guarantee expired as cap lowered
The sweltering weather we can expect to continue into August – which has already brought the warmest June since records began in 1884 – might not be comfortable for everyone but it will at least greatly reduce the need for having the central heating switched on, which proved such an expense over the course of the winter just gone.
The government’s Energy Price Guarantee (EPG) – introduced by Liz Truss last September to ensure households paid no more than £2,500 for their electricity and gas, with the government subsidising the remainder owed to providers under Ofgem’s Energy Price Cap (EPC) – was extended by chancellor Jeremy Hunt in his Budget of 15 March for a further three months.
Mr Hunt had reportedly been tempted to increase the EPG to £3,000, a considerably less generous offer that would have eased the burden on the state, but ultimately thought better of it, extending the guarantee into April, May and June.
Now that the EPG has finally expired, consumers will once more be paying the EPC rate, which Ofgem set at £2,074 for the third quarter beginning 1 July, a huge fall from the £3,280 it was set at during the second quarter, from which households were shielded by the intervention of the government’s overriding guarantee.
That 17 per cent decrease reflects recent drops in wholesale energy prices – the amount energy firms pay for electricity and gas before supplying it to households – and, although it is a significant drop from the eye-watering rates of the last two years, the figure remains more than £1,000 a year above pre-pandemic levels.
As for what might happen next, consultancy firm Cornwall Insight predicts that July’s fall will be followed by another drop in October, when it expects the typical annual bill to be £1,976.
Unfortunately, it believes the typical bill will then rise again in January 2024 to £2,045 and Cornwall does not expect energy prices to return to pre-Covid levels before the end of the decade at the earliest.
It has also warned customers that prices remain subject to wholesale market volatility, with the UK’s reliance on energy imports meaning that geopolitical incidents like the war in Ukraine could continue to have a detrimental impact.
26 July 2023
- By Natalie Sherman
- Business reporter, New York
Updated 2 hours ago
The US central bank has raised interest rates to the highest level in 22 years as it fights to stabilise prices in the world’s largest economy.
The decision lifted the Federal Reserve’s influential benchmark rate to a range of 5.25% to 5.5%.
It marked the eleventh increase since early 2022, when the Fed started raising borrowing costs to try to cool the economy and ease price inflation.
The Fed offered few firm clues as to what it might do next.
“We’re going to be going meeting by meeting,” bank chairman Jerome Powell said at a press conference following the announcement.
“It is certainly possible that we would raise the funds rate again at the September meeting if the data warranted,” he said. “And I would also say it’s possible that we would choose to hold steady.”
Wednesday’s decision came ahead of central bank meetings in Europe and Japan.
In the UK, where inflation was 7.9%, the Bank of England is widely expected to raise its key rate at its next meeting on 3 August from the current 5%.
In the US, some analysts said the Fed had done enough.
Inflation in the US was 3% in June. That was down from a peak of more than 9% last year, when prices were rising at the fastest pace in four decades.
“We think they’re at a point where the Fed funds rate is restrictive enough to slow the economy, slow activity and allow inflation to trend lower,” said Kathy Bostjancic, chief economist at insurance firm, Nationwide Mutual, adding that she did not expect to see further hikes this year.
The Fed has already brought interest rates up from near zero less than 18 months ago, putting to an end an era of low-cost borrowing that started during the financial crisis.
The moves have hit the public in the form of more expensive loans for homes, business expansions and other activity.
In theory, that should reduce borrowing demand and encourage saving, eventually cooling the economy and making it harder for firms to raise prices.
But the economy in the US has held up better than many expected so far – especially in the labour market, where jobs continue to be added at a robust pace and wages are rising.
Mr Powell said he expected the job market would have to weaken further and growth slow more before the Fed could be confident its job was done.
“It’s not that we’re aiming to raise unemployment but we have to be honest about the historical record,” he said.
While acknowledging progress, he also noted that so-called core inflation – which does not include food and energy prices – remained more than double the Fed’s 2% inflation target.
Andrew Patterson, senior economist at Vanguard, said the Fed was worried about declaring victory prematurely, mindful of mistakes made in the 1960s and 1970s, when bank leaders embraced signs that inflation was easing only to see the problem flare up again.
“They had a positive inflation report this past month but … they’re going to want to see more of that going forward before they’re comfortable,” he said. “They’re not going to take anything off the table or pin themselves into a corner.”
David Henry, investment manager at Quilter Cheviot, said the Bank of England and European Central Bank were “much further behind” than the US on controlling inflation, which could lead to a “bifurcation” or division in policy among developed economies.
“They would love to have luxury that the Fed has in declaring the job nearly done, but instead talk is of rates of 6%, if not more,” he said.
He added: “There is a chance the US begins talking about rate cuts before the BoE has had a chance to pause and assess the impact of its actions, and this would have a significant impact on stock and bond prices on both sides of the Atlantic.”
U.S. Employment Trends by Industry (2021–2031)
The labor force is always shifting, responding to technological or societal changes.
For that reason, keeping an eye on the fastest growing industries can help workers and businesses stay on top of the crucial trends driving employment.
Today, we look through projections from the U.S. Bureau of Labor Statistics (BLS) on the fastest growing industries, as well as those that are the fastest declining, by percentage employment change between 2021 and 2031.
Ranked: Fastest Growing Industries By Employment Change
Event Promoters, Agents, and Managers top the list of fastest growing industries, with an impressive predicted growth of 39%, employing over 180,000 workers by 2031.
Amusement Parks and Arcades follows close behind, with an expected 38% increase—adding over 60,000 new employees—in the same time period. Ranked third, the Performing Arts industry will start the next decade with around a 100,000-strong workforce, up 35% from 2021.
Below is the full list of BLS’ projected fastest growing industries, ranked by percent change in employment, between 2021–2031.
Rank Industry Sector Change
1 Event Promoters,
Agents & Managers
50,800 +39% 2 Amusement Parks
60,500 +38% 3 Performing
28,400 +35% 4 Individual &
Health Care 850,000 +31% 5 Mining Support
Mining 69,700 +31% 6 Spectator Sports Leisure &
36,500 +31% 7 Other Information
112,900 +30% 8 Other Personal
87,200 +28% 9 Travel &
32,300 +23% 10 Agriculture &
26,200 +23% 11 Artists, Writers
11,500 +23% 12 Accommodation Leisure &
333,700 +23% 13 Private Education
169,200 +22% 14 Government Transit Services
61,200 +22% 15 Home Health
Health Care 330,100 +22% 16 Health Practitioners Health Care 205,500 +20% 17 Film, Video, &
75,300 +20% 18 Museums &
27,600 +20% 19 Computer
455,200 +20% 20 Professional,
Note: Services & Other sector includes Information, Education and State & Local Government industries.
All of the top three industries belong to the Leisure and Hospitality sector, which accounts for seven of the 20 fastest growing industries. This outsized performance reflects recovery more than pure growth, as the BLS notes that the Leisure and Hospitality sector was unduly affected by the COVID-19 pandemic, giving it a lower-than-usual baseline in 2021.
Ranked fourth by employment change percentage is Individual and Family Services, though it is actually expected to see the largest growth in total employment terms, adding 850,000 new workers by the end of the decade. It is one of three industries in the Health Care and Social Assistance sector with large projected growth, thanks to an increased need for care service due to an aging American population.
Not to be missed is Computer Systems Design, projected to grow by 20% in employment thanks to growing demand for computing infrastructure and IT security. Due the industry’s sheer size in employment force with 2.3 million workers in 2021, that’s close to half a million additional workers over the next decade.
Ranked: Fastest Declining Industries By Employment Change
Tobacco Manufacturing leads the group of industries expected to register employment declines by 2031, with a projected decrease of 53% in employment, bringing its already small workforce down to only 5,000 employees by the end of the decade. This stark decline is not necessarily driven by waning smoking habits, as cigarette sales in the U.S. went up during the pandemic. Instead, further automation of the industry may replace tobacco manufacturing employees.
Another industry facing a similar situation is CDs & Tapes Manufacturing, which is expected to witness a 51% reduction in employees by 2031.
Below is the full list of BLS’ projected fastest declining industries, ranked by percent change in employment, between 2021–2031.
Rank Industry Sector Change
Manufacturing -5,700 -53% 2 CDs & Tapes
Manufacturing -5,800 -51% 3 Apparel & Leather
Manufacturing -41,800 -36% 4 Printing Manufacturing -96,800 -26% 5 Coal Mining Mining -9,500 -26% 6 Newspaper &
-60,000 -24% 7 Satellite &
-19,300 -22% 8 Cable Programming Services
-9,700 -21% 9 Other Furniture
Manufacturing -7,600 -20% 10 Engine & Power
Manufacturing -14,800 -17% 11 Railroad Rolling
Manufacturing -3,100 -16% 12 Rental Services Services &
-22,200 -15% 13 General Machinery
Manufacturing -39,800 -15% 14 Iron Ore & Steel
Manufacturing -10,600 -13% 15 Lighting Equipment
Manufacturing -5,600 -13% 16 Metalworking
Manufacturing -21,100 -13% 17 Logging Agriculture
-6,000 -13% 18 Textile Mills Manufacturing -26,100 -13% 19 Agriculture,
Manufacturing -25,500 -13% 20 Office Furniture
Manufacturing -12,600 -13%
Most of the industries facing large total employment contraction belong to the Manufacturing sector. The troubles of American manufacturing aren’t new, but the variety of industries presented suggests a mix of factors causing slumps across the sector.
Some industries like Printing, Cable Programming, and Newspaper and Book Publishers face shifting consumption habits.
Meanwhile, others like Textiles, Apparel, and Furniture Manufacturing are expected to suffer from further automation and shifted production abroad.
Factors Shaping Future Employment Trends in the U.S.
It’s important to note that these projections by the BLS were released in September 2022. That means they do not reflect the rapid rise of generative AI like ChatGPT and how they have begun to affect the economy.
A recent Goldman Sachs report, for example, stated that AI could replace 300 million jobs—almost the size of the U.S. population—around the world in the next 10 years.
That makes it an open and important question as to whether AI or powerful demographic trends, such as slower population growth and an aging workforce, will be the most impactful in terms of determining the future employment landscape.
MELBOURNE, July 26 (Reuters) – Rio Tinto’s (RIO.L), (RIO.AX) first-half underlying earnings fell to their lowest in three years as easing iron ore prices offset an uptick in shipments from its Pilbara operations, it said on Wednesday, while also announcing a dividend cut.
Iron ore accounts for 70% of Rio Tinto’s profit and prices for the raw material used to make steel could improve going forward as Beijing has pledged to roll out more policies to boost growth after the world’s second-largest economy struggled with an uneven recovery in the first half of the year.
Rio, the world’s biggest iron ore producer, was cautiously optimistic on China’s economy over the rest of the year, CEO Jacob Stausholm said.
“Our experience with China is that if things are going less well, then the Chinese have a quite impressive ability to also manage the economy,” he said.
Rio realised lower commodity prices during the six months that ended on June 30, in line with slowing global consumption, but continues to see solid demand for its products in China, the world’s biggest steel producer.
“Rio is leveraged to even a modest recovery in the Chinese property markets,” said Jefferies, which has a buy rating on the stock.
Average realised prices for Pilbara iron ore slipped to $98.60 per wet metric ton in the first half, 11.1% below last year. That offset a 7% rise in shipments from Pilbara to 161.7 million metric tons.
The Anglo-Australian miner declared an interim dividend of $1.77 per share, below last year’s $2.67 and slightly below a Vuma consensus of $1.80.
“We will continue paying attractive dividends and investing in the long-term strength of our business as we sustain and grow our portfolio,” said Stausholm.
The world’s largest iron ore producer flagged a shortage of skilled workers in a tight labour market along with supply-chain issues.
“Our operations and growth projects continue to be impacted by high unplanned absences, tight labour markets, rising input costs and supply chain disruptions,” the miner said in a statement.
Rio Tinto’s exploration and related costs doubled to $700 million as costs rose at the giant Simandou iron ore project in Guinea and due to changes in scope and higher inflation at its Rincon lithium project in Argentina.
It also took an $800 million after-tax impairment mainly related to its Australian alumina refineries in Queensland, triggered by “challenging market conditions” and higher projected costs to decarbonise the high emitting sector.
Rio Tinto is assessing what more critical minerals it can extract through processing, and that potentially includes minor metals gallium and germanium, CFO Peter Cunningham told Reuters.
Top producer China curbed exports of the metals, used in semiconductor chip manufacturing, earlier this year.
Rio already extracts scandium, which makes steel stronger, through its Canadian titanium dioxide operations, and tellurium through its Kennecott smelter in the United States.
“Through the processing side you can recover critical minerals … our business footprint gives us that capacity,” Cunningham said.
Rio’s Australian-listed shares closed up 1.4% before the earnings announcement but its London-listed shares were down 2.3% afterward.
Reporting by Rishav Chatterjee and Archishma Iyer in Bengaluru; Additional reporting by Melanie Burton in Melbourne; Editing by Subhranshu Sahu, Christian Schmollinger and Edmund Klamann
Our Standards: The Thomson Reuters Trust Principles.