News That Matters

Tag: since

Changes in jet stream since 1960 responsible for uptick in extreme weather

Changes in jet stream since 1960 responsible for uptick in extreme weather

Science
Jan. 12 (UPI) -- Scientists have identified a link between jet stream variability during the last half-century and increases in extreme weather in Europe, including storms, flooding, drought, heatwaves and wildfires.Using tree rings from the British Isles and Mediterranean, scientists at the University of Arizona sussed out late-summer weather patterns across Western Europe going back nearly three centuries, to 1725."We find that the position of the North Atlantic Jet in summer has been a strong driver of climate extremes in Europe for the last 300 years," Valerie Trouet, a scientist at Arizona's Laboratory of Tree-Ring Research, said in a news release.The work of Trouet and her colleagues helped provide context for modern observations of the jet stream's seasonal patterns. Their data -- p...
Pound at highest level since Brexit vote

Pound at highest level since Brexit vote

Business
The pound has climbed to its highest level against the US dollar since the Brexit vote.Sterling was up by more than a cent to reach nearly $ 1.37 in Friday trading. It was little changed against the euro, hovering below €1.13.It has not been as high versus the dollar since the result of the EU referendum in June 2016 sent the pound plunging from $ 1.50.That result saw sterling sliding to less than $ 1.20 in ensuing months before steadily gaining back ground over 2017.The latest rise on Friday was partly attributed to a report that Spain and the Netherlands were open to a softer Brexit deal for Britain.Bloomberg reported that the two countries' foreign ministers had agreed to work together for a divorce deal that would maintain close ties between the EU and Britain.That did little to help t
Oil price tops $60 for first time since 2015

Oil price tops $60 for first time since 2015

Business
The price of a barrel of oil has topped $ 60 for the first time in more than two years on rising expectations of a renewed deal to cut supplies.Brent crude reached its highest level since July 2015 amid signs that oil-producing countries will extend efforts to combat a supply glut.Oil has been gradually recovering since the start of last year when it crashed close to $ 27 - a slump caused by weak global demand combined with an oversupply of the commodity.The weakness of the price has badly hurt producers and prompted a major shake-up of the industry including the loss of thousands of jobs in the North Sea.The latest milestone marks another step for the sector getting back on an even keel.FTSE 100 stalwarts BP and Shell, mainstays of many UK pension funds, are key beneficiaries of a recover...
No drop in flu vaccinations since nasal spray withdrawn, CDC says

No drop in flu vaccinations since nasal spray withdrawn, CDC says

Health
FRIDAY, Oct. 6, 2017 -- Discontinuation of the pain-free nasal spray flu vaccine hasn't led to a drop in childhood influenza vaccination -- at least not in Oregon.In 2016, the U.S. Centers for Disease Control and Prevention's advisory committee on vaccines reported that the nasal spray vaccine, FluMist, was ineffective and advised against its use.Doctors and health officials then feared that with only an injectable vaccine available, needle-shy parents might avoid getting their children vaccinated, said Steve Robison, who is with the Oregon Health Authority.However, "worry that the withdrawal of the nasal spray vaccine recommendation would lead to a large drop in influenza immunization rates for children was unfounded," said Robison, who led a study on the recommendation's aftereffects.Pro...
Roth IRAs may be the best thing since sliced bread

Roth IRAs may be the best thing since sliced bread

Finance
If tax rates increase in the future (highly likely based on historical data), or if your tax rate in retirement will be higher than your tax rate now, a Roth IRA could be a banner idea. Investors who expect to have a higher tax rate in retirement have the most to gain with a Roth IRA, because you pay lower taxes on contributions now to avoid higher taxes on withdrawals later.This is particularly true for younger investors. The younger you are, the more earning potential you have and the more chance your income will be higher at retirement. Put another way, the greater the difference between your income now and your income in retirement, the more advantageous a Roth IRA can be.Let's block ads! (Why?) Financial Advisor Hub