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After slow start, tax refunds are ticking up, with the average check now more than $3,000

After slow start, tax refunds are ticking up, with the average check now more than $3,000

Finance
Close to a month into tax season, tax refunds are starting to increase. The average check is now $ 3,143 for the week ended Feb. 22, according to the IRS. That's just about on par with last year's figures, reflecting a rise of 1.3 percent year over year. The increase in refund amounts is a change from the recent downward trend of smaller checks. Treasury Secretary Steven Mnuchin said in an interview with CNBC on Thursday that refunds were rising. "Tax refunds are up 17 percent week over week," he said. That basically gets us to the same level as last ...
Greenland's ice melting four times faster than in 2003

Greenland's ice melting four times faster than in 2003

Technology
Greenland is melting faster than previously believed, with its ice retracting four times more quickly than in 2003. Researchers concerned about rising sea levels have studied melting glaciers in Greenland for many years, specifically from the southeast and northwest regions of the country.Glaciers here are responsible for pushing enormous iceberg-sized chunks of ice into the Atlantic Ocean, which eventually float away and melt.However, a new study into Greenland's southwest region - which is mostly devoid of large glaciers - found that the rate of ice loss was even higher than previously believed.Here, instead of glaciers pushing icebergs into the sea, ice is actually melting inland and entering the ocean as melt-water."Whatever this was, it couldn't be explained by glacier...
Greenland ice melting faster than previously thought: study

Greenland ice melting faster than previously thought: study

Science
Jan. 22 (UPI) -- The Greenland Ice Sheet is melting faster than scientists had previously thought - a lot faster. According to a new study published Monday in the Proceedings of the National Academy of Sciences, the Greenland Ice Sheet is now melting four times faster than it had been prior to 2003, National Geographic reported. The largest amount of ice loss between 2003 to mid-2013 occurred at the southwest region of the world's largest island where few glaciers are located. Most of the ice melt came from from an area where ice loss wasn't known to occur rapidly. "We knew we had one big problem with increasing rates of ice discharge by some large outlet glaciers," Ohio State University geoscientist and lead writer on the paper Michael Bevis said. "But now we recognize a second serious p...
Patisserie Valerie: Scale of alleged fraud may be worse than first feared

Patisserie Valerie: Scale of alleged fraud may be worse than first feared

Business
The crisis-hit owner of Patisserie Valerie is examining "options" for the business, warning the scale of alleged fraud in its accounts may be much worse than initially feared. Trading in shares of Patisserie Holdings were suspended in October when it flagged a black hole in its accounts from "potentially fraudulent" accounting irregularities.The fallout saw its former finance director arrested and released amid a Serious Fraud Office investigation.The company said on Tuesday evening: "The work carried out by the company's forensic accountants since (October) has revealed that the misstatement of its accounts was extensive, involving very significant manipulation of the balance sheet and profit and loss accounts."Among other manipulations, this involved thousands of false en...