News Portal

Australians don’t do 30-year fixed home loans, but that’s not all bad

Would you like to take out a home loan where the bank can’t change the interest rate for 30 years? Americans can lock in their mortgage rates for decades, but that’s not necessarily as good as it sounds. When the Great Depression hit nearly a century ago, the US started pivoting away from variable rate home loans towards fixed rate loans. Variable rates can change based on market interest rates, whereas fixed rates remain the same over the life of the loan. The president at the time, Franklin D. Roosevelt, wanted to make homeownership more affordable. Americans can lock in their mortgage rates for decades. Credit: Louise Kennerley…

Why Apple faces its biggest crisis since it was saved by the iPod

Tim Cook did not hold back. “This is obviously a disaster,” he told finance executives in a 2018 email, ordering his lieutenants to improve the underwhelming sales of Apple’s latest iPhones. Apple’s business in China was sliding, leading to the company’s first profit warning in 16 years. One executive described the performance as “an extreme problem”, while another said employees needed to respond as if it were a “five-alarm fire”, according to emails recently released as part of a lawsuit against Apple. Apple chief Tim Cook with the latest iPhone, the 15 Pro Max. Credit: Bloomberg The company later reported two consecutive…

Why Apple faces its biggest crisis since it was saved by the iPod

Tim Cook did not hold back. “This is obviously a disaster,” he told finance executives in a 2018 email, ordering his lieutenants to improve the underwhelming sales of Apple’s latest iPhones. Apple’s business in China was sliding, leading to the company’s first profit warning in 16 years. One executive described the performance as “an extreme problem”, while another said employees needed to respond as if it were a “five-alarm fire”, according to emails recently released as part of a lawsuit against Apple. Apple chief Tim Cook with the latest iPhone, the 15 Pro Max. Credit: Bloomberg The company later reported two consecutive…

Australians don’t do 30-year fixed home loans, but that’s not all bad

Would you like to take out a home loan where the bank can’t change the interest rate for 30 years? Americans can lock in their mortgage rates for decades, but that’s not necessarily as good as it sounds. When the Great Depression hit nearly a century ago, the US started pivoting away from variable rate home loans towards fixed rate loans. Variable rates can change based on market interest rates, whereas fixed rates remain the same over the life of the loan. The president at the time, Franklin D. Roosevelt, wanted to make homeownership more affordable. Americans can lock in their mortgage rates for decades. Credit: Louise Kennerley…

Researcher: Mothers are more likely to work worse jobs—while fathers thrive in…

January 11, 2024 This article has been reviewed according to Science X's editorial process and policies . Editors have highlighted the following attributes while ensuring the content's credibility: fact-checked trusted source written by researcher(s) proofread by Rose Cook, The Conversation Having a child is bad for a woman's earnings. This is not only in the immediate period after the birth, but across her lifetime —as shown in research by recent economics Nobel prize-winner Claudia Goldin . On the other hand, men who become fathers are perceived as self-reliant and decisive. And they are often rewarded at work with opportunities…