Is Your Impatience Costing You?

first_imgUS News & World Report: Impatience, it turns out, can be costly. Research suggests that people who opt for smaller rewards today over bigger rewards later tend to have lower credit scores. In the study by Columbia Business School associate professor Stephan Meier, the most impatient people had credit scores below 620, which means they pay more for loans.In the 2011 study published in the journal Psychological Science, Meier and his co-authors offered 437 low- to moderate-income participants bigger cash rewards if they were willing to receive the money later. They correlated the participants’ willingness to delay their cash rewards with their FICO score, a commonly used credit score. The participants most willing to wait for their cash rewards, had FICO scores that were, on average, 30 points higher than those who were the least patient. People with lower credit scores often have a harder time getting loans, and they pay more for the loans they do get.Read the whole story: US News & World Reportlast_img read more

Judge spearheading late-night courts confronts the critics

first_imgThe senior judge in charge of modernising the courts service has hit out at ‘ill-informed comments’ from lawyers and ‘misunderstandings’ about controversial plans to test out-of-hours courts.In a letter despatched over the weekend, Lord Justice Fulford sets out to ‘demystify’ the flexible hours courts pilot, insisting the plans are ’not a disguised attempt to persuade, or force… legal professionals and others to spend more time at court than they do at present’. The letter was sent to all judges via the judicial intranet and the Law Society and Bar Council, a spokesman for HM Judiciary said.Court sessions will be split so as to enable a longer court day – but populated by different people, the judge says.Last week HM Courts & Tribunal Service confirmed details of the new pilot, to take place over six months from this autumn. Six courts have been selected, as was mooted back in March before the testing was put back by the general election. The plans are proving highly controversial, with the Criminal Bar Association pledging to support barristers who refuse to participate in the ’fundamentally flawed’ scheme.’In my capacity as the Judge in Charge of Reform, and in light of public comments – particularly from members of the legal profession – I thought it would be helpful to attempt to demystify the proposed Flexible Operating Hours Pilots,’ Fulford writes. ’I regret the extent of the widely-broadcast misunderstandings and ill-informed comments from a range of sources.’The Judicial Executive Board has discussed the proposed pilots on a number of occasions. It is vital that we improve the use of the courts and tribunals’ estate. We already struggle to maintain our buildings and it is hard to justify spending scarce funds on courts and tribunals that are not adequately utilised. We must use our assets to the greatest possible (but always sensible) extent, without asking anyone to work longer hours than at present.’Fulford acknowledges concerns raised by lawyers about the impact of flexible hours on diversity in the professions and how they will work. But he adds: ’We have listened to these concerns, but the whole point of running the pilots is to test fully all the concerns expressed. We approach this project with an entirely open mind as to whether flexible operating hours is a viable goal.’If it works it works; if it doesn’t, it doesn’t…a significant, detrimental impact on diversity in the professions is not a price judges are willing to pay.’Fulford notes that previous initiatives testing flexible court sittings have failed. But he stresses that lawyers are now operating in a ‘radically altered world’ in which ’digital and IT changes are transforming the opportunities for moving cases readily between judges, advocates and venues far more readily than in yesteryear, and there is a marked improvement in our preparedness to operate outside jurisdictional silos’.The project team has developed an ‘Invitation To Tender’ to secure experts in independent evaluation.Fulford stresses that there are no plans for a national rollout, concluding: ’If the ideas [the pilots] explore do not pass muster, then they will fade into history at the end of the six-month period. However, if any of the models succeed, we will consider with HMCTS the circumstances in which we may repeat the relevant arrangements on a more regular basis.’Law Society president Joe Egan commented: ’Fees for criminal legal aid work were frozen in cash terms for more than 20 years, and then substantially cut. Criminal legal aid practices already operate at little or no profit. Under this new government plan solicitors would be expected to attend court during unsocial hours for no uplift in pay. Firms would have to pay out additional staff costs without any compensation. It is not acceptable to operate a pilot without paying solicitors properly for the additional cost they will incur as a result.’last_img read more

Beach-dune permit, GLO visit top shoreline talks

first_img Share By KEVIN RICHSpecial to the PRESSThe SPI Shoreline Task Force considered a beach-dune application for a multi-use sidewalk as well as heard shoreline department updates during its Dec. 12 meeting.Up for consideration was a beach-dune application for a multi-use trail that would begin at the current walkway termination near Gulf Boulevard and E. Sunset Street, and connect it to the current beach access adjacent to the Parkshores Condominiums. The project description provided by Shoreline Management Director Brandon Hill states that the proposed 10-foot wide, 127-foot long sidewalk would be placed across the landward side of the undeveloped beach front lot located at 6004 Gulf Blvd.“The Parkshore Beach Access, we’re under the assumption that it’s going to become more highly used due to the fact that the park is opening — the city park — and there’s an easement that allows folks to get from the park to that beach access, so we’re assuming there’s going to be some influx of traffic there,” Hill said.Want the whole story? Pick up a copy of the Port Isabel-South Padre Press, or subscribe to our E-Edition by clicking here. RelatedTask force talks dune permits, shoreline master planBy KEVIN RICH Special to the PRESS During their Monday, Dec. 4 meeting, the South Padre Island Shoreline Task Force considered a beach and dune permit, heard reports on beach related issues and programs, and weighed in on a proposed ordinance addressing the removal of equipment on the beach in the…December 8, 2017In “News”Shoreline Task Force mulls retaining wallBy KEVIN RICH Special to the PRESS The SPI Shoreline Task Force reviewed two beach dune permits in its Dec. 2 meeting. The first was a Beach-Dune Permit for walkover construction at the Marisol Condominiums, 1700 Gulf Blvd. The project involves constructing a 5-foot wide by 300-foot long dune walkover in…December 9, 2016In “News”Taskforce mulls parking feesBy ABBEY KUNKLE Special to the PRESS February 12, 2015 Monday afternoon, Coastal Resource and Parks Administrator Reuben Treviño and City Manager Bill DiLibero attended the Shoreline Task Force meeting to update the committee on projects and improvements along the beach. Treviño came to the Task Force with a follow-up…February 13, 2015In “News”last_img read more

Bill Belichick takes in Auburn Pro Day

first_imgAUBURN — Only one NFL head coach attended Auburn’s Pro Day, but Bill Belichick draws attention wherever he goes.“I turned around and seen the Super Bowl champ back there and I was like, ‘Whoa. He in Auburn. Did he know where that was?’” wide receiver Sammie Coates said. “But that was good to have him out here to watch us perform and I was very excited to see him back there.”Some early mock drafts have the Patriots selecting Coates at the end of the first round.“He just told me, ‘Good job,’ and that’s all I needed,” Coates said. “I didn’t need much more than that.”Belichick watched Coates and the rest of Auburn’s 21 Pro Day participants perform individual workouts and instructed a drill for linemen.“It was definitely a motivating force,” tight end C.J. Uzomah said. “It was definitely a lot more fun knowing that he would be out here.”Auburn coach Gus Malzahn was glad to have one of the greatest coaches of all-time on campus but didn’t get into X’s and O’s with Belichick.“I have a lot of respect for him,” Malzahn said. “He’s a cutting edge guy and he wins. He’s one of the best, obviously in the business.”last_img read more

Scoreboard Roundup — 10/26/17

first_img(NEW YORK) —  Here are the scores from yesterday’s sports events:NATIONAL BASKETBALL ASSOCIATIONChicago 91, Atlanta 86Memphis 96, Dallas 91Boston 96, Milwaukee 89L.A. Clippers 104, Portland 103New Orleans 114, Sacramento 106NATIONAL HOCKEY LEAGUEBoston 2, San Jose 1N.Y. Rangers 5, Arizona 2Carolina 6, Toronto 3Pittsburgh 2, Winnipeg 1; OTTampa Bay 3, Detroit 2Florida 8, Anaheim 3L.A. Kings 4, Montreal 0Ottawa 5, Philadelphia 4Minnesota 6, N.Y. Islanders 4Edmonton 5, Dallas 4Vancouver 6, Washington 2TOP-25 COLLEGE FOOTBALL(20) Stanford 15, Oregon St. 14NATIONAL FOOTBALL LEAGUEBaltimore 40, Miami  0Copyright © 2017, ABC Radio. All rights reserved.Powered by WPeMatico Relatedlast_img