Archive for: July 2016

Teens Find Financial Security A Bigger Issue Than Environment

Fears about a possible nuclear war and environmental destruction are waning among teenagers across Europe. Money troubles had kept most teenagers awake at night.

According to a 28-year study, teenagers from the 80s said the issues that kept them awake at night included climate change and the threat of global conflict. Today, 92% of teenagers are troubled about money, personal accidents, bullying and terrorist attacks. This is in stark contrast to the nuclear threat and environmental destruction worries from more than two decades ago.

Lead author Dr Nanette Danielsson, of Karlstad University in Sweden, said:

“Many adolescents have sleep disturbances, and this is associated with adverse consequences.

“Sleep disturbance was strongly associated with worry for the family’s financial situation, followed by worry about illness or accidents.

“Relationships between sleep disturbance and worry for environmental destruction and nuclear war were weaker.

“Concerns closely tied to one’s personal life, as well as current political threats, may have stronger associations with sleep disturbance than global threats due to a closer proximity to one’s own life situation.”

Between 1988 and 2011, more than 20,000 Swedish teenagers were asked to complete a questionnaire about living conditions and their health. Sleep disturbance was reported by 24 per cent of girls and 16 per cent of boys.

Pessimism Invades Businesses After Brexit Vote Decision

Upon voting exit, it would seem businesses and investors have lost confidence in the economy and the UK’s current stature.

According to research from YouGov at the Centre for Economics and Business Research, pessimism had increased about 25% the week before the referendum to 49%. This would mean companies and investors are pulling back or scaling down their activities in the United Kingdom.

Scott Corfe, director at the CEBR, said that the figures indicated a “significant shock reaction” among UK businesses following the vote last month.

He said:

“Businesses are clearly spooked by the referendum result and they’ve reined in their intentions for capital spending. They’ve reined in their expectations for exports and domestic sales growth.

“And business confidence is a leading indicator for where the economy is heading over the coming quarters. What it suggests is that the economy is in for quite a significant slowdown over the next three to six months.”

As the pound took a beating after the initial Brexit shock, global markets are also destabilising. Japan’s Yen had increased after investors sought safety with the pound’s devaluation.

As uncertainty looms over the United Kingdom, several figures see positivity in the ‘brave new world.’

Former Senior Economist at the International Monetary Fund Ashoka Mody believes the Remain campaign’s message to stay echoes much about establishment of certain parties’ interests that they are left to defend such.

Mody said the idea of new deals and the deliberate reduction of value for re-negotiating terms are flaws in a system that could open new doors of possibilities for the country.