With a Catholic school due to close down in Swaffham later this year, people have been advised to provide views on the possibility of a new primary school at the site.Sacred Heart School on Mangate Street is expected to close at the end of the summer term in July.The school, which appeared on Channel 5 series Bad Habits, Holy Orders, was unable to raise enough funds following a campaign for financial support.However, the potential for a replacement non-fee paying Catholic primary school has arisen.Norfolk County Council will have the final say over the decision to introduce a new school, but Sacred Heart will be holding drop-in sessions to gather opinion from members of the public.The school will also be holding an open day on Saturday, February 9 between 10am and noon in which people can visit the site to see what kind of facilities will be on offer for the new school.Two drop-in sessions will take place at the school on Thursday, January 17 from 3.30pm to 5pm and Wednesday, February … [Read more...] about Swaffham’s catholic school set to close after summer term
UNDER VENEZUELA’S constitution, presidents are supposed to be sworn in before the national assembly, the country’s legislature. But the ceremony that will begin Nicolás Maduro’s second six-year term, planned for January 10th, is to take place at the supreme court. That is because the opposition-controlled assembly regards Mr Maduro’s election last May as a farce and his second term as illegitimate. The nominally independent court, by contrast, remains an obedient servant of the regime. The change of venue is a characteristic manoeuvre by Mr Maduro, who is keeping power by increasingly dictatorial means. Get our daily newsletter Upgrade your inbox and get our Daily Dispatch and Editor's Picks. That is his one talent. After a catastrophic first term, Mr Maduro is arguably the world’s least successful president (see charts). But the seeds of disaster were planted by his predecessor, Hugo Chávez, who died in 2013. An eloquent populist, … [Read more...] about Nicolás Maduro digs in for another six-year term
Shortlist Media, the publishing group behind Shortlist and Stylist magazines, saw its pre-tax losses double last year as it looks to shift its advertising revenue away from print. The company reported pre-tax losses of £8.6m in the year to the end of March 2018, with turnover rising marginally to £22.9m from £22.6m the year before. “Shortlist Media continues a long-term transformation strategy to shift the major revenue stream from print display to multi-platform, predominantly content-based solutions,” the company said in a report filed to Companies House. “It is expected that digital revenues will overtake print within the next three years and become the main driver of overall contribution,” it added. The results come just weeks after Shortlist announced it was closing its free men’s magazine after 552 issues. Shortlist magazine, which had a circulation of roughly 500,000, is the latest in a string of closures for magazines, after NME … [Read more...] about Shortlist Media losses double as it closes men’s print magazine in shift to digital
BITCOIN'S value has plummeted in recent months as it plunges to a record low for 2018 - but will it die out? Here we explain what the future holds for cryptocurrencies, how they work, and what they are. At 11.45am on November 20, 2018, one bitcoin was trading for around 2,984.53 Pound sterling and 3,779.06 USD. The coin has lost more than a sixth of its value since October, and was a shade of the £14,500 value at its height in December 2017. Teenage investor Erik Finman, 19, said: "Bitcoin is dead, it's too fragmented, there’s tons of infighting I just don’t think it will last. "It may have a bull market or two left in it, but long-term, it's dead." What is Bitcoin? Bitcoin is a virtual currency that was created in 2009 by an unknown computer whizz using the alias Satoshi Nakamoto. Individual Bitcoins are created by computer code. The total value of all Bitcoin in existence is now more than £112billion. Transactions are made without middlemen, so there are no … [Read more...] about Is Bitcoin dead and will cryptocurrencies last in the long-term?
As the Fed prepares to raise rates (maybe), Double Down talks to Chris Martenson of PeakProsperity.com about his thoughts on the role the central banks have played in destroying the business cycle in a desperate attempt to try and save the credit cycle, which is going on its third bust in a decade. In terms of the outlook, Martenson operates on a theory he calls, "Until and unless:" Until and unless credit markets are given more free money they can throw at hopeless enterprises, more companies will get exposed as not viable businesses. Until and unless there is more quantitative easing that is at least twice as large as we've seen, the system cannot be rescued. So what next? Will the ‘everything bubble' burst? Is there any alternative to a big crisis? And can the central banks save the day again? When the meltdown does arrive, Martenson reckons "money for the masses" will be the … [Read more...] about Printing Up Purchasing Power