New Therapy for Depression to be Trialled in Oxford

first_imgThe Universities of Oxford and Bangor have together launched a million pound study into a new therapy designed to help prevent patients relapsing into suicidal depression. Rebecca Crane, of the Centre for Mindfulness Research and Practice, said that the team was “optimistic” of establishing a new preventative approach to tackling depression. The treatment, based on ‘mindfulness’, encourages individuals to accept emotions and to approach experiences with openness in order to reduce stress. The therapy is to be trialled in both Oxford and North Wales.by Rob Pomfretlast_img read more

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Vermont auto loan delinquency rate drops second fastest in US

first_imgTransUnion.com released today the results of its analysis of trends in the auto lending industry for the first quarter of 2009. The report is part of an ongoing series of quarterly consumer lending sector analyses focusing on credit card, auto loan and mortgage data that may be found on TransUnion’s Web site. Information for this analysis is culled quarterly from approximately 27 million anonymous, individual credit files, providing a real-life perspective on how U.S. consumers are managing their credit health. The largest improvements in delinquency from the previous quarter were found in South Dakota (45.16 percent decrease from 0.62 percent) and Vermont (33.3 percent decrease from 0.99 percent).StatisticsThe national 60-day auto delinquency rate (the ratio of auto loan borrowers 60 or more days past due) dropped slightly between the fourth quarter of last year and the first quarter of 2009 (0.86 percent to 0.83 percent). However, year-over-year the delinquency rate at the national level increased 27.69 percent in the first quarter.Auto loan delinquency was highest in Mississippi at 1.49 percent, followed by Louisiana at 1.40 percent. The lowest auto loan delinquency rates were found in South Dakota (0.34 percent), North Dakota (0.35 percent) and Wyoming (0.44 percent).Average auto debt nationally continued to decrease slightly in the first quarter of 2009 from $12,713 to $12,596. Likewise, year-over-year auto debt fell by 1.85 percent. The state with the largest auto debt burden was Nevada at $15,080, followed by Texas at $14,748. The lowest average auto debt was in Nebraska at $10,629. The steepest annual increases in average auto debt as a percentage occurred in Michigan(+1.49 percent), New Jersey (+1.38 percent) and Rhode Island (+0.48 percent), while South Dakota experienced the sharpest drop in annual average auto debt (-4.61 percent) followed by Utah (-3.38 percent).AnalysisThe drop in the first quarter 60-day auto delinquency rate reflects more seasonal patterns rather than a reversal of the trends associated with the current lending environment. As in recent quarters, both the availability of funding (liquidity crisis) in the market for auto loans and tighter lending standards have significantly decreased the number of auto loans in the market, putting continued upward pressure on delinquency rates.On a state-level basis, 27 states experienced a drop in their quarter-to-quarter delinquency rates while only one (South Dakota) showed a drop on a year-over-year basis. It is interesting to note the deteriorating risk environment has now affected even Alaska, which at the end of last year showed an extremely low auto delinquency rate of 0.19 percent. In the first quarter of 2008 Alaska’s delinquency rate increased by 247 percent quarter-to-quarter and 78 percent on a year-over-year basis–the largest increase for 2009.”At the end of the 2001 recession, the national auto delinquency rate increased to a high of just over 1 percent, and then began to edge downward for the next four or five years,” said Peter Turek, TransUnion’s automotive vice president. “As the recession came to a close in November of 2001, three of the five riskiest cities in the country were found in Texas: El Paso (5.00 percent), McAllen (2.46 percent) and Laredo (2.09 percent). In our current recession, Laredo is still leading in terms of auto delinquency (3.08 percent), but now is followed closely by metropolitan areas within the state of California such as Visalia (2.33 percent) — reflecting the impact of the housing market on that state’s economy. Today, the least risky metropolitan area is Corvallis, Ore., which shoulders an almost zero auto delinquency rate — a position consistent with what it held during the previous recession.”Forecast”TransUnion’s national 60-day auto delinquency rate forecast for the first quarter of 2009 was short by about 2 percent, as a slightly more favorable vision of the economic environment prompted some downward revisions to our forecast through the end of the year. Our current forecasting models indicate that the national 60-day auto delinquency rate will rise to about 1 percent by year-end, about the same level as that experienced at the end of our last recession,” continued Turek. “However, the overall economy, weak labor market and lower disposable income levels will continue to negatively impact the consumer well into 2010.”At the state level, Mississippi is still anticipated to experience the highest delinquency rate by fourth quarter 2009 (1.94 percent), while South Dakota should prove to have the lowest level of auto delinquency (0.44 percent).Overview of U.S. Consumer Credit Status – First Quarter 2008Mortgage loan delinquency (the ratio of borrowers 60 or more days past due) increased for the ninth straight quarter, hitting a national average high of 5.22 percent for the first quarter of 2009. Traditionally seen as a precursor to foreclosures, this statistic is up almost 14 percent from the previous quarter’s 4.58 percent average. This compares to an increase of 16 percent from the third to fourth quarter of 2008. Year-over-year, mortgage loan delinquency is up approximately 62 percent (from 3.23 percent).The average national mortgage debt per borrower rose again (1.41 percent) to $195,500 from the previous quarter’s $192,789. On a year-over-year basis, the first quarter 2009 average represents a 1.87 percent increase compared to the first quarter 2008 average of $191,917.Average bankcard borrower debt (defined as the aggregate balance on all bank-issued credit cards for an individual bankcard borrower) inched upward nationally 0.82 percent to $5,776 from the previous quarter’s $5,729, and 4.09 percent compared to the first quarter of 2008 ($5,548).Nationally, the bankcard delinquency rate (the ratio of bankcard borrowers 90 days or more delinquent on one or more of their bankcards) increased to 1.32 percent in the first quarter of 2009, up 9.1 percent over the previous quarter. Year over year, bankcard delinquencies increased 11 percent from 1.19 to 1.32 percent.Additional information and statistics on the mortgage sector can be found at: http://newsroom.transunion.com/index.php?s=43&item=526(link is external) Additional information and statistics on credit card sector can be found at: http://newsroom.transunion.com/index.php?s=43&item=527(link is external)TransUnion’s Trend Data databaseThe source of the underlying data used for this analysis is TransUnion’s Trend Data, a one-of-a-kind database consisting of 27 million anonymous consumer records randomly sampled every quarter from TransUnion’s national consumer credit database. Each record contains more than 200 credit variables that illustrate consumer credit usage and performance. Since 1992, TransUnion has been aggregating this information at the county, Metropolitan Statistical Area (MSA), state and national levels.About TransUnionAs a global leader in credit and information management, TransUnion creates advantages for millions of people around the world by gathering, analyzing and delivering information. For businesses, TransUnion helps improve efficiency, manage risk, reduce costs and increase revenue by delivering comprehensive data and advanced analytics and decisioning. For consumers, TransUnion provides the tools, resources and education to help manage their credit health and achieve their financial goals. Through these and other efforts, TransUnion is working to build stronger economies worldwide. Founded in 1968 and headquartered in Chicago, TransUnion employs associates in more than 25 countries on five continents.www.transunion.com/business(link is external)CHICAGO, June 15 /PRNewswire/ TransUnion-Loanslast_img read more

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Toffees fear Barkley absence

first_img Press Association The midfielder was forced to miss the Toffees’ 2-0 Barclays Premier League win over Norwich at Goodison Park with what could be a broken toe. Barkley suffered the injury during the FA Cup third-round win over QPR last weekend, a match in which he also scored. Everton fear rising star Ross Barkley could be out for several weeks with a foot injury.center_img Manager Roberto Martinez said: “We are going to assess him and it seems he is going to be out for a while. It could be broken. “We are going to assess it to see if there was displacement or not. It is a very similar incident to the one Leighton Baines had. “Before we say exactly what it is, that is the fear, that there could be a fracture in his toe.” Left-back Baines returned to action at Christmas after a month on the sidelines with his injury. Barkley, 20, has made a huge impression this season having been given regular first-team opportunities by Martinez. His performances have also earned him three England caps and he is firmly in the reckoning for a place in Roy Hodgson’s summer World Cup squad. The injury will not prevent Barkley travelling with the squad to a warm-weather training camp in Tenerife ahead of next week’s trip to West Brom. Martinez said: “Knowing Ross, being a young man, hopefully with the sun – a bit of vitamin D intake, it will accelerate the (healing) process.” last_img read more

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Underclassmen carry Syracuse in season-ending 4-3 OT loss to Mercyhurst

first_imgBUFFALO, N.Y. — Emily Costales couldn’t look up and had her gloves over her face. Alysha Burriss casually skated to accept her award and without emotion returned to her team on the blue line. Syracuse head coach Paul Flanagan calmly talked to his assistant coaches as his head faced the ice and then at the team that beat his on the other blue line.Syracuse (19-14-3, 14-4-2 College Hockey America) lost a 4-3 heartbreaker in overtime against Mercyhurst (19-10-5, 14-3-3) in the CHA tournament final. The Orange scored two goals in the game’s final three minutes on goals by Allie Munroe and Burriss. Grossi scored SU’s first goal. The loss snapped Syracuse’s eight-game win streak.The game would be the last for Syracuse’s most successful senior class that included CHA Player of the Year Melissa Piacentini.“It’s a weird feeling (that this is the last time donning a Syracuse jersey),” Piacentini said “I don’t think it’s really hit me yet, but I’m sure it will in the future.”As one award-winning class leaves another is ready to takeover. Sophomores Burriss and Grossi, as well as freshman Munroe, were named to the All-Tournament team and others have improved throughout the year.AdvertisementThis is placeholder text“They are very ready to take the reigns,” Piacentini said. “The underclassmen, this year they really led this team (at times). There is a lot of leadership on and off the ice with that group.”Flanagan acknowledged how much success this senior class had but also pointed out his disappointment of not winning a conference tournament.“There is a tremendous amount of disappointment in (the locker room), our upperclassman have been in two overtime losses in a row in a championship game. But you got to kind of revel in the fact that you got in those championship games … it’s going to sting for a while.”Flanagan echoed Piacentini in that the underclassman are hungry for next year and will thrive and be a part of a new core based off of their improvement this year. Dakota Derrer in particular impressed Flanagan.“But Dakota, she is just like an old fashioned defenseman out there. She is blocking shots and getting everything out (of the zone). You don’t notice her a lot. She doesn’t carry the puck up a lot, but she was awesome tonight. She’s only a sophomore.”Munroe has learned a lot from the senior class and expressed gratitude to their influence on not only the team but also herself.“We’re pretty hungry to win next year,” Munroe said. “ The girls that are coming back, even the seniors, want us to win. The offseason is going (to begin) soon for sure.”“We wanted that championship and it was heartbreaking to see them (Mercyhurst) all celebrate.” Comments Published on March 6, 2016 at 1:06 am Contact Jake: [email protected] Facebook Twitter Google+last_img read more

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