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Uk Mortgage Deals At Five-year High, More Help On Its Way

Nook Price Cuts in the UK Are Helping B&N Get Their eReaders Out There, Director Says

In an interview with Mashable , managing director of Barnes & Noble Jim Hilt insists that the company isn’t going through a dark phase, on the contrary, it is trying to reach every possible customer in the country. Last week we have seen Barnes & Noble axe down the prices for its Nook Simple Touch GlowLight quite significantly to 49 / $87 / 58. A few months before the company did the same with its Nook Simple Touch Reader, bringing down its price tag to 29 / $47 / 35. The two digital book libraries have been out on UK retail shelves since last year, but since then they didnt seem to attract a lot of customers. And Jim Hilt believes it happened for a very good reason. A number of people in the UK havent made the transition [to digital reading]. Theres a perception that theyre priced too highly or the quality of the product hasnt been sufficient. So the company is trying to attract new customers to its digital book wonderland by aggressively pricing its eReaders so conveniently, knowledge geeks cant say no. It appears that ever since B&N axed the prices for its Nook Simple Touch almost in half, the company is struggling to keep up with the demand. Will the Nook Simple Touch GlowLights fate be as fortunate as its brother? In all possibility yes, as the eReader is the only of its kind featuring an integrated light priced below to 49 / $87 / 58. Vice president and principal analyst at Forrester, Thomas Husson voiced his opinion on B&Ns pricing strategy in an email sent to Mashable in which he said that The price cut seems to indicate they want to fight Amazon at their own game with lower prices. Looking at the ranking of the Nook apps in the UK Google Play and Apple App Store, it seems like B&N has not yet managed to create an ecosystem around their devices in the UK. A bunch of revamped eReaders might help the company make a comeback though. FILED UNDER:

Mike Barton, Police Chief, Says UK Should Decriminalize Drugs Because Drug War Is Failing

Prime Minister David Cameron at the weekend unexpectedly brought forward the launch of a state-supported mortgage guarantee initiative that critics say risks stoking a housing bubble. Mortgage deals for house purchase rose surprisingly strongly in August to stand at 62,226, the highest since February 2008 and up from 60,914 in July, Bank of England data showed on Monday. The housing market – a national obsession in Britain – has shown increasing signs of recovery, supported by a healing economy and official programmes to bolster lending to consumers and firms. Stronger demand is being reflected in rising prices. House prices in England and Wales posted their biggest month-on-month gain in more than six years in September, a survey showed earlier on Monday. The new mortgage guarantee scheme, part of the broader Help to Buy programme, which was originally set for launch in January, should boost demand further. “The government’s announcement that the Help to Buy mortgage indemnity scheme will start three months early will probably give further upward momentum in coming months,” said BNP Paribas economist David Tinsley. Monthly mortgage approvals could reach around 70,000-75,000 by the end of the year, he said. That compares with a monthly average of around 90,000 before the 2008 financial crisis. Aiming to help people unable to put up a sufficient mortgage deposit, the government will provide 12 billion pounds in guarantees to encourage lenders to extend mortgages of up to 95 percent of the value of properties being bought. Cameron said state-backed banks Lloyds and Royal Bank of Scotland would take part in the programme. Britain’s other major banks have said they are considering whether to join.

For more information on O2 4G, please visit: www.o2.co.uk/4g . About O2 O2 is the commercial brand of Telefonica UK Limited and is a leading digital communications company. With over 23 million customers, O2 runs 2G, 3G and 4G networks in the UK. As well as operating O2 Wifi and owning half of Tesco Mobile, O2 has over 450 retail stores and sponsors The O2, O2 Academy venues and the England rugby team. Telefonica UK Limited is part of Telefonica Europe plc (a business division of Telefonica SA), which uses O2 as its commercial brand in the UK, Slovakia, Germany and the Czech Republic. About NETGEAR, Inc. NETGEAR ( NTGR ) is a global networking company that delivers innovative products to consumers, businesses and service providers. For consumers, the company makes high performance, dependable and easy to use home networking, storage and digital media products to connect people with the Internet and their content and devices. For businesses, NETGEAR provides networking, storage and security solutions without the cost and complexity of big IT. The company also supplies top service providers with retail-proven, mobile broadband solutions for their customers on the go. NETGEAR products are built on a variety of proven technologies such as wireless, Ethernet and Powerline, with a focus on reliability and ease-of-use.

NETGEAR 4G LTE Mobile Hotspot Now Available in the UK Through O2’s New 4G Network

Writing in The Observer, the national intelligence leader for the Association of Chief Police Officers also suggested the NHS should supply class-A drugs such as heroin and cocaine to addicts. He said: “Not all crime gangs raise income through selling drugs, but most of them do in my experience. “So offering an alternative route of supply to users cuts off the gang’s income stream. “If an addict were able to access drugs via the NHS or some similar organisation, then they would not have to go out and buy illegal drugs. “Drugs should be controlled. They should not, of course, be freely available. “I think addiction to anything – drugs, alcohol, gambling, etc – is not a good thing, but outright prohibition hands revenue streams to villains.” Under Mr Barton’s direction, Durham Constabulary launched Operation Sledgehammer, a sustained campaign to “get in the faces” of organised crime gangs. He has previously claimed to seek inspiration in the way notorious Prohibition-era mafioso Al Capone was finally brought down not for bootlegging, but tax evasion. The officer, who has served for nearly 34 years, said he had witnessed a worsening drug addiction problem since prohibition began in 1971 with the Misuse of Drugs Act. He argued that pushers had made billions from adulterated drugs, transforming them into local folk heroes for young people. “Decriminalising their commodity will immediately cut off their income stream and destroy their power,” he said.