TechPost | Episode 9 | Pay with Google, WAZE – the new Google Maps? and Speak don’t Type! Linkedin Advertisement TAGSCervical CheckhealthLimerick City and CountyNews Previous articleHospital’s Art and Culture WeekNext articleCollege Radio gets totally wired for Record Room live show Bernie Englishhttp://www.limerickpost.ieBernie English has been working as a journalist in national and local media for more than thirty years. She worked as a staff journalist with the Irish Press and Evening Press before moving to Clare. She has worked as a freelance for all of the national newspaper titles and a staff journalist in Limerick, helping to launch the Limerick edition of The Evening Echo. Bernie was involved in the launch of The Clare People where she was responsible for business and industry news. Facebook WhatsApp NewsHealthVicky last in line to see cancer reportBy Bernie English – September 12, 2018 2351 Housing 37 Compulsory Purchase Orders issued as council takes action on derelict sites Vicky PhelanVICKY Phelan, the Limerick woman who lifted the lid on the Cervical Check cancer screening scandal, and other women affected by the issue were not given a preview of important new report despite assurances from Health Minister Simon Harris.Ms Phelan has been diagnosed with terminal cancer but was not told for three years that an audit of cervical tests had revealed that abnormalities had been missed.Sign up for the weekly Limerick Post newsletter Sign Up This Tuesday, Irish newspapers published an outline of what was contained in the report drawn up by the independent expert, Dr Gabriel Scally, despite promises that the women affected and their families would have sight of it before it was put into the public arena.Lorraine Walsh, one of two patients representatives appointed by Health Minister Simon Harris to a steering committee tasked with overseeing changes to the screening programme, said in an interview with RTE that Vicky Phelan and other women had been re-organising personal commitments to meet Dr Scally ahead of the publication of the report on Wednesday.She said: “I know Vicky was due to have treatment, her life-saving treatment in Dublin, and she was trying to change that so she could be briefed by Dr Gabriel Scally.Ms Walsh said the group was already “emotionally charged” ahead of the report being published and the leak was very upsetting.“It had been confirmed to us yesterday by Gabriel Scally and the minister that we would be briefed prior to the report going to Cabinet or published.“And to wake up this morning and to see news of it all over the papers, it’s just heartbreaking.“It’s just so disappointing that throughout this whole experience the main information source that we have is the media.”The report contains a series of recommendations concerning the need to review screening services and governance issues and open disclosure to any person affected by issues connected with the programme in the future.Long and short-term measures have been recommended in the report but Dr Scally has said that a commission of investigation into the CervicalCheck crisis does not need to be established. Print Limerick on Covid watch list Email Limerick Post Show | Careers & Health Sciences Event for TY Students Twitter RELATED ARTICLESMORE FROM AUTHOR Shannon Airport braced for a devastating blow Local backlash over Aer Lingus threat
26SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr,David Barnes Mr. Barnes, a licensed attorney and registered investment advisor representative (Series 65), leads the Heber Fuger Wendin team in service to their institutional and individual clients. He became a Heber … Web: www.heberinvestments.com Details According to legend, Albert Einstein once said, “Compound interest is the eighth wonder of the world. He who understands it, earns it…he who doesn’t… pays it.”Although controversy swirls over whether Einstein actually uttered or wrote those words, there can be no doubt that compound interest is one of the most powerful – and least understood – concepts in the world of investing. Why so powerful? Because understanding how compound interest works and employing it to your advantage can make you money. A lot of it over time. Credit union executives understand the concept of compound interest, but many of your CU members may not. Why? I’m stumped. Maybe because it’s not typically taught in school. Maybe because the subject of our own money seems to be a semi-taboo topic of discussion in our society. Maybe because it’s not sexy. Regardless, it can’t be the result of complexity – understanding compound interest is not exactly akin to understanding the theory of relativity. But, fear not. Here’s a plain-English primer on compound interest and a way to explain to your members how they can harness it over time to boost their investments, whether in a savings account, 401(k), SEP, IRA, college fund or any other investment.Savings with Interest Re-invested doesn’t Grow in a Straight Line; it Grows ExponentiallyMany non-financial people think savings with re-invested interest grows in a straight line – an arithmetic progression. As credit union executives know, it doesn’t; it grows in an increasingly upward-sloping curve – a geometric progression. Compound interest, in the context of investing, is interest added to principal, which then itself begins to make its own interest from then on. Earning interest on interest. Very interesting. It’s the interest payments generated from the principal of an investment account that is added back into the principal so that the previous interest now also begins to earn interest itself. Like a snowball rolling down a hill. As the snowball (the principal) rolls, it picks up more snow (the interest), which make the snowball larger, which causes the snowball to pick up more snow each time it rolls over. Before you know it, you’ve got a great big snowball. And you’re happy as a kid! This analogy is so apt, it was used in the name of a book about Warren Buffett, the greatest investor of our time – perhaps of any time. The book is called The Snowball: Warren Buffett and the Business of Life. Buffett is a buy-and-hold investor who generally prefers to buy stocks (often with the “float” or premium payments from his insurance company holdings) and keep them for a long time while their price appreciates over time and the dividends (e.g., interest) generated from them is plowed back into the stock.Fortunately, your members don’t have to be Warren Buffett to take advantage of the snowballing effect of compound interest. And they don’t have to study all the funky formulas on Wikipedia’s “Compound Interest” page to reap the rewards of this slow and silent financial wonder. Just make a little snowball by contributing to a 401(k), SEP, IRA or kid’s college fund and keep adding to it automatically every two or four weeks with payroll or bank account deductions. Then roll it down a hill (on slope that they feel comfortable with and that is right for them) by investing in reputable mutual funds, stocks and/or bonds that they understand. They shouldn’t fling it down a steep, rocky, double black diamond expert run unless they know the risks and are prepared to live with the possibility of their snowball breaking asunder into a tree or boulder after growing fast and large. On the other hand, they should be wary of being too conservative by picking an extremely conservative bunny hill that may result in a very slow rolling and small snowball, which may not create as much compounding over time. And regardless of the incline, they should resist the temptation to stop the snowball from rolling temporarily while they dig a chunk out of it to buy a fancy new car or take a European vacation. Although expensive splurges are fun, their poor snowball’s growth will be stunted from such meddling because its mass and momentum will be impaired. Instead, suggest they consider setting up a separate “fun” account at the CU with the idea that they’ll invade it without guilt when the spirit to splurge (within reason) moves them in the future.The key to investing and reaping the rewards of compound interest is to let it work for investors by giving it lots of time and opportunity. And (this is the hardest part) to really know yourself; your true risk tolerance, your financial goals, your overall financial situation in life, and your time horizon so that when your investment snowball creaks to a gentle stop, it will be large enough to meet your goals. If members do it right, as the snowball grows large, their principal contributions will pale in comparison to the compounding effect. With time, the snowball’s growth may be powered more by compounding than their contributions. Then, at the bottom of the hill they can dig in, have a big snowball fight and still have some left over to bequeath a few snowballs to their kids and grandchildren.All because of the eighth wonder of the world.