Short-term debt and depressive symptoms may go hand-in-hand

first_imgLinkedIn Debt contract provisions could include mandatory financial counselling and the right to rescind within a specified timeframe.Those who had debt were younger, more likely to be male, less likely to be black or Hispanic, had more highly educated parents, were more highly educated themselves, were more likely to be married and working, had greater income and assets, and were in better health.It was when the researchers began to adjust for measures of socio-economic status, and to refine their analysis to subgroups defined by age, education and marital status, that a negative association began to emerge. They also controlled for reverse causality to check that debt was causing depression and not vice versa.The study was focused on around 8,500 working-age adults. The data were taken from two waves of the National Survey of Families and Households, conducted six years apart and ending in 1994. Overall findings included the fact that 79 percent of respondents had some debt, totalling an average of $42,000. Long-term debt accounted for by far the largest portion.Spurred by increased homeownership and an increase in unsecured revolving credit card debt, household debt has increased dramatically in the last 40 years. While it has declined since 2008 as credit has become more difficult to obtain, it remains at historically high levels.The researchers suggest that future research should include an analysis of whether the effects can be reversed and reducing short-term debt can help alleviate symptoms of depression. Results to be published in the Journal of Family and Economic Issues suggest that having short-term household debt — credit cards and overdue bills — increases depressive symptoms. The association is particularly strong among unmarried people, people reaching retirement age and those who are less well educated, according to a new study by lead author Lawrence Berger of the University of Wisconsin-Madison.These are the first results to show the impact of different types of debt on depression and their effects on different sectors of the US population. Little evidence was found for an association with mid- or long-term debt.“New debt contracts could be offered to vulnerable borrowers and the population sectors we identified could be targeted with help in building their financial capacity,” says Berger. “The findings could also be used to help mental health practitioners better understand the impact of clients’ borrowing habits on depression.” Email Share on Facebookcenter_img Share on Twitter Pinterest Sharelast_img read more

Busy Week Of DWI Arrests In East Hampton

first_imgThere were nine arrests on drunken driving charges made by East Hampton Town police through Monday morning this past week. Several are detailed elsewhere in this issue.An excessively high breath test reading has resulted in an East Hampton man now facing an aggravated misdemeanor drunken driving charge, according to police. Matthew Silich, 22, was driving a 2010 Volkswagen on Main Street in East Hampton Village early Monday morning when a town officer reported him swerving multiple times across the double yellow lines, leading to a traffic stop.The officer said Silich smelled of alcohol, was unsteady on his feet, and failed sobriety tests. He reportedly told police he was coming from the Stephen Talkhouse and had consumed “two Montauks.”Under arrest on a charge of driving while intoxicated, he was taken to headquarters, where a breath test to determine the percentage of alcohol in his blood produced a reading of 0.26 percent reading, the police said. That reading is more than three times the legal limit and well above the 0.18 mark that automatically raises the charge to the aggravated level.His family was in court later Monday morning for his arraignment. Carl Irace, one of two attorneys retained by the state to represent defendants being arraigned on weekends and holidays, stood next to Silich. Irace told East Hampton Town Justice Steven Tekulsky that Silich had recently graduated from college. Irace questioned the high reading, saying it didn’t seem to match the other facts of the case, such as Silich’s statement to police, and his physical appearance.That question, Justice Tekulsky responded, will have to be brought up in the future by whichever attorney Silich retains. Under the state-run weekend lawyer program, the attorneys are not allowed to represent the defendants past the arraignment.Justice Tekulsky ordered Silich released without bail, saying he had strong community ties, though he did express concern about the high reading.A 2018 Tesla allegedly moving at 87 miles per hour on West Lake Drive in Montauk led to a traffic stop, which was followed by the arrest of Antonello Paganuzzi, 48, early Sunday morning on a drunken driving charge.The arresting officer said Paganuzzi, who splits his time between Davie, Florida, and Montauk, along with other locations, smelled strongly of alcohol, and failed roadside sobriety tests.There was a passenger in the Tesla at the time. “I just wanted to show him the pickup of the car,” Paganuzzi is quoted as telling the officer. “I thought I was going like 75.” The speed limit on West Lake Drive is 45 mph. The northbound Tesla was pulled over near Star Island Drive, the police said.Paggnuzzi was taken to headquarters, where East Hampton Town police said he refused a breath test.Besides a speeding ticket and a misdemeanor driving while intoxicated charge, Paganuzzi is also facing a felony charge of unlicensed driving.However, Brian DeSesa, the other attorney in the weekend program, was on hand Sunday, and represented Pagnuzzi. DeSesa said that he believed the felony charge may be dropped. Paganuzzi’s license had been suspended, DeSesa said, for failure to pay a fee. That may have been a clerical error, which would eliminate the charge. “He believes he did clear that,” DeSesa said.Justice Lisa Rana told Pagnuzzi that his license was suspended for the next year for refusing the breath test, pending a hearing at the Department of Motor Vehicles. “You cannot drive,” she said.As she considered the proper bail amount, she asked what Pagnuzzi did for a living, and what his connection to the Town of East Hampton was, and was told he is the director of operations for LDV Hospitality. The firm runs Scarpetta, a fine-dining restaurant at both Gurney’s Resort in Montauk and Gurney’s in Newport, as well as other locations. Bail of $1,500 was set and posted.An East Hampton Town police officer following a 2016 Chevrolet Camaro she said was being driven erratically ended up arresting Juan Castillo-Forero, 28, on a drunk driving charge after he turned into the parking area west of what is commonly known as the “Smiley Motel” in downtown Montauk and smacked into a wooden barrier, early on May 23.During his arraignment later that day, Castillo-Forero told the court that, while his license states that he lives in Northport, he recently moved to Montauk, where he is working as a manager at Gurney’s resort.Besides the misdemeanor driving while intoxicated counts, Castillo-Forero was also charged with several traffic infractions. “I had two beers,” he reportedly told the arresting officer. A breath test at headquarters produced a reading of 0.14 of one percent. Intoxication is defined as any reading of 0.08 or higher.Castillo-Forero posted $250 bail.Town police also arrested Miguel Uzhca Carchippula around midnight Friday. Police said they found him behind the wheel of a 2006 Nissan Murano, engine running, at the Speedway gas station in Wainscott. He failed roadside sobriety tests and was arrested. Uzhca Carchipulla, 30, an East Hampton resident and day laborer, refused to take the breath test at headquarters.His family was in the court for his Saturday morning arraignment. His driving privilege was suspended for the next year. His family posted $250 bail for his release.William Edwards, 29, of Plainview, had the lowest reading of the week, 0.11. Police said they found him sitting in a 2010 Honda Accord stopped in the middle of the intersection of MontaukHighway and West Gate Road in Wainscott about 2 AM Monday. Cited for obstructing traffic, he was then charged with misdemeanor DWI. He was freed later Monday after posting $200 bail, with a future date on the East Hampton Town Justice Court’s criminal [email protected] Sharelast_img read more

Corporate manslaughter: When they read you your rights

first_imgSubscribe to Building today and you will benefit from:Unlimited access to all stories including expert analysis and comment from industry leadersOur league tables, cost models and economics dataOur online archive of over 10,000 articlesBuilding magazine digital editionsBuilding magazine print editionsPrinted/digital supplementsSubscribe now for unlimited access.View our subscription options and join our community Subscribe now for unlimited access Get your free guest access  SIGN UP TODAY To continue enjoying Building.co.uk, sign up for free guest accessExisting subscriber? LOGIN Stay at the forefront of thought leadership with news and analysis from award-winning journalists. Enjoy company features, CEO interviews, architectural reviews, technical project know-how and the latest innovations.Limited access to building.co.ukBreaking industry news as it happensBreaking, daily and weekly e-newsletterslast_img read more

QPR want Celtic star – report

first_imgFollow West London Sport on TwitterFind us on Facebook QPR boss Harry Redknapp wants to sign Celtic striker Gary Hooper, according to the Daily Mirror.It is claimed that Hooper could leave Parkhead this summer and that Redknapp wants him to play for the R’s in the Championship next season.Redknapp, it is suggested, is willing to pay £6m for the former Scunthorpe forward as he is keen to boost his team’s attacking options.Hooper is said to be waiting on a new contract at Celtic, who apparently could accept an offer for him if the money is too good to refuse.He has been linked with a move to QPR several times in recent years.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last_img read more