Enca News

2023 - 3 - 20

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Spurred by TikTok, some Americans return to cash to curb spending (eNCA)

Manicured fingers meticulously place cash in transparent envelopes marked "food," "gas" and other categories, demonstrating in a TikTok video a retro ...

"I had a degree but no outlook for a job. She still deposits money in the bank when she saves $1,000 or more. According to Griner, the envelope method still represents "the perfect kind of system for a beginner" to manage a budget. "I was a pretty big impulse shopper." "It's a problem that my generation kind of suffers from: consumerism and just overspending everything," Griner said. "I would swipe my card, and I would just kind of cross my fingers and hope that it wouldn't be declined."

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Hostel Imbizo | Tackling crime in KwaMashu (eNCA)

Politics and crime have been highlighted among the main causes of killings at the KwaMashu hostel.

KZN police commissioner Nhlanhla Mkhwanazi said, "a lot of incidents are happening in rural areas not just hostels. The KwaMashu hostel imbizo has highlighted some of the main causes of the deadly violence in hostels. DURBAN - Politics and crime have been highlighted among the main causes of killings at the KwaMashu hostel.

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Norway's high court confirms its control of Arctic resources (eNCA)

The 15 judges of the Supreme Court unanimously rejected a lawsuit brought by the Latvian fishing company SIA North STAR, which had demanded the right to fish ...

The Supreme Court found in favour of the Norwegian state, ruling that the wording of the treaty could not be subjected to an "extensible interpretation". According to SIA North STAR, the spirit of the treaty indicates that equal rights should apply to the entire continental shelf, a much wider zone, and a concept that also did not exist legally when the treaty was drawn up. But the wording of the treaty limits its geographic scope to the archipelago's land and "territorial waters" -- a concept that today denotes a maritime zone of 12 nautical miles but which was not specifically defined in 1920.

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US government seeks to avoid 'bailout' label amid banking turmoil (eNCA)

US authorities may have taken extraordinary steps in recent weeks to assure depositors of failed lenders Silicon Valley Bank and Signature Bank, ...

"How will that impact... Between the fall of 2008 and late 2009, the US Treasury injected more than $200 billion to recapitalize US banks, without any compensation. bank behavior going forward?" "Depending on how much the FDIC has to drain their deposit insurance reserve to cover depositors now," they might have to charge banks higher fees to replenish that reserve, said David Smith. Days after SVB's collapse this month, the Treasury Department, Federal Reserve and Federal Deposit Insurance Corporation (FDIC) announced that its depositors -- along with those of Signature Bank -- would have access to their money. After the collapse of Silicon Valley Bank this month, the Treasury Department -- pictured in January 2023 -- Federal Reserve and Federal Deposit Insurance Corporation announced its depositors would have access to their money

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