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the people who are affected most by high interest rates would tend to be younger households. older people, older house holders, are more likely to have paid off their mortgages they are mortgage free so they don t feel the impact of the increase in mortgage rates. you could spread the pain more broadly, so those households that, perhaps, aren t facing higher mortgage rates currently households that don t hold mortgages would potentially contribute towards the squeeze in demand by paying higher taxation. you could argue for a property tax, for example. yet there are also practical problems with using tax and spending policy to control inflation. history suggests it s hard to get the timing right, and when it comes to tax and spending political considerations often interfere unhelpfully. this is why the practice in recent decades has been to leave inflation control to the independent bank of england. however there is certainly more open thinking going on among res ....
Scientists have announced the start of a process to declare that we are in a new time period called the anthropocene apologies for at the pronunciation, it is a difficult word to pronounce. because of the effects humans are having which can be seen on the whole planet. a core from the sediment of crawford lake in ontario in canada has been selected as the best example of human activity being permanently etched in the geological record. a new epoch isn t something that happens very often, the last time was 11,000 years ago as rebecca morelle explains. heading to a site that records a turning point in the earth s history crawford lake in canada. and scientists are looking for signs of a new geological time period, the anthropocene epoch. so what we have here is the lake bed. when we just took the core, you see light, dark, light, dark layers. these layers are like tree rings representing every year of our past. ....