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The Minister for Justice and Equality, Ms. Frances Fitzgerald, T.D. today launched the Joint Agency Response to Crime initiative (J-ARC).   J-ARC is a joint strategy between An Garda Síochána, the Probation Service and the Irish Prison Service. Launching J-ARC the Minister said that, “While it is well known that I am particularly committed to strengthening support for the victims of crime, as Minister for Justice and Equality, I would also like to oversee a system which aims to reduce the number of victims by a reduction in offending. The launch of J-ARC today is an endorsement of the work done by criminal justice agencies and community organisations together in challenging offending behaviour which has at its centre the needs of victims to feel safer in their communities.” J-ARC: Joint Agency Response to Crime in Ireland The J-ARC strategy aims to implement a multi-agency approach to the management of crime, to prioritise certain prolific offenders and to develop...

The Executive Board of the International Monetary Fund (IMF) today completed the regular five-yearly review of the basket of currencies that make up the Special Drawing Right (SDR). A key focus of the Board review was whether the Chinese renminbi (RMB) met the existing criteria to be included in the basket. The Board today decided that the RMB met all existing criteria and, effective October 1, 2016 the RMB is determined to be a freely usable currency and will be included in the SDR basket as a fifth currency, along with the U.S. dollar, the euro, the Japanese yen and the British pound. Launching the new SDR basket on October 1, 2016 will provide sufficient lead time for the Fund, its members and other SDR users to adjust to these changes. At the conclusion of the meeting, Ms. Christine Lagarde, Managing Director of the IMF, stated: “The Executive Board's decision to include the RMB in the SDR basket is an important milestone in the integration of the Chinese econom...

Amazon's drone delivery project Prime Air has unveiled a new prototype in a video featuring former Top Gear host Jeremy Clarkson . Home delivery Amazon Prime style According to the videos, the drone could fly for up to 15 miles (24km) and deliver a parcel within 30 minutes of the order being placed. There was no indication of when it might be used by the retail giant. The firm was  given permission to test delivery drones in the US   earlier this year. It also has drone delivery development centres in the UK and Israel. Benefits  Using home delivery could potentially reduce Carbon footprint ,CO2 emissions in cities and on roads. Postal services , road haulage activity during peak rush hour on motorways and highways , could also be cut. Imagine smaller traffic jams every day and cleaner air to breath, in cities , by having lower overall transport congestion. Fast easy home delivery offers the consumer more choice , and deliveries, could be ar...

Full surveillance of your home used to mean placing cameras in every important room around the house. SensorSphere is a product its makers feel will solve that issue. The small ball with a motor inside allows people to roll the camera around the house and look in different rooms. Its modular design means different components can be added, such as smoke and noise detectors. The camera was on show at CES Unveiled in New York, a preview of the CES tech extravaganza in Las Vegas which takes place in January 2016. SensorSphere is in the prototype phase - right now the biggest challenge is in stabilising the camera footage. Further Reading  Elon Musk's Tesla Power Wall and German Manufacturers of renewable energy ,battle over battery-powered homes Google has unveiled Project Sunroof a new global green housing project emoov.co.uk online estate agent continue innovating using EE live video streaming How LG Smart Homes and nest.com are making the best use of I...

Effective interest rates: October 2015 The effective rate paid on households’ outstanding time deposits decreased by 7bps to 1.52% in October and the rate for households’ new time deposits increased by 4bps to 1.55%.   The effective rate on the stock of outstanding secured loans (mortgages) decreased by 1bp to 3.03% in October and the new secured loan rate fell to 2.52%, a decrease of 5bps on the month.  BoE Financial Stability Report, December 2015 The rate on outstanding unsecured personal loans decreased by 3bps to 6.81% in October and the new unsecured personal loan rate decreased by 2bps to 6.95%. The credit card rate (all balances) fell to 10.38%, a 15bps decrease on the month (see Table A for households’ effective rates).  The effective rate paid on private non-financial corporations’ (PNFCs) outstanding time deposits increased by 1bp to 0.68% in October, and the rate on PNFCs’ new time deposits was unchanged at 0.42%. The rate on PNFCs’ outst...