House prices: Have they actually gone up in your neighbourhood?

BBC News

House prices in more than half of neighbourhoods in England and Wales are still lower in real terms than a decade ago, BBC analysis has revealed. In 58% of wards, residential properties are selling for less now, after accounting for inflation, than they were in 2007. If you cannot see the postcode search, please click this link to access the same story outside of Google AMP, Facebook Instant Articles or the Twitter app. The findings, drawn from official data, expose a stark regional divide in price movement since the financial crisis. Rising house prices have been confined to the South East and East of England.


New Elearning course: Credit Risk Analytics

@machinelearnbot

On November 15th, my credit risk analytics course will be available as e-Learning. Send me an email at Bart.Baesens@gmail.com Bart Baesens holds a master's degree in Business Engineering (option: Management Informatics) and a PhD in Applied Economic Sciences from KU Leuven University (Belgium). He is currently an associate professor at KU Leuven, and a guest lecturer at the University of Southampton (United Kingdom). He has done extensive research on data mining and its applications.


Regulators to question Facebook over new Libra cryptocurrency

The Guardian

Sun 15 Sep 2019 08.54 EDT Last modified on Sun 15 Sep 2019 09.00 EDT Global regulators will question Facebook on Monday about its Libra cryptocurrency amid concerns from EU governments over the threat the digital currency poses to financial stability, according to the Financial Times. Officials from 26 central banks, including the US Federal Reserve and the Bank of England, will meet with representatives of Libra in Basel on Monday, the FT said, citing officials. Libra's founders have also been requested to answer key questions about the currency's scope and design, FT said. Facebook did not immediately respond to Reuters' request for comment outside regular business hours. Countries including France and Germany have publicly criticised the social media giant's Libra project, saying it posed risks to EU states' sovereignty.


IMF chief tells central bankers to not ignore bitcoin

USATODAY - Tech Top Stories

If you don't prepare, it might vanish forever. LONDON -- Christine Lagarde, the head of the International Monetary Fund, has a message for the world's central bankers: Don't be Luddites. Addressing a Bank of England conference, Lagarde conceded that digital currencies, such as bitcoin, don't currently pose a major threat to the status quo, as they are "too volatile, too risky, too energy-intensive." Some have also been hacked, she noted. But in time, she argued Friday, technological innovations could address some of these issues and as such it "may not be wise to dismiss virtual currencies."


ONS looks to big data as it explores new ways to measure UK economy

The Guardian

The UK's official statistics office is looking into using traffic sensors, mobile photo data and satellite images as new ways of measuring the shape of the economy. The Office for National Statistics (ONS) is opening a new data science campus at its headquarters in Newport, south Wales, on Monday as part of a £17m investment in the way the UK collects and presents data. It will explore new ways of measuring the economy, including using traffic sensors to gauge activity, mobile phone data to track commuter patterns and satellite images to estimate populations. The ONS is under pressure to present more timely and broader insights into the economy following criticism that official statistics fail to capture the full picture of the modern lifestyle in Britain. A government-ordered review by the former Bank of England deputy governor Sir Charlie Bean last year called for the ONS to be more innovative and for economic statistics to be modernised.