Apple and Australia's three biggest telecommunications providers -- Telstra, Optus, and Vodafone Australia -- have unveiled their iPhone X pricing alongside pre-orders from October 27 ahead of launch on November 3. Purchasing the iPhone X outright from Apple will set Australians back AU$1,579 for the 64GB model or AU$1,829 for 256GB, and it is available in silver and space grey. The price tags are an increase on the iPhone 8 and 8 Plus; in addition, in the United States the iPhone X 64GB model costs $999 while the 256GB model costs $1,149. Accordingly, even when taking into account the exchange rate, Australians are paying between $250 and $390 extra for the iPhone X. The iPhone X similarly costs more in the UK, starting at £999 with VAT, and in New Zealand where it starts at NZ$1,799 and Singapore where the base iPhone X costs SG$1,648. On Australia's incumbent telco -- which recently updated its post-paid and prepaid plans with a media partnership with Foxtel -- the iPhones are available at the following price points including device repayments on its 24-month phone-leasing plans: It costs slightly extra to pay the phone off in monthly instalments under Telstra's plans: Telstra's plans all include unlimited national talk and text and a day pass for international roaming, with all bar the cheapest two including unlimited talk and text to 15 countries (the US, the UK, New Zealand, China, Singapore, Vietnam, Canada, Hong Kong, India, Lebanon, Malaysia, Pakistan, South Korea, Sri Lanka, and Bangladesh) and a number of Foxtel Now starter packs.
Former students will be able to earn more before they have to start paying back their tuition fee loans. English and Welsh students who took out loans from September 2012 onwards - when fees in England rose to up to £9,000 a year - will now start to pay back when they earn £25,000 a year instead of £21,000. The government says the move could save graduates up to £360 a year. The National Union of Students said the change was "welcome relief" for many. The Department for Education says some 600,000 graduates will benefit over the next financial year alone.
What is the best way to define algorithmic fairness? There has been much recent debate on algorithmic fairness. While many definitions of fairness have been proposed in the computer science literature, there is no clear agreement over a particular definition. In this work, we investigate ordinary people's perceptions of three of these fairness definitions. Across two online experiments, we test which definitions people perceive to be the fairest in the context of loan decisions, and whether those fairness perceptions change with the addition of sensitive information (i.e., race of the loan applicants). We find a clear preference for one definition, and the general results seem to align with the principle of affirmative action.
The Department of Education has launched a new website to help people with student loans find a repayment option that best suits their needs. The move is part of an effort the Obama administration is undertaking to enroll an additional 2 million people into repayment programs such as the Pay As You Earn program, which caps monthly student loan payments at 10 percent of income. Federal student loan debt exceeds 1.3 trillion, and about one in seven borrowers default on their loans within three years of beginning to repay them. The Government Accountability Office found last year that many eligible borrowers don't participate in the income-driven repayment programs, in part, because the department doesn't consistently notify them of their options. Education Secretary John King told reporters during a conference call that he's still paying off loans he took out as a graduate student.