Facebook NewsCommunityFire Walk for Special OlympicsBy Staff Reporter – April 17, 2014 563 Twitter Fancy doing a world record Fire Walk to help Special Olympics Ireland?Sign up for the weekly Limerick Post newsletter Sign Up Over 600 people including rugby legend David Wallace will walk over hot coals to help people. You can be one of these people and break a world record too and all for a great cause!Special Olympics main fundraising event for the Limerick 2014 games is a World Record Fire Walking Challenge. There is an attempt at a World Record for the most individuals consecutively Fire Walking at a Single Venue and the record is currently held by a group in New Zealand and stands at 608 people. The event will take place on Friday, May 16 in the Kilmurry Lodge, Castletroy.Participants arrive at 7pm on the night of the Fire Walk and all participants take part in a Motivational Seminar. After the seminar is completed, participants are led out to the Fire Lanes with Percussion Drums adding to the atmosphere. After the Fire Walk there will be free entry to the ‘after-party’. Entertainment on the night will include a well-known Limerick band and performances from fire breathers, dancers and drummers as well as free entry to the band and nightclub for all participants.Spectators can also attend and watch you walk the Fire Lane as well as taking part in the rest of the night.Fundraise online at http://bit.ly/1h0j1qV or contact Frank by mobile at 085 862 6403 or by email at [email protected] Email WhatsApp Linkedin Advertisement Print Previous article50 choral years of celebrationNext articleShinnors’ List Staff Reporterhttp://www.limerickpost.ie
When making meringues, it is very important that all your equipment (bowls, mixers, spatulas, spoons) are completely clean, since the slightest trace of grease can ruin the outcome. Rub equipment with lemon juice, then rinse and dry completely to remove all traces of fat.Makes approximately 20IngredientsLarge egg whites (room temperature)3Lemon juice1/2tspPinch of saltSuperfine (caster) sugar140gDivine or other good cocoa1 tbspDivine or other good dark chocolate (min 70% cocoa solids)200gShelled pistachios (rough chop or pulse in a food processoruntil in small chunks but not powder)100gMethod1. In a medium bowl, beat the egg whites, lemon juice and salt until fluffy, starting on a low speed and gradually increasing until soft peaks form. Slowly beat in the sugar 2tbsp at a time and continue beating on a high speed until stiff peaks form. Fold in the cocoa.2. Pipe or spoon the meringue on to two lined baking trays to form little ’pyramids’.3. Bake for 1 hour at 100C or until set, then turn off the oven and leave the meringue inside to dry for another hour.4. Melt the chocolate in a metal bowl over a saucepan of simmering water.5. Finally, remove from the heat and carefully dip the bottom of each meringue in the chocolate. Allow any excess to drip off and then dip the chocolate coated part in the chopped pistachios.www.lilyvanilli.com/the-bakery
Nearly a quarter of interest-only borrowers who are already under high stress are considering selling their property, according to UBS.Thirty-five per cent of interest-only borrowers said they were already under “moderate” stress, while 36 per cent said they were under “high stress”, according to the survey of more than 900 people who had taken out home loans over the past year.UBS analysts described the findings as “concerning”, with $640 billion worth of interest-only mortgages outstanding in Australia. GET THE LATEST REAL ESTATE NEWS DIRECT TO YOUR INBOX HERE Global investment bank UBS has found 1 in 3 borrowers with interest-only mortgages don’t know they have them. Photo: Kenzo Tribouillard.“We are concerned that it is likely that approximately one third of borrowers who have taken out an interest only mortgage have little understanding of the product or that their repayments will jump by between 30-60 per cent at the end of the IO period (depending on the residual term),” UBS analyst Jonathan Mott said.“While these loans are well secured, we believe many borrowers may face substantial stress as interest rates rise or when they revert to principal and interest.” Heritage-listed unit block sells for first time in 80 years More from newsMould, age, not enough to stop 17 bidders fighting for this homeless than 1 hour agoBuyers ‘crazy’ not to take govt freebies, says 28-yr-old investorless than 1 hour ago Mortgage stress continues to rise Brisbane’s most in-demand suburbs Interest-only loans don’t require any payment of the loan’s principal amount for a fixed period at the start of the loan, meaning monthly repayments are lower at the beginning but jump dramatically later on. A UBS survey has found 1 in 3 borrowers with interest-only home loans don’t know they have them.A NATIONAL property market analyst has slammed a UBS survey finding a third of borrowers with interest-only home loans don’t even know they have them.The global investment bank survey also found nearly a quarter of interest-only mortgage holders who are already under high stress are considering selling their property, while 17 per cent will need to draw down other lines of credit to meet higher interest rates. UBS analysts are concerned 1 in 3 borrowers with interest-only mortgages are clueless. Picture: Alex Wisser.However, the UBS analyst believes there is a real risk many consumers do not realise their mortgage payments will rise in this manner.But Simon Pressley, who is the managing director of buyers agency Propertyology, has rejected the UBS survey findings.Mr Pressley said it was “unbelievable” that one third of borrowers with interest-only mortgages would not have realised what kind of loan they were taking out.“It’s one of the biggest decisions you make and it’s not a hard concept to understand,” he said.“I can’t imagine anyone would be that silly.” Propertyology managing director Simon Pressley. Picture supplied.Mr Pressley questioned the motivation of the investment bank and the small sample size of the survey. “Why are they making these statements? There’s no way in the world they could back that up because the sample’s so small — what’s their motive?”“They’re accusing a large segment of this country of being fools. “These loans aren’t new, so why are they going totally out of their way to make these massive, scary big statements.” Earlier this year, the Australian Prudential Regulation Authority introduced measures that put a restriction on new interest-only lending to 30 per cent of all new loans.Many banks responded by hiking rates for interest-only loans.The findings come as mortgage stress continues to rise, with ratings agency Moody’s reporting that late mortgage payments had hit a five-year high.