Leisure, Lifestyle & Wellness
Facebook users prone to taking financial risks: Study

The study said Facebook users see their online social circles as a cushion against financial loss

 

Ever wondered how Facebook influences our financial decisions. Well, an Australian research claims that Facebook users who invest or gamble just after going through their news feed are more irresponsible with their money.
 
The study said Facebook users see their online social circles as a "cushion" against financial loss. 
 
Eugene Chan, a Sydney marketing expert at the University of Technology, said Facebook users should not engage in online investment or gambling and must postpone their casino visits for up to an hour after checking Facebook feeds, ValueWalk.com reported.
 
With more time passing, a user faces less risk of making a reckless decision, but a habit of making reckless decisions can hit the user many times a day if he or she is a frequent Facebook user, the study said.
 
"It is not just being a user of Facebook that increases financial risk-taking ... only those who actively browsed Facebook subsequently invested in more stock," Chan said.
 
Chan said that after checking Facebook feeds, users can be intrigued into riskier ventures because it subconsciously highlights support from family and friends in case of any crisis.
 
Chan said he is more vigilant after the conclusions of his study and wants all other users to be cautious. Internet users should not buy stocks immediately after using online social networking sites.

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Football officials arrested ahead of FIFA Congress

The 1994 World Cup was held in the US

 

Six football officials were arrested and detained by the Swiss police on Wednesday before FIFA holds its congress.
 
The Swiss Federal Office of Justice (FOJ) said that the case involves bribes totalling more than $100 million linked to commercial deals dating back to the 1990s for football tournaments. It also confirmed that FIFA president Sepp Blatter was not among those arrested, reports Xinhua.
 
"The US Attorney's Office for the Eastern District of New York is investigating these individuals on suspicion of the acceptance of bribes and kickbacks between the early 1990s and the present day," a FOJ statement said.
 
The 1994 World Cup was held in the US.
 
The police raided a hotel and took away the officials from their rooms, who are in Switzerland for the FIFA Congress and presidential elections.
 

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Greenpeace can operate two domestic accounts: Court

The high court bench of Justice Rajiv Shakdher also allowed Greenpeace to encash its fixed deposits and utilise the funds for running the organisation

 

The Delhi High Court on Wednesday allowed NGO Greenpeace India to operate two of its domestic accounts to accept fresh domestic contribution which it can use for its day-to-day functioning.
 
The high court bench of Justice Rajiv Shakdher also allowed Greenpeace to encash its fixed deposits and utilise the funds for running the organisation.
 
The court said it was giving the interim relief to the NGO so that it can continue to work at the moment. The court clarified that the NGO cannot utilise the amount frozen by the government.
 
The court was hearing a plea of Greenpeace India to de-freeze its international and national bank accounts, which were blocked following a home ministry directive last month.

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