Guardian Australia investigation reveals huge payouts faced by some elderly people; White House denies report president could stand down
Morning everyone. Older Australians have been left “dumbfounded” by the huge payouts they had to make to a home equity release scheme after they sold their homes, a Guardian investigation has found. We also have the latest on the Fatima Payman saga, pictures from the Midwinter Ball, Joe Biden vows to fight on, and Thanasi Kokkinakis wins a Wimbledon classic.with the Midwinter Ball bringing the political class out in all their finery, and even an actual celebrity, Rachel Griffiths .
at the UK general election, the Guardian has been told.
For Leonard Wolfenden, the implications of his Homesafe deal were enormous. In exchange for an advance of about $80,000, the “home equity release” scheme claimed 54% of the sale proceeds of his Melbourne home when he sold 13 years later. After Homesafe took its share, he was left with just $235,000 – not enough to buy the small unit he had planned to downsize to, and meaning he spent his last years of life living with his daughter, away from his community, and on a strict budget.
The third series of the hit Disney+ series The Bear, which follows the fortunes of a Chicago chef Carmy, launched last week to give its fans more details to obsess over. For eagle-eyed viewers here that includes the presence of notable Australian cookbooks such as Peter Gilmore’s Quay: Food Inspired by Nature in Carmy’s apartment and on the shelves of his restaurant,over the 17th seed, Canada’s Felix Auger-Aliassime.
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