Mind Uncharted Explore. Discover. Learn.
A Glitch at Equifax Causes ‘Poor’ Credit Rating for Customer
Velimir Drecun recently discovered that a glitch at Equifax, a credit-reporting company, had resulted in a duplicated credit card on his credit report, leading to a ‘poor’ credit rating. Drecun only became aware of the issue when a landlord requested an Equifax credit check as part of his rental application. He is now warning other Meridian Credit Union customers to check their Equifax credit scores for errors. Drecun’s score on Equifax was 526, which was 150 points lower than his score on another credit bureau, TransUnion. After Drecun and CBC reached out to Equifax, his score was amended, but not in time for him to complete his rental application. Equifax Canada has acknowledged the issue and stated that a technology change caused the duplication of credit cards on some Meridian customers’ credit reports. The company is working to resolve the problem by September.
Report Highlights Decrease in Surgeries during Early Years of Pandemic
A new report from the Canadian Institute for Health Information (CIHI) revealed a significant drop in surgeries in Canada during the first 2½ years of the pandemic. Approximately 743,000 fewer surgeries were performed, representing a 13% decrease compared to 2019. The province experiencing the largest decrease in surgeries was Newfoundland and Labrador. The report also highlighted overtime hours in public hospitals increasing by 15% from 2020 to 2021, indicating the pressure COVID-19 put on healthcare workers. Other healthcare issues mentioned in the report include staff shortages, burnout, limited access to personal health information, and a significant percentage of Canadians without a regular healthcare provider.
Inditex’s Sustainable Goals Faces Challenges in Fast Fashion Industry
Zara’s parent company, Inditex, recently announced an ambitious plan to cut its emissions in half by 2030 and achieve net zero emissions by 2040. The company also plans to transition to using more durable and recyclable materials. While these goals signal a move towards a more sustainable business model in the fast fashion industry, experts express concerns about the feasibility of achieving these targets. The fashion industry is known for its low-cost, low-quality, and high-volume production, making it difficult to reduce emissions and implement circular business practices. Despite Inditex’s plan to use more sustainable materials, the company shows no signs of slowing down production, raising questions about the realistic nature of their goals.
Other News
- Australia reached a deal with Facebook to keep news on the platform, contrasting with the temporary ban on news in the country earlier this year.
- Some Canadian companies have adopted a 4-day work week, which has resulted in a drop in personal and sick days taken by employees and no effect on revenue.
- Spotify is increasing its prices by up to $2 due to the company gaining customers but still experiencing financial losses.
Marketplace Requests
Marketplace is seeking experiences from new drivers regarding their driving lessons. They are also interested in hearing about the impact of online gambling on individuals and their loved ones.
