The world-famous Glastonbury music festival gets underway

From the BBC World Service: The Glastonbury Festival, in the South West of England, has opened. As one of the world’s biggest music festivals, it generates approximately $150 million for local businesses and charities and is famous for its huge headliners; this year the top slot goes to Sir Elton John in one of his last ever concerts. A mortgage time bomb could be about to go off in the UK as interest rates continue to climb and borrowers struggle with repayments.