Commonwealth Bank of Australia CEO apologies for financial planning scandal

Commonwealth Bank of Australia CEO apologies for financial planning scandal

Commonwealth Bank of Australia CEO apologies for financial planning scandal

Thursday, July 3, 2014

Ian Narev, the CEO of the Commonwealth Bank of Australia, this morning “unreservedly” apologised to clients who lost money in a scandal involving the bank’s financial planning services arm.

Last week, a Senate enquiry found financial advisers from the Commonwealth Bank had made high-risk investments of clients’ money without the clients’ permission, resulting in hundreds of millions of dollars lost. The Senate enquiry called for a Royal Commission into the bank, and the Australian Securities and Investments Commission (ASIC).

Mr Narev stated the bank’s performance in providing financial advice was “unacceptable”, and the bank was launching a scheme to compensate clients who lost money due to the planners’ actions.

In a statement Mr Narev said, “Poor advice provided by some of our advisers between 2003 and 2012 caused financial loss and distress and I am truly sorry for that. […] There have been changes in management, structure and culture. We have also invested in new systems, implemented new processes, enhanced adviser supervision and improved training.”

An investigation by Fairfax Media instigated the Senate inquiry into the Commonwealth Bank’s financial planning division and ASIC.

Whistleblower Jeff Morris, who reported the misconduct of the bank to ASIC six years ago, said in an article for The Sydney Morning Herald that neither the bank nor ASIC should be in control of the compensation program.

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Qantas says A380 aircraft are safe to fly after ‘serious’ incident

Saturday, November 27, 2010

Australian airline Qantas has returned the first of its fleet of Airbus A380s to service, after all six of the “superjumbo” aircraft were grounded three weeks ago following one aircraft’s engine sustaining extensive midair damage; it landed safely in Singapore without injury. The airline stated that all of the aircraft have undergone extensive safety inspections and they are satisfied they are safe.

[It was] certainly the most serious incident that the A380 has experienced since it entered operations.

Alan Joyce, CEO of Qantas, said: “It’s great that we can reintroduce the aircraft. We are 100 percent comfortable with it. If we weren’t, we wouldn’t be restarting the operations today.” A spokesperson confirmed that tests had been performed “in close consultation with Rolls-Royce and Airbus” on the model’s Trent 900 engines. Qantas has replaced at least 14 engines, and modifications have been made to Trent 900s used by two other companies, Lufthansa and Singapore Airlines.

Experts said that the incident was embarrassing for Airbus; the airline’s shares have dropped by 7% since. Aviation journalist Tom Ballantyne said that the failure earlier this month was “certainly the most serious incident that the A380 has experienced since it entered operations.” The A380 made its first commercial flight in 2007, and is now in service with several other airlines, including Air France. It is the largest commercial passenger airliner in the world, with an 840-passenger maximum capacity, though Qantas’s can carry 450. There are reportedly plans to build a cargo version of the plane, which, aviation experts have suggested, would be the world’s first “triple-decker” freight aircraft; Airbus has not confirmed that this variant will be built.

Bob Dylan plays first concert in Vietnam

Wednesday, April 13, 2011

Bob Dylan, the U.S. musical artist and songwriter, performed his first concert ever in Vietnam on Sunday night, forty years after his 1960s protest songs, now iconic, gave voice to America’s anti-Vietnam War movement.

The concert came days after he played two shows in China, where he performed in Beijing and Shanghai as part of his Asia-Pacific tour. On Sunday, he played in Ho Chi Minh City (formerly Saigon), on a date 50 years after his first major performance.

Dylan played outdoors on a warm evening on the grassy grounds of RMIT University. The audience was a mixture of young and old; both foreigners and Vietnamese were present. He played in a Vietnam now at peace where half the population is under 30, too young to have memories of the war.

Dressed in a purple shirt, black jacket and wearing a white hat, he was welcomed with loud applause by an enthusiastic audience. His 17-song set list included a selection of his 1960s and 1970s hits such as “All Along the Watchtower”, “A Hard Rain’s a-Gonna Fall”, “It Ain’t Me Babe”, “Tangled Up in Blue”, and “Highway 61 Revisited” along with more recent songs.

Bob Dylan’s music opened up a path where music was used as a weapon to oppose the war in Vietnam and fight injustice and racism. That was the big thing that he has done for music.

Tran Long An, vice president of the Vietnam Composers’ Association noted that the significance of Dylan’s Ho Chi Minh City performance was recognized by his Vietnamese fans. “Bob Dylan’s music opened up a path where music was used as a weapon to oppose the war in Vietnam and fight injustice and racism,” he said. “That was the big thing that he has done for music.”

Vietnam’s communist government allows few western acts to perform. Human rights groups criticized Dylan for submitting his play list for approval by the Vietnamese government authorities, although his promoter said no restrictions were imposed.

Suspects in slaying of pregnant North Dakota woman enter not guilty pleas

Sunday, October 1, 2017

Both suspects in the death of Savanna Greywind have entered not guilty pleas in court in Fargo, North Dakota, United States. On Tuesday, William Hoehn, acting through his lawyer, pled not guilty to counts of conspiracy to commit murder, kidnapping, and giving false information to the police. On Thursday, his girlfriend Brooke Crews did the same, procedurally. Hoehn’s next hearing is scheduled for December and Crews’ for January.

“At this point, Ms. Crews chose on my advice not to specifically enter a plea. The judge entered a not guilty plea, procedurally to move the case forward,” Crews’ lawyer, Steven Mottinger, told the press.

Savanna Greywind, 22, whose body was found wrapped in plastic by kayakers in the Red River on August 27, was eight months pregnant when her relatives called the police to report her missing. According to court documents, the police first responded to a call at 2825 9th St. N. #2 in Fargo on August 19, and spoke to the man and woman who lived at #5, Brooke Crews and William Hoehn, but did not execute a search warrant until August 24, at which time they found Brooke with a baby girl. Hoehn would later tell police he had discovered Crews in their bathroom wiping up blood, and she showed him the infant and told him, “This is our baby. This is our family.” Crews would tell the police Greywind had given her the baby. Both told police the girl is Greywind’s daughter, and a DNA test was performed to confirm the child’s identity.

Greywind worked as a nursing assistant at the Eventide Fargo senior center in West Fargo, the Minneapolis Star Tribune reported. According to her boyfriend, Ashton Matheny, they had planned to name their daughter Haisley Jo, and had recently leased an apartment where they planned to live with their child. Now, Matheny says, he plans to move to the Spirit Lake Reservation northwest of Fargo to raise his daughter near family. He and Greywind both belong to the Spirit Lake Tribe. Ashton and Greywind’s parents were permitted to visit the child in the hospital pending confirmation of her identity, and Matheny has since been awarded full custody.

Matheny, in remarks to the Minneapolis Star Tribune, said “I’ve been waiting to be a father for a while[…] She’s the only good thing that came out of this. She looks like Savanna.”

Earlier in September, tribal leaders sent an open letter to North Dakota’s US congressional delegation with several demands regarding Greywind’s case and the violence faced by Native Americans nationwide. Among other things, they asked that the United States Department of Justice establish a cross-jurisdictional task force to establish a clear system for investigating the deaths and disappearances of Native American women.

The tribal leaders’ letter reads in part: “During the gatherings and prayers for Savanna, we heard story after story from families who also have women in their families missing or with unsolved murders[…] The murder of Savanna illustrates a much larger problem of epic proportions.”

Four coalition soldiers die in Kandahar helicopter crash

Tuesday, June 22, 2010

File:Australian SF Afghanistan Oct 2009.jpg

Less than two weeks after two Australian soldiers (Diggers) died in the explosion of a roadside bomb, three more Diggers and a US soldier were killed early yesterday morning in a helicopter crash in southern Afghanistan, while seven other soldiers are being treated for injuries.

Australian Defence Force Chief Angus Houston said in a statement this afternoon that two of the crash survivors are in a serious condition and will be moved with the other survivors to the US military hospital in Begram.

The crash occurred at 03:39 yesterday local time (23:09 on Sunday, UTC) in the north of Kandahar province. Although the cause is still unknown, Houston said “the terrain is rugged, the helicopters are often heavily loaded, it’s at high altitude and it was three o’clock in the morning. All of these factors will no doubt be considered”. Houston confirmed that enemy fire was not to blame for the crash.

These new casualties in the Afghan War brings Australia’s death toll to sixteen, while that of the US comes to 1128 since the war began in 2001.

Despite this, Prime Minister Kevin Rudd, remains firm on the issue: “We work beside our allies […] to avoid Afghanistan once again becoming a breeding ground for terrorists who can then strike at innocent Australians both at home and abroad” and continued by saying that all Australians owe the soldiers a debt of gratitude for making the ultimate sacrifice in the line of duty.

Although the names of the soldiers have yet to be released, the tragedy follows last week’s casualties where Australian combat engineers Darren Smith, age 26, and Jacob Moerland, age 21, were killed along side their bomb sniffer dog, Herbie in a roadside blast.

Ayurvedic Oil To Stop Hair Fall And Prevent Dandruff Naturally

Ayurvedic Oil To Stop Hair Fall And Prevent Dandruff Naturally by Sidharth ChabraHair fall is very common but excessive loss of tresses in a single day is a big problem. Although baldness is more common in men but excessive loss of hairs can cause blank spaces in scalp which further reduces volume of hairs. It is also seen that people who live in metro cities have more hair problems than those who live in less polluted area. Dandruff is also one of the reasons due to which one faces hair fall problem. Heat, sweating and not washing hairs often can make them weak and cause them to break either from roots or from the middle. This makes tresses to break from different points and thus it looks like hairs are messed up. This is neither good for men nor for women because at present time looking good is also important. Excessive flaking or shedding skin cells from scalp is called dandruff and many times it causes embarrassment. Chronic dandruff can also result in acne on face and loss of eye lashes therefore it is necessary to get rid of dandruff as soon as possible. Dandruff is harmless and does not cause pain until one scratches scalp due to itching. In this condition, rashes, cuts or bruises are common if one brushes hair roughly to get rid of itching. Also many people think that scratching scalp will shed all the white fakes and this will reduce dandruff. But this is wrong practice as formation of white dead cells becomes very fast that time and until the rate of formation is not decreased dandruff cannot be prevented.Using ayurvedic oil to stop hair fall like Hylix oil gives effective and long lasting results to the user. Both men and women can get numerous benefits when they use this oil on a daily basis.A person using Hylix oil gets the following benefits:1. This oil strengthens roots of hairs and thus stops excessive hair fall within few weeks. 2. Its ingredients get easily absorbed by the scalp and therefore this oil nourishes the deepest layer from where tresses begin to grow.3. Removes dead cells from scalp and opens pores at bald spots to re-grow hairs.4. This oil provides nutrients to scalp and hair follicles that one is not able to get from diet.5. This ayurvedic oil to stop hair fall also helps in growth of healthy keratin due to which hairs become shiny, black and strong. 6. Moisturization provided by this oil keeps hairs soft and silky and also keeps them detangled.7. This oil works for all kinds of scalp (oily, dry and normal) and can prevent dandruff naturally.Hylix oil contains Bhringraj, Amla, Henna or Mehndi, Shikakai, Kalonji and Neem. Many people use these herbs individually or a mixture of all the herbs at home to improve hair and scalp health but due to improper ratio they do not get the desired results. Hylix oil is made using newest techniques where these herbs are mixed in a fixed and unique ratio that provides maximum benefits to the scalp and tresses. This makes this oil highly beneficial. Regular use of this ayurvedic oil to stop hair fall gives visible positive results in a period of 3 to 4 months. Massage scalp with Hylix oil in night before you wash hairs in morning. Start eating healthy diet to improve hair and scalp health and prevent dandruff naturally.Read about Ayurvedic Hair Oil. Also know Herbal Dandruff Control Oil. Read about Herbal Oil To Prevent Dandruff.Article Source: eArticlesOnline.com

Neola North wildfire in Utah blamed for three deaths

Monday, July 2, 2007

A wildfire in the Ashley National Forest has been blamed for three deaths and has led to the evacuation of about 500 residents of the communities of Whiterocks, Farm Creek, Paradise and Tridell in eastern Utah.

The fire broke out on Friday, June 29 at around 9:00 a.m. local time in Duschene county, north of Neola by state route 121, and proceeded to spread westward into Uintah county.

To date, the cause of the wildfire is unknown. An early report by public safety officials claimed it was caused by a faulty power line or transformer. However, a later announcement by Moon Lake Electric Association CEO Grant Earl disputed this.

By Saturday morning, the fire had spread across approximately 46 square miles of land and been blamed for three fatalities: George Houston, his son Tracy Houston, and Roger Roberson, all from Farm Creek. Eleven year old Duane Houston, George’s grandson, was able to escape the fire with only minor injuries.

The communities of Whiterocks, Farm Creek, Paradise and Tridell, consisting of approximately 500 local residents, were evacuated by Sunday, and at least five homes are known to have been destroyed. Those without family or friends to provide lodging have been relocated to the Ute Indian Tribe’s auditorium in Fort Duchesne and Union High School in Roosevelt.

The Federal Emergency Management Agency became involved in the management of fire fighting efforts on Sunday, and a specialized regional wildland fire team, the Rocky Mountain Type One Management Team, had begun to converge on the Uinta Basin to assist with the firefighting, along with about 100 members of the Utah National Guard.

Reports that same day claimed the fire was 5% contained, but that it had split into at least two separate smaller fires. Authorities declared their intention to prevent the fire from moving eastwards into Dry Fork Canyon and the town of Tridell.

Italian footballer Andrea Pirlo announces retirement

Thursday, November 9, 2017

On Monday, Italian midfielder Andrea Pirlo formally announced his retirement from football. A 2006 FIFA World Cup winner with Italy, Pirlo had announced his intentions to end the 22-year-career last month, and his final professional game ended in a 2–0 win for New York City FC (NYCFC) against Columbus Crew in Major League Soccer play-offs at Yankee Stadium.

“As my time in NYC FC comes to an end, I want to thank everybody for the kindness and support they have shown me in this incredible city”, 38-year-old Pirlo wrote on Twitter. Last month, the Italian told La Gazzetta dello Sport “You realise yourself that the time has come. Each day, you have physical problems and you can’t train as you would like to. At my age, it’s fine to say enough is enough.” ((it))Italian language: ?Ti rendi conto da solo che è arrivato il momento. Ogni giorno hai problemi fisici, non riesci più ad allenarti come vorresti perché hai sempre qualche acciacco. Alla mia età ci sta di dire basta.

Pirlo spent 20 years playing in Italy, making his professional debut for Brescia Calcio before moving to Internazionale in 1998. Three years later, in 2001, he made a switch to Inter’s local rivals, AC Milan. Pirlo spent a decade with Milan, and won two Serie A titles, and two UEFA Champions League titles — in 2003 and in 2007, just a year after Pirlo won the World Cup in Germany with Azzurri defeating France.

His contract with Milan expired in 2011, and then 32-year-old Pirlo moved to Turin and joined Juventus. He won four consecutive Serie A titles with the Old Lady. He was close to winning a third UEFA Champions League gold medal in 2015, but Juventus lost 3–1 against FC Barcelona in the final.

Having won six Italian league titles, two Champions League and Coppa Italia as well as a World Cup with the national team, Pirlo moved to Yankee Stadium in July 2015. Pirlo was substituted in during the 90th minute in his last match for NYCFC, losing 4–3 on aggregate in the MLS play-offs. NYCFC’s manager Patrick Vieira said, “He [Pirlo] had a fantastic career, not just on the field but off it because he’s a true gentleman. He’s a really good guy.”

Wikinews interviews Joe Schriner, Independent U.S. presidential candidate

Saturday, April 17, 2010

Journalist, counselor, painter, and US 2012 Presidential candidate Joe Schriner of Cleveland, Ohio took some time to discuss his campaign with Wikinews in an interview.

Schriner previously ran for president in 2000, 2004, and 2008, but failed to gain much traction in the races. He announced his candidacy for the 2012 race immediately following the 2008 election. Schriner refers to himself as the “Average Joe” candidate, and advocates a pro-life and pro-environmentalist platform. He has been the subject of numerous newspaper articles, and has published public policy papers exploring solutions to American issues.

Wikinews reporter William Saturn? talks with Schriner and discusses his campaign.