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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Brazilian Medicine Council against Cuban privileges

Monday, February 14, 2005

The Brazilian Regional Council of Medicine has protested against a Ministry of Education decision to accept the diplomas of Cuban medical school graduates without subjecting them to a more rigorous evaluation process.

Under the Brazilian 44045 Edict of July 19, 1958, all students of Medicine, Brazilian or non-Brazilian, who studied in a foreign institution must undergo a strict evaluation before their professional registration is granted. The law aims to ensure that the physicians who graduated at foreign universities are properly prepared for and familiarized with the particular medical conditions of Brazil. Some diseases like malaria and dengue for example are very rare in some countries but are more common in Brazilian territory.

However the Brazilian Ministry of Education (MEC) has come to an agreement with the Cuban government to allow medical students who studied in Cuba to go through a less rigorous examination. Furthermore the MEC wants to exempt the students from the Cuban Escola Latino Americana de Medicina (Latin American Medicine School) or ELAM located in Havana from the examination. Under the agreement, the diplomas of ELAM students would be automatically recognized as valid in Brazil. The Brazilian President Luiz Inácio Lula da Silva signed the endorsement of this agreement last year during his visit to Cuba.

The Brazilian Regional Council of Medicine from São Paulo is opposed to the idea of accepting the Cuban diplomas and is to dispute the deal in Court. The council says the government decision is unfair and disadvantages Brazilian students. It also says that the decision puts the Brazilian community at risk because of differences between Cuban and Brazilian medical education. Cuban physicians are prepared for Cuban conditions and necessities in health which differ from Brazilian ones. Additionally the council argues that the decision is against the law because the Brazilian 44045 Edict demands that all medical students from foreign schools have to pass a careful examination.

The Cuban First Secretary of Technical and Scientific Collaboration in Health, Filisberto Perez, recognizes that both Brazil and Cuba have different models of apprenticeship in medicine. However he believes that Cuba and Brazil can recognize each other’s diplomas without difficulty.

Early this year, a team of Brazilian inspectors visited the leading medical schools in Cuba to evaluate them so the degrees can be formalized.

The MEC’s decision has angered some Brazilian students. “Why would I study for two years so I could get admitted to a Brazilian school if it would be easier to “buy” my diploma in Cuba?” asks Artur Oliveira Mendes in a email sent to a academic organization. He added: “…our schools of medicine are demoralized before the president’s declaration.”

The Brazilian students who are in Cuba were selected by the PT, PCdoB, and MST.

Senator José Agripino Maia (PFL) asked the Minister of Education Tarso Genro to explain before the Senate Education Commission why the students from Cuba are being favoured by the Brazilian government.

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Iranian International Master Dorsa Derakhshani discusses her chess career with Wikinews

Tuesday, April 14, 2020

In February 2017, the Iranian Chess Federation announced two teenage chess players, Dorsa Derakhshani and her younger brother Borna Derakhshani, were banned from representing the national team. The federation announced their decision although Dorsa Derakhshani had previously decided and informed the chess federation she did not wish to play for Iran.

Dorsa Derakhshani is currently 21 years old and holds the International Master (IM) as well as Woman Grand Master (WGM) titles. Her brother, Borna, plays for the English Federation and holds the FIDE Master title.

Dorsa Derakhshani was banned since she did not wear a hijab, an Islamic headscarf, while competing at the Tradewise Gibraltar Chess Festival in January 2017. Under the laws of Islamic Republic of Iran, hijab is a mandatory dress code. Her brother Borna Deraskhsani was banned for playing against Israeli Grand Master (GM) Alexander Huzman at the same tournament. Iran does not recognise the existence of Israel, and previously, Irani athletes have avoided playing against Israeli athletes.

Mehrdad Pahlavanzadeh, the president of the country’s chess federation, explained the decision to ban the players saying, “As a first step, these two will be denied entry to all tournaments taking place in Iran and in the name of Iran, they will no longer be allowed the opportunity to be present on the national team.” ((fa))Farsi language: ?????? ????? ?? ??? ??? ?? ??? ????? ?? ?? ???? ???????? ?? ?? ????? ? ?? ??? ????? ?????? ??????? ????? ??????? ? ???? ???? ???? ?? ??? ??? ?? ??????? ????. He further stated, “Unfortunately, something that should not have happened has happened and our national interest is paramount and we have reported this position to the Ministry of Sports.” ((fa))Farsi language: ????????? ?????? ?? ????? ????????? ?????? ??? ? ????? ??? ?? ?? ?? ???? ?????? ???? ? ?? ??? ???? ?? ?? ????? ???? ?? ????? ?????.

IM Dorsa Derakhshani, who currently studies at Saint Louis University in the United States and plays for the United States Chess Federation, discussed her chess career, time in Iran and the 2017 controversy, and her life in Saint Louis with a Wikinews correspondent.

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UK hostage Peter Moore released in Iraq

Wednesday, December 30, 2009

Peter Moore, a British IT consultant and computer programmer who was taken hostage by Iraqi militants during a May 2007 militant raid on the finance ministry in Baghdad, has been released alive and in good health.

He is the only known survivor of a group of five hostages, consisting of himself, three bodyguards, and Alan McMenemy, a security guard from Glasgow. The bodyguards (Alec Maclachlan, Jason Swindlehurst, and Jason Creswell) were later shot and killed, and their bodies have been returned to Britain. McMenemy is believed to have met the same fate. The last time Moore was known to be alive was when a DVD showing him was handed to Iraqi authorities earlier this year.

The five men were captured by a group of approximately forty men disguised as Iraqi policemen in May 2007, who are believed to belong to the Islamic Shia Resistance, an obscure militant organisation also known as the Righteous League. Moore is now in the British Embassy in Baghdad, and is to be reunited with his family as soon as possible, according to Milliband.

United Kingdom foreign secretary David Milliband said that he was “absolutely delighted at his release” after two and a half years of “misery, fear and uncertainty”. He claimed to be in a “remarkable frame of mind” after a “very moving” conversation with Moore. He also asked for the release of McMenemy’s body. He said that no “substantive concessions” had been made by the British government, instead praising Iraqi Prime Minister Nouri al-Maliki for his government’s process of reconciliation.

remember the families of British hostages who have been killed in Iraq and elsewhere

British Prime Minister Gordon Brown issued a statement in which he said he was “hugely relieved by the wonderful news that Peter has been freed”, calling for the British people to “remember the families of British hostages who have been killed in Iraq and elsewhere.” He continued with a pledge that the government would “continue to do everything [it] can to bring British hostages back to their loved ones, including the remaining hostage of the group in Iraq, Alan McMenemy”. He said, “I demand that the hostage takers return him to us.”

Moore’s father, Graeme, said he was “over the moon” about his son’s release, saying, “We are so relieved and we just want to get him home, back now to his family and friends. I’m breaking down, I’m just so overjoyed for the lad. It’s been such a long haul. I know that there have been one or two people working in the background to get Peter released. Peter is a very resilient lad and he always has been because of his background.” He said the British Foreign Office had been “obstructive” with regards to his son’s release.

Retrieved from “https://en.wikinews.org/w/index.php?title=UK_hostage_Peter_Moore_released_in_Iraq&oldid=4091613”
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Assess And Make A Price Comparison Of Builders In Your Area

Building homes have evolved with time. It accommodates the various needs of people whether it is size, comfort, style, luxury and defense. Using the right budget and planning, this is when home builders enter the picture. Its amazing how they come in many different forms that will help you with every details of building you home. They’ll guide you from the initial construction, the electricity, plumbing, and achieving into the details of putting all the necessary accessories to create your new home. There will be one of the many builders out there that may help you with your building and construction needsNevertheless, you will find things that you must consider first. Like ideally, you need to choose builders as early as you are able to. We know that deciding on the best site already is tough enough. Thus, its only understandable to be successful of the project. Just how much can you afford when it comes to budget? Look into and think about your financial status and discover the amount of money you have put aside for the construction of your new house. See if it is possible to save you money but still having your house the way you dreamed so that it is. Choose wisely on home plans and discover what is essential or what’s really needed. Be thorough one very aspect of the plan because you will see some area for savings. Fit the bill when you have to and dont hesitate to discontinue certain parts of the plan once they dont go well with the design or construction. If you hire builders, make sure that they are efficient, reliable and honest.Meanwhile, whenever you plan to build a new home, whether it is resale or completely new, keep some of these tips in your mind. Most prices of resale home are the same with the value of another similar homes which was sold in the same area. They’re based on the actual price on the market. You will know if one house is expensive than the other appraised homes in the same position. With new homes, you may expect that they are pricier than resale homes because, well, they are brand new. Builders dont need to justify the cost because they know that somehow, someone will buy their properties. You need to be aware of these kinds of builders. And also note that it might be impractical to buy many of these houses because you can surely find a similar house concentrating on the same style or model however with a lesser cost.As much as possible, browse the contracts and warranties meticulously to make sure that it just benefit their company. If you would like, you can hire a third party to assess your project, determine whether you are getting the best deal and find out a builder that you could trust. Your home will quickly be your refuge. Every decision that you’ll make from now on in relation to choosing builders will greatly impact the end result in the future.

Augusten Burroughs on addiction, writing, his family and his new book

Friday, October 12, 2007

I had an unofficial phone call from Gay Talese last Tuesday. He had just flown back from Colombia and he was cranky. “I’m happy to do an interview with you,” he said, “but what the hell could you ask me that’s not already out there? Have you even bothered to look?!”

“Jeez, Mr. Talese, lots of things,” was my response. I lied. The truth is that when I call people to interview them, I do not have a set of preconceived questions. My agenda is to talk to them and gain a sense of who they are; to flesh them out as humans. To find out what they think about the world around them at that moment. With Gay Talese I had little interest in talking about Frank Sinatra Has a Cold and with Augusten Burroughs I had little interest in discussing Running with Scissors. I want to know what they think about things outside of the boxes people have placed them in.

With a memoirist like Burroughs, even this is a challenge. What parts of his life he has not written about himself, other interviewers have strip-mined. When we met for dinner at Lavagna in the East Village, I explained to Augusten this issue. I suggested we make the interview more of a conversation to see if that would be more interesting. “Instead of you in the catbird seat,” I said, “let’s just talk.”

We struck an instant rapport. What set out to be an hour and half interview over dinner had turned into four hours of discussion about our lives similarly lived. I removed half of the interview: the half that focused on me.

Below is Wikinews reporter David Shankbone’s conversation with writer Augusten Burroughs.


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Sam Brownback on running for President, gay rights, the Middle East and religion

This article mentions the Wikimedia Foundation, one of its projects, or people related to it. Wikinews is a project of the Wikimedia Foundation.

Monday, October 15, 2007

Sam Brownback is perplexed. The U.S. Senator from Kansas and Presidential candidate is a Republican whose politics—he is against marriage for gay people, he is against abortion, and he has a clean image in a party tainted by scandal—should speak favorably to the party’s base. But it has not. “I’m baffled by that myself,” Senator Brownback told Wikinews reporter David Shankbone. “We haven’t been able to raise money.”

A recent poll in Iowa has put him in eighth place, with 2% supporting his campaign. “If we don’t finish fourth or better in Iowa…we’ll pull out.”

Senator Brownback’s relationship with God infuses almost every answer you find below. Although he doesn’t feel “competent” to explain why God would dislike gays, he does feel strongly that allowing two men or two women to enter into the union of marriage will destroy it for heterosexuals. Pointing to the research of Stanley Kurtz at the Hoover Institution, Brownback asserts that Northern Europeans have “taken the sacredness out of the institution.”

In the interview, Senator Brownback discusses the tug-and-pull that befalls him when his constituents show up at his office and say, “Look, I’m a conservative, but we need this bridge, we need this subsidy, we need this hospital.” Brownback feels this spending system needs to be changed; however, when it comes to energy policy, Brownback is there for his constituents. David Shankbone asked the Kansas Senator, a supporter of cellulosic ethanol, why he doesn’t support the lowering of tariffs on sugar since sugar ethanol delivers 8 times the energy output of cellulosic ethanol. Brazil, in particular, has become energy independent because of its sugar ethanol program. It’s cheaper to produce, and there is vastly more bang for the buck in sugar fuel than in corn fuel; an entire country no longer needs to import oil because of it. Federal tariffs currently make sugar ethanol too expensive in the United States. “You’re going to kill the ethanol industry here just as it gets going,” was Senator Brownback’s response. However, there is a debate over whether the process to make corn ethanol uses more energy than the ethanol itself produces.

Below is David Shankbone’s interview with Senator Sam Brownback.


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6 Backyard Bbq And Beer Pairings

Want to throw outdoor barbecue parties in your backyard? These beers pair up best with grilled foods like steak, chicken, lamb and much more. Explore the bbq beer pairings and enhance your enjoyment for your next outdoor BBQ party.

  • Chicken

As compared to the other meats, chicken do have a mild flavor. Pairing it with assertive beer will overpower it. Amber brown lager or rauchbier goes best with grilled chicken.

If grilled chicken is loaded with spices, lemon and herbs – blonde bire de garde is the best beer with heavy maltiness.

For much spicer cooking’s, pair it with little malt sweetness. Helles Lager is good option offers a grainy, honey like malt flavor and cools off all the heat.

  • Seafood

Pairing grilled seafood with chilled beer is a great idea considering pilsner and lager beer are the best options having lower IBU.

[youtube]http://www.youtube.com/watch?v=CqGVzpD7ntc[/youtube]

A pilsner balances sweet seafood and oiliness on your palate. Pick up a pale ale while grilling salmon. The malt of pale ale stands high to the texture and cuts all the salmon’s fat content.

  • Veggies

While barbecuing, if you pick up some veggies – red peppers or corn. Grilled veggies might not have aggressive flavors as meat.

While you fire up grill for veggies it has some earthy taste; so hefty beer can complement them

Explore brown porter which complements sweet flavor of veggies and offset the char taste of grill. Avoid stouts which brings bitter aftertaste from veggies.

  • Steak

A perfect grilled steak seasoned with pepper and salt. Finding a beer to match it’s characteristics – Porter or Stout with 5-7% ABV range is a good match. Steak is full of umami and fat with goes ideal with roasty bitterness in dark malt beer.

Light brown ale gives a matching flavor to lean grilled steak.

  • Pork

Match your grilled pork with wide variety of beer.

If sticking to less saucy pork; go for Hefeweizens something sweet and will not overpower delicate flavor.

While churning Smokey molasses on grill, Serve your guest with a sweet and dry stout.

  • Lamb

We don’t need to tell you strong ale or porter will be best for lamb’s rich flavor. Light beers may overwhelm the intense flavor.

Impress your friends with these great barbecue beer pairings. Centaurus International – Beer Store in Dubai is an ideal place to buy beer online, providing a vast selection of iconic beer brands at best price

James Brown dies of pneumonia

Monday, December 25, 2006

James Brown, often referred to as the Godfather of Soul, died in Atlanta due to congestive heart failure, combined with pneumonia. His death at age 73 was announced by his agent. After his dentist noticed something unusual with him, Brown was told to visit a doctor immediately. He was taken into the hospital yesterday for treatment of his pneumonia until his death at around 1:45 AM (6:45 AM GMT). It is not known whether he received a pneumonia vaccination, as recommended for people of his age.

He was born in 1933 and grew up in poverty until he formed James Brown & The Famous Flames. His influence on 20th century music, from funk to hip hop was profound.

Before he died, he scheduled a New Year’s Eve concert series in New Jersey and New York that would help kick off a 2007 tour.

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Wikinews Shorts: July 9, 2007

A compilation of brief news reports for Monday, July 9, 2007.

On July 9, 2007, Sony Computer Entertainment America announced the release of an 80GB hard drive version of its PlayStation 3 video game console, priced at US$599.

Sony also announced a price drop to US$499 for its current 60GB model. Jack Tretton, Sony Entertainment America chief executive, said, “Our initial expectation is that sales should double at a minimum.”

Sources

  • “Sony cuts Playstation price in US” — BBC News Online, July 9, 2007
  • Scea. “Sony Computer Entertainment America Introduces New 80GB PLAYSTATION(R)3” — prnewswire, July 9, 2007

Nigerian gunmen have released three-year-old Margaret Hill, after holding her captive for four days. The toddler has since been reunited with her parents. She is reportedly in good health but covered with mosquito bites and also hungry, having not eaten recently.

The kidnappers had threatened to kill the toddler unless a ransom was paid or Mr. Hill came to take her place. The family claims no ransom was paid for her freedom. She was kidnapped from her car on July 5, on her way to school. Her driver was stabbed trying to protect Margaret.

Sources

  • “Nigeria kidnappers free UK girl” — BBC News Online, July 8, 2007
  • “Nigerian captors release British girl” — CNN, July 8, 2007

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