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.

Continue Reading

Victoria Wyndham on Another World and another life

Thursday, December 13, 2007

Victoria Wyndham was one of the most seasoned and accomplished actresses in daytime soap opera television. She played Rachel Cory, the maven of Another World‘s fictional town, Bay City, from 1972 to 1999 when the show went off the air. Wyndham talks about how she was seen as the anchor of a show, and the political infighting to keep it on the air as NBC wanted to wrest control of the long-running soap from Procter & Gamble. Wyndham fought to keep it on the air, but eventually succumbed to the inevitable. She discusses life on the soap opera, and the seven years she spent wandering “in the woods” of Los Angeles seeking direction, now divorced from a character who had come to define her professional career. Happy, healthy and with a family she is proud of, Wyndham has found life after the death of Another World in painting and animals. Below is David Shankbone’s interview with the soap diva.

Contents

  • 1 Career and motherhood
  • 2 The politics behind the demise of Another World
  • 3 Wyndham’s efforts to save Another World
  • 4 The future of soap operas
  • 5 Wyndham’s career and making it as a creative
  • 6 Television’s lust for youth
  • 7 Her relationship today to the character Rachel Cory
  • 8 Wyndham on a higher power and the creative process
  • 9 After AW: Wyndham lost in California
  • 10 Wyndham discovers painting
  • 11 Wyndham on the state of the world
  • 12 Source
Continue Reading

Viktor Schreckengost dies at 101

Sunday, January 27, 2008

Viktor Schreckengost, the father of industrial design and creator of the Jazz Bowl, an iconic piece of Jazz Age art designed for Eleanor Roosevelt during his association with Cowan Pottery died yesterday. He was 101.

Schreckengost was born on June 26, 1906 in Sebring, Ohio, United States.

Schreckengost’s peers included the far more famous designers Raymond Loewy and Norman Bel Geddes.

In 2000, the Cleveland Museum of Art curated the first ever retrospective of Schreckengost’s work. Stunning in scope, the exhibition included sculpture, pottery, dinnerware, drawings, and paintings.

Continue Reading

What To Consider When Choosing The Right Window Blinds

More On This Topic:

What to Consider When Choosing the Right Window Blinds

by

Allan Michael Taylor

Buying on impulse is a big no-no when it comes to home d cor items like window blinds. Usually, it would take you only a few minutes to decide which dress to buy for a party, but looking for the right blinds for your home is not as simple. Buying the wrong blinds can spell disaster in your home’s overall design or worse, harm your children. Since these window coverings will be a precious investment to you, several factors have to be considered before you go shopping.

Window Size

Size does matter when choosing the right blinds. What’s the use of an elegant and stunning set of blinds if it doesn’t fit your windows? So the key to making the right purchase is to measure your window first before you look for different window blind styles. Determine the length and width of your window frame on the interior. If you have large windows or a sliding glass door, consider buying vertical blinds that can go perfectly with them.

Functionality

[youtube]http://www.youtube.com/watch?v=NuoIGteFC20[/youtube]

What is your purpose for buying blinds for your windows? The kind of blinds you will purchase depends on the functions that are important to you. Do you value privacy? Do you want to block off sunlight from the window? Blinds made of thick materials such as PVC are suitable for these purposes. On the other hand, if you want some sunlight to pass through, then go for sheer blinds or those that are made of light materials. And if you want to be able to open or shut the blinds conveniently from time to time, then choose remote-controlled blinds that can be operated from any spot in a room.

In addition, choose the blinds that are appropriate in the room where you’re going to use them. For example, privacy is more important in the bedroom and bathroom than in the living room and kitchen, so choose the suitable kind of blinds accordingly.

Safety

Got kids in the household? Make sure that the window blinds you’ll buy are safe to use at home. Accident or even death may occur when the cord of the blinds gets tangled on children as they play in the room. Your best choice is a set of cordless blinds or those that can be operated using a remote control.

Color

Aside from being practical, the blinds you choose must also be visually appealing. Selecting the right color can make a difference in your home’s overall design theme. The most important rule in choosing a window blind style is that the color must complement the room where the blind will be installed. If you want to play safe, then go for a neutral color that complement any color or styling scheme of a room.

Cost

Getting the best window blinds need not be costly. In fact, a lot of affordable blinds are offered on the market these days. Working on a tight budget? Then do your research on the prices of various blinds and compare them. That way, you can find the blinds that fit your budget and your home styling preferences.

Jessica Jarit is a decorative type, a designer who loves to write and is a educated home and office designer, who discusses

vertical blinds

, with all of her

window blinds

buyers. Check out her online shop for more info.

Article Source:

ArticleRich.com

Continue Reading

HIV-positive man receives 35 years for spitting on Dallas police officer

Sunday, May 18, 2008

An HIV-positive man was sentenced to 35 years in prison Wednesday, one day after being convicted of harassment of a public servant for spitting into the eye and open mouth of a Dallas, Texas police officer in May 2006. The United States Centers for Disease Control and Prevention says that no one has ever contracted HIV from saliva, and a gay-rights and AIDS advocacy group called the sentence excessive.

A Dallas County jury concluded that Willie Campbell’s act of spitting on policeman Dan Waller in 2006 constituted the use of his saliva as a deadly weapon. The incident occurred while Campbell, 42, was resisting arrest while being taken into custody for public intoxication.

“He turns and spits. He hits me in the eye and mouth. Then he told me he has AIDS. I immediately began looking for something to flush my eyes with,” said Waller to The Dallas Morning News.

Officer Waller responded after a bystander reported seeing an unconscious male lying outside a building. Dallas County prosecutors stated that Campbell attempted to fight paramedics and kicked the police officer who arrested him for public intoxication.

It’s been 25 years since the virus was identified, but there are still lots of fears.

Prosecutors said that Campbell yelled that he was innocent during the trial, and claimed a police officer was lying. Campbell’s lawyer Russell Heinrichs said that because he had a history of convictions including similarly attacking two other police officers, biting inmates, and other offenses, he was indicted under a habitual offender statute. The statute increased his minimum sentence to 25 years in prison. Because the jury ruled that Campbell’s saliva was used as a deadly weapon, he will not be eligible for parole until completing at least half his sentence.

If you look at the facts of this case, it was clear that the defendant intended to cause serious bodily injury.

The organization Lambda Legal (Lambda Legal Defense and Education Fund), which advocates for individuals living with HIV, says that saliva should not be considered a deadly weapon. Bebe Anderson, the HIV projects director at Lambda Legal, spoke with The Dallas Morning News about the sentence. “It’s been 25 years since the virus was identified, but there are still lots of fears,” said Anderson.

The Dallas County prosecutor who handled the trial, Jenni Morse, said that the deadly weapon finding was justified. “No matter how minuscule, there is some risk. That means there is the possibility of causing serious bodily injury or death,” said Morse. Dallas County District Attorney Craig Watkins stated: “If you look at the facts of this case, it was clear that the defendant intended to cause serious bodily injury.”

Contact with saliva, tears, or sweat has never been shown to result in transmission of HIV.

A page at the CDC’s website, HIV and Its Transmission, states: “HIV has been found in saliva and tears in very low quantities from some AIDS patients.” The subsection “Saliva, Tears, and Sweat” concludes that: “Contact with saliva, tears, or sweat has never been shown to result in transmission of HIV.” On Friday the Dallas County Health Department released a statement explaining that HIV is most commonly spread through sexual contact, sharing needles, or transfusion from an infected blood product.

Continue Reading

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.

Continue Reading

UN Secretary-General expresses concern about crises in Chad, Kenya, Sudan

Thursday, February 7, 2008

United Nations Secretary-General Ban Ki-moon has expressed concern about crises in Chad, Kenya, and the Sudan. The U.N. chief is recently back from Africa where he attended the African Union summit in Ethiopia and met with leaders in Kenya.

On rebel efforts to overthrow the government in Chad in recent days, the secretary-general welcomed an African Union initiative to have the leaders of Libya and the Democratic Republic of Congo mediate the crisis. He says the United Nations will do its utmost to help resolve the crisis, urging the Security Council to act swiftly to help bring an end to the violence.

“It has devastating consequences not only for the people of Chad and Darfurian refugees seeking shelter there, but also for Darfur itself,” said Ban.

Mr. Ban told reporters the situation in the neighboring Darfur region of Sudan is no less troubling. He says the deployment of the AU-U.N. peacekeeping force, known as UNAMID, must be sped up and urged member states to properly equip the troops.

“UNAMID still lacks required aviation and ground transportation – chiefly helicopters. Additional troops will not make up for this shortfall,” said Ban. “Those countries that called for intervention in Darfur are under special obligation to deliver on their promises.”

While at the AU summit, Mr. Ban says he discussed some of the outstanding issues affecting the deployment with Sudanese President Omar al-Bashir, and he expects the Status of Forces Agreement (SOFA) to be signed this week. But Mr. Ban remained vague on whether some of the agreement’s sticking points – such as night flights, land agreements, and advance notice of U.N. movements – had been settled.

On Kenya, Mr. Ban says he has been deeply engaged in the post-election crisis and told political leaders during his visit there that they bear particular responsibility for the future of Kenya.

“I stressed to all the Kenyan leaders the need to stop the unacceptable violence and killings, and to resolve their differences through dialogue and democratic process. I also appealed to all the political leaders to think beyond their individual interests or party lines and to look to the future of Kenya as one country,” he said.

Mr. Ban also met in Nairobi with his U.N. predecessor, Kofi Annan, who is leading the panel of eminent Africans trying to mediate the crisis, and said they discussed his roadmap for the talks.

Security of U.N. personnel in Africa and elsewhere has been high on the secretary-general’s agenda, especially in the wake of the December bombing in Algeria that killed 17 staff members. Mr. Ban announced that he is naming diplomat Lakhdar Brahimi to chair an independent panel on safety and security of U.N. personnel and premises. Brahimi is an Algerian, but Mr. Ban says he has no concerns about his fairness or objectivity in heading up the panel.

Continue Reading

Elwood Norris receives 2005 Lemelson-MIT Prize for invention

Tuesday, April 19, 2005

MIT has announced that Elwood “Woody” Norris, inventor of potentially revolutionary technologies of Hypersonic Sound beams and AirScooter flying vehicles, will receive this year’s Lemelson-MIT prize for invention this Friday, April 22. The prize comes with an award of US$500,000, making it the largest single award for invention given in the United States.

Contents

  • 1 Hypersonic Sound beams
  • 2 AirScooter flying vehicles
  • 3 Woody Norris
  • 4 Sources
  • 5 Press Releases
  • 6 External links
Continue Reading

Reflections, Lichtenstein, two new exhibitions at Edinburgh’s Modern One

Saturday, March 14, 2015

This weekend saw the opening of two new exhibitions at Edinburgh’s National Gallery of Modern Art. Wikinews attended Thursday’s press preview for the event where a full contingent of the capital’s press turned out to see the striking collection of paintings, photographs, and other works. Presented below are a selection of images captured at the preview.

REFLECTIONS: A Series of Changing Displays of Contemporary Art, billed as a showcase of a “diverse range of internationally-renowned contemporary and modern artists” is to display major works from the Gallery’s permanent collection, alongside important loans. Alongside this broad range of works, a three-room display of pieces on-loan from the Roy Lichtenstein Foundation — with a dramatic painted steel relief, ‘borrowed’ from the Tate in London — runs from March 14 through to January 10 next year.

Admission to both exhibitions is free; being located in Dean, to the north-west of Edinburgh’s city centre, a free Gallery bus service is available.

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26

Continue Reading

Second Darwin’s sandwich shop opens in Cambridge, Massachusetts, USA

Thursday, June 2, 2005

Darwin’s Ltd. opened a second location of their sandwich shop at 1613 Cambridge Street in Cambridge, Massachusetts, in late May. It is situated across from Cambridge Rindge and Latin School. Previously limited to one location at 148 Mount Auburn Street, the second store seats approximately 30 people and sells sandwiches, coffee drinks, locally made pastries, as well as some produce and snack foods. The establishment also provides free wireless access through the WanderingWifi service. The shop plays music during the day; during this reporter’s visit to the shop, selections played ranged from David Bowie to The Strokes. The store is air-conditioned.

Key differences between the original store and the new one include the unification of the cafe and the sandwich line now behind one counter, handicap accessible restrooms, no beer or wine sold at location, and a lack of a loyal customer base. Although the recent months have been slow, business is expected to pick up with the return of Cambridge area students this autumn.

While the original location of Darwin’s was recently cited for lacking sneeze guards before the kitchen counter, according to the Cambridge Chronicle, the new Darwin’s has acrylic sheets along the front of their sandwich counter. The original Darwin’s has installed the sneeze guard at the kitchen counter the day following citation.

This article features first-hand journalism by Wikinews members. See the collaboration page for more details.
This article features first-hand journalism by Wikinews members. See the collaboration page for more details.
Continue Reading