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Commonwealth Bank of Australia CEO apologies for financial planning scandal

Category : Uncategorized

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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Lakota activists declare secession from US

Category : Uncategorized

Friday, December 21, 2007

We are no longer citizens of the United States of America and all those who live in the five-state area that encompasses our country are free to join us.

A delegation claiming to represent the Lakota Indian Tribe, an Indian nation within United States borders, have signed a document stating that the tribe withdraws and or cancels all treaties with the U.S. and formally establishes independence from the country. The letter was hand delivered by activists for the tribe to Deputy to the Public Liaison at the State Department, Daniel Turner.

“We are no longer citizens of the United States of America and all those who live in the five-state area that encompasses our country are free to join us. This is according to the laws of the United States, specifically article six of the constitution. It is also within the laws on treaties passed at the Vienna Convention and put into effect by the US and the rest of the international community in 1980. We are legally within our rights to be free and independent,” said Russell Means, an activist for Native American rights to reporters at a press conference on Wednesday in Washington, D.C..

“Today is a historic day and our forefathers speak through us. Our Forefathers made the treaties in good faith with the sacred Canupa and with the knowledge of the Great Spirit. They never honored the treaties, that’s the reason we are here today,” said Garry Rowland who is also known as Wounded Knee.

The delegation wrote a formal letter to the Department of State which was hand-delivered by activists of the tribe announcing their secession. So far, the U.S. has not issued a public response regarding their decision. Wikinews attempted to contact the State Department, but in an e-mail Director of the Office of Media Affairs Kirsten Petree stated that “this is not an issue for the State Department” and referred us to the Department of the Interior.

Under the declaration, the tribe, which consists of people from Nebraska, North Dakota, Montana, South Dakota and Wyoming, would create and issue its own driver’s licenses and passports. According to a report by Agence France-Presse, all residents who currently live within Lakota borders can continue to reside there without paying taxes, as long as they renounce their U.S. citizenship.

The attempt to gain independence began in 1974 when activists wrote up a draft declaration of independence, which was modeled after the 1776 Declaration of Independence that the U.S. signed in declaring freedom from England.

Many of the treaties the tribe signed with the U.S. are over 150 years old.

“We have 33 treaties with the United States that they have not lived by. They continue to take our land, our water, our children,” said activist Phyllis Young, who was one of the individuals who helped to organize a 1977 conference in Geneva on “indigenous rights.”

The other members of the activist delegation were Duane Martin Sr., Gary Rowland and Phyllis Young. Duane Martin Sr. is a leader of a group called the Strong Heart Society. Gary Rowland is a leader of a group called the Big Foot Riders. Phyllis Young is the founder of a group called Women of All Red Nations.

Means’ group is based in Porcupine, South Dakota on Pine Ridge Indian Reservation. Means’ group is not an agency or branch of any Lakota tribe, although he ran unsuccessfully for president of the Oglala Sioux tribe in 2006.


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Object that fell through roof of New Jersey home not a meteorite

Category : Uncategorized

Saturday, May 12, 2007

An object that fell through the roof of a New Jersey home in January was not a meteorite, according to Jeremy Delaney, a geologist at Rutgers University. Instead, it appears the object was space junk or orbital debris.

“Basically, it’s a piece of stainless steel. There’s huge amounts of material that have been left by the various space programs of the world,” said Delaney.

The meteorite shaped object was not from a naturally occurring substance and had a silver like reflection. It weighed about the same as a small can of soup, 13 ounces (about 370 grams), but was no bigger than a golf ball.

Earlier during the incident, scientists from Rutgers examined the object visually along with police who were at the scene, and determined it was a meteorite. But further tests by geologists confirmed that it was not a meteorite, but probably a metal piece from a rocket or satellite. They had earlier thought it was made of iron.

“That’s the nature of science. If the conclusion from the test says it’s not a meteorite, then it’s not a meteorite. We have to move forward,” said Srinivasan Nageswaran, a member of the family that found the object.


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Mercedez Benz C Class Facelift Will Be Launched Soon

Mercedez-Benz C-Class Facelift Will Be Launched Soon

by

cardekho

A good news is coming for all of those who are fantasizing luxury and trust on Mercedes tag as it coming up with a new version in Mercedes Benz C-Class as it is set to enter the Indian coast. The face lift version of the

Mercedes Benz C Class

is coming up with many updates and modern looks. The company has also claimed the car model that is to be affixed with many of the latest technologies which will improve the safety quotient and performance of the car.

[youtube]http://www.youtube.com/watch?v=sNc35CZY-uY[/youtube]

The exteriors will have strong and prominent visible crease lines which are going to be unique in the market which are claimed to be the best in class but the company is flaunting the efficiency of the fuel of the car as it is being called by high oil prices these days. The fuel efficient cars are sure to gain great demand in the market and it will bring this new version of Mercedes Benz C-Class in limelight. It is also claimed that the fuel consumption has improved by a striking 31% in the model through the effective employment of latest technologies.

The powerterrain that is used in the luxury car will be matched with the 7-speed 7G Tronic automatic transmission that makes the performance better and smoother. The latest variant of the famous Mercedes Benz C-Class is expected to come both in petrol and diesel variants.

Among the basic features of the Mercedes Benz C-Class facelift is expected to include DISTRONIC Plus proximity control system for comfortable and controlled drive, ATTENTION ASSIST driving assistant for better handling and Start-Stop function to facilitate comfortable drive.

The price of the existing model of Mercedes Benz C-class lies in the range of Rs 25, 14, 628 to Rs 30, 30, 806 and the straight target for this is the BMW 3 series. Mercedes Benz is looking forward to getting the top position by leaving behind the major competitor, BMW, and launching this new variant in Mercedes Benz C-class might help them achieve their goals. The car competition in the entry-level class became hotter after Mercedes launched the 2012 C-Class facelift.

Keep yourself updated for more information of

Volvo S60

and

Second Hand Cars

at cardekho.com.

Article Source:

ArticleRich.com


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Cleveland, Ohio clinic performs US’s first face transplant

Category : Uncategorized

Thursday, December 18, 2008

A team of eight transplant surgeons in Cleveland Clinic in Ohio, USA, led by reconstructive surgeon Dr. Maria Siemionow, age 58, have successfully performed the first almost total face transplant in the US, and the fourth globally, on a woman so horribly disfigured due to trauma, that cost her an eye. Two weeks ago Dr. Siemionow, in a 23-hour marathon surgery, replaced 80 percent of her face, by transplanting or grafting bone, nerve, blood vessels, muscles and skin harvested from a female donor’s cadaver.

The Clinic surgeons, in Wednesday’s news conference, described the details of the transplant but upon request, the team did not publish her name, age and cause of injury nor the donor’s identity. The patient’s family desired the reason for her transplant to remain confidential. The Los Angeles Times reported that the patient “had no upper jaw, nose, cheeks or lower eyelids and was unable to eat, talk, smile, smell or breathe on her own.” The clinic’s dermatology and plastic surgery chair, Francis Papay, described the nine hours phase of the procedure: “We transferred the skin, all the facial muscles in the upper face and mid-face, the upper lip, all of the nose, most of the sinuses around the nose, the upper jaw including the teeth, the facial nerve.” Thereafter, another team spent three hours sewing the woman’s blood vessels to that of the donor’s face to restore blood circulation, making the graft a success.

The New York Times reported that “three partial face transplants have been performed since 2005, two in France and one in China, all using facial tissue from a dead donor with permission from their families.” “Only the forehead, upper eyelids, lower lip, lower teeth and jaw are hers, the rest of her face comes from a cadaver; she could not eat on her own or breathe without a hole in her windpipe. About 77 square inches of tissue were transplanted from the donor,” it further described the details of the medical marvel. The patient, however, must take lifetime immunosuppressive drugs, also called antirejection drugs, which do not guarantee success. The transplant team said that in case of failure, it would replace the part with a skin graft taken from her own body.

Dr. Bohdan Pomahac, a Brigham and Women’s Hospital surgeon praised the recent medical development. “There are patients who can benefit tremendously from this. It’s great that it happened,” he said.

Leading bioethicist Arthur Caplan of the University of Pennsylvania withheld judgment on the Cleveland transplant amid grave concerns on the post-operation results. “The biggest ethical problem is dealing with failure — if your face rejects. It would be a living hell. If your face is falling off and you can’t eat and you can’t breathe and you’re suffering in a terrible manner that can’t be reversed, you need to put on the table assistance in dying. There are patients who can benefit tremendously from this. It’s great that it happened,” he said.

Dr Alex Clarke, of the Royal Free Hospital had praised the Clinic for its contribution to medicine. “It is a real step forward for people who have severe disfigurement and this operation has been done by a team who have really prepared and worked towards this for a number of years. These transplants have proven that the technical difficulties can be overcome and psychologically the patients are doing well. They have all have reacted positively and have begun to do things they were not able to before. All the things people thought were barriers to this kind of operations have been overcome,” she said.

The first partial face transplant surgery on a living human was performed on Isabelle Dinoire on November 27 2005, when she was 38, by Professor Bernard Devauchelle, assisted by Professor Jean-Michel Dubernard in Amiens, France. Her Labrador dog mauled her in May 2005. A triangle of face tissue including the nose and mouth was taken from a brain-dead female donor and grafted onto the patient. Scientists elsewhere have performed scalp and ear transplants. However, the claim is the first for a mouth and nose transplant. Experts say the mouth and nose are the most difficult parts of the face to transplant.

In 2004, the same Cleveland Clinic, became the first institution to approve this surgery and test it on cadavers. In October 2006, surgeon Peter Butler at London‘s Royal Free Hospital in the UK was given permission by the NHS ethics board to carry out a full face transplant. His team will select four adult patients (children cannot be selected due to concerns over consent), with operations being carried out at six month intervals. In March 2008, the treatment of 30-year-old neurofibromatosis victim Pascal Coler of France ended after having received what his doctors call the worlds first successful full face transplant.

Ethical concerns, psychological impact, problems relating to immunosuppression and consequences of technical failure have prevented teams from performing face transplant operations in the past, even though it has been technically possible to carry out such procedures for years.

Mr Iain Hutchison, of Barts and the London Hospital, warned of several problems with face transplants, such as blood vessels in the donated tissue clotting and immunosuppressants failing or increasing the patient’s risk of cancer. He also pointed out ethical issues with the fact that the procedure requires a “beating heart donor”. The transplant is carried out while the donor is brain dead, but still alive by use of a ventilator.

According to Stephen Wigmore, chair of British Transplantation Society’s ethics committee, it is unknown to what extent facial expressions will function in the long term. He said that it is not certain whether a patient could be left worse off in the case of a face transplant failing.

Mr Michael Earley, a member of the Royal College of Surgeon‘s facial transplantation working party, commented that if successful, the transplant would be “a major breakthrough in facial reconstruction” and “a major step forward for the facially disfigured.”

In Wednesday’s conference, Siemionow said “we know that there are so many patients there in their homes where they are hiding from society because they are afraid to walk to the grocery stores, they are afraid to go the the street.” “Our patient was called names and was humiliated. We very much hope that for this very special group of patients there is a hope that someday they will be able to go comfortably from their houses and enjoy the things we take for granted,” she added.

In response to the medical breakthrough, a British medical group led by Royal Free Hospital’s lead surgeon Dr Peter Butler, said they will finish the world’s first full face transplant within a year. “We hope to make an announcement about a full-face operation in the next 12 months. This latest operation shows how facial transplantation can help a particular group of the most severely facially injured people. These are people who would otherwise live a terrible twilight life, shut away from public gaze,” he said.


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Finnish police isolate ports in Helsinki

Category : Uncategorized

Saturday, August 6, 2005

The Finnish police isolated the ports of Katajanokka and Länsisatama on Saturday. The ports were isolated at around 9.30 p.m. local time and the isolation was called off at around 11.30 p.m.

Finnish police received reports from Estonia that a shipping container loaded with explosives could be coming from Estonia Saturday evening. They checked every truck that passed the ports with the assistance of the Border Guard Service. There are still two ships due to arrive in Helsinki tonight, but they were already checked in Tallinn.


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Powerful earthquake rocks southern Japan, tsunami warnings issued

Category : Uncategorized

Sunday, March 20, 2005

KYUSHU, Japan –

A powerful magnitude 7 earthquake rocked Japan’s southwestern island of Kyushu at 10:53 am local time today (0153 UTC), prompting the Japanese Meteorological Agency to issue tsunami warnings for the area. The tsunami warnings were canceled later in the day.

A 75-year-old woman was killed in Fukuoka city by a falling wall. At least 400 people were injured by the quake. Local Fukuoka Airport and high speed bullet trains in the area temporarily suspended operations to look for damage.

According to the agency, the epicenter of the earthquake was in shallow water in the Sea of Japan, off the north coast of Fukuoka Prefecture.

Small aftershocks continued throughout the day, with authorities advising that residents should be prepared for aftershocks of up to magnitude 6.

In the aftermath of the quake, people were quickly alerted to the state of the situation by television reports, telephone, and text-messaging systems.

Interviewed by telephone in Hitoyoshi, well inland from the epicenter of the quake, a local resident noted the severity of the quake was frightening, and left the elderly woman unable to remain seated on a chair. Shutting off gas was the first priority, with the local television coverage providing a quick status update for the situation, followed by an interruption by national emergency network coverage.

A foreign resident of Fukuoka city reported taking refuge under his desk for several minutes as books and ornaments fell from shelves. He prepared to evacuate to high ground in case of a tsunami, but news reports indicated little danger from a tsunami. He also reported that Japanese residents appeared unconcerned by the quake, with many strolling near Momochi beach shortly after the quake, showing little apparent concern.

In Tenjin, downtown Fukuoka, Fukuoka Building’s windows shattered, and the block was quickly cordoned off. In addition to Fukuoka Building, many other buildings and businesses remained closed to shoppers.

Wikinews contributor Oarih reports that a festive atmosphere pervaded the streets, however, as employees from Nishinihon Shimbun (a major Japanese newspaper) passed out one-page articles on the earthquake and curious onlookers investigated the damaged buildings and sidewalks. Many residents, relieved by the relatively low damage inflicted by the earthquake, started visiting pubs and restaurants at lunch for a celebratory beer. With train and subway services disrupted, queues over 100 people long formed at some Nishitetsu bus stops in Tenjin as dusk approached.

The penetration of modern text-messaging by the Japanese Keitai, the common Japanese cell phone system more prevalent than computer-based email, led to quick status checks on many family members located near the coast around Fukuoka, close to the quake’s epicentre. Wikinews contributor Oarih reports that cell phone service providers were swamped by the spike in use, however, and both voice and text services remained unreliable for much of the day.


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The Basic Benefits Of Unilock Pavers Connecticut

Category : Recreation

byAlma Abell

Paving certain areas around your home will not only beautify your property, but add value to it. Paving areas like a new patio, backyard area, pool area, walkways, or extended driveways also makes more outdoor space for you and your family to enjoy.Unilock Pavers Connecticut contractors can help you create the ideal paved area to suit your needs. The following will cover the benefits of Unilock.

Advanced Technology

Unilock products are constructed using advanced technology like EnduraColor Plus, ColorFusion, EasyClean, Reala, TitanTec, and Ultima. EnduraColor Plus is not a coating. It is a surface layer of durable minerals that never fade embedded right into the stone’s surface. It is designed to resist fading and it will not peel. ColorFusion adds a random color surface to produce a granite look. EasyClean makes these surfaces stain resistant and Reala is a technology used to make realistic textures. TitanTec surface technology offers the highest level of stain resistance and durability while Ultima concrete technology can handle heavy outdoor traffic.

Quality Products

Unilock offers quality products not just based on advanced technology, but on their choice of raw materials and their rigid testing process. They strive to exceed industry standards based on the Canadian Standards Association (CSA) and the American Society for Testing and Materials (ASTM). Unilock products are known to be durable, slip resistant, colorfast, highly tolerant to gas and oil spills, and resistant to salt erosion.

Versatile Designs

This kind of paving system offers endless design solutions for your outdoor areas. You can use them for an outdoor fire pit or fireplace for family quality time. Unilock products are versatile and strong enough to create expanded seating in an outdoor area and you can incorporate it into a wall for your patio areas. Outdoor kitchens, pool areas, and garden areas can be improved with paving materials. You can use these products to add accents and borders around your outdoor features as well.

These are some of the benefits of considering Unilock Pavers Connecticut for your outdoor areas. This will increase your property value, add beauty to your property, and provide years of enjoyment to you and your family. Dunning Sand & Gravel provides Unilock and other services for your landscaping and pavement needs. Visit website to find out how they can help you.


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Viktor Schreckengost dies at 101

Category : Uncategorized

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.


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46 illegal Afghan immigrants suffocate in truck in Pakistan

Category : Uncategorized

Tuesday, April 7, 2009

 Correction — Nov 1, 2013 The article below claims each passenger paid 4000 to 8000 USD. Each paid 30,000 Rupees, equivilent at the time to about US$375. 

The bodies of 46 Afghan illegal immigrants who suffocated to death in a container truck Saturday near Quetta, Pakistan, returned home Tuesday.

The Edhi Foundation placed the victim’s bodies into coffins to transport them back to Chaman. Funeral prayers were said before victims left Quetta hospital. “We are taking these dead bodies to Spin Boldak and later these will be flown to Kabul by helicopter. We are thankful to Pakistan government for every help,” said Afghan consul general Daud Mohsini.

Afghan officials received the bodies from The Edhi ambulances and Pakistan police escorts at the Pak-Afghan border Bab-e-Dosti (Friendship Gate). Security was high and traffic was backed up at the border crossing. The bodies were taken to Kandahar then to Kabul before they were laid to rest in their home towns.

Hamid Karzai, President of Afghanistan dispatched aircraft to Pakistan to bring home the 46 victims. Poor weather grounded the planes, and the bodies were driven back across the border.

Pakistan police found a locked truck packed with approximately 111 Afghan illegal immigrants around 20 kilometers (12 miles) south of Quetta on Saturday. The driver had fled the scene where 62 people were initially pronounced dead. Police said that from the strong smell emanating from the truck, the victims may have died days before they were discovered.

45 other people were found unconscious and taken directly to the hospital. At hospital two more migrants died. “The death toll is 46,” said Ghulam Dastagir, a police official.

Wazir Khan Nasir, a senior police official said, “We have been able to talk to some of the people, who were trapped in the container. They were all Afghans in the container and the container was going to Iran, When the condition of people inside the container deteriorated, the driver fled, leaving the container.”

Survivors have reported that a human smuggling racket locked 64 Kabul residents and 37 Spin Boldak residents in the truck container Friday afternoon. The truck’s air conditioning unit stopped working causing the locked passengers to cry out for help which was unheeded by the truck’s driver, and they fell unconscious. However, the loud ruckus caused by the trapped people inside did alert police and local residents to their plight.

The trip had cost each illegal immigrant US$4,000 to 8,000 for the trip. Gul Zameen, a survivor said, “We are all poor and wanted to find jobs in Quetta and Iran.”

The survivors have been charged under the Foreigners Act and some have been detained. Karzai has ordered an investigation and “demanded people avoid dangerous illegal migration and not be deceived by smugglers.” “We’ll go to Pakistan and talk to the survivors to find out what had exactly happened. The culprits will be brought to justice,” said Moheeddin Baluch head of the investigating delegation.

Pakistan’s Federal Investigation Agency (FIA) is also investigating. Five suspects believed to be involved in running the human smuggling racket have been arrested.