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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.

Tuesday, April 22, 2014

Coinciding with Easter Sunday, Glasgow Cannabis Social Club’s annual 420 event was held on Glasgow Green, under sunny blue skies, and overlooking the river Clyde. Despite the city’s council attempting to revoke permission for the gathering at the last minute, police were happy for it to go-ahead with approximately a dozen officers attending in high-visibility vests.

The Daily Record reported five arrests were made for minor offences, likely smoking and possession of small quantities of cannabis. Taking a less-sensational — and more accurate — line of reporting, the Monday edition of Glasgow’s Evening News stated five were referred to the Procurator Fiscal who is responsible for deciding if charges should be brought.

Official figures provided by the police were that 150 attended. With people coming and going, Wikinews reporters estimated upwards of 200 attended, compared to nearly 700 who had signed up for the event on Facebook. Hemp goods were advertised and on sale at the event, and some attendees were seen drinking cannabis-themed energy drinks.

“I was searched and charged under the Misuse of Drugs Act (which is a lot of bollocks)” one attendee noted online, adding “not fair to happen on a brilliant day like it was, other than that I had a great day!” A second said they were openly smoking and ignored by police, who “were only really focusing on people who looked particularly young”.

Cannabis seeds were openly and legally sold at the event and a hydroponics supplier brought a motortrike towing an advertising trailer. Actually growing cannabis is, however, illegal in the UK.

With the event openly advocating the legalisation of cannabis, speakers put their arguments for this to a receptive crowd. Retired police officer James Duffy, of Law Enforcement Against Prohibition, spoke of the failed United States alcohol prohibition policy; stressing such policies needlessly bring people into contact with criminal elements. Highlighting other countries where legalisation has been implemented, he pointed out such led to lower crime, and lower drug use overall.

One speaker, who produced a bottle of cannabis oil he had received through the post, asserted this cured his prostate cancer. Others highlighted the current use of Sativex by the National Health Service, with a cost in-excess of £150 for a single bottle of GW Pharmaceuticals patented spray — as-compared to the oil shown to the crowd, with a manufacturing cost of approximately £10.

Similar ‘420’ pro-cannabis events were held globally.

Tuesday, February 27, 2007

Microsoft decided to buy a health information search engine called Medstory. This is the company’s first step towards an involvement in the health market. The software that Medstory develops involves artificial intelligence techniques which are applied to both medical and health information stored in medical journals, as well as government documents. No additional information on the Medstory purchase was disclosed.

According to Peter Neupert, vice president for health strategy at Microsoft, the acquisition of Medstory represents the first step in assembling technologies which can serve well for the consumer experience in health care.

In 2006 Microsoft bought Azyxxi, which is a clinical health care service system. It searches and displays information about the patient from many sources. The information might be provided by: scanned documents, X-rays and even ultrasound images.

Microsoft decided to make its move into the health care system at a time when many websites, that provide various information on health, started to significantly raise their traffic and receive investments.

The industry analyst and Medstory investor, Esther Dyson, mentioned that the technology provided by Medstory is not just a search engine, it also represents an ontology engine. He also outlined the fact that Microsoft has acquired “some of the best deep technology” in the fast growing field of medical search engines.

Monday, October 30, 2006

The upcoming 2006 Brampton municipal election, to be held November 13, features an array of candidates looking to represent their wards in city council or the council of the Peel Region.

Wikinews contributor Nick Moreau contacted many of the candidates, including Bill Bousfield, asking them to answer common questions sent in an email. This ward’s incumbent is Elaine Moore; also challenging Moore is Janet Hamilton and Tejinder Lamba.

Monday, October 9, 2006

Jamie Lee Curtis, 47, has stated that she will end her acting career, but said that she will continue writing.

“I’m not an actor anymore,” she told Access Hollywood host Nancy O’Dell. “I really don’t imagine I’ll do that again.” She later said in the conversation, “I’m just focused on my family and just can’t imagine anything that’s going to pull me away from them right now.”

Curtis appeared on the Access Hollywood show to promote her newest children’s book, Is There a Human Race?. The interview she participated in with O’Dell will appear on the show’s weekend episode.

The picture book writer had this to say about ending her acting career, “No. I don’t want to be somebody else anymore.”

The last film Curtis starred in was the 2005 film The Kid & I.

Monday, June 21, 2021

Recent media reports indicate police are warning of increases in theft of auto-mobiles’ catalytic converters across parts of the United States. As recently as Friday, authorities in the city of Corpus Christi, Texas told media the theft rate of the item is up 312% for their city. The parts contain an array of precious metals, which are quite valuable today. The converters serve to reduce harmful emissions.

Prices of one of the metals, rhodium, has been increasing for past several months. According to multiple reports, one troy ounce, about 31 grams, of the metal was worth around USD23–27 thousand. The converters also contain palladium and platinum, both of which are precious metals, both valuable. Just this year, police in Lakewood, Washington report they’ve received 45 incident reports on stolen catalytic converters.

To curb the thefts, police recommend citizens park their car in a garage or in a well-lit area. Police also recommend installing security cameras in areas where owners park their car. Additionally, police suggest installing a piece of sheet metal to cover the catalytic converter can help thwart thieves.

Friday, September 1, 2006

The Prime Minister of New Zealand, Helen Clark, yesterday unveiled Kiwi Advanced Research and Education Network (KAREN). It is super high speed Internet that is capable of transmitting data with speeds of up to ten gigabits per second, 10,000 times faster than the current speed of broadband (1Mbps), and 200,000 times faster than dial-up.

The New Zealand Government put NZ$43 million ($28.1 million USD) into the Crown company: Research and Education Advanced Network of New Zealand (REANNZ) organization, responsible for the running of KAREN.

KAREN will link universities and research institutions in Auckland, Hamilton, Palmerston North, Wellington, Christchurch, Dunedin, Hawkes Bay, Nelson and Rotorua and then to the rest of the world via a TelstraClear fibre optic cable.

The network will allow geologists/geophysicists to access U.S. data on fault lines, 3D modellers the ability to collaborate on international mapping projects and students will be able to participate in interactive video lectures with experts, anywhere in the world.

The technology so far is limited to just universities and research institutions but Minister for Education Steve Maharey said: “The network will be extended over time to include other institutions, including schools, libraries and museums.” It is also limited to just one university in the South Island, it is located in the HIT Lab NZ at the University of Canterbury.

Clark said: “The link is crucial in order to attract and retain scientists, because it allows a greater level of real time collaboration between scientists based in New Zealand, and their colleagues around the world.”

The Telecommunications’ Users Association of New Zealand chief executive, Ernie Newman, said: “Karen was a ‘great initiative’ for the science community, and that would have wider benefits for the country.”

Dr. Mark Billinhurst, HIT Lab director, said: “The network meant the country was now legitimately part of the international research community.”