Commonwealth Bank of Australia CEO apologies for financial planning scandal

Posted on August 13th, 2018

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.

Honda Civic tops Canada’s list of most stolen cars

Posted on August 12th, 2018

Wednesday, November 22, 2006

The 1999 and 2000 year model Honda Civic SiR tops the list of Canada’s most stolen cars.

Consumer popularity also assures the cars will be popular with thieves. Its the second year in a row the Honda SiR has topped the list.

Rick Dubin Vice President of Investigations for the Insurance Bureau of Canada said “The Civics are easy targets.”

Dubin said that once stolen, the cars are most often sold to “chop shops” where thieves completely dismantle the vehicles. The automobile’s individual parts are worth more than the entire car.

The sheer numbers of the cars and their lack of theft deterrent systems make them thieves’ preferred choices.

1999 and 2000 Honda Civics do not come with an electronic immobilizer, however all Hondas from 2001 and onward are equipped with an immobilizer. Immobilizers will be mandatory on all new cars sold beginning September 2007. The devices enable an engine computer to recognize an electronic code in the key. If the code in the key and the engine don’t match exactly, the vehicle can’t be started.

In third place was the 2004 Subaru Impreza, while the 1999 Acura Integra came in fourth, with the 1994 Honda Civic rounding out the top five.

In sixth place, the 1998 Acura Integra, and the 1993 Dodge Shadow completed seventh.

When asked why early model vehicles are selected, he said that, “auto thieves continue to find it easier to steal older vehicles lacking an IBC-approved immobilizer. We’ve seen this trend developing for several years, and these results confirm it.”

Another Honda automobile, the 1996 year model Civic filled eighth place, with the 2000 German Audi TT Quattro in ninth.

The American 1996 Chevrolet/GMC Blazer rounded out the top ten.

None of the above cars had an electronic immobilizer.

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Posted on August 12th, 2018

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Posted on August 10th, 2018
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UK Celebrity Big Brother loses sponsorship over racism allegations

Posted on August 10th, 2018

Thursday, January 18, 2007

In the United Kingdom, The Carphone Warehouse, Celebrity Big Brother’s sponsor, has pulled out after some of the reality TV show’s contestants were accused of racism, with which the company did not want to be associated. The Perfume Shop has announced they will withdraw the perfume Shh… of Jade Goody, one of the contestants accused of bullying with a racist undertone. Motorcycle insurance company Bennetts unilaterally terminated its deal with former Miss England Danielle Lloyd to front an advertisement campaign.

The accusations centre around recent comments made by Jade Goody, Danielle Lloyd and Jo O’Meara (a former member of pop act S Club 7) about Bollywood actress Shilpa Shetty. The racism row was sparked by Jade’s mother, who referred to Shilpa as “the Indian”, instead of calling her by her name. She also asked Shilpa: “Do you live in a house or a shack?” There have been remarks over her accent, her alleged lack of hygiene when cooking, and reactions because she touched the food of housemates with her hands. Danielle Lloyd said: “You don’t know where those hands have been.” Lloyd also commented to Goody about the Indian actress: “She wants to be white”.

When asked about the incident in the Diary Room, Shetty said “…I don’t feel there was any racial discrimination happening from Jade’s end. I think there are a lot of insecurities from her end but it’s definitely not racial.”

Hertfordshire Police, the constabulary within which the Big Brother House falls, have received numerous formal complaints they will be investigating. Politicians, other celebrities, and fans spoke of their disgust as the UK media regulator Ofcom received a record number of complaints that rose tonight to 33,000. The Commission for Racial Equality is investigating if the footage was manipulated to deliberately imply racism.

Labour Party MP Keith Vaz even proposed a motion in the House of Commons condemning the abuse. He said “If this racist behaviour goes on, they [Jo O’Meara, Danielle Lloyd and Jade Goody] should be asked to leave”. Chancellor Gordon Brown, currently on tour in India, told reporters in Bangalore: “I want to reassure people that what British people are proud of is our reputation for tolerance and fairness.” Others believe this reflects a racist tendency in British our Western society in general. The newspaper Times of India ran the headline “Big(ot) Brother bullies Shilpa”. “What is happening in Big Brother is just holding the mirror to the western society. This is the real, discriminating face of the West.”, was the reaction of Bollywood film director Mahesh Bhatt. Ken Livingstone, the Mayor of London, accused Channel 4 of damaging the country’s reputation.

The show was recently losing viewers, but as a result of the controversy, viewing rates are up for the program.

Home-invaders pose as NYC police

Posted on August 10th, 2018

Monday, July 16, 2007

In two separate incidents, men posing as members of the New York Police Department (NYPD), have invaded homes in the New York City area. In both cases, they robbed the residents, but in the most recent, they sexually assaulted a woman.

On Saturday, July 14, at 1:09 a.m. EDT (UTC-4), four men knocked on the door of a Yonkers, New York, apartment. The 33-year-old male that lives there opened the door, as the men outside wore NYPD hats and t-shirts, and had badges hanging around their necks.

The men promptly ordered the male victim to the floor. “When this guy pushed me, he had a gun in my face,” the victim said. “I could see the other guy. He motioned to the others, come on, let’s go, let’s go.” The intruders shouted “Where are the drugs?” as they ransacked the apartment.

Two of the men entered the bedroom and sexually assaulted the 30-year-old female. The couple has a five-year-old child, who was sleeping in another bedroom. “The more I resisted, the more he began to hit me,” the woman said. She said she was sexually assaulted by two of the men while her boyfriend was bound and guarded.

Frightened. Make you think twice before you want to open the door, you know

Police said the men then left with a cell phone, a laptop computer, a diamond ring and a gold chain. Police do not believe that they were real officers. As of this afternoon, no arrests have been made.

On Thursday, July 5, shortly after six p.m. in the East New York neighborhood of Brooklyn five men knocked on the door claiming to be “the police.” When the victims opened the door, they pushed their way in demanding the family give them drugs and money.

When police responded to a call reporting a robbery, they found the family, husband, wife and their daughter, tied up. The man suffered a head injury when he was pistol-whipped. Police say the robbers got away with a camera, jewelry, and US$5,000 in currency.

Neighbors told NY1 that they were stunned. “Frightened. Make you think twice before you want to open the door, you know,” said one of the neighbors. “Now you be asking for all this ID and stuff and even still you’re going to wonder, are they for real? So it’s kind of scary.”

There is no word about whether the two cases are connected. Yonkers is on the border of New York City, but is outside the jurisdiction of the NYPD.

‘Naked Guy’ Andrew Martinez dies

Posted on August 6th, 2018

Sunday, May 21, 2006

Andrew Martinez, a former student at the University of California at Berkeley who was better known as “The Naked Guy” in the early 1990s, committed suicide on Thursday. He was 33.

Guards at the Santa Clara County Jail reportedly found Martinez unconscious in a jail cell, with a plastic bag cinched around his neck, at about 11:19 p.m. Wednesday. Martinez was taken to a local hospital where was pronounced dead early Thursday. He had been incarcerated since January 10 on charges of battery and assault with a deadly weapon.

Martinez is best known for attending his classes in the nude in the fall of 1992. He became an instant celebrity, appearing on national television talk shows where he defended his practice as a form of free speech and a challenge to sexual repression in Western society.

Martinez was eventually expelled from UC Berkeley for violating the school’s code of conduct, and Berkeley city officials passed a strict anti-nudity ordinance.

Family and acquaintances report that Martinez had been suffering from undetermined mental illness over the past decade for which he never found comprehensive treatment, and had been in and out of halfway houses, psychiatric institutions, and jail.

Said close acquaintance Bryan Schwartz, a civil rights lawyer in Washington, D.C., “He was a person with tremendous gifts and charisma who could have been a great asset to our society, but instead I feel like society — me included — failed him. It’s such a waste.”

Barack Obama elected 44th President of the United States

Posted on August 6th, 2018

Wednesday, November 5, 2008

The 2008 Democratic presidential nominee, Senator Barack Obama of Illinois, 47, is projected to win at least 349 electoral votes, more than enough to clinch the Presidency of the United States. Obama is the first African American to be elected President in U.S. history. His Republican opponent, Arizona senator John McCain is projected to win at least 173 electoral votes. McCain has phoned Obama to concede the election. Obama officially became the President-elect when John McCain issued his concession speech shortly after 9:00PM Mountain Time.

The Electoral College will officially elect Obama on December 15 and he will be inaugurated as the 44th President on January 20, 2009 at noon.

“We have come to the end of a long journey. The American people have spoken and spoken clearly. This is an historic election and I realize the significance this has for African-Americans […] Let there be no reason now, for any American should fail to cherish their citizenship in this, the greatest nation on Earth,” said McCain at a final event in Arizona.

Barack Hussein Obama was born on August 4, 1961 in Honolulu, Hawaii to Barack Obama, Sr. from Kenya and Ann Dunham from Wichita, Kansas. He grew up in Hawaii and Indonesia. He graduated from high school in 1979 and attended Occidental College and Columbia University, receiving his B.A. in political science in 1983. Afterwards he moved to Chicago and worked as a community organizer.

He enrolled in Harvard Law School in 1988, became the first black president of the Harvard Law Review, and graduated magna cum laude in 1991. He returned to Chicago, lecturing at the University of Chicago and practicing as a civil rights attorney.

He was elected to the Illinois State Senate in 1997, and became the Democratic nominee for U.S. Senator from Illinois in March 2004. The following July, he delivered the keynote address at the Democratic National Convention, catapulting him into the national spotlight.

He won election to the U.S. Senate with 70% of the vote. On February 20, 2007 he announced his candidacy for President and clinched the Democratic nomination on June 3, 2008, after a tense primary battle with Hillary Clinton. Obama is married to Michelle née Robinson, with whom he has two daughters.

Contents

  • 1 Victory speech
  • 2 Results
    • 2.1 Electoral College Overview
  • 3 Sources
  • 4 External links

Messi scores twice against ?ech, Bayern draw against Juventus in Champions League Last 16

Posted on August 6th, 2018

Wednesday, February 24, 2016

Yesterday, in the Last 16 round of the UEFA Champions League 2015–2016, Spanish football club FC Barcelona defeated London-based club Arsenal F.C. 2–0 — Lionel Messi scoring both of those at the Emirates Stadium. Munich-based club Bayern Munich were held to a 2–2 draw against Italian club Juventus FC in the Juventus Stadium.

Barcelona is a great team[…] We put a lot of energy in the game and technically we were very average.

At London, Barcelona had a greater ball possession against The Gunners. The match saw two yellow cards. Unbeaten in their last 32 games, Barça were not able to net goals for more than an hour. Arsène Wenger’s team Arsenal held the defending champions, and it took 49 minutes for the Catalonians to have one shot on target. In the 71st minute, Barcelona won the ball and began counter-attacking, where Messi–Suárez–Neymar, the MSN trio, broke the deadlock as the Argentine Messi scored his first goal against Czech goalkeeper Petr ?ech.

In the 83rd minute, Mathieu Flamini who was just subbed in brought the Argentine down in the penalty area and the visitors won a penalty. Messi scored his second of the night leaving the English side facing an uphill battle. Arsenal have been eliminated in the Last 16 round five consecutive times. After the match, Wenger told BT Sport “Barcelona is a great team[…] We put a lot of energy in the game and technically we were very average.”

Barcelona in their last 33 unbeaten games have netted 100 goals. Arsenal are to play the second leg at Camp Nou on March 16.

In the other fixture of the night, between Bayern Munich and Juventus, the Germans had better ball possession. Thomas Müller and Arjen Robben put the visitors 2–0 up, netting in the 43rd and the 55th minute respectively. But after the hour mark, Paulo Dybala and Stefano Sturaro brought Juventus level by scoring in the 63rdand the 76th minutes, and the first leg finished in a 2–2 draw. The match saw four bookings, three for the visitors.

Juventus continued their unbeaten streak of now seventeen home matches in European competition since defeat in 2013 against Bayern Munich.

Crossrail train approved for London

Posted on August 6th, 2018

Wednesday, October 10, 2007

The £16 billion Crossrail Scheme, that will run through London, Berkshire and Essex was given the go ahead; construction will begin by 2010 and it is expected to be finished by 2017. The line, that will provide 24-hour trains to the centre of London from the east and the west, will provide a better rail link to the West End.

UK Prime Minister Gordon Brown said “It was a great day for London, Crossrail and the economy” with the project expected to add £20 billion a year to the UK economy.

The government is providing a third of the money with the rest made up from borrowing against future fares and a levy on London business rates.

The news was also welcomed from the railway union RMT, who had been protesting to the government to go further for a new north to south high speed rail link.

Crossrail is also hoped to reduce the overcrowding to airports such as Heathrow and many others.