Archives 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.

Monday, August 27, 2012

Wikinews spoke to several residents of the US state of Texas finding varying opinions, and responses, to the threat from the West Nile virus; this, in contrast to the troubling media reports released recently. The state as a whole has seen more than 400 confirmed instances of the illness so-far this year.

A Longview woman, said, “[…] It’s terrifying. I’m so scared.” The woman was quick to point out a virus-related death occured in her city the same day. When asked about her daily routines, in light of the virus, she said, “I don’t go outside. I stay indoors. West Nile [virus] is bad.” The Director of Nursing for a large encampment located near Tyler said their operation had seen no cases of the illness, despite serving over 19,000 campers this summer. Her staff took no special precautions during August.

Although having some worries, Jimmy Philmont, 39, of Fairfield told Wikinews, “[…] I don’t let it keep me up at night. Overall, I’m not too scared.” Asked if he was aware of recent virus-related deaths in Texas, Philmont said, “Yeah, I am. That’s kind of scary. But, you have to live your life, you know? The world is hot now. You can’t go hide in a hole somewhere.” Earlier in the month, Tim Whitley, a city official in Malakoff, told Wikinews his city had began using a pesticide specialist to spray twice-weekly. Whitley explained two treatments per week is more often than usual for the city, “With the concerns in Dallas, we’re taking it seriously”, he said.

A nurse at a senior activity center in Austin told media she’d taken time to educate their facility’s clients about the virus and proper precautions; Adding, “They feel less alarmed and we try to protect our folks here […]”. Mark Kitsmore, 54, of Tyler said, “Honestly, I’m not too worried about it.” He jokingly commented, “I’ve probably used a little more bug spray over the past few weeks, though.”

Twenty-six people have died so-far this year as result of having contracted the virus, approximately half occurring in Texas. The mayor and county judge in Dallas have declared a state of emergency in response to the virus.

Thursday, Danish football champions FC Copenhagen upset France’s 5th place finishers RC Lens, beating them 2-1 on home turf after extra time. Lens started the scoring in the 14th minute, when Eric Carrière put Lens one up. Marcus Allbäck struck back in the 76th minute, closing the gap. At 90 minutes, the game was tied at 1-1, and with an aggregate score of 2-2, with one away goal a piece, the game went to extra time. Five minutes into the first extra time-period, Michael Gravgaard was sent off following a professional free kick on Aruna Dindane. But even one man down, Copenhagen fought their way to a penalty kick as Czech national Libor Sionko was fouled in the penalty area with just 8 minutes to play. Jesper Grønkjær scored the match-winner, converting the 12-yarder.

The club of the Danish capital is through to the group phase of the 2007-08 UEFA Cup, clinching at least another five matches in the tournament.

Other Danish clubs in the draw: AaB Aalborg held Italian U.C. Sampdoria to 0-0, qualifying for the group phase as well, after 2-2 in Italy, on the away goals rule. Meanwhile OB Odense was beaten 4-3 on penalties by Sparta Prague after neither team being able to break the deadlock for the 210 minutes of the two ties including extra time in the second leg, and FC Midtjylland failed to overturn their 1-3 deficit in Russia against Lokomotiv Moscow, losing 0-2, making it a 1-5 aggregate defeat.

Friday, May 8, 2009

Thomas Sam, 42, and his wife Manju Sam, 36, from Sydney, Australia, are undergoing trial for manslaughter by gross negligence for the death of their nine-month-old child, Gloria. She died from infection caused by severe eczema after they shunned effective conventional medical treatments for homeopathy, a form of alternative medicine that has been described as pseudoscience. Articles in peer-reviewed academic journals including Social Science & Medicine have characterized homeopathy as a form of quackery.

Gloria developed severe eczema at the age of four months and the parents were advised to send the child to a skin specialist. Thomas Sam, a practising homeopath, instead decided to treat his daughter himself. His daughter’s condition deteriorated, to the point that the baby spent all her energy battling the infections caused by the constant breaking of the skin, leading to severe malnutrition and, eventually, her death. By the end, Gloria’s eczema was so severe that her skin broke every time her parents changed her clothes or nappy, and in the words of the Crown prosecutor, Mark Tedeschi, QC, “Gloria spent a lot of the last five months of her life crying, irritable, scratching and the only thing that gave her solace was to suck on her mother’s breast.” Gloria also became unable to move her legs.

Mr. Tedeschi also told the court that, over the last five months of her life, “Gloria’s eczema played a devastating role in her overall health and it is asserted by the Crown that both her parents knew this and discussed it with each other.” However, despite their child’s severe illness, and her lack of improvement, the Sams continued to shun conventional medical treatment, instead seeking help from other homeopaths and naturopaths. Gloria temporarily improved during the rare times they used conventional treatments, but they soon dropped them in favour of homeopathy, and she consistently worsened.

Allegedly, Thomas’ sister pleaded with him to send Gloria to a conventional medical doctor, but he replied “I am not able to do that”. The parents are also accused of putting their social life ahead of their child, taking her on a trip to India and leaving her to servants while embarking on a busy social schedule, and giving her homeopathic drops instead of using the prescription creams they had been given.

Gloria was finally taken to the emergency department shortly before her death. By this time, “her skin was weeping, her body malnourished and her corneas melting”, according to the Sydney Morning Herald.

Speaking in the parents’ defense, Tom Molomby, SC, said that, as the parents came from India, where homeopathy is in common use, they should be declared not guilty due to cultural differences.

Homeopathy is a form of alternative medicine which treats patients with massively diluted forms of substances that, if given to a healthy person undiluted, would cause symptoms similar to the disease. Typical treatments take the dilutions, with ritualised shaking between each step of the dilution, past the level where any molecules of the original substance are likely to remain; for homeopathic treatments to work, basic well-understood concepts in chemistry and physics would have to be wrong. There is no evidence that homeopathy is more effective than placebo for any condition.

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.

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.

Tuesday, October 24, 2006

Pranab Mukherjee was appointed the External Affairs Minister while veteran Congressman A K Antony took his place as Defence Minister in a minor expansion-cum-reshuffle of his 29-month-old government by Prime Minister Manmohan Singh.

Kannada actor-turned-politician M H Ambareesh made his debut in the Union Ministry as Minister of State for Information and Broadcasting.

Jay Prakash Narayan Yadav, an RJD leader and a protege of Railway Minister Lalu Prasad, who had to resign last year following allegations of influencing the police in a case of electoral malpractices against his brother, returned to the government, again as Minister of State for Water Resources.

Oscar Fernandes took over Ministry of Labour.

Friday, September 2, 2005

The United States Senate has cut short their summer recess and has arrived in Washington to approve a $10.5 billion aid bill to victims of Katrina as requested by President George W. Bush.The United States House of Representatives is expected to pass a similar bill later today.

Bush has told Congress he will ask for more funds in the coming weeks. Most of the money will go to the Federal Emergency Management Agency and the rest will go to the Pentagon which is dispatching ships to the area.

Bush has also asked his father, former President George H.W. Bush and former President Bill Clinton to help raise private funds for relief like they did for the December 2004 tsunami in Asia.

Over two dozen nations, some with assets in the area, have offered aid to the city of New Orleans, but President George W. Bush has refused any aid from foreign nations which does not take the form of cash.

Saturday, August 2, 2008

A 54-year-old German farmer who lost both arms in a farming accident six years ago has become the first patient to receive a complete double arm transplant. The patient, whose name has not been released, underwent the operation at the Klinikum rechts der Isar, part of the Technical University of Munich (Technische Universität München), last week; he is said to be recovering well.

The operation lasted 15 hours and was performed by a team of 40 specialists in Plastic Surgery, Hand Surgery, Orthopedics and Anesthesiology, under the direction of the head of the Plastics and Hand Surgery department, Prof. Hans-Günther Machens, Dr. Christoph Höhnke (Head of Transplants, Senior Physician; Plastics and Hand Surgery) and Prof. Edgar Biemer, the former Chief of Plastic Surgery at the Clinic.

In a press statement released by the clinic, it was revealed that the patient had been thoroughly physically checked and had psychological counselling prior to the surgery to ensure he was mentally stable enough to cope with the procedure. Since completion of the surgery, the patient has been on immuno-suppressant drugs to prevent rejection of the new limbs.

Following the surgery, the press release from the clinic’s press manager, Dr. Tanja Schmidhofer, included the following statement:

Without the immuno-suppressant drugs given to the patient, the risk of there being a Graft-versus-Host Reaction or GvHR, would have been significant due to the upper arm containing a large amount of bone marrow, consisting of ICC’s or Immuno-Competent Cells, which would have triggered a near total rejection of the new limbs. A GvHR is a condition which results in the cells from the transplant attacking the immune system of the body.

Indications from the clinic suggest that the double attachment went well, although it could be up to 2 full years before the patient is able to move the arms.

The donor arms came from an unnamed teenager, who is believed to have died in a car accident.

Thursday, March 31, 2005

Pressure is building on Myanmar to decline next years revolving ASEAN chair due to its human rights record. The US Senate Majority Whip Mitch McConnell, has said that the USA should boycott ASEAN meetings next year if Myanmar takes the chair.

The UN special envoy to Myanmar, Tan Sri Razali Ismail, has backed moves by Malaysian lawmakers earlier this week against Myanmar’s chairing, saying “The UN is always on the side of democracy. It supports the principles these people are pushing and these principles are very important for all governments to adhere to,”

“I don’t think there’s any attempt to punish Myanmar but to make them understand ASEAN is guided by certain principles in order to be a member or in order to be leading ASEAN for a certain period,”

Filipino legislators are also following Malaysian lawmakers, and are expected to propose that all member countries adopt a stand on Myanmar when ASEAN legislators meet in an Inter-Parliamentary Union conference in Manila on April 3.