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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.

Sunday, March 25, 2018

Visual art, fabric art, photography, performance, dance, virtual reality, and music were all the subject of sessions at Furnal Equinox 2018, a conference held from March 16 to 18 at Toronto’s Westin Harbour Castle. Canada’s largest furry convention by attendance, the annual event offers dozens of subculture-specific programs.

The convention’s communications and public relations coordinator for the event, Ronnie, describes furries as “people that enjoy arts and culture centred around animals and animal-themed topics, essentially. Furnal Equinox in particular, we like to celebrate in a very visual and very […] artistic nature, where we have lots of arts and performances and crafts that go on, and people celebrate with lots of socialisation involved.”

Of the attendees, Ronnie told Wikinews “they come from all walks of life. They are people of all ages, sizes, all sorts of backgrounds, and they come together under one mutual interest, which is their love for animal culture.”

“Programming at Furnal Equinox involves[…] a lot of informational panels, so you can find out about topics from art and how to draw, or how to visually incorporate different elements into your artworks. You can also find panels that teach you how to write better, be a better fiction author for example,” explained the event representative.

At one panel Wikinews attended, members of its all-volunteer organising committee spoke of the year-long process of planning the event, and their reasons for committing such a significant amount of their time. Said one panelist, “if you’re happy, we’re happy.”

• Image: Nicholas Moreau.

• Image: Nicholas Moreau.

• Image: Nicholas Moreau.

The largest hub of activity at the convention was a dealer’s room; nicknamed the “Dealer’s Den”, giving it an anthropomorphic twist. Vendors were selling original visual art, wearables like faux fur tails or ears, or things like jewellery or soap with motifs that would interest attendees.

The back area of the room was dedicated to a charity auction, with proceeds benefiting Happily Ever Esther Farm Sanctuary. According to the convention website, the charity is “dedicated to rescuing abused, neglected, and abandoned farmed animals. Their goal is to provide a safe, life-long home for all of their residents, and to educate the public about the true nature of farmed animals through tours, volunteer programs, and community outreach.”

Split into groups, some attendees played “Fursuit Games” in front of an audience, like trying to toss a ball into a garbage can. The activity made harder, of course, by the limited dexterity and vision the most of the costumes entail.

• Image: Nicholas Moreau.

• Image: Nicholas Moreau.

• Berrie Image: Nicholas Moreau.

• Image: Nicholas Moreau.

• Attendees try to catch their own prizes, like t-shirts, after the Games. Image: Nicholas Moreau.

[edit]

A compilation of brief news reports for Sunday, April 1, 2007.

Five former Maoist rebels were sworn in as ministers as part of a peace pact designed to end a decade-long insurgency that has killed more than 13,000 people in Nepal. The new government has announced assembly elections for late June, 2007. Thereafter, the new assembly is due to write a new constitution for the Himalayan nation.

Related news

• “Nepal civil war ended by peace deal” — Wikinews, November 21, 2006

Sources

• AP. “Former rebels join Nepal government” — CNN, April 1, 2007
• “Nepal elections set for June” — Al Jazeera, April 1, 2007

Under a new law that went into effect today, non-Russians will not be allowed to work as salespeople in shops and markets. The ban was presented by Vladimir Putin as a way of improving employment prospects for Russian citizens. Russian media warns that it will increase the labor costs for retailers and drive up inflation. The Federal Migration Service, a government agency, reported nearly full compliance in Moscow.

Sources

• “Trading ban targets non-Russians” — BBC News Online, April 1, 2007
• “Russia bans expats from trading” — Al Jazeera, April 1, 2007
• “Moscow markets fully meet demands of new immigration legislation” — ITAR-TASS, April 1, 2007

Today, Sunday, Google “released” their Google TiSP service. This April Fool appears on their homepage as “New! Get FREE breakthrough broadband with Google TiSP (BETA).” This directs you to a page with details of Google’s TiSP package, a package that will give you broadband after you flush a fiber-optic cable down your toilet. Google issued a press release at midnight on April 1st, 2007.

Sources

• Press Release: “Google announces free in-home wireless broadband service” — Google, April 1, 2007
• Asher Bramwell. “Google April Fools!” — Geekzone, April 1, 2007
• Garrett Rogers. “Google launches TiSP — Free wireless broadband” — ZDNet, March 31, 2007

External links

• Google TiSP

Between 100 and 200 students gathered outside the British embassy in Tehran to protest the alleged incursion into Iranian waters by the Royal Navy.The protesters threw rocks, chanted “Death to Britain” and called for the expulsion of the ambassador. Police prevented the protesters from entering the compound.

Sources

• Nasser Karimi, AP. “Protest in Iran Targets British Embassy” — Guardian Unlimited, April 1, 2007
• Edmund Blair. “Protesters pelt UK embassy as Iran row worsens” — Reuters, April 1, 2007
• “Students condemn UK navy violation of Iran’s waters” — Islamic Republic News Agency, April 1, 2007

Tuesday, March 10, 2009

The Community Broadcasting Association of Australia (CBAA) has urged the Australian government to increase funding for community broadcasters. CBAA is asking for an extra $AU14 million for “vital community broadcasting services.”

According to CBAA President Deborah Welch, community television is the training ground for the Australian media industry.

“It is the launching pad for the career of thousands of Australian musicians. It is an incredible source of local news, music and culture targeted specifically to local communities and produced by members of the community themselves,” Ms Welch said in a statement.

Stations broadcast a range of programs from religious programing, to car shows and sporting events. Several state based sporting leagues broadcast on community television stations. C31 Melbourne broadcasts an association football show called The Victoria Football Show; Queensland Community Television broadcasts AFL Queensland State League matches; and C31 Adelaide broadcasts Indoor Cricket & Netball and South Australian National Football League matches.

According to the CBAA, the primary income sources for community television stations are sponsorship announcements and community donations.

“The CBBA is calling on the Federal Government to commit $14 million in new funding for content production, infrastructure, training and sector co-ordination and planning,” Ms Walch says. “With $10.4 billion being spent on ‘strengthening the economy’ this is highly targeted $14 million will assist in skills development and employment pathways for many volunteers involved in local stations as well as strengthening local communities ability to sustain themselves in tough times.”

Australian Greens communications spokesperson Senator Scott Ludlum says, “[The] government should always be looking at ways to bring communities together, through sharing information and building partnerships.”

Thursday, September 20, 2007

Brooklyn Borough Hall featured a Who’s Who in New York’s literary community during the second annual Brooklyn Book Festival. According to Brooklyn Borough President Marty Markowitz, the borough’s zip code 11215 boasts more authors than anywhere else in the country. It appeared to be the case on Sunday. More than 100 authors were featured at the day-long event, including The Basketball Diaries writer Jim Carroll, former M*A*S*H star Mike Farrell, author and illustrator Mo Willems, Jack Kerouac‘s sometime lover and National Book Critics Circle Award recipient Joyce Johnson and PEN American Center President Francine Prose.

This year’s festival made use of Saint Francis College and the Brooklyn Historical Society to accommodate the big jump over last year’s 70 authors in participation to 115 this year. Although there is no official way to keep track of the numbers of attendees, Borough Hall officials estimated between 15,000 and 20,000 people attended.

Markowitz spoke with NY1‘s Inside City Hall host Dominic Carter, who shared stories of his childhood abuse. A lone protester from Develop Don’t Destroy, the group against the development of Brooklyn’s Atlantic Yards, held up a sign decrying Markowitz’s support for the project.

A highlight of the festival was recent Heinz Family Foundation award recipient Dave Eggers discussing with Nigerian poet Chris Abani a slide show of Eggers’s trip to Marial Bai, Sudan. Eggers wrote a fictional account of the life of Valentino Achak Deng, one of the Lost Boys of Sudan. The book, What Is the What, was a critical success.

One of the featured panels on “soon-to-be-published works of groundbreaking authors” that included Jim Carroll, The Women of Brewster Place author Gloria Naylor and playwright and music journalist Joe Meno, ran into problems. The panel was the final program and started half an hour late. Naylor failed to show, reportedly due to a death in the family. In the middle of Carroll’s presentation he was asked to stop speaking so they could close the courtroom where the event was held in the Borough Hall. Carroll was visibly upset. He asked the audience if they wanted to hear one song, to which they enthusiastically cheered until the festival organizers cut off his microphone to keep to a schedule that required they vacate the premises by a certain time.

Steven Carter and Bernice McFadden also failed to attend; McFadden stated on her blog that she came down with a stomach illness. The Brooklyn Book Festival had no comment.