Commonwealth Bank of Australia CEO apologies for financial planning scandal

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Commonwealth Bank of Australia CEO apologies for financial planning scandal

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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Wikinews international report: “Anonymous” holds anti-Scientology protests worldwide

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Wikinews international report: “Anonymous” holds anti-Scientology protests worldwide

Sunday, February 10, 2008

The Internet group Project Chanology today held protests critical of the Church of Scientology. The protests marked what would have been the 49th birthday of Lisa McPherson, who is claimed to be a victim of the Church of Scientology’s practices. Lisa died in 1995 during a running of what Scientologists refer to as an Introspection Rundown, a procedure intended to help Church members deal with a psychotic or deeply traumatic event.

Protests were planned throughout the day in 14 countries and over 50 different cities. The estimation of total protesters world wide for Feb. 10, 2008 is 9,250 people.

Wikinews had correspondents at a number of protest locations to report on the events. This article was updated throughout the day with reports from around the globe.

Contents

  • 1 Location Reports
    • 1.1 Adelaide, Australia
      • 1.1.1 Adelaide Gallery
    • 1.2 Atlanta, Georgia
      • 1.2.1 Atlanta Photo Gallery
    • 1.3 Austin, Texas
      • 1.3.1 Austin Photo Gallery
    • 1.4 Boston, Massachusetts
      • 1.4.1 Boston Photo Gallery
    • 1.5 Brisbane, Australia
      • 1.5.1 Brisbane Gallery
    • 1.6 Brussels, Belgium
      • 1.6.1 Brussels Photo Gallery
    • 1.7 Buffalo, New York
      • 1.7.1 Buffalo Photo Gallery
    • 1.8 Chicago, Illinois
      • 1.8.1 Chicago Photo Gallery
    • 1.9 Clearwater, Florida
    • 1.10 Dallas, Texas
      • 1.10.1 Dallas Photo Gallery
    • 1.11 Edinburgh, Scotland
      • 1.11.1 Edinburgh Photo Gallery
    • 1.12 Honolulu, Hawaii
      • 1.12.1 Honolulu Photo Gallery
    • 1.13 Houston, Texas
    • 1.14 London, England
      • 1.14.1 London Photo Gallery
    • 1.15 Los Angeles, California
      • 1.15.1 Los Angeles Photo Gallery
    • 1.16 Manchester, England
      • 1.16.1 Manchester Photo Gallery
    • 1.17 Melbourne, Australia
      • 1.17.1 Melbourne Photo Gallery
    • 1.18 Minneapolis, Minnesota
    • 1.19 Milwaukee, Wisconsin
      • 1.19.1 Milwaukee Photo Gallery
    • 1.20 New Orleans, Louisiana
      • 1.20.1 New Orleans Photo Gallery
    • 1.21 New York City, New York
      • 1.21.1 New York City Photo Gallery
    • 1.22 Philadelphia, Pennsylvania
    • 1.23 Phoenix, Arizona
      • 1.23.1 Phoenix Photo Gallery
    • 1.24 Pittsburgh, Pennsylvania
      • 1.24.1 Pittsburgh Photo Gallery
    • 1.25 Plymouth, England
      • 1.25.1 Plymouth Photo Gallery
    • 1.26 Portland, Oregon
      • 1.26.1 Portland Photo Gallery
    • 1.27 San Antonio, Texas
    • 1.28 San Diego, California
      • 1.28.1 San Diego Photo Gallery
    • 1.29 Seattle, Washington
      • 1.29.1 Seattle Photo Gallery
    • 1.30 Sydney, Australia
      • 1.30.1 Sydney Photo Gallery
    • 1.31 Toronto, Canada
      • 1.31.1 Toronto Photo Gallery
    • 1.32 Vancouver, Canada
    • 1.33 Vienna, Austria
    • 1.34 Winnipeg, Canada
      • 1.34.1 Winnipeg Photo Gallery
    • 1.35 The Internet
      • 1.35.1 Internet gallery
    • 1.36 Other locations
      • 1.36.1 Stories from other locations
  • 2 Related news
  • 3 Sources

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Southlake Dentist Is A Solution For Entire Family Dental Problem

Southlake dentist is a solution for entire family dental problem

by

Sir John Carter

Hiring a well presumed and a capable Southlake dentist could probably be the answer to numerous of you and your family\’s dental problems. It is significant you obtain this pace in order to make sure the oral cleanliness of those you love These dental practitioners are well versed in all dental matters, and can effortlessly offer a answer to crisis Southlake dental problems as well, which happen when a being fails to take care of a slight troublesome issue for a very extended time.

There is a diversity of dissimilar advantages of hiring a high-quality

Southlake dentist

. First of all, these dental practitioners are well skilled with a lot of problems and be acquainted with how to agreement with them. For example, if your child refuses to obtain his teeth checked, the practitioner would himself know how to grip the situation cautiously. Secondly, these dental practitioners do not go for individual gain, which means that they do not guide their patients on a wild goose pursue or give them a lot of dissimilar tests to go for before the answer can be found, as they have lots of knowledge and can rapidly identify the difficulty themselves.

[youtube]http://www.youtube.com/watch?v=NJoR0uzeMdc[/youtube]

This is a very significant point, because there are lots of restricted dental practitioners who appear for utmost profits for themselves, and remain on telling their patients to go for so many dissimilar tests without getting the right results. It adds extra anxiety and harass, which is why only well supposed family dentists, must be selected. There is lots of other compensation that come with hiring a good dentist Southlake, as these dental practitioners actually care about the oral fitness of your family and often call themselves to make sure whether the relations is doing fine. From grandparents to fresh born baby children, these

Southlake dental

practitioners recognize how to contract with everybody.

There is a diversity of things that must be measured before deciding a high-quality family dentist for you. Everyone tries to employ good universal dentists for them as well as for their families, and it is significant that convinced things be kept in mind before you choose a family dentist. First of all, you must discover a dentist Southlake practitioner who is accomplished in the fields of dentistry that are most necessary by your family, such as cosmetic dentistry, children\’s dentistry and insert dentistry. These are some of the essential needs that are necessary by a family, and yours must know all of these.

The next thing to think before selecting a dentist is the reviews that he gets from those who work approximately him. It is significant that you ask for recommendation and suggestion from obtainable patients and/or friends and family members. It is also sensible that you ask for an view from coworkers of that family dentist, as this would assist you in getting a better sympathetic about the nature of the doctor that you are about to employ. After that, you must hold a conversation with your dentist to ensure for yourself whether he or she is the person you require hiring.

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Article Source:

ArticleRich.com

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Airplane in Nigeria crashes during mock rescue exercise

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Airplane in Nigeria crashes during mock rescue exercise

Saturday, March 13, 2010

A Nigerian airplane crashed in the city of Port Harcourt yesterday, resulting in several minor injuries.

The plane was supposed to be taking part in a mock rescue exercise, and was carrying 30 members from the National Emergency Management Agency and other emergency workers, when it slid off the runway and into some bushes after landing at Port Harcourt International Airport.

The rescue workers on the ground, intended to participate in the emergency drill, instead had to deal with a real emergency; however, only a few people on board the aircraft sustained minor wounds.

A spokeswoman for the police, Rita Inoma-Abbey, commented today that “[n]o life was lost, but the aircraft was severely damaged.”

Posted: August 8th, 2018 by

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Car Financing Without A Down Payment, Find Out How Its Possible

By Hilary M Bowman

Do you need to buy a car but do not have any money to pay down towards the purchase? Never fear, there are lenders who specialize in down down payment or no deposit car loans. You, too, can be approved for the new car that you need or want. Even those with less than perfect credit can receive the car loans that they need.

Easiest Loans To Obtain

A car loan is granted to a borrower to purchase a car, but the lender will place a lien upon the car until its paid for, which means that most lenders are willing to finance car purchases because if you fail to pay them for the money they extend to you for the purchase, they can repossess the car and sell it to someone else to recoup their money. This makes car loans among the most easy to approve loans in the industry.

What Your Lender Looks For

When considering you as a good candidate for a car loan, lenders will look at not only your FICO credit score, but also your income. Those borrowers who have been on the job the longest are quickest to qualify for the financing that they need; however, having a job for at least six months with the same employer makes you look stable as well. The longer length of time on your job the greater the approval rating for your car loan.

[youtube]http://www.youtube.com/watch?v=sAFzHrPo4i8[/youtube]

Bad credit borrowers should be prepared to pay a slightly elevated rate of interest than other borrowers for the same loan. But paying a bit more now can help you build your borrowing history and also add points to your credit score by paying your lender on time every month. Additionally, once you have paid on your car loan for a year or more, you can always elect to refinance at a better interest rate that reflects your excellent payment history, either with the current lender or a new lender.

Buying Your New Vehicle

When shopping for the car, truck, SUV, van or other vehicle you need, be aware that you should always elect to buy a car that has some type of warranty attached to it. Most new cars have a warranty that protects you against paying out of pocket repairs, but if you are buying a used car, go for one that has a factory warranty remaining, or a dealer who offers the same. You need to be protected for the first five years or fifty thousands miles of usage, whichever should come first.

Also, look for one that will replace tires that have been damaged, offers towing assistance, and rental car coverage as well. Having a warranty can be a big asset if something goes wrong with your vehicle.

You can find great car loans for borrowers of all credit types without deposits or down payments on the Internet. Online lenders have greater rates of approval for all borrowers as well as reduced interest rates that can save you tons of cash.

About the Author: Hilary Bowman is the author of this article. She works successfully as a financial advisor with years of expertise on

Unsecured Loans

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Source:

isnare.com

Permanent Link:

isnare.com/?aid=590091&ca=Finances

Posted: August 8th, 2018 by

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Why You Should Hire An Agent To Handle Your Real Estate In Ames

byAlma Abell

Buying or selling a home can be very difficult and demanding. Many people become easily frustrated by either process. However, hiring a professional that handles real estate in Ames can help remove some of the burden.For starters, professional real estate agents have the experience necessary to help you buy or sell a home. When it comes to buying a home, agents know what questions to ask and what to look for. If you’re trying to sell a home, real estate agents know exactly how to prepare a home in order to get more buyers interested. Having a professional with education in the real estate market is a huge advantage for any buyer or seller.If you’ve ever tried to buy or sell a home before, you know how uncomfortable it can be. When you have to deal with a buyer or seller directly, there can be a lot of pressure involved. A professional real estate agent can be a great buffer between you and the owner who’s selling a home. In many cases, sellers try desperately to close a deal with buyers like you. This can put a lot of pressure on you. Real estate agents will be able to handle the pressure a lot better than you.Because real estate agents are constantly buying and selling homes around the city, they know who’s looking to buy and who’s looking to sell. If you’re selling your home, an agent has knowledge of the neighboring real estate in Ames, and can help you price your home according to similar houses. If you’re buying a home, real estate agents are very much aware of which neighborhoods are within your price range and which homes are for sale. This way you don’t have to spend days driving around looking for available homes.For the past couple of years, the housing market hasn’t looked too good. It’s been kind of tough on both buyers and sellers. Most people aren’t very familiar with all of the intricate details of the market. Furman Realty can provide helpful information about the current market conditions. They can tell you how much you should value your home, how likely it will be sold at that price, and how long you can expect it to stay on the market.

[youtube]http://www.youtube.com/watch?v=dGUYGDln8HE[/youtube]

Posted: August 7th, 2018 by

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Wikimania 2008: MediaWiki use in the U.S. Department of State

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Wikimania 2008: MediaWiki use in the U.S. Department of State
This article mentions the Wikimedia Foundation, one of its projects, or people related to it. Wikinews is a project of the Wikimedia Foundation.

Sunday, July 20, 2008

The last day of the Wikimania 2008 conference saw Saturday morning sessions on a variety of topics. Wikinews attended a presentation by Eric M. Johnson from the United States Department of State. Eric, a former NCO in the U.S. Marines, is the lead for the Knowledge Management Action team in the department’s Office of eDiplomacy, and involved in department’s use of Web 2.0 technologies for knowledge management. This includes blogs, and the key focus of his talk, Wiki culture in the U.S. Department of State.

Eric opened his presentation with an introduction to the U.S. State Department, one of the oldest agencies of the American government, which today has around 57,000 employees worldwide. When formed in the 18th century their offices and diplomatic staff operated largely autonomously due to lack of ability to communicate rapidly. By the mid-20th century this had changed with the advent of telegraph lines, and changed again with the Cold War and security concerns bringing to the fore the well-known term, “need to know”.

Now, in the 21st century, the volume of internal communication generated by the department is a staggering 1,800,000 cables a year, 1.5 billion emails, production of around 500,000 print volumes, and maintenance of approximately one thousand websites. Both internal and externally facing.

A pilot project was set up, Diplopedia, a MediaWiki wiki running on the department’s internal network, which outside of the department of defence is one of the largest private networks operated by the U.S. government.

A grassroots effort, this project to promote knowledge sharing differs from the well-known Wikipedia in that it does not allow anonymous edits. There are around 1,000 registered users who have contributed over 4,400 pages. Integration with the Department of State’s internal search engine prioritises results from the wiki, increasing the popularity of the site such that it has received over 650,000 page views. Like Wikipedia, users are required to provide sources for entered information at the foot of the article, and users are warned that it is a starting point and not an authoritative source of information. Data on visa requirements and information from other static department sites has been incorporated into the wiki.

Eric described the project as just reaching critical mass and attracting increasing interest from other departments. Among the ingredients leading to the success of the project were the cultural change with increasing awareness of the technology from Wikipedia, the formation by the community of a welcoming committee, and the taking on of roles to carry out tasks such as drafting. A number of staff act as “gardeners” tending to the wiki content, keeping it fresh, and well cross-referenced. The continual updating is a novel concept to many of their employees.

Unlike Wikipedia, and many other projects using MediaWiki, none of the Diplopedia pages are locked or protected. This even includes their main page. To date there have been none of the content disputes that have been an issue on Wikipedia, and the use of the wiki to replace traditional websites which are far more time consuming to maintain is seen as a logical extension of the project.

Carried out with no outside help, and by learning from others’ mistakes, the department has adopted mechanisms for assuming that contributions are well-intentioned, and has a body for oversight in the event of a dispute.

With the success of the project, eDiplomacy plans to introduce a separate, classified wiki. They will also expand the effort to compile biographies of foreign leaders, which was pioneered by the U.S. missions in Italy and Germany. This effort has proven valuable when combined with a version of the site available on portable devices such as the Blackberry.

The future holds moves to seek more support from management and integration with their primary authentication system. Among the features on the main page to keep the project interesting to staff is a “Diploquiz” which poses a weekly trivia question which can be answered from somewhere within the wiki.

Posted: August 7th, 2018 by

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Irish National Pensions Reserve Fund gains 2.4% in first quarter

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Irish National Pensions Reserve Fund gains 2.4% in first quarter

Friday, April 22, 2005

Ireland’s National Pensions Reserve Fund (NPRF) has posted a 2.4% return for the first quarter (9.6% annualized). On March 31, the funds value stood at €12.3bn, a rise of €290m (excluding state contributions) since December 31.

Donal Geaney, the fund’s chairman, told the press that growth in the past quarter had been driven by the Fund’s European equity investments.

Mr Geaney, former Élan CEO, has pursued a policy of diversification since February of this year, with the stated aim of placing a larger amount of the funds assets in companies with small market capitalizations and in property funds.

The fund was set up by the National Pensions Reserve Fund Act, 2000 to partially meet the expected rise in Irish pension costs from 2025 onwards.

Posted: August 7th, 2018 by

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Australian art gallery raided by police; photographer faces possible indecency charge

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Australian art gallery raided by police; photographer faces possible indecency charge

Monday, May 26, 2008

The Rosley Oxley9 Gallery in Sydney, Australia was raided by police over the weekend following complaints of child pornography. The complaints related to an exhibition of works by photographer Bill Henson, which included several photographs of naked pubescent children. Twenty-one of the forty photographs in the exhibition were seized during the raid, and police have announced that charges will be laid under the NSW Commonwealth and Crimes Act for “publishing an indecent article”. Digital versions have also been removed from the Gallery’s website.

Whatever the artistic view of the merits of that sort of stuff – frankly I don’t think there are any – just allow kids to be kids.

Politicians on both sides of the fence spoke out against the exhibition. Prime Minister Kevin Rudd, speaking to the Nine Network, said he found the photos to be “absolutely revolting […] Whatever the artistic view of the merits of that sort of stuff – frankly I don’t think there are any – just allow kids to be kids.” His Opposition counterpart, Brendan Nelson, believes that the exhibition “violates the things for which we stand as Australians and indeed as parents”.

Art experts have supported Henson and defended his work, denying claims of child pornography and exploitation. According to Betty Churcher, a former director of the National Gallery of Australia, “[t]here is absolutely no suggestion of pornography in these photographs”. Sydney art dealer Denis Savill hung one of Henson’s works, featuring two nudes, in his gallery window beside an Arthur Boyd nude, to “give them something to grizzle about”.

According to Tony Oxley, husband of gallery owner Roslyn, the gallery’s answering machine has recorded several threats to burn the building down. The police action also calls into question the fate of similar works by Henson in other galleries in Australia and around the world.

Posted: August 7th, 2018 by

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Report urges Kenya to ban plastic bags

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Report urges Kenya to ban plastic bags

Wednesday, March 9, 2005File:Plastic bag stock sized.jpg

They are cheap, useful, and very plentiful, and that is exactly the problem, according to researchers. A report issued on Feb. 23 by a cadre of environment and economics researchers suggested that Kenya should ban the common plastic bag that one gets at the checkout counter of grocery stores, and place a levy on other plastic bags, all to combat the country’s environmental problems stemming from the bags’ popularity.

Posted: August 6th, 2018 by

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