<div class=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.

Posted in Uncategorized
<div class=Ontario Votes 2007: Interview with Green Party candidate Russell Korus, Vaughan
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Ontario Votes 2007: Interview with Green Party candidate Russell Korus, Vaughan

Sunday, October 7, 2007

Russell Korus is running for the Green Party of Ontario in the Ontario provincial election, in the Vaughan riding. Wikinews’ Nick Moreau interviewed him regarding his values, his experience, and his campaign.

Stay tuned for further interviews; every candidate from every party is eligible, and will be contacted. Expect interviews from Liberals, Progressive Conservatives, New Democratic Party members, Ontario Greens, as well as members from the Family Coalition, Freedom, Communist, Libertarian, and Confederation of Regions parties, as well as independents.

Posted in Uncategorized
<div class=UK’s Conservatives promise an end to deficit by 2020, Human Rights Act repeal
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UK’s Conservatives promise an end to deficit by 2020, Human Rights Act repeal

Tuesday, October 1, 2013

Senior politicians in Britain’s Conservative Party pledged today to scrap the Human Rights Act, freeze fuel duty until 2015, and clear the UK’s deficit by 2020.

In a speech to the Conservative Party conference in Manchester, Chancellor of the Exchequer George Osborne said: “Provided we can find the savings to pay for it, I want to freeze fuel duty for the rest of this Parliament.” The fuel duty rise had been scheduled for next September. This announcement follows a similar cancellation of a planned fuel duty rise in the Chancellor’s March Budget which would have come into force in September.

Party aides said the plan would save motorists £750m a year, with petrol prices 20p a litre cheaper than they would have been if plans by Labour had been followed. Edmund King from The Automobile Association welcomed the announcement on fuel duty, but said: “it is worth remembering that every time there is a spike in fuel prices, the Chancellor brings in money due to the 20 per cent VAT [Value Added Tax] rate on petrol and diesel. This is not exactly a give-away, as even with a duty freeze the Chancellor is still raking in approximately 60 per cent of the pump price in duty and VAT.”

Osborne also announced that he intends to end the deficit by 2020 and wants to keep the nation’s finances at a surplus. This would be accomplished by a new round of cuts after the election amounting to £25 billion.

“So I can tell you today, that when we’ve dealt with Labour’s deficit, we will have a surplus in good times as insurance against difficult times ahead. Provided the recovery is sustained, our goal is to achieve that surplus in the next parliament. That will bear down on our debts and prepare us for the next rainy day. That is going to require discipline and spending control.”

Osborne’s speech also stated that the government intends to continue with reforms to the welfare system and to require those who have been unemployed for more than two years to take part in work placements in order to get benefits: “They will do useful work to put something back into their community; making meals for the elderly, clearing up litter, working for a local charity.”

Labour MP and Shadow Chief Secretary to the Treasury, Rachel Reeves, said Osborne’s fuel duty plans were “panicky” and an “aspiration” without funding. Reeves said of Osborne’s plans regarding the deficit: “nobody will believe a word he says”.

Home Secretary Theresa May told the conference that the next Conservative Party manifesto will commit to repealing the Human Rights Act 1998, backing a statement to the same end made by Prime Minister David Cameron in an interview over the weekend.

May argued that European human rights law had prevented the deportation of Abu Qatada to Jordan, and that the guarantee of a “right to a family life” had become a “free-for-all” for appeals against deportation. In addition to repealing the Human Rights Act, May raised the possibility of leaving the European Convention on Human Rights (ECHR) altogether. “The Conservative position is clear. If leaving the European convention is what it takes to alter our human rights laws, that’s what we will do.”

The Attorney General Dominic Grieve has expressed caution about plans to repeal the Human Rights Act or leave the ECHR, saying it “could be interpreted as a sign that Britain is not interested in creating a better world”.

“If we leave it then we have to take the international reputational consequences of doing so.”

The Conservatives have also faced questions about their relationship with the UK Independence Party (UKIP). Nigel Farage, leader of UKIP, attended the Conservative conference and raised the question of deals between UKIP and the Conservatives at a local level. A number of Conservative MPs have said that the Conservatives and UKIP should work together during the election including Bill Cash, Douglas Carswell, and Peter Bone.

Senior leaders in the Conservative Party have rejected any suggestion of working closer with UKIP. George Osborne said: “The only candidates who will stand for the Conservative party at the election are Conservative candidates – a sort of statement of the obvious.”

Mayor of London Boris Johnson joked of the UKIP deal suggestions: “you kip if you want to, David Cameron’s not for kipping”.

Posted in Uncategorized
<div class=Romania to host Junior Eurovision Song Contest in 2006
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Romania to host Junior Eurovision Song Contest in 2006

Thursday, October 6, 2005Romania has been chosen to host the Junior Eurovision Song Contest in 2006, according to a press release by the country’s government-funded broadcaster, TVR. According to the network, the Junior Eurovision will be held in Bucharest in November 2006, where it will be organised in a venue with a capacity of more than 6,000 seats. Romania’s successful bid has been confirmed by Svante Stockselius from the European Broadcasting Union.

The three countries shortlisted for the Junior Eurovision 2006 were Romania, Croatia, and the Netherlands. On October 4, however, it was announced that TVR had won the bidding process and the event would be held in Romania. The Junior Eurovision 2006 is the first Eurovision event to be held in Romania, and comes after Romania’s best ever result in the Eurovision Song Contest 2005, where it was ranked third.

The event will be co-financed by TVR and the European Broadcasting Union, with approximately 3.4 million Romanian lei (€1 million) being funded by the EBU.

The Junior Eurovision Song Contest was founded in 2003 and is open to constentants from across Europe ranging from eight to fifteen years of age. The 2005 event will be held on November 26 in Hasselt, Belgium, and will be attended by contestants from 17 countries, including Romania.

Posted in Uncategorized
<div class=Ontario Votes 2007: Interview with Green Party candidate Gordon Kubanek, Nepean Carleton
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Ontario Votes 2007: Interview with Green Party candidate Gordon Kubanek, Nepean Carleton

Tuesday, October 9, 2007

Gordon Kubanek is running for the Green Party of Ontario in the Ontario provincial election, in the Nepean-Carleton riding. Wikinews’ Nick Moreau interviewed him regarding his values, his experience, and his campaign.

Stay tuned for further interviews; every candidate from every party is eligible, and will be contacted. Expect interviews from Liberals, Progressive Conservatives, New Democratic Party members, Ontario Greens, as well as members from the Family Coalition, Freedom, Communist, Libertarian, and Confederation of Regions parties, as well as independents.

Posted in Uncategorized
<div class=Sony’s DRM protected CDs install Windows rootkits
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Sony’s DRM protected CDs install Windows rootkits

Tuesday, November 1, 2005

Mark Russinovich, of SysInternals.com, has discovered a so-called “rootkit” which is installed by Sony’s new digital rights management-protected music compact disks (CDs). A rootkit is a common name for malicious software that is used by computer criminals to hide their presence on a compromised computer. Rootkits frequently contain hidden files and are designed to be difficult for the user to detect and remove.

Russinovich classifies Sony’s rootkit as malware because it is alleged to introduce several serious security holes, one of which can be exploited to hide files and prevent the user from removing them. In particular, all executable files which begin with ‘$sys$’ are hidden when the software is installed. He points out that these security holes could be exploited by hackers, or other malware producers besides Sony.

Russinovich explains that naively removing the files will result in a crippling of the operating system on the user’s computer. He provides an explanation of the difficult step required to remove Sony’s malware.

Playing the same CDs on computers not running the Windows operating system, or on a non-computer based CD player remains safe. As removing Sony’s malware would violate the Digital Millennium Copyright Act‘s anti-circumvention provisions, ripping the CDs on computers running a non-Windows operating system may be the best legal and technically safe option for those who wish to listen to them under Windows.

The software is automatically installed when a Sony CD is played on a computer, and is not mentioned in their EULA. The rootkit has been commercially developed by First 4 Internet and licensed to Sony.

Other rights management techniques used by music publishers recently include breaking the Red Book compact disc standard format. This technique causes many CD players to not be able to play the new CDs, but also protects against casual ripping. Fiona Apple’s recent album release in the United States uses such technology.

Posted in Uncategorized
<div class=Several police officers killed in suicide bombing in Afghanistan
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Several police officers killed in suicide bombing in Afghanistan

Thursday, July 5, 2007

At least five to ten police officers in Afghanistan have been killed and at least 11 others were wounded after a suicide bombing in the southern part of the country in the town of Spin Boldak at a checkpoint.

Police officers were having lunch inside a room at the checkpoint when the bomber, who was also dressed in a police officer’s uniform, walked in and detonated his explosives. At least two rooms were destroyed, according to police.

“We were eating lunch around 1330, when a suicide attacker wearing police uniform entered the post and blew himself up,” said Bismillah Khan, commander of the local police in Spin Boldak who could only confirm that “five border police are killed and 11 are injured.”

No one has claimed responsibility for the attack.

Posted in Uncategorized
<div class=News briefs:February 01, 2008
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News briefs:February 01, 2008

Contents

  • 1 Wikinews News Brief [Date]
    • 1.1 Introduction
  • 2 Events of worldwide notability, military action, disasters etc.
    • 2.1 Violence takes place in Chad capital N’djamena as military and rebels clash
    • 2.2 High level al-Qaeda leader reported dead
    • 2.3 International manhunt for alleged kidney harvester
  • 3 Non-disastrous local events with notable impact and dead celebrities
    • 3.1 Envelopes containing white powder sent to Church of Scientology locations in southern California, USA
    • 3.2 Vermont town to vote on charging US President, Vice President of war crimes
  • 4 Business, commerce and academia
    • 4.1 Microsoft bids $44 billion for Yahoo!
  • 5 Arts and culture
  • 6 Frivolities and trivia
    • 6.1 Brechin thrown out of Scottish Cup after dispute
    • 6.2 Footer

[edit]

Posted in Uncategorized
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