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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What Does The New Stretch Code Bridgewater Ma Say

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byalex

The Stretch code Bridgewater MA allows for more energy-efficient buildings, and each town in Massachussets is allowed to modify their individual building code for energy efficiency. For contractors and others, complying with the new stretch code is a big frustration, especially considering that a nearby town .

The code can also causes a lot of confusion. The new stretch code has a variety of different requirements that buildings in Bridgewater MA must meet.The stretch code sets new standards for building insulation. Instead of simply allowing the buildings to only be insulated through traditional means, the buildings must now meet tougher minimum standards for R-value for insulation. Materials are also identified with R-value only according to the standards.

Also, the new stretch code mandates energy efficiency performance testing to make sure that all of the buildings are performing in accordance with the stretch code. Bridgewater has a stringent stretch code, and the only way to verify that the electrical standards are in line with the new standards is through testing.

The stretch code is specifically designed to provide a better standard for making sure that all important building codes are met without a lot of frustration and interference on yur part.

A building inspector is required to submit all relevant documentation to the county inspection company. As such, to make sure that the new stretch code is valid, it is important that the inspector is able to work with the builder in order to get the job done in a timely manner.It also allows for remodelling of existing homes to meet the new standards. Remodeled homes must be brought up to the new stretch code in order to be marketable and to be usable.

Documentation is also required so that you can obtain a building permit. Once the permit is obtained, it has to meet section 405 in order to be valid. This is arguably one of the most difficult parts of meeting the stretch code. Duct testing, blower door sealing, and other important tasks must also be completed. If you need to comply with the new code, don’t hesitate to contact a building company today.

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Apple unveils new Intel-based Mac

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Apple unveils new Intel-based Mac

April 24, 2018 · Filed under Uncategorized

Wednesday, January 11, 2006

Apple Computer announced on Tuesday the first generation of their products to use Intel processors. The iMac and the new MacBook Pro – a notebook computer replacing the PowerBook – are said to be up to four times faster than their predecessors (up to two times faster in the iMac, four times for the MacBook.)

These new lines of computers have been set up to support the newest collection of Mac software entitled iLife, which has added internet publication software to its high-end graphics, video, and sound tools.

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Che Guevara’s ”Motorcycle Diaries” companion dies

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Che Guevara’s ”Motorcycle Diaries” companion dies

April 24, 2018 · Filed under Uncategorized

Wednesday, March 9, 2011

Alberto Granado Jiménez, the Argentinian biochemist who was Che Guevara’s companion on his transformative motorcycle trip through South America, died in Havana on Saturday, reported Cuban state television. He was 88 and died of natural causes.

The politically active Jiménez met Ernesto “Che” Guevara, then a medical student, in Hernando, Argentina where Guevara had gone to play rugby. Both were intellectually curious and interested in exploration. In 1951 they set out on an eight-month motorcycle trip through South American that exposed them to the poverty in which most South Americans lived. The pair worked in a leprosy colony and met wtih destitute miners and indigenous people. Both men kept diaries which served as the basis for the 2004 film, The Motorcycle Diaries, produced by Robert Redford and directed by Walter Salles.

According to the Guardian, “Their road trip awoke in Guevara a social consciousness and political convictions that would turn him into one of the iconic revolutionaries of the 20th century.” The trip is widely believed to have inspired Guevara to go to Cuba and join Fidel Castro in his 1959 revolt against Cuban dictator Fulgencio Batista.

By the time the two men met again eight years later, Guevara was a revolutionary hero and chief of Cuba’s central bank. Jiménez, who had remained in Argentina working in a clinic, accepted Guevara’s invitation to move to Cuba in 1961 and founded a medical facility in Santiago. Later he moved to Havana where he continued his medical work. The two remained friends although they did not always agree. Jiménez rejected Guevara’s belief that social reform in Latin America had to be accomplished through guerrilla warfare.

The book The Motorcycle Diaries was published in the 1990’s. Jiménez said of the book that it inspired the image of the young Che as a romantic figure.

Jiménez authored the book Traveling with Che Guevara: The Making of a Revolutionary, published in 2003.

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Mother of another Brazilian soccer player kidnapped

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Mother of another Brazilian soccer player kidnapped

April 24, 2018 · Filed under Uncategorized

Wednesday, March 23, 2005

Brazil – The mother of Brazilian soccer player Rogério has been kidnapped. According to Brazilian Sports website Gazeta Esportiva, the kidnapping occurred the night of Monday, March 21, in Campinas, 83,5 km (51.88 miles) of São Paulo.

Police did not release further details. According to recent reports, three armed men kidnapped Inês Fidélis Régis, the mother of Rogério, who plays in Sporting Clube de Portugal.

This is the fourth kidnapping of a soccer player’s mother in the last four months. On February 23, Ilma de Castro Libânio, 51, the mother of the Brazilian soccer player Edinaldo Batista Libânio, 25, known as Grafite, was kidnapped.

On November 6, 2004, the mother of Robson dos Santos, or Robinho, was kidnapped. On March 11, the mother of Brazilian soccer player Luis Fabiano was kidnapped by criminals, also in Campinas. The mother of Fabiano is still missing. The other hostages were released and are well.

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Modern Bedroom Furniture In Manhattan And Getting The Floor Space For Your Workouts

April 24, 2018 · Filed under Furniture

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byAlma Abell

Were you excited to take the job transfer and move to the city? Perhaps, you had heard how small the apartments are, but it is an entirely different story when you see it in person, and you are wondering where you will do your workouts. For this reason, you need to maximize the space by using the right Modern Bedroom Furniture In Manhattan. For example, by purchasing a custom made Murphy bed, you will only have the bed down when needed. Thus, when the bed is up, you can use the area to exercise in. This is the best way to maximize floor space.

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If you love to do floor exercises, and you were wondering where you would ever find the room to work out in your apartment, now you know the answer. You will find the floor space you need in your master bedroom. This means that you do not have to worry about doing your exercises in the living room and moving the furniture around. This is the best way to solve your problem and get your workout too.

When it comes to Modern Bedroom Furniture In Manhattan, there is nothing more elegant looking. So, when your bed is up, no one will even know it is a bed. It will look like a piece of fine furniture. However, when it down, your master bedroom will look warm and inviting. That is truly something to get excited about. Further, with all of this in mind is time to go shopping.

Are you concerned about getting the right style in terms of colors and function? Do not be. The best custom Murphy beds are what you need. Further, you will find the best service by going to Manhattan Cabinetry. Talk to the consultant today. Tell him how large your master bedroom is and how you want the furniture to look. He will be thrilled you came in, and he will listen to your wishes. Further, you will love the completed look and how easy the bed can be folded up or down. So, make your plans today and visit the best store in the city. You will be glad that you did.

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Author of My Billion Year Contract reflects on life in elite Scientology group

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Author of My Billion Year Contract reflects on life in elite Scientology group

April 23, 2018 · Filed under Uncategorized

Thursday, January 14, 2010

Wikinews interviewed author Nancy Many about her book My Billion Year Contract, and asked her about life working in the elite Scientology group known as the “Sea Org“. Many joined Scientology in the early 1970s, and after leaving in 1996 she later testified against the organization. Published in October, Many’s book has gone on to become one of the top selling new books on Scientology at Amazon.com.

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Obama signs healthcare bill for 9/11 emergency workers

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Obama signs healthcare bill for 9/11 emergency workers

April 23, 2018 · Filed under Uncategorized

Monday, January 3, 2011

Yesterday, United States President Barack Obama signed into law a five-year benefit package to provide healthcare treatment for emergency workers including police, firefighters, and rescue workers affected by illness and respiratory problems contracted while working at the site of the World Trade Center attacks in New York City on September 11, 2001.

The bill—the James Zadroga 9/11 Health and Compensation Act, which is named after a police officer who died of a respiratory illness he got during a rescue operation at the World Trade Center — will provide $4.2 billion over the next five years. This money will be raised by increasing a levy on foreign companies that win procurement contracts from the United States government.

The new legislation also provides new funding for the September 11th Victim Compensation Fund, a federal program for victims of the attacks.

President Obama signed the bill in Kailua, Hawaii, where he is staying on vacation. In a statement, Obama said: “We will never forget the selfless courage demonstrated by the firefighters, police officers and first responders who risked their lives to save others. I believe this is a critical step for those who continue to bear the physical scars of those attacks.”

The law was the only one that passed through Congress during the lame-duck session in December, with some Republican opposition. New York Senators and Congressmen have praised the passage of the measures.

“The heroes who rushed to Ground Zero in the hours and days after the attacks will not be forgotten. These first responders were like veterans, and this law keeps with a time-honored tradition of standing by our veterans when they get harmed answering the call.” said Charles Schumer, Democratic Senator from New York. He also vowed to “begin work immediately to make sure this law gets renewed for another five years”.

New York Republican congressman Peter T. King said that “Justice is finally being served”, and that the passing of the law marked “A great day for America.”

Democratic congresswoman Carolyn B. Maloney said that “The Zadroga law will save lives and fulfills our moral obligation to care for those who rose to the defense of America in a time of war.”

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Five South Korean workers kidnapped from Nigerian natural gas facility

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Five South Korean workers kidnapped from Nigerian natural gas facility

April 23, 2018 · Filed under Uncategorized

Thursday, June 8, 2006

Five South Korean workers have been kidnapped from a natural gas facility operated by Shell Petroleum Development Company in the Nigerian Delta.

A group called the Movement for the Emancipation of the Niger Delta is claiming responsibility for the attack and kidnappings and says that one kidnapper and at least six Nigerian soldiers were killed on a Nigerian military boat, when gunmen entered the facility. The group’s main demand is the release of a jailed militia leader, Mujahid Dokubo-Asari.

“[The Korean workers] are in good health and have been returned to one of our bases. As long as the units holding these individuals do not come under attack, no harm will come to the prisoners. We do not kill those fortunate to be captured by our fighters,” said the group.

The group also says that they “plan more attacks” on facilities and oil rigs in the near future.

“In the next few weeks our attacks will increase with the destruction of several facilities of crucial importance to the oil industry,” said the group.

One of the kidnapped victims is identified as Park Chang-am.

“I want Dad to come back so we can go fishing,” said the son of Chang-am, Park Myong-il.

 This story has updates See Five kidnapped South Korean natural gas plant workers released, June 8, 2006 

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Borsa Donna: Wonderful Italian Handbags Collection}

April 23, 2018 · Filed under Jewellery

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Submitted by: Kellie Purden

If you are looking for some high quality borsa donna that wont put a hole in your pocket, Giulia is the place to go. Good quality handbags that are also less expensive than designer bags are hard to find nowadays. Most good quality handbags are designer pieces that are often out of many peoples league. Also, most of the inexpensive handbags we have nowadays are poor in quality. Most of the time, you will be able to use them a few times and then they die: ripped straps, shedding leather, stains and the likes. But with Giulia, you can have a handbag that is not just stylish but also good quality and less expensive.

Giulia takes pride in making handbags that are made out of real, genuine leather. Thus, you are sure such handbags are durable and sturdy. Also, they make sure that each item they have are at par with designer handbag standards to ensure client satisfaction. If you are looking for the perfect borsa donna or womens handbag, you dont have to look further as Giulia is here to offer you that.

The company caters to a wide range of style preference. They have classic designs, dainty and feminine, as well as bold and striking. All of which beg to differ and each piece surely demands attention from people. One of their most striking pieces is the Handbag Leather Totora. If you are a fan of the oh-so-famous Hermes Birkin bag, then you will definitely love this one even more as it is sold for a fraction of the cost of Hermes.

This bag aims to be noticed. Who wouldnt upon seeing how the cow leather is polished to perfection and the texture? If you like handbags that are perfectly structured and appropriate for the workplace, then this bag is the one for you. It is large enough to carry a handful of things that you might need for your work while at the same time keeping you looking polished, elegant and business-appropriate. It measures 34cm in width, 26cm in height and 16 cm in length. It also comes with a shoulder strap that is not adjustable but long enough for you to carry as a shoulder bag. The straps measure 99cm long. It also comes with bag handles that measure 12 cm long for when you want to carry it as a handbag. There are also a bunch of add-ons and compartments which makes it a very functional and organized bag to have. It has one large compartment for all your essentials, another main zipper pocket inside and one side zipper. It also comes with a leather phone holder to secure and protect your mobile phone. There is another zipper pocket located at the back for storing essential items that you need to find immediately.

This style of borsa donna is definitely one that every working women ought to have. It is very functional with a bunch of compartments as well as a large main compartment that can hold much of your work essentials. It is also a timeless piece that you can wear over and over again ensuring that you get your moneys worth.

About the Author: Are you looking for more information on borsa donna? Visit

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for more info!

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