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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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At least 40 dead after string of attacks in Pakistan

Friday, October 16, 2009

Pakistani officials have said that five attacks on government sites across the country have killed at least forty people. The latest attack occurred late on Thursday at a government residential area in Peshawar. Officials said they suspect Taliban militants for being responsible for the attacks.

Authorities said that the situation in the eastern city of Lahore was under control, following separate attacks on the country’s Federal Investigation Agency (FIA) and two police training centers.

Gunmen with at least one suicide jacket stormed the FIA building at mid-morning. The FIA is an agency responsible for investigating matters relating to terrorism and immigration. Early last year, the building was the target of a suicide truck bomb that killed more than 20 people.

“Reportedly, four men attacked the FIA building and initial reports are that two of them have been killed,” said the provincial interior secretary, Nadeem Hassan Asif Punjab.

Soon after the assault on the FIA began, gunmen targeted two police training centers on the outskirts of Lahore. In the suburb of Manawa, gunmen targeted a center that militants attacked earlier this year. In the other incident, attackers with suicide jackets in Bedian climbed over a wall to gain access to the Elite Force Training Center. It took several hours before security forces were able to gain control of all the sites.

Reportedly, four men attacked the FIA building and initial reports are that two of them have been killed.

The attacks in Pakistan’s east took place hours after a suicide car bomber targeted a police station at a garrison town about an hour’s drive from the northwestern city of Peshawar.

Speaking to local media, Pakistani Interior Minister Rehman Malik said intelligence agencies had expected attacks on security sites in the country and that authorities will remain on high-alert. He said the recent violence shows the militants want to bring the frontlines from Pakistan’s violent northwest to Punjab province.

On Saturday, militants with ties to Punjab, as well as the South Waziristan tribal region, assaulted the Pakistani army’s headquarters in Rawalpindi.

Pakistani intelligence officials believe the attacks are a reaction to the military’s raids on South Waziristan. The military is expected to launch a full-scale assault on Taliban militants in the region bordering Afghanistan.

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U.S. Postal Service running out of money

Wednesday, March 25, 2009

Tensions are running high at the U.S. Postal Service as it faces an enormous budget shortfall. Even after announcing it was cutting 3,000 jobs, the beleaguered government agency is still quickly running out of money.

Postmaster General John Potter asked the United States Congress for help on Wednesday, once again bringing up the possibility of reducing mail delivery from six to five days a week. The service reduction would save approximately $3.5 billion this year.

Another way to cut costs could include changes to how it pays for its employee retirement plan, which would save a further $2 billion. Closing small and rural post offices is another possibility that has been discussed.

Many measures have already been taken to stem the agency’s losses. Construction of new facilities has been put on hold and existing ones put up for sale, millions of man-hours have been cut, and executive salaries have been frozen.

House Oversight Post Office Subcommmittee chairman Stephen F. Lynch (D-Mass.) has expressed reluctance with the plan to reduce service, saying “With the Postal Service facing budget shortfalls the subcommittee will consider a number of options to restore financial stability and examine ways for the Postal Service to continue to operate without cutting services.”

Other than cost cutting, Congress could also appropriate taxpayer dollars to fund the struggling Postal Service, which currently does not rely on public funding outside of a subsidy for international voting mail and services for the blind.

If nothing is done, the USPS will soon run completely out of money, and may be unable to pay many of its bills. Salaries are the agency’s highest priority to continue paying, though other debts may have to wait to be paid, said Potter. Last year the Postal Service lost $2.8 billion.

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Canada to legalise marijuana to ‘make it more difficult for kids to access’

Sunday, April 16, 2017

In order to put the cannabis drug (marijuana) out of reach of minors, the Canadian federal government announced a bill to legalise cannabis for the age group of eighteen and above, on Thursday. The bill would allow adults to possess cannabis publicly, previously a criminal offence.

Canada’s health minister Jane Philpott tweeted, “Today we tabled new legislation to legalise, strictly regulate, and restrict access to cannabis. Our goal: keep it out of the hands of youth, and profits out of the hands of criminals.”((fr))French language: Ajd nous avons déposé un nouveau projet de loi pour légaliser le cannabis, le réglementer de manière stricte et en restreindre l’accès. Notre objectif: garder le cannabis hors de la portée des jeunes, & les profits hors des mains des criminels. The Canadian government, via their official website, explained cannabis is available illegally, and their measures to stop it did not work. Criminal organisations are making money selling cannabis. Under-aged people can obtain the drug easily; they said, “it is easier for our kids to buy cannabis than cigarettes.”

The bill allows provinces and territories to set the age limit above eighteen. In order to prevent criminal gangs from making a profit, selling the drug needs a license permitting its sale. Adults can purchase the drug online from a licensed producer if a retail shop is not available in the province.

Adults can carry up to 30 g (slightly over an ounce) of cannabis and grow at most four cannabis plants at home, for personal use. The plants should be no taller than a metre, the bill proposed. Selling cannabis to minors would be a specific criminal offence.

The legislation requires parliamentary approval and royal assent. If passed, the bill would be under effect by July 2018, the government said. Health and safety experts and law enforcement were consulted before proposing the legislation. Except for medical purposes, possession of the drug remains illegal until the bill is passed. Regardless of the status of the bill, import and export of the drug would be illegal.

Previously when the government increased the taxes on cigarettes to discourage citizens from smoking, a black market for cigarettes developed.

Along with legalising cannabis, the bill would also permit the police officials to use tools like oral fluid drug screeners to detect if drivers are under the influence of the drug. Zero tolerance against drivers under influence of drugs is proposed. The government would also implement a public awareness campaign on the perils of driving under the influence of drugs.

The government still working on the restrictions. Lawmaker and former police chief Bill Blair said, “We do accept that more important work remains to be done.” If the bill is passed, Canada would be the second country to legalise cannabis completely. Uruguay is the first. Some countries, such as Germany, allow medical use of cannabis, but recreational use is prohibited.

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Cleveland, Ohio clinic performs US’s first face transplant

Thursday, December 18, 2008

A team of eight transplant surgeons in Cleveland Clinic in Ohio, USA, led by reconstructive surgeon Dr. Maria Siemionow, age 58, have successfully performed the first almost total face transplant in the US, and the fourth globally, on a woman so horribly disfigured due to trauma, that cost her an eye. Two weeks ago Dr. Siemionow, in a 23-hour marathon surgery, replaced 80 percent of her face, by transplanting or grafting bone, nerve, blood vessels, muscles and skin harvested from a female donor’s cadaver.

The Clinic surgeons, in Wednesday’s news conference, described the details of the transplant but upon request, the team did not publish her name, age and cause of injury nor the donor’s identity. The patient’s family desired the reason for her transplant to remain confidential. The Los Angeles Times reported that the patient “had no upper jaw, nose, cheeks or lower eyelids and was unable to eat, talk, smile, smell or breathe on her own.” The clinic’s dermatology and plastic surgery chair, Francis Papay, described the nine hours phase of the procedure: “We transferred the skin, all the facial muscles in the upper face and mid-face, the upper lip, all of the nose, most of the sinuses around the nose, the upper jaw including the teeth, the facial nerve.” Thereafter, another team spent three hours sewing the woman’s blood vessels to that of the donor’s face to restore blood circulation, making the graft a success.

The New York Times reported that “three partial face transplants have been performed since 2005, two in France and one in China, all using facial tissue from a dead donor with permission from their families.” “Only the forehead, upper eyelids, lower lip, lower teeth and jaw are hers, the rest of her face comes from a cadaver; she could not eat on her own or breathe without a hole in her windpipe. About 77 square inches of tissue were transplanted from the donor,” it further described the details of the medical marvel. The patient, however, must take lifetime immunosuppressive drugs, also called antirejection drugs, which do not guarantee success. The transplant team said that in case of failure, it would replace the part with a skin graft taken from her own body.

Dr. Bohdan Pomahac, a Brigham and Women’s Hospital surgeon praised the recent medical development. “There are patients who can benefit tremendously from this. It’s great that it happened,” he said.

Leading bioethicist Arthur Caplan of the University of Pennsylvania withheld judgment on the Cleveland transplant amid grave concerns on the post-operation results. “The biggest ethical problem is dealing with failure — if your face rejects. It would be a living hell. If your face is falling off and you can’t eat and you can’t breathe and you’re suffering in a terrible manner that can’t be reversed, you need to put on the table assistance in dying. There are patients who can benefit tremendously from this. It’s great that it happened,” he said.

Dr Alex Clarke, of the Royal Free Hospital had praised the Clinic for its contribution to medicine. “It is a real step forward for people who have severe disfigurement and this operation has been done by a team who have really prepared and worked towards this for a number of years. These transplants have proven that the technical difficulties can be overcome and psychologically the patients are doing well. They have all have reacted positively and have begun to do things they were not able to before. All the things people thought were barriers to this kind of operations have been overcome,” she said.

The first partial face transplant surgery on a living human was performed on Isabelle Dinoire on November 27 2005, when she was 38, by Professor Bernard Devauchelle, assisted by Professor Jean-Michel Dubernard in Amiens, France. Her Labrador dog mauled her in May 2005. A triangle of face tissue including the nose and mouth was taken from a brain-dead female donor and grafted onto the patient. Scientists elsewhere have performed scalp and ear transplants. However, the claim is the first for a mouth and nose transplant. Experts say the mouth and nose are the most difficult parts of the face to transplant.

In 2004, the same Cleveland Clinic, became the first institution to approve this surgery and test it on cadavers. In October 2006, surgeon Peter Butler at London‘s Royal Free Hospital in the UK was given permission by the NHS ethics board to carry out a full face transplant. His team will select four adult patients (children cannot be selected due to concerns over consent), with operations being carried out at six month intervals. In March 2008, the treatment of 30-year-old neurofibromatosis victim Pascal Coler of France ended after having received what his doctors call the worlds first successful full face transplant.

Ethical concerns, psychological impact, problems relating to immunosuppression and consequences of technical failure have prevented teams from performing face transplant operations in the past, even though it has been technically possible to carry out such procedures for years.

Mr Iain Hutchison, of Barts and the London Hospital, warned of several problems with face transplants, such as blood vessels in the donated tissue clotting and immunosuppressants failing or increasing the patient’s risk of cancer. He also pointed out ethical issues with the fact that the procedure requires a “beating heart donor”. The transplant is carried out while the donor is brain dead, but still alive by use of a ventilator.

According to Stephen Wigmore, chair of British Transplantation Society’s ethics committee, it is unknown to what extent facial expressions will function in the long term. He said that it is not certain whether a patient could be left worse off in the case of a face transplant failing.

Mr Michael Earley, a member of the Royal College of Surgeon‘s facial transplantation working party, commented that if successful, the transplant would be “a major breakthrough in facial reconstruction” and “a major step forward for the facially disfigured.”

In Wednesday’s conference, Siemionow said “we know that there are so many patients there in their homes where they are hiding from society because they are afraid to walk to the grocery stores, they are afraid to go the the street.” “Our patient was called names and was humiliated. We very much hope that for this very special group of patients there is a hope that someday they will be able to go comfortably from their houses and enjoy the things we take for granted,” she added.

In response to the medical breakthrough, a British medical group led by Royal Free Hospital’s lead surgeon Dr Peter Butler, said they will finish the world’s first full face transplant within a year. “We hope to make an announcement about a full-face operation in the next 12 months. This latest operation shows how facial transplantation can help a particular group of the most severely facially injured people. These are people who would otherwise live a terrible twilight life, shut away from public gaze,” he said.

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Holocaust survivor publicly forgives 93-year-old Auschwitz guard during his trial

Thursday, April 30, 2015

On Friday, Eva Mozes Kor, a 81-year-old Auschwitz concentration camp survivor, publicly forgave and embraced 93-year-old former SS guard Oskar Gröning, who is currently on trial in Germany as an accessory to 300,000 murders of Jews at Auschwitz.

Kor, who was among many Jews medically experimented on at Auschwitz, has thanked Mr Gröning for answering to the crimes he aided during his time as an Auschwitz guard.

Kor is amongst a number of Auschwitz survivors attending the trial who have joined the prosecutors as co-plaintiffs in the case against Mr Gröning. While Kor has forgiven Mr Gröning, she still holds him liable for his involvement during the Holocaust, as she did last week when she testified against him. Other survivors have recently spoken out about the trial; survivor Eva Pusztai-Fahidi said on Tuesday the trial itself against a former SS guard matters more than the end punishment.

During the first day of Mr Gröning’s trial, he denied any direct role in the killings, though he did admit to having witnessed them. Mr Gröning said he shared “moral guilt” for the crimes, regardless of whether his actions make him criminally guilty.

The prosecutors have argued that serving as a concentration camp guard is legally accessory to the act of murder. Mr Gröning is reportedly one of three remaining former SS guards that have been identified for trial. If found guilty, the former SS Guard could reportedly face up to fifteen years in prison.

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Colleges offering admission to displaced New Orleans students/AL-KY

See the discussion page for instructions on adding schools to this list and for an alphabetically arranged listing of schools.

Due to the damage by Hurricane Katrina and subsequent flooding, a number of colleges and universities in the New Orleans metropolitan area will not be able to hold classes for the fall 2005 semester. It is estimated that 75,000 to 100,000 students have been displaced. [1]. In response, institutions across the United States and Canada are offering late registration for displaced students so that their academic progress is not unduly delayed. Some are offering free or reduced admission to displaced students. At some universities, especially state universities, this offer is limited to residents of the area.

Contents

  • 1 Overview
  • 2 Alabama
  • 3 Alaska
  • 4 Arizona
  • 5 Arkansas
  • 6 California
  • 7 Colorado
  • 8 Connecticut
  • 9 Delaware
  • 10 District of Columbia
  • 11 Florida
  • 12 Georgia
  • 13 Hawaii
  • 14 Idaho
  • 15 Illinois
  • 16 Indiana
  • 17 Iowa
  • 18 Kansas
  • 19 Kentucky
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Woman returns home with Christmas turkey, a month after setting out

Tuesday, January 19, 2010

A Scottish woman who set out before Christmas to purchase a turkey finally made it home on Monday, after being cut off by snow for a month. Kay Ure left the Lighthouse Keeper’s cottage on Cape Wrath, at the very northwest tip of Great Britain, in December. She was heading to Inverness on a shopping trip.

However on her return journey heavy snow and ice prevented her husband, John, from travelling the last 11 miles to pick her up. She was forced to wait a month in a friend’s caravan, before the weather improved and the couple could finally be reunited.

They were separated not just for Christmas and New Year, but also for Mr Ure’s 58th birthday. With no fresh supplies, he was reduced to celebrating with a tin of baked beans. He also ran out of coal, and had to feed the couple’s six springer spaniels on emergency army rations.

“It’s the first time we’ve been separated”, said Mr Ure in December. “We’ve been snowed in here for three weeks before, so we are well used to it and it’s quite nice to get a bit of peace and quiet.”