Author: Admin

Saturday, October 6, 2007

Brett McKenzie is running for the Green Party of Ontario in the Ontario provincial election, in the London North Centre 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.

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, January 10, 2010

Two people in Kenya died earlier today after a five-storeyed building under construction in the town of Kiambu collapsed. Four others were said to have been injured.

The incident occurred in the middle of the night, at 02:30 local time (23:30 UTC), on Sunday morning. The building was only a few metres from another building that collapsed in October of last year, killing thirty people.

The building is reported to have been condemned last year, when the authorities deemed it substandard. Preparations to demolish the building started yesterday, in accordance with a court order that required the building to be destroyed within thirty days.

One of the casualties from the accident was Maina Irungu, aged seventeen; the other hasn’t been identified. People wounded by the collapse were taken to the Kiambu District Hospital. The victims were all people who lived in houses near the collapsed building. Rescue operations are still ongoing, being conducted by the Red Cross, police, and military. Officials also ordered evacuation of two buildings in the vicinity when cracks were spotted on them, according to Capital FM Kenya.

This story in itself is reflective of a major infrastructure problem in Kenya, according to the BBC, China says it will give a US$7 million (£4.4m, €4.9m) grant to help fund infrastructure development projects in Kenya.

Thursday, June 4, 2009

The fourth annual Maker Faire took place this past weekend at the San Mateo Fairground in San Mateo, California located in the United States. The first Maker Faire, which took place in 2006, had approximately 20,000 people in attendance. This year, more than 80,000 people were expected to attend; quadruple the attendance of just four years prior. On Saturday night, it was reported that attendance was up considerably over last year’s event.

Maker Faire, the self-declared “World’s Largest DIY Festival”, offers a forum where hundreds of makers and crafters alike man booths where they display their work. In the main halls alone, there were hundreds of booths. Outside the expo halls, the surrounding area was also filled with many interesting projects, some of which were mobile. In addition to all of the projects on display, there were a number of on-stage presentations. The biggest presentation of the weekend was given by Adam Savage who spoke on the topic of his “Colossal Failures”. During his talk, the Fiesta Hall was filled to capacity.

The theme for this year’s fair was “Remake: America” after President Obama‘s call to “begin again the work of remaking America”. In addition, “going green”, alternative fuel vehicles, crafting, steampunk and sciences for the young, were common themes found throughout the fair.

Friday, August 10, 2012

After two days of mourning, the West African nation Ghana is giving its late president John Atta Mills a state and military burial today at Geese Park, a bird sanctuary near the seat of government, Osu Castle, along the Atlantic Ocean.

His mortal remains, which were moved from the Banquet Hall in Accra, currently lie in a Ghana flag-draped casket at Ghana’s Independence Square (Black Star Square). The burial ceremony is ongoing as thousands have gathered to bid him farewell.

Eighteen heads of state; President of the ECOWAS Commission, Kadre Quedraogo; and Hillary Clinton, US Secretary of State are among the dignitaries present for the ceremony.

The Chief Officiating Minister of the ceremony the Most Reverend Professor Emmanuel Asante, in an interview with Radio Ghana earlier, has congratulated Ghanaians for uniting to mourn the dead leader.

Mills was 68.

Saturday, December 19, 2009

Students at Benet Academy in Lisle, Illinois, United States raised record amounts of money this year during their Christmas Drive fundraiser.

The annual two-week event is aimed at promoting the Christmas spirit in helping the poor and needy. Coordination of the fundraiser is a joint effort by the faculty and three students organizations—Student Government, National Honor Society (NHS), and Outreach. Donations from previous years have allowed Outreach to provide food and Christmas gifts to dozens of families during the holiday season. NHS in the past has provided blankets, winter gear, and toys to local families as well.

A semi-formal dance held on Dec. 5 kicked off the Christmas Drive this year. Two weeks of in-school fundraising efforts ensued, including several no-uniform days and Benet’s traditional Penny Wars. In that four-day activity, the four grade levels competed against each other to see who can collect the most pennies. Nickels, dimes, and quarters were allowed but had negative value in the class total. The seniors won this contest, allowing them to have a no-uniform day on Dec. 11. Other activities such as bake sales and a beard-growing contest raised money as well.

During an all-school assembly on Friday, the last day of the drive, Student Government President Kyle Marinko announced that preliminary calculations put the amount of donations at US$53,392.82, a record for the school. Last year’s drive collected approximately US$42,000. A final total has not been officially announced, since Student Government officials continue to count additional donations that have been received.

Thursday, September 25, 2008

The FBI is investigating 26 firms and 1,400 individuals involved in the US financial crisis for fraud and “sub-prime lending practices”. Freddie Mac, Lehman Brothers, Fannie Mae and AIG are among the firms being scrutinized after recently receiving federal bailouts.

Investigators, who are cooperating with the IRS, Postal Office, and other federal offices to complete their investigation, are concerned that major corporations may have also forced or bribed ratings agencies to favor them.

The probe, which is in early stages, began eight months ago when the FBI began taking a close look at the mortgage industry and widespread irresponsible loaning practices. At least one corporation has been raided, but so far no evidence of fraud has been found.

The FBI has questioned executives of each of the firms closely, and arrested two in June. An anonymous source told The Times that the firms had been ordered to “hold all papers and e-mails under lock and key” as the FBI scours the finances of each firm.

Many of the companies and individuals being investigated are at the center of the nationwide financial crisis and controversial bailout plans, and have been widely blamed for the country’s financial crisis. The investigation has come at a time when the eyes of many in the US and around the world are turned towards the financial markets, as Congress and politicians scramble to fix the crisis while the election date looms closer.

Officials told CNN that it would be a long time before the investigations were finished, adding a warning: “Don’t expect indictments tomorrow or next week or next month”.