News briefs:May 21, 2006

The time is 17:00 (UTC) on May 21st, 2006, and this is Audio Wikinews News Briefs.

Contents

  • 1 Headlines
    • 1.1 Violence escalates in Afghanistan
    • 1.2 Iran stands defiant on Uranium enrichment
    • 1.3 Militants target rally in Srinagar
    • 1.4 Professionals and students continue strike in New Dehli
    • 1.5 300 Vietnamese fishermen rescued after record China typhoon
    • 1.6 Pair extradited and charged over Granville, Sydney shootings
    • 1.7 Ray Nagin re-elected New Orleans mayor
    • 1.8 Snowy Hydro Scheme to go public
    • 1.9 Missing BC girl found safe
    • 1.10 ‘Naked Guy’ Andrew Martinez dies
    • 1.11 Finnish metal band win 51st Eurovision Song Contest
  • 2 Closing statements

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.

News briefs:August 17, 2006

The time is 18:00 (UTC) on August 17th, 2006, and this is Audio Wikinews News Briefs.

Contents

  • 1 Headlines
    • 1.1 Indonesian health officials investigating possible human to human transmission of H5N1 Bird Flu virus
    • 1.2 Overnight battle for Sri Lanka’s Jaffna peninsula
    • 1.3 House fire in Buffalo, N.Y. leaves two families homeless
    • 1.4 Federal judge rules warrantless wiretaps illegal
    • 1.5 Liverpool’s elected officials call in the Police
    • 1.6 New Zealand army Unimog crash leaves one solider dead
    • 1.7 Man confesses to 1996 murder of JonBenet Ramsey
    • 1.8 Body of missing New Zealand student found
  • 2 Closing statements

When Planning A Retirement Strategy You Need To Set Goals}

Submitted by: Brenda Cyr

When you first consider planning retirement strategy, you probably think of buying new golf clubs, or maybe listing all the places you want to travel to. While these are a good start, you need to consider how you will spend your time when you aren’t heading out the door to work every morning.

Retirement can be the most active part of your life. You have the time to travel, or pursue hobbies that you never had the time for while you were working. When you properly plan your retirement strategy, you’ll find that retirement gives you the freedom to explore everything that life can offer. To prepare for a great retirement, you need to set goals to make sure you stay on track. But not all retirement goals involve money.

One important aspect of planning for your retirement is your health. You can start today planning to have a healthier body. You might enroll in a Yoga class, or start taking a daily walk around your neighborhood. If you need to lose some weight, you can develop a plan for that as well. You want to be as healthy as possible when you retire, so you won’t be limited in what you can do once have the time to start enjoying your life. So one of your first goals could be to maintain or improve your overall health and fitness.

If you have been neglecting getting medical checkups, and visiting your dentist? Start now to keep regularly scheduled visits with your doctor and dentist. This will help you stay in top shape and might help you get reasonable health insurance rates as you get older.

Another important area you might want to look at is your friendships and social relationships. Once you retire, you won’t have the day to day conversations around the water cooler that you enjoy with your colleagues. Start making time for friends and family, even if it is just a quick call or a once a week lunch meeting. This will keep you in touch with the people that you care about, and help make sure they are there for you when you have the time to spend with them. Another important goal is to keep in contact with the people that are important to you.

Planning your retirement strategy also means getting control of your finances, and keeping track of where your money is going. You need to keep a detailed list of all your assets, your benefit plans, social security, and any other sources of income you might have when you retire. You will also need to know where your money goes, so you need a detailed list of all your liabilities such as debts, loans, etc. Financial goals are the most common when planning a retirement strategy.

Take the time to sit down and envision your perfect retirement. Think about the things you want to do, and who you want to do them with. Planning a retirement strategy is about looking into the future to see how much health, money and companionship you’ll need to live the way you want.

About the Author: Are you really ready to retire? I’ve collected the information you need to enjoy the retirement you deserve.Get our free report- How to Supercharge Your Retirement. Visit

RetirementPlanningHandbook.com

Source:

isnare.com

Permanent Link:

isnare.com/?aid=218756&ca=Finances}

News briefs:August 5, 2010

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U.S. develops parks above highways

Tuesday, February 20, 2007

In big cities, finding land for new parks is less of an expedition than an all-out land-rights battle with property owners. But some cities across the U.S. have found a slightly easier way to add to their greenspace. By utilizing the state’s air rights to the space above freeways that run below at ground level, cities can acquire 5 or 10 acres of parkspace essentially for free, such Freeway Park which occupies 5.5 acres above a freeway in downtown Seattle.

Of course, this free “land” is actually nothing more than open air above a freeway, requiring cities to pay the high construction costs of capping the roadway with land.

Such projects are currently being planned in St. Louis, Cincinnati, Dallas and San Diego. A recent article in Governing Magazine looks at more than two dozen highway deck parks that have been built or are under construction in the U.S. The article finds that even though the price of constructing parks on top of freeways can rise upwards of $500 per square foot, property values and local development boom once they are completed.

Canada’s Don Valley West (Ward 25) city council candidates speak

Friday, November 3, 2006

On November 13, Torontonians will be heading to the polls to vote for their ward’s councillor and for mayor. Among Toronto’s ridings is Don Valley West (Ward 25). Three candidates responded to Wikinews’ requests for an interview. This ward’s candidates include John Blair, Robertson Boyle, Tony Dickins, Cliff Jenkins (incumbent), and Peter Kapsalis.

For more information on the election, read Toronto municipal election, 2006.

Hit The Road With Travel Trailers In Des Moines

Click Here For More Specific Information On:

byAlma Abell

Heralding summer’s return is baseball games, fishing, barbecues, kids playing outdoors, and the highways filling with travel trailers. Travel trailers come in all sizes, shapes, and styles. Some are the no-frills type that are pragmatic and down-to-earth, others are built to accommodate large families or groups, and then there are the elite that are citadels of extreme luxury. America is in love with this mobile house that is towed behind an automobile, allowing the passengers to take all the sweet comforts of home with them anywhere.

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Choosing a travel trailer is as personal as picking out a new car. It should fit the need and personality of the user. But whatever size or style of Travel Trailers in Des Moines is chosen, there are some common tips for a travel trailer’s usage and maintenance. First, keep the weight inside the trailer as even as possible to allow more control of the trailer and prevent swaying. Next, check the hitch set up. The hitch weight standard must be able to handle the gross weight of the trailer. Remember to adjust the breaking distance for the trailer. The added weight and size of the trailer requires a greater breaking distance. And the greatest tip of all be sure to learn how to handle the trailer on the road which includes backing up, making turns, parking and dealing with high winds.

There is such a wide variety of choices of Travel Trailers in Des Moines that making a choice may take a bit of research. Be sure to have some idea of the budget for purchasing either a new or used trailer along with what level of accommodations will be needed or wanted. If searching online, use the Click Here links to get dimensions of the trailers, see pictures, and probably check out a few ratings and reviews. Choose the right trailer for the trips that will be taken to insure that the trailer meets the expectations of the travelers. If the common tips are followed and regular maintenance is done, a travel trailer can give endless hours and years of summer fun.

Australian senator to oppose petrol deregulation

Monday, May 15, 2006

Australian senator Barnaby Joyce (Nationals, Queensland) has moved to oppose the government’s planned changes to the country’s petrol retail industry. The National Party, of which Senator Joyce is a member, governs Australia in coalition with the Liberal Party.

The government plans to amend regulations governing the petrol industry to allow oil companies to own more than five percent of petrol stations. Senator Joyce has given notice to disallow regulations that would force the government to debate them in the House of Representatives and the Senate.

Senator Joyce said the proposed changes would hurt the smaller retailers in the industry. “What we need is protection for independents and mum and dad businesses,” he told the Australian Financial Review.

Senator Joyce is concerned that the proposed regulations would start takeovers of smaller retailers by oil companies. “Obviously the sites they’re going to get are the sites that are controlled by independents or independent franchisees, what I would term the mum and dad operators,” he said.

“In 1980 we thought it was a good thing for there to be wider participation in the retail market by mum and dad operators and I still think that’s a just cause,” said Senator Joyce.

It is not the first time Senator Joyce has gone against his party’s legislation. Senator Joyce refused to support a government bill changing Australia’s trade practices law in October 2005 and voted against voluntary student unionism legislation in December 2005.

Indian Premier Manmohan Singh undergoes heart bypass; Pranab Mukherjee takes charge

Sunday, January 25, 2009

Prime Minister Manmohan Singh received a successful coronary artery bypass surgery and was recuperating well in the state-run All India Institute of Medical Sciences (AIIMS) Sunday.

Dr. Manmohan Singh is the 17th and current Prime Minister of the Republic of India. He also serves as the Union Minister for Finance, succeeding P. Chidambaram.

“The 76-year-old Prime Minister is doing fine now. He is conscious, stable, comfortable and is making rapid progress. He also met his family and congratulated all doctors. [His] ventilator has been taken off and he is breathing on his own. This is an important step,” said Dr. Ramakant Panda, one of the surgeons, after the 11-hour procedure on Saturday.

According to critical care specialist Dr. Vijay D’Silva, who has been entrusted with his post-operative care, Singh has been given a liquid diet since morning including a cup of tea, and was speaking to doctors after the procedure. “The way you [doctors] are taking care of me, you should also take care of other people”, Dr. D’Silva, who received his basic medical training in Nagpur and headed the ICU at Mumbai’s Jaslok and Lilavati Hospitals before he helped set up the ICU at the ultra-modern Asian Heart Institute, quoted Singh as saying.

“We started the operation at 7:45 am. The second operation always takes longer and makes it difficult to reach the heart. We did a total of five by-passes to clear multiple blockages in his arteries. Surgery was the long term answer since there were many blockages. We will take the PM out of the breathing machine in the next 2-3 hours and the PM should stay for three days in the ICU and then 4-5 days more in the hospital,” Drs. Panda and D’Silva explained.

Singh’s personal physician and AIIMS cardiac surgeon, Dr. K. S. Reddy, has predicted the PM will be allowed to attend to some official work in two weeks, to most of the duties in four weeks and will be able to resume office in six weeks. “PM was sent to the Operation Theatre at 6:40 am, surgery was done at 8:45 am and was concluded at 7:30 pm. PM was sent back to the ICU at 8:55 pm,” said Dr. Reddy.

“The team has brought about 20 boxes of special equipment with it. Earlier, Dr. K. S. Reddy had discussions with Dr. Panda in connection with the line of treatment to be followed,” the team of 11 doctors said.

The team of surgeons made a 6 to 7 inch incision along the scar that marked the PM’s 1990 bypass operation, and he was given five grafts. “The new grafts, all 3 mm long, will last the PM the rest of his life,” said Dr. Pradyot Kumar Rath from the Asian Heart Institute. “If the PM could have been so active with all the blockages, he can be even more active now,” Dr Panda said.

Singh underwent a coronary angiography at the AIIMS hospital on Tuesday and Wednesday and was discharged on Thursday. The tests results revealed multiple arterial blockages and Singh returned to hospital on Friday for pre-surgery tests.

External Minister Pranab Kumar Mukherjee, age 73, has been given the charge of Finance Ministry after he held meetings with Congress President Sonia Gandhi and then Prime Minister Singh. Mukherjee said he would meet the Prime Minister because he was going for treatment and when he was abroad, Singh was in hospital. “These are quite natural things. You should not be unnecessarily worried over and coming here in large numbers,” he said.

Mukherjee has also taken charge over some prime ministerial responsibilities, while Singh recovers, officials and media reports said. But no acting prime minister has been named while Singh is recuperating. Mukherjee will also preside over Cabinet meetings and will further handle coal, environment and forests, including information and broadcasting and finance portfolios.

Pranab Kumar Mukherjee, a native of West Bengal, India, is the Minister for External Affairs of India in the Manmohan Singh-led Government of India. A prominent leader of the Indian National Congress in the 14th Lok Sabha, he is known to be a competent party apparatchik, “a prominent Gandhi family loyalist who did not win a popular election until 2004”.

Singh, a diabetic, underwent a bypass surgery in Britain in 1990 and had an angioplasty in 2004 in Delhi in which stents were introduced in his arteries. He had earlier been operated for a benign enlarged prostate in 2007, and for nerve compression in both wrists in 2006 and cataract removal procedure last year, officials said.

The Congress Party, which leads the coalition Government, has said that he will remain Prime Minister if Congress and its allies win again. But Congress is reportedly planning to replace him, possibly within two years, with Rahul Gandhi, the 38-year-old son of Sonia Gandhi, the Italian-born Congress leader. “Days are not far off for Rahul Gandhi to become Indian Prime Minister,” Mr Mukherjee said earlier this month.

Rahul is an Indian politician and member of the Parliament of India, representing the Amethi constituency. He is a member of the Nehru-Gandhi family, the most prominent political family in India. He is the son of current Italian-born Congress President Sonia Gandhi, and former Prime Minister Rajiv Gandhi, who was assassinated in 1991. Gandhi was 14 years old when his grandmother, Prime Minister Indira Gandhi, was assassinated by her security guards. His great-grandfather, Jawaharlal Nehru, was the first Prime Minister of India, and his great-great-grandfather Motilal Nehru was a distinguished leader of the Indian independence movement.