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.



Tuesday, January 31, 2012

Queen Elizabeth II, the British monarch, has today withdrawn and annulled a knighthood given to Fred Goodwin in 2004, heeding the advice given to her by a forfeiture committee. Goodwin is the former chief executive at the Royal Bank of Scotland Group (RBS) and was awarded his knighthood by the British government of the time for services to banking. The committee concluded “that widespread concerns about Fred Goodwin’s decision meant that the retention of a knighthood for services to banking could not be sustained.”

Goodwin was chief executive of RBS when they purchased ABN AMRO, a Netherlands bank, in 2007. The British government subsequently bailed out RBS for £45 billion, amidst the late-2000s financial crisis.

British prime minister David Cameron stated about the annulment: “The proper process has been followed and I think we’ve ended up with the right decision.” Cameron and Ed Miliband, UK Leader of the Opposition, both believed Goodwin’s knighthood should be removed. Miliband called it “the start of the change we need in our boardrooms.”

Liberal Democrat leader and Deputy PM Nick Clegg considered it to be the “right decision”. “[A]ppropriate” was the word George Osborne, Chancellor of the Exchequer used to describe it. “RBS came to symbolise everything that went wrong in the British economy in the last decade,” Osborne stated. Alex Salmond, First Minister of Scotland stated the title was given “for services to banking which could not therefore be sustained”, calling the decision “correct”.

Goodwin does not have the right to appeal against the decision, nor had the right to provide the forfeiture committee with any representations. The monarch holds sole responsibility for withdrawing all knighthoods; on this occasion Elizabeth II followed the advice of the committee, who decided to recommend the withdrawal to her. The Cabinet Office announced the advice had been given to the queen on the understanding that “Goodwin had brought the honours system in to disrepute”.

Speaking of the “exceptional case”, the committee explained: “In 2008, the government had to provide £20 billion of new equity to recapitalise RBS and ensure its survival and prevent the collapse of confidence in the British banking system. Subsequent increases in government capital have brought the total necessary injection of taxpayers’ money in RBS to £45.5 billion.” The committee understood that “Fred Goodwin was the dominant decision maker at RBS at the time.”

Until this announcement, criminal conviction and professional expulsion were the only causes for which individuals had their knighthoods revoked.



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Pyorrhea Signs and Symptoms of Pyorrhea

by

Corwin Brown

Pyorrhea or periodontitis refers to an advanced stage of periodontal disease in which the ligaments and bones that support the teeth become inflamed and infected. It is usually a result of gingivitis, a periodontal disease that infects the gum through plaque leading to the formation of a pocket between the teeth that trap the plaque. If left untreated, pyorrhea can cause halitosis (bad breath) in which the jaw bone is slowly eroded due to painful and bleeding gums. Eventually, the loss of tooth support can cause tooth loss, and this disease is the primary cause of tooth loss in adults. In order for this stage to be avoided, those with pryorrhea should contact their periodontist for treatment.

As pyorrhea progresses, a patient sees receding gums, loose teeth, red inflamed gums and pus. This condition is an infection in the gums and most of the available treatment is aimed at getting rid of the infection. It can get significantly worse with increased stress, poor nutrition, poor oral hygiene, and loose poor fitting dentures.

The onset of the disease is marked by bleeding of the gums. As the disease proceeds, the gums recede from the teeth, loosening of the teeth occurs, and the bone supporting the teeth is resorbed. Pus is discharged from pockets in the gums, which are formed as the jawbone recedes from the roots of the teeth. Pyorrhea, known medically as pyorrhea alveolaris, is most common in persons over 40. There are numerous possible causes, toward which therapy is directed, including poor nutrition, poor oral hygiene, ill-fitting dentures, and irritation of the tissues by dental tartar.

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Signs and Symptoms of Pyorrhea

The signs of the pyorrhea appearance: Bleeding of the gums, gingival itchiness (this itch sensation of discomfort) and gingival reaction (after the clinical examination) and the osseous reaction (after the radiologic examination).

The symptoms of the attack of the bacilli were said to be receding and bleeding gums and loosening teeth. Such symptoms are those of early pyorrhea. In this disease, if the process continues, the gums become infected and ooze pus and blood. The teeth themselves eventually become riddled with decay. The end result of the process is loss of teeth because they have to be extracted, or because they fall out.

Epilepsy, pyorrhea, mental subnormality symptoms usually refers to various symptoms known to a patient, but the phrase Alopecia, epilepsy, pyorrhea, mental subnormality signs may refer to those signs only noticable by a doctor.

Wrong feeding habits like use of white bread and sugar, excess meat; injury to the gums and supporting structures by improper use of toothpicks, stagnation of food particles, wrong brushing and physical and chemical irritation in the mouth, allergy, pregnancy, use of pill and prolonged tension are other factors.

Almost everyone seems to feel calcium is essential in the matter of tooth decay, but few see the importance of calcium in the eating away of the jawbone that supports their teeth. Incidentally, pyorrhea is sometimes called arthritis of the teeth.

The symptoms of pyorrhea are inflammation of the gums, loosening of the teeth. Microbes multiply” in the opening between the tooth and gums and create pus pockets, ulcers, abscesses. Finally the tooth is attacked. The disease is usually considered incurable.

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Wednesday, October 17, 2007

The American satirist Stephen Colbert has announced that he will run for the Presidency of the United States. He made his announcement on his mock news show The Colbert Report.

However, Colbert said that he would only run in his home state of South Carolina as a favorite son. He also said that he would represent both major political parties: the Republicans and the Democrats. It is not known how far Colbert will go with his character during his electoral run.

Colbert has hosted The Colbert Report, a spin-off to another satirical television series, The Daily Show, since its creation in 2005. “I didn’t have a job back then. I wonder what it was like to have a job back then. I am sure I could ask a dentist or a surgeon. He would know.” On the show he plays a right-wing political pundit, based on real-life pundits such as Bill O’Reilly and Stone Phillips. Colbert has been credited with popularizing certain words such as “Truthiness”, meaning to believe something intuitively, without regard for actual facts, logic or evidence.

Filling in for New York Times columnist Maureen Dowd on Sunday, Colbert wrote: “I am not ready to announce yet — even though it’s clear that the voters are desperate for a white, male, middle-aged, Jesus-trumpeting alternative.”



Wednesday, October 21, 2009

Talks between Iran and three other countries continued on Wednesday in Vienna, Austria, as they try to work out a deal that will ease tensions over Iran’s controversial nuclear program. Diplomats from Iran, Russia, France, and the United States began the third day of talks at the headquarters of the International Atomic Energy Agency (IAEA).

Talks stalled on Tuesday, after Iran expressed resistance to aspects of the proposal, in which it would send most of its low-enriched — or below weapons- grade — uranium to Russia and France for further refinement, to be later used as reactor fuel.

The IAEA’s ambassador to Iran, Ali Asghar Soltanieh, described the ongoing consultations as being “constructive”.

Iranian Foreign Minister Manouchehr Mottaki said that Iran is opposed to France’s involvement, accusing the country of failing to deliver nuclear supplies in the past. “There is Russia, America […] I believe these countries are enough,” Mottaki said. “France, based on its shortcomings to fulfil its obligations in the past, is not a trustworthy party to provide fuel for Iran.”

Mottaki also added that an agreement would not mean that Iran would suspend its enrichment activity. “Iran will continue its uranium enrichment. It is not linked to buying fuel from abroad. The meetings with world powers, and their behaviour, shows that Iran’s right to have peaceful nuclear technology has been accepted by them,” he said.

IAEA chief Mohamed ElBaradei said on Tuesday that progress was being made and that technical issues still needed to be analysed. He said an agreement was still within reach. “I believe we are making progress. It is maybe slower than I expected. But we are moving forward,” he said.

ElBaradei added that while “many technical issues” had to be considered, talks were still “moving forward”.

US National Security Council spokesman Mike Hammer said that US and Iranian delegations held separate discussions on the proposed uranium enrichment deal, under the auspices of the IAEA.

A diplomat familiar with the Vienna talks said the parties now are considering a compromise deal that would allow Russia to sub-contract enrichment work to France, thereby meeting Iran’s request to avoid direct dealings with the country. The enrichment deal would be intended to ease concerns that Iranian uranium enrichment activities are aimed at developing nuclear weapons.

Meanwhile, the United Nations Security Council recently imposed three sets of sanctions on Iran for its refusal to halt its enrichment activities.



Submitted by: Wilson Comley

For some psychic advisors the fancy pictures depicted within the many variations of tarot decks accessible today appear to detract in the fundamental messages. For such viewers, a back again-to-basics approach that has been applied throughout the ages by gypsies employs anything most men and women have in their houses. It can be a deck of common playing cards, which can be accustomed to conduct one thing akin to tarot readings, but not specifically the identical.

Now, wait a minute, a tarot deck has 78 cards, and actively playing decks have only 52 cards. The significant difference is that the browsing will arise without the need of most of your key arcana, except for your joker, exactly where he signifies the fool. The playing cards on their own are largely relational in their meaning, which can be similar to tarot readings.

One reason audience might desire enjoying playing cards is for those that have to live in some diploma of obscurity, who need to hide their artwork in simple sight. Right after all, most men and women may well just as well assume that everyone with a enjoying deck is just establishing a sport of solitaire, or perhaps that they like black jack or poker. For numerous, nevertheless, it really is not which they wish to necessarily cloak their demo, but somewhat deflect the vitality of people who appear to instantly be attracted to your reader, to prevent disruptions for the duration of a perusing. So, this strategy also makes it possible for for some diploma of peace and peaceful, because the energy by some means maintains extra obscurity towards the reader, simply because it really is significantly less more likely to pique people today’s curiosity.

The last factor anyone demands during a perusing is interruptions. The strategy is always to overlook in regards to the system, and enter the spiritual realm through the equipment of divinity that enable the clearest channel of information. For some pros, it is a classic Rider-Waite deck, and for other experts, holding their favourite gemstone gets them inside flow. As aided by the tarot decks, the Minor Arcana fits are as follows, together with the pentacles becoming signified by diamonds; the wands depicted through the clubs; the cups shown via the hearts; and the swords signified through the spades. The jacks execute a two-fold part of both equally the knight along with the sheet.

For the exact same explanation it might really be an excellent way for new visitors to put together a “think” with the which means of every credit card likewise. The explanation is that you will find no normal images that indicate photographs of what each credit card may well necessarily mean. Some audience basically favor a regular enjoying deck for this motive. Many are channeling as they throw lower a unfold, and merely acquiring the credit card and its strength is adequate, without really seeing what plays out determined by what appears on the credit card.

Add to this that they’ve the relationship in between the card’s range and their positional which means, combined with the suit, placed along in the spread, and it tells the entire story. It would make an image which the reader may perhaps collect intuitively or as a result of their channel arrive alive fully.

Let’s see what the playing cards have in keep available for you!

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Thursday, January 28, 2010

The International Air Transport Association (IATA) said on Wednesday that 2009 was the “worst year” that the airline industry has ever seen since 1945.

“In terms of demand, 2009 goes into the history books as the worst year the industry has ever seen,” said IATA boss Giovanni Bisignani. “We have permanently lost 2.5 years of growth in passenger markets and 3.5 years of growth in the freight business.”

According to the group, passenger traffic was down by 3.5% compared to a year earlier, and freight by 10.1%. The group estimated that the airline industry lost a total of US$11 billion in 2009 last year, and will lose another $5.6 billion in 2010.

Airlines in Africa had the biggest passenger demand drop, at 6.8%; North American airlines and Asian carriers had demand go down 5.8%. European airlines saw a drop of 5%. Middle Eastern and Latin American carriers, however, had rises in demand, with gains of 11.3% and 0.3%, respectively. According to the Agence France-Presse news agency, part of the reason Middle Eastern carriers performed better is because of their position between Asia, Africa, and Europe, resulting in more connecting flights through hubs.

“While both North American and European carriers saw demand improvements in the first half of the year, the second half was basically flat,” said IATA.

IATA represents 230 airlines, accounting for 90% of scheduled air traffic, although some budget carriers are not included.

The IATA boss said that, although the worst appeared to be over due to the global economic recovery airlines would have to keep their costs low. “Revenue improvements will be at a much slower pace than the demand growth that we are starting to see,” he noted.

“Profitability will be even slower to recover and airlines will lose an expected 5.6 billion dollars in 2010. The industry starts 2010 with some enormous challenges. The worst is behind us, but it’s not time to celebrate. Adjusting to 2.5 to 3.5 years of lost growth means that airlines face another spartan year, focused on matching capacity carefully to demand and controlling costs,” Bisignani continued.

Costs for security were also an issue. Bisignani said: “Governments and industry are aligned in the priority that we place on security. But the cost of security is also an issue. Globally, airlines spend US$5.9 billion a year on what are essentially measures concerned with national security. This is the responsibility of governments, and they should be picking up the bill.”

Analysts, however, say that cost cutting measures, intended to attract more customers, would also harm airline profits. Saj Ahmad, an independent airline analyst, commented: “Continued fare wars between airlines mean that yields and profitability will be low. Airlines are struggling to fill their airplanes and discounted ticketing has done little to alleviate the pressures on their costs,” as quoted by the BBC.

“Capacity has come out of the global airline system, but until a few airlines perhaps exit the industry through bankruptcy or mergers, there is still a very long road until we see serious stability, let alone growth,” Ahmad added.



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Thursday, March 4, 2010

Two passengers on a Mediterranean cruise ship were killed by a rogue wave on Wednesday. The incident occurred off the north-east coast of Spain. The ship, named the Louis Majesty, had left from Barcelona, Spain and was headed for Genoa, Italy.

The giant wave broke the windows on deck five of the ship, resulting in two fatalities as well as another fourteen injuries. The two victims were German and Italian citizens. Following the incident, the ship returned to Barcelona. The ship, carrying over 1300 passengers, is expected to continue its journey after the injured are moved from the ship for treatment.

According to French officials, there had been no previous trouble with the ship. The waves were believed to have been 26 feet (8 meters) high. The ship is 660 feet (200 meters) long, and had 732 cabins onboard.



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