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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.

Saturday, March 28, 2009

The 108-floor central component of the new World Trade Center in New York City has been officially renamed 1 World Trade Center, ending the Freedom Tower moniker it had sported since 2003.

Freedom Tower was envisioned as a symbol of America’s victory over terrorism. It is currently on track for completion in 2013, with 10 floors partially finished so far.

Port Authority Chairman Anthony Coscia commented on the change, “It’s the one that is easiest for people to identify with — and frankly, we’ve gotten a very interested and warm reception to it.”

Former Governor George Pataki, who revealed the Freedom Tower name nearly six years ago, was critical of the switch, saying “The Freedom Tower is not simply another piece of real estate and not just a name for marketing purposes.”

1 World Trade Center has been the building’s legal name and address for the past two years, with the public change precipitated by the ramp up of construction and the commencement of lease marketing.

Mayor Michael Bloomberg seemed ambivalent to the change, saying “I would like to see it stay the Freedom Tower, but it’s their building, and they don’t need me dumping on it. If they could rent the whole thing by changing the name, I guess they’re going to do that, and they probably, from a responsible point of view, should. From a patriotic point of view, is it going to make any difference?”

The change was approved following the signing of a two-decades-long lease by a Chinese real estate company, which plans to occupy floors 64 through 69. Other future tenants include the U.S. General Services Administration and the New York State Office of General Services.

Sunday, November 11, 2007

It just wasn’t their day for the two baseball teams on either side of the Straight, as China Stars and Uni-President Lions were both eliminated in a route at the Konami Cup 2007. The final of Konami Cup will take place between SK Wyverns and Chunichi Dragons.

Saturday, March 1, 2008

While nearly all coverage of the 2008 Presidential election has focused on the Democratic and Republican candidates, the race for the White House also includes independents and third party candidates. These parties represent a variety of views that may not be acknowledged by the major party platforms.

Wikinews has impartially reached out to these candidates, throughout the campaign. We now interview independent Presidential candidate Frank Moore, a performance artist.

Monday, April 25, 2005

Australians and New Zealanders throughout the world stood still for their national war memorial days in remembrance of the failed Australian and New Zealand Army Corps — ANZAC — attack on Gallipoli, Turkey that began on 25 April 1915. The fateful attack was designed to end the First World War more quickly by creating a supply line to Russia. A hundred-thousand died in the battle, remembered every year as ANZAC Day by both nations.

The British-directed battle of Gallipoli is often seen as the defining moment in the ‘birth’ of Australia and New Zealand. With New Zealand Prime Minister Helen Clark saying “For New Zealand as for Australia it was at Gallipoli that our young nations came of age.” [1]. This being the 90th anniversary of the attack, Clark, Australian Prime Minister John Howard and Britain’s Prince Charles are all at Gallipoli to remember that fateful campaign.

Some controversy has been created about Australian Prime Minister John Howard not attending the New Zealand ceremony at Chunuk Bair on the Gallipoli Peninsula. This has upset many people as it is a break in a tradition that the Prime Ministers attend the ceremonies of both countries.

Friday, December 31, 2004

New York City — Actor Jerry Orbach died in his home in Manhattan at age 69. Orbach was a staple of American cinema, stage and television, with his most recent role being in the NBC police drama “Law and Order.”

Orbach is survived by his wife of 25 years, Elaine Cancilla, and his two sons Anthony and Christopher.

Orbach was born in the tough Bronx borough of New York City in 1935 to a family of entertainers. His father Leon Orbach was an vaudeville actor and his mother Emily Orbach was a radio singer and greeting card writer.

The family moved often to keep up with travelling Vaudeville acts, but eventually settled in Waukegan Illinois where Orbach played football at the local high school. After graduation, Orbach got a summer job at the Chevy Chase Country Club in Wheeling doing odd jobs ranging from stagecraft to small acting parts in plays.

He then studied drama at the University of Illinois before transferring to Northwestern where he studied the Stanislavsky Method of drama acting. In 1955, Orbach dropped out of college and moved to New York City where he got a job as an understudy in The Threepenny Opera.

Orbach continued to work in theater, eventually earning roles in broadway musicals, but by 1961 had grown dissatisfied with being typecast as a musical actor. He tried briefly to break into film without success, and eventually returned to broadway where he earned numerous accolades for his roles in such musicals as “Guys and Dolls” and “Chicago“.

Orbach finally broke into television in the 1980s as a recurring character in shows such as the mystery-drama “Murder She Wrote” and the hit sitcom “Golden Girls“.

He earned the lead role as the title character in his own short-lived series “The Law and Harry McGraw”, a spinoff of “Murder She Wrote”. Orbach also scored key roles in a few Hollywood films, including the action thriller “F/X”, and the dance-musical hit “Dirty Dancing”, but continued to find his mainstay in television crime dramas.

In 1990, he picked up a role in the new NBC crime drama “Law and Order” as the acerbic-witted Lennie Briscoe, a role which soon become a regular job. Orbach continued in this role in addition to movie roles and occasional musical appearances until his death this last week.

Orbach was diagnosed with Prostate cancer in Spring of 2004, a fact he kept private until November when he checked into New York’s Memorial Sloan-Ketting Cancer Center for treatment. In spite of the aggressive nature of the treatment, he died on the evening of December 28.

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 Beaches—East York (Ward 32). Four candidates responded to Wikinews’ requests for an interview. This ward’s candidates include Donna Braniff, Alan Burke, Sandra Bussin (incumbent), William Gallos, John Greer, John Lewis, Erica Maier, Luca Mele, and Matt Williams.

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