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, May 23, 2006Israeli troops have captured Ibrahim Hamad, the leader of the military wing of the Islamic Group Hamas in the West Bank town of Ramallah. Israel accuses the 41-year-old Hamad (who has headed the Izzedine al- Qasam brigades in the West Bank since 2003) of masterminding a string of suicide bombings including attacks on cafes and universities in Jerusalem. Hamas, which has launched some of the biggest attacks against Israel, declared an informal truce 15 months ago. Since then, Hamas also won the palestinian parliamentary elections in January of this year.

The raid (which was executed early this morning) involved Israeli troops, jeeps and a bulldozer. Eye-witnesses say the soldiers surrounded a row of shops in which Hamad was hiding and threatened to demolish the building if he did not come out. The bulldozer then proceeded to ram the iron doors of the shops, after which Hamad emerged and surrendered. The Israeli troops then ordered him to strip to make sure he was unarmed. After this, he was arrested and taken away in his underwear.

Hamad had been wanted by Israel since 1998, he was arrested by the Palestinian Authority but was released in 2002 during a major Israeli offensive in the West Bank. The BBC’s correspondent in Jerusalem, Caroline Hawley says it is not clear why Israel moved against Hamad since Hamas has not carried out any attacks for over a year. Israeli operations in the past few months have been concentrated against the more active group Palestinian Islamic Jihad.

Sunday, July 27, 2008

Australian Transport Safety Bureau announced that an oxygen cylinder which was located near the area of the explosion on Qantas flight QF30 from London, England to Melbourne, Australia was unaccounted for but said that it was too early to say that an oxygen cylinder could be the cause of the mid-air explosion. It did say it had ruled out explosives as a cause stating that they “found no indication of explosives”.

The Civil Aviation Safety Authority has ordered Qantas to check all oxygen cylinders and the brackets which hold them on its Boeing 747s, but hasn’t ruled out that the order will be extended to all of the Qantas fleet.

Friday, March 11, 2005

A defendant on trial for rape in Atlanta, Georgia reportedly stole a deputy sheriff’s handgun and used it to shoot the judge, court reporter, and two deputies Friday morning. Three people were killed and one was wounded.

Fulton County Superior Court Judge Rowland W. Barnes has been confirmed dead along with the court reporter and one of the deputies. After the shootings, the suspect reportedly attempted to carjack several cars in a bid to escape. He attempted to carjack a green Honda Accord with license plate 6584-YN, from a newspaper reporter, but eventually fled by other means. The reporter in question, Don O’Briant from the Atlanta Journal-Constitution, was beaten by the suspect but was fortunate to receive only cuts to his face and a broken face from a fall.

The car was listed as being used by the suspect in public alerts across the area before it was realised that the car was in fact still in the garage of the courthouse.

The suspect has been identified as Brian Nichols, 34, who was facing a retrial for rape and kidnapping after the first trial ended with a hung jury. Police are desperately searching for Nichols, as he is considered armed and dangerous.

The suspect reportedly stole the handgun by overpowering a deputy sheriff while he was being taken into the courtroom by the deputy, said Assistant Police Chief Alan Dreher. He then shot and critically wounded the female deputy, went to the courtroom where his trial was due to take place, and held about a dozen people at bay there before killing the judge and court reporter. He later shot and killed another deputy outside.

The deputy from whom Nichols stole the handgun is now sedated and in critical condition after surgery and has a bruise in her brain, according to Jeffrey Salomone, an attending trauma surgeon at Grady Memorial Hospital. Although she was shot in the head, the bullet did not penetrate her skull, said Salomone.

Monday, August 21, 2006

A report by the International Water Management Institute (IWMI) says rising demand for irrigation to produce food and biofuels will aggravate scarcities of water. “One in three people is enduring one form or another of water scarcity,” states the report compiled by 700 experts.

IWMI warns there has to be a radical transformation in the management of water resources – citing as examples Australia, south-central China, and last year’s devastating drought in India. Report authors claim that the price of water could double or triple over the next two decades. The report, backed by the United Nations and farm research groups, shows that globally, water usage had increased by six times in the past 100 years and would double again by 2050 – driven mainly by irrigation and demands by agriculture.

Record oil prices and concerns about rapid onset climate change are driving more countries to produce biofuels – from sugarcane, corn or wood – as an alternative to fossil fuel. “If people are growing biofuels and food it will put another new stress,” says David Molden, who led the study at the Sri Lanka-based IWMI. “The big solution is to find ways to grow more food with less water. Basically, more crop per drop,” Molden said. “The number one recommendation… is to look to improve rain-fed systems in Sub-Saharan Africa and South Asia.”

The report says conquering hunger and coping with an estimated 3 billion more humans by 2050 will result in an 80 percent increase in water use for agriculture. Irrigation absorbs around 74 percent and is likely to surge by 2050.

“We will have to change business as usual in order to deal with growing scarcity,” said Frank Rijsberman, director general of the IWMI, of the report released at the 2006 “World Water Week” conference in Stockholm. Solutions included helping poor countries to grow more food with available fresh water via simple, low-cost measures, a shift from past policies that favoured expensive dams or canals, the report said.

According to Rijsberman, there are two types of shortages: those observed in regions where water is over-exploited, causing a lowering of groundwater levels and rivers to dry up; and those in countries lacking the technical and financial resources to capture water – despite its abundance.

Billions of people in Asia and Africa already faced water shortages because of poor water management, he said. “We will not run out of bottled water any time soon, but some countries have already run out of water to produce their own food,” he said.

The report said that a calorie of food took roughly 1 litre of water to produce, with a kilo of grain needing only 500-4,000 litres compared to a kilo of industrially produced meat taking 10,000 litres.

“Without improvements in water productivity the consequences of this will be even more widespread water scarcity and rapidly increasing water prices.” Rijsberman said water scarcity in Africa was caused by a lack of infrastructure to get the water to the people who needed it. “The water is there, the rainfall is there, but the infrastructure isn’t there,” Rijsberman told reporters.

Other recommendations for certain regions include the extension and the improvement of agriculture using rainwater, the introduction of cereal varieties that need less water as well as the development of irrigation systems.

But the priority, Rijsberman stresses, is to change mentalities and often outdated government policies. “Government policies and their approach to water are probably the most urgent that need changing in the short term,” he said.

There is, he says, enough land, water and human capacity to produce enough food for a growing population over the next 50 years, but one of the challenges is to provide enough water for agriculture without damaging the environment. “Agriculture is driving water scarcity and water scarcity is driving environmental degradation and destruction,” he said.

In Australia last week, Rijsberman said he would “not be surprised to see the price of water double or triple over the next two decades.”

Thursday, April 26, 2012

Former President of Liberia Charles Taylor was today found guilty of aiding and abetting war crimes by the Special Court for Sierra Leone in The Hague, Netherlands. Taylor was acquitted of actually ordering the offences or being part of a joint enterprise to conduct them.

The eleven-count indictment produced a four-year trial that heard allegations of rape, murder, sexual slavery, cannibalism, arms dealing, “blood” diamond trade, and use of child soldiers. Prosecution witnesses totalled 94 whilst the defence had 21 including the accused. Taylor spent his seven months of evidence claiming he was a peacemaker.

The allegations date to civil war in Sierra Leone, which ran from 1991 to 2002. Taylor, who had been a warlord since the ’80s, backed the rebel Revolutionary United Front (RUF). Taylor was elected Liberian president in 1997 after a different civil war concluded.

Six years later he was ousted when an arrest warrant was issued and fled to Nigeria. He was arrested there in 2006 whilst again trying to flee. Taylor, who had been facing a rebellion against him since 1999 in Liberia, had received training from Libyan ruler Colonel Muammar Gaddafi’s regime.

Testimony included claims that Taylor-backed fighters adorned roads with human intestines and ate human flesh. One claimed to have seen Taylor himself eat human liver, something Taylor denied. One described asking RUF rebels to sever his only hand in exchange for his young son’s life.

Further allegations said teenage children were involved in the fighting and that Taylor sold illegally mined diamonds to finance arms purchases for the RUF. Western celebrities Naomi Campbell, a model, and Mia Farrow, an actress, described an incident at a charity dinner held by Nelson Mandella, then South Africa’s head, in 1997. Campbell and Farrow said Taylor gifted Campbell a number of diamonds. Taylor is claimed to have ordered seizure of Sierra Leone’s diamond deposits by RUF soldiers.

It was claimed in court that child soldiers were used in conflict, as diamond mine guards, and to carry out amputations. Allegations of forced amputation were made.

The court, which has spent a year considering its verdicts, unanimously found Taylor guilty. It ruled Taylor knew at least from 1997 the full extent of RUF activities in Sierra Leone, and that he helped bankroll activities dealing in blood diamonds. A judge said more than a thousand youngsters had ‘RUF’ carved into their skin to prevent escape. From the moment he receives the full judgement Taylor has two weeks in which to file an appeal.

Human Rights Watch and Amnesty International welcomed the verdict, which is the first conviction of a head of state before an international court since the Nuremburg trials prosecuted Nazi leaders after World War Two. Karl Dönitz was convicted after he took brief control of Germany in the aftermath of Adolf Hitler’s suicide.

Former President of Yugoslavia Slobodan Milosevic faced trial but died before a judgement was handed down. Laurent Gbagbo, once Presldent of the Ivory Coast, is in custody at The Hague awaiting trial before the International Criminal Court. Taylor joins eight other Special Court convicts, all of whom are from Sierra Leone. He is the first African ruler to appear in The Hague.

The Special Court was formed jointly by Sierra Leone’s present administration and the United Nations.

The Netherlands agreed the process could be held there on the condition Taylor did not serve sentence there if convicted. He is expected to be sent to the UK, where Foreign Office has promised to uphold an agreement to imprison him there made by ex-Foreign Secretary Margaret Beckett.

Monday, December 19, 2005

In a radio speech from the White House on 17 December 2005, President Bush acknowledged that in the weeks following 9/11 he had “authorized the National Security Agency [NSA], consistent with U.S. law and the Constitution, to intercept international communications of people with known links to al Qaeda and related terrorist organizations.”

President Bush said that the government establishes a clear link to terrorist networks before intercepting these communications, adding that the purpose of the program is to “detect and prevent terrorist attacks against the United States and our allies.”

Stating that terrorists inside the United States were communicating with terrorists abroad before the 9/11 attacks, President Bush said that the authorization he gave the NSA “helped address that problem in a way that is fully consistent with my constitutional responsibilities and authorities.”

Secretary of State Condoleezza Rice said that established procedures requiring court approval were simply not quick and flexible enough to respond to the urgency of the terrorist threat, and to allow the administration to eavesdrop on highly mobile targets in order to disrupt potential plots.

Before Bush’s secret order, such wiretaps were obtained through the Foreign Intelligence Surveillance Act (FISA) of 1978. It prescribes procedures for requesting judicial authorization for electronic surveillance and physical search of persons engaged in espionage or international terrorism against the United States on behalf of a foreign power. FISA also allows the Attorney General to grant permission for emergency wiretaps without a warrant, with retroactive application being made within 72 hours. Historically, the vast majority of applications are accepted without modifications by FISA. For example in the 2004 report of FISA to Congress it is noted that the number of approved warrants with substantive modifications was 94 out of a total of 1758 while 5 applications were rejected.

House Intelligence Committee Chairman Peter Hoekstra defended Bush’s authorization of the surveillance program and to bypass the FISA. Chairwoman of the Homeland Security and Governmental Affairs Committee Senator Susan Collins announced a call on the NSA for a “full briefing” about the program, and said that the program’s authority needs to be clarified. House Minority Leader Nancy Pelosi said Bush’s radio address raised “serious questions as to what the activities were and whether the activities were lawful.”

The President noted that the NSA activities are reviewed “approximately every 45 days.” He added: “During each assessment, previous activities under the authorization are reviewed. The review includes approval by our nation’s top legal officials, including the attorney general and the counsel to the president.” All people involved in the periodic review are members of the executive branch.

Bush also said that NSA’s activities under this authorization are thoroughly reviewed by the Justice Department and NSA’s top legal officials, including NSA’s general counsel and inspector general, adding that “leaders in Congress have been briefed more than a dozen times on this authority and the activities conducted under it.” Members of Congress from both parties are now calling for congressional hearings to learn more.

The president concluded by saying that “this authorization is a vital tool in our war against the terrorists. It is critical to saving American lives. The American people expect me to do everything in my power under our laws and Constitution to protect them and their civil liberties.”