Archive for January, 2019

20
Jan

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.

19
Jan

CanadaVOTES: Liberal Dr. Eric Hoskins running in Haldimand—Norfolk

On October 14, 2008, Canadians will be heading to the polls for the federal election. Liberal candidate Dr. Eric Hoskins is standing for election in the riding of Haldimand—Norfolk.

Wikinews contacted Dr. Eric Hoskins, to talk about the issues facing Canadians, and what they and their party would do to address them. Wikinews is in the process of contacting every candidate, in every riding across the country, no matter their political stripe. All interviews are conducted over e-mail, and interviews are published unedited, allowing candidates to impart their full message to our readers, uninterrupted.

For more information, visit the campaign’s official website, listed below.

19
Jan

Colleges offering admission to displaced New Orleans graduate students

See the discussion page for instructions on adding schools to this list.Tuesday, September 13, 2005

NAICU has created a list of colleges and universities accepting and/or offering assistance to displace faculty members. [1]Wednesday, September 7, 2005

This list is taken from Colleges offering admission to displaced New Orleans students, and is intended to make searching easier for faculty, graduate, and professional students.

In addition to the list below, the Association of American Law Schools has compiled a list of law schools offering assistance to displaced students. [2] As conditions vary by college, interested parties should contact the Office of Admissions at the school in question for specific requirements and up-to-date details.

The Association of American Medical Colleges is coordinating alternatives for medical students and residents displaced by Hurricane Katrina. [3]

ResCross.net is acting as a central interactive hub for establishing research support in times of emergency. With so many scientists affected by Hurricane Katrina, ResCross is currently focused on providing information to identify sources of emergency support as quickly as possible. [4]

With so many scientists affected by Hurricane Katrina, ResCross is currently focused on providing information to identify sources of emergency support as quickly as possible.

Physics undergraduates, grad students, faculty and high school teachers can be matched up with housing and jobs at universities, schools and industry. [5] From the American Association of Physics Teachers, the Society of Physics Students, the American Institute of Physics and the American Physical Society.

If you are seeking or providing assistance, please use this site to find information on research support, available lab space/supplies, resources, guidelines and most importantly to communicate with fellow researchers.

The following is a partial list, sorted by location.

Alabama |Alaska |Arizona |Arkansas |California |Colorado |Connecticut |Delaware |District of Columbia |Florida |Georgia |Hawaii |Idaho |Illinois |Indiana |Iowa |Kansas |Kentucky |Louisiana |Maine |Maryland |Massachusetts |Michigan |Minnesota |Mississippi |Missouri |Montana |Nebraska |Nevada |New Hampshire |New Jersey |New Mexico |New York |North Carolina |North Dakota |Ohio |Oklahoma |Oregon |Pennsylvania |Rhode Island |South Carolina |South Dakota |Tennessee |Texas |Utah |Vermont |Virginia |Washington |West Virginia |Wisconsin |Wyoming |Canada

19
Jan

Java creator criticizes .Net

Saturday, February 5, 2005

AustraliaJames Gosling, the creator of the Java programming language, said last week that he believes Microsoft is wrong in its decision to support C and C++ programming languages in the common language runtime in Microsoft .NET. According to him, this decision may lead to severe security flaws in .NET. Gosling is currently in Australia, giving talks and visiting friends.

According to Gosling, the problem lies with the programming languages and some of their characteristics: “C++ allowed you to do arbitrary casting, arbitrary adding of images and pointers, and converting them back and forth between pointers in a very, very unstructured way.”

The Java language was developed due to limitations of C++. Gosling began using C++ for the former Sun Microsystems‘s star-seven project. At that time Gosling concluded C++ was inadequate and created the Oak language. The Oak language would become the language known today as Java. The former star-seven project shares its defining characteristics with networked software applications today: safety and portability.

Gosling continues: “If you look at the security model in Java and the reliability model, and a lot of things in the exception handling, they depend really critically on the fact that there is some integrity to the properties of objects. So if somebody gives you an object and says ‘This is an image’, then it is an image. It’s not like a pointer to a stream, where it just casts an image.”

Charles Sterling, a Microsoft developer and product manager of the .NET framework, didn’t entirely disagree with Gosling’s thoughts. But he said that .NET defines different types of code. And there is the code which is managed by the .NET framework. All new Microsoft languages, such as C# and Visual Basic.NET, produce only code managed by the .NET framework, so they are safe.

A key idea that has not shown up in Gosling’s talk is that Java itself allows a very similar process to occur. Java’s JNI (Java Native Interface) allows the integration of the same unsafe code that prompted Gosling’s central thesis.

However, Gosling says languages like C and C++ can still produce unsafe code which would not follow the rules of safety of .NET. This sort of code, usually found in old software applications, requires additional .NET permissions to execute. Sterling says it is up to developers to decide whether or not to use unsafe code in their .NET applications.

18
Jan

UK Wikinews Shorts: March 14, 2010

A compilation of brief news reports for Sunday, March 14, 2010.

17
Jan

Reasons Automotive Oe Ms Choose To Use A Metal Stamping Service

bytimothyharvard

As vehicles become more complex in their design as well as in their function and performance, the demand for precision parts increases. In addition, with today’s automobiles and the number of parts, outsourcing to top companies is important for automotive OEMs to keep production costs low.

The complex to simple metal parts and components found in engines and in the body design of cars and trucks of today can be produced using a range of different methods. One of the most common choices for automotive OEMs is to turn to an experienced metal stamping service.

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The Process

For those unfamiliar with the process, a metal stamping service uses sheet metal that is forced through a die using high power presses. This may be done as a single pass through a die, or a set of progressive dies that continually refine the shape. The final result is a highly precise, complex part that is formed through an automated process very rapidly and without the need for any human or operator intervention.

As there is no heating and cooling of the metal, which occurs in both extrusion and machining processes, there are limited physical or property changes in the metal. Additionally, all elements of the formation of the party, including creating complex shapes and forming, can be done in the stamping process, without the need for secondary operations.

The Benefits

An experienced metal stamping service can work closely with an OEM to develop an expedient, highly precise process for forming the part to exacting, precision standards. Once this has been developed, the entire process can be automated, saving money and increasing the number of parts produced in a given time period.

This, along with the extremely limited waste and the ability to quickly produce high volume orders, makes this highly cost-effective without any sacrifice of quality or precision in the final product.

16
Jan

Gunman commits suicide at University of Texas

Tuesday, September 28, 2010

A man wearing a ski mask and carrying an assault rifle apparently killed himself in the library of the University of Texas in Austin, Texas earlier today.

The university was placed under lockdown and all classes were canceled as a result of the incident. Nobody else was hurt, but police are still looking for a possible second gunman. Art Acevedo, the chief of Austin police, said that officials are also considering the possibility of explosives left by the suspect. Armored vehicles were seen moving around the campus in response to the event, as well as {{w|SWAT team|SWAT teams}, bomb-sniffing dogs, and police helicopters. An ambulance was seen around 9:00 a.m. CDT (1400 UTC) at the University of Texas’ Perry-Castaneda library.

The school’s website included a notice this morning, which read: “The person involved in this morning’s shooting on campus has been confirmed dead on the sixth floor of the Perry-Castaneda Library from an apparent self-inflicted gunshot wound. Law enforcement are searching for a second suspect. If you are off campus, STAY AWAY. If you are on campus, lock doors, do not leave your building.” The gunman was reportedly killed by a self-inflicted gunshot wound, and no shots had been fired by law enforcement officials.

The shooter has not yet been identified, and the reason behind the incident is not yet known. Witnesses described the man as wearing a dark suit and ski mask, and carrying an assault rifle. Randall Wilhite, a professor at the university, said that he heard gunshots while going to class and saw the suspect heading toward the library just after 8:00 a.m. CDT (1300 UTC). The gunman appeared to be firing shots randomly. “When I pulled up in my car, he stood right in front of me and didn’t stop running but turned in my direction, fired three shots into the ground to the left of my car and kept running,” said Wilhite. The gunman had the chance to shoot students, added Wilhite, but he did not appear to be targeting them.

The school, which has around 50,000 students, sent out an alert around that time warning students to stay where they were. Robby Reeb, a senior at the school, said that “a guy sprinted past me screaming, ‘There’s a guy with a gun.’ I looked up and saw a man in a ski mask, wearing a suit, and carrying an assault rifle. And I called 911.”

Police said that the gun used in the shooting was an AK-47, and that they were examining two different crime scenes: where the shots were fired outside, and where the gunman was found dead in the library. Police would not say whether he was attending the university. Chief Acevado said that there were “reports of a second suspect that was wearing a beanie with a long rifle, wearing blue jeans and a black top” that “may or may not be a white male.”

Several hours after the lockdown began, police allowed students to leave the university’s campus, although nobody is still allowed to enter.

The school was also the site of a shooting spree on August 1, 1966, in which university student Charles Whitman fatally shot fourteen to sixteen people and wounded another 32 before being himself killed by law enforcement authorities; reports of the exact death toll are inconsistent. Whitman, a former U.S. Marine, shot students from the observation platform of the school’s tower. That event was the deadliest school shooting in the United States until the 2007 Virginia Tech massacre.

16
Jan

Amtrak train smashes freighter in Chicago

Saturday, December 1, 2007

An Amtrak train collided with a parked Norfolk Southern freight train in Chicago on Friday. 30 people were injured, five of them Amtrak personnel who were most seriously injured.

Amtrak train 371, the Pere Marquette, started in Grand Rapids, Michigan and carried 193 people on board including six crew members. The train was in south Chicago heading towards its destination of Chicago Union Station when the crash occurred around 17:30 UTC. No injuries were reported among the crew of the Norfolk Southern freight train. Amtrak’s locomotive, a GE Genesis, was derailed by the force of the impact, although the rest of the passenger train remained on the tracks.

All Amtrak trains between Chicago and Michigan are currently cancelled while workers remove the locomotive from the scene and perform any needed repairs. A National Transportation Safety Board “Go Team” led by Ted Turpin was dispatched to the scene to conduct a federal investigation into the crash.

14
Jan

Category:Featured article

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Pages in category “Featured article”

14
Jan

Wikinews interviews Rocky De La Fuente, U.S. Democratic Party presidential candidate

Thursday, March 31, 2016

Businessman Rocky De La Fuente took some time to speak with Wikinews about his campaign for the U.S. Democratic Party’s 2016 presidential nomination.

The 61-year-old De La Fuente resides in San Diego, California, grew up in Tijuana, and owns multiple businesses and properties throughout the world. Since getting his start in the automobile industry, De La Fuente has branched out into the banking and real estate markets. Despite not having held or sought political office previously, he has been involved in politics, serving as the first-ever Hispanic superdelegate to the 1992 Democratic National Convention.

De La Fuente entered the 2016 presidential race last October largely due to his dissatisfaction with Republican front-runner Donald Trump. He argues he is a more accomplished businessman than Trump, and attacks Trump as “a clown,” “a joke,” “dangerous,” and “in the same category as Hitler.” Nevertheless, De La Fuente’s business background begets comparisons with Trump. The Alaskan Midnight Sun blog described him as the Democrats’ “own Donald Trump.”

While receiving only minimal media coverage, he has campaigned actively, and according to the latest Federal Election Commission filing, loaned almost US$ 4 million of his own money to the campaign. He has qualified for 48 primary and caucus ballots, but has not yet obtained any delegates to the 2016 Democratic National Convention. Thus far, according to the count at The Green Papers, De La Fuente has received 35,406 votes, or 0.23% of the total votes cast. He leads among the many lesser-known candidates but trails both Senator Bernie Sanders who has received nearly 6.5 million votes and front-runner Hillary Clinton who has just shy of 9 million votes.

With Wikinews reporter William S. Saturn?, De La Fuente discusses his personal background, his positions on political issues, his current campaign for president, and his political future.

Contents

  • 1 Interview
    • 1.1 Background
    • 1.2 Campaign
    • 1.3 Issues
    • 1.4 Future
  • 2 Related news
  • 3 Sources
  • 4 External link