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Commonwealth Bank of Australia CEO apologies for financial planning scandal
April 19, 2018 · Uncategorized · (No comments)

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.

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Indian Markets hits record close in Diwali trade
April 19, 2018 · Uncategorized · (No comments)

Sunday, November 7, 2010

The Indian stock market ended at an all time high on the Diwali 60-minute Special trading session on Friday. Diwali trading is arranged every year on the festival of Diwali to pay obeisance to Lakshmi, the Hindu goddess of wealth and prosperity; it is also seen as welcoming the New Year of the Samvat calendar. The Samvat calendar is 56.7 years ahead (in count) of the solar Gregorian calendar.

The benchmark 30-share Bombay Stock Exchange Sensitivity Index, Sensex, rose 0.53% or 111.39 points to a record close of 21,004.96. Sensex closes above 21k pts for the first-time in its 135 years history.

Indian markets have attracted about USD 26.74 billion this year of investment from foreign institutional investors. The sale of a 10% stake in Kolkata-based Coal India last month was the biggest share sale in Indian history and banked the government 3.4 billion dollars. Coal India has risen 43 percent since listing at the stock exchanges this week.

According to Mr. Rakesh Jhunjhunwala “This will continue for long periods of time. If you look at India we are 3% to 4% of world GDP, we are not even 0.5% of USD 30 to USD 35 trillion in the investment of institutions worldwide in equities. Our share is USD 250 billion, USD 200 billion may be and it could go up to USD 1 trillion. So I see no reason why money will not come. Don’t forget one thing that India is an open country. Indian companies have return on equity. Among the emerging markets we have the best corporate governance. We are well regulated; we have got good trading systems. Why will the money not come you tell me?” Mr.Rakesh Jhunjhunwala is tagged by the media as “India’s Warren Buffett”.

April 19, 2018 · Loan Agreements · (No comments)

By Andrew Baker

Establishing a business requires huge amount as businesses demand expenditure on various fronts. It is not easier for every business person to arrange required finance from own source and therefore secured business loans become inevitable. Lower interest rate and other easier terms-conditions have made secured business loans popular options for business people.

Secured business loans are offered to business people depending on the type of their business. Business persons can utilize secured business loan for various purposes. One who intends to start a new business, secured business loans can serve in buying raw materials, machinery and even for procuring a piece of land for setting a manufacturing plant or a factory. In case secured business loans are required for existing business, the loan can be utilized for buying additional raw materials and machinery. The loan also can be used in paying staff salary. Previous debts are also paid on taking the loan.

Secured business loans are provided on taking any of the business person’s property as collateral. The property may be residential or commercial. With collateral in place, the lender can offer any amount of loan. The borrowings depend on equity in collateral. Higher equity in home or any property enables in taking greater secured business loans. Because the loan is fully secured, lenders can easily offer secured business loans at lower interest rate.

[youtube]http://www.youtube.com/watch?v=OoXWAG_Nry4[/youtube]

Lenders provide secured business loans for larger repayment duration.

Secured business loans can be comfortably paid back in 5 to 30 years. This means the business person has ample time for establishing business. All he has to ensure is that installments of secured business loans are paid regularly. Since the loan is usually spent in various works of business, there may not be much amount left with the business person. So for paying off installments the business person must have extra source of income or the business must start generating income immediately. Lenders also would like to ensure that the borrower has enough income at hand. Secured business loans are given without many enquiries to bad credit business persons. This is because in case of payment default, still the loan can be recovered on selling the borrower’s property.

Prior to applying a lender, compare different secured business loans providers for individual interest rates and terms-conditions. Prefer applying to online lenders for fast approval of the loan.

Secured business loans are cheaper source of much required finance for business persons. Make sure that the loan installments are paid back regularly for avoiding debts.

About the Author: Andrew Baker has done his masters in finance from CPIT.He works for the LoansFiesta for any type of loans as Secured business loans, Unsecured debt consolidation loans, secured personal loans in uk please visit loansfiesta.co.uk

Source: isnare.com

Permanent Link: isnare.com/?aid=96778&ca=Finances

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Greenpeace protest disrupts Tony Blair CBI speech
April 19, 2018 · Uncategorized · (No comments)

Tuesday, November 29, 2005

Two Greenpeace protestors entered the CBI conference at the Business Design Centre in Islington, London and delayed a speech being made by the Prime Minister Tony Blair, in which he was expected to announce the consideration of further nuclear power stations to offset the increasing gas prices being experienced by industry in the UK. The protestors, wearing yellow safety jackets over business suits, climbed up into the ceiling rafters and held banners saying “NUCLEAR: WRONG ANSWER”, and dropped ‘radioactive confetti’ onto the delegates down below.

Greenpeace threatened to make noise and throw missiles at the Prime Minister should he make his speech. They requested a ten minute speech before Tony Blair’s speech, but this was turned down by the conference organisers and the speech was delayed whilst delegates moved into an alternative room in the building so that the speech could continue without disruption.

Category:April 24, 2005

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Category:April 24, 2005
April 18, 2018 · Uncategorized · (No comments)
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The Specific Qualities Of Industrial Pipe Flanges

April 18, 2018 · Pipes · (No comments)

The specific qualities of industrial pipe flanges by Gen FedericoIn industries like the petrochemical, gas and oil industries, it is important that the alloys used for the pipe flanges and other fittings meet specific requirements. Depending on their location, and the use to which they will be put, fittings must be strong, and resistant to corrosion, stress, impact, the effects of welding and extremes of pressure and temperature.For example, stainless steel pipe flanges used for undersea pipelines must be resistant to the corrosive effects of salt water, and must not warp or buckle at extreme depths where temperatures are low and pressures high. Oil refineries need to be sure their pipe flanges are easily welded but desensitised to welding (i.e. that the chromium giving them their anti-corrosion abilities remains active when heat is applied), that they are resistant to high internal pressures, and that they will not perform poorly in extreme weather or when exposed to fire conditions.All this means the alloys used for industrial pipe flanges have to be of very high specification. Stainless steel alloys are generally one of two types: ferritic and austenitic. Ferritic alloys have high strength but are hard to weld, and possess low resistance to corrosion (improved by high levels of chromium and added elements like titanium and molybdenum.) Austenitic alloys have a different crystalline structure, which is stabilised with the addition of nickel. This gives them impressive anti-corrosion abilities and makes them easy to weld, but they have less strength than ferritic alloys.For this reason, duplex alloys are often used, which combine both ferritic and austenitic traits. At Chemi Petro we have pipe flanges in a wide range of specialist alloys, including duplex and super duplex.The Article is written by chemipetro.co.uk providing Pipe Fittings and Pipe Flanges Services. Visit http://www.chemipetro.co.uk for more information on chemipetro.co.uk Products & Services___________________________Copyright informationThis article is free for reproduction but must be reproduced in its entirety, including live links & this copyright statement must be included. Visit chemipetro.co.uk for more services!Article Source: eArticlesOnline.com

China-EU financial relations are growing

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China-EU financial relations are growing
April 17, 2018 · Uncategorized · (No comments)

Friday, December 4, 2009

Chinese President Hu Jintao met with the European Union’s leaders Jose Manuel Barroso and Fredrik Reinfeldt in Nanjing, Jiangsu Province, China. The EU leaders were in China to attend Monday’s twelfth China-European Union (EU) summit. Barroso said China-EU relations are “more mature, deeper” then before.

China-EU trading relations have grown over the last 35 years. The volume of trade between the pair reached US$425.58 billion in 2008, an increase of 19.5% over the prior year. Bilateral relations are far closer now than in previous years.

Swedish Prime Minister, Fredrik Reinfeldt, said the Lisbon Treaty would help strengthen EU-China relations. Summit attendees also talked about nuclear non-proliferation, disarmament, human rights, climate change, combating financial crisis and financial investments.

Before the twelfth China-EU summit, Chinese Premier Wen Jiabao met with EU delegates in Nanjing, and the trading partners celebrated the 35th anniversary of diplomatic relations.

Wikimedia fundraiser highlights webcomic community’s frustration with Wikipedia guidelines

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Wikimedia fundraiser highlights webcomic community’s frustration with Wikipedia guidelines
April 17, 2018 · Uncategorized · (No comments)

Monday, October 29, 2007

This article mentions the Wikimedia Foundation, one of its projects, or people related to it. Wikinews is a project of the Wikimedia Foundation.

On Monday, October 22, as the latest Wikimedia fundraiser began, Wikinews reporter Brian McNeil thought his own small donation could be turned into a bigger donation by his buying some advertising on a popular website and encouraging others to contribute. With this in mind he approached Howard Tayler, creator of the Schlock Mercenary webcomic.

Tayler’s response was not as McNeil expected, prompting a Wikinews investigation. Tayler refused to help the foundation raise money although he conceded that he does sometimes use the site. Instead he explained that some members of the webcomic community feel slighted by Wikipedia because over 50 articles on webcomics were deemed not to meet their notability guidelines and were deleted during January and February of 2007. Some members of the webcomics community considered this unacceptable. Whilst some of the comic related articles deleted did not qualify for inclusion in the encyclopedia under Wikipedia guidelines, the deletion of a large number of articles in such a short time period struck some webcomics writers and fans as a selective purge.

Much of the criticism has been focused on Wikipedia editor Dragonfiend, who has described notability as “whether a topic has been noted by independent reputable sources”. She has said that “If we include every article that anyone wants to write, then the encyclopedia becomes useless because nobody can find the actual needle of worthwhile information on a topic hidden in that hay stack of trivia.” She has said Wikipedia should only have articles on webcomics like Penny Arcade, Get Your War On, Fetus-X, and Achewood.

This deletion of numerous webcomic articles has not sat well with some in the webcomic community. Modern Tales editor and Websnark blogger Eric Burns has written that “There are people — and Dragonfiend is clearly one of them — who are clearly going through Wikipedia looking for articles that should be weeded out as non-notable. and they’re doing it in fields they clearly — I mean, clearly — have no interest, experience or knowledge.”

Erfworld and PartiallyClips writer Rob Balder has expressed similar viewpoints, calling the deletion of the webcomics articles a “goddamned crime” and describing a “deletionist jihad” by “the politest bunch of book-burning assholes on the planet”. Balder also labelled “Deletionism” as a form of “naughtymancy” magic in Erfworld. Deletionism refers to the Wikipedia ideology that favours relatively rigorous standards for maintaining access to articles, as opposed to inclusionism which favours keeping and amending problematic articles.

There is concern among some webcomic groups that the notability guidelines are too rigorous for the typical webcomic. The standards usually require significant coverage in reliable sources that are independent of the subject, which is rare since even comics with dedicated followings do not always attract mainstream book publishers or reviews from mainstream journalists. It seems that this policy has alienated webcomic artists and fans and discouraged them from contributing to Wikipedia.

Conflicts such as this are not uncommon. Members of a Wikimedia Foundation mailing list pointed to other examples where the application of the rules has been perceived to be selective, leaving other communities disgruntled with a variety of Wikimedia projects, not just Wikipedia.

Australian troops to provide front-line combat support in Iraq

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Australian troops to provide front-line combat support in Iraq
April 17, 2018 · Uncategorized · (No comments)

Wednesday, March 15, 2006

Australian troops in southern Iraq will shift to an “overwatch” role, says Defence Minister Brendan Nelson. Australia has around 460 troops in southern Iraq engaged in training the Iraq military and guarding Japanese military engineers. Dr Nelson says the soldiers currently on rotation in Iraq as part of Operation Catalyst will soon provide “front-line combat support” for coalition troops.

“We will move some time over the next three to four months pending the movement of the Japanese to supporting the overwatch program,” he told ABC radio. “So what we will be doing is we will be supporting the Iraqi security forces, Iraqi police and Iraqi local government in administering and managing their own affairs. And we will respond to requests from the Iraqi government.”

Overwatch was “a support program” that involved “providing covering fire to coalition allies in Iraq.” The Australian deployment was expected to end around July this year, but Dr Nelson has said the mission would now continue into next year. His statement followed the British announcement that it would withdraw 800 troops from Iraq in the next few months.

“The British and the Americans are looking at significant draw downs in two to three years. We haven’t set any such timeline… I think we will be there into 2007… We haven’t committed to another two to three years unlike the Americans. We take it on a day-to-day, week-to-week, month-to-month basis,” said the Minister.

Dr Nelson ruled out Australian troops being deployed to more dangerous areas, such as Basra, where the British troops have been based. But he declined to say whether the new mission will be more risky. He says “everything the troops do in Iraq is associated with danger.”

On March 7th, Australian Greens Leader Bob Brown slammed the Howard government’s determination to keep troops in Iraq, as American and British troops are withdrawn. “Australian troops are being subject to thoughtless bravado by John Howard and Brendan Nelson and they need to be brought home immediately,” Senator Brown said.

Operation Catalyst is the Australian Defence Force (ADF) contribution to the rehabilitation and reconstruction of Iraq. Operation Catalyst currently comprises approximately 1320 Australian Defence Force personnel.

BDSM as business: An interview with the owners of a dungeon

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BDSM as business: An interview with the owners of a dungeon
April 17, 2018 · Uncategorized · (No comments)

Sunday, October 21, 2007

Torture proliferates American headlines today: whether its use is defensible in certain contexts and the morality of the practice. Wikinews reporter David Shankbone was curious about torture in American popular culture. This is the first of a two part series examining the BDSM business. This interview focuses on the owners of a dungeon, what they charge, what the clients are like and how they handle their needs.

When Shankbone rings the bell of “HC & Co.” he has no idea what to expect. A BDSM (Bondage Discipline Sadism Masochism) dungeon is a legal enterprise in New York City, and there are more than a few businesses that cater to a clientèle that wants an enema, a spanking, to be dressed like a baby or to wear women’s clothing. Shankbone went to find out what these businesses are like, who runs them, who works at them, and who frequents them. He spent three hours one night in what is considered one of the more upscale establishments in Manhattan, Rebecca’s Hidden Chamber, where according to The Village Voice, “you can take your girlfriend or wife, and have them treated with respect—unless they hope to be treated with something other than respect!”

When Shankbone arrived on the sixth floor of a midtown office building, the elevator opened up to a hallway where a smiling Rebecca greeted him. She is a beautiful forty-ish Long Island mother of three who is dressed in smart black pants and a black turtleneck that reaches up to her blond-streaked hair pulled back in a bushy ponytail. “Are you David Shankbone? We’re so excited to meet you!” she says, and leads him down the hall to a living room area with a sofa, a television playing an action-thriller, an open supply cabinet stocked with enema kits, and her husband Bill sitting at the computer trying to find where the re-release of Blade Runner is playing at the local theater. “I don’t like that movie,” says Rebecca.

Perhaps the most poignant moment came at the end of the night when Shankbone was waiting to be escorted out (to avoid running into a client). Rebecca came into the room and sat on the sofa. “You know, a lot of people out there would like to see me burn for what I do,” she says. Rebecca is a woman who has faced challenges in her life, and dealt with them the best she could given her circumstances. She sees herself as providing a service to people who have needs, no matter how debauched the outside world deems them. They sat talking mutual challenges they have faced and politics (she’s supporting Hillary); Rebecca reflected upon the irony that many of the people who supported the torture at Abu Ghraib would want her closed down. It was in this conversation that Shankbone saw that humanity can be found anywhere, including in places that appear on the surface to cater to the inhumanity some people in our society feel towards themselves, or others.

“The best way to describe it,” says Bill, “is if you had a kink, and you had a wife and you had two kids, and every time you had sex with your wife it just didn’t hit the nail on the head. What would you do about it? How would you handle it? You might go through life feeling unfulfilled. Or you might say, ‘No, my kink is I really need to dress in women’s clothing.’ We’re that outlet. We’re not the evil devil out here, plucking people off the street, keeping them chained up for days on end.”

Below is David Shankbone’s interview with Bill & Rebecca, owners of Rebecca’s Hidden Chamber, a BDSM dungeon.

Contents

  • 1 Meet Bill & Rebecca, owners of a BDSM dungeon
    • 1.1 Their home life
  • 2 Operating the business
    • 2.1 The costs
    • 2.2 Hiring employees
    • 2.3 The prices
  • 3 The clients
    • 3.1 What happens when a client walks through the door
    • 3.2 Motivations of the clients
    • 3.3 Typical requests
    • 3.4 What is not typical
  • 4 The environment
    • 4.1 Is an S&M dungeon dangerous?
    • 4.2 On S&M burnout
  • 5 Criticism of BDSM
  • 6 Related news
  • 7 External links
  • 8 Sources