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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.

Thursday, March 9, 2006

Toronto’s public utility, Toronto Hydro Telecom, will make Canada’s largest city into a huge wireless hotspot.

“This is both an exciting and very important initiative for the city of Toronto”, said Toronto’s mayor, David Miller. “It puts us on the leading edge of the telecommunications industry nationwide and globally.”

Toronto Hydro Telecom will offer customers free access for the first six months. After that, it will begin to charge for services.

“Wi-Fi technology is the new benchmark for urban living”, stated Toronto Hydro president David Dobbin. “It’s standard equipment in many electronic devices, from laptops to portable entertainment units.”

Private telephone companies are questioning why a public utility needs to compete with the private sector.

Mike Lee of Rogers Communications Inc. questioned why the city of Toronto wanted to enter the internet access business.

“It will not be an easy business”, Lee told the National Post. “In this day and age, the focus should be on core operations more than anything. I was surprised to see they are looking to get into this business.”

Brian Sharwood, a telecom analyst in Toronto, said the municipality will likely install the wireless transmitters and receivers on its lamp posts as a way to blanket the city, a process known as “wireless mesh networking”.

Thursday, August 25, 2011

The United Kingdom electoral commission has been asked to investigate whether payments made by News International to Andy Coulson amidst the recent phone hacking scandal were illegal.

Labor MP Tom Watson, who has been a driving force in the phone hacking scandal, called for the investigation after he believed that payments and benefits made to Coulson, including private health benefits and a company car, should have been declared as a political donation. Mr Watson has reportedly been trying to uncover whether Coulson declared these payments to the cultures committee upon applying for access to parliament.

MPs are bewildered by Prime Minister David Cameron’s hiring of Coulson without anyone looking into his financial history, and many have expressed outrage as the reports contradict evidence given by the former News of The World editor to the culture committee in 2009. He allegedly told the committee that he had received a salary of £275,000 and that he did not have a second income.

Coulson is expected to face further questioning from the committee about the payments after he is cleared from the phone hacking scandal.

Robert Peston, a journalist for the BBC, claimed that Mr Coulson had received several hundred thousand pounds from News International after he began working for the Conservative Party. Despite his ousting in 2007, Mr Coulson received his severance pay in installments from News International until the end of that year.

Coulson was known to have received a payoff after his resignation from News of the World in 2007. The resignation came after the conviction of journalist Clive Goodman for phone hacking.

The Culture, Media and Sport Select Committee has stated that both Coulson and News International should have informed the committee about the payments. The investigation will decide whether or not the electoral committee has been misled by Coulson, and whether the payments should be considered as a political donation.

The committee is expected to meet in early September to decide on a plan of action.

[edit]

Thursday, August 3, 2006

The United States Food and Drug Administration has announced that it is moving forward in approving over-the-counter (OTC) sale of the emergency contraceptive pill, “Plan B” to women above 18 years of age. The delayed approval of this drug has been raised in the Senate confirmation hearings for President Bush’s nominee for the head of the FDA, Dr. Andrew C. von Eschenbach.

Emergency contraceptives, also known as “morning-after pills” are used to prevent an unintended pregnancy, after unprotected intercourse has occurred. They usually contain high doses of the same drugs that are used in regular contraceptive pills.

While they are considered as contraceptives by the medical establishment and by law, and classified as such by the FDA, some abortion opponents object to ECs as they believe that they constitute abortion. Some groups object to emergency contraception believing that it encourages sexual exploitation of young girls and some religious conservatives object to it as they believe that it promotes promiscuous behavior. Proponents of its use contend that it is merely a form of contraception, and point out that other forms, such as condoms or birth-control pills are widely used and that its use serves an important purpose, in cases where other contraceptives have failed (eg. a condom is torn) or to prevent conception in a rape victim. Approval for OTC sale would make the drug more easily available, which is considered important as the drug must be taken within 72 hours of intercourse to be effective.

The FDA’s approval process for the Plan B pills, which contain the drug Levonorgestrel and are manufactured by Duramed, a subsidiary of Barr Laboratories has been mired in controversy since at least 2000, when the American Medical Association announced support for OTC availability. Last year, the FDA rejected the manufacturer’s request to approve the pill for OTC sale, citing concerns over “potential behavioral implications for younger adolescents”. The decision was criticised by advocates of EC as being based on political considerations rather than scientific reasons. The Government Accountability Office, a congressional watchdog also faulted the decision process. The FDA has also revised the minimum age of customers from 16 to 17 to now, 18.

Currently, the Senate Health, Education, Labor and Pensions Committee is holding hearings on the confirmation of the FDA Commissioner nominee, Dr. von Eschenbach. Senators Patty Murray(D) and Hillary Clinton(D) have held up the approval pending progress on the pill’s approval process. Plan B was endorsed by a F.D.A. committee three years ago but had been denied approval for OTC sale by higher officials in the FDA. During the nomination of the last FDA Commissioner, Dr. Lester M. Crawford, Senators raised the issue and went ahead with the nomination after getting assurances that the drug’s approval would be given in a timely manner. The deadlines set then were not met.

Senator Clinton was reported as saying: “Like so much of this government in the past five and a half years, it has been turned into a political football, and you’re on the field. This is not just about Plan B. Once we start politicizing the F.D.A. there is no stopping. It is essential that we draw a line, and we are drawing a line right here.”

In the confirmation hearings, Dr. Von Eschenbach said he would not take political orders on scientific matters. “No one told me what I could or should do,” he said.

The FDA statement said that its latest decision was to approve OTC sale was “the result of a thoughtful and comprehensive scientific and public policy process undertaken by the Agency to resolve the novel and significant issues presented by the Sponsor’s amended application.”

Sale of oral contraceptives otherwise continues to require prescription by a state-licensed doctor, according to FDA regulation.

Thursday, June 22, 2006

The Creative Archive project is a BBC led initiative which aims to make archive audio and video footage available to be freely downloaded, distributed, and ‘remixed’. The project is still in a pilot stage, and is only available to UK residents, but the long-term future of the project could have a major impact on the way audiences interact with BBC content.

The project is partly inspired by the Creative Commons movements, and also by a general move within the BBC to be more open with its assets. Additionally, educational audiences such as schools have expressed an interest in using BBC content within the classroom, both to watch and to create multimedia content from.

So far, clips made available under the licence have included archive news footage, nature documentary footage, and video clips content designed for educational uses. “It’s done very well with the audiences we’ve directed them towards – heavy BBC users,” says Paul Gerhardt, project leader. Users downloading the clips are also prompted to fill in a questionnaire, and so far 10-15% of people seem to be doing something with the material, although the BBC can’t be sure what exactly that is.

One of the biggest limitations within the licence as it currently stands during the pilot scheme is that the material is only available for use by people resident in the UK. The BBC’s Creative Archive sites use ‘geo-IP filtering’ to limit downloads to the UK, but there is some confusion over whether people who create their own content using the material can upload their creations to their own websites. A question within the FAQs for one of the more recent selections of clips suggests that this isn’t possible, saying “during this pilot phase material released under the terms of the Creative Archive Licence cannot be used outside the UK – therefore, unless a website has its use restricted to the UK only, content from the ‘Regions on Film’ archive cannot be published on it.”

“We want people to make full use of this content, whether they cut and paste it or whether they share it, and we completely accept that we’ve got a bit of a contradiction at the moment by saying UK-only and yet encouraging people to put it on their sites to share it with others, because you can’t expect people to have geo-IP restriction technology,” admits Mr Gerhardt. “We’re thinking hard about how to deal with this after the pilot – at the moment it’s quite likely that we’re probably going to need to find a distribution partner outside of the UK, so that if you’re outside of the UK you’ve got roughly the same experience as in the UK, but the content could be surrounded by sponsorship messages or advertising or whatever. Once we’ve done that then leakage from one to the other won’t really matter very much.”

The Creative Archive project has not been without critics from the commercial sector, worried that the BBC giving away their content for free would make it difficult for them to be able to make money from their own content. The BBC has explained to some of the commercial players that the content would be limited during the pilot, would not be available in broadcast quality, and that watermarking technologies would be trialled so that content could be recognised when it crops up elsewhere. The BBC is also investigating a business model for the future where there would be a “close relationship between public access to low-resolution content and a click through to monetising that content if you want to buy a high-resolution version”. People who want to play around with the material might discover they have a talent and then find they need to get a commercial license to use it properly, Mr Gerhardt explains, and the project wants to make it easy for this to happen.

Before the project can go ahead with the full scale launch, it will have to go through a ‘public value test’ to assess its overall impact on the marketplace, and commercial media companies will have a chance to input at this point.

For ease in clearing the rights, all of the content available under the pilot project is factual, but in the future the project could include drama and entertainment content. The BBC may also, in the future, work the Creative Archive licences into the commissioning process for new programmes. “This raises some really interesting ideas – if you have a documentary series, you could use the Creative Archive to release the longer form footage, for instance – that would create a digital legacy of that documentary series,” Mr Gerhardt explains. “The other interesting thought in the longer term would be for the BBC, or another broadcaster, to contribute to a digital pool of archive material on a theme, and then invite people to assemble their own content out of that. We could end up broadcasting both the BBC professionally produced programme accompanied by other programmes that other people had made out of the same material.”

One of the ways that the Creative Archive licence differs from the other ‘copyleft’ licences like Creative Commons, aside from the UK-only limitation, is that the licence currently allows the BBC to update and modify the licence, which may worry those using the licence that their rights could suddenly become more restricted. “The licence at the moment is a draft, and we’ve given warning that we may well improve it, but we wouldn’t do that more than once or twice. The ambition is that by the time we scale up to the full service we would have a fixed licence that everyone was comfortable with, and it wouldn’t change after that.”

“The ambition is to think about creating a single portal where people can search and see what stuff is out there under the same licence terms, from a range of different suppliers. The idea is that if we can create something compelling like that, we will attract other archives in the UK to contribute their material, so we’d be aggregating quite a large quantity.”

The Creative Archive project has captured the interest of many Internet users, who are growing increasingly, used the idea of being able to ‘remix’ technologies and content. Some groups have been frustrated with the speed at which the project is developing though, and with some of the restrictions imposed in the licence. An open letter to the BBC urges the dropping of the UK-only limitation, the use of ‘open formats’, and to allow the material to be usable commercially.

Mr Gerhardt has publicly welcomed debate of the licence, but makes it clear to me that the whole BBC archive will never all be available under the Creative Archive terms. “We will make all our archive available, under different terms, over the next five to ten years, at a pace to be determined. There would be three modes in which people access it – some of the content would only be available commercially, for the first five year or so after broadcast, say. The second route is through a ‘view again’ strategy where you can view the programmes, but they’d be DRM-restricted. And the third mode is Creative Archive. Over time, programmes would move from one mode to another, with some programmes going straight to the Creative Archive after broadcast.”

Others who disagree with the ‘UK-only’ restriction within the licence include Suw Charman, from the Open Rights Group, who has said “it doesn’t make sense in a world where information moves between continents in seconds, and where it is difficult for the average user to exclude visitors based on geography.” On the project generally, though, she said “I think that it is a good step along the way to a more open attitude towards content. It is a toe in the water, which is far preferable to the attitude of most of the industry players, who are simply burying their heads in the sand and hoping that lawsuits and lobbying for new legislation will bolster their out-dated business plan.”

Other organisations currently participating in the Creative Archive scheme include the British Film Institute, the Open University and Teachers’ TV. Two artists have been awarded scholarships to create artworks using BBC archive material, and BBC Radio 1 has held a competition asking people to use the footage in creative ways as backing visuals to music. The process of making the BBC’s archive material fully available may be a long one, but it could end up changing the way that people interact with the UK’s public service broadcaster.

Tuesday, May 26, 2009

After being on the run for about a week, Daniel Hauser and his mother, Colleen, returned home to Minnesota to attend a court hearing and proceed with treatments for Daniel’s cancer.

The charges will be dropped against Colleen Hauser and her thirteen-year-old son Daniel who has Hodgkin’s lymphoma after the pair fled a court order for chemotherapy.

Jennifer Keller, an attorney from Orange County, California, assisted the arrangement for the Hausers to return.

“She’ll abide by what the court says,” said Keller, “They always expected to return. She’s horrified people perceive her as hiding out. That isn’t what she intended. He wasn’t in any acute distress. He was quite tired. He was very, very eager to get home.”

The court hearing scheduled for Tuesday afternoon in New Ulm, Minnesota will decide custody and medical care procedures.

County Attorney James Olson said, “A lot depends upon the attitude of the parents, their willingness to get on board with a treatment plan.”

Daniel has only a five percent chance of survival without cancer chemotherapy treatments. Previous testimony revealed that Hodgkin’s lymphoma which was diagnosed January has a 90 to 95% success rate for survival with chemotherapy.

The voluntary return of Colleen and Daniel from California was videotaped and arranged by Asgaard Media which submitted the video to authorities.

Daniel is in the care of Brown County protective custody services, but was allowed the night at the family farm in Sleepy Eye supervised by sheriff’s deputies. He was seen at a Twin Cities hospital on their arrival Monday according to Tom Hagen, attorney for Collen and Anthony, Daniel’s parents.

Friday, October 12, 2007

I had an unofficial phone call from Gay Talese last Tuesday. He had just flown back from Colombia and he was cranky. “I’m happy to do an interview with you,” he said, “but what the hell could you ask me that’s not already out there? Have you even bothered to look?!”

“Jeez, Mr. Talese, lots of things,” was my response. I lied. The truth is that when I call people to interview them, I do not have a set of preconceived questions. My agenda is to talk to them and gain a sense of who they are; to flesh them out as humans. To find out what they think about the world around them at that moment. With Gay Talese I had little interest in talking about Frank Sinatra Has a Cold and with Augusten Burroughs I had little interest in discussing Running with Scissors. I want to know what they think about things outside of the boxes people have placed them in.

With a memoirist like Burroughs, even this is a challenge. What parts of his life he has not written about himself, other interviewers have strip-mined. When we met for dinner at Lavagna in the East Village, I explained to Augusten this issue. I suggested we make the interview more of a conversation to see if that would be more interesting. “Instead of you in the catbird seat,” I said, “let’s just talk.”

We struck an instant rapport. What set out to be an hour and half interview over dinner had turned into four hours of discussion about our lives similarly lived. I removed half of the interview: the half that focused on me.

Below is Wikinews reporter David Shankbone’s conversation with writer Augusten Burroughs.