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Thursday, December 31, 2015

The Financial Conduct Authority, one of Britain’s banking sector regulators, indicated it has decided to drop an inquiry into banking culture, including practices and payment of banking staff. The inquiry was intended to review “whether culture change programmes in retail and wholesale banks are driving the right behaviour, in particular focusing on remuneration, appraisal and promotion decisions of middle management, as well as how concerns are reported and acted on”.

A spokesman for the Financial Conduct Authority stated: “A focus on the culture in financial services firms remains a priority for the FCA[…] There is currently extensive ongoing work in this area within firms and externally. We have decided that the best way to support these efforts is to engage individually with firms to encourage their delivery of cultural change as well as supporting the other initiatives outside the FCA.”

The Shadow Chancellor, Labour’s John McDonnell, said shutting down the inquiry would be a “dangerous and costly mistake” and said: “This will be a huge blow to customers and taxpayers who are all still paying the price for the failed culture in the banking sector that’s been widely attributed to be among the main causes of the crash and the scandals over Libor and price-fixing”.

Members of the Treasury Select Committee have also been critical of the cancellation of the review. On Twitter, Labour MP John Mann stated the “FCA surrender to big banks today is entirely from pressure from Treasury and Osborne”. Conservative MP Mark Garnier, told the BBC: “There has always been this great argument that perhaps the Treasury is having more influence over the regulator than perhaps it ought to and certainly, if I was looking for a Machiavellian plot behind what’s happened here and the tone of the regulator, then I suppose I would start looking at the Treasury.”

Richard Lloyd from the consumer group Which? expressed disappointment at the cancellation of the report: “It’s disappointing that the regulator has decided against publishing this report on the culture of banking. Cultural change doesn’t happen overnight, so despite signs of improvement, the FCA must not take their eye off the ball and should continue to clean up the industry”

The FCA has had no leader since Martin Wheatley resigned in July following an expression of no confidence by George Osborne, the Chancellor of the Exchequer.

Saturday, September 12, 2009

A World Health Organisation study published in The Lancet has revealed the main causes of death for people aged 10–24. It has described the majority of these deaths as preventable and suggested solutions to the problems.

97% of the 2.6 million fatalities annually occur in low- and middle-income countries. The age group comprises 1.8 billion people, 30% of the total population. 15% of female deaths were down to “maternal mortality” which included pregnancy complications, unsafe abortions, and mutilation of genitals. Road traffic accidents accounted for 10% of deaths.

6.3% of the deaths were suicides and 6% were down to violence. Tuberculosis and similar lung infections took 10% of the lives and HIV/AIDS killed 5.5%. Most of the deaths were in sub-Saharan Africa and Southeast Asia. Africa and Southeast Asia were also the only places where male deaths were not above those of females, as much of the maternal mortality occurred there. The data came from 2004.

In developed countries, 32% of the deaths were down to road accidents. “There has long been an assumption that young people are healthy, fit and they don’t die,” explained the report’s lead author, Australian children’s health expert George Patton. He goes on to say “I’ve certainly heard politicians and policy-makers make statements of that kind… Some of these problems, related to emotion, are actually very prominent causes not only of death in adolescence, but health problems later in life.”

The study said safer speed limits, more use of helmets and seatbelts, and better enforcement of drunk driving law could greatly curb the road deaths. Maternal deaths and sexually transmitted disease rates could be cut by sexual education, safe abortion clinics, pregnancy support, HIV testing and treatment, and access to contraceptives.

Violence and suicide could be reduced by education in life skills and an improved role of parents, the study found. It also sought reduction of availability of poisons, firearms, and other dangerous items. In the case of suicide, the study said more work was needed to help young people recover from acts of violence, sexual assault, and child abuse in both the short and long term. Alcohol access reduction was also requested.

The study was conducted by University College London’s Russell Viner, World Health Organization’s Krishna Bose and George Patton of the Royal Children’s Hospital in Melbourne, Australia.

Monday, January 1, 2007

More bombs went off just after midnight (0500 GMT) on New Year’s Day in Bangkok, injuring eight people near a shopping mall where hours before a New Year’s Eve countdown was cancelled due to a string of six bombings earlier in the evening.

The first bomb exploded at a seafood restaurant on the Saen Saeb Canal near Pratunam Pier just seconds after midnight.

Three foreigners and two Thais were injured. One of the foreigners had her legs amputated by the blast, according to television and local newspaper reports. The foreign tourists were having dinner at the restaurant.

Police said the bomb was hidden in a tire at the pier.

A second bomb exploded in a telephone booth near a pedestrian bridge at CentralWorld, where thousands of people had gathered earlier in the evening for a countdown party and had been urged by authorities to leave the area and go home. Several foreigners were injured and rushed to hospitals.

Another bomb was found and disposed of without incident at Suan Lum Night Bazaar, another late-night venue for tourists.

A possible bomb was investigated at Buddy Bar, a popular music venue on Khaosan Road. It turned out to be a false report. Police had earlier closed the venue and other bars on the street frequented by backpackers, urging people to return to their hotels and guesthouses.

Earlier in the evening, bombs had gone off at six locations across the city, from about 6:00 p.m. to 7:30 p.m. Twenty-five people were injured and three later died at hospitals from their injuries. The biggest toll was at Victory Monument, where 17 people were injured, two of them dying from their injuries. Other targets were a police booth at Saphan Kwai intersection, where two people were injured, and a market in Khlong Toei, where three people were injured, one fatally. At Seacon Square shopping mall, a bomb was found in a trash can inside the mall and taken to the parking lot, where it exploded without injuring anyone. Police booths on Sukhumvit Soi 62 and in suburban Nonthaburi were also hit, but there were no injuries.

After the bombings, Bangkok Governor Apirak Kosayothin had ordered the cancellation of the countdown celebrations at Central World and Sanam Luang and other smaller ones.

“Due to several bomb explosions in Bangkok and for the sake of peace and security, I would ask all of you to return to your homes now,” Apirak told a crowd of around 5,000 people at CentralWorld. Most of the crowd dispersed quickly and calmly.

Army Commander-in-Chief General Sonthi Boonyaratglin ordered soldiers deployed around the capital. Security was intensified on the Metro and Skytrain rail systems. The Skytrain cancelled plans to run all night and closed at midnight as usual. Department stores closed early.

Prime Minister Surayud Chulanont visited victims at a local hospital. He appeared on television looking tense, telling reporters he didn’t know who was responsible for the attacks.

Surayud was appointed premier after a coup d’état on September 19 in which the military led by Sonthi ousted prime minister Thaksin Shinawatra.

The Nation newspaper quoted a “security source” as saying “the old power clique” was behind the bombing.

However, there is also the ongoing violence by Muslim separatists in the South Thailand insurgency, which has left 1,900 people dead since 2004.

Tuesday, January 22, 2008

Buffalo, New York —A woman in Buffalo, New York in the United States is in critical condition tonight at Sisters Of Charity Hospital after she accidentally set herself on fire.

The unnamed elderly woman was receiving oxygen for medical problems in her home and lit a cigarette, and the oxygen coming from her mask facilitated the ignition of her clothing, setting her on fire.

Despite her “severe” burns as described by firefighters on radio communications, she was still able to dial the emergency line in the U.S., 911.

In the U.S. only 4% of all residential fires were reportedly caused by smoking materials in 2002. These fires, however, were responsible for 19% of residential fire fatalities and 9% of injuries. The fatality rate due to smoking is nearly four times higher than the overall residential fire rate; injuries are more than twice as likely. Forty percent of all smoking fires start in the bedroom or living room/family room; in 35% of these fires, bedding or upholstered furniture are the items first ignited.

Wednesday, November 19, 2008

Several reports indicate that the ousted fugitive ex-Prime Minister of Thailand, Thaksin Shinawatra, is to again become involved in the country’s politics. He is scheduled to give another phone-in address from abroad on December 14 to supporters at the national Suphachalasai Stadium.

People’s Power Party (PPP) MP, and spokesman for the pro-government “Truth Today” roadshow Jatuporn Promphan said, “Thaksin will no longer wait to be attacked, he will fight back by all means, particularly with an eye-for-an-eye strategy, from now on. Thaksin now believes that the only way for him to survive and to live is to fight for his name”.

Currently in exile and facing a two year jail term should he return to Thailand, Thaksin informed lawyers from his current residence in Dubai that he would not appeal the conviction for corruption in the Ratchadapisek land deal. While lawyers claim to have prepared the needed paperwork to challenge the conviction, the deadline to do so is today.

According to the Bangkok Post, a return to politics by the ex-PM has caused some concern among PPP government members over the divisions this could cause within the country. Thaksin still enjoys a great deal of support from the rural poor in the country’s North-East where the populist policies of his now-outlawed Thai Rak Thai (TRT) party helped win a majority. His most vocal critics, the People’s Alliance for Democracy (PAD) have now occupied Government House in Bangkok for over three months.

The close association of the ruling PPP with the former premier has given them their own set of problems. The party is actively contesting a case in the country’s supreme court that could see it dissolved. The case centres around allegations of vote buying and the party’s former deputy leader, Yongyuth Tiyapairat, stands accused of paying village heads for votes. The PPP disputes that this was a party action as opposed to the independent actions of Yongyuth and the other accused. A ruling on the fraud from last December’s election is expected soon.

Critics of the government claim that it is simply a front for the ex-PM and his dissolved party. The yellow-shirted PAD protesters at Government House assert that current Prime Minister, Somchai Wongsawat, Thaksin’s brother-in-law, is merely a proxy for the controversial ex-leader.

Prosecution of Thaksin on other charges, which he maintains are politically motivated, continues; the supreme court is expected to hold a hearing next month on accusations that he is ‘unusually rich’. This relates to the sale of the family’s stake in Shin Corporation to Temasek Holdings, the investment arm of the Singapore government. Assets worth 76 billion baht (US$ 2.2 billion) are currently frozen over this issue. The ex-PM escaped impeachment over the tax-free sale of Shin in February 2006. Thai media reports that an amicable divorce of Thaksin and his wife Pojaman in Hong Kong will have no bearing on the case or asset seizure. Despite the split last week neither can return to Thailand without facing imprisonment; Potjam was earlier successfully prosecuted and given a three year sentence.

Monday, April 24, 2006

Investors are rushing to fund new ventures in renewable energy as Americans continue to see rising gasoline prices at the pump. The price for crude oil continues to rise to new record highs ($75 per barrel of crude oil on NYMEX as of Friday’s close). According to the results of a survey reported by the San Francisco Gate, in the 1st Quarter of 2006 investments in the clean technology sector has increased by 13% to $3.36 Billion in the US. In addition to attracting venture capital, clean technology companies are receiving a buzz from high profile investors.

Bill Gates, Founder of Microsoft, announced last week that his venture group (Cascade Investments) initiated the purchase of 25.5% ownership in Pacific Ethanol Inc. Pacific Ethanol is an ethanol production company that plans to expand operations by opening a new facility in California. Gates is not alone in high profile investments into the clean energy market, Bob Metcalfe (Founder of 3COM and Inventor of Ethernet), who acts as the managing partner of Polaris Ventures, announced the VC’s first investment into the energy market. Polaris, which manages over $3 Billion in funds, invested $6.8 million into GreenFuel Technologies Corporation of Cambridge, MA. GreenFuel Technologies is an emissions to biofuels company, that utilizes natural algae in their patented bioreactors to turn greenhouse gas emissions from power plants into rich bio fuel. Polaris’s investment into GreenFuel was part of the company’s $18 Million Series B financing round that also included a high profile venture capital investor: Draper Fisher Jurvetson. When asked about the new industry venture, Bob Metcalfe said, “Energy has got to be one of the top five problems the world faces, and it’s been frustrating to watch activists and politicians fail to solve the problem,…Now it’s time for the entrepreneurs and scientists to give it a try.”

According to the International Energy Association, demand for renewable energy fuels will more than quadruple in the next decade. The current jump in oil prices is fueling investment into this relatively new market as investors view clean technology as an emerging opportunity rather than a public relations campaign. As gasoline prices continue to rise, alternative fuels become respectively cheaper and more attractive. In his latest State of the Union Address, President Bush outlined a plan to direct new investment into ethanol production and other clean technologies. According to a poll conducted by CBS News, Americans now see gas prices as one of their top three main concerns. With pressure coming from constituents, politicians are beginning to exert pressure on new spending on renewable technology to promote energy independence. Yet another front in this debate is that of environmental concern. With global warming on the rise, and many European governments eagerly searching for a Carbon Dioxide solution, the promise of reducing these emissions by 46% (as claimed by GreenFuel’s bio reactor system) begins to resonate as a promising environmental and business opportunity.

Wednesday, June 28, 2017

On Sunday, Curaçao’s football team won their first Caribbean Cup defeating the defending champions Jamaica 2–1.

Elson Hooi opened the scoring for Curaçao in the tenth minute. The defending champions were trailing the team ranked 70th in the FIFA ranking. Rosario Harriott scored an equaliser for the Jamaicans after a free-kick in the 82nd minute of the game. But within two minutes, Hooi, who previously played for Dutch football clubs NAC Breda and FC Volendam, netted another goal, restoring Curaçao’s lead. The match ended 2–1.

In 2013’s competition, Curaçao did not manage to win a single game. Before Sunday’s final, Curaçao’s goalkeeper said, “Being in the final is a wonderful feeling”. He added, “But I must say, Jamaica is a dangerous team. They have no European players in their team and they are still in the final. They have speed, unity and physical players. So, on Sunday, we need to work hard for our victory.” He won the 2016–17 KNVB Cup with Dutch Eredivisie (Dutch league) club SBV Vitesse.

Curaçao defeated hosts Martinique 2–1 in the semi-final. In the third-place decider, French Guiana defeated Martinique 1–0. Sloan Privat scored the only goal of the match in the 74th minute. Curaçao, Martinique, French Guiana, and Jamaica are to play in the CONCACAF Gold Cup which is scheduled to be played next month in the United States. Curaçao has never featured in a Gold Cup tournament.

Curaçao’s starting lineup consisted of Rangelo Janga, Jarchinio Antonia, Elson Hooi, Gevaro Nepomuceno, Dustley Mulder, Leandro Bacuna, Gillian Justiana, Darryl Lachman, Quentin Jakoba, and Cuco Martina, with Eloy Room guarding the nets.

Wednesday, April 5, 2006

Glen Stollery is a New Zealand website developer who created the site ScienTOMogy.info in mid 2005. The site, which is a parody of Tom Cruise and his involvement with the Church of Scientology, became the centre of controversy when it was served with a number of cease and desist orders initiated by the Church. On March 19, 2006, Glen issued a media release stating that his web hosting provider, YouTube, had removed videos of Tom Cruise which formed part of the site. The release suggested that YouTube had taken this action under external pressure from Cruise or Viacom.

Responding to a query by Wikinews reporters, YouTube stated “We have not received a DMCA notification letter from Viacom.” The Church of Scientology was offered the opportunity to respond to the claims made by Stollery during the interview. No reply was received.

This exclusive interview deals with these issues and others relating to the website. It was conducted with Glen via email between March 21 and April 3, 2006.

Tuesday, August 25, 2009

Naledi Pandor, Minister of Science and Technology in South Africa, publicized results of a study on Tuesday on the role of women in the fields of science and technology in the country. Though women only make up thirty-three percent of publishing scientists in the country, their numbers have increased in recent years. When compared to a similar study from 2004, trends show increased enrollment of women in higher education.

Pandor was disappointed by the dearth of individuals that attended the announcement of the results of the study at the Parliament of South Africa. “It shows the degree to which science does – or doesn’t – matter to South Africans,” said Pandor. Prior to her role as Minister of Science and Technology, Pandor had served as Minister of Education of South Africa.

Professor Anusuya Chinsamy-Turan, a woman scientist in South Africa, commented to News24 that some educational organizations in the country were “really, really hostile to women”.

Pandor highlighted problems affecting women and specifically black women in the country from increased participation in science, including “financial difficulties before and during tertiary studies, gender stereotyping, legacies of disadvantage in black communities, negative dynamics at workplaces, and the lack of attention to women’s specific needs”.

Women in the country are advancing against men in science fields, particularly engineering, agricultural studies and biology. At present there are a greater number of women than men among enrollments for degrees in higher education, and among individuals obtaining those degrees. According to The Times, “their biggest gain has been in health sciences, where women earned more than half the doctorates awarded in 2005”. Pandor emphasized a current need for additional women to enter the fields of technology and engineering.

The announcement at Parliament in South Africa was part of the launch of the “Facing the Facts 2009” booklet, which was published by a sub-committee of the National Advisory Council on Innovation (NACI), Science, Engineering and Technology for Women (SET4W). Dr. Romilla Maharaj of SET4W presented the report to Parliament, and stated that enrollment by women in higher education had increased by one percent from a previous study. Dr. Maharaj noted that women were still currently in the minority among individuals with degrees in higher education.