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.

Wednesday, December 1, 2021

As reported by state-run Chinese newspaper The Beijing News on Sunday, a North Korean defector has been captured by law enforcement after a 42-day long chase following his escape from prison. Going by the Chinese name Zhu Xianjian, the 39 year-old man had been arrested for illegal entry into China, theft, and larceny. His deportation back to North Korea from Jilin Province was scheduled to take place in 2023, after his sentence ended.

Images and video of the capture were released alongside the report, showing Zhu being carried into a police car by law enforcement, near the lakeside house where he was apprehended. According to a video released by the South China Morning Post, reports say that Zhu was shot in the leg while trying to flee. A 200,000 yuan (31,284 USD) bounty had been instituted for any tips or information that could lead to the defector’s capture, Business Insider reported. Zhu had escaped from Jilin prison on October 18, after climbing on a storage shed and leaping off a wall.

Zhu had escaped from North Korea in July 2013, after swimming across the Tumen river, which acts as a natural border between North Korea and China. Prior to his escape, Zhu had been living as a coal miner in North Korea.

North Korean defectors face imprisonment and possible torture if caught in China. A bilateral border agreement signed in 1986 between China and North Korea warrants the deportation of all Korean defectors caught by Chinese authorities back to North Korea.

Wednesday, April 8, 2009

Ernest Krajniak from Chilton, Wisconsin in the United States has been charged with arson after a lit cigarette ignited gasoline soaked clothes, setting his apartment ablaze.

On Friday April 3, Krajniak, 47, cleaned his entire apartment with about five gallons of gasoline, wiping everything down with the soaked clothes. After he was finished, he piled the soaked clothes in the center of his bedroom, lit a cigarette and then threw what was left of the still lit cigarette, into the pile.

Krajniak never called the fire department and never pulled the alarm. Instead he yelled ‘fire’ a few times then walked to the police station where an ambulance took him to a local hospital for the treatment of minor burns. The fire department later arrived to put out the blaze and his apartment was extensively smoke damaged. 11 other apartments were also damaged, leaving the occupants without a place to stay for at least a week.

“I should have never used that,” said Krajniak during a court appearance on Monday. He admitted to knowing that gasoline was highly flammable. He was arrested and his bond has been set a US$2,500. Krajniak’s next court appearance is scheduled for Monday, April 13. According to WISinfo.com, Krajniak has no prior criminal record.

The careless smoking of cigarettes has been blamed for thousands of fires across the U.S. In January 2008, an unnamed elderly woman in Buffalo, New York was receiving oxygen for medical problems in her home and lit a cigarette and began to smoke it. The oxygen coming from her mask then facilitated the ignition of her clothing, setting her on fire.

In the U.S. in 2002, only 4% of all residential fires were reportedly caused by smoking materials. 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.

Monday, March 27, 2006

Prince Edward formally closed the XVIII Commonwealth Games last night in a spectacular 4 hour ceremony at the Melbourne Cricket Ground.

About 85,000 spectators were in attendance; British Prime Minister Tony Blair and Australian Prime Minister John Howard were also there.

Melbourne 2006 Chairman Ron Walker said that the games were “the greatest coalition of Commonwealth nations ever seen….We have all been united by the moment… …Melbourne, we did it!”

Commonwealth Games Federation chairmen Mike Fennell; named Indian Shooting competitor Samaresh Jung as the winner of the David Dixon Award, for being the Best Athlete of the 18th Commonwealth Games. Jung won five Gold; one silver and one bronze medal in the Games.

Fennell also praised the organisation, crowds, volunteers, transport, and support services as well as the athletic performances and he said that the games had been an “incredible success”.

Tuesday, March 28, 2006Petrol prices across the UK rose to an average of 91.1p per litre (U.S. $6.02 per U.S. gallon) of premium unleaded on Tuesday, which is the highest they have been for five months. Prices have been rising ever since December 2005, when they reached a trough in the current cycle of 87.6p a litre ($5.79/gal.), and have gained about 1.5p a litre (2.6 cents) in the last 10 days.

Across the UK, petrol prices ranged from 86.9p to 100.9p ($5.74 to $6.67) for unleaded and 89.9p to 105.9p ($5.94 to $7.00) for diesel.

These figures coincide with the results of a motorists survey from AA Personal Loans, which showed that most drivers are ignorant of petrol prices. Just 14% of those surveyed were able to correctly give the current price of petrol. Out of 1700 people surveyed, the lowest estimate was 69p a litre ($4.56/gal.) and the highest was £3 a litre ($19.83/gal.).

Friday, August 10, 2012

After two days of mourning, the West African nation Ghana is giving its late president John Atta Mills a state and military burial today at Geese Park, a bird sanctuary near the seat of government, Osu Castle, along the Atlantic Ocean.

His mortal remains, which were moved from the Banquet Hall in Accra, currently lie in a Ghana flag-draped casket at Ghana’s Independence Square (Black Star Square). The burial ceremony is ongoing as thousands have gathered to bid him farewell.

Eighteen heads of state; President of the ECOWAS Commission, Kadre Quedraogo; and Hillary Clinton, US Secretary of State are among the dignitaries present for the ceremony.

The Chief Officiating Minister of the ceremony the Most Reverend Professor Emmanuel Asante, in an interview with Radio Ghana earlier, has congratulated Ghanaians for uniting to mourn the dead leader.

Mills was 68.

Monday, October 11, 2010

Wikinews interviewed author Amy Scobee about her book Scientology – Abuse at the Top, and asked her about her experiences working as an executive within the organization. Scobee joined the organization at age 14, and worked at Scientology’s international management headquarters for several years before leaving in 2005. She served as a Scientology executive in multiple high-ranking positions, working out of the international headquarters of Scientology known as “Gold Base”, located in Gilman Hot Springs near Hemet, California.