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Saturday, November 27, 2010

A 19-year-old Oregon, U.S. resident has been charged with attempting to use a weapon of mass destruction after a sting operation; authorities say Mohamed Osman Mohamud, born in Somalia, tried to detonate a van bomb using a mobile phone at a Christmas tree lighting ceremony in Portland.

The device, police stated, was fake; he reportedly obtained it from undercover agents during a sting operation. Reports say Mohamud, a US citizen, had been in regular contact with somebody in north-west Pakistan.

Authorities intercepted e-mails they say were between Mohamud and this contact in August 2009. Holton reassured Oregon residents, adding that there was “no reason to believe there is any continuing threat arising from this case”. Mohamud allegededly told an FBI agent “I want whoever is attending that event to leave, to leave either dead or injured.” Dwight Holton, a U.S. attorney, described Mohamud’s “chilling determination” as a “stark reminder that there are people—even here in Oregon—who are determined to kill Americans.”

An FBI agent told reporters “[t]he threat was very real. Our investigation shows that Mohamud was absolutely committed to carrying out an attack on a very grand scale. I want to reassure the people of this community that, at every turn, we denied him the ability to actually carry out the attack.” On the day of the tree lighting ceremony, he drove a vehicle to the area where the event was to be held, and was arrested, prosecutors said, twenty minutes before the tree was to be lit. He kicked at agents as they tried to apprehend him and shouted “Allahu Akbar!” (God is great!).

Court papers indicated that an undercover agent told Mohamud that he was an associate of the Pakistani contact. When the agent and Mohamud discussed the plan, Mohamud said that he wanted a “huge mass that will be attacked in their own element with their families celebrating the holidays”. Mohamud told the agent that he had wanted to carry out a jihad (holy war) against the U.S. since he was fifteen years old.

Saturday, June 12, 2010

The 2010 Susan G. Komen St. Louis Race for the Cure, held earlier today in St. Louis, Missouri, became the world’s largest Race for the Cure, with over 71,000 participants.

2010 marks the twelfth year for the race in St. Louis, which raises money for breast cancer research nationwide. Originally brought to the city in 1999, it has raised over US$19 million. It was sponsored by Wells Fargo Advisors, a locally-headquartered brokerage firm of the financial services provider Wells Fargo. Nationally, the Race for the Cure is hosted by Susan G. Komen for the Cure, a non-profit organization supporting breast cancer research.

In 1999, there were only about 10,000 participants in the St. Louis Race for the Cure. In recent years, the number has grown to over 60,000, and today’s 5K race saw over 71,000 runners, walkers, and wheelchair racers. Despite the heat and humidity, 1,090 teams signed up, and over 4,500 breast cancer survivors participated. Overall, the race raised more than US$3.3 million. A phone bank set up by Wells Fargo and local television station KSDK contributed over US$28,000 of that amount in four hours.

Prior to the race, there was a parade of all the breast cancer survivors who had signed up for the race. The actual competition began at 8:30 a.m. CDT (1330 UTC) with the wheelchair race. Following them were the timed runners, the untimed runners, the walkers, and lastly, the “fun walk” participants, who had only opted to walk one mile (1.6 kilometres).

The Komen St. Louis Race for the Cure is only one of many Races for the Cure, which is the largest group of 5K runs and walks in the world. The first Komen race was held in 1983 in Dallas, Texas, but has since spread to over 140 cities throughout the world. Proceeds from today’s St. Louis race will benefit both local institutions and the rest of the United States. At least 25 percent of the money raised will go toward funding national research on breast cancer, while the rest will be given to organizations in St. Louis for breast cancer awareness programs.

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.

Wednesday, December 7, 2005

These are short blurbs about current events in the business world.

Tuesday, March 29, 2005A team of Australian surgeons yesterday reattached both hands and one foot to 10-year-old Perth boy, Terry Vo, after a brick wall which collapsed during a game of basketball fell on him, severing the limbs. The wall gave way while Terry performed a slam-dunk, during a game at a friend’s birthday party.

The boy was today awake and smiling, still in some pain but in good spirits and expected to make a full recovery, according to plastic surgeon, Mr Robert Love.

“What we have is parts that are very much alive so the reattached limbs are certainly pink, well perfused and are indeed moving,” Mr Love told reporters today.

“The fact that he is moving his fingers, and of course when he wakes up he will move both fingers and toes, is not a surprise,” Mr Love had said yesterday.

“The question is more the sensory return that he will get in the hand itself and the fine movements he will have in the fingers and the toes, and that will come with time, hopefully. We will assess that over the next 18 months to two years.

“I’m sure that he’ll enjoy a game of basketball in the future.”

The weight and force of the collapse, and the sharp brick edges, resulted in the three limbs being cut through about 7cm above the wrists and ankle.

Terry’s father Tan said of his only child, the injuries were terrible, “I was scared to look at him, a horrible thing.”

The hands and foot were placed in an ice-filled Esky and rushed to hospital with the boy, where three teams of medical experts were assembled, and he was given a blood transfusion after experiencing massive blood loss. Eight hours of complex micro-surgery on Saturday night were followed by a further two hours of skin grafts yesterday.

“What he will lose because it was such a large zone of traumatised skin and muscle and so on, he will lose some of the skin so he’ll certainly require lots of further surgery regardless of whether the skin survives,” said Mr Love said today.

The boy was kept unconscious under anaesthetic between the two procedures. In an interview yesterday, Mr Love explained why:

“He could have actually been woken up the next day. Because we were intending to take him back to theatre for a second look, to look at the traumatised skin flaps, to close more of his wounds and to do split skin grafting, it was felt the best thing to do would be to keep him stable and to keep him anaesthetised.”

Professor Wayne Morrison, director of the respected Bernard O’Brien Institute of Microsurgery and head of plastic and hand surgery at Melbourne’s St Vincent’s Hospital, said he believed the operation to be a world first.

Tuesday, June 27, 2006

Ikeda Kanako, a 21-year-old senior student of the Meiji Gakuin University and the first daughter of celebrity surgeon Yuko Ikeda, was kidnapped at about 1225 (UTC+9), June 26, 2006, in Shibuya, Tokyo.

A bullet was fired and one officer slightly cut when police stormed a Kawasaki apartment to rescue the girl.

Kanako was dressed in a white light half-sleeved cardigan, blue jeans with a bistre belt made of leather, a spring green camisole and carried a bag of Vuitton when she was abducted at a bus stop.

She was found unharmed 13 hours later by Japanese police at a condominium located in Nakahara-ku, Kawasaki, Kanagawa. The young woman’s make-up was not disordered; Kanako’s long brown fringe was not disheveled at all and she was wearing what she had been when she was kidnapped.

The kidnapping of Kanako was a big story in Japanese media in June, 2006. The story appeared in many newspapers as the front-page news on June 27, 2006.

Kanako and her kidnappers had been in touch with her mother using Kanako’s mobile phone. The effort to free her was helped greatly by a woman who witnessed the moment Kanako was taken; she wrote down the license plate of the van and other details.

Police traced mobile phone calls and were able to locate the van in Kawasaki where they detained two of the kidnappers as they went shopping.

One conspirator Li Yong, 29, from China, led the policemen to the apartment and tricked Kaneo Ito, 49, from Japan, to open the door. Ito managed to discharge one bullet before being restrained by an assistant police inspector, the first man in the room.

The other man involved in the kidnap of Kanako was Choi Gi Ho, 54, from South Korea. Kanato was freed unharmed.

The Tokyo Metropolitan Police Department arrested three men on suspicion of conspiring to kidnap a woman and hold her to a reported 300 million yen ransom.

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.