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Tuesday, August 23, 2016

The following is the third edition of a monthly series chronicling the U.S. 2016 presidential election. It features original material compiled throughout the previous month after an overview of the month’s biggest stories.

In this month’s edition on the campaign trail: two individuals previously interviewed by Wikinews announce their candidacies for the Reform Party presidential nomination; a former Republican Congressman comments on the Republican National Convention; and Wikinews interviews an historic Democratic National Convention speaker.

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.

Tuesday, May 3, 2005

Most heroin sold in Europe comes from Afghanistan’s poppies. This past week, the 2005 opium harvest was in full view and going full speed in Afghanistan. The cultivators gathering resin from the crop are operating even near the main road through Kandahar and the farmers are out gathering resin from opium poppies in full view.

Last year 80% of the world’s opium came from Afghanistan and production is up over 239% since 2003, according to U.S. government estimates. Afghanistan is the world’s largest producer of illegal drugs.

In 2002 Super Bowl ads, the White House sent out the message that “drugs fund terrorists”. Doug Wankel, a former U.S. Drug Enforcement Administration (DEA) official, says the opium industry is “financing terrorism. It’s financing subversive activities. It’s financing warlordism… And if it’s a threat to the government of Afghanistan, it’s a direct threat to the national security interests of the United States.”

“The Bush administration has decided not to destroy the opium crop in Afghanistan,” stated a U.S. intelligence official returning from Afghanistan in relation to the 60% smaller 2002 crop. The source, who requested that he not be identified, noted “U.S. forces could destroy the crops using aerial spraying techniques, but no such actions are planned.”

U.S. plans to spray the crops were canceled at the request of Afghan President Hamid Karzai, who has called for jihad or “holy war”, but is concerned that aerial spraying could be harmful to the health of Afghan villagers. The U.S. claims that the spraying would be safe, but is granting Karzai’s request.

Karzai has indicated that he may change his mind if other U.S. strategies fail to halt the opium. Congress budgeted $774 million for anti-drug operations in Afghanistan just this year.

The CIA reports in From Flowers to Heroin that it takes 10 kg of opium to make 1 kg of 90% pure heroin. The CIA states that impurities are introduced into the processed heroin before it hits the street, making the purity of the end consumer product about 40%. That implies that 10 kg of opium makes about 2.25 kg of 40% pure heroin.

The Guardian reports that the 2002 opium harvest was 3400 metric tons. Using the conversion supplied by the CIA, 2002’s 3400 opium harvest could be converted into 765 metric tons of heroin. According to the International Narcotics Control Board, the 2003 opium harvest was 3600 metric tons. Using the estimated 239% increase of the present harvast over 2003, it means that the 2005 harvest is about 8600 metric tons.

The 2002 street price of heroin in the UK was about 60 £ per GRAM, or (assuming the present 1.89 USD to 1 £ exchange) 113.40 USD per GRAM. As the supply goes up the price will come down some, so for this calculation only the 2002 figures will be used. If all the opium harvest is converted into heroin and all of it is sold at the UK street price, the total street value of the harvest is 86.7 billion USD. (765 metric tons x 1000 kg/metric ton x 1000 grams/kg x 113.4 USD/gram = about 86.7 billion USD.) To the extent the 2002 numbers are valid today, the street value of the 2005 harvest should be roughly twice the street value of the 2002 harvest, about 173 billion USD.

To put these numbers in perspective, the total market capitalization of Ford, General Motors and Daimler Chrysler combined is about 76 billion USD. The total market capitalization of Toyota and Honda combined is about 167 billion USD.

The Financial Action Task Force (FATF) was formed to promote harmonization of international antimoney laundering (AML) laws. Despite the fact that tens of billions of USDs are generated from the Afgan opium harvest alone, the FATF has not added Afghanistan to its blacklist of uncooperative nations. One has to wonder, therefore, what the poppy farmers are doing with their share of the money that escapes the notice of the banking system and the FATF.

Thursday, May 13, 2010

Wikinews reporter Iain Macdonald has performed an interview with Dr Isabella Margara, a London-based member of the Communist Party of Greece (KKE). In the interview Margara sets out the communist response to current events in Greece as well as discussing the viability of a communist economy for the nation. She also hit back at Petros Tzomakas, a member of another Greek far-left party which criticised KKE in a previous interview.

The interview comes amid tensions in cash-strapped Greece, where the government is introducing controversial austerity measures to try to ease the nation’s debt-problem. An international rescue package has been prepared by European Union member states and the International Monetary Fund – should Greece require a bailout; protests have been held against government attempts to manage the economic situation.

Monday, May 23, 2016

In the German DFB-Pokal final, on Saturday, Munich-based football club FC Bayern Munich defeated rivals Borussia Dortmund 4–3 in a penalty shoot-out decider as the match ended 0–0 after 120 minutes at Olympiastadion in Berlin. This marked the third consecutive loss for Dortmund in the German Cup final. This was the eighteenth German Cup win for Bayern and eleventh domestic double.

Bundesliga winners Bayern Munich had 70% ball possession in the game and had seventeen shots while Dortmund hit just nine. With a total of seven yellow cards shown in 120 minutes, 35 fouls were committed.

Dominating Bayern faced a shot from Pierre-Emerick Aubameyang which was saved in the 85th minute. Erik Durm’s sliding tackle saved a goal for Robert Lewandowski’s shot in the fourth minute of the extra time.

As normal time ended goal-less, the match progressed to additional time. Roman Bürki delayed the Bavarian victory by disallowing Douglas Costa’s 113th minute shot as well as David Alaba’s shot in the next minute.

In the penalty shootout, Manuel Neuer saved Sven Bender’s spot kick, and Sokratis Papastathopoulos missed while Joshua Kimmich failed to score for Munich.

In the end, Munich won the cup defeating their rivals 4–3 on penalties. This match was the last match for Dortmund for their captain Mats Hummels as he is due to move to Munich next week.

In a pre-match conference, Thomas Tuchel, Borussia Manager, said, “Once you’ve reached five finals over the course of five years, simply reaching the final is no longer enough!” ^{((de))German Language: ?Wenn man fünf Mal in fünf Jahren in einem Endspiel steht, ist eine Final-Teilnahme nicht mehr genug!}

Dortmund has won the DFB-Pokal three times. Including the 2012, 2014 and 2015 DFB-Pokal finals they have featured in five finals in the last five seasons in various competitions including the 2013 UEFA Champions League Der Klassiker final. This was Pep Guardiola’s seventh trophy with Bayern Munich in his three years as the club manager. He won the Bundesliga title each season and he is set to join Manchester City next season.

Wednesday, May 4, 2016

News reports on Monday indicated authorities in Palestine, Texas identified a sixth victim following flash flooding late last week. Giovani Olivas, 30, was reportedly swept away in the flood.

In under an hour late Friday evening, Palestine was deluged by seven inches of rain, causing residents of one neighborhood to flee to their rooftops. Over 30 buildings, included many homes, in the city suffered significant damage.

Lenda Asberry, 64, a retired school teacher, and her four great grandchildren also drowned during the flood. Onlookers reported the woman was attempting to get the children to safety when they were swept away. Asberry’s daughter told reporters water levels were up to the woman’s neck while attempting to save the children.

One resident of the area told reporters “[her] furniture was floating around” inside her home, forcing her to climb atop her couch to seek safety.

Dark skies blanketed the nearby city of Tyler hours before the storm struck. At least one government office located in the Palestine area was closed on Monday and was slated to remain closed on Tuesday due to water damage. A tornado also ravaged much of nearby Lindale, Texas, resulting in severe damage of at least one residence. The storm system moved up along the US eastern seaboard over the weekend.