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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.

Thursday, May 27, 2010

According to Democratic Senator Mark Begich from Alaska, the U.S. Department of the Interior has decided to halt all new Arctic exploratory oil drilling applications until 2011. The response is believed to be caused in part by the two current oil spill disasters (that of the Deepwater Horizon Incident and more recently the Alaska oil pipeline malfunction). However, Begich is not happy about the actions taken by the White House.

“I am frustrated that this decision by the Obama administration to halt offshore development for a year will cause more delays and higher costs for domestic oil and gas production to meet the nation’s energy needs,” Begich claims.

Last September, the state of Alaska made a public notice about Shell’s desire to drill off the coast of the Beaufort Sea, placing experimental drilling rigs at two drill site location: “Torpedo” and “Sivulliq”.

“Shell is committed to undertaking a safe and environmentally responsible exploration program in the Chukchi Sea and Beaufort Sea in 2010,” said Shell Oil Company President Marvin E. Odum to the U.S. Department of the Interior’s Mineral Management Service (MMS).

Odum follows with, “I am confident that we are ready to conduct the 2010 Arctic exploratory program safely and, I want to be clear, the accountability for this program rests with Shell.”

Chuck Clausen, director of the Alaska project at the National Resources Defense Council is not so optimistic: “Hazards present in the Arctic can include frigid temperatures, presence of sea ice, gale-force winds, intense storms and heavy fog … The potential for loss in the Arctic is great.”

Odum believes that the climate in the arctic will make any spill easier to clean up because, “Arctic conditions create differences in responding to oil in cold and ice conditions. Differences in evaporation rates, viscosity and weathering provide greater opportunities to recover oil. In Arctic conditions, ice can aid oil spill response by slowing oil weathering, dampening waves, preventing oil from spreading over large distances, and allowing more time to respond.”

However, Clausen believes that there are no current systems to remove oil from icy ocean waters.

This is not the first time that President Obama’s administration has taken the environmentally cautious path in Alaska. The President put Bristol Bay off limits to oil and gas exploration until 2017. Bristol Bay currently is one of the top salmon fishing grounds in the state.

Interior Secretary Ken Salazar is expected to give a speech at Thursday’s White House address, regarding the suspension of Arctic oil drilling projects.

Thursday, April 5, 2007

An evacuation operation was carried out today as a cruise ship ran aground off the coast of Santorini, a Greek island, leaving up to 1,167 passengers and 391 crew to abandon the ship.

The Sea Diamond took on water and listed twelve degrees after running aground, but had been stabilized. Fifteen hours after the grounding, the ship sank.

Cruise operator Louis Cruise Lines had announced earlier that all passengers and crew were accounted for. Officials are now reporting that two passengers are missing. A 45-year-old man, Jean-Christophe Allain, and his 16-year-old daughter, Maud, were reported missing by family members also on the cruise, according to a merchant marine ministry official.

BBC journalist Malcolm Brabant reported that the missing passengers had been in a lower-deck cabin when the ship ran aground. Allain’s wife and son escaped safely to the upper decks.

Most of the passengers on board the Sea Diamond ship are either American or German. Local news reported that the ship is taking on water after striking a reef in the volcanic island’s lagoon, similar to a lake, and issued a distress signal, launching an operation that led more than a dozen ships and five Greek Navy helicopters to evacuate all the people on board, with many boarding a small ferry.

The ship was about one nautical mile – 1.8km – from the island’s coast when it ran aground. The ship’s operators, Louis Cruise Lines, earlier said that a “controlled evacuation” was underway, but that “there is no danger to passengers”. The ship had left the Athenian port of Piraeus on Monday for a five-day tour of the islands. The sea was calm when the incident occurred.

“Some passengers have already reached the island and no-one has been hurt,” an official at the Santorini coastguard has said, whilst Merchant Marine Minister Manolis Kefaloyiannis said to reporters, “Thankfully, everything has gone well so far. Emergency services responded very quickly and very well.”

Friday, January 8, 2010

Tsutomu Yamaguchi, the only Japanese civilian to be officially recognized as having survived both the atomic bombings of Hiroshima and Nagasaki by the United States in August of 1945 at the conclusion of World War Two, has died this Monday at the age of ninety-three, due to stomach cancer—one of the numerous illnesses that he suffered throughout his lifetime as a direct result of his exposure to nuclear radiation.

Mr. Yamaguchi, although he was against his nation’s involvement in the War, worked as a engineer for Mitsubishi—a company that helped equip and supply the Japanese Imperial Army. He was on business in Hiroshima at the time of the first bombing on August sixth. His almost direct exposure to the atomic explosion temporarily blinded him, ruptured his ear drum (leaving him permanently deaf in his left ear), and severely burnt the top half of his body. Three days later, having gone back to work in Nagasaki, he was approximately three kilometers away from the site of the second bomb. Although he was exposed to significant radiation in this instance as well, Mr. Yamaguchi was left relatively unscathed.

Following Japan’s surrender and the end of the War days later, Mr. Yamaguchi worked as a translator for the occupying American forces and later as a local schoolmaster, before eventually returning to Mitsubishi—which had since then become an automobile manufacturer.

In his later years, Mr. Yamaguchi became a respected lecturer who gave talks about his experiences, and publicly spoke out against the stockpiling of nuclear weapons.

For instance, in 2006, he addressed the United Nations General Assembly. “Having been granted this miracle, it is my responsibility to pass on the truth to the people of the world,” Mr. Yamaguchi said to the Assembly. He went on to say, “My double radiation exposure is now an official government record. It can tell the younger generation the horrifying history of the atomic bombings even after I die.”

When asked by the British Broadcasting Corporation what his reaction was to Mr. Yamaguchi’s death, the mayor of Nagasaki said that “a precious storyteller has been lost.”

Among the family and friends Mr. Yamaguchi left behind were his three adult children—who have also had health issues in their lifetimes thus far that they think may have be related to their father’s initial exposure.

Thursday, October 25, 2007

The United Nations Environment Programme (UNEP) has released a comprehensive report on the current state of the global environment. Climate change, food and water shortage and a decline in biodiversity threaten humanity’s survival, so urgent action is necessary, the report warns.

UNEP’s Global Environment Outlook: environment for development (GEO-4) report involved the work of about 390 experts in various fields from around the world.

While the GEO-4 report salutes some improvements, for example the increased public awareness of environmental issues and political interest, it also warns that “There are no major issues… for which the foreseeable trends are favourable.” Although the report sets out a gloomy scenario, its main aim is to call for action.

Sunday, October 1, 2017

Both suspects in the death of Savanna Greywind have entered not guilty pleas in court in Fargo, North Dakota, United States. On Tuesday, William Hoehn, acting through his lawyer, pled not guilty to counts of conspiracy to commit murder, kidnapping, and giving false information to the police. On Thursday, his girlfriend Brooke Crews did the same, procedurally. Hoehn’s next hearing is scheduled for December and Crews’ for January.

“At this point, Ms. Crews chose on my advice not to specifically enter a plea. The judge entered a not guilty plea, procedurally to move the case forward,” Crews’ lawyer, Steven Mottinger, told the press.

Savanna Greywind, 22, whose body was found wrapped in plastic by kayakers in the Red River on August 27, was eight months pregnant when her relatives called the police to report her missing. According to court documents, the police first responded to a call at 2825 9th St. N. #2 in Fargo on August 19, and spoke to the man and woman who lived at #5, Brooke Crews and William Hoehn, but did not execute a search warrant until August 24, at which time they found Brooke with a baby girl. Hoehn would later tell police he had discovered Crews in their bathroom wiping up blood, and she showed him the infant and told him, “This is our baby. This is our family.” Crews would tell the police Greywind had given her the baby. Both told police the girl is Greywind’s daughter, and a DNA test was performed to confirm the child’s identity.

Greywind worked as a nursing assistant at the Eventide Fargo senior center in West Fargo, the Minneapolis Star Tribune reported. According to her boyfriend, Ashton Matheny, they had planned to name their daughter Haisley Jo, and had recently leased an apartment where they planned to live with their child. Now, Matheny says, he plans to move to the Spirit Lake Reservation northwest of Fargo to raise his daughter near family. He and Greywind both belong to the Spirit Lake Tribe. Ashton and Greywind’s parents were permitted to visit the child in the hospital pending confirmation of her identity, and Matheny has since been awarded full custody.

Matheny, in remarks to the Minneapolis Star Tribune, said “I’ve been waiting to be a father for a while[…] She’s the only good thing that came out of this. She looks like Savanna.”

Earlier in September, tribal leaders sent an open letter to North Dakota’s US congressional delegation with several demands regarding Greywind’s case and the violence faced by Native Americans nationwide. Among other things, they asked that the United States Department of Justice establish a cross-jurisdictional task force to establish a clear system for investigating the deaths and disappearances of Native American women.

The tribal leaders’ letter reads in part: “During the gatherings and prayers for Savanna, we heard story after story from families who also have women in their families missing or with unsolved murders[…] The murder of Savanna illustrates a much larger problem of epic proportions.”

Monday, November 19, 2012

The Israeli Defense Force (IDF) has admitted that in an airstrike, they targeted an office building housing offices for international media in Gaza City on Sunday night. The IDF called their specific targets “Hamas operational communication sites”. The IDF also claims Hamas staged a scene outside the building to make it appear an injured man was being taken away in an ambulance, who was “seen minutes later walking around.”

“Overnight, the IDF targeted two Hamas operational communication sites that were identified by precise intelligence. The first site was targeted at approximately 01:40 a.m. and was an infrastructure of Hamas’ operational communications, located inside a civilian building,” said the IDF in a statement on its website.

Reuters reports eight journalists were injured in the attack with one journalist needing a leg amputated.

The IDF also admits they knew international journalists had offices in the building and targeted it because “Hamas’ operational communications [were] deliberately located on the roof of the building, in which several international media bureaus reside.”

“We obviously knew there were journalists in the building, so we did not attack other floors in the building”, said Avital Leibovich, a spokesperson for the IDF. Sky News, RT News, Ma’an news agency, and al-Quds TV, among other agencies, all have offices located in the building.

Though the IDF admits they knew international journalists were inside the building, a spokesperson denies they were the target saying, “Hamas took a civilian building and used it for its own needs. So the journalists … were serving as human shields for Hamas”. The IDF statement goes on to say that journalists were warned to “stay clear of Hamas’ bases and facilities.”

The building was reportedly bombed three times. After the IDF bombed the building once, there was a pause during which occupants evacuated before the IDF bombed it two more times.

According to Protocol 1, Article 79 of the Geneva Convention, targeting journalists or civilians is considered a war crime. “Journalists engaged in dangerous professional missions in areas of armed conflict shall be considered as civilians…. They shall be protected as such under the Conventions and this Protocol, provided that they take no action adversely affecting their status as civilians, and without prejudice to the right of war correspondents accredited to the armed forces”.

Tuesday, November 21, 2006

24 years ago Iraq and Syria severed diplomatic relations because Syria accused Iraq of giving support to the Muslim Brotherhood who were causing disorder in Syria. Now, as an outcome of meetings between Walid Moallem the Syrian Foreign Minister, the Iraqi President Jalal Talabani and Prime Minister Nuri al-Maliki, relations will be restored.

Both countries are agreed that the borders between them should be sealed more tightly to prevent the flow of fighters, arms and ammunition to Iraq, Syria saying that Iraq should do more to secure the border than it has been doing lately.

The two countries are agreed that US troops are needed in Iraq at present but that they should leave as soon as they are no longer needed. Syria wants a timetable for the progressive withdrawal of US forces.

The steps needed to establish full diplomatic relations and to open embassies in Baghdad and Damascus are set out in an agreement signed today in Baghdad. Zebari proclaimed “We will hoist the Iraqi flag in Syria and the Syrian flag in Iraq”.

Meanwhile, President Talabani has agreed to meet Iran’s President Mahmoud Ahmadinejad in Tehran on Saturday to discuss security matters.

Although the British Prime Minister has been encouraging more positive relations between Iraq and its neighbors, Syria and Iran, the United States has been critical of both of them. Last week, US Secretary of State Condoleezza Rice said she was opposed to including Syria and Iran in talks about security in Iraq. She accused Syria of having aligned itself with “the forces of extremism” and expressed frustration that despite repeated talks with Syria, nothing seems to have influenced their behavior. Regarding Iran, she said she could see nothing in its behavior that suggested it could contribute to stability in the area. She expressed the view that Iraq must take more responsibility for its own security.

Today, the White House welcomed the news of the rapprochement between Syria and Iraq. The spokesman for the US National Security Council saying “We’ve always encouraged Iraq’s neighbors to take a role in supporting and assisting the unity government in Iraq”.

President Bush met the Iraq Study Group, headed by former secretary of state James Baker on Monday. The Democrats in the Group said that, in order to encourage the Iraqi government to face its responsibilities, there should be a phased withdrawal of US troops from Iraq, starting now. The President rejected this suggestion, remarking that this was a military matter and depended upon the situation on the ground.

Recommendations from the bi-partisan study Group are expected to be delivered to the President and Congress sometime in December this year. The group is composed of five Democrats and five Republicans.