Tuesday, October 7, 2008

The Icelandic internet bank, Icesave, has suspended all 300,000 of its UK customer accounts, leaving account holders in the United Kingdom unable to withdraw or deposit any funds. A message on its website posted this morning states:

“We are not currently processing any deposits or any withdrawal requests through our Icesave internet accounts. We apologise for any inconvenience this may cause our customers. We hope to provide you with more information shortly.”

The internet bank, owned by the Icelandic bank, Landsbanki (Landsbankinn), which was recently nationalised in an attempt to rescue it, has been hit by the global financial crisis. Reports from the United Kingdom suggest that the traders and city are preparing for the parent company to be declared insolvent, leaving customers to recover their monies through a financial compensation scheme being backed by the Icelandic Government. The plan will cover the first € 20,887 (Approx £16,300 / $28,720), the remainder of the customers funds being recovered through the UK’s own financial compensation system.

Following the decision to nationalise Landsbanki, the Icelandic Prime Minister, Geir Haarde, who introduced and signed the emergency legislation into law, stated:

In describing and explaining its actions in nationalising the bank, the Icelandic Financial Supervisory Authority issued this brief statement:

In response to the deepening world financial situation, the Dutch government has this afternoon increased its savers protection from €38,000 to €80,000 effective immediately, to help secure the financial status of its savers within Holland. Icesave also has a Dutch branch, icesave.nl – their website was unreachable at the time of this article.

Thursday, May 11, 2006

The Australian House of Representatives heard the traditional right-of-reply to the Budget released May 9, from the Australian Labor Party, led by Kim Beazley (Labor, Brand), plus Budget replies from minor parties in the Australian Senate.

While the Budget is politically popular, having as one of its main features significant tax reform, Beazley focused on the omissions in the Budget, such as the failure to address a skills shortage.

Friday, December 29, 2006

Real estate tycoon Donald Trump on CNN’s Anderson Cooper 360 reacted to Rosie O’Donnell’s comments about him on the The View.

“Rosie has some real problems,” Trump said on Anderson Cooper 360. “Rosie’s a loser. She’s been a loser always.”

It started when Miss USA Tara Conner was caught under age drinking. Trump, the owner of the Miss Universe Organization, gave her a second chance. Rosie O’Donnell called him a “Pimp” on her personal blog and said he has no right to be “the moral compass for 20-year-olds in America” on The View, which she co-hosts.

“Rosie got mentally beaten up by me,” Trump told The Post yesterday, “because she’s a mental midget, a low-life.”

“It’s too bad a degenerate is able to get away with things like that,” Trump said yesterday. “I met Tara the night of the pageant and didn’t see her again until she got into trouble.”

Trump said that he would sue her over her comment.

“It will never end on my behalf because I’ve exposed Rosie for what she is: a very dumb human being,” Trump told the Associated Press. “She’s got no intelligence, but I’ve known that for a long time. Unfortunately, Rosie’s pulled the wool over the public.”

When CNN contacted O’Donnell, one of her representatives said she was unavailable for comment. CNN’s Anderson Cooper 360 also said that she is welcome to comment anytime.

Wednesday, March 23, 2005

A bill passed by India’s Parliament put an end to the manufacture of many cheap generic drugs copied from products protected by foreign company patents. A Patents Amendment Bill (2005) has been condemned by foreign aid groups who expect a significant rise in drug costs as a result of the bill.

Drug compounds in India were previously not protected by patents, meaning that research and developement costs borne by the originating manufacturers were avoided by generic drug producers. The new bill “will move India toward the patent mainstream and support and encourage innovation and investment in research and development in India,” said Ranjit Sahani, managing director of Novartis India.

As the world’s fourth-largest manufacturer of drugs by volume, the pharmaceutical industry in India is valued at US$5 billion – but ranks as only 13th by value, reflecting the low costs to consumers of the products. “Because India is one of the world’s biggest producers of generic drugs, this law will have a severe knock-on effect on many developing countries which depend on imported generic drugs from India,” said Samar Verma, regional policy adviser at Oxfam International.

Around half of African, Asian and Latin American HIV patients needing anti-retroviral drugs rely on low-cost drugs from India, which are sold at one twentieth the price of similar drugs produced in the West.

More than 90 per cent of drugs listed as essentials in India are either unpatented or expired. Drugs patented before 1995 — when the World Trade Organization [WTO] set a 10 year deadline to enact protection — will not be eligible under the bill.

Some degree of protection was mandated by WTO in order for India to have greater access to international markets. Opposers of the bill say it goes too far.

The Agreement on Trade-Related Aspects of Intellectual Property Rights [TRIPS], under WTO, allows developing countries to not provide patent protection for uses of known drugs, new dosages and formulations, or combinations of known drugs.

Sunday, August 21, 2005

A robotic system at Stanford Medical Center was used to perform a laparoscopic gastric bypass surgery successfully with a theoretically similar rate of complications to that seen in standard operations. However, as there were only 10 people in the experimental group (and another 10 in the control group), this is not a statistically significant sample.

If this surgical procedure is as successful in large-scale studies, it may lead the way for the use of robotic surgery in even more delicate procedures, such as heart surgery. Note that this is not a fully automated system, as a human doctor controls the operation via remote control. Laparoscopic gastric bypass surgery is a treatment for obesity.

There were concerns that doctors, in the future, might only be trained in the remote control procedure. Ronald G. Latimer, M.D., of Santa Barbara, CA, warned “The fact that surgeons may have to open the patient or might actually need to revert to standard laparoscopic techniques demands that this basic training be a requirement before a robot is purchased. Robots do malfunction, so a backup system is imperative. We should not be seduced to buy this instrument to train surgeons if they are not able to do the primary operations themselves.”

There are precedents for just such a problem occurring. A previous “new technology”, the electrocardiogram (ECG), has lead to a lack of basic education on the older technology, the stethoscope. As a result, many heart conditions now go undiagnosed, especially in children and others who rarely undergo an ECG procedure.

Thursday, November 18, 2010

Liverpool Crown Court jailed an ex-policeman who led a double life as a senior figure in a Preston, England drugs gang. Salim Razaq, described by his Assistant Chief Constable Andy Cooke of Lancashire Constabulary as “nothing short of a criminal in a police uniform”, received eleven-and-a-half years imprisonment on Tuesday after being caught during a ‘turf war’ with a rival gang.

The 33-year-old spoke to his brother over the phone while the latter was in jail on remand for kidnap and assault. Hafiz ‘The Enforcer’ ‘Big Haf’ Razaq was involved in hijacking Mohammed Begg’s BMW and abducting him. Begg, linked to the Fishwick gang, was tortured and beaten for three hours by Hafiz and other Deepdale gang members. Salim and Hafiz discussed money laundering and plans to intimidate witnesses in Hafiz’s trial. Other officers bugged the calls, their suspicions aroused when Salim improperly used the force computer system to check on family members and associates.

Lancashire Police’s Professional Standards Department then raided Salim’s home in Walton-le-Dale, near Preston, and found £72,000 in laundered cash hidden in the police sergeant’s bedroom. Three machine guns — two Uzis and a Sten — were concealed under the stairs. 228 bullets, a bullet-proof jacket, a balaclava, and a knuckle-duster were also confiscated.

Last month he entered guilty pleas to two counts of perverting the course of justice, three counts of possession of a firearm, possession of ammunition, conspiracy to transfer criminal property, conspiracy to acquire or retain criminal property and misconduct in a public office. The conspiracies referred to money laundering; the misconduct was for abusing the police database.

Salim joined the police in 2001 and served as a traffic cop patrolling motorways, before his promotion to sergeant in January last year. He was dismissed in June when the force convened a Special Case Hearing to fast-track the process.

Salim and Hafiz’s mother Gulshan admitted perverting the course of justice; her role was to intimidate witnesses. Hafiz entered guilty pleas to money laundering and two counts of perverting the course of justice. Two more gang members — Jason Lawrenson and Daniel Cookson — admitted money laundering, and another man, Louis Bamber, admitted possession of a firearm.

Gulshan was given a 44-week sentence suspended for two years and Hafiz received three-and-a-half years, this in addition to a six-year sentence for the attack on Begg. It was this attack that initiated the war, with a Deepdale member being shot in the throat in retaliation.

In sentencing Salim Judge Henry Globe QC said “The offending took place over an extended period of time. It amounts to a breach of trust, a dereliction of duty and it amounts to extremely serious and persistent criminal offending whilst ostensibly, supposedly upholding criminal justice in your capacity as a serving police officer. Your actions have brought potential discredit to the police force. It would have made the tasks of other officers more difficult. In particular, I make reference to the gravity of your offending in relation to the firearms offences.

“It cannot be exaggerated that the guns you knowingly had in your possession were three sub machine guns with many rounds of live ammunition to be used with them. There was no conceivable, lawful or justifiable purpose that anyone could have had to have them in their possession.”