You are currently browsing the archives for 23 April 2018.
Displaying 1 - 5 of 5 entries.

Commerce Commission fines BNZ $5 million

  • Posted on April 23, 2018 at 1:28 am

Tuesday, July 18, 2006

The New Zealand Commerce Commission has fined the Bank of New Zealand (BNZ). It has been forced to pay NZ$5 million in compensation to its customers, $500,000 in fines and $80,000 in costs to the Commerce Commission. The money will be placed into a bank account to be monitored by an auditor, and if there is any money left over it will be donated to a consumer organization.

BNZ has been forced to pay these fines for failing to disclose that they were charging their customers for the exchange of foreign currency during February, 2002 until May, 2004 on its credit and debit cards, which is a breach of the Fair Trading Act. They pleaded guilty to 21 counts of breaching the act. The BNZ say that they will contact their affected customers and that they should get their compensation by November this year. The bank is responsible for contacting all their customers.

The BNZ is the third bank to be charged, the two others were ANZ and the National Bank, which were charged $11.325 million combined as they had since become a single company.

There are still other ongoing prosecutions on these other financial services: Westpac, ASB, TSB, American Express, Diners Club and The Warehouse Financial Services. The Commission would not comment on these cases.

This article features first-hand journalism by Wikinews members. See the collaboration page for more details.
This article features first-hand journalism by Wikinews members. See the collaboration page for more details.

Paula Rebsotck, Commerce Commission Chairperson, said “the result was a victory for New Zealand consumers, many of whom would have unknowingly paid the currency transaction charges. While fees like these remain hidden, banks have no incentive to offer lower fees.”

Commerce Commission fines BNZ $5 million
»

  • Filed under:
    • Uncategorized

G7 announce debt relief plan

  • Posted on April 23, 2018 at 1:20 am

Saturday, February 5, 2005

London, UK –The quarterly G7 Finance Ministers and Central Bank Governors’ meeting at Lancaster House concluded on February 5, 2005, with the G7 failing to agree on a plan to reduce debt in developing countries. According to the Los Angeles Times, British Chancellor of the Exchequer Gordon Brown announced that he believes, “this summit will be remembered as the summit for 100% debt relief” for the 27 countries involved in the Enhanced HIPC Initiative. Ministers from other G7 countries disagreed. Brown’s so-called International Financial Facility proposal, or IFF, “would not work for the U.S,” Undersecretary of the U.S. Treasury John Taylor said to the Los Angeles Times.

The joint statement issued by the ministers in the wake of the conference stated that, “We are agreed on a case-by-case analysis of HIPC countries, based on our willingness to provide as much as 100 per cent multilateral debt relief.” The ministers did not cite a figure for the minimum amount of debt relief that would be provided.

The conference was preceded by a demonstration in Trafalgar Square on the theme of “Make Poverty History.” Nelson Mandela spoke at the demonstration, attended by an estimated 20,000 people, according to World Development Movement, an organization involved in the planning of the event. Chancellor Brown invited Mandela to address the G7 on February 4, 2005, which he did in a “fireside chat,” according to Larry Elliott of The Guardian.

The G7, or ‘Group of Seven,’ is a coalition of seven major industrial democracies: the United Kingdom, France, Germany, Italy, Japan, the United States, and Canada. They hold quarterly meetings to discuss financial matters.

G7 announce debt relief plan
»

  • Filed under:
    • Uncategorized

Google launches Google Spreadsheets

  • Posted on April 23, 2018 at 1:14 am

Tuesday, June 6, 2006

Google has launched an online spreadsheet site, in a private beta.

The site will allow spreadsheets to be shared between up to 10 users, which is aimed to be useful to teams and small businesses. “Many people already organise information into spreadsheets. Where they are struggling is to share it” said the product manager, Jonathan Rochelle.

Google recently bought the online word-processor Writely, launched a calendar product, as well as a desktop search tool. Many see this as them straying into Microsoft‘s markets.

Google Spreadsheets uses very advanced AJAX (Asynchronous Javascript And Xml) and Client Side Scripting to mimic very effectively it’s desktop counterparts’ functions.

It is surprisingly fast, has very good formatting and advanced formula support, but best of all it has complete support for Microsoft Excel .xls files, and very good collaboration: just enter the e-mail address and you can share easily.

Google launches Google Spreadsheets
»

  • Filed under:
    • Uncategorized

News briefs:July 14, 2010

  • Posted on April 23, 2018 at 1:12 am
Wikinews Audio Briefs Credits
Produced By
Turtlestack
Recorded By
Turtlestack
Written By
Turtlestack
Listen To This Brief

Problems? See our media guide.

[edit]

News briefs:July 14, 2010
»

  • Filed under:
    • Uncategorized

Kinds Of Meditation: Two Main Divisions

  • Posted on April 23, 2018 at 1:07 am

By Jane Michael

Meditation enhances creativity, intelligence, and increases memory. It improves the ability to learn. It increases energy and engenders calm. Our body gathers the tension from fears and pain, but meditation helps to alleviate tenseness and to clear the mind, which helps to lessen fear.

There are two basic divisions in meditation as far as technique. One is insight meditation; it teaches you to concentrate on one point as a method for cultivating quietness and peace. The other is concentration meditation. It involves a relaxation response. One form of concentration meditation is transcendental meditation.

There is a difference between meditation as a practice and a meditative state. The meditative practice has methods, ways, and rules and is purposed and is intended. While meditative states occur naturally. Sometimes when someone is very relaxed this will occur without meditative practice. It can occur during meditative practice and also spontaneously.

YouTube Preview Image

There are two forms of meditative practice. One form tries to quiet the mind. Some call it the monkey mind because this refers to the hopping from one random thought to another that often happens. The idea is to make the mind be still. The means used to do this are chanting, staring at a candle, and breathing exercises. The other form watches the mind racing along without judgment as to whether the thoughts are good or bad, but they just are; they exist. It is a method of not approving or disapproving, only viewing the action of the mind.

The first type of meditation according some experts should not be practiced without supervision because it can be deceptive and make you feel like you have had an unusual experience when you have not. The reason is that it is a self-induced state of hypnosis and this encourages the ego to get wound up and imagine other things that arent correct. It is best done with supervision because the mind becomes so open.

The second kind of meditation is considered insight meditation. It isnt as strong of a meditation; it emphasizes being calm. It doesnt need a particular sitting position. It can be done anywhere. The concept is to just notice what is happening around you and stay calm or become calm. Once you have learned to do this, you dont need it any longer. Some experts think you should stop once you have learned to be calm. They consider this meditation a type of medicine that should be stopped once the disease of agitation and nervousness or anxiousness has been cured.

It is good advice to seek professional help, knowledge, experience, and insight before you start any serious meditation. After all, this is your mind that you are dealing with and as with any other treatment you want a competent professional to help you. It makes sense to be just as careful about what you do with your mind as it does being careful about what you do with your body. Guided self-help through meditation is your best avenue to fruitful meditation.

About the Author: Jane Michael is the head writer at the Center for Meditation.

Kriya Meditation Technique

is her practice and her passion.

Goals of Kriya Meditation

is a great way to start your meditation practice.

Source:

isnare.com

Permanent Link:

isnare.com/?aid=330119&ca=Self+Help