My Note -

Has anybody asked the people of Afghanistan if they mind the destruction of their lives, their livelihoods, their safety, their villages, their country with the efforts being made on their behalf to go after the Taliban? Are their views and considerations being given voice or has the fact that tanks and military personnel, drones and humvees, exploding bombs and assault rifle fire battles escaped their notice?

Were they asked and their viewpoints expressed anywhere in the materials and sources listed below, including those given by experts, consultants and advisors? Did anyone note what would happen to them and for what extent of time their lives would be disrupted in profound ways?

I neither agree nor disagree with war. It is a necessary fact in some situations where there are actions that cannot be stopped in any other way. I am neither for it or against it, where it comes to Afghanistan or anywhere else. I disagree with one-sided views of the experts who all seem to agree without ever giving respect to any other viewpoint including that of the individual lives, cultures and futures of those affected by decisions using those “expert” opinions.

- cricketdiane

http://www.trilateral.org/

Trilateral Commission

**

Recent Activity & Upcoming Events

2010 Events:

  • Annual Meeting of the Trilateral Commission
    Dublin, Ireland, May 7-9, 2010

2009 Events:

  • European Regional Meeting of the Trilateral Commission
    Oslo, Norway, October 16-18, 2009
  • North American Regional Meeting of the Trilateral Commission
    Washington, DC, November 6-8, 2009
  • Pacific Asia Regional Meeting of the Trilateral Commission
    Seoul, Republic of Korea, November 27-29, 2009

2008 Events:

2008 Reports:

2007 Events:

[from-]

http://www.trilateral.org/recent.htm

***

Program of the 2008 North American Regional Meeting
Ottawa, Ontario — November 21-23, 2008�

(7th Meeting of the North American Group)

At the Fairmont Hotel Château Laurier

Conference Chairman: Joseph S. Nye, Jr, ., University Distinguished Service Professor and former Dean, John F. Kennedy School of Government, Harvard University, Cambridge, MA; former Chair, National Intelligence Council and former U.S. Assistant Secretary of Defense for International Security Affairs; North American Chairman, Trilateral Commission
Host Country Chairman: Allan E. Gotlieb, Senior Advisor, Bennett Jones LLP, Toronto, ON; Chairman, Sotheby’s, Canada; former Canadian Ambassador to the United States; North American Deputy Chairman, Trilateral Commission

Friday, November 21

6:30-9:30 pm
Reception and Dinner at the Parliament Building
DISCUSSION ON POLITICS AND ECONOMY OF CANADA
Chair: Bill Graham, (pdf 25kb/3pp) former Member of Canadian House of Commons; former Minister of Foreign Affairs and former Minister of Defence, Ottawa; Chancellor, Trinity College, University of Toronto; Chair, The Atlantic Council of Canada; Co-Vice Chair, Canadian International Council
Panel:
Andre Pratte, Editor, La Presse, Montrèal, QC
Andrew Coyne, National Editor, Maclean’s Magazine, Ottawa, ON

Saturday, November 22

8:30-10:30 am
SESSION I: HEALTH OF THE NORTH AMERICAN ECONOMY
Chair: Paul A. Volcker, (pdf 84kb/4pp) former Chairman, Wolfensohn & Co., Inc., New York; Frederick H. Schultz Professor Emeritus, International Economic Policy, Princeton University; former Chairman, Board of Governors, U.S. Federal Reserve System; Honorary North American Chairman and former North American Chairman, Trilateral Commission
Panel:
Martin S. Feldstein, George F. Baker Professor of Economics, Harvard University, Cambridge, MA; President Emeritus, National Bureau of Economic Research; former Chairman, U.S. President’s Council of Economic Advisors
David A. Dodge, (pdf 59kb/3pp) Senior Advisor, Bennett Jones LLP, Toronto, ON; former Governor, Bank of Canada
Herminio Blanco Mendoza, Founder and Chief Executive Officer, Soluciones Estratégicas, Mexico City, NL; former Mexican Secretary of Commerce and Industrial Development
Respondent: Richard W. Fisher, President and Chief Executive Officer, Federal Reserve Bank of Dallas; former U.S. Deputy Trade Representative

10:45 am-12:30 pm
SESSION II: U.S. FOREIGN POLICY UNDER THE NEXT PRESIDENT
Chair: Kenneth M. Duberstein, (pdf 64kb/3pp) Chairman and Chief Executive Officer, The Duberstein Group, Washington, DC; former Chief of Staff to President Ronald Reagan
Speaker: Steven R. Weisman, (pdf 76kb/3pp) Editorial Director and Public Policy Fellow, Peterson Institute for International Economics, Washington, DC
Panel:
The Honorable Jim McCrery (R-LA), Ranking Republican Member, Committee on Ways and Means, U.S. House of Representatives
Joseph S. Nye, Jr., (pdf 84kb/4pp) University Distinguished Service Professor and former Dean, John F. Kennedy School of Government, Harvard University, Cambridge, MA; former Chair, National Intelligence Council and former U.S. Assistant Secretary of Defense for International Security Affairs; North American Chairman, Trilateral Commission

12:45-2:15 pm
Lunch
FUTURE OF NAFTA
Chair: Carla A. Hills, Chairman and Chief Executive Officer, Hills & Company, International Consultants, Washington, DC; former U.S. Trade Representative; former U.S. Secretary of Housing and Urban Development
Speaker: Jeffrey Schott (pdf 40kb/2pp) and The North American Free Trade Agreement: Time for a Change? (pdf 200kb/17pp) , Senior Fellow, Peterson Institute for International Economics, Washington, DC
Panel:
John Manley, Counsel, McCarthy Tétrault LLP, Ottawa, ON; former Canadian Deputy Prime Minister and Minister of Finance
Richard W. Fisher, President and Chief Executive Officer, Federal Reserve Bank of Dallas; former U.S. Deputy Trade Representative
Jaime Serra (pdf 69kb/3pp) and (ppt 684kb/9 slides) or (pdf 308kb/9 slides) , Chairman, SAIC Consulting, Mexico City, DF; former Mexican Minister of Trade and Industry

2:30-5:00 pm
SESSION III: ENERGY REQUIREMENTS AND PLANNING IN NORTH AMERICA: 2018
Chair: E. Peter Lougheed, Counsel, Bennett Jones, Barristers & Solicitors, Calgary, AB; former Premier of Alberta
Speaker: Arjun Murti, Managing Director, Goldman Sachs & Co., New York, NY
Panel:
Harold Kvisle (pdf 49kb/8pp) and (ppt 5.2mb/15 slides) , (ppt 4.6mb/14 slides) or (pdf 1.2mb/15 slides) ,
(pdf 808kb/14 slides) , Chief Executive Officer, TransCanada, Calgary, AB
José Alberro, (pdf 1.8MB/12pp) Director, LECG, Mexico City, DF; former Chief Executive Officer, PEMEX Gas & Basic Petrochemical
John Hess, (pdf 41kb/7pp) Chairman and Chief Executive Officer, Hess Corporation, New York, NY

6:30-9:00 pm
Reception and Dinner at the National Gallery of Canada
Speaker: The Honorable Gerald Keddy, MP, Parliamentary Secretary, Ministry of International Trade; former Whip, Progressive Conservative Party; New Ross, NS

Sunday, November 23

9:00-11:00 am
SESSION IV: NATO IN AFGHANISTAN: LESSONS OF A FAILED STATE
Chair: Victoria Nuland, (pdf 28kb/2pp) National Defense University, Washington, DC; former U.S. Ambassador to NATO
Panel:
Gen. Rick Hillier (Ret.), former Canadian Chief of Defense Staff; Ottawa, ON
John M. Deutch, (pdf 36kb/4pp) Institute Professor, Massachusetts Institute of Technology, Cambridge, MA; former Director of Central Intelligence; former U.S. Deputy Secretary of Defense

Informal closing luncheon

http://www.trilateral.org/NAGp/REGMTGS/08ottawa.htm

***

My Note -

SESSION IV: NATO IN AFGHANISTAN: LESSONS OF A FAILED STATE

John M. Deutch, (pdf 36kb/4pp) Institute Professor, Massachusetts Institute of Technology, Cambridge, MA; former Director of Central Intelligence; former U.S. Deputy Secretary of Defense – (among the experts)

- cricketdiane, 07-09-09

***

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(and you thought they came up with it themselves – )

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And from their collection -

This collection of Policy Briefs and Economic Indicators is selected in consultation with CIAO’s advisory board. [Archive] indicates an institution that is no longer contributing new material to CIAO.

[Found here - ]

http://www.ciaonet.org/main/pbei.html

***

So, who decided what and whose expert opinions are made available and why did they choose them?

Who’s choices and viewpoints are being honored and what is been excluded?

- cricketdiane

(Maybe it’s balanced in the array offered – but . . . maybe it isn’t intended to be and is inadvertently screening out anything that differs from their “educated” guesses, including a variety of standpoints from international economists, individual cultures, regional sociologists or whoever else’s also educated understanding of the situation.)

Is that how a massive macro-economic storm could’ve been missed before it brought down stable economies and systems of banking, markets and money based fundamentals all over the world? How could that have happened unnoticed despite the facts giving signs ahead of time?

Is that why in case after case, the actions of businesses and governments that affect massive local populations fail to consider the interests of the people nor consider their viewpoints and opinions in the decisions.

***

North American Group

Chairman: Joseph S. Nye, Jr.
Deputy Chairman: Allan E. Gotlieb
Deputy Chairman: Lorenzo Zambrano
Director: Michael J. O’Neil

secretariat address: is 1156 Fifteenth Street, NW, Washington, DC 20005
telephone: 1-202-467-5410
telefax: 1-202-467-5415
email: mvalder@trilateral.org

The North American Group of the Trilateral Commission includes a maximum of 87 U.S. members, 20 Canadian members and, since 2000, 13 Mexican members. A list of current members can be obtained from the North American office by e-mail.

The first North American Chairman was Gerard C. Smith (1973-77), former head of the U.S. Arms Control and Disarmament Agency and chief U.S. negotiator of SALT I, who served as Trilateral Chairman until he entered the Carter admistration as Ambassador-at-large in charge of Non-Proliferation Issues. The next North American Chairman was David Rockefeller (1977-91), who had played a central role in the formation of the Trilateral Commission and continues to be recognized as Founder and Honorary Chairman. He was succeeded by Paul A. Volcker (1991-2001), former Chairman of the U.S. Federal Reserve Board, who now serves as Honorary North American Chairman. Thomas S. Foley, former Speaker of the U.S. House of Representatives (1989-95) and former U.S. Ambassador to Japan (1997-2001), served as North American Chairman from 2001 to 2008. He was succeeded by Joseph S. Nye, Jr., University Distinguished Service Professor and former dean of the John F. Kennedy School of Government at Harvard University, as well as former U.S. assistant secretary of defense for international security affairs and former chairman of the National Intelligence Council. The North American Deputy Chairmen are the heads of the Canadian and Mexican groups. On the Canadian side, Jean-Luc Pepin was succeeded in 1977 by Mitchell Sharp, former Foreign Minister, when Mr. Sharp left government service and Mr. Pepin returned to government service. J.H. (Jake) Warren, former Ambassador to the United States and Coordinator for Multilateral Trade Negotiations, served from 1986 to 1990. He was succeeded by Allan Gotlieb, former Ambassador to the United States. Lorenzo Zambrano, Chairman of the Board and Chief Executive Officer of Cemex, became Deputy Chairman in 2000 when the North American group widened to include Mexican members.

The North American Group has a ceiling of 120 members.

In the case of the U.S. group, a rotation system generally brings 5-10 openings in the membership each year under the ceiling of 87. A major portion of the summer annual meeting of North American Executive Committee members is devoted to consideration of U.S. membership invitees, based on a list of candidates many times larger than the number of openings. If a member is elected or appointed to a position in the Executive Branch of the U.S. government, he or she steps down as a member, given the Commission’s unofficial character.

The Canadian Group of 20 members and the Mexican Group of 13 members are separately organized for membership choices and for raising and expending the funds which cover participation of their members, a contribution to program, and hosting costs for events in Canada or Mexico, such as the North American regional meetings.

A grant from the Ford Foundation was the most important part of the financial base for the Trilateral Commission in the first triennium (1973-76). Fundraising has been decentralized since that time. In the United States, an increasing portion of the needed financial support has come from a wide range of corporations. Foundation support remains important, particularly for some project work, as does the support of some individuals.

The North American group holds occasional dinner or luncheon events organized around a particular speaker. The presentations of these speakers are often transcribed for broader circulation.

http://www.trilateral.org/nagp/nagpgen.htm

***

Allan E. Gotlieb

Gender: Male

Allan E. Gotlieb current relationships:

Allan E. Gotlieb past relationships:

***

Allan E. Gotlieb

Allan GotliebAllan E. Gotlieb is a senior advisor, Bennett Jones LLP, Toronto; chairman, Sotheby’s Canada; chairman of the Canadian Group of the Trilateral Commission; and North American deputy chairman. Mr. Gotlieb is a director of Davis + Henderson Income Trust. He is also chairman of the Donner Canadian Foundation and the Aurea Foundation. A past director of various Canadian and U.S. companies, Mr. Gotlieb is a trustee of the Art Gallery of Ontario, a trustee of the Gardiner Museum, a director of the Ontario Arts Foundation, and serves on several advisory boards. Mr. Gotlieb was Canadian ambassador to the United States (1981-89), under-secretary of state for external affairs (1977-81), and chairman of the Canada Council (1989-94). He is a companion of the Order of Canada and recipient of the Outstanding Achievement Award of the Government of Canada. Mr. Gotlieb is an honorary and former fellow of Wadham College and visiting fellow at All Souls College, Oxford. A former editor of the Harvard Law Review, Mr. Gotlieb was also William Lyon MacKenzie King Professor at Harvard University and Claude Bissell Visiting Professor at the University of Toronto. He holds an honorary doctorate of law from the University of Toronto and a number of other universities and is the author of several books on international law and diplomacy.

February 2009

***

Joseph S. Nye, Jr.

Joseph S. Nye, Jr.Joseph S. Nye, Jr. is University Distinguished Service Professor at Harvard University and from 1995 to 2004 was dean of the Harvard Kennedy School. Prior to assuming the deanship he served as U.S. assistant secretary of defense for international security affairs, in which position he won two Distinguished Service medals, and was chair of the National Intelligence Council. Dr. Nye originally joined the Harvard faculty in 1964, serving as director of the Center for International Affairs and associate dean of arts and sciences. From 1977 to 1979, Dr. Nye was deputy to the undersecretary of state for security assistance, science, and technology and chaired the National Security Council Group on Nonproliferation of Nuclear Weapons. Nye’s most recent books are The Paradox of American Power (2002), Soft Power: The Means to Success in World Politics (2004) The Power Game: A Washington Novel (2004), and The Powers to Lead (2008). Nye received his bachelor’s degree summa cum laude from Princeton University. He did postgraduate work at Oxford University on a Rhodes Scholarship and earned a Ph.D. in political science from Harvard. He is a member of the American Academy of Arts and Sciences and an honorary member of The British Academy. Dr. Nye is North American chairman of the Trilateral Commission.

February 2009

http://www.trilateral.org/membship/bios/jn.htm

***

Joseph S. Nye Jr.

Gender: Male

Joseph S. Nye Jr. current relationships:

Joseph S. Nye Jr. past relationships:

***

Lorenzo Zambrano

Lorenzo ZambranoLorenzo H. Zambrano earned a B.S. degree in mechanical engineering from the Tecnológico de Monterrey (ITESM) and an M.B.A. from Stanford University. Mr. Zambrano joined CEMEX in 1968. He was named chief executive officer in 1985 and has served as chairman of the board since 1995. CEMEX is one of the world’s largest global building solutions companies; its stock is traded on the Mexican Stock Exchange and listed on the New York Stock Exchange. Mr. Zambrano is a member of the IBM Board of Directors, the Citigroup International Advisory Board, and the boards of several leading Mexican companies, including Femsa, Grupo Financiero Banamex, and Televisa. He is also chairman of the board of the Tecnológico de Monterrey, the leading private university in Latin America, and serves on the board of the Monterrey Contemporary Art Museum. Mr. Zambrano has earned a number of prestigious honors such as the Woodrow Wilson Award for Corporate Citizenship, the Americas Society’s Gold Medal for Distinguished Service, and the Ernest C. Arbuckle Award for Managerial Excellence from the Stanford Graduate Business School’s Alumni Association. Mr. Zambrano is the North American deputy chairman of the Trilateral Commission.

February 2009

http://www.trilateral.org/membship/bios/lz.htm

***

Lorenzo H. Zambrano

Gender: Male

Lorenzo H. Zambrano current relationships:

Lorenzo H. Zambrano past relationships:

***

Publications

Trialogue/Annual Meeting Publications
The Trilateral Commission occasionally publishes reports on annual meetings and other reports in a many-authored format. The latest of these are Challenges to Trilateral Cooperation, a report on the 2006 Trilateral Commission Plenary Meeting in Tokyo, and Global Governance: Enhancing Trilateral Cooperation, a report on the 2003 Trilateral Commission Plenary Meeting in Seoul. These publications appear in the Trialogue series. Some presentations from other recent annual meetings may be found on links from the Recent Activity listing on this web site.

Task Force Reports/Project Work
Usually one to two Task Force Reports are published each year in a series also known as the Triangle Papers. The latest report to the Trilateral Commission, Engaging Iran and Building Peace in the Persian Gulf Region, includes papers delivered by Volker Perthes, Ray Takeyh, and Hitoshi Tanaka at the 2008 plenary meeting in Washington. Energy Security and Climate Change comprises essays presented by John Deutch, Anne Lauvergeon, and Widhyawan Prawiraatmadja at the 2007 Brussels meeting. Two previous reports were based on papers delivered at the 2006 Tokyo plenary meeting: Engaging with Russia: The Next Phase by Roderic Lyne, Strobe Talbott, and Koji Watanabe and Nuclear Proliferation: Risk and Responsibility by Graham Allison, Hervé de Carmoy, Thérèse Delpech, and Chung Min Lee. Other recent reports to the Trilateral Commission are The New Challenges to International, National and Human Security Policy by Anne-Marie Slaughter, Carl Bildt and Kazuo Ogura (2004); The “Democracy Deficit” in the Global Economy: Enhancing the Legitimacy and Accountability of Global Institutions by Joseph S. Nye, Jr., and others (2003); and Addressing the New International Terrorism: Prevention, Intervention and Multilateral Cooperation , by Joseph S Nye, Jr., Yukio Satoh and Paul Wilkinson (2003). Current project work is focused on addressing the challenges of globalization.

A Trilateral Commission Task Force project typically involves a team of authors from our three regions working together for a year or so on a report which is discussed in draft form in the annual meeting and then published. Such a report permits more intensive consideration of a particular set of issues (more intensive than a single session at an annual meeting). It allows us to draw many other persons into our work, including persons from non-Trilateral countries—sometimes as authors or commentators in an annual meeting, more often as consultants along the way as the authors prepare their reports. These reports allow the careful preparation of joint policy recommendations by a Trilateral team, and the published reports are circulated widely.

Over the years these projects have covered a wide range of topics, a reflection of the broad purposes we see for the partnership among the Trilateral countries. Some reports have focused on a particular country or region—such as the 1994 report on An Emerging China in a World of Interdependence, the 1995 report on Engaging Russia, the 1997 report on Community-Building with Pacific Asia, the 1998 report on Advancing Common Purposes in the Broad Middle East, the 2000 report on The New Central Asia: In Search of Stability, and the 2001 report on East Asia and the International System. Some reports have focused on aspects of managing the international economy or political/security challenges. The 1996 report on Maintaining Energy Security in a Global Context blends issues of international economic management with crucial security and broad political challenges. The 1996 report on Globalization and Trilateral Labor Markets: Evidence and Implications cuts across domestic and international concerns. The Commission’s need to re-examine its basic framework and approach to the broad international system led to the 1997 set of essays entitled Managing the International System Over the Next Ten Years and a 1999 report was 21st Century Strategies of the Trilateral Countries: In Concert or Conflict?.

The topics for projects are chosen by the chairmen, deputy chairmen, and directors, with the advice of the Executive Committee and others. Authors are then invited, sometimes from the Commission membership. The authors do not relocate to the offices of the Commission while preparing their report. They remain in their existing institutional settings, and the Commission enables them to meet with each other and various consultants along the way. The reports are to the Trilateral Commission, not of the Commission. The membership of the Commission is too diverse to achieve detailed agreement quickly on a controversial set of issues; and on a few occasions a summary of discussion in the annual meeting has been added to a report to detail the controversy it created.

Trilateral publications are available by clicking this link.

http://www.trilateral.org/pubs.htm

***

Just a note -

Resources

http://www.un.org/events/women/iwd/2009/resources.shtml

***

Economic Abuse: The Hidden Side Of Domestic Violence

(NAPSI)-A term commonly associated with Wall Street could apply on Main Street more often than you might expect. According to a new national poll released by The Allstate Foundation, 86 percent of Americans fail to see a connection between domestic violence and “economic abuse.” In fact, when given a choice of definitions, the survey revealed that nearly eight out of 10 Americans link economic abuse to Wall Street woes or irresponsible spending.

Economic abuse is a tactic commonly used by abusers to control their victims’ finances and prevent them from leaving a dangerous relationship. Many women stay in abusive relationships due to lack of resources to stand on their own two feet.

Ask Kalyn Risker to define economic abuse and you’ll hear of an abusive ex-boyfriend who caused her to lose her job, spent all her money and destroyed her personal property, including her clothing and car, to keep her from leaving him. This picture of abuse rarely comes into the American mind-set.

“Many people associate domestic violence with physical attacks, but damage to your credit score and being cut off from access to money create lasting scars that make it hard, if not impossible, for abuse victims to recover,” said Jennifer Kuhn, manager of the Economics Against Abuse program at the Foundation. “For victims of domestic violence, economic abuse is much more personal-and dangerous.”

The poll also found that more than 70 percent of Americans know someone who is or has been a victim of domestic violence. With millions of Americans touched by domestic violence in some way, The Allstate Foundation is educating Americans on economic abuse and its dangerous signs:

• Taking money, credit card or property from a partner without permission;

• Racking up debt without a partner’s knowledge;

• Purposely ruining a partner’s credit score;

• Preventing a partner from earning money or attending school;

• Being forced by a partner to hand over paychecks;

• Canceling insurance or credit cards without the partner’s knowledge;

• Harassing a partner at work to negatively impact a job.

Building financial skills is an important key to overcoming economic abuse. Now more than ever, it is important that domestic violence survivors build economic skills to overcome financial instability-the leading barrier to exit and stay out of an abusive situation.

For more information on economic abuse or to access the Financial Empowerment Curriculum to help domestic violence survivors achieve financial independence, please visit www.clicktoempower.org.

Domestic violence survivors in need of immediate assistance are encouraged to call the National Domestic Violence Hotline, (800) 799-SAFE (800…).

Purposely ruining a partner’s credit score is a sign of economic abuse.

http://www.napsnet.com/articles/61813.html

***

My Note -
According to this list – the “experts” are working on the wrong war. Abusive banking and credit card practices that companies and entire industries are commonly using would fit in this list also. Yes, from economists and market analysts to international affairs specialists and academics – they missed the war that mattered where the real battles were being waged, both in economics and in the living rooms and homes where safe harbor didn’t exist, in the boardrooms and in the bedrooms of America – and across the World.
- cricketdiane
***

Glossary from Reality -

oxymoron – “political intelligence”

redundancy – “CIA lies”

***

Five SEC investigations missed Madoff

WASHINGTON, July 2 (UPI) — The U.S. Securities and Exchange Commission
failed to uncover Bernard Madoff’s Ponzi scheme on five occasions in 20 years, a source close to the agency said.

http://www.upi.com/Business_News/2009/07/02/Five-SEC-investigations-missed-Madoff/UPI-51201246538744/

***

http://www.upi.com/Business_News/2009/07/09/Key-SEC-official-in-Madoff-inquiry-resigns/UPI-25311247148262/

Lori Richards is stepping down after 14 years as director of the Office of Compliance Inspections and Examinations, The Washington Post reported.

The agency had come under scrutiny for its role in the SEC’s monitoring of Madoff’s business without detecting his multibillion-dollar fraud. Her office reviewed his firm at least three times, in 1999, 2004 and 2005.

WASHINGTON, July 9 (UPI) — A senior U.S. Securities and Exchange Commission official who oversaw key investigations of Bernard L. Madoff’s activities is resigning, the agency said.

Key SEC official in Madoff inquiry resigns

Published: July 9, 2009 at 10:04 AM

http://www.upi.com/Business_News/2009/07/09/Key-SEC-official-in-Madoff-inquiry-resigns/UPI-25311247148262/

****

With a staff of more than 700, the Office of Compliance Inspections and Examinations is responsible for ensuring brokers, investment advisers and mutual funds comply with securities laws.

http://www.upi.com/Business_News/2009/07/09/Key-SEC-official-in-Madoff-inquiry-resigns/UPI-25311247148262/

***

But in a letter disclosed Wednesday, seven Democrats on the House Intelligence Committee asserted that Panetta told Congress last month that senior CIA officials have concealed significant actions and misled lawmakers repeatedly since 2001.

Posted by Foon Rhee, deputy national political editor July 9, 2009 11:39 AM

Does letter back Pelosi on CIA criticism?

***

Video: CIA Mislead Congress – Panetta – Bloomberg

Bloomberg

***

My Note –

How could that be a surprise?

For a place that has “The Truth Will Set You Free” on the wall coming in the door, the CIA has trained in creatively loose interpretations of reality as a way of life. It is what they do. How could that be unanticipated?

- cricketdiane, 07-09-09

***

Albany Republicans Seek to Block Paterson’s Nominee

Published: July 9, 2009

ALBANY — Gov. David A. Paterson’s naming of Richard Ravitch as the state’s lieutenant governor was plunged into legal turmoil on Thursday after Senate Republicans received a temporary restraining order that sought to prevent Mr. Ravitch from taking office.


http://www.nytimes.com/2009/07/10/nyregion/10albany.html?ref=nyregion

***



Shaping the New Values of Capitalism

Fredrik AttingPierre E. CohadeYoshito Hori
Tunku Badlishah
Moderated by • Robert Greenhill

Thursday 18 June

In recent decades, divergent modes of capitalism – based on different models of growth, ownership structures, incentive systems and regulatory approaches – have emerged in geographies around the world. But the global economic crisis has called certain shared elements of the existing capitalist system into question. The panellists were asked to identify some of the fundamental flaws in the system and suggest what values ought to underpin capitalism in the wake of the crisis. While they sounded no calls for a radical transformation of the system, they did highlight lessons to be drawn from the crisis and offered specific prescriptions, from the perspective of regulation and corporate governance and not just values, on how capitalism might be reshaped into something more sustainable.

Key points

• Capitalism is alive, if not alive and well, panellists agreed. As the only viable economic system, it will survive the downturn – albeit in a profoundly different form.

• Corporations need to recognize that their shareholders are not their only stakeholders. They need to shift their emphasis from simply delivering shareholder value to also fulfilling their role as employers, community members and taxpayers. And they need to recognize that they are part of a value chain that includes their suppliers and customers.

• Management decisions based on coldly rational, data-driven financial models are narrow and myopic. “A management with conscience” should supplant the all-too-common, bottom-line obsessed management style. Decisions need to be made in a more holistic fashion that will better serve to attract and retain the best talent, satisfy customers and maintain market share.

• The role of corporate boards of directors, which are supposed to approve executive pay among other responsibilities, has too often been compromised, with chief executives commonly taking on the role of board chairpersons. These roles need to be kept separate, lest the chief executive fill the board with his or her own cronies.

• Panellists agreed that wage differential-based executive compensation caps, based on some multiple of lowest employee pay, will become more commonplace. However, given existing disparities between wages from country to country, no standard multiple is practicable, and caps will likely be determined in individual labour markets.

• Corporate social responsibility (CSR) and clear corporate strategies on sustainability and environmental impact will not be mere trappings for public relations gain, but will become de rigueur and increasingly demanded by stakeholders. Companies with the foresight to implement these policies will be long-term winners – just as Toyota and Honda, with their early move into hybrid automobiles, have reaped rewards.

• Revamped rules and tightened regulatory oversight are not of themselves sufficient to lend longevity to capitalism. An embrace of ethics, rooted in the ethical or religious traditions that exist in all geographies, needs to be incorporated into company culture, especially at the executive level.

http://www.weforum.org/en/knowledge/Industries/AutomobileAerospaceDefenceTechnology/KN_SESS_SUMM_28864?url=/en/knowledge/Industries/AutomobileAerospaceDefenceTechnology/KN_SESS_SUMM_28864

***

from -

http://www.weforum.org/en/knowledge/Industries/AutomobileAerospaceDefenceTechnology/index.htm

Ongoing and Recent Work Relevant to Sound Financial Systems

12 March 2009

A series of status reports, collated by the FSF Secretariat, on recent and ongoing work relevant to strengthening financial systems by various international financial institutions, groupings and committees. This document is published twice yearly in March/April and September/October. The document is accompanied by a cover note which highlights and summarises those initiatives started during the previous six months, out of the initiatives in the document.

The document also includes an overview table of major ongoing international regulatory initiatives, including information on their schedules for public consultation and target dates for finalisation.

This overview table is intended to provide a snapshot of key regulatory initiatives in the implementation, public consultation and development phases, along with an indication of their timing where applicable.

It is intended to assist national authorities, firms and other stakeholders in keeping abreast of and better preparing for major regulatory initiatives as they are taken forward. Initiatives are included in this table, drawing on the advice of the principal international institutions, groupings and committees. The table captures only summary information on major initiatives, and is concerned largely with the timing of implementation.

Thus readers are encouraged to refer to the document on Ongoing and Recent Work relevant to Sound Financial Systems for further insight on the background and objectives of these and other initiatives of the principal international institutions, groupings and committees. Readers should also be aware that decisions regarding implementation are in most cases left to national discretion, and thus the timing of implementation may vary across jurisdictions.

Lastly, the authoritative sources on dates are the committees and bodies responsible for the initiatives. The timing of initiatives indicated in the table is based on information as of 6 March 2009, and the relevant bodies should be consulted directly for more recent developments.

http://www.financialstabilityboard.org/publications/on_0903.htm

Full text

***

Global Financial Stability Report
GFSR Market Update

Policies Have Reduced Systemic Risks But Vulnerabilities Remain

July 08, 2009

Financial conditions have improved, as unprecedented policy intervention has reduced the risk of systemic collapse and expectations of economic recovery have risen. Nonetheless, vulnerabilities remain and complacency must be avoided. The financial sector continues to be dependent on significant public support, resulting in an unparalleled transfer of risk from the private to the public sector. At the same time, however, work will need to begin on exit strategies from the various financial, monetary, and fiscal support policies in order to address market uncertainty. Medium-term policies need to ensure that steps taken to normalize policies and markets are consistent with establishing a lasting framework of sound financial regulation, sustainable fiscal balances, and the maintenance of price stability.

Overview of Developments

The risks to the global financial system have moderated from the extreme levels identified in the April 2009 Global Financial Stability Report (GFSR). Unprecedented policy actions undertaken by central banks and governments worldwide have succeeded in stabilizing the financial condition of banks, reducing funding pressures and counterparty risk concerns, and supporting aggregate demand.

These interventions have reduced the tail risk of another systemic failure similar to the collapse of Lehman Brothers. Bank debt and interbank markets have resumed functioning, albeit with massive public sector support. Concerns regarding liquidity and counterparty risks in the banking sector have declined, as evidenced by the narrowing of LIBOR-overnight index and credit default swap spreads (Figure 1).

However, overall financial conditions remain tight. Growth in bank credit to the private sector continues to slow in mature economies, securitization markets outside those supported by the public sector remain impaired, and lower-quality borrowers have little access to capital market funding. Furthermore, the public sector interventions that have underpinned the reduction in private sector risks have resulted in a concomitant increase in public sector risks and a mounting burden on fiscal sustainability.

Severe recession risks have eased in response to concerted fiscal and monetary policy stimulus measures (as discussed in the July 2009 World Economic Outlook Update). This has helped spur some return of risk appetite and a decline in volatilities, with investors moving into risk assets from safe havens. Although perceived credit risk has diminished, as evidenced by narrower spreads and lower projected default rates, it remains high.

Risks in emerging markets have also lessened, reflecting the recovery of commodity prices and the resumption of portfolio inflows and rising asset prices (Figure 2). TThese improvements have not been evenly distributed, and cross-border banking flows to emerging markets remain weak. Risks in emerging Europe have also been reduced, but strains remain and vulnerabilities flagged in the April 2009 GFSR persist.

The April 2009 GFSR highlighted three main areas of risk: (i) that weaknesses in advanced-economy banking sectors could act as a greater drag on credit growth and economic recovery; (ii) that emerging markets remain vulnerable to a slowing or cessation of capital inflows; and (iii) that yields on sovereign debt may rise significantly and private borrowers may be crowded out if the burden on public sector balance sheets is not managed in a credible way. While progress has been made in these areas, concerns remain./p>

Bank balance sheets need to be restored to health

The risk of a widespread banking crisis has eased and prospective writedowns on securities are likely to be somewhat lower, as a result of the recovery in mark-to-market valuations, but bank capitalization still remains a concern as further writedowns on loans are expected. Confidence in the U.S. banking system has been bolstered by better-than-expected earnings results, a successful stress-testing exercise, the commitment by the U.S. government to stand behind the 19 largest banks, and a series of bank capital-raisings. However, loss ratios are expected to continue to rise for loans.

In Europe, universal banks have also benefited from better earnings and capital increases, but loss rates are expected to rise. The Committee of European Banking Supervisors is conducting a coordinated stress test exercise on a system-wide basis which should help to reestablish market confidence in the banking system.

But, on both sides of the Atlantic, it is proving difficult to effectively implement measures that fully address the problem of impaired assets on banks’ balance sheets, leaving banks vulnerable to a further deterioration in the quality of these assets if the global downturn is deeper, and more prolonged, than projected.

Corporate bond markets have reopened, but bank credit growth is still slowing

Corporate bond markets are functioning more normally, a critical development for countries, notably the United States, that rely more heavily on nonbank market financing. Corporate credit and asset-backed spreads have tightened significantly and issuance has risen, as firms seek alternatives to scarce bank credit.

High-yield issuance has also increased recently, but is still restricted to higher quality credit, and spreads remain historically wide.


However, bank lending remains restricted, despite unconventional policies aimed at reviving credit to end users. Overall bank credit growth continues to diminish, as deleveraging pressures persist (Figure 3). Securitization markets continue to be impaired, except for those directly supported by government programs or central bank facilities (Figure 4).

Emerging market sentiment has strengthened, but markets remain vulnerable to capital outflows

Emerging market assets have benefited from the recovery of commodity prices and improved growth prospects, especially in Asia. The return of risk appetite has also led to a resumption of portfolio inflows from investors. Emerging market equities have rebounded 30 to 60 percent since end-February, matching or outpacing mature market equities. EMBI Global sovereign spreads have more than halved since their peak in October. Despite these positive developments, the overall outlook for emerging markets remains vulnerable to lower than expected global growth and to constrained international bank lending.

As highlighted in the April 2009 GFSR, banks are contracting their cross-border positions at a faster rate than their domestic balance sheets, although there is evidence that parent banks have maintained funding levels to their emerging market subsidiaries (Figure 5).
Consequently, cross-border deleveraging is leading to an unwinding of the rapid financial globalization that occurred over the past 10 years. This trend will likely continue, placing additional pressure on those banking systems that are heavily reliant on cross-border funding. Emerging Europe and the Commonwealth of Independent States are particularly vulnerable to contractions in cross-border funding and have not benefited as much from the market rebound seen elsewhere.

Concerns mounting regarding sovereign debt markets

Globally, sovereign yield curves have steepened considerably, as conventional monetary policy easing has anchored short-term rates, while the longer end of the curve has risen sharply, reflecting in part improved recovery prospects and reduced risks of deflation. Nevertheless, concerns about the ability of markets to absorb the supply of new government bonds may also be contributing to the rise in yields (Figure 6). With public debt levels expected to rise significantly in many mature market economies, increased focus on fiscal sustainability may have been reflected in sovereign credit default swap spreads remaining well above their pre-crisis levels.

The risks ahead

The April 2009 GFSR raised immediate policy challenges regarding the intensifying threats to systemic stability and a worsening credit crunch, emphasizing the need for a range of financial policies to mitigate downside risks. Since then, ongoing unprecedented policy actions have reduced the likelihood of major failures, an important step toward restoring confidence.

Complacency must be avoided.. There is a risk that the recent improvements in the financial sphere could lead to complacency. Continued policy efforts are needed to stave off the chance that some of the recent gains could yet be reversed. Although the financial system has stepped back from a period of extreme uncertainty, there remains a high level of uncertainty consistent with significant dysfunction in some financial markets. Confidence is still fragile, and tail risks could reemerge. The improvement in financial markets is in large part due to far-reaching public sector support. Thus, the lasting regeneration of the wide range of markets necessary for efficient financial intermediation is far from assured.

More work is needed to fix banks and markets. Concerning banks, this implies in some cases implementing measures already taken, and, in others, adopting new measures.

In spite of recent capital raisings by banks, there is a need to ensure adequate capital levels going forward as default rates increase, and to promote restructuring where needed. Moreover, actions continue to be needed to help banks deal effectively with troubled assets. Only then will they be in a position to support the real economy going forward. Parallel to this, finding ways to reopen the securitization market by placing it on a sounder footing will be of particular importance, as it serves as a significant conduit of credit provision.

Deleveraging and tail risks. If the remaining problems with mature economy banks are not effectively addressed, then the deleveraging process required to restore their health will be more severe than otherwise necessary, acting as a greater drag on the economic recovery.

Indeed, fixing the banks remains a prerequisite for a sustained recovery. Because much of the improvement in financial conditions is due to the robust rally in risk assets since March, there is a risk of a significant market setback if financial markets get too much ahead of the pace of economic recovery. Indeed, tail risks could reemerge if a major correction in asset prices were again to undermine confidence in financial institutions.

Further measures are still needed to restore confidence in the banking sector and to facilitate lending. Many countries have taken an active role in assessing their banking systems by performing stress tests, which, if accompanied by credible measures to address any shortfalls in capital, can be an effective tool in rebuilding bank balance sheet strength.

The U.S. experience and recent European initiatives to organize coordinated stress tests are a welcome step forward. More generally, viable banks with capital shortfalls should be required to submit action plans to raise their capital ratios. If carrying out such plans over the near-term is not feasible, banks viewed as viable should receive temporary capital injections from the government with appropriate conditions.

In some cases, such capital injections may need to be followed by restructuring, including the possible sale or liquidation of parts of the bank. Banks deemed to be nonviable should be resolved as promptly as practicable. Determined and suitably transparent implementation of such policies would be helpful in restoring confidence in the banking sector.

Sovereign debt markets may be at risk of destabilization if the burden of public debt financing is viewed as unsustainable. Emerging markets remain vulnerable to spillovers from mature economies that may result in a more general slowing or cessation of capital inflows. Corporate borrowers in emerging markets are particularly susceptible because of their high rollover requirements and limited access to alternative sources of finance. As well, localized problems in some individual emerging markets could have wider repercussions if not addressed effectively.

Globally consistent exit strategies.. Even though the time has not yet come to start withdrawing all the various forms of official support that have been extended in response to the crisis, it is important that carefully considered and coordinated exit strategies are put in place.

Communication of such strategies can be of great value in reducing market uncertainty. The broad objectives that should guide the formulation of exit policies are price stability, a sound financial system based on market principles, and fiscal sustainability. Within countries, exits should be coordinated across monetary, financial, and fiscal policies.

Central banks should have a range of effective instruments at their disposal for withdrawing liquidity in a timely fashion in order to avoid market disruption. Cleansing central bank balance sheets of quasi-fiscal interventions through transfers to fiscal authorities may also be needed to ensure central bank financial independence.

As confidence resumes, policy options for the withdrawal of extraordinary public support include natural run-off as the market rebounds and the orderly withdrawal of liquidity and funding measures.

A crucial consideration throughout the exit is maintaining consistency of policies across countries to minimize the opportunities for regulatory arbitrage and adverse financial flows. There will likely be political pressures both to delay and accelerate the exit from various crisis policies, which will have to be resisted for the above reasons.

At this critical stage in emerging from the crisis, policymakers need to safeguard the gains made thus far. The unprecedented scope of the crisis itself and the measures taken to contain it, will require a comparable policy response. Throughout this process, timing and modality will be crucial. Reliance on market mechanisms wherever possible will best ensure an outcome consistent with the exit objectives of price stability, a sound financial system, and fiscal sustainability.

http://www.imf.org/External/Pubs/FT/fmu/eng/2009/02/index.htm

Global Financial Stability Report Market Update

http://www.imf.org/External/Pubs/FT/fmu/eng/2009/02/index.htm

***

The Global Enabling Trade Report 2009 cover

East Asian economies are in top positions in the Enabling Trade Index

East Asian economies, Singapore and Hong Kong SAR, rank in the top two positions in the Enabling Trade Index, followed by Switzerland, Denmark and Sweden, according to The Global Enabling Trade Report 2009 released today by the World Economic Forum. Canada, Norway, Finland, Austria and the Netherlands complete the top ten list. The report measures and analyses institutions, policies and services that enable trade in national economies around the world, highlighting for policy-makers a country’s strengths and the challenges to be addressed.

http://www.weforum.org/en/index.htm

***

“Asia, led by China, will lead us out of this crisis”
Timothy P. Flynn, Chairman, KPMG International; Mentor, Annual Meeting of the New Champions 2009
Watch the interview
Programme
Summer Davos 2009

**

Also -

from Davos Summit – World Economic Forum and summer sessions 2009

Network of Global Agenda Councils

The World Economic Forum is forming Global Agenda Councils on the foremost topics in the global arena. For each of these topics, the Forum will convene the most innovative and relevant leaders to capture the best knowledge on each key issue and integrate it into global collaboration and decision-making processes.

Global Agenda Councils represent transformational innovation in global governance, creating multistakeholder groups composed of the most innovative and influential minds for the purpose of advancing knowledge as well as collaboratively developing solutions for the most crucial issues on the global agenda.

Global Agenda Councils will challenge prevailing assumptions, monitor trends, map interrelationships and address knowledge gaps. Equally important, Global Agenda Councils will also propose solutions, devise strategies and evaluate the effectiveness of actions using measurable benchmarks.

In a global environment marked by short-term orientation and silo-thinking, Global Agenda Councils will foster interdisciplinary and long-range thinking to address the prevailing challenges on the global agenda.

The formation of Global Agenda Councils marks a major milestone in the Forum’s evolution towards becoming the “integrator, manager and disseminator of the best knowledge available in the world.” These Councils build upon a unique strength of the Forum: its extraordinary ability to convene the very best of the world’s thought leaders. The Global Agenda Councils will also leverage the world’s greatest minds to develop a better understanding of the leading issues of the day and how they will shape the future.

http://www.weforum.org/en/about/GlobalAgendaCouncils/index.htm

Global Agenda 2009

The Global Agenda 2009, is a distillation of the highlights of the tremendously relevant discussions that transpired during the Summit.

The Global Agenda 2009

my note-

technical difficulties

-

our apologies

***

IEA’s G8 Programme – Aiming at a Clean, Clever and Competitive Energy Future

Following up on its participation in G8 events during the past four years, the IEA has been invited by the Italian G8 Presidency to take part in the G8 Environment Ministers meeting in April, the G8 Energy Ministers meeting in May and the G8 Summit in July. See the official Italian G8 web site: http://www.g8italia2009.it for more details.

Attending the G8 Energy Ministers meeting, in Rome from 24-25 May, the IEA presented its analysis on the impact of the financial crisis on global energy investments (read executive summary). The Agency also provided a background paper on climate policy (read report).

At the G8 Environment Ministers’ meeting in Siracusa on 22-24 April 2009, IEA Executive Director Nobuo Tanaka presented a paper on presented a paper to the Ministers on the RD&D and investment needed to ensure that low-carbon technologies become viable, commercial technologies in the future. The IEA presentation emphasised that low-carbon technologies must play a key role in climate change mitigation. See Mr. Tanaka’s remarks, slide presentation and G8 paper.

The IEA G8 programme has identified new strategies for greater energy security and climate protection. IEA points to policies for speeding development and deployment of cleaner, more efficient energy technologies. The IEA has submitted a set of concrete policy recommendations for promoting energy efficiency that could reduce global CO2 emissions by 8.2 gigatonnes by 2030.

The IEA work focuses on: alternative energy scenarios and strategies; energy efficiency in buildings, appliances, transport and industry, including indicators; cleaner fossil fuels; carbon capture and storage; renewable energy; and enhanced international co-operation.

The IEA G8 programme was initiated following the G8 leaders’ request at their 2005 Summit in Gleneagles, Scotland.

Access the IEA Press Release following the G8 Hokkaido meetings.

http://www.iea.org/g8/index.asp

***

http://www.iea.org/textbase/npsum/G8_EE_2008.pdf

Executive Summary of IEA suggestions 2008 – to G8 summit

25 Energy Efficiency Policy Recommendations by IEA to G8- 2008
2008
Executive Summary Size: KB
ISBN:
No. of Pages: 68
Download the PDF Type of Document: Paper
The IEA recommends that G8 leaders adopt and urgently implement this package of measures to significantly enhance energy efficiency. This package was developed underthe Gleneagles G8 Plan of Action, which mandates the pursuit of a clean, clever and competitive energy future.

Feedback, comments suggestions on this publication? Please contact us at this link.

[From - ]

http://www.iea.org/Textbase/publications/free_new_Desc.asp?PUBS_ID=2047

***

Publications for Sale Publications/Surveys Free for Download
  • Renewables Information 2009 with 2008 data
  • World Energy Statistics 2009 CD-ROM service
  • Energy Balances of OECD Countries 2009 Edition
  • Energy Statistics of OECD Countries 2009 Edition
  • CO2 Emissions from Fuel Combustion, 2008 Edition
  • Natural Gas Information 2008 with 2007 data
  • Oil Information 2008 with 2007 data
  • Electricity Information 2008 with 2007 data
  • Coal Information 2008 with 2007 data
  • Energy Balances of Non-OECD Countries 2008 Edition
  • Energy Statistics of Non-OECD Countries 2008 Edition
  • Energy Prices and Taxes (quarterly) Quarterly publication
  • Oil, Gas, Coal, and Electricity (quarterly) Quarterly publication
  • Oil pdf, excel (view archive since 1999 )
  • Natural Gas pdf, excel (view archive since 1999 )
  • Prices pdf, excel
  • Electricity pdf, excel
  • (view archives)

  • Key World Energy Statistics 2008
  • Oil Market Report
  • Energy Statistics Manual
  • See all publications

    http://www.iea.org/Textbase/stats/index.asp

    ***

    Welcome to the Oil Market Report online service.

    Each month, access to information on supply, demand, stocks, prices and refinery activity is available through the Oil Market Report online service.

    The OMR publication published each month can be found here on this website in pdf. Available along with it are over 3000 charts and graphs updated monthly. All of this is available to subscribers who choose to receive the Oil Market Report by email. The charts are available simultaneously with the release of the OMR. This web service is a perfect complement to the macro analysis in the report.

    Subscribers, please log in (to the left) for the very latest oil market information.

    Visitors, please see our free public access site. This information is available with a two week time delay.

    http://www.oilmarketreport.org/

    ***

    http://omrpublic.iea.org/

    Visitors, please see our free public access site. This information is available with a two week time delay.

    (Which is the link immediately above)

    World Oil Demand Chart from 2009 through July 1 - International Energy Agency

    World Oil Demand Chart from 2009 through July 1 - International Energy Agency

    Highlights of the latest OMR
    dated: 11 June 2009

    Forecast global 2Q09 crude runs are raised 0.2 mb/d to 71.3 mb/d, as a result of higher April preliminary data in OECD countries, reports of high crude runs in China and marginally stronger global demand. But 3Q09 crude runs are forecast at 72.8 mb/d, representing an annual decline of 1.2 mb/d.

    [Etc.]

    The latest free issue of the full OMR

    http://omrpublic.iea.org/

    ***

    Day One of the L’Aquila G8 Summit: the press conference

    Prime Minister Silvio Berlusconi during the press conference Prime Minister Berlusconi has summed up the first day’s proceedings at the Abruzzo Summit, stressing the agreement reached on fighting climate change, which is to be submitted to the G5 countries during the forthcoming sessions. The other topics on the agenda included the economic crisis and the need for new rules, development and food security.

    Summit Documents: the first day

    The G8 meeting in the Main Conference Hall 08/07/2009 A new page entitled “Summit Documents” is now available online in the “Summit” section of the website. This new item on the menu, the first item in the “Summit” section, will contain all of the Declaration and documents from the L’Aquila Summit in Pdf format ready for downloading and printing.

    http://www.g8italia2009.it/G8/G8-G8_Layout_locale-1199882116809_Home.htm

    ***

    http://www.g8italia2009.it/G8/Home/Media/Foto/G8-G8_Layout_locale-1199882116809_1246707983758.htm


    The People Working on Our Behalf at the G8 Summit in L’Aquila, Italy right now – July 8 – 10, 2009

    Foto di famiglia G8

    High Resolution Download

    Da sinistra: il Presidente giapponese Taro Aso, il Premier canadese Stephen Harper, il Presidente degli Stati Uniti Barack Obama, il Presidente francese Nicolas Sarkozy, il Presidente del Consiglio italiano Silvio Berlusconi, il Presidente russo Dmitry Medvedev, il Cancelliere tedesco Angela Merkel, il Premier del Regno Unito Gordon Brown, il Primo Ministro del Regno di Svezia Fredrik Reinfeldt e il Presidente della Commissione Europea José Manuel Barroso durante la foto di famiglia nel primo giorno del vertice G8 a L’Aquila. SitoG8/ANSA foto: Maurizio Brambatti

    ***

    About Italy

    Welcome to Italy, and Welcome to Abruzzo

    Poppies on the Amiternum's Archaeological site background Many of the guests who will be coming to Italy during this year of the Italian G8 duty Presidency are already familiar with the country and its landscapes, its artistic heritage and the wide variety of cultures, dialects and aspects of the various italian regions. Many of them are admirers of the goods produced by italian creativity in sectors ranging from fashion to design and from machinery to traditional agricultural produce and leading-edge technologies. Connoisseurs of italian wine and cuisine, with their extraordinary variety of flavours and aromas, are also legion worldwide.

    For several reasons, however, Italy is also a country that faces a large number of hazards due to the forces of nature and the way the land has been managed.

    Around 40% of its population lives in highly seismic areas, and Abruzzo, the region that is to host the summit, was struck by a violent earthquake in April. The quake left 300 dead and razed a considerable portion of the architectural heritage of L’Aquila and the surrounding province to the ground.

    The italian G8 Presidency decided to move the Summit venue from its original site in Sardinia to L’Aquila, both as a sign of sympathy and support for the people of Abruzzo and to draw the world’s attention, at this time of hardship, to an italian region with a wealth of history, culture and natural beauty.

    http://www.g8italia2009.it/G8/Home/G8-G8_Layout_locale-1199882116809_ConoscereItalia.htm

    ***

    G-8 leaders have ambitious environmental goals

    L’AQUILA, Italy (CNN) — Leaders of the world’s most powerful economies pledged to seek huge cuts in their greenhouse gas emissions at a summit in Italy on Wednesday.

    The Group of Eight leaders said they would “join a global response to achieve a 50 percent reduction in global emissions by 2050 and to a goal of an aggregate 80 percent or more reduction by developed countries by that date.”

    [Etc.]

    http://www.cnn.com/2009/WORLD/europe/07/08/g8.summit/index.html

    ***

    http://news.bbc.co.uk/2/hi/in_pictures/8141561.stm

    BBC slide show G8 Summit in photos – 07-08-09 – Amazing.

    ***

    http://www.abruzzo2000.com/abruzzo/laquila/laquila.htm

    See below toward bottom of this post for some general info from this site about L’Aquila and the surrounding area – (before the earthquake, April 6).

    ***

    9 firms to run toxic assets program

    Among those selected: BlackRock and Invesco. Program will be kickstarted with $30 billion government investment.

    By David Ellis, CNNMoney.com staff writer

    NEW YORK (CNNMoney.com) — The government on Wednesday tapped nine financial firms to manage a scaled-down program aimed at helping the nation’s banks and said it would invest up to $30 billion to get it started.

    Among those selected to serve as asset managers of the so-called Public-Private Investment Program were BlackRock (BLK, Fortune 500), AllianceBernstein (AB), Oaktree Capital Management, Invesco (IVZ), Angelo, Gordon & Co., Marathon Asset Management, RLJ Western Asset Management, The TCW Group and Wellington Management Company.

    [ . . . ]

    “While utilization of legacy asset programs will depend on how actual economic and financial market conditions evolve, the programs are capable of being quickly expanded if these conditions deteriorate,” Treasury Secretary Tim Geithner, Fed Chairman Ben Bernanke and FDIC Chair Sheila Bair said in a statement.

    [ Etc. ]

    Treasury has said the program is intended to generate a return for private investors and protect taxpayers.

    Under the program, banks and other qualified firms looking to rid themselves of assets will sell commercial mortgage-backed securities and certain residential mortgage-backed securities issued before 2009 and originally considered ‘AAA’-rated by two or more recognized agencies.

    Each of the nine selected fund managers are required to invest a minimum of $20 million in firm capital in the funds they manage. At the same time, no single investor will be able to own more than a 9.9% stake in the PPIP funds.

    It remains to be seen how effective the program will be in helping shore up banks’ finances.

    [there's more - but the next little bit says that a "key industry group" has long advocated for the program - gee, wonder who that is? - my note]

    http://money.cnn.com/2009/07/08/news/companies/ppip/index.htm?cnn=yes

    First Published: July 8, 2009: 4:31 PM ET

    ***

    25 charged in $100 million mortgage fraud

    (also on CNN – and the news tonight)

    ****

    http://www.abruzzo2000.com/abruzzo/laquila/laquila.htm

    L’Aquila History and Region Information site – (not the most current – but very interesting and good information).

    Altitude: 714 m a.s.l — Population: ca. 67000 inhabitants — Zip code: 67100 — Phone Area Code: 0862

    L’Aquila

    province of L’Aquila, Abruzzo, Italy

    L’Aquila (surface area 466,96 kmq, about 67,000 inhabitants on the whole territory of the Commune, about 45,000 only the town and suburbs), the capital town of Abruzzi and of the Province of L’Aquila, is situated on the left bank of the Aterno River, at an elevation of 2,150 feet (655 meters), in a valley surrounded by the highest mountains of the Appennines, the Gran Sasso and the Velino-Sirente, 58 miles (93 km) northeast of Rome. For its geographical position in the middle of high mountains the city has long, cold winters and abundant rainfall throughout the year, even if autumn is the wettest season. L’Aquila is the main historical and artistic centre of Abruzzi, has an archbishopry and is renowned for its University, Musical Conservatory, Arts Academy, Theatre and Concert Society, National Museum of the Abruzzi and the ancient Salvatore Tommasi library.Formerly a center for handicraft and agriculture, L’Aquila has nowadays become primarily an administrative center for its large province and partly for the region (regional bodies are divided between L’Aquila and Pescara). The economy of the town is characterized by chemical, mechanical and farming industries, the production of wine, cereals, saffron and dairy products, traditional delicatessen and craftswork; the nearby mountains also offer facilities for winter sports and excursions.

    (more info on history and sites in the region found on this page – I don’t think it is the official site but it is a good one.)

    http://www.abruzzo2000.com/abruzzo/laquila/laquila.htm
    ***

    ***

    Bottled Water:

    FDA Safety and Consumer Protections Are Often Less Stringent Than Comparable EPA Protections for Tap Water

    GAO-09-861T July 8, 2009
    Full Report (PDF, 8 pages) Accessible Text

    http://www.gao.gov/new.items/d09861t.pdf

    Federal and state regulation of the quality of bottled water. FDA’s bottled water standard of quality regulations generally mirror EPA’s national primary drinking water regulations under the Safe Drinking Water Act, as required by the Federal Food, Drug, and Cosmetic Act (FFDCA) as amended, although the case of DEHP (an organic compound widely used in the manufacture of polyvinyl chloride plastics) is a notable exception.

    Specifically, FDA deferred action on DEHP in a final rule published in 1996, and has yet to either adopt a standard or publish a reason for not doing so, even though FDA’s statutory deadline for acting on DEHP was more than 15 years ago.

    More broadly, we found that FDA’s regulation of bottled water (including its implementation and enforcement), particularly when compared with EPA’s regulation of tap water, reveals key differences in the agencies’ statutory authorities.

    Of particular note, FDA does not have the specific statutory authority to require bottlers to use certified laboratories for water quality tests or to report test results, even if violations of the standards are found. Among our other findings, the states’ requirements to safeguard bottled water often exceed those of FDA, but are still often less comprehensive than state requirements to safeguard tap water.

    • Federal and state regulation of the accuracy of labels or claims of purity. FDA and state bottled water labeling requirements are similar to labeling requirements for other foods, but the information provided to consumers is less than what EPA requires of public water systems under the Safe Drinking Water Act.

    Public water systems must annually provide consumer confidence reports that summarize local drinking water quality information about the water’s sources, detected contaminants, and compliance with national primary drinking water regulations as well as information on the potential health effects of certain drinking water contaminants.

    FDA does not require bottled water companies to provide this information. Rather, as in the case of other foods, bottled water labels are required to list ingredients and nutritional information and are subject to the same prohibitions against misbranding. In 2000, FDA concluded that it was feasible for the bottled water industry to provide the same types of information to consumers that public water systems must provide.

    However, the agency was not required to conduct a rulemaking requiring that manufacturers provide such information to consumers, and has yet to do so. Nevertheless, our work suggests that consumers may benefit from such additional information.

    For example, when we asked cognizant officials in a survey of the 50 states and the District of Columbia whether their consumers had misconceptions about bottled water, many replied that consumers often believe that bottled water is safer or healthier than tap water.

    Their responses were consistent with a 2002 EPA-sponsored Gallup survey, which found that the main reason consumers either filtered tap water or purchased bottled water was due to health-related concerns.

    We also found that information comparable to what public water systems are required to provide to consumers of tap water was available for only a small percentage of the 83 bottled water labels we reviewed, companies we contacted, or company Web sites we reviewed.

    • The environmental impacts of bottled water. Among the environmental impacts of bottled water are its effects on U.S. municipal landfill capacity and U.S. energy demands.

    Regarding its impacts on landfill capacity, we found that about three-quarters of the water bottles produced in the United States in 2006 were discarded and not recycled, on the basis of figures compiled by an industry trade association and an environmental nonprofit organization.3

    Regarding the impact on U.S. energy demands, a recent peer-reviewed article noted that while the production and consumption of bottled water comprises a small share of total U.S. energy demand, it is much more energy-intensive than the production of public drinking water.4

    Our report released today recommends that the Secretary of Health and Human Services direct the Commissioner of FDA to issue a standard of quality regulation for DEHP, or publish in the Federal Register the agency’s reasons for not doing so 1 year after the conclusion of its task force study on the issue.

    FDA generally concurred with the recommendation, agreeing that it should reassess whether to issue the regulation for DEHP as soon as possible after the conclusion of the task force study on phthalates.5 The report also recommends that FDA implement its findings on methods that are feasible for conveying information about bottled water to customers.

    FDA agreed that bottled water should be labeled with contact information allowing consumers to more easily contact the manufacturer to obtain comprehensive information about the product, and said it intends to pursue this issue with bottled water manufacturers.
    Despite the concerns our report raised regarding FDA’s regulation of bottled water under the FFDCA (particularly in comparison with EPA’s regulation of drinking water under the Safe Drinking Water Act), we concluded that its observations must be viewed in the context of the legal limitations placed by the act on FDA, and the constrained resources that have affected FDA’s overall capabilities in recent years.

    The legal limitations arise because while the Safe Drinking Water Act authorizes EPA to require water samples to be tested by certified laboratories, and violations of national primary drinking water regulations to be reported within certain time frames to EPA or the state agency with primary enforcement responsibility, the FFDCA does not grant FDA similar authority.

    Rather, the FFDCA requires FDA to regulate bottled water as a “food.” As such, it does not specifically authorize FDA to require that bottled water be tested by certified laboratories or that violations of the standard of quality be reported to FDA.

    pp. 2 – 5

    Also -

    In addition to these legal constraints, bottled water’s status as a food has subjected it to many of the same problems more generally affecting FDA oversight of food safety.

    As we noted in January 2007, for example, when we designated federal oversight of food safety as a “high-risk” area affecting public health and the economy, federal oversight of food safety is fragmented, with about 15 agencies having food safety roles.

    We specifically cited FDA’s resource constraints, noting in 2008 that while the number of domestic firms under FDA’s jurisdiction increased from fiscal years 2001 through 2007 from about 51,000 firms to more than 65,500, the number of firms inspected declined from 14,721 to 14,566 during the same period.

    We cited resource constraints as a contributing factor, noting that the number of full-time-equivalent positions at FDA devoted to food safety oversight had decreased by about 19 percent from fiscal years 2003 through 2007.

    Ultimately, as our January 2007 report recommended, a fundamental reexamination of the federal food safety system will be needed to look across the activities of individual programs within specific agencies with responsibilities related to food safety.

    Toward that end, we had previously recommended in 2001 that the Congress, among other things, enact comprehensive, uniform, and risk-based food safety legislation and commission the National Academy of Sciences or a blue-ribbon panel to analyze alternative organizational food safety structures in detail.8 We continue to believe that such a fundamental reexamination is needed, and believe that FDA’s lack of authority and resources to effectively regulate bottled water should be part of it.

    For questions about this statement, please contact John Stephenson at (202) 512-3841 or stephensonj@gao.gov. Individuals who made key contributions to this testimony include Steve Elstein, Assistant Director; Brian M. Friedman; Nathan A. Morris; Kelly A. Richburg; and Jeanette Soares.

    http://www.gao.gov/new.items/d09861t.pdf

    ***

    The principles that the Republicans said they believed in and that they would protect, I believe in – we all do.

    But they didn’t do that.

    What they did was, after saying they believed in small business, the Republican Party policy makers robbed every program at the Small Business Administration and diverted those funds to local governments, to banks, to finance companies and to specialized non-profits that they largely controlled.

    While saying that they believed in small de-centralized government, they literally spent more money, cut more services, raised more fees, raided more programs and built a bigger, more intrusive controlling government than we have ever had in the history of our country.

    I should’ve known something was very wrong, when every woman had to be a size six with straight blonde hair in a shoulder-length page boy style with big boobs enhanced by surgery and pouty swollen collagen-enhanced lips, in order to get a job, have a life, be a wife, be accepted as a mother and to be considered a normal person who could fit in anywhere in America.

    When the Republicans controlled this country, (and in many states and local governments, they still do,) the individual protections against unreasonable search and seizure were undermined and dismantled. That isn’t because the Republican Party as it is currently been constructed for the last thirty – forty years believes in what they’ve said about individual rights, freedoms and the Constitution.

    The Republican Party dismantled the Miranda rights and made it commonplace for police raids to be warrantless, for police brutality to be rampant, for “knock and enter” bust down the door swat teams and local police to shoot 83 year old women in their own homes because they had the wrong house, and for there to be no accountability when those police decisions were wrong.

    The concept of eminent domain and sovereign immunity for government entities, government workers and officials from the local government on up to the President was established, beefed-up and enforced during their control of our country, both by policy and by new laws that the Republicans used conservative think tanks to create. That doesn’t honor our Constitution. It doesn’t honor the Bill of Rights. It denied the very existence of the intent written in the Declaration of Independence.

    While proselytizing that a free market economy was the Republican principle they wanted to protect – which it is but the way they did it, is not – they literally pumped billions of dollars into some businesses and industries at the expense of others who were competing fairly with them. They withheld those funds from others who did not feed them campaign contributions or weren’t members of their “class” of friends.

    Policy choices were made by Republicans, run by conservatives, that were twisted, self-serving, big government, anti-family, anti-community, anti-freedom, against democracy and with contempt for the common man and the value of individual life while undermining individual rights in every community in America. Choices were made about policy and the applications of policy which served no one but them by the hands of the Republicans after saying they intended to protect, honor and implement those principles we all agreed were the foundations of our country and our Constitution. From AIG being bailed out to diverting the funds given to non-profit charities to help people in communities away from flowing into the community while instead using those moneys to fund their conservative think-tanks, the Republicans at every level of our local government through the previous administrations and legislatures have literally robbed our country of its standing in the world.

    Its having its impact on us now and last year and in the number of rosy-faced cheeks across scores of little children across our country who are living at the homeless shelters now instead of in their own beds at home. The communities with malls, and strip shopping centers and office buildings that stand 80% empty are the result of these Republican Party policies through forty years of implementing what they said were good things for America.

    Well, obviously they weren’t implementing policies that would result in the things that they said. The only thing these Republican policies created by conservatives did for certain, was to create wealth for them at the expense of our entire economy, at the expense of the global economy, at the expense of our future and at the expense of anybody having a job or a small business or employing themselves and at the expense of America’s prosperity and standing in the world community.

    The Republican Party policies as they applied them, undermined companies and corporate structures that had been world leaders for over a hundred years. These policies undermined the opportunities for individuals to thrive with their own small businesses. It denied access to innovative ideas and destroyed companies that were providing innovation and competition in the marketplace. In fact, they managed to destroy entire industries which now offer the prosperity of their business models from profit to employment, in other countries around the world – but not in ours.

    They turned the small business administration into a sales agent and clearinghouse to sell commercial loans for the banks and finance companies rather than its intended purpose as an incubator and support with grants and opportunities for creating and growing small businesses. They turned the opportunities for a higher education into a cattle mill for strapping every American family with a loan-shark rate credit liability while chaining up individuals with an albatross around their necks of money owed before even starting out in their lives. It is wrong.

    Our roads are in disrepair, our bridges are rusted and crumbling, our dams are a disaster waiting to happen and some have already destroyed lives because they simply weren’t repaired when that money was diverted to some pet Republican project like a golf course, a yacht marina, a polo field or whatever other piece of nonsense that the public would never get to use while plowing our tax money into that project to do it.

    The Republicans have spent more on one chair for their offices (which we paid for) – than they did to cover an entire year of social security income for an individual who was forced to live on it because of age or disability. That is insane. And, its partly because they’ve been robbing those funds every time they needed money. They borrowed against it, they pay the interest on the national debt out of it, they use it to leverage stock investments to play the stock market and on and on and on.

    The social security system trust funds wouldn’t be broke if they hadn’t been stealing it to do other things – just as with many funds and systems in every agency, every state budget, every Federal budget and every locally Republican controlled city and county government. And they are still entrenched doing everything they can to abort, undermine and thwart any change whatsoever because they want to keep it the same where the only ones who ever have anything is them and their friends and their families at the expense of us all.

    They spent $85,000 per square foot to build covered skyways from their parking deck that we also paid for and don’t get to use, so their precious little Republican hair styles and Armani suits wouldn’t be mucked up by the rain and they wouldn’t have to walk where the “common people” were walking down on the street. That isn’t because they honored equality and democracy, it was because they didn’t understand the principles upon which it was founded.

    The Republicans diverted money from the food stamp program and nutrition programs for school children and elderly to put it into thoroughbred horse breeding programs, thoroughbred racing horse farms and horse farms that were profit-driven and needed no one’s support. They’ve managed to rob every last program that was intended and legislated to help within communities to support after-school programs, sports, arts, music, education, continuing adult education, anti-gang programs, elderly programs and senior community center programs, and programs to support people with disabilities, in order to use those moneys for pet projects that only served them and their rich friends.

    They made it possible for police and social workers to come into any house in America at any time of the day or night without just cause, without a reason checked by anybody, and take anything and anybody they wanted for any excuse or none at all and that included the children and everybody else there. And they have done it.

    They have made it such that no accuser is faced, no checks and balances exists, no accountability can be pursued to prove it was wrong or to have remediation made, and where American citizens have no protection or recourse from the government that the Republicans said they didn’t want intruding in people’s lives and businesses.

    Apparently, they did something different than what they said they believed that bought votes and support for them. Their policies did not do what they said were important to them and to us. That is a problem.

    And, it is still an entrenched power that is actively hindering change, is using the system to fund their own businesses, is still using our government resources to put their competitors out of business, is continuing to ignore the founding principles of our nation and is still undermining the Constitution which we all believe should be upheld rather than destroyed. That means, it is still a problem that affects all of us.

    The ideals and principles that the political parties claim while doing something else are ideals and principles that most, if not all, of us agree upon. When the Republicans have held office and pervasive power over these last thirty to forty years and the party was being run by conservatives like Rush Limbaugh and Ed Lazear, (whose wikipedia entry I’ve included below) – we have had more children killed in every state by poor judgments made by their judges, their social service workers and the departments of family and children services and child protection services than have been killed in entire wars across the world.

    We have had more families undermined and destroyed, more communities that now stand diminished rather than thriving, more deaths and sickness from food poisonings and by mistakes made by “health care professionals” at hospitals and by doctors, nurses, medical specialists, hospital corporate administrators and pharmaceuticals / hospital pharmacies than the sum total of entire populations of some countries. They, the Republicans did that.

    They removed the checks and balances which prevented it and they removed the funding which supported inspectors to keep standards safe and in use, and they removed the ultimate accountability which made it undesirable to disregard human life.

    The fact is, that under the policies of the conservative Republican administrations and state governments, America has been a wasteland of crime and drug use and hopelessness and lack of opportunities for huge populations in every community across every state of this country. They have put a little over a third of the population in jails and prisons where it was made into a business to make a profit for their friends and their high class campaign donors.

    They have created a mental health system that is barbaric and looks more like Cold War era Soviet or Chinese communist or Stalinist “behavior modification camps” of the 1950’s and even back during the 1930’s. The Republicans have forced “cooperation cocktails” of powerful health destroying, brain-damaging drugs on entire populations of people who think, act, believe, or dress differently than the preferred Barbie and Ken doll norm of the Republican Party and the conservative Christian Moral Minority that has been supporting them.

    Our televisions broadcast materials that have been censored for content, language and appropriateness at the hands of the Republicans even to this day and there are stories around the world that they simply don’t tell us here – not because they aren’t important but rather that they don’t want us to know it or don’t want that interpretation of reality shown. It is partly prudish intent and partly to keep anything from balancing the perspective that the business community and the conservatives want portrayed in the way they want it to seem. Still doesn’t make it the truth, doesn’t even make it accurate and it doesn’t change the facts when it comes right down to it.

    There is a greater world out there which could not be fully controlled by this fundamentalist gestapo mentality from the Republican party running the United States and nearly every state government and legislature in it. But they sure did try and are continuing to do so with the best of their efforts even now. And, I don’t mean to spread democracy and freedom – that isn’t it.

    Their business friends are still selling derivatives to pawn them off on somebody when they will be worthless before its all over with. And, they are still insisting that the resuscitation of regulations along with transparency are foul to prosperity and growth when they will simply and justifiably be rules of the road so everyone can compete equitably and investors can see what they are getting.

    We wouldn’t put up with roads that have no stop signs, either. But, “spin it,” they will, until no chance of being hindered from legally thieving, stealing and gambling other people’s money is considered and they can keep on doing what they’ve been doing this whole time which is to stand on us to get what they want for themselves.

    There are all kinds of ways to do things and some of them result in desirable outcomes which support the principles and ideals we agree together to honor and some do not end up doing that no matter how good they sound on paper. It is a sad testament to the actions and policies of the Republican Party over the course of the last three years that they didn’t know the difference between their applied policies which yielded a result matching those principles and  those which did something opposite of that.

    But it is an absolute shame and a tragedy of international as well as national consequence that they didn’t know that difference for over forty years of doing it their way with every evidence of the destructive results of what they were doing, from atomic weapons testing on US soil to macro-economics Federal Reserve actions to business and corporate deregulation to insisting on taking children away from households who didn’t have a man and a woman acting out “Father Knows Best” from 1957. Who put those clowns in charge?

    - cricketdiane, 07-08-09

    ***

    Edward Paul “Ed” Lazear (born 1948) is an award-winning American economist, considered the founder of personnel economics, and was the chief economic advisor to President George W. Bush.

    Most of his work has to do with motivating and compensating workers. One of his most famous papers, “Rank-Order Tournaments as Optimum Labor Contracts,” argues that in certain circumstances, it is in a firm’s best interest to rank its employees and pay particularly high wages to the top-ranked employees.

    This helps explain why the highest jobs, like chief executive officer, often draw paychecks that are much higher than the next-highest jobs, even though the skill differences between those employees are not very high.

    (My Note – and you thought it was because those people at the top actually deserved more than the rest of us or because they were doing such a special, important and critical job at the top that only they could do – yeah, right. It was because this intellectual giant and his Republican masters told them it was the thing to do to get people to work harder than God ever intended while cheating them out of any fair and reasonable compensation for it and doing so intentionally.

    Then they gave that unfair gain to the top executives in extra pay and bonuses and stock options and perks and helicopters and planes and pensions and full health coverage and country club dues and greens fees and office suite amenities and hookers and health spa “conferences” and Las Vegas junkets for appearances – oh that must have really taxed their mental prowess and required sacrifice worthy of getting paid to do it. – cricketdiane note)

    Content

    // <![CDATA[
    //

    Career

    Lazear graduated from the University of California, Los Angeles with a bachelor's degree and master's degree in economics in 1971. He received his doctorate in economics from Harvard University in 1974.

    From 1985 to 1992, he was a professor of Urban and Labor Economics at the University of Chicago. Since 1992, he has been an economics professor at Stanford Graduate School of Business. Lazear has served as a research assistant at the National Bureau of Economic Research, as well as a research fellow at the Centre for Economic Policy Research and the Institute for the Study of Labor. He is a Senior Fellow at the Hoover Institution. In 1996, he founded the Society of Labor Economists. Prior to his nomination and confirmation as chief economic advisor to the President, Lazear was a member of Bush's tax reform advisory panel in 2005.

    Research

    Lazear is the founding editor of the Journal of Labor Economics. He has published over 100 scholarly articles. [1]

    Most of his work has to do with motivating and compensating workers. One of his most famous papers, “Rank-Order Tournaments as Optimum Labor Contracts,” argues that in certain circumstances, it is in a firm’s best interest to rank its employees and pay particularly high wages to the top-ranked employees. This helps explain why the highest jobs, like chief executive officer, often draw paychecks that are much higher than the next-highest jobs, even though the skill differences between those employees are not very high. It also helps explain the partnership structure of law firms, in which associate lawyers compete to become partners and earn a much higher salary. He has also analyzed how peer pressure and mandatory retirement can help reduce principal-agent problems in companies.

    Awards

    Lazear has won a number of awards over his career. Among those that he has won are:

    Books

    Patents

    Edward Lazear is listed as a coinventor on 5 pending US patent applications.[1] Some of these pending patent applications are considered to be tax patents.[2] This has led to criticism of Lazear by organizations opposed to tax patents, such as Citizens for Tax Justice. Lazear, however, no longer has any ownership rights in these pending applications and cannot receive any royalties from them should they ever issue as valid patents. The full ownership rights to these applications are owned by Liquid Engines.

    References

    1. ^ Pending US patent applications listing Edward Lazear as a coinventor and their corresponding international counterparts
    2. ^ Stamper, Dustin “Bush Economist Listed as Inventor on Tax Strategy Patent Application”, Tax Notes, September 17, 2000

    [etc.]

    http://en.wikipedia.org/wiki/Edward_Lazear

    ***

    Sarkozy, Brown meet in advance of G8

    Published: July 8, 2009 at 12:11 AM

    EVIAN, France, July 8 (UPI) — French President Nicolas Sarkozy and British Prime Minister Gordon Brown, meeting one-on-one before the G8 summit, agreed on the need for stimulus spending.

    The two leaders held talks Monday in Evian, a French town on Lake Geneva, the EUObserver reported. The Group of Eight summit meeting begins Wednesday in L’Aquila, an Italian town recently devastated by an earthquake.

    [ etc. ]

    The meeting appeared to be a friendly one.

    “President Sarkozy, mon ami, you are truly a force of nature,” Brown said.

    http://www.upi.com/Top_News/2009/07/08/Sarkozy-Brown-meet-in-advance-of-G8/UPI-31411247026318/

    ***

    Would you like for me to look up something for you?

    1. Must be publicly available information. I do not hack into databases. you can find somebody else to do that.

    2. For $3,000 only you will have access to the information I compiled for you over the next 30 – 45 days / or 3 months for a slightly higher fee.

    3. For $350, you will have the information and it will be made available to the public on my blog, websites and / by emails to those who want access to it (at the same time you get it.)

    4. For a sponsorship of my work for $5,000 which will allow me to continue my work you will have the following -

    I will credit your support of my work, if you want that or retain your anonymity, if that is your choice.

    You will have access to password protected posts, except for those services following the “Don’t Ask – Don’t Tell” package features, as well as public information posts as they are created.

    And, I will let you know the general subject areas that I’m working on before those posts are made to alert you to them.

    If you want specifically focused searches made for you – I will do everything I can to incorporate that into projects that I’m doing and alert you by email that it is available on whatever post where it is included when it is posted.

    ***

    Also –

    ** If you only have $30 to use for this – call me and I’ll see if it can be added to a current project to find the information access points you are trying to find and then it will be posted whenever the project information is posted – whenever that is.

    * Note – Do not ask me where Michelle Obama gets her shoes or similar questions – that is someone else’s specialty.

    The fee you are giving to me is intended to cover the service of my efforts to find the information and/or the access points to the information for you that I can do in the manner I do it – it gives no more rights and all appropriate laws about the public uses of the materials are up to you to honor.

    *Advantages*

    1. offers a more comprehensive overview of information for you to access as a companion source to other research.

    2. adds to whatever “experts” have given you.

    3. saves 3 years of work looking it up yourself.

    4. I might find something you need to know or access to raw data to accompany whatever analysis you have paid to get elsewhere.

    5. it is at least partially customized to your focus and timeframe and will give you access to my focus and educated choices in the information sources returned to you.

    ****

    The “Don’t Ask – Don’t Tell” Package

    I will send a flash drive to you with all the information sources, links and excerpts on it.

    The prices for this package are by consultation only due to the complexity, specificity and time constraints that can be accommodated in doing it. The price starts at $15,000 for the “Don’t Ask – Don’t Tell Package” and is far less than I would have to pay for someone to do it for me.

    The information sources won’t be specifically private, but the exact unique components of the compilation group of sources and information will be kept between us and your access to it will be kept confidential and anonymous in relation to it.

    * Similar materials and links may be used for other public access on my blog, however the original compitlation given to you will not be re-used in its entirety as a group (only you and I will have that.)

    I will need three things besides money in order to do this for you -

    1. When did you need it?

    yesterday? an hour ago?

    next week? two weeks from now?

    or before the Asian markets open?

    2. How target specific do you want the information and how necessary is it that it be as close to real-time or as current as possible? will you need an email update to get the information in real time? do you need historical or background references or general information sources with it?

    3. How much information – can you assimilate 700 – 800 pages of materials with the links to explore the possibilities for your needs? can you be okay with 1500 pages? or do I need to condense the materials for you? Although I use Google searches and other search engines, this is not a Google search that is offered here. Please see my blog entries across the last year and a half, to see what you will be getting. It isn’t, “returning simple search results” to you.

    4. Note – there have been many research companies that can price a very good package of experts and analysis to you – this is intended to be an addition which you would not otherwise have available to you. It includes database sources, research statistics portals, official agency reports and data, official regulations and policy information portals, international statistics and information sources, real-time government and business / industry data collection dissemination points, news agencies and news portals, specialized information directories and published documents, and where I am following those links for specific information groups and knowledge bases.

    I am not making analysis of them for you. You do not have enough money for me to do an analysis for you and you wouldn’t believe me anyway no matter what the information says, because it won’t be what you want to hear in the way you want to look at it.

    The Don’t Ask – Don’t Tell Package starts at a minimum of $15,000 and if some of the information is needed in real-time, I can email those elements to you and send the flash drive with all of it to you by FedEx. If you are interested in this service, it will be priced by consultation. I am not going to come to where you are. You can email me or we can interact by phone, Skype or other webcam interactive video conferencing program.

    ****

    Also – Please Note -

    I am not in the business of selling customer databases or information of that nature at this time. However, if you want to know where to find a list of all the plumbers in America – I can probably find the access to that for you, or similar portals you can access to find them.

    - Just so you know – if I can’t do it – I will tell you that ( and suggest some other way, if I know of one.)

    ***

    One last thing -

    There has to be an end time – an end point – 3 days or over the course of 2 weeks or whatever it is that we agree upon. I am not continuing the project for $3,000 nor for $15,000 throughout an entire year. If you want that, I can’t help you and nothing I can find will help you either. It is a limited price for a limited one project, a focused search compilation specific to your requested information one time, during a limited, closed and specific time period.

    I may or may not be able to speak, read, write and somewhat understand 87 different languages but I wouldn’t count on it. Some research possibilities that may be available in a variety of languages, including Latin and Ancient Greek or others might be included in the search that I give you. But, do you want that or not? You need to let me know if you want them to be partially described in my language skills considering they are a bit unreliable. (those skills are getting better, though)

    An example of what these results will be like are found in the pages of this blog. There are any number of subjects and focuses or interests covered. It is the same groupings and types of quality that I will be finding for you.

    ***

    Payment by PayPal only.

    - interaction by phone, email, in person, by FedEx, by courier or by post which will have a password only available to you and that password will be emailed to you.

    , or in person only by arrangement and I’m not coming to wherever you are – nothing is worth that. There is a flashdrive that will be sent to you with the entire search results by FedEx for the “Don’t Ask – Don’t Tell” Package only which will have prior email access or by password protected post to some of the information before the flashdrive can possibly get it to you.

    Thanks for considering actually helping me to continue my work with your support, by your much appreciated sponsorship of my work and by letting me help by doing what I know how to do for you in return for a reasonable fee, in the way I am uniquely suited to do it. I know it will enhance the things you already have available to you and make better, more educated, more intelligent and more resourceful choices easier for you to develop.

    - cricketdiane, 07-07-09

    ***

    “I resource Information for you. It saves three years of you finding it yourself.

    - cricketdiane, 07-08-09

    ***

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