L’Aquila G8 Summit underway right now – well continuing in a few hours and some info they are getting from the International Energy Agency and the continuing saga of financial and economic crisis in the US over toxic assets they are now going to replace with good ones and money and whatever those poor little bankers need – (after they’ve screwed everybody)


, , , , , , , , , , , , , , , , , , , , , , , , ,

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.




Executive Summary of IEA suggestions 2008 – to G8 summit

25 Energy Efficiency Policy Recommendations by IEA to G82008
Executive Summary Size: KB
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 – ]



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

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    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.


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    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.




    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.



    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.”





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



    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]


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


    25 charged in $100 million mortgage fraud

    (also on CNN – and the news tonight)



    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


    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.)


    The real economy – macroeconomic choices and influences set up to feed priorities of police, banks, bankers, aristocrats, politicians – whoever holds the reins of power in local communities and state budget decision-makers – The REAL numbers are available and were available showing a serious problem in the economy all along


    , , , , , , , , , , , , ,

    The real economy – macroeconomic choices and influences set up to feed priorities of police, banks, bankers, aristocrats, politicians – whoever holds the reins of power in local communities and state budget decision-makers –

    The REAL numbers are available and were available showing a serious problem in the economy all along

    Look how these numbers and priorities have been playing out –


    Sales of new one-family houses in May 2009 were at a seasonally adjusted annual rate of 342,000, according to estimates released jointly today by the U.S. Census Bureau and the Department of Housing and Urban Development. This is 0.6 percent ( 17.8%)* below the revised April rate of 344,000 and is 32.8 percent ( 10.9%) below the May 2008 estimate of 509,000.


    U.S. Census Bureau News Joint Release – U.S. Department of Housing and Urban Development
    U.S. Department of Commerce, Washington, D.C. 20233

    Erica Filipek or Stephen Cooper
    Manufacturing and Construction Division
    (301) 763-5160


    Table Q1. New Houses Sold by Sales Price: United States
    [Thousands of houses. Components may not add to total because of rounding. Value of improved lot included in sales price]



    My Note –
    This is a great little chart – but about half way down the page, it includes the First Quarter 2009 in the chart entries for comparison. Just looking at the totals – it is obvious that year-to-date across each year’s totals from 2006 to first quarter 2009 shows an extreme downward slide in new home sales.

    Look for yourself – the numbers are staggering. Anticipation of a quick recovery in the economy has been nothing but a pipe dream. Or, it was at best, wishful thinking. Seeing this overview makes it evident that the analysts and experts were at some point looking at the same numbers and had to understand what they were seeing.

    Did they lead us to believe those numbers were getting better because their income depends on us and particularly, their clients believing that? Or are they more like a mechanic shop who says its the alternator when he knows the entire engine is going to have to be overhauled?

    Were these analysts, experts and financial news shows simply stringing people along hoping that no one would notice the major cracks occurring in the system? The total number of new houses built and sold is disparate from one another. The total number of new houses sold in the US –

    Annual Data

    2005 – 1,283,000

    2006 – 1,051,000

    2007 – 776,000

    2008 – 485,000

    My Note – then it breaks it down into quarters where the first quarter of 2009 (estimates) are placed in that chart for comparison –

    2005: 1st quarter – 328,000

    2006: 1st quarter – 285,000

    2007: 1st quarter – 213,000

    2nd quarter – 235,000

    3rd quarter – 181.9 thousands

    4th quarter – 146.8 thousands

    2008: 1st quarter – 141.9 thousands

    2nd quarter – 143 8 thousands

    3rd quarter – 116 9 thousands

    4th quarter – 85,000

    2009: 1st quarter – 87,000

    [from – ]

    Table Q1. New Houses Sold by Sales Price: United States
    [Thousands of houses. Components may not add to total because of rounding. Value of improved lot included in sales price]


    My Note –

    So, now – 2009: 1st quarter – 87,000 new houses sold

    Compared to – 2005: 1st quarter – 328,000 new houses sold

    There is the value that undermining the banking and mortgage industry values because those houses wouldn’t exist if those loans on an expected return value had not already been made in order to build them. Then, the asset values of those loans as collateral for something else was compromised. It is true of commercial properties, subdivisions, shopping malls, manufacturing plants, office buildings, office towers in metropolitan areas, strip shopping centers, restaurants and a multitude of other new building construction loans and renovations whose returns were based on sales or occupancy rates.

    The evidence was there all along – now, I want to know why the analysts lied to us and the news producers of business shows let them do it?

    – cricketdiane

    and from the news in the rest of the world –


    Flanders encouraged to seek independence from Belgium by EU’s growing power
    Leaders of one of Europe’s most unlikely separatist movements are celebrating each step towards the adoption of the Lisbon Treaty.

    By Justin Stares in Brussels
    Published: 8:30AM BST 28 Jun 2009

    “The EU makes it possible for countries such as this one to split up. We believe we are experiencing both globalisation and localisation. Some problems are global, like defence or the environment, and these need to be dealt with by the EU. But at the same time democracy needs to be closer to the people, and that is why we are a regionalist party. The two trends go hand in hand.”

    Tensions within Belgium between Flanders in the north and French-speaking Wallonia in the south have been a fact of life since the the tiny kingdom was created in 1830.

    But only in recent years have they become so great that – encouraged by political squabbling that recently left Belgium without a functioning government for more than six months – breaking the country into its main constituent parts has been seriously considered.

    [ . . . ]

    Outside Belgium, other EU member states have strong separatist movements, including Spain (both the Basques and those seeking greater autonomy for Catalonia) and Britain (the SNP in Scotland). In Italy the Northern League spent a decade pushing for the creation of an independent “Padania” – to include such northern cities as Milan, Turin and Venice – free from what many saw as the corruption and poverty of the country’s south.

    More recently it has changed tack and thrown its lot in with Silvio Berlusconi, joining the coalition currently governing the whole of Italy – and earning three cabinet posts.

    Some maintain that few national governments will give up their territorial power lightly – and all would, of course, have the right to veto a breakaway region’s application to join the EU as a new member.


    The treaty will also give regions new powers to control the way billions of euros in the EU Cohesion Fund are spent.



    On The Job
    Tire Review – Jim Smith – ?Jun 24, 2009?
    Just as consumer vehicles have changed over the years, so too have police vehicles, Van Sicklen said. “Today they are faster, more powerful, stop quicker …
    Police department to get new vehicles
    Greenville Herald-Banner – Brad Kellar – ?Jun 20, 2009?
    … equipment which were no longer needed and raised enough funds, approximately $106000, to pay for three more police vehicles under the current budget. …
    More Than 100 Police Vehicles Could Be Cut
    WSMV – Sara Dorsey – ?Jun 5, 2009?
    The magic number Metro police are trying to meet is $877000, adding up to more than 100 police vehicles. Metro police lost 100 cars from their fleet last …



    My Note-

    For those of you who don’t speak car or just aren’t interested in such complex gears and ratios of such, let’s put this another way…..  Police now get to drive cars such as the new Dodge Charger and Challenger, Ford Cobra, and Chevy Corvette…Yes they really do have some of the best cars.

    Mainly because of the increased need to catch speed racers or out or control car chases, we’ve paid for them to have some of the best toys.  Also though, the Police car of choice is the two Dodges listed above due to deals and reliablity.  Still however, the Mechanic’s barn will then go under the hood of these fine machinery pieces and throw in Super chargers, ( That would be the piece attached to the hood) for increased performance and power. As well as attaching all the wonderful things we have come to know about  police cars….the cage in the back, bumper guards, and even a partial roll cage . . .


    Jan 10, 2008

    Award-winning redesigned Brentwood Police Department cruiser sports a swept-back, aerodynamic Winglux® lightbar.
    Photo Rontan North America.

    Tarpon Springs, Fla. — The Brentwood, Calif. Police Department had already decided on the swept-back Winglux® lightbar from Rontan North America as the new look for its cruiser fleet even before winning an award for “Best Cruiser Design” at the Cops West Trade Show last fall, according to Joe Garcia, BPD Fleet Manager.

    The redesigned Brentwood PD cruiser sports a new paint job, changing from all white to a black and white color scheme. Rontan’s wing-shaped lightbar replaced a conventional, linear lightbar, related Garcia, who noted that the new design has received nothing but positive feedback from members of the department and community. Three new cruisers have been outfitted with the Winglux lightbar, and the department plans to put the Winglux on the rest of the fleet, he noted.

    “The Winglux has a modern look and is much more appealing than traditional lightbars that we looked at. The Winglux gives you much more lighting at a 360-degree view. The overall lighting is definitely above and beyond the other competitors,” he observed. “Our goal is to have our entire patrol fleet outfitted with the new lightbar,” he added. The BPD fleet totals 25 patrol cruisers and 40 other vehicles, including unmarked vehicles and motorcycles.

    Before selecting the Winglux for the new cruiser design, the department did its homework and researched products by other lightbar manufacturers, recounted Garcia. Technology was important, as was overall lighting, he noted. “We had an abundance of vendors come in and show us their products, but ultimately our decision was based on what we felt would fit our department,” he continued.


    Now You Are Only Poor
    CounterPunch – Vijay Prashad – ?Jun 22, 2009?
    Figures for expenditure on world police forces are hard to come by (the US alone spends $214 billion on the police). Local governments have increased their …



    The official publication of the International Association of Chiefs of Police.
    The online version of the Police Chief Magazine is possible through a grant from the IACP Foundation. To learn more about the IACP Foundation, click here.

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    3i Infotech to Automate San Jose Police Department’s Citation Process
    3i Infotech, a provider of mobile and wireless applications for state and local governments, announced that it has been selected by the San José Police Department to provide the mobile applications for the city’s Electronic Citation Project. By early 2007 the agency’s paper-based citation process will be replaced with an automated solution where up to 600 police officers will begin to issue, collect, and record citations for traffic violations and other infractions.

    The City Council of San Jose voted unanimously to automate the police department’s citation process in order to streamline the data collection process in the field and improve the department’s efficiency. 3i Infotech is scheduled to provide a complete end-to-end solution on a single platform designed to improve data quality and reliability across the county. 3i Infotech has partnered with MobileFrame and Intermec to offer this end-to-end solution.

    Officers will use handheld computers to process citations and send the information through a batch transfer process to a police database. With the implementation of 3i Infotech’s solution, the San Jose Police Department expects to dramatically improve data collection accuracy by centralizing data entry points into a single application. This will give officers real-time access to records and statistics and maximize time available for other duties.

    “The San Jose Police Department will leverage technology to improve the efficiency of the citation process, said San Jose Police Chief Robert L. Davis. “3i Infotech’s solution will dramatically decrease the number of errors and avoid the need to enter data into two systems. The technology will also provide us with the ability to access citation data during critical investigations.”

    For more information, click here, and insert number 201 in the box on the Reader Service Number response service.

    Massachusetts City Fights Crime with Network Solution from Firetide and Axis Communications
    Firetide Inc., a developer of wireless multi-service mesh technology, and Axis Communications, a provider of network video solutions, announced a strategic partnership to deliver high-quality video over wireless mesh networks. The two companies also announced a joint public safety deployment in Haverhill, Massachusetts.

    Firetide’s mesh technology is designed to allow security and network professionals to install and operate Axis network cameras, video servers, and video management software virtually anywhere, indoors and outdoors, without the expense and physical limitations of wires or cabling. The system is engineered not to require any modification or additional configuration of the video equipment.

    In Massachusetts, the Haverhill Police Department, working with iAffari Inc., a local integrator, selected Firetide and Axis for its own video surveillance system. Initially installed in a small, high-crime area downtown, the solution consists of Firetide HotPort outdoor and indoor wireless mesh nodes and Axis 214 PTZ (pan-tilt-zoom) and Axis 211 fixed cameras. The cameras, connected directly to the HotPort nodes, are designed to offer remote viewing and can store 10 days of recorded digital video

    New Hampshire State Police Select Memex to Help Agencies Share Information
    Memex Inc., a provider of intelligence management and analysis solutions, today announced a statewide intelligence-led policing initiative in New Hampshire. On behalf of the Department of Safety and the New Hampshire State Police, the state selected Memex to provide a criminal-intelligence system that will aid terrorism investigations across the state.




    Earnings by industry.

    Private sector earnings fell in all states.

    Nationally, the decline was 1.4 percent. Finance, manufacturing, and construction were the major contributors to the national decline and in fact can more than account for the entire loss.

    Declines in these industries were offset somewhat by gains in the health care and government industries. First-quarter estimates of earnings in the government industry reflect pay raises which averaged 3.9% for federal civilian and military employees in 2009.


    [from – ]

    (see right sidebar for charts, tables and contacts – also interactive tables and charts)


    Deadline looms for Carbon
    Police car maker sets July 10 as date to choose site; Visteon’s bankruptcy complicates application for ‘green’ jobs loan

    BY PAM THARP • CORRESPONDENT • June 26, 2009

    CONNERSVILLE, Ind. — Carbon Motors Corp. is still considering the closed Visteon plant as a possible site to manufacture its C7 police vehicle, but local officials have only about two weeks to resolve problems that could derail the deal.

    Carbon Motors has set July 10 as the deadline to decide on a site for its new manufacturing and research and development facility, said Bryan Coats, executive director of the Economic Development Group of Fayette County. The Georgia-based company is also considering four other sites in Georgia, Michigan, North Carolina and South Carolina.

    The timeline for a decision has been complicated by Visteon’s bankruptcy and Carbon Motors Corp.’s loan application for a Department of Energy loan, Coats said. The company must list a site on the DOE application, which is due by July 31, he said.

    The Department of Energy will be making $25 billion in loans through its Advanced Technology Vehicle Manufacturing program to large and small auto and parts manufacturers. The program aims to reduce dependence on foreign oil and create “green” jobs.


    Connersville Mayor Leonard Urban, left, shakes hands with Carbon Motors chairman and CEO William Santana Li during a welcome rally in May. (Palladium-Item file photo by Joshua Smith)


    Filed under: Hybrids/Alternative, Government/Legal, Green, Police/Emergency
    Carbon Motors reports 10,000 pre-orders for diesel-powered E7 police car

    by Jeremy Korzeniewski on Jun 12th 2009 at 4:28PM Green
    Carbon Motors E7 – Click above for high-res image gallery

    As it turns out, there’s quite a backlog of pent up demand for a purpose-built police car. Who knew that law enforcement officers were so fed up with their current fleet of Ford Crown Vics, Dodge Chargers and Chevrolet Impalas? Apparently, that would be Carbon Motors, which is now reporting an impressive 10,000 pre-orders for its diesel-powered E7 cruiser despite the fact that production isn’t schedule to start until 2012.

    We can understand the interest. Each E7 will boast an impressive lise of features like 360-degree built-in police-duty LED lights, suicide rear doors with hose-out rear passenger compartment and a separate front compartment with high-tech touches like radar, LoJack, an automatic license plate recognition system, radiation and biological threat detectors and Carbon’s exclusive On-board Rapid Command Architecture (ORCA), which features a large touchscreen display and keyboard.

    [Source: Carbon Motors]


    Carbon Motors Surpasses 10,000 Reservations

    We are thrilled to announce that we have now exceeded 10,000 production slot reservations for Carbon’s ‘E7’. The Company would like to extend its deepest gratitude to the hundreds of law enforcement agencies that placed those reservations from all across the country!

    In addition to achieving this major milestone so soon, we would also like to thank members of the economic development communities in each of the following states for putting forth such thoughtful proposals and offers for the Carbon Campus: Georgia, Indiana, Michigan, North Carolina and South Carolina.

    Rest assured that Carbon’s executive team is meticulously evaluating each offer, and the Company is targeting a final decision to be announced sometime this summer.
    # # #

    Tags: carbon motors, carbon motors e7, carbon motors police, carbon motors police car, CarbonMotors, CarbonMotorsE7, CarbonMotorsPolice, CarbonMotorsPoliceCar, diesel police car, diesel police cars, DieselPoliceCar, DieselPoliceCars, green, patrol car, PatrolCar, police car, PoliceCar

    polo 12:34AM (6/13/2009)

    We absolutely DO NOT need luxury police cruisers.

    This is disgusting. These pigs shoot and taser to death with impunity, and now they’re going to riding around 60miles an hour through neighborhoods in these things thinking their in MadMax or something.

    Taxpayers pay their bills and any purchase of these “things” should be loudly protested.

    Chris 1:21AM (6/13/2009)

    You are an idiot polo. I would suggest you visit your local police department and ask for a few ride alongs. You are probably some angsty teenager that only looks at one side of the story, or the video of police officers tazing others after watching some video on youtube which only shows one side of the story. You really have no clue.

    downtoearth 5:13AM (6/14/2009)

    If this is true, this will be pure robbery of taxpayer money. What Carbon Motors didn’t tell you is that diesel cars total costs of ownership are much higher than gasoline equivalents.

    5-year TOTAL costs (depreciation, maintenance, repairs, refueling, taxes)

    2004 VW Jetta 2.0 115HP $31,341 [1]
    2004 VW Jetta TDI 90HP $34,396 [2]

    2005 Mercedes E 320 $48,830 [3]
    2005 Mercedes E320 CDI diesel: $51,417 [4]

    So… much higher initial price + higher total costs = no wonder USA are going bust.



    Mr.Natural 4:47PM (6/12/2009)

    What NO Donut holder ?? I’ll belive it when i see it.







    Carbon Motors E7

    Pure Relentless Drive ™
    OEM Carbon Motors Corporation
    Vehicle Platform Codename E7
    Brand Carbon Motors™
    Nameplate To Be Determined
    Assembly Location Under Negotiations
    Price Comparable to Retail Passenger Car Outfitted with Law Enforcement Equipment. Detailed pricing will be announced in a few months.

    Engine Forced Induction 3.0 Diesel
    Recommended Fuel Ultra-low sulfur (ULS) Diesel or BioDiesel
    Driveline Rear-Wheel-Drive
    Horsepower 300 bhp
    Torque 420 lb-ft
    Transmission 6-Speed Automatic
    Front Brakes 14″ Vented Discs, ABS
    Rear Brakes 13″ Vented Discs, ABS
    Wheels 18 x 8″ Steel
    Tires 245/50R18
    Front Suspension Struts, coil springs, anti-roll bar
    Rear Suspension Multi-link, coil springs, self-leveling shocks, anti-roll bar

    Wheelbase 122.0″
    Front Track 66.9″
    Rear Track 66.9″
    Overall Length 200.0″
    Overall Width 78.0″
    Overall Height 64.2″
    Ground Clearance 7.0″
    Curb Weight 4000 lbs
    Weight Distribution (front/rear) 50% / 50%
    Front Headroom 40.0″
    Rear Headroom 38.5″
    Front Legroom 45.0″
    Cargo Volume 20.0 cu ft
    Fuel Capacity 18.0 gallons

    0 – 60 mph 6.5 seconds
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    Top Speed 155 mph
    Braking 60 – 0 mph 125 feet
    Lateral Acceleration 0.85 g
    Combined City/Hwy Fuel Economy 28 – 30 mpg


    All-new purpose-built vehicle platform exclusively for law enforcement

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    * Carbon Motors Corporation reserves the right to alter specifications at any time without notice due to business or technical improvements Meets or exceeds all regulatory requirements
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    Wednesday, Jun. 03, 2009
    Bibb deputies test new cars

    By Amy Leigh Womack – awomack@macon.com

    The Bibb County Sheriff’s Office is testing out new Ford Fusions to see if the vehicle is a cheaper alternative to its fleet of Ford Crown Victorias.

    Chief Deputy David Davis said in recent years the county commissioners have asked the sheriff’s office to consider using smaller, more fuel efficient vehicles.
    Woody Marshall/The Telegraph The Bibb County Sheriff’s Office purchased three new Ford Fusions, one seen above, to test as an alternative to Ford Crown Victorias.

    * Gallery: Bibb sheriff’s department tests new cars
    * Link: Check out Crime and Punishment, Amy Leigh Womack’s blog about crime and courts news in Middle Georgia.

    As a result, patrol deputies are putting two Ford Fusions on the road this week to gauge their ability to survive under harsh conditions such as driving through medians.

    Davis also is driving an unmarked Fusion to gauge how the cars could be used in other divisions within the sheriff’s office.

    [ . . . ]

    But by and large, agencies are coming back to the Crown Victorias, said Bobby Reed, fleet manager for Brannen Motor Company in Unadilla, one of the largest suppliers of police vehicles in the Southeast.

    “The Crown Vic is the most durable of all the police vehicles on the road today,” Reed said.

    Davis said the purchase price of the front-wheel drive Fusions has already shown the sheriff’s office a cost savings as compared with rear-wheel drive Crown Victorias. The V6 Fusions cost $19,324, about $2,700 less than a V8 Crown Victoria, he said.

    So far, the Fusions are getting 21 miles per gallon in the city and 25 on the highway. Davis said a typical Crown Victoria gets an average 17 miles per gallon.

    [ etc.]

    He said departments buying Dodge Chargers typically are drawn by the car’s speed even though Chargers cost between $1,500 and $2,000 more than a Crown Victoria. A Charger can achieve speeds of 145 mph as compared with the Crown Victoria’s 135 mph.

    But when the cars cross medians, some Chargers have had back windows to pop out and the body to crack, Reed said. Norris said some departments also have found the Chargers’ breaking systems to be inadequate.

    [ . . . ]

    Davis said the Bibb County Sheriff’s Office purchased three Dodge Chargers in 2007 through a state grant.

    After driving them, deputies have found the Chargers to be more costly to maintain than the Crown Victorias and it’s harder to get parts, he said.

    For example, it costs $580 to replace the front brake pads and rotors on a Charger while it costs $350 for a Crown Victoria, Davis said.

    Norris said some departments have tried the Chevrolet Tahoe and Ford Explorers and Ford Expeditions, SUV’s which appear to hold up for more miles than some other vehicles although they don’t get the same fuel economy.



    The city (Atlanta) itself created a wish list of nearly 60 “shovel ready” projects costing more than $1.8 billion that could qualify for funding through the stimulus package.

    Several other metro Atlanta cities also submitted project lists to the U.S. Conference of Mayors, an advocacy group for municipalities across the country. In all, 10 Georgia cities have requested more than $2.6 billion.

    Tom Harris, finance director for city of Alpharetta, said the city got a memo in December from the mayors group asking for a “ready to go” list of projects.

    The city already had a list assembled and spent a week going over it before submitting $61.4 million worth of projects.

    “We try to have that list ready at all times,” Harris said, “So we didn’t have to create a lot of new projects. We’re very aggressive in finding money to supplement our citizen commitment.”

    Alpharetta’s requests include repair and renovation to dozens of roads, a community center, new police vehicles and an indoor shooting range.




    Associated Press story
    EU to help China test carbon capture
    AP Business Writer

    BRUSSELS — The European Union said Thursday it will give China up to euro50 million ($70 million) to build a carbon capture and storage plant that will test a technology aimed at limiting climate change.

    The EU’s executive commission says the money will help China develop coal-burning power stations that could capture carbon dioxide and bury it underground. That would allow China to use its most plentiful energy source, coal, without releasing more of the greenhouse gas linked to climate change.

    During last month’s EU-China summit, Chinese Prime Minister Wen Jiabao asked Europe to help provide it with “clean coal” technology so China could curb emissions from coal-fired power stations.

    Energy companies in Europe and the U.S. already are working on trial plants to test if the costly technology could work commercially and whether the carbon can be safely stored, and the EU wants to encourage that kind of work in Asia, too.

    The EU is asking other European governments to contribute more public money to the China carbon capture and storage plant project, saying the technology “would be significantly delayed without immediate assistance from developed countries.”

    Norwegian oil company Statoil already pumps carbon dioxide into an empty natural gas field under the North Sea and a gas reservoir in the Algerian desert. Swedish power firm Vattenfall is building a “clean coal” plant in Germany that stores CO2 in a nearby aquifer.

    EU governments agreed in March to devote some euro1 billion ($1.4 billion) to building 12 demonstration plants in Europe by 2015.


    June 25, 2009 – 10:12 a.m.


    My Note-

    For that much money, why don’t they separate and sequester the carbon from the carbon dioxide soot and use the dioxide for fuel?

    – about carbon capture by pumping into the ground which will be a disaster twenty years later.

    – Cricket Diane


    US GEE – is it green shoots or does that describe eco-friendly firing ranges instead of the economy – Basel accords, US GDP first quarter 2009 – Bureau of Economic Analysis goodies – and US Corporate Profits – Chinese sources continue suggesting a re-work of currency valuation standards – that’s what happens when failed conservative Republican policies applied for thirty years come to roost affecting us all – global and US economic crisis continues –


    , , , , , , ,

    My Note –

    I’ve been meaning to say this – I hate hearing analysts tell me on the tele news shows what their point of view is about the story, issue or event which biases depending on whether they are Republican or Democrat, conservative or liberal, bear or bull, black or white, male or female, business leader or banker or stock trader or lobbyist or politician. It is disgusting to call some of this hoopty shit anything resembling “news”.

    If that time were used to actually cover the news of the nation rather than excluding 90% of it and to covering at least the pertinent things happening in the world that will definitely affect us, then it would be the news. It sure would help for it to actually be the news for awhile considering the complex and difficult conditions that are facing this country and the world right now.

    Partly because of some really incredibly stupid choices made by people who were positioned to affect massive macro-economic systems, we have an unstable economic foundation that is rippling out across the world and into every arena from politics to world leadership to people’s daily lives. It would be really good to stop having jackasses on either side of the aisle tell us what to think about it based on some implied set of lies while calling it the news.

    The Republicans have forgotten that being a Republican or a conservative is not their personal identity. We all made a choice about that association to our identity because we believed that they would apply the principles, ideas and ideologies based on those principles in a way that would result in specifics which matched those principles. When that turned out not to be the case, we sought a fellow citizen who would do that job and those legislators who are also our fellow citizens that are willing to honor those principles of our founding fathers.

    The “Can’t claim ’em, if you don’t enact ’em” and get it to work so that the end result matches those basic principles, applies to both Parties. And, the sooner all these differing “points of view”, positions, parties and participants realize that we are all on the same team, the sooner we can get some stuff done without so much cussin’ and fussin’ that wastes much of the time, efforts and resources which could be placing our nation on a stable, strong foundation.

    Yeah, I’d say – Houston, we’ve got a problem . . . Our nation is up shit creek and everybody’s too busy arguing about which way to paddle and how to go about using the boat to realize they’re going in circles.

    *cricketdiane, – my notes





    [from – ]

    Bureau of Economic Analysis – Department of Commerce

    Released June 25, 2009

    “Real gross domestic product — the output of goods and services produced by labor and property located in the United States — decreased at an annual rate of 5.5 percent in the first quarter of 2009, (that is, from the fourth quarter to the first quarter), according to final estimates released by the Bureau of Economic Analysis. In the fourth quarter, real GDP decreased 6.3 percent.”



    Gross domestic purchases
    Real gross domestic purchases — purchases by U.S. residents of goods and services wherever produced — decreased 7.5 percent in the first quarter, compared with a decrease of 5.9 percent in the fourth.

    Gross national product
    Real gross national product — the goods and services produced by the labor and property supplied by U.S. residents — decreased 5.6 percent in the first quarter, the same as in the fourth. GNP includes, and GDP excludes, net receipts of income from the rest of the world, which decreased $5.8 billion in the first quarter after increasing $21.3 billion in the fourth; in the first quarter, receipts decreased $107.9 billion, and payments decreased $102.0 billion.

    Current-dollar GDP
    Current-dollar GDP — the market value of the nation’s output of goods and services — decreased 2.9 percent, or $103.1 billion, in the first quarter to a level of $14,097.2 billion. In the fourth quarter, current-dollar GDP decreased 5.8 percent, or $212.5 billion.

    Corporate Profits
    Profits from current production (corporate profits with inventory valuation and capital consumption adjustments) increased $48.1 billion in the first quarter, in contrast to a decrease of $250.3 billion in the fourth quarter.

    Current-production cash flow (net cash flow with inventory valuation and
    capital consumption adjustments) — the internal funds available to corporations for investment — increased $60.4 billion in the first quarter, in contrast to a decrease of $97.0 billion in the fourth.
    Taxes on corporate income increased $34.4 billion in the first quarter, in contrast to a decrease of $130.3 billion in the fourth.

    Profits after tax with inventory valuation and capital consumption adjustments increased $13.8 billion in the first quarter, in contrast to a decrease of $120.1 billion in the fourth.

    Dividends decreased $42.0 billion compared with a decrease of $32.8 billion; current-production undistributed profits increased $55.8 billion, in contrast to a decrease of $87.4 billion.
    Domestic profits of financial corporations increased $113.7 billion in the first quarter, in contrast to a decrease of $178.7 billion in the fourth.

    Domestic profits of nonfinancial corporations decreased $49.0 billion in the first quarter, compared with a decrease of $89.1 billion in the fourth.

    In the first quarter, real gross value added of nonfinancial corporate business decreased, and profits per unit of real value added decreased.

    The decrease in unit profits reflected increases in unit prices that were more than offset by increases in both unit labor and nonlabor costs that corporations incurred.

    The rest-of-the-world component of profits decreased $16.6 billion in the first quarter, in contrast to an increase of $17.5 billion in the fourth.

    This measure is calculated as (1) receipts by U.S. residents of earnings from their foreign affiliates plus dividends received by U.S. residents from unaffiliated foreign corporations minus (2) payments by U.S. affiliates of earnings to their foreign parents plus dividends paid by U.S. corporations to unaffiliated foreign residents. The first-quarter decrease was accounted for by a larger decrease in receipts than in payments.

    [ . . . ]

    Profits before tax increased $157.2 billion in the first quarter, in contrast to a decrease of $499.2 billion in the fourth. The before-tax measure of profits does not reflect, as does profits from current production, the capital consumption and inventory valuation adjustments.





    “Within manufacturing, the largest decrease was in petroleum and coal products.”


    Financial Stability Board holds inaugural meeting in Basel
    www.chinaview.cn 2009-06-28 10:13:55 Print

    BASEL, Switzerland, June 27 (Xinhua) — The Financial Stability Board (FSB), created by the Group of 20 in its London summit in April, held its inaugural meeting here on Saturday.

    The FSB is re-established by the G20 as an enlarged version of the Financial Stability Forum, an advisory group established in 1999 to promote international financial stability through better information exchange and international cooperation.

    According to its press release, the FSB’s mandate is to assess vulnerabilities affecting the financial system; identify and oversee action needed to address them; promote coordination and information exchange among authorities responsible for financial stability; undertake joint strategic reviews of the policy development work of the international standards setting bodies; set guidelines for and support the establishment of supervisory colleges; and manage contingency planning for cross-border crisis management.

    To fulfill this mandate, the FSB established the FSB Plenary, a Steering Committee, and three Standing Committees – for Vulnerabilities Assessment, Supervisory and Regulatory Cooperation and Standards Implementation.

    At the press conference after the inaugural meeting, the FSB chairman and Governor of the Bank of Italy Mario Draghi said “We are more or less back at what we were before Lehman, but we are not back to before the crisis.”

    He referred to the collapse of U.S. banking giant Lehman Brothers last September.

    “An improvement yes, out of the woods, not yet,” he noted.

    The FSB member institutions include the central banks, the finance ministries and supervision institution of more than 20 countries. The China’s Finance Ministry, the People’s Bank of China, China Banking Regulatory Commission and Hong Kong SAR Monetary Authority are all members of the FSB.

    Special Report: Global Financial Crisis



    FSB’s Draghi Sees ‘Convincing’ Signs of Improvement in Economy

    BloombergKlaus Wille‎10 hours ago‎
    The Basel-based board was inaugurated yesterday to succeed the Financial Stability Forum. According to its members — representatives of the major economies


    China Seeks New Global Reserve Currency

    BEIJING — China’s central bank reiterated its call for the creation of a new international currency that could replace currencies like the dollar in countries’ official reserves.

    In its annual report on financial stability, issued Friday, the People’s Bank of China said the country will push reform of the international currency system to make it more diversified and reasonable. While it didn’t specifically target the U.S. currency, it said it aims to reduce over-reliance on the current reserve currencies, of which the dollar is the biggest.

    “To avoid the shortcomings of sovereign credit currencies acting as reserve currencies, we need to create an… international reserve currency that can maintain the long-term stability of its value,” the PBOC said.

    The report, a lengthy document that addressed a broad range of issues, reiterated a proposal made by PBOC Governor Zhou Xiaochuan in March to use Special Drawing Rights, the synthetic currency developed by the IMF, as a super-sovereign reserve currency. That proposal, made just before the G20 summit in London earlier this year, appeared in an essay authored by Mr. Zhou and posted on the PBOC’s Web site.


    My Note –
    Okay, so I noticed on Bloomberg that there was a mention of the Financial Stability Board meeting in Basel on the 11 p.m. news headlines. The China news sources offer more about it than I could easily find in American news, but the decisions made there will affect everything and every one of us. I just don’t get why they think that ignoring it will make it go away and not count.
    Or, do the news organizations really think none of us are interested in these things. And, it was like this before recent deaths of stars that have included Michael Jackson, Farrah Fawcett and Ed McMahon. In fact, I was shocked by the coverage of Davos and the G20, that has typically been a little mention or not at all in years past. One step at a time when it all needs doing at once, but that is better than the “not at all” coverage we were given before this year . . .
    – cricketdiane

    The Financial Stability Board will hold its Inaugural Meeting in Basel on 26-27 June – Global Economic Crisis – US Economic Crisis – Statistics MacroEconomic Determinants – Factors and Economic Regulations / Policies / Financial Markets / Transparency / fiscal responsibility – advanced and emerging economies


    , , , , , , , ,

    Impacts of the crisis

    8. The crisis has produced or exacerbated serious, wide-ranging yet differentiated impacts across the globe. Since the crisis began, many States have reported negative impacts, which vary by country, region, level of development and severity, including the following:
    • Rapid increases in unemployment, poverty and hunger

    • Deceleration of growth, economic contraction

    • Negative effects on trade balances and balance of payments
    • Dwindling levels of foreign direct investment
    • Large and volatile movements in exchange rates
    • Growing budget deficits, falling tax revenues and reduction of fiscal space

    • Contraction of world trade

    • Increased volatility and falling prices for primary commodities

    • Declining remittances to developing countries

    • Sharply reduced revenues from tourism

    • Massive reversal of private capital inflows

    • Reduced access to credit and trade financing

    • Reduced public confidence in financial institutions

    • Reduced ability to maintain social safety nets and provide other social services, such as health and education

    • Increased infant and maternal mortality

    • Collapse of housing markets.

    Causes of the crisis

    9. The drivers of the financial and economic crisis are complex and multifaceted.
    We recognize that many of the main causes of the crisis are linked to systemic
    fragilities and imbalances that contributed to the inadequate functioning of the global economy.

    Major underlying factors in the current situation included inconsistent and insufficiently coordinated macroeconomic policies and inadequate structural reforms, which led to unsustainable global macroeconomic outcomes.
    These factors were made acute by major failures in financial regulation, supervision and monitoring of the financial sector, and inadequate surveillance and early warning.

    These regulatory failures, compounded by over-reliance on market self-regulation, overall lack of transparency, financial integrity and irresponsible behaviour, have led to excessive risk-taking, unsustainably high asset prices, irresponsible leveraging and high levels of consumption fuelled by easy credit and inflated asset prices.

    Financial regulators, policymakers and institutions failed to appreciate the full measure of risks in the financial system or address the extent of the growing economic vulnerabilities and their cross-border linkages.

    Insufficient emphasis on equitable human development has contributed to significant inequalities among countries and peoples.

    Other weaknesses of a systemic nature also contributed to the unfolding crisis, which has demonstrated the need for more effective government involvement to ensure an appropriate balance between the market and public interest.

    Response to the crisis

    10. We are all in this crisis together.

    While each country has primary responsibility for its own economic and social development, we will continue to work in solidarity on a vigorous, coordinated and comprehensive global response to the crisis in accordance with our respective abilities and responsibilities.





    Financial Stability Board – Financial Stability Forum

    16 Jun
    The Financial Stability Board will hold its Inaugural Meeting in Basel on 26-27 June.


    [ from – ]



    IMF Invites Civil Society Input Into Governance Reform

    IMF Survey online

    June 26, 2009

    • Move follows calls from civil society for voice in reform process
    • Proposals to be channeled by independently run website
    • Process to culminate at IMF-World Bank Annual Meetings in Istanbul

    The IMF is asking civil society organizations (CSOs) for input into proposals to reform the way the institution is governed.

    An independently run website has been set up to help collate and synthesize the CSO input, which will feed into IMF staff’s preparation of governance reform papers for IMF Executive Board discussions before the IMF-World Bank Annual Meetings in October. The process will culminate in a meeting between IMF Managing Director Dominique Strauss-Kahn and CSOs during the 2009 Annual Meetings in Istanbul, Turkey.

    The effort to involve CSOs in IMF governance reform—called the Fourth Pillar—follows calls from civil society for a voice in the process. The move started with a series of letters to civil society figures from Strauss-Kahn in late 2008 and also involved an April videoconference between Strauss-Kahn and CSOs on three continents.

    The three existing pillars comprise work already done by

    • The IMF’s Independent Evaluation Office, which released a report on “Governance of the IMF” in May 2008
    • The IMF Executive Board, which is examining proposals from a Working Group on IMF Corporate Governance, and
    • The Committee of Eminent Persons on IMF Governance Reform, which reported in March 2009.

    The IMF uses the term civil society organization to refer to the wide range of citizens’ associations that exists in virtually all member countries to provide benefits, services, or political influence to specific groups within society.

    CSOs include business forums, faith-based associations, labor unions, local community groups, nongovernmental organizations, philanthropic foundations, and think tanks. Usually excluded are branches of government—such as government agencies and legislators—and also individual businesses, political parties, and the media. Labor unions often distinguish themselves from CSOs.

    The IMF has invited the New Rules for Global Finance Coalition to coordinate the inputs and interaction with CSOs during the consultation period. The coalition is a Washington, D.C.-based organization that advocates advancing reforms of the governance and practices of international financial institutions.

    The IMF is providing logistical support through the funding and development of the independent and interactive website, where CSOs can submit materials, engage in debates, and offer feedback. New Rules for Global Finance will be the sole administrator of the website.

    Proposals can be submitted through the website, or directly to the IMF at ngoliaison@imf.org. A representation of submitted materials will be translated into French, Spanish, and English; translations in additional languages will be accommodated where possible.

    Comments on this article should be sent to imfsurvey@imf.org

    [also on this page – ]

    Roles reassessed

    Governance reform at the IMF is one of the most important tasks facing the institution. In March 2008, the Executive Board approved a resolution increasing the voice and participation of emerging market economies and low-income countries in the institution. Now further reforms are under consideration.

    Additional proposals include a reassessment of the roles and responsibilities of the Board of Governors, the International Monetary and Financial Committee (IMFC), the Executive Board, and IMF Management, as well as procedures for selecting the IMF Managing Director. The Fourth Pillar—like the other three pillars—will inform a forthcoming Board paper on governance reform, which will be presented to the Board of Governors at the 2009 Annual Meetings in Istanbul.


    Recommendations and principles to strengthen financial systems

    On 2 April 2009, the Financial Stability Forum (FSF) issued reports covering:

    The Forum also published today an update on the implementation of the recommendations contained in the FSF’s April 2008 Report on Enhancing Market and Institutional Resilience.

    Addressing procyclicality in the financial system

    The present crisis has demonstrated the disruptive effects of procyclicality – mutually reinforcing interactions between the financial and real sectors of the economy that tend to amplify business cycle fluctuations and cause or exacerbate financial instability. Addressing procyclicality in the financial system is an essential component of strengthening the macroprudential orientation of regulatory and supervisory frameworks.

    The recommendations set out in this report mitigate mechanisms that amplify procyclicality in both good and bad times. They encompass a mix of quantitative/rules-based and discretionary measures that are interrelated and reinforce one another. They will be implemented over time once conditions in financial markets return to normal.

    Principles for Sound Compensation Practices

    The Principles require compensation practices in the financial industry to align employees’ incentives with the long-term profitability of the firm. The principles call for effective governance of compensation, and for compensation to be adjusted for all types of risk, to be symmetric with risk outcomes, and to be sensitive to the time horizon of risks. Implementation by firms will be reinforced through supervisory examinations at the national level.

    Principles for Cross-border Cooperation on Crisis Management

    Through these Principles , relevant authorities, including supervisory agencies, central banks and finance ministries, commit to cooperate both in making advanced preparations for dealing with financial crisis and in managing them.

    Update on the Implementation of the April 2008 FSF Recommendations

    The update on progress in implementing the recommendations of the April 2008 Report on Enhancing Market and Institutional Resilience covers actions in five areas: (i) strengthening capital, liquidity and risk management in the financial system; (ii) enhancing transparency and valuation; (iii) changing the role and uses of credit ratings; (iv) strengthening the authorities’ responsiveness to risks; and (v) putting in place robust arrangements for dealing with stress in the financial system.

    The previous follow-up report, issued in October 2008, is available here.

    WASHINGTON, June 26 (UPI) — The U.S. Consumer Product Safety Commission announced a voluntary recall of DEWALT framing nailers due to risk of serious injuries.
    WASHINGTON, June 26 (UPI) — The U.S. Consumer Product Safety Commission announced a voluntary recall of Loyal Bedding mattress sets due to a flammability standard violation.
    WASHINGTON, June 26 (UPI) — The U.S. Consumer Product Safety Commission announced a voluntary recall of Crane Plumbing whirlpool bath tubs due to entrapment and drowning hazards.
    US Consumer Product Safety Commission website
    Recalls and Product Safety News
    Help keep your family safe by checking product recalls and safety news from CPSC.
    Neighborhood Safety Network (Español)
    Help all Americans become aware of lifesaving safety information.
    Report an Unsafe Product
    Report an incident with a product that caused an injury. Medical Professionals and Fire/Police Investigators: file MECAP, incident reports.
    SIDNEY, Australia, June 26 (UPI) — Australian airline Qantas Airways said Friday it was canceling an order for 15 Dreamliner 787 jets, Boeing’s long-delayed, wide-body aircraft.

    Boeing delays launch of 787 Dreamliner

    Boeing says a Dreamliner order is canceled


    Boeing says a Dreamliner order is canceled

    Published: Feb. 2, 2009 at 9:42 AM

    CHICAGO, Feb. 2 (UPI) — U.S plane maker Boeing said a customer, presumably Russian airline S7, canceled its order for 15 new 787 Dreamliner jets.

    [ . . . ]

    Boeing said a machinist strike and a charge of $685 million for delays in the development of the latest 747 jumbo jet resulted in a loss of $56 million in the fourth quarter. The company announced it was cutting 10,000 jobs to adjust to the slowing economy.

    In 2007, Boeing made $1 billion in the fourth quarter.

    Before the cancellation, there were 910 Dreamliners on order. McNerney said Boeing expected other cancellations as the economy slowed.



    Asia-Pacific in Figures

    Asia-Pacific in Figures 2006This statistical pocketbook contains key data for 58 countries or areas on population statistics, social statistics, employment, energy, national accounts, external trade, central government expenditure by function, finance, production, prices, land use, transport and tourism. Where official government figures are not available, the tables draw on data from the United Nations and other international sources.

    Asia-Pacific in Figures is available in pocket book format in English as a sales publication.

    Data Centre
    Last update: 10 June 2009
    Online databases

    Short-term Indicators for Asia and the Pacific

    Short-term Indicators for Asia and the PacificShort-term indicators (last update: 10 June 2009). The online database contains time series data for 31 of the regional members and associate members of ESCAP and is designed to provide up-to-date monthly (or quarterly) data to assess economic trends for countries or areas in the region. The online database covers the period from January 2003 and is updated every quarter.

    Short-term indicators: Introduction and explanatory note.

    Annual Core indicators

    Annual Core indicatorsAnnual Core Indicators (last update: 21 April 2009).The online database contains time series data for selected indicators covering a wide range of issues in relation to the secretariat’s work: demography, migration, education, health, poverty, gender, employment, economy, government finance, employment, transport, and environment.

    Among other indicators, this database contains data published in the Statistical Yearbook for Asia and the Pacific 2008. The time series are generally longer and more complete in the database. Because of different presentation requirements, the indicator names in the database and the Yearbook may be slightly different.

    [ From – ]


    UNESCAP – United Nations Economic and Social Commission for Asia and the Pacific

    United Nations Statistics Division


    Jacques Polak Research Conference

    Call for Papers:
    Financial Frictions and Macroeconomic Adjustment

    November 5—6, 2009

    The International Monetary Fund will hold the Tenth Annual Jacques Polak Research Conference at its headquarters in Washington, DC, on November 5-6, 2009.

    The conference is intended to provide a forum for discussing innovative research in economics, undertaken both by IMF staff and by outside economists, and to facilitate the exchange of views among researchers and policy makers. Ricardo Caballero (MIT) will deliver the Mundell-Fleming lecture.
    The theme of this year’s conference is Financial Frictions and Macroeconomic Adjustment. Possible topics include (but are not restricted to):

    • Dynamics of balance sheets and insolvencies during liquidity and solvency crises
    • Amplification mechanisms during financial crises and their macroeconomic implications
    • The impact of balance sheet adjustments on macroeconomic and financial aggregates
    • Lessons from history and country cases about liquidity and solvency crises, and their resolution
    • Policy responses to cope with financial imbalances and widespread insolvencies
    • The treatment of insolvencies in various legal frameworks and its effects on aggregate outcomes
    • The political economy of insolvencies and bailouts

    Papers that do not fit into these categories, but that are related to the main theme of the conference, are also welcome.

    Interested contributors should submit a draft paper or a two-page proposal to the Program Committee. The proposal should include the title of the paper, the author(s)’ affiliation and contact information, the main questions to be examined, the most relevant literature, the intended contribution of the paper to the literature, and the possible data sets and methodology to be employed. Authors should also provide a copy of their curriculum vitae. All presenters will be reimbursed for travel expenses and accommodation.

    Please submit your proposals (in a Word or PDF file) by May 31, 2009 (e-mail to ARC2009@imf.org). Please use the contact author’s name as the name of the file. The Program Committee will evaluate all proposals in terms of originality, analytical rigor, and policy relevance and will contact the authors whose papers have been selected by late June. A 15-page work-in-progress draft will be required by August 14, 2009. Further information on the conference program will be posted on the this webpage.


    New Series—Staff Position Notes

    Principles of Household Debt Restructuring — SPN 09/15

    June 26, 2009



    Advanced Economies – from IMF analysis on website –

    Facing Crisis at Home


    Make America great again – support education being offered to every US adult citizen at University and Technical Schools without cost / tuition free – we are already paying for it with our taxes and have been all along – and UN Economic Crisis Summit June 24 – 26, 2009 – Georgia State Budget and Equity Funds for Georgia Cities, Counties and Businesses


    , , , , , , , , ,

    The U.S. has the world’s largest prison population with one in every 31 adults in the corrections system, which includes jail, prison, probation and supervision. States spent a record $51.7 billion on corrections in fiscal 2008.

    [from – ]

    FACTBOX: U.S. states in balancing act on budgets
    Fri Jun 26, 2009 10:51am EDT

    NEW YORK (Reuters) – U.S. states are resorting to some unusual measures to balance budgets as the economic recession decimates their revenue.

    Forty-six U.S. states face fiscal 2010 budget deficits totaling at least $130 billion, according to the Center on Budget and Policy Priorities. During the current fiscal year, 42 states were hit with mid-year shortfalls of a combined $60 billion, according to the Washington think-tank.


    FACTBOX: U.S. states in balancing act on budgets
    Fri Jun 26, 2009 10:51am EDT



    United Nations Conference on the World Financial and Economic Crisis and Its Impact on Development – June 24 – 26, 2009

    The United Nations is convening a three-day summit of world leaders from 24 to 26 June 2009 at its New York Headquarters to assess the worst global economic downturn since the Great Depression. The aim is to identify emergency and long-term responses to mitigate the impact of the crisis, especially on vulnerable populations, and initiate a needed dialogue on the transformation of the international financial architecture, taking into account the needs and concerns of all Member States.



    The United Nations summit of world leaders in June was mandated at the Follow-up International Conference on Financing for Development, held in December 2008 in Doha, Qatar. Member States requested the General Assembly President Miguel d’Escoto Brockmann to organize the meeting “at the highest level”.


    Draft outcome document of the Conference on the World Financial and Economic Crisis and its Impact on Development
    We, Heads of State and Government and High Representatives, met in New
    York from 24 to 26 June 2009 for the United Nations Conference on the WorldFinancial and Economic Crisis and Its Impact on Development.
    1. The world is confronted with the worst financial and economic crisis since the Great Depression. The evolving crisis, which began within the world’s major financial centres, has spread throughout the global economy, causing severe social, political and economic impacts. We are deeply concerned with its adverse impact on development.

    This crisis is negatively affecting all countries, particularly developing countries, and threatening the livelihoods, well-being and development opportunities of millions of people. The crisis has not only highlighted longstanding systemic fragilities and imbalances, but has also led to an intensification of efforts to reform and strengthen the international financial system and architecture.

    Our challenge is to ensure that actions and responses to the crisis are commensurate with its scale, depth and urgency, adequately financed, promptly implemented and
    appropriately coordinated internationally.

    2. We reaffirm the purposes of the United Nations, as set forth in its Charter,
    including “to achieve international cooperation in solving international problems of an economic, social, cultural, or humanitarian character” and “to be a centre for harmonizing the actions of nations in the attainment of these common ends”. The principles of the Charter are particularly relevant in addressing the current challenges.

    The United Nations, on the basis of its universal membership and legitimacy, is well positioned to participate in various reform processes aimed at improving and strengthening the effective functioning of the international financial system and architecture.

    This United Nations Conference is part of our collective effort towards recovery. It builds on and contributes to what already is being undertaken by diverse actors and in various forums, and is intended to support, inform and provide political impetus to future actions. This Conference also highlights the importance of the role of the United Nations in international economic issues.




    Equity Funds –

    wikipedia entry


    A stock fund or equity fund is a fund that invests in equities more commonly known as stocks. Stock funds are contrasted with bond funds and money funds.

    Fund assets are typically mainly in stock, with some amount of cash, which is generally quite small, as opposed to bonds, notes, or other securities. This may be a mutual fund or exchange-traded fund.

    The objective of an equity fund is long-term growth through capital gains, although historically dividends have also been an important source of total return. Specific equity funds may focus on a certain sector of the market or may be geared toward a certain level of risk.

    Stock funds can be distinguished by several properties. Funds may have a specific style, for example, value or growth. Funds may invest in solely the securities from one country, or from many countries. Funds may focus on some size of company, that is, small-cap, large-cap, et cetera.

    Funds which involve some component of stock picking are said to be actively managed, whereas index funds try as well as possible to mirror specific stock market indices.

    * 1 Fund types
    o 1.1 Index fund
    o 1.2 Growth fund
    o 1.3 Value fund
    o 1.4 Sector fund
    * 2 Income fund
    * 3 Balanced fund
    * 4 Asset allocation fund
    * 5 Fund of funds
    * 6 Hedge funds
    * 7 See also

    Fund types –

    Index fund

    Index funds invest in securities to mirror a market index, such as the S&P 500. An index fund buys and sells securities in a manner that mirrors the composition of the selected index.

    The fund’s performance tracks the underlying index’s performance. Turnover of securities in an index fund’s portfolio is minimal. As a result, an index fund generally has lower management costs than other types of funds.

    Growth fund

    A growth fund invests in the stocks of companies that are growing rapidly. Growth companies tend to reinvest all or most of their profits for research and development rather than pay dividends. Growth funds are focused on generating capital gains rather than income.

    Value fund

    This is a fund that invests in “value” stocks. Companies rated as value stocks usually are older, established businesses that pay dividends.

    Sector fund

    A fund that invests in one area of industry is called a sector fund. Most sector funds have a minimum of 25% of their assets invested in its specialty. These funds offer high appreciation potential, but may also pose higher risks to the investor. Examples include gold funds (gold mining stock), technology funds, and utility funds.

    Income fund

    An equity income fund stresses current income over growth. The funds objective may be accomplished by investing in the stocks of companies with long histories of dividend payments, such as utility stocks, blue-chip stocks, and preferred stocks.

    Option income funds invest in securities on which options may by written and earn premium income from writing options. They may also earn capital gains from trading options at a profit. These funds seek to increase total return by adding income generated by the options to appreciation on the securities held in the portfolio.

    Balanced fund

    Balanced Funds invest in stocks for appreciation and bonds for income. The goal is to provide a regular income payment to the fund holder, while increasing its principal.

    Asset allocation fund

    These funds split investments between growth stocks, income stocks/bonds, and money market instruments or cash for stability. Fund advisers switch the percentage of holdings in each asset category according to the performance of that group. Example: A fund may have 60% invested in stocks, 20% in bonds, and 20% in cash or money market. If the stock market is expected to do well, that could switch to 80% stocks, and 10% each in both bond and cash investments. Conversely, if the stock market is expected to perform poorly, the fund would decrease its stock holdings.

    Fund of funds

    “Fund of funds” implies that the assets of a fund are other funds. The other funds may be stock funds, in which case the original fund can be called “fund of stock funds”. See fund of funds.

    Hedge funds

    “Hedge fund” is a legal structure. Hedge funds often trade stocks, but may trade or invest in anything else depending on the fund. See hedge fund.

    See also
    * Collective investment scheme

    * Investment management


    * Venture capital


    Retrieved from “http://en.wikipedia.org/wiki/Stock_fund
    Categories: Funds | Finance




    Georgia Governor Purdue – Budget Recommendations 2008


    Department of Administrative Services
    Department Financial Summary

    Risk Management


    My Note –

    So last year, the state of Georgia spent over $137 million dollars on risk management? No wonder there is a budget crisis.


    Department of Banking and Finance
    Department Financial Summary

    Financial Institution Supervision
    Provide for safe and sound operation of Georgia state-chartered financial institutions, and to protect the interests of the depositors, creditors, and shareholders of those institutions.
    Recommended Change:
    Transfer funds from the Chartering, Licensing and Applications / Non-Mortgage Entities program to the Financial Institution Supervision program to properly budget funds for projected expenses. Restore operational funding for VOIP phone system for field offices.

    1. $442,254
    2. 181,025
    Total Change $623,279

    Mortgage Supervision
    Protect customers from unfair, deceptive, or fraudulent residential mortgage lending practices and enforceapplicable laws and regulations.
    Recommended Change:
    Provide for safe and sound operation of Georgia state-chartered financial institutions, and to protect the interests
    of the depositors, creditors, and shareholders of those institutions.
    1. $12,316
    Total Change $12,316

    Administration – (for department of banking and finance)
    State General Funds       $1,876,614             $173,210            $2,049,824
    Total Funds                     $1,876,614              $173,210            $2,049,824


    Department of Corrections
    Program Budget Financial Summary

    Probation Supervision
    State General Funds            $82,167,745         $1,069,332            $83,237,077

    My Note –
    every person pays fee for probation supervision monthly which covers the costs of that probation and every county and city, state and federal system is paying for this through using the tax money and fees levied against each petty offense as well.



    * Court fees

    Florida, Georgia, Iowa, Minnesota, Nevada and Utah raised court fees.



    From the FY 2009 Budget – (Georgia Governor’s Recommendations)

    Post-secondary studies are critical to preparing Georgians to compete in the challenging economic climate of this century. The FY 2009 budget includes $115 million to provide funding for enrollment growth in the university system. It also provides $237 million in bonds for continued expansion and enhancement of facilities at institutions around the state: $70 million for the School of Dentistry at the Medical College of Georgia, $33 million for an Engineering Technology Center at Southern Polytechnic State University, and $30 million for major repairs and renovations system-wide. For those students who choose a technical school career path, the FY 2009 budget includes $93 million in bonds to construct new facilities at technical colleges statewide.


    State Funds Surplus by Department

    (numbers are from FY 2006, FY 2007)

    Education, Department of           $10,806,643.46            $8,172,469.64

    Community Health, Department of     $8,671,964.53     $69,344,281.39

    *My Note –

    So therefore, by cutting services and charging more, cutting programs and refusing to fill vacancies mandated to provide services – these surpluses reflect diverting funds to programs that the Republican administration in Georgia determine to suit themselves. That could be part of the problem . . .

    And, considering the amount of money that our taxes are paying out for every last part of the University system, from buildings and land to teachers’ salaries, administration costs, overhead and operating costs – why does any one have to pay again just to attend? That is obscene considering the tuitions and fees being charged.

    Every dorm has been built with tax money, every piece of equipment for labs and sports and every administrative computer, xerox machine, telephone and security service, among other things have been purchased and paid for with tax moneys from the state, county, cities and federal budgets.

    Those “public moneys” are our paid taxes, service fees, and every other excuse to take money that each citizen has earned.

    Is there something wrong with their math skills or is it just another American racket of greed and profiteering?

    – cricketdiane, 06-27-09


    $114,715,169 is recommended to recognize a 3.36
    percent increase in credit hours, bringing the total
    number of hours generated to 6,843,691. The credit
    hours were generated by a student body of 266,444
    students engaged in post-secondary education
    activities. Both numbers represent an all-time high for
    the University System of Georgia (USG).
    $6,500,000 in additional funding for Georgia
    Gwinnett College (GGC) to assist with start up and
    accreditation requirements is recommended as part
    of the USG budget – GGC is the first new college in
    the University System since 1970. The first freshman
    class of 852 students started in the fall of 2007.
    $14,464,286 to provide the first year of funding for
    the Board of Regents’ Retiree Health Benefit Fund to
    assist in meeting the Regents’ OPEB liability.
    $1,000,000 to increase funding for books and
    materials for public libraries in addition to $125,431 to
    increase the public library state grants formula based
    on an increase in state population.
    $216,905,000 in bonds recommended for University
    System of Georgia (USG) capital outlay projects,
    specifically targeting Georgia’s priority educational
    needs including a School of Dentistry at Medical
    College of Georgia, a nursing and health building at
    Gordon College, a new preparatory school at Georgia
    Military College, an Engineering Technology Center at
    Southern Polytechnic State University, and a teacher
    education building at Macon State College.
    $35,000,000 in cash and $30,000,000 in general
    obligation bonds for major rehabilitation and
    renovation on USG’s 35 campuses, representing an
    investment in the nearly 75 million square feet of real
    property operated and maintained by the University
    $700,000 for the Agricultural Experiment Station and
    $300,000 for the Cooperative Extension Service
    to provide for ongoing maintenance and operating
    needs across the state.
    $800,000 to complete infrastructure improvements at
    the UGA-Griffin campus.
    $7,161,000 to expand Medical College of Georgia
    course offerings to regional campuses throughout
    Georgia to encourage an increase in medical school
    enrollment. $159,000 to add 13 residency slots at
    teaching hospitals as part of an effort to increase
    the number of physicians practicing in underserved
    portions of the state. Currently, Georgia ranks 35th in
    the nation in physicians per capita.

    $93,150,000 in bonds for new construction projects
    and equipment for the technical college system



    $9,800,000 in bonds to acquire property, design, and
    construct additional parking at the Georgia World
    Congress Center.


    My Note –

    For durn near $10 million dollars, I could find them a damn parking place. That is obscene while there are programs being cut all over the state and metro Atlanta counties which help people and communities through this difficult economic time. It is obvious that the decision-makers value concrete more than people and their own convenience over using tax money to do other things that improve the opportunities for the citizens of Georgia.



    Economic vitality in rural Georgia is the singular goal of the OneGeorgia Authority – and we have the tools to help make it happen. From land acquisition, infrastructure development, airport enhancements and broadband creation to machinery purchases, business relocation assistance and entrepreneur support, OneGeorgia provides grants and loans for these economic development activities to qualified applicants.

    Our task at the OneGeorgia Authority is to serve as a financial partner and catalyst in helping our rural communities maintain excellent quality of life advantages while also creating sustainable and diversified economies. Local governments, local-government authorities, joint or multi-county development authorities, lending institutions and airport authorities are qualified applicants. Learn if your geographic area is eligible. Learn more about our programs.

    Governor Perdue Announces OneGeorgia Awards

    Governor Perdue Announces $16.2 million in OneGeorgia Awards

    Wednesday, June 24, 2009

    BRUNSWICK, GA –Governor Sonny Perdue and members of the OneGeorgia …

    Featured Project

    Southeast Georgia RDA– building expansion

    May 20, 2009

    On June 1, 2007, OneGeorgia awarded an Equity loan of $488,541 to the Southeast Georgia Regional Development Authority to support the expansion of the Michigan Blueberry Growers processing facility in Alma. The Equity loan was used for building construction of a pre-cooler building, dry storage room and office space. The expansion will provide much needed cooling space to support the continued growth of blueberries in Georgia. In 1983, a member-owned blueberry marketing cooperative, founde…
    Read More »

    Map of awards in Georgia, does not include metro Atlanta, Savannah and areas next to the state line with SC and NC



    Grant & Loan Awards: Bartow County
    Date Awarded


    Equity funds to assist with the construction of 30 T-hangars at the Level III Cartersville-Bartow Regional Airport. Currently the Airport houses 120 private aircraft permanently based at the airport, spread among 60 T-hangars, 50 tie-downs and corporate hangars. There are currently no vacancies for T-hangar space and a waiting list of 100. The new hangars will add economic development capacity, meet an airport need, generate new taxes and encourage tourism. The Airport is ranked by the DOT as number one in the nine airports within Region One and 7th highest in economic activity compared with all 94 general aviation airports in Georgia. Shaw Industries and Anheuser-Busch use the Airport regularly to fly executives in and out for meetings. Georgia Power bases its aerial patrols and resource management there. Phoenix Air Group, a worldwide airline services company and fixed based operator at the Airport, will handle the rental of the hangars. The Company provides many services including electronic warfare training to militaries; air charter, fuel, and advanced flight school services.



    Ditch the bull and take a look for yourself – no matter how much or how little money you have – it is your right to know what is happening now (for yourself) – not to panic, get smart and use it


    , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

    September 21-28, 2007

    EDA announced 31 investments greater than $100,000 during the period September 21 to 28, 2007, totaling $33,917,840. These investments are part of projects totaling $66,206,214, saving 2,940 jobs, creating 20,528 jobs and generating more than $727.404 million in private investment.

    September 17-21, 2007

    EDA announced 33 investments greater than $100,000 during the period September 17-21, 2007, totaling $41,824,053. These investments are part of projects totaling $67,136,358, saving 266 jobs, creating 5,862 jobs and generating more than $398.5 million in private investment.

    September 10-14, 2007

    EDA announced nine investments greater than $100,000 during the period September 10-14, 2007, totaling $4,692,265. These investments are part of projects totaling $9,696,886, saving 383 jobs, creating 560 jobs and generating more than $35.6 million in private investment.


    June 18-22, 2007

    EDA announced 41 investments greater than $100,000 during the period June 18-22, 2007 totaling $39,755,536. These investments are part of projects totaling $102,504,404, saving 800 jobs, creating 7,681 new jobs and generating more than $1.109 billion in private investment.

    March 19-23, 2007

    EDA announced 31 investments greater than $100,000 during the period March 19-23, 2007, totaling $39,422,382. These investments were part of projects totaling $109,958,217, saving 362 jobs, creating 9,125 jobs and generating more than $1.124 billion in private investments.

    (This one was interesting – )

    $720,000 to ACCION Texas, Inc., San Antonio, Texas, to support the purchase and renovation of a building in Laredo to house an ACCION regional hub for small and micro-business lending, technical assistance and financial literacy training, and an incubator for small start-up businesses. This investment is part of a $900,000 project that will help save 250 jobs, create 50 jobs and attract more than $180,000 in private investment.

    (And, this one – )

    $1,000,000 for a joint investment to Sacred Heart Health Systems, Inc. and the city of Pensacola, Florida, to fund multiple infrastructure improvements to the roadways and storm water system at Pensacola’s Sacred Heart healthcare facility. This investment is part of a $6,500,000 project that will help create many new healthcare jobs and leverage significant private investment.

    $2,000,000 to the city of Huntington Park, California, to fund infrastructure improvements to a brownfield site in the Los Angeles suburb of Huntington Park necessary to develop a retail center. This investment is part of a $4,035,000 project that will help create more than 1,300 jobs and generate over $200 million in private investments.



    All Issues Investment Grade High Yield Convertibles
    Total Issues Traded 4,778 3,570 961 247
    Advances 1,824 1,301 415 108
    Declines 2,404 1,859 430 115

    FINRA TRACE Corporate
    Bond Market Activity 2/19/2009

    Trading and Capital-Markets Activities Manual

    Provides guidance on trading operations and related capital-markets banking activities. Details sound management practices and key examination and review considerations for trading and capital-markets activities. Includes discussions of a wide range of risk management issues encountered in trading and dealer operations, including market risk, counterparty credit risk, legal risk, financial reporting, accounting, and ethics. Profiles thirty-five specific financial instruments commonly encountered in trading and capital-markets-related activities.

    Last update: January 2009

    Entire manual (2.42 MB PDF) | Manual by section
    User’s Guide for the Bank Holding Company Performance Report cover

    A User’s Guide for the Bank Holding Company Performance Report

    Serves as an aid in using the Bank Holding Company Performance Report (BHCPR). Provides definitions of the financial ratios and items presented on each page of the BHCPR.

    Last update: March 2008

    Entire manual (976 KB PDF) | Manual by section




    Federal Reserve is prepared to expand Term Asset-Backed Securities Loan Facility (TALF)
    February 10, 2009
    Seal of Board of Governors of the Federal Reserve System Information Regarding Recent Federal Reserve Actions
    Comprehensive list of links to information related to recent Federal Reserve actions, including links to press releases, Federal Register notices, and other related information.

    Recent Supervision and Regulation and Consumer Affairs Letters
    SR 09-2 FFIEC Guidance Addressing Risk Management of Remote Deposit Capture Activities
    SR 09-1 Application of the Market Risk Rule in Bank Holding Companies and State Member Banks
    SR 08-12 Revisions to the Guide to the Interagency Country Exposure Review Committee (ICERC) Process
    SR 08-10 Regulatory Capital Impact of Losses on Fannie Mae and Freddie Mac Preferred Stock
    CA 08-12 / SR 08-9 Consolidated Supervision of Bank Holding Companies and the Combined U.S. Operations of Foreign Banking Organizations

    Supervision and Regulation Letters, commonly known as SR Letters, address significant policy and procedural matters related to the Federal Reserve System’s supervisory responsibilities. These letters are issued by the Board of Governors’ Division of Banking Supervision and Regulation and are a means of disseminating information to banking supervision staff at the Board and the Reserve Banks, as well as to supervised banking organizations.

    SR Letters are numbered sequentially by year. For example, the first letter issued in 2005 is numbered SR 05-1.

    Provided here in reverse chronological order by year are active SR letters issued since January 1990. Obsolete letters or letters that contain confidential supervisory information are not included.

    Attachments to most of the SR letters are included. Hard copies of attachments not provided electronically are available from the Board’s Freedom of Information Office.

    Letters released prior to November of 2001 were assigned a designation identifying the primary supervisory function addressed in that letter, for example, SR 97-2 (SPE). The designations are explained below.

    Letters issued from 1990 through 1994 were classified in one of four functional areas:

    * FIS (domestic financial institution supervision),
    * IB (international banking supervision),
    * SA (specialized banking activities), and
    * STR (banking structure and expansion).

    In 1995, the functional areas were redefined, as follows:

    * APP (Applications)
    * ENF (Enforcement)
    * GEN (General)
    * NIC (National Information Center)

    * SPE (Specialized Banking Activities)
    * SRV (Surveillance)
    * SUP (Financial Institution Supervision)
    * TRN (Training)

    Letters that concerned only foreign banking activities carried an additional designation, IB (International Banking), for example, SR 97-13 (SUP.IB).
    Other Sources of Information on Supervisory Policies and Procedures
    Supervision Manuals:

    * Bank Holding Company Supervision Manual
    * Bank Secrecy Act/Anti-Money Laundering Examination Manual
    * Commercial Bank Examination Manual
    * Examination Manual for U.S. Branches and Agencies of Foreign Banking Organizations
    * FFIEC Information Systems Handbook
    * Trading and Capital-Markets Activities Manual


    Application Filing Information

    Federal Reserve Regulatory Service (FRRS), available through Publications Services
    Home | Banking Information & Regulation
    Accessibility | Contact Us
    Last update: January 13, 2009


    My Note –

    The banks have been taking money under the Act listed in the 2008 Appropriations Bill and from every Act in every appropriations bill for the last eight years, at least.

    And, they have been lobbying legislators to serve their own benefit. Recently having an attorney’s firm write a letter for them to the legislators who were determining whether the FDIC would guarantee new bonds that the banks were creating using the full faith and credit of the United States, it was and is lobbying, among other things. They need to cut it out.

    It is not helping for banks to be leveraging their power to influence in matters being decided about solving macro-economic issues right now. If banks cover their own interests exclusively for self-preservation as they would be inclined to do, they are not in a position to have an overview of decisions affecting larger, far-reaching consequences for all of us that Congress and the economics team must consider.

    On the other side of this thing, if only the banks stand while the consumers en masse, the citizens en masse and all other financial systems en masse have failed – we will have nothing but a wasteland of big pretty buildings with nothing in them. But, the banks will be available, having covered their own asses at the expense of each member in America paying out their hard-earned money to pay off junk bonds issued by the mega-bank conglomerates. How long will they survive with no taxpayers capable of paying for them to exist?

    Wall Street also, does not exist to the exclusion of all else. These “financial engineers” have been the greatest sum total waste of human facility in the history of mankind because they would have been our greatest scientists, engineers, mathematicians, business geniuses, massively intelligent resources of a dynamic, prospering new era of growth for America and the World. Instead, they have distorted the use of our national “brain trust” as a resource into an unrecognizable enmeshed catastrophic failure for every financial and economic system where their minds and efforts were
    paid to participate.

    and, without the underlying assets that Wall Street trades in – there will be no Wall Street.

    – cricketdiane, 02-20-09

    Since when are bankers and Wall Street traders capable of deciding macro-economics that the rest of us have to suffer?



    This section provides current information on EDA’s Programs, Investment Policies and Funding Opportunities.

    The section also provides easy access to Laws and Regulations that apply to EDA’s Programs, and guidance for those who may be interested in applying for EDA’s Investment Awards.

    The Programs page provides descriptions of EDA’s different investment programs: Public Works and Economic Development, Economic Adjustment Assistance, Research and National Technical Assistance, Local Technical Assistance, Planning Program, University Center Economic Development, and Trade Adjustment Assistance for Firms.

    The Investment Policy Guidelines page outlines what EDA is looking for in potential applicants and what it believes will truly lead to economic development.

    The Federal Funding Opportunity and Other Notices page provides links to FY 2006 Economic Development Assistance Programs, Technical Assistance Program, and Research and Evaluation Program.

    The Laws and Regulations page outlines the rules and regulations that apply directly to EDA related activities.

    The Comprehensive Economic Development Strategies (CEDS) Summary of Requirements PDF, provides a synopsis of the requirements for comprehensive economic development strategies. Click HERE for a plain background version for printing.

    The Application Requirements page provides a detailed explanation of what is expected from applicants throughout the application process including links to application forms.

    The Post-Award Requirements page outlines Revolving Loan Fund (RLF) Grant Reporting Requirements, Financial Reporting Requirements and Performance Reporting Requirements with GPRA Forms and Instructions.

    Tractor ImageAmerican Jobs American Values
    New Investments & Grants :: Department of Commerce ::
    Privacy Policy | FOIA | Information Quality Guidelines | Web Master



    U.S. Treasury – Office of Domestic Finance
    Skip Navigation U.S. Department of the Treasury Logo … these statistics contact the Office of Debt Management by email at debt.management@do.treas.gov. …
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    # [PDF]
    Islamic Finance 101
    File Format: PDF/Adobe Acrobat – View as HTML
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    Nov 5, 2008 … The Treasury Department has announced it will teach “Islamic finance” to U.S. banking regulatory agencies, Congress and other parts of the …
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    Feb 27, 2007 … Visit the Financial Management Service web site for more information. … that lists the type of Treasury Securities that are issued to finance the debt, … U.S. Department of the Treasury, Bureau of the Public Debt …
    www.treasurydirect.gov/govt/resources/faq/faq_publicdebt.htm – 16k – Cached – Similar pages




    Investment applications will be competitively evaluated on their ability to meet or exceed the following investment policy guidelines:

    Be market-based and results-driven. An investment will capitalize on a region’s competitive strengths and will positively move a regional economic indicator measured on EDA’s Balanced Scorecard, such as: an increased number of higher-skill, higher-wage jobs; increased tax revenue; or increased private-sector investment.

    Have strong organizational leadership. An investment will have strong leadership, relevant project management experience, and a significant commitment of human-resources talent to ensure a project’s successful execution.

    Advance productivity, innovation, and entrepreneurship. An investment will embrace the principles of entrepreneurship, enhance regional clusters, and leverage and link technology innovators and local universities to the private sector to create the conditions for greater productivity, innovation, and job creation.

    Look beyond the immediate economic horizon, anticipate economic changes, and diversify the local and regional economy. An investment will be part of an overarching, long-term comprehensive economic development strategy that enhances a region’s success in achieving a rising standard of living by supporting existing industry clusters, developing emerging new clusters, or attracting new regional economic drivers.

    Demonstrate a high degree of commitment by exhibiting:

     High levels of local-government or nonprofit matching funds and private-sector leverage.

     Clear and unified leadership and support by local elected officials.

     Strong cooperation between the business sector, relevant regional partners, and local, state, and federal governments.


    & *** &



    SPECIAL REPORT Issue #1: America’s Money Crisis
    Get ready for a wave of bank failures
    In less than two months, regulators have seized 13 banks. Experts think many more banks will collapse before the financial crisis is over.
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    By David Ellis, CNNMoney.com staff writer
    Last Updated: February 20, 2009: 12:59 PM ET


    * Berkshire Hathaway’s stock falls 6%
    * Banks pounded by nationalization fear
    * Get ready for a wave of bank failures
    * Nonprofits: Misery loves company
    * Consumer prices edge higher

    Where the banks are failing
    Where the banks are failing
    Bank failures and foreclosures keep mounting
    View map
    ‘Banks must be nationalized’video
    ‘Banks must be nationalized’
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    NEW YORK (CNNMoney.com) — If it’s Friday, there must be a bank failing somewhere across the country.

    For five consecutive weeks, industry regulators have seized control of a bank after the market closed on Friday, bringing the total number of failed banks so far this year to 13.

    To put that into perspective, 25 banks failed in 2008, suggesting that the rate of failures is quickening as the economic crisis deepens.

    “We’ll have a banner year [of failures] this year,” said Stuart Greenbaum, retired dean and professor emeritus at the Olin Business School at Washington University in St. Louis.

    At the current rate, nearly 100 institutions– with a combined $50 billion in assets — will collapse by year’s end.

    But with more consumers and businesses likely to default on loans as the recession drags on, some industry observers think the pace of bank failures could accelerate further.

    Gerard Cassidy, managing director of bank equity research at RBC Capital Markets, upped his expectations for bank failures earlier this month, warning that he anticipates 1000 institutions could fail over the next three to five years.

    “The sooner the bank regulators can shut down the troubled banks, the faster the industry will get back on its feet, in our view,” he wrote.
    A different era

    Still, the current crop of bank failures hardly comes close to what happened during the savings & loan crisis two decades ago.

    More than 1,900 financial institutions went under during 1987-1991, peaking with the failure of 534 banks in 1989.

    And many experts are quick to draw distinctions between the two eras.

    During the last crisis, many savings and loans were coping with an inability to adapt to higher interest rates, while many banks were significantly undercapitalized to deal with losses.

    “That is not our problem here,” noted Ann Graham, a professor of law at Texas Tech who spent part of her career as a litigator for the FDIC and Texas’ Department of Banking during the 1980s.

    Instead, she said the main problem now is that banks have been stuck with assets in their loan and investment portfolios that have quickly soured.

    It’s also worth remembering that when banks fail, they don’t close down for good. The Federal Deposit Insurance Corp. guarantees deposits up to $250,000 in single accounts. Also, the FDIC often is able to find a willing buyer for the failed bank immediately, which means little, if any, disruption for the failed bank’s customers.

    Still, regulators face a crisis of significantly larger proportions today that promises to keep the nation’s banking industry strained for some time.

    Even though the overwhelming majority of the banks that have gone under since the beginning of 2008 are smaller community banks, there have been two notable big bank failures.

    Last year, the California-based mortgage lender IndyMac failed. That was followed by the collapse of savings and loan Washington Mutual, the largest bank failure in history. The FDIC seized WaMu and immediately sold its banking operations to JPMorgan Chase (JPM, Fortune 500).

    Several experts fear the potential for another large bank failure. While the U.S. government has repeatedly said it will not allow major institutions to fail, namely Citigroup (C, Fortune 500) and Bank of America (BAC, Fortune 500), some embattled regional banking giants may be too far gone to save.

    “Conceivably, we’ll see some larger names fail as we go forward,” said Frank Barkocy, director of research with Mendon Capital Advisors, a money management firm that invests primarily in financial stocks.
    Bracing for tough times

    Regulators have indicated they are gearing up for tougher times. In addition to requesting an increase in its borrowing authority from the Treasury, the FDIC has maintained that it expects its deposit insurance fund to suffer $40 billion in losses through 2013. Last summer’s collapse of IndyMac wiped out $8.9 billion from the fund.

    Fearful of drawing down the fund any further, banking authorities may attempt to broker more assisted acquisitions like JPMorgan Chase’s purchase of Washington Mutual, where the purchaser acquires the deposits and a portion of the failed bank’s bad assets.

    “The [FDIC’s] incentive is not to have a bank failure at all,” said Jack Murphy, a long-time partner at the law firm Cleary Gottlieb Steen & Hamilton, who previously served as general counsel for the agency. “If it is possible to have a private market solution, that is ideal.”

    Next week, regulators are expected to provide a better glimpse of the health of the banking sector, when the FDIC presents its quarterly banking profile for the fourth quarter of 2008.

    One highlight of the report will be the agency’s so-called “problem bank” list. That number is expected to climb from 171, where it stood at the end of the third quarter.

    Some have charged that the list is hardly reliable, given that only a fraction of the banks that are included ever actually reach the point of collapse.

    Nevertheless, a big jump in the number of banks on the problem list could serve as an indicator that there will many more Friday failures to come this year. To top of page
    First Published: February 20, 2009: 12:50 PM ET


    SPECIAL REPORT Issue #1: America’s Money Crisis
    Where the banks are failing
    Bank failures – many caused by foreclosures – keep mounting.


    Where does your state rank?
    Americans everywhere are feeling the recession’s pain – some more than others.


    Tabs above map show – Unemployment by state with roll-over showing percentages for each

    State budget deficits – blue chart with roll-overs with billions in deficit

    Foreclosures – current percentages – does not reflect those already done.



    Office of Thrift Supervision – Department of the Treasury

    OTS Releases Annual Report for FY 2008

    Focuses on supervising thrift industry in year of historic change and challenge.



    FDIC website


    Resources that we are paying to provide to bankers and the banking / financial industry


    Access financial information on specific banks as well as analyses on the banking industry and economic trends.

    Bank Data & Statistics
    Use searchable databases to find information on specific banks, their branches, and the industry.


    Access FDIC policy research and analysis of regional and national banking trends.


    Failed Banks
    Learn how accounts and loans are affected when a bank fails, how to seek unclaimed funds, and how to obtain a lien release.


    FDIC Dividends from Failed Banks (Updated June 27, 2007)
    For banks that have failed since October 1, 2000, search for the latest dividend information.


    Equity Investors and Contract Service Providers
    To obtain information on equity/capital investment in an institution, purchasing assets from FDIC, or providing contract services to the FDIC, please call (866) 308-4470.

    (Refer to links on this page – go buy you some bank stuff – jumbo bonds and junk bonds, desks, empty buildings, atm machines, residential mortgages, commercial mortgages, collateralized debt obligations (CDOs), business loans, pretty marble countertops – I don’t know.)


    FINRA –


    FINRA is the largest independent regulator for all securities firms doing business in the United States. We oversee nearly 5,000 brokerage firms, 172,000 branch offices and 663,000 registered securities representatives. Our chief role is to protect investors by maintaining the fairness of the U.S. capital markets.

    (See below)


    Securities and Exchange Commission


    SEC Protecting Investors, Markets During Credit Crisis

    During the current turmoil in the credit markets, the SEC has worked closely with other regulators in the U.S. and around the world to protect investors and the markets.

    * SEC Actions During Credit Crisis
    * 2008 Annual Report


    SEC Actions During Turmoil in Credit Markets

    The mission of the Securities and Exchange Commission is to protect investors, maintain fair, orderly, and efficient markets, and facilitate capital formation.

    During the current turmoil in the credit markets, the SEC has worked closely with the Department of the Treasury, the Federal Reserve, and other regulators in the U.S. and around the world to protect investors and the markets.

    The SEC administers the federal securities laws, requires disclosure by public companies, and brings enforcement actions against securities law violators.

    While other federal and state agencies are legally responsible for regulating mortgage lending and the credit markets, the SEC has taken the following decisive actions to address the extraordinary challenges caused by the current credit crisis:

    (See page link above to read about all this good stuff they’ve done to make it all better.)
    ( – in their opinion.)



    Seventy-five years ago, during the peak of the Great Depression, the SEC was established by Congress to restore investor confidence. Today, the SEC continues to build on that essential purpose with a clear mission: to protect investors; maintain fair, orderly, and efficient markets; and facilitate capital formation.

    SEC 2008 Report

    Our purpose
    Message from the Chairman
    75th Anniversary of the SEC
    working to restore trust
    a globally active SEC
    modernizing the SEC
    the future of regulation
    Financial Snapshot
    Contact Information

    (Pretty nifty looking report for a bunch of folks that let the mess grow to this magnitude.)


    Industry Professionals

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    News Releases









    Division of Investment Management

    The Division of Investment Management regulates investment companies (such as mutual funds, closed-end funds, UITs, ETFs, and interval funds), including variable insurance products, and federally registered investment advisers.

    Laws and Rules
    * Investment Company Act of 1940

    * Investment Company Act Rules

    * Investment Advisers Act of 1940

    * Investment Advisers Act Rules

    Staff Guidance and Studies
    * September 26, 2008 Responses to Frequently Asked Questions about The Reserve Fund and Money Market Funds

    * Registered Investment Company Use of Senior Securities — Select Bibliography

    * August 21, 2007 Letter to Investment Company Institute re: Funds Use of Rule 22c-2 Information for Marketing Purposes

    * June 28, 2007 Letter to Fidelity Investments, Massachusetts Financial Services Company and OppenheimerFunds, Inc. re: Implementation of FASB Interpretation No. 48

    * Staff Responses to Questions Regarding Disclosure of Fund of Funds Expenses

    * December 22, 2006 Letter to ICI re: Implementation of FASB Interpretation No. 48

    * December 14, 2006 Letter to Babson Capital Management LLC re: Interpretive Guidance on Exchange Act Rule 16b-3

    * Staff Letters Regarding Auditing Standards for Financial Statements of Insurance Company Depositors of Variable Insurance Products

    * Staff Responses to Questions About Amended Custody Rule

    * October 17, 2003 Letter to the ICI re: Disclosure by Funds Investing in Government Sponsored Enterprises

    * Implications of the Growth of Hedge Funds

    * Protecting Investors: A Half Century of Investment Company Regulation (May 1992)

    * Questions and Answers Regarding the Mutual Fund Customer Identification Program Rule

    * 2001 Mutual Fund Fee Report

    * Staff Legal Bulletins


    Miscellaneous Investor Information
    * Variable Annuities: What You Should Know

    * Invest Wisely: An Introduction to Mutual Funds

    * Investment Advisers: What You Need to Know Before Choosing One

    * Information on Investment Clubs

    * Mutual Fund Investing: Look at More than a Mutual Funds Past Performance

    * Mutual Fund Cost Calculator

    Anti-Money Laundering Rulemaking Report Issued on Improving Financial Privacy Notices for Consumers 0 Contact Us Effectiveness Notices
    Investment Company Regulation
    Investment Company Registration and Regulation Package

    Mutual Fund Registration Form (Form N-1a) and Instructions

    Investment Adviser Regulation
    Information for Newly-Registered Investment Advisers

    IARD: Electronic Filing for Advisers

    Compliance Information

    IAPD: Investment Adviser Public Disclosure Website (Background Information)
    Investment Adviser Forms

    Investment Company Act Notices and Orders Investment Company Act Deregistration Notices and Orders Investment Advisers Act Notices and Orders Investment Management Staff
    No-Action and Interpretive Letters Treasury’s Temporary Guarantee Program for Money Market Funds
    Form 13F
    * Frequently Asked Questions About Form 13F

    * Official List of Section 13(f) Securities

    GETS Cards
    * Rule 12b-1

    * Interactive Data

    * Hedge Funds

    * Role of Independent Investment Company Directors

    * Investment Adviser Regulatory Issues (May 2000)

    Annual Industry Comment Letters
    * February 2001 Letter to Investment Company CFOs

    * December 1999 Letter to Investment Company CFOs

    * December 1998 Letter to Investment Company CFOs

    Applications of Enron Corp. for Exemptions Under the Public Utility Holding Company Act of 1935


    CCOutreach Program

    The mission of the CCOutreach program for fund and adviser Chief Compliance Officers (“CCOs”) is to improve compliance by opening the lines of communication between CCOs of registered investment advisers and investment companies and SEC staff.

    As part of the CCOutreach Program, we established an email address, CCOutreach@sec.gov. Please feel free to contact us or your local office (see office contact information at http://www.sec.gov/about/offices/ocie/ocie_org.htm) with any compliance questions or concerns you have regarding any industry or individual practice. You may request anonymity when speaking with the staff.

    * National Seminar

    The National Seminar is held annually at SEC headquarters in Washington, DC and covers various broad topics applicable to many firms. The topics may be most beneficial for larger adviser CCOs and may also include topics relevant to investment companies. This seminar consists of panel discussions among SEC staff and CCOs. SEC participants include staff from the Division of Investment Management and the Office of Compliance Inspections and Examinations, and examiners from various regional offices; CCO representatives are from firms ranging in asset size and complexity. The National Seminar is open to approximately 500 in-person attendees and is available via live and archived audio webcast. In-person attendees can submit question cards, which the various panels will attempt to address, time permitting.

    If you are a CCO interested in speaking at future National Seminars or have suggestions for panel discussions, please send an email to CCOutreach@sec.gov.

    o November 13, 2008

    + Agenda

    o November 14, 2007

    o November 14, 2006

    o November 8, 2005

    * Regional Seminars

    The Regional Seminars are hosted by examination staff located in the regional offices and are held in the spring and summer in various cities throughout the country. These seminars are intended to address more “nuts and bolts” of the examination process and are typically limited to 50 to 120 attendees. The topics may be most beneficial for mid-size and smaller adviser CCOs. The Regional Seminars often include question and answer sessions and, given their smaller size, are more conducive to audience interaction than the National Seminar. These seminars enable CCOs to interact with the staff from their local SEC office.
    o 2008 Seminar Information

    o 2007 Seminar Information

    o 2006 Seminar Information

    o 2005 Seminar Information

    * Interactive Broadcast Seminars

    Interactive Broadcast Seminars will be held periodically via webcast and will each focus on a specific topic. These programs have been developed in response to requests from CCOs for programs tailored to specific types of advisory firms. The first Interactive Broadcast Seminar was dedicated to compliance practices of smaller advisory programs.
    o Focused Seminar for Small Advisers (September 16, 2008)

    + Agenda

    + Webcast

    Availability of Continuing Education Credits for CPAs Attending the National and Regional CCOutreach Seminars

    As of November 2006, the CCOutreach National and Regional Seminars have been designated as professional training programs for which certified public accountants may earn continuing professional education (“CPE”) credits. The estimated CPE credits for attending the National Program are 7 hours and the Regional Programs are 4 hours, with all credits in specialized knowledge and applications. Students and instructors who are certified public accountants are eligible to receive CPE credits based on their in-person participation in the program. Application forms will be available at each program.

    The U.S. Securities and Exchange Commission’s Office of Compliance Inspections and Examinations is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be addressed to the National Registry of CPE Sponsors, 150 Fourth Avenue North, Suite 700, Nashville, TN 37219-2417 or by visiting the website: http://www.nasba.org.

    There are no prerequisites for these programs. No advance preparation for these programs is required and there is no charge to attend. You will be notified of any changes in the date, time, or cancellation of these programs. If you have any suggestions or complaints about earning CPEs at these programs, please contact either Karen Rossotto (202/551-6779) or Mavis Kelly (202/551-6381) to discuss/resolve the issue.
    News & Public Statements

    * SEC Examination Staff to Sponsor Regional Seminars (Press Release No. 2006-72, May 15, 2006)

    * SEC Chairman Announces First National ‘CCOutreach’ Seminar (Press Release No. 2005-136, Sept. 26, 2005)

    * Speeches and Public Statements
    o Opening Message by SEC Chairman Cox before the CCOutreach National Seminar (November 8, 2005)
    + Windows Media Streaming (13 Mb)
    + Windows Media Player (20 Mb)
    + AVI format (50 Mb)
    o Statement by SEC Chairman Cox Regarding the CCOutreach National Seminar (November 2, 2005)

    o Speech by Former SEC Chairman Donaldson: Remarks Before the ICI Mutual Fund and Investment Management Conference (March 14, 2005)


    * July 2008

    * June 2007


    * Questions Advisers Should Ask Regarding Their Compliance Program

    * Investment Adviser Scenario Analysis/Risk Matrix

    * Examiner Oversight of Annual Reviews

    * Helpful ResourcesNew

    * Information for Newly-Registered Investment Advisers


    * Investment Adviser Examinations: Core Initial Request for InformationNew

    * Examination Process and Risk Assessment

    * Information Requested and Tests Performed in Key Focus Areas

    * Information For Small Advisers

    * Summary of Recent Rulemaking Initiatives

    * Information Regarding Top Deficiencies Found During Examinations

    * Risk Assessment Flowchart

    * Red Flag Legend

    (Don’t tell me these people didn’t know what was going on and couldn’t understand the risks associated with their activities and choices of actions considering the above list of interactions with regulations and regulators.)


    My note –

    It is my opinion that the one single thing that would go farther to help our government and our Congress (and consequently, the American people) than anyone other thing would be – to enforce a standard for denoting amounts of appropriations and uses of moneys.

    Either write out the whole numbers or express Billions and Trillions as such to the same standard across all the uses in reports, budgets, summaries, appropriations, agency uses, Congressional summations of quantities and uses of taxpayer moneys.

    Here is what I’ve noticed, in the same documents, budgets, appropriations and requests for appropriations, reports of summarized used of moneys, there are numbers that go along like this – $1.984 million – $800,889 million, $234,076 million, 2.14 million, etc.

    In some of those notations of monetary sums being used or budgeted for things, it is millions and some portion of millions and in others – those are Billions or even sometimes, Trillions of dollars. I think much more intelligent uses of resources and determinations could be made if all figures were simply denoted in the same manner, whatever that is.

    ** The other thing that I’ve noticed generally, is that, “The facts are not going to change simply because you don’t want to believe them.”

    And, that is about to be a really big problem for a whole bunch of people who don’t want to be bothered by a “negative” look at the markets, the economy and / or the financial reality of the bonds, stocks and other invested funds that they hold and rely upon.

    – cricketdiane, 02-20-09


    check along left-hand side menu for options to view current statistics, values and charts – on these FINRA pages


    FINRA TRACE Market Aggregate Information

    Database of bond values and percentage of change in recent activity – current information based on “end of day” trading data


    Quick Bond Search
    Bond Type:
    Treasury & Agency Corporate Municipal

    Bond Yield and Performance At-A-Glance

    FINRA TRACE Corporate Bond Market Activity



    Last Updated: 2/20/2009

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