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5/8/2010 An Updated List of Goldman Sachs Ties to the Obama Government Including Elena Kagan
From 2005 to 2008, according to USA Today and other sources, Kagan served as a member of the Research Advisory Council of the Goldman Sachs Global Markets Institute.
(Fire Dog Lake)
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posted: 5/23/10                   0       21
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4/26/2010 Global Governance Today
Jean-Claude Trichet, President, European Central Bank, New York

It was an unexpected crisis -- largely unexpected in its dimension and in its global nature -- even if it was clear that a number of academics; a number of central banks, I have to say; and also, a number of at his own institution very, very clearly -- the BIS -- had signaled that we were living in a world of general under appreciation of risks in the financial markets. And I have to say I was, myself, on record for having said that quite a time before the first turbulences erupted. But that being said, what we have observed is really something which was very big -- bigger than was expected. And with a number of features that were really also unique.

“A set of rules, institutions, informal groupings and cooperation mechanisms that we call “global governance”.
(Council on Foreign Relations)
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posted: 5/2/10       0       19
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2/5/2009 New World Order
On the regulatory front, the path to a new global approach is pretty clear. Last spring the leaders of the G-7, a club of wealthy nations, agreed to create a "college of supervisors" to more closely coordinate regulation of multinational banks.

Yet regulators around the world were already jointly setting bank-capital standards before the current crisis hit. A lot of good that did us. So there is also much talk about the need for a new architecture--"a new Bretton Woods" was a phrase that echoed around Davos--to rein in global financial flows.
(Time Magazine)
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posted: 5/4/09                   3       14
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4/23/2007 Securing the Promise of the Western Hemisphere [Rush Transcript; Federal News Service]
ANN M. FUDGE: Good morning, everyone. Thank you for joining us on a Monday morning. I would again just like to welcome you to today's Council on Foreign Relations meeting. It's part of the C. Peter McColough Series on International Economics and is cosponsored with the council's corporate program and the Maurice Greenberg Center for Geoeconomic Studies. Before we begin, please remember to turn off your cell phones and other wireless devices. I would like to remind the audience today that this meeting is on the record. And what I would like to do is very briefly introduce our speaker this morning, Secretary Gutierrez. He will be talking about Latin America, which has been a topic that has been of interest to many of the council members. So without any further delay, I will bring Carlos up and begin the program, so we will have much time for question and answers.
(Council on Foreign Relations)
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posted: 11/7/10                   0       0
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5/1/2005 Building a North American Community
Report of an Independent Task Force; Sponsored by the Council on Foreign Relations with the Canadian Council of Chief Executives and the Consejo Mexicano de Asuntos Internacionales

America’s relationship with its North American neighbors rarely gets the attention it warrants. This report of a Council-sponsored Indepen- dent Task Force on the Future of North America is intended to help address this policy gap. In the more than a decade since the North American Free Trade Agreement (NAFTA) took effect, ties among Canada, Mexico, and the United States have deepened dramatically. The value of trade within North America has more than doubled. Canada and Mexico are now the two largest exporters of oil, natural gas, and electricity to the United States. Since 9/11, we are not only one another’s major commercial partners, we are joined in an effort to make North America less vulnerable to terrorist attack. This report examines these and other changes that have taken place since NAFTA’s inception and makes recommendations to address the range of issues confronting North American policymakers today: greater economic competition from outside North America, uneven develop- ment within North America, the growing demand for energy, and threats to our borders. The Task Force offers a detailed and ambitious set of proposals that build on the recommendations adopted by the three governments at the Texas summit of March 2005. The Task Force’s central recommen- dation is establishment by 2010 of a North American economic and security community, the boundaries of which would be defined by a common external tariff and an outer security perimeter.

More than a decade ago NAFTA took effect, liberalizing trade and investment, providing crucial protection for intellectual property, creating pioneering dispute-resolution mechanisms, and establishing the first regional devices to safeguard labor and environmental standards. NAFTA helped unlock the region’s economic potential and demon- strated that nations at different levels of development can prosper from the opportunities created by reciprocal free trade arrangements. Since then, however, global commercial competition has grown more intense and international terrorism has emerged as a serious regional and global danger. Deepening ties among the three countries of North America promise continued benefits for Canada, Mexico, and the United States. That said, the trajectory toward a more integrated and prosperous North America is neither inevitable nor irreversible. In March 2005, the leaders of Canada, Mexico, and the United States adopted a Security and Prosperity Partnership of North America (SPP), establishing ministerial-level working groups to address key secu- rity and economic issues facing North America and setting a short deadline for reporting progress back to their governments. President Bush described the significance of the SPP as putting forward a common commitment ‘‘to markets and democracy, freedom and trade, and mutual prosperity and security.’’ The policy framework articulated by the three leaders is a significant commitment that will benefit from broad discussion and advice. The Task Force is pleased to provide specific advice on how the partnership can be pursued and realized. To that end, the Task Force proposes the creation by 2010 of a North American community to enhance security, prosperity, and opportunity. We propose a community based on the principle affirmed in the March 2005 Joint Statement of the three leaders that ‘‘our security and prosperity are mutually dependent and complementary.’’ Its boundaries will be defined by a common external tariff and an outer security perimeter within which the movement of people, products, and capital will be legal, orderly, and safe. Its goal will be to guarantee a free, secure, just, and prosperous North America.

A North American Advisory Council. To ensure a regular injection of creative energy into the various efforts related to North American integration, the three governments should appoint an independent body of advisers. This body should be composed of eminent persons from outside government, appointed to staggered multiyear terms to ensure their independence. Their mandate would be to engage in creative exploration of new ideas from a North American perspective and to provide a public voice for North America. A complementary approach would be to establish private bodies that would meet regularly or annually to buttress North American relationships, along the lines of the Bilderberg or Wehrkunde conferences, organized to support transatlantic relations.
(Council on Foreign Relations)
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posted: 5/5/09                   0       15
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3/1/2002 Economic Debacle in Argentina: The IMF Strikes Again
In the days just before Christmas, with increasing cutbacks in social programs and an official unemployment rate approaching 20%, Argentinians took to the streets ._ in protest. At the time, Argentina was in the midst of its fourth year of recession. The immediate spark for the unrest was the government's latest economic policies, which restricted the amount of money people could withdraw from their bank accounts. Political demonstrations and the looting of grocery stores quickly spread across the country. The government declared a state of siege, but police often stood by and watched the looting "with their hands behind their backs." There was little the government could do. Within a day after the demonstrations began, principal economic minister Domingo Cavallo had resigned; a few days later, President Fernando de la Rua stepped down. In the wake of the resignations, a hastily assembled interim government immediately defaulted on $155 billion of Argentina's foreign debt, the largest debt default in history. The new government also promised a public works jobs program and announced plans to issue a new currency, the argentino, that would circulate alongside the Argentine peso and the U.S. dollar. As economic instability deepened, however, the argentino plan was abandoned. And the new public works program did little to address the fact that per capita income had dropped by 14% since 1998. Unable to win the popular support it needed, the new government quickly dissolved. The current president, Eduardo Duhalde, was sworn in on January 1; he was the fifth president to serve in two weeks.
(Dollars and Sense)
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posted: 2/23/11                   0       2
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keywords: Argentina, Argentine Peso, Arthur Macewan, Buenos Aires, Congress Of Argentina, Dollar, Domingo Cavallo, Eduardo Duhalde, European Union, Fernando De LA Rua, G7, George W Bush, International Monetary Fund, Japan, Jorge Remes Lenicov, Jorge Todesca, Mexico City, Moscow, New York, Police, South Korea, Taiwan, United Kingdom, University Of Massachusetts, Washington DC Add New Keyword To Link




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