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<DIV dir=ltr><FONT face=Arial size=2>----- Forwarded Message -----<BR><B><SPAN style="FONT-WEIGHT: bold">From:</SPAN></B> John Fullerton <jfullerton@capitalinstitute.org><BR><B><SPAN style="FONT-WEIGHT: bold">To:</SPAN></B> Robert Searle <dharao4@yahoo.co.uk> <BR><B><SPAN style="FONT-WEIGHT: bold">Sent:</SPAN></B> Monday, 2 July 2012, 23:30<BR><B><SPAN style="FONT-WEIGHT: bold">Subject:</SPAN></B> Will Barclays' CEO Surprise Us?<BR></FONT></DIV><WBR>
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<div><FONT class=yiv1145602622Apple-style-span face=calibri color=#111111><SPAN class=yiv1145602622Apple-style-span style="FONT-SIZE: x-large"><B>Will Barclays' CEO Surprise Us?</B></SPAN></FONT></div>
<div><FONT face=calibri color=#333333 size=2>Like Lloyd Blankfein with the Abacus fiasco, and Jamie Dimon with “the whale trade,” Barclays CEO Bob Diamond has an unparalleled opportunity to surprise us this week during his appearance before Parliament to explain the most recent financial scandal involving the systematic manipulation of LIBOR, the benchmark interbank lending rate upon which hundreds of trillions of dollars of financial transactions are priced, over several years. Will Diamond seize the opportunity missed by both Blankfein and Dimon to emerge as the first true financial statesman of the modern global banking crisis?<BR><BR>In his column this week, “Taking One for the Country,” Tom Friedman describes how Chief Justice Roberts “surprised us” with the Supreme Court Decision on health care reform by doing the unexpected in our current culture of toxic partisanship and offering an example of true leadership that actually puts the
country’s interests ahead of politics.<BR><BR>We need a banking leader to do the same right now, to put the vital interests of the world economy above the parochial interests of bankers and their toxic entitlement culture. Unfortunately, Diamond’s recent letter to Member of Parliament and Chairman of the Treasury Select Committee Andrew Tyrie suggests there will be no such surprise.</FONT></div>
<div><FONT face=calibri color=#333333 size=2>Read more at <A style="TEXT-DECORATION: none" href="http://www.capitalinstitute.org/sites/all/modules/civicrm/extern/url.php?u=5604&qid=120176" target=_blank rel=nofollow></FONT><FONT color=#5987c6>the Future of Finance</A>.</FONT></div></TD></TR>
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<div><FONT class=yiv1145602622Apple-style-span face=calibri color=#111111><SPAN class=yiv1145602622Apple-style-span style="FONT-SIZE: x-large"><B>What Will 2052 Look Like?</B></SPAN></FONT></div>
<div align=center><A href="http://www.capitalinstitute.org/sites/all/modules/civicrm/extern/url.php?u=5605&qid=120176" target=_blank rel=nofollow><IMG height=196 alt="" src="https://lh4.googleusercontent.com/6KHEhp7csFMpqwp6ZaG2DuWZIuJwgEhoktm7FiweTCrCGbZz9dJtuZxHAD5BLllL9hu0IeEb0IpNPfgleFwowzvwAy-v9lY3-oq60uaGfOH_JBDqHa0" width=320></A></div>
<div><FONT face=calibri color=#333333 size=2><I>The Limits to Growth</I> co-author Jorgen Randers recently released <A style="TEXT-DECORATION: none" href="http://www.capitalinstitute.org/sites/all/modules/civicrm/extern/url.php?u=5592&qid=120176" target=_blank rel=nofollow></I></FONT><FONT color=#5987c6><I>2052: A Global Forecast for the Next 40 Years</A> that attempts to project global economic and ecological trends for the next forty years based on similar thinking to that which underpinned the controversial Club of Rome report. Capital Institute agrees with the scale of the challenge Randers presents. However, we take a different tack when looking at the global political challenge: instead of assuming failure, we believe it is our responsibility to find solutions and advocate for their acceptance. A part of this process is our report <A style="TEXT-DECORATION: none"
href="http://www.capitalinstitute.org/sites/all/modules/civicrm/extern/url.php?u=5594&qid=120176" target=_blank rel=nofollow></I></FONT><FONT color=#5987c6><I>Economics, Finance, Governance, and Ethics for the Anthropocene</A> now available for comment.</FONT></div>
<div><FONT face=calibri color=#333333 size=2><FONT face=calibri color=#333333 size=2>For more on our report, visit <A style="TEXT-DECORATION: none" href="http://www.capitalinstitute.org/sites/all/modules/civicrm/extern/url.php?u=5594&qid=120176" target=_blank rel=nofollow></FONT><FONT color=#5987c6>CapitalInstitute.org</A></FONT>.</FONT></div>
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<div><FONT class=yiv1145602622Apple-style-span face=calibri color=#111111><SPAN class=yiv1145602622Apple-style-span style="FONT-SIZE: x-large"><B>Summer Visits to the Capital Institute Archives</B></SPAN></FONT></div>
<div><FONT face=calibri color=#333333 size=2>This summer we are inviting the Capital Institute community to take a fresh look at some of our earliest postings profiling exemplary institutions working to encourage and support a more holistic approach to investing and financing. This week we highlight our June 2010 profile of TIAA-CREF’s Global Social and Community Investment Group. The Group was created in 2006 after a survey TIAA-CREF conducted indicated that the core values that guided its clients investment decision-making were human rights, community investment, and environmental sustainability. Since we posted our conversation with then Director Cherie Santos-Wuest, Amy Muska O’Brien has assumed the role of managing director. Santos-Wuest is now Principal Investment Officer for Real Estate for the Connecticut Retirement, Pension and Trust Funds. </FONT></div>
<div><FONT face=calibri color=#333333 size=2>Read more at the Capital Institute <A style="TEXT-DECORATION: none" href="http://www.capitalinstitute.org/sites/all/modules/civicrm/extern/url.php?u=5602&qid=120176" target=_blank rel=nofollow></FONT><FONT color=#5987c6>Investment Features page</A>.</FONT></div></TD>
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<div><FONT face=calibri color=#eeeeee size=3><B>What We're Reading</B></FONT><BR><BR><FONT face=calibri size=2><FONT color=#cccccc>Questioning neoclassical economics has recently become acceptable for a limited few reporters and opinion-makers in major publications, but the American financial media has (for the most part) missed this trend. Paul Ferrel broke business media’s silence in the June 12th <I>Wall Street Journal</I>.</FONT></FONT></div>
<div><I><FONT face=calibri size=2><FONT face=calibri size=2><FONT face=calibri color=#5987c6 size=2><A style="TEXT-DECORATION: none" href="http://www.capitalinstitute.org/sites/all/modules/civicrm/extern/url.php?u=5596&qid=120176" target=_blank rel=nofollow></FONT><FONT color=#5987c6>Myth of Perpetual Growth is killing America by Paul Ferrel </A></FONT></FONT></FONT></I></div>
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<div><FONT face=calibri size=2><FONT face=calibri color=#eeeeee size=3><B>Comment of the Week</B></FONT></FONT></div>
<div><FONT face=calibri size=2><FONT face=calibri size=2><FONT color=#cccccc>“We need a Carbon Tax, not Cap and Trade, and no doubt we need an FTT, not lawyered-up Dodd Frank. Is there a pathway to either becoming viable in time to prevent the carbon and credit bombs from detonating? Not a rhetorical question.”<BR><BR>- Walter Borden, <A style="TEXT-DECORATION: none" href="http://www.capitalinstitute.org/sites/all/modules/civicrm/extern/url.php?u=5591&qid=120176" target=_blank rel=nofollow></I></FONT><FONT color=#5987c6><I>Global Financial Crisis: How Many Wake-Up Calls Do We Need?</A></FONT></FONT></FONT></div>
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<div><FONT face=calibri size=2><FONT face=calibri color=#eeeeee size=3><B>Quote of the Week</B></FONT></FONT></div>
<div><FONT face=calibri size=2><FONT face=calibri size=2><FONT color=#cccccc>“Freedom is not worth having if it does not include the freedom to make mistakes.”</FONT></FONT></FONT></div>
<div><FONT face=calibri size=2><FONT face=calibri size=2><FONT color=#cccccc>- Mahatma Ghandi</FONT></FONT></FONT></div><FONT face=calibri size=2><BR><BR><FONT face=calibri size=2><FONT face=calibri size=2><FONT face=calibri size=2><FONT color=#5987c6><FONT color=#5987c6><FONT face=calibri color=#cccccc size=2><A style="TEXT-DECORATION: none" href="http://www.capitalinstitute.org/sites/all/modules/civicrm/extern/url.php?u=5597&qid=120176" target=_blank rel=nofollow></FONT></FONT></FONT></FONT><FONT face=calibri color=#cccccc size=2><FONT size=+0><FONT face=calibri color=#cccccc size=2><FONT size=+0><BR></A></FONT></FONT></FONT></FONT></FONT></FONT></FONT>
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