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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, 16 July 2012, 22:30<BR><B><SPAN style="FONT-WEIGHT: bold">Subject:</SPAN></B> Off-Grid Financing<BR></FONT></DIV><WBR>
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<TD style="BACKGROUND-REPEAT: repeat" bgColor=#f2f4f6 colSpan=2><A href="http://www.capitalinstitute.org/sites/all/modules/civicrm/extern/url.php?u=5620&qid=125099" target=_blank rel=nofollow><IMG src="http://www.capitalinstitute.org/sites/capitalinstitute.org/files/images/logo.preview.png" width=590></A></TD></TR>
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<div><FONT class=yiv1269465817Apple-style-span face=calibri color=#111111><SPAN class=yiv1269465817Apple-style-span style="FONT-SIZE: x-large"><B>Off-Grid Financing</B></SPAN></FONT><FONT face=calibri color=#333333 size=2><BR><BR>The ramifications of the Libor scandal--what Warren Buffett glibly called a can of worms that affects the whole world--grow by the day. Criminal indictments of individuals, even if firms are too big to indict, appear to be in the making as the tsunami’s shock waves are about to spread to many of the usual suspects. One can only imagine the trial lawyers licking their chops. Has there ever been a class action lawsuit on behalf of the whole world?<BR><BR>Central bankers and regulators, understandably panicked at the height of the crisis, may have been complicit in some of the distortions in an effort to create the pretense of financial system stability. However, like the so-called “war on terror,” we
find the war on financial system collapse is filled with ends-justifying-the-means moral and legal questions.<BR></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=5649&qid=125099" target=_blank rel=nofollow></FONT><FONT color=#5987c6>The Future of Finance</A></FONT>.</div></TD></TR>
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<div><FONT class=yiv1269465817Apple-style-span face=calibri color=#111111><SPAN class=yiv1269465817Apple-style-span style="FONT-SIZE: x-large"><B>Evergreen Cooperatives Launch New Website and Are Featured in Brancaccio Documentary </B></SPAN></FONT><FONT face=calibri color=#333333 size=2><BR></FONT></div>
<div><FONT face=calibri color=#333333 size=2>The Evergreen Cooperatives, the subject of a </FONT><FONT face=calibri color=#333333 size=2><A style="TEXT-DECORATION: none" href="http://www.capitalinstitute.org/sites/all/modules/civicrm/extern/url.php?u=5634&qid=125099" target=_blank rel=nofollow></FONT><FONT color=#5987c6>Capital Institute Field Guide to Investing in a Resilient Economy</A></FONT><FONT face=calibri color=#333333 size=2> study published last year, are profiled, along with other community-wealth-building projects, in the newly revised documentary <I>Fixing the Future</I> by David Brancaccio. To attend one of the screenings that will be held in many American cities on July 18th and 19th visit this</FONT><FONT face=calibri color=#333333 size=2><A style="TEXT-DECORATION: none" href="http://www.capitalinstitute.org/sites/all/modules/civicrm/extern/url.php?u=5635&qid=125099" target=_blank rel=nofollow></FONT><FONT color=#5987c6>
site</A></FONT><FONT face=calibri color=#333333 size=2>. Also pay a visit to The Evergreen Cooperatives’s enhanced </FONT><FONT face=calibri color=#333333 size=2><A style="TEXT-DECORATION: none" href="http://www.capitalinstitute.org/sites/all/modules/civicrm/extern/url.php?u=5636&qid=125099" target=_blank rel=nofollow></FONT><FONT color=#5987c6>website</A></FONT><FONT face=calibri color=#333333 size=2> featuring videos and the latest Evergreen news. </FONT></div>
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<div><FONT class=yiv1269465817Apple-style-span face=calibri color=#111111><SPAN class=yiv1269465817Apple-style-span style="FONT-SIZE: x-large"><B>Another Summer Visit to the Capital Institute Archives</B></SPAN></FONT></div>
<div><FONT face=calibri color=#333333 size=2>In June 2010 we posted a </FONT><FONT face=calibri color=#333333 size=2><A style="TEXT-DECORATION: none" href="http://www.capitalinstitute.org/sites/all/modules/civicrm/extern/url.php?u=5624&qid=125099" target=_blank rel=nofollow></FONT><FONT color=#5987c6>pr</A></FONT><FONT face=calibri color=#333333 size=2><A style="TEXT-DECORATION: none" href="http://www.capitalinstitute.org/sites/all/modules/civicrm/extern/url.php?u=5637&qid=125099" target=_blank rel=nofollow></FONT><FONT color=#5987c6>ofile</A></FONT><FONT face=calibri color=#333333 size=2> with More for Mission’s then director Lisa Hagerman to find out how the organization, launched in 2007 by the Annie E. Casey Foundation, the Meyer Memorial Trust and the F.B. Heron Foundation, was working to help foundations better align their investments with their underlying mission.<BR><BR>Since we posted our profile in June 2010, the organization grew to
a total membership of 96 foundations. In May 2012 M4M and Program Related Investment Makers Network (PRI) combined to form the Mission Investors Exchange.<BR><BR>The merger of the PRI Makers Network and More for Mission was the end result of a long-standing relationship between the two organizations that were initially focused on different areas of the mission-investment spectrum. <BR></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=5638&qid=125099" target=_blank rel=nofollow></FONT><FONT color=#5987c6>This Week at Capital Institute</A>.</FONT></div>
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<div><FONT class=yiv1269465817Apple-style-span face=calibri color=#111111><SPAN class=yiv1269465817Apple-style-span style="FONT-SIZE: x-large"><B>John on GritTV</B></SPAN></FONT></div>
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<div><FONT face=calibri color=#333333 size=2>Laura Flanders’s interview with John Fullerton on making finance safe for the planet went live online last week. In it, Flanders asks penetrating questions about the Newtonian groundings of neoclassical economics and finance, reaching full employment without economic growth, and the role of dematerialization in a sustainable economy. John’s responses detail the underlying theme of Capital Institute’s work: structuring a financial system that helps us stay within biophysical limits and puts us on a path toward a fairer distribution of wealth.<BR><BR>The video has since been distributed on </FONT><FONT face=calibri color=#333333 size=2><A style="TEXT-DECORATION: none" href="http://www.capitalinstitute.org/sites/all/modules/civicrm/extern/url.php?u=5644&qid=125099" target=_blank rel=nofollow></FONT><FONT color=#5987c6>Laura Flanders’s site</A></FONT><FONT face=calibri color=#333333 size=2>
as well as numerous other outlets including </FONT><FONT face=calibri color=#333333 size=2><A style="TEXT-DECORATION: none" href="http://www.capitalinstitute.org/sites/all/modules/civicrm/extern/url.php?u=5645&qid=125099" target=_blank rel=nofollow></FONT><FONT color=#5987c6>CurrentTV</A></FONT><FONT face=calibri color=#333333 size=2>, </FONT><FONT face=calibri color=#333333 size=2><A style="TEXT-DECORATION: none" href="http://www.capitalinstitute.org/sites/all/modules/civicrm/extern/url.php?u=5646&qid=125099" target=_blank rel=nofollow></FONT><FONT color=#5987c6>The Nation</A></FONT><FONT face=calibri color=#333333 size=2>, and </FONT><FONT face=calibri color=#333333 size=2><A style="TEXT-DECORATION: none" href="http://www.capitalinstitute.org/sites/all/modules/civicrm/extern/url.php?u=5647&qid=125099" target=_blank rel=nofollow></FONT><FONT color=#5987c6>Truthout</A></FONT><FONT face=calibri color=#333333 size=2>.<BR><BR>Watch the video at
</FONT><FONT face=calibri color=#333333 size=2><A style="TEXT-DECORATION: none" href="http://www.capitalinstitute.org/sites/all/modules/civicrm/extern/url.php?u=5648&qid=125099" target=_blank rel=nofollow></FONT><FONT color=#5987c6>This Week at Capital Institute</A></FONT><FONT face=calibri color=#333333 size=2>.<BR></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>One-third of all counties in the United States are part of a USDA declared natural disaster area, but almost no one in political office is willing to say why: climate change. An article from The Atlantic outlines all the facts.</FONT></FONT></div>
<div><I><FONT face=calibri color=#333333 size=2><A style="TEXT-DECORATION: none" href="http://www.capitalinstitute.org/sites/all/modules/civicrm/extern/url.php?u=5642&qid=125099" target=_blank rel=nofollow></FONT><FONT color=#5987c6>U.S. Declares the Largest Natural Disaster Area Ever Due to Drought</A></FONT></I><FONT face=calibri size=2><FONT color=#cccccc><BR><BR></FONT></FONT></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><FONT face=calibri size=2><FONT face=calibri size=2><FONT color=#cccccc>"[A] consequence for any complex system is that entropy increases whenever the folly of our hubris in thinking we are in control becomes evident.<I>"</I></FONT></FONT></FONT></FONT></FONT><FONT face=calibri size=2><FONT face=calibri size=2><FONT color=#cccccc><FONT face=calibri size=2><FONT face=calibri size=2><FONT color=#cccccc><I><BR></I><BR>-Geoff Chesshire, </FONT></FONT></FONT></FONT></FONT><FONT face=calibri color=#333333 size=2><A style="TEXT-DECORATION: none" href="http://www.capitalinstitute.org/sites/all/modules/civicrm/extern/url.php?u=5622&qid=125099" target=_blank rel=nofollow></I></FONT><FONT color=#5987c6> <I>Economics as if the Laws of Thermodynamics Mattered</A></FONT><FONT face=calibri size=2><FONT face=calibri size=2><FONT color=#cccccc><A style="TEXT-DECORATION: none" href=""
rel=nofollow></I></FONT><FONT color=#5987c6><I> <BR></A></FONT></FONT></FONT></FONT></FONT></div>
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<div><FONT face=calibri size=2><FONT face=calibri size=2><FONT color=#cccccc><FONT face=calibri size=2><FONT face=calibri size=2><FONT face=calibri size=2><FONT face=calibri size=2><FONT color=#cccccc><FONT face=calibri size=2><FONT face=calibri size=2><FONT face=calibri size=2><FONT face=calibri color=#eeeeee size=3><B>Quote of the Week</B></FONT></FONT></FONT></FONT></FONT></FONT></FONT></FONT></FONT></FONT></FONT></FONT></div>
<div><FONT face=calibri size=2><FONT face=calibri size=2><FONT color=#cccccc>“How do we appreciate the good without letting it be the enemy of the perfect? How do we keep a step in the right direction from becoming a stopping point? How do we get beyond shades of insipid light green?”<BR><BR>-Donella Meadows</FONT></FONT></FONT></div>
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