Thursday, February 2, 2012

Shocking collapse of world economy warned is underway

Formally known as the Federal Reserve Wire Network, Fedwire is a Real Time Gross Settlement Funds Transfer system operated by the United States Federal Reserve Banks that enables financial institutions to electronically transfer funds between its more than 9,289 participants (as of March 19, 2009).[1] In conjunction with the privately held Clearing House Interbank Payments System (CHIPS), Fedwire is the primary United States network for large-value or time-critical domestic and international payments, and it is designed to be highly resilient and redundant. The average daily value of transfers over the Fedwire Funds Service in 2007 was approximately $2.7 trillion, and the daily average number of payments was about 537,000.[2] 2009 figures show a value of 631 trillion dollars in transfers originated in Fedwire.
But George Soros is not the only one issuing these kinds of warnings.

Once again, the head of the IMF, Christine Lagarde, has made a speech in which she openly warned that we are heading for a repeat of the "1930s".

She told an audience in Berlin on Monday that the globe is facing "a 1930s moment, in which inaction, insularity and rigid ideology combine to cause a collapse in global demand".
Baker & McKenzie is one of the world's largest law firms. In FY05 their fee income was US$1.352 billion and they employ 3,300 attorneys. [1]

In 2005 "Approximately 70 partners and other legal staff from Coudert Brothers joined our Firm in New York, more than doubling the size of our existing New York office. For the first time, we are listed as one of New York's largest law firms in the New York Law Journal's annual NYLJ 100." [2]

Chairman of the Executive Committee - John Conroy (Baker & McKenzie)

Executive Committee
David Hackett, Chicago
Nicholas Coward, Washington DC
Russell Lewin, London
Andres Ochoa-Bunsowv, Monterrey
Eric Lasry, Paris
Poh Lee Tan, Hong Kong
David Jacobs, Sydney
International Executive Management

Craig Courter, Chief Operating Officer
Robert S. Spencer, Chief Financial Officer
Sue Hall, Chief Technology Officer
Edward Zulkey, General Counsel
William J. Linklater, Director of Professional Responsibility, Of Counsel
Hilda Soo, Director of Strategy Implementation
Greg Walters, Director of Professional Development
David Tabolt, Director of Marketing
Rob Gijsen, Director of Business Development
Judith Green, Chief Global Press Officer
Jason Marty, Director of Knowledge Management

International Executive Offices
One Prudential Plaza, Suite 2500
Chicago, Illinois 60601, USA
Tel: +1 312 861 8800
Fax: +1 312 861 8823

Related SourceWatch
Claes Cronstedt

During the speech she called for a trillion more dollars to support financially troubled governments, and she made the following statement....

Claes Cronstedt

"There is an increasing call to hold companies legally accountable for violations of international crimes. This, together with the increase in the number of crimes under international law, has created uncertainty as regards the conditions under which companies can be held legally accountable. The academics can guide businesses, investors, governments, the UN and NGO’s to understand when businesses have, and have not, crossed the border and become violators or participants of international crimes. The Globe Award (link) for researchers is a significant pillar in this regard and will help us to create a more responsible world”.
Richard L. Plepler "is executive vice president for Home Box Office. Home Box Office, Inc., is the premium television-programming subsidiary of Time Warner Inc., providing two 24-hour premium television services, HBO and Cinemax. Together, both networks reach approximately 40 million subscribers in the United States via cable and satellite delivery. Home Box Office's international joint ventures bring HBO branded services to more than 50 countries around the globe.

"Plepler serves on the boards of Phoenix House, the nation’s largest drug treatment center, New York Outward Bound and the Nixon Center, a foreign policy think tank based in Washington D.C. He is a member of the Board of Trustees of The Washington Institute for Near East Policy and is a member of the Council on Foreign Relations, where he serves on the Chairman’s Advisory Council. He is on the Corporate Advisory Board of the Global Business Coalition on HIV/AIDS, on the National Advisory Board of the W.E.B. DuBois Institute for African and African American Research at Harvard University, and is a member of the Dean’s Council of the Kennedy School of Government at Harvard." [1]

In 2007 Time Warner named Plepler a co-president of HBO. "Plepler who joined HBO in 1992, was named executive VP of HBO, charged with creative aspects of the company, in 2002."
Excerpt:The Hedge Fund Ties that Bind Bewkes and Zakaria
Published: August 22, 2010 @ 7:13 pmPost a CommentPrint this page 0
inShare.By Johnnie L. Roberts
Time Warner CEO Jeff Bewkes and his new symbol of corporate synergy, star journalist Fareed Zakaria, are more than friendly fellow travelers of elite circles that stretch from the Yale trustee board to the Council on Foreign Relations.

According to a senior company executive close to both, Bewkes and HBO co-president Richard Plepler once sought Zakaria's help in investing in a hedge fund founded by the journalist’s brother, Arshad (pictured, left).

Little more is known about the investment. Sternly declining to trouble Bewkes with questions about the investment, a Time Warner spokesman described it as strictly private.

"That's an inappropriate question and none of his business," Plepler, who was traveling in Italy over the weekend, replied to an emailed query about the investment.

Bewkes was instrumental in bringing Fareed Zakaria to Time Warner's CNN two years ago to headline "Fareed Zakaria GPS," a Sunday news talk show. And the Time Warner CEO and Plepler played pivotal roles last week in expanding the journalist's presence across the media company, including writing for Time magazine and consulting on HBO documentaries.

Arshad Zakaria is CEO of New Vernon Capital, an asset management firm he founded in 2004. The New Jersey-based firm, which reportedly manages $3 billion in assets, runs private equity and hedge funds that focus on emerging markets, particularly India. The 48-year-old was a rising Wall Street star and 16-year Merrill Lynch veteran until he fell victim to a bout of corporate political intrigue at the firm in 2003.
Fatima Zakaria (Hindi/Konkani: फ़ातिमा ज़कारिया) was an editor of the Mumbai Times and is now the editor of the Taj magazine of the Taj Hotels.[1] Her office is in the Taj Mahal Hotel in Mumbai. She is the widow of Rafiq Zakaria, who was an Indian politician and Islamic scholar. She is the mother of four children: The Elder, Tasneem Zakaria Mehta, famous art historian and writer, living in Mumbai, the second, Mansoor Zakaria, the third, Arshad Zakaria, who has been an executive vice president of Merrill Lynch[2] and now runs a hedge fund, and the youngest Fareed Zakaria who is an editor of Newsweek and an anchor on CNN and an Alumni Fellow of Yale College,.[3]

Rafiq Zakaria established The Maulana Azad Education Trust in the historic city of Aurangabad Maharashtra India. It was his Assembly Constituency from where he got elected for quite times and served as a Minister in the State cabinet. Fatima transformed those educational institutions in Aurangabad to such an extent that they can be compared with the best centres of learning in Asia.

Zakaria joined the Taj Group of Hotels to establish the first rate five star Hotel, The Taj Residency, on the campus of The Maulana Azad Education Trust in Aurangabad. She became editor of the coffee table magazine Taj.[1] Thereafter, she introduced a Hotel Management Course in alliance with a British University. The Course is acknowledged as the finest and most respected in India.

She is in the process of establishing a Centre for Higher Learning on the lines Centre for Advanced Studies, Shimla. It will become functional from June 2010 and will help genuine scholars and academicians to carry on research activities. The upcoming Centre will also launch two research journals, one for Social Sciences and the other for Natural and Exact Sciences. Zakaria, is regarded as a secularist, however she takes special care to cater to the educational needs of the Muslims. The award Padma Shri was conferred on her by the Government of India. (i found this as I was logging off and thought it rather interesting as I didn't know that organc farms owned sourcewatch)

1 comment:

  1. If you need your ex-girlfriend or ex-boyfriend to come crawling back to you on their knees (no matter why you broke up) you must watch this video
    right away...

    (VIDEO) Why your ex will NEVER come back...