Global Interdependence Center in the News!

The Global Interdependence Center is delighted to share GIC’s press coverage of its events and programs. On this page
you will see what GIC has been working on based on information gathered by a multitude of media outlets. As events are
covered in the media, we will place links to the articles below. If you are a member of the media and are interested in
receiving press releases for upcoming events, please email your request to Jillian Fornito, Assistant Director at jfornito@interdependence.org.

June 17, 2010 “Payment for Political Peace”
GIC Member, Jim Lucier, Capital Alpha Partners featured on CNBC. BP has bought political peace with the Obama
administration for now, James Lucier from Capital Alpha Partners told CNBC Thursday. It is some degree of closure,
but if BP can’t cap the well, the company will be in trouble again, Lucier said. Tai Hui from Standard Chartered Bank also
discusses the Japanese government’s decision for a debate on taxes.

http://www.cnbc.com/id/15840232?video=1524032602&play=1

March 3, 2010 “Financial Interdependence in the World’s Post-Crisis Capital Markets”
Press Release

Reuters: Fed’s Rosengren endorses contingent capital idea
http://blogs.reuters.com/financial-regulatory-forum/2010/03/03/feds-rosengren-endorses-contingent-capital-idea/

Philadelphia Inquirer: What lessons has the U.S. learned from the financial crisis?
http://www.philly.com/philly/blogs/phillyinc/

Wall Street Journal: Fed's Rosengren: Fed Didn't Have Expertise In Insurers
http://online.wsj.com/article/BT-CO-20100303-708777.html

Boston Globe: Boston Fed chief makes case for a bigger central bank role
http://www.boston.com/business/articles/2010/03/04/boston_fed_chief_makes_case_for_a_bigger_central_bank_role/

Reuters: Fed's Rosengren: Low interest rates appropriate now
http://news.yahoo.com/s/nm/20100303/bs_nm/us_usa_fed_rosengren

January 2010 China and Hong Kong
News release

Conference Media Links – January 11, 2010


Reuters
http://www.reuters.com/article/idUSTRE6054FV20100111

Washington Post
http://www.washingtonpost.com/wp-dyn/content/article/2010/01/11/AR2010011100232.html

President Bullard’s CNBC Interview
http://www.cnbc.com/id/15840232?video=1383248561&play=1

Fudan School of Management
http://www.fdsm.fudan.edu.cn/En/aboutus/ShowNews.aspx?InfoGuid=c39ef8c1-142a-46a0-9ada-1394709a8934

St. Louis Fed Newsroom
http://www.stlouisfed.org/newsroom/displayNews.cfm?article=589

Vocus/PRWeb
http://www.prweb.com/releases/stlouisfed/jamesbullard/prweb3430844.htm

November 19th 2009 - Singapore

The Global Interdependence Center (GIC) will continue its cycle of five conferences on five continents entitled, Food and Water - Basic Challenges to International Stability, to address the critical issues of food and water security. 
Please see the press release for details

Interview with President Plosser (CNBC Asia)
http://www.cnbc.com/id/15840232?video=1336943162&play=1

Fed's Plosser: Price Stability Key To Financial Stability (WSJ)
http://online.wsj.com/article/BT-CO-20091119-700171.html

Fed's Plosser: Policy shouldn't tackle energy prices (Reuters)
http://www.reuters.com/article/ousivMolt/idUSTRE5AI0UG20091119

Plosser Just as Concerned on Deflation (Reuters)
http://www.reuters.com/article/gc04/idUSTRE5AI16420091119

Fed's Plosser Central banks should set inflation targets (MarketWatch)
http://www.marketwatch.com/story/plosser-advocates-formal-inflation-targets-2009-11-19

Plosser ‘Less Fearful’ of Another U.S. Recession (Update1) (Bloomberg)
http://www.bloomberg.com/apps/news?pid=20601068&sid=aUKH1Q4QYCCU

Fed's Plosser: Dollar's Slide Expected (RTT News)
http://www.rttnews.com/ArticleView.aspx?Id=1135300

Fed Plosser: Dollar Slide Not Surprising, Reflects End Of Panic (WSJ)
http://online.wsj.com/article/BT-CO-20091119-700671.html

Fed’s Plosser Says Inflation Target Helps Anchor Expectations (Bloomberg)
http://www.bloomberg.com/apps/news?pid=20601068&sid=anoUnjpBaTpw

Fed's Plosser: Price Stability Key To Financial Stability (WSJ)
http://online.wsj.com/article/BT-CO-20091119-700171.html#articleTabs%3Darticle

Hanoi, Singapore, Shanghai, Hong Kong & GIC (Cumberland Advisors)
http://www.cumber.com/commentary.aspx?file=090309.asp

Good Morning, Vietnam! (ritholtz.com)
http://www.ritholtz.com/blog/2009/11/good-morning-vietnam/

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October 30, 2009

H.E. Gary Doer, Ambassador of Canada

http://online.wsj.com/article/BT-CO-20091030-717638.html

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October 7, 2009

GIC and PCBE Welcome John Silvia, Chief Economist, Wells Fargo Securities & Sara Banaszak, Senior Economist, American Petroleum Institute (API)

http://maritimenews.info/freight-news/api-economist-rising-oil-stocks-don-t-mean-a-reduction-2/
http://www.advfn.com/news_API-Economist-Rising-Oil-Inventories-Dont-Mean-Prices-To-Drop_39803605.html

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August 18, 2009
GIC Welcomes Chief Economist of Ford Motor Company, Ellen Hughes-Cromwick

http://www.philly.com/philly/business/20090819_Ford_says_it_s_ready_for_Chinese_competition.html
http://maryandmoney.com/videos/ford-chief-economist-ellen-hughes-cromwick/
http://money.cnn.com/news/newsfeeds/articles/djf500/200908181412DOWJONESDJONLINE000281_FORTUNE5.htm

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July 22, 2009

GIC Presents Christian Noyer, Governor, Banque de France, with the Global Citizen Award at 24th Annual Black-Tie Gala

http://www.forbes.com/finance/eventcalendar/EconomicEvent.jhtml?param_eventid=2328559
http://www.fxstreet.com/news/forex-news/article.aspx?StoryId=d161086e-01fd-4829-a9c1-9e6687a50bf4
http://www.theaustralian.news.com.au/business/story/0,28124,25823208-643,00.html
http://globalfinanceadvertising.com/latestnews/latest-news.html?newsid=3444895.0

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June 30, 2009
Dr. James Bullard, President of the Federal Reserve Bank of St. Louis
In his presentation, Dr. Bullard discussed possible exit strategies for the Federal Reserve Banks. After discussing the pros and cons to three different strategies, he concluded by showing that he favored the idea that in order for the Fed to reduce its balance sheets, the most effective option would be to sell assets as they deem appropriate.

http://www.cnbc.com/id/31666028/for/cnbc/
http://www.newsdaily.com/stories/tre55t56b-us-usa-fed-bullard/
http://www.forextv.com/Forex/News/ShowStory.jsp?seq=993234&category=
http://www.cnbc.com/id/31669692/site/14081545/for/cnbc/
http://www.philly.com/philly/blogs/phillyinc/49550812.html

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June 12, 2009

The Business Forum for Liberia: Exploring Economic Growth, Private Enterprise, & Job Creation

The Global Interdependence Center, the Government of the Republic of  Liberia through its Embassy in Washington, DC.,  in partnership with the City of Philadelphia Mayor’s Commission on African and Caribbean Immigrant Affairs, the Overseas Private Investment Corporation (OPIC), the U.S. Department of Commerce, the United States Agency for International Development (USAID), and other participating sponsors held a business forum with the goal of addressing strategic initiatives instituted by the Liberian government to develop a vibrant private sector whereby small and mid-sized businesses would operate as the driving force to create jobs and expand economic activities. 

http://theliberiantimes.com/blogs/index.php?blog=1&m=20090518
http://www.themonitor.com.lr/story.php?record_id=1478&sub=14

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May 19, 2009

GIC Welcomes John Murray, Deputy Governor, Bank of Canada for "Unconventional Monetary Policy Measures and the Zero-Bound: Differing International Approaches and Critical Considerations."

John Murray, Deputy Governor of the Bank of Canada gave a presentation highlighting the idea that unconventional monetary policies are not as risky as initially thought, and given the unprecedented economic conditions, these policies can induce positive economic reactions.

http://www.investmentexecutive.com/client/En/News/DetailNews.asp?Id=49404&cat=8&IdSection=8&PageMem=2&nbNews=&IdPub=

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April 30, 2009
The 27th Annual Monetary and Trade Conference: The Financial System, Banks & Economy: After the Storm…Where Are We Now?

GIC held a half-day conference to discuss where financial institutions and the economy stood post traumatic economic conditions that crippled the economy. The keynote speaker for the event was William Poole, Senior Fellow, Cato Institute and Former President of the Federal Reserve Bank of St. Louis. Other speakers for the conference included David Kotok, GIC program chair, Chris Whalen, Managing Director of Institutional Risk Analytics, Nancy A. Bush, CFA, NAB Research, LLC, Barry Ritholtz, CEO, Director of Equity Research at Fusion IQ, Bob Eisenbeis, Chief Monetary Economist, Cumberland Advisors, and Diane Swonk, Chief Economist, Mesirow Financial.

http://www.philly.com/philly/business/44116392.html
http://www.nytimes.com/2009/05/02/business/02nocera.html?_r=2&scp=1&sq=global%20interdependence%20center&st=cse
http://www.marketwatch.com/story/economists-bank-creditors-need-new-approach?dist=msr_1
http://www.nasdaq.com/aspx/stock-market-news-story.aspx?storyid=200904301318dowjonesdjonline000858&title=too-big-to-failneeds-market-solutionformer-fed-president-poole

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March 24-26, 2009
Global Interdependence Center 2009 International Conference Series
Food and Water – Basic Challenges to International Stability- Part II Paris, France,

GIC was proud to partner with the Banque de France for the European leg of this series. The morning of March 25th, GIC held a private roundtable featuring John Silvia, Chief Economist, Wachovia Bank, Dr. Paul Jensen of Drexel University’s LeBow College of Business, Hubert Fromlet, Chief Economist, Swedbank, J. Paul Horne, Independent International Market Economist, Julian Callow, Chief European Economist, Barclays Capital followed by a dinner cruise on the River Seine with keynote speaker Mike Horn, Chairman of the Federal Home Loan Bank of New York. March 26th was a full day program at the BDF with featured speakers BDF Governor Christian Noyer, Atlanta Federal Reserve Bank President Dennis Lockhart, among others.

http://www.reuters.com/article/topnews/idUSTRE52P1RG20090326

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February 5, 2009
Global Interdependence Center 2009 International Conference Series
Food and Water – Basic Challenges to International Stability-Part I- Philadelphia,

This half day conference was held at the Philadelphia Federal Reserve Bank in partnership with the CFA Society of Philadelphia. This focused on the food price inflation crisis as it pertains to investment in sectors tied to food and water, and the geopolitical ramifications of increased cost and decreased supply. Speakers included Congressman Frank LoBiondo (R-NJ 2nd District) and Congressman Robert Andrews (D-NJ 1st District) both members of the Armed Services Committee, Paul Walsh, Founder and Principal Consultant of G2 Weather Intelligence, Jim McTague, Washington Editor of Barron’s, George Friedman, CEO of STRATFOR, Matt Hougan, Editor of IndexUniverse.com and ETFR, Gerry Sweeney Portfolio Manager for Aqua Terra, Sean Egan of Egan-Jones Ratings, and David Kotok, GIC Program Chair and CIO, Cumberland Advisors.

http://www.philly.com/philly/blogs/phillyinc/38727892.html

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December 18, 2008
GIC Presents Martin Feldstein with the Frederick Heldring Award for Global Leadership

On December 18th The Global Interdependence Center presented Martin Feldstein with the Frederick Heldring Award for Global Leadership. Martin Feldstein is the is the George F. Baker Professor of Economics at Harvard University and President Emeritus of the National Bureau of Economic Research. In addition to serving as President and CEO of the NBER, throughout his prestigious career, Dr. Feldstein has been Chairman of the Council of Economic Advisers, President Reagan's Chief Economic Advisers, and President of the American Economic Association.

http://www.philly.com/philly/blogs/phillyinc/Feldstein_to_receive_Frederick_Heldring_Award_in_Philadelphia.html

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November 18, 2008
CENTRAL BANKERS SERIES- The Chilean Economy in the 21st Century featuring José De Gregorio Governor of the Central Bank of Chile

In conjunction with the Embassy of Chile, and the weeklong “Viva Chile in Philadelphia” celebration, GIC welcomed Jose De Gregorio, Governor of the Central Bank of Chile. Governor De Gregorio’s presentation entitled “The Chilean Economy in the Current Global Financial Crisis” highlighted not only the resiliency of the Chilean economy, but the important economic ties between his nation and the Philadelphia region. In particular, he noted that 65% of Chilean fruit imported to the United States arrives through the Delaware River port, and is responsible for some 8,000 jobs in the region.

http://www.philly.com/philly/blogs/inq-phillydeals/34822679.html
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aQpLhucpwYbw

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November 3-4, 2008
GIC Travels Abroad in Israel

On November 3-4, GIC held its first conference in the Middle East. The two day conference was held in partnership with Hebrew University and featured Jeffrey Lacker, President of the Richmond Federal Reserve Bank, and Zvi Eckstein, Deputy Governor of the Bank of Israel. Other presentations focused on Israel’s high tech industry and included a private tour of the new Intel facility.

http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aVzVlDOXzl4w
http://www.jewishexponent.com/article/16846/

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July 16, 2008
GIC Annual Black Tie Gala 2008

The Annual Black Tie Gala held at the Four Seasons celebrated Ireland’s story of success through its Free Trade policies and its commitment to global interdependence. Dr. Edward G. Boehne was honored with the Global Citizen Award for his commitment to being a strong advocate of GIC’s efforts to pursue the globalization of our world-wide communities through increased knowledge, understanding and partnership.

http://www.philly.com/philly/blogs/phillyinc/36401099.html
http://www.philly.com/philly/blogs/phillyinc/34764469.html

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April 18, 2008
The 26th Annual Monetary and Trade Conference

The Global Interdependence Center was proud to partner with Drexel University's LeBow College of Business for the 26th Annual Monetary and Trade Conference. The Center assembled a stellar line up of speakers, including noted economists, journalists, and investors.

http://www.reuters.com/article/gc06/idUSN1845613820080418

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March 27-28, 2008
GIC Abroad: Cape Town, South Africa

On March 27th and 28th, GIC partnered with the University of Cape Town for a conference entitled "Monetary Policy in Sub Saharan Africa: Practice and Promise." GIC's delegation included Charles Plosser, President of the Federal Reserve Bank of Philadelphia, who held a joint presentation on global monetary policy with Jurgen Stark, member of European Central Bank's Executive Board. The conference was held at the Mount Nelson Hotel in Cape Town and was generously sponsored by Absa Capital.

http://www.reuters.com/article/businessNews/idUSJAT00355820080328

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January 17th, 2008
Richard W. Fisher, President Federal Reserve Bank of Dallas

GIC was honored to host Richard W. Fisher, full voting member of the FOMC and President of the Federal Reserve Bank of Dallas.  President Fisher met with a student roundtable at Drexel University, including representatives from Drexel University’s LeBow College of Business, University of Pennsylvania’s Wharton School, and Temple University’s Fox Business School.  This event was followed by a luncheon meeting at the Philadelphia Federal Reserve Bank, where President Fisher presented his thoughts on monetary policy, followed by a lively discussion on issues ranging from global markets to immigration.  

http://www.reuters.com/article/businessNews/idUSN1765312720080117

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July 19, 2007
Dr. Michael H. Moskow, President of the Federal Reserve Bank of Chicago

Dr. Moskow, in one of his last public speeches as President of the Federal Reserve Bank of Chicago, discussed housing prices, as well as the pros and cons of globalization.

http://www.reuters.com/article/bondsNews/idUSCHB00033020070719

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March 2-5, 2007
GIC Abroad: Santiago, Chile - Strategic Partners in Business & Trade

Delegation accompanied by Christian Noyer, Governor of the Banque de France, Bill Poole, President of the Federal Reserve Bank of St. Louis, Harvey Rosenblum, Executive Vice President and Director of Research at the Federal Reserve Bank of Dallas . Delegation hosted by Vittorio Corbo, Chairman of the Board of the Central Bank of Chile and the Universidad Adolfo.

http://www.reuters.com/article/bondsNews/idUSWBT00664020070305