Risk Rap

Rapping About a World at Risk

Hunger Banquet

St. John’s Memorial Church
Ramsey, New Jersey
Invites you to attend a
Hunger Banquet
On
Friday, January 16th
7:00 to 9:00 p.m.

What is a Hunger Banquet?

A Hunger Banquet is an interactive educational activity that dramatizes the inequality that perpetuates poverty in the world. Guests are assigned roles as they enter, representing different income levels around the world. What each person receives for dinner depends on the role they are playing. The banquet presents an opportunity for people to see and feel the effects of poverty and to work together to generate solutions.

Why Should We Hold a Hunger Banquet?

Poverty has many faces. Unfortunately, many of them are children’s. According to NetAid, approximately 850 million people worldwide are undernourished. This constitutes 14% of the world’s population. Over 95% of these people live in the developing world. Hunger is least likely to be caused by lack of food. Instead hunger is the result of many factors contributing to food insecurity. Some of these factors include disease, access to water and sanitation, health care, distribution of food, politics, and access to resources. One billion people lack a clean water supply and over two billion people lack adequate sanitation. These two factors are major causes of disease, a leading cause of hunger.

Is there a Solution to Chronic Hunger?

There is enough food in the world today for every man, woman and child to lead a healthy and productive life. Over 30 developing countries have managed to reduce hunger by 25% since the early 1990’s. Hygiene measures resulting from access to water and sanitation can significantly reduce the number of hungry and undernourished people as their bodies are better able to process food.

The solution to world hunger requires a global response. Lets be part of the solution.

You Tube Video: Feed The World

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January 15, 2009 Posted by | Millennium Development Goals, poverty | , , , | Leave a comment

G20 Mulls State of the Globe

The leaders representing the largest world economies will sit down this weekend to plot some strategies to deal with the global economic crisis. The challenges confronting this group is extensive and vast. Inflation, deflation, credit markets, energy prices, political stability, capital markets, exchange rates, balance of trade, and the slowing growth of the world economies are problems that will require more then a weekend meeting to solve. The Economist Magazine has some thoughtful insights into the extent and depth of the problems, some possible solutions and potential roadblocks to implementing them.

One point The Economist raised for consideration is the conflict between the global reach of capital market institutions and the national based sovereign regulatory bodies that are responsible for governance and oversight. This glaring challenge came to light last month in the EU when national banking governors were forced to enact national solutions to Pan Euro Zone banking problems. Regulators are concerned that savvy global banking institutions will engage in a type of regulatory arbitrage to skirt national governance laws. The global banking system has surpassed the constraints of national regulatory laws and it is a principal challenge that the G20 must address. Indeed during the height of the credit crisis national regulators were hard pressed to explain why it was in the best interest of the countries taxpayers to bail out foreign banks and to share credit facilities with other central banks repo desks. The supranational nature of our economic and political institutions is a difficult pill for some to swallow. Country Firsters will certainly use this as an opportunity to beat the isolationist and nationalist drum.

This G20 meeting is likened to the Bretton Woods agreement that adopted fixed currency exchange rate and formed the IMF and IDRB. These initiatives foreshadowed the Marshall Plan and were key to the ascendancy of American economic dominance in the post WW2 era. Though many are playing down the similarities of the two events this meeting comes at a time when the American economic colossus has lost its groove and whose preeminence is now being challenged by the EU, China and a slew of Third World confederates that are demanding more equitable distribution of world resource and a chance at sustainable economic development.

The conference is certain to adopt some classic Keynesian solutions to stimulate growth. Indeed the activist interventionist actions the world central bankers have employed to deal with the crisis, like the TARP will become more widespread. This will certainly raise the debate about protecting the sanctity of free market capitalism against the creeping socialism advocated by the proponents of the Keynesian approach to stimulate growth. Here it is necessary to remember that this is not about an ideological debate concerning the righteousness of conservative or liberal political dogmas. The global economic crisis is real and it is creating political instability and economic hardship across the globe. For many in the Third World this crisis has acutely spiked their struggle for survival as the barest subsistence levels are not being met.

As the G20 makes the big decisions to patch the broken world economy we believe that the real business of the G20 should be a careful examination and implementation of the Millennium Development Goals.

The Millennium Development Goals provide an opportunity for the world leaders to unite behind a program that promises to offer the potential of long term sustainable growth, prosperity, peace and a commitment to our shared humanity and respect for life. This I believe is the the real business that the G20 men and women need to address this weekend.

You Tube Video: Charlie Chaplin, Great Dictator Globe Scene

You Tube Music: Bob Marley and the Wailers: One Love/People Get Ready

Risk: global economy, sustainable development, political stability, peace

November 15, 2008 Posted by | Bush, economics, jazz, Millennium Development Goals, politics | , , , , , , , , , | Leave a comment

The Hamilton Plan: Reindustrialization of America

Photograph By Anthony Augustine



Sum2 Announces

The Hamilton Plan:

A Ten Point Program to Develop

Small and Mid-Size Enterprise (SME) Manufactures

Great Falls Festival

Paterson NJ, Labor Day 2008

Sum2 is proud to be participating again in this year’s historic Great Falls Festival and is pleased to announce The Hamilton Plan, a ten point program to develop small and mid-size enterprise (SME) manufactures. The Paterson Great Falls Festival is the perfect opportunity for Sum2 to invite business owners and executives, industry associations, chambers of commerce, banks, capital market participants, labor unions, academia, non-profit organizations and governmental institutions to join forces in a concerted effort to support the reestablishment of the manufacturing infrastructure of the United States.

“Many of the economic, political and cultural challenges confronting the United States can be traced back to the dismantling of our industrial and manufacturing base” stated James McCallum President of Sum2. “Since the 1980’s America’s economic infrastructure has dramatically changed. The evolution of our economy to service oriented businesses has seriously eroded the manufacturing capabilities and industrial capacity of our country. This has produced a decline of higher wage paying jobs, the disincentive to develop innovative manufacturing methods and practices, deteriorating support infrastructure and the impairment of ancillary support businesses.

It’s in the vital national interest for institutions representing business, labor, communities and government cooperate to foster optimal conditions to incubate and develop SME manufactures. The SME segment is the largest most vibrant sector of our economy and by combining the entrepreneurial drive and creative energy of SME’s with our pressing need for innovative manufactures; America can reestablish its ascendancy as a preeminent power in the global economy. Sum2’s Hamilton Plan is designed to encourage the formation of support clusters to develop SME manufacturing.

The Hamilton Plan

1. WBC Standards for Sustainable Business Model
2. Establish Incubators for Targeted Growth Industries
3. Adopt Sound Governance, Risk, Compliance Practices (GRC)
4. Form SME Development Bank / Private Equity Capital Formation Initiatives
5. Partnership Lyceums for Government / Business / Academic Institutions
6. Labor Unions as Preferred Stakeholder / Association Syndication Unions
7. Establish Cooperatives for Technology / Licensing / Commodity / Energy
8. Superfund for Progressive Tax Code / Universal Health & Benefits /
Infrastructure / Brownfield Remediation and Reclamation
9. Expand Public Education Funding & SME COOP Program
10. Support Millennium Development Goals

Historical Significance of Paterson’s Great Falls

Paterson’s Great Falls Festival is an ideal venue to announce the Hamilton Plan. The Friends of the Great Falls website writes that in 1791, Alexander Hamilton and a group of investors created the S.U.M., the Society for Establishing Useful Manufactures, to harness the tremendous power of the Passaic Great Falls. It was the boldest private enterprise ever conceived in the early days of the United States. Hamilton envisioned an industrialized America and the creation of this raceway system was his ambitious example of how corporations could be organized to develop manufacturing on a large scale. With this enterprise, along with the law, finance and incentives he put in place as the nation’s first Secretary of the Treasurer, Hamilton forged the basis of American capitalism. The planned industrialization of this historic place is the realization of the Hamiltonian vision of an industrialized America. This is truly a founding father’s site.

Sum2 Sound Practice Thought Leader

Sum2’s announcement of the Hamilton Plan is in response to the compounding economic and political crisis that is confronting the United States. The credit and energy crisis, inflation pressures, trade deficits, geo-political instabilities, global warming and ecological degradation are the result of long term systemic problems that government and industry has failed to address effectively. Sum2 advocates the adoption of the program to squarely address these pressing issues with the full understanding that it will require the concerted cooperation of all stakeholders to assure the continued development, security and prosperity of America.

Sum2 offers a series of products and services to help SME’s effectively manage risk, improve stakeholder communication, implement effective corporate governance that create sustainable business practices to assure long term profitability and growth.

At last years Great Falls Festival, Sum2 announced its new product series the SMB|360°. Since that announcement the series has expended to include, the Profit|Optimizer and a soon to be announced premium product that that will expand the breath and depth of the SMB|360° product series.

The Profit|Optimizer is a qualitative risk assessment and opportunity discover tool. It assists SME’s to identify and score business vulnerabilities and opportunities. The Profit|Optimizer conducts over 200 assessments encompassing products and markets, business functions and critical success factors. The Profit|Optimizer aggregates assessment scores and presents initiatives on a series of dashboards that allows business managers to decide what action items mitigates the greatest risk and produces the greatest return. Managers can make informed capital allocation decisions to build profitability and maintain business growth.

The Profit|Optimizer demonstrates to shareholders, bankers and other stakeholders that company management are effective risk managers that are committed to practicing corporate governance excellence.

Sum2 also offers the award winning PACO™ (Patriot Act Compliance Officer). PACO™ helps financial services companies comply with the anti-money laundering provision of the Patriot Act.

About Sum2

Sum2 was founded in 2002 to promote the commercial application of sound practice programs. Sum2’s sound practice program addresses risk management, corporate governance, shareholder communications and regulatory compliance. Sum2’s objective is to assist businesses and industries to implement corporate sound practices that add exponential value for stakeholders, employees, customers and to be exemplary citizens within the communities in which they operate and serve.

Sum2 manufactures, aggregates, packages and distributes innovative digital data content products to selected channels and markets.

Music: Billy Joels Allentown

Risk: unemployment, urban decay, global competitiveness, national security, protection of middle class

August 30, 2008 Posted by | Hamilton Plan, manufacturing, pop, recession, SME, Sum2 | , , , , , , , , , , , | 4 Comments

Seven Lost Years

The World Bank ended its spring conference with a clarion call for world leaders to take urgent action to deal with the “Rice Crisis”; the dramatic rise in food prices and the political instability it is causing.

World Bank President, Robert B. Zoellick called for a “New Deal on Global Food Policy.” Zoellick is urging governments to provide $500 million in emergency funding to deal with the Rice Crisis. Failure to find a solution to the problem will result in “seven lost years” in our fight against world hunger. The prospect of New Dealers emerging from Bush’s inner circle is a bit ironic and may cause the Neo Cons to express dismay, but the urgent need to act is clear. The Rice Crisis is the greatest threat to global stability. Aligning and mustering the resources of the G7 Group, United Nations, IMF and World Bank to deal with the Rice Crisis is the best use of their institutional power.

Neo Cons can find some comfort in Zoellick’s proposition that funding to achieve forgotten Millennium Development Goals be provided by Sovereign Wealth Funds (SWF). Governments won’t have to add to the burden of future taxpayers by employing a Keynesian deficit spending strategy to fund their commitment to stabilizing the global production and distribution of food.

The mammoth SWFs are becoming the lender of last resort as they again are asked to ride to the rescue to salve the world’s economic wounds. It’s almost like a form of world communism has emerged to support the stability of state capitalism practiced by the developed world. A portion of the surplus value accumulated in the SWFs are now being returned to maintain fluid markets and political stability.

Risk: Political; Social; Economic; Inflation

You Tube Video: Hunger Awareness Video

April 16, 2008 Posted by | Millennium Development Goals, social unrest, sovereign wealth funds | , , , , , , | Leave a comment