plus 3, Tim Geithner Saved The Economy, According To Two New Magazine Profiles - Huffingtonpost.com |
- Tim Geithner Saved The Economy, According To Two New Magazine Profiles - Huffingtonpost.com
- Update: HearUSA to Present at the ROTH Capital Partners 22nd Annual OC ... - MSN Money
- International Sponsors Support 5th Finance & Investment in Qatar Forum ... - Stockhouse
- William A. Porter To Receive Prestigious Options Industry Award - Stockhouse
| Tim Geithner Saved The Economy, According To Two New Magazine Profiles - Huffingtonpost.com Posted: 09 Mar 2010 07:48 AM PST Though it may come as a surprise to many Americans, key aspects of the policies enacted by embattled Treasury Secretary Tim Geithner have actually been successful, according to new profiles of Geithner in the New Yorker and the Atlantic. Geithner, who's been widely criticized for his handling of the Wall Street bailout -- and mercilessly ripped for his poor communication skills -- is portrayed in both pieces as a deft technocrat who isn't afraid to make unpopular decisions. Geithner's role in rescuing the financial sector and avoiding an outright nationalization of banks, according to a quote in the Atlantic from Rahm Emanuel, "saved the United States taxpayer a trillion dollars." John Cassidy's piece in the New Yorker hinges on Geithner's reputation on the bank stress tests which, after being introduced in April of 2009, soon restored badly needed confidence into the financial markets. The Obama administration's main choice early last year, Cassidy suggests, was whether to nationalize struggling U.S. banks (likely resulting in management shake-ups and certain shareholders being wiped out) or to rely on private capital markets to boost the financial sector. Geithner called for the latter, and used the stress test results to encourage investors to pour capital into the banks. Cassidy reports that the Obama administration reserved nationalizing banks as a weapon of last resort. As a result of the stress tests, Cassidy notes, the market was able to determine which banks were struggling and which needed more capital. Geithner seems to already be patting himself on the back, according to Cassidy's piece. Banks have historically high levels of capital and, as Cassidy puts it, "a jobless recovery is nonetheless a recovery of sorts." (Jobless, in this case, means an unemployment rate hovering near 10 percent, millions of foreclosures projected and no true consensus about whether the economic recovery will be robust and lasting.) Here's the New Yorker: "My basic view is that we did a pretty successful job of putting out a severe financial crisis and avoiding a Great Depression or Great Deflation type of thing," [Geithner] said. "We saved the economy, but we kind of lost the public doing it." Still, Cassidy notes that Geithner has sometimes suffered from an absence of support from the White House. In one of the piece's toughest quotes, former Commodity Futures Trading Commission official Michael Greenberger says: "There's been a total lack of Presidential leadership. If Obama had been running the war in Afghanistan like he's been dealing with the financial crisis, the Taliban would control the streets of Kabul." In The Atlantic, Joshua Green also credits Geithner with saving the economy, but is a bit more critical of Geithner's tenure. Green sees Geithner's legacy as one that will be inextricably linked not just to public outrage but to how Wall Street fits into Washington's core values: "Any study of Geithner is unavoidably a study of how both political parties came to agree that the interests of the financial sector must predominate, of what went wrong when those interests did predominate, and of how someone whose glittering career is a product of that system wound up at the center of an effort to write new rules for it. At the center, really, of the whole Obama presidency." Geithner may still in large part be a product of the pre-crisis consensus in Washington, implies Green in the Atlantic. Which, Green notes, isn't the same as saying Geithner is beholden to Wall Street or favors high-paid CEOs. Here's Green describing the intellectual framework that shaped Geithner and his colleagues: A former Democratic Senate staffer explained the effect this way: "Before the 2008 crisis, [the Banking Committee] was seen as a place where you could go, serve a couple years, and end up going to lobby. Everyone thought that financial services was the perfect industry, where you had a harmonization of progressive values with money. It was a way to be a good Democrat and a good liberal while making lots of money. The mark-to-market accounting changes, the loosening of bank capital requirements, harmonizing international standards--all that stuff was seen as, like, 'Where's the harm in this?' If banks are making a little more money to keep up with their international competitors, what's the big deal?"Get HuffPost Business On Twitter, Facebook, and Google Buzz! Know something we don't? E-mail us at huffpostbiz@gmail.com Five Filters featured article: Chilcot Inquiry. Available tools: PDF Newspaper, Full Text RSS, Term Extraction. |
| Update: HearUSA to Present at the ROTH Capital Partners 22nd Annual OC ... - MSN Money Posted: 09 Mar 2010 07:05 AM PST HearUSA, Inc. (NYSE Amex: EAR), a leader among the nation's hearing care providers, has been invited to present at the ROTH Capital Partners 22nd Annual OC Growth Stock Conference to be held at The Ritz Carlton in Dana Point, CA on March 15-17, 2010. HearUSA Chairman and CEO Stephen J. Hansbrough is scheduled to present on Tuesday, March 16 at 5:30 p.m. Pacific time, with one-on-one meetings held the same day. A simultaneous webcast will be available at www.wsw.com/webcast/roth23/ear. Hansbrough will discuss the expanding market opportunity to convert those with hearing loss to HearUSA customers, including the company's new role as administrator of the AARP Hearing Care program. The three-day, institutional investor conference will feature management presentations from over 350 small cap public companies. The broad spectrum of presenting companies will represent the following sectors: Healthcare (Biotech, Medical Devices and Pharmaceuticals), Media & Internet, Enterprise Software, Gaming, Semiconductors, Global Energy and Industrials and Retail & Consumer. This event is designed to provide investors with a unique chance to gain insight into small- and mid-cap growth companies and is expected to attract 2,500 attendees, including more than 1,500 institutional investors. The conference is formatted to maximize investor/company interaction through a combination of company presentations, Q&A sessions, expert panels and management one-on-one meetings. For more information about this invitation-only event, please visit the conference website at: www.roth.com or contact your ROTH representative at 800-933-6830. About Roth Capital Partners, LLC ROTH's experience and capabilities in raising capital for public companies are the hallmarks of the firm. It has raised over $12.6 billion for public companies and completed approximately 160 merger, acquisition and advisory assignments. During 2009, ROTH assisted public companies in raising over $1.8 billion. Visit the Roth Capital Partners website at www.roth.com. Member FINRA/SIPC. About HearUSA  Company Contact: HearUSA, Inc. Stephen J. Hansbrough Chairman & CEO Tel 561-478-8770 Investor Relations: Scott Liolios or Ron Both Liolios Group, Inc. Email Contact Tel 949-574-3860 © MarketWire2010 Five Filters featured article: Chilcot Inquiry. Available tools: PDF Newspaper, Full Text RSS, Term Extraction. |
| International Sponsors Support 5th Finance & Investment in Qatar Forum ... - Stockhouse Posted: 09 Mar 2010 07:34 AM PST Under the patronage and in the presence of HE Sheikh Hamad bin Jassim bin Jabor Al-Thani, Prime Minister and Minister of Foreign Affairs DOHA, Qatar, Mar 09, 2010 (BUSINESS WIRE) -- --QIB, TOTAL, BARWA and Qatari Diar Host Sponsors for international investment event --Organizers Grey Doha and Qatar Expo welcome on board Gala Dinner Sponsor Qatar Airways and Principal Sponsors GDF Suez & Qatar Petroleum --QMedia Decaux signs as Signature Sponsor --Strategic Partner Qatar Businessmen Association --Networking Sponsor Qatar Exchange/NYSE --Participating Sponsor Ernst & Young support Networking Coffee Break --French Banking Giant Credit Agricole Official Networking Lunch Sponsor --Qatar Oil & Gas sector support Forum through Participating Sponsor QPI, Souvenir Sponsor RasGas and QAPCO Networking Guide --Media Partners France 24, CNBC Arabic & CNBC Europe The first wave of prestigious Qatari and French corporations sponsoring the 5th Finance & Investment in Qatar Forum (5th Finance Forum) at the Intercontinental Hotel Paris on March 25-26, 2010 have been announced by joint organizers Qatar Expo and Grey Doha in cooperation with the Ministry of Foreign Affairs. Under the patronage, and in the presence, of HE Sheikh Hamad bin Jassim bin Jabor Al-Thani, Prime Minister and Minister of Foreign Affairs, 5th Finance Forum supporters are led by Host Sponsors BARWA, QIB, TOTAL and Qatari Diar; Gala Dinner Sponsor Qatar Airways; Principal Sponsor Qatar Petroleum; Signature Sponsor QMEDIA Decaux; Support Sponsor Qatar Tourism Authority, Participating Sponsors Ernst & Young, QPI and QAPCO, Networking Lunch Sponsor Credit Agricole, Souvenir Sponsor RasGas and Networking Sponsor Qatar Exchange/NYSE. "We thank all sponsors for their support of the 5th Finance & Investment in Qatar Forum. Their participation in an event of national significance demonstrates each company's commitment to the long-term economic prosperity of Qatar," says 5th Finance Committee Member Mr. Karim Zarka. Established in 1982, 5th Finance Forum Host Sponsor Qatar Islamic Bank (QIB) was the first and is the leading Islamic bank in Qatar and ranks among the world's five-largest Islamic banks. Holding a 51.4% share of the local Islamic banking market, QIB operates 23 branches and 91 ATMs in Qatar and boasts international investment operations in Lebanon, Malaysia, the United Kingdom, Bahrain and Yemen. 5th Finance Forum Host Sponsor TOTAL (www.total.com) is the fifth largest publicly-traded oil and gas company in the world with operations in more than 130 countries including Qatar and France. Host Sponsors BARWA and Qatari Diar are joint venture partners entrusted with realising Qatar's vision for a beautiful built environment, new sustainable communities and developments which catch the imagination of a world audience. Signature projects include the new Doha Convention Centre and Tower and the giant Barwa Al Khor and Lusail projects in Qatar, and in Europe four commercial properties in the heart of Paris and the iconic Bramah Chelsea in London. "Delegates and sponsors are being attracted to the 5th Finance & Investment in Qatar Forum by an agenda focusing on Qatar's main foreign investment sectors - Energy, Finance and Insurance, Infrastructure and Real Estate, Healthcare, Education, Environment, Sports and Tourism," explains Karim Zarka. Gala dinner guests expecting the finest food and service will be delighted to know that Qatar Airways, the world's 5-star airline and well known for offering first class food and service, are the 5th Finance Forum Gala Dinner Sponsors. Boasting one of the youngest and most modern fleet of aircraft of any major airline, Qatar Airways expansion is phenomenal with 78 aircraft currently in operation and ongoing orders for more than 200 aircraft worth over US$30 billion. Qatar's largest company, 5th Finance Forum Principal Sponsor Qatar Petroleum (www.qp.com.qa) is responsible for all phases of the oil and gas industry in Qatar. Capitalizing on Qatar's huge reserves of natural gas, Qatar Petroleum's principal activities cover exploration, drilling production, storage and transport and sale of crude oil, natural gas liquids, liquefied natural gas, gas-to-liquids, refined products, petrochemicals and fertilizers, helicopter and financing services. One of the leading energy providers in the world, 5th Finance Forum Principal Sponsor GDF SUEZ (www.gdfsuez.com) is active across the entire energy value chain, in electricity and natural gas, upstream to downstream. Employing 200,000 people worldwide and achieving revenues of EUR83.1 billion in 2008, GDF Suez is currently constructing RAS Laffan C, the largest power and water plant in the country, providing 2,730 MW of electricity and more than 286,000 m³ desalinated water per day. Founded in 2004 with a vision to provide the most innovative and efficient media tools for premium audience delivery, 5th Finance Forum Signature Sponsor Q-Media joined forces with JCDecaux in 2008 to combine the knowledge and expertise of this leading global street furniture company with unprecedented understanding of the media market in Qatar and the region. 5th Finance Forum Support Sponsor Qatar Tourism Authority (QTA) (www.qatartourism.gov.qa) is the driving force behind Qatar's booming business, leisure and sports tourism sector. Also sponsoring the Forum Show Bag and delegate lanyards, QTA has selected the 5th Finance Forum -- one of Europe's highest profile investment gatherings - as the platform to promote Qatar to an influential audience of international decision makers. Many prominent French and Qatari political and business figures will attend the Forum. Joining HH The Prime Minister of Qatar on the provisional speakers list are The Prime Minister of France HE Mr. Francois Fillon, five Government Ministers, and more than 30 Chairmen, CEOs and Presidents of major global corporations. "In collaboration with the Ministry of Foreign Affairs, the French Embassy in Qatar and Qatar Embassy in France, the 5th Finance & Investment in Qatar Forum is an event of immense national importance and pride for the State of Qatar and as such we look forward to announcing more high profile sponsors in the near future," adds Karim Zarka. 5th Finance Forum Participating and Coffee Break Sponsor Ernst & Young (ey.com) has a long and proud history in the region. Employing 4,200 staff in 20 Middle East offices, the company helps clients compete more effectively in the Asset Management, Banking & Capital Markets, Biotechnology, Consumer Products, Government & Public Sector, Insurance, Islamic Financial Services, Oil & Gas, Power & Utilities, Real Estate, Technology and Telecommunications markets. Highlighting the growing importance of Qatar's financial sector will be 5th Finance Forum Networking Lunch Sponsor Qatar Exchange/NYSE. Established in June 2009 to replace the Doha Securities Market, the Qatar Exchange is a strategic partnership with NYSE Euronext whose 43 listed companies achieved an overall market capitalisation of QR335.9 billion (US$94 billion) at the end of Q3 2009. 5th Finance Forum Networking Lunch Sponsor Credit Agricole is the leading French banking and finance group, boasting a 28% market share of France's retail banking customers. Ranked No. 1 in France, No. 3 in Europe and No. 9 worldwide by equity, Credit Agricole boasts 58 million retail customers and a banking network comprising 11,850 branches in over 20 countries. Qatar Petroleum International (QPI), 5th Finance Forum Participating Sponsor, engages in the development and production of ethylene. A subsidiary of Qatar Petroleum, QPI also develops a crude oil refinery in the Republic of Panama and other overseas operations in Vietnam and Singapore. 5th Finance Forum Strategic Partner Qatari Businessmen Association (www.qatarbusinessmen.org) plays a vital role in the activities and services to benefit the local business community. Its most significant activities include business consulting, business development and creating alliances to achieve economic prosperity and project Qatar's economic status internationally. Ensuring Qatar's rise to prominence as a gas producing and exporting nation has been 5th Finance Forum Souvenir Sponsor RasGas (www.rasgas.com). The inauguration of RasGas' fifth natural gas liquefaction train in 2007 put Qatar in a position of undisputed leadership in world LNG, taking the nation's combined nameplate LNG production capacity to 30.7 million tonnes per annum. Ensuring the 5th Finance Forum receives TV and print coverage on two continents will be Media Partners CNBC Europe, CNBC Arabiya and France 24. Launched in 2006, FRANCE 24 is the new 24/7 international news channel whose mission is to cover international current events from a French perspective and to convey French values throughout the world. CNBC Europe is a business and financial news television channel, the pan-European sister station of CNBC, broadcasting to over 100 million households from its London headquarters. CNBC Arabiya is the only 24-hour Arabic language financial and business information television channel, covering regional and international affairs from an Arab economic perspective. "In addition to the generosity of our sponsors, the success of the 5th Finance Forum will be greatly helped by the support of Media Partners CNBC Arabiya, CNBC Europe and France 24, as well as other local media organizations such as Al Jazeera and the Qatar News Agency," confirms Karim Zarka. Details of 5th Finance & Investment in Qatar Forum delegate, speaker and sponsor opportunities can be found by visiting www.investinqatarparis.com, emailing info@investinqatarparis.com or telephoning Marketing Consultant Salwa Ghorayeb on +974 505 2072 / +974 523 1268. Source: ME NewsWire *View this release online and download high resolution images and logo at: http://www.me-newswire.com/news/1547 About 5th Finance & Investment in Qatar Forum In an initiative to further strengthen economic ties between Qatar and France, the 5th Finance and Investment in Qatar Forum has been launched under the patronage of HE Sheikh Hamad Bin Jassim Bin Jaber Al-Thani, Prime Minister and Minister of Foreign Affairs of Qatar. The Forum will take place in Paris, France on the 25th and 26th March 2010, the objective of which is to bring together major Qatari and French companies, trade institutions, government officials and policy makers who share a desire to focus on topics of key interest for both countries. The 5th Finance and Investment in Qatar delegates will consist of senior industry leaders and government officials from Qatar, France and Europe from Oil, Gas, Nuclear, Finance, Infrastructure & Real Estate, Culture, Tourism, Healthcare, Sports and Education sectors. www.investinqatarparis.com SOURCE: 5th Finance & Investment in Qatar Forum Cohn & Wolfe Public Relations Krikor Khatchikian, + 974 428 3177 Senior Account Manager Krikor.Khatchikian@cohnwolfeqatar.com Copyright Business Wire 2010Five Filters featured article: Chilcot Inquiry. Available tools: PDF Newspaper, Full Text RSS, Term Extraction. |
| William A. Porter To Receive Prestigious Options Industry Award - Stockhouse Posted: 09 Mar 2010 07:05 AM PST NEW YORK, Mar 09, 2010 (BUSINESS WIRE) -- The International Securities Exchange (ISE), E*TRADE FINANCIAL Corporation (NASDAQ:ETFC) and The Options Industry Council (OIC) today announced that financial industry pioneer William A. Porter will be honored by the OIC with the Joseph P. Sullivan Options Industry Achievement Award in recognition of his overall contributions to the options industry. William A. Porter is a co-founder and the first chairman of ISE and chairman emeritus of E*TRADE, which he founded in 1992. Called the "founder of online trading" by industry observers, his career is marked by significant innovation in the financial services and options industries, as well as in the science and technology fields. As the founder of the service bureau through which the very first online trade was made in 1983, he revolutionized the retail brokerage model by providing online access and trading tools to the self-directed investor. Mr. Porter brought that same ground-breaking vision to the options industry when he co-founded ISE in 1997, dramatically improving the efficiency of the options market via the first all-electronic U.S. options exchange. Mr. Porter holds 14 patents covering a number of electronic devices and processes that are still in use today in a variety of fields. Mr. Porter has an M.S. in Management from MIT, where he was a Sloan Fellow; an M.S. in Physics from Kansas State College; and a B.A. in Mathematics from Adams State College. "Bill Porter pioneered electronic trading for individual investors and played a key role in revolutionizing the U.S. options industry by co-founding ISE, the first all-electronic options exchange," said Gary Katz, President and Chief Executive Officer of ISE. "His vision for change helped to shape the modern market system that investors everywhere participate in today. We would like to thank Bill for his invaluable contributions to the industry and congratulate him on receiving this prestigious recognition." "A brilliant, dedicated innovator and entrepreneur, Bill has left an indelible mark on the financial services industry by continually challenging the status quo to champion the individual investor," said George Hayter, Director, E*TRADE FINANCIAL Corporation. "E*TRADE would not exist if not for Bill's capacity to imagine an entirely new way to interact with the financial markets and the ingenuity and tenacity to see that idea to fruition. We join our colleagues at the OIC and ISE to applaud Bill and express our gratitude for all that this remarkable man has accomplished." "In selecting a recipient of the annual Sullivan Award, OIC looks for someone who has had a significant impact on the options industry. While Bill Porter's contributions extend beyond the options industry, his leadership in electronic trading and in co-founding the ISE were important factors in the industry's growth over the past decade," said Gina McFadden, OIC President. "We are very pleased to name the visionary Bill Porter as this year's Sullivan Award recipient." The award will be bestowed by the OIC at the 28th annual Options Industry Conference in Phoenix, Arizona on April 30, 2010. The Sullivan Award was first presented at the Options Industry Conference in 2002 and has become a regular highlight of the conference program. The award acknowledges an individual's achievement as measured by their contributions in education, innovation, product development and helping to grow the industry. It is named for Joseph W. Sullivan, who played a critical role in establishing the CBOE, the first US options exchange. The past Sullivan Award recipients have been Joe Sullivan himself, Wayne Luthringshausen, Paul Stevens, Ivers Riley, Thomas Peterffy, Jeffrey Yass, David Krell and Bill Brodsky. About ISE The International Securities Exchange (ISE) operates a leading U.S. options exchange and offers options trading on over 2,000 underlying equity, ETF, index, and FX products. As the first all-electronic options exchange in the U.S., ISE transformed the options industry by creating efficient markets through innovative market structure and technology. Regulated by the Securities and Exchange Commission (SEC) and a member-owner of The Options Clearing Corporation (OCC), ISE provides investors with a transparent marketplace for price and liquidity discovery on centrally cleared options products. ISE continues to expand its marketplace through the ongoing development of enhanced trading functionality, new products, and market data services. As a complement to its options business, ISE has expanded its reach into multiple asset classes through strategic investments in financial marketplaces and services that foster technology innovation and market efficiency. Through minority investments, ISE participates in the securities lending and equities markets. ISE also licenses its proprietary Longitude technology for trading in event-driven derivatives markets. ISE is a wholly owned subsidiary of Eurex, a leading global derivatives exchange. Eurex itself is jointly operated by Deutsche Borse AG (Ticker: DB1) and SIX Swiss Exchange AG. Together, Eurex and ISE are the global market leader in individual equity and equity index derivatives. For more information, visit www.ise.com. About E*TRADE FINANCIAL The E*TRADE FINANCIAL family of companies provides financial services including online brokerage and related banking products and services to retail investors. Specific business segments include Trading and Investing, and Balance Sheet Management. Securities products and services are offered by E*TRADE Securities LLC (Member FINRA/SIPC). Bank products and services are offered by E*TRADE Bank, a Federal savings bank, Member FDIC, or its subsidiaries. About OIC OIC is an industry cooperative funded by BATS Options, Boston Options Exchange, Chicago Board Options Exchange, International Securities Exchange, NASDAQ OMX PHLX, NASDAQ Options Market, NYSE Amex Options, NYSE Arca Options, and The Options Clearing Corporation. OIC was formed in 1992 to educate investors and their financial advisors about the benefits and risks of exchange-traded equity options. OIC's resources include: The Options Industry Services Help Desk at 1-888-OPTIONS, educational Web sites at www.OptionsEducation.org, www.OptionsEducation.org/advisor and www.OICoptions.com, evening seminars throughout the continental United States and Canada, instructional DVDs and educational literature and software. Photos/Multimedia Gallery Available: http://www.businesswire.com/cgi-bin/mmg.cgi?eid=6206949&lang=EN SOURCE: International Securities Exchange International Securities Exchange Molly H. McGregor, 212-897-0275 mmcgregor@ise.com or Erin Montgomery, 646-805-1856 emontgomery@ise.com or E*TRADE Susan Hickey, 646-521-4675 susan.hickey@etrade.com or OIC Jim Binder, 312-322-9853 jbinder@theocc.com Copyright Business Wire 2010Five Filters featured article: Chilcot Inquiry. Available tools: PDF Newspaper, Full Text RSS, Term Extraction. |
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