Category: Strategy

Righting a Wrong: Puerto Rico’s Bankruptcy

Posted on May 7, 2017 in Ethos, Government, Implementation, Strategy

Go Lean Commentary

How do you measure success … or failure?

In school, there is a simple measurement: there is the perfect “A”; everything else – B, C and D – was less desirable. But the actual grade “F” means you fail.

How can we measure success and failure for our community’s societal engines: economics, security and governance? There are so many approaches, but just like in school, there is a definitive “F” grade, a Failed-State status. In the case of a municipal entity, there is no doubt that a Bankruptcy filing is an “F”, a failure!

This is Puerto Rico today.

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Their Governor, Ricky Rosselló, just announced (May 3, 2017) that the US territory will invoke the bankruptcy-like powers that were extended to them by Congress last year. This was designed to bring an end to their intractable crisis, despite the assurances that they had given to investors that bankruptcy-style “haircuts” could not be considered. There are so many issues afoot with this move:

Can other American states/territories push lawmakers (Congress) for this same legal recourse – Chapter III of the Bankruptcy Code, the Promesa Provision – that has been ceded to Puerto Rico if they are ever at the end of their financial ropes?

(Chapter 9 Bankruptcies are allowed for municipalities, but not state governments).

This is a slippery slope!

“If Puerto Rico can achieve this level of debt relief through Promesa as the initial plan suggested, it will only make sense for Virgin Islands to attempt the same” – Wall Street Analyst

This commentary is 2 of 4 in a series considering how to “Right a Wrong”. Surely, reneging on a pledge to repay debts is a “Wrong”. This type of move could affect every other community seeking to raise funds on the capital markets (bonds). So there are lessons that we need to glean from the “Righting of these Wrongs”. The full series is as follows:

  1. Righting a Wrong: 2008 Housing Crisis
  2. Righting a Wrong: Puerto Rico’s Bankruptcy
  3. Righting a Wrong: Volkswagen Emissions Crisis
  4. Righting a Wrong: Takata Air-Bags

As related in the first submission in this series, these “Wrongs” relate to bad actions and inaction by different actors. The image and reputations of stakeholders “take a hit” while these issues are fresh. This is definitely the case for Puerto Rico right now. “Righting the Wrong” can override the bad image and the “comeback” or recovery could be the lasting legacy.

The book Go Lean…Caribbean addressed Puerto Rico from the beginning; starting with the opening assessment of the State of the Caribbean region. The book identified Puerto Rico on Page 18 as:

The Greece of the Caribbean
Puerto Rico’s population is declining. Faced with a deteriorating economy, increased poverty and a swelling crime rate, many citizens are fleeing the island for the U.S. mainland. …

Puerto Rico has been through austerity and made tough decisions: It has cut government jobs, privatized a couple of highways, and is in the process of privatizing the international airport. But unlike the case of Greece, the economic mess is on America’s hands. For U.S. citizens on the mainland who have a 401(k) account or pension for retirement, it’s possible that they have money invested in Puerto Rican bonds, which are now no longer worth much. So citizens in the states could feel the pain if Puerto Rico’s economy collapses.

This book was published in November 2013, projecting verbiage like “if Puerto Rico’s economy collapses”. According to the latest developments and this news article here (and VIDEO), that collapse is now a reality:

Title: Puerto Rico Declares a Form of Bankruptcy
By: Mary Williams Walsh

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With its creditors at its heels and its coffers depleted, Puerto Rico sought what is essentially bankruptcy relief in federal court on Wednesday, the first time in history that an American state or territory had taken the extraordinary measure.

The action sent Puerto Rico, whose approximately $123 billion in debt and pension obligations far exceeds the $18 billion bankruptcy filed by Detroit in 2013, to uncharted ground.

While the court proceedings could eventually make the island solvent for the first time in decades, the more immediate repercussions will likely be grim: Government workers will forgo pension money, public health and infrastructure projects will go wanting, and the “brain drain” the island has been suffering as professionals move to the mainland could intensify.

Puerto Rico is “unable to provide its citizens effective services” because of the crushing weight of its debt, according to a filing on Wednesday by the federal board that has supervised the island’s financial affairs since last year.

The total includes about $74 billion in bond debt and $49 million in unfunded pension obligations.

While many of Puerto Rico’s circumstances are unique, its case is also a warning sign for many American states and municipalities — such as Illinois and Philadelphia — that are facing some of the same strains, including rising pension costs, crumbling infrastructure, departing taxpayers and credit downgrades that make it more expensive to raise money. Historically, Puerto Rico was barred from declaring bankruptcy. In the end, however, financial reality trumped the statutes, and Congress enacted a law last year allowing bankruptcy-like proceedings.

Puerto Rico has been in a painful recession since 2006, and previous governments dug it deeper into debt by borrowing to pay operating expenses, year after year. For the last two years, officials have been seeking assistance from Washington, testifying before stern congressional committees and even making fast-track oral arguments before the United States Supreme Court.

At the same time, Puerto Rico’s efforts to coax its creditors to agree to concessions have gone nowhere. Now the coming court proceedings will give Puerto Rico extraordinary powers to impose losses on holdout creditors unilaterally.

The island’s many creditors — whose lawsuits filed against Puerto Rico on Tuesday prompted the island’s request for court relief on Wednesday — are likely to receive far less of their money back than they want. Their predicament may turn out to be a cautionary tale for bond holders of other troubled states and cities. Puerto Rico’s case could show public workers and retirees that seemingly inviolate pension systems can be changed, too.

The next step is for the Supreme Court — specifically, Chief Justice John G. Roberts Jr. — to designate a bankruptcy judge to handle the case.

The island’s lawyers may view some bankruptcy courts as more likely to be favorable to them than others. Some creditors fear Puerto Rico will seek to have the case handled in the Southern District of New York.

Puerto Rico’s governor, Ricardo Rosselló, issued a statement Wednesday aiming to offer some reassurance, even as he sought the federal court’s protection. “We remain committed to holding good-faith negotiations to reach agreements with our creditors,” he said, adding that he hoped the court proceedings would “accelerate the process.” He appeared to be referring to the extraordinary power Puerto Rico will now have in court to unilaterally impose big losses on creditors.

Some of those creditors are furious.

“The Commonwealth’s proposal is not a credible starting point for negotiations,” Andrew Rosenberg of Paul, Weiss, Rifkind, Wharton and Garrison, an adviser to the Ad Hoc Group of Puerto Rico General Obligation Bondholders, said in a statement. He said that moving the proceedings to bankruptcy court would put the situation in “free-fall.”

The creditors got a shock this year when Mr. Rosselló issued a five-year fiscal plan that allowed only about $800 million a year to pay principal and interest on Puerto Rico’s bond debt, far less than the roughly $3.5 billion a year it would cost to make those payments on time. The prospect of losses on that scale prompted some creditors to argue that most of the $800 million was rightfully theirs.

“That things are starting out in such a highly adversarial way strongly suggests this will be a long and contentious journey for Puerto Rico,” said Matt Fabian, a partner at Municipal Market Analytics who closely tracks activity in the municipal bond market.

Puerto Rico’s case will be the first ever heard under a federal law for insolvent territories, called Promesa, which was enacted last summer; the Obama administration had warned that a “humanitarian crisis” would ensue if Puerto Rico were not given extraordinary powers to abrogate debt. There is no existing body of court precedent for Promesa, but the island’s creditors — who range from hedge fund managers to mom-and-pop investors — are bracing for a titanic battle.

Despite the depth of the island’s troubles, many Republicans in Congress have opposed debt relief, saying that the island has long received big federal subsidies for its health system, public housing and other works. They said Puerto Rico should explain what it had done with that money before it got any more help.

Last week President Trump suddenly added fuel to those fires, saying on Twitter that there should be no “bailout” for Puerto Rico.

On the island, Washington is not seen as a helper but as an unsympathetic colonial overlord. The step toward bankruptcy-like proceedings, under a federal judge, intensified complaints that Puerto Rico has lost all control of its own future.

But at the same time, some Puerto Ricans say quietly that if the court proceedings really do allow their government to cancel debt, their island may finally get the fresh start it needs.

The coming court proceedings will not be formally called a bankruptcy, since Puerto Rico remains legally barred from using Chapter 9, the bankruptcy route normally taken by insolvent local governments. Instead, Mr. Rosselló petitioned for relief under Title III of the Promesa law, which contains certain Chapter 9 bankruptcy provisions but also recognizes that, unlike the cities and counties that use Chapter 9, Puerto Rico is not part of any state and must in some ways be treated as a sovereign.

Bankruptcy lawyers and public finance experts are watching Puerto Rico’s case closely, to see if it shows a path that financially distressed states like Illinois might also one day take. States, like United States territories, currently cannot declare bankruptcy.

The only creditors who reached an agreement with Puerto Rico were the holders of a class of bonds, about $9 billion worth, that were sold to raise money for the island’s public power utility. Those creditors gave concessions that the governor pointed to Wednesday as a good example for other creditors to follow.

The governor’s fiscal plan also calls for shifting all current government workers from pensions into 401(k)-style retirement plans. Current retirees will continue to receive their traditional monthly pensions, but the amounts are to be reduced by about 10 percent on average.

The governor’s hand was forced by the expiration on Monday, at midnight, of a court stay that had been keeping Puerto Rico’s creditors from suing. On Tuesday, as soon as the stay expired, bondholder groups and at least one bond insurer sued. Wednesday’s actions by the governor and the federal supervisory board effectively blocked the lawsuits from proceeding.
Source: Posted May 3, 2017; retrieved May 4, 2017 from: https://mobile.nytimes.com/2017/05/03/business/dealbook/puerto-rico-debt.html

————-

VIDEO – Miller Buckfire MD Says Title III Will Help Puerto Rico – https://www.bloomberg.com/news/videos/2017-05-04/miller-buckfire-md-title-iii-will-help-puerto-rico-video


Published on May 3, 2017 – Puerto Rico made the decision to use a U.S. court to escape from its debts. This casts a few ripples in the state and local bond market. But this action — once inconceivable for a territory that didn’t have authority to file for bankruptcy — sets a precedent that could resonate with struggling states in the decades ahead. See the full article here: https://www.bloomberg.com/news/articles/2017-05-04/puerto-rico-collapse-shows-debts-seen-as-iron-clad-may-not-be-so

What will Puerto Rico do now?

The recommendation of the movement behind the Go Lean book is to pay the debt … eventually. (Though bankruptcy filings usually involve “haircuts” where creditors will get “pennies on the dollar”).

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This is the purpose of the book Go Lean…Caribbean, to help reform and transform the societal engines in the 30 member-states of the Caribbean region. The book serves as a roadmap for the introduction and implementation of the Caribbean Union Trade Federation (CU) and the Caribbean Central Bank (CCB). The Go Lean/CU/CCB roadmap applies best-practices for community empowerment and features these 3 prime directives, proclaimed as follows:

  • Optimization of the economic engines to grow the regional economy to $800 Billion & create 2.2 million new jobs.
  • Establishment of a security apparatus to protect public safety and ensure the economic engines of the region.
  • Improvement of Caribbean governance to support these engines.

Had the CU/CCB been in force now, we would not look to Washington for answers!

The Go Lean movement asserts that Caribbean communities need to resolve their challenges together. One Go Lean mission describes the process of consolidating legacy debt and refinancing them to ease the burden on local governmental finances. Imagine a personal household that just incurred a BIG BILL for repair – think a new roof. The best strategy is to refinance and add it to the 30-year mortgage, therefore only enduring “bite-size” payments for now. The book relates this:

10 Ways to Better Manage Debt  – Page 114

1 Lean-in for the Caribbean Single Market, Caribbean Dollar & Caribbean Central Bank.
This treaty allows for the unification of the region into one market, thereby creating a single economy of 30 member-states, 42 million people and a GDP of over $800 Billion, according to 2010 figures. The CU will reboot the economic engines of the region with investments in infra-structure and business inducements.Many times these projects require up-front capital but the returns will be garnered slowly over time. These projects therefore require debt, from the capital or lending markets. The issue of debt not only concerns governments, but individuals as well. The CU will impact this dynamic by mastering credit ratings and offering to buy back foreign debt for local C$ financing and CCB controls. This tactic lets the CCB function as a local IMF, fostering a new regime for the economy.
2 M1 & The Interest Economy
The CU seeks to consolidate the currency of each member-state around the Caribbean Dollar (C$); then by inducing more electronic transactions as opposed to paper currency, there will be more lendable funds in the money supply (M1). Plus having viable capital markets will allow governments, institutions and businesses to get the capital they need, and investors/lenders can garner interest income for the use of their funds. Most Pension funds depend on this model.
3 Public Financing
Every independent country in the Caribbean is a member of the IMF, only the OverseasTerritories are not engaged in this arrangement. Why not? Their host countries (US, UK, France and the Netherlands) provide the capital access that the island territories need. The CU quest is to shift this dependency to a Caribbean source, not European or American.
4 Bonds & Add-on’s (Warrants)
Rather than international loans, the CU strategizes bond issues in C$ capital markets for government financing. There are a number of ways to make bonds more attractive to investors, like adding warrants as “sweeteners” (premiums on sale price, leverage, expirations and exercise restrictions). Warrants are often detachable and tradable in markets.
5 CU Federal Bankruptcies
6 Credit Reporting – Sharpening the Tool
7 Retail Credit Reboot and New Engines
8 Student Loans Sensible Dynamics
9 Mortgage Loan Sensible Dynamics
10 Crowd Sourcing – Community Capital Sharing Mitigates Debt

The points of effective, technocratic stewardship of Public Debt have been elaborated upon in previous blog/commentaries. Consider this sample:

https://goleancaribbean.com/blog/?p=7989 Transformations: Money Matters – ‘Getting over’ with ‘free money’
https://goleancaribbean.com/blog/?p=7601 Beware of Vulture Capitalists
https://goleancaribbean.com/blog/?p=7268 Detroit’s ‘debt reality’ giving schools their ‘Worst Shot’
https://goleancaribbean.com/blog/?p=7235 Flint, Michigan – A Cautionary Tale for bad debt management
https://goleancaribbean.com/blog/?p=6563 Lessons from Iceland – Model of Recovery
https://goleancaribbean.com/blog/?p=5818 Greece: From Bad to Worse
https://goleancaribbean.com/blog/?p=5759 Pressed by Debt Crisis, Doctors Leave Greece in Droves
https://goleancaribbean.com/blog/?p=3582 For Canadian Banks: Caribbean is a ‘Bad Bet’
https://goleancaribbean.com/blog/?p=3311 Detroit’s Municipal Bankruptcy – Lessons Learned

Overall, the Go Lean book stresses the community ethos, strategies, tactics, implementations and advocacies to reform and transform the economic, security and governing engines of Caribbean society. This effort will be technocratic! It will make “sure all ends meet”. We must properly administer the finances of our communities. This vision was anticipated from the beginning of the Go Lean book, opening with these pronouncements in the Declaration of Interdependence (Page 12):

xi. Whereas all men are entitled to the benefits of good governance in a free society, “new guards” must be enacted to dissuade the emergence of incompetence, corruption, nepotism and cronyism at the peril of the people’s best interest.  The Federation must guarantee the executions of a social contract between government and the governed.

xii. Whereas the legacy in recent times in individual states may be that of ineffectual governance with no redress to higher authority, the accedence of this Federation will ensure accountability and escalation of the human and civil rights of the people for good governance, justice assurances, due process and the rule of law. As such, any threats of a “failed state” status for any member state must enact emergency measures on behalf of the Federation to protect the human, civil and property rights of the citizens, residents, allies, trading partners, and visitors of the affected member state and the Federation as a whole.

xiv. Whereas government services cannot be delivered without the appropriate funding mechanisms, “new guards” must be incorporated to assess, accrue, calculate and collect revenues, fees and other income sources for the Federation and member-states. The Federation can spur government revenues directly through cross-border services and indirectly by fostering industries and economic activities not possible without this Union.

xix. Whereas our legacy in recent times is one of societal abandonment, it is imperative that incentives and encouragement be put in place to first dissuade the human flight, and then entice and welcome the return of our Diaspora back to our shores. This repatriation should be effected with the appropriate guards so as not to imperil the lives and securities of the repatriated citizens or the communities they inhabit. The right of repatriation is to be extended to any natural born citizens despite any previous naturalization to foreign sovereignties.

xxiv. Whereas a free market economy can be induced and spurred for continuous progress, the Federation must install the controls to better manage aspects of the economy: jobs, inflation, savings rate, investments and other economic principles. Thereby attracting direct foreign investment because of the stability and vibrancy of our economy.

xxv. Whereas the legacy of international democracies had been imperiled due to a global financial crisis, the structure of the Federation must allow for financial stability and assurance of the Federation’s institutions. To mandate the economic vibrancy of the region, monetary and fiscal controls and policies must be incorporated as proactive and reactive measures. These measures must address threats against the financial integrity of the Federation and of the member-states.

Yes, the purpose of this commentary is to project the better plan for reforming and transforming Caribbean municipal financing. But it is also about reforming and transforming Puerto Rico. An agenda for Puerto Rico has always been a priority for the Go Lean roadmap. This island is just sitting there in the middle of the Caribbean region. No effort to reboot the Caribbean neighborhood could reasonably ignore this island.

“But they are an American Territory, a subset of the richest, most powerful nation on the planet”.

And yet … they are a Failed-State!

In a previous blog-commentary from the Go Lean movement, it was declared that “Puerto Rico needs the strategies, tactics, implementations and advocacies of the CU. [And] the CU needs Puerto Rico!” This is true now more than ever!

Now is the time for all stakeholders – state and municipal governments and their citizens – in the Caribbean to lean-in for the empowerments described here-in and in the book Go Lean … Caribbean. We must do better with public finance than our predecessors. They tried to “go for it alone” – this is why Puerto Rico always failed – let try this different approach of “going for it together”. This is guaranteed to make Puerto Rico and all of the Caribbean a better place to live, work and play. 🙂

Download the free e-Book of Go Lean … Caribbean – now!

Sign the petition to lean-in for the roadmap for the Caribbean Union Trade Federation.

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Righting a Wrong: The 2008 Housing Crisis

Posted on May 6, 2017 in Ethos, Government, Industries, Strategy

Go Lean Commentary

Have you ever made a mistake?

“Let him that is without sin, cast the first stone” – Jesus Christ (The Bible @ John 8:7)

Since everyone makes mistakes, a good measure of a good character is how we “Right the Wrongs” that we may have caused to others. This could be the measurement of a good man (or woman), a good company and a good community. People want to be associated with goodness. They will travel great lengths and at great cost to associate with good people, affiliate with good companies and live in a good community.

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There are lessons to be learned when people, companies and communities make mistakes and then make concerted efforts to “Right the Wrongs”. These are lessons that can be applied right here in the Caribbean so as to supplement our efforts to elevate our society, to make the Caribbean homeland a better place to live, work and play.

This is more than just an academic discussion for the Caribbean; we are known to have our defects – we repeatedly make mistakes, we endanger people, oppress them, suppress their rights and then carry on unrepentant – this all results in “pushing” people away, causing societal abandonment. We must recognize these defects and repent, reconcile, reform and “Right the Wrongs” of our society.

This is the purpose of the book Go Lean…Caribbean, to help reform and transform the societal engines in the 30 member-states of the Caribbean region. The book serves as a roadmap for the introduction and implementation of the Caribbean Union Trade Federation (CU). The Go Lean/CU roadmap applies best-practices for community empowerment and features these 3 prime directives, proclaimed as follows:

  • Optimization of the economic engines to grow the regional economy to $800 Billion & create 2.2 million new jobs.
  • Establishment of a security apparatus to protect public safety and ensure the economic engines of the region.
  • Improvement of Caribbean governance to support these engines.

What “Wrongs” exactly can we consider to glean lessons-learned for our community empowerment? This commentary is 1 of 4 in a series considering how to “Right a Wrong”. The full series is as follows:

  1. Righting a Wrong: 2008 Housing Crisis
  2. Righting a Wrong: Puerto Rico’s Bankruptcy
  3. Righting a Wrong: Volkswagen Emissions Crisis
  4. Righting a Wrong: Takata Air-Bags

These “Wrongs” relate to bad actions and inaction by different actors. The image and reputations of stakeholders “take a hit” while the issue is fresh. But eventually the recovery – Righting the Wrong – can override and became the lasting legacy. This first wrong – 2008 Housing Crisis – was one of the episodes of the recent Great Recession. The Go Lean book sought to catalog the cause-and-effect of many 2008 developments from an inside perspective. The book identifies its authority to comment on these developments. See this “Who We Are” quotation (Page 8) and the VIDEO in the Appendix below:

This book is published by the SFE Foundation, a community development foundation chartered for the purpose of empowering and re-booting economic engines. …

2008 – The peak day of the recent global financial crisis was September 15, 2008. On this day, Wall Street giant Lehman Brothers filed for bankruptcy protection, and eventual dissolution, after succumbing to the weight of over-leverage in mortgage-backed securities. There is an old observation/expression that states that “there are 3 kinds of people in the world, those who make things happen, those who watch things happen and those who wonder ‘what happened?’“
Principals of the SFE Foundation were there in 2008 … engaged with Lehman Brothers; on the inside looking out, not the outside looking in. Understanding the anatomy of the modern macro economy, allows the dissection of the processes and the creation of viable solutions.

Omaha – The book was initially composed in Omaha, Nebraska, the home of one of the world’s richest men, Warren Buffet – the “Oracle of Omaha” – CEO of corporate giant Berkshire Hathaway. While the United States experienced boom and bust during the Great Recession, Omaha remained a stable, consistent model of prosperity (in March 2008 the unemployment rate in Omaha was 3.9 percent). This was no accident. This community embraces a certain ethos that is fundamental for stability and vibrancy: good corporate citizenship. Omaha is home to other corporate movers-shakers in addition to Berkshire Hathaway; (see Appendix A [on Page 254]). This community example is purported as a model for assimilation by the Caribbean region.

The Go Lean book, though composed in 2013, set the pattern for the Caribbean region to look-listen-learn from models, samples and examples like these. This allows for the regional stewards and administrators to structure policies and procedures so as to apply the lessons learned in their jurisdictions. This was an original intent. As a planning tool, the Go Lean book commenced with a Declaration of Interdependence, pronouncing the need for regional integration so as to improve our society based on lessons learned from other societies. See a stanza here (Page 14):

xxxiii. Whereas lessons can be learned and applied from the study of the recent history of other societies, the Federation must formalize statutes and organizational dimensions to avoid the pitfalls of communities like East Germany, Detroit, Indian (Native American) Reservations, Egypt and the previous West Indies Federation. On the other hand, the Federation must also implement the good examples learned from developments/communities like New York City, [Omaha,] Germany, Japan, Canada, the old American West and tenants of the US Constitution.

So here is the Wrong … and here is the “Righting of the Wrong” associated with the 2008 Housing Crisis:

The Wrong:
In 2008 a perfect storm of economic disasters hit the US and indeed the entire world. The most serious began with the collapse of housing bubbles in California and Florida, and the collapse of housing prices and the construction industries. Millions of mortgages (averaging about $200,000 each) had been bundled into securities called collateralized debt obligations that were re-sold worldwide. Many banks and hedge funds had borrowed hundreds of billions of dollars to buy these securities, which were now “toxic” because unknown values and no buying markets.

A series of the largest banks in the US and Europe collapsed; some went bankrupt, such as Lehman Brothers with $690 billion in assets; others such as Citigroup, the leading insurance company AIG, and the two largest mortgage companies (Fannie Mae, Freddie Mac) were bailed out by the US government. Congress voted $700 billion in bailout money, and the Treasury and Federal Reserve committed trillions of dollars to shoring up the financial system. But the measures did not reverse the declines – banks drastically tightened their lending policies, despite infusions of federal money. The government, for the first time, took major ownership positions in some banks. The stock market plunged 40%, wiping out tens of trillions of dollars in wealth (estimates tallying $11 Trillion); housing prices fell 20% nationwide wiping out trillions more. By late 2008 distress was spreading beyond the financial and housing sectors, especially as the “Big Three” of the automobile industry (General Motors, Ford and Chrysler) were on the verge of bankruptcy, and the retail sector showed major weaknesses. Critics of the $700 billion Troubled Assets Relief Program (TARP) expressed anger that much of the TARP money that had been distributed to banks was seemingly unaccounted for, with banks being secretive on the issue.[45] [See this portrayal in these photos or the VIDEO at https://youtu.be/N9YLta5Tr2A.]

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Righting the Wrong:
In February 2009, [the newly inaugurated] President Barack Obama signed the American Recovery and Reinvestment Act; the bill provided $787 billion in stimulus through a combination of spending and tax cuts. The plan was largely based on the Keynesian theory that government spending should offset the fall in private spending during an economic downturn; otherwise the fall in private spending would perpetuate itself and productive resources, such as the labor hours of the unemployed, will be wasted.[46] Critics at the time claimed that government spending cannot offset a fall in private spending because government must borrow money from the private sector in order to add money to it. However, most economists do not think such “crowding out” is an issue when interest rates are near zero and the economy is stagnant.

The recession period officially expended only 6 quarters (Q4-2007 to Q1-2009), but the effects were longer lasting. This was deemed the Great Recession because of the fundamental shifts the economy made. For example, in the US, jobs paying between $14 and $21 per hour made up about 60% those lost during the recession, but such mid-wage jobs have comprised only about 27% of jobs gained during the recovery through mid-2012. In contrast, lower-paying jobs constituted about 58% of the jobs regained.

As of December 2012, the US Federal Reserve Bank reported that the net worth of US households recovered by $1.7 trillion to $65 trillion during Q3-2012. It was still below the record high of $67 trillion during Q3-2007, but up $13.5 trillion since its recent cyclical low during Q1-2009.[47]

Source: Book Go Lean…Caribbean Page 69 – 70

None of the Boom-and-Bust homes in this drama were in the Caribbean; (though Puerto Rico and US Virgin Islands are American territories and did have crises, their home pricing were only mildly affected, going up or going down only a little).

While this was a crisis for continental America, due to inaction on the part of Caribbean regional stewards, this 2008 crisis brought devastation to our region. In some cases, we are still reeling from it; they are near Failed-State status as a result.

There were bad actors in this crisis. They had their Day of Reckoning as well. See these previous blog-commentaries that detailed the aftershocks of the 2008 economic crisis:

https://goleancaribbean.com/blog/?p=10187 Day of Reckoning for NINJA Loans
https://goleancaribbean.com/blog/?p=8379 Economic Fallacy: Self-regulation of the Centers of Economic Activity
https://goleancaribbean.com/blog/?p=6531 A Lesson in History – Book Review of the ‘Exigency of 2008’
https://goleancaribbean.com/blog/?p=1896 The Crisis in Black Homeownership
https://goleancaribbean.com/blog/?p=1309 5 Steps of a Bubble
https://goleancaribbean.com/blog/?p=353 Book: Wrong Economic Policy Disasters and What We Can Learn

One mission of this Go Lean roadmap is to apply the lessons from this American Drama in the stewardship of our Caribbean homeland. Since we also had financial upheavals in our region, many things these were due to contagions of the American crisis. So we needed remediation of our financial institutions as well. This point was detailed in this previous blog-commentary from November 14, 2014:

‘Too Big To Fail’ – Caribbean Version

There were [financial] crises on 2 levels: the Global Financial Crisis of 2007 – 2009 and regional financial banking dysfunctions. See here:

Global – The banks labeled “Too Big To Fail” impacted the world’s economy during the Global Financial Crisis. Though the epi-center was on Wall Street, the Caribbean was not spared; it was deeply impacted with onslaughts to every aspect of Caribbean life (think: Tourism decline). In many ways, the crisis has still not passed.

Regional – The Caribbean region has not been front-and-center to many financial crises in the past, compared to the 465 US bank failures between 2008 and 2012. But over the past few decades, there have been some failures among local commercial banks and affiliated insurance companies where the institutions could not meet demands from depositors for withdrawal. Consider these examples from Jamaica and Trinidad:

  • There was a banking crisis in Jamaica in the 1990s. In January 1997, the decision was made to establish the Financial Sector Adjustment Company (FINSAC) with a mandate to take control and restructure the financial sector. FINSAC took control of 5 of the 9 commercial banks, 10 merchant banks, 21 insurance companies, 34 securities firms and 15 hotels. It was also involved in the re-capitalization and restructuring of 2 life insurance companies, with the requirement that they relinquish their shares in 2 commercial banks.[48]
  • For Trinidad, the notable failure was the holding company CL Financial, with subsidiaries Colonial Life Insurance Company and the CLICO Investment Bank (CIB). In mid-January 2009, this group approached the Central Bank of Trinidad and Tobago requesting financial assistance due to persistent liquidity problems. The global financial events of 2008 combined with other factors placed tremendous strain on the group’s Balance Sheet. The CL Financial lines of business ranged from the areas of finance and energy to manufacturing and real estate services. The group’s assets were estimated at US$16 billion at year-end 2007, and it had a presence in at least thirty countries worldwide, including Barbados. Most significantly, the company held investments in real estate in Trinidad and the United States of America, and in the world’s largest methanol plant prior to its difficulties.

Going forward, there needs to be a solution to mitigate systemic threats that may plague the Caribbean region.

This is the quest of the Go Lean roadmap. The book first presents the community ethos that the region needs to adopt; then it presents detailed strategies, tactics, implementations and advocacies for the economic stewards to deploy. These constitute Big Ideas for the Caribbean region.

For one, there is the plan for a Caribbean Central Bank!

Among the Big Ideas of the Caribbean Union Trade Federation is the introduction and assimilation of the Caribbean Central Bank (CCB) and the Caribbean Dollar. The CCB is actually a cooperative among the region’s Central Banks. All the existing Central Banks, at the time of ascension, will cede their monetary powers to the CCB and continue their participation using well-established cooperative principles. – Go Lean…Caribbean book Page 73

Secondly, there is the tactic of a separation-of-powers between the CU/CCB entities and the member-states in the region. This directive allows for the transfer of oversight and administration of certain state functions to the CU federal authorities. This is modeled after the European Union and the European Central Bank.

This is how the Go Lean roadmap proposes to “Right the Wrongs” of the recent financial crises: to incorporate the organizational structure with the mandate to administer and shepherd the region’s monetary and banking eco-system. This intent was pronounced at the outset, in the opening Declaration of Interdependence, enshrining the need for regional integration on monetary matters for Caribbean society. See the related stanzas here (Pages 12, 13):

xi. Whereas all men are entitled to the benefits of good governance in a free society, “new guards” must be enacted to dissuade the emergence of incompetence, corruption, nepotism and cronyism at the peril of the people’s best interest. The Federation must guarantee the executions of a social contract between government and the governed.

xxiv. Whereas a free market economy can be induced and spurred for continuous progress, the Federation must install the controls to better manage aspects of the economy: jobs, inflation, savings rate, investments and other economic principles. Thereby attracting direct foreign investment because of the stability and vibrancy of our economy.

xxv. Whereas the legacy of international democracies had been imperiled due to a global financial crisis, the structure of the Federation must allow for financial stability and assurance of the Federation’s institutions. To mandate the economic vibrancy of the region, monetary and fiscal controls and policies must be incorporated as proactive and reactive measures. These measures must address threats against the financial integrity of the Federation and of the member-states.

Now is the time for the Caribbean to embrace change. From an economic perspective, we have done wrong … in the past – at a minimum, we are guilty of inaction. We now need to “right those wrongs” or especially to develop the defenses to ensure no future damage to our economy by dysfunctional administration of the region’s monetary and economic engines. It is time for new stewards of the Caribbean economy, security and governing engines. It’s time for the CU/CCB. We must prove that we have learned from our past and that of our trading partners. We must do better and be better.

A lot is at stake: the hopes and dreams of our people, young and old. They all want; we all want a better Caribbean; better places to live, work and play. 🙂

Download the free e-Book of Go Lean … Caribbean – now!

Sign the petition to lean-in for the roadmap for the Caribbean Union Trade Federation.

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Footnote References

45 – Holt, Jeff. “A Summary of the Primary Causes of the Housing Bubble and the Resulting Credit Crisis: A Non-Technical Paper”. 2009, 8, 1, 120-129. The Journal of Business Inquiry. Retrieved 15 February 2013.

46 – Congressional Budget Office – “Estimated Impact of the American Recovery and Reinvestment Act on Employment and Economic Output from October 2011 Through December 2011”. February 2012; retrieved June 2013.

47 – American Enterprise Institute – Retrieved December 2012 from: www.aei-ideas.org/…/u-s-net-worth-hasrecovered-13-5-trillion-but-still- below-2007-peak/

48 – Retrieved November 14, 2014 from: http://www.centralbank.org.bb/WEBCBB.nsf/WorkingPapers/DB0CF759B9E97FB9042579D70047F645/$FILE/Exploring%20Liquidity%20Linkages%20among%20CARICOM%20Banking%20Systems.pdf

————

Appendix VIDEO – The 2008 Financial Crisis: Crash Course Economics – https://youtu.be/GPOv72Awo68

Published on Oct 21, 2015 – Today on Crash Course Economics, Adriene and Jacob talk about the 2008 financial crisis and the US Goverment’s response to the troubles. So, all this starts with home mortgages, and the use of mortgages as an investment instrument. For years, it seemed like the US housing market would go up and up. Like a bubble or something. It turns out it was a bubble. But not the good kind. And the government response was…interesting. Anyway, why are you reading this? Watch the video!
More Financial Crisis Resources:
Financial Crisis Inquiry Report: http://www.gpo.gov/fdsys/pkg/GPO-FCIC…
TAL: Giant Pool of Money: http://www.thisamericanlife.org/radio…
Timeline of the crisis: https://www.stlouisfed.org/financial-…
http://www.economist.com/news/schools…

 

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ENCORE: It’s Cinco De Mayo … again

Posted on May 5, 2017 in Ethos, Social, Strategy

This Go Lean blog-commentary from May 5, 2015 is re-distributed on this occasion of Cinco De Mayo 2017. As always, this year’s commemoration is a celebration of Mexican culture, more so than Mexican history.

CU Blog - Celebrating Mexican Culture - Photo 1

This is a great model for the Caribbean’s current effort to forge an international day of recognition: Caribbean Day for August 1 every year.  Yes, we can … develop a similar occasion to commemorate, celebrate and accentuate our Caribbean identity and culture.

But for now …

… Bienvenido Amigos, as we encore this submission on Cinco De Mayo, as follows:

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Go Lean Commentary – A Lesson in History: Cinco De Mayo

Today (May 5) is Cinco De Mayo – celebrating this is a move of solidarity with Mexico; its people and culture – Enjoy the festivities!

Enjoy the Mexican food, spirits, music and culture. The country and people of Mexico have so much to offer the world – see VIDEO below – this includes the Caribbean.

One thing more that they can offer us in our region: A Lesson in History!

The summary of this celebration is simple on the surface: Mexican forces commanded by General Ignacio Zaragoza defeated the French army in the Battle of Puebla on 5 May 1862. 4 days later, on 9 May 1862, The then-President Benito Juárez declared that the anniversary of the Battle of Puebla would be a national holiday,[14][15][16][17][18] regarded as “Battle of Puebla Day” or “Battle of Cinco de Mayo”. Although today it is recognized in some countries as a day of Mexican heritage celebration, it is not a federal holiday in Mexico.[19]

Considering the real history of Cinco De Mayo is a really big deal. For starters, while Mexico was not the aggressor in this war, they were not exactly blameless.

The 1858 – 1860 Mexican civil war known as The Reform War had caused distress throughout Mexico’s economy. When taking office as the newly-elected president of the Republic in 1861, Juárez was forced to suspend payments of interest on foreign debts for a period of two years. At the end of October 1861 diplomats from Spain, France, and Britain met in London to form the Tripartite Alliance, with the main purpose of launching an allied invasion of Mexico, taking control of Veracruz, its major port, and forcing the Mexican government to negotiate terms for repaying its debts and for reparations for alleged harm to foreign citizens in Mexico. In December 1861, Spanish troops landed in Veracruz; British and French followed in early January. The allied forces occupied Veracruz and advanced to Orizaba. However, the Tripartite Alliance fell apart by early April 1862, when it became clear the French wanted to impose harsh demands on the Juarez government and provoke a war. The British and Spanish withdrew, leaving the French to march alone on Mexico City. French Emperor-President Napoleon III – the first democratically elected French President – wanted to set up a puppet regime, the Mexican Empire.

Thus started this French Intervention in Mexico. The effects of these 5 years were far-reaching, even to this day – consider the similarities in flags for these countries.

CU Blog - A Lesson in History - Cinco De Mayo - Photo 1Title: French Intervention in Mexico 1862 – 1867
Emperor Napoleon III of France was the instigator, justifying military intervention by claiming a broad foreign policy of commitment to free trade. For him, a friendly government in Mexico would ensure European access to Latin American markets. Napoleon also wanted the silver that could be mined in Mexico to finance his empire. Napoleon built a coalition with Spain and Britain while the U.S. was deeply engaged in its own civil war from 1861 to 1865.

Here is the main timeline of this French Intervention period:

1. 1862: Arrival of the French
After the initial victory by the Mexicans at the Battle of Puebla, the war continued in a different direction. The pursuing Mexican army was contained by the French at Orizaba, Veracruz, on 14 June. More British troops arrived on 21 September, and General Bazaine arrived with French reinforcements on 16 October. The French occupied the port of Tamaulipas on 23 October, and unopposed by Mexican forces took control of Xalapa, Veracruz on 12 December.

2. 1863: The French take the capital
CU Blog - A Lesson in History - Cinco De Mayo - Photo 2The French army of General François Achille Bazaine defeated the Mexican army led by General Comonfort in its campaign to relieve the siege of Puebla, at San Lorenzo, to the south of Puebla. Puebla surrendered to the French shortly afterward, on 17 May. On 31 May, President Juárez fled the capital city (Mexico City) with his cabinet, retreating northward to Paso del Norte and later to Chihuahua. Having taken the treasure of the state with them, the government-in-exile remained in Chihuahua until 1867.

French troops under Bazaine entered Mexico City on 7 June 1863. The main army entered the city three days later, led by General Forey. General Almonte was appointed the provisional President of Mexico on 16 June, by the Superior Junta (which had been appointed by Forey). The Superior Junta with its 35 members met on 21 June, and proclaimed a Catholic Empire on 10 July. The crown was offered to Austrian Prince Archduke Ferdinand Maximilian, following pressures by Napoleon. Maximilian accepted the crown on 3 October.

3. 1864: Arrival of Maximilian
Further decisive French victories continued with the fall of Guadalajara, Zacatecas, Acapulco, Durango by 3 July, and the defeat of republicans in the states of Sinaloa and Jalisco in November.

Maximilian formally accepted the crown on 10 April, signing the Treaty of Miramar (between France and Mexico), and landed at Veracruz on 28 May. He was enthroned as Maximilian I, Emperor of Mexico, [under French occupation].

4. 1865: Beginning of Republican victories
CU Blog - A Lesson in History - Cinco De Mayo - Photo 3After many more French victories, finally on 11 April, republicans defeated Imperial forces at Tacámbaro in Michoacán. In April and May the republicans had many forces in the states of Sinaloa and Chihuahua. Most towns along the Rio Grande, [(the border with the US),] were also occupied by republicans.

The decree known as the “Black Decree” was issued by Maximilian on 3 October, which threatened any Mexican captured in the war with immediate execution.

5. 1859-1867: U.S. Diplomacy and Involvement
The United States did not condone the French occupation of Mexico but it had to use its resources for the American Civil War, which lasted 1861 to 1865. Then-President Abraham Lincoln expressed his sympathy to Latin American republics against any European attempt to establish a monarchy; and the Congress passed a resolution in disgust of these French actions. In 1865, The US supported the sale of Mexican bonds by Mexican agents in the US to fund the Juarez Administration, raising up to $18-million dollars for the purchase of American war material.[16] By 1867, American policy shifted from thinly veiled sympathy to the republican government of Juarez to open threat of war to induce a French withdrawal, invoking the Monroe Doctrine, a policy to thwart any aggression by European powers in the Americas.

6. 1866: French withdrawal and Republican victories
Choosing Franco-American relations over his Mexican monarchy ambitions, Napoleon III announced the withdrawal of French forces beginning 31 May. Taking advantage of the end of French military support to the Imperial troops, the Republicans won a series of crippling victories in Chihuahua on 25 March, Guadalajara, Matamoros, Tampico and Acapulco in July. Napoleon III urged Maximilian to abandon Mexico and evacuate with the French troops; [but he persisted]. The French evacuated Monterrey on 26 July, Saltillo on 5 August, and the whole state of Sonora in September. Maximilian’s French cabinet members resigned on 18 September. The Republicans defeated imperial troops in Oaxaca in October, occupying the whole of Oaxaca in November, as well as parts of Zacatecas, San Luis Potosí and Guanajuato.

7. 1867: Republicans take the capital
The Republicans occupied the rest of the states of Zacatecas, San Luis Potosí and Guanajuato in January. The French evacuated the capital on 5 February.

On 13 February 1867, Maximilian withdrew to Querétaro. The Republicans began a siege of the city on 9 March, and Mexico City on 12 April. On 11 May, Maximilian finally resolved to try to escape through the enemy lines. He was intercepted on 15 May. Following a court-martial, he was sentenced to death and executed on 19 June.
Source: http://en.wikipedia.org/wiki/French intervention_in_Mexico  

This subject has relevance for the Caribbean. Mexico is a stakeholder in Caribbean affairs. They have a vast coastline (Yucatan Peninsula) on the Caribbean Sea, plus a few Caribbean islands (Cozumel, Isla Mujeres, Isla Contoy, and Isla Blanca). This country is also a member of the ACS – Association of Caribbean States – one of the relevant entities that must be assembled for this regional integration movement championed in the book Go Lean…Caribbean.

The underlying theme of this Lesson in Mexican History is the lack of effective security for the people and societal engines of Mexico. Now, after 150 years, this historic pattern has continued; Mexico proceeded to endure one revolution-rebellion-overthrow-coup d’etat after another until recent times.

The Caribbean cannot afford this same disposition: the dread and damage endured from decades of dysfunction.

Today, Mexico is known as a lawless society in many pockets, especially along the US border. Considering the art and science of security, it is sad that they never got it right! They resemble a Failed-State in so many perspectives. This is where their history, especially those 5 years of the Franco-Mexican War, provides lessons for the Caribbean people and institutions. But this Go Lean movement does not seek to remediate Mexico; this is out of scope. Rather the focus is strictly on the 30 Caribbean member-states: islands of the Caribbean plus the Central & South American states that caucus with the Caribbean Community (Belize, Guyana and Suriname).

This effort to elevate Caribbean society fully recognizes that security mitigations must be prioritized equally with economic and governing remediation. This is an underlying theme of the book Go Lean…Caribbean. The book declares that the region is in crisis, at the precipice of Failed-State status. This is the assertion of the Go Lean book, that the region must prepare its own security apparatus for its own security needs.

This book serves as a roadmap for the introduction and implementation of the technocratic Caribbean Union Trade Federation (CU). So while the CU is set to optimize Caribbean society through economic empowerment, the security dynamics will be inextricably linked to this same endeavor. Therefore the Go Lean roadmap has 3 prime directives:

  • Optimization of the economic engines in order to grow the regional economy to $800 Billion & create 2.2 million new jobs.
  • Establishment of a security apparatus to protect the resultant economic engines.
  • Improvement of Caribbean governance to support these engines.

The book contends, just as the French proved to be a “bad actor” to Mexico in 1862, that new “bad actors” will emerge for the Caribbean to contend with. This will be as a by-product of new economic successes in the region. This point is pronounced early in the book with the Declaration of Interdependence (Page 12) that claims:

x.   Whereas we are surrounded and allied to nations of larger proportions in land mass, populations, and treasuries, elements in their societies may have ill-intent in their pursuits, at the expense of the safety and security of our citizens. We must therefore appoint “new guards” to ensure our public safety and threats against our society, both domestic and foreign. The Federation must employ the latest advances and best practices … to assuage continuous threats against public safety.

xvi. Whereas security of our homeland is inextricably linked to prosperity of the homeland, the economic and security interest of the region needs to be aligned under the same governance. Since economic crimes, including piracy and other forms of terrorism, can imperil the functioning of the wheels of commerce for all the citizenry, the accedence of this Federation must equip the security apparatus with the tools and techniques for predictive and proactive interdictions.

The need for the Caribbean to appoint “new guards” or a security pact to mitigate foreign and domestic threats in the region is the primary lesson to glean from the foregoing encyclopedic article – a consideration of the history of Cinco De Mayo. This security pact is to be legally constituted by a Status of Forces Agreement which would be enacted as a complement to the CU confederation treaty. The Go Lean roadmap provides 370-pages of turn-by-turn directions on how to deploy cutting-edge strategies, tactics and implementations to succeed in this goal.

In addition, there are other lessons – secondary – that we learn from this consideration of the history of Cinco De Mayo:

The Go Lean book details a roadmap with turn-by-turn directions for transforming the Caribbean homeland. The following is a sample of the community ethos, strategies, tactics, implementations and advocacies to impact the Caribbean region for this turnaround:

Community Ethos – Economic Principle – Economic Systems Influence Choices Page 21
Community Ethos – Economic Principle – Consequences of Choices Lie in the Future Page 21
Community Ethos – Anti-Bullying and Mitigation Page 23
Community Ethos – Minority Equalization Page 24
Community Ethos – Cooperatives Page 25
Community Ethos – Ways to Improve Sharing Page 35
Strategy – Vision – Confederating a Non-Sovereign Union Page 45
Strategy – Mission – Protect Economic Engines from threats Page 45
Tactical – Fostering a Technocracy Page 64
Tactical – Separation of Powers Page 71
Implementation – Start-up Foreign Policy Initiatives Page 102
Implementation – Security Initiatives at Start-up Page 103
Implementation – Ways to Deliver Page 109
Implementation – Ways to Better Manage Debt Page 118
Implementation – Ways to Promote Independence – Interdependence Page 120
Planning – 10 Big Ideas – Defense / Homeland Security Pact Page 127
Planning – Ways to Make the Caribbean Better Page 131
Planning – Ways to Better Manage Image Page 133
Planning – Ways to Improve Failed-State Indices Page 134
Planning – Lessons from the American West Page 142
Advocacy – Ways to Grow the Economy Page 151
Advocacy – Ways to Create Jobs Page 152
Advocacy – Ways to Improve Governance Page 168
Advocacy – Ways to Better Manage the Social Contract Page 170
Advocacy – Ways to Impact Justice Page 177
Advocacy – Ways to Improve Homeland Security Page 180
Advocacy – Ways to Mitigate Terrorism Page 181
Advocacy – Ways to Protect Human Rights Page 220

Mexico is a beautiful country, with a beautifully diverse population plus a lot of natural resources. They experience a vibrant tourism product where millions visit annually for Mexican hospitality – they are a fit competitor of Caribbean tourism, even for cruises. See VIDEO here:

VIDEO: Mexico: Live It to Believe It – Cultural Diversity 2015 – https://youtu.be/jciVmLL_UgY

Published on Feb 27, 2014 – A production of the Mexico Department of Tourism; commissioned for the Central American and Caribbean Games in Veracruz from November 14 to 30, 2014.

Many people visit Mexico, but few would consider moving there permanently. In fact just the opposite occurs, the societal abandonment problem in Mexico is very pronounced. Their northern neighbor, the United States, has constant security issues of illegal Mexican migrants. Mexico has been dysfunctional for their entire history as a Republic. They must do better! While this quest is out-of-scope for the CU/Go Lean roadmap, we can learn lessons from their actions and inactions.

The Go Lean book posits (Page 3) that the Caribbean islands are among the greatest addresses in the world. But like Mexico, instead of the world “beating a path” to our doors, the people of the Caribbean have “beat down their doors” to get out; despite the absence of any war or revolution … like our Mexican neighbors. Our abandonment is inexcusable.

May we learn from this history of Mexico! Mexican culture is great! Enjoy the festivities: their people, food, drink, music and dance. But let’s do better … than they have done. Let’s make the Caribbean even better, where our citizens can prosper where they are planted; let’s make our homeland better places to live, work and play.  🙂

Download the free e-Book of Go Lean … Caribbean – now!

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Plea to Philanthropists: Give us your Time, Talent and Treasuries

Posted on May 3, 2017 in Social, Strategy

Go Lean Commentary 

Who is Sandy Weill? And why is his name important … to our cause for reforming and transforming the Caribbean?

The question relates not just to Mr. Sanford Weill, but to his wife – Joan – as well. So the question is “Who are Sandy and Joan Weill?

CU Blog - Philanthropist - Give us your Time, Talent and Treasuries - Photo 1

Accordingly, the publishers of the book, Go Lean…Caribbean know of them … well.  They are featured in the book; they are listed on Page 292 on the list of Billionaire Philanthropists. (That’s Billionaire with a ‘B’). These ones – 113 Billionaires as of July 2013 – had signed the “Giving Pledge”; they have committed to giving more than half of their wealth to charitable causes. See this explanation from the book (and the list) here:

The Bottom Line on Philanthropy
The “Occupy Wall Street” movement emerged in 2011 and proclaimed the slogan “We are the 99%”, referring to income inequality and wealth distribution in the US between the wealthiest One Percent and the rest of the population. But there is more than what “meets the eye” about this One Percent.

As governments around the world pull back, due to austerity and sequestration (US version in 2013), the philanthropic sector will be a critical force in meeting global needs. In what is called the “Giving Pledge” 113 billionaires have committed to give more than half of their wealth to charitable organizations. This level of philanthropy, over $37 billion by Warren Buffett alone, is historically unprecedented. Warren Buffett most lasting contribution will not be his money; rather that he has successfully leveraged his social network and the media to inspire other billionaires to give extraordinary wealth for charitable good. He is reshaping the way the rich think about money and giving, [and the way the rest of the world thinks about the rich]. Some notable names to sign the pledge: Microsoft founder Bill Gates, Richard Branson, Home Depot cofounder Arthur Blank and Hedge Fund mogul Bill Ackman, (see Appendix N [on Page 292]) – Forbes.com.

 CU Blog - Philanthropist - Give us your Time, Talent and Treasuries - Photo 2

(Click to Enlarge)

Some of these billionaires have pledged to go even further than just giving of their treasuries (money), but also pledge to give their time and talents. This is the familiarity with Sandy and Joan Weill. See the article here from the CNBC TV network. This Opinion-Editorial was written directly by them. See here:

Title: Philanthropy isn’t just about money
By: Joan and Sandy Weill
We both hail from Brooklyn and when we got married 58 years ago our goal in life was very simple. We wanted to do well enough to be able to afford a deep fryer. This is the honest truth. Sandy worked as a runner on Wall Street making $150 a month, while Joan earned more than Sandy working only two days a week as a teacher.

As a result of compound interest over the years, Joan is adamant that Sandy still owes her money from these early days!

Through much hard work and determination, we were able to buy that deep fryer and, as they say, the rest is history. We have been blessed beyond our wildest imaginations, and we plan to spend the years we have left doing what we have been passionate about for almost four decades now, giving back to a world that has been very good to us.

For us, philanthropy is much more than just writing a check. It’s donating your time, energy, experience, and intellect to the causes and organizations you are passionate about. In the early days, we used to say that Joan took care of the streets and Sandy took care of culture. We look at a nonprofit the same way we look at a company—investing in a nonprofit is like buying stock in that organization and we are always looking for the greatest return on our investment.

Education and partnership are at the heart of everything we do philanthropically, and we make long term commitments to the organizations we lead: Sandy is the founder and chairman of the National Academy Foundation (since 1982); chairman of Carnegie Hall (since 1991); chairman of Weill Cornell Medical College (since 1995); chairman of the Green Music Center at Sonoma State University (since 2011); and active with the Lang Lang International Music Foundation; Hospital for Special Surgery; University of California, San Francisco Medical Center; Committee Encouraging Corporate Philanthropy; Sidra Medical and Research Center in Qatar; and Rambam Hospital in Israel.

Joan is chair of Alvin Ailey American Dance Theater (since 2000); co-chair of the New York Presbyterian/Weill Cornell Medical Center Women’s Health Symposium (since 2000); remains chair emeritus of Paul Smith’s College in the Adirondacks; and is active with Citymeals-On-Wheels, Carnegie Hall, National Academy Foundation, Green Music Center at Sonoma State University and the Lang Lang International Music Foundation. Joan really has a passion for making a difference in people’s lives one at a time.

Given the various hats we wear with different nonprofit organizations that span the entire United States, we see a new paradigm emerging. It is no secret that federal, state and local budgets are shrinking because of today’s challenging economic environment. As a result, the public sector does not have the capital to support education, health care, music and the arts at the level it has been able to do for the last 100 years. The new paradigm we see is the importance of public-private partnerships. The public sector needs the money, and the private sector is going to demand results that will create new, higher standards to benefit everyone. This translates to the need for more philanthropy, and our private sector must answer the call by getting its employees involved and contributing not just financially, but with their time, enthusiasm and experience.

The National Academy Foundation is an example of a public-private partnership model that works. Sandy founded the organization back in 1982 in partnership with the New York City Board of Education, the teachers union and the private sector. The first Academy of Finance opened its doors at John Dewey High School in Brooklyn. Today, the National Academy Foundation has over 500 academies of finance; hospitality and tourism; information technology; engineering; and health sciences that educate more than 60,000 high school students across the country at a very low cost of less than $500 per student. The program has a 97-percent graduation rate with 84 percent of these graduates going on to college, often the first in their family to do so. Employees of more than 2,500 companies volunteer in classrooms, act as mentors, engage National Academy Foundation students in paid internships and serve on local advisory boards.

From our own experiences in philanthropy over the last almost four decades, we have found the following lessons very useful:

  1. Don’t be afraid to make mistakes.
  2. Don’t be afraid to hire people smarter than you.
  3. The busiest people can always do more.
  4. You can run a better private business if you help run philanthropic enterprises.
  5. Whatever you do, be passionate about it.
  6. Keep it focused, you can’t do everything.
  7. If you don’t understand something, don’t do it.
  8. Teams win.
  9. Be a pragmatic dreamer.
  10. Maintain a good sense of humor and never take yourself too seriously.

Philanthropy has been a large part of our lives for many years and is something we are deeply passionate about and enjoy doing together. We would encourage you to set goals, and as you come close to achieving those goals, push them out a little further. You will be really amazed at what you can achieve. After all, we began our journey just trying to get our hands on a deep fryer!
—By Sandy and Joan Weill for CNBC.
Source: CNBC – Consumer and Business News Channel – Posted 09/09/2013; retrieved 05/02/2017 from: http://www.cnbc.com/id/101019341

Related Articles:

Consuming this information, we learn an important factoid about Sandy and Joan Weill – more on Sandy the “Banker” in the Appendix below – and all private philanthropists for that matter:

“the private [funding] sector [(all philanthropists)] is going to demand results that will create new, higher standards to benefit everyone.”

In the Caribbean, we now welcome these higher standards, as we welcome the contributions from these philanthropists.

This message we now send to these 113 Billionaires on the Giving Pledge List – and all other philanthropists for that matter:

Give us your time, talent, treasuries and whatever higher standards. We will equally pledge to you, to ‘give and take’. We will take your contributions and give to you the needed accountability and corporate governance.

This is a familiar topic for this movement behind the book Go Lean … Caribbean. We have frequently observed-and-reported on the efforts of philanthropists and NGO’s in their efforts to reform and transform society. We have seen their successes … and failures. Consider the highlights of this previous effort by another “Giving Pledge Billionaire”, Facebook’s Mark Zuckerberg; where he struggled with trying to remediate the inner city school system in Newark, New Jersey (USA):

The issues of education reform, best practices, and funding options are stressed in the book Go Lean…Caribbean, even though these are not the primary focus of the book. Rather this book serves as a roadmap for the introduction and implementation of the Caribbean Union Trade Federation (CU), with the focus being on these following 3 prime directives:

  • Optimization of the economic engines in order to grow the regional economy to $800 Billion & create 2.2 million new jobs.
  • Establishment of a security apparatus to protect the resultant economic engines.
  • Improve Caribbean governance to support these engines.

Yet, the book posits that education is a vital consideration for economic empowerment; so too are non-government organizations, like Zuckerberg’s foundation. The book specifically highlights an important role that foundations execute in the sphere of foreign aid, sometimes even better than national governments (Page 219):

    One major argument against federally funded foreign aid is that the money is often lost to governmental corruption in the countries it was supposed to help. In 2003, a top university in Bangladesh claimed that at least 75% of all foreign aid given to that government was lost because of corruption. Since faith-based foreign aid focuses on churches or organizations operating independently of the government, funding has a better chance of being used effectively.

The [featured] news article though, highlights an onshore example, in the US, with multi-level governmental support, plenty of money, and yet still: failure! [So the solution for a lot of social problems is not just money alone].

So reforming and transforming the Caribbean takes more than just money; we need wisdom (best-practices and know-how) as well. The Go Lean roadmap provides the step-by-step plan to invite and engage philanthropists in the cause to elevate Caribbean society, to actually get them to give of their time and talent. It does not matter that these philanthropists (members of the One Percent class) may not be Caribbean-based. While many may be physically in the US, Canada and/or Europe, we know that they use the Caribbean as their playground. They are therefore identified as stakeholders of this regional empowerment plan.

The Go Lean roadmap is designed to cater to this One Percent group. See the headlines of this advocacy from the book here:

10 Ways to Impact the One Percent – Page 224

1 Lean-in for the Caribbean Single Market This will allow for the unification of the region into one market, thereby expanding to an economy of 30 countries, 42million people and a GDP of over $800 Billion (c. 2010). The CU will foster the development for the entire region to aspire for a better life, filled with opportunities for greater prosperity. Those already across the prosperity thresholds, the One Percent, are also included in the “dream” for a more integrated society. So the CU will not penalize the rich for being rich; on the contrary, the region wants to respond to any invitation from rich philanthropists to engage. The CU will therefore invite more participation from this population, by soliciting direct foreign investments, incentivizing industrial initiatives and promoting activities appealing to the upper classes, like art, music, sports and culture.
2 Oversight for Non-for-Profit Foundations Many of the members of the One Percent facilitate charitable contributions by means of their personal or otherwise aligned foundations. The CU will therefore facilitate the eco-system for not-for-profit foundations.The CU Department of State will facilitate incorporations, administration and oversight. The CU will mandate accountability, transparency, financial integrity, and quality/risk management. In fact these foundations will qualify to utilize a lot of the CU’s e-Delivery methods, systems and resources.
3 Solicit Charitable Contributions Many of the CU advocacies align with the not-for-profit foundations of the billionaires and millionaires included in the One Percent. The CU will establish Special [Liaison] Groups with the organization structure to cater to this “crowd”. The goal will be to solicit their charitable contributions ($ Billions pledged) to CU regional targets. The CU member-states are all considered Third World countries that “need” a helping hand. The CU Special [Liaison] Group will promote the required image, proposals and supportive services.
4 Job Creators Inducements
5 Simplified Tax Code
6 Security Pact – Law Enforcement Provisions
7 Intelligence Gathering and Analysis – Special Victims
8 Maritime Emergency Management
9 Paparazzi Protections
10 High-end Tourism

The points of effective, technocratic stewardship of Non-Government Organizations (NGO’s), social & civic agencies and not-for-profits have been elaborated upon in previous blog/commentaries. Consider this sample:

https://goleancaribbean.com/blog/?p=10449 Mike Ilitch: Profile of a good Rich Man in his Community
https://goleancaribbean.com/blog/?p=9038 Plan to Improve Charity Management
https://goleancaribbean.com/blog/?p=8243 Zuckerberg’s Philanthropy Project Makes First Major Investment
https://goleancaribbean.com/blog/?p=7822 Sean Parker – Doing More for Cancer
https://goleancaribbean.com/blog/?p=6422 Microsoft’s Corporate Philanthropy for Kids in Computer Science
https://goleancaribbean.com/blog/?p=5462 Bad Charity Model: Red Cross’ $500 Million In Haiti Relief
https://goleancaribbean.com/blog/?p=4037 How to Better Manage Rich Foreign Direct Investors
https://goleancaribbean.com/blog/?p=3760 Concerns about ‘Citizenship By Investment Programs’
https://goleancaribbean.com/blog/?p=3432 Balanced Attitude about Begging (Soliciting Aid)
https://goleancaribbean.com/blog/?p=1763 Gates Foundation: Changing the World with Time, Talent & Treasuries

Overall, the Go Lean book stresses the community ethos, strategies, tactics, implementations and advocacies to reform and transform the economic, security and governing engines of Caribbean society. This effort will be egalitarian towards all men (and women), but we understand that some people – the One Percent – are better equipped to help our transformation goals. We must not fail to extend the needed hospitality to this group.

But there is a need for caution! We do not want the customary corruption that can come from Crony-Capitalists and Plutocrats. This warning was urged in the beginning of the Go Lean book, opening with these pronouncements in the Declaration of Interdependence (Page 12):

x. Whereas we are surrounded and allied to nations of larger proportions in land mass, populations, and treasuries, elements in their societies may have ill-intent in their pursuits, at the expense of the safety and security of our citizens. We must therefore appoint “new guards” to ensure our public safety and threats against our society, both domestic and foreign. …

xi. Whereas all men are entitled to the benefits of good governance in a free society, “new guards” must be enacted to dissuade the emergence of incompetence, corruption, nepotism and cronyism at the peril of the people’s best interest.  The Federation must guarantee the executions of a social contract between government and the governed.

Now is the time for all stakeholders – Rich Man, Poor Man, Beggar Man … – in the Caribbean to lean-in for the empowerments described here-in and in the book Go Lean … Caribbean. We must engage all parties willing to help. If rich people (the One Percent) want to give away half of their wealth, then it will be foolish not to join the queue to receive it.

The Go Lean book urges this wise course for the Caribbean region. We should welcome the resources of the One Percent, their time, talents and treasuries, to help make our homeland a better place to live, work and play. 🙂

Download the free e-book of Go Lean … Caribbean – now!

Sign the petition to lean-in for the roadmap for the Caribbean Union Trade Federation.

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Note: In the interest of full disclosure, this blog-writer is a “Citi” alumnus.

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Appendix – Sanford I. Weill’s Corporate Biography Summary

Born March 16, 1933, Sanford (Sandy) Weill is an American banker, financier and philanthropist.[2][3][4][5][6][7][8][9][10] He is a former chief executive and chairman of Citigroup. He served in those positions from 1998 until October 1, 2003, and April 18, 2006, respectively.

Early life

Weill was born in the Bensonhurst section of Brooklyn, New York, to Polish Jewish immigrants, Etta Kalika and Max Weill.[11][12] He attended P.S. 200 in Bensonhurst. He also attended Peekskill Military Academy in Peekskill, New York, then enrolled at Cornell University where he was active in the Air Force ROTC and the “Alpha Epsilon Pi” Fraternity. Weill received a Bachelor of Arts degree in government from Cornell in 1955.[11]

Weill married Joan Mosher on June 20, 1955. The couple lives in Greenwich, Connecticut. They have two adult children….

Business career

Weill, shortly after graduating from Cornell University, got his first job on Wall Street in 1955 – as a runner for Bear Stearns. In 1956, Weill became a licensed broker at Bear Stearns.[14] Rather than making phone calls or personal visits to solicit clients, Weill found he was far more comfortable sitting at his desk, poring through companies’ financial statements and disclosures made to the U.S. Securities and Exchange Commission. [His other career positions].

Building Shearson (1960–1981)

Founder of different entities that evolved to Shearson Loeb Rhoades.

American Express (1981–1985)

In 1981, Weill sold Shearson Loeb Rhoades to American Express for about $930 million in stock. Weill began serving as president of American Express Co. in 1983 and as chairman and CEO of American Express’s insurance subsidiary, Fireman’s Fund Insurance Company.

Before Citigroup (1986–1998)

Weill resigned from American Express in August 1985 at age 52. After an attempt to become the CEO of BankAmerica Corp. (and “take over” Merrill Lynch, according to a Jamie Dimon interview in 2002), he persuaded Minneapolis-based Control Data Corporation to spin off a troubled subsidiary, Commercial Credit, a consumer finance company. In 1986, with $7 million of his own money invested in the company, Weill took over as CEO of Commercial Credit. After a period of layoffs and reorganization, the company completed a successful IPO.

In 1987, he acquired Gulf Insurance. The next year, he paid $1.5 billion for Primerica, the parent company of Smith Barney and the A. L. Williams insurance company. In 1989 he acquired Drexel Burnham Lambert‘s retail brokerage outlets. In 1992, he paid $722 million to buy a 27 percent share of Travelers Insurance, which had gotten into trouble because of bad real estate investments.

Post-Citigroup

In 2002, the company was hit by the wave of Wall Street managerial restructuring that followed the stock market downturn of 2002. Charles Prince replaced Weill as the CEO of Citigroup on October 1, 2003.

Advocate for bank break-up

On July 25, 2012, Weill apparently reversed course on the financial supermarket and stated “What we should probably do is go and split up investment banking from banking, have banks be deposit takers, have banks make commercial loans and real estate loans, have banks do something that’s not going to risk the taxpayer dollars, that’s not too big to fail,” Weill said on CNBC. “If they want to hedge what they’re doing with their investments, let them do it in a way that’s going to be mark-to-market so they’re never going to be hit.”[18][19][20]

Source: Retrieved May 2, 2017 from Wikipedia at: https://en.wikipedia.org/wiki/Sanford_I._Weill

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Appendix VIDEO – Big banks don’t need to be split up: Sandy Weill – http://video.cnbc.com/gallery/?video=3000197127

Posted Sep 10, 2013 – The big banks don’t have to be split if the “right regulation” is in place, Sandy Weill, former chairman and CEO at Citigroup, told CNBC on Tuesday, a year after he shocked the financial world by calling for the breakup of the investment banking and commercial banking operations.

 

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Forging Change: Collective Bargaining

Posted on April 28, 2017 in Economics, Government, Industries, Strategy

Go Lean Commentary

Want to re-negotiate? You must be prepared to  give the other party something they don’t currently have:

To the Caribbean Cruise industry, we present you: a Single Market of 42 million consumers.

CU Blog - Forging Change - Consuming Cruises - Photo 1

These 42 million people were always there, just not considered potential customers for the Cruise Line Industry. But money is money; it still spends the same way.

This seems so familiar!

This feels like the Southern US during the days of Jim Crow Racial Segregation. The US States practicing these policies where the “best place to live” if you were White. The Black people were there, facilitating and supporting commerce and industry, but were not supposed to be seen; they were 2nd Class citizens … in their own country. The Merchants wanted their money, just not their presence.

If you were Black and wanted to get lunch from a cafeteria, you had to “Go outback and get brown bag food from the kitchen”, while White customers got the hospitality of in-store dining.

Same money; different respect. The protests against this blatant wrong practice galvanized the US and the Civil Rights movement. See photos here:

CU Blog - Forging Change - Consuming Cruises - Photo 3

CU Blog - Forging Change - Consuming Cruises - Photo 2

CU Blog - Forging Change - Consuming Cruises - Photo 4

See the news article in the Appendix below, commemorating the 50th Anniversary of the Civil Rights Struggles of the early 1960’s. It has been 53 years now, since the abolition of this bad policy with the Civil Rights Act of 1964. This history is sitting here as a teaching moment for us in the Caribbean:

Has our region learned any lessons from this history?

It can be concluded that the answer is “No”! We have tolerated an unjust system here in our region in which the 42 million residents in the Caribbean have been treated as 2nd Class citizens … in their own countries regarding local cruise consumption.

Fact:
If you’re a Caribbean citizen and you want to take a Caribbean cruise, you have to fly to Miami, Ft. Lauderdale, Tampa, Port Canaveral, Baltimore, New York or Puerto Rico to originate the cruise, even though the ships itinerary may come right to your Caribbean port. This means you Nassau, Montego Bay, Grand Cayman, St Thomas, St. Martin and others.

Welcome to 1960’s … redux!

There is the need to forge change in the Caribbean; the same as there was the need to forge change in 1960’s America. Consuming cruises is just one of the challenges that we have to contend with in our region. This is reflective of the disrespect that exists in our society. We have dysfunctions in our economics, security and governing engines. We are 2nd class citizens on the world stage! We have the greatest address on the planet – demonstrated in that 80 million tourists consume our marketplace every year, 10 million via cruises – and yet our own people have to break down the doors to get out to find the respectful life that they need, want and deserve in foreign countries.

Enough! Time to change … here … now! But how?

This is the quest of the movement behind the book Go Lean…Caribbean. It presents a roadmap to change – to elevate – Caribbean society by rebooting the economic, security and governing engines in the 30 member-states that constitute the Caribbean. The book opens with the thesis (Page 3) that the problems of the Caribbean are too big for any one member-state to tackle alone. Cruise vacations are not one of our biggest problems, but the issues here-in are indicative of the lack of respect we have in our region and as a region of 30 separate entities. We need the change of being considered one entity; we need Collective Bargaining. Yes, it makes us more formidable in our negotiations with the Cruise Lines, but as stated in the opening, it also brings something new to the table that the Cruise Lines do not currently have: our 42 million local consumers.

According to a previous Go Lean blog-commentary, this could be a win-win for all stakeholders connected to the cruise tourism eco-system:

Some of the most popular cruise destinations include the Bahamas, Jamaica, Cayman Islands and Saint Martin. Alone, these port cities/member states cannot effect change on this cruise line industry. But together, as one unified front, the chances for success improves exponentially. The unified front is the Caribbean Union Trade Federation (CU). The term Union is more than a coincidence; it was branded as such by design. The Go Lean book serves as a roadmap for the introduction and implementation of the CU.

The vision of this integration movement is for the region to function as a Single Market. The quotation from the Go Lean book continues in advocating that the Caribbean member-states (independent & dependent) lean-in to this plan for confederacy, convention and collaboration. This is Collective Bargaining 101. From the outset, the book recognized the significance of our exercising authority over the Caribbean Seas. This point was pronounced in the opening Declaration of Interdependence (Page 11):

    v. Whereas the natural formation of our landmass and coastlines entail a large portion of waterscapes, the reality of management of our interior calls for extended oversight of the waterways between the islands. The internationally accepted 12-mile limits for national borders must be extended by International Tribunals to encompass the areas in between islands. The individual states must maintain their 12-mile borders while the sovereignty of this expanded area, the Exclusive Economic Zone, must be vested in the accedence of this Federation.

The confederacy goal entails accepting that there is interdependence among the Caribbean member-states. Implementation-wise, this shifts the responsibility for cruise line negotiations to a region-wide, professionally-managed, deputized technocracy that can result in greater production and greater accountability.

So this is one strategy for forging change in our region, in this case: collective bargaining, on behalf of the 42 million consumers in the Caribbean. This is a continuation of the various strategies, tactics and implementations that have been considered for forging change here in the homeland. These have been identified in a series of previous Go Lean blog-commentaries over the past 2 & 1/2 years, this is the tenth submission. These were presented as follows, in reverse chronological order:

  1. Forging Change – Collective Bargaining (Today)
  2. Forging Change – Addicted to Home (April 14, 2017)
  3. Forging Change – Arts & Artists (December 1, 2016)
  4. Forging Change – Panem et Circenses (November 15, 2016)
  5. Forging Change – Herd Mentality (October 11, 2016)
  6. Forging Change – ‘Something To Lose’ (November 18, 2015)
  7. Forging Change – ‘Food’ for Thought (April 29, 2015)
  8. Forging Change – Music Moves People (December 30, 2014)
  9. Forging Change – The Sales Process (December 22, 2014)
  10. Forging Change – The Fun Theory (September 9, 2014)

This commentary is urging Caribbean stakeholders to come together – to collaborate, convene and confederate – to better negotiate with Third Parties to forge change and impact the people that live, work and play here in the Caribbean.

This quest is conceivable, believable and achievable. Look at this news article here that depicts that one Cruise Line (Tropicana Cruises) and one port city (Port Castries, St. Lucia) who have implemented a strategy of local consumption. (The arrangement exists for other ports as well, as in Trinidad).

Title: New cost effective way for St. Lucians to cruise the Caribbean 

Saint Lucians now have a cost effective way to cruise the Caribbean.

Minister in the Office of the Prime Minister with responsibility for tourism, Hon. Dominic Fedee, was on hand to greet the crew of the MV Adriana for its maiden call to Port Castries.

Accompanied by the Executive Chairperson of the Saint Lucia Tourist Board (SLTB) Agnes Francis, the minister said he was pleased at what this new development means for the people of Saint Lucia.

“Saint Lucians will now have a chance to board a cruise from Port Castries without having to fly to any destination or any other home port but right here from Saint Lucia,” he said.

Owner of the MV Adriana Captain Sergey Poniatovsky gave a background to the rationale of the visa-free Caribbean cruise.

“This ship is very unique, it is not like any other cruise ship. The ship is specifically for Caribbean islands, it is like a discovery vessel, with a family and private yacht atmosphere. We have an incredible itinerary which allows people living within these West Indies to have a synergy between islands. We have the opportunity to show each island nation as a destination and bring families together.”

In addition to touring the ship, the minister and the ship captain exchanged gifts to mark the momentous occasion.

Information on the MV Adriana Caribbean cruise can be found at the Saint Lucia Tourist Board and local travel agents.
Source: St Lucia Times Daily Newspaper – Posted March 30, 2017; retrieved April 27, 2017 from: https://stluciatimes.com/2017/03/30/new-cost-effective-way-st-lucians-cruise-caribbean

CU Blog - Forging Change - Consuming Cruises - Photo 0

This quest for collective bargaining (negotiations) is both an art and a science. The Go Lean book describes this fact in a chapter on negotiations entitled  (Page 32):

10 Ways to Improve Negotiations

#2 – Bargain from Position of Strength
For the CU, negotiation is an art and a science. As a technocratic institution representing the economic integration of the region, we must project the Single Market as bigger than initial appearances. The CU represents 42 million people in 30 member-states, with a GDP of over $800 Billion, but also some 8 million [to 20 million] engaged members of the Caribbean Diaspora, scattered throughout the US, Canada and EU countries. There are also many visitors, one estimate is at 80 million yearly. The economic opportunities, catering to this market, can be quite enormous, once properly exploited.

What is the art?

The fact that different people get different results from negotiations is indicative of the fact that not all people are Negotiating Artist.

Sounds familiar?

This was the campaign line from Donald J. Trump, the 45th President of the United States. Previously as a successful business man and media star, he was proud of his artistic accomplishment in the arena of negotiations. His co-wrote this book to this effect:

Book title: “The Art of the Deal”

President Donald J. Trump lays out his professional and personal worldview in this classic work—a firsthand account of the rise of America’s foremost deal-maker.

CU Blog - Forging Change - Consuming Cruises - Photo 5

“I like thinking big. I always have. To me it’s very simple: If you’re going to be thinking anyway, you might as well think big.”—Donald J. Trump

Here is Trump in action—how he runs his organization and how he runs his life—as he meets the people he needs to meet, chats with family and friends, clashes with enemies, and challenges conventional thinking. But even a maverick plays by rules, and Trump has formulated time-tested guidelines for success. He isolates the common elements in his greatest accomplishments; he shatters myths; he names names, spells out the zeros, and fully reveals the deal-maker’s art. And throughout, Trump talks—really talks—about how he does it. Trump: The Art of the Deal is an unguarded look at the mind of a brilliant entrepreneur—the ultimate read for anyone interested in the man behind the spotlight.
Source: Amazon.com retrieved April 27, 2017 from: https://www.amazon.com/Trump-Art-Deal-Donald-J/dp/0399594493

What about the science?

Nobel Prize Winner John F. Nash (1928 – 2015) is best known for his landmark work in applying science to the process of collective bargaining and negotiations (Game Theory). He was the subject character in the Hollywood movie: A Beautiful Mind; see Movie Trailer in the Appendix VIDEO. These encyclopedia details relate:

He was a mathematician who made fundamental contributions to game theory, differential geometry, and the study of partial differential equations.[2][3] Nash’s work has provided insight into the factors that govern chance and decision-making inside complex systems found in everyday life.

His theories are widely used in Economics. Serving as a Senior Research Mathematician at Princeton University during the latter part of his life, he shared the 1994 Nobel Memorial Prize in Economic Sciences with game theorists Reinhard Selten and John Harsanyi. …

Nash earned a Ph.D. degree in 1950 with a 28-page dissertation on Non-cooperative Games.[13][14] His thesis contained the definition and properties of the [now widely accepted] Nash Equilibrium.

—–

The Nash equilibrium – a subset of game theory – is a solution concept of a non-cooperative game involving two or more players in which each player is assumed to know the equilibrium strategies of the other players, and no player has anything to gain by changing only his or her own strategy.[1] If each player has chosen a strategy and no player can benefit by changing strategies while the other players keep theirs unchanged, then the current set of strategy choices and the corresponding payoffs constitutes a “Nash Equilibrium”. The Nash equilibrium is one of the foundational concepts in game theory. The reality of the Nash Equilibrium of a game can be tested using experimental economics methods.

Stated simply, Amy and Phil are in Nash Equilibrium if Amy is making the best decision she can, taking into account Phil’s decision while Phil’s decision remains unchanged, and Phil is making the best decision he can, taking into account Amy’s decision while Amy’s decision remains unchanged. Likewise, a group of players are in Nash equilibrium if each one is making the best decision possible, taking into account the decisions of the others in the game as long as the other party’s decision remains unchanged.

Applications
Game theorists use the Nash equilibrium concept to analyze the outcome of the strategic interaction of several decision makers. In other words, it provides a way of predicting what will happen if several people or several institutions are making decisions at the same time, and if the outcome depends on the decisions of the others. The simple insight underlying John Nash’s idea is that one cannot predict the result of the choices of multiple decision makers if one analyzes those decisions in isolation. Instead, one must ask what each player would do, taking into account the decision-making of the others.

Nash equilibrium has been used to analyze hostile situations like war and arms races[2] (see prisoner’s dilemma), and also how conflict may be mitigated by repeated interaction (see tit-for-tat). It has also been used to study to what extent people with different preferences can cooperate (see battle of the sexes), and whether they will take risks to achieve a cooperative outcome (see stag hunt). It has been used to study the adoption of technical standards,[citation needed] and also the occurrence of bank runs and currency crises (see coordination game). Other applications include traffic flow (see Wardrop’s principle), how to organize auctions (see auction theory), the outcome of efforts exerted by multiple parties in the education process,[3] regulatory legislation such as environmental regulations (see tragedy of the Commons),[4] analysing strategies in marketing[5] and even penalty kicks in football [(soccer)] (see matching pennies).[6]
Source: Retrieved April 27, 2017 from https://en.wikipedia.org/wiki/John_Forbes_Nash_Jr.; https://en.wikipedia.org/wiki/Nash_equilibrium

The Caribbean Union Trade Federation (CU) is presented in the Go Lean book as a technocratic organization, where best-practices (art) and scientific methods are the norm. The book features the following chapter (Page 64):

Fostering a Technocracy

#1 – Lean-in for the Caribbean Single Market.
This treaty calls for a technocratic confederation of the Caribbean region into a single market of 30 member-states and 42 million people. The term technocracy was originally used to designate the application of the scientific method to solving social & economic problems, in counter distinction to the traditional political or philosophic approaches. The CU must start as a technocratic confederation – a Trade Federation – rather than evolving to this eventuality due to some failed-state status or insolvency.

The art-and-science of negotiation is part-and-parcel of the heavy-lifting the Go Lean movement envisions for the Caribbean technocracy. Considering the natural law: “Reap what you sow”, we should be able to generate the benefits anticipated in the stated prime directives, identified with the following 3 statements:

  • Optimization of the economic engines in order to grow the regional economy to $800 Billion & create 2.2 million new jobs.
  • Establishment of a security apparatus to protect the resultant economic engines.
  • Improvement of Caribbean governance to support these engines.

Underlying to this issue of collective bargaining and negotiation is the quest to forge changes in the cruise industry – jobs and commerce are at stake. The Go Lean movement has frequently blogged on issues and efforts related to improving the cruise eco-system for the region. Consider these samples:

https://goleancaribbean.com/blog/?p=6635 New Security Chip in Credit Cards Unveiled
https://goleancaribbean.com/blog/?p=5993 Carnival to ban carry-on bottled beverages
https://goleancaribbean.com/blog/?p=5307 Cruise Passengers and Violent Crime Warnings
https://goleancaribbean.com/blog/?p=5210 Cruise Ship Commerce – Getting Ready for Change
https://goleancaribbean.com/blog/?p=4639 Tobago: A Model for Cruise Tourism
https://goleancaribbean.com/blog/?p=3889 Electronic Payments– Ready for Change in Cruise Commerce
https://goleancaribbean.com/blog/?p=3225 Regional aviation dysfunction leading to more cruise traffic

The elevation of cruise commerce in the region is one of 144 missions within the Go Lean roadmap. The book details the applicable community ethos, strategies, tactics, implementation and advocacies to succeed in these efforts. The Go Lean book explains that the benefits of this roadmap will not just happen, we must act; we must change and adapt to the changing world. The Cruise Line industry must also change, but we must present the end-result of these changes as win-win for all regional stakeholders.

In the end, the changes will be for the better; for the Greater Good and to promote a better partnership for all cruise industry stakeholders. These efforts will make Caribbean ports-of-call a better destination to live, work and play. 🙂

Download the free e-book of Go Lean … Caribbean – now!

Sign the petition to lean-in for the roadmap for the Caribbean Union Trade Federation.

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Appendix Title: Key Clubs and the Slow Death of Restaurant Segregation

Soon after President Johnson signed the Civil Rights Act of 1964 into law on July 2, hundreds of restaurants across the South integrated.

I wrote about some of them in a recent Garden & Gun feature:

On July 3, Cafe du Monde, the coffee and beignet stand in the French Quarter of New Orleans, served its first black customers without incident. On July 5, the Sun and Sand motel in Jackson, Mississippi, served its first black dining room client, but closed the swimming pool.

Dozens more refused to desegregate. In the years after, the names of those restaurant owners became infamous:  McClung in Alabama. Bessinger in South Carolina. Boyd in Georgia.

Their stories of defiance have long fascinated me.

One of the longest-running standoffs occurred in Shaw, Mississippi, where Dinty Moore owned and operated the Shady Nook. Over the course of a fifty-two year career, Dinty Moore, who died in 1984, never served a black man or woman in his restaurant’s dining room.

For an Oxford American column, published in 2000, I spoke with his son, Dana Moore:

“I talked to daddy about that back when the law was passed,” Dana told me. “I was serving in the legislature then and it seemed like everybody was looking for a way around the law. Things were different then. Daddy was thinking about making the café into a private club like some places were doing. I advised him that if he did, he needed to do it legally, to incorporate and get chartered as a bona fide private club. Next thing I knew, he was selling keys to the place for a dollar apiece and calling it the Shady Nook Key Club.”

Soon thereafter, the front door to the green masonry building was locked for good and a one-way mirror was installed so that Dinty Moore could see out but no one could see in. A door key or a smiling white face became the coin of the realm for those seeking admittance to the Shady Nook.

In this moment when we justly celebrate how far we have come since 1964, it’s also important to recognize that the struggle for equal access to public accommodations didn’t end on July 2 of that year.
Source: Posted July 1, 2014; retrieved April 27, 2017 from: https://www.southernfoodways.org/directors-cut-key-clubs-and-the-slow-death-of-restaurant-segregation/

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Appendix VIDEO – A Beautiful Mind Movie (2001) Official Trailer – https://youtu.be/YWwAOutgWBQ

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Caribbean Roots: Al Roker – ‘Climate Change’ Defender

Posted on April 21, 2017 in Ethos, Social, Strategy

Go Lean Commentary

Al Roker - Photo 1Make us proud ‘My Brother’; go fight our battles.

This is the message the Caribbean needs to send to one of its own, Al Roker, the on-air meteorologist for NBC and co-host of the morning newscast The Today Show.

Al Roker has Caribbean roots, as a legacy of parents from the Bahamas (and Jamaica; see Appendix A). He, himself has spent a lot of time there and reflect a lot of its values. Right now, he is being a Champion for a cause that is dear to the Bahamas, and all Caribbean for that matter:

Climate Change.

See how this Caribbean Champion battled prominent Climate Change deniers in this TV broadcast here. What’s sad is the actual denier in this case is Scott Pruitt, the Head of the American federal government environmental Watch-Dog, the EPA (Environmental Protection Agency).

America may have the luxury of “sticking its head in the sand” and not deal with Climate Change, but for those of us in the Caribbean, we do not have that luxury – we have a Clear-and-Present Danger right now.

See the news article and VIDEO of this champion’s defense:

Title: Al Roker Debunks EPA Head Scott Pruitt’s Stunning Denial On Human-Caused Climate Change
Sub-title: Roker: “No Credible Science Or Scientist” Would Support Pruitt’s Assertion CO2 Is Not A Primary Contributor To Global Warming
By: Media Matters Staff

NBC weatherman Al Roker debunked EPA head Scott Pruitt’s false claim that carbon dioxide is not a primary contributor to global warming during an appearance on MSNBC Live, explaining that there is “no credible science or scientist” to support Pruitt’s statement.

During the March 10 segment, Roker addressed Pruitt’s comments on the March 9 edition CNBC’s Squawk Box in which Pruitt said “I would not agree” that CO2 is “a primary contributor to the global warming that we see” — a statement completely at odds with the consensus among climate scientists that human activity is the primary cause of climate change.

To rebut Pruitt’s statements, Roker referenced an interview he recently conducted with climate scientist Dr. Marshall Shepherd, who explained that “greenhouse gases are in fact the primary forcing function on a warming climate system. … their fingerprint is there on our naturally varying climate in the same way steroids were on the naturally varying cycle of home runs during the Major League Baseball era.”

Roker also stated “there is no credible science or scientist” that would back up Pruitt’s assertion. Indeed, a number of climate scientists have weighed in on Pruitt’s statement, stating Pruitt’s denial “demonstrated that he is unqualified to run the EPA or any agency” and suggesting that Pruitt “talk with his own scientists and read the National Climate Assessment.”

Notably, however, NBC did not address Pruitt’s climate denial on the widely viewed Today show the same day, nor NBC Nightly News air a segment on Pruitt’s climate denial on March 9 — even though Pruitt’s denial received widespread attention across mainstream media.

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See full transcript of the interview between Al Roker and the MSNBC Host Katy Tur in Appendix B below.

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VIDEO – From the March 10 edition of MSNBC Live – https://mediamatters.org/embed/clips/2017/03/10/52688/msnbc-msnbclive-20170310-alrokerpruitt

This issue of monitoring, messaging and managing the stakeholders for Climate Change is an important mission for the movement behind the book Go Lean … Caribbean. The book presents the Caribbean region a roadmap to elevate its societal engines – economics, security and governance – and to be prepared for the Agents of Change impacting daily life in the Caribbean homeland. In total, the book identified these 4 Change Agents:

  • Technology
  • Globalization
  • Aging Diaspora
  • Climate Change

As a region, we are able to employ mitigations and remediation for all of these agents except for Climate Change. We are all small countries, nowhere on the list of “Big Polluters”, like the US (#2) and China (#1). We have neither a voice nor a vote in those countries, yet we need them to take the issue of Climate Change remediation seriously. Messaging is key! We need people like “Al Roker” – daily audience of 4 to 9 million people – speaking truth to power … on our behalf.

This advocacy – to proclaim impending danger to life and limb – is part of a new effort to elevate the societal engines of the Caribbean. This started with the Go Lean…Caribbean book and is being followed up by this and many other blog-commentaries. See here a sample of previous submissions heralding the need for the Caribbean region to be “on guard” for the imminent threats from Climate Change:

https://goleancaribbean.com/blog/?p=9455 Fix ‘Climate Change’ – Yes, We Can
https://goleancaribbean.com/blog/?p=7103 COP21 – ‘Climate Change’ Acknowledged
https://goleancaribbean.com/blog/?p=6893 A Meteorologist’s View On Climate Change
https://goleancaribbean.com/blog/?p=4673 Merchants of Doubts – Dynamics of Climate Change Deniers
https://goleancaribbean.com/blog/?p=2465 Book Review: ‘This Changes Everything: Capitalism vs. the Climate’
https://goleancaribbean.com/blog/?p=2276 Climate Change May Affect Food Supply Within a Decade
https://goleancaribbean.com/blog/?p=2119 Cooling Effect – Oceans and the Climate
https://goleancaribbean.com/blog/?p=1883 Climate Change May Bring More Kidney Stones

The Go Lean book serves as a roadmap for the introduction and implementation of the Caribbean Union Trade Federation (CU) as an inter-government agency for 30 regional member-states. This confederation will provide a technocratic stewardship for all the societal engines in the Caribbean. In fact, the prime directives of the roadmap includes the following 3 statements:

  • Optimization of the economic engines in order to grow the regional economy to $800 Billion & create 2.2 million new jobs.
  • Establishment of a security apparatus to ensure public safety and to protect the resultant economic engines  – including an Emergency Management functionality.
  • Improve Caribbean governance to support these engines, including a separation-of-powers mantra between the member-states and CU federal agencies.

Overall, the Go Lean book stresses the community ethos, strategies, tactics, implementations and advocacies to reboot, reform and transform the economic engines of Caribbean society.

What do we do now?

While we hope, pray and lobby the big polluting nations to do more, we have to prepare our Caribbean communities for the imminent onslaughts.

In previous blogs, this commentary cautioned the stakeholders in the Caribbean region, as follows:

  • Crap Happens! Prepare – The peril of a Climate Change-fueled hurricane is now a constant threat for Caribbean life, for all 30 member-states. It is assured that some Caribbean location will be impacted every year. While there is no guarantee for a strike “here or there”, there is a guarantee that there will be a strike somewhere.
  • Do Not be Hypocritical – Go ‘Green’ – If excessive carbon in the atmosphere by the Big Polluters is the culprit for infusing Greenhouse Gases, then we, as a region of small countries, need to do our share and set a good example of lowering our carbon footprint. Though our numbers are too small to make an impact, it does send the message that we are willing to “swallow the hard pill/take the medicine” ourselves that we are asking the Big Polluting nations to endure.

The global crisis of Climate Change is impacting all aspects of Caribbean life: economics, security (disaster preparation and response) and governance. A comprehensive view of the challenges befalling our region is the charge of the Go Lean roadmap, opening with these pronouncements in the Declaration of Interdependence (Page 11 and 12):

i.  Whereas the earth’s climate has undeniably changed resulting in more severe tropical weather storms, it is necessary to prepare to insure the safety and security of life, property and systems of commerce in our geographical region. As nature recognizes no borders in the target of its destruction, we also must set aside border considerations in the preparation and response to these weather challenges.

viii. Whereas the population size is too small to foster good negotiations for products and commodities from international vendors, the Federation must allow the unification of the region as one purchasing agent, thereby garnering better terms and discounts.

x. Whereas we are surrounded and allied to nations of larger proportions in land mass, populations, and treasuries, elements in their societies may have ill-intent in their pursuits, at the expense of the safety and security of our citizens. We must therefore appoint “new guards” to ensure our public safety and threats against our society, both domestic and foreign. …

Now is the time for all stakeholders – residents, governments, Diaspora, scientists, disaster planners, etc. – in the Caribbean to lean-in for the empowerments described here-in and in the book Go Lean … Caribbean. Climate Change is the Number One threat for our society; for the whole world actually, but we are on the frontlines. “We must protect this house”. We must be better and do better and help to make our homelands better places to live, work and play. 🙂

Download the free e-book of Go Lean … Caribbean – now!

Sign the petition to lean-in for the roadmap for the Caribbean Union Trade Federation.

———-

Appendix A – Al Roker’s Earliy Life

Al Roker was born in Queens, New York,[4] the son of Isabel, of Jamaican descent, and Albert Lincoln Roker, Sr.,[5] a bus driver of Bahamian descent.[6] Roker initially wanted to be a cartoonist.[5] He was raised Catholic[5] (in the faith of his mother) and graduated from Xavier High School in Manhattan.[7] He worked on several projects as a member of the school’s Cartooning & Illustration Club. He attended the State University of New York at Oswego where he received a B.A. in communications in 1976.

According to the July 2011 issue of Us Weekly in “25 Things You Did Not Know About Me”, Roker is the first cousin once removed of the late actress Roxie Roker, who was most notable for her role as Helen Willis on the sitcom The Jeffersons and the mother of popular rock musician Lenny Kravitz. That makes Kravitz Roker’s second cousin.[8]
Source: Retrieved April 21, 2017 from: https://en.wikipedia.org/wiki/Al_Roker#Early_life

———-

Appendix B – Transcript: Al Roker Interview by Host Katy Tur

KATY TUR (HOST): The head of the Environment Protection Agency stunned many when he denied carbon dioxide is a primary contributor to global warming.

[…]

TUR: Today show host and weatherman, a man who needs no introduction, Al Roker joins me now. “Stunned many” is a bit of an understatement, said most almost all, gosh, CO2 is not a factor when it comes to climate change. Was all of the schooling that I had as a child and into my adult life completely wrong, Al Roker?

AL ROKER: No, it wasn’t wrong and there is no credible science or scientist who will tell you the contrary. The fact is, carbon dioxide, the greenhouse gases is responsible for climate change.

TUR: No scientist will say this, but we’re having the EPA head say this?

ROKER: Well, look, this is America and you can make whatever statements you want to, but everybody will pretty much agree — in fact, just about an hour ago I interviewed one of the leading climate scientists in this country, Dr. Marshall Shepherd, and here’s what he had to say about it.

[BEGIN VIDEO CLIP]

MARSHALL SHEPHERD (DIRECTOR FOR UNIVERSITY OF GEORGIA’S PROGRAM IN ATMOSPHERIC SCIENCES): The basic physics of the atmosphere suggest that greenhouse gases are in fact the primary forcing function on a warming climate system. Greenhouse gases and the impacts post-industrial age or –– industrial revolution are certainly — their fingerprint is there on our naturally varying climate in the same way steroids were on the naturally varying cycle of home runs during the Major League Bbaseball era.

[END VIDEO CLIP]

ROKER: I think that pretty much sums it it up.

TUR: Yeah, so where — if the EPA head is saying there needs to be more research, but the EPA is losing money to do research, give me the consequences. How important is it and how significant is it to have the EPA head deny something like this?

ROKER: Well I think hopefully cooler heads will prevail upon him to say we need to continue to research this. We need to continue what we’ve been doing because if you look, we’ve got a graphic that basically right around the industrial revolution, we had — there’s been no time in this history of our planet where CO2, even naturally occurring or not, was above 290 parts per million. Alright, now you look at the temperature, we put the temperature on top of that, you can see from the 1880s into the 1940s, temperatures are below average, below the global average, but once we really start to see that red line go up, as the CO2 starts to increase, you can see those average global temperatures continue to rise, and they peaked last year, the warmest temperature ever on record for this planet. So as we continue to add those greenhouse gases — now, that’s not to say that — the greenhouse gases allow us to live on this planet. Without them completely, we would freeze to death. At night we would die. So there has to be some small amount of greenhouse gases. We’re just adding too much.
Source: Retrieved 04-21-2017 from: https://mediamatters.org/blog/2017/03/10/al-roker-debunks-epa-head-scott-pruitt-s-stunning-denial-human-caused-climate-change/215635

 

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Building Better Cities

Posted on April 19, 2017 in Implementation, Locations, Strategy

Go Lean Commentary

Truth be told, it is hard to fix (reform) the broken processes of a whole country.

It is easier to fix a broken family; and easier to fix/reform just a broken neighborhood.

So a formula for success would be to reform broken neighborhoods (and broken families) one after another, and just like that, the country is transformed.

CU Blog - Building Better Cities - Photo 3

This “bottoms-up” approach is also the premise of the Six Sigma Quality Management concept (see Appendix below):

Do not try to perform 1 million perfect iterations; rather try to perform 1 iteration perfectly; then repeat it 1,000,000 times.

The book Go Lean…Caribbean presents the quest to elevate the 30 member-states in the Caribbean region. It does not limit the focus to the state governments; it drills down to a subset level: the cities. The book asserts that reforming and transforming cities would be integral to reforming and transforming entire countries.

Fix the cities; fix the world!

This is the theme of these many source materials. Consider the AUDIO Podcast, VIDEO and magazine column/article here:

AUDIO Podcast – Building Better Cities – http://www.npr.org/programs/ted-radio-hour/462178064/building-better-cities?showDate=2017-03-31


Posted March 31, 2017 – Cities are among our greatest experiments in human co-habitation. Do they also hold the answers to some of our biggest problems? This hour, TED speakers explore how cities can change the world. Listen to the full hour here: http://www.npr.org/programs/ted-radio-hour/462178064/building-better-cities?showDate=2017-03-31

———-

VIDEO – Atlanta’s Kasim Reed: How Are Mayors Better Poised to ‘Get Things Done’? – https://youtu.be/semT61CCNEE


Published on Oct 20, 2014 – “Cities are where hope meets the streets,” says Kasim Reed, mayor and son of Atlanta. In this powerful talk, he argues that transformation is really possible at the municipal level. Reforming the city he loves was not just a matter of tough financial calls, but of really listening to the wisdom within the community.

See more: tedcity2.org

  • Category: Nonprofits & Activism
  • License:   Standard YouTube License

———-

Title: The Issues That Drive America’s Mayors
Sub-Title: Whether they’re Democrats or Republicans, a new survey shows that poverty and wealth inequality are what concern them most.
By: Bob Annibale, Mick Cornett

CU Blog - Building Better Cities - Photo 1

Before he died in 2014, Thomas Menino, a visionary urban leader who served as mayor of Boston for more than two decades, declared that we are living in “the era of the city.” This has never been truer than it is today.

As the world continues to urbanize at an unprecedented rate, cities and their surrounding areas wield more power than ever. Currently over half of the world’s population lives in cities, and that is expected to grow to 70 percent by 2050. In the United States, 82 percent of Americans live in metropolitan areas, an increase of 12 percent just since 2000.

Cities are rich with diversity and serve as vital hubs of innovation, culture and commerce. The world’s top 10 cities by GDP, five of which are in the United States, have economies rivaling all but the 10 most prosperous countries. But while the populations, capital and political power of many cities is enormous, so are the scale and complexity of their challenges — making insight into their leadership important.

Motivated by the belief that “the era of the city” is upon us, Boston University’s Initiative on Cities, with support from Citi, recently published the findings of its 2016 Menino Survey of Mayors to understand the important challenges facing these cities’ leaders. Named for the great Boston mayor, the survey gathered the perspectives of more than 100 sitting mayors from 41 states on contemporary issues through a series of one-on-one interviews conducted last summer.

The survey’s findings reveal that despite remarkable societal advancements in urban centers, new and more complex problems are cropping up or increasing in severity. The environment, infrastructure, public services and household financial security are presenting challenges at a level that cities have never experienced before.

Not surprisingly, the survey found that two of the central issues in the 2016 presidential campaign – wealth inequality and the shrinking middle class — were also of deep concern to mayors of cities throughout the country. Nearly half of those surveyed ranked poverty as their most pressing economic concern. In fact, 48 percent of mayors feel that those living in or near poverty are the most excluded group in their cities; when asked which constituency they need to do more to help, nearly a quarter named poor residents.

What is slightly more surprising is the level of agreement on the top issues regardless of mayors’ party affiliation or city size. Mayors from cities big and small are highly attuned to the plight of their most vulnerable residents, and even in this polarized political climate the focus on poverty is shared by both Democratic and Republican mayors. That’s also true of the benefits of diversity. While issues of economic inclusion and diversity illuminated deep divisions among the presidential candidates, the country’s mayors were united in the goal of building more inclusive cities that are welcoming to all.

The Menino Survey provides a window into how our nation’s mayors think, act and perceive their world. By gathering and synthesizing the priorities and challenges of our cities from the perspective of their leaders, the survey offers a roadmap of opportunities for civic innovation.

It also provides stakeholders in the nonprofit and private sectors with valuable insights that can inform the development of new programs, policies and partnerships, such as universal youth savings accounts in San Francisco, community land trusts in Washington, D.C., or a small-business support program for public-housing residents in New York City.

These types of innovations, often forged through public-private partnerships, enable us to tackle complex urban challenges such as poverty and economic insecurity and build more inclusive cities — ones where residents can fulfill their potential and contribute to thriving urban economies.

About the Authors: 

  • Bob Annibale – Leader of CitiGroup’s partnerships with global, national and local organizations to support inclusive finance and community development
  • Mick Cornett – Mayor of Oklahoma City and president of the U.S. Conference of Mayors

Related: 

It is important to glean these main points from the foregoing source media/articles:

  • This is “the era of the city”.
  • Cities are where hope meets the streets.
  • Currently, over half of the world’s population lives in cities, and that is expected to grow to 70 percent by 2050. In the United States, 82 percent of Americans live in metropolitan areas, an increase of 12 percent just since 2000.
  • Cities are rich with diversity and serve as vital hubs of innovation, culture and commerce. The world’s top 10 cities by GDP, five of which are in the United States, have economies rivaling all but the 10 most prosperous countries.

Reform the cities; reform the country!

The Go Lean book studies the good, bad and ugly lessons from a number of cities (New York City; Omaha, Nebraska; Detroit, Michigan; Los Angeles City-County, California); the book then proceeds to detail strategies, tactics and implementation to fix one particular Caribbean city (Freeport, Bahamas).

The Go Lean book presents a plan to grow the regional economy and create jobs. The Go Lean book asserts that this effort is too big a task for just one Caribbean member-state or city alone; all the 30 member-states and their cities must convene, confederate and collaborate in order to effect change. As such, the Go Lean book serves as a roadmap for the introduction and implementation of the technocratic Caribbean Union Trade Federation (CU), for the elevation of Caribbean society – for all member-states, and all cities. This CU/Go Lean roadmap has these 3 prime directives:

  • Optimization of the economic engines in order to grow the regional economy to $800 Billion and create 2.2 million new jobs. Caribbean cities need jobs and entrepreneurial opportunities. This roadmap calls for mini-cities, referred to as Self-Governing Entities, as a solution to optimize industrial policy. See a model/example here.
    CU Blog - Disney World - Role Model for a Self Governing Entity - Photo 1
  • Establishment of a security apparatus to ensure public safety and protect the resultant economic engines. The origins of cities were for protective walls around the city perimeters.
    CU Blog - Building Better Cities - Photo 2
  • Improve Caribbean governance to support these engines, including a separation-of-powers between the member-states and CU federal agencies. See a model/example here.
    CU Blog - Two Pies - Economic Plan for a New Caribbean - Photo 3

A mission of the Go Lean roadmap is to reboot urban communities – defining a concerted effort in a concentrated area – with empowerments like:

  • Transportation – “Out of the box” thinking to transport people to places; i.e. Streetcars.
  • Mixed-use Developments – Optimize communities with one building for retail, office and residences.
  • Healthcare … on controlled campuses – Facilitating hands-off administration for advanced medical R&D.
  • Improving Local Government – Connecting citizens online for more and more electronic delivery.
  • Public Works – Infrastructure projects elevate cities … economically.
  • Libraries – These are for more than just reading books in this New Economy.
  • Events/Festivals – Culture, community pride and revenues cannot be ignored.
  • Main Street – Local Downtowns can be tranformed for the Greater Good.
  • Sports – These Big Business activities can impact more than just the fans and players.

The book stresses that reforming and transforming Caribbean urban communities must be a regional pursuit. This was an early motivation for the roadmap, as pronounced in the opening Declaration of Interdependence (Pages 11 – 14):

vi. Whereas the finite nature of the landmass of our lands limits the populations and markets of commerce, by extending the bonds of brotherhood to our geographic neighbors allows for extended opportunities and better execution of the kinetics of our economies through trade. This regional focus must foster and promote diverse economic stimuli.

vii. Whereas our landmass is finite and therefore limited as to population growth potential, it is imperative that prudent growth management be practiced so as to protect our legacy and still foster future opportunities for the hopes and fulfillment of a prosperous future for our children.

viii. Whereas the population size is too small to foster good negotiations for products and commodities from international vendors, the Federation must allow the unification of the region as one purchasing agent, thereby garnering better terms and discounts.

xi.  Whereas all men are entitled to the benefits of good governance in a free society, “new guards” must be enacted to dissuade the emergence of incompetence, corruption, nepotism and cronyism at the peril of the people’s best interest. The Federation must guarantee the executions of a social contract between government and the governed.

xvi. Whereas security of our homeland is inextricably linked to prosperity of the homeland, the economic and security interest of the region needs to be aligned under the same governance. Since economic crimes … can imperil the functioning of the wheels of commerce for all the citizenry, the accedence of this Federation must equip the security apparatus with the tools and techniques for predictive and proactive interdictions.

xxvi. Whereas the Caribbean region must have new jobs to empower the engines of the economy and create the income sources for prosperity, and encourage the next generation to forge their dreams right at home, the Federation must therefore foster the development of new industries, like that of ship-building, automobile manufacturing, prefabricated housing, frozen foods, pipelines, call centers, and the prison industrial complex. In addition, the Federation must invigorate the enterprises related to existing industries like tourism… – impacting the region with more jobs.

This commentary previously related details of city life – elevating society at the urban level – that can be applied directly in the Caribbean. Here is a sample of previous blogs:

https://goleancaribbean.com/blog/?p=11244 ‘To Live and Die in L.A.’ … City/County …
https://goleancaribbean.com/blog/?p=4587 Burlington, Vermont: First city to be powered 100% by renewables
https://goleancaribbean.com/blog/?p=3641 ‘We Built This City …’
https://goleancaribbean.com/blog/?p=3326 M-1 Rail: Alternative Motion in the MotorCity
https://goleancaribbean.com/blog/?p=1918 Philadelphia Freedom – We can Look, Listen and Learn
https://goleancaribbean.com/blog/?p=1596 Book Review: ‘Prosper Where You Are Planted’

The Go Lean book and these accompanying blogs posit that the economic failures in the Caribbean in general and in cities in particular are the direct result of the lack of diversity in industrial development, and the subsequent societal abandonment. The region depends too heavily on one industry: tourism.

The roadmap asserts that this strategy is flawed; that while prudence dictates that the Caribbean nations expand and optimize their tourism products, the Caribbean must also look for other opportunities for economic expansion. Cities can be laboratories in urban civilization, but the requisite investment of the resources (time, talent, treasuries) for this goal may be too big for any one city alone. So rather, this roadmap shifts the responsibility to a region-wide, professionally-managed, deputized technocracy that will result in greater production and greater accountability. The end result of these “urban laboratories” will facilitate economic diversity and job creation.

This is the charge of the Go Lean…Caribbean roadmap, to do the heavy-lifting, to implement the organization dynamics to impact Caribbean society here and now. The following are the community ethos, strategies, tactics and operational advocacies to effectuate this goal:

Community Ethos – People Respond to Incentives Page 21
Community Ethos – Economic Systems Influences Choices & Incentives Page 21
Community Ethos – Job Multiplier Page 22
Community Ethos – Lean Operations Page 24
Community Ethos – Ways to Impact the Greater Good Page 37
Strategy – Vision – Make the Caribbean the Best Address on Planet Page 45
Strategy – Mission – Protect our residents, visitors and repatriates Page 45
Strategy – Mission – Fix the broken systems of governance Page 46
Tactical – Separation of Powers – Union versus Member-States Page 71
Implementation – Implement Self-Governing Engines Page 105
Implementation – Ways to Deliver Page 109
Implementation – Ways to Re-boot Freeport – Sample City Page 114
Implementation – Ways to Promote Independence – Autonomous Cities Page 120
Planning – 10 Big Ideas for the Caribbean Page 127
Planning – Ways to Make the Caribbean Better Page 131
Planning – Lessons from New York City Page 137
Planning – Lessons from Omaha Page 138
Planning – Lessons from Detroit Page 140
Advocacy – Ways to Grow the Economy Page 151
Advocacy – Ways to Create Jobs Page 152
Advocacy – Ways to Improve Local Governance Page 169
Advocacy – Ways to Enhance Tourism Page 190
Advocacy – Ways to Market Southern California – Learning from L.A. City Page 194
Advocacy – Ways to Impact Main Street Page 201
Advocacy – Ways to Improve Urban Living Page 234

This Go Lean book accepts that the current State of the Cities does not have to be a permanent disposition. Under the Go Lean roadmap, cities can do better; all of the Caribbean can do better. This roadmap is a 5-year plan to effect change, to make our homeland a better place to live, work and play.

Now is the time to build better Caribbean cities; the people and governing institutions are urged to lean-in to this Go Lean … Caribbean roadmap. 🙂

Sign the petition to lean-in for this roadmap for the Caribbean Union Trade Federation.

Download the free e-book of Go Lean … Caribbean – now!

————-

Appendix – The Bottom Line on Six Sigma

CU Blog - Building Better Cities - Photo 4

Six Sigma is a set of tools and strategies for process improvement originally developed by Motorola in 1985, but popularized in 1995 by General Electric’s Jack Welch as his central business strategy. Today it is used in different sectors of industry. Six Sigma seeks to improve the quality of process outputs by identifying and removing the causes of defects (errors). It uses a set of quality management methods, including statistical methods, and creates a special infrastructure of people within the organization (Champions, Black Belts, Green Belts, Orange Belts, etc.) who are experts in these very complex methods.

With Six Sigma the maturity of a manufacturing process can be described by a sigma rating indicating its yield or the percentage of defect-free products it creates. A six sigma process is one in which 99.9999998% of products manufactured are statistically expected to be free of defects (3.4 defects per million). According to Wikipedia, Six Sigma projects follow a methodology, aimed at improving existing business processes, composed of five phases, bearing the acronyms DMAIC:

  • Define the problem, the voice of the customer, and the project goals, specifically.
  • Measure key aspects of the current process and collect relevant data.
  • Analyze the data to investigate and verify cause-and-effect relationships. Determine what the relationships are, and attempt to ensure that all factors have been considered. Seek out root cause of the defect under investigation.
  • Improve or optimize the current process based upon data analysis.
  • Control the future state process to ensure that any deviations from target are corrected before they result in defects.

Source: Go Lean … Caribbean (Page 147)

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Retail Apocalypse – Preparing for the Inevitable

Posted on April 18, 2017 in Implementation, Industries, Strategy

Go Lean Commentary

Remember the dream … of 7 Fat Cows and 7 Skinny Cows?

The articulation of the dream was that the 7 Fat Cows represented 7 prosperous years while the 7 Skinny Cows represented 7 years of famine with poverty and distress. – The Bible; Genesis Chapter 41.
CU Blog - Retail Apocalypse - Preparing for the Inevitable - Photo 0

In that Bible drama of Joseph in ancient Egypt, those circumstances were more than just in a dream; it was a prophecy of prosperity and famine. It came true!

Joseph was able to use the foresight to prepare that kingdom for adversity, after first exploiting the opportunities.

Here it comes again.

There is feast and famine “in the cards” as related to the retail eco-system. On one end of the spectrum , there will be prosperity for electronic commerce stakeholders, but on the other end, for brick-and-mortar establishments, there will be a Retail Apocalypse.

Will be? Actually, the threat has already manifested!

This is the assertion in this news article by the financial-economic magazine Business Insider:

CU Blog - Retail Apocalypse - Preparing for the Inevitable - Photo 1

Title: The retail apocalypse has officially descended on America
By: Hayley Peterson

Thousands of mall-based stores are shutting down in what’s fast becoming one of the biggest waves of retail closures in decades.

More than 3,500 stores are expected to close in the next couple of months.

Department stores like JCPenney, Macy’s, Sears, and Kmart are among the companies shutting down stores, along with middle-of-the-mall chains like Crocs, BCBG, Abercrombie & Fitch, and Guess.

CU Blog - Retail Apocalypse - Preparing for the Inevitable - Photo 2

Some retailers are exiting the brick-and-mortar business altogether and trying to shift to an all-online model.

For example, Bebe is closing all its stores — about 170 — to focus on increasing its online sales, according to a Bloomberg report.

Some are going out of business altogether, like The Limited which recently shut down all 250 of its stores.

Others, such as Sears and JCPenney, are aggressively paring down their store counts to unload unprofitable locations and try to stanch losses.

CU Blog - Retail Apocalypse - Preparing for the Inevitable - Photo 3Sears is shutting down about 10% of its Sears and Kmart locations, or 150 stores, and JCPenney is shutting down about 14% of its locations, or 138 stores.

According to many analysts, the retail apocalypse has been a long time coming in the US, where stores per capita far outnumber that of any other country.

The US has 23.5 square feet of retail space per person, compared with 16.4 square feet in Canada and 11.1 square feet in Australia, the next two countries with the most retail space per capita, according to a Morningstar Credit Ratings report from October.

Visits to shopping malls have been declining for years with the rise of e-commerce and titanic shifts in how shoppers spend their money. Visits declined by 50% between 2010 and 2013, according to the real-estate research firm Cushman & Wakefield.

And people are now devoting bigger shares of their wallets to restaurants, travel, and technology than ever before, while spending less on apparel and accessories.

As stores close, many shopping malls will be forced to shut down as well.

When an anchor store like Sears or Macy’s closes, it often triggers a downward spiral in performance for shopping malls.

Not only do the malls lose the income and shopper traffic from that store’s business, but the closure often triggers “co-tenancy clauses” that allow the other mall tenants to terminate their leases or renegotiate the terms, typically with a period of lower rents, until another retailer moves into the anchor space.

To reduce losses, malls must quickly find a replacement tenant for the massive retail space that the anchor store occupied, which is difficult — especially in malls that are already financially strapped — when major department stores are reducing their retail footprints.

That can have grave consequences for shopping malls, especially in markets where it’s harder to transform vacant mall space into non-retail space like apartments, according to analysts.

The nation’s worst-performing malls — those classified in the industry as C- and D-rated — will be hit the hardest by the store closures.

The real-estate research firm Green Street Advisors estimates that about 30% of all malls fall under those classifications. That means that nearly a third of shopping malls are at risk of dying off as a result of store closures.
Source: Business Insider e-Zine. Posted 03/21/2017; retrieved 04/17/2017 from: http://www.businessinsider.com/the-retail-apocalypse-has-officially-descended-on-america-2017-3

CU Blog - Retail Apocalypse - Preparing for the Inevitable - Photo 4

Related:

1. Monday Market Mayhem – The Retail Apocalypse – Look out Wall Street

2. Dollar General is defying the retail apocalypse and opening 1,000 stores

See the related AUDIO Podcast below here:

———–

AUDIO Podcast – Wal-Mart battles Amazon with discounts for online ordering and store pickup – https://www.marketplace.org/2017/04/14/business/its-battle-amazon-walmart-offers-discounts-ordering-online-and-picking-store

Published April 14, 2017 – Big Box giant Wal-Mart battling e-Commerce giant Amazon for New Economy fulfillment.

As noted in the foregoing, the Retail Apocalypse is affecting the news in the United States. It’s only the news today, tomorrow will be jobs, the next day the finance apparatus holding the debt (mortgages and security instruments on Wall Street) for the many shopping malls and then soon, the rest of the economy will be impacted.

This is so familiar. Remember the housing-real estate bubble in 2003 to 2010. This previous blog-commentary identified the following 5 steps of a bubble:

1.   Displacement

2.   Boom

3.   Euphoria

4.   Profit Taking

5.   Panic

Here we go again! Sounds like a crisis is imminent.

The book Go Lean…Caribbean serves as a roadmap for the introduction and implementation of the technocratic Caribbean Union Trade Federation (CU) and Caribbean Central Bank (CCB); it declares that a crisis is a terrible thing to waste – quoting famed American Economist Paul Romer. Though the impending crisis is slated for the US, the actuality of economic contagions mean that the Caribbean member-states will be affected as well.

Where do the tourists come from that drive the Caribbean region’s primary economic driver?

The question is rhetorical; the answer is obvious!

The Go Lean book seeks to prepare the Caribbean region for the change dynamics impacting the world. The “Agents of Change” at play in the foregoing news source are as follows:

  • Technology
  • Globalization

The underlying issue with the Retail Apocalypse is not the demand for retail products, it is the supply. Consumers are still demanding and consuming fashion and commodities, just not at shopping malls; e-Commerce is “all the rage”.

Consider the experience of this commentator:

I went to buy 3 pairs of slacks.

I was only able to find one – with the brand, make, size and color – at a Big Box retail store. So then I went home and matched the brand, model, size with the e-Commerce merchant Amazon.com and acquired the same pants in 2 divergent colors that the Big Box retailer did not have in inventory. 3 days later, the whole shopping expedition was over; I acquired 3 pairs of slacks, primarily from the online merchant and delivered by the shipping company United Parcel Service (UPS).

The quest of the Go Lean/CU roadmap is to elevate the Caribbean’s societal engines – not the US – starting first with economics (jobs, commercial developments and entrepreneurial opportunities). In fact, the following 3 statements are identified as the prime directives of the CU:

  • Optimization of the economic engines in order to grow the regional economy to $800 Billion & create 2.2 million new jobs.
  • Establishment of a security apparatus to protect the resultant economic engines.
  • Improve Caribbean governance – as e-Commerce alters sales & border taxes – to support these engines.

The changes taking place in the US with the Retail Apocalypse will eventually traverse the Caribbean member-states as well. This is the parallel with the opening Bible Drama. A crisis is coming and we have the opportunity to exploit the prosperous years and prepare for the famine. The Caribbean region – all 30 member-states – needs to better exploit e-Commerce. There are so missing ingredients, fully detailed in the Go Lean book; see  this sample advocacy on Page 198:

10 Ways to Foster e-Commerce

1 Leverage the full population – 42 million people in all 30 member-states to deploy the CU and the CCB.
2 Regional Currency (Caribbean Dollar or C$)
3 Card Culture
The CU will seek to foster the eco-system for e-payments beyond government activity. To assimilate this change, a card culture, on Main Street, will entail utilizing debit/credit cards, benefits pay cards, and even smart cards on cruise ships.
The CU will collectively bargain with the cruise lines to deploy C$ electronic “purses” to facilitate port-side and onboard retail commerce. All of these changes will garner a better monetary multiplier on the CU economy, by expanding M1.
4 CU Social Media
The CU web portal www.myCaribbean.gov will grant free access, email, IM, and profile pages for CU stakeholders, even normalizing communications thru social media sites. This will facilitate internet commerce activities in the region, as the CU will have hot data on profiles, habits and previous activities, thereby creating opportunities for measured marketing.
5 A Market for the Downloads of Intellectual Properties
6 Remittance Methods (Card & Email)
7 Mobile Apps – Hi-Density Wi-Fi
8 Regional Postal Services – CPU
The CU will assume the responsibility for mail services in the region; (all member-state postal employees will become federal civil servants). The embrace of the Caribbean Postal Union allows for parcel mail to be optimally shipped and delivered throughout the region, with Customs considerations in place. The CPU will therefore ensure the fulfillment side of e-commerce, even allowing for computer applications for printing electronic stamps/barcodes for value savings.
9 Turnpike Logistics
10 Customs and Import Optimizations

The missing ingredients for this new marketplace – electronic commerce – are not just banking-related, the full eco-system must be enabled: electronic (technology), commerce (trade) and fulfillment (logistics). The implementation of these provisions will constitute a New Day for the region. Overall, the Go Lean book stresses the community ethos, strategies, tactics, implementations and advocacies to reboot, reform and transform the economic engines of Caribbean society, so as to benefit from changes coming due to the Retail Apocalypse, this New Day.

Though not directly mentioned in the Go Lean book, this Retail Apocalypse is planned for in the roadmap. A comprehensive view of  the technocratic stewardship for the region’s economic engines, including the banking eco-system, is presented early in the book with these opening pronouncements in the Declaration of Interdependence (Page 13 and 14):

xxiv. Whereas a free market economy can be induced and spurred for continuous progress, the Federation must install the controls to better manage aspects of the economy: jobs, inflation, savings rate, investments and other economic principles. Thereby attracting direct foreign investment because of the stability and vibrancy of our economy.

xxvii. Whereas the region has endured a spectator status during the Industrial Revolution, we cannot stand on the sidelines of this new economy, the Information Revolution. Rather, the Federation must embrace all the tenets of Internet Communications Technology (ICT) to serve as an equalizing element in competition with the rest of the world. The Federation must bridge the digital divide and promote the community ethos that research/development is valuable and must be promoted and incentivized for adoption.

The points of effective, technocratic banking and retail stewardship were further elaborated upon in previous blog/commentaries. Consider this sample:

https://goleancaribbean.com/blog/?p=11184 Big Bank investing $Billion on ‘Fintech’ for e-Commerce positioning
https://goleancaribbean.com/blog/?p=8823 Lessons from China – WeChat: Model for Caribbean Social Media
https://goleancaribbean.com/blog/?p=8704 Lesson from MetroCard
https://goleancaribbean.com/blog/?p=7991 Transformations: Caribbean Postal Union – Delivering the Future
https://goleancaribbean.com/blog/?p=7034 The Future of Money
https://goleancaribbean.com/blog/?p=6635 New Security Chip in Credit Cards Unveiled
https://goleancaribbean.com/blog/?p=5668 Move over Mastercard/Visa – Time for Local Banking Cards
https://goleancaribbean.com/blog/?p=4425 Cash, Credit or iPhone …
https://goleancaribbean.com/blog/?p=3889 Royal Bank of Canada’s EZPay – Ready for Change
https://goleancaribbean.com/blog/?p=3881 The Need for Regional Cooperation for Cyber-Security & e-Security
https://goleancaribbean.com/blog/?p=3858 Model of Central Banking Technocracy: ECB 1 trillion Euro stimulus
https://goleancaribbean.com/blog/?p=2488 Model of an E-Commerce Fulfillment Company: Alibaba
https://goleancaribbean.com/blog/?p=1416 Model of an E-Commerce Fulfillment Company: Amazon
https://goleancaribbean.com/blog/?p=1350 PayPal’s model to pay for e-Commerce
https://goleancaribbean.com/blog/?p=906 Bitcoin model to pay for e-Commerce
https://goleancaribbean.com/blog/?p=528 Facebook to pay for e-Commerce

Warning to all retail stakeholders – buyers, sellers and governments: Change is coming!

This is a familiar stance – preparing for the inevitable – for the Go Lean movement; there have been previous warnings of disruptive changes; see this sample here:

https://goleancaribbean.com/blog/?p=7847 To the Personal Computer industry: Cloud Computing, Smartphones and Tablets are making actual laptop and desktop computers inconsequential.
https://goleancaribbean.com/blog/?p=6151 To the regional government’s Revenue Officials: 3-D Printing is coming and will change fabrication to local rather than import. This will disrupt border taxes revenue expectations.
https://goleancaribbean.com/blog/?p=6016 To the Infrastructure Planners: Climate Change is making Caribbean summers hot-hot-hot and northern winters milder; there must be cooperative refrigeration to provide relief, otherwise people will leave for northern destinations.
https://goleancaribbean.com/blog/?p=5784 To Jamaica’s Public Safety Officials: Human Rights protections must be extended to people who identify as LGBT. Whether you agree or not, the international community will force you to respect their rights for life, liberty and the pursuit of happiness.
https://goleancaribbean.com/blog/?p=5210 To the Cruise Line industry: The Caribbean region’s collective bargaining will extract greater benefits and protections for port city commerce.
https://goleancaribbean.com/blog/?p=5155 To the Caribbean Power Grip: Home-based batteries will allow for successful deployments of solar/wind power generation and require less power from the grid.
https://goleancaribbean.com/blog/?p=4767 To the regional government’s Revenue Officials: Under the WTO regime, customs duties must eventually be eliminated; same too with conditional property taxes. VAT or Sales Taxes are OK.

As for the Retail Apocalypse, now is the time for all stakeholders of Caribbean banking, retail and governments to lean-in for the empowerments for e-Commerce described here-in and in the book Go Lean … Caribbean. This is where the marketplace is going, not just tomorrow, but already here today. We can do this; we can elevate our communities and our retail eco-systems. We can be a better place to live, work and play. 🙂

Download the free e-book of Go Lean … Caribbean – now!

Sign the petition to lean-in for the roadmap for the Caribbean Union Trade Federation.

 

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Forging Change: Home Addiction

Posted on April 14, 2017 in Industries, Social, Strategy

Go Lean Commentary

CU Blog - Forging Change - Home Addiction - Photo 1

If only we can get people addicted to ‘home’ then they would want to stay ‘here’ or come back home.

We can! We can tease, tempt and program people to become addicted to being ‘home’, and homesick whenever they are away from home.

This would be similar to getting people addicted to …

… drugs, sex, Rock-n-Roll, games, alcohol, cigarettes, gambling and other vices.

This refers to a scientific process involving brain chemistry. The brain chemistry is dopamine. It is possible to make people addicted to different elements, whether they be physical and conceptual. See the details in the encyclopedic Appendix below.

This is an important issue. The movement behind the book Go Lean … Caribbean – wants to forge change in the Caribbean. We want to dissuade the bad trend of our people abandoning their homeland – fleeing – and pursuing life in the Diaspora abroad. We need our people at home. We need them to be addicted to their homeland and love it, and to miss it when separated. This describes …

Homesickness …
… the distress or impairment caused by an actual or anticipated separation from home.[1] Its cognitive hallmark is preoccupying thoughts of home and attachment objects.[2] Sufferers typically report a combination of depressive and anxious symptoms, withdrawn behavior and difficulty focusing on topics unrelated to home.[3][4][5]

Homesickness is defined so similarly to withdrawal symptoms! And the reward-motivated behavior is powerfully addictive; think of a slot-machine in a casino.

Drug abuse = Bad! Casino gambling = Bad! Homesickness = Good.

The Go Lean book describes the effort of dissuading Caribbean residents from societal abandonment as heavy-lifting. The book explains that there are 2 reasons why people leave their beloved homelands – “Push” and “Pull” factors:

  • “Push” refers to people who feel compelled to leave, to seek refuge in a foreign land. “Refuge” is an appropriate word; because of societal defects, many from the Caribbean must leave as refugees – think LGBT, Disability, Domestic-abuse, Medically-challenged – for their life, liberty and pursuit of happiness. For these people, it is like “they are on fire” and need to stop-drop-and-roll.
  • “Pull”, on the other hand refers to the lure of a more prosperous life abroad; many times our people are emigrating on the false perception that they can have a better “home” abroad. They have a deficient longing for their homeland.

In order to neutralize the “Push and Pull” factors, the heavy-lift of reforming and transforming Caribbean society must be done. This movement has identified many previous strategies, tactics and implementations (8 in total) for forging change in the region. These require technocratic deliveries and best-practices. The Go Lean book details the efforts to change the minds (head), hearts and hands (actions) of Caribbean people. This commentary describes one way to forge change, getting the people addicted to their homeland.

Yes, this is possible; it is scientific, and not science fiction. This approach is at work right now in the smart-phone industry; they employ strategies, tactics and operational efficiency to compel people to engage their devices … continuously. They make people addicted.

CU Blog - Forging Change - Home Addiction - Photo 2

How can we introduce this addiction in our homeland, to forge change? Fortunately, the devices are already there; we only need to brain hack, to customize the content, for addiction.

See this Art-and-Science portrayed in this news story VIDEO here, from 60 Minutes:

VIDEO – Brain Hacking – http://www.cbsnews.com/videos/brain-hacking

Published April 9, 2017 – Why can’t we stop looking at our smartphones? And are the designers of the apps and content on them using brain science to keep us hooked? Anderson Cooper reports.

Various strategies, tactics and implementations for forging change have been identified in a series of previous Go Lean blog-commentaries over the past 2 & 1/2 years, this is the ninth submission. These were presented as follows, in reverse chronological order:

  1.      Forging Change – Addicted to Home (Today)
  2.      Forging Change – Arts & Artists (December 1, 2016)
  3.      Forging Change – Panem et Circenses (November 15, 2016)
  4.      Forging Change – Herd Mentality (October 11, 2016)
  5.      Forging Change – ‘Something To Lose’ (November 18, 2015)
  6.      Forging Change – ‘Food’ for Thought (April 29, 2015)
  7.      Forging Change – Music Moves People (December 30, 2014)
  8.      Forging Change – The Sales Process (December 22, 2014)
  9.      Forging Change – The Fun Theory (September 9, 2014)

This commentary is urging Caribbean stakeholders to customize the content on smart-phones and media (social website www.myCaribbean.gov) to forge addiction for the people that live, work and play there.

There is an art-and-science to this quest:

#addictionbydesign
CU Blog - Forging Change - Home Addiction - Photo 4

The stakeholders in the smart-phone and social media industries have a proven track record. According to the foregoing VIDEO, whether they want to or not, these ones are “shaping the thoughts, feelings and actions of people [consuming their products]; they are programming people”.

We – the Go Lean movement – want to shape the “thoughts, feelings and actions” of Caribbean people. Understanding the science of Dopamine, allows us to structure the appeal and messaging to create an addiction – home-sickness – among Caribbean residents.

This quest will require a genius application of Art-and-Science to make this effort successful. The Go Lean book (Page 27) describes the process of starting early to identify Caribbean youth with genius qualifiers for the Arts and Science – we need them now. We need them to compete like “Drug Dealers” to get people in the community hooked on the content of Caribbean life: expressions of arts, music, dance, stories, drama, news, information, films, movies, TV shows and other media portrayals. While the actual content creators and curators may only be a handful of professionals, those with genius qualifiers, the impact, the addiction, can be felt on the whole community. This is an expression of the Greater Good. This is defined in the Go Lean book (Page 37) as:

“The greatest good to the greatest number of people which is the measure of right and wrong”. – Jeremy Bentham (1748-1832, a British philosopher, jurist, and social reformer.

This is why the Go Lean book, while commencing as an economic empowerment plan, devotes so many pages to the arts, music, media, social media, technology and communications.

The Go Lean book serves as a roadmap for the introduction and implementation of the technocratic Caribbean Union Trade Federation (CU). The CU is set to optimize Caribbean society through economic, security and governing empowerments. Therefore the Go Lean roadmap has 3 prime directives:

  • Optimization of the economic engines in order to grow the regional economy to $800 Billion & create 2.2 million new jobs.
  • Establishment of a security apparatus to ensure public safety and protect the economic engines.
  • Improve Caribbean governance to support these engines.

The Go Lean/CU roadmap asserts that forging change in the Caribbean will be a hard, heavy-lift task and many alternate strategies – the 9 from above – may have to be engaged. Any one person – artists or technologists – can make a difference and positively impact society; such a person can be a champion for our Caribbean cause . We can all work to make our homeland a better place to live, work and play. This is why fostering the genius ability in Caribbean citizens is presented in the book (Page 27) as a community ethos.

The Go Lean book presents this and other (new) community ethos for the region to adopt, plus new strategies, tactics, implementation and advocacies to execute to forge change in the region. The following is a sample of these specific details from the book:

Community Ethos – Deferred Gratification Page 21
Community Ethos – Economic Principles – People Choose Page 21
Community Ethos – Economic Principles – People Respond to Incentives in Predictable Ways Page 21
Community Ethos – Economic Principles – Economic Systems Influence Individual Choices Page 21
Community Ethos – Economic Principles – The Consequences of Choices Lie in the Future Page 21
Community Ethos – Governing Principles – Lean Operations Page 24
Community Ethos – Governing Principles – Cooperatives Page 25
Community Ethos – Ways to Foster Genius Page 27
Community Ethos – Ways to Help Entrepreneurship – Case Study of Incubators Page 28
Community Ethos – Ways to Promote Intellectual Property Page 29
Community Ethos – Ways to Impact Research and Development Page 30
Community Ethos – Ways to Close the Digital Divide Page 31
Community Ethos – Ways to Impact the Greater Good Page 37
Strategy – Vision – Confederate 30 Member-States Page 45
Strategy – Mission – Celebrate the Music, Sports, Art and Culture of the Caribbean Page 46
Tactical – Confederating a Permanent Union Page 63
Tactical – Fostering a Technocracy Page 64
Tactical – Separation-of-Powers – Communications and Media Authority Page 79
Implementation – Year 1 / Assemble Phase – Establish CPU Page 96
Implementation – Ways to Pay for Change – Spectrum Auctions for Mobile Deployments Page 101
Implementation – Ways to Optimize Mail Service & myCaribbean.gov Marketplace Page 108
Implementation – Ways to Deliver Page 109
Implementation – Ways to Impact Social Media Page 111
Planning – 10 Big Ideas for the Caribbean Region Page 127
Planning – Ways to Make the Caribbean Better Page 131
Planning – Reasons Why the CU Will Succeed Page 132
Advocacy – Ways to Grow the Economy Page 151
Advocacy – Ways to Create Jobs Page 152
Advocacy – Ways to Improve Homeland Security Page 180
Advocacy – Ways to Improve Communications – Community Messaging Page 186
Advocacy – Ways to Foster Technology Page 197
Advocacy – Ways to Foster e-Commerce Page 198
Advocacy – Ways to Preserve Caribbean Heritage Page 218
Advocacy – Ways to Improve the Arts Page 230
Advocacy – Ways to Promote Music Page 231
Appendix – Various Genres of Caribbean Music Page 347

The Go Lean roadmap offers the technocratic execution of these deliverables. Imagine identifying and fostering the genius abilities of technologists (programmers, coders, designers, project managers and behaviorists) and artists (singers, actors, dancers, musicians, performers, etc.). The end-product of their genius may be Caribbean residents longing to stay home and foreign-based residents (Diaspora) being/becoming homesick. From the outset, the Go Lean book recognized the significance of our Diaspora and successful careers in these cutting-edge fields, with these statements in the opening Declaration of Interdependence (Page 13 & 14):

xix. Whereas our legacy in recent times is one of societal abandonment, it is imperative that incentives and encouragement be put in place to first dissuade the human flight, and then entice and welcome the return of our Diaspora back to our shores. This repatriation should be effected with the appropriate guards so as not to imperil the lives and securities of the repatriated citizens or the communities they inhabit. The right of repatriation is to be extended to any natural born citizens despite any previous naturalization to foreign sovereignties.

xx. Whereas the results of our decades of migration created a vibrant Diaspora in foreign lands, the Federation must organize interactions with this population into structured markets. Thus allowing foreign consumption of domestic products, services and media, which is a positive trade impact. These economic activities must not be exploited by others’ profiteering but rather harnessed by Federation resources for efficient repatriations.

xxi.  Whereas the preparation of our labor force can foster opportunities and dictate economic progress for current and future generations, the Federation must ensure that educational and job training opportunities are fully optimized for all residents of all member-states, with no partiality towards any gender or ethnic group. The Federation must recognize and facilitate excellence in many different fields of endeavor, including sciences, languages, arts, music and sports. This responsibility should be executed without incurring the risks of further human flight, as has been the past history.

xxxii. Whereas the cultural arts and music of the region are germane to the quality of Caribbean life, and the international appreciation of Caribbean life, the Federation must implement the support systems to teach, encourage, incentivize, monetize and promote the related industries for arts and music in domestic and foreign markets. These endeavors will make the Caribbean a better place to live, work and play.

The Go Lean roadmap seeks to foster the eco-system for developing and deploying smart-phone arts-and-sciences. There is a lot of progress to be garnered from this field. The more lucrative the industry, the more participation from technologists and artists, the more impactful the content addiction can have on our society. We simply need to foster the regional industry and participation.

This quest – fostering the economic opportunities from smart-phones/social media – has been addressed in many previous Go Lean commentaries; see sample here:

https://goleancaribbean.com/blog/?p=11184 Banks spending $Billions on ‘Financial Technologies’ for Smart-phones
https://goleancaribbean.com/blog/?p=10750 Smart-phones causing more People to abandon Newspapers
https://goleancaribbean.com/blog/?p=9751 Where the Jobs Are – Animation and Game Design
https://goleancaribbean.com/blog/?p=8823 Lessons from China – WeChat: Model for Caribbean Social Media
https://goleancaribbean.com/blog/?p=8817 Lessons from China – Mobile Game Apps: The New Playground
https://goleancaribbean.com/blog/?p=8328 Case Study: Caribbean-bred YouTube Millionaire: ‘Tipsy Bartender’
https://goleancaribbean.com/blog/?p=7991 Transformations: www.myCaribbean.com – Delivering the Future
https://goleancaribbean.com/blog/?p=7920 eMerge Miami’s conference aims to jump-start tech hub for the Caribbean
https://goleancaribbean.com/blog/?p=7806 Skipping School to become Tech Giants
https://goleancaribbean.com/blog/?p=7034 The Future of Electronic Money – Mobile Phones are Key
https://goleancaribbean.com/blog/?p=6921 A Rewards Program for the Caribbean
https://goleancaribbean.com/blog/?p=6341 Tourism Stewardship — In the Information Age
https://goleancaribbean.com/blog/?p=5034 Patents: The Guardians of Innovation
https://goleancaribbean.com/blog/?p=3974 Google and Mobile Phones – Here comes Change
https://goleancaribbean.com/blog/?p=2953 Funding Caribbean Entrepreneurs – The Online ‘Crowdfunding’ Way
https://goleancaribbean.com/blog/?p=2126 Where the Jobs Are – Computers Reshaping Global Job Market
https://goleancaribbean.com/blog/?p=1416 Amazon’s new FIRE Smartphone Eco-system
https://goleancaribbean.com/blog/?p=486 Venture Capital Firm backs Taxi-Cab booking app for Smart-phones
https://goleancaribbean.com/blog/?p=476 New Urgings on ICT for CARICOM

This Go Lean roadmap is committed to optimizing Caribbean societal engines – economic, security and governance – by means of initiatives in the industry for Internet & Communications Technologies (ICT) – including smart-phones and social media applications. But this roadmap is bigger than just smart-phones; its a concerted effort to elevate life in Caribbean communities – to make our society worthy of homesickness.

The Caribbean needs to be successful in keeping their citizens at home; we need our people to want to stay home or to long to come back. We can do this; we can make people homesick – by lowering the “push-and-pull” factors. We must forge change here. And we can; this quest is conceivable, believable and achievable. We can make the Caribbean a better place to live, work and play. 🙂 

Download the book Go Lean … Caribbean – now!

Sign the petition to lean-in for the roadmap for the Caribbean Union Trade Federation.

—————

Appendix Reference – Dopamine

Dopamine (DA, contracted from 3,4-dihydroxyphenethylamine) is an organic chemical of the catecholamine and phenethylamine families that plays several important roles in the brain and body. It is an amine synthesized by removing a carboxyl group from a molecule of its precursor chemical L-DOPA, which is synthesized in the brain and kidneys. Dopamine is also synthesized in plants and most multicellular animals.

Brain

In the brain, dopamine functions as a neurotransmitter—a chemical released by neurons (nerve cells) to send signals to other nerve cells. The brain includes several distinct dopamine pathways, one of which plays a major role in reward-motivated behavior. Most types of rewards increase the level of dopamine in the brain, and many addictive drugs increase dopamine neuronal activity. Other brain dopamine pathways are involved in motor control and in controlling the release of various hormones. These pathways and cell groups form a dopamine system which is neuromodulatory.

Outside the central nervous system, dopamine functions primarily as a local chemical messenger. In blood vessels, it inhibits norepinephrine release and acts as a vasodilator (at normal concentrations); in the kidneys, it increases sodium excretion and urine output; in the pancreas, it reduces insulin production; in the digestive system, it reduces gastrointestinal motility and protects intestinal mucosa; and in the immune system, it reduces the activity of lymphocytes. With the exception of the blood vessels, dopamine in each of these peripheral systems is synthesized locally and exerts its effects near the cells that release it.

…

Cocaine, substituted amphetamines (including methamphetamine), Adderall, methylphenidate (marketed as Ritalin or Concerta), MDMA (ecstasy) and other psychostimulants exert their effects primarily or partly by increasing dopamine levels in the brain by a variety of mechanisms.[84] Cocaine and methylphenidate are dopamine transporter blockers or reuptake inhibitors; they non-competitively inhibit dopamine reuptake, resulting in increased dopamine concentrations in the synaptic cleft.[85][86]:54–58 Like cocaine, substituted amphetamines and amphetamine also increase the concentration of dopamine in the synaptic cleft, but by different mechanisms.[24][86]

The effects of psychostimulants include increases in heart rate, body temperature, and sweating; improvements in alertness, attention, and endurance; increases in pleasure produced by rewarding events; but at higher doses agitation, anxiety, or even loss of contact with reality.[84] Drugs in this group can have a high addiction potential, due to their activating effects on the dopamine-mediated reward system in the brain.[84]

Source: Retrieved April 14, 2017 from: https://en.wikipedia.org/wiki/Dopamine

 

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‘To Live and Die in L.A.’ …

Posted on April 10, 2017 in Ethos, Social, Strategy

Go Lean Commentary

CU Blog - 'To Live and Die in L.A.' - Photo 1b

“… live so fast and die so young…”
“… it’s like a jungle, sometimes it makes me wonder how I keep from going under…” – Rap Song: The Message – Grandmaster Flash & The Furious Five

Considering the edict of “life imitating art and art imitating life”, this has always been a subject of sharp debate and contrast. Is it better to live “fast & furious”, even though there might be a shorter mortality, or is it better to go slow and last longer, as far away from risky propositions as possible?

Shockingly, this is also a Caribbean debate: is it better to emigrate to L.A., New York, Miami, Toronto, London, Paris or any other foreign destination for faster success, or prosper where planted in the Caribbean homeland?

From an American perspective, this debate is best personified with a comparison of California versus the rest of the US. Los Angeles (L.A.) is the principal metropolis of the State of California and all of the West Coast for that matter.

But this debate is bigger than just a consideration of L.A. or California – see Appendix below – it spans the test of time. Even ancient philosopher Aesop presented this dilemma in the fable of “The Tortoise and The Hare”, in which the nimble jack-rabbit lost out to the slow-and-methodical tortoise in a race – this fable is universally accepted as a metaphor for the race of life.

Poets, songwriters, historians, and philosophers have all chimed in on this profound debate. Some claim that it is better to “live large”, make the “world your oyster”, even if that means having a short lifespan than to live a quiet ignoble life where the joys of life are rationed out for longevity instead.

Whenever a celebrity dies young, this debate rages anew. Consider some of the philosophical headlines:

The book Go Lean … Caribbean discusses this contrast; it draws reference to the American Dream versus the California Dream. Consider this excerpt from Page 223:

The Bottom Line on the American Dream
The American Dream is a national ethos of the United States, a set of ideals in which freedom includes the opportunity for prosperity and success, and an upward social mobility achieved through hard work. This idea of the American Dream is rooted in the US Declaration of Independence which proclaims that “all men are created equal… endowed by their Creator with certain inalienable rights” including “Life, Liberty and the pursuit of Happiness.” The meaning of the “American Dream” has changed over history, and includes components as home-ownership and upward mobility. A lot of people followed the American Dream to achieve a greater chance of becoming rich. For example, the discovery of gold in California in 1849 brought in 100,000 men looking for their fortune overnight—and a few did find it. Thus was born the California Dream of instant success. Historian H. W. Brands noted that in the years after the Gold Rush, the California Dream spread across the nation:

  • “The old American Dream … was the dream of the Puritans, of Benjamin Franklin’s “Poor Richard” … of men and women content to accumulate their modest fortunes a little at a time, year by year by year. The new dream was the dream of instant wealth, won in a twinkling by audacity and good luck. [This] golden dream . . . became a prominent part of the American psyche”. Today, some posit that the ease of achieving this Dream changes with technological advances, available infrastructure, regulations, state of the economy, and the evolving cultural values of the US demographics.

The Go Lean book serves as a roadmap to introduce the technocratic Caribbean Union Trade Federation (CU) to elevate the region’s societal engines – economics, homeland security and governance – of the 30 Caribbean member-states. In fact, the prime directives of the roadmap includes the following 3 statements:

  • Optimization of the economic engines in order to grow the regional economy to $800 Billion & create 2.2 million new jobs.
  • Establishment of a security apparatus to ensure public safety and protect the resultant economic engines.
  • Improve Caribbean governance for all people, even visiting tourists, to support these engines.

CU Blog - 'To Live and Die in L.A.' - Photo 2The quest is to minimize the paradox of future-planning/decision-making for Caribbean citizens. We want to make the Caribbean region better places to live, work and play; this way our citizens would not have to leave … to ‘live and die in L.A., or NYC, or Miami, or any other American, Canadian or European city. The truth of the matter is people die more readily in America due to gun-violence, and automobile accidents than they die in the Caribbean.

No doubt!

  • Visualizing gun deaths: Comparing the U.S. to rest of the world
    Whenever a mass shooting occurs, a debate about gun violence ensues. An often-cited counter to the point about the United States’ high rates of gun homicides is that people in other countries kill one another at the same rate using different types of weapons. It’s not true.
    Compared to other countries with similar levels of development or socioeconomic status, the United States has exceptional homicide rates, and it’s driven by gun violence.
    CU Blog - 'To Live and Die in L.A.' - Photo 3
    Another issue that gets less attention is how many people die from firearms accidentally. Again, the U.S. has much higher rates of unintentional death from firearms compared to other countries.
    CU Blog - 'To Live and Die in L.A.' - Photo 4
  • U.S. has highest car crash death rate, despite progress, CDC says
    More people die in car crashes each year in the United States than in other high-income countries, the Centers for Disease Control and Prevention said in a report …
    In 2013, more than 32,000 people died on U.S. roads, roughly 90 fatalities a day, according to the CDC.
    The U.S. has seen a 31% reduction in its motor vehicle death rate per capita over the past 13 years. But compared with 19 other wealthy countries, which have declined an average of 56% during the same period, the U.S. has the slowest decrease.

A previous Go Lean blog-commentary highlighted other statistics of premature deaths (and disability) in the US due to societal defects:

But the truth is a two-sided coin …

… on the flipside, life in America is more prosperous than in any Caribbean member-state.

The Go Lean book introduces the Caribbean Union Trade Federation (CU) as an inter-governmental agency for the 30 member-states, to provide a better – technocratic – stewardship for Caribbean life, to make it more prosperous … at home. The book identifies that we have a crisis – our failing societal engines – but asserts that this crisis would be a terrible thing to waste. We can use the urgency to introduce and implement effective community ethos, strategies, tactics, implementations and advocacies to reboot, reform and transform the engines of Caribbean society.

We do not want our people to ‘live and die in L.A. …’. We want them to prosper right here in the Caribbean. How sad when our families do move to the US (and other countries) and fall victim to fatalities. Consider these headlines:

There are good and bad people everywhere. Bad things happen to good people … everywhere. The Bible declares that “time and unforeseen occurrences befall us all” (Ecclesiastes 9:11). Yet still, post-mortem analyses (crash investigations and autopsies) are always necessary to ascertain the root-causes and the lessons-learned:

What could have been done to prevent the loss of life?

This commentary is not asserting that Caribbean people will not be hurt if they remain in the Caribbean. There are car accidents, murders, robberies, rapes and other assaults in the 30 member-states as well.

But follow the numbers!

We are not #1 for either gun violence or auto deaths, like our American counterparts. This is just a matter odds, probabilities and trends; the preponderance for fatalities cannot be ignored.

The Go Lean book contends that as a people, we must be prepared for accidents, emergencies and security risks (Page 196). It asserts that bad actors will emerge just as a result of economic successes in the region. This point is pronounced early in the book with the Declaration of Interdependence (Page 12) that claims:

x. Whereas we are surrounded and allied to nations of larger proportions in land mass, populations, and treasuries, elements in their societies may have ill-intent in their pursuits, at the expense of the safety and security of our citizens. We must therefore appoint “new guards” to ensure our public safety and threats against our society, both domestic and foreign. The Federation must employ the latest advances and best practices … to assuage continuous threats against public safety.

xvi. Whereas security of our homeland is inextricably linked to prosperity of the homeland, the economic and security interest of the region needs to be aligned under the same governance. Since economic crimes, including piracy and other forms of terrorism, can imperil the functioning of the wheels of commerce for all the citizenry, the accedence of this Federation must equip the security apparatus with the tools and techniques for predictive and proactive interdictions.

There is this expression of wisdom, commonly referred to as the Serenity Prayer; it is a prayer written by the American theologian Reinhold Niebuhr[1][2] (1892–1971). The best-known form is:

  • God, grant me the serenity to accept the things I cannot change,
  • Courage to change the things I can,
  • And wisdom to know the difference.

The Go Lean book describes the need for the Caribbean to appoint “new guards” to apply this wisdom – to change the things we can change. The purpose of this security pact is to ensure public safety as a comprehensive endeavor, encapsulating the needs of all Caribbean stakeholders: residents and visitors alike.

We cannot impact Los Angeles, the US or any other foreign city, more than messaging to our Diaspora there. But we can forge change in our Caribbean homeland.

Applying the edict of “life imitating art and art imitating life”, let’s ‘live and die’ here in the Caribbean. Let’s apply the wisdom from the fictional character Spock (the Vulcan Commander on the TV Show/films Star Trek):

May we live long and prosper.

Now is the time for all of the Caribbean – the people and leaders – to lean-in for the empowerments described here in the book Go Lean…Caribbean. It is conceivable, believable and achievable to prosper where planted here in the region; to make the Caribbean a better place to live, work and play. 🙂

Download the free e-book of Go Lean … Caribbean – now!

Sign the petition to lean-in for the roadmap for the Caribbean Union Trade Federation.

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Appendix Review – Book/Movie: To Live and Die in L.A.

Sub-title: A 1984 novel by former Secret Service agent Gerald Petievich is the basis for the 1985 movie of the same name.

CU Blog - 'To Live and Die in L.A.' - Photo 1

A harrowing tale of the dark underside of America’s West Coast metropolis. Two U.S. Treasury agents, partners and antagonists, are drawn into a matrix of violence and corruption, southern California-style, that becomes a journey through a sunlit hell – at the end of which they become experts on the thin line between what it takes to live – and die – in L.A. – Source: Retrieved 04-10-2017 from: https://www.amazon.com/Live-Die-L-A-Gerald-Petievich/dp/1466219645

The action thriller film was directed by William Friedkin and based on the novel by Petievich, and co-written by the both men. The film features William Petersen, Willem Dafoe and John Pankow among others. The film tells the story of the lengths to which two Secret Service agents go to arrest a counterfeiter. – Source: Retrieved 04-10-2017 from: https://en.wikipedia.org/wiki/To_Live_and_Die_in_L.A._(film)

See Trailer in the Appendix VIDEO below.

Storyline
Working largely in cases of counterfeiting, L.A. based Secret Service agent Richie Chance exhibits reckless behavior which according to his longtime and now former partner Jimmy Hart will probably land him in the morgue before he’s ready to retire. That need for the thrill manifests itself in his personal life by his love of base jumping. Professionally, it is demonstrated by the fact that he is sextorting a parolee named Ruth Lanier, who feeds him information in return for him not sending her back to prison for some trumped up parole violation. With his new partner John Vukovich, Chance is more determined than ever, based on recent circumstances, to nab known longtime counterfeiter Ric Masters, who is more than willing to use violence against and kill anyone who crosses him. Masters is well aware that the Secret Service is after him. Masters’ operation is somewhat outwardly in disarray, with Chance being able to nab his mule, Carl Cody, in the course of moving some of the fake money , and one of his associates, a lawyer named Max Waxman, probably stealing money from him. Partly with information from Ruth, Chance is trying to find and exploit the weaknesses in Masters’ operation. To accomplish his goal, Chance takes more and more unethical and illegal measures, which may be problematic for Vukovich, who comes from a family of police officers who are sworn to uphold the law. Written by Huggo

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VIDEO – To Live and Die in L.A. – http://www.imdb.com/videoplayer/vi1755645209

A fearless Secret Service agent will stop at nothing to bring down the counterfeiter who killed his partner.

Stars: William Petersen, Willem Dafoe, John Pankow

 

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