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| Author: | Michael Greenberger |
|---|
June 26, 2008
Virtually all parties now agree the Enron Loophole must be repealed. The simplest way to repeal would be to add two words to the Act's definition of exempt commodity so it reads: an "exempt commodity" does "not include an agriculture or energy commodity;" and two words to 7 U.S.C. § 7 (e) to make clear that "agricultural and energy commodities" must trade on regulated markets. An "energy commodity" definition must be then be added to include crude oil, natural gas, heating oil, gasoline, heating oil, metals, etc.5 In the absence of quick CFTC action permitted by law, the statute should also be amended to forbid an exchange from being deemed an unregulated foreign entity if its trading affiliate or trading infrastructure is in the U.S.; or if it trades a U.S. delivered contract within the U.S. that significantly affects price discovery.
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Start-Up Nation addresses the trillion-dollar question: How is it that Israel—a country of 7.1 million, only sixty years old, surrounded by enemies— produces more start-up companies than large, peaceful, and stable nations like Japan, China, India, Korea, Canada, and the UK? With the insights of geopolitical experts and investors, the authors examine this nation’s adversity-driven culture to answer this question and offer prescriptions for a global economy on the rebound.
In Forces of Fortune, Vali Nasr presents a paradigm-changing revelation that will transform the understanding of the Muslim world at large. He reveals that there is a vital but unseen rising force in the Islamic world—a new business-minded middle class—that is building a vibrant new Muslim world economy and that holds the key to winning the cold war against Iran and extremists.
In Cuba: What Everyone Needs to Know, Julia E. Sweig presents a remarkably accessible portrait of Cuba's unique place on the world stage over the past fifty years, including its internal politics, its often fraught relationship with the United States, and its shifting relationship with the global community.
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