Vague Expectations

Financial Experts
System Professionals
Management Consultants
Budget Analysts

Creative Capitalism

Bill Gates, World Economic Forum, 2008

The Case for Federal Innovation Policy

Solyndra's Failure Is No Reason To Abandon Federal Energy Innovation Policy

Forbe

•next generation nuclear reactors

flywheel energy facility/storage

losses are just 2% of total commitments

Tesla Motors

Debt-to-Equity ratios for loan qualification

KiOR

strong covenants that allow the government to pull out or receive equity participation for assuming additional risk

Social Accountability 8000

Recommended international standards

Management systems

Mot just minimum legal compliance

Definition of a Supervisor

Supreme Court Raises the Bar in Bias Cases

Wall Street Journal

Libor Relations

London Interbank Offered Rate

The average interest rate estimated by leading banks in London that they would be charged if borrowing from other banks.

Many financial institutions, mortgage lenders, and credit card agencies set their own rates relative to it.

The Libor Scandal arose when it was discovered that banks were falsely inflating or deflating their rates so as to profit from trades, or to give the impression that they were more creditworthy than they were.

Scope:

• Standard Interbank Products
• Commercial Field Products
• Hybrid Products

Economists Do It With Models: "What is Libor?"

New York Times: Libor Scandal

Market Relationships

The study of economics allows us as a society to see the long term affects of our decision making. Ultimately, the economy is a measure of our trust in one another.

"A Trust Fall"