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1/48

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CT. Busckjss Octcagtcik . . . . . . . . . . . . 2=

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TCC. Xrj`csjs Ocgbcocty Zpmgtj . . . . . . . 23

TCCC. Qirlpogfj Dgzgrms. . . . . . . . . . . . 68

TCU. ]rgkspirtgtcik . . . . . . . . . . . . . . . 66

TU. Grbctrgtcik Zpmgtj . . . . . . . . . . . . 6:

TUC. Kurscka Di`j Zpmgtj. . . . . . . . . . 65

TUCC. Djgotdfgrj Cssujs . . . . . . . . . . . . . 61

TUCCC. Jkvcrik`jktgo Fikfjrks. . . . . . . . 64

TCT. ]dj Fiksu`jr Firkjr. . . . . . . . . . =8

TT. Rjfgoos Zpmgtj . . . . . . . . . . . . . . . =7

TTC. Ecr` Gftcvctcjs . . . . . . . . . . . . . . . . ==

TTCC. Vpjfcgo Rjfiakctciks. . . . . . . . . . . =:

TTCCC. Vi`j Foiscka Ibsjrvgtciks . . . . . . =5

TTCU. Vi`j Xgrtcka Qirms . . . . . . . . . . . =1

8/9/2019 The Jere Beasley Report, Mar. 2008

3/48

www.BjgsojyGoojk.fi` 6

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bcoojm eir dcs tc`j gt $:3: pjr diur. Dj

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diurs jgfd yjgr gkm tdjk gppoycka tdj

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tdgt dj dgm pjrsikgooy bjjk pgcm

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eir tdj Z.V. Diusj sjgt furrjktoy djom

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ce jojftjm, wcoo wirl ti frjgtj nibs ti

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4/48= www.BjgsojyGoojk.fi`

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tdjcr arcp ik bitd tdj jxjfutcvj gkm

ojacsogtcvj brgkfdjs ie iur kgtcikgo aiv-

jrk`jkt.]dj piwjreuo ico, pdgr`gfju-

tcfgo, gkm cksurgkfj ckmustrcjs dgvj dgm

tdjcr agka ie oibbycsts dgrm gt wirl eir

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oibbycsts wdi grj bukmojrs eir

@fFgck, tdjrj grj g ku`bjr ie ogw

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Ce rjauogr eiols grj ti dgvj gky sgy ck

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ivjr tdj kjxt eiur yjgrs, tdjy dgm bjst

bgfl tdj Mj`ifrgtcf ki`ckjj eir prjs-

cmjkt wdi C g` ecr`oy fikvckfjm wcoo

bj Vjkgtir Bgrgfl Ibg`g.Cktjrjstckaoy,

tdj Coockics Vjkgtir dgs rjeusjm ti tglj

gky fg`pgcak `ikjy eri` oibbycsts.

Dj cs bjcka eckgkfjm by rjauogr eiolswdi grj acvcka s`goo g`iukts ti dcs

fg`pgcak. Zkeirtukgtjoy, tdj AIX fgk-

mcmgtj wikt bj gboj ti sgy tdgt.

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spjfcgo cktjrjsts gkm tdj :21 fi``ct-

tjjs ti eurkcsd tdj `ikjy kjjmjm ti

ajt dcs `jssgaj iut.

GMJ@ ECKJVJTTIK@IBCO$38,888 EIRAGVRJOJGVJ

]dj Gogbg`g Mjpgrt`jkt ie Jkvcrik-

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mjkts. ]dj pjkgoty, wdcfd wgs sgcm ti

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kgturgo ags pogteir`s, wgs ojvcjm ck g

fiksjkt irmjr cssujm ogst `iktd.Jxxik-

@ibco ieecfcgos tiom tdj @ibcoj Xrjss-Rja-

cstjr tdgt tdj fi`pgky cs wirlcka wctd

oifgo j`jrajkfy ieecfcgos ti c`privj

prifjmurjs.]dj acgkt ico fi`pgky dgs

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ik g priboj` wctd g eogrj usjm ti burk

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ck ukburkjm dymriajk suoecmj bjcka

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jaa imir, cs g fi`pikjkt ie tdj

kgturgo ags `ckjm eri` bjkjgtd

@ibcoj Bgy. Mizjks ie pjipoj rjpirtjm

kgusjg gkm itdjr priboj`s ik tdj

csogkms jgst jkm. Fogssrii`s dgm ti bj

jvgfugtjm gt tdj Mgupdck Csogkm Vjg

Ogb. Fgrioyk Qiim, wdi cs wctd tdj

Vjg Ogb, wgs aogm GMJ@ cssujm g eckj,but sdj wgs mcsgppicktjm tdgt ikoy

tdj Jxxik@ibco pogteir`s wiuom bj

upargmjm. Vdj tiom tdj Xrjss-Rjacstjr

tdjrj grj sjvjrgo itdjr fi`pgkcjs

wctd primuftcik wjoos kjgr tdj csogkm.

C garjj wctd @rs. Qiim tdgt goo tdj

ckmustry sgejaugrms sdiuom bj

upargmjm. C gosi dgvj ti wikmjr wdy

tdj pjkgoty wgs si s`goo eir g rgtdjr

sjrcius gkm pitjktcgooy mgkajrius dgp-

pjkcka.But, wdjk yiu fikscmjr ct wgs

Jxxik@ibco, gk jxtrj`joy piwjreuogkm pioctcfgooy cke oujktcgo firpirgtcik,

C aujss tdgt gkswjrs y qujstcik.

Viurfj> @ibcoj Xrjss-Rjacstjr

@JRFLQCOOXGS$517 @COOCIK]IVJ]]OJ@JMCFGCMIUJRFDGRAJFGVJV

@jrfl dgs garjjm ti pgy g fi`bckjm

titgo ie $517 `coocik ti sjttoj fogc`s

8/9/2019 The Jere Beasley Report, Mar. 2008

5/48

www.BjgsojyGoojk.fi` :

tdgt ct ivjrfdgrajm @jmcfgcm priarg`s

eir twi bca-sjoocka mruas, Ucixx gkm

^ifir, gkm ti rjsiovj goojagtciks ie

c`pripjr grljtcka ti miftirs.@jrfl

pgcm c`pripjr ckmufj`jkts ti miftirs

ti prjsfrcbj tdj fdiojstjrio mrua ^ifir

gkm tdj pgcklcoojr Ucixx.]dj wrikami-

cka ck tdcs fgsjwdcfd g`iukts ti

ergumcs tdj sg`j sirt ie tdcka

Gstg^jkjfg wgs micka ck tdj fgsj tdgt

iur ecr` trcjm ogst `iktd ck @ikt-

ai`jry. @jrfl wgs dcmcka tdj stjjp

mcsfiukts ct agvj ti dispctgos by rjpirt-

cka dcadjr prcfjs ti tdj aivjrk`jkt.

Eri` 7331 ti 2887,@jrfl gosi agvj

`ikjy gkm pjrls ti miftirs gkm itdjr

djgotd fgrj priejsscikgos ti jktcfj

tdj` ti prjsfrcbj @jrfl mruas.]dcs cs

coojago ukmjr tdj ejmjrgo ogws. Ck g fgsj

ck Xdcogmjopdcg, @jrfl garjjm ti pgy

$633 `coocik pous cktjrjst eir c`pripjrfgofuogtcik ie @jmcfgcm rjbgtjs gkm cts

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fgsj, ct garjjm ti pgy $2:8 `coocik pous

cktjrjst eir cts rjbgtj prgftcfjs. ]dj

Oiucscgkg fgsj ckviovjm prcfcka eir tdj

djgrtburk mrua Xjpfcm wdjk ct wgs

siom ikoy wctd g prjsfrcptcik. ]dj

Xdcogmjopdcg fgsj, wdcfd ckviovjm g

rjogtjm Kjvgmg gftcik, ckviovjm prcfcka

priarg`s eir tdj fdiojstjrio mruas

^ifir gkm @jvgfir gkm tdj pgcklcoojr

Ucixx, wdcfd wgs puoojm eri` tdj`grljt ck Vjptj`bjr 288=. Goo stgtjs

wctd tdj jxfjptcik ie Grczikg wcoo

rjfjcvj eukms eri` tdj sjttoj`jkt gkm

tdgt ckfoumjs Gogbg`g.

Viurfj> Gssifcgtjm Xrjss

CC.

RJFJK]

VJ]]OJ@JK]V

BS ECR@

VJ]]OJ@JK]QC]DEIRM@I]IRFI. CKGRIIEFRZVDOGQVZC]

Iur ecr` rjfjktoy sjttojm g ogwsuct

gagckst Eirm @itir Fi. tdgt ckviovjm

tdj riie ik tdj 7337 ]gurus wdcfd wgs

cksueecfcjktoy mjscakjm.]dj ogfl ie tdj

vjdcfojs riie strjkatd fgusjm iur

focjkt ti sueejr sjrcius djgm cknurcjs

getjr dcs vjdcfoj strufl g fiw ik g mgrl

rigm ck g rurgo Gogbg`g fiukty. Ie

fiursj, strclcka ocvjstifl gkm mjjr ik

rurgo Gogbg`g rigms cs kit ukfi``ik.

Eirtukgtjoy, `gky vjdcfojs tdgt fiocmj

wctd ograj gkc`gos gbsirb tdj c`pgft

rgtdjr tdgk egcocka oclj tdcs Eirm riie

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Qdgt wj mcsfivjrjm murcka iur

ckvjstcagtcik ie tdcs vjdcfoj wgs trgacf.

Ecrst, wj wjrj mcsgppicktjm ti ojgrk

tdgt Eirm dgs kit fikmuftjm g riooivjr

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]gurus, sckfj 731=. Ck fiktrgst,fi`pg-

kcjs oclj Uiovi,@jrfjmjs, gkm Vggb riu-

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gs g pgssjkajr ck g 7332 Eirm ]gurus.

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irmjr ti `jjt tdj `ckc`u` ejmjrgo

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frusd jxpjrt ti fikmuft tjstcka. Ct

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wgy rjprjsjkt wdgt iffurs ck rjgo

wirom frgsdjs. Ck gk jeeirt ti rjfrjgtj

tdj eirfjs ckviovjm ck iur gffcmjkt,iur

riie frusd jxpjrt fikstruftjm g fiw

mu``y wjcadcka 7488 piukms gkm

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by tdj gffcmjkt vjdcfoj. Iur riie frusd

jxpjrt tdjk tiil g primuftcik ]gurus

gkm cktjrkgooy strjkatdjkjm tdj jxcst-

cka riie suppirt strufturjs. Dj tdjk

c`pgftjm tdj rjckeirfjm vjdcfoj wctd

tdj fiw mu``y gt tdj sg`j spjjm gkm

eirfj tdgt fgusjm tdj mg`gaj ti tdj

gffcmjkt vjdcfoj.]dj rjsuots ie dcs tjsts

wjrj gstikcsdcka.]dj fiw mu``y oct-

jrgooy biukfjm iee tdj rjckeirfjm

vjdcfoj.]dj riie frusd ck tdj gffcmjkt

vjdcfoj wgs ck jxfjss ie 75 ckfdjs.]dj

riie frusd ck tdj rjckeirfjm ]gurus wgs

gpprixc`gtjoy ikj ckfd. Iur focjkt

wiuom dgvj wgoljm gwgy eri` tdj

gffcmjkt dgm dj bjjk ck tdj ]gurus

wctd g pripjroy mjscakjm riie.

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fist Eirm gpprixc`gtjoy $22 pjr

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ck wjcadt tdgk g ouxury ctj` sufd gs g

suk riie. Qj ojgrkjm tdgt tdj Eirm

]gurus mcm kit `jjt Eirms cktjrkgo

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wgs `gkuegfturjm, Eirm eurtdjr

rjmufjm cts cktjrkgo riie frusd rjqucrj-

`jkts.]dcs tii wgs surprcscka uktco wj

mcsfivjrjm gk cktjrkgo Eirm `j`irgk-

mu . Ck tdgt `j`i, tdj Fdgcr`gk ie

tdj Bigrm gkm Fdcje Jxjfutcvj Ieecfjrgt Eirm urajm Eirm jkackjjrs ti

rjmufj fists rjogtjm ti ctj`s mjscakjm

ti gfdcjvj ir jxfjjm fi`pocgkfj wctd

rjauogtiry rjqucrj`jkts ti gs oiw g

ojvjo gs pisscboj. Ck jssjkfj, dj wgs

uracka Eirm jkackjjrs ti mjscak miwk

ti tdj oiwjst pisscboj sgejty ojvjo

wdcfd wiuom stcoo gooiw Eirm ti ojagooy

sjoo vjdcfojs. ]dcs cs gkitdjr fogsscf

jxg`poj ie g fi`pgky pogfcka priects

ivjr sgejty. ]dj fgsj wgs sjttojm nust

bjeirj nury sjojftcik eir g fikecmjktcgo

g`iukt.Argdg` Jsmgoj gkm Fioj Xirtcs

eri` iur ecr` gkm Ribjrt ]di`psik

eri` ]usljajj dgkmojm tdj fgsj gkm

mcm g vjry aiim nib.

8/9/2019 The Jere Beasley Report, Mar. 2008

6/485 www.BjgsojyGoojk.fi`

UJRMCF]CKMJG]DFGVJCKARJJKQIIM,@CVVCVVCXXC

Xogcktcees Brcgk Rgckjs gkm Jrcf

Rgckjs ecojm g wrikaeuo mjgtd fgsj ck

2882 gagckst Mjejkmgkts Fjfco Dcaajr-

sik gkm Lcttoj Djgvy Dguocka, Ckf. ck

Ojeoirj Fiukty, @csscsscppc. Mjejkmgkts

kjaocajktoy egcojm ti pripjroy sjfurj g

oigm ie pcpjs gkm egcojm ti usj fdiflsik tdj pcpjs,fguscka tdj mjgtd ie tdj

pogcktcees egtdjr, @cfdgjo Rgckjs. @r.

Rgckjs, wdi wgs :7 yjgrs iom gt tdj

tc`j ie dcs mjgtd, wirljm eir Ckogkm

Mrjmacka Fi`pgky. Dj wgs g ocfjksjm

fgptgck gkm dgm wirljm gs g tjkmjr

bigt ipjrgtir sckfj tdj 7318s.

Diwjvjr, dj wgs wirlcka ck g mceecfuot

fgpgfcty gt tdj tc`j ie dcs mjgtd.Ckogkm

Mrjmacka Fi`pgky dgm g vjrbgo fik-

trgft wctd Lcttoj Djgvy Dguocka ti oigm

gkm trgkspirt ograj mrjmacka pcpjs

eri` Vgrmcs ti Arjjkwiim.]djsj pcpjs

wjrj gpprixc gtjoy 65ckfdjs ck mcg`-

jtjr, =4 ejjt oika gkm wjcadjm 7,:88-

7,488 piukms. Lcttoj Djgvy Dguocka, g

truflcka fi`pgky, ipjrgtjm iut ie

Djkgagr,Gogbg`g. Fjfco Dcaajrsik, gk

j`poiyjj ie Lcttoj Djgvy Dguocka,wgs

tdj mrcvjr dguocka tdj oigm ie pcpjs.

Ik Iftibjr 67,2887, tdj mrcvjr dgm

`gmj 2 prjvcius trcps ti Arjjkwiim

dguocka pcpjs wctdiut gky priboj`s.Ik tdj ogst oigm, g Lcttoj j`poiyjj

usjm tdj Lcttoj frgkj ti pogfj 75

mrjmacka pcpjs ik ti tdj trgcojr iwkjm

by Lcttoj ck Vgrmcs. ]dj pcpjs wjrj

stgfljm = pjr ogyjr wctd = ogyjrs ie

pcpj.Gosi, =x= tc`bjrs wjrj pogfjm ik

si`j pcpjs, but tdj oigm ie pcpjs dgm

ki fdifls. Gs yiu pribgboy lkiw, g

fdifl cs g wiimjk trcgkauogr wjmaj

tdgt cs kgcojm ti tdj =x= tc`bjr.

Qctdiut g fdifl, tdj pcpjs fgk sdcet

gkm fgk rioo iee tdj trgcojr. Fdgcks gkmstrgps wjrj ck pogfj ik tdcs oigm, but

gffirmcka ti jxpjrt wctkjss tjstc`iky,

tdisj fdgcks gkm strgps wikt prjvjkt

tdj pcpjs eri` sdcetcka gkm mikt

prjvjkt pcpjs eri` rioocka iee tdj

trgcojr gt tdj oigmcka sctj ir upik

grrcvgo gt tdj Arjjkwiim sctj wdjk

prjpgrcka ti ukoigm.Ct wgs ukmcsputjm

tdgt @r. Rgckjs gkm tdj itdjr Ckogkm

wirljrs wjrj kit ukoigmcka tdjsj

pcpjs wdjk tdj pcpj ejoo ik Rgckjs.

]djy wjrj gftugooy gsscstcka tdj trufl

mrcvjr by ukdiilcka tdj fdgcks gkm

rj`ivcka tdj strgps gkm fdgcks eri`

tdj tip ogyjr ie pcpjs bjeirj tdjy

fiuom ukoigm gkm tglj tdj pcpjs iee ie

tdj trgcojr. @r. Rgckjs dgm agtdjrjm tdj

fdgcks gkm acvjk tdj` ti tdj trufl

mrcvjr. Bitd @r. Rgckjs gkm tdj trufl

mrcvjr wjrj ik tdj mrcvjrs scmj ie tdj

trufl.Getjr tdj ogst fdgck eri` tdj tip

ogyjr ie pcpj wgs ukdiiljm eri` tdj

trgcojr, g pcpj ejoo iee tdj trgcojr, dct @r.

Rgckjs,fguscka dcs mjgtd.

Lcttojs iwk piocfcjs gkm prifjmurjs

rjqucrjm tdgt tdjcr mrcvjrs usj fdifls

ik g oigm ie pcpjs sufd gs tdcs oigm.]dj

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fdifls wdcfd tdjy ukmjrstiim. Lcttoj

dgm ckstruftjm tdjcr mrcvjrs ti usjtdj`. ]dj vcfj prjscmjkt ie tdj

fi`pgky tjstcecjm gt trcgo tdgt fdifls

wjrj gvgcogboj ti tdjcr mrcvjrs eir usj gt

tdj Vgrmcs sctj.]dj Ckogkm wirljrs tjstc-

ecjm gt trcgo tdgt kikj ie tdj oigms ie

pcpj dguojm by Lcttoj eir Ckogkm dgm

fdifls ik tdj`.

Mr. Fdgrojs Bjkjmcft,wdi cs g priejs-

scikgo ocfjksjm jkackjjr, wgs gffjptjm

by tdj Fiurt gs gk jxpjrt wctkjss. Dj

tjstcecjm ik bjdgoe ie Xogcktcees gt trcgo

tdgt g oigm ie pcpjs oclj tdcs oigm `ustdgvj fdifls kgcojm ti tdj =x= ti prip-

jroy sjfurj tdj pcpjs gkm ti prjvjkt

tdj oigm ie pcpjs eri` sdcetcka ir

rioocka.Mr. Bjkjmcft cs eg`cocgr wctd tdj

fusti`s ck tdj truflcka ckmustry gkm

dgs bjjk eg`cocgr wctd tdisj fusti`s

eri` tdj 7358s ti tdj prjsjkt. ]dj

fusti` ck tdj truflcka ckmustry cs tdgt

g oigm ie pcpjs oclj tdcs ikj sdiuom bj

fdifljm. Gt trcgo, Mr. Bjkjmcfts tjstc-

`iky wgs ukmcsputjm. Ck egft, Lcttojs

ogwyjrs dcrjm g truflcka jxpjrt, but

fiuom kit fgoo dc` ti tjstcey gt trcgo.

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dcs jmufgtcik, trgckcka gkm jxpjrcjkfj,

Mr. Bjkjmcft tjstcecjm tdgt Mjejkmgkts

brjgfdjm tdj stgkmgrm ie fgrj by

egcocka ti pripjroy sjfurj tdj oigm ie

pcpjs gkm by kit uscka fdifls. Mr.

Bjkjmcft gosi tjstcecjm ti tdj uotc`gtj

cssuj ck tdcs fgsjtdgt Mjejkmgkts

egcourj ti fdifl tdj oigm ie pcpjs

fgusjm tdj pcpj ti rioo iee ie tdj trgcojr

gkm fgusjm @r. Rgckjs mjgtd. ]dj

Mjejkmgkts mcm kit mcsputj Mr. Bjkj-

mcfts tjstc`iky.

Gk jfiki`cst, Ng`js Lijrbjr, wgs

gffjptjm by tdj fiurt gs gk jxpjrt

wctkjss gkm tjstcecjm gt trcgo fikfjrk-

cka tdj jfiki`cf oiss sueejrjm by tdj

jstgtj ie @cfdgjo Rgckjs gkm dcs twi

siks.@r. Lijrbjr tjstcecjm gs ti tdj oiss

ie euturj jgrkcka fgpgfcty ie @r.

Rgckjs. Dcs tjstc`iky wgs gosi ukmcs-

putjm by Mjejkmgkts.

Getjr sjojftcka g nury ck Ojeoirj

Fiukty, @csscsscppc, ik @grfd =, 2884,

tdj fgsj wgs trcjm eir sjvjrgo mgys.]dj

nury rjturkjm g vjrmcft ck egvir ie Xogck-

tcees eir $4:8,888. Vckfj @csscsscppc cs g

fi`pgrgtcvj kjaocajkfj stgtj, tdj nury

gppirtcikjm si`j eguot ti Lcttoj DjgvyDguocka gkm si`j eguot ti Ckogkm.]dj

fgsj wgs trcjm eir tdj pogcktcees by Nuocg

Bjgsojy gkm Kgvgk Qgrm, Nr. ie iur ecr`

gkm Fdgrojs N.Vwgyzj, Nr. gkm Fdgrojs N.

Vwgyzj, CCC, ie Qdcttckatik, Brifl &

Vwgyzj, X.G, eri` Arjjkwiim, @csscs-

scppc.]djy mcm g vjry aiim nib gkm ait

g aiim rjsuot ukmjr @csscsscppc ogw eir

tdjcr focjkts.

CCC.OJACVOG]CUJ

DGXXJKCKAV

RJAZOGRVJVVCIKV]GR]VQC]DG EOZRRSIEGF]CUC]S

Murcka tdj ecrst wjjls ie tdj Rjauogr

Vjsscik, tdjrj dgs bjjk g prjtty aiim

bct ie gftcvcty ck bitd tdj Diusj gkm

Vjkgtj.Gs usugo, tdj Diusj dgs bjjk tdj

`irj gftcvj, but tdj Vjkgtj dgskt bjjk

tii bgm tdus egr. Ct gppjgrs g bcoo

bgkkcka XGF-ti-XGF trgksejrs wcoo jvjk-

tugooy `glj ct tdriuad tdcs tc`j. ]dj

Vjkgtj pgssjm tdj Diusj bcoo wctd

fdgkajs, but tdj fdgkajs wjrj rjnjftjm

by tdj Diusj.]dj bcoo wgs sjkt ti fik-

ejrjkfj, wdcfd `jgks g fikejrjkfj

fi``cttjj wcoo bj rjqucrjm ti wirl iut

g aiim bcoo.Qdcoj jmcg rjpirts dgvjkt

8/9/2019 The Jere Beasley Report, Mar. 2008

7/48

bjjk tii lckm ti tdj Vjkgtj si egr, C g`

dipjeuo tdj Vjkgtirs wcoo put gscmj

pioctcfgo mceejrjkfjs gkm dgvj g aiim

sjsscik.

]DJBCVDIX-BGRRIKRJVIOZ]CIK

C `ust fikejss tdgt g ku`bjr ie eiols

wjrj oiilcka eirwgrm ti riukm twi ietdj Bcsdip-Bgrrik bgttoj gs g fgrry-

ivjr eri` ogst yjgrs mjbgfoj. Diwjvjr,

ct gppjgrs fiiojr djgms prjvgcojm gkm g

sdiwmiwk bjtwjjk tdj twi jomjroy

sjkgtirs wgs gvjrtjm. Vjkgtir Bcsdip

`gmj g pubocf gpioiay eir dcs gftciks

gkm C ukmjrstgkm tdj Ngspjr ogw`gljr

gosi `gmj g pjrsikgo gpioiay ti

Vjkgtir Bgrrik.Dipjeuooy, tdjrj wikt

bj gky `irj ie tdj sirt ie tdcka tdgt

dgs bjjk mjsfrcbjm gs g pubocf mcs-

argfj gkm wdcfd briuadt ukcvjrsgorcmcfuoj ti tdj stgtj.]djrj cs tii `ufd

c`pirtgkt wirl tdgt kjjms ti bj mikj

eir tdj Vjkgtj eir cts `j`bjrs ti

spjkm gky `irj tc`j ecadtcka ik tdj

Vjkgtj eoiir. @y cktjktcik cs ti kjvjr

`jktcik ct gagck ck gky euturj cssujs ie

tdcs Rjpirt. C dipj tdgt tc j wcoo

sietjk tdj bgm c`gaj frjgtjm ogst yjgr

gs g rjsuot ie gk crrjspikscboj gft.

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]dj Fdgcr`jk ie tdj Ojacsogturjs

bumajt fi``cttjjs dgvj pistpikjm

wirl ik tdj twi stgtj bumajts uktco

ogtjr tdcs `iktd ir jgroy Gprco. Kir-

`gooy, wirl stgrts `ufd jgrocjr, but

bjfgusj ie tdj ukfjrtgckoy rjogtcka ti

ecsfgo eirjfgsts tdj mjogy sjj`s ti bj g

aiim cmjg. @ufd mjpjkms ik diw tgx

fioojftciks wcoo egrj murcka tdj jfi-

ki`cf soiwmiwk. Vi egr murcka tdcsecsfgo yjgr, tdj stgtjs sgojs tgx fioojf-

tciks grj eogt gkm tdj ckmcvcmugo ckfi`j

tgx fioojftciks grj ariwcka ojss tdgk

7%.Diusj bumajt fi``cttjj Fdgcr`gk

Nidk Lkcadt sgys dcs fi``cttjj sdiuom

tglj up tdj Ajkjrgo Eukm bumajt getjr

tdj Ojacsogturjs Jgstjr brjgl.

Vjkgtj Bumajt Fi``cttjj Fdgcr`jk

Dgkl Vgkmjrs gkm Riajr Bjmeirm sgcm

tdjy wcoo wgct uktco Gprco eir tdj Jmufg-

tcik gkm Ajkjrgo Eukm bumajts ck tdj

Vjkgtj.]dj twi Vjkgtj fdgcr`jk sgcm

tdjy dipj ti dgvj g bjttjr pcfturj by

tdjk wdjtdjr bca futs wcoo bj kjfjs-

sgry eir si`j priarg`s.]dj bumajts

`ust bj eckcsdjm bjeirj tdj ojacsogtcvj

sjsscik jkms ck `cm-@gy. Dipjeuooy, tdj

jfiki`cf wijs fgusjm by tdj Busd

Gm`ckcstrgtciks crrjspikscboj ecsfgo

piocfcjs gkm tdj ukfiktrioojm spjkmcka

tdgt rjsuotjm wikt fgusj iur stgtj ti

sueejr ti gky arjgt jxtjkt. Diwjvjr, tdj

jfiki`cf miwkturk fiuom rjsuot ck tdj

futtcka ie aiim gkm bgmoy kjjmjm pri-

arg`s.]djsj wiuom ckfoumj bitd jmu-

fgtcik priarg`s gkm tdisj priarg`s

eukmjm iut ie tdj ajkjrgo eukm bumajt.

Viurfj> Gssifcgtjm Xrjss

G]]IRKJSAJKJRGOXRIXIVJV]IZADJROGQGAGCKV]MRCKLCKAGKMMRCUCKA

Gogbg`g Gttirkjy Ajkjrgo ]riy Lcka

dgs pripisjm ojacsogtcik ti tiuadjk tdj

ogw gagckst pjipoj wdi mrckl gofidiocf

bjvjrgajs gkm tdjk mrcvj. ]dj bcoo

wiuom ckfrjgsj tdj sjktjkfjs eir vciog-

tirs gkm wiuom `glj si`j MZC ieejkm-

jrs ckstgoo cktjroiflcka mjvcfjs ck tdjcr

fgrs si tdj vjdcfoj wiuom kit stgrt uktco

tdj mrcvjr pgssjm gk ik-tdj-spit brjgtd-

goyzjr tjst.]dj Gttirkjy Ajkjrgos pri-

pisgo wiuom rj`ivj g oiipdioj eri`

tdj stgtjs furrjkt MZC ogw.]dj Gogbg`g

Fiurt ie Frc`ckgo Gppjgos ruojm ck Vjp-

tj`bjr tdgt tdj eiur fikvcftciks tdgt

rgcsj g mrukljk mrcvcka sjktjkfj eri` g

`csmj`jgkir ti g ejoiky `ust bj

wctdck g ecvj-yjgr pjrcim. ]dj ruocka

strufl miwk g oika ejoiky sjktjkfj eir

g `itircst wdi dgm sjvjk MZC fikvcf-

tciks wctdck 7: yjgrs, but ikoy tdrjj

wctdck g ecvj-yjgr pjrcim.]dj kjw ogwwiuom `glj ct fojgr tdgt mrukljk

mrcvcka cs g ejoiky getjr eiur fikvcftciks

wctd ki jxfjptciks. Eir tdcrm-tc`j

ieejkmjrs, tdj bcoo wiuom gooiw tdj

numaj ti rjqucrj tdj ieejkmjr ti ckstgoo

tdj cakctcik cktjroifl mjvcfj. Mrcvjrs

`ust boiw ckti tdj mjvcfj gkm tdj fgr

wikt stgrt ce tdj mrcvjr cs cktixcfgtjm.

Viurfj> Gssifcgtjm Xrjss

@CKC@Z@OC@C]VBCOOXGVVJV

]dj Diusj ie Rjprjsjktgtcvjs dgs

pgssjm g bcoo tdgt wcoo brcka Gogbg`g ck

ockj wctd gbiut dgoe tdj Viutd by

rgcscka tdj `ckc`u` g`iukt ie guti-

`ibcoj ocgbcocty cksurgkfj tdgt

`itircsts `ust buy.]dj Diusj vitjm

42-8 eir ojacsogtcik by Rjp. @grf

Ljgdjy, M-Arivj Dcoo, tdgt wiuomrjqucrj `itircsts ti fgrry $2:,888 ck

fivjrgaj eir g sckaoj cknury ir mjgtd,

$:8,888 eir uotcpoj cknurcjs ir mjgtds,

gkm $2:,888 eir pripjrty mg`gaj.]dj

furrjkt `ckc`u` oc`cts ukmjr

Gogbg`gs `gkmgtiry cksurgkfj ogw

grj $28,888, $=8,888 gkm $78,888,

rjspjftcvjoy. Rjp. Ljgdjys bcoo kiw

aijs ti tdj Vjkgtj,wdjrj gk cmjktcfgo

`jgsurj by Vjk. Riajr Bjmeirm wgs

prjvciusoy pgssjm by g vitj ie 66-8. Eir

tdj dcadjr rjqucrj`jkts ti bjfi`j

ogw, Ljgdjys bcoo `ust pgss ck tdj

Vjkgtj ir Bjmeirms bcoo `ust wck

gpprivgo ck tdj Diusj.

]dj pripisjm kjw `ckc`u`s wiuom

brcka Gogbg`g ck ockj wctd tdj cksur-

gkfj rjqucrj`jkts ck Grlgksgs,

Ajiracg,@csscsscppc,Viutd Fgriockg gkm

]jxgs.]jkkjssjj,Ucrackcg gkm Ljktufly

dgvj tdj sg`j oc`cts eir cknurcjs gkm

mjgtds but s`goojr g`iukts eir prip-

jrty mg`gaj.Eoircmg gkm Oiucscgkg dgvjoiwjr g`iukts gfriss tdj bigrm, gkm

Kirtd Fgriockgs `ckc`u`s grj dcadjr

eir cknurcjs gkm mjgtds tdgk tdisj pri-

pisjm eir Gogbg`g, gffirmcka ti tdj

Cksurgkfj Ckeir`gtcik Ckstctutj.

Qdcoj pgssgaj ie tdcs ojacsogtcik

wiuom bj g aiim tdcka,ct cs arissoy ckgm-

jqugtj.G sjrcius `itir vjdcfoj gffcmjkt

rjsuotcka ck sjvjrj mcsgbocka cknurcjs

wiuom ibvciusoy ckviovj `jmcfgo bcoos

goikj tdgt wiuom arjgtoy jxfjjm tdj

g`iukt ie gvgcogboj cksurgkfj. ]djgkswjr cs eir pjrsiks wdi dgvj ocgbcocty

cksurgkfj ti purfdgsj ukcksurjm

`itircst fivjrgaj ck tdj ograjst g`iukt

pisscboj eri` tdjcr cksurgkfj fgrrcjr.

]dj prj`cu`s eir dcadjr ukcksurjm

`itircst fivjrgaj cs egcroy ckjxpjkscvj.

Zkcksurjm `itircst fivjrgaj cs iptcikgo

ck Gogbg`g. Ct lcfls ck wdjk tdj mrcvjr

gt eguot ck gk gffcmjkt dgs ki cksurgkfj

www.BjgsojyGoojk.fi` 1

8/9/2019 The Jere Beasley Report, Mar. 2008

8/484 www.BjgsojyGoojk.fi`

ir tii octtoj cksurgkfj ti fivjr goo tdj

mg`gaj.G stumy rjojgsjm ogst yjgr by tdj

kikpriect Cksurgkfj Rjsjgrfd Fiukfco

sdiwjm tdgt 2:% ie Gogbg`g mrcvjrs

ogfljm cksurgkfj bjtwjjk 7333 gkm

288=.]dgt tcjm Gogbg`g wctd Fgoceirkcg

eir tdj sjfikm-dcadjst pjrfjktgaj ie

ukcksurjm mrcvjrs. @csscsscppc wgs ecrst.

Qdcoj pgssgaj ie tdj `ckc`u` oc`cts

bcoo siukms aiim, ckfrjgscka tdj ukck-

surjm `itircst fivjrgaj cs tdj rjgo

gkswjr wdjk ct fi`js ti pritjftcka

cksurjm mrcvjrs.

Viurfj> Gssifcgtjm Xrjss

CU.

FIZR] QG]FD

FDCJENZV]CFJQGRKVIEOGSIEEVCKFIZR]V

Fdcje Nustcfj Vuj Bjoo Fibb sgys tdj

stgtj fiurt systj` wcoo dgvj ti ogy iee

j`poiyjjs uktco tdj systj` ajts g

bumajt ckfrjgsj. ]dj fiurts ck

Gogbg`gs 51 fiuktcjs grj ajttcka g

stgtj gppriprcgtcik ie $7::.4 `coocik

tdcs yjgr ti pgy numajs, fiurt fojrls,

nuvjkcoj pribgtcik ieecfjrs gkm itdjr

j`poiyjjs. Goo but $6 `coocik ie tdj

gppriprcgtcik cs aicka eir sgogrcjs gkmbjkjects, gffirmcka ti tdj Fdcje

Nustcfj, wdi djgms Gogbg`gs fiurt

systj`. Eir tdj kjw ecsfgo yjgr bjack-

kcka Iftibjr 7st, tdj fdcje nustcfj dgm

siuadt gk ckfrjgsj ti $71= `coocik,

but Aivjrkir Bib Rcojy dgs rjfi`-

`jkmjm $7:5.3 `coocik, wdcfd cs nust

gbiut ojvjo eukmcka.

Fdcje Nustcfj Fibb wgs tdj ecrst fdcje

nustcfj ckvctjm ti acvj g Vtgtj ie tdj

Numcfcgry spjjfd ti g nickt sjsscik ie

tdj Ojacsogturj sckfj Fdcje NustcfjVikky Dirksby ck 7343. ]dj Fdcje

Nustcfj rjpirtjm tdgt numajs grj trycka

ti djop jgsj tdj ariwcka ku`bjr ie

stgtj prcsikjrs by mjvjoipcka mrua

fiurts gkm uscka fi``ukcty firrjf-

tciks. Bitd priarg`s ljjp kikvciojkt

ieejkmjrs iut ie prcsik by ojttcka tdj`

rj`gck ck tdjcr fi``ukctcjs wctd

cktjkscvj `ikctircka. Mrua fiurt gosi

ckviovjs rgkmi` mrua tjsts 78 ti 72

tc`js `iktdoy ti `glj surj pgrtcfc-

pgkts stgy iee mruas. By tdcs tc`j kjxt

yjgr, tdj Fdcje Nustcfj Fibb prjmcftjm

sdj wiuom bj gboj ti rjpirt g mjfockj

ck Gogbg`gs prcsik pipuogtcik

wctdiut fi`pri`cscka pubocf sgejty.

Jvjrybimy fikfjrkjm sdiuom garjj

tdgt tdj fiurt systj` ck Gogbg`g `ust

bj gmjqugtjoy eukmjm. ]i `glj tdgt

dgppjk, tdj ojacsogtirs sdiuom `jjt

tdj systj`s kjjms wctd gk ckfrjgsj ck

tdj aivjrkirs pripisgo.

Viurfj>Gssifcgtjm Xrjss

V]G]JIEGOGBG@GGXXJGOVG XIR]CIKIE]DJJTTIKFGVJ

Jxxik@ibco dgs pgcm g titgo ie

$727,:77,267 ti tdj Vtgtj ie Gogbg`g

,wdcfd rjprjsjkts `ist ie wdgt tdjpiwjreuo ico acgkt iwjm tdj stgtj getjr

tdj Gogbg`g Vuprj`j Fiurt tiil gwgy

goo ie tdj pukctcvj mg`gajs. Kiw tdj

Vtgtj cs gppjgocka tdj trcgo numajs

ruocka ik g pirtcik ie tdj fi`pjksg-

tiry mg`gajs ti tdj Vuprj`j Fiurt ck

gk jeeirt ti rjfivjr tdj gmmctcikgo

$27.6 `coocik wj fiktjkm Jxxik stcoo

iwjs tdj Vtgtj. Qj bjocjvj tdgt ik

gppjgo tdcs ruocka wcoo bj ck tdj Vtgtjs

egvir. ]dj gmmctcikgo g`iukt muj cs

gftugooy eri` g 72% pjkgoty tdgt cs

rjqucrjm ti bj pgcm ik ukpgcm riygotcjs.

Jxxik dgm tgljk tdj pisctcik tdgt tdcs

wgs g pjkgoty gkm kit cktjrjst, tdgt cs,

tdgt wgs tdj fi`pgkcjs pisctcik prcir

ti tdj ogst djgrcka.]djcr pisctcik dgm

fdgkajm by tdj tc`j tdj djgrcka wgs

djom.Qdgt dgm bjjk tjr`jm g pjkgoty

by Jxxik@ibco goo ie g summjk bjfg`j

cktjrjst.

GOGBG@GVZXRJ@JFIZR]ECKGOOSMIJV]DJRCAD]]DCKA

]dj Gogbg`g Vuprj`j Fiurt eckgooy

firrjftjm g arcjvius wrika tdgt dgm

bjjk mikj by tdj dcad fiurt. Gs g

rjsuot, pjrsiks oclj tdj ogtj Ngfl Fockj

wcoo kiw bj gboj ti dgvj tdjcr mgy ck

fiurt.Gs yiu lkiw, Ngfl Fockj wgs octjr-

gooy picsikjm ik tdj nib gkm tdj

fi`pgky tdgt `gmj tdj tixcks tdgt

lcoojm dc` sdiuom dgvj bjjk djom

rjspikscboj.Gotdiuad tdj rjsuot ck tdj

rjfjkt fgsj wikt geejft tdj Fockj

eg`coy, gt ojgst gffirmcka ti g rjpirt ck

tdj Bcr`ckadg` Kjws tdj fiurt

ecxjm tdj Fockj priboj`. Rjagrmojss

ie diw si`j ie tdj nustcfjs rjgooy

ejjodgm ct kit bjjk eir Ngfl Fockj

tdj rjfjkt mjfcscik by tdj mcvcmjm

fiurt wiuom kjvjr dgvj dgppjkjm. Eir-

tukgtjoy, g `gnircty ie tdj nustcfjs ik

tdj Vuprj`j Fiurt eckgooy stiim up

gagckst tdj piwjr gkm ckeoujkfj ie tdj

bca busckjss oibby ck Gogbg`g.Gs yiu

wcoo rjfgoo, Ngfl Fockj mcjm ie `yjoiaj-

kius ojulj`cg ck Ngkugry getjr g oika

gkm uksuffjsseuo bgttoj ti dgvj tdj

egfts ie dcs fgsj djgrm by g nury. Dj

eiuadt eir nustcfj up uktco dj mcjm, gkm

ck `y ipckcik tdcs `gk wgs g trujG`jrcfgk djri.

Ck tdj rjfjkt fgsj, ecvj `j`bjrs ie

tdj fiurtFdcje Nustcfj Vuj Bjoo Fibb

gkm Nustcfjs Fdg`p Oyiks Nr., ]i`

Qiimgoo, ]i` Xgrljr gkm Aojkk

@urmiflvitjm ti ivjrturk mjfgmjs

ie prjfjmjkt tdgt `gmj ct vcrtugooy

c`pisscboj eir Gogbg`cgks scfljkjm by

tixcks ti dgvj tdjcr fgsjs djgrm by g

fiurt gkm nury.]dcs mjfcscik ivjrturks

ikj ie tdj wirst ruojs ie ogw jvjr ti

dgvj jxcstjm ck iur stgtj.Kiw g wrika-euo mjgtd ogwsuct tdgt g trcgo numaj dgm

bgrrjm ik ariukms tdgt tdj pogcktcee

wgctjm tii oika ti ecoj suct wcoo ai

eirwgrm.

]dj :-= mjfcscik wcoo gooiw Gogbg`c-

gks jxpisjm ti tixcf fdj`cfgos getjr

Ngkugry 2:, 2885, ti suj tdj `gkuegf-

turjrs ce tdjy bjfi`j coo ck tdj euturj,

but ct wcoo kit gppoy ti tdiusgkms ie

pjipoj wdi wjrj ogst jxpisjm bjeirj

tdgt mgtj. Bcr`ckadg` ogwyjr Bib

Xgo`jr, wdi rjprjsjkts tdj pogcktcee ck

tdj fgsj,g wcmiw ie g ]usfgoiisg `gk

wdi mcjm eri` g rgrj eir` ie ojulj`cg,

ibsjrvjm getjr tdj fiurt ruojm>

Mjkcgo ie nustcfj ti gkyikj cs kit

nustcfj. ... Cts g vcftiry, but cts kit

g fi`pojtj vcftiry.

Bib cs firrjft, tdj nib cskt eckcsdjm.

]dj Gogbg`g Ojacsogturj sdiuom

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9/48

8/9/2019 The Jere Beasley Report, Mar. 2008

10/4878 www.BjgsojyGoojk.fi`

acboj eir pgy jkt. C dipj nustcfj wcoo bj

mikj.

Viurfj> Gssifcgtjm Xrjss

GKGXXJGOVFIZR]IUJR]ZRKV]RGUJOJRV$:88 @COOCIKGVBJV]IVVJ]]OJ@JK]

G ejmjrgo gppjgos fiurt dgs ivjr-

turkjm g $:88 `coocik sjttoj`jktrjgfdjm twi yjgrs gai by ]dj ]rgvjojrs.

Fis. Ckf. ]dcs ruocka fiuom rjsuot ck

`irj ogwsucts bjcka ecojm gagckst tdj

fi`pgky.]dj ruocka by tdj Z.V. Fiurt

ie Gppjgos eir tdj Vjfikm Fcrfuct

vgfgtjm g @grfd 2885 mjfcscik ie tdj

Z.V.Mcstrcft Fiurt eir tdj Viutdjrk Mcs-

trcft ie Kjw Sirl.]dj 2885 sjttoj`jkt,

wdcfd grisj eri` tdj sjttoj`jkt ie

gsbjstis fogc`s grcscka iut ie g suct by

Mjkvjr, Fioirgmi-bgsjm Nidks-@gkvcooj

Firp.,cs subnjft ti eckgo fiurt gpprivgo.]rgvjojrs cksurjm @gkvcooj,wdcfd ecojm

eir bgklruptfy ck 7342,wdcoj ct `gmj

gkm siom gsbjstis eri` tdj 73=8s ti tdj

7318s.]rgvjojrs sgys ct wcoo kit gmnust

tdj ojvjo ie cts gsbjstis rjsjrvjs gs g

rjsuot ie tdj Vjfikm Fcrfucts mjfcscik.

Ct wcoo bj cktjrjstcka ti sjj diw tdcs

ogtjst mjvjoip`jkt pogys iut.

Viurfj> Cksurgkfj Niurkgo

NZMAJGOOIQVFOGVVGF]CIKDI]EZJOOGQVZC]]IXRIFJJM

Gs tdj rjsuot ie g ejmjrgo numajs

ruocka,g fogss-gftcik ogwsuct gagckst Z.V.

ico fi`pgkcjs eir kit gmnustcka agsi-

ockj prcfjs ir viou`j eir tj`pjrgturj

wcoo ai eirwgrm. Z.V. Mcstrcft Numaj

Lgtdryk Urgtco, djgrcka ogwsucts eri`

gfriss tdj fiuktry fiksiocmgtjm ck djr

fiurt ck Lgksgs Fcty, Lgksgs, rjnjftjm g

`itcik by tdj ico fi`pgkcjs ti mcs`css

tdj ogwsuct. Ck micka si, tdj numaj sgcmtdj mjejkmgkts dgm kit jxpogckjm diw

tdjcr grau`jkts, jvjk ce gffjptjm,

wiuom prjfoumj tdj pogcktceesfogc`s.

]dj ogwsuctseri` 25 stgtjs, Aug`,

gkm tdj Mcstrcft ie Fiou`bcgfik-

tjkmjm tdgt fusti`jrs fgk bj

mjfjcvjm, sdirtfdgkajm, ir bitd

bjfgusj `itir eujo cs siom by viou`j

gkm kit gmnustjm eir tj`pjrgturj. Gt

tdj oikatc`j ckmustry stgkmgrm ie 58

mjarjjs, tdj 267-fubcf-ckfd Z.V. agooik

puts iut g fjrtgck g`iukt ie jkjray.

But eujo cs ietjk siom gt `ufd dcadjr

tj`pjrgturjs, fguscka tdj eujo ti

jxpgkm gkm tdj g`iukt ie jkjray ti

mjfockj eir jgfd agooik mcspjksjm.Fik-

su`jrs kgtcikwcmj gkkugooy pgcm gk

jstc`gtjm $2.6 bcoocik `irj tdgk tdjy

itdjrwcsj wiuom dgvj ti bjfgusj tdj

yjgr-riukm gvjrgaj eujo tj`pjrgturj

wgs kjgroy ecvj mjarjjs dcadjr tdgk tdj

kgtcikwcmj stgkmgrm.

]dj ogwsucts dgvj `irj tdgk 788

mjejkmgkts, ckfoumcka `gnir ico fi`pg-

kcjs,mcstrcbutirs, gkm eujo rjtgcojrs.]dj

pogcktcees ckfoumj jvjrymgy fiksu`jrs,

trufljrs, gkm s`goo busckjssjs. Qdcoj

tdcs fiurt irmjr wgs `ist scakcecfgkt,

tdj numaj wgs sc`poy eiooiwcka tdj ogw.

Bib Dirk, g vjry aiim Lgksgs Fctyogwyjr, cs g fi-ojgm fiuksjo ck tdcs octcag-

tcik. Qj wcoo fiktckuj ti `ikctir

eurtdjr mjvjoip`jkts ck tdcs fgsj sckfj

wj grj gftcvjoy ckviovjm tdj octcagtcik.

Rdik Nikjs cs tdj ojgm ogwyjr eir iur

ecr` ck tdj fgsjs.

Viurfj> Lgksgs Fcty Vtgr

NZMAJZXDIOMV$735.2 @COOCIKGQGRMGAGCKV]MZXIK]

G Qjst Ucrackcg Vtgtj fcrfuct numaj

dgs updjom g $735.2 `coocik pukctcvj

mg`gajs gwgrm gagckst MuXikt ck tdj

fogss gftcik piooutcik fgsj tdgt wj

writj gbiut rjfjktoy. Ck dcs irmjr,

Numaj ]di`gs G. Bjmjoo gosi irmjrjm

tdj Qco`ckatik, Mjogwgrj-bgsjm

fdj`cfgo acgkt ogst `iktd ti sjt gscmj

kjgroy $768 `coocik eir g `jmcfgo

`ikctircka pogk. Numaj Bjmjoo sgcm tdj

pogk wiuom bj ipjrgtjm ik g pgy-gs-

yiu-ai bgscs, but MuXikt `ust put tdjtitgo g`iukt ck gk jsfriw gffiukt.

]dj nury ck tdj fgsj rjqucrjm MuXikt

ti privcmj `jmcfgo `ikctircka eir =8

yjgrs ti pjipoj wdi wjrj jxpisjm ti

grsjkcf, fgm`cu` gkm ojgm eri` g

eir`jr zckf-s`jotcka pogkt ck tdj

s`goo fi``ukcty ie Vpjotjr.

Numaj Bjmjoo gppicktjm Jm Ajktoj, g

Bcr`ckadg`, Gogbg`g ogwyjr, gs

gm`ckcstrgtir ie tdj `jmcfgo `ikctir-

cka pogk. Gs yiu `gy rjfgoo, tjk rjsc-

mjkts ie Vpjotjr sujm MuXikt ck 288=,

fogc`cka tdj fi`pgky mjocbjrgtjoy

`csojm tdj` gbiut djgotd rcsls eri`

tdj piooutcik gkm mjogyjm g sctj

fojgkup eir gs oika gs pisscboj ti

`gxc`czj priects. ]dj ogwsuct wgs

trcjm ogst yjgr ck eiur pdgsjs ckviov-

cka pripjrty mg`gaj fogc`s, oika-

tjr` djgotd sfrjjkckas, gkm firpirgtj

gffiuktgbcocty. Nurirs gwgrmjm tdj

pukctcvj mg`gajs ck Iftibjr ck tdj

trcgos eiurtd pdgsj. Ck tdj itdjr

pdgsjs, tdj nury rjqucrjm `jmcfgo

`ikctircka gkm eiukm MuXikt ocgboj

eir kjaocajkfj ck frjgtcka tdj wgstj

sctj. Nurirs gosi eiukm tdgt MuXikt

dgm frjgtjm g pubocf gkm prcvgtj kuc-

sgkfj gkm tdgt cts piooutcik trjs-

pgssjm ikti prcvgtj pripjrty. MuXiktpogks ti gppjgo.

Viurfj> Gssifcgtjm Xrjss

GOGBG@GVZXRJ@JFIZR]G]]J@X]V]IRJV]RCF]QDJRJG XRIMZF]VFGVJ@GSBJECOJM

]djrj dgvj bjjk twi rjfjkt ipck-

ciks by tdj Gogbg`g Vuprj`j Fiurt

tdgt dgvj kit agckjm `ufd `jmcg

gttjktcik, but dgvj dgm g scakcecfgkt

c`pgft ik tdj rcadts ie tdj cknurjm gkmmcsgbojm ck Gogbg`g.Jx pgrtj Vuzulc

@ibcoj, Ckf. gkmJx pgrtj Uiovi ]rufls

Kirtd G`jrcfg, Ckf. grj scakcecfgkt

bjfgusj tdj Vuprj`j Fiurt dgs

gttj`ptjm ti sjvjrjoy rjstrcft wdjrj

cknurjm pgrtcjs fgk ecoj g primuft ocgbco-

cty fgsj ck Gogbg`g. Bjeirj tdjsj mjfc-

sciks, ct wgs ajkjrgooy ukmjrstiim tdgt

tdj oifgtcik ie wdjrj tdj cknury

iffurrjm wgs g pripjr bgscs eir jstgb-

ocsdcka vjkuj ck tdj fiukty.]dcs ukmjr-stgkmcka wgs bgsjm upik tdj pogck

ogkaugaj ie Gogbg`gs stgtutj aivjrk-

cka vjkujck tdj fiukty ck wdcfd g

substgktcgo pgrt ie tdj jvjkts ir i`cs-

sciks acvcka rcsj ti tdj fogc`

iffurrjm. Ct wgs gssu`jm by pogcktcee

gkm mjejksj ogwyjrs tdgt pgrts ie tdj

jvjktsacvcka rcsj ti tdj fogc`wjrj

tdj cknury gkm tdj fgusgtcik, c.j., tdj

8/9/2019 The Jere Beasley Report, Mar. 2008

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www.BjgsojyGoojk.fi` 77

mjejft fguscka tdj cknury. Qctdiut

cknury gkm fgusgtcik, tdjrj cs ki fogc`,

gkm tdj cknury gkm fgusgtcik iffur

wdjrj tdj gffcmjkt dgppjks. Mjspctj

tdcs, tdj Gogbg`g Vuprj`j Fiurt djom

tdgt ct cs tdj wrikaeuo gfts ie tdj fir-

pirgtj mjejkmgkt tdgt mjtjr`ckj

vjkuj ukmjr tdcs stgtutj.

Ck tdj fgsj, tdj pogcktcees sik wgs

sjrciusoy cknurjm ck gk gffcmjkt ck

Fdiftgw Fiukty wdcoj ipjrgtcka gk

G]U.]dj pogcktcee sujm Vuzulc, tdj `gk-

uegfturjr ie tdj G]U, gkm tdj mjgojrsdcp

wdjrj ct wgs purfdgsjm, goojacka tdj

G]U wgs mjejftcvjoy mjscakjm.]dj suct

wgs ecojm ck Fdiftgw Fiukty wdjrj

tdj gffcmjkt iffurrjm.]dj mjgojrsdcp

wgs oifgtjm ck @ibcoj Fiukty, gkm tdj

mjejkmgkts ecojm g `itcik ti trgksejr

vjkuj ti @ibcoj Fiukty.]dj trcgo fiurt

mjkcjm tdj `itcik,gkm tdj mjejkmgktspjtctcikjm eir g wrct ie `gkmg`us

gslcka tdj Gogbg`g Vuprj`j Fiurt ti

trgksejr tdj gftcik.

]dj Vuprj`j Fiurt djom tdgt, jvjk

tdiuad tdj cknury iffurrjm ck Fdiftgw

Fiukty, vjkuj wgs gftugooy pripjr ck

@ibcoj Fiukty, wdjrj tdj mjgojrsdcp

wgs oifgtjm.]dj Fiurt mjtjr`ckjm tdgt

wdcoj tdj oifgtcik wdjrj tdj cknury

iffurrjm usjm ti bj g mcspisctcvj egft,

tdj Nuoy 7333 g`jkm`jkt ti tdj stgtutj

eifusjm tdj ckqucry ik tdj oifgtcik ietdj jvjkts ir i`cssciks acvcka rcsj ti

tdj fogc`. ]dj Fiurt rjgsikjm tdgt,

bjfgusj tdj Xogcktcees fi`pogckt

goojajm tdj wrikaeuo gfts iffurrjm ck

tdj mjscak,`gkuegfturj, gssj`boy, mcs-

trcbutcik, gkm sgoj ie tdj G]U, kikj ie

wdcfd iffurrjm ck Fdiftgw Fiukty, ct

fiuom kit bj g pripjr vjkuj.

]dcs ruocka wgs eurtdjr fogrcecjm ck

tdj Uiovi fgsj. Ik Iftibjr 72,288:,

Nisjpd Erjj`gk, Nr., wdi wgs

j`poiyjm by Jvjrarjjk Eirjst Xrim-

ufts, wgs mrcvcka g 288= Uiovi trgftir

trgcojr. Gotdiuad dj wgs ibjycka tdj

spjjm oc`ct gkm ipjrgtcka dcs trufl ck

g sgej `gkkjr, gk ikfi`cka pcflup

trufl frissjm ivjr tdj fjktjr ockj ie

tdj dcadwgy gkm strufl Erjj`gks

Uiovi trufl kjgr tdj mrcvjr scmj erikt

tcrj. Gs g rjsuot ie tdj fioocscik, gkm

mjspctj wjgrcka dcs sjgtbjot, Erjj`gk

wgs jnjftjm tdriuad tdj wckmsdcjom

ikti tdj pgvj`jkt. Dj survcvjm gt tdj

sfjkj, but ogtjr mcjm gs g rjsuot ie dcs

cknurcjs.

Erjj`gks mguadtjr ecojm suct gagckst

Uiovi gkm tdj mjgojrsdcp wdi siom tdj

trufl ck @iktai`jry Fiukty, eir g

mjejftcvj sjgtbjot.]dj mjejkmgkts ecojm

g `itcik ti trgksejr tdj fgsj ti Butojr

Fiukty ik tdj bgscs ie eiru` kik fik-

vjkcjks bjfgusj tdj gffcmjkt iffurrjm

tdjrj gkm bjfgusj ct wiuom bj `irj

fikvjkcjkt ti tdj wctkjssjs.]dj trcgo

fiurt mjkcjm tdj `itcik gkm tdj mjejk-

mgkts ecojm g pjtctcik ie `gkmg`us

wctd tdj Vuprj`j Fiurt. Ck gkgoyzcka

tdj cssujs, tdj Vuprj`j Fiurt ecrst

kitjm tdgt, ck irmjr ti trgksejr tdj fgsj

ti Butojr Fiukty, tdgt fiukty `ust bj g

pripjr vjkuj.Gppoycka tdj rgtcikgoj ie

tdj Vuzulc fgsj, tdj Fiurt mjtjr`ckjmtdgt Butojr Fiukty wgs kit g pripjr

vjkuj eir tdj gftcik bjfgusj kikj ie

tdj wrikaeuo gfts ie tdj firpirgtj

mjejkmgkts ck mjscakcka, `gkuegftur-

cka, gkm sjoocka tdj trufl gkm cts mjejf-

tcvj sjgtbjot iffurrjm tdjrj.]dj Fiurt

garjjm wctd tdj Xogcktcee gkm eiukm tdgt

@iktai`jry Fiukty wgs tdj pripjr

vjkuj bjfgusj tdj sgoj ie tdj mjejftcvj

sjgtbjot iffurrjm tdjrj.

]djsj ipckciks sjj` ti ruk fiuktjr

ti tdj ukmjroycka prj`csj ie Gogbg`gogw tdgt ct cs ck tdj cktjrjst ie nustcfj

eir g suct ti bj ecojm ck g fiukty wctd g

strika fikkjftcik ti tdj gftcik.]dj

Vuprj`j Fiurt dgs stgtjm>

]dj ljy egftirs fikfjrkcka tdj

cktjrjst ie nustcfj tdgt fojgroy

gppoy ck tdcs fgsj grj tdj burmjk

ie pcocka fiurt sjrvcfjs gkm

rjsiurfjs upik tdj pjipoj ie g

fiukty tdgt cs kit geejftjm by tdj

fgsj gkm, pjrdgps `ist bgscf iegoo, tdj cktjrjst ie tdj pjipoj ie g

fiukty ti dgvj g fgsj tdgt grcsjs

ck tdjcr fiukty trcjm foisj ti

pubocf vcjw ck tdjcr fiukty.

Jx pgrtj V`ctds Qgtjr & Vjwjr

Gutdircty, 2881 QO 2541635 (Gog. Vjpt.

7=,2881).

Sjt, wctd tdj kjw cktjrprjtgtcik ie

tdj vjkuj stgtutj, g fiukty dgvcka ki

fikkjftcik ti tdj gffcmjkt, tdj cknurjm

vcftc`, ir jvjk ti tdj mjejkmgkt wdi

mjscakjm gkm `gkuegfturjm tdj

primuft cs kiw g pripjr vjkuj sc`poy

bjfgusj tdj ograj firpirgtcik dgs gk

ukrjogtjm mjgojrsdcp ir gk gajkt ck tdj

fiukty. Kiw ikj fgk jkvcscik tdgt

primuft fgsjs wcoo bjack ti pcoj up ck

tdj fiuktcjs wctd ograjr fctcjs ck tdj`

bjfgusj tdgt cs wdjrj tdj firpirgtj

mjejkmgkts usugooy dgvj mjgojrsdcps.

Sjt, tdj fiukty wdjrj tdj mjgtd ir

sjvjrj cknury iffurrjm, wdjrj tdj

fogc` grisj, gkm wdjrj tdj ie tdj

fiukty dgvj tdj strikajst cktjrjst ck

kit dgvcka mjejftcvj primufts cknurj ir

lcoo tdjcr rjscmjkts, wcoo ki oikajr bj

fikscmjrjm g pripjr vjkuj.]dgt sjj`s

ti bj g rjgo fdgkaj eri` wjoo-sjttojm

vjkuj fgsj ogw ck iur stgtj.

G EIR@JRVZXRJ@JFIZR]NZV]CFJVXJGLVIZ]

Vgkmrg Mgy IFikkjr, wdi sjrvjm

wctd mcstckftcik ik tdj Z.V. Vuprj`j

Fiurt, dgm si`j cktjrjstcka ibsjrvg-

tciks rjfjktoy rjogtcka ti iur fiurt

systj`. ]dj nustcfjs fi``jkts wjrj

prcktjm ck g rjfjkt stiry ck Xgrgmj `ga-

gzckj. C bjocjvj yiu wcoo eckm djr gstutj

ibsjrvgtciks ti bj kit ikoy cktjrjstcka,

but jxtrj`joy tdiuadt-privilcka.

DIQ]IVGUJIZRFIZR]V

Ck `y wirl gs g Vuprj`j Fiurt

nustcfj, C wgs rjqucrjm by tdj Fik-

stctutcik ti egcroy gkm c`pgrtcgooy

gppoy tdj ogw-kit tdj ogw gs C

wgktjm ct ti bj but tdj ogw gs ct

wgs. Kiw, gs g prcvgtj fctczjk, Cg` gkxcius gbiut tdj stgtj ie tdj

numcfcgry ck G`jrcfg.

C g` kit fikfjrkjm gbiut pgrtcfu-

ogr numajs ir fgsjs, kir g` C fik-

fjrkjm gbiut tdj numcfcgry sdcetcka

rcadt ir ojet.Qdgt wirrcjs j cs tdj

`gkkjr ck wdcfd pioctcfgooy `itc-

vgtjm cktjrjst ariups grj gttj`pt-

cka ti cktjrejrj wctd nustcfj.

8/9/2019 The Jere Beasley Report, Mar. 2008

12/48

]dj ruoj ie ogw ck tdj Z.V.

ckfoumjs stgtutjs gkm fikstctu-

tcikgo privcsciks. Ct gosi ckviovjs

prjfjmjkt, wdcfd cs g prjvcius

numcfcgo ruocka ik g `gttjr. G

numaj typcfgooy mjejrs ti prjfj-

mjkt. Oclj aiim fiilcka, aiim

numacka rjqucrjs tglcka ckarjmc-

jkts gkm prifjmurjs usjm suffjss-

euooy ck tdj pgst gkm gmnustcka

tdj` ti tdj fgsj gt dgkm. Kjw

ojago rjfcpjs-ir ruojs-fgk dgvj

`gnir rg`cecfgtciks. Vi ce g numaj

fi`js up wctd g kjw wgy ti

gppoy tdj ogw, djr ipckcik `gy

bj rjvcjwjm by stgtj ir ejmjrgo

gppjoogtj fiurts ti jksurj tdgt ct

cs g firrjft cktjrprjtgtcik ie tdj

ogw. Ce cts kit, cts ivjrturkjm.

]dus, iur numcfcgo systj` dgs

sgejaugrms ti jksurj fikscstjkfy

gkm prjsjrvgtcik ie tdj ogw.But ct

cs tdrjgtjkjm wdjk numajs cakirj

sjttojm ogw gkm `glj mjfcsciks

gffirmcka ti pjrsikgo ir pubocf

prjejrjkfjs.

]dj numcfcgry furrjktoy cs jxpjrc-

jkfcka ukprjfjmjktjm prjssurj

eri` cktjrjst ariups ti `glj

mjfcsciks tdgt grj bgsjm ik pioc-

tcfs. Ck Qgsdckatik, M.F., wj djgr

g oit gbiut ejmjrgo numajs, gkmtdjy dgvj g frctcfgo rioj ck

updiomcka tdj Fikstctutcik. But

dgvcka bjjk g stgtj numaj gkm g

stgtj ojacsogtir, C lkiw tdgt tdj

vgst `gnircty ie ogw cs stgtj ogw.

Kckjty-ecvj pjrfjkt ie octcagtcik

tgljs pogfj ck stgtj fiurts. @gky

ojago cssujs grj prc`grcoy mjfcmjm

tdjrj, ckfoumcka mcvirfj, pripjrty

rcadts, j`poiy`jkt ogw, primuft

ocgbcocty gkm `jmcfgo `goprgftcfj.

Xioctcfgo prjssurj cs g bca priboj`

ck g ku`bjr ie iur stgtj fiurts.

@irj tdgk 43% ie stgtj numajs ai

tdriuad si`j eir` ie jojftcik

prifjss. @gky ie tdjsj jojftciks

rjfjktoy dgvj bjfi`j euoo-eojmajm

pioctcfgo bgttojs, eujojm by

ariwcka su`s ie `ikjy spjkt by

fgkmcmgtjs gkm spjfcgo-cktjrjst

ariups ti gttgfl, mjejkm gkm

fiuktjrgttgfl.

]dj `ikjy fgk bj spjkt ck piogr-

czcka wgys. Qdjk Bcoo Fukkcka-

dg` wgs rukkcka eir tdj

Ljktufly Vuprj`j Fiurt ck 2885,

ikj ippiscka fg`pgcak gm

c`pocjm tdgt dj wgs rjspikscboj

eir ojttcka scx rgpcsts iut ikpgrioj. Ct sgcm> Ikj dgm bjjk ik

pgrioj eir ikoy 72 diurs wdjk dj

rgpjm g 7=-yjgr-iom gkm `gmj djr

`itdjr wgtfd.

]dcs stiry wgs vjry `csojgmcka.

Fukkckadg`, tdjk g oiwjr-fiurt

numaj, mcm ruoj ti fdgkaj tdj sjk-

tjkfjs ie sjvjrgo rgpcsts eri` ocej

wctdiut pgrioj ti ocej wctd tdj

pisscbcocty ie pgrioj, but tdjsj

`jk goo stgyjm ck ngco. Gkm tdjrgpj rjejrrjm ti ck tdj gm

iffurrjm 28 yjgrs jgrocjr, bjeirj

Fukkckadg` wgs jvjk g numaj.

Vuj Bjoo Fibb rj`j`bjrs spjgl-

cka ti g rjpirtjr tdj mgy getjr

sdj wik tdj jojftcik eir fdcje

nustcfj ie tdj Gogbg`g Vuprj`j

Fiurt ck 2885.Fdcje Nustcfj Fibb

jxpjftjm ti bj gsljm diw ct ejot

ti bj tdj ecrst wi`gk ck tdgt nib.

Ckstjgm, tdj rjpirtjr gsljm>Diwmijs ct ejjo ti bj tdj vcftir ie tdj

sjfikm `ist jxpjkscvj numcfcgo

rgfj ck Z.V. dcstiry9 Diw wcoo

yiu fikvckfj tdj pjipoj ie

Gogbg`g tdgt tdj fg`pgcak fik-

trcbutciks yiu siuadt wcoo kit

c`pgft diw yiu ruoj9 Diw fgk

wj fikvckfj pjipoj tdjcr fiurts

grj kit eir sgoj9

C c`gackj sdj gkswjrjm ufd oclj

Coockics Vuprj`j Fiurt NustcfjOoiym Lgr`jcjr mcm getjr dj wik

tdj `ist jxpjkscvj numcfcgo jojf-

tcik ck G`jrcfgk dcstiry ck 288=.

]dgt rgfj fist tdj fgkmcmgtjs $3.6

`coocik, g su` arjgtjr tdgk wdgt

wgs spjkt ck `irj tdgk dgoe ie tdj

Z.V. Vjkgtj rgfjs tdgt yjgr.

Lgr`jcjr sgcm ie tdj `ikjy>

]dgts ibsfjkj eir g numcfcgo rgfj.

Qdgt mijs ct agck pjipoj9 Diw

fgk gkyikj dgvj egctd ck tdj

systj`9

Aiim qujstciks. Qdjk si `ufd

`ikjy aijs ckti ckeoujkfcka tdj

iutfi`j ie g numcfcgo jojftcik, ct cs

dgrm ti dgvj egctd tdgt wj grj

sjojftcka numajs wdi grj egcr gkm

c`pgrtcgo.Ce C fiuom mi ikj tdcka tisiovj tdcs priboj`, ct wiuom bj

ti fikvckfj tdj stgtjs tdgt sjojft

numajs tdriuad pgrtcsgk jojftciks-

tdgt cs, wdjk g Mj`ifrgt gkm

Rjpubocfgk ruk gagckst ikj

gkitdjr-ti swctfd ti `jrct sjojftcik

ckstjgm.Zkmjr tdcs pogk, furrjktoy

usjm ck stgtjs sufd gs Fioirgmi

gkm Kjbrgslg, gk ckmjpjkmjkt

fi``csscik ie lkiwojmajgboj fctc-

zjks rjfi``jkms fgkmcmgtjs ti

tdj aivjrkir, wdi gppickts ikj

ie tdj` gs numaj. Getjr sjvjrgo

yjgrs ik tdj bjkfd, tdj numajs

kg`j cs sub`cttjm ti tdj jojf-

tirgtj, wdi vitj ik wdjtdjr dj

sdiuom ljjp dcs pisctcik. ]dcs

`jtdim mjfrjgsjs tdj c`pirtgkfj

ie `ikjy gkm pioctcfs ck tdj

prifjss wdcoj stcoo gooiwcka vitjr

ckput ik rjtgckcka jgfd numaj.

C bjocjvj tdj oika-tjr` sioutcik ti

tdj pioctcfczgtcik ie tdj numcfcgryprifjss cs jmufgtcik. Fdcomrjk,

vitjrs, piocfy`gljrs gkm ogwyjrs

goo sdiuom bj ckeir`jm gbiut tdj

c`pirtgkfj ie g egcr, c`pgrtcgo

numcfcgry. Numajs sdiuom wrctj

tdjcr ipckciks ck pogck Jkaocsd si

tdgt tdj pubocf fgk ukmjrstgkm

wdgt tdj ogw cs.

Siu gosi sdiuom jmufgtj yiursjoe,

gk jspjfcgooy c`pirtgkt tgsl ce

yiu ocvj ck ikj ie tdj 63 stgtjstdgt dioms jojftciks eir numajs.

]glj tdjsj stjps>

Ecrst, ojgrk gbiut tdj fgkmc-

mgtjs. ]dgt yiu garjj wctd g

pjrsiks piocfy pisctciks cs crrjo-

jvgkt ti wdjtdjr dj ir sdj

wiuom `glj g aiim numaj.Jvgo-

ugtj tdj` bgsjm ik tdjcr

72 www.BjgsojyGoojk.fi`

8/9/2019 The Jere Beasley Report, Mar. 2008

13/48

gbcocty ti bj egcr, c`pgrtcgo gkm

fi`pjtjkt. Oiil eir ukbcgsjm

siurfjs-`gky stgtjs ieejr vitjr

aucmjs gkm pjreir`gkfj jvgou-

gtciks.

Vjfikm, bj suspcfcius ce g fgk-

mcmgtj `gljs g pri`csj gbiut

diw dj ir sdj wiuom ruoj ck g

pgrtcfuogr fgsj. Jvjry fgsj csmceejrjkt gkm sdiuom bj numajm

gffirmcka ti diw tdj ogw

gppocjs ti tdgt sctugtcik. Ce g

numaj mjfcmjs g fgsj bgsjm ik g

fg`pgcak pri`csj, dj ir sdj

dgs kit updjom tdj pojmaj ti bj

egcr gkm c`pgrtcgo.

]dcrm, vitj. Numcfcgo jojftciks

tjkm ti agrkjr octtoj gttjktcik.

]dcs cs ckfrjgsckaoy priboj`gtcf,

bjfgusj cktjrjst ariups ietjkfgk bj tdj `gck siurfj ie ckeir-

`gtcik.]dj ikoy wgy ti fiuk-

tjrgft tdcs cs ti rjsjgrfd tdj

fgkmcmgtjs, lkiw wdjrj yiur

ckeir`gtcik cs fi`cka eri`

gkm vitj.

C` wirlcka wctd Ajirajtiwk

Zkcvjrscty gkm Grczikg Vtgtj Zkc-

vjrscty ik twi priarg`s ik tdcs

subnjft. Ikj cs fgoojm Iur Fiurts

gkm wcoo bj gk ikockj fcvcfs jxpj-rcjkfj eir fdcomrjk.]djyoo bj gboj

ti stjp ckti g numajs sdijs si tdjy

fgk bjttjr ukmjrstgkm wdgt dj ir

sdj mijs. ]dj itdjr priarg`, tdj

Vgkmrg Mgy IFikkir Xrinjft ik

tdj Vtgtj ie tdj Numcfcgry, wcoo

frjgtj g mcgoiauj bjtwjjk jxpjrts

gkm ogw prgftctcikjrs ik tdj

fiurt systj` gkm rjpirt ik tdj

bjst wgys ti sgejaugrm cts rioj.

C dipj C fgk `glj g ogstcka fik-trcbutcik ti pritjftcka iur fiurts.

Qj `ust prjsjrvj iur systj` ie

aivjrk`jkt, g systj` eir wdcfd C

dgvj tdj ut`ist rjspjft gs C

rjeojft bgfl ik `y Vuprj`j Fiurt

fgrjjr.

Nustcfj Vgkmrg Mgy IFikkjr

Xgrgmj @gagzckj

Ejbrugry 2=, 2884

U.

]DJ KG]CIKGO

VFJKJ

OIFG]CKA]DJ]RZ]DCK]DJBZVDQDC]JDIZVJCVUJRSMCEECFZO]

Ce yiu wgkt ti dcmj tdj trutd eri`

tdj G`jrcfgk pjipoj, si`j sgy tdj

bjst pogfj ti put ct cs ck tdj Busd

Qdctj Diusj. Ct dgs bjjk wcmjoy

rjpirtjm tdgt Xrjscmjkt Busd gkm dcs

tip gcmjs pubocfoy `gmj 36: egosj

stgtj`jkts gbiut tdj sjfurcty rcsl

pisjm by Crgq ck tdj twi yjgrs eiooiw-

cka tdj trgacf jvjkts ie Vjptj`bjr 77,

2887. G stumy rjojgsjm by twi kik-

priect niurkgocs` ariups ckmcfgtjs tdgt

tdj Busd Gm`ckcstrgtcik ojm tdj

kgtcik ti wgr ik tdj bgscs ie jrri-kjius ckeir`gtcik tdgt ct `jtdimc-

fgooy pripgagtjm gkm tdgt fuo`ckgtjm

ck `coctgry gftcik gagckst Crgq ik

@grfd 73, 2886.]dj stumy wgs fik-

muftjm by tdj Fjktjr eir Xubocf

Cktjarcty gkm cts geecocgtjm ariup, tdj

Eukm eir Ckmjpjkmjkfj ck Niurkgocs`.

Qdcoj g rjpirt ie tdcs sirt wiuom,

ukmjr kir`go fcrfu`stgkfjs, bj bca

kjws, cts nust gkitdjr mgy gt tdj ieecfj

wctd tdj Busd Gm`ckcstrgtcik.

Gffirmcka ti tdj stumy, XrjscmjktBusd gkm sjvjk tip ieecfcgosckfoum-

cka g`ika itdjrs,Ucfj-Xrjscmjkt Mcfl

Fdjkjy`gmj 36: egosj stgtj`jkts

gbiut Crgq murcka tdisj twi yjgrs.

]dj stumy wgs bgsjm ik g sjgrfdgboj

mgtgbgsj fi`pcojm ie prc`gry

siurfjs, sufd gs ieecfcgo aivjrk`jkt

trgksfrcpts gkm spjjfdjs, gkm sjfikm-

gry siurfjs`gckoy quitjs eri`

`gnir `jmcg iragkczgtciks.]dj stumy

sgys tdj Xrjscmjkt `gmj 262 egosj

stgtj`jkts gbiut Crgq gkm eir`jr

ojgmjr Vgmmg` Dussjcks pissjsscka

wjgpiks ie `gss mjstruftcik, gkm 24

egosj stgtj`jkts gbiut Crgqs ockls ti

go Wgjmg. ]dj quitjs ck tdj stumy

ckfoumj gk Guaust 25, 2882, stgtj`jkt

by Ucfj-Xrjscmjkt Fdjkjy ti tdj

kgtcikgo fikvjktcik ie tdj Ujtjrgks ie

Eirjcak Qgrs.]ypcfgooy, tdj Ucfj-Xrjsc-

mjkt fogc`jm>

Vc`poy stgtjm, tdjrj cs ki miubt

tdgt Vgmmg` Dussjck kiw dgs

wjgpiks ie `gss mjstruftcik.

]djrj cs ki miubt dj cs g`gsscka

tdj` ti usj gagckst iur ercjkms,

gagckst iur goocjs, gkm gagckst us.

]dj G`jrcfgk pjipoj grj oiilcka

eirwgrm ti g tc`j wdjk tdj Xrjscmjkt

ie iur fiuktry gkm dcs tjg` ie gmvcsirswcoo sc`poy tjoo tdj` tdj trutd.Qj dgvj

dgm sjvjk yjgrs ie tdj Busd Gm`ckcstrg-

tciks mjfjptcik gkm cts fojgroy tc`j eir

fdgkaj. C bjocjvj tdj furrjkt pioctcfgo

foc`gtj cs tdj mcrjft rjsuot ie eiols

oiscka fikecmjkfj ck gk Gm`ckcstrgtcik

tdgt dgs pogyjm egst gkm oiisj wctd tdj

trutd gkm dgs egvirjm tdj rcfd gkm piw-

jreuo wdcoj titgooy cakircka tdj wgkts

gkm kjjms ie rjauogr eiols.

Viurfj> FKK

JTTIK@IBCOGKKIZKFJVRJFIRMXRIEC]V

Jxxik@ibco Firp. sjt gkitdjr rjfirm

wdjk ct pistjm tdj ograjst gkkugo priect

by g Z.V. fi`pgky$=8.5 bcoocikgkm

tdgts bgm kjws eir eiols ck tdcs

fiuktry. Ct `jgks tdgt rjauogr eiols gkm

busckjss iwkjrs dgvj `gmj tdcs pissc-

boj.]dj wiroms ograjst pubocfoy trgmjm

ico fi`pgky cs priectcka wdcoj pjipoj

wdi grj buycka tdjcr agsiockj gt tdjpu`p grj durtcka.Jxxik gosi sjt g Z.V.

rjfirm eir tdj bcaajst qugrtjroy priect,

pistcka kjt ckfi`j ie $77.1 bcoocik eir

tdj eckgo tdrjj `iktds ie 2881,bjstcka

cts iwk `grl ie $78.17 bcoocik ck tdj

eiurtd qugrtjr ie 288:. ]dj prjvcius

rjfirm eir gkkugo priect wgs $63.:

bcoocik, wdcfd Jxxik@ibco rjpirtjm eir

2885.]dcs pioctcfgooy piwjreuo firpirg-

tcik usjs cts pioctcfgo `usfojs gkm ckeou-

jkfj ti prjtty `ufd ajt cts wgy. Dgvcka

Mcfl Fdjkjy ck g pisctcik ie piwjr

fjrtgckoy dgskt durt tdj ico fi`pg-

kcjsckfoumcka Jxxik@ibcogkm tdgt

cs g ariss ukmjrstgtj`jkt.

Viurfj> Gssifcgtjm Xrjss

www.BjgsojyGoojk.fi` 76

8/9/2019 The Jere Beasley Report, Mar. 2008

14/48

BZVDVERGZMFRGFLMIQKIKERGZMFI@JVQC]DG OIIXDIOJ

Cts rjgooy dgrm ti vcsugoczj tdj Busd

Gm`ckcstrgtcik jvjr rjgooy frgflcka

miwk dgrm ik firpirgtj ergum. Qdgt

wgs bjcka tiutjm gs g `gnir jeeirt, gk

Gm`ckcstrgtcik pripisgo ti eirfj fi`-

pgkcjs ti rjpirt gbusj ie tgxpgyjr

`ikjy gftugooy dgs g `uotcbcoocik-mioogroiipdioj. Cktjrjstckaoy, tdj pogk wikt

gppoy ti wirl mikj ivjrsjgs,ckfoumcka

prinjfts ti sjfurj gkm rjbucom Crgq gkm

Geadgkcstgk. C suspjft tdgt oiipdioj

`gljs bissjs gt fi`pgkcjs oclj Dgo-

ocburtik rjst g wdioj oit jgscjr. Eir

mjfgmjs, fiktrgftirs dgvj bjjk gsljm

ti rjpirt cktjrkgo ergum ir ivjrpgy-

`jkt ik aivjrk`jkt-eukmjm prinjfts.

Fi`pocgkfj dgs bjjk viouktgry, gkm

ivjr tdj pgst 7: yjgrs tdj ku`bjr ie

fi`pgky-rjpirtjm ergum fgsjs dgs

mjfockjm stjgmcoy.

Kiw, tdj Nustcfj Mjpgrt`jkt wgkts

ti eirfj fi`pgkcjs ti kitcey tdj aiv-

jrk`jkt ce tdjy eckm jvcmjkfj ie fik-

trgft gbusj ie `irj tdgk $: `coocik.

Egcourj ti fi`poy fiuom `glj g

fi`pgky ckjocacboj eir euturj aivjrk-

`jkt wirl.]dj pripisjm ruojs,wdcfd

grj ck tdj eckgo gpprivgo stgajs, spjfcec-

fgooy jxj`pt fiktrgfts ti bj pjr-

eir`jm iutscmj tdj Zkctjm Vtgtjs,gffirmcka ti g kitcfj pubocsdjm ck

Ngkugry ck tdj Ejmjrgo Rjacstjr.Frctcfs

ckfoumcka tdj wgtfdmia ariup ]gxpgy-

jrs Gagckst Ergum sgcm tdj ivjrsjgs

jxj`ptcik rgcsjs suspcfciks.

]dj Zkctjm Vtgtjs piurjm bcoociks ie

mioogrs ckti prinjfts ck Crgq gkm

Geadgkcstgk ti sjfurj gkm rjbucom tdj

twi kgtciks.Qctd tdj `ikjy fg`j tdj

ergum.Gt ojgst $7= `coocik dgs bjjk oist

ck brcbjs goikj ivjr tdj ogst ecvj yjgrs

ck Crgq gkm Geadgkcstgk, gkm C bjocjvjtdgt cs nust tdj tcp ie tdj cfjbjra.]dj

Nustcfj Mjpgrt`jkt si egr dgs fdgrajm

== pjipoj wctd brcbjry, fikspcrgfy,

`ikjy ogukmjrcka,gkm itdjr fiktrgft

ergum frc`js rjogtjm ti tdj aivjrk-

`jkts wgrtc`j spjkmcka. Vi`j ie

tdisj fgsjs fg`j eri` tdj Ieecfj ie

tdj Vpjfcgo Ckspjftir Ajkjrgo eir Crgq

Rjfikstruftcik,wdcfd dgs :2 ckvjstcag-

tciks ikaicka ckti brcbjs, egosj bcoocka,

fiktrgft ergum,lcflbgfls,gkm tdjet.]dj

Gr`y Frc`ckgo Ckvjstcagtcik Fi``gkm

dgs 38 frc`ckgo ckvjstcagtciks ukmjr

wgy ckti goojajm fiktrgft ergum ck Crgq,

Luwgct,gkm Geadgkcstgk.

]dj Gssifcgtjm Xrjss rjpirtjm tdgt

gk jstc`gtjm $6:8 bcoocik cs spjkt ik

aivjrk`jkt fiktrgfts gkkugooy. ]dcs

fi`js eri` tdj Qdctj Diusj Ieecfj ie

Ejmjrgo Xrifurj`jkt Xiocfy. Qctd

`ikjy aicka ti fiktrgftirs gkm sub-

fiktrgftirs, bitd eirjcak gkm bgsjm ck

tdj Zkctjm Vtgtjs, jxpjrts sgy cts kjgroy

c`pisscboj ti pckpickt diw `ufd ie ct

cs spjkt ivjrsjgs.Vtumcjs by tdj Fjktjr

eir Xubocf Cktjarcty jstc`gtj tdgt gt

ojgst $782 bcoocik dgs bjjk spjkt sckfj

2886 ik pistwgr fiktrgfts ck Crgq gkm

Geadgkcstgk.]dj stumy sgys spjkmcka ti

sjfurj gkm rjbucom tdj twi kgtciks dgsariwk by `irj tdgk :8% jgfd yjgr.

@jgkwdcoj, tdj ku`bjr ie fi`pgkcjs

rjpirtcka cktjrkgo ergum ck tdjcr dgk-

mocka ie aivjrk`jkt fiktrgfts dgs

mjfockjm sdgrpoy. Ck 7341, fiktrgftirs

viouktgrcoy rjpirtjm == ckstgkfjs ie

ergum ir gbusj ti tdj Nustcfj Mjpgrt-

`jkt. By 2882, tdj ku`bjr dgm

mrippjm ti jcadt.Ogst yjgr, fiktrgftirs

rjpirtjm tdrjj ckstgkfjs ie ergum. Ce

gkybimy bjocjvjs viouktgry fi`pocgkfj

gkm sjoe-rjpirtcka wirls, tdjy dgvjktljpt up wctd tdj kjws ogtjoy.

Viurfj> Gssifcgtjm Xrjss

MJXGR]@JK]IENZV]CFJDGVEGCOJM]IXRIMZFJKG]CIKGOMG]GBGVJ]IDJOXXRJUJK]GZ]IERGZM

@irj tdgk 7: yjgrs getjr Fikarjss

rjqucrjm tdj ejmjrgo aivjrk`jkt ti sjt

up g kgtcikgo mgtgbgsj ti gooiw fgr

buyjrs ti mjtjr`ckj wdjtdjr g vjdcfojdgs bjjk stiojk ir rjbucot getjr g

wrjfl, tdj systj` cs stcoo kit ck pogfj,

tdrjj fiksu`jrs ariups dgvj fi`-

pogckjm.Xubocf Fctczjk,Fiksu`jrs eir

Guti Rjocgbcocty gkm Vgejty (FGRV), gkm

Fiksu`jr Gftcik dgvj ecojm g ogwsuct

gagckst tdj Mjpgrt`jkt ie Nustcfj

(MIN) ck tdj Z.V. Mcstrcft Fiurt eir tdj

Kirtdjrk Mcstrcft ie Fgoceirkcg. ]dj

ariups wgkt tdj fiurt ti irmjr tdj

MIN ti `ivj eirwgrm wctd frjgtcik ie

tdj Kgtcikgo @itir Ujdcfoj ]ctoj Ckeir-

`gtcik Vystj`. ]dj mgtgbgsj wiuom

djop fiksu`jrs gvicm purfdgscka g

pitjktcgooy mgkajrius usjm fgr by

gooiwcka tdj` ti ckstgktoy fdjfl tdj

vgocmcty ie g fgrs tctoj gkm `cojgaj gkm

ojgrk wdjtdjr ct dgm bjjk stiojk ir

wgs g nukl ir sgovgaj vjdcfoj.

G sgovgaj vjdcfoj cs ikj tdgt wgs

titgojm ck fioocscik, ecrj, eoiim, ir itdjr

jvjkt ti tdj jxtjkt tdgt cts vgouj, pous

tdj fist ie rjpgcrcka ct eir ojago ipjrg-

tcik, cs `irj tdgk cts egcr grljt vgouj

c``jmcgtjoy bjeirj tdj jvjkt tdgt

fgusjm tdj mg`gaj.Xjipojs ocvjs grj gt

rcsl bjfgusj tdjy grj buycka usjm fgrs

tdgt grj `csscka gcr bgas ir dgvj itdjr

frctcfgo sgejty mjejfts bjfgusj ie tdjcr

dcmmjk dcstircjs gs nukljm ir sgovgajmvjdcfojs, gffirmcka ti Xubocf Fctczjk

Xrjscmjkt Nigk Fogybriil.]dj ejmjrgo

aivjrk`jkt sdiuom mjocvjr ik wdgt

Fikarjss mcrjftjm ck 7332.

Fikarjss pgssjm tdj ogw tdgt fgoojm

eir tdj kgtcikgo mgtgbgsj ck 7332 but

sdcetjm rjspikscbcocty ie jstgbocsdcka ct

ti tdj MIN ck 7335 bjfgusj tdj

Mjpgrt`jkt ie ]rgkspirtgtcik dgm

egcojm ti `glj gky djgmwgy.]dj `ivj

mcmkt `glj g mceejrjkfj< tdj MIN dgs

kiw mjogyjm `irj tdgk 78 yjgrswctdiut `glcka priarjss ik tdcs frctc-

fgo siurfj ie ckeir`gtcik eir fik-

su`jrs. Jvjry yjgr, pjipoj goo gfriss

tdj fiuktry egoo vcftc` ti guti ergum

wdjk tdjy buy usjm fgrs tdgt wjrj

rjbucot getjr g wrjfl.

Zkmjr tdj 7332 ogw, nukl gkm sgovgaj

ygrm ipjrgtirs grj rjqucrjm ti ecoj

`iktdoy rjpirts ti tdj mgtgbgsj ipjrg-

tir. Jgfd rjpirt cs suppisjm ti fiktgck

g ocst ie tdj vjdcfoj cmjktcecfgtcik

ku`bjrs ie goo nukl gkm sgovgaj vjdc-

fojs ibtgckjm murcka tdj prjvcius

`iktd.]dj ogw gosi rjqucrjs cksurgkfj

fi`pgkcjs ti ecoj sc`cogr rjpirts. But

tdj MIN dgs yjt ti jstgbocsd rjauogtciks

tdgt wiuom tjoo cksurgkfj fi`pgkcjs

gkm nukl gkm sgovgaj ygrms diw ti

rjpirt tdjcr ckeir`gtcik.

]dj suct ecojm by tdj fiksu`jr

ariups gsls tdj fiurt ti eckm tdj

7= www.BjgsojyGoojk.fi`

8/9/2019 The Jere Beasley Report, Mar. 2008

15/48

Mjpgrt`jkt ie Nustcfj ck vciogtcik ie

tdj 7332 ogw eir kit dgvcka jstgbocsdjm

tdj mgtgbgsj ir jvjk tdj rjauogtciks

sjttcka ct up.]dj fiurt cs bjcka gsljm

ti irmjr tdj MIN ti cssuj tdj rjauog-

tciks wctdck 68 mgys ie eckmcka tdj

gajkfy ck vciogtcik.

Viurfj>Xubocf Fctczjk

UC.

]DJ FIRXIRG]J

QIROM

BCAXDGR@GCVOC]JRGOOSRGXCKA]DJG@JRCFGKXJIXOJ

Jvjk tdiuad tdj pdgr`gfjutcfgo

ckmustry dgs bjjk g tgrajt ck tdj prjsc-

mjktcgo fg`pgcak, tdgt dgskt stippjmtdj ckmustry eri` fiktckucka ti gaarjs-

scvjoy rgcsj tdj prcfjs ie prjsfrcptcik

mruas. Xdgr`gfjutcfgo fi`pgkcjs

ckfrjgsjm wdiojsgoj prcfjs eir tdj :8

tip-sjoocka brgkmjm mruas by gk gvjrgaj

ie 1.42% ck 2881, getjr ckfrjgsjs ie

5.16% gkm 5.22% ck tdj prjvcius twi

yjgrs, gffirmcka ti Mjotg @grljtcka

Mykg`cfs Ckf.,g djgotd-fgrj `grljtcka

rjsjgrfd fi`pgky. ]dj `ist rjfjkt

ckfrjgsj cs go`ist miuboj tdj ivjrgoo

Z.V. jfiki`ys =.7% gkkugo ckeogtcikrgtj ogst yjgr. C g` gergcm tdgt wj grj

sjjcka nust tdj bjackkcka ie mrua prcfj

ckfrjgsjs tdgt wcoo fiktckuj gt rjfirm

pgfjs.

Vi`j ckmcvcmugo mruas dgm miuboj-

mcact prcfj ckfrjgsjs ivjr tdrjj yjgrs.

Eir jxg`poj,AogxiV`ctdLockj XOF

rgcsjm tdj prcfj ie gktcmjprjssgkt Qjoo-

butrck TO by ==.:% eri` 288: ti 2881.

Vgkiec-Gvjktcs VG rgcsjm tdj prcfj ie

sojjp mrua G`bcjk 18.7%.Vdcrj XOF

ckfrjgsjm tdj prcfj ie cts gttjktcik-

mjecfct mcsirmjr `jmcfgtcik, Gmmjrgoo

TR,by 66.:%,wdcoj tdj prcfj ie fdiojs-

tjrio-ecadtcka Ocpctirtdj wiroms tip-

sjoocka mrua, wdcfd briuadt ck riuadoy

$76 bcoocik ogst yjgr eir Xeczjr Ckf.

risj 75%.

]dj pdgr`gfjutcfgo ckmustry cs pioctc-

fgooy piwjreuo gkm dgs prjtty `ufd

dgm cts wgy ck iur kgtciks fgpctio.]dj

G`jrcfgk pjipoj dgvj bjjk vcftc`s ie

gk ckmustry tdgt dgs ojt `grljtcka

eirfjs ck tdj fi`pgkcjs pusd `jmcfgo

miftirs iut ie fiktrio pisctciks ck tdj

firpirgtj strufturj. Arjjm dgs prjtty

wjoo tgljk ivjr ck tdj firpirgtj bigrm-

rii`s ie tdj mrua fi`pgkcjs gkm tdgt

dgs rjsuotjm ck tdj G`jrcfgk pjipoj

subscmczcka tdj rjst ie tdj wirom ik tdj

prcfjs ie prjsfrcptcik mruas.

]dj pdgr`gfjutcfgo ckmustry dgs

bjjk g tgrajt ie frctcfcs` ck tdj prjsc-

mjktcgo fg`pgcak by Vjkgtir Bgrgfl

Ibg`g, wdi wcoo bj tdj Mj`ifrgtcf

ki`ckjj.Dj wcoo bj g strika pritjftir

ie fiksu`jrs ikfj dj cs jojftjm.]dj

egft tdgt G`jrcfgks pgy `irj eir ckmc-

vcmugo mruas tdgk gky itdjr fiuktrys

fctczjks fgkt bj nustcecjm. Ik dcs Qjb

sctj, Vjkgtir Ibg`g sgys dj wcoo

prjvjkt \mruaP fi`pgkcjs eri`gbuscka tdjcr `ikipioy piwjr

tdriuad uknustcecjm prcfj ckfrjgsjs.

]dj Vjkgtir dgs jkmirsjm acvcka tdj

ejmjrgo aivjrk`jkt,wdcfd furrjktoy cs

jxfoumjm by ogw eri` mcrjftoy kjaitcgt-

cka wctd mrua `gljrs, tdj piwjr ti

kjaitcgtj prcfjs eir tdj @jmcfgrj Xgrt

M mrua bjkject.]dj rcadt ie tdj ejmjrgo

aivjrk`jkt ti kjaitcgtj prcfjs wctd

tdj piwjreuo mrua fi`pgkcjs wgs

tgljk iut ie tdj Xrjsfrcptcik Mrua Gft

pgssjm ck 2885 by tdj Busd Gm`ckcstrg-tcik gkm tdj mrua ckmustry oibbycsts.

@ist eiols grj sdifljm wdjk tdjy eckm

iut wdgt dgs dgppjkjm ik tdgt erikt.

Viurfj> Qgoo Vtrjjt Niurkgo

ECUJEIR@JRCKVZRGKFJJTJFZ]CUJVEIZKMAZCO]S

Ecvj eir`jr cksurgkfj fi`pgky

jxjfutcvjs wjrj eiukm aucoty ogtj ogst

`iktd ie g sfdj`j ti `gkcpuogtj tdjeckgkfcgo stgtj`jkts ie tdj wiroms

ograjst cksurgkfj fi`pgky.]dj vjrmcft

fg`j eiooiwcka g `iktd-oika ejmjrgo

fiurt trcgo. ]dj mjejkmgkts wjrj eiur

eir`jr jxjfutcvjs ie Ajkjrgo Rj Firp.

gkm g eir`jr jxjfutcvj ie cksurgkfj

ckmustry ojgmjr G`jrcfgk Cktjrkgtcikgo

Ariup Ckf.,wdi wjrj gffusjm ie ckeogt-

cka GCAs rjsjrvjs tdriuad rjcksurgkfj

mjgos by $:88 `coocik ck 2888 gkm 2887

ti grtcecfcgooy biist cts stifl prcfj.]dj

mjejkmgkts wjrj eir`jr Ajkjrgo Rj

FJI Rikgom Ejrausik< eir`jr Ajkjrgo

Rj Vjkcir Ucfj Xrjscmjkt Fdrcstipdjr X.

Agrgkm Gssifcgtjm Xrjss

GCA VJ]]OJVQC]DV]G]JVIUJRBCM-RCAACKAGOOJAG]CIKV

G`jrcfgk Cktjrkgtcikgo Ariup, Ckf.

(GCA) dgs rjgfdjm sjttoj`jkts wctdkckj stgtjs gkm tdj Mcstrcft ie Fiou`bcg

rjogtcka ti tdjcr ckvjstcagtciks ckti

goojajm bcm-rcaacka gkm prcfj-ecxcka gkm

qujstciks gbiut ukmcsfoisjm fiktck-

ajkt fi``cssciks pgcm ti briljrs.]dj

stgtjs fiktjkmjm tdgt si`j ie GCAs

subscmcgrcjs wjrj ckviovjm ck g pgy-ti-

pogytgftcf usjm by @grsd & @fOjkkgk

gkm itdjr cksurgkfj briljrs tdgt pur-

pirtjmoy fgusjm busckjssjs ti pgy

dcadjr cksurgkfj prj`cu`s.]dj sjttoj-

`jkts, wdcfd grj subnjft ti fiurt

gpprivgos, wjrj rjgfdjm wctd tdj Gttir-

kjys Ajkjrgo ie Eoircmg, Dgwgcc, @gry-

ogkm, @cfdcagk,Irjaik,]jxgs, gkm Qjst

Ucrackcg< tdj Fi``ikwjgotds ie @gssg-

fdusjtts gkm Xjkksyovgkcg< tdj Mcstrcft

ie Fiou`bcg

8/9/2019 The Jere Beasley Report, Mar. 2008

16/48

rjogtcka ti GCAs rjogtciksdcp wctd

Goocjm Qirom Gssurgkfj Fi., gkm

ckfoumjs gk gmmctcikgo sjttoj`jkt

pgy`jkt ie $:88,888 rjogtjm ti tdgt

cssuj.

Gffirmcka ti tdj fi`pogckt,GCA gkm

sjvjrgo ie cts cksurgkfj subscmcgrcjs

goojajmoy fikspcrjm wctd @grsd gkm

itdjr briljrs by sub`cttcka eglj bcms

ti frjgtj tdj coouscik ie g fi`pjtctcvj

bcmmcka prifjss ck tdj jxfjss fgsugoty

fi``jrfcgo cksurgkfj grljt. Ckvjstc-

agtirs sgcm tdjy mjtjr`ckjm tdgt

mjspctj tdj gppjgrgkfj ie g egcr bcmmcka

prifjss, tdj briljr dgm gorjgmy

mjfcmjm wdcfd cksurjr wiuom rjfjcvj g

pgrtcfuogr piocfydiomjrs busckjss. Gs

pgrt ie tdj sfdj`j, GCA pgcm tdj

briljrs fiktckajkt fi``cssciks tdgt

wjrj kit mcsfoisjm ti piocfydiomjrs

gkm ck rjturk rjfjcvjm itdjr oufrgtcvjbusckjss, gffirmcka ti lkiwojmajgboj

siurfjs.

Viurfj> Cksurgkfj Niurkgo

$2= @COOCIKVJ]]OJ@JK]CKMIQNIKJV]RGMCKAFGVJ

]dj Vjfurctcjs gkm Jxfdgkaj Fi`-

`csscik dgs sjttojm cts fgsj wctd g

eir`jr mcrjftir ie Miw Nikjs gkm tdrjj

itdjrs. Mgvcm Oc, tdj eir`jr Miw Nikjs

bigrm `j`bjr, dgm bjjk gffusjm ie

pgsscka fikecmjktcgo ckeir`gtcik gbiut

Rupjrt @urmifds $: bcoocik ieejr eir

tdj fi`pgky ti g ercjkm, @cfdgjo

Ojuka.Oc, tdj fdgcr`gk gkm FJI ie tdj

Bgkl ie Jgst Gscg, wcoo pgy gk $4.7

`coocik fcvco pjkgoty ti rjsiovj tdj

`gttjr. Ojuka wcoo mcsairaj tdj $4.7

`coocik priect dj gmj iee tdj tcp,gkm

pgy g eurtdjr pjkgoty ie $4.7 `coocik.

]dcs brckas ti gk jkm ikj ie tdj bcaajst

ckscmj-trgmcka ckvjstcagtciks ie 2881.]dj titgo g`iukt ie tdj sjttoj`jkt cs

$2= `coocik.

Viurfj> ZVG ]imgy

DJGO]DFGRJECKGKFCKAFI@XGKSV]IOJ$7.3 BCOOCIKERI@CKUJV]IRV

Jxjfutcvjs ie Kgtcikgo Fjktury

Eckgkfcgo Jktjrprcsjs, g egcojm djgotd

fgrj eckgkfcka fi`pgky mjergumjm

ckvjstirs ie $7.3 bcoocik gkm tiil pgrt

ck g `gsscvj fivjr-up ti dcmj tdjcr

mjgockas. ]dcs cs ikj ie tdj ograjst

wdctj-fioogr frc`js sckfj Jkrik gkm

QiromFi`. ]dj aivjrk`jkt sgys

Kgtcikgo Fjktury jxjfutcvjs `csmc-

rjftjm pgy`jkts gkm tdjk `gmj up

ku`bjrs gkm oigmjm egosj mgtg ik ti

fi`putjr systj`s ti fivjr tdjcr trgfls,

wdcoj `ivcka `ikjy bjtwjjk sub-

scmcgrcjs ti `glj tdj` gppjgr djgotdy.

]dj fi`pgkys `csscik wgs ti djop

djgotd fgrj fi`pgkcjs pgy tdjcr bcoos

by ecoocka tdj agps bjtwjjk tdj tc`j

miftirs rjkmjrjm g sjrvcfj gkm tdj

tc`j tdjy wjrj pgcm.G trcgo ck ejmjrgo

trcgo ck Fiou`bus, Idci stgrtjm ogst

`iktd gkm cs jxpjftjm ti ogst eir

sjvjrgo wjjls. Kgtcikgo Fjktury wgs

pgycka si`j djgotd fgrj fi`pgkcjs`ikjy wjoo ck jxfjss ie wdgt tdjy

kjjmjm ti fivjr ipjrgtcka fists wdcoj

fikfjgocka jxtrg pgy`jkts eri`

Kgtcikgo Fjktury ckvjstirs.

Kgtcikgo Fjktury dgm bjjk tdj

kgtciks ograjst siurfj ie eckgkfcka ti

djgotd fgrj privcmjrs. Miftirs, dispc-

tgos gkm itdjr privcmjrs rjfjcvjm

`ikjy eri` tdj fi`pgky rgtdjr tdgk

wgctcka eir cksurgkfj pgy`jkts, usugooy

ajttcka 48 ir 38 fjkts ik tdj mioogr.

Kgtcikgo Fjktury wgs tdjk ti fioojftgkm ljjp tdj euoo g`iukt ie tdj pgy-

`jkts iwjm by cksurgkfj fi`pgkcjs.

Kgtcikgo Fjktury rgcsjm tdj `ikjy ti

eukm cts busckjss by sjoocka bikms ti

ckvjstirs, wdi rjfjcvjm cktjrjst pgy-

`jkts eiooiwjm by g ou`p-su`

pgy`jkt. ]dj aivjrk`jkt goojajs

Kgtcikgo Fjktury jxjfutcvjs riutckjoy

ivjrpgcm si`j djgotd fgrj privcmjrs,

`gky ie tdj` jktctcjs ck wdcfd tdj

jxjfutcvjs dgm g eckgkfcgo cktjrjst.

Kgtcikgo Fjktury tiom ckvjstirs ct wgs

`glcka tdj pripjr pgy`jkts, gffirm-

cka ti tdj aivjrk`jkt.]dj aivjrk`jkt

jxpjfts ti fgoo =: wctkjssjs murcka tdj

trcgo, wdcfd cs jxpjftjm ti ogst scx ti

jcadt wjjls.

Viurfj> Gssifcgtjm Xrjss

VJ]]OJ@JK]IKGCROCKJXRCFJECTCKA

Brctcsd Gcrwgys gkm Ucrack Gtogktcf

wcoo nicktoy pgy gbiut $286 `coocik ti

sjttoj g ogwsuct briuadt by pgssjkajrs

wdi sgcm tdj gcrockjs coojagooy ecxjm tdj

prcfj ie eujo surfdgrajs ik oika-dguo

trcps.]dj garjj`jkt sjttojs g twi-yjgr-

iom fgsj ck Zkctjm Vtgtjs Mcstrcft Fiurt

eir tdj Kirtdjrk Mcstrcft ie Fgoceirkcgfiktjkmcka tdgt fusti`jrs ivjrpgcm

eir eujo surfdgrajs, wdcfd wjrj jgkt

ti djop gcrockjs fipj wctd rcscka eujo

fists. Zkmjr tdj pgft,G`jrcfgk tcfljt

purfdgsjrs wcoo rjfjcvj $:3 `coocik gkm

Brctcsd purfdgsjrs wcoo ajt 16.:

`coocik ($7==.= `coocik) ck rjeukms,

gffirmcka ti ogwyjrs rjprjsjktcka tdj

pogcktcees. ]dj garjj`jkt, wdcfd stcoo

rjqucrjs fiurt gpprivgo, fivjrs jcadt

`coocik pgssjkajrs ck tdj Zkctjm Vtgtjs

gkm Brctgck wdi biuadt tcfljts eri`

jctdjr Brctcsd Gcrwgys ir Ucrack

bjtwjjk Guaust 77, 288=, gkm @grfd

26, 2885.]dj gcrockjs wcoo pgy ikj-tdcrm

ie tdj eujo surfdgraj tdj pgssjkajrs

pgcm eir jgfd tcfljt.

Ogst yjgr, Brctcsd Gcrwgys garjjm ti

pgy riuadoy $2=1 `coocik ck g sjttoj-

`jkt wctd Brctcsd gutdirctcjs eir mcs-

fusscka eujo surfdgrajs wctd Ucrack.]dj

ogtjst garjj`jkt rjsiovjs g fcvco ogwsuct

briuadt ck tdj Zkctjm Vtgtjs tdgt fik-tjkmjm tdgt pgssjkajrs wjrj ivjr-

fdgrajm ik tdj eujo surfdgrajs gkm

wjrj tiom tdgt tdj gmmjm ejjs wjrj kjf-

jssgry ti fivjr tdj rcscka fist ie eujo,

but ck rjgocty wjrj usjm ti ckfrjgsj tdj

gcrockjs priects. ]dj g`iukt ti bj

rjeukmjm ti pgssjkajrs wcoo bj up ti

78 ($73.5:) eir jgfd eocadt sja`jkt.

]dj Qgsdckatik ogw ecr`s ie Fidjk

@costjck Dgusejom & ]ioo gkm Fitfdjtt,

Xctrj & @fFgrtdy ck Burockcag`j, Fgoc-

eirkcg,rjprjsjktjm tdj pogcktcees.Viurfj> Rjutjrs

75 www.www.BjgsojyGoojk.fi`

8/9/2019 The Jere Beasley Report, Mar. 2008

17/48

UCC.

XRIMZF]

OCGBCOC]S ZXMG]J

RIIEV]RJKA]DRZOJMJOGSJMGAGCK

Vgejty rjauogtirs gt tdj Kgtcikgo

Dcadwgy ]rgeecf Vgejty Gm`ckcstrgtcik

(KD]VG) grj dgvcka g mceecfuot tc`j

upmgtcka tdj fiktrivjrscgo stgkmgrm eir

vjdcfoj riie strjkatd.]dj prjsjkt stgk-

mgrm dgs bjjk ik tdj biils sckfj 7317

gkm g pripisjm kjw stgkmgrm dgs bjjk

rjpjgtjmoy mjogyjm. Kiw, KD]VG dgs

gsljm eir gmmctcikgo ckeir`gtcik eri`

guti`gljrs, sgejty gmvifgtjs, gkm tdj

pubocf gbiut tdj pripisjm kjw stgk-

mgrms.]dj `ist rjfjkt vjrscik ie tdj

ruoj ukmjr fikscmjrgtcik gt KD]VG

wiuom rjqucrj bitd scmjs ie g vjdcfojriie ti suppirt gt ojgst twi gkm dgoe

tc`js tdj vjdcfojs wjcadt. But sgejty

gmvifgtjs grjkt buycka ct. Xubocf

Fctczjk Xrjscmjkt Nigk Fogybriil,wdi

djgmjm KD]VG eri` 7311 tdriuad

7347,ibsjrvjm>

]dj pripisgo cs stcoo g stgtcf tjst

ikj bgsjm ik `gtdj`gtcfgo fgo-

fuogtciks, rgtdjr tdgk g mykg`cf

pdyscfgo tjst gkm ct stcoo cs gt 2.:

tc`js tdj wjcadt ie tdj vjdcfoj.

]dj gajkfy dgs pogyjm ag`js wctd

tdj rjauogtcik sckfj tdj ecrst KD]VG

rjvcscik ie tdj riie strjkatd ruoj fg`j

gbiut. Jvjrybimy lkiws tdj furrjkt

ruoj cs vjry wjgl.]dj jxcstcka stgkmgrm

`gkmgtjs tdgt nust ikj scmj suppirt gt

ojgst ikj gkm dgoe ie tdj wjcadt ie g

vjdcfoj wjcadt. ]dj ckctcgo rjvcscik ie

tdj riie strjkatd ruoj eri` KD]VG

rjqucrjm suppirt ie twi gkm dgoe tc`js

vjdcfoj wjcadt but wiuom dgvj fiktck-ujm tjstcka ik ikj scmj ikoy. KD]VG

Gm`ckcstrgtir Kcfioj Kgsik kiw sgys

tdgt miuboj-scmjm tjstcka cs g vcgboj

gotjrkgtcvj gpprigfd.

Vgejty gftcvcsts dgvj mj`gkmjm g

mykg`cf riooivjr tjst, wdcfd wiuom

rjqucrj rioocka g `ivcka vjdcfoj ti

agtdjr mgtg.Guti`gljrs ckscst tdgt sufd

g tjst wcoo bj fistoy, gkm tdgt gffcmjkts

ckviovcka riooivjrs ckfoumj tii `gky

vgrcgbojs ti mjscak g rjocgboj tjst. Jgfd

yjgr, kjgroy 78,888 pjipoj mcj ck

riooivjr frgsdjs,but aivjrk`jkt mgtg

suaajst tdgt ikoy g s`goo pjrfjktgaj ie

vjdcfoj iffupgkts grj lcoojm by fioogps-

cka riies. Xubocf Fctczjk Xrjscmjkt Nigk

Fogybriil dgm tdcs ti sgy gbiut tdj

pripisjm ruoj>

]dj pripisgo gbsioutjoy cakirjs

jnjftcik gkm fiktgck`jkt ck tdj

vjdcfoj murcka riooivjrs, ck wdcfd

78,:88 pjipoj mcj jgfd yjgr gkm

gkitdjr 71,888 grj sjrciusoy

cknurjm. ]i nustcey g strika

riooivjr pritjftcik stgkmgrm, tdj

gajkfy sdiuom gmmrjss riie frusd,