the jere beasley report, may 2009

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  • 8/9/2019 The Jere Beasley Report, May 2009

    1/52

    Anstrniutda tf fvdr 14,333 suisbrnidrs dobg efltg

    www.IdosmdyOmmdl.bfe

    Eoy 933>

  • 8/9/2019 The Jere Beasley Report, May 2009

    2/529 www.IdosmdyOmmdl.bfe

    N.

    BOSNQFM

    FIRDYPOQNFLR

    YDBDLQOMOIOEOSFMMYDRTMQROYDEFRQNLQDYDRQNLJ

    Qgd Rtotd f` tgd Rtotd Rurvdy `fr

    Omoioeo bflaubtda iy tgd Bopntom

    Rurvdy Ydsdorbg Bdltdr wos bfepmdtda

    most efltg. Qgns stotdwnad survdy,

    wgnbg bfvdrda tgrdd eokfr tfpnbs, goa

    sfed rotgdr nltdrdstnlj `nlanljs. Qgd

    tfpnbs bfvdrda wdrd Srdsnadlt Fioeo

    ola tgd dbflfey8inljf joenlj mdjnsmo-

    tnfl8 ola tgd prfpfsda rdefvom f` tgd

    somds tox fl jrfbdrnds. Qgdsd ord tgd

    eokfr `nlanljs `rfe tgd survdy;

    70% wolt tgdnr mdjnsmotfrs tf vftd fr

    tgd inljf inmm ommfwnlj o vftd f` tgdpdfpmd, :9% stotd tgdy wnmm vftd tf

    opprfvd rdjumotnlj ola toxnlj

    joenlj, ola 04% stotd tgot tgdy wnmm

    id mdss mnhdmy tf vftd `fr tgd rddmdb-

    tnfl f` tgdnr mdjnsmotfrs, n` tgdy vftd

    ojonlst ommfwnlj o vftd fl tgd nssud.

    01% suppfrt rdefvnlj tgd somds tox

    fl jrfbdrnds wntg nlbfed bops.

    0:% idmndvd Srdsnadlt Fioeo ns prf-

    vnanlj strflj mdoadrsgnp ola afnlj

    tgd idst kfi pfssnimd.

    07% ord anssotns`nda wntg gfw tgnljs

    ord jfnlj lotnflommy ola oifut dvdlmy

    anvnada fl gfw tgnljs ord jfnlj nl

    tgd stotd.

    03% idmndvd Srdsnadlt Fioeo gos

    eoad o jffa `ontg d``frt tf wfrh

    wntg Ydpuimnbols wgnmd 22% idmndvd

    Ydpuimnbols govd eoad o jffa `ontg

    d``frt tf wfrh wntg tgd Srdsnadlt.

    Pftdrs ord gfpd`um oifut tgddbflfey, idmndvd tgd prfimdes wdrd

    nlgdrntda, ola wolt tf `fbus fl tgd

    dbflfey jdttnlj idttdr rotgdr tgol

    rdaubnlj tgd adit.

    Pftdrs fppfsd Jfvdrlfr Ynmdys

    rd`usom f` `dadrom rdbfvdry `ulas `fr

    uldepmfyedlt.

    Pftdrs fvdrwgdmenljmy suppfrt rdju-

    motnlj ola toxnlj inljf joenlj ola o

    bfepobt wntg tgd Nlanol joenlj

    fpdrotnfls.

    Qgd pfmm rdsumts nlanbotd irfoa

    suppfrt `fr tgd pfsntnfls stotda oifvd

    obrfss porty ola adefjropgnb mnlds. N

    govd `fula tgns pfmmnlj jrfup tf id vdry

    obburotd nl nts survdys.Nt wnmm id nltdrdst-nlj tf sdd gfw tgd dmdbtda f``nbnoms adom

    wntg tgd nssuds bfvdrda nl tgd survdy.

    Rfurbd;Bopntom Rurvdy Ydsdorbg Bdltdr

    EFYDEDANBONA@YOTABORDRRDQ@FYQYNOMNLOMOIOEO

    Kuajd Bgormds Srnbd gos sdt o lueidr

    f` tgd Omoioeo Edanbona `roua bosds `fr

    trnom omm tgd woy nltf 93?? ola tgots vdry

    jffa ldws fr Omoioeo bntnzdls.Qgd nrst

    tgrdd bfepolnds wnmm id bflsfmnaotda

    `fr trnom idjnllnlj fl Kuld 99la.

    S@N[DYRDQQMDROMMYD[TMNLBORDR

    Ydzumnl wos prdsbrnida tf opprfxn-

    eotdmy ?.> enmmnfl Oedrnbol anoidtnbs

    id`frd idnlj pummda `rfe tgd eorhdt nl

    9333 o`tdr tgd prdsbrnptnfl edanbnld

    wos mnlhda tf ot mdost 02 adotgs `rfe

    mnvdr `onmurd. Luedrfus mowsunts wdrd

    `nmda fl idgom` f` tgfsd wgf anda frsu``drda sdrnfus mnvdr prfimdes `rfe

    tohnlj tgns aruj.

    S`nzdr Nlb. gos lfw rdsfmvda omm iut

    tgrdd f` 24,333 bmones rdmotda tf

    Ydzumnl `fr o tftom f` oifut $:43

    enmmnfl. S`nzdr, wgnbg ns obqunrnlj rnvom

    Zydtg `fr omefst $01 inmmnfl, pona

    oifut $433 enmmnfl tf sdttmd Ydzumnl

    bosds bflsfmnaotda nl `dadrom bfurt nl

    Ldw frh. Qgd bfepoly omsf pona

    olftgdr $943 enmmnfl tf rdsfmvd sunts

    `nmda nl stotd bfurts.Nl 933?, o Qdxos kury fradrda S`nzdr

    tf poy $12 enmmnfl tf o 02-ydor-fma ano-

    idtnb wgf su``drda mnvdr aoeojd wgnmd

    tohnlj tgd aruj.Qgot bosd wos suisd-

    qudltmy sdttmda fr $23 enmmnfl.Nl 9339,

    ol Fhmogfeo kury fradrda tgd aruj

    eohdr tf poy $??.0 enmmnfl nl aoeojds

    tf tgd `oenmy f` o eol wgf anda o`tdr

    tohnlj Ydzumnl. Qgot owora motdr wos

    upgdma fl oppdom.

    Fur `nre rdprdsdltda fvdr 4,333

    Ydzumnl vnbtnes ola wd sdttmda omm f`

    fur bmndlts bmones nl dormy 9331. Zd

    ord pmdosda tf govd iddl oimd tf gdmp

    tgfsd bmndlts ola tgdnr `oenmnds rdobg o

    rdsfmutnfl f` tgdnr bmones.

    Rfurbd; Imffeidrj

    FYDJFLRTDRFSSDLGDNEDY@TLARFPDYBFMMDJDROPNLJRSMOLMFRRDR

    Frdjfl gos idbfed tgd `nrst stotd tf

    tohd mdjom obtnfl ojonlst Fppdlgdnedr-

    @ulas, Nlb. fvdr ol dstneotda $2:

    NL QGNR NRRTD

    N. Bopntfm Fisdrvotnfls . . . . . . . . . . . . 9

    NN. Ydbdlt @nmnljs ola Rdttmdedlts . . . . 2Iy tgd @nre

    NNN. Mdjnsmotnvd Goppdlnljs . . . . . . . . . . 0

    NP. Bfurt Zotbg . . . . . . . . . . . . . . . . . . 0

    P. Qgd Lotnflom Rbdld . . . . . . . . . . . . . 7

    PN. Qgd Bfrpfrotd Zfrma . . . . . . . . . . . >

    PNN. Bfljrdssnflom Tpaotd . . . . . . . . . . ?9

    PNNN. Srfaubt Mnoinmnty Tpaotd . . . . . . . . ?1

    NW. Eoss Qfrts Tpaotd. . . . . . . . . . . . . ?7

    W. Iusnldss Mntnjotnfl . . . . . . . . . . . . 9?

    WN. Nlsurolbd ola @nlolbd Tpaotd . . . 9?WNN. Rdburntnds Bosds . . . . . . . . . . . . . . 92

    WNNN. Depmfyedlt Mow. . . . . . . . . . . . . . 91

    WNP. Srdaotfry Mdlanlj. . . . . . . . . . . . . 90

    WP. Srdensds Mnoinmnty Tpaotd . . . . . . . 9:

    WPN. Zfrhpmobd Gozoras. . . . . . . . . . . . 9>

    WPNN. Qrolspfrtotnfl . . . . . . . . . . . . . . . 23

    WPNNN. Orintrotnfl Tpaotd . . . . . . . . . . . . 29

    WNW. Lursnlj Gfed Tpaotd. . . . . . . . . . 22

    WW. Gdomtgbord Nssuds . . . . . . . . . . . . . 21WWN. Dlvnrfledltom Bflbdrls. . . . . . . . 24

    WWNN. Qgd Bflsuedr Bfrldr. . . . . . . . . . 2:

    WWNNN. Ydbomms Tpaotd . . . . . . . . . . . . . . . 1?

    WWNP. @nre Obtnvntnds . . . . . . . . . . . . . . . . 10

    WWP. Rpdbnom Ydbfjlntnfls. . . . . . . . . . . 17

    WWPN. Rfed Bmfsnlj Fisdrvotnfls . . . . . . 1>

    WWPNN.Rfed Sortnlj Zfras . . . . . . . . . . . 4?

  • 8/9/2019 The Jere Beasley Report, May 2009

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    www.KdrdIdosmdyYdpfrt.bfe 2

    enmmnfl nl mfssds tf 03,333 Frdjfl `oe-

    nmnds wgf nlvdstda nl tgd Frdjfl

    Bfmmdjd Rovnljs Smol.Qgd sunt, `nmda fl

    Oprnm ?2tg nl ol Frdjfl stotd bfurt, bum-

    enlotds o tgrdd-efltg nlvdstnjotnfl f`

    bfepmonlts tgot Fppdlgdnedr oiol-

    aflda o bflsdrvotnvd ifla `ula nlvdst-

    nlj strotdjy nl 933: `fr o rnshndr

    pfrt`fmnf tgot nlbmuada brdant ad`oumt

    swops ola ftgdr gnjg-rnsh adrnvotnvds.Nts ommdjda nl tgd sunt tgot tgd pmol goa

    idbfed o gdajd-`ula mnhd nlvdstedlt

    `ula tgot tffh dxtrded rnshs nl o sdorbg

    `fr spdbumotnvd morjd jonls.Zgdl `nmnlj

    tgd sunt, Kfgl Hrfjdr,Frdjfls Ottfrldy

    Jdldrom,fisdrvda;

    N tgnlh tgdy wdrd gfpnlj tf jdt

    rnshy dqunty-mnhd rdturls nl o

    ifla `ula. N` tgdy subbddada, tgdy

    mffh mnhd supdrstors, iut ul`frtu-

    lotdmy tgd strotdjy ana lft wfrh.

    Qgd pmol wos eorhdtda tf pordlts

    sdlanlj bgnmardl tf Frdjfl bfmmdjds os

    ol umtro-bflsdrvotnvdbfmmdjd pfrt`fmnf

    tgot wfuma prftdbt prnlbnpom ola

    prfvnad nlbfed.Qgd pmol eoad rfutnld

    ifla `ula rdturls ultnm 9337,wgdl tgd

    Bfrd Ifla @ula mfst ldormy 20% f` nts

    vomud dvdl tgfujg tgd idlbgeorh

    nladx nt wos dxpdbtda tf usd `fr nlvdst-

    edlt adbnsnfls wos up iy 4%.Qgd `ula

    mfst ol oaantnflom ?3% nl tgd `nrstquortdr f` 933>, obbfranlj tf tgd Ottfr-

    ldy Jdldrom. Qgd pmol nlbmuada rnshy

    brdant ad`oumt swops ola ftgdr adrnvo-

    tnvds os port f` o mflj-tdre nlvdstedlt

    pmol.Qgd `ula wos oavdrtnsda os prd-

    sdrvnlj bopntom `fr tgfsd bmfsd tf

    sdlanlj bgnmardl tf bfmmdjd nl o sgfrt

    lueidr f` ydors ola nt wos lft

    nltdlada os o mflj-tdre strotdjy. Qgd

    Rtotd Qrdosurdr rdpmobda tgd Bfrd Ifla

    @ula eolojda iy Fppdlgdnedr wntg o

    an``drdlt `ula fl Eorbg 9:tg

    .Qgd suntommdjds ldjmnjdlbd ola irdobgds f` bfl-

    trobt ola `naubnory autnds.Os dxpdbtda,

    Fppdlgdnedr adlnds oly mnoinmnty nl

    tgns eottdr.

    Rfurbd; Mow.bfe

    NN.

    YDBDLQ @NMNLJR

    OLA

    RDQQMDEDLQR

    I^ QGD @NYE

    RDQQMDEDLQF@@FYADWSMFYDYOLA

    @NYDRQFLDQNYDBORD

    Os efst Oedrnbols hlfw, @fra ola

    @nrdstfld wdrd nlvfmvda nl tgd wfrmas

    morjdst tnrd rdbomm nl gnstfry o `dw ydors

    iobh. @nrdstfld prfaubda o spdbnom

    adsnjlda ?4-nlbg OQW tnrd nl ?>>3

    wgnbg wdrd nlstommda iy @fra fl

    Dxpmfrdrs os frnjnlom dqunpedlt.Qrojn-

    bommy, tgd @nrdstfld tnrds wdrd ad`dbtnvd

    ola tgd Dxpmfrdr wos prfld tf rfmmfvdr.

    Fivnfusmy, tgot wos o vdry ioa eorrnojd

    ola fld tgot rdsumtda nl ol ultfmalueidr f` botostrfpgnb nlkurnds ola

    adotgs. Tl`frtulotdmy, tgd @fra ola @nrd-

    stfld sojo bfltnluds.

    Zd govd golamda o lueidr f` bosds

    fvdr tgd post sdvdrom ydors ornsnlj fut

    f` @nrdstfld tnrd adtrdoas ola Dxpmfrdr

    rfmmfvdrs.Efst rdbdltmy, fur nre sdttmda

    o bosd fl idgom` f` Ers. Dtgdmdld

    Iomawnl, o Efltjfedry rdsnadlt,wgf

    goa iddl nlvfmvda nl o @fra rfmmfvdr nl

    933:.Ers.Iomawnl wos o `rflt sdot pos-

    sdljdr nl o ?>>0 @fra Dxpmfrdr. Rgd olaftgdr `oenmy edeidrs wdrd trovdmnlj tf

    Inrenljgoe fl N-04 wgdl tgd md`t rdor

    tnrd adtrdoada ola tgd Dxpmfrdr rfmmda

    fvdr. Ers. Iomawnl, wgf wos prfpdrmy

    rdstronlda nl gdr sdot idmt, wos portnommy

    dkdbtda `rfe tgd vdgnbmd aurnlj tgd

    rfmmfvdr ola wos sdvdrdmy nlkurda. Dvdl

    tgfujg tgd arnvdr wos trovdmnlj ot

    gnjgwoy spddas, opprfxneotdmy :3

    enmds pdr gfur, gd wos uloimd tf

    bfltrfm tgd vdgnbmd wgdl tgd tnrd

    adtrdoada.

    Qgd tnrd adtrdoada idbousd f` ad`dbts

    hlfwl iftg tf @fra ola @nrdstfld. Nt

    wos frnjnlommy o spord tnrd fl tgns

    Dxpmfrdr. Aud tf o rdbomm, `fur f` tgd

    frnjnlom @nrdstfld tnrds wdrd tohdl f``

    tgd Dxpmfrdr, iut tgd spord rdeonlda nl

    tgd vdgnbmd. Dvdltuommy tgd spord wos

    put fl tgd md`t rdor f` tgd Dxpmfrdr ola

    nt wos nlvfmvda nl tgns rfmmfvdr.

    Iftg @fra ola @nrdstfld hldw omm

    oifut tgd ad`dbtnvd tnrds sdvdrom ydors

    id`frd tgot `nrst tnrd rdbomm tffh pmobd nl

    tgd Tlntda Rtotds. Nl `obt, sdvdrom ydors

    prnfr tf tgd `nrst rdbomm, @fra nepmd-

    edltda o sdrnds f` sdbrdt rdbomms nl

    Pdldzudmo. @fra rdbfjlnzda tgd

    prfimde tgdrd ola dvdltuommy rdedanda

    tgd prfimde iy eohnlj tgd sgfbh

    oisfridrs fl tgd Dxpmfrdr eubgstrfljdr. Zd hldw `rfe golamnlj o

    lueidr f` prnfr bosds, nlbmuanlj

    sdvdrom ornsnlj nl Pdldzudmo, tgot tgd

    rdeday wos tf rdpmobd tgd sgfbhs wntg

    stn``dr ola strfljdr flds ola tf pmobd

    tgde `urtgdr futifora. Qgd soed `nx

    wos rdbfeedlada iy @fra dljnlddrs

    `fr tgd T.R. eorhdt, iut nt woslt afld.

    Nl `obt, LGQRO wos lft dvdl nl`freda

    oifut omm f` tgd adtrdoa ola rfmmfvdr

    prfimdes nl Pdldzudmo ola sdvdrom

    ftgdr `frdnjl bfultrnds.

    @nrdstfld `nrst rdbommda tgd ad`dbtnvd

    tnrds nl tgd Tlntda Rtotds nl Oujust f`

    9333. O rdbomm lftnbd wos sdlt fut ot

    tgot tned iy `nrst bmoss eonm. Fvdr tgd

    ldxt `dw ydors, @fra ola @nrdstfld

    boed tf rdomnzd tgot enmmnfls f` rdbommda

    tnrds wdrd stnmm fl tgd rfoa ola nl usd.

    Ruisdqudltmy,o sdbfla rdbomm wos afld

    nl 9330. Rnjln`nboltmy, @nrdstfld sdlt fut

    tgd sdbfla rdbomm lftnbd iy tgnra bmoss

    eonm ola wntgfut o rdpmy bora.Os yfueoy hlfw, tgnra bmoss eonm ns lft `fr-

    worada n` tgd oaardssdds oaardss gos

    bgoljda. Omsf, tgd lftnbd ns lft

    rdturlda tf tgd sdladr n` nt ns lft admnv-

    drda.O trdedlafus lueidr f` fwldrs

    ldvdr jft o rdbomm lftnbd, rdsumtnlj nl

    enmmnfls f` ad`dbtnvd tnrds rdeonlnlj fl

    T.R.gnjgwoys.

    Ldntgdr fur bmndlt lfr tgd usda bor

    mft tgot sfma tgd Dxpmfrdr rdbdnvda oly

    rdbomm lftnbd `rfe dntgdr @fra fr @nrd-

    stfld. O prnfr fwldr f` tgns Dxpmfrdrrdbdnvda o rdbomm lftnbd ola,os o rdsumt,

    tgd `fur @nrdstfld tnrds tgot wdrd fl

    tgd jrfula wdrd rdpmobda. Iut tgd

    spord rdeonlda wntg tgd vdgnbmd.

    Qgd Ad`dlaolts nl tgd bosd, wgnbg

    wos sdt `fr trnom fl Oprnm 93tg nl Eflt-

    jfedry Bfulty, wdrd @fra Eftfr Bf.,

    Irnajdstfld/@nrdstfld Lfrtg Oedrnbol

    Qnrd MMB. Zd wdrd oimd tf sdttmd tgd

    bosd wntg omm Ad`dlaolts fl tgd Qgurs-

  • 8/9/2019 The Jere Beasley Report, May 2009

    4/521 www.IdosmdyOmmdl.bfe

    aoy prnfr tf tgd trnom aotd.Qgd oefult

    f` tgd sdttmdedlt `rfe dobg Ad`dlaolt

    ns bfl`nadltnom.

    Aurnlj fur nlvdstnjotnfl f` tgd

    Iomawnl bosd,wd `fula tgot @nrdstfld

    tnrds tgot goa iddl spords wdrd stnmm fl

    @fra Dxpmfrdrs.Qrojnbommy, `otomntnds ola

    sdrnfus nlkurnds wnmm bfltnlud ultnm subg

    tned os @fra ola @nrdstfld mfbotd ola

    adstrfy omm f` tgd rdbommda tnrds tgot ordstnmm nl sdrvnbd.

    MoIorrfl Iffld, Jrdj Ommdl, ola N

    golamda tgns bosd `fr Ers.Iomawnl.Zd

    hlfw omm tgot tgns moay gos iddl tgrfujg

    ola wgot tgd `uturd gfmas `fr gdr

    idbousd f` gdr nlkurnds ola ansoinmnty.Zd

    ord efst pmdosda tf govd rdobgda o sdt-

    tmdedlt nl gdr bosd tgot wnmm eohd tgd

    `uturd eubg idttdr `fr gdr.

    RDQQMDEDLQF@YFF@BYTRGBORD

    Fur `nre sdttmda o bosd rdbdltmy tgot

    wos pdlanlj ojonlst Jdldrom Eftfrs fl

    idgom` f` fur bmndlt wgf mfst gns wn`d

    wgdl tgd 933? Bgdvrfmdt R-?3 Imozdr nl

    wgnbg tgdy wdrd trovdmnlj rfmmda fvdr.

    Borm Goeefla wos arnvnlj tgd Imozdr,

    gns wn`d Qgdrdso wos rnanlj nl tgd `rflt

    possdljdr sdot ola tgdnr twf ifys wdrd

    nl tgd iobh sdot. Omm f` tgde wdrd

    wdornlj tgdnr sdot idmts.Zgnmd trovdmnlj

    fl T.R. Gnjgwoy 12?, kust futsnad f`Gultsvnmmd,ot o spdda f` opprfxneotdmy

    14 epg, tgd vdgnbmd strubh wotdr,

    gyarfpmolda ola rfmmda fvdr nl tgd

    rfoawoy. Aurnlj tgd rfmmfvdr, tgd rff`

    suistoltnommy brusgda afwlwora ola

    nlwora fvdr tgd `rflt possdljdr ordo,

    bfeprfensnlj tgd vdgnbmds survnvom ola

    tgd pdr`freolbd f` Qgdrdsos sdot idmt.

    Os o rdsumt f` tgd rff` brusg ola sdot

    idmt `onmurd, Qgdrdso wos portnommy

    dkdbtda fut f` tgd vdgnbmd, bousnlj

    sdvdrd nlkurnds wgnbg mda tf gdr adotg.Fur bmndlt ola gns sfls womhda owoy

    `rfe tgd obbnadlt wntg vnrtuommy lf

    nlkurnds. Nt wos bmdormy o survnvoimd

    dvdlt iut `fr tgd rff` brusg. Iut, tgdy

    wnmm frdvdr govd tf mnvd wntg tgd mfss f`

    o wn`d ola eftgdr idbousd f` tgd

    adsnjl adbnsnfls JE eoad wgnbg

    njlfrda rfmmfvdr so`dty.

    Nl o rfmmfvdr obbnadlt, n` ol fbbupolt

    stoys nl tgd vdgnbmd ola tgd vdgnbmds

    survnvom spobd ns lft bfeprfensda,tgot

    pdrsfl sgfuma survnvd tgd obbnadlt.

    Qgd rff` ns port f` tgd strubturom

    suppfrt f` o vdgnbmd ola gdmps `fre

    port f` tgd survnvom spobd nl o vdgnbmd

    nl tgd dvdlt f` o brosg.N` o rff` brusgds

    suistoltnommy aurnlj ol obbnadlt, nt

    nltruads nltf tgd fbbupolts survnvom

    spobd, tgus, dxpfsnlj fbbupolts tfsdrnfus ola otom nlkurnds.

    Qgdrd ord ol dstneotda snx enmmnfl

    Imozdrs, nlbmuanlj pnbhup trubhs,fl tgd

    rfoa tfaoy. Rtuands govd sgfwl tgot

    RTPs ord twf ola o gom` tneds efrd

    mnhdmy tf rfmm fvdr tgol possdljdr bors.

    Nl o rdbdlt rdpfrt iy tgd Nlsurolbd

    Nlstntutd `fr Gnjgwoy Ro`dty, nt rolhda

    tgd Imozdr oeflj tgd mdost-so`d RTPs fl

    tgd rfoa.

    JE gos hlfwl `fr eoly ydors tgot

    nts rff`s ord tff wdoh.Qgd bfepolys

    fwl nltdrlom so`dty junadmnld `fr nts tdst

    arnvdrs rdvdom tgot JE hldw omm oifut

    tgd aoljdr f` nts wdoh rff`s. JEs

    so`dty junadmnlds rdqunrd tgot nts tdst

    arnvdrs usd o gdmedt ola sdot idmt fr o

    arnvnlj eolduvdr os snepmd os mold

    bgoljds `rfe zdrf tf 44 epg n` nts

    stotnb stoinmnty `obtfr (RR@) ns mdss tgol

    ?.?3. Qgns junadmnld nlbmuads tgd

    pfpumor Imozdr ola Kneey vdgnbmds.

    @urtgdr, JEs Ro`dty Junadmnlds rdqunrdtgd nlstommotnfl f` o rfmm ior fr rfmm bojd

    nl tgd soed vdgnbmds uladr tgdsd soed

    snepmd arnvnlj eolduvdrs nl fradr tf

    prftdbt tgd fbbupolts `rfe rff` brusg.

    JE bfltnluds tf adly tgot rff`

    brusg bousds nlkurnds. dt, nt puts rfmm

    bojds fl nts trubhs `fr nts fwl depmfy-

    dds tf prftdbt tgde `rfe rff` brusg.

    Qgd soa rdomnty ns tgot, `fr 29 ydors,JE

    gos hlfwl tgot nts rff`s fl nts vdgnbmds

    wdrd wdoh ola lft bopoimd f` wntg-

    stolanlj `frbds nl rdom wfrma rfmmfvdrobbnadlts. Iut, aurnlj tgfsd 29 ydors,

    nlstdoa f` strdljtgdlnlj nts rff`s tf

    prdvdlt adotgs ola sdrnfus nlkurnds,JE

    gos bfltnluda tf adbdnvd tgd `dadrom

    jfvdrledlt ola tgd eftfrnlj puimnb

    iy bmonenlj tgot rff` brusg afds lft

    eottdr.JEs `onmurd tf iunma nts vdgnbmds

    wntg strflj rff`s bfltnluds tf trojn-

    bommy tohd tgd mnvds f` pdfpmd mnhd fur

    bmndlts wn`d ola ftgdrs.Qgd Goeefla

    bosd wos pdlanlj nl Eoansfl Bfulty ot

    tgd tned f` sdttmdedlt.Qgd oefult f`

    tgd sdttmdedlt ns bfl`nadltnom ot JEs

    rdqudst. Ynbh Efrrnsfl `rfe fur `nre

    golamda tgns bosd `fr tgd Goeefla

    `oenmy ola ana o vdry jffa kfi `fr

    tgde.

    YGNLFMOZRTNQ@NMDANLJDFYJNO

    Fur `nre bfltnluds tf pursud bmones

    ojonlst oeogo `fr nlkurnds rdsumtnlj nl

    ad`dbts rdmotda tf tgd Ygnlf. Os ans-

    bussda nl prdvnfus nssuds f` tgd Ydpfrt,

    tgd ^oeogo Ygnlf ns o adoamy vdgnbmd

    tgot fvdrturls uladr vdry `frdsddoimd

    fpdrotnlj bflantnfls. Fld f` tgd

    oeogo bfrpfrotnfls fpdrotds fut f`

    Jwnlldtt Bfulty, Jdfrjno. Gulardas

    f` pdfpmd govd iddl nlkurda fr hnmmda

    iy tgd oeogo Ygnlf. Eoly f` tgfsdgovd bgfsdl tf `nmd tgdnr bosds nl Jwnl-

    ldtt Bfulty, Jdfrjno.Qgus `or opprfxn-

    eotdmy :3 bosds govd iddl `nmda tgdrd.

    Zd govd `nmda ola bfltnlud tf `nmd bosds

    nl tgot bfurt ola nl ftgdr vdluds fl

    idgom` f` tgfsd nlkurda ola hnmmda iy

    tgd Ygnlf. Bgrns Jmfvdr, Bfmd Sfrtns

    ola N wnmm id golamnlj tgdsd bosds `fr

    tgd `nre.

    SYFATBQMNOINMNQ^MOZRTNQ@NMDAOJONLRQO QYDDRQOLAEOLT@OBQTYDY

    Fur `nre rdbdltmy `nmda o prfaubt mno-

    inmnty mowsunt ojonlst tgd eolu`obturdr

    f` o trdd stola. Nl tgns bosd, wd rdprd-

    sdlt o yfulj eol `rfe Lfrtg Borfmnlo

    wgf su``drda sdvdrd iobh nlkurnds

    wgdl tgd rotbgdt strop fl tgd trdd

    stola irfhd bousnlj tgd trdd stola ola

    tgns yfulj eol tf `omm `rfe tgd trdd tf

    tgd jrfula.Qgd gultnlj trdd stola wos

    purbgosda `rfe Zom-Eort.Qrojnbommy, tgnsportnbumor trdd stola wos suikdbt tf o

    rdbomm idbousd f` tgd ad`dbtnvd strop.

    Gfwdvdr, nt wos stnmm idnlj sfma ot tgd

    tned f` tgd obbnadlt.

    Zgdl rdvndwnlj ola nlvdstnjotnlj

    tgd bmone fl idgom` f` fur bmndlt, wd

    nadltn`nda ftgdr mowsunts wgdrd tgd

    eolu`obturdr f` tgd trdd stola wos

    suda `fmmfwnlj o `onmurd nadltnbom tf fur

    bmndlts `omm. Fld f` tgfsd nlbnadlts

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    www.KdrdIdosmdyYdpfrt.bfe 4

    fbburrda nl Omoioeo.Qgrfujg tgot mntn-

    jotnfl wd ansbfvdrda tgd strops `fr tgd

    trdd stola wdrd eoad iy o Bgnldsd

    eolu obturdr. Qgd strops wdrd lft

    prfpdrmy tdstda ola tgns `onmurd tf tdst

    efst mnhdmy bfltrniutda tf tgd trdd

    stola `onmurds.

    Qgd bfepoly `nmda iolhruptby, iut

    gos snlbd dedrjda `rfe nt ola ns stnmm nl

    tgd iusnldss f` eolu`obturnlj olasdmmnlj trdd stolas. Fur bmndlt usda tf

    id o irnbh eosfl,iut os o rdsumt f` gns

    nlkurnds gd bol lf mfljdr wfrh. Fur

    bmndlt ns eorrnda ola gos bgnmardl. Gns

    mn`d gos iddl `frdvdr bgoljda idbousd

    f` bfrpfrotd nrrdspflsninmnty. Hdlaomm

    Aulsfl `rfe fur `nre wnmm id tgd mdoa

    mowydr nl tgns bosd.

    OLFQGDYZFYHSMOBDNLKTY^YDRTMQRNL

    OSYFATBQMNOINMNQ^RTNQ

    Dobg ydor tgfusolas f` wfrhdrs ord

    nlkurda fr hnmmda ot tgdnr wfrh pmobd.

    Omtgfujg o stotds wfrhdrs bfepdlso-

    tnfl systde pmobds mnentotnfls fl tgd

    oinmnty f` depmfydds tf gfma depmfydrs

    obbfultoimd `fr tgdsd wfrh-rdmotda

    nlkurnds, eoly pdfpmd af lft rdomnzd

    tgot tgdrd eoy id olftgdr ovonmoimd

    sfurbd f` rdbfvdry. Nlkurnds nl tgd wfrh

    pmobd ord f`tdl bousda iy ad`dbtnvd

    prfaubts. N` o prfaubt bousds ol fl-tgd-kfi nlkury, o prfaubt mnoinmnty sunt eoy

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    `obturdr. Tl frtulotdmy, botostrfpgnb

    nlkurnds, adotgs, ola oeputotnfls bfe-

    eflmy fbbur `rfe ad`dbtnvd prfaubts

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    sdqudlbds f` o ad`dbtnvd prfaubt nl tgd

    wfrh pmobd bol id fula tgol nl fld f`

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    wfrhnlj imud bfmmor eol wgf wos

    sdvdrdmy iurlda os o rdsumt f` o ad`db-tnvd prfaubt.Fur bmndlt wos wfrhnlj nl

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    gft efmtdl omuenlue nl moamds obrfss

    tgd bdnmnlj. Qgdsd trfmmdys borry tgd

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    wfrhnlj idmfw tgd systde fl tgd `mffr

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    f` tgd iobh wnrd rfpds ottobgda tf tgd

    trfmmdy irfhd, bousnlj o moamd `umm f` tgd

    efmtdl omuenlue tf spnmm fl tgd `mffr.

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    fl tgd `mffr brdotnlj o `mosg `nrd. Fur

    bmndlt wos ul`frtulotdmy womhnlj uladr

    tgd moamd ot tgd tned tgd nlbnadlt

    fbburrda ola wos sdvdrdmy iurlda os o

    rdsumt f` tgd `mosg `nrd. Fur bmndlt sus-

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    $:43,333.33.Idbousd f` gns nlkurnds, gd

    wnmm lft id oimd tf wfrh `fr tgd rdst f`

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    `frdvdr, iut gns wn`ds mn`d gos omsf

    bgoljda. Rgd ns lfw gdr gusiolas

    prneory bordtohdr os gd bollft

    pdr`fre dvdryaoy mn`d obtnvntnds wntgfut

    ossnstolbd.

    Dvdl tgfujg tgd rfpd wos spdbn`n-

    bommy eolu`obturda `fr tgns typd f`

    trfmmdy systde, tgd rfpd wos ad`dbtnvdmy

    adsnjlda idbousd nt wos lft strflj

    dlfujg tf gfma tgd systde wgdl tgd

    trfmmdys moamd wos `umm f` gft efmtdl

    omuenlue.Qgrfujg ansbfvdry, wd wnmm

    mdorl tgd dxtdlt, n` oly, f` tdstnlj tgd

    eolu`obturdrs ana fl tgd rfpd.Rpdbn`n-

    bommy, wos tdstnlj pdr`freda iy tgd

    eolu`obturdr uladr snenmor bflantnfls

    ola nl o snenmor dlvnrfledlt os tgd

    bflantnfls ola dlvnrfledlt `fula ot

    tgd pmolt6 Hdlaomm Aulsfl ns mdoa ottfr-ldy fl tgns bosd. N` yfu ldda

    oaantnflom nl`freotnfl fl wfrh-pmobd

    nlkury mntnjotnfl yfu bol bfltobt

    Hdlaomm ot 733-7>7-9321 fr Hdlaomm.

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    ?>-ydor-fma ify wgf wos trojnbommy

    hnmmda nl ol outfefinmd obbnadlt. Nt wosansbfvdrda tgot, fl tgd lnjgt f` tgd

    obbnadlt, tgd Ad`dlaolts sfma iddr tf

    tgns tddlojdr fl twf sdporotd fbbo-

    snfls.Qgd ombfgfm somds wdrd rdbfrada

    iy vnadf survdnmmolbd topds.Qgd topds

    bfl`nreda tgot tgd bmdrh `fr tgd bfl-

    vdlndlbd stfrd ldvdr rdqudstda oly

    nadltn`nbotnfl `rfe tgd enlfr.

    Nl tgd dormy ?>33s, tgd Omoioeo Mdjns-

    moturd rdbfjlnzda tgd aoljdrs ossfbn-

    otda wntg tgd sdmmnlj f` ombfgfm tf

    enlfrs ola sow tgd urjdlt ldda tf

    prftdbt bgnmardl `rfe tgdnr fwl neeo-

    turnty os nt rdmotds tf tgd arnlhnlj f`

    ombfgfm. Rf tgd ?>3: Mdjnsmoturd possda

    o stotutd prfgnintnlj tgd `urlnsgnlj f`

    mnqufr tf enlfrs.Qgns mdjnsmotnfl dvdl-

    tuommy dvfmvda nltf Omo. Bfad 0-4-:3(?>:4). Qgns bfad sdbtnfl gos iddl

    oedlada fvdr tgd ydors, iut nl

    dssdlbd, nt stnmm eohds nt ulmow`um tf sdmm

    fr `urlnsg spnrntufus mnqufr tf o enlfr.

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    ns, nl tgd efltgs mdoanlj up tf tgns

    yfulj eols adotg, tgd pordlts f` tgns

    bgnma rdpdotdamy bfltobtda tgd Ad`dl-

    aolts stfrd nl`frenlj tgde tgot tgdnr

    sfl wos o enlfr.Qgdy mntdrommy idjjda

    tgde lft tf sdmm oly ombfgfmnb idvdr-

    ojds tf gne. Qgd bflvdlndlbd stfrds

    bflaubt nl tgns bosd ns oigfrrdlt.

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    anda nl arulh arnvnlj rdmotda brosgds.

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    rdprdsdlts tgd dpntfed f` nrrdspflsninm-

    nty ola o bfepmdtd ansrdjora `fr tgd

    mows f` tgd Rtotd f` Omoioeo ola tgd

    so`dty f` enlfrs. Enhd Brfw `rfe fur

    `nre wnmm id tgd mdoa mowydr nl tgns bosd.

    NNN.

    MDJNRMOQNPD

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    Iy tgd tned tgns nssud ns rdbdnvda tgd

    Omoioeo Mdjnsmoturd wnmm govd mdss

    tgol tdl mdjnsmotnvd aoys md`t nl tgdYdjumor Rdssnfl. Fivnfusmy, tgdrd ns o

    jrdot adom f` wfrh tf id afld wntg o

    rdmotnvdmy sgfrt tned tf af wgot lddas

    tf id afld. Qgdrd ord sfed tfujg

    nssuds md`t tf id adomt wntg. Os yfu

    prfioimy hlfw, tgd stotd iuajdts wdrd

    sovda `rfe `nsbom ansostdr idbousd f`

    tgd stneumus efldy rdbdnvda `rfe tgd

    `dadrom jfvdrledlt. Zntgfut tgot

  • 8/9/2019 The Jere Beasley Report, May 2009

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    efldy stotd sdrvnbds ola puimnb dau-

    botnfl ot dvdry mdvdm wfuma govd iddl

    nl kdfporay ola tgd stotd nl o rdom

    `nsbom edss. Nt wfuma govd iddl

    oisfmutdmy nepfssnimd tf poss iuajdts

    wntgfut sdvdrd buts nl dssdltnom sdrv-

    nbds n` tgdrd goa iddl lf stneumus

    `ulas. Lfifay bol ansputd tgd `obt

    tgot tgd stneumus efldy sovda tgd aoy

    `fr Omoioeo bntnzdls.Dvdltuommy o Jfvdrlfr ola Mdjnsmo-

    turd, obtnlj nl bflbdrt, nl o inportnsol

    eolldr, wnmm govd tf adom wntg tgd

    `nsbom prfimdes tgot govd iddl vnrtu-

    ommy njlfrda tf o vdry morjd adjrdd

    fvdr tgd post 94 ydors. @fr ydors, wd

    govd sddl iuajdts possda wntg

    potbgds ola sgfrt-tdre `nxds, iut

    wntg lf rdom pdreoldlt `nxds. Qgd

    ldxt Jfvdrlfr wnmm govd gns fr gdr

    golas `umm ola wnmm govd tf eohd

    sfed tfujg adbnsnfls ot o vdry dormy

    aotd nl 93??.

    OMOIOEORQNMMLDDARO LDZBFLRQNQTQNFL

    Zgnmd tgdrd ns stnmm tned fr possojd, nt

    afdslt oppdor fur stotd wnmm id jdttnlj

    o ldw bflstntutnfl nl tgd needanotd

    `uturd.Tlmdss tgnljs pnbh up vdry sffl

    Gfusd Kfnlt Ydsfmutnfl >? ola Rdlotd

    Kfnlt Ydsfmutnfl 93 wflt poss aurnljtgd burrdlt sdssnfl. Flmy o jrdot adom f`

    puimnb suppfrt `rfe orfula tgd stotd,

    possda fl tf tgd Mdjnsmotfrs, bol eohd

    tgd an``drdlbd. N` dlfujg pdfpmd rfe

    orfula tgd stotd mdt tgdnr Gfusd ola

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    tnfl wnmm govd o bgolbd tf poss. Qgot

    wfuma mnjgt o `nrd nl tgd Gfusd ola

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    Os o eottdr f` `obt, tgd Kfnlt Ydsfmu-tnfl wnmm ommfw tgd pdfpmd f` Omoioeo

    tf vftd `fr o Bflstntutnfl Bflvdltnfl

    tf rdwrntd tgd ?>3? Omoioeo Bflstntu-

    tnfl.Qgd rdsfmutnfl wos nltrfaubda nl

    iftg tgd Gfusd ola Rdlotd iy Rpdohdr

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    Mnttmd nl tgd Rdlotd (RKY 93). Dobg Ydsf-

    mutnflulmnhd o inmmwos sdlt tf tgd

    Yumds Bfeenttdd nl tgd rdspdbtnvd

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    tgdrd ns tf id oly bgolbd `fr possojd

    aurnlj tgd sdssnfl.

    Os yfu eoy hlfw, tgd Kfnlt Ydsfmu-

    tnfls ord tgd soed os tgd inmms tgot govd

    iddl f``drda iy tgd spflsfrs `fr tgd

    post tgrdd ydors.Qgd flmy an``drdlbd ns

    tgot o rdsfmutnfl afdslt rdqunrdopprfvom iy tgd Jfvdrlfr. Eoly Mdjnsmo-

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    rdsfmutnfls govd 90 bf-snjldrs nl tgd

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    sfed pfwdr`um spdbnom nltdrdsts ot wfrh

    fppfsnlj o ldw Bflstntutnfl.Qgdy mnhd

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    adbnsnfl nl 9339, rd`usnlj tf gdor ol

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    oppdom `rfe Sgnmnp Efrrns.Qgdl tgd T.R.

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    gfwdvdr, tf eohd tgot o `nre rumd.Ldxt,

    tgd Frdjfl Ruprded Bfurt upgdma tgd

    pulntnvd aoeojds,bntnlj dxtrofranlornmy

    rdprdgdlsnimdbflaubt iy Sgnmnp Efrrnsf``nbnoms.Qgd T.R. Ruprded Bfurt tgdl

    tffh o sdbfla mffh ot tgd bosd. Nl 933:,

    tgd bfurt sona, nl o 4-1 adbnsnfl, tgot

    kurfrs eoy pulnsg o Ad`dlaolt flmy `fr

    gore afld tf sfedfld wgf ns sunlj,

    lft ftgdr sefhdrs wgf bfuma eohd

    snenmor bmones.

    Qgd stotd bfurt wos tfma tf rdbfl-

    snadr tgd owora nl tgd bfltdxt f`

    nlstrubtnfls `fr tgd trnom kury tgot Sgnmnp

    Efrrns prfpfsda, iut wgnbg wdrd

    rdkdbtda iy tgd trnom kuajd. Nl Koluory,

    tgd Frdjfl bfurt sona tgdrd wdrd ftgdr

    ad`dbts nl tgd nlstrubtnfls tgot vnfmotda

    Frdjfl mow, ola ojonl suppfrtda tgd

    trnom kuajds adbnsnfl lft tf jnvd tgd

    prfpfsda nlstrubtnfls tf tgd kury. Nts

    rdom jffa tf sdd tgns bosd `nlommy bfed

    tf o bflbmusnfl. Ydmotnvdmy `dw vnbtnes

    govd dvdr iddl subbdss`um nl mntnjotnfl

    ojonlst tgd pfmntnbommy-pfwdr`um tfiobbf

    nlaustry. Es.Znmmnoes ola gdr mowydrs

    ord tf id bfeedlada `fr sddnlj tgnsbosd tf ol dla.

    Rfurbd; Ossfbnotda Srdss

    Z DQGETRQ@OBDZFEOLRSYDESYFMOZRTNQ

    O Qdxos oppdoms bfurt gos rumda tgot

    Zydtg, tgd aruj eohdr idnlj obqunrda

    iy S`nzdr Nlb., eust `obd o mowsunt `nmda

    iy o wfeol wgf bmones gdr irdost

    bolbdr wos bousda iy tgd edlfpousd

    edanbnld Srdeprf.O stotd bfurt kuajdgoa ansenssda tgd bosd fl `dadrom prd-

    deptnfl.Qgd bfurt sona nl nts Oprnm ?1tg

    rumnlj, tgot Rusol Irfbhdrts `onmurd-tf-

    worl bmones ordlt prddeptda iy

    `dadrom aruj-moidmnlj rdjumotnfls, fvdr-

    turlnlj tgd mfwdr bfurt kuajds `nlanlj.

    Qgd rumnlj sdlt tgd bosd iobh tf tgd

    mfwdr bfurt `fr `urtgdr prfbddanljs.Nl

    nts rumnlj, tgd oppdoms poldm bntda tgd

    T.R. Ruprded Bfurts Mdvnld adbnsnfl.

    Os wnadmy rdpfrtda, tgd gnjg bfurt nl

    tgot bosd sona potndlts bol sud aruj

    eohdrs `fr `onmnlj tf prfvnad oadquotd

    so`dty worlnljs,dvdl wgdl o trdotedlt

    ola nts pobhojnlj ord opprfvda iy tgd

    T.R.@ffa ola Aruj Oaenlnstrotnfl.

    Zgnmd tgns ns jrdot ldws `fr Es.

    Irfbhdrt, wgf bfltdlas Zydtgs

    Srdeprf bousda gdr irdost bolbdr, ntsomsf vdry jffa ldws fr tgd eoly Qdxos

    wfedl wgf govd `nmda snenmor mowsunts.

    Ydmotda mowsunts fvdr gfrefld tgdropy

    arujs subg os Srdeprf, Srdeornl ola

    Srfvdro tgot goa iddl fl gfma pdlanlj

    o adbnsnfl wnmm lfw efvd `frwora.

    Opprfxneotdmy ?1,333 wfedl govd

    `nmda gfrefld tgdropy mowsunts ojonlst

    Zydtg ola S`nzdr.Os eoly os 0 enmmnfl

    wfedl tffh tgd gfrefld-rdpmobdedlt

    tgdropnds tf dosd edlfpousd syep-

    tfes, subg os gft `mosgds ola effa

    swnljs,id`frd o 9339 stuay turlda up

    bolbdr mnlhs.

    Nl Koluory, wd rdpfrtda fl Rdlotfr

    Jrossmdys mdttdr tf Zydtgs BDF,

    Idrlora Sfussft,hnbhnlj f`` ol nlvdstn-

    jotnfl nltf tgdnr rfmd nl poynlj jgfst-

    wrntdrs tf puimnsg edanbom ortnbmds

    `ovfroimd tf Srdeprf. Nl Eorbg, wd

    rdpfrtda fl tgd dvdr-efultnlj dvn-

    adlbd tgot gfrefld tgdropy bousds

    irdost bolbdr. Nt sgfuma bfed os lf sur-prnsd tgot nl S`nzdrs rdbdlt ollfulbd-

    edlt tf purbgosd Zydtg `fr $07

    inmmnfl, tgdy wnmm poy Sfussft $42

    enmmnfl tf rdsnjl. Lft ioa `fr o eol

    wgf sddes tf govd brfssda dtgnbom

    junadmnlds nl gns wfrh.

    Qda Edoafws, Yuss Oildy ola

    Edmnsso Srnbhdtt, mowydrs `rfe fur `nre,

    ord wfrhnlj fl gfrefld tgdropy

    bosds. Qgdy bfltnlud tf nlvdstnjotd

    pftdltnom bosds ola ord `nmnlj ldw

    bosds. Qgd `nre wnmm id mntnjotnlj tgdbosds tgot govd omrdoay iddl `nmda ola

    ord lfw pdlanlj. N` yfu ldda efrd

    nl`freotnfl fl tgns suikdbt,bfltobt oly

    f` tgd mowydrs mnstda oifvd ot 733-7>7-

    9321 fr iy deonm ot Qda.EdoafwsC

    idosmdyommdl.bfe, Yuss.OildyCidosmdy

    ommdl.bfe fr Edmnsso.SrnbhdttCidosmdy

    ommdl.bfe.

    Rfurbd; Imffeidrj

    YDQNYDARTSYDEDBFTYQKTRQNBD@OPFYREDYNQRDMDBQNFLF@KTAJDR

    Rolaro Aoy FBfllfr, tgd rdtnrda T.R.

    Ruprded Bfurt Kustnbd,idmndvds strfljmy

    tgot edrnt sdmdbtnfl ns tgd idst woy tf

    bgffsd kuajds ola hddp tgde nlad-

    pdladlt. Qgns wdmm-rdspdbtda puimnb

    sdrvolt soys nts gora `fr kuajds tf

    rdeonl neportnom hlfwnlj tgdnr adbn-snfls wnmm nl`mudlbd gfw mflj tgdy

    hddp tgdnr kfis.Rgd idmndvds tgd efldy

    idnlj spdlt iy pdfpmd rullnlj `fr tgd

    kuanbnory nl stotds tgot aflt govd edrnt

    sdmdbtnfl ns bousnlj pdfpmd tf trust

    kuajds mdss. Kustnbd FBfllfr goa tgns

    tf soy;

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    boutnfus ola mffh ot wgot ol

    nladpdladlt kuanbnory gos edolt

    tf tgns lotnfl.Fur kuajds eust idbopoimd f` stoynlj oifvd pfmntnbs n`

    tgdyrd jfnlj tf sdrvd tgd `ulbtnfl

    f` eohnlj neportnom adbnsnfls.

    Efst suppfrtdrs f` dmdbtnlj kuajds

    bmone tgot `obnlj tgd vftdrs eohds

    kuajds efrd obbfultoimd tf tgd pdfpmd

    tgdy sdrvd. Iut Kustnbd FBfllfr

    idmndvds kuajds ordlt os d``dbtnvd n`

    tgdy govd tf wfrry oifut wgdtgdr

    tgdnr adbnsnfls wnmm id pfpumor.Rgd omsf

    bfltdlas tgot dmdbtnlj kuajds irnljs nl

    ftgdr dmdedlts tgot ord gore`um tf tgd

    kuanbnory. Jrfups tgot fppfsd edrnt

    sdmdbtnfl `rdqudltmy bntd kuanbnom

    tyrolly os olftgdr rdosfl kuajds

    sgfuma id dmdbtda. Kuajd FBfllfr ans-

    enssds tgot bfltdltnfl,os wdmm,soynlj;

    Fur `frd`otgdrs wfuma id sur-

    prnsda tf `nla tgdy wdrd dstoimnsg-

    nlj o tyrollnbom systde wgdl

    tgdy wrftd tgd Bflstntutnfl. Qgd

    flmy woy tf stfp tgd flsmoujgt wd

    lfw `obd ns tf iunma ol nl`fredabntnzdlry tgot uladrstolas tgd

    ldda `fr ol nl`freda kuanbnory.

    Kustnbd FBfllfr gos omsf dxprdssda

    bflbdrl oifut Oedrnbols mobh f`

    hlfwmdajd oifut jfvdrledlt. Rgd

    pfnlts fut tgot efrd pdfpmd bol loed

    ol Oedrnbol Nafm kuajd fr twf f` tgd

    Qgrdd Rtffjds tgol tgd tgrdd

    irolbgds f` jfvdrledlt. Nts prdtty

    www.KdrdIdosmdyYdpfrt.bfe :

  • 8/9/2019 The Jere Beasley Report, May 2009

    8/527 www.IdosmdyOmmdl.bfe

    gora tf ansojrdd wntg Kustnbd FBfllfr

    fl oly f` gdr vndws.

    Rfurbd; Ossfbnotda Srdss

    P.

    QGD LOQNFLOM

    RBDLD

    MOZRTNQOJONLRQHIY RTYPNPDR

    Zd govd wrnttdl nl prnfr nssuds fl

    tgd dmdbtrfbutnfl adotgs f` Oedrnbol

    trffps nl Nroq.Ydbdltmy, o `dadrom kuajd

    adlnda Orey bfltrobtfr HIYs eftnfl

    tf ansenss o mowsunt `nmda iy tgd eftgdr

    f` o sfmandr wgf wos dmdbtrfbutda nl

    tgd sgfwdr wgnmd sdrvnlj nl Nroq. Os

    prdvnfusmy rdpfrtda, Gfustfl-iosda

    bfltrobtfr HIY `onmda tf eonltonl tgddmdbtrnbom nl`rostrubturd ot tgd `fredr

    dstotd f` Roaaoe Gussdnl nl Iojgaoa.

    Fl Koluory 9, 9337, Rto`` Rjt. Yyol

    Eosdtg, ol Orey Yoljdr ola Jrddl

    Idrdt,wos dmdbtrfbutda os gd sgfwdrda

    wgnmd stotnflda tgdrd.

    Mowydrs `fr HIY orjuda tgot adbn-

    snfls eoad iy tgd Orey nlsumotda tgd

    prnvotd enmntory bfltrobtfr rfe prfsd-

    butnfl. @frtulotdmy, T.R. Anstrnbt Kuajd

    Lfro Iorry @nsbgdr ansojrdda, stotnlj nl

    gdr fradr;

    Qgns bosd afds lft nlvfmvd bmones

    ornsnlj `rfe obtnvd enmntory

    bfeiot fpdrotnfls.Qgd nssuds prd-

    sdltda iy XEs. GorrnsU bmones

    nlvfmvd tgd ommdjda ldjmnjdlt pdr-

    `freolbd fr lfl-pdr`freolbd f`

    HIY nl prfvnanlj eonltdlolbd

    sdrvnbds tf tgd Tlntda Rtotds Orey.

    Qgd mowsunt oshs tgns bfurt ola o

    kury tf adtdrenld wgdtgdr tgd

    wfrh tgot HIY obtuommy pdr-

    `freda ot tgd XbfepmdxU wos sui-

    stolaora, ldjmnjdlt wfrh tgot

    rdsumtda nl Yyol Eosdtgs adotg.

    HIY mowydrs omsf orjuda tgot tgd

    mowsunt sgfuma id ansenssda idbousd nt

    bfuma id o pftdltnom deiorrossedlt tf

    tgd Orey ola tgd T.R. jfvdrledlt.

    Kuajd @nsbgdr, gfwdvdr, lftda tgot tgd

    Orey gos lft sfujgt tf nltdrvdld nl

    tgns obtnfl lfr dxprdssda oly bflbdrls

    tf tgns bfurt. Zntgfut o afuit, HIY

    sgfuma id gdma obbfultoimd `fr tgd

    adotg f` Rjt. Eosdtg ola pulnsgda tf

    tgd `ummdst dxtdlt f` tgd mow.

    O enmntory tdoe sdlt tf dvomuotd tgd

    dmdbtrnbom prfimdes ot T.R. `obnmntnds nl

    Nroq adtdrenlda tgdrd wos o gnjg rnsh

    tgot `mowda wnrnlj bfuma bousd boto-

    strfpgnb rdsumts wgnbg, os wd lfw

    hlfw, nlbmuads tgd dmdbtrfbutnfls f`Oedrnbol sfmandrs. Obbfranlj tf tgd

    tdoe, tgd usd f` o rdqunrda advnbd,

    bfeeflmy `fula nl Oedrnbol gfeds

    tf prdvdlt dmdbtrnbom sgfbhs, wos

    potbgy ot idst ldor sgfwdrs ola

    motrnlds nl T.R. enmntory `obnmntnds. Qgd

    tdoe omsf `fula wnadsprdoa usd f`

    ulbdrtn`nda dmdbtrnbom advnbds ola

    nlbfepmdtd oppmnbotnfl f` T.R. dmdb-

    trnbom bfads nl iunmanljs tgrfujgfut

    tgd wor-tfrl bfultry. Os prdvnfusmy

    rdpfrtda, ot mdost tgrdd T.R. sdrvnbd

    edeidrs govd iddl dmdbtrfbutda nl

    Nroq wgnmd tohnlj sgfwdrs nl tgd snx

    ydors snlbd tgd Iusg Oaenlnstrotnfl

    fradrda tgd nlvosnfl f` tgd bfultry.

    O bfpy f` tgd tdoes Rdptdeidr 7tg

    rdpfrt tf tgd tgdl-bfeeoladr nl Nroq,

    Jdl. Aovna Sdtrodus, wos fitonlda iy

    tgd Ossfbnotda Srdss tgrfujg o

    @rddafe f` Nl`freotnfl Obt rdqudst.

    Rdlotfr Ifi Bosdy gos dxprdssda gns

    ansoppfnltedlt tgot tgd Sdltojfl`onmda tf sgord tgd rdpfrt wntg Bfl-

    jrdss wgdl nt wos bfepmdtda. Qgd

    Sdllsymvolno Rdlotfr, wgf gos iddl

    trynlj tf jdt efrd olswdrs oifut tgd

    dmdbtrnbom prfimdes nl tgd post ydor,

    rdbdltmy fisdrvda;

    Qgns rdpfrt `rfe o T.R. enmntory

    tosh `frbd bfl`nres ey wfrst

    `dors; o jmornlj pottdrl f` sgfaay

    oppmnbotnfl f` rdmdvolt dmdbtrnbom

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    juoras, ola tgd mobh f` oadquotd

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    Rnlbd tgns rdpfrt tf Jdldrom Sdtrodus,

    Qosh @frbd RO@D nl Nroq, wgnbg wos

    brdotda tf adom wntg tgd dmdbtrnbom prfi-

    mdes, idjol dxtdlsnvd nlspdbtnfls ola

    rdponrs f` wnrnlj nl oifut >3,333 T.R.-

    eonltonlda obnmntnds nl Nroq.Qgd Ossfbn-

    otda Srdss gos rdpfrtda prdvnfusmy tgot

    oifut o tgnra f` tgd nlspdbtnfls sf `or

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    mdes.Zgnmd nt oppdors o jffa lueidr

    f` tgfsd prfimdes govd lfw iddl

    `nxda, oifut 04,333 `obnmntnds govd ydt tf

    id nlspdbtda.Qgd enmntory soys nt bfuma

    id Lfvdeidr id`frd omm tgd nlspdbtnfls

    ord bfepmdtd.

    Nl tgd edoltned, tgd `oenmy f` Rjt.

    Eosdtg bfltnluds wntg nts mowsunt nl ol

    d``frt tf fitonl kustnbd. N wfuma mnhd tfsdd tgd dxdbutnvds ot HIY gdma pdrsfl-

    ommy rdspflsnimd `fr tgdnr obtnfls nl tgns

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    efvd iy tgd Srdsnadlt.

    Rfurbd; Ossfbnotda Srdss

  • 8/9/2019 The Jere Beasley Report, May 2009

    9/52

  • 8/9/2019 The Jere Beasley Report, May 2009

    10/52?3 www.IdosmdyOmmdl.bfe

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    wgot ord hlfwl os oubtnfl-rotd sdburn-

    tnds.Qgdsd wdrd eorhdtda iy tgd Zdmms

    @orjf suisnanornds.Oubtnfl-rotd sdburn-

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    f` tgd sdburntnds wdrd sfma nl rdbdlt

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    ydor,ojrdda tf rdpurbgosd $?.4 inmmnfl

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    nlvdstfrs nl o sdttmdedlt wntg tgd stotd

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    idjol sdmmnlj oubtnfl-rotd sdburntnds nl

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    Rfurbd; Mfs Oljdmds Qneds

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    Qgdrd govd iddl o lueidr f` snjln`n-

    bolt advdmfpedlts rdbdltmy nl wgnstmd-

    imfwdr mowsunts. N wnmm edltnfl o `dw f`tgde idmfw.

    LFYQGYFSJYTEEOL-QYZ ZGNRQMD-IMFZDYBORDRDQQMDA

    Nl fld f` tgd lotnfls morjdst sdttmd-

    edlts nl o wgnstmd-imfwdr bosd,

    Lfrtgrfp Jrueeol Bfrp. gos

    ojrdda tf poy tgd `dadrom jfvdrl-

    edlt $294 enmmnfl tf rdsfmvd

    bmones tgot QYZ, wgnbg nt obqunrda

    nl 9339, prfvnada ad`dbtnvd ports

    `fr o spy sotdmmntd prfjroe nl tgd

    ?>>3s.Iut nl o rotgdr wdnra twnst,

    tgd `dadrom jfvdrledlt omsf gos

    sdttmda o sdporotd, mflj-rullnlj

    ansputd wntg Lfrtgrfp ola uladr

    tgot sdttmdedlt tgd jfvdrledltwnmm poy tgd odrfspobd bfepoly

    dxobtmy $294 enmmnfl. Qgns dssdl-

    tnommy edols tgot tgd twf sdttmd-

    edlts ord o wosg ola, os o rdsumt,

    lf efldy wnmm bgoljd golas.

    Qgfujg Bdltury Bnty-iosda Lfrtgrfp

    wos tgd mfsdr nl tgd wgnstmd-imfwdr

    bosd, nt subbdss`ummy rdsfmvda o ?2-

    ydor-fma ansputd fvdr o enssnmd

    prfjroe tgot wos bolbdmmda nl

    ?>>4 `fr wgot tgd jfvdrledlt sonawdrd bfst ola sbgdaumd fvdrruls.

    Nl tgd QYZ-Lfrtgrfp wgnstmd-

    imfwdr bosd, tgd sdttmdedlt dlada

    o sdvdl-ydor mdjom `njgt nlntnotda iy

    o wgnstmdimfwdr. Yfidrt @drrf, ol

    dljnlddr, nl gns rfmd os o wgnstmd-

    imfwdr,wos oworada $17.: enmmnfl.

    Iut nlstdoa f` tgot owora idnlj

    pona iy Lfrtgrfp,nt wnmm id pona iy

    tgd `dadrom jfvdrledlt.

    QYZ sfma tgd jfvdrledlt dmdb-trflnb bfepfldlts tgot nt hldw

    wfuma `onm. @drrf ns ol dmdbtrnbom

    dljnlddr `fr tgd Odrfspobd Bfrp., o

    `dadrommy `ulada rdsdorbg moi tgot

    wos dvomuotnlj o sotdmmntd trolsnstfr

    `fr tgd Sdltojfl. Gd `nmda tgd

    mowsunt nl 9339 uladr tgd @omsd

    Bmones Obt, wgnbg ommfws pdfpmd

    lft o``nmnotda wntg tgd jfvdrledlt

    tf sud `dadrom bfltrobtfrs fl idgom`

    f` tgd jfvdrledlt. @drrf ommdjda

    tgot rdsdorbg bflaubtda nl ?>>4bmdormy adeflstrotda tgd ports

    wfuma `onm n` pmobda nl sotdmmntds tgot

    wdrd idnlj advdmfpda `fr tgd

    sdbrdtnvd Lotnflom Ydbfllonssolbd

    F``nbd. Iut QYZ analt nl`fre tgd

    jfvdrledlt f` tgd `nlanljs dvdl

    o`tdr prfimdes wdrd nltdlsn`nda.

    Zgdl tgd bmoneolts ord subbdss um,

    tgdy ord dltntmda tf rdbdnvd ?4% tf

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    www.KdrdIdosmdyYdpfrt.bfe ??

    94% f` tgd tftom sdttmdedlt. Qgns

    sdttmdedlt wos tgd morjdst dvdr nl o

    Sdltojfl wgnstmd-imfwdr bosd. Drnb

    Y. Govnol, o mowydr `rfe Rol @rol-

    bnsbf, rdprdsdltda tgd wgnstmd-

    imfwdr ola ana ol futstolanlj kfi.

    Rfurbd; Mfs Oljdmds Qneds

    BFESOL^OBBTRDAF@BFLQYOBQ@YOTA

    LdtOpp Nlb. f` Rullyvomd, Bomn`fr-

    lno, o aoto-stfrojd bfepoly, gos

    ojrdda tf poy tgd Jdldrom Rdrvnbds

    Oaenlnstrotnfl $?97 enmmnfl tf

    sdttmd o wgnstmdimfwdr bfepmonlt

    oifut nts `dadrom bfltrobtnlj. Qgd

    Kustnbd Adportedlt ommdjds tgot tgd

    bfepoly, LdtOpp Nlb. f` Rully-

    vomd,Bomn ., eoad omsd stotdedlts tf

    tgd JRO oifut tgd ansbfults nt wos

    jnvnlj ftgdr bustfedrs ola `onmda

    tf dxtdla prfpdr ansbfults tf tgd

    jfvdrledlt. Yfjdr Jfmaeol, ol

    ottfrldy fr tgd bfepoly, adbmnlda

    tf bfeedlt.

    Qgd ojrddedlt rdprdsdlts tgd

    morjdst-dvdr sdttmdedlt nlvfmvnlj

    tgd JROs `dadrom suppmy prfburd-

    edlt prfjroe. LdtOpp prfvnads

    goraword, sf`tword ola stfrojd

    eolojdedlt sdrvnbds.Qgd nlvdstn-jotnfl rdmotds tf bfltrobts LdtOpp

    goa wntg tgd JRO idtwddl Oujust

    ?>>: ola @diruory 9334 tf sdmm

    tdbglfmfjy prfaubts tf vornfus

    `dadrom ojdlbnds. JRO bfltrobt

    junadmnlds rdqunrd bfepolnds tf

    prfvnad tgd jfvdrledlt wntg obbu-

    rotd nl`freotnfl oifut tgd ansbfults

    tgdy f``dr tf lfl-jfvdrledlt bfe-

    edrbnom bustfedrs, gdmpnlj tgd

    JRO tf ldjftnotd nts idst prnbd.

    LdtOpp `onmda tf jnvd tgd Jfvdrl-edlt obburotd ola bfepmdtd aoto

    oifut tgd ansbfults f``drda tf

    bfeedrbnom bustfedrs.

    Tladr tgd tdres f` tgd sdttmdedlt,

    LdtOpp wos fimnjotda tf poy tgd

    $?97 enmmnfl iy Oprnm 9:tg. Njfr

    Hopusbnlshn, tgdl tgd `dadrom

    systdes eolojdr fr LdtOpp, `nmda

    o bfepmonlt nl 9330 nl T.R. Anstrnbt

    Bfurt nl Zosgnljtfl ommdjnlj `roua-

    umdlt idgovnfr iy tgd bfepoly.

    Qgns stortda tgd Kustnbd Adport-

    edlt nlvdstnjotnfl.Pnrjnm EbHlnjgt,

    o mowydr wntg tgd Zosgnljtfl A.B.

    `nre f` Osgbro`t & Jdrom, rdprd-

    sdltda tgd wgnstmdimfwdr ola ana o

    vdry jffa kfi.

    Rfurbd; Zosgnljtfl Sfst

    @FYETMO@FYKTRQNBDBGDENRQIMFZRZGNRQMDFLEDANBOMBFESOL^

    O sdttmdedlt gos iddl rdobgda iy

    tgd `dadrom jfvdrledlt nl olftgdr

    snjln nbolt wgnstmdimfwdr sunt. Nt

    oppdors tgot o jnolt moi wos

    eohnlj nlobburotd tdst hnts `fr anom-

    ysns potndlts. Qgfeos Boltfr, tgd

    infbgdenst wgfsd bfepoly sup-

    pmnda an``drdlt tdst hnts tf bmnlnbom

    mois ola wgf imdw tgd wgnstmd fl

    tgd bfepoly,goa tgns tf soy;

    Ne lft jfnlj tf pfbhdt nt, tgd

    efldy port wos ldvdr tgd eftn-

    votnfl. Nt wos omwoys oifut

    potndlts. Nt irfhd ey gdort ola

    wos sgfbhnlj wgot o bfepoly

    wfuma af `fr efldy. N eoad nt

    ey iusnldss tf jf fl o enssnfl

    tf eohd nt stfp.

    Qgd wgnstmdimfwdr soys tgd owora

    efldy wnmm `ula rdsdorbg tf trdot

    aruj-rdsnstolt nl`dbtnfls mnhd GNP

    ola gdpotntns. @nvd ydors ojf,

    Boltfr ola gns mowydrs ot tgd Zosg-

    nljtfl `nre f` Sgnmmnps & Bfgdl

    suda _udst Anojlfstnbs ola nts sui-

    snanory Lnbgfms Nlstntutd Anojlfs-

    tnbs (LNA) `fr Edanbord `roua.Qgd

    sunt bfltdlada _udst ola LNA

    wdrd inmmnlj tgd jfvdrledlt `fr

    `oumty edanbom tdsts ola gore`um

    Pntoenl A tgdropnds `fr nlobbu-

    rotdmy-anojlfsda hnaldy ansdosd.

    Boltfr, prdsnadlt f` Rboltnifands

    Moifrotfry Nlb., nl Bomn frlno,mdorlda

    f` prfimdes wntg _udsts `oumty

    tdst hnts o tdr sfed afbtfrs wgf

    ansputda _udsts rdsumts oshda gne

    tf bflaubt o sdbfla tdst.Boltfrs

    tdsts sgfwda _udsts `nlanljs wdrd

    bflsnstdltmy fut f` wgobhola mda

    gne tf bgdbh `urtgdr.

    LNA gos pmdoada junmty tf o `dmfly

    bgorjd f` ensirolanlj rdmotnlj tf o

    tgyrfna tdst `fr anomysns potndlts

    ola ojrdda tf poy o $13 enmmnfl

    `nld. Nl oaantnfl, _udst ola LNA

    ojrdda tf poy tgd jfvdrledlt o$909 enmmnfl bnvnm sdttmdedlt.

    Tladr tgd dadrom @omsd Bmones Obt,

    Boltfr ns dltntmda tf o pdrbdltojd

    f` tgd sdttmdedlt os ol dlbfurojd-

    edlt `fr wgnstmdimfwdrs tf bfed

    `frwora. Id`frd sunlj, Boltfr sdlt

    tgfusolas f` d-eonms tf gdomtg bord

    prfvnadrs oifut tgd nlobburotd

    tdsts wntgfut subbdss.Qgd Kustnbd

    Adportedlt tgdl nlvdstnjotda gns

    ommdjotnfls. Irffhmyl T.R.Ottfrldy

    Idltfl Boepidmm fisdrvda;

    Qgd Oedrnbol puimnb gos o

    rnjgt tf dxpdbt edanbom advnbd

    eolu obturdrs tf eohd obbu-

    rotd bmones nl tgdnr moidmnlj,

    dspdbnommy wgdl tgd `onmurd tf

    eddt tgfsd bmones bfuma nlan-

    botd tgot tgd pdr`freolbd f` tgd

    advnbd ns suspdbt.

    Qgdrd gos iddl o eossnvd oefult

    f` `roua nl `dadrom prfjroes olatgot ns o soa bfeedltory fl fur

    tneds. Bfepolnds bol af wdmm

    wntgfut bgdotnlj nl tgdsd prf-

    jroes. Qgd kfi f` rdjumotnfl ola

    eflntfrnlj f` jfvdrledlt bfltrob-

    tfrs eust id afld iy tgd jfvdrl-

    edlt. Qgot snepmy gos lft iddl

    afld wdmm fvdr tgd post sdvdrom

    ydors. Zgnstmdimfwdrs ord obtuommy

    afnlj tgdnr kfi `fr tgd rdjumotfrs

    ola tgots lft tgd woy nt sgfuma id.

    Rfurbd; Ldw frh Aonmy Ldws

    EORROBGTRDQQROSSYFPDRRDQQMDEDLQNL@OMRDAYTJSYNBDMOZRTNQ

    O `dadrom bfurt nl Eossobgusdtts gos

    jnvdl prdmnenlory opprfvom tf o sdttmd-

    edlt nl o bosd nlvfmvnlj `omsd aruj

    prnbds iy o aruj wgfmdsomdr.Qgd tftom sdt-

    tmdedlt f` tgd sunt ns $243 enmmnfl. Bfl-

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    suedrs wnmm jdt sfed f` tgdnr efldy

    iobh.Qgd sunt ommdjds tgot EbHdssfl ola

    @nrstAotoIolh nl`motda tgd ovdrojd

    wgfmdsomd prnbd (OZS) f` prdsbrnptnfl

    arujs.Qgd OZS ns omwoys sdt iy tgd eol-

    u`obturdr ola ns possda fl iy o rdpfrtnlj

    bfepoly mnhd @nrstAotoIolh.Obbfranlj

    tf tgd sunt, tgd Ad dlaolts nl`motda o

    eorh-up `obtfr usda tf bombumotd tgd

    OZS f` fvdr 133 arujs.Rpdbn nbommy, @nrstAoto Iolh, o pui-

    mnsgdr f` aruj aoto, tfma tgd pgoreobdu-

    tnbom nlaustry tgot nt adrnvda tgd OZS

    `rfe o survdy f` wgfmdsomdrs nl ol

    ottdept tf vdrn`y tgd prnbds rdpfrtda

    iy tgd eolu`obturdr. Nl rdomnty,

    gfwdvdr, EbHdssfl wos tgd flmy

    wgfmdsomdr tgot @nrstAoto obtuommy sur-

    vdyda. Qgd twf bfepolnds nlbrdosda

    tgd OZS eorhup `rfe 93 tf 94 pdrbdlt

    `fr fvdr 133 arujs, wntgfut oly dbf-

    lfenb kustn`nbotnfl. Qf bflbdom tgd

    sbgded, tgd bfepolnds flmy nlbrdosda

    tgd eorhup wgdl olftgdr prnbd

    ollfulbdedlt wos eoad iy o aruj

    eolu`obturdr. Zgnmd tgd Ad`dlaolts

    adly oly wrfljafnlj, tgdy govd

    ojrdda tf rdneiursd dmnjnimd bfl-

    suedrs. EbHdssfl, o @frtuld 433

    gdomtg bord sdrvnbds bfepoly, gos

    ojrdda tf poy $243 enmmnfl nltf o sdttmd-

    edlt `ula.Flmy $03 enmmnfl f` tgns wnmm

    jf anrdbtmy tf bflsuedrs wntg tgd rdstommfttda tf id pona tf lfl-jfvdrledl-

    tom tgnra portnds, nlbmuanlj nlsurolbd

    bfepolnds.Nt sgfuma id lftda tgot tgns

    bosd afdslt nlbmuad stotd Edanbona

    prfjroes. Qgd `roua nl tgfsd bosds

    nlvfmvda flmy tgd aruj eolu`obturdrs

    ola lft tgd rdpfrtnlj sdrvnbds.

    Dmnjnimd bmoss edeidrs nlbmuad

    olyfld wgf pona o bf-poyedlt `fr fld

    f` tgd sdttmdedlt arujs idtwddl

    Oujust ?,933? ola Eorbg ?4,9334,ola

    ulnlsurda fr uladrnlsurda bflsuedrswgf pona tgd `umm vomud f` fld f` tgd

    arujs idtwddl Oujust ?, 933? ola

    Koluory 92, 933>. Obbfranlj tf tgd

    Smonltn``s mowydr, Rtdvd Z. Idreol f`

    Gojdls Idreol Rfifm Rgopnrf,dmnjnimd

    bmoss edeidrs wfuma rdbdnvd sfed

    efldy iobh nl tgd ldor `uturd n` tgdy

    `nmd o bmone.Bflsuedrs wgf tgnlh tgdy

    eoy id dmnjnimd tf rdbfvdr sgfuma `nmm

    fut o bmone fre,ovonmoimd ot tgd f``nbnom

    sdttmdedlt Zdi sntd, www.ebhdssfl-

    owpsdttmdedlt.bfe.

    Rfurbd; Bflsuedr O``onrs

    PNN.

    BFLJYDRRNFLOM

    TSAOQD

    BFLJYDRRRGFTMASORRQGDEDANBOMADPNBDRO@DQ^OBQ

    Os wd govd rdpfrtda nl prdvnfus

    nssuds, tgd Edanbom Advnbd Ro`dty Obt f`

    933> ns owontnlj possojd nl Bfljrdss. N

    prdanbt tgot tgns mdjnsmotnfl wnmm poss

    idbousd f` nts nepfrtolbd `rfe o

    puimnb gdomtg pdrspdbtnvd.Qgd Oedrn-

    bol pdfpmd govd iddl omdrtda tf o

    eossnvd prfimde rdmotnlj tf edanbomadvnbds ola tf tgd d``frts tf prftdbt

    wrfljafdrs. Rdvdrom mdjom jrfups,

    nlbmuanlj tgd Oedrnbol Ior Ossfbnotnfl,

    suppfrt possojd f` tgns Obt.Qgd mdjnsmo-

    tnfl wos nltrfaubda fl Eorbg 4tg o`tdr

    tgd T.R. Ruprded Bfurts adbnsnfl nl

    tgd Zydtg v. Mdvnld bosd.

    Nl olftgdr bosd,Yndjdm v. Edatrflnb,

    tgd Ruprded Bfurt `fula most ydor tgot

    prfaubts mnoinmnty bmones ojonlst edanbom

    advnbd eolu obturdr Edatrflnb wdrd

    prddeptda iy tgd Edanbom AdvnbdOedlaedlts tf tgd `dadrom @ffa, Aruj

    ola Bfsedtnb Obt. Iut fl Eorbg 1tg,tgd

    Ruprded Bfurt rumda nl tgd Mdvnld bosd

    tgot `dadrom mow jfvdrlnlj worlnljs fl

    prdsbrnptnfl aruj moidms afds lft

    prddept stotd bmones ossdrtnlj tgot pgor-

    eobdutnbom bfepolnds `onmda tf worl f`

    rnshs ossfbnotda wntg tgd edanbotnfl.

    O lueidr f` bflsuedr jrfups,

    nlbmuanlj Suimnb Bntnzdl ola mdjom

    frjolnzotnfls subg os tgd Oedrnbol

    Ossfbnotnfl `fr Kustnbd ola tgd Ommnolbd`fr Kustnbd,govd iddl pusgnlj gora fr

    possojd f` tgd Edanbom Advnbd Ro`dty

    Obt. Nts efst snjln`nbolt tgot tgd Oedrn-

    bol Ior Ossfbnotnfl gos kfnlda wntg tgd

    bflsuedr jrfup. Qgns mdjnsmotnfl wos

    nltrfaubda nl iftg gfusds iy Rdlotfr

    Qda Hdllday, tgd bgonreol f` tgd

    Rdlotd Bfeenttdd fl Gdomtg, Daubo-

    tnfl, Moifr ola Sdlsnfls, ola Ldw

    Kdrsdy Ydprdsdltotnvd @rolh Sommfld Kr.,

    tgd bgonreol f` tgd Gfusd Bfeenttdd

    fl Dldrjy ola Bfeedrbds Ruibfe-

    enttdd fl Gdomtg. Qgd mdjnsmotnfl gos

    irfoa suppfrt nl iftg tgd Gfusd ola

    Rdlotd.Qgd Oedrnbol pdfpmd ord bmdormy

    nl `ovfr f` prfept possojd.

    Nl Eorbg, efrd tgol 93 bflsuedr,

    gdomtg, wfedls oavfboby ola mdjom

    jrfups sdlt mdttdrs tf Rdlotfr Hdllday,Ydp. Sommfld ola Ydp. Gdlry Zoxeol,

    tgd bgonreol f` tgd Gfusd Dldrjy ola

    Bfeedrbd Bfeenttdd, urjnlj possojd

    f` tgd Edanbom Advnbd Ro`dty Obt. Nl tgd

    mdttdrs,nt wos stotda;

    Neeulnty sgfuma lft id jnvdl tf

    advnbd eolu`obturdrs tgot `onm tf

    oadquotdmy worl oifut fr prdvdlt

    advnbd rnshs8 dspdbnommy wgdl tgd

    eolu`obturdr hlfws, fr sgfuma

    hlfw, tgot tgd advnbd bfuma bousdsdrnfus nlkurnds fr adotg.

    Fld f` tgd mdjom jrfups, tgd Bdltdr

    `fr Kustnbd & Adefbroby, wgnbg ns o

    bflsuedr frjolnzotnfl `fbusda fl tgd

    bfurts, rdmdosda o rdpfrt rdbdltmy fl

    ad`dbtnvd gdort advnbds ola nepmolts.

    Kfolld Afrfsgfw,dxdbutnvd anrdbtfr f`

    tgd Bdltdr,wgnbg ns iosda nl Ldw frh,

    eoad tgns fisdrvotnfl bflbdrlnlj tgd

    ldda `fr mdjnsmotnvd obtnfl;

    Qgdsd ord tgd vdry typd f` potndlts

    wgfsd rnjgts govd iddl wnpda fut

    os o rdsumt f` tgd Ruprded Bfurts

    adbnsnfl most ydor, wgnbg ns wgot

    Bfljrdss lfw lddas tf `nx.

    Edolwgnmd, tgd Oedrnbol Ior Ossfbno-

    tnfl gos `freda o tosh `frbd tf rdvndw

    nts pfmnby rdjoranlj `dadrom prddeptnfl

    f` stotd prfaubts mnoinmnty tfrt mows.Fl

    Adbdeidr 9>tg, OIO Srdsnadlt G.

    Qgfeos Zdmms Kr., o Inrenljgoe,

    Omoioeo mowydr, sdlt mdttdrs tf Ydp.Sommfld ola Rdlotfr Hdllday suppfrt-

    nlj o inmm tgot wfuma fvdrturl tgd adbn-

    snfl nl tgd Edatrflnb bosd. Srdsnadlt

    Zdmms, wgf ns o vdry jffa bnvnm ad`dlsd

    mowydr, stotda;

    Rtotd prfaubt mnoinmnty mow gfmas

    eolu`obturdrs obbfultoimd `fr

    nlkurnds bousda iy tgdnr prfaubts

    wgdl tgdy ord ldjmnjdlt fr nrrd-

    ?9 www.IdosmdyOmmdl.bfe

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    spflsnimd. Qgdsd mows pdrent ol

    nlkurda bflsuedr tf id bfepdl-

    sotda iy o eolu`obturdr fula tf

    id ldjmnjdlt. Mdjnsmotnfl subg os

    tgd Edanbom Advnbd Ro`dty Obt ns

    bflsnstdlt wntg OIO pfmnby sup-

    pfrtnlj tgd bfltnluda rnjgt f` tgd

    stotds ola tdrrntfrnds tf rdjumotd

    prfaubt mnoinmnty mow wntg ansbrdtd

    dxbdptnfls.

    Zgnmd N idmndvd tgns mdjnsmotnfl wnmm

    poss, bfrpfrotd mfiiynsts ord gora ot

    wfrh trynlj tf adronm tgd d``frt. Gfpd-

    `ummy, tgd fvdrwgdmenlj suppfrt nl

    `ovfr f` tgd mdjnsmotnfl wnmm dloimd tgd

    inmm tf poss, ola tf poss sffl. Nts ioamy

    lddada ola wfuma sdla tgd rnjgt

    edssojd tf tgd Oedrnbol pdfpmd.

    Rfurbd; Lotnflom Mow Kfurlom

    QGD@ONYDMDBQNFLRLFZOBQRGFTMAIDSORRDA

    Zd govd sddl inj iolhs rdbdnvd inm-

    mnfls nl ionmfut `ulas, ola tgdl turl

    orfula ola mfiiy `fr mnttmd tf lf fvdr-

    snjgt fr obbfultoinmnty fr gfw fur tox-

    poydr afmmors ord tf id spdlt. Zgnmd

    tgdy wdrd iusy mfiiynlj, tgd iolhs

    ldjmdbtda tgd brntnbom nssud ot gola

    wgnbg ns gdmpnlj Oedrnbol gfedfwl-

    drs wgf `obd `frdbmfsurd. Zd bollft

    ommfw boeponjl bosg ola pfwdr`um

    mfiiynsts tf bfltnlud tf wnl `ovfrs

    `rfe Bfljrdss. Soy-tf-pmoy pfmntnbs

    bolt id ommfwda tf bfltnlud nl Zosg-

    nljtfl,A.B.,lft wntg sf eubg ot stohd.

    Qgots wgy Suimnb Bntnzdl ns pusgnlj

    `fr bgoljd tgrfujg bntnzdl-`ulada @onr

    Dmdbtnfls. N idmndvd tgd tned gos bfed

    tf efvd nl tgot anrdbtnfl. Qohnlj

    spdbnom nltdrdst efldy fut f` tgd pfmnt-

    nbom ordlo wfuma af efrd tf rna fur

    lotnfls bopntom f` portnsol `ovfrntnseola obtuom bfrruptnfl tgol oly snljmd

    fld tgnlj.

    Qgd @onr Dmdbtnfls Lfw Obt, spfl-

    sfrda iy Rdlotfrs Anbh Aurinl (A-NM)

    ola Ormdl Rpdbtdr (A-SO) ola Ydprd-

    sdltotnvds Kfgl Morsdl (A-BQ) ola

    Zomtdr Kflds (Y-LB), prdsdlts ol dxbnt-

    nlj ldw opprfobg tf `nlolbnlj boe-

    ponjls. Qgns inportnsol inmm brdotds ol

    omtdrlotnvd tf inj spdbnom nltdrdst

    efldy nl pfmntnbs iy ommfwnlj Bfl-

    jrdssnflom bolanaotds tf rul o vnoimd

    boeponjl fl puimnb `ulas ola ulmne-

    ntda seomm bfltrniutnfls `rfe franlory

    bntnzdls.

    Sossnlj tgns mdjnsmotnfl wnmm `rdd

    edeidrs f` Bfljrdss `rfe spdlanlj

    tned bgosnlj bfltrniutnfls `rfe mfi-

    iynsts ola bfrpfrotd spdbnom nltdrdst

    jrfups. Nt wfuma omsf rdturl tgdnr`fbus tf sfmvnlj tgd brntnbom nssuds bfl-

    `rfltnlj fur Lotnfls prfimdes; tgd

    dbflfey, gdomtg bord, ola dldrjy.Qgd

    tned gos bfed `fr possnlj tgns mola-

    eorh mdjnsmotnfl, wgnbg wnmm bgoljd

    tgd woy pfmntnbs fpdrotd nl tgns

    bfultry. Nts tned `fr tgd aoys f` poy-tf-

    pmoy pfmntnbs tf dla. N` yfu ojrdd, osh

    yfur edeidrs f` Bfljrdss tf idbfed

    bf-spflsfrs f` tgd @onr Dmdbtnfls Lfw

    Obt! Flbd tgd prfimdes nl Zosgnljtfl

    ord golamda, tgdl tgd efvdedlt bol

    id tohdl tf tgd stotd gfusds.

    Rfurbd;Suimnb Bntnzdl

    QGDNL@MTDLBDJOEDNLFTYLOQNFLRBOSNQFM

    Zntgfut oly afuit, mfiiynlj ns inj

    iusnldss nl fur Lotnfls Bopntfm. Fvdr

    tgd ydors, pfwdr`um bfrpfrotd mfiiynsts

    govd goa o trdedlafus nl`mudlbd

    sfedtneds efrd tgol dmdbtda f``nbnomsfl wgot goppdls nl Zosgnljtfl.

    Mfiiynlj gos pona f`` `fr tgd mfiiynsts

    ola tgd spdbnom nltdrdsts. @fr dxoepmd,

    inj bfepolnds tgot spdlt gulardas f`

    enmmnfls mfiiynlj subbdss`ummy `fr o tox

    irdoh dlobtda nl 9331 jft o wgfppnlj

    99,333-pdrbdlt rdturlfl tgot nlvdst-

    edlt! Qgots prdtty jffa prff` tgot `fr

    tgfsd wgf bol o``fra nt, gnrnlj o mfiiy-

    nst bol poy trdedlafus anvnadlas.Qgd

    `njurds, bfepnmda iy prf`dssfrs ot tgd

    Tlnvdrsnty f` Holsos `fr o stuayrdmdosda most efltg,f``dr o rordmy-sddl

    jmnepsd f` gfw tgd mfiiynlj iusnldss

    wfrhs, ola wgy tgd nlaustry ns

    iffenlj os ldvdr id`frd.

    Srdsnadlt Iorobh Fioeo gos prfe-

    nsda tf buri mfiiynsts nl`mudlbd ola N

    gfpd tgot gd bol bflvnlbd Bfljrdss tf

    jf omflj wntg gne. Qgd prf`dssfrs

    rdpfrt adtonms d``frts iy gulardas f`

    bfepolnds nl 9332 ola 9331 tf pusg

    tgrfujg o fld-tned tox gfmnaoy tgot

    mfwdrda `fr o ydor tgd tox rotd tgdy

    pona fl prf`nts dorlda oirfoa.Omm tfma,

    T.R. bfepolnds sovda oifut $?33

    inmmnfl nl toxds, wntg pgoreobdutnbom

    pfwdrgfusds S`nzdr ola Edrbh & Bf.,

    tdbglfmfjy jnolts NIE ola Gdwmdtt

    Sobhora, ola gdomtg prfaubts eohdr

    Kfglsfl & Kfglsfl oeflj nts tfp idl-d`nbnornds.Qgd stuay `fbusds fl >2 `nres

    tgot spdlt os eubg os $979.: enmmnfl

    mfiiynlj fl tgd nssud aurnlj tgot

    pdrnfa. Qgfsd bfepolnds umtneotdmy

    sovda o tftom f` $09.4 inmmnfl tgrfujg

    tgd tox bgoljd.

    Ydsdorbgdrs usda puimnbmy-ovonmoimd

    mfiiynlj ansbmfsurds `nmda wntg Bfl-

    jrdss ola `nlolbnom stotdedlts suient-

    tda tf tgd Rdburntnds ola Dxbgoljd

    Bfeenssnfl tf bfepord tgd oefult

    dobg bfepoly sovda wntg nts mfiiynlj

    dxpdlanturds. Rtdpgdl Eozzo, wgf bfl-

    aubtda tgd stuay omflj wntg Yoqudm

    Omdxoladr ola Rusol Rbgfmz,fisdrvda;

    Nt bomms nltf qudstnfl wgot Bfl-

    jrdss ana nl 9331. Nt bmdormy ns o

    vdry mubrotnvd `ndma `fr mfiiynsts.

    Bfljrdss woltda tf brdotd kfis,

    ola wgot tgdy prfioimy ana wos

    brdotd kfis `fr tgd mfiiynsts.

    Qgd rdsumts rd`mdbt fld rdosfl tgotmfiiynljomwoys o eokfr nlaustry nl

    fur Lotnfls Bopntfmgos dxpdrndlbda

    dxpmfsnvd jrfwtg nl rdbdlt ydors.Bfe-

    polnds ola nltdrdst jrfups spdlt $2.19

    inmmnfl mfiiynlj Bfljrdss ola tgd

    `dadrom jfvdrledlt nl 9337, tgd most

    ydor `fr wgnbg subg `njurds ord ovonm-

    oimd, obbfranlj tf tgd Bdltdr `fr

    Ydspflsnvd Sfmntnbs.Qgots o ?1% kuep

    `rfe tgd prdvnfus ydor.Qgdrds jrfwnlj

    dvnadlbd tgot bfepolnds jdt wgot tgdy

    poy `frola eoyid o mft efrd`rfetgdnr mfiiynlj d``frts.

    Qgd Bdltdr `fr Ydspflsnvd Sfmntnbs ns

    o lflportnsol jrfup tgot trobhs efldy

    nl pfmntnbs. Nt rdbdltmy rdmdosda o stuay

    bfepornlj tgd oefult spdlt iy ionmda-

    fut iolhs fl pfmntnbom bfltrniutnfls

    ola mfiiynlj wntg tgd oefult f`

    efldy tgdy jft `rfe tgd Qrfuimda

    Ossdt Ydmnd` Srfjroe, idttdr hlfwl os

    www.KdrdIdosmdyYdpfrt.bfe ?2

  • 8/9/2019 The Jere Beasley Report, May 2009

    14/52

    tgd Zomm Rtrddt rdsbud `ula.Qgd rdsumts

    rdvdomda tgot tgd iolhs rdbdnvda ol

    fvdromm 947,11>% `fr tgd $??1 enmmnfl

    tgdy spdlt fl boeponjl aflotnfls ola

    mfiiynlj.Qgots lft o ioa rdturldvdl

    nl jffa dbflfenb tnedsola nts bdr-

    tonlmy o jrdot rdturl nl ioa tneds.Qgns

    sfrt f` tgnlj sgfuma sgfbh efst T.R.

    toxpoydrs ola sgfuma jdt tgd ottdltnfl

    f` tgd pfmntnbnols.Rfurbd; Ossfbnotda Srdss

    PNNN.

    SYFATBQ

    MNOINMNQ^ TSAOQD

    O BFLQNLTNLJRDYNDRGNJGMNJGQNLJF@QDLFPDYMFFHDASYFATBQBMONERNLQGD

    RNLJMDPDGNBMDOBBNADLQ

    Most efltg,wd idjol o sdrnds f` ortn-

    bmds ansbussnlj prfaubt mnoinmnty bmones

    tgot ornsd `rfe snljmd vdgnbmd obbnadlts.

    O prfaubt mnoinmnty bmone `fbusds fl

    wgdtgdr fr lft o prfaubt ns ad`dbtnvd.

    Qgd purpfsd f` tgns sdrnds ns tf daubotd

    yfu fl tgd an``drdlt hnlas f` prfaubt

    mnoinmnty bmones tgot ord fut tgdrd. Nl

    outfefinmd bosds, tgd ad`dbtnvd prfaubt

    bfuma id tgd dltnrd vdgnbmd,fr o bfepf-

    ldlt port subg os tgd sdot idmt fr tnrds.Tl`frtulotdmy, tgd ovdrojd eftfrnst gos

    lf nado gfw ulprftdbtda gd wnmm id nl

    ol obbnadlt os o arnvdr fr possdljdr nl o

    ad`dbtnvd vdgnbmd. Fur mowydrs ord

    tronlda tf rdbfjlnzd ad`dbt bmones nl

    eftfr vdgnbmd obbnadlt bosds.Oly snljmd

    vdgnbmd obbnadlt nlvfmvnlj sdrnfus

    nlkury fr adotg, nlbmuanlj poromysns, mfss

    f` mnei fr ironl aoeojd,sgfuma id bord-

    `ummy olomyzda `fr pfssnimd prfaubt mno-

    inmnty bmones. Most efltg, wd mffhda ot

    rff` brusg ola tgd advostotnlj tfmm nt gostohdl fl tgd mnvds f` eoly.Qgns efltg,

    wd mffh ot sdot idmt ad dbts.

    Qgdrd ord tgfujgt tf id twf bfmmnsnfls

    nl ol outf obbnadlt.Qgd `nrst bfmmnsnfl ns

    tgd vdgnbmds nepobt wntg olftgdr

    vdgnbmd fr fikdbt.Qgd sdbfla bfmmnsnfl ns

    tgd possdljdrs nepobt wntg tgd nltdrnfr

    f` tgd vdgnbmd, fr nl bosds f` dkdbtnfl,

    nepobt futsnad tgd vdgnbmd. Rdot idmt

    nlkurnds fbbur wgdl o ad`dbtnvd sdot idmt

    `onms tf oadquotdmy prftdbt o vdgnbmd pos-

    sdljdr nl tgd sdbfla bfmmnsnflpgosd f`

    ol outfefinmd obbnadlt.Qgd purpfsd f`

    o sdot idmt ns tf enlnenzd tgd nlkurnds

    bousda nl o sdbfla bfmmnsnfl, iy rdaub-

    nlj fr dmnenlotnlj nlkurnfus fbbupolt

    bfltobt wntg tgd vdgnbmds nltdrnfr.Rdot

    idmt nlkurnds f`tdl fbbur wgdl tgdrd ns o

    sdot idmt adsnjl, prfaubtnfl,fr nlstommo-tnfl ad dbt. Qgdrd ord o pmdtgfro f`

    nlkurnds tgot eoy fbbur os o rdsumt f` o

    ad`dbtnvd sdot idmt fr `rfe `onmurd f` o

    sdot idmt; spnlom bfra nlkury, ironl fr

    gdoa nlkury, poromysns, nltdrlom nlkurnds,

    oeputotnfls,irfhdl iflds,bflbussnfls

    ola otomntnds.

    Nl o mop-idmt-flmy adsnjl, f`tdl `fula

    nl tgd rdor bdltdr sdotnlj pfsntnfl,

    fbbupolts eoy kobh-hln`d fvdr tgd sdot

    idmt, rdbdnvnlj nlkurnds nl tgd prfbdss.

    Qgd sdot idmt ntsdm` bol bousd spnld fr

    nltdrlom nlkurnds wgdl tgd fbbupolts

    ifay idlas fvdr tgd sdot idmt wdiinlj

    wgnbg tgdl buts nltf tgd sf`t tnssud.

    Omsf, wgdl tgd fbbupolts ifay kuts

    `frwora, gdoa nlkurnds bol rdsumt wgdl

    tgd gdoa gnts o sdot iobh fr o suppfrt

    pnmmor nl tgd vdgnbmd.Zntg o sgfumadr-

    idmt-flmy adsnjl, f`tdl sddl nl Gyulaon

    fr Pfmhswojdl vdgnbmds, fbbupolts eoy

    suieornld uladr tgd idmt,bousnlj ldbh

    nlkurnds ola sfedtneds adbopntotnfl.Sossnvd rdstronlt systdes mumm tgd

    fbbupolt nltf o `omsd `ddmnlj f` so`dty

    wgdl tgd sgfumadr idmt smnads orfula

    tgde. Sossnvd rdstronlt systdes bflsnst

    f` o eoluom mop idmt ola o eftfrnzda

    sgfumadr idmt, fr ord snepmy o affr

    efultda tgrdd pfnlt systde. @fr tgd

    `nrst typd, tgd eoluom idmt bfeinlotnfl,

    fbbupolts f`tdl `frjdt tf motbg tgd

    eoluom idmt, brdotnlj o sgfumadr-idmt-

    flmy systde. Qgus, eubg mnhd tgd

    Gyulaon ola Pfmhswojdl vdgnbmds edl-tnflda oifvd, fbbupolts eoy suieo-

    rnld uladr tgd idmt. Nl tgd sdbfla typd,

    tgd affr-efultda,tgrdd-pfnlt systde,

    n` tgd affr fpdls aurnlj ol obbnadlt,

    tgd fbbupolt bol id dkdbtda,f`tdl su`-

    `drnlj gfrrn`nb nlkurnds fr adotg.

    Rfed f` fur bmndlts govd su``drda bot-

    ostrfpgnb spnlom bfra nlkurnds os o rdsumt

    f` ad dbtnvd sdot idmt jdfedtry adsnjl.

    Reomm stoturd pdrsfls ord portnbumormy

    susbdptnimd tf tgdsd typds f` nlkurnds.

    Qgd A-rnlj fr sgfumadr strop olbgfr ns

    typnbommy pmobda nl o pfsntnfl tgot ns tff

    gnjg `fr o seomm stoturd pdrsfl. Os o

    rdsumt,tgd sgfumadr strop rnads tff gnjg

    up fl tgd fbbupoltsldbh ola bousds

    sdvdrd spnlom nlkurnds nl o bfmmnsnfl.Outf

    eolu`obturdrs govd iddl oword f` tgns

    sdot idmt jdfedtry ad`dbt `fr sfed

    tned.O sdot idmt eust lft flmy id adsnjlda

    ola efultda prfpdrmy, iut eust motbg

    prfpdrmy ola stoy motbgda tf prfvnad

    eoxneue prftdbtnfl. Motbgnlj prfi-

    mdes mdovd tgd fbbupolt fpdl `fr tgd

    pfssninmnty f` idnlj ulrdstronlda nl ol

    obbnadlt. Nldrtnom ulmotbgnlj fbburs

    wgdl o sdot idmt iubhmd rdmdosds iy

    ntsdm aurnlj o bfmmnsnfl. Nloavdrtdlt

    ulmotbgnlj goppdls wgdl tgd iubhmd

    fpdls os o rdsumt f` sfed nloavdrtdlt

    bfltobt iy dntgdr tgd fbbupolt fr o

    bfepfldlt f` tgd vdgnbmd. F`tdl o

    gola fr ore bfltobts tgd rdmdosd

    iuttfl bousnlj ol nloavdrtdlt ulmotbg-

    nlj. Sfssnimy tgd sborndst f` omm sdot idmt

    iubhmd ad`dbts ns omsd motbgnlj. Qgns

    fbburs wgdl tgd iubhmd oppdors tf id

    motbgda, sfulas mnhd nt ns motbgda ola

    mffhs mnhd nt ns motbgda,iut ns lft obtu-

    ommy prfpdrmy fr `ummy dljojda. Nl tgns

    sntuotnfl, `frbds aurnlj tgd obbnadlt

    bol bousd tgd iubhmd tf ulmotbg. Zdrdbdltmy adomt wntg tgns nssud nl o bosd

    ojonlst o trubhnlj eolu`obturdr ola o

    sdot idmt eolu`obturdr wgdrd tgd adbd-

    adlt wos hnmmda o`tdr gd wos dkdbtda

    `rfe tgd vdgnbmd.

    Qgdrd ord sdvdrom ftgdr pfssnimd

    ad`dbts tgot bol fbbur wntg sdot idmts;

    tgd sdot idmt wdiinlj bol `onm idbousd

    f` o ad`dbt wntgnl tgd wdiinlj ntsdm`, fr

    `rfe o sgorp ntde fl tgd sdot `roed

    bfltobtnlj tgd wdiinlj aurnlj tgd bfm-

    mnsnfl8 tgd rdtrobtfr bol `onm tf mfbhprfpdrmy nl ol obbnadlt ola bousd ol

    nlkury iy ommfwnlj dxbdss wdiinlj tf

    dxtdla8 ola, o sdot idmt prdtdlsnfldr, o

    advnbd tgot rdefvds dxbdss smobh `rfe

    tgd sdot idmt wdiinlj,bfuma id enssnlj

    `rfe tgd adsnjl f` tgd portnbumor idmt.

    Mowydrs wgf ord dvomuotnlj pftdltnom

    bmones sgfuma ldvdr rdmy fl obbnadlt

    rdpfrts omfld tf adtdrenld n` tgdrd ns o

    sdot idmt ad`dbt. F`tdl Sfmnbd F``nbdrs

    ?1 www.IdosmdyOmmdl.bfe

  • 8/9/2019 The Jere Beasley Report, May 2009

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    wnmm soy tgot tgdrd wos lf idmt usd n` tgd

    fbbupolt gos iddl dkdbtda fr ns lft

    wdornlj tgd idmt wgdl tgd F``nbdrs

    orrnvd fl tgd sbdld. Os stotda prdvn-

    fusmy, ol fbbupolt bol suieornld

    uladr o idmt, tgd idmt eoy ulmotbg fl nts

    fwl `rfe nldrtno, fr o `nrst orrnvdr eoy

    govd ulmotbgda tgd fbbupolt tf oaenl-

    nstdr mn`dsovnlj edanbom trdotedlt. Nl

    sgfrt, aflt rdmy fl tgd obbnadlt rdpfrtomfld tf adtdrenld n` tgdrd ns o sdot idmt

    ad`dbt bosd. fu eoy govd o sdot idmt

    ad`dbt bosd n`;

    ol fbbupolt wgf wos idmndvda tf

    govd iddl idmtda ns `fula ulidmtda

    o`tdr tgd obbnadlt8

    o idmtda fbbupolt eohds bfltobt

    wntg tgd vdgnbmd nltdrnfr, rdsumtnlj nl

    nlkury8

    tgd fbbupolt ns dkdbtda futsnad tgdvdgnbmd fr futsnad tgd rdstronlt f` tgd

    sdot idmt, iut tgd sdot idmt iubhmd ns

    motbgda8

    tgd wdiinlj f` tgd sdot idmt ns mffsd

    o`tdr tgd obbnadlt8

    tgd wdiinlj f` tgd sdot idmt ns tfrl8

    tgd affr efultda sdot idmts nl tgd

    vdgnbmd wdrd nld``dbtnvd wgdl tgd

    affr f` tgd vdgnbmd fpdlda8

    tgd sdot idmt ns flmy o mop idmt fr

    sgfumadr idmt8

    tgd vdgnbmd fbbupolt bfeportedlt ns

    nltobt ola o idmtda fbbupolt ns

    nlkurda8fr

    tgd sdot idmt efults boed mffsd

    `rfe tgd `mffr fr vdgnbmd pnmmors

    aurnlj tgd obbnadlt.

    Fur `nre rfutnldmy rdvndws omm outf-

    efinmd obbnadlts nlvfmvnlj sdrnfus

    nlkury fr adotg, nlbmuanlj poromysns, mfss

    f` mnei fr ironl aoeojd tf adtdrenld n`

    tgdrd ns o ad`dbtnvd sdot idmt. N` yfu

    wfuma mnhd efrd nl`freotnfl fr govd o

    qudstnfl, yfu bol bfltobt dntgdr Bfmd

    Sfrtns,Jrdj Ommdl,fr Jrogoe Dsaomd ot

    733-7>7-9321, fr iy deonm ot Bfmd.

    SfrtnsCidosmdyommdl.bfe, Jrdj.OmmdlC

    idosmdyommdl.bfe fr Jrogoe.DsaomdC

    idosmdyommdl.bfe.

    Qgd Ldw LGQRO Bgnd` Rgfuma

    Oaardss Yff` Brusg Rtolaora

    N edltnflda nl olftgdr sdbtnfl f`

    tgns nssud tgot tgd Fioeo Oaenlnstro-

    tnfl loeda Bgubh Gurmdy os tgd ldw

    oaenlnstrotfr tf gdoa tgd Lotnflom

    Gnjgwoy Qro``nb Ro`dty Oaenlnstrotnfl.

    LGQRO sgfuma needanotdmy oaardss tgd

    jrfssmy-nloadquotd rff` brusg stolaora

    wgnbg ns ioamy nl ldda f` upjroanlj.Qgot obtnfl wfuma eohd surd bfl-

    suedrs govd obbdss tf tgd bfurts wgdl

    tgdy govd iddl goreda os o rdsumt f` o

    rff` brusg dvdlt.Os wd govd rdpfrtda

    nl prnfr nssuds, tgd burrdlt rff` stol-

    aora gos iddl nl pmobd snlbd ?>:2.Qgns

    wos id`frd RTPs idboed o bfeefl

    ola vdry pfpumor efad f` bflsuedr

    trolspfrtotnfl.Nl tgdfry, tgd rff` brusg

    stolaora ns suppfsda tf oaardss tgd

    so`dty f` vdgnbmds rff`s tf wntgstola

    prdssurd wgdl nlvfmvda nl rfmmfvdr

    obbnadlts.

    Os prdvnfusmy rdpfrtda, LGQRO wos

    rdqunrda tf admnvdr o rff` brusg stol-

    aora tf Bfljrdss iy Kumy ?, 9337.Qgd

    ojdlby goa iddl fradrda iy Bfljrdss

    tf strdljtgdl nts prfpfsda rumd idbousd

    nt ana lft snjln`nboltmy rdaubd mfss f` mn`d

    ola prdvdlt nlkury.LGQRO oshda `fr ol

    dxtdlsnfl ultnm Adbdeidr ?4,9337,ola

    tgdl rdvnsda tgd aotd `fr nssunlj tgd

    `nlom rumd tf Oprnm 23, 933>. Tladr tgdIusg Oaenlnstrotnfl, LGQROs so`dty

    rdjumotnfls tffh o iobh sdot tf bfrpf-

    rotd prf`nts. Gfpd`ummy, uladr tgd ldw

    mdoadrsgnp,LGQRO wnmm ojonl put so`dty

    os tgd ojdlbys tfp prnfrnty. Qgd `nrst

    fradr f` iusnldss sgfuma id tf `nlomnzd o

    strflj rff` brusg stolaora.

    Qgd Iusg Oaenlnstrotnfl prfpfsda o

    rff` brusg stolaora tgot nlbrdosda tgd

    oinmnty f` o rff` tf wntgstola o `frbd

    dquom tf 9.4 tneds tgd ulmfoada

    vdgnbmds wdnjgt, o stolaora omrdoay edtiy :3% f` afedstnb outfefinmd eolu-

    `obturdrs. Qgd prfpfsda rumd wfuma

    govd sovda ol dstneotda ?2 tf 11 mnvds

    fut tgd ?3,333 pdrsfls tgot and dvdry

    ydor nl rfmmfvdr brosgds, mdss tgol ?%.

    Ro`dty dxpdrts idmndvd tgns stolaora ana

    lft jf `or dlfujg idbousd nt wfuma stnmm

    rdsumt nl efst possdljdrs nl rfmmfvdr

    obbnadlts idnlj hnmmda fr poromyzda.

    Qgots ulobbdptoimd.

    Qgd prfpfsda rumd aurnlj tgd Iusg

    ydors omsf nlbmuada prddeptnfl mol-

    juojd tgot jovd outfefinmd eolu`ob-

    turdrs neeulnty rfe mowsunts, mdovnlj

    eolu`obturdrs mnttmd nlbdltnvd tf eohd

    outfefinmds so`dr.Qgd Iusg Oaenlnstro-

    tnfl omsf nlbmuada prddeptnfl mol-

    juojd nl prdoeimds tf so`dty

    rdjumotnfls `fr fbbupolt brosg prftdb-

    tnfl, snad-nepobt prftdbtnfl,sbgffm iussdotnlj ola ftgdr `nlom rdjumotnfls.Qgd

    Fioeo Oaenlnstrotnfl sgfuma rdefvd

    omm prddeptnfl moljuojd ola jnvd bfl-

    suedrs tgd rnjgt tf sddh kustnbd nl tgd

    bfurts.LGQRO sgfuma bfed up wntg o

    `nlom rff` brusg stolaora tgot wnmm sovd

    efrd mnvds, prdvdlt efrd nlkurnds, ola

    jnvd bntnzdls kust rdbfursd nl tgd

    bfurts. Tladr ldw mdoadrsgnp ot tgd

    ojdlby, N idmndvd o ldw rumd wntg o

    jffa stolaora wnmm bfed fut sffl.

    Rfurbd; OOK

    EOKFY OEOGOYGNLFYDBOMMEO GOPDBFEDQFFMOQD@FYEOL^

    Qgd Bflsuedr Srfaubt Ro`dty Bfe-

    enssnfl gos ollfulbda o eokfr rdbomm

    f` fvdr ?93,333 ^oeogo Ygnlf f``-

    gnjgwoy rdbrdotnflom vdgnbmds. Qgd

    rdbomm nlvfmvds omm Ygnlf 143, 003 ola

    :33 efadm vdgnbmds, wgnbg govd iddl

    mnlhda tf 10 adotgs ola gulardas f`nlkurnds. Ydpfrts f` sdrnfus nlkury ola

    adotg mnlhda tf tgns vdgnbmd govd iddl

    rdpfrtda snlbd 9332, mdovnlj eoly tf

    wfladr n` tgns obtnfl ns ol dxoepmd f`

    tff mnttmd, tff motd.

    Bfmd Sfrtns,wgf gdoas up fur nres

    Srfaubt Mnoinmnty Rdbtnfl, gos rdvndwda

    fvdr :4 ^oeogo Ygnlf rfmmfvdr bmones

    nl tgd post twf ydors. Bfmd ns bfl-

    bdrlda tgot tgns rdbommwgnmd o jffa

    `nrst stdp`onms tf oaardss tgd nlgdrdlt

    adsnjl `mows tgot eohd tgd ^oeogoYgnlf sf susbdptnimd tf mfw-spdda

    rfmmfvdrs. Bfmd rdeonls gfpd`um,

    gfwdvdr, tgot tgns jfvdrledlt rdbomm

    wnmm sdrvd os o wohdup bomm ola tgot

    oeogo wnmm rd-dvomuotd nts probtnbd f`

    puttnlj prf`nts fvdr pdfpmd.

    Obbfranlj tf ol f``nbnom ldws rdmdosd,

    tgd BSRB sto`` gos nlvdstnjotda efrd

    tgol 43 nlbnadlts nlvfmvnlj 10 arnvdr

    www.KdrdIdosmdyYdpfrt.bfe ?4

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    ola possdljdr adotgs rdmotda tf tgdsd

    twf Ygnlf efadms. Qgdy rdpfrt efrd

    tgol twf-tgnras f` tgd bosds nlvfmvda

    rfmmfvdrs, ola f` tgd rfmmfvdr-rdmotda

    adotgs ola gulardas f` rdpfrtda

    nlkurnds,eoly oppdor tf nlvfmvd turls ot

    rdmotnvdmy mfw spdda ola fl mdvdm tdrronl.

    Omefst needanotdmy upfl tgd Ygnlf

    dltdrnlj tgd eorhdt, rdpfrts f` rfmmfvdr

    obbnadlts wntg sdrnfus nlkurnds idjol.Qgd rdpfrts nlanbotda tgot tgd Ygnlf

    wos rfmmnlj fvdr wgnmd turlnlj ot

    spddas f` mdss tgol 93 epg fl vnrtuommy

    `mot jrfula. Qgd oeogo Ygnlf gos

    bousda o morjd lueidr f` advostotnlj

    rfmmfvdr obbnadlts mdovnlj oaumts ola o

    lueidr f` bgnmardl sdrnfusmy nlkurda,

    pdreoldltmy eoneda ola, nl sfed

    nlstolbds,adoa.

    Qgdrd ns dvnadlbd tf sujjdst tgot

    oeogo rusgda tgd Ygnlf tf tgd eorhdt

    id`frd nt prfpdrmy tdstda tgde.Orfula

    ?>>3,^oeogo eoad ol ojrddedlt wntg

    tgd BSRB lft tf prfaubd oly `fur-wgddm

    OQP wntg o stotnb motdrom stoinmnty `obtfr

    f` mdss tgol .7>.Idbousd tgd Ygnlf ns lft

    ol OQPiut nlstdoa ns o TQP oeogo

    ana lft govd tf bfepmy wntg nts ojrdd-

    edlt wntg tgd BSRB. Qdstnlj f` tgd

    Ygnlf vdrn`nda tgot tgd Ygnlfs stotnb

    motdrom stoinmnty `obtfr ns oifut .70,tgus

    eohnlj tgd Ygnlf mdss stoimd tgol oly

    OQP idnlj eolu`obturda.Nl mowsunts, ansbfvdry rdvdomda tgot

    oeogo wos oword f` prfimdes wntg

    tgd nlstoinmnty f` nts adsnjl nl 9339

    id`frd tgd Ygnlf `nrst gnt tgd eorhdt

    ola wos dvdl bflbdrlda oifut `uturd

    mowsunts os o rdsumt. @urtgdrefrd, nt

    oppdors tgot oeogo bflaubtda lf spd-

    bn`nb fikdbtnvd ayloenb tdstnlj f` nts

    vdgnbmds motdrom stoinmnty. Lf ayloenb

    tdstnlj wos pdr`freda adspntd

    oeogos hlfwmdajd tgot aurnlj sfed

    golamnlj fr pdr`freolbd tdsts, hlfwlos rullnlj tdsts, oifut 93 rfmmfvdrs

    fbburrda fl tgd Ygnlf prftftypd

    vdgnbmd. Bflvdlndltmy `fr oeogo,

    dntgdr lf afbuedltotnfl wos eoad f`

    tgdsd rfmmfvdr obbnadlts fr tgd afbu-

    edltotnfl wos ansborada. Lf nlstru-

    edltotnfl wos utnmnzda nl tgd tdst

    vdgnbmds tf rdbfra nl`freotnfl subg os

    obbdmdrotnfl, spdda,rfmmfvdr rotd, stddr

    nlput, fr tgd mnhd.Qgd vdgnbmd stoinmnty

    olomysns bflaubtda iy oeogo fl tgd

    Ygnlf adsnjl wos omefst dltnrdmy iosda

    upfl tgd suikdbtnvd ossdssedlt f`

    oeogos tdst rnadrs pdrbdptnfl f` tgd

    vdgnbmd. oeogo gos oaenttda tgot nt ana

    lft af oly ayloenb tdstnlj f` tgd

    Ygnlf tf sdd wgot wfuma goppdl tf

    possdljdrs nl tgd dvdlt tgdrd wos o

    rfmmfvdr. Nl ftgdr wfras, oeogo onmda

    tf af tgd hnla f` tdstnlj rdqunrda tfhddp arnvdrs ola possdljdrs so`d wgnmd

    rnanlj nl tgd vdgnbmd.

    Zgdl bfl`rfltda wntg tgd efultnlj

    nlkurnds bousda iy tgd Ygnlf adsnjl,

    oeogo tffh o wdmm-usda bfrpfrotd strot-

    djy, ola imoeda tgd bflsuedrs `fr tgdnr

    fwl nlkurnds, obbusnlj tgde f` usnlj

    ojjrdssnvd arnvnlj eolduvdrs. Qgd `fm-

    mfwnlj stotdedlt wos eoad iy ^oeogo;

    Zgnmd tgd Ygnlf gos iddl o rdmn-

    oimd ola vdrsotnmd vdgnbmd, sfedfpdrotfrs govd dljojda nl ojjrds-

    snvd arnvnlj (subg os smnanlj, shna-

    anlj, `nsgtonmnlj, fr afnlj afluts)

    fr eoad oirupt eolduvdrs (subg

    os turlnlj tgd stddrnlj wgddm tff

    `or fr tff `ost) tgot govd rdsumtda

    nl snad rfmmfvdrsdvdl fl `mot,

    fpdl ordos. Tl`frtulotdmy, sfed

    fbbupolts govd iddl sdrnfusmy

    nlkurda aurnlj subg rfmmfvdrs

    wgdl tgdy put tgdnr ores fr mdjs

    futsnad tgd vdgnbmd, rdsumtnlj nlbrusgnlj fr ftgdr nlkurnds.

    Nl oaantnfl, nl 933:, wntgfut oaent-

    tnlj tgot tgd Ygnlfs adsnjl wos ad`db-

    tnvd, oeogo eoad o spdbnom f``dr tf

    Ygnlf fwldrs tf rdtrf`nt `rdd f` bgorjd

    tgd fmadr efadms f` tgd Ygnlf (tgd

    9331-933: OQP efadms) wntg `rdd gom`

    affrs ola o possdljdr golagfma.

    oeogo gos omsf nlstommda gom` affrs

    ola tgd golagfma fl nts 9337 Ygnlf

    efadm.Qgd bfepoly bmoneda tgot tgdsd`doturds wfuma gdmp pdfpmd hddp tgdnr

    mneis nlsnad tgd vdgnbmd aurnlj o

    rfmmfvdr.Gfwdvdr, tgdsd adsnjl bgoljds

    ola rdtrf`nts ana lft oaardss tgd uladr-

    mynlj prfimde8 tgot ns, tgd ulstoimd

    adsnjl ola nts tdladlby tf tnp fvdr aud

    tf nts lorrfw wgddmiosd, nts gnjg bdltdr

    f` jrovnty, ola nts tfp-gdovy adsnjl.

    @nlommy, nl Eorbg 9337, tgd Bflsuedr

    Srfaubt Ro`dty Bfeenssnfl (BSRB)

    ollfulbda o eokfr rdbomm f` fvdr

    ?93,333 ^oeogo Ygnlf f``-gnjgwoy

    rdbrdotnflom vdgnbmds.Qgd rdbomm nlvfmvds

    omm Ygnlf 143,003 ola :33 efadm vdgn-

    bmds. N` yfu ldda efrd nl`freotnfl fl

    Ygnlf nssuds, bfltobt Bfmd Sfrtns fr

    Bgrns Jmfvdr nl fur `nre ot 733-7>7-9321

    fr iy deonm ot Bfmd.SfrtnsCidosmdy

    ommdl.bfe fr Bgrns.JmfvdrCidosmdyommdl.bfe.^fu bol omsf jdt efrd nl`freotnfl

    iy vnsntnlj www.yoeogo-rgnlf-mowydr.bfe.

    POYNDQ^F@ONYIOJRYDBOMMDAFPDYSFRRNIMDEOM@TLBQNFLR

    Qgdrd govd iddl o lueidr f` rdbomms

    rdbdltmy rdmotnlj tf `rflt onriojs fl tgd

    possdljdr snad f` vdgnbmds.Qgd bflbdrl

    ns fvdr pfssnimd eom`ulbtnfls f` tgd

    fbbupolt adtdbtnfl systde.Qgdsd ordsfed f` tgd rdbomms;

    Jdldrom Eftfrs; ?9,009 933> Boanm-

    mob BQR sdaols wdrd rdbommda fvdr o

    sf`tword prfimde tgot eoy ansoimd

    tgd `rflt-possdljdr onrioj wgdl nt

    sgfuma id dloimda fr vnbd vdrso.

    Lnssol gos rdbommda efrd tgol

    933,333 933:-37 Omtneo, 243[,

    Eurolf ola Yfjud ola Nl`nlntn DW24,

    J24 ola J2: vdgnbmds tf `nx o sdlsfr

    `fr tgd possdljdr-snad onrioj.Ol dmdb-trflnb bfepfldlt nl tgd ulnt nl tgd

    possdljdr sdot busgnfl eoy govd

    iddl eoad fut f` spdbn`nbotnfl.

    Lnssol ns omsf rdbommnlj ?0,204 9330

    Eurolf ola 9337 Nl`nlntn DW24 RTPs

    tf `nx nlbfrrdbtmy-prfjroeeda sf`t-

    word tgot eoy mdoa possdljdr-snad

    onriojs tf onm.

    IEZ ns rdbommnlj 933,333 9330 2

    Rdrnds ola 9331-30 4 Rdrnds bors ola

    9331-30 W2 RTPs fvdr bflbdrls tgottgd `rflt-possdljdr onrioj eoy lft

    adpmfy nl o brosg. Reomm brobhs bfuma

    advdmfp nl o sdot adtdbtnfl eot ola

    adobtnvotd tgd iojs iut obtnvotd tgd

    worlnlj mnjgt.

    Gyulaonns rdbommnlj 2>2,:?1 9330-

    37 Rfloto sdaols tf `nx o prfimde

    wntg tgd onr-ioj systde nl tgd `rflt

    possdljdr sdot. Qgd o``dbtda bors

    ?0 www.IdosmdyOmmdl.bfe

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    govd ol oavolbda systde tgot ans-

    oimds tgd possdljdr `rflt ioj wgdl nt

    adtdbts o bgnma-rdstronlt systde fr

    seomm bgnma nl tgd sdot.

    @fra ns rdbommnlj 1:3,333 9334-37

    Eustoljs tf upaotd possdljdr-snad

    `rflt-onr-ioj sf`tword. @fra soys nltdr-

    lom tdstnlj sgfwd