Archive for the 'Journalism' Category

Rep. Gingrich: Text of Special Order on “Freedom’s Future: The Free World and the Soviet Empire”

Given the conversation among Elliott Abrams, @RichLowry, Jeffrey Lord, and others about the March 21, 1986, House special order speech by Rep. Newt Gingrich, I figured I’d read the speech. I posted it below and added paragraph numbers to facilitate discussion. His comments on the need to move from the “Rayburn” political model to a grassroots political model were particularly interesting. See paragraphs 58-60. I started work in the Rayburn House Office Building the year after the speech, in 1987, and was a talk radio producer in 1994, after Gingrich helped build the grassroots model he envisioned — the model that ended 40 years of one-party-rule in the House.

Newt served on the House Administration Committee with my first boss on the Hill. I spoke with him several times while waiting to put him on @Michael Reagan‘s radio program. And I remember briefing him once while he was Speaker Gingrich: I was sent from the basement of the Capitol to the Speaker’s Office to bring him to a meeting with the Congressional Policy Advisory Board (strangely enough, this is Google’s first CPAB hit, dated two or three years after the meeting), and he asked me what the meeting was about. He seemed genuinely thrilled when I let him know that he wasn’t required to make a presentation, replying with something to the effect of, “that’s great. People ask me to talk too much. I like it when I have the chance to just listen.”

That might sound odd from someone who has given so many special orders and speeches over the years, but it would be difficult to fill up so much time with so much substance, such as that below, without doing a lot of listening (and reading and studying and thinking too). I disagree with Abrams’ interpretation of the 1986 speech, but am grateful he brought it to the world’s attention. Those who weren’t politically aware during the era and who haven’t studied the nuances of the 80s won’t get all of it, but Tony Dolan wrote a Wall Street Journal op-ed that yields perspective about how Reagan had to overrule his staff to implement his own doctrine.

The debate about whether it’s worth comparing individual candidates to Reagan isn’t worth revisiting, but Reagan had his GE speech tours and his personal filing system and Gingrich had his special orders and his insatiable desire to learn. Some commentators say backgrounds like those create “political instincts,” but, reading the speech below, I don’t think Newt would like that language. Instincts are for animals. Thoughtful language (see the Orwell citation in paragraph 38) is for people. Enjoy the speech:

REFERENCE: Vol. 132 No. 36

TITLE: FREEDOM’S FUTURE: THE FREE WORLD AND THE SOVIET EMPIRE

SPEAKER: Mr. GINGRICH; Mr. WEAVER

TEXT: The SPEAKER pro tempore. Under a previous order of the House, the gentleman from Georiga [Mr. Gingrich] is recognized for 60 minutes.

[1]               Mr. GINGRICH. Mr. Speaker, this special order and one other which will follow is on freedom’s future, the free world and the Soviet empire.

[2]               I want to focus on the reality of the Soviet empire, the Soviet transnational threat to freedom and security and the necessity for a sophisticated free-world response led by the United States.

[3]               There are three propositions to this analysis. First, the reality of the Soviet empire, the Cuban colonial army, and a transnational strategy for tyranny. Second, the need for revolution in American ideas, in American political understanding, in American policies, in American institutions to match on the side of freedom this transnational Soviet imperial threat. Third, the degree to which the Reagan administration as well as the Congress and the American people has failed to understand intellectually the scale of the Soviet transnational threat and has failed to develop a response of sufficient power.

[4]               Let me expand: Continue reading ‘Rep. Gingrich: Text of Special Order on “Freedom’s Future: The Free World and the Soviet Empire”’

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On the Other Side of Transparency Street

A brilliant classmate at Northwestern University on his way to medical school used to break into “On the Sunny Side of the Street” every once in a while. I don’t remember exactly why, but it’s a wonderful memory.

And I’m not sure why that comes to mind now, but there’s probably a cognitive relation among the ideas I’m pondering about transparency and understanding. The hackneyed metaphor of sunlight as a disinfectant and my time at the SEC are probably related.

Ever since deciding to study journalism at NU nearly three decades ago, a big idea in my life has been Continue reading ‘On the Other Side of Transparency Street’

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My Fortune.com Piece: California Sunshine for Shadow Banking

New Fortune.com managing editor (and ’95 Medill grad) Daniel Roth (@danroth) gave me a chance the other day to write a guest column on transparency and financial recovery and XBRL. It’s now here.

Thanks to another Fortune.com editor, I’m reminded of a lesson Continue reading ‘My Fortune.com Piece: California Sunshine for Shadow Banking’

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Local Investing Can Build Global Markets

I’ve been the strongest possible advocate for global free trade ever since my Soviet Economic Institutions professor diverged from the syllabus to draw Ricardo’s theory on the board and prove unequivocally and concisely that it makes everyone better off. I still am. Dennis Santiago, however, makes strong arguments for local investing for California and Los Angeles — and good news: they don’t contradict the case for global free trade. Continue reading ‘Local Investing Can Build Global Markets’

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Davos Mistakes about Securitization

I watched a C-SPAN replay tonight of a Jan. 29 panel at Davos in which five industry leaders pontificate about the future of the world. This was after tonight’s 60 Minutes lead report on the exclusive Davos gathering. The 60 Minutes report was as good as ever, but a failure of vision makes itself apparent in the Davos C-SPAN tape.

First, the CEO of a global bank, in response to an all-too-polite question about why the financial sector isn’t moving toward XBRL technology to support transparent securitization, dismissed the question with a statement to the effect that it failed to consider the “quality of the assets” — implying that only the most revered debt securities can hope to return to marketability.

Paternalistic balderdash. Continue reading ‘Davos Mistakes about Securitization’

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My Davos Contribution: How Finance and XBRL Can Restart Sustainable Growth

BRUSSELS–As I’m enjoying outstanding Belgian cuisine with the family of a CLOUD, Inc. colleague after a day of meetings about how computer standards can improve the clarity and efficient use of information and provide for more accurate evaluation of the trust that one might place in information, a 500-mile drive south of here the world’s financial leaders are contemplating the future of finance.

My hope is that my modest contribution (Chapter 2.1, page 68) to a book published at the World Economic Forum in Davos entitled “Trust Meltdown: The Financial Industry Needs a Fundamental Restart” finds its way into enough reading stacks of enough of those in attendance to make a difference. Continue reading ‘My Davos Contribution: How Finance and XBRL Can Restart Sustainable Growth’

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Commented on “A VC”

The Dragon App for the iPhone works pretty well too — it seems faster and almost as accurate as V10 of the full program on my PC, although as someone who was trained to write on a keyboard, I’m more comfortable typing — even though I think my writing may sometimes be better when it’s dictated first and then manually edited. Continue reading ‘Commented on “A VC”’

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