worldeconomics.net -what futures do you want to design the way the world values 7 billion beings

 Do You Love Economics? Why shouldn't economics be about how a generation celebrates wonderful jobs and collaborates around the most human of milllennials goals?

 Take ths short video tour - of why not pro-youth economics:

WB-plutocrat

1stFollower

Ashden2

OnceGen 

Chat Yunus 1/100 

Join thousands of students on the Road to Atlanta Nov 2015 , and help celebrare the curriculum of the top 10 world record youth job creators

Yunus

Abed

Kim

Munro

Belcher

Gandhi-Lucknow 

W4E

APM 

Soros

rsvp chris.macrae@yahoo.co.uk if you can help guide youth round missing curricula of bottom-up economics and massive collaboration -eg sample

 

 

What if you and yours could be freely educated by the
10 people who want the net generation to create the most and best jobs humans have ever served
- and that this also depended on 7 billion human beings collaborating to end poverty? 
 

2030nowjimkim2transcripts.doc, 40 KB  #2030now   

help us catalogue job-creating solutions at BRAC

and inspired by Yunus: 1 with leading partners, 2 by city,  with millions of poorest global village families 

 

W4E/F4D -

videos 1  2  3 

 

summary of

maharishi uni.doc,

556 KB 

 

GlobalDreamRealised- Lucknow @ 60 -astonishing solution  an average illiterate person can learn to read to a newspaper within a month or so with just 10-20 minutes of time investment per day. They do not need a teacher, or a classroom, or fixed timings. They do not have to spend 3 years to start reading. Anyone can become a mentor and they can learn anytime, anywhere with anyone’s help and quickly"

............................... 

 
 4 June 2014
 Can Washington DC's WEEK OF MICROCREDIT RE-EXAMINATION LEAD TO MILLENNIAL RELAUNCHES ALL OVER THE PLANET?
Over 50% of millennials live in Asia Pacific  - their message to US millennials from Beyond Capitalism conference at University of Tokyo last week: IF NOT NOW WHEN?

So Does anyone have an uptodate circulation list of student microcredit chapter coordinators and if so is there a message worth sending out?

On june 16-17 2014 usaid hosts a 2-day online jam on everything its learnt about microfinance
On june 21 the Ethiopian Diaspora (Dc's biggest African diaspora) hosts a day long summit benchmarking value chain models from the viewpoint of world's poorest farmers -contact Tebabu
Through June 21-24 the annual summit of results is hosted with amazing keynotes on June 22 and June 23 including Jim Kim -before he became ceo of world bank jim kim adopted porters value chain model to transforming how pharma innovated hiv drugs- I have no doubt at all if jim kim was free to catalogue value chain transformations of every market sector currently chaining poverty, the race to end poverty would be winnable by millennials
 From: Brian Weinberg <bweinberg09@gmail.com>
To: AC AS AO ehr RB NM KB CT TD  
Sent: Thursday, 27 September 2012, 21:06
Subject: Re: Yunus Event (September 28) - 10 Student/Young Professional Leaders

Are you excited? I know I am.  Here are a few last minute details:

meetYunus/Bhiuyan in the Green Room at 2pm. Each of you have a ticket to the 3pm event 
See you soon, Brian

On Tue, Sep 25, 2012 at 10:13 AM, Brian Weinberg <bweinberg09@gmail.com> wrote:
Dear Dr. Biuyan, Sylvia, and Chris:

In gearing up for the Yunus event this Friday, I wanted to share the impressive bio's of the student/young professional delegation with you.  Find them here. Sylvia, can you make sure these names get on the list as discussed?

I had the honor of seeing Yunus yesterday at CGI and am super excited to engage in this dialogue with everyone.  

This Spring's world bank live concluded with Jim Kim and Bank ki-moon asking millennials to post in their own benchmark solution to the world bank for next spring; in november 2015 the great and the good ot atlanta with muhammad yunus and 15 nobel laureates ask for as many as 10000 millennials to pitch their solutions or come and make a "khan academy" of what can be actioned learned about microfranchises or linkin  with whatever processes take post 2015 millennium goal investments and designs back for and by millennials - in parallel the UN and ITU are convening a semi-permanent to end 2015 forum on how millennials can partner with their post 2015 goals

What's the very least we can do? If you know a student chapter leader of a microcredit or social business clubs 2014-2015 why mot ask them to submit on one page what they would need for nov 2015 atlanta summit to break through all the muddle of not having a benchmark curriculum of how bangladesh since 1972 actually designed its bottom up solutions -send them to me chris.macrae@yahoo.co.uk and I will bind them up and make sure yunus and every host in atlanta has a copy at their final summit rehearsal 27 september 2014

If someone has a simpler or more effective idea please reply now . In parallel you can also make your kark at the relatively new yunus-out of dhaka launch of www.socialbusinesspedia.com 

cheers chris macrae www.worldeconomist.net volunteer connector of youth summits
washington dc 301 881 1655 skype chrismacraedc
co-author 1984 of The Economist's book on the 30000 microfranchise search needed to sustain the net generation and the millennium goal mediation processes that public mass media and online new media would need to support for microeconomists to achieve their end poverty purpose

----- Forwarded Message -----
From: USAID's Microenterprise & Private Enterprise Promotion Office <microlinks@microlinks.org>
To: chris.macrae@yahoo.co.uk 
Sent: Wednesday, 4 June 2014, 18:14
Subject: Speakers Corner June 16-17 | Building on the Past, Shaping the Future of Financial Inclusion for All



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Like Speakers Corner June 16-17 | Building on the Past, Shaping the Future of Financial Inclusion for All on Facebookshare on TwitterForward
USAID logo
HOSTED BY USAID'S OFFICE OF
MICROENTERPRISE AND PRIVATE ENTERPRISE PROMOTION
MPEP Speakers Corner:
Building on the Past, Shaping the Future of Financial Inclusion for All
June 16-17
Online Event
Day 1
Learning Across the Decades
Day 2
Emerging Pathways to Financial Inclusion
   Discussion Facilitators:
   
    
ANICCA JANSEN
Former USAID/E3/MPEP 
  
JENNEFER SEBSTAD
USAID/E3/MPEP
 
   
 
KAY MCGOWAN
USAID/IDEA
  
JOSEPH OBI
USAID/E3/DCA
JOIN US...
Join this online discussion on June 16-17 as USAID, industry experts, and microfinance practitioners explore the learning across decades of work in microfinance and examine the emerging pathways to financial inclusion. We look forward to hearing your experiences, learning, and ideas for moving forward. We invite our participants to share experiences about their organizations' most impactful program or success story, significant lessons or challenges with working in microfinance, and burning issues that the microfinance community has not yet tackled. To close, we will also consider emerging pathways to financial inclusion.
With increased productivity and higher profits, Abebow can afford to send his children to a better school.The success of USAID’s investments in microfinance since the late 1960s was fundamental in building today's trillion-dollar microfinance industry and inclusive finance global movement. Over the past several weeks, USAID revisited its role in the microfinance evolution through our "Studying the Past, Looking to the Future" blog series. To wrap up this retrospective, USAID will host a Speaker’s Corner on June 16-17, 2014. 
 

About Norman Macrae Family Foundation for Youth Journalists of Economics and Open Education - 6 generations of our international scottish family have been concerned with
questioning who's economics and who's policy are ruling how the first net generation's 7 billion livelihhods are spent?
Freedom example: valuing equality's rights how do women, youth and the poorest get as much voice over their futures as men, old and richest?
 
 

economic policymakingYouth Capitalism choices Road to Atlanta Nov 2015 courses -  twin job creating capitals NETGEN social movement

MOOCYUNUS: -64 Trillion Dollar Question - that's what capitalism is currently worth a year- Twin Your City with DC-Atlanta Race - can thousands of youth unite one open edu curriculum of future capitalism before thousand of Profs siloise it?  

 

YOUTH Invite economists to discuss any wrong turns since 1758

 + Add Tag
Being an internationalist Scot interested in systems designed to opitimalise all humans (notably sustaining  all our childrens) livelihoods (productive freedoms as entrepreneurially described in opening lines of 1776 declaration of Independence) I suggest rewinding to 1758 when Adam Smith published theory of moral sentiments . Q1 To integrate every cultural viewpoint please tell us of other starting points for exploring open systems -eg Yin & Yang Exercise 1 would you vote for or against von hayek's assertion that one of the 10 most dismal things after world war 2 was the way the Nobel Prize siloised the Yin of Peace from the Yang of economics (twitter about what consequences of mastering valuation and professionalism spiralled from separating these 2 types of system designers?)
 
My father Norman Macrae spent his last days as teenager navigating airplanes over modern-day Bangladesh. He survived, went up to Cambridge to be mentored by Keynes. Keynes' last few pages of General Theory define economics to be blended with designing peaceful futures- he specifically says because "increasingly futures are designed by economists" the greatest risks to the futures of next generations are elderly economists who either make an erroneous assumption in their system of rules, or where innovation changes the rules. Q2 have you ever been taught not only how to administer a system of rules but also to ask whether the system is reaching the limits of its sustainability? If so do you know of a case where the professionals who operated the system led the change-over to a new system exponentially ahead of time?

After Keynes my father worked as The Economist's pro-youth economist. 
http://normanmacrae.ning.com/forum/topics/norman-macrae-books-surveys
In his 1972 survey of the next 40 years he called for a review of all the short-terms fixes that politicians and economists had made before the net generation emerged at start of the 21st century in the midst of the greatest media and productivity revolution our human race has ever explored. Without such a review the survey predicts total meltdown of the global financial system in the 2010s. Q3 my daughter inspired by those such as Muhammad Yunus twinning future capitals along  Road to Atlanta Nov 2015http://youthcreativelab.blogspot.com has started up a blog http://21herstory.blogspot.com - if you do find a macroeconomic rule that you feel the poorest women have a right to ask the world to reconsider please come and co-blog it

What are the system designs that jobs creating youth might want economist to revalue urgently? Here are some of my favorites - Q4 what are yours?

First wont many of us as knowhow networkers want to opitimise our virtual/worldwide poroductivities not just those confined within a single nation's borders? If so how does the professor's opening framework linkin that? 

Second,
https://www.youtube.com/user/yunuscentre
 if economics is to represents the productivities and demands of 99% of people not be commissioned as the vested interest of 1%, isnt it better to adopt the Keynes view that economics devalues itself as soon as it becomes politically tribal or mediated by big moneys vested interests?

Third whenever you look at an economic framework- ask (as any mathematician is honor bound to do) what choices it actually censors out from even questioning the human worth of. Some that concern me most in helping hosts twinning youth jobs summits across capitals (what world bank jim kim calls the defining social movement of the net generation) are:

--why are all currencies designed by governments - what we see from the most inspired digital experiments of ending poverty is cashless banking which could be sustained by a worldwide youth currency

--collaboration (way above zero-sum models)
http://innovations.ning.com
 is the open source advantage of the net generation - how are its dynamics represented in any ruling  economic model; and more specifically does the model wholly value how knowhow can multiply value in use unlike the industrial age scarcities caused by consuming up things 

--it becomes pretty clear that old economic models are framed to make the case that abundant/renewable sources such as open education and solar are "not economic". BUT in the world I want my daughter to live in any such model is not merely as inconvenient truth -dismally it turns the economist into a less trustworthy character than my profession as a statistician is dubbed with (liars, damned liars, and S)

Ending much more joyfully, I would recommend www.ineteconomics.org as a benchmark - its the bright side of Europe's east today 
https://www.youtube.com/watch?v=BU1qSQzTN7k
its the bottom-up billionnaire George Soros' invitation to youth to rethink economics from the ground up, and why shouldn't khan academy's next theme help with that in such a way that Open Society, Open Source, Open everything possible is valued the way nature does in selecting who are to be the players on her whole planet
 

 

43rd year of Charter of Entrepreneurial Revolution

We would love to hear from you if you value spreading this 21st c curriculum of economics started in The Economist 1972 (codename Entrepreneurial Revolution)

VALUING MICRO SYSTEM DESIGN

The greatest investments humanity makes are not through its largest organisations but in its children through families - and where they lack capacity or happiness through supporting community

What's your dream world- the 7 wonders of ER are:

 Where education is job-creating, open and frees youth's to explore their livelihoods

 Where media chartering is smart connecting a planet around collaborative innovation of  sustainability solutions every community may need most to empower -linkin open society and open source technology and digital networking's death of distance

 

WHO DESIGNS FUTURES WHO

We adopt the Keynsian mindset that economists systemically "design/compound futures.' More than any other expertise they need to value the hippocratic oath of do no harm. The number 1 job of the economist is to end poverty of the sort that fails to invest in each child's freedom to be productive

 

Where public servants rule-driving professionals are connected around whole truth search for ending inequality and capital structured around family savings for next generation's jobs, as well as win-win trades with neighbours

Where clean food, water, energy, pathways to zero-waste are locally accessible to all

43rd year of Charter of Entrepreneurial Revolution

 We would love to hear from you if you  value spreading this 21st c curriculum of economics started in The Economist 1972 (codename Entrepreneurial Revolution)

 VALUING MICRO SYSTEM DESIGN

The greatest investments humanity makes are not through its largest organisations but in its children through families - and where they lack capacity or happiness through supporting community

 

WHO DESIGNS FUTURES WHO

We adopt the Keynsian mindset that economists systemically "design/compound futures.' More than any other expertise they need to value the hippocratic oath of do no harm. The number 1 job of the economist is to end poverty of the sort that fails yo invest in each child's freedom to be productive

 

POST-INDUSTRAL REVOLUTION

The coming communications revolution of the net generation offers 10 times more for  humanity to win or lose than the industrial revolution with its wars over who and where should participate in 200 times more health and wealth than 1800.

 

Principles of Entrepreneurial Revolution:

 

 

 

What's your dream world- the 7 wonders of ER are:

 Where education is job-creating, open and frees youth's to explore their livelihoods

 Where media chartering is smart connecting a planet around collaborative innovation of  sustainability solutions every community may need most to empower -linkin open society and open source technology and digital networking's death of distance

Where public servants rule-driving professionals are connected around whole truth search for ending inequality and capital structured around family savings for next generation's jobs, as well as win-win trades with neighbours

Where clean food, water, energy, pathways to zero-waste are locally accessible to all

Where basic health services are locally available and innovation is valued around search for extremely affordable

Where next  global village infrastructure enabling local to local trade for 99% of people isnt party political but benchmarked from round the world examples

Where peacekeepers and economic mapmakers are blended in agreeing whatever sector you spend your life practising service in most is led by the purpose that most progresses the next generation's lot. Where every possibility to model way above zero-sum is assumed to be the innovation net generation are invited by elders of every culture to joyfully explore. Where the human race to poverty and unemployment museums becomes United.

 

 

 

 

 

 
 

 

queries - info exchanges welcome - chris.macrae@yahoo.co.uk washington dc region 1 301 881 1655

 

 

What I like to do most of all is swap stories of Capitals that are open-society collaborating in youth futures (livelihoods rising communally) - after all isn't that what the worldwide web was designed by world changer Berners Lee for?  As an internationalist Scot I came to Washington DC 18 years ago (accidentally as my wife and then my baby daughter wanted to study here).. Maybe I have been looking in the wrong place, but largely I would say this lobbyist's epicentre and relic of 20th C superpower ranks near the value multiplying bottom of capitals helping youth to change the world. Dont misread me- of course Wash DC has huge resources and arguably number 1 brand for helping youth but it is dominated by the segment of economists Keynes feared most as destroyers of youth futures (if while you are a teenager only ever read one extract by an economist I would recommend the last 3 pages of Keynes General Theory)

However there have been a few extraordinary signs recently so I suggest if you post - on DC or your capital - you just list the positives:
3 World Bank youth summit cheered on by JIm Kim and seconded by UN Envoy for Youth  (love this plea for the next social movement https://class.coursera.org/changetheworld-001/lecture/33 )
2 Blessed Coffee's The best value chain map for calling the world of 200000 poorest African farmers I have ever had the privilege to audit
1 Being invited to judge a youth Entrepreneur competition animated out of Tuskegee University- a university founded by the former slave Booker T Washington. This being a part of a world series of events where a whole region is asked to "listen to your youth's most entrepreneurial pitch" connected by youth's favorite job creating economist Muhammad Yunus (his DC meetup on this being here and this change the world finishing line for celebrating youth's 2015 millennium goals converging here)

Proposal- Why not celebrate 170th birthday of The Economist with an open learning version of
Norman Macrae's Pro-Youth Economics Curriculum - Entrepreneurial Revolution?
 

<

2013 year of MOOC

...

Norman Macrae Foundation

5801 Nicholson Lane Suite 404 N.Bethesda MD 20852

Tel  301 881 1655     email  chris.macrae@yahoo.co.uk

www.microeducationsummit.com

http://normanmacrae.ning.com

plus 100 webs of global village youth networks

2013 year of MOOC

1972 year that The Ecinomist's pro-youth editor first sees experiments of youth sharing knowhow on a digital network and launches Entreprenurial Revolution to map, value, invest net generation's 3 biullion new jobs

 

Keynes ended his life's opus "General Theory" with: Now that we know that the world will increasingly be ruled only by economics, what values do we need to design into economics?

 

This was arguably the most important maths question ever posed although Einstein and Von Neumann also worked on synergetic quesries.

 

  • Choose the right values and economists ill help people design futures that most of our human race wants most,
  • Choose the woing values and economists (and other ruling professions) will be perfect at destroying human futures

 

Keynes chose to answer his question : make sure your system designs are pro-youth - ie investing in next generation's productive potential to improve the human lot out of every community.

Norman Macrae Foundation www.NMfound.net

www.microeducationsummit.com & www.considerbangladesh.com NMfound education and journalism projects since 2008; www.worldclassbrands.tv a NM found leadership valuation project since 1988

5801 Nicholson Lane Suite 404 N.Bethesda MD 20852Tel 301 881 1655 email chris.macrae@yahoo.co.uk

Using that logic my father (Norman Macrae) The Economist's editor of pro-youth economics for most of te sceond half of the 20th century, proposed the genre of Entreprenurial Revolution in The Economist to integrate debates of the most exciting goals the 21st century could be born with immediately after his life-changing introduction to youth sharing knowledge around a digital network in 1972.

 

A secondary question of deep mathematical priority is : having chosen the value that you wish man-made systems to be ruled round, what other values correlate positively and which values have negative correlations (ie can only destroy the value you chose to compound the future round)?

 

Here are some positive and negative associations with pro-youth economics. What this means is if you find yourself being governed by a system that stimulates any of the columnised behaviours and mindsets you are likely to be spun around all of the ones in the same list.


Pro-Youth
.,Devalues Youth,

Multiplies goodwill, transparency and sustainability of all communities.
Mutiplies badwill, hidden conflicts and exponential loss of sustainability starting with places that already have the least resources for youth to grow up safe and smart

 

Relentlessly and optimistically explores for next gamechanger toward win-win-win

Spends ever more money chaining peoples to lose-lose-lose and rules over fear of change even while claiming to celebrate progress

 

Celebrates bottom-up and open wherever media innovation offers a choice

Gives away the commons to ever more big brother- command and control, and divide and siloise

 

Thrives on linking in all the positive emotional intelligences- love hope trust happiness

Breeds such emotional cancers as hate , distrust, depression and loss of hope

 

inspires cross-cultural self-confidence before adolesence

represses cross-cultural self-confidence

Economics -man-ruled global system design - spirals exponentially in one of 2 opposite directions. There is no halfway answer to the question: what futures do you wish for the human race to invest in? For that reason we urgently recommend that Keynes Last Question should also be introduced in through open worldwide curriculafitted for every grade from 3rd (8 years up).

 

Since 1984 we have been mapping which education entrepreneurs agree with this need - rsvp chris.macrae@yahoo.co.uk to share searches that map the left-hand journey throigh the 21st C and the most exciting goals humans conceive of co-producing. In 2010 we have a million times more collaboration technology than when man raced to the moon. LET IT BE www.worldeconomist.net

www.worldeconomist.net nobody who calls themselves an economist can afford not to explore social business modelling. This is because its models represent investment banking in the next generation while standard mba models and wall street models represent "the big" of past generations. Social business models value questions that were literally unthinkable before digital technology. For example, before digital cash, the developing world was one where over half of youth would grow up never to use a bank account because non-digital transaction records cost more than the transaction sizes they start trading with. Whether your country chooses digital banking regulations that are pro-youth or anti-youth will likely explain more peoples' growth or destruction over the next decade than any single innovation challenge. Help include youth's voice in this debate at http://innovations.ning.com The most entrepreneurial dialogues I have so far found on digital cash come from Japan and what I call the ABC regions - Africa, Bangladesh, China - where do practice labs of digital cash entrepreneurs excite you most 

The Opportunity of Economics- to design futures peoples want; the risk of economics to destroy futures peoples want 
most exciting newspaper journalist of last 75 years - believe my dad was - download leaftet on norman macrae - since he died in 2010 I search as hard as anyone for a modern contender!
almost from adam smiths first words came the warning - keep economics free to be all the peoples subject  - not a few top-down experts- Today's nightly news is being monopolised by experts in destroying youth's futures - this web welcomes ideas on how to return democracy, youth and diversity to economics, but norman also suggested a simpler way may be to choose one practice area (market sector) whose future you are passionate about questioning- what could its most exciting purpose be for the whole human race to unite round co-producing? chris.macrae@yahoo.co.uk

download leaflet - Entrepreneurial Revolution -Norman Macrae's celebration of purpose of internet generation since 1972

Most Exciting Pro-Youth Purpose  Case - you tell us rsvp chris.macrae@yahoo.co.uk
 Most Exciting Investment Banks The 2 Bangladesh Banking systems representing 15 million poorest village mothers  -download norman's last article (2008) on how to learn from hi-trust banking so as to prevent quintuple dip recession thru 2010s
 Most Exciting USA Companies

 Interface - even a carpet manufacturer can profitably lead by planning to get to zero carbon footprint

wholefoods- promotions most loved by employees mainly create a doubling of million jobs supported in developing world every 4 years thanks to al at http://wholeplanetfoundation.org

 Most Exciting Universities

 Highly resourced MIT - greatest job creating alumni network in world

Lowly resourced - south africa free university movement of mandela partners organised by www.taddyblecher.com

 Most exiciting broadcaster www.africa24tv.com searching 40 industries and hi-trust industry leaders african continent needs to be self sufficient in
 Most exciting economic models Japan - created most win-win models of world trade ever seen including revolution in manufactiring quality and start up of whole asia pacfific region
  
  
  
  
  
  
  
  
  
  
  
  
  
  

example

SAVE EUROPE IDEA 1 - Ideas welcomed by JSB

Why not issue Euro2 by printing 5% more euros but inxex Euro2 to a basket of worldwide countries with the lowest youth unemployment

The only banks allowed to start loan chains with euro 2 invest in people's productive lifetimes , not property or conspicuous competition, they have a track record of 95% + payback of loans as well as minimal use of lawyers and collateral in their relationships with small enterprises. We believe the EU's project Jasmine has the knowledge to select banks with this pedigree.

SUSTAINABLE INVESTMENT POLICY

In the future, when Euro2 is invested in large corporations, the board must havethe transparency to measure goodwill as auditing a multi-win model

these win-win-wins celebrate a combinatorial pattern

owners are not interested in short-term extraction but long-term win-win-wins

turnover of employees is low because employees trust the organisation is investing in their working lifetimes

purpose of company is aligned with what youth vote the greatest responsibility for the sector to be

local societies trust the company to live up to not destroying natural or human capital , and not causing any cross-cultural conflicts

these companies demand that business partners show their own goodwill auditing so that no risks are compounded at boundaries between organisations -the most essential innovation a networked world needs every profession to transform its rules round to be sustainable

such a network of companies does exist - they eschew phony capitalism and call their values conscious capitalism

this metric of goodwill was proven by eu intangibles research 2000 -2003 to be missing; this research showed that corporations that did not do this audit would compound risk unseen; brussels ended funding of this research saying politicians believe that adopting this audit is not an issue that gets votes and won't be until we have at least 3 european enrons in on year. Europe has now suffered far more than that - the reason auditing goodwill hasn't been adopted is that it conflicts with the way big bankers, and the politicians they lobby, reward themselves - but that's what youth needs in any country that is to invest in pro-youth economics;

research shows that hi-trust goodwill auditing will also conflict with

  • companies whose marketing spend huge ad budgets so that image is more important than reality but that's what youth needs;
  • leaders who outsource the risks their company knows most about but that is what youths futures need

when they invest in community-replicated service franchises, they do the sort of due diligence reported by investors in social impact bonds at the EU conference november 2011 and the issue of Euro2 calls for a complete Europe-wide portal of such franchises being accessible for all Europeans to see at communal and individual levels of transparency and entrepreneurial empowerment. Where countries have public broadcatsers they should be given first rights to reporting god news from this portal

Our journal welcomes nominations of organisations whose business model includes transparent goodwill auditing carried out at the same performance cycles as cashflow auditing but reported in terms of what exponential trajectory the company si compounding into the future - sustainable up because no conflicts are entering into the multi-win model, at risk of turning exponentially down as conflicts are appearing and not being resolved by leadership and company-wide actions

video of inauguration of yunus as youth's favourite economist at London School of Economics http://www.youtube.com/watch?v=V2lXpKq_Jqw&feature=youtu.be

The famous economist, Maynard Keynes, became a very concerned person at the end of his life. Would economics end up as a schizophrenic discipline? His general theory proved that the world would increasingly be ruled only by economics. Power can be used to good or bad ends, and the latter could be the fate that fatal conceits of macroeconomists globalised.

 

Between 1843 and 1943 the centenary biography of The Economist shows that economists were united around trying to improve the human lot by improving productivity of youth out of every community. After world war 2, western economists increasingly hired themselves out to political chicanery, often accidentally being sponsored by the big gets bigger, the speculative more speculative, or the political more bossy, or the media man who values perceptions over realities. By the end of the 20th C , like Gandhi’s decent Englishmen who ruled the Raj in the 1920s most guru economists did not understand how many conflicts their top-down models were destroying people’s productive lifetimes and sustainability of communities at the ground level

 

The bad news and the good news of being ruled by the world’s greatest maths mistake (badwill economics instead of goodwill economics) is that only by changing the maths can the extraordinary power of networking technology spread sustainability solutions and youth employment through all the world’s communities. We have entered the 2010s with Moores Law doubling every year or two the errors of disinvesting in youth, as well as the last few years window of opportunity for reversing the human race’s trajectory back to a sustainable world.

 

THE MOST EXCITING TIME TO BE ALIVE

Join us in mapping how to connect every community In making 2010s youth’s most productive decade.

 

Where can you click to see 10 times more economic community models that you could transfer to maximise youth's productivity anywhere that matters most to you and yours? My father chronicled this forbidden question over 60 years including 40 at The Economist. http://normanmacrae.ning.com/forum/topics/norman-macrae-books-surveys His last 2 tips would be to consider bangladesh's first 40 years as a free nation and to celebrate african idols. We can also search by vital practice areas such as:

joyful bankers

job creating and pro-youth educators

green energisers

conflct-resolving professionals who value multi-win models in ways that are simple enough for all to celebrate

healthcare workers who want everyone to be able to afford the most productive life

Nigeria Flying Doctors Dr Ola Orekunrin www.flyingdoctorsnigeria.com

Nigeria and region : Rapid response urgent medicalThe story of how and why a London-Nigerian girl fell in love with healthcare and flying. By 25 Ola was west africa’s first flying doctor. As she says when your passion leads you to do something visibly worth spending your life on - the first followers that celebrate you are absolutely pivotal. MIT wants to start up a female entrepreneurs course and alumni net around her.

those who design hi-trust media or tech or invest in youth's most exciting goals

 

Genius Economist of 2010s: Informally Congress Votes, Wash DC Sept 2010

Home of  2010s Microceonomics Survey- Youth’s 30 most exciting worldwide projects
upcoming conferences where survey will be present Oct2011 Atlanta 1200 JobCreation Brainstorm; Oct 2011 Media Literacy 1000 youth and parents Bethesda;  Oct2011; MIT Hi-tech for developing economies; Nov2011 Spain 15th microcreditsummit 
  Survey Top 30 www projects: most exciting in raising net generation productivityRSVP chris.macrae@yahoo.co.uk tel wash dc 1 301 881 1655 http://normanmacrae.ning.com
e11.1 Literacy and cross-cultural confidence of every girl and boy by adolescence 
e11.2 Financing freedom of every girl and boy to find their own income generating competence either by staying on to secondary schools designed round this goal are by offering valuable work experience from the productivity and sustainability viewpoint of the adolescent
 
e11.3 Changing the process of education from examination to inquiry – New Zealand has a 27 year long lead in this that 10 million Chinese parents also celebrate – see
www.thelearningweb.net 
e11.4 Help world citizen schools cross-culturally report what millennium goals their young people (and parents) vote for. Clarify which demographics identify the most differentiated goals and help educators evaluate where these diverse views are opportunities and risks. Launch a wiki to focus on risk mentoring networks
 
e11.5 Starting every university year in every region with a statewide job creation brainstorming by and for youth celebrated by that place’s best businesses and the most joyful principals
 
e11.6 Identify –and celebrate - ever peer to peer educational model that works on action learning contexts eg Oz's 10000GirlsTestBanks. ( Yes You Can help youth value the experience of what you can teach is also what you have the most flow to practice)
 
e11.7 Using open course ware so that university models that create the most jobs are celebrated – it is fortunate that MIT is the leading host of open course ware, if viewed as a nation would be 11th in creating jobs, and has the www advice of Tim Berners Lee.
 
e11.8 Replicating free university models –funding apprenticeships of those with capacity and will to serve the most life critical needs in the places where poverty museum races are most needed
 -eg we can End Nurseless Villages by making training nearly free for any industrious girl who would love to have nurses knowhow
e11.9 Informalise professional knowhow value exchanges at community levels- eg mobilize a social business job agency owned by semi-retiring nurses and that region’s old people from which ambulance chasing lawyers are constitutionally excluded

e11.12 Adapt tv quiz shows such as BBC’s mastermind to specialist subjects limited to re-investigating what we know about learning – for example what team of Gandhi, Montessori and Einstein discovered. (Technical reference – see Grounded Theory for the communications protocols for completely re-examining any conventional knowledge)
 
e11.13 Host a dragons den or shark tank but for social businesses designed to solve gaps in actioning millennium goals
 
e11.14 Host “The Apprentice” not with Donald Trump bu for the first world bank leader that wants to coordinate beyond Aid projects
 
e11.15 The Queen Elizabeth worldwide schools project- invite essays from children around the world as to whether there is a more exciting way for the 10 biggest corporate spenders on the Olympics to spend promotional monies than the many billions they will spend on tv advertising round London Olympics
 
 

e11.16 Vote for 3-5 most exciting banking models microcreditsummit participants have ever come across. Develop a Q&A presentation on each model that is online and everyone knows where to discuss. Viralise through youth and womens network until this is anumber 1 bookmark on web
 
e11.17 Provide one bookmark for ongoing debate of what are we are learning between the battle to bank the first billion people by mobiles between the 2 opposite sides; those who want this race to be won by worldwide community and open ownership; those who want the race to be won by one group of owners who appropriate the value of such an infrastructure for themselves
 
e11.18 Clarify what other life critical service areas are in parallel mobilise a billion races, and link them in at same bookmark as the bankabillion debate – see eg
www.bankabillion.org  Help these MicroSummits to celebrate action network partnerships that connect MicroCredit & MicroTech and one other Micropractice area: 
e11.19 MC & MT  & MicroEnergy – eg microenergycredits.com and ashdenawards.org
 
e11.20 MC & MT & MicroAgriculture –eg India’s EAGRI
 
e11.21 MC & MT & MicroHealth
 
e11.22 MC & MT & MicroFamilyHome
 
e11.23 MC & MT & MicroDisasterRelief
 
e11.24 MC & MT & MicroProfessions
 
e11.25 MC & MT & egov
 
e11.26 MC & MT & CommunityOwnedMarketChannels
 
e11.27 Map where places’ youth have a chance to develop because they have type 2 stockmarkets : being those (The Economist first advocated as essential to sustainable global finance in 1972) that take intergenerational savings of that place and invest in that place’s nextgen productivity
  

e11.28 Vote for every future capital city’s favourite youth social action portal starting with such benchmarks as Paris danonecommunities.com and New York’s singforhope.org
  
e11.29 3000+ peoples summits and demonstration festivals; in addition to microcreditsummit make a shortlist of most exciting peoples productivity events any capital has ever staged. Reference – hosts of open space technology have convened many hundred such events each geared to entrepreneurial revolution of one urgent practice context
 
e11.30 To accelerate sustainability of Asia pacific www century (The Economist 1976-2075), celebrate where partnership triads of china, and a bottom-up microcredit business modeler and a corporate innovate a new trillion dollar market place around a revolution in affordability

seasons promotion - for fall 2011 we wanted to celebrate the actions of 10000girl in Australia - here are some notes on what they are action networking and why

Come to a one day Life Planning Workshop or set up a GIG (Girl Investment Group) and;
       [  ] Review or create clear inspiring life goals (a plan for the future)
       [  ] Have a minimum 3-6 months wages saved up as an emergency fund (savings)
       [  ] Have sufficient and relevant insurance in place (insurance)      
      
[  ] Ensure you’re happily challenged in your career (personal growth)
       [  ] Be learning to plan, save and invest toward a self-funded future (financial security)
       [  ] Share with a like-minded peer group (inspiration) 
       [  ] Meet local financial service professionals (professional support network) 
       [  ] Be contributing to our broader economic prosperity and wellbeing (sense of community)

 

The July-December 2011 10thousandgirl Events Calendar has been announced with programs running in Canberra, Bathurst, Orange, Young, Dubbo, Tamworth, Armidale, Singleton, Newcastle, Alice Springs, Barkley Tablelands, Sydney, Wagga Wagga, Albury, Wodonga, Ballarat, Bendigo, Geelong and Melbourne. Register now or contact us to put your town on the map in 2012.

Why is this necessary?

1) Women earn less than men; 2) are more likely to have interrupted careers because of child raising and caring responsibilities; and 3) live longer so need to save more for retirement. Women in Australia can expect to earn $1m less than men in their working lives. Globally, 1% of the world’s women own land. SOURCE: Australian Financial Literacy Foundation, National Centre for Social and Economic Modeling (NATSEM), International Center for Research on Women (ICRW)

VALUETRUE NOTE ON THE WORLDS GREATEST MATHS ERROR

 

Why would parents destroy the future productivity of their children by billing them for national loans, banking bailouts, laws designed to make things like health and land ever more costly, extraction of natural and human resources, celebrating on nightly news big organisations that are compounding conflicts and unseen risks.?

 

Quite simply the answer is that there is a ruling species of macroeconomist and metric professions that are committing the world’s greatest maths error. Their economics isn’t economical by any commonsense valuation of the word, and however big the systems they hide their failures in, the core problem is they compute trust wrongly every quarter causing it to exponentially compound distrust, and multiply risks.

 

In older days, when the telex was the fastest way to communicate measurements around the world, something accountants called goodwill was only a minor item in a market’s valuation of companies. Today it is the vast majority. The error’s core spins round the fact that accountants didn’t have any way of valuing goodwill when I first worked at one of the big 5 global consultants in the 1980s, and then defined goodwill wrongly. Monopolizing this error was aided and abetted by professors who believed that defensive strategy is smart whereas it’s the least innovative (and most value destructing) ideology ever to have been examined on.

 

Goodwill is correctly defined when governance of a company transparently builds multi-win models of trust-flow between all whose futures are impacted by the company. Instead today’s global accountants compute scores that actually go up the more of a multi-lose model is built until trust in the whole thing (whether it’s a bank or anything else) bursts. Hundreds of multibillion dollar have burst almost overnight and its always our children that pick up the tabs. And yet the problem is far worse than individual corporate failures as we can see when a virus from Manhattan’s Wall Street simultaneously destroys trust in banking systems in over 50 countries around the world  

 

The good news is:  change the world’s greatest maths error and we parents may be just-in-time to get back to helping youth to create jobs and renew communal sustainability now that we have millions times more powerful technology to communicate around. Moreover, when microcreditsummit

2010s Microceonomics Survey- Youth’s 30 most exciting worldwide projects

 

You are invited to help continuously improve this survey at www.worldeconomist.net

Two types of improvement are

·        identifying an exciting project we didn’t know about

·        helping re-map the structure that helps celebrate connectivity between such basic human rights areas of banking, health, education, water, food, energy, homes and what makes the 2010s the most exciting time to be alive.

 

Today’s information technologies are more than a million times more powerful collaboratively than the 1960s – if we chose to invest youth’s productivity in evolutionary fit millennium goals then the race to poverty museums everywhere can be far more exciting than the 1960s race to the moon

 

One behavioural matter involves how microeconomics is used to condition mindsets, as well as lead decision-making. We defer to Adam Smith whose purpose integrated hi-trust mediating as well as mapping multi-win valuation models that help leaders and societies communally invest in next generation’s productivity and sustainability out of every community.

 

If you read the 1943 centenary biography of The Economist (1843-1943) you will see a century-long journal of this purpose – one which along the way intervened so that the English Constitution was transformed beyond centre of slavemaking and colonization to mediating commonwealth. On reading this book, my father (Norman Macrae’s)  67 years of celebrating investigations of economics changed the journal to the world’s favourite newspaper – offering scripts for debating what to empower the next generation to action. By 1984, he was developing a microeconomics quiz of how the first internet generation could transform the world if only those who owned the world’s most productive assets openly participated in funding youth’s most productive futures. By 2010, he saw the most valuable social business media ion the world as being that informally linked in by those who propagated the exciting goals that microcreditsummit planted from its 1997 origin. He died a quarter before these videos www.grameeneconomics.com  of two thirds of US Congress ;positively debating microcreditsummit’s vision as you can see from the youtubes featured.

 
 You can now read over 40 surveys  by the microeconomist at The Economist who explained why macroeconomists were youth's worst nightmare and whose work from 1972 clarified what sort of entrepreneurial revolutionaries are needed if global financial collapse is not to be the outcome of the net generation
2011 Action Project - help us link 100 most entrepreneurial revolution writings of Norman macrae's life and identify who wants to update one of these in new journal of social business
RSVP info@worldcitizen.tv help us make links to 100 most  entrepreneurial revolutionary articles or nation's future economics scripts The Economist's Unacknowledged Giant Norman Macrae ever wrote
  • 0 1984 the internet generation can be 10 times more productive : their most exciting decade 2010s depends on doubling knowledge around ending poverty first
  • 1 2008 consider bangladesh
  • 2 1962 consider japan
  • 3 1975 consider asian pacific www century ->4  1975 americas 3rd century - Time review
  • 5 1976 entrepreneurial revolution
  • 6 1982 intrapreneurial now 
  • 7 1984  healtchare is compounding bust futures everywhere
  • 8 every place's safest future for innovative youth and sustainable families is to have government controling under 25% of how peoples earnings are spent http://oxbridge.tv/
  • 9 1972 - from 2012 global financial system will serially implode unless we have redesigned a segment of sustainable capital markets being thoise that invest in every nations youths jobs and what the net generation vote for as the next decades most heroic goals
  • 10 the view from messina is the EU is worth co-creating if only to end europe as epicentre iof world war http://www.youtube.com/watch?v=BU1qSQzTN7k
  • 11 prince charles in his be-fated japan tour

    Time review of dads 1975 survey in The Economist America's future needs fewer clams more growth http://www.time.com/time/magazine/article/0,9171,913672-1,00.html

    In the wake of the familiar crises of Viet Nam, Watergate and inflationary recession, can the American experiment endure and flourish in its third century? This vexing question is tackled in special reports just published by two thoughtful periodicals, the U.S. quarterly the Public Interest and the British weekly the Economist. Both journals raise fresh and unsettling questions about the limitations of American democracy and freedom. However, in their prognoses for the next 100 years, they diverge: the Public Interest has a generally pessimistic forecast for an America that thinks small and governs modestly; the Economist foresees a country that can transcend its limits and grows wealthier.

    click to page 3 and 4 of article on survey of dads begfore his survey of asia pacific century

    At the threshold of its third century, America is afflicted by a "drift from dynamism," which threatens to allow the nation's global leadership to slip into "less sophisticated hands, at a perilous moment." So concludes the Economist's deputy editor, Norman Macrae. A longtime expert on world economics and political affairs, Macrae, 52, first gained attention in the U.S. in 1969 by writing a penetrating survey on the American dilemmas of race and poverty. Now he has produced a provocative if discursive report suggesting that the U.S. may be at the close of its industrial empire. He argues persuasively that the U.S. can no longer hold onto its economic might unless it immediately undertakes a major new drive for industrial growth.

    America, which has held hegemony over the world from 1876 to 1975, may be losing its global influence for the same reason that British industry, dominant in the world from 1776 to 1876, decayed. The threat comes from "industrophobia"—the mood among intellectuals, ecologists, students and others from the educated and monied classes, which view business as vulgar and dangerous. On U.S. campuses, he writes, an "antigrowth cult is being taught to a generation of idealistic kids as if it was high moral philosophy or even a religion."

    He scathingly criticizes these groups for delaying construction of the Alaskan pipeline. The slowdown retarded U.S. economic growth and helped the Arab-dominated OPEC oil cartel grossly inflate oil prices and expand its powers. Among the consequences: "The unemployment of black teen-agers in New York City has been pushed up - every extra percent this goes up puts tens of thousands more brown men  in Bangladesh, and several hundred  thousand Israeli families in greater danger."

    Macrae is also angry about American industry. The growth of U.S. output per man-hour in manufacturing in the past 25 years has fallen behind that of other industrial nations because of a slowdown of U.S. investment in new technology's job creation capability. American businessmen, like those in Britain, have succumbed to the rule of corporate bureaucrats. The spirit of entrepreneurship is broken.

    Yet Macrae has great faith in America's potential to lead the world to vast new wealth. Indeed, he harbors few of the conventional worries that the world is running out of resources. He does not think, for example, that there will be an energy scarcity; alternative sources —nuclear, solar, geothermal, and others —will supply man's needs. Nor does he expect a food crisis, because land can be farmed more efficiently now through new scientific methods and the "green revolution" can be extended to most arable land. He downplays the famous "population explosion," claiming that the world's population growth has probably already dropped to 1.7% a year, which is the target of the United Nations Secretariat for 1985.

    The sharpest perils in America's future will arise out of the modern offsprings of progress, claims Macrae. The most frightening possibility is the rapid spread of atomic weapons into the hands of global terrorists. The major industrial countries must meet this predicament by improving the living standards of the poorer nations, thereby increasing the commitment of all human beings to maintaining an unwarlike status quo.

    Modern Molds. For the U.S. to reassert its economic primacy in its third century, argues Macrae, the nation will have to go back to its "longstanding, history-given, go-getting" economic pragmatism. He calls for a return to the old incentive-filled free-market philosophy, but in modern molds. Americans, he contends, must restructure their private companies and redesign their governmental bodies in order to free themselves from the bureaucratic shackles that now stifle their growth. They must also broaden the types of community living in the nation to include choices on the political right and left—meaning new concepts like puritan towns, local governments run on contract by private businesses, and towns that emphasize full individual participation.

    The prototype for new private corporations may be "confederations of entrepreneurs." Individual entrepreneurs within a single corporation, he predicts, may soon be given even greater independence to run various departments in the company or set up competitive ones. Within the immense federal and state governments, Macrae proposes a new form of market competition called "performance contracts." By this method, citizens will vote regularly for the private contractors—garbage collectors, transit companies and sewage disposal firms—that best deliver the services.

    An unapologetic growth advocate, Macrae warns that America must crusade for economic expansion—by investing more, loosening environmental restrictions and breaking bureaucracies. If the world's richest nation fails, he says, the consequence may be that "half the world will remain hungry, and that half-world may blow us up."

  • Would Your City Publish a Special Issue of Yunus Journal of Social Business? When would be most exciting 2010s moment for your world citizens?


    Help us map: Is your place replicating an economic system Adam Smith would celebrate? 
    Net Gen's Exciting 2010s  brings back Joy of Productivity to Economics- monthly nominations welcome info@worldcitizen.tv
    .joyofeconomics.jpgRSVP  info@worldccitizen.tv if you are connecting knowledge-action-doubling projects around world’s most economical economists – eg journal of pro-youth economics – part 1 : 1843-1988; part 2: 2011 on; publisher of intercapital youth ambassadors celebration leaflets 2010 on ; peoples bbc & dd world service target 2012

    Global June 2010 The Economist debrief www The unacknowledged giant
    The Unacknowledged Giant

    Glasgow July 2010 : 25 Scots & Internationalists

    goodwillmulitplies100.jpg

     debrief Yunus on Interdependence day

    Wash DC September 010  videos of congress votes 1 2 3 ; discussions of world's most daring nations  A B C  

    Dhaka oct2010 debrief of dr yunus- askyunusaboutsb51stockmarket60ct10.jpg

    norman macrae estate $300K sb loans...

    London Saint James Nov 2010 debrief "Consider Bangladesh" with

     cb3_jpg.jpg
    Boardroom of The Economist

    Nairobi Kenya & Trenton NJ December 2010 Debrief of Consider Kenya goodwillmulitplies61.jpg

    with Ingrid Munro and Sam Daley-Harris

     

     

    If your country or network believes in this brand of economics please send us your link : "invest in curious productivity of children, families and community since healthy society generates strong economies not the other way round" - signed Scotland, Bangladesh 1 2, France 1 RVP info@worldcitizen.tv
    11 June 2011 - Norman Macrae probably Europe's senior economist dies nearing 87 - obits
    - The Economist: Unacknowledged Giant  - comments or Q&A continue at this blog;  British Ambassador to Tokyo: changed the trade & investment links between Britain and Japan
    Financial Times: journalist who delighted in paradox with unrivaled ability to foresee the future
    Daily Telegraph: The Economist's internal spirit;  The Scotsman - the internet's futurist
    The Atlantic - Clive Crook remembers; national review "someone you never knew existed"
     India Times - Prophet of Change ; New Statesman "entire career at The Economist" ; Matt Ridley - death of a great optimist
    London Times - subscription - journalist who changed minds and opened many more ; Pot-TEX : a giant of journalism
    Sweden's JanErik Larsson - people you never forget
    - can you help edit companion pieces to http://normanmacrae2010.blogspot.com/  

    RSVP info @worldcitizen.tv if you can help us make a complete listing of Norman's surveys

    61 To Let? ( Hobart Paper)

    62 (September) Consider Japan

    63 (June) Changing Russia (6 person team led by Norman)

    68 (29 June) The Green Bay Tree- S. Africa

    69 (May 10 ) The Neurotic Trillionaire -  a survey of Mr Nixon’s America

    72 (January 22)  Multinational Business

    72 The Next Forty Years

    75 (October 25) America’s Third Century

    76 (Dec 25) Entrepreneurial Revolution

    77 (May 7)  2 billion people:  a Survey of Asia http://www.foreignaffairs.com/articles/31337/donald-s-zagoria/two-billion-people-a-survey-of-asia

    82 We’re all Intrapreneurial Now

    84  (April 28) Health care International

    88 (Chrismas issue) Next Ages of Man

    91 (December 21) Looking forward to the end of politicians

    Books 

    63 Sunshades in October ; 84 The 2024 Report -  concise future history of the netw genertion 1984-2024; 85,86 Translations into 2025, 2026 Report; 93  The New Vikings (Swedish update of 2024 Report) ;  also 1992 Biography of John Von Neumann (also 60s London's Capital Market)

    .

    YUNUS.................................................................. The Economist with the most exciting vision of what youth can network in 2010s is the economist the whole world needs to celebrate most: listen to and interaction 
    What will happen to nations - and indeed any community - which do not practice the main purpose of economics as being exponentially regenerating? What is needed is bold investment in youth and youth's goals, not the endless political bickering at the top of government that causes disinvestment in youth's future 
    If you look at when Yunus talks to national governments (relevant in USA before and after he testifies to congress in Spring 2011 www.grameeneconomics.net )
    he talks to india about union of Asian nations-
    and when he considered running for Bangladeshi presidency he came up with fine ideas kickstarting an amazing orbit : how bangladesh could collaborate in networking sustainability community laborartories for poor half of india and china that would otherwise come last in their countries national strategies
    His national strategy also inspires wonderful ideas such as  how to unite everyone in the greatest  infrastructure project yet put into poor publics ownership - Cox's Bazar (something 10 times more interesting to the region than the way singapore's national strategy was sky & tele-ported from the 70s 
    His influence in developing Bangladesh has compounded over a third of a century when  his 1976 life changing wish to contribute to most vital services to the world's newest and poorest 100+ millions nation started with the goal of ending famine and then of ending poverty

    NORMAN
    compare this with my father's youth living in stalin's moscow seeing local friends at the embassy disappearing or spending a summer at the adriatic port which was the last used by jews to flee hitler's europe, and navigating RAF planes out of modern-day bangladesh as  teenager before being the last youth lectured on economics by keynes at cambridge - it was parts of the action learning needed to question convention wisdoms' blunders not to perpetrate the - which is the enrepreneurial revolution role I believe journalists of economics can mutliply wordlwide value (and job creation) investing across generations and through cultures interfacing of community and innovation

     Everyone gains by knowing of the favourite theme of Milton Keynes: “Increasingly the world is ruled only by economics. The danger arises when practical men, believing themselves exempt from intellectual influence,  are in fact slaves of historic rules which changing circumstances have rendered defunct" – Norman Macrae (Sunshades in October, 1963)

    being the only journalist at the birth of the European Union at Messina; being the first NW journalist to consider Japan's strategy in 1962 or celbrate Asian Pacific worldwide century in 1975; being the first journalist to nominate critical globalistion debates on what to do expoenentially ahead of time: if you knew Berlin wall would fall in 1988 or the internet was coming making peoples virtual lives and real lives productive multiplers of each other (by which we mean if you only do one of these 2 productibities you have zero productivity - ie the worst poverty trap of 21st ); being st james' s first journalist of consider bangladesh
    so my guess is that the free trade of worldwide nations if the 21st advances the human lot won't really involve nations any more than alice in wonderland involved cheshire cats; it will go back to the 2 million global village hubs

     
    .
    In praise of schumpeter
    microcredit & schumpeter's 5 forces of innovation & sustainability capitalism  http://www.redlands.edu/docs/Academics/research_mondal.pdf
    The Economist runs several opinion columns whose names reflect their topic:

    Schumpeter (Business) — named for the economist Joseph Schumpeter, this column was established on September 2009 and is written by Adrian WooldridgeBagehot (Britain) — named for Walter Bagehot 

    more on Schumpeter 


    11 June 2011 - Norman Macrae probably Europe's senior economist dies nearing 87

    this the bio the independent wrote on norman's retirement after 40 years at The Economist in 1989

    Norman was of the scottish entrepreneurial school - adam smith, james wilson ..; he repeatedly argued that microeconomists needed to collaborate to overthrow the excesses of macroeconomists - help us co-edit this presentation; his last article was written for Muhammad Yunus late 2009- probably the greatest entrepreneur of our epoch and the one most likely to cheerlead 2010s as sustainability decade- see norman's 1984 on the 2 oppsoite endings that the netgen would spin; the Centre for Development has propsed that a wee foundation and archives rembering Noram be colected by universities in Glasgow -rsvp to them if you can help

    chris.macrae @yahoo.co.uk wimbledon 12 June 2010

    worldsgreatestinvention2.jpgcompass12189.jpg.newicongram.jpg

    left is a concept logo for the Global and London Institutes of Social Business first annual fieldbook of cases sponsored by lead networkers of YunusBook.com and London Informal welcoming panels of Yunus  & Sustainability Olympics  -your comments are welcomed chris.macrae @yahoo.co.uk washington DC 301 881 1655 

    open source property rights asserted - city of Dhaka - en route to every sustainability capital and collaboration entrepreneur (coined 1976, Norman Macrae, then Deputy Editor of The Economist 1 2)

    Help list system dynamics of goodwill, transparency, sustainability

     

    Goodwill (trust-flow)

     

    Goodwill multiplies not adds. Opportunity : the more positive trust of ever stakeholder the more communal surplus can be generated. Risk : lose trust absolutely of any one group and zeroisation.

     

    There are really only 2 energy relationship system that organization designs spiral:

     

    trust connects joy, courage, love (no fear) of purpose, stimulating progress whole preserving core, openness. This flow is only possible if in every interaction of the system's potential conflicts are hunted out and resolved; and there are no boxes separating vital information flows

     

    distrust connects despair, loss of hope, pessimism, passiveneness, lack of indomitable spirit need to help find solutions out of traps for others as well as self,

     

    However we must permit  some gateway emotions which different culture may name differently: anger if its not turned to hatred or aggression is what causes people to stand up and protect those with the least and demand changes to laws and constitutions which may once have been perfectly right but are no longer valid. If you see a child abused (physically or structurally) you should feel anger and convert it into leadership presence and interactive intervention

     

    Know the 3 C’s  which open space innovation facilitators assume are vital. Confusion is when top-down people insist one set of rules is 100% perfect,: this prevents seeing when the outside environment has changed (or localities are more diverse than the top’s standard) and causes conflicts to enter into a once positively energized system; conflicts once entered spread like wildfire producing a chaotic system ; by the time a system is chaotic it is viciously spiraling reduction of goodwill

     

    Integration in maths and in nature is a bottom-up mapping process; ultimately a system that is governed only top-down is designed to collapse or worlds that are not deeply democratic to trap people in poverty or all the risk the world can outsource.

     

    Transparency (open boundaries)

       

    On networks the biggest risks lurk and then compound at boundaries of partnering systems

     

    The rule if transparency systems is always demand openness of information unless you can prove that temporarily closed information is needed. For example, If good are to defeat ill then  the good cannot give their plans away to ill.

     

    Most 20th century marketing and strategy involved closed unless we can prove we need to be open. If an innovating involves a race to get patents that will then close out others, closed is understandable. However that doesn’t means that patents have a place in the open source world that can multiply the value of knowledge. The father of computing von neumann assumed that most patents would only last 3 months in an open networking age. His reasoning if you have true purpose and 3 months lead across networks of partners in your purpose, that is something competitors cannot catch up with at lest mot while your network keeps connecting unique purpose

     

    Typically one non sustainable system in a network of partners is the greatest risk to the whole network collapsing. This means that sustainable partners help SWOT each other- requiring a higher order of transparency than all 20th century top-down professions ruled over

     

    Nations are in 21st century one of the global markets of places. To keep increasing economic capacity, their boundaries will need even more transparency than that we may demand of corporations or other systems

     

    Transparency of job creating empower by bottom up systems is far more important than any macroeconomic plan a place may forge. More accurately , macroeconomic plans will spin ever more destruction (inconvenenint truth instead of holistic truth) unless integrated micro up.

    Sustainability win-win-win (compound exponentials)

     

    In networked age it is possible not only to go above zero-sum (eg provide more value when both customer and supplier are gaining from each other) but to value multiply. Compound exponentials are the consequence of systemic value multiplying – they spin one of tow ways sustainably up, or crashing down.

     

    When value dynamics  of an organisation is to do with people’s service stamina and knowledge transfers, value multiplying auditing needs as much cyclical focus as any other audit including cash-flow. When we network systems together this becomes even more crucial. Typically a single organization spins 10-win or 10-lose through 5 interconnected double lops of productivities and demands : employee, owners, customers, societies, the world’s requirement that a global market values sustainability by being responsible only for its greatest compound risks. When you fully interface 2 such system, the dynamic  tends to 100-win or 100lose. We have seen multiple occasions of rapid networking collapse in the 00’s

     

    At the limit globalization will design one of 2 endgames;

     

     that where bad will networks win (the big brother scenario) which means the top will serially compound crashes onto local communities until people at those localities are not sustainable

     

    that where goodwill multiplying networks win

     

    It was estimated in 1984 that:

    The difference between globalizing round goodwill designs versus badwill designs by 2024 has consequence if 10 times more or less health and wealth to share around

     

    It was modeled that micro up integration is the style of governance that goodwill multi=lying systems use to integrate every locality communally into global

     

    It was identified in 1970s by Schumpeter (and probably the 1930s by the duo of Gandhi and Einstein) that the overarching goal of the networking generation that will enable goodwill networks to overcome badwill ones is uniting the race to end poverty

     

    All the scenarios on which the 1984 model were built exist to be openly questioned and SWOTted by context.. On the timelines used we are way behind the curve of goodwill winning out over badwill. You can take simple but tragic examples of this . In recent wars badwill payers have been repeatedly more effective at networking even though they had 10 to 100 ties less resources than the supposed good powers.

      
     
    .Norman Macrae must be turning in his grave, except I think he's still alive.yes his friends & family hope so: 1 2- Norman's pick of microeconomists worth trusting the world to
    .Keynes was probably only half right when he said increasingly only economics theory rules the world.Nature's system designss are double-looped not top-down; the latter's globalisations can be gamed as wall street's ruinous first decade of C21 showed us; to be ruled just by one number (of how much has one most powerful side taken from everyne else) is the perfect maths for compounding exponential destruction -not what sustainability investment leaders should be benchmarking
    .The value of the brand is in integrity of its trust connections.20th C maths -from Einstein to Von-Neumann shows that above zero-sum value multiplies by integating micro up contexts and interfacing systems into collaboration networks
    chris.macrae @yahoo.co.uk washington DC 301 881 1655

    A curious history of microeconomics

    1700-2000 by half century

    Around 1700 one of the first banking scams of modern times occurred. Consequence: the people of Scotland went bust and were subjected to hostile takeover by England.

    Around 1750 Adam Smith started writing up microeconomics with the intent that no nation of the future should suffer Scotland's fate. In 2008, the 250th anniversary of his book on moral sentiments was celebrated at Glasgow University with Nobel Laureate Muhammad Yunus keynoting. Next Adam wrote up other community transparent frameworks including "free markets" and was joined by some French alumni who celebrated the idea that man could be productively free once assets were transferred from those who were chaining the people to poverty. The word entrepreneur was born

    By the early 1800s , Industrial Revolution was spinning and the English also sent up their tax accountants to Scottish landowners with the rules that sheep make more profit each 90 days than people. More than half of all Scots emigrated becoming one of the first nations of worldwide peoples. To try to reconcile the English colonial virus, entrepreneur Scot James Wilson came down from Hawick to London; booted out vetsed interest MPs from parliament and founded The Economist in 1843 to be a severe and transparent test of how ledaership decision-maing was made.

    In the 1860s, James died before his time less than a year into a project based in Calcutta where he was trying to reform Raj Economics. His son-in-law Bagehot took up the challenge of reforming the English Constitution. This seeded the beginning of the end of English superpower as well as the start up of an initially more benign American superpower

    1900s The Industrial collonisation mischiefous need for other lands' resources needed 2 European wars to finally put it to rest, and on both sides of The Atlantic this was a depressing half century but one that emerged with some rich nations in tact and with a new socio-economic phenomenon taking over democracy's social and economic dialogues: tv broadcast media.

    By 1976 it was clear to entrepreneurial revolutionaries http://erworld.tv/  that huge advertising buidgets were spinning a new polution to Adam's true and fair integration of free markets. Moreover technology was in sight of connecting one generation locally to globally through networks. It was predicted that the coming wars between micropeconomics and macroeconomics would now determine the sustainability not just of separate nations but of the whole planet as well as whether peoples compounded 10 times more economics systems linked to ending poverty. Alternatively, the depressing system endgame would hastily pursue an era of Big Brother crashes. If you are reading this towards the end of decade 1 of 21st C , you may next want to see the invitation on the right to the most exciting game humanity has ever conceived or played.

    .

    Would you like to join us for the fourth quarter of the most exciting game on earth?

     

     The game has no balls but each of the quarters takes courage and stamina being about an eight of a century long. The game is ending poverty and it involves a survey in which we collaboratively check results of 2 listings. The first list comprises a top 100 whose items are either productive jobs that the world’s poorest can learn to sustainably generate income  and/or innovations that repair the broken system that compounded local poverty in the first instance. The second listing provides benchmarks to places where you can see the first listing items and how to replicate them.

     

    The game began three eights of a century ago with the birth of the world’s poorest nation. Miraculously the peoples gravitated around 2 of the most trustworthy microeconomists who focused on three primary sources of joyous productive agency during the first quarter:  village nurses, teachers and bankers. The latter may seem to richer nations to be a most curious breed. They were transparently dedicated to serving 1) investments in the people’s productivity, 2) maintaining safe deposit accounts, 3) compounding sustainability investments. They don’t ask for personal bonuses. Today nearly half a million of these microprofessionals are passionate about their community service and proud that as many as 20 million female microentrpreneurs have blossomed.

     

    During the second eighth of the century villages all over the nation made progress on the top 100 listings. And in the third quarter they were linked in by the internet so they could enjoy sharing each other’s action learnings and open source them worldwide.  Now we have several millioon microprofessionals around the world and over 100 million of the very poorest female heads of household are sustainably transforming what used to be the poorest and most structurally deprived places to be born or raised. By any human measure this is generating the most exciting goals any millennium or twelve year challenge has identified.

     

    If you want to join in start by helping us progress the attached  100 listings. Every four months people will meet to improve its details and links. Join us or send us a delegate from your social network or file an entry so we can connect all the game’s greatest news. The worldwide roadshow starts in Dhaka on June 29, aims to be in Berlin in November and Kenya in March 2010, and go where young people in particular are most excited by the game until micro economics communal sense sustains our planet and poverty museums connect the worldwide.

     

    Addendum

    One view (more here) subscribed to by many Scots, French, Indians and Bangladeshi is that the practices economics and entrepreneurship were open planned since 1700 with the goal of ending poverty. But each time local peoples integrated some progress, more macro or global systems took over the media and other political ways that learning, communications and measures were powered over by colonial and ruling classes. This resulted in nations crashing and wars being fought. You night want to question the legitimacy of this view because if it is correct its logics would say that now this generation is becoming more globally connected than locally separated we are breaching ma’s final deadline on all sustainability challenges. According to the maps of worldwide sustainability investment racing to compound the end of poverty is the same game as preventing those who in richer places from crashing their systems into poverty.

     

     Blog extracts; 2 Nobel Prize winners worth trusting your future to : Krugman and Yunus

    Financial Times regrets the only journalist economists to have provided any relevant alerts to wall street meltdown were:... 

    How can people save themselves from banks and macroeconom ists? Please send ideas for our (b)log of economists and others who monoploise rules that are worth one second of a sustainability's MBA's time while learning to communalise sustainabiluty's deep contextual flows by doing.

    rsvp map@smbaworld.com

     

    Washington DC bureau tel 301 881 1655 info@w orldcitizen.tv - mapping the choice of opposite exponential outcomes of globization since 1984  || old web || discuss which members of congress may get micro in time to hekp Obama Yes We Can || How come that Einstein advised all human futures need ever more micro metrics but 2000s economists went macro

    Right now we are interested in helping facilitate what may be the impossible -name one of the 10 trillion dollar global markets with most consequence (exponentially up or down) on future of humanity - eg core banks by which we mean banks who are central to financial functions of nations or world markets- which 10 people - Dr Yunus ? Obama? PM Gordon Brown? Mandela (or african elder), Manmohan Singh , S.American eg Jorge Quiroga former president of Bolivia, Larry Summers? Geithner? Youth representative? the central banker of Estonia, who of China? - would you most like to huddle in a debate of what would be the most sustainable design of this future market and once they had a conversation starter open sourced this for debate everywhere

    For most of the planet’s people, microcreditsummit 1 2 are the most successful knowledge sharing alumni which  network economy has so far. What would like to see as the next 10 MICROsummits ?

    fc10.jpg 

    Suggestions from Dhaka

    Energy

    Mobile

    Internet

    Water

    Health

    Youth job creation

    Suggestions from elsewhere

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    Friday, September 10, 2010

    hayek, & macrae

    Norman Macrae, Sound Money and the IEA

    Commentary — By Alex Chafuen on July 29, 2010 at 5:36 PM

    The late great Cambridge educated Norman Macrae, former Deputy Editor of The Economist reflected on the first 100 “Hobart Papers” published by The Institute of Economic Affairs.  Sound Money got his attention:

    “About 40 of the first hundred Hobarts have been on macro-economic subjects. For me, the most convincing has been the most radical number 70, by the Nobel Prize -winner Professor F. A. Hayek, which advocated the Denationalization of Money. It is probably going to be recognised during the period of the second hundred Hobarts that inflation has been caused by one particular manifestation of the age of growth of government power, namely, the nationalisation during the 20th century of the production of money. Before 1914 the gold standard prevented officialdom from increasing the
    money supply. Private profit-making bank s could and did create paper Credit, but the attraction of such paper money remained limited by the security of the issuing banks. Since 1918, governments have acquired the right to print money and do so when ever pressures are put on them such as (a) ‘print more money or there will be higher unemployment’, or (b) ‘print more money or trade union demands for higher wages cannot be met, and then there will be strikes’.
    To many of us it once seemed ration al that governments should have the right to make such surrenders. But there have been two changes. First, the argument that it is sensible to allow inflation in order to keep down unemployment has lost its attraction as rich countries have decided that inflation is a main reason why they must continue to allow unemployment to remain high. Secondly it has become clear that, when
    trade unions feel that governments will increase money supply in order to accommodate their demands, they will make higher demands. Everybody is intelligent enough to maximise his demands according to
    the likelihood that those in power will give way to them. Argument s that wage demands are determined by any less logical reason (such as intensities of feeling about unfair distribution of income) are sociological guff.
    Half-a-dozen of the Hobarts seem to me to have advocated the continuance of the main government monopoly over money supply, but with rules on stem targets about how much new money each central bank is permitted to create. The difficulties here are that any measures of money supply agreed as a target quickly become distorted because banks and governments then have an incentive to create money in some form just outside the reach of the target.”

    We all miss the clear mind of Norman Macrae.  For several years he was a judge of Atlas’s Fisher Book Awards.  


    Update on Reserve Currency Mess : The Economist 19 Jan 2011
    America’s currency punches above its economy’s diminished weight in the world. America’s share of global output (20%), trade (only 11%) and even financial assets (about 30%) is shrinking, as emerging economies flourish. But many of those economies, such as South Korea, still sell their exports for dollars; many, including China, still peg their currencies to the greenback, however loosely; and about 60% of the world’s foreign-exchange reserves remain in dollars.

    This allows America to borrow cheaply from the rest of the world. Its government has been able to overspend, secure in the knowledge that its IOUs will be bought by foreign central banks, which are not too fussy about price. America would show more self-discipline, many Chinese believe, if the dollar had a little bit more competition.

    Could the yuan become a rival? China’s economy will probably surpass America’s in outright size within 20 years. It is already a bigger exporter. It is prodding firms to settle trade and even acquire foreign companies in its own currency. That is adding to a pool of “redbacks” outside its borders. These offshore yuan are, in turn, being tapped by borrowers, issuing “dim sum” bonds in Hong Kong (see article).

    But as the dollar’s history shows, economic clout is not enough without financial sophistication (see article). If foreigners are to store their wealth in yuan, they will need financial instruments that are safe, stable and easily sold. Dim sum makes for a tasty appetiser. But the main feast of China’s financial assets is onshore and off-limits, thanks to its strict capital controls. The government remains deeply reluctant to let foreigners hold, buy and sell these assets, except under tight limits. Indeed, it is barely ready to give its own people financial freedom: interest on bank deposits is capped; shares are largely owned by state entities; and bonds are chiefly held by the banks—which are, in turn, mostly owned by the state.



    10:51 pm edt 


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    Specials Series of Norman Macrae on Muhammad Yunus  (Macrae on other mathematical leaders)

    .written spring 2008 after hosting 30 alumni St James Lunch Feb 15 with Dr Yunus as Guest of Honour

     

    THE IMPORTANCE OF DR YUNUS

    By Norman Macrae

    The Nobel Peace Prize for 2006 was controversially awarded in Oslo to a "banker for the poor" in once basket case Bangladesh. Since the microcredit system pioneered by this Doctor Muhammad Yunus really has raised record millions of Bangladeshi women from the world’s direst poverty, Yunus was greeted on his recent visit to London largely by the misunderstanding Left. But as an octogenarian Thatcherite, I also had lunch with him and thrill fully to his stated aim to "harness the powers of the free market to solve the problems of poverty", and his brave belief that he can "do exactly that". This apparent appearance of a viable system of banking for the poor has important implications we had better start by examining how microcredit almost accidentally came about. 

     START IN A STARVING VILLAGE

    During Bangladeshi’s terrible famine year of 1974, Dr Yunus ( who had attained his doctorate in economics in a fairly free market American university) was back at his 1940 birthplace of Chittagong, Professor of Economics at the university there. He took a field party of his students to one of the famine threatened villages. They analysed that all 42 of the village’s small businesses (tiny farm plots and retail market stalls) was indeed going bust unless they could borrow a ridiculously tiny total $27 on reasonable terms. 

    First thought was to give the $27 as charity. But Yunus lectured that a social business dollar that had to be paid back from careful use in an income generating activity, was much more effective than a charity dollar which might be used only once and frittered away. All of those first 42 loans were fully repaid, and lent back, and after 9 years further experiments Yunus in 1983 founded his Grameen (which means Village) Bank. Its priority was to make loans that were desperately needed by the poor instead of the usual banking priority to make the safest loans to the rich who could provide collateral against what they happened to want to borrow. 

    In the next 23 years, Grameen provided $6 billion of loans to poor people with an astonishing 99% repayment rate. In 2006, it had seven million borrowing customers, 97% of them women (who tend to be the poorer sex in rural Islamic societies) in 73000 villages of Bangladesh. Microcredit had by then reached 80% of Bangladeshi’s poorest rural families and over half of Grameen’s own borrowers had risen above the absolute poverty line. 

    When a Grameen bank manager goes to a new village, he has entrepreneurially to search for poor but viable borrowers . He earns a star if he achieves 100% repayment of loans, and another star if he attains achievement of the 16 guarantees that all customers are asked to pledge, ranging from intensive vegetable growing through attendance of all children at school, to abolition of dowries. A branch with five stars would oftenb transfer to ownership by the poor women themselves. A branch with no stars would be in danger of closing, so borrowers tend to rally round with suggestions, such as which unreliable repayers to exclude. 

    An early income generator was the profession of telephone ladies. They borrowed enough to buy a cheap mobile phone from a Grameen subsidiary. They world draw fees for phoning to see if more profitable prices for crops were available in a neighbouring village, and from anybody who wanted to hire the phone to contact the outside world. This is a job that could only become important in a microcredit setting; the owner of a mobile phone in richer suburbia would not find many customers to hire her set. Village garment-makers were soon exporting clothes to far countries which made free trade by the importing countries important. One special desire of Yunus was to improve the nutrition of poor children in the villages of Bangladesh, and he formed a social business with the large French food multinational called Danone. Grameen-Danone test marketed to find what sorts of fortified yogurt Bangladeshi children would like. Although Danone at first wanted large plants with refrigerated systems, Grameen won the debate to make then small plants who bought local milk and very cheap local distributors who knew which families had children who might buy the cheap yogurt fresh. Danone had to agree not to pay any dividend from the sales of the yogurt in Bangladesh so as to keep the price cheap at a few US cents per cup, but its $1 million investment remains returnable and it has learnt a lot about sales of a new product in poor countries. 

    THE FUTURE

    Will such Social Businesses spread as far as Yunus hopes? I doubt this. Great leaps like Microsoft’s invention of good software are often made by small but initially hugely profit making small businesses. But it is easy to see a Grameen-Microsoft social business providing software suitable for poor countries where even adults are often illiterate. My view is that the Grameen experiment may prove to be most important for what might be called its macroeconomic impact. When more formal banking for the rich is intermittently in crisis, this may be happening now. In this 2008, conventional bankers to the rich have trotted in panic behind the American giants who grossly mislent on subprime mortgages, and then sold these loans on in "securitised", and exploding and even "derivitavised" packages to weaker funds and banks who have frantically tried to disguise from their shareholders and from themselves how unmarketable and worthless some of these assets are. If all bank statements in early 2008 had been utterly and appallingly honest, runs by depositors out of them could already have accelerated out of control. Such banking crises are likely to recur before and after next January when a new American president takes office. To judge from the protectionist economic nonsense at least two of the three candidates have talked in the primaries, a tyro president would be quite liable to bumble such a crisis into an even a 1929-1933 type of world slump. Britons should remember that our prime minister in 1929 was our last previous dire right wing Labour Scot, and that he had to coalesce in 1931 with a Baldwin who was as deaf as today’s Cameron to why it is better to widen budget deficits in a slump. 

    A lesson in how to run village businesses and not to handle bank crises comes also from Japan. When I wrote my first book on Japan’s economy nearly 50 years ago, Japan had about two dozen lightly taxed exporting multinationals who bought their components marvellously cheaply. The car factories bought their ball bearings from tiny village firms, and the banks attached to Toyota etc kept on lending even when some peasant’s first bearings did not past muster but gradually propelled him to work with or under a brighter neighbouring peasant whose products did. That seemed inefficient to American experts and in the early 1960’s I had a translated debate on Tokyo television with an American who said that such slack banking would ruin the country. I rejoiced as Japan then quintupled its living standards in the next twenty years and its banks became temporarily the most powerful and prosperous in the world. The crash came when in the late 1980s American business schools convinced Japanese factories that components must be bought just-in-time. The big banks turned to financing suppliers who could do this (which were not those striving to be cheapest). Banks lent mainly to new firms who could provide collateral which meant to richer ones. Once they were lending mainly to the rich they blew up such a bubble that the nearest golf course to Tokyo was said to have a greater land value than the whole state of California. When this bubble burst, all the banks had bad debts, which the government helped them to hide so Japanese living standards stop rising fast since circa 1989. This is the threat to the whole rich world today.

     

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    micros1.jpg1 How does a microsummit evolve- start with some of  the most passionate experts in the world at practising a subject in poor communities who desperately need solutions - see if during a first year's teamwork they can agree on about 10 action learning subnetworks and get peers wanting to participate eg this is an early draft list of what microhealthsummit might invite action networkers to connect ...
    click a pic for gallery of videos






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