Upload
beasley-allen
View
260
Download
0
Embed Size (px)
Citation preview
8/9/2019 The Jere Beasley Report, Mar. 2008
1/48
D j o p c k a t d i s j w d i k j j m c t ` i s t s c k f j 7 3 1 3 .
]DJ
www.BjgsojyGoojk.fi`
B j g s o j y , G o o j k , F r i w , @ j t d v c k , X i r t c s & @ c o j s , X . F . , G t t i r k j y s g t O g w
@GRFD 2884
G KG]CIKGO OGQ ECR@ OIFG]JM CK @IK]AI@JRS,GOGBG@G
8/9/2019 The Jere Beasley Report, Mar. 2008
2/482 www.BjgsojyGoojk.fi`
C.
FGXC]IO
IBVJRUG]CIKV
V]G]JIEGOGBG@G QCKV]DJECRV]@JMCFGCMERGZMFGVJ
Getjr g ojkatdy trcgo g @iktai`jry
Fiukty nury rjturkjm g $27: `coocik
vjrmcft gagckst Gstrg^jkjfg ck tdj Vtgtj
ie Gogbg`gs @jmcfgcm ergum fgsj.]dj
Vtgtj sujm tdj mrua `gkuegfturjr ck
288: goojacka ergum ck tdj prcfcka ie
mruas ukmjr tdj Vtgtjs @jmcfgcm
priarg`. ]dj nury eiukm tdgt
Gstrg^jkjfg dgm egosjoy rjpirtjm tdj
prcfjs ie mruas murcka tdj pjrcim ie
tc`j 7337-288=. ]dj rjc`bursj`jkt
eir`uog pri`uoagtjm by tdj Vtgtj @jm-
cfgcm Xriarg` usjm gs pgrt ie tdgteir`uog wdgt grj lkiwk gs Qdiojsgoj
Gfqucsctcik Fist (QGF) gkm Gvjrgaj
Qdiojsgoj Fist (GQX).Eir tdj eir`uog
ti wirl pripjroy, tdj prcfjs rjpirtjm
by tdj mrua `gkuegfturjr `ust bj truj
gkm gffurgtj prcfjs. Murcka tdj jktcrj
pjrcim ie tc`j Gstrg^jkjfg kjvjr
rjpirtjm cts truj prcfjs.]dj nury eiukm
tdgt Gstrg^jkjfg wgs aucoty ie cktjk-
tcikgo `csrjprjsjktgtcik gkm fikfjgo-
`jkt ukmjr Gogbg`g ogw.
Gs yiu `gy lkiw, ivjr tdj yjgrstdjrj dgs bjjk g arjgt mjgo ie ergum
gkm gbusj ck tdj ejmjrgo djgotdfgrj
priarg`s. Ck 2886 tdj Mjpgrt`jkt ie
Djgotd gkm Du`gk Vjrvcfjs (DDV)
agvj wrcttjk kitcfj ti goo mrua fi`pg-
kcjs pgrtcfcpgtcka ck tdj @jmcfgcm
Xriarg` sjttcka iut aucmjockjs. ]dj
kitcfj ogcm iut ck fojgr gkm ukg`bcau-
ius ogkaugaj tdgt wdcfd wgs rjqucrjm
ie goo mrua fi`pgkcjs, ckfoumcka
Gstrg^jkjfg.]dj purpisj ie tdj fi`-
pocgkfj aucmjockjs wgs ti prjvjkt gkm
rjmufj ergum gkm gbusj ck goo ejmjrgo
djgotdfgrj priarg`s, ckfoumcka @jmcf-
gcm.]dj aucmjockjs rjsuotjm eri` eckm-
ckas ck ckvjstcagtciks fikmuftjm by tdj
Ieecfj ie Ckspjftir Ieecfj ie Ckvjstcag-
tciks Ajkjrgs (ICA) gkm tdj Nustcfj
Mjpgrt`jkt. ]dj ckvjstcagtciks dgm
eiukm tdgt tdj fi`pgkcjs wjrj cktjk-
tcikgooy `gkcpuogtcka tdj GQX ck
prcfjs rjpirtjm by tdj fi`pgkcjs.
Vtgtj @jmcfgcm Xriarg`s fi`putj
rjc`bursj`jkt eir mruas bgsjm ik
rjpirtjm GQXs gkm QGFs. Bitd grj
rjpirtjm by tdj mrua fi`pgkcjs, gkm
gs tdj aucmjockjs stgtjm, stgtj @jmcfgcm
gajkfcjs grj jktctojm ti mjpjkm ik tdj
GQXs gkm QGFs gs bjcka fi`pojtj
gkm trutdeuo.]dj ICA stgtjm tdgt tdj
mrua fi`pgkcjs, sufd gs Gstrg^jkjfg,
grj rjspikscboj eir jksurcka tdj
cktjarcty ie mgtg tdjy (tdj fi`pgkcjs)
ajkjrgtj tdgt cs usjm eir aivjrk`jkt
rjc`bursj`jkt purpisjs. ]dj ICA
aucmjockjs spjfcecfgooy gmmrjss tdj
c`pirtgkfj ie tdj cktjarcty ie mgtg
usjm by tdj @jmcfgcm gajkfcjs ti
jstgbocsd pgy`jkt g`iukts. ]dj
ICA stgtjm eurtdjr ck tdj aucmjockjs
tdgt tdj @jmcfgcm gajkfcjs sjt rjc`-
bursj`jkt wctd tdj jxpjftgtcik tdgttdj mgtg privcmjm grj fi`pojtj gkm
gffurgtj gkm tdgt tdj lkiwcka sub-
`csscik ie egosj, ergumuojkt ir `csojgm-
cka ckeir`gtcik cs gftcikgboj.
Qj gftugooy privjm iur fgsj ie ergum
gt trcgo by fgoocka gs gmvjrsj wctkjssjs g
ku`bjr ie prjsjkt gkm eir`jr Gstrg-
^jkjfg j`poiyjjs.G fojgr gkm fikvckf-
cka fgsj ie ergum wgs `gmj iut eir tdj
nurirs ti fikscmjr. Qj gosi wjrj gboj
tdriuad prjtrcgo mcsfivjry ti ibtgck
cktjrkgo mifu`jkts eri` tdj fi`pgkytdgt wjrj jxtrj`joy djopeuo ti iur fgsj
gkm mg`gacka ti Gstrg^jkjfg. Ikj ie
tdj wctkjssjs fgoojm gt trcgowdi dgm
bjjk g ljy Gstrg^jkjfg prcfcka
ieecfjrtjstcecjm tdgt tdj fi`pgky dgm
jkagajm ck ukjtdcfgo fikmuft ivjr g
pjrcim ie tc`j tdgt wgs coojago. ]dcs
j`poiyjj trcjm uksuffjsseuooy ti ajt
tdj bissjs gt Gstrg^jkjfg ti put g stip
ti tdj fikmuft tdgt dj mjsfrcbjm gs
sojgzy. Qdjk dcs jeeirts egcojm, tdcs
`gk jvjktugooy ojet tdj fi`pgky.
]dj nury gwgrmjm $=8 `coocik ck
fi`pjksgtiry mg`gajs gkm gk gmmc-
tcikgo $71: `coocik ck pukctcvj
mg`gajs. Jxpjrts eir tdj Vtgtj wjrj Mr.
Ajrgrm Gkmjrsik,g eir`jr j`poiyjj ie
DDV wdi cs kiw g priejssir gt Nidk
Diplcks Zkcvjrscty, gkm Jm Vguos, gk
jxpjrt ck gffiuktcka gkm mg`gajs.
Jgfd ie tdjsj wctkjssjs mcm g vjry aiim
nib gkm wjrj wjoo rjfjcvjm by tdj
nurirs. Getjr g tdiriuad ckvjstcagtcik,
Gttirkjy Ajkjrgo ]riy Lcka gutdirczjm
tdj ecocka ie tdj ogwsuct. C, goika wctd
Mjj @cojs, Fockt Fgrtjr, Fogy Bgrkjtt,
gkm Xguo Oykk eri` iur ecr` gkm Fgckj
IRjgr, Riajr Bgtjs,Fogy Rgklck,Qckmy
Bctzjr, gkm ]rgfy Mgvcs eri` tdj @ibcoj
ecr` ie Dgkm,Grjkmgoo, rjprjsjktjm tdj
Vtgtj ck tdj fgsj. Iur stgee pjrsikkjo
gosi mcm g arjgt nib ck djopcka ti ajt
tdcs fgsj rjgmy eir trcgo.Qirlcka ik tdj
fgsj wjrj Arjtg Bjgsojy, @cfdjooj
Oysmgoj, Vgrgd @grtckjz, gkm Ojvc
Kcfdios.Gsdojy Xuad dgkmojm iur mifu-
CK ]DCV CVVZJ
C. Fgpctio Ibsjrvgtciks . . . . . . . . . . . . 2
CC. Rjfjkt Vjttoj`jkts By Ecr` . . . . . . :
CCC. Ojacsogtcvj Dgppjkckas . . . . . . . . . . 5
CU. Fiurt Qgtfd . . . . . . . . . . . . . . . . . . 4
U. ]dj Kgtcikgo Vfjkj . . . . . . . . . . . . 76
UC. ]dj Firpirgtj Qirom . . . . . . . . . . 7:
UCC. Xrimuft Ocgbcocty Zpmgtj . . . . . . . . 71
UCCC. @gss ]irts Zpmgtj. . . . . . . . . . . . . 73
CT. Busckjss Octcagtcik . . . . . . . . . . . . 2=
T. Cksurgkfj gkm Eckgkfj Zpmgtj . . . 2=TC. Xrjmgtiry Ojkmcka. . . . . . . . . . . . . 25
TCC. Xrj`csjs Ocgbcocty Zpmgtj . . . . . . . 23
TCCC. Qirlpogfj Dgzgrms. . . . . . . . . . . . 68
TCU. ]rgkspirtgtcik . . . . . . . . . . . . . . . 66
TU. Grbctrgtcik Zpmgtj . . . . . . . . . . . . 6:
TUC. Kurscka Di`j Zpmgtj. . . . . . . . . . 65
TUCC. Djgotdfgrj Cssujs . . . . . . . . . . . . . 61
TUCCC. Jkvcrik`jktgo Fikfjrks. . . . . . . . 64
TCT. ]dj Fiksu`jr Firkjr. . . . . . . . . . =8
TT. Rjfgoos Zpmgtj . . . . . . . . . . . . . . . =7
TTC. Ecr` Gftcvctcjs . . . . . . . . . . . . . . . . ==
TTCC. Vpjfcgo Rjfiakctciks. . . . . . . . . . . =:
TTCCC. Vi`j Foiscka Ibsjrvgtciks . . . . . . =5
TTCU. Vi`j Xgrtcka Qirms . . . . . . . . . . . =1
8/9/2019 The Jere Beasley Report, Mar. 2008
3/48
www.BjgsojyGoojk.fi` 6
`jkt prjsjktgtcik murcka tdj trcgo.
]djy goo wirljm vjry dgrm gkm mcm gk
iutstgkmcka nib..Fgrio Djr`gk Vtjfljo,
tdj Fi``csscikjr ie tdj Gogbg`g @jm-
cfgcm Gajkfy, wgs tdj rjprjsjktgtcvj eir
tdj Vtgtj gt trcgo.Vdj tjstcecjm gkm mcm g
vjry aiim nib.]dcs wgs g trj`jkmius
wck eir tdj stgtj.
]DJKJT]RIZKM
Qj wcoo try gkitdjr fgsj eir tdj stgtj
ik Gprco 1td. Mjejkmgkts ck tdgt fgsj grj
AogsfiV`ctdLockj gkm Kivgrtcs. ]dj
mjejkmgkts dgvj g wrct pjkmcka ck tdj
Vuprj`j Fiurt ck gk gttj`pt ti sjvjr
tdj fgsjs. Dipjeuooy, wj wcoo bj gboj ti
try tdj twi mjejkmgkts tiajtdjr gs
sfdjmuojm. But ce tdj Vuprj`j Fiurt
sgys try ikjwj wcoo try ikj.
]DJ$72 @COOCIKMIOOGR@GK
C dgvj sjjk oits ie jxpjrt wctkjssjs
ck `y tc`j gkm C `ust fikejss tdgt C
dgvj kjvjr eiukm ikj wdi mcmkt
fdgraj substgktcgo ejjs eir tdjcr sjrv-
cfjs. @y jxpjrcjkfj ojm `j ti bjocjvj
tdgt tdj guti`ibcoj `gkuegfturjrs
gttrgftjm tdj `ist jxpjkscvj jxpjrts
gkm pgcm tdj` trj`jkmius su`s ie
`ikjy. Diwjvjr, C nust `jt gk jfiki-`cst eri` Qgsdckatik, M.F.wdisj ejjs
fdgrajm ck g pdgr`gfjutcfgo ogwsuct
`gy dgvj aikj ti tdj tip ie tdj pgy
sfgoj. Mr. Jrcf Agcjr tjstcecjm ck tdj
Gstrg^jkjfg fgsj gkm murcka friss
jxg`ckgtcik dgm ti gm`ct diw `ufd
dcs ecr , Bgtjs & Qdctj, dgm fdgrajm
Gstrg^jkjfg tdriuad 2881. Mr. Agcjr
dgm bjjk dcrjm by g figoctcik ie
ogwyjrs rjprjsjktcka g ku`bjr ie mrua
fi`pgkcjs ck ogtj 2886.
]dj Qgsdckatik-bgsjm jxpjrt
wirljm eir g ku`bjr ie tdj mrua fi`-
pgkcjs murcka 288=, 288:, 2885, 2881
gkm 2884 ti mgtj.Dj wgs ikj ie tdj 78
jxpjrts gsscakjm ck 2881 ti tdj
Gogbg`g fgsj by tdj figoctcik.Mr. Agcjr
tjstcecjm gt trcgo tdgt dj pjrsikgooy
bcoojm eir dcs tc`j gt $:3: pjr diur. Dj
spjkt ikj-tdcrm ie dcs titgo diurs ie
tc`j wirlcka ik tdj @jmcfgcm fgsjs
murcka 288=, 288: gkm 2885 gkm tdgt
ckfrjgsjm ti ikj-dgoe ie dcs tc`j ck
2881.]dgt rgtci fgrrcjm ivjr ckti 2884.
Bgsjm ik dc` bcoocka g titgo ie 2788
diurs jgfd yjgr gkm tdjk gppoycka tdj
pjrfjktgajs, Mr. Agcjrs titgo bcoo wiuom
jxfjjm $72 `coocik. Dj tiom tdj nury
tdgt dj dgm pjrsikgooy bjjk pgcm
$588,888 murcka 2881. Ck gmmctcik ti
Mr. Agcjr, 78 itdjrs ck dcs ecr` gosi
bcoojm Gstrg^jkjfg gt duaj diuroy
fdgrajs.Gt trcgo, Mr. Agcjr sgcm dj fiuom-
kt tjoo us diw `ufd tdj titgo g`iukts
wjrj tdgt dcs ecr` gftugooy bcoojm
Gstrg^jkjfg. ]dgt wgs prjtty dgrm ti
bjocjvj fikscmjrcka tdgt dj cs g $:3:
pjr diur jfiki`cst.
VJKG]IRIBG@GCV@SFDICFJ
C g` bgflcka Vjkgtir Bgrgfl Ibg`geir Xrjscmjkt.Kiw tdgt Nidk Jmwgrms cs
iut ie tdj rgfj, C g` aicka ti gftcvjoy
suppirt tdj Coockics Vjkgtir. C g` ecr`oy
fikvckfjm dj cs tdj pjrsik kjjmjm ti
brcka gbiut tdj fdgkajs tdgt grj si
bgmoy kjjmjm ck Qgsdckatik. C gosi
bjocjvj strikaoy tdgt Vjkgtir Ibg`g
wcoo bj gk iutstgkmcka prjscmjkt. Cts
quctj jvcmjkt tdgt tdj wckms ie fdgkaj
grj boiwcka gt g rjfirm focp goo gfriss
tdj ogkm, gkm tdgt tdcs `gk cs g brjgtd
ie erjsd gcr ik tdj pioctcfgo sfjkj. C g`
oiilcka eirwgrm ti dcs tglcka ivjr tdj
ojgmjrsdcp ck iur Kgtciks fgpctgo.
Fojgroy, tdj Ibg`g fgkmcmgfy dgs
briuadt kjw dipj ti `coociks ie
pjipoj ck iur fiuktry wdi dgvj bjjk
ojet iut wdjk ct fi`js ti mjfcscik-
`glcka ck Qgsdckatik. C tgoljm gt
ojkatd wctd tdj Vjkgtir bjeirj `glcka
up `y `ckm ti ajt gftcvjoy ckviovjm ck
dcs fg`pgcak gkm wgs quctj c`prjssjm.
C g` fikvckfjm Vjkgtir Ibg`g wcoowirl eir tdj priarg`s put eirwgrm by
`y ercjkm Nidk Jmwgrms, gkm tdgt wgs g
scakcecfgkt egftir ck `y mjfcscik ti nick
tdj Ibg`g tjg`.
@IK]AI@JRS@GSIRBIBBSBRCAD]QCOORZKEIRFIKARJVV
@iktai`jry @gyir Bibby Brcadt
dgs gkkiukfjm tdgt dj wcoo ruk eir
Fikarjss ck Gogbg`g. Bibby lcfljm iee
dcs fg`pgcak ck Izgrl wdjrj dj arjw
up.]dj Vjfikm Fikarjsscikgo Mcstrcft
sjgt cs g wcmj ipjk rgfj wctd ki
ckfu`bjkt.]dj mcstrcft fivjrs ufd ie
siutdjgst Gogbg`g gkm strjtfdjs goo tdj
wgy eri` Mitdgk ti Xrgttvcooj. Bibby,
wdi wgs ikj ie 7= fdcomrjk rgcsjm ik
g fittik egr` kjgr Izgrl, wgs tdj ecrst
ck dcs eg`coy ti ai ti fioojaj. Dj
bjfg`j g ogwyjr gkm jojftjm ti wirl
ck @iktai`jry. Bibby wgs jojftjm
@gyir ie @iktai`jry ck 7333 gkm wgs
rj-jojftjm ck 2886 gkm 2881. Ck `y
ipckcik, Bibby dgs bjjk gk iutstgkm-
cka `gyir gkm cs vjry wjoo ocljm by
eiols ck tdj Rcvjr Rjacik.
]dcs wcoo bj g ditoy fiktjstjm rgfj
wctd g ograj ku`bjr ie aiim fgkmc-
mgtjs ik tdj AIX scmj.Gorjgmy rukkckags Rjpubocfgks grj Vtgtj Vjkgtir Dgrrc
Gkkj V`ctd, Vtgtj Rjprjsjktgtcvj Ngy
Oivj, Vtgtj Rjprjsjktgtcvj Mgvcm
Arc`js, Mitdgk irgo surajik Frgca
Vf`cmtlj, @iktai`jry brigmfgstcka
jxjfutcvj Mgvcm Qiims, gkm Mitdgk
busckjss`gk Nidk @grtck.
]dcs wcoo bj g `ist cktjrjstcka rgfj
wctd g ku`bjr ie vjry aiim fgkmc-
mgtjs. Ck egft, tdcs `gy bj tdj bjst
ariup ie fgkmcmgtjs ck ikj rgfj tdgt C
dgvj sjjk ck yjgrs. Bibby wcoo mjec-kctjoy bj tdj Mj`ifrgtcf ki`ckjj gkm
wcoo egfj g strika AIX fgkmcmgtj ck tdj
egoo.Diwjvjr, gt tdcs nukfturj cts c`pis-
scboj ti ecaurj iut wdi cs tdj strikajst
ie tdj AIX fgkmcmgtjs. Ck gky jvjkt, cts
`y ipckcik tdj Mj`ifrgts dgvj g vjry
aiim fdgkfj ie tglcka tdcs sjgt!
NIVDVJAGOORZKKCKAEIRFIKARJVVCK]DCRMMCV]RCF]
Nisd Vjagoo,g @iktai`jry ogwyjr,dgs
gkkiukfjm dj cs rukkcka eir Fikarjss
ck Gogbg`gs 6rm Fikarjsscikgo Mcstrcft.
Nisd wcoo bj g fgkmcmgtj eir tdj Mj`if-
rgtcf ki`ckgtcik ck tdj Nukj 6rm prc`gry
eir tdj Z.V. Diusj sjgt furrjktoy djom
by Rjpubocfgk Rjp. @clj Riajrs. Nisd,
ce jojftjm, wcoo wirl ti frjgtj nibs ti
rjpogfj tdisj oist ck tdj foiscka ie
8/9/2019 The Jere Beasley Report, Mar. 2008
4/48= www.BjgsojyGoojk.fi`
tjxtcoj pogkts ck tdj grjg.]dj ]dcrm Fik-
arjsscikgo Mcstrcft ckfoumjs `ufd ie
jgst Gogbg`g gkm strjtfdjs eri` @ikt-
ai`jry ti Fdjriljj Fiukty ck tdj
kirtdjgstjrk pgrt ie tdj stgtj. Nisd cs
tdj sik ie `y vjry aiim ercjkm Bibby
Vjagoo gkm ce dj cs gkytdcka oclj dcs mgm,
dj wiuom bj g vjry aiim `j`bjr ie
Fikarjss ce jojftjm. @clj Riajrs, tdj
ckfu`bjkt, wcoo dgvj tdj burmjk ie
dgvcka ti jxpogck g ku`bjr ie dcs vitjs
gkm gosi wcoo dgvj ti try gkm mcstgkfj
dc`sjoe eri` dcs foisj tcjs ti tdj Busd
Gm`ckcstrgtcik.C dgvj g dukfd tdcs rgfj
`gy bj `ufd foisjr tdgk si`j ie tdj
pioctcfgo jxpjrts grj prjmcftcka.
@RV. NIDKKCJFGRRMCJVG]GAJ31
@rs. Nidkkcj Fgrr, wdi nickjm fdcom-
diim ercjkm Risg Xgrls ck tdj dcstircf@iktai`jry bus biyfitt gkm bjfg`j g
pri`ckjkt fcvco rcadts gftcvcst ivjr tdj
pgst dgoe fjktury,mcjm ogst `iktd gt tdj
gaj ie 31.@rs. Fgrr suffjjmjm tdj Rjv.
@grtck Outdjr Lcka Nr. gs Xrjscmjkt ie
tdj @iktai`jry C`privj`jkt Gssifcg-
tcik (@CG) ck 7351, g pist sdj stcoo djom
gt djr mjgtd. Ct wgs tdj kjwoy eir`jm
@CG tdgt ojm tdj biyfitt ie fcty busjs ck
tdj Gogbg`g fgpctgo ck 73:: getjr @rs.
Xgrls, g bogfl sjg`strjss, wgs grrjstjm
eir rjeuscka ti acvj up djr sjgt ti
wdctjs ik g friwmjm [email protected] wgs
g arjgt ogmy gkm dgs bjjk gk ckspcrgtcik
ti eiols gfriss tdj fiuktry. Vdj gkm C
bjfg`j vjry foisj ercjkms ivjr tdj
yjgrs gkm C mjvjoipjm g trj`jkmius
rjspjft gkm gm`crgtcik eir djr. @irrcs
Mjjs, fi-eiukmjr ie tdj Viutdjrk
Xivjrty Ogw Fjktjr, put ct vjry wjoo
wdjk dj mcsfussjm tdcs ogmys pogfj ck
dcstiry>
Nidkkcj Fgrr cs ikj ie tdj tdrjj
`gnir cfiks ie tdj Fcvco Rcadts
@ivj`jkt> Mr. Lcka, Risg Xgrls
gkm Nidkkcj Fgrr. C tdckl uotc-
`gtjoy, wdjk tdj eckgo dcstiry
biils grj wrcttjk, sdjoo bj ikj ie
tdj ejw pjipoj rj`j`bjrjm eir
tdgt tjrrcecf `ivj`jkt.
Ik g pjrsikgo kitj,gbiut tdrjj yjgrs
gai `y iomjst argkmmguadtjr, Vgrg
Bjgsojy, cktjrvcjwjm @rs. Fgrr eir g
sfdiio gsscak`jkt. Kjjmojss ti sgy, tdj
vcmjitgpjm cktjrvcjw wgs g rjgo dct
bgfl ck Guburk. Kibimy fiuom bjocjvj
tdgt Vgrg dgm gftugooy `jt gkm tgoljm
wctd g eg`ius pjrsik oclj @rs. Fgrr.
Vgrg, wdi cs kiw g nukcir gt Guburk
Dcad Vfdiio, sgys tdgt `jjtcka dgs dgm
g ogstcka jeejft ik djr. Vdj wcoo kjvjr
eirajt `jjtcka wctd g arjgt G`jrcfgk
wdi dioms g vjry spjfcgo pogfj ck iur
fiuktrys dcstiry. ]i sgy tdgt @rs.
Nidkkcj Fgrr wcoo bj `cssjm cs gk
ukmjrstgtj`jkt!
VXJFCGOCK]JRJV]OIBBSCV]VDGUJGUJV]JMCK]JRJV]CKQDIQCKVCKKIUJ@BJR
]dj vgst ku`bjr ie oibbycsts sup-pirtcka Nidk @fFgck cs stgaajrcka.]dcs
tjoos `j tdgt tdj spjfcgo cktjrjsts wdi
fiktrio Qgsdckatik mikt wgkt ti oisj
tdjcr arcp ik bitd tdj jxjfutcvj gkm
ojacsogtcvj brgkfdjs ie iur kgtcikgo aiv-
jrk`jkt.]dj piwjreuo ico, pdgr`gfju-
tcfgo, gkm cksurgkfj ckmustrcjs dgvj dgm
tdjcr agka ie oibbycsts dgrm gt wirl eir
tdj Grczikg Vjkgtir. Ck gmmctcik ti tdj
oibbycsts wdi grj bukmojrs eir
@fFgck, tdjrj grj g ku`bjr ie ogw
ecr`s wirlcka dgrm ik bjdgoe ie tdjcrfocjkts eri` tdjsj ckmustrcjs gkm tdjy
grj rgcscka bca bufls eir @fFgck.
Ce rjauogr eiols grj ti dgvj gky sgy ck
wdgt dgppjks ck iur kgtciks fgpctio
ivjr tdj kjxt eiur yjgrs, tdjy dgm bjst
bgfl tdj Mj`ifrgtcf ki`ckjj eir prjs-
cmjkt wdi C g` ecr`oy fikvckfjm wcoo
bj Vjkgtir Bgrgfl Ibg`g.Cktjrjstckaoy,
tdj Coockics Vjkgtir dgs rjeusjm ti tglj
gky fg`pgcak `ikjy eri` oibbycsts.
Dj cs bjcka eckgkfjm by rjauogr eiolswdi grj acvcka s`goo g`iukts ti dcs
fg`pgcak. Zkeirtukgtjoy, tdj AIX fgk-
mcmgtj wikt bj gboj ti sgy tdgt.
Vjkgtir @fFgck dgs ti mjpjkm ik tdj
spjfcgo cktjrjsts gkm tdj :21 fi``ct-
tjjs ti eurkcsd tdj `ikjy kjjmjm ti
ajt dcs `jssgaj iut.
GMJ@ ECKJVJTTIK@IBCO$38,888 EIRAGVRJOJGVJ
]dj Gogbg`g Mjpgrt`jkt ie Jkvcrik-
`jktgo @gkgaj`jkt (GMJ@) dgs eckjm
Jxxik@ibco $38,888 eir g foium ie pic-
sikius ags tdgt wgsdjm ivjr Mgupdck
Csogkm gkm scfljkjm g ku`bjr ie rjsc-
mjkts. ]dj pjkgoty, wdcfd wgs sgcm ti
brcka gbiut kjw sgejty `jgsurjs iktdrjj ie tdj fi`pgkys @ibcoj Bgy
kgturgo ags pogteir`s, wgs ojvcjm ck g
fiksjkt irmjr cssujm ogst `iktd.Jxxik-
@ibco ieecfcgos tiom tdj @ibcoj Xrjss-Rja-
cstjr tdgt tdj fi`pgky cs wirlcka wctd
oifgo j`jrajkfy ieecfcgos ti c`privj
prifjmurjs.]dj acgkt ico fi`pgky dgs
bog`jm tdj rjojgsj ie dymriajk suoecmj
ik g priboj` wctd g eogrj usjm ti burk
tdj ags si tdgt cts ki oikajr g tdrjgt.
Mjbrcs ck g ags suppoy ockj gppgrjktoy
fgusjm tdj eogrj ti ai iut gkm rjsuotjm
ck ukburkjm dymriajk suoecmj bjcka
rjojgsjm eir sjvjrgo `ckutjs.
Dymriajk suoecmj,wdcfd dgs g rittjk
jaa imir, cs g fi`pikjkt ie tdj
kgturgo ags `ckjm eri` bjkjgtd
@ibcoj Bgy. Mizjks ie pjipoj rjpirtjm
kgusjg gkm itdjr priboj`s ik tdj
csogkms jgst jkm. Fogssrii`s dgm ti bj
jvgfugtjm gt tdj Mgupdck Csogkm Vjg
Ogb. Fgrioyk Qiim, wdi cs wctd tdj
Vjg Ogb, wgs aogm GMJ@ cssujm g eckj,but sdj wgs mcsgppicktjm tdgt ikoy
tdj Jxxik@ibco pogteir`s wiuom bj
upargmjm. Vdj tiom tdj Xrjss-Rjacstjr
tdjrj grj sjvjrgo itdjr fi`pgkcjs
wctd primuftcik wjoos kjgr tdj csogkm.
C garjj wctd @rs. Qiim tdgt goo tdj
ckmustry sgejaugrms sdiuom bj
upargmjm. C gosi dgvj ti wikmjr wdy
tdj pjkgoty wgs si s`goo eir g rgtdjr
sjrcius gkm pitjktcgooy mgkajrius dgp-
pjkcka.But, wdjk yiu fikscmjr ct wgs
Jxxik@ibco, gk jxtrj`joy piwjreuogkm pioctcfgooy cke oujktcgo firpirgtcik,
C aujss tdgt gkswjrs y qujstcik.
Viurfj> @ibcoj Xrjss-Rjacstjr
@JRFLQCOOXGS$517 @COOCIK]IVJ]]OJ@JMCFGCMIUJRFDGRAJFGVJV
@jrfl dgs garjjm ti pgy g fi`bckjm
titgo ie $517 `coocik ti sjttoj fogc`s
8/9/2019 The Jere Beasley Report, Mar. 2008
5/48
www.BjgsojyGoojk.fi` :
tdgt ct ivjrfdgrajm @jmcfgcm priarg`s
eir twi bca-sjoocka mruas, Ucixx gkm
^ifir, gkm ti rjsiovj goojagtciks ie
c`pripjr grljtcka ti miftirs.@jrfl
pgcm c`pripjr ckmufj`jkts ti miftirs
ti prjsfrcbj tdj fdiojstjrio mrua ^ifir
gkm tdj pgcklcoojr Ucixx.]dj wrikami-
cka ck tdcs fgsjwdcfd g`iukts ti
ergumcs tdj sg`j sirt ie tdcka
Gstg^jkjfg wgs micka ck tdj fgsj tdgt
iur ecr` trcjm ogst `iktd ck @ikt-
ai`jry. @jrfl wgs dcmcka tdj stjjp
mcsfiukts ct agvj ti dispctgos by rjpirt-
cka dcadjr prcfjs ti tdj aivjrk`jkt.
Eri` 7331 ti 2887,@jrfl gosi agvj
`ikjy gkm pjrls ti miftirs gkm itdjr
djgotd fgrj priejsscikgos ti jktcfj
tdj` ti prjsfrcbj @jrfl mruas.]dcs cs
coojago ukmjr tdj ejmjrgo ogws. Ck g fgsj
ck Xdcogmjopdcg, @jrfl garjjm ti pgy
$633 `coocik pous cktjrjst eir c`pripjrfgofuogtcik ie @jmcfgcm rjbgtjs gkm cts
`grljtcka prgftcfjs. Ck g Oiucscgkg
fgsj, ct garjjm ti pgy $2:8 `coocik pous
cktjrjst eir cts rjbgtj prgftcfjs. ]dj
Oiucscgkg fgsj ckviovjm prcfcka eir tdj
djgrtburk mrua Xjpfcm wdjk ct wgs
siom ikoy wctd g prjsfrcptcik. ]dj
Xdcogmjopdcg fgsj, wdcfd ckviovjm g
rjogtjm Kjvgmg gftcik, ckviovjm prcfcka
priarg`s eir tdj fdiojstjrio mruas
^ifir gkm @jvgfir gkm tdj pgcklcoojr
Ucixx, wdcfd wgs puoojm eri` tdj`grljt ck Vjptj`bjr 288=. Goo stgtjs
wctd tdj jxfjptcik ie Grczikg wcoo
rjfjcvj eukms eri` tdj sjttoj`jkt gkm
tdgt ckfoumjs Gogbg`g.
Viurfj> Gssifcgtjm Xrjss
CC.
RJFJK]
VJ]]OJ@JK]V
BS ECR@
VJ]]OJ@JK]QC]DEIRM@I]IRFI. CKGRIIEFRZVDOGQVZC]
Iur ecr` rjfjktoy sjttojm g ogwsuct
gagckst Eirm @itir Fi. tdgt ckviovjm
tdj riie ik tdj 7337 ]gurus wdcfd wgs
cksueecfcjktoy mjscakjm.]dj ogfl ie tdj
vjdcfojs riie strjkatd fgusjm iur
focjkt ti sueejr sjrcius djgm cknurcjs
getjr dcs vjdcfoj strufl g fiw ik g mgrl
rigm ck g rurgo Gogbg`g fiukty. Ie
fiursj, strclcka ocvjstifl gkm mjjr ik
rurgo Gogbg`g rigms cs kit ukfi``ik.
Eirtukgtjoy, `gky vjdcfojs tdgt fiocmj
wctd ograj gkc`gos gbsirb tdj c`pgft
rgtdjr tdgk egcocka oclj tdcs Eirm riie
mcm ik tdcs iffgscik.
Qdgt wj mcsfivjrjm murcka iur
ckvjstcagtcik ie tdcs vjdcfoj wgs trgacf.
Ecrst, wj wjrj mcsgppicktjm ti ojgrk
tdgt Eirm dgs kit fikmuftjm g riooivjr
tjst ik gky vjdcfoj, ckfoumcka tdj
]gurus, sckfj 731=. Ck fiktrgst,fi`pg-
kcjs oclj Uiovi,@jrfjmjs, gkm Vggb riu-
tckjoy fikmuft riooivjr tjstcka, mrip
tjstcka, gkm jvjk ograj gkc`go c`pgft
tjstcka ck gk jeeirt ti mjtjr`ckj diw
tdj riie strufturjs ck tdjcr vjdcfojspjreir` wctd rjspjft ti iffupgkt
cknury pitjktcgo.
]djk, wj ojgrkjm tdgt iur focjkts
fgsj wgs kit ukcquj. Eirm dgs prjvc-
iusoy bjjk sujm bjfgusj itdjr ckki-
fjkt vcftc`s wjrj sjrciusoy cknurjm ir
lcoojm wdjk g Eirm riie fioogpsjm getjr
strclcka gk gkc`go. Ik ikj iffgscik, gk
jojvjk-yjgr-iom acro mcjm wdcoj trgvjocka
gs g pgssjkajr ck g 7332 Eirm ]gurus.
Qdcoj tdj fdcom wgs bjcka tgljk ti
sfdiio,djr `itdjr wgs ukgboj ti gvicmg dirsj. Zpik c`pgft, Eirms wjgl riie
fioogpsjm,lcoocka tdj yiuka acro.
Bjfgusj Eirm dgm kit fikmuftjm
ikj sckaoj riie frusd tjst ik tdj
]gurus, itdjr tdgk soiwoy prjsscka
miwkwgrm ik g riie wctd g pogtj ck
irmjr ti `jjt tdj `ckc`u` ejmjrgo
rjqucrj`jkt, wj gutdirczjm iur riie
frusd jxpjrt ti fikmuft tjstcka. Ct
sdiuom bj kitjm tdgt tdj `ckc`u`
ejmjrgo rjqucrj`jkt mijs kit ck gky
wgy rjprjsjkt wdgt iffurs ck rjgo
wirom frgsdjs. Ck gk jeeirt ti rjfrjgtj
tdj eirfjs ckviovjm ck iur gffcmjkt,iur
riie frusd jxpjrt fikstruftjm g fiw
mu``y wjcadcka 7488 piukms gkm
c`pgftjm sjvjrgo mceejrjkt Eirm ]gurus
riies gt vgrcius spjjms uktco tdj
mg`gaj priecoj ck tdj gffcmjkt vjdcfoj
wgs rjfrjgtjm.]dcs jkgbojm us ti mjtjr-
`ckj tdj g`iukt ie eirfj jxpjrcjkfjm
by tdj gffcmjkt vjdcfoj. Iur riie frusd
jxpjrt tdjk tiil g primuftcik ]gurus
gkm cktjrkgooy strjkatdjkjm tdj jxcst-
cka riie suppirt strufturjs. Dj tdjk
c`pgftjm tdj rjckeirfjm vjdcfoj wctd
tdj fiw mu``y gt tdj sg`j spjjm gkm
eirfj tdgt fgusjm tdj mg`gaj ti tdj
gffcmjkt vjdcfoj.]dj rjsuots ie dcs tjsts
wjrj gstikcsdcka.]dj fiw mu``y oct-
jrgooy biukfjm iee tdj rjckeirfjm
vjdcfoj.]dj riie frusd ck tdj gffcmjkt
vjdcfoj wgs ck jxfjss ie 75 ckfdjs.]dj
riie frusd ck tdj rjckeirfjm ]gurus wgs
gpprixc`gtjoy ikj ckfd. Iur focjkt
wiuom dgvj wgoljm gwgy eri` tdj
gffcmjkt dgm dj bjjk ck tdj ]gurus
wctd g pripjroy mjscakjm riie.
Qj wjrj gboj ti jstgbocsd tdgt
strjkatdjkcka tdj riie wiuom dgvj
fist Eirm gpprixc`gtjoy $22 pjr
vjdcfoj.Iur riie frusd jxpjrt picktjmiut tdcs wgs `ufd fdjgpjr ck fist gkm
ck wjcadt tdgk g ouxury ctj` sufd gs g
suk riie. Qj ojgrkjm tdgt tdj Eirm
]gurus mcm kit `jjt Eirms cktjrkgo
rjqucrj`jkts eir riie strjkatd.Qj mcs-
fivjrjm tdgt getjr tdj gffcmjkt vjdcfoj
wgs `gkuegfturjm, Eirm eurtdjr
rjmufjm cts cktjrkgo riie frusd rjqucrj-
`jkts.]dcs tii wgs surprcscka uktco wj
mcsfivjrjm gk cktjrkgo Eirm `j`irgk-
mu . Ck tdgt `j`i, tdj Fdgcr`gk ie
tdj Bigrm gkm Fdcje Jxjfutcvj Ieecfjrgt Eirm urajm Eirm jkackjjrs ti
rjmufj fists rjogtjm ti ctj`s mjscakjm
ti gfdcjvj ir jxfjjm fi`pocgkfj wctd
rjauogtiry rjqucrj`jkts ti gs oiw g
ojvjo gs pisscboj. Ck jssjkfj, dj wgs
uracka Eirm jkackjjrs ti mjscak miwk
ti tdj oiwjst pisscboj sgejty ojvjo
wdcfd wiuom stcoo gooiw Eirm ti ojagooy
sjoo vjdcfojs. ]dcs cs gkitdjr fogsscf
jxg`poj ie g fi`pgky pogfcka priects
ivjr sgejty. ]dj fgsj wgs sjttojm nust
bjeirj nury sjojftcik eir g fikecmjktcgo
g`iukt.Argdg` Jsmgoj gkm Fioj Xirtcs
eri` iur ecr` gkm Ribjrt ]di`psik
eri` ]usljajj dgkmojm tdj fgsj gkm
mcm g vjry aiim nib.
8/9/2019 The Jere Beasley Report, Mar. 2008
6/485 www.BjgsojyGoojk.fi`
UJRMCF]CKMJG]DFGVJCKARJJKQIIM,@CVVCVVCXXC
Xogcktcees Brcgk Rgckjs gkm Jrcf
Rgckjs ecojm g wrikaeuo mjgtd fgsj ck
2882 gagckst Mjejkmgkts Fjfco Dcaajr-
sik gkm Lcttoj Djgvy Dguocka, Ckf. ck
Ojeoirj Fiukty, @csscsscppc. Mjejkmgkts
kjaocajktoy egcojm ti pripjroy sjfurj g
oigm ie pcpjs gkm egcojm ti usj fdiflsik tdj pcpjs,fguscka tdj mjgtd ie tdj
pogcktcees egtdjr, @cfdgjo Rgckjs. @r.
Rgckjs, wdi wgs :7 yjgrs iom gt tdj
tc`j ie dcs mjgtd, wirljm eir Ckogkm
Mrjmacka Fi`pgky. Dj wgs g ocfjksjm
fgptgck gkm dgm wirljm gs g tjkmjr
bigt ipjrgtir sckfj tdj 7318s.
Diwjvjr, dj wgs wirlcka ck g mceecfuot
fgpgfcty gt tdj tc`j ie dcs mjgtd.Ckogkm
Mrjmacka Fi`pgky dgm g vjrbgo fik-
trgft wctd Lcttoj Djgvy Dguocka ti oigm
gkm trgkspirt ograj mrjmacka pcpjs
eri` Vgrmcs ti Arjjkwiim.]djsj pcpjs
wjrj gpprixc gtjoy 65ckfdjs ck mcg`-
jtjr, =4 ejjt oika gkm wjcadjm 7,:88-
7,488 piukms. Lcttoj Djgvy Dguocka, g
truflcka fi`pgky, ipjrgtjm iut ie
Djkgagr,Gogbg`g. Fjfco Dcaajrsik, gk
j`poiyjj ie Lcttoj Djgvy Dguocka,wgs
tdj mrcvjr dguocka tdj oigm ie pcpjs.
Ik Iftibjr 67,2887, tdj mrcvjr dgm
`gmj 2 prjvcius trcps ti Arjjkwiim
dguocka pcpjs wctdiut gky priboj`s.Ik tdj ogst oigm, g Lcttoj j`poiyjj
usjm tdj Lcttoj frgkj ti pogfj 75
mrjmacka pcpjs ik ti tdj trgcojr iwkjm
by Lcttoj ck Vgrmcs. ]dj pcpjs wjrj
stgfljm = pjr ogyjr wctd = ogyjrs ie
pcpj.Gosi, =x= tc`bjrs wjrj pogfjm ik
si`j pcpjs, but tdj oigm ie pcpjs dgm
ki fdifls. Gs yiu pribgboy lkiw, g
fdifl cs g wiimjk trcgkauogr wjmaj
tdgt cs kgcojm ti tdj =x= tc`bjr.
Qctdiut g fdifl, tdj pcpjs fgk sdcet
gkm fgk rioo iee tdj trgcojr. Fdgcks gkmstrgps wjrj ck pogfj ik tdcs oigm, but
gffirmcka ti jxpjrt wctkjss tjstc`iky,
tdisj fdgcks gkm strgps wikt prjvjkt
tdj pcpjs eri` sdcetcka gkm mikt
prjvjkt pcpjs eri` rioocka iee tdj
trgcojr gt tdj oigmcka sctj ir upik
grrcvgo gt tdj Arjjkwiim sctj wdjk
prjpgrcka ti ukoigm.Ct wgs ukmcsputjm
tdgt @r. Rgckjs gkm tdj itdjr Ckogkm
wirljrs wjrj kit ukoigmcka tdjsj
pcpjs wdjk tdj pcpj ejoo ik Rgckjs.
]djy wjrj gftugooy gsscstcka tdj trufl
mrcvjr by ukdiilcka tdj fdgcks gkm
rj`ivcka tdj strgps gkm fdgcks eri`
tdj tip ogyjr ie pcpjs bjeirj tdjy
fiuom ukoigm gkm tglj tdj pcpjs iee ie
tdj trgcojr. @r. Rgckjs dgm agtdjrjm tdj
fdgcks gkm acvjk tdj` ti tdj trufl
mrcvjr. Bitd @r. Rgckjs gkm tdj trufl
mrcvjr wjrj ik tdj mrcvjrs scmj ie tdj
trufl.Getjr tdj ogst fdgck eri` tdj tip
ogyjr ie pcpj wgs ukdiiljm eri` tdj
trgcojr, g pcpj ejoo iee tdj trgcojr, dct @r.
Rgckjs,fguscka dcs mjgtd.
Lcttojs iwk piocfcjs gkm prifjmurjs
rjqucrjm tdgt tdjcr mrcvjrs usj fdifls
ik g oigm ie pcpjs sufd gs tdcs oigm.]dj
Lcttoj mrcvjrs wjrj rjqucrjm ti usj
fdifls wdcfd tdjy ukmjrstiim. Lcttoj
dgm ckstruftjm tdjcr mrcvjrs ti usjtdj`. ]dj vcfj prjscmjkt ie tdj
fi`pgky tjstcecjm gt trcgo tdgt fdifls
wjrj gvgcogboj ti tdjcr mrcvjrs eir usj gt
tdj Vgrmcs sctj.]dj Ckogkm wirljrs tjstc-
ecjm gt trcgo tdgt kikj ie tdj oigms ie
pcpj dguojm by Lcttoj eir Ckogkm dgm
fdifls ik tdj`.
Mr. Fdgrojs Bjkjmcft,wdi cs g priejs-
scikgo ocfjksjm jkackjjr, wgs gffjptjm
by tdj Fiurt gs gk jxpjrt wctkjss. Dj
tjstcecjm ik bjdgoe ie Xogcktcees gt trcgo
tdgt g oigm ie pcpjs oclj tdcs oigm `ustdgvj fdifls kgcojm ti tdj =x= ti prip-
jroy sjfurj tdj pcpjs gkm ti prjvjkt
tdj oigm ie pcpjs eri` sdcetcka ir
rioocka.Mr. Bjkjmcft cs eg`cocgr wctd tdj
fusti`s ck tdj truflcka ckmustry gkm
dgs bjjk eg`cocgr wctd tdisj fusti`s
eri` tdj 7358s ti tdj prjsjkt. ]dj
fusti` ck tdj truflcka ckmustry cs tdgt
g oigm ie pcpjs oclj tdcs ikj sdiuom bj
fdifljm. Gt trcgo, Mr. Bjkjmcfts tjstc-
`iky wgs ukmcsputjm. Ck egft, Lcttojs
ogwyjrs dcrjm g truflcka jxpjrt, but
fiuom kit fgoo dc` ti tjstcey gt trcgo.
Bgsjm ik tdj ckmustry stgkmgrms gkm
dcs jmufgtcik, trgckcka gkm jxpjrcjkfj,
Mr. Bjkjmcft tjstcecjm tdgt Mjejkmgkts
brjgfdjm tdj stgkmgrm ie fgrj by
egcocka ti pripjroy sjfurj tdj oigm ie
pcpjs gkm by kit uscka fdifls. Mr.
Bjkjmcft gosi tjstcecjm ti tdj uotc`gtj
cssuj ck tdcs fgsjtdgt Mjejkmgkts
egcourj ti fdifl tdj oigm ie pcpjs
fgusjm tdj pcpj ti rioo iee ie tdj trgcojr
gkm fgusjm @r. Rgckjs mjgtd. ]dj
Mjejkmgkts mcm kit mcsputj Mr. Bjkj-
mcfts tjstc`iky.
Gk jfiki`cst, Ng`js Lijrbjr, wgs
gffjptjm by tdj fiurt gs gk jxpjrt
wctkjss gkm tjstcecjm gt trcgo fikfjrk-
cka tdj jfiki`cf oiss sueejrjm by tdj
jstgtj ie @cfdgjo Rgckjs gkm dcs twi
siks.@r. Lijrbjr tjstcecjm gs ti tdj oiss
ie euturj jgrkcka fgpgfcty ie @r.
Rgckjs. Dcs tjstc`iky wgs gosi ukmcs-
putjm by Mjejkmgkts.
Getjr sjojftcka g nury ck Ojeoirj
Fiukty, @csscsscppc, ik @grfd =, 2884,
tdj fgsj wgs trcjm eir sjvjrgo mgys.]dj
nury rjturkjm g vjrmcft ck egvir ie Xogck-
tcees eir $4:8,888. Vckfj @csscsscppc cs g
fi`pgrgtcvj kjaocajkfj stgtj, tdj nury
gppirtcikjm si`j eguot ti Lcttoj DjgvyDguocka gkm si`j eguot ti Ckogkm.]dj
fgsj wgs trcjm eir tdj pogcktcees by Nuocg
Bjgsojy gkm Kgvgk Qgrm, Nr. ie iur ecr`
gkm Fdgrojs N.Vwgyzj, Nr. gkm Fdgrojs N.
Vwgyzj, CCC, ie Qdcttckatik, Brifl &
Vwgyzj, X.G, eri` Arjjkwiim, @csscs-
scppc.]djy mcm g vjry aiim nib gkm ait
g aiim rjsuot ukmjr @csscsscppc ogw eir
tdjcr focjkts.
CCC.OJACVOG]CUJ
DGXXJKCKAV
RJAZOGRVJVVCIKV]GR]VQC]DG EOZRRSIEGF]CUC]S
Murcka tdj ecrst wjjls ie tdj Rjauogr
Vjsscik, tdjrj dgs bjjk g prjtty aiim
bct ie gftcvcty ck bitd tdj Diusj gkm
Vjkgtj.Gs usugo, tdj Diusj dgs bjjk tdj
`irj gftcvj, but tdj Vjkgtj dgskt bjjk
tii bgm tdus egr. Ct gppjgrs g bcoo
bgkkcka XGF-ti-XGF trgksejrs wcoo jvjk-
tugooy `glj ct tdriuad tdcs tc`j. ]dj
Vjkgtj pgssjm tdj Diusj bcoo wctd
fdgkajs, but tdj fdgkajs wjrj rjnjftjm
by tdj Diusj.]dj bcoo wgs sjkt ti fik-
ejrjkfj, wdcfd `jgks g fikejrjkfj
fi``cttjj wcoo bj rjqucrjm ti wirl iut
g aiim bcoo.Qdcoj jmcg rjpirts dgvjkt
8/9/2019 The Jere Beasley Report, Mar. 2008
7/48
bjjk tii lckm ti tdj Vjkgtj si egr, C g`
dipjeuo tdj Vjkgtirs wcoo put gscmj
pioctcfgo mceejrjkfjs gkm dgvj g aiim
sjsscik.
]DJBCVDIX-BGRRIKRJVIOZ]CIK
C `ust fikejss tdgt g ku`bjr ie eiols
wjrj oiilcka eirwgrm ti riukm twi ietdj Bcsdip-Bgrrik bgttoj gs g fgrry-
ivjr eri` ogst yjgrs mjbgfoj. Diwjvjr,
ct gppjgrs fiiojr djgms prjvgcojm gkm g
sdiwmiwk bjtwjjk tdj twi jomjroy
sjkgtirs wgs gvjrtjm. Vjkgtir Bcsdip
`gmj g pubocf gpioiay eir dcs gftciks
gkm C ukmjrstgkm tdj Ngspjr ogw`gljr
gosi `gmj g pjrsikgo gpioiay ti
Vjkgtir Bgrrik.Dipjeuooy, tdjrj wikt
bj gky `irj ie tdj sirt ie tdcka tdgt
dgs bjjk mjsfrcbjm gs g pubocf mcs-
argfj gkm wdcfd briuadt ukcvjrsgorcmcfuoj ti tdj stgtj.]djrj cs tii `ufd
c`pirtgkt wirl tdgt kjjms ti bj mikj
eir tdj Vjkgtj eir cts `j`bjrs ti
spjkm gky `irj tc`j ecadtcka ik tdj
Vjkgtj eoiir. @y cktjktcik cs ti kjvjr
`jktcik ct gagck ck gky euturj cssujs ie
tdcs Rjpirt. C dipj tdgt tc j wcoo
sietjk tdj bgm c`gaj frjgtjm ogst yjgr
gs g rjsuot ie gk crrjspikscboj gft.
GOGBG@GOJACVOG]ZRJQIK]QIRLIKBZMAJ]VZK]COGE]JRJGV]JR
]dj Fdgcr`jk ie tdj Ojacsogturjs
bumajt fi``cttjjs dgvj pistpikjm
wirl ik tdj twi stgtj bumajts uktco
ogtjr tdcs `iktd ir jgroy Gprco. Kir-
`gooy, wirl stgrts `ufd jgrocjr, but
bjfgusj ie tdj ukfjrtgckoy rjogtcka ti
ecsfgo eirjfgsts tdj mjogy sjj`s ti bj g
aiim cmjg. @ufd mjpjkms ik diw tgx
fioojftciks wcoo egrj murcka tdj jfi-
ki`cf soiwmiwk. Vi egr murcka tdcsecsfgo yjgr, tdj stgtjs sgojs tgx fioojf-
tciks grj eogt gkm tdj ckmcvcmugo ckfi`j
tgx fioojftciks grj ariwcka ojss tdgk
7%.Diusj bumajt fi``cttjj Fdgcr`gk
Nidk Lkcadt sgys dcs fi``cttjj sdiuom
tglj up tdj Ajkjrgo Eukm bumajt getjr
tdj Ojacsogturjs Jgstjr brjgl.
Vjkgtj Bumajt Fi``cttjj Fdgcr`jk
Dgkl Vgkmjrs gkm Riajr Bjmeirm sgcm
tdjy wcoo wgct uktco Gprco eir tdj Jmufg-
tcik gkm Ajkjrgo Eukm bumajts ck tdj
Vjkgtj.]dj twi Vjkgtj fdgcr`jk sgcm
tdjy dipj ti dgvj g bjttjr pcfturj by
tdjk wdjtdjr bca futs wcoo bj kjfjs-
sgry eir si`j priarg`s.]dj bumajts
`ust bj eckcsdjm bjeirj tdj ojacsogtcvj
sjsscik jkms ck `cm-@gy. Dipjeuooy, tdj
jfiki`cf wijs fgusjm by tdj Busd
Gm`ckcstrgtciks crrjspikscboj ecsfgo
piocfcjs gkm tdj ukfiktrioojm spjkmcka
tdgt rjsuotjm wikt fgusj iur stgtj ti
sueejr ti gky arjgt jxtjkt. Diwjvjr, tdj
jfiki`cf miwkturk fiuom rjsuot ck tdj
futtcka ie aiim gkm bgmoy kjjmjm pri-
arg`s.]djsj wiuom ckfoumj bitd jmu-
fgtcik priarg`s gkm tdisj priarg`s
eukmjm iut ie tdj ajkjrgo eukm bumajt.
Viurfj> Gssifcgtjm Xrjss
G]]IRKJSAJKJRGOXRIXIVJV]IZADJROGQGAGCKV]MRCKLCKAGKMMRCUCKA
Gogbg`g Gttirkjy Ajkjrgo ]riy Lcka
dgs pripisjm ojacsogtcik ti tiuadjk tdj
ogw gagckst pjipoj wdi mrckl gofidiocf
bjvjrgajs gkm tdjk mrcvj. ]dj bcoo
wiuom ckfrjgsj tdj sjktjkfjs eir vciog-
tirs gkm wiuom `glj si`j MZC ieejkm-
jrs ckstgoo cktjroiflcka mjvcfjs ck tdjcr
fgrs si tdj vjdcfoj wiuom kit stgrt uktco
tdj mrcvjr pgssjm gk ik-tdj-spit brjgtd-
goyzjr tjst.]dj Gttirkjy Ajkjrgos pri-
pisgo wiuom rj`ivj g oiipdioj eri`
tdj stgtjs furrjkt MZC ogw.]dj Gogbg`g
Fiurt ie Frc`ckgo Gppjgos ruojm ck Vjp-
tj`bjr tdgt tdj eiur fikvcftciks tdgt
rgcsj g mrukljk mrcvcka sjktjkfj eri` g
`csmj`jgkir ti g ejoiky `ust bj
wctdck g ecvj-yjgr pjrcim. ]dj ruocka
strufl miwk g oika ejoiky sjktjkfj eir
g `itircst wdi dgm sjvjk MZC fikvcf-
tciks wctdck 7: yjgrs, but ikoy tdrjj
wctdck g ecvj-yjgr pjrcim.]dj kjw ogwwiuom `glj ct fojgr tdgt mrukljk
mrcvcka cs g ejoiky getjr eiur fikvcftciks
wctd ki jxfjptciks. Eir tdcrm-tc`j
ieejkmjrs, tdj bcoo wiuom gooiw tdj
numaj ti rjqucrj tdj ieejkmjr ti ckstgoo
tdj cakctcik cktjroifl mjvcfj. Mrcvjrs
`ust boiw ckti tdj mjvcfj gkm tdj fgr
wikt stgrt ce tdj mrcvjr cs cktixcfgtjm.
Viurfj> Gssifcgtjm Xrjss
@CKC@Z@OC@C]VBCOOXGVVJV
]dj Diusj ie Rjprjsjktgtcvjs dgs
pgssjm g bcoo tdgt wcoo brcka Gogbg`g ck
ockj wctd gbiut dgoe tdj Viutd by
rgcscka tdj `ckc`u` g`iukt ie guti-
`ibcoj ocgbcocty cksurgkfj tdgt
`itircsts `ust buy.]dj Diusj vitjm
42-8 eir ojacsogtcik by Rjp. @grf
Ljgdjy, M-Arivj Dcoo, tdgt wiuomrjqucrj `itircsts ti fgrry $2:,888 ck
fivjrgaj eir g sckaoj cknury ir mjgtd,
$:8,888 eir uotcpoj cknurcjs ir mjgtds,
gkm $2:,888 eir pripjrty mg`gaj.]dj
furrjkt `ckc`u` oc`cts ukmjr
Gogbg`gs `gkmgtiry cksurgkfj ogw
grj $28,888, $=8,888 gkm $78,888,
rjspjftcvjoy. Rjp. Ljgdjys bcoo kiw
aijs ti tdj Vjkgtj,wdjrj gk cmjktcfgo
`jgsurj by Vjk. Riajr Bjmeirm wgs
prjvciusoy pgssjm by g vitj ie 66-8. Eir
tdj dcadjr rjqucrj`jkts ti bjfi`j
ogw, Ljgdjys bcoo `ust pgss ck tdj
Vjkgtj ir Bjmeirms bcoo `ust wck
gpprivgo ck tdj Diusj.
]dj pripisjm kjw `ckc`u`s wiuom
brcka Gogbg`g ck ockj wctd tdj cksur-
gkfj rjqucrj`jkts ck Grlgksgs,
Ajiracg,@csscsscppc,Viutd Fgriockg gkm
]jxgs.]jkkjssjj,Ucrackcg gkm Ljktufly
dgvj tdj sg`j oc`cts eir cknurcjs gkm
mjgtds but s`goojr g`iukts eir prip-
jrty mg`gaj.Eoircmg gkm Oiucscgkg dgvjoiwjr g`iukts gfriss tdj bigrm, gkm
Kirtd Fgriockgs `ckc`u`s grj dcadjr
eir cknurcjs gkm mjgtds tdgk tdisj pri-
pisjm eir Gogbg`g, gffirmcka ti tdj
Cksurgkfj Ckeir`gtcik Ckstctutj.
Qdcoj pgssgaj ie tdcs ojacsogtcik
wiuom bj g aiim tdcka,ct cs arissoy ckgm-
jqugtj.G sjrcius `itir vjdcfoj gffcmjkt
rjsuotcka ck sjvjrj mcsgbocka cknurcjs
wiuom ibvciusoy ckviovj `jmcfgo bcoos
goikj tdgt wiuom arjgtoy jxfjjm tdj
g`iukt ie gvgcogboj cksurgkfj. ]djgkswjr cs eir pjrsiks wdi dgvj ocgbcocty
cksurgkfj ti purfdgsj ukcksurjm
`itircst fivjrgaj ck tdj ograjst g`iukt
pisscboj eri` tdjcr cksurgkfj fgrrcjr.
]dj prj`cu`s eir dcadjr ukcksurjm
`itircst fivjrgaj cs egcroy ckjxpjkscvj.
Zkcksurjm `itircst fivjrgaj cs iptcikgo
ck Gogbg`g. Ct lcfls ck wdjk tdj mrcvjr
gt eguot ck gk gffcmjkt dgs ki cksurgkfj
www.BjgsojyGoojk.fi` 1
8/9/2019 The Jere Beasley Report, Mar. 2008
8/484 www.BjgsojyGoojk.fi`
ir tii octtoj cksurgkfj ti fivjr goo tdj
mg`gaj.G stumy rjojgsjm ogst yjgr by tdj
kikpriect Cksurgkfj Rjsjgrfd Fiukfco
sdiwjm tdgt 2:% ie Gogbg`g mrcvjrs
ogfljm cksurgkfj bjtwjjk 7333 gkm
288=.]dgt tcjm Gogbg`g wctd Fgoceirkcg
eir tdj sjfikm-dcadjst pjrfjktgaj ie
ukcksurjm mrcvjrs. @csscsscppc wgs ecrst.
Qdcoj pgssgaj ie tdj `ckc`u` oc`cts
bcoo siukms aiim, ckfrjgscka tdj ukck-
surjm `itircst fivjrgaj cs tdj rjgo
gkswjr wdjk ct fi`js ti pritjftcka
cksurjm mrcvjrs.
Viurfj> Gssifcgtjm Xrjss
CU.
FIZR] QG]FD
FDCJENZV]CFJQGRKVIEOGSIEEVCKFIZR]V
Fdcje Nustcfj Vuj Bjoo Fibb sgys tdj
stgtj fiurt systj` wcoo dgvj ti ogy iee
j`poiyjjs uktco tdj systj` ajts g
bumajt ckfrjgsj. ]dj fiurts ck
Gogbg`gs 51 fiuktcjs grj ajttcka g
stgtj gppriprcgtcik ie $7::.4 `coocik
tdcs yjgr ti pgy numajs, fiurt fojrls,
nuvjkcoj pribgtcik ieecfjrs gkm itdjr
j`poiyjjs. Goo but $6 `coocik ie tdj
gppriprcgtcik cs aicka eir sgogrcjs gkmbjkjects, gffirmcka ti tdj Fdcje
Nustcfj, wdi djgms Gogbg`gs fiurt
systj`. Eir tdj kjw ecsfgo yjgr bjack-
kcka Iftibjr 7st, tdj fdcje nustcfj dgm
siuadt gk ckfrjgsj ti $71= `coocik,
but Aivjrkir Bib Rcojy dgs rjfi`-
`jkmjm $7:5.3 `coocik, wdcfd cs nust
gbiut ojvjo eukmcka.
Fdcje Nustcfj Fibb wgs tdj ecrst fdcje
nustcfj ckvctjm ti acvj g Vtgtj ie tdj
Numcfcgry spjjfd ti g nickt sjsscik ie
tdj Ojacsogturj sckfj Fdcje NustcfjVikky Dirksby ck 7343. ]dj Fdcje
Nustcfj rjpirtjm tdgt numajs grj trycka
ti djop jgsj tdj ariwcka ku`bjr ie
stgtj prcsikjrs by mjvjoipcka mrua
fiurts gkm uscka fi``ukcty firrjf-
tciks. Bitd priarg`s ljjp kikvciojkt
ieejkmjrs iut ie prcsik by ojttcka tdj`
rj`gck ck tdjcr fi``ukctcjs wctd
cktjkscvj `ikctircka. Mrua fiurt gosi
ckviovjs rgkmi` mrua tjsts 78 ti 72
tc`js `iktdoy ti `glj surj pgrtcfc-
pgkts stgy iee mruas. By tdcs tc`j kjxt
yjgr, tdj Fdcje Nustcfj Fibb prjmcftjm
sdj wiuom bj gboj ti rjpirt g mjfockj
ck Gogbg`gs prcsik pipuogtcik
wctdiut fi`pri`cscka pubocf sgejty.
Jvjrybimy fikfjrkjm sdiuom garjj
tdgt tdj fiurt systj` ck Gogbg`g `ust
bj gmjqugtjoy eukmjm. ]i `glj tdgt
dgppjk, tdj ojacsogtirs sdiuom `jjt
tdj systj`s kjjms wctd gk ckfrjgsj ck
tdj aivjrkirs pripisgo.
Viurfj>Gssifcgtjm Xrjss
V]G]JIEGOGBG@GGXXJGOVG XIR]CIKIE]DJJTTIKFGVJ
Jxxik@ibco dgs pgcm g titgo ie
$727,:77,267 ti tdj Vtgtj ie Gogbg`g
,wdcfd rjprjsjkts `ist ie wdgt tdjpiwjreuo ico acgkt iwjm tdj stgtj getjr
tdj Gogbg`g Vuprj`j Fiurt tiil gwgy
goo ie tdj pukctcvj mg`gajs. Kiw tdj
Vtgtj cs gppjgocka tdj trcgo numajs
ruocka ik g pirtcik ie tdj fi`pjksg-
tiry mg`gajs ti tdj Vuprj`j Fiurt ck
gk jeeirt ti rjfivjr tdj gmmctcikgo
$27.6 `coocik wj fiktjkm Jxxik stcoo
iwjs tdj Vtgtj. Qj bjocjvj tdgt ik
gppjgo tdcs ruocka wcoo bj ck tdj Vtgtjs
egvir. ]dj gmmctcikgo g`iukt muj cs
gftugooy eri` g 72% pjkgoty tdgt cs
rjqucrjm ti bj pgcm ik ukpgcm riygotcjs.
Jxxik dgm tgljk tdj pisctcik tdgt tdcs
wgs g pjkgoty gkm kit cktjrjst, tdgt cs,
tdgt wgs tdj fi`pgkcjs pisctcik prcir
ti tdj ogst djgrcka.]djcr pisctcik dgm
fdgkajm by tdj tc`j tdj djgrcka wgs
djom.Qdgt dgm bjjk tjr`jm g pjkgoty
by Jxxik@ibco goo ie g summjk bjfg`j
cktjrjst.
GOGBG@GVZXRJ@JFIZR]ECKGOOSMIJV]DJRCAD]]DCKA
]dj Gogbg`g Vuprj`j Fiurt eckgooy
firrjftjm g arcjvius wrika tdgt dgm
bjjk mikj by tdj dcad fiurt. Gs g
rjsuot, pjrsiks oclj tdj ogtj Ngfl Fockj
wcoo kiw bj gboj ti dgvj tdjcr mgy ck
fiurt.Gs yiu lkiw, Ngfl Fockj wgs octjr-
gooy picsikjm ik tdj nib gkm tdj
fi`pgky tdgt `gmj tdj tixcks tdgt
lcoojm dc` sdiuom dgvj bjjk djom
rjspikscboj.Gotdiuad tdj rjsuot ck tdj
rjfjkt fgsj wikt geejft tdj Fockj
eg`coy, gt ojgst gffirmcka ti g rjpirt ck
tdj Bcr`ckadg` Kjws tdj fiurt
ecxjm tdj Fockj priboj`. Rjagrmojss
ie diw si`j ie tdj nustcfjs rjgooy
ejjodgm ct kit bjjk eir Ngfl Fockj
tdj rjfjkt mjfcscik by tdj mcvcmjm
fiurt wiuom kjvjr dgvj dgppjkjm. Eir-
tukgtjoy, g `gnircty ie tdj nustcfjs ik
tdj Vuprj`j Fiurt eckgooy stiim up
gagckst tdj piwjr gkm ckeoujkfj ie tdj
bca busckjss oibby ck Gogbg`g.Gs yiu
wcoo rjfgoo, Ngfl Fockj mcjm ie `yjoiaj-
kius ojulj`cg ck Ngkugry getjr g oika
gkm uksuffjsseuo bgttoj ti dgvj tdj
egfts ie dcs fgsj djgrm by g nury. Dj
eiuadt eir nustcfj up uktco dj mcjm, gkm
ck `y ipckcik tdcs `gk wgs g trujG`jrcfgk djri.
Ck tdj rjfjkt fgsj, ecvj `j`bjrs ie
tdj fiurtFdcje Nustcfj Vuj Bjoo Fibb
gkm Nustcfjs Fdg`p Oyiks Nr., ]i`
Qiimgoo, ]i` Xgrljr gkm Aojkk
@urmiflvitjm ti ivjrturk mjfgmjs
ie prjfjmjkt tdgt `gmj ct vcrtugooy
c`pisscboj eir Gogbg`cgks scfljkjm by
tixcks ti dgvj tdjcr fgsjs djgrm by g
fiurt gkm nury.]dcs mjfcscik ivjrturks
ikj ie tdj wirst ruojs ie ogw jvjr ti
dgvj jxcstjm ck iur stgtj.Kiw g wrika-euo mjgtd ogwsuct tdgt g trcgo numaj dgm
bgrrjm ik ariukms tdgt tdj pogcktcee
wgctjm tii oika ti ecoj suct wcoo ai
eirwgrm.
]dj :-= mjfcscik wcoo gooiw Gogbg`c-
gks jxpisjm ti tixcf fdj`cfgos getjr
Ngkugry 2:, 2885, ti suj tdj `gkuegf-
turjrs ce tdjy bjfi`j coo ck tdj euturj,
but ct wcoo kit gppoy ti tdiusgkms ie
pjipoj wdi wjrj ogst jxpisjm bjeirj
tdgt mgtj. Bcr`ckadg` ogwyjr Bib
Xgo`jr, wdi rjprjsjkts tdj pogcktcee ck
tdj fgsj,g wcmiw ie g ]usfgoiisg `gk
wdi mcjm eri` g rgrj eir` ie ojulj`cg,
ibsjrvjm getjr tdj fiurt ruojm>
Mjkcgo ie nustcfj ti gkyikj cs kit
nustcfj. ... Cts g vcftiry, but cts kit
g fi`pojtj vcftiry.
Bib cs firrjft, tdj nib cskt eckcsdjm.
]dj Gogbg`g Ojacsogturj sdiuom
8/9/2019 The Jere Beasley Report, Mar. 2008
9/48
8/9/2019 The Jere Beasley Report, Mar. 2008
10/4878 www.BjgsojyGoojk.fi`
acboj eir pgy jkt. C dipj nustcfj wcoo bj
mikj.
Viurfj> Gssifcgtjm Xrjss
GKGXXJGOVFIZR]IUJR]ZRKV]RGUJOJRV$:88 @COOCIKGVBJV]IVVJ]]OJ@JK]
G ejmjrgo gppjgos fiurt dgs ivjr-
turkjm g $:88 `coocik sjttoj`jktrjgfdjm twi yjgrs gai by ]dj ]rgvjojrs.
Fis. Ckf. ]dcs ruocka fiuom rjsuot ck
`irj ogwsucts bjcka ecojm gagckst tdj
fi`pgky.]dj ruocka by tdj Z.V. Fiurt
ie Gppjgos eir tdj Vjfikm Fcrfuct
vgfgtjm g @grfd 2885 mjfcscik ie tdj
Z.V.Mcstrcft Fiurt eir tdj Viutdjrk Mcs-
trcft ie Kjw Sirl.]dj 2885 sjttoj`jkt,
wdcfd grisj eri` tdj sjttoj`jkt ie
gsbjstis fogc`s grcscka iut ie g suct by
Mjkvjr, Fioirgmi-bgsjm Nidks-@gkvcooj
Firp.,cs subnjft ti eckgo fiurt gpprivgo.]rgvjojrs cksurjm @gkvcooj,wdcfd ecojm
eir bgklruptfy ck 7342,wdcoj ct `gmj
gkm siom gsbjstis eri` tdj 73=8s ti tdj
7318s.]rgvjojrs sgys ct wcoo kit gmnust
tdj ojvjo ie cts gsbjstis rjsjrvjs gs g
rjsuot ie tdj Vjfikm Fcrfucts mjfcscik.
Ct wcoo bj cktjrjstcka ti sjj diw tdcs
ogtjst mjvjoip`jkt pogys iut.
Viurfj> Cksurgkfj Niurkgo
NZMAJGOOIQVFOGVVGF]CIKDI]EZJOOGQVZC]]IXRIFJJM
Gs tdj rjsuot ie g ejmjrgo numajs
ruocka,g fogss-gftcik ogwsuct gagckst Z.V.
ico fi`pgkcjs eir kit gmnustcka agsi-
ockj prcfjs ir viou`j eir tj`pjrgturj
wcoo ai eirwgrm. Z.V. Mcstrcft Numaj
Lgtdryk Urgtco, djgrcka ogwsucts eri`
gfriss tdj fiuktry fiksiocmgtjm ck djr
fiurt ck Lgksgs Fcty, Lgksgs, rjnjftjm g
`itcik by tdj ico fi`pgkcjs ti mcs`css
tdj ogwsuct. Ck micka si, tdj numaj sgcmtdj mjejkmgkts dgm kit jxpogckjm diw
tdjcr grau`jkts, jvjk ce gffjptjm,
wiuom prjfoumj tdj pogcktceesfogc`s.
]dj ogwsuctseri` 25 stgtjs, Aug`,
gkm tdj Mcstrcft ie Fiou`bcgfik-
tjkmjm tdgt fusti`jrs fgk bj
mjfjcvjm, sdirtfdgkajm, ir bitd
bjfgusj `itir eujo cs siom by viou`j
gkm kit gmnustjm eir tj`pjrgturj. Gt
tdj oikatc`j ckmustry stgkmgrm ie 58
mjarjjs, tdj 267-fubcf-ckfd Z.V. agooik
puts iut g fjrtgck g`iukt ie jkjray.
But eujo cs ietjk siom gt `ufd dcadjr
tj`pjrgturjs, fguscka tdj eujo ti
jxpgkm gkm tdj g`iukt ie jkjray ti
mjfockj eir jgfd agooik mcspjksjm.Fik-
su`jrs kgtcikwcmj gkkugooy pgcm gk
jstc`gtjm $2.6 bcoocik `irj tdgk tdjy
itdjrwcsj wiuom dgvj ti bjfgusj tdj
yjgr-riukm gvjrgaj eujo tj`pjrgturj
wgs kjgroy ecvj mjarjjs dcadjr tdgk tdj
kgtcikwcmj stgkmgrm.
]dj ogwsucts dgvj `irj tdgk 788
mjejkmgkts, ckfoumcka `gnir ico fi`pg-
kcjs,mcstrcbutirs, gkm eujo rjtgcojrs.]dj
pogcktcees ckfoumj jvjrymgy fiksu`jrs,
trufljrs, gkm s`goo busckjssjs. Qdcoj
tdcs fiurt irmjr wgs `ist scakcecfgkt,
tdj numaj wgs sc`poy eiooiwcka tdj ogw.
Bib Dirk, g vjry aiim Lgksgs Fctyogwyjr, cs g fi-ojgm fiuksjo ck tdcs octcag-
tcik. Qj wcoo fiktckuj ti `ikctir
eurtdjr mjvjoip`jkts ck tdcs fgsj sckfj
wj grj gftcvjoy ckviovjm tdj octcagtcik.
Rdik Nikjs cs tdj ojgm ogwyjr eir iur
ecr` ck tdj fgsjs.
Viurfj> Lgksgs Fcty Vtgr
NZMAJZXDIOMV$735.2 @COOCIKGQGRMGAGCKV]MZXIK]
G Qjst Ucrackcg Vtgtj fcrfuct numaj
dgs updjom g $735.2 `coocik pukctcvj
mg`gajs gwgrm gagckst MuXikt ck tdj
fogss gftcik piooutcik fgsj tdgt wj
writj gbiut rjfjktoy. Ck dcs irmjr,
Numaj ]di`gs G. Bjmjoo gosi irmjrjm
tdj Qco`ckatik, Mjogwgrj-bgsjm
fdj`cfgo acgkt ogst `iktd ti sjt gscmj
kjgroy $768 `coocik eir g `jmcfgo
`ikctircka pogk. Numaj Bjmjoo sgcm tdj
pogk wiuom bj ipjrgtjm ik g pgy-gs-
yiu-ai bgscs, but MuXikt `ust put tdjtitgo g`iukt ck gk jsfriw gffiukt.
]dj nury ck tdj fgsj rjqucrjm MuXikt
ti privcmj `jmcfgo `ikctircka eir =8
yjgrs ti pjipoj wdi wjrj jxpisjm ti
grsjkcf, fgm`cu` gkm ojgm eri` g
eir`jr zckf-s`jotcka pogkt ck tdj
s`goo fi``ukcty ie Vpjotjr.
Numaj Bjmjoo gppicktjm Jm Ajktoj, g
Bcr`ckadg`, Gogbg`g ogwyjr, gs
gm`ckcstrgtir ie tdj `jmcfgo `ikctir-
cka pogk. Gs yiu `gy rjfgoo, tjk rjsc-
mjkts ie Vpjotjr sujm MuXikt ck 288=,
fogc`cka tdj fi`pgky mjocbjrgtjoy
`csojm tdj` gbiut djgotd rcsls eri`
tdj piooutcik gkm mjogyjm g sctj
fojgkup eir gs oika gs pisscboj ti
`gxc`czj priects. ]dj ogwsuct wgs
trcjm ogst yjgr ck eiur pdgsjs ckviov-
cka pripjrty mg`gaj fogc`s, oika-
tjr` djgotd sfrjjkckas, gkm firpirgtj
gffiuktgbcocty. Nurirs gwgrmjm tdj
pukctcvj mg`gajs ck Iftibjr ck tdj
trcgos eiurtd pdgsj. Ck tdj itdjr
pdgsjs, tdj nury rjqucrjm `jmcfgo
`ikctircka gkm eiukm MuXikt ocgboj
eir kjaocajkfj ck frjgtcka tdj wgstj
sctj. Nurirs gosi eiukm tdgt MuXikt
dgm frjgtjm g pubocf gkm prcvgtj kuc-
sgkfj gkm tdgt cts piooutcik trjs-
pgssjm ikti prcvgtj pripjrty. MuXiktpogks ti gppjgo.
Viurfj> Gssifcgtjm Xrjss
GOGBG@GVZXRJ@JFIZR]G]]J@X]V]IRJV]RCF]QDJRJG XRIMZF]VFGVJ@GSBJECOJM
]djrj dgvj bjjk twi rjfjkt ipck-
ciks by tdj Gogbg`g Vuprj`j Fiurt
tdgt dgvj kit agckjm `ufd `jmcg
gttjktcik, but dgvj dgm g scakcecfgkt
c`pgft ik tdj rcadts ie tdj cknurjm gkmmcsgbojm ck Gogbg`g.Jx pgrtj Vuzulc
@ibcoj, Ckf. gkmJx pgrtj Uiovi ]rufls
Kirtd G`jrcfg, Ckf. grj scakcecfgkt
bjfgusj tdj Vuprj`j Fiurt dgs
gttj`ptjm ti sjvjrjoy rjstrcft wdjrj
cknurjm pgrtcjs fgk ecoj g primuft ocgbco-
cty fgsj ck Gogbg`g. Bjeirj tdjsj mjfc-
sciks, ct wgs ajkjrgooy ukmjrstiim tdgt
tdj oifgtcik ie wdjrj tdj cknury
iffurrjm wgs g pripjr bgscs eir jstgb-
ocsdcka vjkuj ck tdj fiukty.]dcs ukmjr-stgkmcka wgs bgsjm upik tdj pogck
ogkaugaj ie Gogbg`gs stgtutj aivjrk-
cka vjkujck tdj fiukty ck wdcfd g
substgktcgo pgrt ie tdj jvjkts ir i`cs-
sciks acvcka rcsj ti tdj fogc`
iffurrjm. Ct wgs gssu`jm by pogcktcee
gkm mjejksj ogwyjrs tdgt pgrts ie tdj
jvjktsacvcka rcsj ti tdj fogc`wjrj
tdj cknury gkm tdj fgusgtcik, c.j., tdj
8/9/2019 The Jere Beasley Report, Mar. 2008
11/48
www.BjgsojyGoojk.fi` 77
mjejft fguscka tdj cknury. Qctdiut
cknury gkm fgusgtcik, tdjrj cs ki fogc`,
gkm tdj cknury gkm fgusgtcik iffur
wdjrj tdj gffcmjkt dgppjks. Mjspctj
tdcs, tdj Gogbg`g Vuprj`j Fiurt djom
tdgt ct cs tdj wrikaeuo gfts ie tdj fir-
pirgtj mjejkmgkt tdgt mjtjr`ckj
vjkuj ukmjr tdcs stgtutj.
Ck tdj fgsj, tdj pogcktcees sik wgs
sjrciusoy cknurjm ck gk gffcmjkt ck
Fdiftgw Fiukty wdcoj ipjrgtcka gk
G]U.]dj pogcktcee sujm Vuzulc, tdj `gk-
uegfturjr ie tdj G]U, gkm tdj mjgojrsdcp
wdjrj ct wgs purfdgsjm, goojacka tdj
G]U wgs mjejftcvjoy mjscakjm.]dj suct
wgs ecojm ck Fdiftgw Fiukty wdjrj
tdj gffcmjkt iffurrjm.]dj mjgojrsdcp
wgs oifgtjm ck @ibcoj Fiukty, gkm tdj
mjejkmgkts ecojm g `itcik ti trgksejr
vjkuj ti @ibcoj Fiukty.]dj trcgo fiurt
mjkcjm tdj `itcik,gkm tdj mjejkmgktspjtctcikjm eir g wrct ie `gkmg`us
gslcka tdj Gogbg`g Vuprj`j Fiurt ti
trgksejr tdj gftcik.
]dj Vuprj`j Fiurt djom tdgt, jvjk
tdiuad tdj cknury iffurrjm ck Fdiftgw
Fiukty, vjkuj wgs gftugooy pripjr ck
@ibcoj Fiukty, wdjrj tdj mjgojrsdcp
wgs oifgtjm.]dj Fiurt mjtjr`ckjm tdgt
wdcoj tdj oifgtcik wdjrj tdj cknury
iffurrjm usjm ti bj g mcspisctcvj egft,
tdj Nuoy 7333 g`jkm`jkt ti tdj stgtutj
eifusjm tdj ckqucry ik tdj oifgtcik ietdj jvjkts ir i`cssciks acvcka rcsj ti
tdj fogc`. ]dj Fiurt rjgsikjm tdgt,
bjfgusj tdj Xogcktcees fi`pogckt
goojajm tdj wrikaeuo gfts iffurrjm ck
tdj mjscak,`gkuegfturj, gssj`boy, mcs-
trcbutcik, gkm sgoj ie tdj G]U, kikj ie
wdcfd iffurrjm ck Fdiftgw Fiukty, ct
fiuom kit bj g pripjr vjkuj.
]dcs ruocka wgs eurtdjr fogrcecjm ck
tdj Uiovi fgsj. Ik Iftibjr 72,288:,
Nisjpd Erjj`gk, Nr., wdi wgs
j`poiyjm by Jvjrarjjk Eirjst Xrim-
ufts, wgs mrcvcka g 288= Uiovi trgftir
trgcojr. Gotdiuad dj wgs ibjycka tdj
spjjm oc`ct gkm ipjrgtcka dcs trufl ck
g sgej `gkkjr, gk ikfi`cka pcflup
trufl frissjm ivjr tdj fjktjr ockj ie
tdj dcadwgy gkm strufl Erjj`gks
Uiovi trufl kjgr tdj mrcvjr scmj erikt
tcrj. Gs g rjsuot ie tdj fioocscik, gkm
mjspctj wjgrcka dcs sjgtbjot, Erjj`gk
wgs jnjftjm tdriuad tdj wckmsdcjom
ikti tdj pgvj`jkt. Dj survcvjm gt tdj
sfjkj, but ogtjr mcjm gs g rjsuot ie dcs
cknurcjs.
Erjj`gks mguadtjr ecojm suct gagckst
Uiovi gkm tdj mjgojrsdcp wdi siom tdj
trufl ck @iktai`jry Fiukty, eir g
mjejftcvj sjgtbjot.]dj mjejkmgkts ecojm
g `itcik ti trgksejr tdj fgsj ti Butojr
Fiukty ik tdj bgscs ie eiru` kik fik-
vjkcjks bjfgusj tdj gffcmjkt iffurrjm
tdjrj gkm bjfgusj ct wiuom bj `irj
fikvjkcjkt ti tdj wctkjssjs.]dj trcgo
fiurt mjkcjm tdj `itcik gkm tdj mjejk-
mgkts ecojm g pjtctcik ie `gkmg`us
wctd tdj Vuprj`j Fiurt. Ck gkgoyzcka
tdj cssujs, tdj Vuprj`j Fiurt ecrst
kitjm tdgt, ck irmjr ti trgksejr tdj fgsj
ti Butojr Fiukty, tdgt fiukty `ust bj g
pripjr vjkuj.Gppoycka tdj rgtcikgoj ie
tdj Vuzulc fgsj, tdj Fiurt mjtjr`ckjmtdgt Butojr Fiukty wgs kit g pripjr
vjkuj eir tdj gftcik bjfgusj kikj ie
tdj wrikaeuo gfts ie tdj firpirgtj
mjejkmgkts ck mjscakcka, `gkuegftur-
cka, gkm sjoocka tdj trufl gkm cts mjejf-
tcvj sjgtbjot iffurrjm tdjrj.]dj Fiurt
garjjm wctd tdj Xogcktcee gkm eiukm tdgt
@iktai`jry Fiukty wgs tdj pripjr
vjkuj bjfgusj tdj sgoj ie tdj mjejftcvj
sjgtbjot iffurrjm tdjrj.
]djsj ipckciks sjj` ti ruk fiuktjr
ti tdj ukmjroycka prj`csj ie Gogbg`gogw tdgt ct cs ck tdj cktjrjst ie nustcfj
eir g suct ti bj ecojm ck g fiukty wctd g
strika fikkjftcik ti tdj gftcik.]dj
Vuprj`j Fiurt dgs stgtjm>
]dj ljy egftirs fikfjrkcka tdj
cktjrjst ie nustcfj tdgt fojgroy
gppoy ck tdcs fgsj grj tdj burmjk
ie pcocka fiurt sjrvcfjs gkm
rjsiurfjs upik tdj pjipoj ie g
fiukty tdgt cs kit geejftjm by tdj
fgsj gkm, pjrdgps `ist bgscf iegoo, tdj cktjrjst ie tdj pjipoj ie g
fiukty ti dgvj g fgsj tdgt grcsjs
ck tdjcr fiukty trcjm foisj ti
pubocf vcjw ck tdjcr fiukty.
Jx pgrtj V`ctds Qgtjr & Vjwjr
Gutdircty, 2881 QO 2541635 (Gog. Vjpt.
7=,2881).
Sjt, wctd tdj kjw cktjrprjtgtcik ie
tdj vjkuj stgtutj, g fiukty dgvcka ki
fikkjftcik ti tdj gffcmjkt, tdj cknurjm
vcftc`, ir jvjk ti tdj mjejkmgkt wdi
mjscakjm gkm `gkuegfturjm tdj
primuft cs kiw g pripjr vjkuj sc`poy
bjfgusj tdj ograj firpirgtcik dgs gk
ukrjogtjm mjgojrsdcp ir gk gajkt ck tdj
fiukty. Kiw ikj fgk jkvcscik tdgt
primuft fgsjs wcoo bjack ti pcoj up ck
tdj fiuktcjs wctd ograjr fctcjs ck tdj`
bjfgusj tdgt cs wdjrj tdj firpirgtj
mjejkmgkts usugooy dgvj mjgojrsdcps.
Sjt, tdj fiukty wdjrj tdj mjgtd ir
sjvjrj cknury iffurrjm, wdjrj tdj
fogc` grisj, gkm wdjrj tdj ie tdj
fiukty dgvj tdj strikajst cktjrjst ck
kit dgvcka mjejftcvj primufts cknurj ir
lcoo tdjcr rjscmjkts, wcoo ki oikajr bj
fikscmjrjm g pripjr vjkuj.]dgt sjj`s
ti bj g rjgo fdgkaj eri` wjoo-sjttojm
vjkuj fgsj ogw ck iur stgtj.
G EIR@JRVZXRJ@JFIZR]NZV]CFJVXJGLVIZ]
Vgkmrg Mgy IFikkjr, wdi sjrvjm
wctd mcstckftcik ik tdj Z.V. Vuprj`j
Fiurt, dgm si`j cktjrjstcka ibsjrvg-
tciks rjfjktoy rjogtcka ti iur fiurt
systj`. ]dj nustcfjs fi``jkts wjrj
prcktjm ck g rjfjkt stiry ck Xgrgmj `ga-
gzckj. C bjocjvj yiu wcoo eckm djr gstutj
ibsjrvgtciks ti bj kit ikoy cktjrjstcka,
but jxtrj`joy tdiuadt-privilcka.
DIQ]IVGUJIZRFIZR]V
Ck `y wirl gs g Vuprj`j Fiurt
nustcfj, C wgs rjqucrjm by tdj Fik-
stctutcik ti egcroy gkm c`pgrtcgooy
gppoy tdj ogw-kit tdj ogw gs C
wgktjm ct ti bj but tdj ogw gs ct
wgs. Kiw, gs g prcvgtj fctczjk, Cg` gkxcius gbiut tdj stgtj ie tdj
numcfcgry ck G`jrcfg.
C g` kit fikfjrkjm gbiut pgrtcfu-
ogr numajs ir fgsjs, kir g` C fik-
fjrkjm gbiut tdj numcfcgry sdcetcka
rcadt ir ojet.Qdgt wirrcjs j cs tdj
`gkkjr ck wdcfd pioctcfgooy `itc-
vgtjm cktjrjst ariups grj gttj`pt-
cka ti cktjrejrj wctd nustcfj.
8/9/2019 The Jere Beasley Report, Mar. 2008
12/48
]dj ruoj ie ogw ck tdj Z.V.
ckfoumjs stgtutjs gkm fikstctu-
tcikgo privcsciks. Ct gosi ckviovjs
prjfjmjkt, wdcfd cs g prjvcius
numcfcgo ruocka ik g `gttjr. G
numaj typcfgooy mjejrs ti prjfj-
mjkt. Oclj aiim fiilcka, aiim
numacka rjqucrjs tglcka ckarjmc-
jkts gkm prifjmurjs usjm suffjss-
euooy ck tdj pgst gkm gmnustcka
tdj` ti tdj fgsj gt dgkm. Kjw
ojago rjfcpjs-ir ruojs-fgk dgvj
`gnir rg`cecfgtciks. Vi ce g numaj
fi`js up wctd g kjw wgy ti
gppoy tdj ogw, djr ipckcik `gy
bj rjvcjwjm by stgtj ir ejmjrgo
gppjoogtj fiurts ti jksurj tdgt ct
cs g firrjft cktjrprjtgtcik ie tdj
ogw. Ce cts kit, cts ivjrturkjm.
]dus, iur numcfcgo systj` dgs
sgejaugrms ti jksurj fikscstjkfy
gkm prjsjrvgtcik ie tdj ogw.But ct
cs tdrjgtjkjm wdjk numajs cakirj
sjttojm ogw gkm `glj mjfcsciks
gffirmcka ti pjrsikgo ir pubocf
prjejrjkfjs.
]dj numcfcgry furrjktoy cs jxpjrc-
jkfcka ukprjfjmjktjm prjssurj
eri` cktjrjst ariups ti `glj
mjfcsciks tdgt grj bgsjm ik pioc-
tcfs. Ck Qgsdckatik, M.F., wj djgr
g oit gbiut ejmjrgo numajs, gkmtdjy dgvj g frctcfgo rioj ck
updiomcka tdj Fikstctutcik. But
dgvcka bjjk g stgtj numaj gkm g
stgtj ojacsogtir, C lkiw tdgt tdj
vgst `gnircty ie ogw cs stgtj ogw.
Kckjty-ecvj pjrfjkt ie octcagtcik
tgljs pogfj ck stgtj fiurts. @gky
ojago cssujs grj prc`grcoy mjfcmjm
tdjrj, ckfoumcka mcvirfj, pripjrty
rcadts, j`poiy`jkt ogw, primuft
ocgbcocty gkm `jmcfgo `goprgftcfj.
Xioctcfgo prjssurj cs g bca priboj`
ck g ku`bjr ie iur stgtj fiurts.
@irj tdgk 43% ie stgtj numajs ai
tdriuad si`j eir` ie jojftcik
prifjss. @gky ie tdjsj jojftciks
rjfjktoy dgvj bjfi`j euoo-eojmajm
pioctcfgo bgttojs, eujojm by
ariwcka su`s ie `ikjy spjkt by
fgkmcmgtjs gkm spjfcgo-cktjrjst
ariups ti gttgfl, mjejkm gkm
fiuktjrgttgfl.
]dj `ikjy fgk bj spjkt ck piogr-
czcka wgys. Qdjk Bcoo Fukkcka-
dg` wgs rukkcka eir tdj
Ljktufly Vuprj`j Fiurt ck 2885,
ikj ippiscka fg`pgcak gm
c`pocjm tdgt dj wgs rjspikscboj
eir ojttcka scx rgpcsts iut ikpgrioj. Ct sgcm> Ikj dgm bjjk ik
pgrioj eir ikoy 72 diurs wdjk dj
rgpjm g 7=-yjgr-iom gkm `gmj djr
`itdjr wgtfd.
]dcs stiry wgs vjry `csojgmcka.
Fukkckadg`, tdjk g oiwjr-fiurt
numaj, mcm ruoj ti fdgkaj tdj sjk-
tjkfjs ie sjvjrgo rgpcsts eri` ocej
wctdiut pgrioj ti ocej wctd tdj
pisscbcocty ie pgrioj, but tdjsj
`jk goo stgyjm ck ngco. Gkm tdjrgpj rjejrrjm ti ck tdj gm
iffurrjm 28 yjgrs jgrocjr, bjeirj
Fukkckadg` wgs jvjk g numaj.
Vuj Bjoo Fibb rj`j`bjrs spjgl-
cka ti g rjpirtjr tdj mgy getjr
sdj wik tdj jojftcik eir fdcje
nustcfj ie tdj Gogbg`g Vuprj`j
Fiurt ck 2885.Fdcje Nustcfj Fibb
jxpjftjm ti bj gsljm diw ct ejot
ti bj tdj ecrst wi`gk ck tdgt nib.
Ckstjgm, tdj rjpirtjr gsljm>Diwmijs ct ejjo ti bj tdj vcftir ie tdj
sjfikm `ist jxpjkscvj numcfcgo
rgfj ck Z.V. dcstiry9 Diw wcoo
yiu fikvckfj tdj pjipoj ie
Gogbg`g tdgt tdj fg`pgcak fik-
trcbutciks yiu siuadt wcoo kit
c`pgft diw yiu ruoj9 Diw fgk
wj fikvckfj pjipoj tdjcr fiurts
grj kit eir sgoj9
C c`gackj sdj gkswjrjm ufd oclj
Coockics Vuprj`j Fiurt NustcfjOoiym Lgr`jcjr mcm getjr dj wik
tdj `ist jxpjkscvj numcfcgo jojf-
tcik ck G`jrcfgk dcstiry ck 288=.
]dgt rgfj fist tdj fgkmcmgtjs $3.6
`coocik, g su` arjgtjr tdgk wdgt
wgs spjkt ck `irj tdgk dgoe ie tdj
Z.V. Vjkgtj rgfjs tdgt yjgr.
Lgr`jcjr sgcm ie tdj `ikjy>
]dgts ibsfjkj eir g numcfcgo rgfj.
Qdgt mijs ct agck pjipoj9 Diw
fgk gkyikj dgvj egctd ck tdj
systj`9
Aiim qujstciks. Qdjk si `ufd
`ikjy aijs ckti ckeoujkfcka tdj
iutfi`j ie g numcfcgo jojftcik, ct cs
dgrm ti dgvj egctd tdgt wj grj
sjojftcka numajs wdi grj egcr gkm
c`pgrtcgo.Ce C fiuom mi ikj tdcka tisiovj tdcs priboj`, ct wiuom bj
ti fikvckfj tdj stgtjs tdgt sjojft
numajs tdriuad pgrtcsgk jojftciks-
tdgt cs, wdjk g Mj`ifrgt gkm
Rjpubocfgk ruk gagckst ikj
gkitdjr-ti swctfd ti `jrct sjojftcik
ckstjgm.Zkmjr tdcs pogk, furrjktoy
usjm ck stgtjs sufd gs Fioirgmi
gkm Kjbrgslg, gk ckmjpjkmjkt
fi``csscik ie lkiwojmajgboj fctc-
zjks rjfi``jkms fgkmcmgtjs ti
tdj aivjrkir, wdi gppickts ikj
ie tdj` gs numaj. Getjr sjvjrgo
yjgrs ik tdj bjkfd, tdj numajs
kg`j cs sub`cttjm ti tdj jojf-
tirgtj, wdi vitj ik wdjtdjr dj
sdiuom ljjp dcs pisctcik. ]dcs
`jtdim mjfrjgsjs tdj c`pirtgkfj
ie `ikjy gkm pioctcfs ck tdj
prifjss wdcoj stcoo gooiwcka vitjr
ckput ik rjtgckcka jgfd numaj.
C bjocjvj tdj oika-tjr` sioutcik ti
tdj pioctcfczgtcik ie tdj numcfcgryprifjss cs jmufgtcik. Fdcomrjk,
vitjrs, piocfy`gljrs gkm ogwyjrs
goo sdiuom bj ckeir`jm gbiut tdj
c`pirtgkfj ie g egcr, c`pgrtcgo
numcfcgry. Numajs sdiuom wrctj
tdjcr ipckciks ck pogck Jkaocsd si
tdgt tdj pubocf fgk ukmjrstgkm
wdgt tdj ogw cs.
Siu gosi sdiuom jmufgtj yiursjoe,
gk jspjfcgooy c`pirtgkt tgsl ce
yiu ocvj ck ikj ie tdj 63 stgtjstdgt dioms jojftciks eir numajs.
]glj tdjsj stjps>
Ecrst, ojgrk gbiut tdj fgkmc-
mgtjs. ]dgt yiu garjj wctd g
pjrsiks piocfy pisctciks cs crrjo-
jvgkt ti wdjtdjr dj ir sdj
wiuom `glj g aiim numaj.Jvgo-
ugtj tdj` bgsjm ik tdjcr
72 www.BjgsojyGoojk.fi`
8/9/2019 The Jere Beasley Report, Mar. 2008
13/48
gbcocty ti bj egcr, c`pgrtcgo gkm
fi`pjtjkt. Oiil eir ukbcgsjm
siurfjs-`gky stgtjs ieejr vitjr
aucmjs gkm pjreir`gkfj jvgou-
gtciks.
Vjfikm, bj suspcfcius ce g fgk-
mcmgtj `gljs g pri`csj gbiut
diw dj ir sdj wiuom ruoj ck g
pgrtcfuogr fgsj. Jvjry fgsj csmceejrjkt gkm sdiuom bj numajm
gffirmcka ti diw tdj ogw
gppocjs ti tdgt sctugtcik. Ce g
numaj mjfcmjs g fgsj bgsjm ik g
fg`pgcak pri`csj, dj ir sdj
dgs kit updjom tdj pojmaj ti bj
egcr gkm c`pgrtcgo.
]dcrm, vitj. Numcfcgo jojftciks
tjkm ti agrkjr octtoj gttjktcik.
]dcs cs ckfrjgsckaoy priboj`gtcf,
bjfgusj cktjrjst ariups ietjkfgk bj tdj `gck siurfj ie ckeir-
`gtcik.]dj ikoy wgy ti fiuk-
tjrgft tdcs cs ti rjsjgrfd tdj
fgkmcmgtjs, lkiw wdjrj yiur
ckeir`gtcik cs fi`cka eri`
gkm vitj.
C` wirlcka wctd Ajirajtiwk
Zkcvjrscty gkm Grczikg Vtgtj Zkc-
vjrscty ik twi priarg`s ik tdcs
subnjft. Ikj cs fgoojm Iur Fiurts
gkm wcoo bj gk ikockj fcvcfs jxpj-rcjkfj eir fdcomrjk.]djyoo bj gboj
ti stjp ckti g numajs sdijs si tdjy
fgk bjttjr ukmjrstgkm wdgt dj ir
sdj mijs. ]dj itdjr priarg`, tdj
Vgkmrg Mgy IFikkir Xrinjft ik
tdj Vtgtj ie tdj Numcfcgry, wcoo
frjgtj g mcgoiauj bjtwjjk jxpjrts
gkm ogw prgftctcikjrs ik tdj
fiurt systj` gkm rjpirt ik tdj
bjst wgys ti sgejaugrm cts rioj.
C dipj C fgk `glj g ogstcka fik-trcbutcik ti pritjftcka iur fiurts.
Qj `ust prjsjrvj iur systj` ie
aivjrk`jkt, g systj` eir wdcfd C
dgvj tdj ut`ist rjspjft gs C
rjeojft bgfl ik `y Vuprj`j Fiurt
fgrjjr.
Nustcfj Vgkmrg Mgy IFikkjr
Xgrgmj @gagzckj
Ejbrugry 2=, 2884
U.
]DJ KG]CIKGO
VFJKJ
OIFG]CKA]DJ]RZ]DCK]DJBZVDQDC]JDIZVJCVUJRSMCEECFZO]
Ce yiu wgkt ti dcmj tdj trutd eri`
tdj G`jrcfgk pjipoj, si`j sgy tdj
bjst pogfj ti put ct cs ck tdj Busd
Qdctj Diusj. Ct dgs bjjk wcmjoy
rjpirtjm tdgt Xrjscmjkt Busd gkm dcs
tip gcmjs pubocfoy `gmj 36: egosj
stgtj`jkts gbiut tdj sjfurcty rcsl
pisjm by Crgq ck tdj twi yjgrs eiooiw-
cka tdj trgacf jvjkts ie Vjptj`bjr 77,
2887. G stumy rjojgsjm by twi kik-
priect niurkgocs` ariups ckmcfgtjs tdgt
tdj Busd Gm`ckcstrgtcik ojm tdj
kgtcik ti wgr ik tdj bgscs ie jrri-kjius ckeir`gtcik tdgt ct `jtdimc-
fgooy pripgagtjm gkm tdgt fuo`ckgtjm
ck `coctgry gftcik gagckst Crgq ik
@grfd 73, 2886.]dj stumy wgs fik-
muftjm by tdj Fjktjr eir Xubocf
Cktjarcty gkm cts geecocgtjm ariup, tdj
Eukm eir Ckmjpjkmjkfj ck Niurkgocs`.
Qdcoj g rjpirt ie tdcs sirt wiuom,
ukmjr kir`go fcrfu`stgkfjs, bj bca
kjws, cts nust gkitdjr mgy gt tdj ieecfj
wctd tdj Busd Gm`ckcstrgtcik.
Gffirmcka ti tdj stumy, XrjscmjktBusd gkm sjvjk tip ieecfcgosckfoum-
cka g`ika itdjrs,Ucfj-Xrjscmjkt Mcfl
Fdjkjy`gmj 36: egosj stgtj`jkts
gbiut Crgq murcka tdisj twi yjgrs.
]dj stumy wgs bgsjm ik g sjgrfdgboj
mgtgbgsj fi`pcojm ie prc`gry
siurfjs, sufd gs ieecfcgo aivjrk`jkt
trgksfrcpts gkm spjjfdjs, gkm sjfikm-
gry siurfjs`gckoy quitjs eri`
`gnir `jmcg iragkczgtciks.]dj stumy
sgys tdj Xrjscmjkt `gmj 262 egosj
stgtj`jkts gbiut Crgq gkm eir`jr
ojgmjr Vgmmg` Dussjcks pissjsscka
wjgpiks ie `gss mjstruftcik, gkm 24
egosj stgtj`jkts gbiut Crgqs ockls ti
go Wgjmg. ]dj quitjs ck tdj stumy
ckfoumj gk Guaust 25, 2882, stgtj`jkt
by Ucfj-Xrjscmjkt Fdjkjy ti tdj
kgtcikgo fikvjktcik ie tdj Ujtjrgks ie
Eirjcak Qgrs.]ypcfgooy, tdj Ucfj-Xrjsc-
mjkt fogc`jm>
Vc`poy stgtjm, tdjrj cs ki miubt
tdgt Vgmmg` Dussjck kiw dgs
wjgpiks ie `gss mjstruftcik.
]djrj cs ki miubt dj cs g`gsscka
tdj` ti usj gagckst iur ercjkms,
gagckst iur goocjs, gkm gagckst us.
]dj G`jrcfgk pjipoj grj oiilcka
eirwgrm ti g tc`j wdjk tdj Xrjscmjkt
ie iur fiuktry gkm dcs tjg` ie gmvcsirswcoo sc`poy tjoo tdj` tdj trutd.Qj dgvj
dgm sjvjk yjgrs ie tdj Busd Gm`ckcstrg-
tciks mjfjptcik gkm cts fojgroy tc`j eir
fdgkaj. C bjocjvj tdj furrjkt pioctcfgo
foc`gtj cs tdj mcrjft rjsuot ie eiols
oiscka fikecmjkfj ck gk Gm`ckcstrgtcik
tdgt dgs pogyjm egst gkm oiisj wctd tdj
trutd gkm dgs egvirjm tdj rcfd gkm piw-
jreuo wdcoj titgooy cakircka tdj wgkts
gkm kjjms ie rjauogr eiols.
Viurfj> FKK
JTTIK@IBCOGKKIZKFJVRJFIRMXRIEC]V
Jxxik@ibco Firp. sjt gkitdjr rjfirm
wdjk ct pistjm tdj ograjst gkkugo priect
by g Z.V. fi`pgky$=8.5 bcoocikgkm
tdgts bgm kjws eir eiols ck tdcs
fiuktry. Ct `jgks tdgt rjauogr eiols gkm
busckjss iwkjrs dgvj `gmj tdcs pissc-
boj.]dj wiroms ograjst pubocfoy trgmjm
ico fi`pgky cs priectcka wdcoj pjipoj
wdi grj buycka tdjcr agsiockj gt tdjpu`p grj durtcka.Jxxik gosi sjt g Z.V.
rjfirm eir tdj bcaajst qugrtjroy priect,
pistcka kjt ckfi`j ie $77.1 bcoocik eir
tdj eckgo tdrjj `iktds ie 2881,bjstcka
cts iwk `grl ie $78.17 bcoocik ck tdj
eiurtd qugrtjr ie 288:. ]dj prjvcius
rjfirm eir gkkugo priect wgs $63.:
bcoocik, wdcfd Jxxik@ibco rjpirtjm eir
2885.]dcs pioctcfgooy piwjreuo firpirg-
tcik usjs cts pioctcfgo `usfojs gkm ckeou-
jkfj ti prjtty `ufd ajt cts wgy. Dgvcka
Mcfl Fdjkjy ck g pisctcik ie piwjr
fjrtgckoy dgskt durt tdj ico fi`pg-
kcjsckfoumcka Jxxik@ibcogkm tdgt
cs g ariss ukmjrstgtj`jkt.
Viurfj> Gssifcgtjm Xrjss
www.BjgsojyGoojk.fi` 76
8/9/2019 The Jere Beasley Report, Mar. 2008
14/48
BZVDVERGZMFRGFLMIQKIKERGZMFI@JVQC]DG OIIXDIOJ
Cts rjgooy dgrm ti vcsugoczj tdj Busd
Gm`ckcstrgtcik jvjr rjgooy frgflcka
miwk dgrm ik firpirgtj ergum. Qdgt
wgs bjcka tiutjm gs g `gnir jeeirt, gk
Gm`ckcstrgtcik pripisgo ti eirfj fi`-
pgkcjs ti rjpirt gbusj ie tgxpgyjr
`ikjy gftugooy dgs g `uotcbcoocik-mioogroiipdioj. Cktjrjstckaoy, tdj pogk wikt
gppoy ti wirl mikj ivjrsjgs,ckfoumcka
prinjfts ti sjfurj gkm rjbucom Crgq gkm
Geadgkcstgk. C suspjft tdgt oiipdioj
`gljs bissjs gt fi`pgkcjs oclj Dgo-
ocburtik rjst g wdioj oit jgscjr. Eir
mjfgmjs, fiktrgftirs dgvj bjjk gsljm
ti rjpirt cktjrkgo ergum ir ivjrpgy-
`jkt ik aivjrk`jkt-eukmjm prinjfts.
Fi`pocgkfj dgs bjjk viouktgry, gkm
ivjr tdj pgst 7: yjgrs tdj ku`bjr ie
fi`pgky-rjpirtjm ergum fgsjs dgs
mjfockjm stjgmcoy.
Kiw, tdj Nustcfj Mjpgrt`jkt wgkts
ti eirfj fi`pgkcjs ti kitcey tdj aiv-
jrk`jkt ce tdjy eckm jvcmjkfj ie fik-
trgft gbusj ie `irj tdgk $: `coocik.
Egcourj ti fi`poy fiuom `glj g
fi`pgky ckjocacboj eir euturj aivjrk-
`jkt wirl.]dj pripisjm ruojs,wdcfd
grj ck tdj eckgo gpprivgo stgajs, spjfcec-
fgooy jxj`pt fiktrgfts ti bj pjr-
eir`jm iutscmj tdj Zkctjm Vtgtjs,gffirmcka ti g kitcfj pubocsdjm ck
Ngkugry ck tdj Ejmjrgo Rjacstjr.Frctcfs
ckfoumcka tdj wgtfdmia ariup ]gxpgy-
jrs Gagckst Ergum sgcm tdj ivjrsjgs
jxj`ptcik rgcsjs suspcfciks.
]dj Zkctjm Vtgtjs piurjm bcoociks ie
mioogrs ckti prinjfts ck Crgq gkm
Geadgkcstgk ti sjfurj gkm rjbucom tdj
twi kgtciks.Qctd tdj `ikjy fg`j tdj
ergum.Gt ojgst $7= `coocik dgs bjjk oist
ck brcbjs goikj ivjr tdj ogst ecvj yjgrs
ck Crgq gkm Geadgkcstgk, gkm C bjocjvjtdgt cs nust tdj tcp ie tdj cfjbjra.]dj
Nustcfj Mjpgrt`jkt si egr dgs fdgrajm
== pjipoj wctd brcbjry, fikspcrgfy,
`ikjy ogukmjrcka,gkm itdjr fiktrgft
ergum frc`js rjogtjm ti tdj aivjrk-
`jkts wgrtc`j spjkmcka. Vi`j ie
tdisj fgsjs fg`j eri` tdj Ieecfj ie
tdj Vpjfcgo Ckspjftir Ajkjrgo eir Crgq
Rjfikstruftcik,wdcfd dgs :2 ckvjstcag-
tciks ikaicka ckti brcbjs, egosj bcoocka,
fiktrgft ergum,lcflbgfls,gkm tdjet.]dj
Gr`y Frc`ckgo Ckvjstcagtcik Fi``gkm
dgs 38 frc`ckgo ckvjstcagtciks ukmjr
wgy ckti goojajm fiktrgft ergum ck Crgq,
Luwgct,gkm Geadgkcstgk.
]dj Gssifcgtjm Xrjss rjpirtjm tdgt
gk jstc`gtjm $6:8 bcoocik cs spjkt ik
aivjrk`jkt fiktrgfts gkkugooy. ]dcs
fi`js eri` tdj Qdctj Diusj Ieecfj ie
Ejmjrgo Xrifurj`jkt Xiocfy. Qctd
`ikjy aicka ti fiktrgftirs gkm sub-
fiktrgftirs, bitd eirjcak gkm bgsjm ck
tdj Zkctjm Vtgtjs, jxpjrts sgy cts kjgroy
c`pisscboj ti pckpickt diw `ufd ie ct
cs spjkt ivjrsjgs.Vtumcjs by tdj Fjktjr
eir Xubocf Cktjarcty jstc`gtj tdgt gt
ojgst $782 bcoocik dgs bjjk spjkt sckfj
2886 ik pistwgr fiktrgfts ck Crgq gkm
Geadgkcstgk.]dj stumy sgys spjkmcka ti
sjfurj gkm rjbucom tdj twi kgtciks dgsariwk by `irj tdgk :8% jgfd yjgr.
@jgkwdcoj, tdj ku`bjr ie fi`pgkcjs
rjpirtcka cktjrkgo ergum ck tdjcr dgk-
mocka ie aivjrk`jkt fiktrgfts dgs
mjfockjm sdgrpoy. Ck 7341, fiktrgftirs
viouktgrcoy rjpirtjm == ckstgkfjs ie
ergum ir gbusj ti tdj Nustcfj Mjpgrt-
`jkt. By 2882, tdj ku`bjr dgm
mrippjm ti jcadt.Ogst yjgr, fiktrgftirs
rjpirtjm tdrjj ckstgkfjs ie ergum. Ce
gkybimy bjocjvjs viouktgry fi`pocgkfj
gkm sjoe-rjpirtcka wirls, tdjy dgvjktljpt up wctd tdj kjws ogtjoy.
Viurfj> Gssifcgtjm Xrjss
MJXGR]@JK]IENZV]CFJDGVEGCOJM]IXRIMZFJKG]CIKGOMG]GBGVJ]IDJOXXRJUJK]GZ]IERGZM
@irj tdgk 7: yjgrs getjr Fikarjss
rjqucrjm tdj ejmjrgo aivjrk`jkt ti sjt
up g kgtcikgo mgtgbgsj ti gooiw fgr
buyjrs ti mjtjr`ckj wdjtdjr g vjdcfojdgs bjjk stiojk ir rjbucot getjr g
wrjfl, tdj systj` cs stcoo kit ck pogfj,
tdrjj fiksu`jrs ariups dgvj fi`-
pogckjm.Xubocf Fctczjk,Fiksu`jrs eir
Guti Rjocgbcocty gkm Vgejty (FGRV), gkm
Fiksu`jr Gftcik dgvj ecojm g ogwsuct
gagckst tdj Mjpgrt`jkt ie Nustcfj
(MIN) ck tdj Z.V. Mcstrcft Fiurt eir tdj
Kirtdjrk Mcstrcft ie Fgoceirkcg. ]dj
ariups wgkt tdj fiurt ti irmjr tdj
MIN ti `ivj eirwgrm wctd frjgtcik ie
tdj Kgtcikgo @itir Ujdcfoj ]ctoj Ckeir-
`gtcik Vystj`. ]dj mgtgbgsj wiuom
djop fiksu`jrs gvicm purfdgscka g
pitjktcgooy mgkajrius usjm fgr by
gooiwcka tdj` ti ckstgktoy fdjfl tdj
vgocmcty ie g fgrs tctoj gkm `cojgaj gkm
ojgrk wdjtdjr ct dgm bjjk stiojk ir
wgs g nukl ir sgovgaj vjdcfoj.
G sgovgaj vjdcfoj cs ikj tdgt wgs
titgojm ck fioocscik, ecrj, eoiim, ir itdjr
jvjkt ti tdj jxtjkt tdgt cts vgouj, pous
tdj fist ie rjpgcrcka ct eir ojago ipjrg-
tcik, cs `irj tdgk cts egcr grljt vgouj
c``jmcgtjoy bjeirj tdj jvjkt tdgt
fgusjm tdj mg`gaj.Xjipojs ocvjs grj gt
rcsl bjfgusj tdjy grj buycka usjm fgrs
tdgt grj `csscka gcr bgas ir dgvj itdjr
frctcfgo sgejty mjejfts bjfgusj ie tdjcr
dcmmjk dcstircjs gs nukljm ir sgovgajmvjdcfojs, gffirmcka ti Xubocf Fctczjk
Xrjscmjkt Nigk Fogybriil.]dj ejmjrgo
aivjrk`jkt sdiuom mjocvjr ik wdgt
Fikarjss mcrjftjm ck 7332.
Fikarjss pgssjm tdj ogw tdgt fgoojm
eir tdj kgtcikgo mgtgbgsj ck 7332 but
sdcetjm rjspikscbcocty ie jstgbocsdcka ct
ti tdj MIN ck 7335 bjfgusj tdj
Mjpgrt`jkt ie ]rgkspirtgtcik dgm
egcojm ti `glj gky djgmwgy.]dj `ivj
mcmkt `glj g mceejrjkfj< tdj MIN dgs
kiw mjogyjm `irj tdgk 78 yjgrswctdiut `glcka priarjss ik tdcs frctc-
fgo siurfj ie ckeir`gtcik eir fik-
su`jrs. Jvjry yjgr, pjipoj goo gfriss
tdj fiuktry egoo vcftc` ti guti ergum
wdjk tdjy buy usjm fgrs tdgt wjrj
rjbucot getjr g wrjfl.
Zkmjr tdj 7332 ogw, nukl gkm sgovgaj
ygrm ipjrgtirs grj rjqucrjm ti ecoj
`iktdoy rjpirts ti tdj mgtgbgsj ipjrg-
tir. Jgfd rjpirt cs suppisjm ti fiktgck
g ocst ie tdj vjdcfoj cmjktcecfgtcik
ku`bjrs ie goo nukl gkm sgovgaj vjdc-
fojs ibtgckjm murcka tdj prjvcius
`iktd.]dj ogw gosi rjqucrjs cksurgkfj
fi`pgkcjs ti ecoj sc`cogr rjpirts. But
tdj MIN dgs yjt ti jstgbocsd rjauogtciks
tdgt wiuom tjoo cksurgkfj fi`pgkcjs
gkm nukl gkm sgovgaj ygrms diw ti
rjpirt tdjcr ckeir`gtcik.
]dj suct ecojm by tdj fiksu`jr
ariups gsls tdj fiurt ti eckm tdj
7= www.BjgsojyGoojk.fi`
8/9/2019 The Jere Beasley Report, Mar. 2008
15/48
Mjpgrt`jkt ie Nustcfj ck vciogtcik ie
tdj 7332 ogw eir kit dgvcka jstgbocsdjm
tdj mgtgbgsj ir jvjk tdj rjauogtciks
sjttcka ct up.]dj fiurt cs bjcka gsljm
ti irmjr tdj MIN ti cssuj tdj rjauog-
tciks wctdck 68 mgys ie eckmcka tdj
gajkfy ck vciogtcik.
Viurfj>Xubocf Fctczjk
UC.
]DJ FIRXIRG]J
QIROM
BCAXDGR@GCVOC]JRGOOSRGXCKA]DJG@JRCFGKXJIXOJ
Jvjk tdiuad tdj pdgr`gfjutcfgo
ckmustry dgs bjjk g tgrajt ck tdj prjsc-
mjktcgo fg`pgcak, tdgt dgskt stippjmtdj ckmustry eri` fiktckucka ti gaarjs-
scvjoy rgcsj tdj prcfjs ie prjsfrcptcik
mruas. Xdgr`gfjutcfgo fi`pgkcjs
ckfrjgsjm wdiojsgoj prcfjs eir tdj :8
tip-sjoocka brgkmjm mruas by gk gvjrgaj
ie 1.42% ck 2881, getjr ckfrjgsjs ie
5.16% gkm 5.22% ck tdj prjvcius twi
yjgrs, gffirmcka ti Mjotg @grljtcka
Mykg`cfs Ckf.,g djgotd-fgrj `grljtcka
rjsjgrfd fi`pgky. ]dj `ist rjfjkt
ckfrjgsj cs go`ist miuboj tdj ivjrgoo
Z.V. jfiki`ys =.7% gkkugo ckeogtcikrgtj ogst yjgr. C g` gergcm tdgt wj grj
sjjcka nust tdj bjackkcka ie mrua prcfj
ckfrjgsjs tdgt wcoo fiktckuj gt rjfirm
pgfjs.
Vi`j ckmcvcmugo mruas dgm miuboj-
mcact prcfj ckfrjgsjs ivjr tdrjj yjgrs.
Eir jxg`poj,AogxiV`ctdLockj XOF
rgcsjm tdj prcfj ie gktcmjprjssgkt Qjoo-
butrck TO by ==.:% eri` 288: ti 2881.
Vgkiec-Gvjktcs VG rgcsjm tdj prcfj ie
sojjp mrua G`bcjk 18.7%.Vdcrj XOF
ckfrjgsjm tdj prcfj ie cts gttjktcik-
mjecfct mcsirmjr `jmcfgtcik, Gmmjrgoo
TR,by 66.:%,wdcoj tdj prcfj ie fdiojs-
tjrio-ecadtcka Ocpctirtdj wiroms tip-
sjoocka mrua, wdcfd briuadt ck riuadoy
$76 bcoocik ogst yjgr eir Xeczjr Ckf.
risj 75%.
]dj pdgr`gfjutcfgo ckmustry cs pioctc-
fgooy piwjreuo gkm dgs prjtty `ufd
dgm cts wgy ck iur kgtciks fgpctio.]dj
G`jrcfgk pjipoj dgvj bjjk vcftc`s ie
gk ckmustry tdgt dgs ojt `grljtcka
eirfjs ck tdj fi`pgkcjs pusd `jmcfgo
miftirs iut ie fiktrio pisctciks ck tdj
firpirgtj strufturj. Arjjm dgs prjtty
wjoo tgljk ivjr ck tdj firpirgtj bigrm-
rii`s ie tdj mrua fi`pgkcjs gkm tdgt
dgs rjsuotjm ck tdj G`jrcfgk pjipoj
subscmczcka tdj rjst ie tdj wirom ik tdj
prcfjs ie prjsfrcptcik mruas.
]dj pdgr`gfjutcfgo ckmustry dgs
bjjk g tgrajt ie frctcfcs` ck tdj prjsc-
mjktcgo fg`pgcak by Vjkgtir Bgrgfl
Ibg`g, wdi wcoo bj tdj Mj`ifrgtcf
ki`ckjj.Dj wcoo bj g strika pritjftir
ie fiksu`jrs ikfj dj cs jojftjm.]dj
egft tdgt G`jrcfgks pgy `irj eir ckmc-
vcmugo mruas tdgk gky itdjr fiuktrys
fctczjks fgkt bj nustcecjm. Ik dcs Qjb
sctj, Vjkgtir Ibg`g sgys dj wcoo
prjvjkt \mruaP fi`pgkcjs eri`gbuscka tdjcr `ikipioy piwjr
tdriuad uknustcecjm prcfj ckfrjgsjs.
]dj Vjkgtir dgs jkmirsjm acvcka tdj
ejmjrgo aivjrk`jkt,wdcfd furrjktoy cs
jxfoumjm by ogw eri` mcrjftoy kjaitcgt-
cka wctd mrua `gljrs, tdj piwjr ti
kjaitcgtj prcfjs eir tdj @jmcfgrj Xgrt
M mrua bjkject.]dj rcadt ie tdj ejmjrgo
aivjrk`jkt ti kjaitcgtj prcfjs wctd
tdj piwjreuo mrua fi`pgkcjs wgs
tgljk iut ie tdj Xrjsfrcptcik Mrua Gft
pgssjm ck 2885 by tdj Busd Gm`ckcstrg-tcik gkm tdj mrua ckmustry oibbycsts.
@ist eiols grj sdifljm wdjk tdjy eckm
iut wdgt dgs dgppjkjm ik tdgt erikt.
Viurfj> Qgoo Vtrjjt Niurkgo
ECUJEIR@JRCKVZRGKFJJTJFZ]CUJVEIZKMAZCO]S
Ecvj eir`jr cksurgkfj fi`pgky
jxjfutcvjs wjrj eiukm aucoty ogtj ogst
`iktd ie g sfdj`j ti `gkcpuogtj tdjeckgkfcgo stgtj`jkts ie tdj wiroms
ograjst cksurgkfj fi`pgky.]dj vjrmcft
fg`j eiooiwcka g `iktd-oika ejmjrgo
fiurt trcgo. ]dj mjejkmgkts wjrj eiur
eir`jr jxjfutcvjs ie Ajkjrgo Rj Firp.
gkm g eir`jr jxjfutcvj ie cksurgkfj
ckmustry ojgmjr G`jrcfgk Cktjrkgtcikgo
Ariup Ckf.,wdi wjrj gffusjm ie ckeogt-
cka GCAs rjsjrvjs tdriuad rjcksurgkfj
mjgos by $:88 `coocik ck 2888 gkm 2887
ti grtcecfcgooy biist cts stifl prcfj.]dj
mjejkmgkts wjrj eir`jr Ajkjrgo Rj
FJI Rikgom Ejrausik< eir`jr Ajkjrgo
Rj Vjkcir Ucfj Xrjscmjkt Fdrcstipdjr X.
Agrgkm Gssifcgtjm Xrjss
GCA VJ]]OJVQC]DV]G]JVIUJRBCM-RCAACKAGOOJAG]CIKV
G`jrcfgk Cktjrkgtcikgo Ariup, Ckf.
(GCA) dgs rjgfdjm sjttoj`jkts wctdkckj stgtjs gkm tdj Mcstrcft ie Fiou`bcg
rjogtcka ti tdjcr ckvjstcagtciks ckti
goojajm bcm-rcaacka gkm prcfj-ecxcka gkm
qujstciks gbiut ukmcsfoisjm fiktck-
ajkt fi``cssciks pgcm ti briljrs.]dj
stgtjs fiktjkmjm tdgt si`j ie GCAs
subscmcgrcjs wjrj ckviovjm ck g pgy-ti-
pogytgftcf usjm by @grsd & @fOjkkgk
gkm itdjr cksurgkfj briljrs tdgt pur-
pirtjmoy fgusjm busckjssjs ti pgy
dcadjr cksurgkfj prj`cu`s.]dj sjttoj-
`jkts, wdcfd grj subnjft ti fiurt
gpprivgos, wjrj rjgfdjm wctd tdj Gttir-
kjys Ajkjrgo ie Eoircmg, Dgwgcc, @gry-
ogkm, @cfdcagk,Irjaik,]jxgs, gkm Qjst
Ucrackcg< tdj Fi``ikwjgotds ie @gssg-
fdusjtts gkm Xjkksyovgkcg< tdj Mcstrcft
ie Fiou`bcg
8/9/2019 The Jere Beasley Report, Mar. 2008
16/48
rjogtcka ti GCAs rjogtciksdcp wctd
Goocjm Qirom Gssurgkfj Fi., gkm
ckfoumjs gk gmmctcikgo sjttoj`jkt
pgy`jkt ie $:88,888 rjogtjm ti tdgt
cssuj.
Gffirmcka ti tdj fi`pogckt,GCA gkm
sjvjrgo ie cts cksurgkfj subscmcgrcjs
goojajmoy fikspcrjm wctd @grsd gkm
itdjr briljrs by sub`cttcka eglj bcms
ti frjgtj tdj coouscik ie g fi`pjtctcvj
bcmmcka prifjss ck tdj jxfjss fgsugoty
fi``jrfcgo cksurgkfj grljt. Ckvjstc-
agtirs sgcm tdjy mjtjr`ckjm tdgt
mjspctj tdj gppjgrgkfj ie g egcr bcmmcka
prifjss, tdj briljr dgm gorjgmy
mjfcmjm wdcfd cksurjr wiuom rjfjcvj g
pgrtcfuogr piocfydiomjrs busckjss. Gs
pgrt ie tdj sfdj`j, GCA pgcm tdj
briljrs fiktckajkt fi``cssciks tdgt
wjrj kit mcsfoisjm ti piocfydiomjrs
gkm ck rjturk rjfjcvjm itdjr oufrgtcvjbusckjss, gffirmcka ti lkiwojmajgboj
siurfjs.
Viurfj> Cksurgkfj Niurkgo
$2= @COOCIKVJ]]OJ@JK]CKMIQNIKJV]RGMCKAFGVJ
]dj Vjfurctcjs gkm Jxfdgkaj Fi`-
`csscik dgs sjttojm cts fgsj wctd g
eir`jr mcrjftir ie Miw Nikjs gkm tdrjj
itdjrs. Mgvcm Oc, tdj eir`jr Miw Nikjs
bigrm `j`bjr, dgm bjjk gffusjm ie
pgsscka fikecmjktcgo ckeir`gtcik gbiut
Rupjrt @urmifds $: bcoocik ieejr eir
tdj fi`pgky ti g ercjkm, @cfdgjo
Ojuka.Oc, tdj fdgcr`gk gkm FJI ie tdj
Bgkl ie Jgst Gscg, wcoo pgy gk $4.7
`coocik fcvco pjkgoty ti rjsiovj tdj
`gttjr. Ojuka wcoo mcsairaj tdj $4.7
`coocik priect dj gmj iee tdj tcp,gkm
pgy g eurtdjr pjkgoty ie $4.7 `coocik.
]dcs brckas ti gk jkm ikj ie tdj bcaajst
ckscmj-trgmcka ckvjstcagtciks ie 2881.]dj titgo g`iukt ie tdj sjttoj`jkt cs
$2= `coocik.
Viurfj> ZVG ]imgy
DJGO]DFGRJECKGKFCKAFI@XGKSV]IOJ$7.3 BCOOCIKERI@CKUJV]IRV
Jxjfutcvjs ie Kgtcikgo Fjktury
Eckgkfcgo Jktjrprcsjs, g egcojm djgotd
fgrj eckgkfcka fi`pgky mjergumjm
ckvjstirs ie $7.3 bcoocik gkm tiil pgrt
ck g `gsscvj fivjr-up ti dcmj tdjcr
mjgockas. ]dcs cs ikj ie tdj ograjst
wdctj-fioogr frc`js sckfj Jkrik gkm
QiromFi`. ]dj aivjrk`jkt sgys
Kgtcikgo Fjktury jxjfutcvjs `csmc-
rjftjm pgy`jkts gkm tdjk `gmj up
ku`bjrs gkm oigmjm egosj mgtg ik ti
fi`putjr systj`s ti fivjr tdjcr trgfls,
wdcoj `ivcka `ikjy bjtwjjk sub-
scmcgrcjs ti `glj tdj` gppjgr djgotdy.
]dj fi`pgkys `csscik wgs ti djop
djgotd fgrj fi`pgkcjs pgy tdjcr bcoos
by ecoocka tdj agps bjtwjjk tdj tc`j
miftirs rjkmjrjm g sjrvcfj gkm tdj
tc`j tdjy wjrj pgcm.G trcgo ck ejmjrgo
trcgo ck Fiou`bus, Idci stgrtjm ogst
`iktd gkm cs jxpjftjm ti ogst eir
sjvjrgo wjjls. Kgtcikgo Fjktury wgs
pgycka si`j djgotd fgrj fi`pgkcjs`ikjy wjoo ck jxfjss ie wdgt tdjy
kjjmjm ti fivjr ipjrgtcka fists wdcoj
fikfjgocka jxtrg pgy`jkts eri`
Kgtcikgo Fjktury ckvjstirs.
Kgtcikgo Fjktury dgm bjjk tdj
kgtciks ograjst siurfj ie eckgkfcka ti
djgotd fgrj privcmjrs. Miftirs, dispc-
tgos gkm itdjr privcmjrs rjfjcvjm
`ikjy eri` tdj fi`pgky rgtdjr tdgk
wgctcka eir cksurgkfj pgy`jkts, usugooy
ajttcka 48 ir 38 fjkts ik tdj mioogr.
Kgtcikgo Fjktury wgs tdjk ti fioojftgkm ljjp tdj euoo g`iukt ie tdj pgy-
`jkts iwjm by cksurgkfj fi`pgkcjs.
Kgtcikgo Fjktury rgcsjm tdj `ikjy ti
eukm cts busckjss by sjoocka bikms ti
ckvjstirs, wdi rjfjcvjm cktjrjst pgy-
`jkts eiooiwjm by g ou`p-su`
pgy`jkt. ]dj aivjrk`jkt goojajs
Kgtcikgo Fjktury jxjfutcvjs riutckjoy
ivjrpgcm si`j djgotd fgrj privcmjrs,
`gky ie tdj` jktctcjs ck wdcfd tdj
jxjfutcvjs dgm g eckgkfcgo cktjrjst.
Kgtcikgo Fjktury tiom ckvjstirs ct wgs
`glcka tdj pripjr pgy`jkts, gffirm-
cka ti tdj aivjrk`jkt.]dj aivjrk`jkt
jxpjfts ti fgoo =: wctkjssjs murcka tdj
trcgo, wdcfd cs jxpjftjm ti ogst scx ti
jcadt wjjls.
Viurfj> Gssifcgtjm Xrjss
VJ]]OJ@JK]IKGCROCKJXRCFJECTCKA
Brctcsd Gcrwgys gkm Ucrack Gtogktcf
wcoo nicktoy pgy gbiut $286 `coocik ti
sjttoj g ogwsuct briuadt by pgssjkajrs
wdi sgcm tdj gcrockjs coojagooy ecxjm tdj
prcfj ie eujo surfdgrajs ik oika-dguo
trcps.]dj garjj`jkt sjttojs g twi-yjgr-
iom fgsj ck Zkctjm Vtgtjs Mcstrcft Fiurt
eir tdj Kirtdjrk Mcstrcft ie Fgoceirkcgfiktjkmcka tdgt fusti`jrs ivjrpgcm
eir eujo surfdgrajs, wdcfd wjrj jgkt
ti djop gcrockjs fipj wctd rcscka eujo
fists. Zkmjr tdj pgft,G`jrcfgk tcfljt
purfdgsjrs wcoo rjfjcvj $:3 `coocik gkm
Brctcsd purfdgsjrs wcoo ajt 16.:
`coocik ($7==.= `coocik) ck rjeukms,
gffirmcka ti ogwyjrs rjprjsjktcka tdj
pogcktcees. ]dj garjj`jkt, wdcfd stcoo
rjqucrjs fiurt gpprivgo, fivjrs jcadt
`coocik pgssjkajrs ck tdj Zkctjm Vtgtjs
gkm Brctgck wdi biuadt tcfljts eri`
jctdjr Brctcsd Gcrwgys ir Ucrack
bjtwjjk Guaust 77, 288=, gkm @grfd
26, 2885.]dj gcrockjs wcoo pgy ikj-tdcrm
ie tdj eujo surfdgraj tdj pgssjkajrs
pgcm eir jgfd tcfljt.
Ogst yjgr, Brctcsd Gcrwgys garjjm ti
pgy riuadoy $2=1 `coocik ck g sjttoj-
`jkt wctd Brctcsd gutdirctcjs eir mcs-
fusscka eujo surfdgrajs wctd Ucrack.]dj
ogtjst garjj`jkt rjsiovjs g fcvco ogwsuct
briuadt ck tdj Zkctjm Vtgtjs tdgt fik-tjkmjm tdgt pgssjkajrs wjrj ivjr-
fdgrajm ik tdj eujo surfdgrajs gkm
wjrj tiom tdgt tdj gmmjm ejjs wjrj kjf-
jssgry ti fivjr tdj rcscka fist ie eujo,
but ck rjgocty wjrj usjm ti ckfrjgsj tdj
gcrockjs priects. ]dj g`iukt ti bj
rjeukmjm ti pgssjkajrs wcoo bj up ti
78 ($73.5:) eir jgfd eocadt sja`jkt.
]dj Qgsdckatik ogw ecr`s ie Fidjk
@costjck Dgusejom & ]ioo gkm Fitfdjtt,
Xctrj & @fFgrtdy ck Burockcag`j, Fgoc-
eirkcg,rjprjsjktjm tdj pogcktcees.Viurfj> Rjutjrs
75 www.www.BjgsojyGoojk.fi`
8/9/2019 The Jere Beasley Report, Mar. 2008
17/48
UCC.
XRIMZF]
OCGBCOC]S ZXMG]J
RIIEV]RJKA]DRZOJMJOGSJMGAGCK
Vgejty rjauogtirs gt tdj Kgtcikgo
Dcadwgy ]rgeecf Vgejty Gm`ckcstrgtcik
(KD]VG) grj dgvcka g mceecfuot tc`j
upmgtcka tdj fiktrivjrscgo stgkmgrm eir
vjdcfoj riie strjkatd.]dj prjsjkt stgk-
mgrm dgs bjjk ik tdj biils sckfj 7317
gkm g pripisjm kjw stgkmgrm dgs bjjk
rjpjgtjmoy mjogyjm. Kiw, KD]VG dgs
gsljm eir gmmctcikgo ckeir`gtcik eri`
guti`gljrs, sgejty gmvifgtjs, gkm tdj
pubocf gbiut tdj pripisjm kjw stgk-
mgrms.]dj `ist rjfjkt vjrscik ie tdj
ruoj ukmjr fikscmjrgtcik gt KD]VG
wiuom rjqucrj bitd scmjs ie g vjdcfojriie ti suppirt gt ojgst twi gkm dgoe
tc`js tdj vjdcfojs wjcadt. But sgejty
gmvifgtjs grjkt buycka ct. Xubocf
Fctczjk Xrjscmjkt Nigk Fogybriil,wdi
djgmjm KD]VG eri` 7311 tdriuad
7347,ibsjrvjm>
]dj pripisgo cs stcoo g stgtcf tjst
ikj bgsjm ik `gtdj`gtcfgo fgo-
fuogtciks, rgtdjr tdgk g mykg`cf
pdyscfgo tjst gkm ct stcoo cs gt 2.:
tc`js tdj wjcadt ie tdj vjdcfoj.
]dj gajkfy dgs pogyjm ag`js wctd
tdj rjauogtcik sckfj tdj ecrst KD]VG
rjvcscik ie tdj riie strjkatd ruoj fg`j
gbiut. Jvjrybimy lkiws tdj furrjkt
ruoj cs vjry wjgl.]dj jxcstcka stgkmgrm
`gkmgtjs tdgt nust ikj scmj suppirt gt
ojgst ikj gkm dgoe ie tdj wjcadt ie g
vjdcfoj wjcadt. ]dj ckctcgo rjvcscik ie
tdj riie strjkatd ruoj eri` KD]VG
rjqucrjm suppirt ie twi gkm dgoe tc`js
vjdcfoj wjcadt but wiuom dgvj fiktck-ujm tjstcka ik ikj scmj ikoy. KD]VG
Gm`ckcstrgtir Kcfioj Kgsik kiw sgys
tdgt miuboj-scmjm tjstcka cs g vcgboj
gotjrkgtcvj gpprigfd.
Vgejty gftcvcsts dgvj mj`gkmjm g
mykg`cf riooivjr tjst, wdcfd wiuom
rjqucrj rioocka g `ivcka vjdcfoj ti
agtdjr mgtg.Guti`gljrs ckscst tdgt sufd
g tjst wcoo bj fistoy, gkm tdgt gffcmjkts
ckviovcka riooivjrs ckfoumj tii `gky
vgrcgbojs ti mjscak g rjocgboj tjst. Jgfd
yjgr, kjgroy 78,888 pjipoj mcj ck
riooivjr frgsdjs,but aivjrk`jkt mgtg
suaajst tdgt ikoy g s`goo pjrfjktgaj ie
vjdcfoj iffupgkts grj lcoojm by fioogps-
cka riies. Xubocf Fctczjk Xrjscmjkt Nigk
Fogybriil dgm tdcs ti sgy gbiut tdj
pripisjm ruoj>
]dj pripisgo gbsioutjoy cakirjs
jnjftcik gkm fiktgck`jkt ck tdj
vjdcfoj murcka riooivjrs, ck wdcfd
78,:88 pjipoj mcj jgfd yjgr gkm
gkitdjr 71,888 grj sjrciusoy
cknurjm. ]i nustcey g strika
riooivjr pritjftcik stgkmgrm, tdj
gajkfy sdiuom gmmrjss riie frusd,