Thursday, February 17, 2011

Being Right or Making Money



I am looking at a picture snapped this week in Tahrir Square, the now-famous stretch of land in central Cairo where so many hopes and dreams of a new Egypt have been voiced over the last 12 days. In the picture, a young man, maybe 20-years-old, is holding a simple handwritten sign that reads: "Dear Tourists, Don't Leave. We'll Protect You."



It's an arresting image that is already ricocheting around the Internet. And not only because the sign-holder is so young, but because of what it captures: a plea from the next generation to the international community not to abandon their economy. This sign is also a proclamation: we are not going to let our country fail, if you will only trust us.



The simple request begs a question. What moves are the leaders of the Arab nations and their private sector partners making to ensure that these brave citizens will get the support they need? In a world where the global business community is the new consensus-builder and FDI is the modern credibility index, it's time to act.



It is an understatement to say that the Arab World is amidst radical change -- political, economic, and social. We still don't know where the unprecedented popular uprisings started in Tunisia, followed by Egypt, and now posing a risk of the 'domino effect' in Yemen, Sudan, Jordan and possibly even Gulf states, will ultimately lead.



But what I do know, having organized dozens of high-level gatherings in the MENA region including the Middle East Peace Summit in Jordan and multiple summits in Sharm El Sheikh, is that there is an equally unprecedented opportunity right now for the region to come together in an inclusive way to make changes that will have an impact on many generations to follow.



As the demonstrators across the region have shown, the world is impatient for change. There is no more time to think and talk; it is time to act. And the most important question being faced across the Middle East today is not who will lead, or which party will rule -- but how will we survive?



Tourism revenues have bottomed out, with some estimates stating that Egypt has already lost $1 billion in tourism dollars since January 25th, and this represents but one strategic sector. Investors are fearful and hesitant to inject any more money into the market until it demonstrates political and economic stability.



The time is now to bring together all parties that will contribute to the future of the Arab World, including political and business leaders, academics, social scientists, constitutional law specialists, youth leaders and women's groups, as well as the foreign investment community. While it is clear that the Arab World must carve its own path, in this globalized world, it is essential to now involve friends that can help provide support them as they navigate to a new era.



And unlike previous summits, this is not an occasion for speeches and platitudes. It's time for to roll up sleeves, bring in the very best strategic advisors, and create a special fund to back an immediate action plan that supports political reform with the help of great institutions, promotes economic reform based on informed analysis and expertise, and initiates social reforms with the supports of worldwide experts and strategic firms.



The global marketplace needs confidence in the region, and there is still much to believe in. In their DNA, we see a deep reservoir of talent, education, natural resources, and open borders to FDI. But even more -- as the young man in the picture demonstrates -- the people are the greatest asset. There is a global culture present in the Arab world populated by citizens that are worldly, informed, speak perfect English and know what's happening around the world, from Brazil to China.



We have a responsibility to these people. Don't Leave. Come together.



Richard Attias, Chairman of the Columbia University Center on Capitalism and Society and creator of the New York Forum, has spent his career developing some of the most influential gatherings of global leaders in the last 20 years.









All right, so we knew former Bell officials were bellying up to the public trough. But is there a difference between a pig and a hog?


I decided to check after reading about this e-mail exchange between former Bell Assistant City Administrator Angela Spaccia and Randy Adams, who was about to become the police chief:


ADAMS: "I am looking forward to seeing you and taking all of Bell's money?!"


SPACCIA: "Okay … just a share of it!! LOL … well you can take your share of the pie … just like us!!! We will all get fat together … Bob has an expression he likes to use on occasion … Pigs get Fat … Hogs get slaughtered!!!! So as long as we're not Hogs … All is well!"


Bob, of course, is Robert Rizzo, the former city administrator who made nearly $800,000 a year. Bob is looking at 53 felony counts in the alleged looting of the city of Bell, so I think you could say the slaughter has begun.


Adams was paid more than $400,000; and Spaccia, who made $376,000, is charged with misappropriating funds. They all got fat together, in other words, and whether you use the term pig, hog or wild boar, what can you say to any of this but oink, oink, oink?


The exchange between Spaccia and Adams was released in the midst of Monday's preliminary hearing, and Spaccia's attorney Russell Petti wasted no time in putting a cloven hoof into his own mouth. He told Times reporter Jeff Gottlieb we shouldn't get the wrong idea about those e-mails, because Spaccia was actually "trying to save the city of Bell money."


Thanks, counselor. I'll believe that when pigs fly, as they say.


Petti also said: "The intent of that is, 'Look, we're all very well compensated by the city and let's not be pigs about it.' "


Yeah, sure. Spaccia tells Adams they'll all get fat together, Adams ends up making more than police chiefs in Los Angeles and New York, and she's out to save Bell money?


But I digress. Is there a difference between a pig and a hog?


Apparently so.


The dictionary says a pig is "any of several mammals of the Suidae family." Or, "any person regarded as being pig-like, greedy or gross."


A hog is defined as a pig weighing over 120 pounds, and also as a "self-indulgent, gluttonous or filthy person."


So are they pigs or are they hogs?


To be safe, should we just go with swine?


-- Steve Lopez


Photos: (Left) Randy Adams in June 2010. Credit: Gina Ferazzi / Los Angeles Times. (Right): Angela Spaccia in October 2010. Credit: Al Seib / Los Angeles Times




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