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Sep 28, 2010

Mining Interactive : Tasman Metals CEO Mark Saxon Interviewed by - on-the-record questions and answers. Sept. 28th., 2010

September 28, 2010


TSXv - TSM; Frankfurt - T61 (WKN A0Y GN1); Pinksheets – TASXF
"The Tasman Metals Rare Earth Story"

Dear Friends:

The following interview with Mark Saxon, CEO of Tasman Metals and on-the-record questions by Matthew Smith of earlier this month provides an excellent overview of the Company and answers most of the questions that I receive daily from investors.

Below is a transcript of the on-the-record questions.


Begin: Tasman is a relatively new company in an industry just now beginning to be discovered by investors.  So can you give us an overview of the sector in which you are operating?

Mark Saxon: Recognition of the rare earth element (REE) sector as an investment opportunity has occurred slowly, as it has taken investors time to understand the critical role played by these metals in every facet of modern society.  While the metals can’t be seen everyday like copper or gold, rare earth elements play a key role in almost every piece of high-tech equipment that surrounds us in our home and working lives.

The rare earth story is made more compelling by the supply imbalance that is causing consumers to drive REE prices higher.  Metals like copper and gold are produced from numerous mines around the globe, so supply alternatives exist when political constraints intervene.  In contrast, more than 95% of rare earth elements come from just a few mines in China, supply from which for western consumers is subject to quotas and tariffs.  This lack of supply chain diversity is not adequately robust in the eyes of consumers, so creating the opportunity for greatly expanded Western rare earth element production. Can you describe for us the business model of the company, and the role you play in the sector?

Mark Saxon: Tasman identified the growing opportunity in the rare earth element sector early on, and through the “first-mover” advantage gained 100% ownership of a number of heavy rare earth element projects across Sweden and Finland.  These countries provide an excellent environment for investment in mining and exploration, with extensive high quality geotechnical data, second to none road, rail and power infrastructure, and a highly skilled population.   

Tasman’s European portfolio provides the unique opportunity to supply domestically sourced rare earth elements to the EU, so reducing the regions reliance on Chinese supply.

While we are advancing numerous projects, Norra Karr in Sweden has received most of our attention and budget to date.  The results have been very pleasing, as drilling returned many intersections of REE plus zirconium mineralization, often over thicknesses greater than 100m.

One key feature that makes Norra Karr stand out from its peers is the high proportion of the high value heavy rare earth elements for which supply is tight inside and outside China.  Approximately 50% of our total rare earth elements are heavy, which is uniquely high in the rare earth sector. What are your drilling plans for the current year and 24 months out?

Mark Saxon: We are fortunate that most of our project areas have road access, so logistics for drilling is pretty straight forward for us.  No helicopters, barges or float planes needed.

Over the 2010 northern summer we have focused our efforts on mapping and sampling, but I anticipate we will be in a position to drill for most of winter and spring on a number of project areas, and use the following summer/autumn to assess and advance with those results. Where does your treasury stand?  Is it in cash, CDs, money market accounts or corporate paper?  If corporate paper, could you explain as to what?

Mark Saxon: Tasman is currently well financed, with in excess of $4.4 million, spread principally between Bank Guaranteed Investment Certificates, Bankers' Acceptances, and bank savings accounts.  We consider that all of these deposits and investments to be extremely liquid and of high quality.  Tasman holds no corporate paper. Rare earth prices are rising across the board due to the quota cutting by China.  Has this sparked interest by institutional and hedge fund buyers?

Mark Saxon: The rare earth market has certainly drawn plenty of attention over the last few months aided by the Chinese cut in export quotas and efforts to reduce black market export of these metals.  While some cut was expected, the magnitude surprised market analysts, and has lead to a sharp run up in pricing.  Concern has been expressed by REE consumers about security of supply, and the critical need for alternate REE sources.

Interest in Tasman and the niche we have to potentially supply REE’s to Europe has certainly increased over the last few months.  The profile of the company has been raised by our positive drilling results, which has lead on to discussion regarding financing and future metal supply opportunities.  As Tasman was the first-mover in the region, we have been able to acquire every project of significance, giving us a strong advantage over our competitors.  We have regular contact with institutional groups, interested to learn about the projects and potential of Tasman. Not including options, what percentage of the company does management own?

Mark Saxon: Management currently owns approximately 27% of Tasman’s outstanding shares. Is Tasman looking to add to its portfolio of properties or will you focus on exploring what you currently have?

Mark Saxon: Tasman runs an active project generation group, focused on identifying new REE projects in strategic locations.  Furthermore we monitor closely the activities of our peers and competitors in all jurisdictions.  We are always interested in reviewing new projects and ideas from any part of the globe.

All projects are reviewed against Tasman’s current portfolio of highly prospective properties, which includes projects from greenfields to historic resource stage, in areas supported by excellent infrastructure.

With this challenging hurdle in mind, we will only add high quality projects that can compete within our current portfolio. Are you looking for JV partners?

Mark Saxon: We have recently Joint Ventured out seven non-core projects to ASX and AIM listed exploration companies, receiving cash and shares in compensation.  We are not actively seeking JV partners for our current portfolio, but are happy to discuss opportunities for strategic partnerships. Will Tasman be a European focused explorer, or could we see the company take on projects in say Canada, Africa or Australia?

Mark Saxon: Our current portfolio of projects in Scandinavia provides Tasman with the enviable combination of high geological prospectivity, excellent infrastructure, mining-friendly jurisdictions, and local REE end users.  In addition, the EU has recently published extensive policy documents, actively supporting the mining of strategic metals including REE’s in Europe.

We review projects from all parts of the world, and a decision to explore a new project shall be “project driven”.  Inclusion of a project in a new jurisdiction shall require high prospectivity, and fit with our belief that strategic metals must be in locations where secure supply of high quality product can be guaranteed. Could you tell us about the company’s goals?

Mark Saxon: Tasman’s management have established clear goals for the company: to focus on the exploration and development of high merit strategic metal projects in jurisdictions where  long term supply of metals can be guaranteed, while providing a safe and healthy workplace, and operating in a manner that respects both the natural environment and stakeholders.    

The Company’s focus on the stable, mining friendly countries of Scandinavia fits well with this goal. How do you feel Tasman is valued?  Undervalued, fairly valued, or overvalued and why?

Mark Saxon: Tasman is a well financed rare earth element explorer, with a spread of greenfields to former REE mines in stable mining friendly jurisdictions.  The Company is less than 12 months old, and as the Company develops we believe we have great potential to add value to our projects, in a sector that is just beginning to gain market recognition. Where do you see the industry in 5 years from now?  Such as overall market cap, and who do you think will be the consolidators, if any?  Where does Tasman fit into all this?

Mark Saxon: Taking a 5-year view on the REE sector is tough, as 5 years ago the sector barely existed outside of China, and now a strong and growing exploration industry exists.

REE’s are strategic metals used in small amounts in many modern applications.  An increase in metal supply security will definitely increase research into uses of the metals, and flow through to increased consumption.  The price outlook for heavy rare earths is particularly strong over the coming 5 years, as resources for these metals are low in China and quotas and export restrictions are anticipated to remain in place.

Consolidation is probable over 5 years, perhaps bringing together companies with light rare earth projects with those with heavy rare earth projects.  We may also see REE consumers stepping up the supply chain more aggressively, to fund project development so ensuring the long term availability of these essential metals. With this view, the market capitalization of the sector will expand significantly.

Tasman’s unique position with the only significant REE projects in mainland Europe provides great potential for us to play a lead role in securing REE supply for high-tech and green-tech industry within the EU. Will Tasman be raising any money in the next 12 months?

Mark Saxon: Tasman has a strong treasury, with adequate working capital for the company’s medium term goals plus approximately $5 million in “in-the-money” warrants.

In order to secure work programs across all our highest priority projects, we shall take the opportunity to raise money in the next 12 months should market conditions allow. Based on current drill results, what are the characteristics of your flagship property (i.e., mineralization close to surface, large intercepts, etc.)?

Mark Saxon: Some of the key features of Tasman’s Norra Karr project that encourages our management group to advance the project rapidly are:

  • Mineralized from surface with a footprint that is hundreds of metres wide and long;
  • Thick intersections of mineralization, often exceeding 100 metres, and remaining open at depth  on all drill sections;
  • Excellent infrastructure with existing road access to site plus power, water and skilled communities close by;
  • Low uranium and thorium contents, therefore no mining, treatment or disposal issues that relate to radioactivity.  This will greatly simplify future permitting processes for mining;
  • An unusually high % of HREO, consistently exceeding 50% over greater than 100 metre intervals;
  • A high proportion of Dy (dysprosium) and Y (yttrium) – metals in demand with good growth fundamentals and few new sources of supply;
  • High grades of Zr (zirconium), and Hf (hafnium) over thicknesses greater than 100 metres, that may provide valuable byproducts;
  • Simple access to existing high volume coastal ports. Any plans for an updated NI 43-101 report on Norra Karr, or is that a year or two out?

Mark Saxon: The next milestone for Norra Karr is the calculation of a first time resource estimate, which is currently under way under the leadership of Pincock Allen Holt.  We anticipate this calculation will be completed during November 2010.

We are also initiating metallurgical test work to research concentrate preparation, which will generate further new technical data over the winter period. Mr. Saxon we thank you for your time and look forward to further news regarding your progress.


Again, "Stay Tuned" - - for the next Chapter in the Tasman Metals Rare Earth Story!!!
Nick L. Nicolaas
Mining Interactive "Ahead of the Pack"
Acronyms used:
REE rare earth elements, lanthanum to lutetium by atomic weight plus yttrium
LREE light rare earth elements, lanthanum to samarium by atomic weight
HREE heavy rare earth elements, europium to lutetium plus yttrium
TREO rare earth elements, calculated as oxides, including lanthanum to
            lutetium plus yttrium
HREO heavy rare earth elements, as per HREE above, calculated as oxides
LREO light rare earth elements, as per LREE above, calculated as oxides
Strategic Metals, Including Rare Earth Elements and their common usage:

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Nick L. Nicolaas
(604) 657-4058

NYT : Breaking News Alert.-Guilty Plea Expected by Ex-N.Y. Comptroller Alan G. Hevesi in Corruption Case. Sept.28th., 2010

Breaking News Alert
The New York Times
Tue, September 28, 2010
Guilty Plea Expected by Ex-N.Y. Comptroller Alan G. Hevesi in Corruption Case

Alan G. Hevesi, the former state comptroller, is poised to
plead guilty to a felony corruption charge after a lengthy
investigation into his office's rewarding of pension
investment business to firms that provided financial benefits
to Mr. Hevesi and his aides, people with knowledge of the
case said.

Barring an 11th-hour change of heart, Mr. Hevesi will become
the highest-ranking state official convicted in the case and
most likely to serve time in prison: In 2006, he pleaded
guilty to a separate felony after admitting he had used state
workers to chauffeur his ailing wife, but avoided jail time
in that case after he agreed to resign.

Read More:

CNBC EVENING BRIEF : States Are Poised to Be Next Credit Crisis for US: Whitney. Sept. 28tyh., 2010


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»Web Extra: See what happens to a water bottle once you throw it away


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MarketWatch : Personal Finance Daily.- Shareholders should get more active, not less


Personal Finance Daily
SEPTEMBER 28, 2010

Tuesday's Personal Finance stories

Don't miss these top stories:

By MarketWatch

When you own shares in a company, just how much right do you have to complain about its practices? For Chevron Corp., the line appears to be drawn about at the point where you start leading chants at shareholder meetings.

The energy company pressed criminal charges against an investor who apparently stood up at a recent meeting to complain about Chevron's environmental practices, then proceeded to encourage other attendees to participate in a presumably less-than-complimentary rant against the company, according to our story today.

Did this activist shareholder take things too far? I'd argue the company probably could have had her removed from the room if she refused to let the meeting proceed. By pressing charges, Chevron may be drawing more attention than it really wants to this activist's claims.

After all, in a post-BP-spill world, investors rightly are concerned about the possible environmental — and market — repercussions of a company's activities. At about $39.50 today, BP's share price is still not back to where it was pre-spill (it hit about $60 before the rig disaster on April 20). And there are the impossible-to-quantify effects of that particular disaster. People's lives were lost. Jobs are gone. The Gulf of Mexico may never be the same.

Some news accounts have pointed to a company culture at BP where safety took a back seat to short-term profits. Certainly in those situations more investors should stand up at shareholder meetings to complain — and loudly.

Andrea Coombes , Personal Finance editor


Chevron throws book at shareholder activist

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How college health plans fail students

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Is a Roth 401(k) right for you?

Roth 401(k) accounts are becoming more prevalent in company-sponsored retirement plans. Whether one is right for you depends on factors including your expectations of future income-tax rates.
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Setting up a business structure

After getting laid off from a senior engineering job last year, Marc Karell launched a consulting business from his home in Mamaroneck, N.Y. But before he landed a single client, the unemployment benefits he had been relying on to make ends meet came to a sudden halt.


Home price growth slows in July

Home price growth in 20 major U.S. cities slowed in July, showing that both transactions and prices have been impacted by the expiration of a key tax credit.
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Top U.S. CEOs less optimistic on economy

The leaders of America's largest companies have scaled back their sales forecasts and plan to hire fewer workers over the next six months, according to a survey released Tuesday.
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U.S. consumers less confident: Conference Board

Consumer confidence in the U.S. economy remains "quite grim," the Conference Board reported Tuesday, as the group's monthly gauge fell to 48.5 in September, the lowest reading since February.
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Banks keep failing, no end in sight

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Commentary: Inflation, not deflation, is biggest threat

The Federal Reserve's wish for more inflation may come true sooner than the central bank expects.
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Commentary: America on the brink of a Second Revolution

"What's distinctive about the Tea Party is its anarchist streak -- its antagonism toward any authority, its belligerent self-expression, and its lack of any coherent program or alternative to the policies it condemns," warns Jacob Weisberg in Newsweek. But why not three cheers for the Tea Party Express?
Read more on America on the brink of a Second Revolution.

Commentary: U.S. complaints about yuan are mostly politics

The U.S. government and Congress' complaints over China's currency are reaching a crescendo. The driving force is America's depressed labor market: Employment will undoubtedly be the most important issue in November's midterm elections.
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Gordon Gekko's real life transgressions

For a generation of Wall Street bankers, the symbol of the perfect investment banker wasn't any flesh-and-blood individual in the industry, it was Michael Douglas.
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CFTC : Joint Statement by CFTC Chairman Gary Gensler and European Commissioner Michel Barnier on the Financial Reform Agenda. Sept. 28th., 2010

Joint Statement by CFTC Chairman Gary Gensler and European Commissioner Michel Barnier on the Financial Reform Agenda

United States Commodity Futures Trading Commission (CFTC) Chairman Gary Gensler and European Commissioner Michel Barnier spoke today and reaffirmed their strong determination to cooperate closely in strengthening the global financial system.

CFTC Charges People's Alternative, Inc. and its Principals with Commodity Pool Fraud and Misappropriation. Sept. 28th., 2010

CFTC Charges People's Alternative, Inc. and its Principals with Commodity Pool Fraud and Misappropriation

Tue, 28 Sep 2010 11:21:00 -0500
The CFTC obtained an emergency federal court order freezing the assets of defendants People’s Alternative, Inc. of Los Angeles, Calif. and its principals, Jaime Gallardo of Pasadena, Calif., and Karl Ochoa and Maria Iracheta, both of Los Angeles.

RTTNews : Evening Market Wrap .- Stocks Close Mostly Higher After Seeing Early Weakness - U.S. Commentary

Evening Market Wrap Tue Sep 28 17:01 2010  


Sep 28, 2010 Stocks Close Mostly Higher After Seeing Early Weakness - U.S. Commentary After coming under pressure in early trading on Tuesday, stocks showed a substantial turnaround over the course of the morning and ended the day mostly higher. While buying interest was somewhat subdued in afternoon trading, the major averages all ended the day in positive territory. Full Article

Economic News

Sep 28, 2010 Home Prices Rose At Slower Annual Rate In July Home prices in the month of July increased at a slower annual rate compared to June, according to a report released by Standard and Poor's on Tuesday, although the report showed that home prices in most markets increased on a monthly basis. Full Article
Sep 28, 2010 Consumer Confidence Drops In September Amid Deterioration In Expectations After reporting a modest improvement in consumer confidence in August, the Conference Board released a report on Tuesday showing that confidence saw a substantial retreat in September due in large part to a notable deterioration in consumer expectations. The Conference Board said its consumer confidence index fell to 48.5 in September from a downwardly revised 53.2 in August. Economists had expected the index to edge down to 53.0 from the 53.5 originally reported for the previous month. Full Article

Earnings News

Sep 28, 2010 Walgreen Q4 Profit Rises, Tops Estimates - Update Drugstore chain Walgreen Co. (WAG) reported Tuesday a higher profit in its fourth quarter, mainly driven by strong growth in prescription sales. Quarterly earnings per share as well as top line beat market projections. President and CEO Greg Wasson commented that the double-digit increase in earnings were driven by strong operating performance across its 7,500-store network and expense control company wide. Full Article

Corporate News

Sep 28, 2010 Northrop Grumman Wins $2.63 Bln Worth Homeland Security Contract - Update Defense contractor Northrop Grumman Corp. (NOC) said Tuesday that it has won a $2.63 billion task order to install a campus-wide information technology infrastructure at the U.S. Department of Homeland Security or DHS headquarters in Washington D.C. The ten-year contract was awarded by the U.S. General Services Administration for information technology integration at the new DHS campus under the Alliant indefinite delivery, indefinite quantity contract. Northrop said that the work will be conducted over a five-year base period with a two-year option and an additional three-year option period. Full Article


Sep 28, 2010 Endo Pharma To Buy Generics Maker Qualitest For $1.2 Bln Cash; Confirms FY10 View - Update Endo Pharmaceuticals Holdings Inc. (ENDP) Tuesday announced a definitive deal to acquire privately-held generics company Qualitest Pharmaceuticals for about $1.2 billion in cash. Endo expects the transaction to be immediately accretive to adjusted earnings per share in the first full year after the deal closure. Endo also backed its adjusted earnings and revenue outlook for fiscal 2010. Full Article

Political News

Sep 28, 2010 Emanuel Said To Be Preparing Run For Mayor Of Chicago President Barack Obama's right-hand man is expected to leave the White House and head back to Chicago to run for mayor of the city. Rahm Emanuel himself hasn't made the announcement, but people close to the Chief of Staff told CNN that his departure is imminent. Full Article
Sep 28, 2010 Poll: McMahon Closing Fast On Blumenthal In Connecticut Senate Race Democrat Richard Blumenthal is losing his grip on the Connecticut US Senate race, with Republican Linda McMahon closing to within a few points in the latest Quinnipiac University poll. State attorney general Blumenthal leads McMahon, a former professional wrestling executive, by a 49-46 margin, according to the poll released Tuesday. Full Article

F & F I N : Reuters Daily Investor Update .-Latecomers jump on Wall St's September rally. Sept. 28th., 2010

Latecomers jump on Wall St's September rally
Confidence slips to lowest since February
Amid doubts, deficit panel eyes retirement, tax
Medley says Fed preps quantitative easing: source
Walgreen profit beats expectations
CEOs less willing to hire, sales a worry
Barnes & Noble's chairman fends off Burkle
Long time for Google mobile to bring most revenue: CEO
Best Buy to spend more on holidays, hiring flat
JetBlue prefers to grow on its own: CEO

NYT : Afternoon Business News.-In Russia, BP Sees a Second Act. Sept. 28th., 2010


In Russia, BP Sees a Second Act

Reviled in the United States, the oil giant has mended its once-caustic relations with Russia at an opportune time.

Block on Minerals Called Threat to Japan's Economy

China denies halting shipments of rare earths, but traders and industry executives say customs agents are blocking exports to Japan after a territorial dispute.

AOL to Acquire TechCrunch

The deal will help the company beef up its growing online editorial business.

Barnes & Noble Wins Battle for Board

Barnes & Noble on Tuesday fended off a proxy challenge from billionaire investor Ron Burkle, holding on to the seat held by its chairman, Len Riggio, left.

Wall Street Finds Some Momentum

Shares had fallen after the Conference Board said September consumer confidence in the United States slipped to its lowest levels since February.

The Washington Post : Afternoon Edition. Most Reas Articles. Sept. 28th., 2010


Most Viewed Articles on

1) Were those boos for the Mama Grizzly?

Did former Alaska guv/TLC reality star/Fox News Channel contributor Sarah Palin get the raspberry from ABC's "Dancing With the Stars" audience Monday night?

2) A sadder but wiser Axelrod packs his bags

David Axelrod, leaving Washington in defeat.

3) Woodward excerpts: Biden warned Obama during Afghan war review not to get 'locked into Vietnam'

The second of three articles adapted from "Obama's Wars" by Bob Woodward.

4) North Korean leader promotes son, sister in advance of party conference

SEOUL - North Korean leader Kim Jong Il promoted his son and his sister to top military positions in the hours before the country's largest political conference in 30 years, demonstrating anew his reliance on family bloodlines to protect his reclusive regime.

5) Household income plunged in 2009

Household incomes shrank for the second year in a row in 2009, as the recession eroded the share of American families earning over $100,000 and swelled the ranks of people who are poor or just barely making it, according to census statistics released Tuesday.

6) Liberal groups plan One Nation rally in D.C.

Liberal groups hoping to revive enthusiasm before the midterm elections are encouraging members to show up on the Mall on Saturday for a rally that they expect to draw tens of thousands of people.

7) 'The Wire' writer David Simon among MacArthur genius grant winners

David Simon, the writer-producer of hour-long TV dramas "Homicide," "The Wire" and "Treme" is among 23 recipients of a MacArthur Fellowship, also known as a "genius grant," also known as a $500,000 jackpot with no strings attached.

8) A soul to search in Atlanta

Whether he's an upstanding father or a sexual con artist, he ought to promote tolerance of homosexuality.

9) Woodward excerpts: Military thwarted president seeking choice in Afghanistan

The first of three articles adapted from "Obama's Wars" by Bob Woodward.

10) France on high alert as officials warn of possible terrorist attacks

PARIS- When an unclaimed package was spotted in a busy Paris subway station Monday, police immediately diverted trains, ordered thousands of frustrated travelers into the street and dispatched a bomb squad to test for explosives.

INVESTOPEDIA: Wall Street Writers: A Behind-The-Scenes Career.Sept. 28th., 2010

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Wall Street Writers: A Behind-The-Scenes Career
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FINRA Update FINRA Update
Amendments to FINRA Rules on Trading Pauses Due to Extraordinary Market Volatility and Clearly Erroneous Transactions in Exchange-Listed Securities

CFTC: Derivatives Reform, EUROFI Financial Services Forum Panel on Trading and Clearing. Sept. 28th., 2010

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Tue, 28 Sep 2010 08:55:00 -0500
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MarketWatch : Special Financial Services.- Apple, H-P shares swing on Tim Cook rumor.

Apple, H-P shares swing on Tim Cook rumor
By Benjamin Pimentel MarketWatch

Speculation that H-P might be considering Tim Cook moves both companies stocks. 

U.S. Department of Transportation Signs Global Safety Information Exchange Agreement. Sept.28th., 2010

DOT 180-10
Tuesday, September 28, 2010 
Contact: Alison Duquette 
Phone: 202-267-3883 
U.S. Department of Transportation Signs Global Safety Information Exchange Agreement

MONTREAL – U.S. Transportation Secretary Ray LaHood today signed an agreement to make flying safer around the globe through the exchange of safety information between the U.S. Department of Transportation (DOT) and international aviation bodies.
Under the Memorandum of Understanding signed at the 37th Assembly of the International Civil Aviation Organization (ICAO), DOT, the Commission of the European Union, the International Air Transport Association and ICAO will participate in the Global Safety Information Exchange (GSIE). The aim of the exchange is to improve civil aviation safety by providing a clearer perspective on existing and emerging areas of risk and increasing the opportunity to identify timely solutions.
“When countries and international organizations each share their information on air safety, they can help make flying safer in all parts of the world,” Secretary LaHood said. “This agreement shows that the global aviation community is moving forward to share data that will improve aviation safety across borders.”
GSIE will provide a framework for identifying what safety information could be shared, how to communicate it, and the mechanisms for the actual exchange of information. The participants will not exchange confidential or protected information but will focus on findings from broad studies and analyses.
This agreement grew out of a commitment first formed during the ICAO High Level Safety Conference in March, which focused on the need for greater transparency in data sharing. 
“The increasing number of flights worldwide requires that we as a global aviation community acquire, share and analyze safety data so that we have more data points to predict and mitigate risk,” said Randy Babbitt, administrator of the Federal Aviation Administration (FAA).

A steering committee will identify the relevant safety information and determine how the information will be shared.
This agreement builds on the work of the U.S. Commercial Aviation Safety Team (CAST) which, along with new aircraft, regulations and other activities, has reduced the fatality risk for commercial aviation in the United States by 83 percent from 1998 to 2008. CAST is now moving beyond the “historic” approach of examining past accident data to a more proactive approach. The FAA’s Aviation Safety Information Analysis and Sharing (ASIAS) program ties together 46 U.S. safety databases across the industry and is integrated into the CAST process. For more information, go to

FORBES : Commentary.- The Myth & Mistake Of Quantitative Easing. Sept. 28th., 2010

The Myth And Mistake Of Quantitative Easing
Brian S. Wesbury and Robert Stein
Now that fair-value accounting rules have been corrected, there is no further justification for it.

Too Soon To Call For Asian Decoupling
Arpitha Bykere
Until Asia expands its domestic demand and internal trade, the region's economic fate will remain tied to the U.S. and E.U.
Battle For Preeminence
Lee Kuan Yew
President Obama has decided to reestablish U.S. power and influence in East Asia and the Pacific.
Why Did Alan Give Dollar the Bird?
Steve Forbes
What is one to make of Alan Greenspan's recent remarks regarding gold?
Restaurants: Go, Consider, Stop
Steve Forbes
Edible enlightenment from our eatery experts and colleagues Richard Nalley, Monie Begley and Chef Jeff Lamperti, as well as brothers Bob, Kip and Tim.

MarketWatch : Special Financial Services.- The Technical Indicator: Staking out the U.S. markets’ next target . Sept. 28., 2010 .

The Technical Indicator: Staking out the U.S. markets’ next target
By Michael Ashbaugh MarketWatch

Following a nearly straight-line September spike, the S&P 500 has reached its latest technical checkpoint. 

By Alistair Barr MarketWatch

Investment bank Moelis & Co. gets into the $1.8 trillion hedge-fund business with the acquisition of Gracie, a $2 billion firm focused on credit trading. 

By Shawn Langlois MarketWatch

Endo shares rally to a three-year high after the company says it will buy a generic drug maker for $1.2 billion. 

By Sam Mamudi MarketWatch
9/28/2010 11:14:50 AM

M&T Bank leads financial stocks lower, extending the prior session’s decline. 

F & F I N : Conference Board reports consumer confidence falls to 48.5 in September, lowest level since February. Sept. 28th., 2010

Consumer Confidence
Consumer Confidence Slips Driven by deteriorating labor market and business conditions, consumer confidence dropped to 48.5 in September, the lowest levels since February.


Lacking Confidence, Markets Retreat

Spooked by the worst consumer confidence report in seven months, Wall Street suffered a pullback.

Home Prices Dip in July

The S&P/Case Shiller home price composite index of 20 metropolitan areas declined 0.1%.

Fed Mulls Smaller Bond Buying Plan

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SEC: Report will Bring Confidence

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RTTNews: Daily Market Analysis.- Traders Look Ahead With Hope To Consumer Confidence Data . Sept. 28th., 2010

Daily Market Analysis Tue Sep 28 09:21 2010 

Sep 28, 2010 Traders Look Ahead With Hope To Consumer Confidence Data - RTTNews Daily Market Analysis The major U.S. index futures are pointing to a higher opening on Tuesday, with sentiment likely to remain guarded ahead of the release of the consumer confidence report. Economic data from across the Atlantic has been encouraging, with Germany reporting strong consumer confidence reading, while earlier in the day the Asian Development Bank gave an upbeat commentary on growth in developing Asian countries. Depending on how the U.S. consumer confidence index comes in, the markets may see a bounce or a retreat, although range bound trading is most likely. Full Article