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fROM: knowledge.wharton

Special Section
Boom Time: Russia's Abundant Oil and Gas Reserves Are Powering up the Economy
The Big Bear is roaring in the first decade of the 21st century. Sixteen years after the collapse of the Soviet Union, Russia is once again making a play for Great Power status. In addition to its massive stockpile of nuclear arms, the country has resources that may give it even more leverage in the post-Cold War world -- one of the world's biggest reserves of oil and its biggest reserve of natural gas, as well as abundant supplies of aluminum, titanium and timber. The key to Russia's future will be transforming this commodities wealth into the kind of high-tech development that the world's strongest economies need. Knowledge@Wharton looks at the strengths and weaknesses of Russian industry, including its dependence on oil revenues, and analyzes the consumer goods and real estate sectors as well as the impact of the country's demographics on its economic health.
http://knowledge.wharton.upenn.edu/weblink/314.cfm

No Going Back: Russia Today Suggests Stability Instead of Chaos
Twenty years ago, few would have predicted that Russia would soon experience an economic boom. The country's economy had been shackled for decades by Soviet rule. It managed to produce oil, nuclear warheads, Kalashnikov rifles and very little else of interest to the market economies in the West. Then came the reforms of former Soviet President Mikhail Gorbachev, perestroika, the revolution of former President Boris Yeltsin, free markets, and billion-dollar fortunes for at least a few. But how are average Russians faring under these changes, and what challenges lie ahead in areas like health care, education and employment?
http://knowledge.wharton.upenn.edu/article/1716.cfm

Russia: 'Floating on an Enormous Pool of Petrodollars'
No one disputes that oil has fueled Russia's return to international prominence. The country has the world's second biggest oil reserves, behind Saudi Arabia, and its largest natural gas reserves. Each uptick in the price pumps billions of additional dollars into the Russian economy. The problem is, however, that oil-rich nations seldom transform their resource endowments into innovative market systems or branch out into other industries. Indeed, "petrostates" usually don't take steps to prepare for the day when their wells run dry. Will Russia be any different? Experts weigh in.
http://knowledge.wharton.upenn.edu/article/1717.cfm

Cell Phones, Cosmetics, Coffee: Russians Go on a Shopping Spree
Pent-up demand for consumer goods is surging in Russia, thanks to seven years of oil-lubricated economic growth. After decades of privation under the Soviet system, many Russians now find themselves with rubles in their wallets, eager to buy a range of newly available items ranging from IKEA furniture to designer watches to expensive meals at restaurants. It's a retail revolution -- helped along by credit cards and a more efficient banking system -- that shows no signs of slowing down. As one investor in Moscow puts it: "Oil prices could drop to $40 a barrel. Russians are still extremely rich."
http://knowledge.wharton.upenn.edu/article/1718.cfm

Why It's Unhealthy to Be a Man in Russia: Looming Crises in Health Care and Demographics
For all of its economic advances, Russia remains mired in a demographic crisis brought on by a combination of low birthrates and premature deaths. Russians spend more of their lives sick than their peers in the United States, Western Europe and Japan. If current trends don't reverse, Russia's population will drop to about 100 million from its current level of about 143 million by 2050, causing a shortage of workers that would choke off the country's growth. By simply addressing preventable deaths and raising life expectancy to the average level of Western Europe, Russia could give its gross domestic product a huge boost, according to a World Bank report entitled, "Dying Too Young."
http://knowledge.wharton.upenn.edu/article/1719.cfm

A Sizzling Real Estate Sector Draws Local and International Interest
Las Vegas has nothing on Moscow. The City of Sin is America's hottest urban real-estate market. But prices there pale compared with those in the city that Stalin built. According to at least one consulting firm, Moscow is the most expensive city in the world for expatriates, and soaring real estate prices have largely propelled its rise to the top of the list. The reason is simple: Demand is outstripping supply. Moscow simply doesn't have enough safe, modern and spacious apartments that foreigners and rich Russians want.
http://knowledge.wharton.upenn.edu/article/1720.cfm

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Have a Say in Making Our Site Better
Spring is in the air, and it's time for Knowledge@Wharton's annual readership survey. If there is one thing we know about many of our readers, it's that you do not hesitate to tell us when you like, or dislike, what you read in Knowledge@Wharton -- and we are grateful for your comments. With that in mind, we encourage you to take a few minutes to answer questions (via the link below) about your content preferences, your interest in new site features, and other aspects of your experience with us. The outcome, we hope, will be reflected in an online journal that better serves your needs. Thanks very much.
http://knowledge.wharton.upenn.edu/weblink/312.cfm

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FROM LEGAL BLOG WATCH

Legal Blog Watch

The Faith-Based Supreme Court Call it the Catholic connection. As University of Chicago law professor Geoffrey R. Stone points out in a post at the American Constitution Society's ACSBlog, religious affiliation may be the key to explaining last week's Supreme Court decision in Gonzales v. Carhart, upholding a federal law prohibiting so-called partial birth abortions, otherwise known as "intact dilation and evacuation" or "intact D & E." In its decision upholding the law, the majority noted that Congress had made several findings to support the legislation. The majority accepted those findings, even though, as Hazard writes, every other federal court that reviewed them found them to be "unreasonable, unbalanced, polemical, and unsupported by the facts." If so, how then to explain the decision? Hazard offers what he calls a "painfully awkward observation": "All five justices in the majority in Gonzales are Catholic. The four justices who are either Protestant or Jewish all voted in accord with settled precedent. It is mortifying to have to point this out. But it is too obvious, and too telling, to ignore. Ultimately, the five justices in the majority all fell back on a common argument to justify their position. There is, they say, a compelling moral reason for the result in Gonzales. Because the intact D & E seems to resemble infanticide it is 'immoral' and may be prohibited even without a clear statutory exception to protect the health of the woman." For Hazard, who served as a law clerk to Justice William Brennan in 1973, the year he joined the majority opinion in Roe v. Wade, last week's decision stands in stark contrast to Brennan's struggle to separate his personal religious views from his responsibilities as a justice. As did Justice Ginsburg in her dissent in Gonzales, Stone quotes from the Court's 1992 decision Planned Parenthood of Southeastern Pa. v. Casey, where it said: "Some of us as individuals find abortion offensive to our most basic principles of morality, but that cannot control our decision. Our obligation is to define the liberty of all, not to mandate our own moral code." To which Stone adds: "It is sad that Justices Roberts, Scalia, Kennedy, Thomas and Alito have chosen not to follow this example." Posted by Robert J. Ambrogi on April 23, 2007 at 03:08 PM | Permalink | Comments (0) Are You Ready for Litigation Avoidance? Should litigation be the first resort of lawyers or the last? At his blog Human Law Mediation, Justin Patten considers this question after reading an article in The Telegraph about U.K. entrepreneur Chris Gorman and the protracted litigation in which he and a business partner were accused of "stealing" a chain of card and gift shops. Gorman and his partner won the case, but not before going through what The Telegraph called a "public ordeal," a "great spectacle" and "a bruising personal experience for those concerned." As the article quotes Gorman: "My biggest frustration was that there was £10m costs between the four parties. No one gained anything from it. Think what the money could have done for charity." Precisely. Which leads Patten first to an observation and then a question. The observation: "Litigation is and for the foreseeable future will be a necessary step for many firms but it should be a point of last resort than a 1st point of call. The key question to ask here is whether there was an alternative to litigation. (I think Gorman indicates there was.)" For Patten, that observation raises the question: "Are lawyers really ready to embrace litigation avoidance? I wonder if the lawyers most likely to see the benefits of this will be the in-house lawyers who may be more aligned to the commercial needs of their firm than those lawyers in private practice." As for lawyers' readiness to embrace litigation avoidance, I suspect we all know the answer. Posted by Robert J. Ambrogi on April 23, 2007 at 03:05 PM | Permalink | Comments (0) Non-dad Must Pay Child Support We have all heard of deadbeat dads, but what about a non-deadbeat non-dad? At his blog May it Please the Court, J. Craig Williams comments on the case of a Florida man who learned too late he was not the father of the son he thought was his. As originally reported in The Christian Science Monitor, through a DNA test 16 months after his divorce, Richard Parker learned that someone else had fathered the 3-year-old boy. Facing court-ordered child-support payments of $1,200 a month for 15 years, he immediately turned to the courts, claiming fraud by his wife. His case took him all the way to the Florida Supreme Court, which issued its decision in February in Parker v. Parker. Williams tells what happened: "The Florida justices ruled 7-0 against Richard Parker. The Court ruled Parker must continue to pay $1,200 a month in child support. Parker's child support payments will total more than $200,000 over 15 years to support another man's child. Unfortunately, however, Florida has a one-year statute of limitations to prove fraud after a divorce, and Parker didn't file in time." Is this the correct result, Williams asks, or should the biological father pay for the child's support? For Parker, the question may still be more than academic. The Monitor reports that the Florida Legislature last year passed a law that allows men to use newly discovered paternity evidence to overturn a court order to pay support for someone else's child. Supporters of the law see it as a major step toward justice for deceived ex-husbands, the Monitor reports, but critics say it poses a potential danger to the well-being of mothers and children. Posted by Robert J. Ambrogi on April 23, 2007 at 03:04 PM | Permalink | Comments (0)

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News + News

Articles 1 to 10 of 221

How to Succeed in the Multi-faceted Diamond Business: The Gospel According to De Beers
During a recent Wharton Leadership Lecture, De Beers managing director Gareth Penny presented the history, strategy and mystique of the international diamond company, and offered his views on what it takes to be a leader in today's global society. In response to questioning from the audience, he also addressed the issue of "conflict diamonds" and noted De Beers' efforts to eliminate the sale of these products as well as to improve the health of communities where diamonds are mined.

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The Man Who Would Change Microsoft: Ray Ozzie's Vision for Connected Software
Microsoft's Ray Ozzie has a long and storied history of technological innovation, with accomplishments that include creating Lotus Notes and founding Groove Networks. But Ozzie may now be facing the most daunting challenge of his career: coordinating the work of Microsoft's various product groups to keep the world's largest software company agile enough to address the challenge of the next generation of Internet-enabled software. Knowledge@Wharton recently met with Ozzie to talk about his vision for the future of networked computing.

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Bill George's 'Authentic Leadership': Passion Comes from People's Life Stories
Bill George, probably best known in the business community for his former position as chairman and CEO of Medtronic, is also an author. In 2003 he published a book called, Authentic Leadership: Rediscovering the Secrets to Creating Lasting Value. This month he published his second book titled, True North: Discover Your Authentic Leadership, described by George and his co-author Peter Sims as a way to "locate the internal compass that guides you successfully through life." George is also a professor of management practice at Harvard Business School. He and Michael Useem, director of Wharton's Center for Leadership and Change Management, recently talked with Knowledge@Wharton about authentic leadership, both the book and the concept.

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Hit by an Earthquake: How Scandals Have Led to a Crisis in German Corporate Governance
German corporations have long prided themselves on being above-board, but scandals at some of the country's multinational icons have seriously tarnished that reputation. The scandals allegedly involve hundreds of millions of dollars in bribes, the procurement of prostitutes and misbehavior by some of the country's most senior executives, including officials at Siemens, Volkswagen, Deutsche Bank and other firms. The situation is so grave that it may prompt German executives to adopt Anglo-American style corporate-governance principles, according to governance and business ethics experts at Wharton and in Germany.

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The Halo Effect: Debunking Some Hot Business Books with One of His Own
In The Halo Effect ... and the Eight Other Business Delusions That Deceive Managers, Phil Rosenzweig tears into some of the most popular business books of recent years, suggesting that a number of the principles bandied about in the business world are based on misguided thinking and flimsy research. These books "contain not one or two, but several delusions," he writes. "For all their claims of scientific rigor, for all their lengthy descriptions of apparently solid and careful research, they operate mainly at the level of storytelling."

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'Dude, You Need a CEO': The Return of Michael Dell
It's a common occurrence in Corporate America: An entrepreneurial founder starts a successful business, builds it to a certain size and hands it over to a CEO to run. But then, when things don't go well, the founder steps back in to take direct control of the organization. That, essentially, is what happened last week when Michael Dell returned to become the CEO of Dell, replacing Kevin Rollins. What will it take to turn Dell around? Wharton management professor Peter Cappelli is the director of the school's Center for Human Resources. He spoke with Knowledge@Wharton about these issues.

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The World Economic Forum: A Call to Exercise Global Leadership, Not Just Self Interest
This year's convening of The World Economic Forum in Davos, Switzerland, brought together approximately 2,400 corporate executives, heads of government and leaders of organizations like the World Bank and Human Rights Watch to debate issues ranging from global warming to the rise of the Internet and the future of the Middle East. Michael Useem, director of Wharton's Center for Leadership and Change Management, attended the five-day event. He offers his report on what he calls Davos' "culture of transcendent leadership," which he defines as "a willingness by those with company or country responsibilities to make decisions that benefit those far beyond the decision maker's own organization or nation."

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How E*Trade's Caplan Brokered a Turnaround for a Once-doomed Company
There's a saying in show business: Never follow an animal act. Yet that was the tough task facing Mitchell Caplan, CEO of E*Trade Financial Corp., when he took the floor to deliver a speech at Wharton -- with the audience still laughing over a clip from a notorious E*Trade ad that aired during the 2000 Super Bowl. Caplan didn't falter, however, and went on to discuss how he had helped rescue a company that, four years ago, seemed on the brink of extinction.

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Home Unimprovement: Was Nardelli's Tenure at Home Depot a Blueprint for Failure?
After years of a declining stock price, Home Depot announced the resignation of CEO Robert Nardelli on January 3. Wharton faculty members and other experts say Nardelli, a talented former executive at General Electric who came within a hair's breadth of replacing Jack Welch as head of the giant conglomerate, brought the wrong toolbox to the job after he was recruited for Home Depot's top spot in December 2000. With strategic missteps, an outsized compensation contract and a knack for alienating employees and shareholders, Nardelli turned out to be a star-crossed leader.

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Is There a Business Case for Diversity? Yes -- But It's Not in the Numbers
Try applying traditional metrics like cost and return on investment to find the value of diversity, and you are likely to come up empty handed, according to a panel of African-American executives at Wharton's 33^rd Annual Whitney M. Young Memorial Conference. Still, they noted, diversity has a growing importance in the workplace, and minority workers need to focus on their own development in such critical areas as mentoring and balancing corporate identity with activism.

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BEAUTIFUL

'Chilean Love Poetry Online'

by Rosario Lizana

Love is one of the universal languages. One of the Chilean poets who wrote poems about love was Pablo Neruda. Not only do Chilean bloggers have Neruda's romantic prose in their digital DNA, but so do bloggers around the world. Here is a selection of Pablo Neruda's poetry that has spread throughout the net.

Dantecalva (ES) explains in her post "Poetry with Conscience" what the poems can produce:

Ni en mis peores momentos de apatía mis fieles libros me abandonaron. La poesía siempre ha sido una compañía de todas las etapas en el transcurso de mi vida. La he sabido poner en el lugar pretendido, es decir, mi palabra o cualquier texto.

¿A cuántas personas en este mundo nos ha movido un sentimiento una frase bien hilada? ¿Cuándo se escuece el alma con solo leer algo conmovedor? ¿O cuándo dejamos nuestras emociones en la pluma de otros?

Not even in my worst moments of apathy do my faithful books abandon me. Poetry has always been a companion throughout each chapter of my life. I have learned to put it in the proper place, that is, in my words or any text.

How many people in this world have been moved to emotion by a perfectly threaded phrase? When our soul is touched by just what we read? Or when we leave our emotions in the pens of others?

She continues with a selection of Neruda's poems that she likes the most. Damian (ES) posts the poem "I love you" along with more poems in Spanish from other authors. He declares in his blog "I don't mind if you loved me…. In my dreams I have you."

Sabrás que no te amo,
y que te amo,
puesto que de dos modos es la vida,
la palabra es un ala del silencio,
el fuego tiene una mitad de frío.

Yo te amo para comenzar a amarte,
para recomenzar el infinito
y para no dejar de amarte nunca:
por eso no te amo todavía.

You'll know that I dont love you,
and that I love you,
just as of the two ways of life,
the word is a wing of silence,
the fire has its portion of cold.

I love you to begin loving you,
To restart infinity,
And not to never stop loving you:
That why I don't love you yet

Te amo y no te amo,
como si tuviera,
en mis manos las llaves de la dicha,
y un incierto destino desdichado.

Mi amor tiene dos vidas para amarte.
Por eso te amo,
cuando no te amo
y por eso te amo,
cuando te amo.

I love you and I don't love you,
as if I had,
in my hands the keys of happiness,
And a uncertain destiny without fortune.

My love has two life's to love you
That why I love you,
When I don't love you,
And that's why I love you
When I love you.

The spanish blog, elperiodistadigital (ES) post the poem "Poema 20" from Nerudas book "Veinte poemas de amor y una canción desesperada" ("Twenty poems of love and one desperate song"). Here is a fragment:

Puedo escribir los versos más tristes esta noche.

Escribir, por ejemplo: "La noche está estrellada,
y tiritan, azules, los astros, a lo lejos".
El viento de la noche gira en el cielo y canta.

Puedo escribir los versos más tristes esta noche.
Yo la quise, y a veces ella también me quiso.

I can write the saddest verses tonight.

Write, for example: "The night is starry,
and shivering, blue, and the astros, far away".
The wind of the night spins in the sky and sing.

I can write the saddest verses this night.
I loved her and sometimes she loved me two.

En las noches como ésta la tuve entre mis brazos.
La besé tantas veces bajo el cielo infinito.

Ella me quiso, a veces yo también la quería.
Cómo no haber amado sus grandes ojos fijos.

On nights like this I had her between my arms.
I kissed her so many times beneath the infinite sky.

She love me, and sometimes I loved her too.
How could I not have loved her big frozen eyes.

On this site (ES), there is a complete list of the most famous poems of Pablo Neruda, as well as MP3 files of the poet reading his own poems.

You may view the latest post at
http://www.globalvoicesonline.org/2007/04/20/chilean-love-poetry-online/

--------------------------------------------------------------------------------------------------------
Best regards,
The Global Voices Team
globalvoices.online@gmail.com

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Question from eBay Member regarding Item #120108947826

eBay sent this message from Bridgite Jhonson (lvchapin). Question about Item -- Respond Now eBay sent this message on behalf of an eBay member through My Messages. Responses sent using email will go to the eBay member directly and will include your email address.  Question from lvchapin lvchapin( 371) Positive feedback: 100% Member since: Jan-06-02 Location: NY, United States Registered on: www.ebay.com Item: 120108947826 Activity with lvchapin (last 90 days): - You have bid on 0 items from lvchapin Hello, I saw that the auction was closed with no winner and I want to know if the item is still available for sale. Let me know asap! Thank you! Respond to this question Responses in My Messages will not include your email address. Details for item number: 120108947826 Item URL: http://cgi.ebay.com/ws/eBayISAPI.dll?ViewItem&item=120108947826&sspagename=ADME:B:AAQ:US:1 End date: Friday, Apr-20-07 10:05:00 PDT Marketplace Safety Tip Always remember to complete your transactions on eBay - it's the safer way to trade. Is this message an offer to buy your item directly through email without winning the item on eBay? If so, please help make the eBay marketplace safer by reporting it to us. These "outside of eBay" transactions may be unsafe and are against eBay policy. Learn more about trading safely. Is this email inappropriate? Does it violate eBay policy? Help protect the Community by reporting it. Learn how you can protect yourself from spoof (fake) emails at: http://pages.ebay.com/education/spooftutorial This eBay notice was sent to you on behalf of another eBay member through the eBay platform and in accordance with our Privacy Policy. If you would like to receive this email in text format, change your notification preferences. See our Privacy Policy and User Agreement if you have questions about eBay's communication policies. Privacy Policy: http://pages.ebay.com/help/policies/privacy-policy.html User Agreement: http://pages.ebay.com/help/policies/user-agreement.html Copyright © 2007 eBay, Inc. All Rights Reserved. Designated trademarks and brands are the property of their respective owners. eBay and the eBay logo are registered trademarks or trademarks of eBay, Inc. eBay is located at 2145 Hamilton Avenue, San Jose, CA 95125.

IMPORTANT: Security Issues [Incident: 0409252]

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Students massacred in class

Students massacred in class

BREAKING NEWS

A lone gunman is dead after killing 31 people at a college in the U.S. state of Virginia. The president of Virginia Tech called the massacre a "incomprehensible, heinous act." Virginia Rep. Randy Forbes said he understands the shooter was a student and that he turned the gun on himself.

DEVELOPING STORY

•  Virginia Tech shootings | Campus map

•  Cops draw guns, hunt shooter | Gallery

•  I-Report: Gunshots captured on a cell phone

•  Tech president talks of 'monumental' horror

• Witness: Two panicked kids jumped out a window

• I-Report: Send your videos, photos

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Sunday, April 15, 2007

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