Oct. 22, 2021 – The first edition of the Zero Sum Game of Global finance was started on June 11, 2005 After “The Perfect Storm” email was sent on June 3, 2005.
The first of the three examples of the ZSGGF (1st edition) was emailed to Prof. Ronald Hilton on July 21, 2005, since it involved the Chinese government-controlled firm CNOOC’s (China National Offshore Oil Co.) offer to buy the U.S. oil company UNOCAL . Among those who objected to the proposed sale was WAISer and former CIA Director James Woolsey.
Unocal sale to CNOOC draws more opposition
The San Diego Union-Tribune By Toby Eckert
COPLEY NEWS SERVICE July 14, 2005
http://www.signonsandiego.com/uniontrib/20050714/news_1b14unocal.html
>
WASHINGTON – The chairman of the House Armed Services Committee said yesterday that he would consider proposing legislation to block the sale of the U.S. oil company Unocal to a Chinese government-controlled firm if Unocal shareholders and a federal commission approve the deal.
Critics, including former CIA Director R. James Woolsey, told the House Armed Services Committee that it would be naive to view CNOOC’s $18.5 billion bid for El Segundo-based Unocal as a largely commercial venture. They said the Chinese firm is financing the cash deal with no-interest and low-interest loans from its government-owned parent company, China National Offshore Oil Co.
> =========== News abbreviated =======
FIRST EXAMPLE News Item No. 1
Blair’s efforts push U.S. to increase aid to continent
Jim VandeHei, Nell Henderson, Washington Post
San Francisco Chronicle Saturday, June 11, 2005
http://www.sfgate.com/cgi
bin/article.cgi?file=/c/a/2005/06/11/MNG59D78CE1.DTL
Washington — President Bush is intensifying efforts to help Africans suffering from war, famine and AIDS by agreeing to erase billions of dollars in international debt, dispatching two key White House officials to the region and planning to announce more direct aid for Africa as early as next month, administration officials said.
A little over a month later this news item (1st Example News story no.2)
Unocal sale to CNOOC draws more opposition
The San Diego Union-Tribune By Toby Eckert
COPLEY NEWS SERVICE July 14, 2005
http://www.signonsandiego.com/uniontrib/20050714/news_1b14unocal.htm
SECOND EXAMPLE:
News item No.1
Goldman Sachs 3Q Profits Leap 83 Percent
Tuesday September 20, 2005 4:59 pm ET
By Michael J. Martinez, AP Business Writer
http://biz.yahoo.com/ap/050920/earns_goldman_sachs.html?.v=11
Goldman Sachs Third-Quarter Profits Jump 83 Percent on Very Strong Fixed
Income Trading
NEW YORK (AP) — While the stock market may be flat for the year and bonds remain volatile, Wall Street firm Goldman Sachs had no problem finding ways to make money as it posted a 83 percent surge in quarterly earnings Tuesday.
News Item no. 2 the next day (2nd Example):
Morgan Stanley Profit Plummets 83 percent on Charge
By MICHAEL J. MARTINEZ, AP Business Writer
Wed Sep 21, 2005 4:47 PM ET
http://news.yahoo.com/news?tmpl=story&u=/ap/20050921/ap_on_bi_ge/earns_morgan_stanley_7
NEW YORK – Morgan Stanley said Wednesday its profit fell 83 percent in the third quarter as the Wall Street firm took a $1 billion charge to write off the value of its aircraft financing business. Its results without the charge
surpassed Wall Street’s expectations.
========= News abbreviated ======
THIRD EXAMPLE:
News item no. 1
World Bank Loans to China Draw Criticism From U.S. Congressmen
World Bank Loans to China Draw Criticism From U.S. Congressmen
http://www.bloomberg.com/apps/news?pid=10000103&sid=aG.zJeyT46jg
Two months later this news story came out.
(News story no. 2 Third Example – )
China to release $500M to Northrail despite feud By Ayen Infante Daily Tribune Thursday, October 06, 2005
(link no longer available)
The Chinese government will pursue a commitment to extend $1 billion worth of funds to finance the construction of the proposed North Luzon Railway project despite the controversies that are bugging the project.
North Luzon Railways Corp. president Jose Cortez Jr. said the Chinese government is not affected by controversies raised against the project and even expressed intention to hasten the release of a remaining $500 million for the second phase that will be linked to the first part of the project
from Malolos to Clark.
============ News abbreviated =============
This observer asks: Is the $1 Billion funding from China to finance the North Rail project in the Philippines, the same $1 Billion that the World Bank loaned to China that U.S. Congressmen were criticizing? – B Macario.
Welcome to the new frontier of Global Financial Engineering.
Gmail – Short Paper: Zero Sum Game of Global Finance (google.com)
Art imitates life?
| Bienvenido Macario <ned.macario@gmail.com> |
| Short Paper: Zero Sum Game of Global Finance |
| Ned Macario <ned.macario@gmail.com> | Fri, Dec 7, 2007 at 10:24 PM |
| To: WAIS–John Eipper <jeipper@stanford.edu>, Ned Macario <ned.macario@gmail.com> Bcc: laspinassja <laspinassja@yahoo.com>, b_macario <b_macario@hotmail.com>, lazir888 <lazir888@yahoo.com>, “macario@stanfordalumni.org” <macario@stanfordalumni.org> | |
| December 7, 2007 Dear John, This short paper was sent to Prof. Ronald Hilton on July 21, 2005 over a month after I first e-mail the “Perfect (Financial) Storm” dated June 3, 2005. With the mortgage, credit and housing crises on full swing, this Zero Sum Game of globalization has spawned new tools of forecasting and management. One such tool came up on Aug. 9, 2007. |
> From: b_macario@hotmail.com
> To: hilton@stanford.edu; hilton@hoover.stanford.edu; vitamike@hotmail.com
> CC: b_macario@hotmail.com
> Subject: The Zero Sum Game – Global Financial Edition
> Date: Thu, 13 Oct 2005 05:58:45 +0000
>
> October 13, 2005
>
> Dear Sir,
>
> When I was in the financial services industry, worked with a good friend
> Mike Clifford who now works in New York. It is his birthday today.
>
Anyway, below is a short paper discussing my observations in today’s global finance. Again I have to refer (you) to the keynote speech by Stanford University President John Hennessy during the 2001 WAIS conference on globalization. He emphasized how, with today’s technology, information could go around the world in a matter of minutes.
>
> The technology has been here for sometime now. It is up to business leaders and entrepreneurs to familiarize themselves on the productive but ethical ways to use these powerful high tech tools in a continuously evolving
globalized business setting.
>
>
> Best regards,
>
>
> Bienvenido Macario
> The Zero Sum Game Theory of Global Finance
> By Bienvenido Macario
>
> b_macario@hotmail.com Printed: Saturday, July 23, 2005 12:30 AM
>
> From : B Macario <b_macario@hotmail.com>
> Sent : Thursday, July 21, 2005 6:20 PM
> To : hilton@stanford.edu, hilton@hoover.stanford.edu
> CC : b_macario@hotmail.com,
>
> Subject : Oil Price Hike
> July 21, 2005
>
> Dear Sir,
>
> With the price of oil tending to go up, market forces will inspire ingenuity in sourcing and profit enhancement.
>
> We now have a zero-sum global economic and financial set-up. Like a 4 man card game, one’s total winnings is the sum of all the losses of the other three (3) remaining players. A concrete example is the debt forgiveness of
the poorest African nations. Two weeks after their debts were forgiven, CNOOC offered $18 Billion cash for UNOCAL. How much was the total debts of the poorest African nation? You’re right it was $18 Billion.
FIRST EXAMPLE News Item No. 1
> Blair’s efforts push U.S. to increase aid to continent
> Jim VandeHei, Nell Henderson, Washington Post
> San Francisco Chronicle Saturday, June 11, 2005
> http://www.sfgate.com/cgi
> bin/article.cgi?file=/c/a/2005/06/11/MNG59D78CE1.DTL
>
Washington — President Bush is intensifying efforts to help Africans suffering from war, famine and AIDS by agreeing to erase billions of dollars in international debt, dispatching two key White House officials to the region and planning to announce more direct aid for Africa as early as next month, administration officials said.
>
> A little over a month later this news item (1st Example News story no.2)
> Unocal sale to CNOOC draws more opposition
> The San Diego Union-Tribune By Toby Eckert
> COPLEY NEWS SERVICE July 14, 2005
> http://www.signonsandiego.com/uniontrib/20050714/news_1b14unocal.html
>
WASHINGTON – The chairman of the House Armed Services Committee said yesterday that he would consider proposing legislation to block the sale of the U.S. oil company Unocal to a Chinese government-controlled firm if Unocal shareholders and a federal commission approve the deal.
Critics, including former CIA Director R. James Woolsey, told the House Armed Services Committee that it would be naive to view CNOOC’s $18.5 billion bid for El Segundo-based Unocal as a largely commercial venture. They said the Chinese firm is financing the cash deal with no-interest and low-interest loans from its government-owned parent company, China National Offshore Oil Co.
> =========== News abbreviated =======
>
This observer recalls that the debt relief package for the poorest African nations as sponsored by Tony Blair as finally approved was an $18 Billion package. B Macario. Two weeks later China initiated the offer to buy UNOCAL’s El Segundo facilities. CNOOC revised its offer to $18.5 Billion cash before withdrawing. – B. Macario (Five-page e-mail abbreviated.)
SECOND EXAMPLE:
> News item No.1
> Goldman Sachs 3Q Profits Leap 83 Percent
> Tuesday September 20, 2005 4:59 pm ET
> By Michael J. Martinez, AP Business Writer
> http://biz.yahoo.com/ap/050920/earns_goldman_sachs.html?.v=11
>
> Goldman Sachs Third-Quarter Profits Jump 83 Percent on Very Strong Fixed
> Income Trading
NEW YORK (AP) — While the stock market may be flat for the year and bonds remain volatile, Wall Street firm Goldman Sachs had no problem finding ways to make money as it posted a 83 percent surge in quarterly earnings Tuesday.
>
> News Item the next day (2nd Example news no. 2):
>
> Morgan Stanley Profit Plummets 83 percent on Charge
> By MICHAEL J. MARTINEZ, AP Business Writer
> Wed Sep 21, 2005 4:47 PM ET
> http://news.yahoo.com/news?tmpl=story&u=/ap/20050921/ap_on_bi_ge/earns_morgan_stanley_7
>
NEW YORK – Morgan Stanley said Wednesday its profit fell 83 percent in the third quarter as the Wall Street firm took a $1 billion charge to write off the value of its aircraft financing business. Its results without the charge
surpassed Wall Street’s expectations.
> ========= News abbreviated ======
>
> This observer labeled the first news as “Financial Classic” news when it first came out.
THIRD EXAMPLE:
News item no. 1
World Bank Loans to China Draw Criticism From U.S. Congressmen
http://www.bloomberg.com/apps/news?pid=10000103&sid=aG.zJeyT46jg
Aug. 5, 2005 (Bloomberg) — World Bank critics are training their fire on the institution’s loans to China, a capital-rich country on a buying spree for U.S. bonds and companies, saying the bank’s money should go to needy nations.
The World Bank, whose mission is fighting poverty in developing nations, lends about $1 billion, or 4.5 percent of its annual budget, to China. Part of the interest payments from the billions of dollars it has loaned China then goes to support borrowing of poorer countries.
“It’s silly that China is still taking these huge loans from the World Bank,” said Peter Morici, an economist at the University of Maryland in College Park. “They’re sitting on a huge amount of money.”
=========== News abbreviated =============
Two months later this news story came out.
(3rd Example News story no. 2 – )
China to release $500M to Northrail despite feud
By Ayen Infante Daily Tribube Thursday, October 06, 2005
The Chinese government will pursue a commitment to extend $1 billion worth of funds to finance the construction of the proposed North Luzon Railway project despite the controversies that are bugging the project.
North Luzon Railways Corp. president Jose Cortez Jr. said the Chinese government is not affected by controversies raised against the project and even expressed intention to hasten the release of a remaining $500 million for the second phase that will be linked to the first part of the project
from Malolos to Clark.
============ News abbreviated =============
This observer asks: Is the $1 Billion funding from China to finance the North Rail project in the Philippines, the same $1 Billion that the World Bank loaned to China that U.S. Congressmen were criticizing? – B Macario.
> Welcome to the new frontier of Global Financial Engineering.
Gmail – Short Paper: Zero Sum Game of Global Finance (google.com)