company name	Reuters
company logo
company type	Subsidiary
foundation	October 1851
location	London, United Kingdom
industry	News agency
owner	Thomson Reuters
homepage	www.reuters.com
footnotes	}}

Reuters () is a global news agency headquartered in London, United Kingdom owned by Thomson Reuters.

Until 2008 the Reuters news agency formed part of an independent company, Reuters Group plc, which was also a provider of financial market data. Since the merger between Reuters Group and The Thomson Corporation the Reuters news agency has been a subsidiary of Thomson Reuters, forming part of its Markets Division.

History

Paul Julius Reuter noticed that, with the electric telegraph, news no longer required days or weeks to travel long distances. In the 1850s, the 34-year-old Reuter was based in Aachen – then in the Kingdom of Prussia, now in Germany – close to the borders with the Netherlands and Belgium. He began using the newly opened Berlin–Aachen telegraph line to send news to Berlin. However, the telegraph did not extend the to Brussels, Belgium's capital city and financial center. Reuter saw an opportunity to speed up news service between Brussels and Berlin by using homing pigeons to bridge that gap.

In 1851, Reuter moved to London. After failures in 1847 and 1850, attempts by the Submarine Telegraph Company to lay an undersea telegraph cable across the English Channel, from Dover to Calais, promised success. Reuter set up his "Submarine Telegraph" office in October 1851 just before the opening of that undersea cable in November, and he negotiated a contract with the London Stock Exchange to provide stock prices from exchanges in continental Europe in return for access to the London prices, which he then supplied to stockbrokers in Paris. In 1865, Reuter's private firm was restructured, and it became a limited company (a corporation) called the Reuter's Telegram Company. Reuter had been naturalised as a British subject in 1857.

Reuter's agency built a reputation in Europe for being the first to report news scoops from abroad, such as Abraham Lincoln’s assassination. Almost every major news outlet in the world now subscribes to Reuters' services, which operates in over 200 cities in 94 countries in about 20 languages.

The last surviving member of the Reuters family founders, Marguerite, Baroness de Reuter, died at age 96 on 25 January 2009, after having suffered a series of strokes.

Journalists

Reuters employs several thousand journalists, sometimes at the cost of their lives. In May 2000, Kurt Schork, an American reporter, was killed in an ambush while on assignment in Sierra Leone. In April and August 2003, news cameramen Taras Protsyuk and Mazen Dana were killed in separate incidents by US troops in Iraq. In July 2007, Namir Noor-Eldeen and Saeed Chmagh were killed when they were fired upon by a US military Apache helicopter in Baghdad after having been mistakenly identified as carrying weapons. During 2004, cameramen Adlan Khasanov in Chechnya and Dhia Najim in Iraq were also killed. In April 2008, cameraman Fadel Shana was killed in the Gaza Strip after being hit by an Israeli tank using flechettes. The first Reuters journalist to be taken hostage in action was Anthony Grey. Detained while covering the Cultural Revolution in Peking in the late 1960s, it was said to be in response to the jailing of several Chinese journalists by the colonial British Government in Hong Kong. He was considered to be the first political hostage of the modern age and was released after almost 2 years of solitary confinement. Awarded an OBE by the British Government in recognition of this, he went on to become a best selling author.

Fatalities

{| |- style="text-align:center; background:#f0f0f0;" ||Name ||Nationality ||Location ||Date |- | Kurt Schork||American||Sierra Leone||24 May 2000 |- | Taras Protsyuk||Ukrainian||Iraq||8 April 2003 |- | Mazen Dana||Palestinian||Iraq||17 August 2003 |- | Adlan Khasanov||Russian||Chechnya||9 May 2004 |- | Dhia Najim||Iraqi||Iraq||1 November 2004 |- | Waleed Khaled ||Iraqi||Iraq||28 August 2005 |- | Namir Noor-Eldeen ||Iraqi||Iraq||12 July 2007 |- | Saeed Chmagh ||Iraqi||Iraq||12 July 2007 |- | Fadel Shana||Palestinian||Gaza Strip||16 April 2008 |- | Hiro Muramoto ||Japanese||Thailand||10 April 2010 |- | Sabah al-Bazee ||Iraqi||Iraq||29 March 2011

|}

Criticism and controversy

Policy of objective language

Reuters has a strict policy towards upholding journalistic objectivity. This policy has caused comment on the possible insensitivity of its non-use of the word terrorist in reports, including the 11 September attacks. Reuters has been careful to only use the word terrorist in quotes, whether quotations or scare quotes. Reuters global news editor Stephen Jukes wrote, "We all know that one man's terrorist is another man's freedom fighter, and that Reuters upholds the principle that we do not use the word terrorist." The Washington Post media critic Howard Kurtz responded, "After the 1995 Oklahoma City bombing, and again after the attacks on the World Trade Center and Pentagon, Reuters allowed the events to be described as acts of terror. But as of last week, even that terminology is banned." Reuters later apologised for this characterisation of their policy, although they maintained the policy itself.

The 20 September 2004 edition of The New York Times reported that the Reuters Global Managing Editor, David A. Schlesinger, objected to Canadian newspapers' editing of Reuters articles by inserting the word terrorist, stating that "my goal is to protect our reporters and protect our editorial integrity".

However, when reporting the 7 July 2005 London bombings, the service reported, "Police said they suspected terrorists were behind the bombings." This line appeared to break with their previous policy and was also criticised. Reuters later clarified by pointing out they include the word "when we are quoting someone directly or in indirect speech," and the headline was an example of the latter. The news organisation has subsequently used "terrorist" without quotations when the article clarifies that it is someone else's words.

Photograph controversies / anti-Israel bias

Reuters was accused of bias against Israel in its coverage of the 2006 Israel-Lebanon conflict, in which the company used two doctored photos by a Lebanese freelance photographer Adnan Hajj. On 7 August 2006, Reuters announced it severed all ties with Hajj and said his photographs would be removed from its database.

In 2010, Reuters was criticised again for anti-Israeli bias when it cropped out activists' knives and a naval commando's blood from photographs taken aboard the Mavi Marmara during the Gaza flotilla raid. In two separate photographs, knives held by the activists were edited out of the versions of the pictures published by Reuters. The live arms wielded by the Israeli forces who had boarded the ship were not cropped out.

See also

Agence France-Presse

Associated Press

Deutsche Presse-Agentur

Interbank market

United Press International

Caribbean News Agency

Notes

References

Read, Donald (1992). The Power of News: The History of Reuters 1849–1989. Oxford, Oxford University Press. ISBN 0-19-821776-5.

Mooney, Brian; Simspon, Barry (2003). Breaking News: How the wheels came off at Reuters. Capstone. ISBN 1-84112-545-8.

Further reading

Reuters Interactive launches on BTX Enterprise as Reuters Interactive community site

Editorials on Reuters' use of 'terrorist': The Wall Street Journals James Taranto, Norman Solomon, Institute for Public Accuracy/U.S. columnist

Criticism of references to the Holocaust

Reuters photo caption of New York City's World Trade Center site after 11 September causes controversy

Reuters Investigation Leads To Dismissal Of Editor

External links

Reuters consumer websites:

* Reuters US

* Reuters Germany

* Reuters UK

*Reuters Arabic

* Reuters Japan

* Reuters China

* Reuters India

*Reuters in Twitter

* Reuters Interactive

Times of Crisis—multimedia interactive charting the year of global change

Bearing Witness award-winning multimedia reflecting on war in Iraq

Reuters – The State of the World—News imagery of the 21st century

Reuters Arabic Fan Page in Facebook

Reuters Foundation—philanthropic foundation

Category:Companies established in 1851 Category:Companies formerly listed on the London Stock Exchange Category:Financial data vendors Category:Financial software companies Category:Media companies based in London Category:Multilingual news services Category:News agencies based in the United Kingdom Category:Financial news agencies Category:New Zealand House of Representatives accredited news organisations Category:1851 establishments in the United Kingdom

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name	Ilich Ramírez Sánchez
image name	Ilich Ramirez Sanchez.jpg
birth date	October 12, 1949
birth place	Michelena, Táchira, Venezuela
alias	Carlos Carlos the Jackal
conviction	Murder
conviction penalty	Life imprisonment
conviction status	Imprisoned
spouse	Magdalena KoppLana JarrarIsabelle Coutant-Peyre
children	}}

Ilich Ramírez Sánchez (born October 12, 1949), better known as Carlos the Jackal, is a Venezuelan terrorist convicted of murder in France who has worked with and for causes associated with communists, Arab nationalists and Islamists. He is serving a life sentence in prison.

Named after Vladimir Ilyich Lenin by his Marxist father, Ramírez Sánchez soon joined the youth movement of the national communist party. He enrolled in a university in Moscow which was noted for recruiting foreign communists. In 1970, he volunteered for the Popular Front for the Liberation of Palestine (PFLP). In Lebanon, he finished his training at a school staffed by Iraqi military.

After several bungled bombings, Ramírez Sánchez achieved notoriety for a 1975 raid on the OPEC headquarters in Vienna, which killed three people. This was followed by a string of attacks against Western targets. For many years he was among the most wanted international fugitives. Carlos was dubbed "The Jackal" by The Guardian after one of its correspondents reportedly spied Frederick Forsyth's novel The Day of the Jackal in close proximity to some of the fugitive's belongings.

Arrested in Sudan in 1994 and flown to France, Carlos is now serving a life sentence in the Clairvaux Prison for the murder of two French agents of the DST (counter-intelligence) and an alleged informant. In 2001, he married his lawyer in a Muslim ceremony. Carlos advocates radical Islamism in his book Revolutionary Islam.

Biography

Early life

Ramírez Sánchez was born in the state of Táchira, Venezuela. Despite his mother's pleas to give their firstborn child a Christian first name, his father, a Marxist lawyer, called him Ilich, after Lenin (two younger siblings were named "Lenin" and "Vladimir"). He attended a school in Caracas and joined the youth movement of the national communist party in 1959. After attending the Third Tricontinental Conference in January 1966 with his father, Ramírez Sánchez reportedly spent the summer at Camp Matanzas, a guerrilla warfare school run by the Cuban DGI near Havana. Later that year, his parents divorced.

His mother took the children to London, where she studied at Stafford House College in Kensington and the London School of Economics. In 1968 his father tried to enroll Illich and his brother at the Sorbonne in Paris, but eventually opted for the Patrice Lumumba University in Moscow. According to the BBC, it was "a notorious hotbed for recruiting foreign communists to the Soviet Union" (see active measures). He was expelled from the university in 1970.

From Moscow Ramírez Sánchez travelled to Beirut, Lebanon, where he volunteered for the Popular Front for the Liberation of Palestine (PFLP) in July 1970. He was sent to a training camp for foreign volunteers of the PFLP on the outskirts of Amman, Jordan. On graduating, he studied at a finishing school, code-named H4 and staffed by Iraqi military, near the Syria-Iraq border.

PFLP

On completing guerrilla training, Carlos played an active role for the PFLP in the north of Jordan during the Black September conflict of 1970, gaining a reputation as a fighter. After the organisation was pushed out of Jordan, he returned to Beirut. He was sent to be trained by Wadie Haddad. He eventually left the Middle East to attend courses at the Polytechnic of Central London (now known as the University of Westminster), and apparently continued to work for the PFLP.

In 1973, Carlos was associated with the PFLP, which had conducted a failed assassination attempt on Joseph Sieff, a Jewish businessman and vice president of the British Zionist Federation. The attack was announced as retaliation for the Mossad's assassination in Paris of Mohamed Boudia, a PFLP leader.

Carlos admits responsibility for a failed bomb attack on the Bank Hapoalim in London and car bomb attacks on three French newspapers accused of pro-Israeli leanings. He claimed to be the grenade thrower at a Parisian restaurant in an attack that killed two and injured 30. He later participated in two failed rocket propelled grenade attacks on El Al airplanes at Orly Airport near Paris, on January 13 and 17, 1975.

On June 27, 1975, Carlos's PFLP contact, Lebanon-born Michel Moukharbal, was captured and interrogated by the French domestic intelligence agency, the DST. When three unarmed agents of the DST tried to interview Carlos at a house in Paris in the middle of a party, he shot the three agents, killing two, and also shot and killed Moukharbal. Carlos fled the scene, and managed to escape via Brussels to Beirut.

OPEC raid and expulsion from PFLP

From Beirut, Carlos participated in the planning for the attack on the headquarters of OPEC in Vienna. On December 21, 1975, he led the six-person team (which included Gabriele Kröcher-Tiedemann) that attacked the meeting of OPEC leaders; they took more than 60 hostages, and killed three: an Austrian policeman, an Iraqi OPEC employee, and a member of the Libyan delegation. Carlos demanded that the Austrian authorities read a communiqué about the Palestinian cause on the Austrian radio and television networks every two hours. To avoid the threatened execution of a hostage every 15 minutes, the Austrian government agreed and the communiqué was broadcast as requested.

On December 22, the government provided the PFLP and 42 hostages an airplane and flew them to Algiers, as demanded for the hostages' release. Ex-Royal Navy pilot Neville Atkinson, at that time the personal pilot for Libya's leader Muammar al-Gaddafi, flew Carlos and a number of others, including Hans-Joachim Klein, a supporter of the imprisoned Baader-Meinhof group and a member of the Revolutionary Cells, and Gabriele Kröcher-Tiedemann, from Algiers. They finally arrived in Baghdad. Thirty hostages were freed there. Atkinson flew the DC-9 to Tripoli, where more hostages were freed, before he returned to Algiers. The last hostages were freed there and some were granted asylum.

In the years following the OPEC raid, Bassam Abu Sharif, another PLFP agent, and Klein claimed that Carlos had received a large sum of money for the safe release of the Arab hostages and had kept it for his personal use. Claims are that the amount was between US$20 million and US$50 million. The source of the money is also uncertain, but, according to Klein, it was from "an Arab president". Carlos later told his lawyers that the money was paid by the Saudis on behalf of the Iranians and was "diverted en route and lost by the Revolution."

Carlos left Algeria for Libya and then Aden, where he attended a meeting of senior PFLP officials to justify his failure to execute two senior OPEC hostages—the finance minister of Iran, Jamshid Amuzgar, and the oil minister of Saudi Arabia, Ahmed Zaki Yamani. His trainer and PFLP-EO leader Wadie Haddad expelled Carlos for not shooting hostages when PFLP demands were not met, thus failing his mission.

After 1975

In September 1976, Carlos was arrested, detained in Yugoslavia, and flown to Baghdad. He chose to settle in Aden, where he tried to found his own Organization of Armed Struggle, composed of Syrian, Lebanese, and German rebels. He also connected with the Stasi, East Germany's secret police. They provided him with an office and safe houses in East Berlin, a support staff of 75, and a serviced car, and allowed him to carry a pistol while in public.

Historians' examination of Stasi files, recently accessible after the unification of Germany, demonstrate a link between Ramírez Sánchez and the KGB, via the East German secret police. When Leonid Brezhnev visited West Germany in 1981, Ramírez Sánchez did not undertake any attacks, as the KGB had requested. Western intelligence had expected activity during this period. Two days after the operation, Sudanese officials told him that he needed to be moved to a villa for protection from an assassination attempt and would be given personal bodyguards. One night later, the bodyguards went into his room while he slept, tranquilized and tied him, and took him from the villa.

On August 14, 1994, Sudan transferred him to French agents of the DST, who flew him to Paris for trial. He was charged with the Paris murders of two policemen and PFLP-guerrilla-turned-French informant Michel Moukharbal in 1975 and sent to La Santé Prison in Paris to await trial. In 1996, a majority of the European Commission of Human Rights rejected his application related to the process of his capture.

The trial began on December 12, 1997 and ended on December 23, when he was found guilty and sentenced to life imprisonment. He was later moved from Le Santé to the Clairvaux Prison.

In 2001, in a Muslim ceremony, Ramírez Sánchez married his lawyer, Isabelle Coutant-Peyre, although he was still legally wed to his second wife.

In June 2003, Carlos published a collection of writings from his jail cell. The book, whose title translates to Revolutionary Islam, seeks to explain and defend violence in terms of class conflict. In the book, he voices support for Osama bin Laden and his attacks on the United States.

In 2005, the European Court of Human Rights heard a complaint from Ramírez Sánchez that his long years of solitary confinement constitute "inhuman and degrading treatment". Although the court rejected this claim, it was on appeal as of early 2006. The Venezuelan president Hugo Chávez has praised Ramírez Sánchez, saying in a 2009 speech that he had been unfairly convicted and was not a terrorist but a "revolutionary fighter".

New trial

In May 2007, anti-terrorism judge Jean-Louis Bruguière ordered a new trial for Carlos on charges relating to "killings and destruction of property using explosive substances" in France in 1982 and 1983. The bombings killed eleven and injured more than 100 people.

Popular culture references

Books

In 1976 Colin Smith, reporter for The Observer, wrote the authoritative biography Carlos: Portrait Of A Terrorist, published by Andre Deutsch (ISBN 0 233 968431).

Charles Lichtman wrote a novel entitled The Last Inauguration, in which Carlos is hired by Saddam Hussein to carry out a terrorist attack on the Presidential Inauguration Ball.

Carlos the Jackal features prominently as the antagonist in Robert Ludlum's fictional Bourne Trilogy. In the trilogy, Carlos is depicted as the world's most dangerous assassin, a man with international contacts that allow him to strike efficiently and anonymously at locations anywhere on the globe.

In the Tom Clancy novel, Rainbow Six, terrorists attempt to have Carlos freed from prison by staging a terrorist attack on an amusement park in Spain.

Aline, Countess of Romanones (née Aline Griffith), whose first three books were memoirs of her work with the OSS, wrote the 1994 novel, The Well Mannered Assassin, about Carlos the Jackal. The Countess knew Carlos as a charming playboy in the 1970s.

To the Ends of the Earth, the Hunt for the Jackal, by David Yallop (1993). A detailed account of Yallop's attempts through the 1980s to unearth the true story of Carlos, as he attempts to secure an interview with him.

The 2004 nonfiction book Hunting the Jackal, by Billy Waugh, reveals the CIA operation in Sudan to locate and photograph Carlos, which led to his arrest in Khartoum.

Films

1979 Mexican film Carlos el Terrorista, starring Dominican-Mexican actor Andrés García, is loosely inspired by Ramírez Sánchez.

In the 1994 film True Lies, Bill Paxton plays a car dealer named Simon who is falsely accused of being Carlos the Jackal.

1990 film Death Has a Bad Repution directed by Lawrence Gordon Clark and presented by Frederick Forsyth, starring Elizabeth Hurley and Tony Lo Bianco

1997 film The Assignment, starring Aidan Quinn, Donald Sutherland, and Ben Kingsley, is a fictional account of the U.S. government's efforts to hunt down Carlos.

The 2007 documentary film, Terror's Advocate, features a chapter on Carlos.

The 2009 Danish film, Blekingegadebanden, about a minor Danish organization robbing money to send to the PFLP, includes an interview with Sánchez.

The 2010 Olivier Assayas-directed series Carlos documents the life of Ramírez Sánchez. The film won a Golden Globe Award for Best Miniseries or Television Movie. Carlos is played by Venezuelan actor Édgar Ramírez.

TV

In the 1982 TV series, Whoops Apocalypse, the character of Lacrobat (John Cleese) was a parody of Carlos the Jackal. In the film version of the series, released in 1986, actor Michael Richards played Lacrobat.

The TV series, Frederick Forsyth Presents, which was made between 1989 and 1990, featured an episode, Death Has a Bad Reputation, in which Carlos (Tony Lo Bianco) is spotted in Rome and killed.

Daniel Leconte, the producer of the 2010 Carlos, in 1995 produced a two-episode documentary about Carlos called The Carlos Years.

Video games

In James Bond 007: Agent Under Fire, one of the player's adversaries is a female assassin named Carla The Jackal.

Notes

References

Carlos: Portrait of a Terrorist by Colin Smith. Sphere Books, 1976. ISBN 0233968431.

Jackal: The Complete Story of the Legendary Terrorist Carlos the Jackal by John Follain. Arcade Publishing, 1988. ISBN 1559704667.

To the Ends of the Earth by David Yallop. New York: Random House, 1993. ISBN 0-679-42559-4. This book was also published under the name Tracking the Jackal: The Search for Carlos, the World's Most Wanted Man.

Encyclopedia of Terrorism by Harvey Kushner. SAGE Publications, 2002.

External links

Carlos the Jackal: Trail of Terror by Patrick Bellamy, The Crime Library

Ex-guerrilla Carlos to sue France over solitary confinement by CNN

Carlos the Jackal, imprisoned for life, looks in lawsuit to protect his image, Washington Post, January 26, 2010

When Global Terrorism Went By Another Name – audio report by NPR

Carlos the Jackal's Parisian trail of destruction – article and map of Carlos' alleged activities in Paris by Radio France Internationale

Category:1949 births Category:Living people category:People from Táchira (state) Category:Alumni of the London School of Economics Category:Former Roman Catholics Category:Hispanic and Latino Muslims Category:Converts to Islam from atheism or agnosticism Category:Islamic terrorism Category:People convicted of murder by France Category:People imprisoned on charges of terrorism Category:Popular Front for the Liberation of Palestine members Category:Prisoners sentenced to life imprisonment by France Category:Venezuelan people convicted of murder Category:Venezuelan people convicted of murdering police officers Category:Venezuelan people imprisoned abroad Category:Venezuelan prisoners sentenced to life imprisonment Category:Venezuelan revolutionaries Category:People convicted on terrorism charges

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name	James Beeland Rogers, Jr.
birth date	October 19, 1942
birth place	Baltimore, Maryland, USA
occupation	investor, financial commentator, and author
alma mater	Balliol College, OxfordYale University
website	www.jimrogers.com
footnotes	}}

James Beeland Rogers, Jr. (born October 19, 1942) is an American investor, financial commentator, and author based in Singapore. He is chairman of Rogers Holdings and Beeland Interests, Inc. He was the co-founder of the Quantum Fund with George Soros and creator of the Rogers International Commodities Index (RICI).

Rogers is an outspoken proponent of the free market, but he does not consider himself a member of any school of thought. Rogers acknowledged, however, that his views best fit the label of Austrian School of economics.

Biography

Rogers was born in Baltimore, Maryland and raised in Demopolis, Alabama. He started in business at the age of five by selling peanuts and by picking up empty bottles that fans left behind at baseball games. He got his first job on Wall Street, at Dominick & Dominick, after graduating with a bachelor's degree from Yale University in 1964. Rogers then acquired a second BA degree in Philosophy, Politics and Economics from Balliol College, Oxford University in 1966.

In 1970, Rogers joined Arnhold and S. Bleichroder. In 1973, Rogers co-founded the Quantum Fund with George Soros. During the following 10 years, the portfolio gained 4200% while the S&P; advanced about 47%. The Quantum Fund was one of the first truly international funds.

In 1980, Rogers decided to "retire", and spent some of his time traveling on a motorcycle around the world. Since then, he has been a guest professor of finance at the Columbia University Graduate School of Business.

In 1989 and 1990, Rogers was the moderator of WCBS' The Dreyfus Roundtable and FNN's The Profit Motive with Jim Rogers. From 1990 to 1992, he traveled through China again, as well as around the world, on motorcycle, over 100,000 miles (160,000 km) across six continents, which was picked up in the Guinness Book of World Records. He tells of his adventures and worldwide investments in Investment Biker, a bestselling investment book.

In 1998, Rogers founded the Rogers International Commodity Index. In 2007, the index and its three sub-indices were linked to exchange-traded notes under the banner ELEMENTS. The notes track the total return of the indices as an accessible way to invest in the index. Rogers is an outspoken advocate of agriculture investments and, in addition to the Rogers Commodity Index, is involved with two direct, farmland investment funds - Agrifirma, based in Brazil, and Agcapita Farmland Investment Partnership, based in Canada.

Between January 1, 1999 and January 5, 2002, Rogers did another Guinness World Record journey through 116 countries, covering 245,000 kilometers with his wife, Paige Parker, in a custom-made Mercedes. The trip began in Iceland, which was about to celebrate the 1000th anniversary of Leif Eriksson's first trip to America. On January 5, 2002, they were back in New York City and their home on Riverside Drive. His route around the world can be viewed on his website, jimrogers.com. He wrote Adventure Capitalist following this around-the-world adventure. It is currently his bestselling book.

On his return in 2002, Rogers became a regular guest on Fox News' Cavuto on Business which airs every Saturday. In 2005, Rogers wrote Hot Commodities: How Anyone Can Invest Profitably in the World's Best Market. In this book, Rogers quotes a Financial Analysts Journal academic paper co-authored by Yale School of Management professor, Geert Rouwenhorst, entitled Facts and Fantasies about Commodity Futures. Rogers contends this paper shows that commodities investment is one of the best investments over time, which is a concept somewhat at odds with conventional investment thinking.

In December 2007, Rogers sold his mansion in New York City for about 16 million USD and moved to Singapore. Rogers claimed that he moved because now is a ground-breaking time for investment potential in Asian markets. Rogers's first daughter is now being tutored in Mandarin to prepare her for the future. He is quoted as saying: "If you were smart in 1807 you moved to London, if you were smart in 1907 you moved to New York City, and if you are smart in 2007 you move to Asia." In a CNBC interview with Maria Bartiromo broadcast on May 5, 2008, Rogers said that people in China are extremely motivated and driven, and he wants to be in that type of environment, so his daughters are motivated and driven. He also stated that this is how America and Europe used to be. He chose not to move to Chinese cities like Hong Kong or Shanghai due to the high levels of pollution causing potential health problems for his family; hence, he chose Singapore. He has also advocated investing in certain smaller Asian frontier markets such as Sri Lanka and Cambodia, and currently serves as an Advisor to Leopard Capital’s Leopard Sri Lanka Fund. However, he is not fully bullish on all Asian nations, as he remains skeptical of India's future - "India as we know it will not survive another 30 or 40 years". In 2008 Rogers endorsed Ron Paul for President of the United States.

Rogers has two daughters with Paige Parker. Hilton Augusta(nicknamed Happy) was born in 2003, and their second daughter Beeland Anderson in 2008. His latest book, A Gift To My Children, contains lessons in life for his daughters as well as investment advice and was published in 2009.

On November 4, 2010, at Oxford University’s Balliol College, he urged students to scrap career plans for Wall Street or the City, London’s financial district, and to study agriculture and mining instead. “The power is shifting again from the financial centers to the producers of real goods. The place to be is in commodities, raw materials, natural resources."

In February 2011 Rogers announced that he has started a new index fund which focuses on "the top companies in agriculture, mining, metals and energy sectors as well as those in the alternative energy space including solar, wind and hydro." The index is called The Rogers Global Resources Equity Index and the best and most liquid companies, according to Rogers, go into the index.

Books

1995: Investment Biker: Around the World with Jim Rogers. - ISBN 1-55850-529-6

2003: Adventure Capitalist: The Ultimate Road Trip. - ISBN 0375509127

2004: Hot Commodities: How Anyone Can Invest Profitably in the World's Best Market. - ISBN 140006337X

2007: A Bull in China: Investing Profitably in the World's Greatest Market. - ISBN 1400066166

2009: A Gift to My Children: A Father's Lessons For Life And Investing. - ISBN 1400067545

Further reading

External links

The Millennium Adventure, Official Jim Rogers website

The Rogers International Commodity Index A site for information on the RICI

The Jim Rogers Blog

;Articles

"An Early Christmas for Jim Rogers". - BusinessWeek - December 8, 2004.

"Invest In Commodities – and Keep Your Shirt". - November 23, 2006.

"We Want Our Kids To Learn Chinese". - MySinchew. - July 19, 2008. - (article about Rogers' life in Singapore)

"Adventure Capitalist". - PODER Magazine. - April 2010.

;Interviews

Curated Interview With Jim Rogers From Market Wizards

Jim Rogers on the British Pound, US Dollar, And China

Jim Rogers, The Adventure Capitalist

Jim Rogers and George Soros Started the Quantum Fund

rediff.com: The Money Interview/Jim Rogers, investor, globetrotter

Financial Sense Newshour's Ask The Expert: Jim Rogers:

*2003.

*May 6, 2004.

Riverside Conversations: a 3 Part TV Series with Marc Faber

SCMP video interview, September 8, 2008.

Investors Chronicle interview. - (on the decline of the US/Europe, emerging markets, commodities). - November 2008.

Bloomberg Night Talk interview. - November 24, 2008.

Jim Rogers on The Lew Rockwell Show:

*"The Crash of '08". - December 12, 2008. - (*.MP3 audio)

*"Economic Advice to My Children (and You)". - May 17, 2009. - (*.MP3 audio)

Bloomberg TV Jim Rogers Special. - December 24, 2008.

TIME Q&A;: Jim Rogers:

*April 28, 2009.

*October 31, 2008.

Interview from March 2009 on Channel 4

Jim Rogers Sat 3 Interview German TV Sat 3

References

Category:Austrian School economists Category:1942 births Category:American investors Category:American money managers Category:Living people Category:Hedge fund managers Category:Financial analysts Category:Stock traders Category:Stock and commodity market managers Category:Columbia Business School faculty Category:Yale University alumni Category:Alumni of Balliol College, Oxford Category:People from Demopolis, Alabama

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Name	Marc Faber
Birth date	February 28, 1946
Alma mater	University of Zurich
Occupation	Investment analyst
Nationality	Switzerland }}

Marc Faber, born February 28, 1946, is an investment analyst and entrepreneur.

Background

Faber was born in Zürich and schooled in Geneva, Switzerland, where he raced for the Swiss National Ski Team. He studied Economics at the University of Zurich and, at the age of 24, obtained a Ph.D. degree in Economics magna cum laude. Faber is best known for the Gloom Boom & Doom Report newsletter and its related web site featuring "Dance of Death" paintings created by Kaspar Meglinger.

During the 1970s Faber worked for White Weld & Company Limited in New York City, Zürich, and Hong Kong. He moved to Hong Kong in 1973. He was a managing director at Drexel Burnham Lambert Ltd Hong Kong from the beginning of 1978 until the firm's collapse in 1990. In 1990, he set up his own business, Marc Faber Limited. Faber now resides in Chiangmai, Thailand, though he keeps a small office in Hong Kong.

Faber has a reputation for being a contrarian investor and has been called "Doctor Doom" for a number of years. He was the subject of a book written by Nury Vittachi in 1998 entitled Doctor Doom - Riding the Millennial Storm - Marc Faber's Path to Profit in the Financial Crisis. Faber has become a frequent speaker in various forums and makes numerous appearances on television around the world including various CNBC and Bloomberg outlets, as well as on internet venues like Jim Puplava's internet radio show. Dr. Faber's also engaged the Barron's Roundtable and the Manhattan Mises Circle, lecturing on "Mirror, Mirror on the Wall, When is the Next AIG to Fall?"

Marc Faber Ltd.

Faber's company, Marc Faber Limited, acts as an investment advisor concentrating on value investments with tremendous upside often based on contrarian investment philosophies. Faber also invests and acts as a fund manager to private wealthy clients. Faber is a regular speaker on the investment circuit, often quoted in the financial press for his non-conformist viewpoint and alternative investment philosophies. His current tag-line is: 'buy a $100 US bond and frame it to teach your children about inflation by watching the US bond value diminish to almost nothing over the next 20 years'

Faber is famous for advising his clients to get out of the stock market one week before the October 1987 crash. However Faber said that this prediction was "accidental".

He lost money shorting US stocks in 1999 although his call was later vindicated. He admits that market timing is very difficult. Nevertheless, his market advice since 2000 is quite accurate. Faber predicted the rise of oil, precious metals, other commodities, emerging markets, and especially China in his book Tomorrow's Gold: Asia's Age of Discovery. He also correctly predicted the slide of the U.S. dollar since 2002 and the 5/06 and 2/07 mini-corrections. He stated that there are few value investments available, except for farmland and real estate in some emerging markets like Russia, Paraguay, and Uruguay. He believed in early 2007 that a major market correction was "imminent." (Fox News, 2-2007); however, by 5/2007 he was saying that U.S. equities were moderately overvalued — less so than those of emerging markets.

In a June 2008 interview with Bloomberg, he goes over his bearish views on a wide spectrum of investments: stocks, real estate and commodities. He is extremely critical of the Fed's inflationary actions. However, his views for the short-run were almost entirely deflationary except for holding precious metals; Faber still views hyperinflation as a certainty within the next 10 years. He also correctly expressed temporary bullishness for the U.S. dollar in the middle of 2008 before it dramatically recovered and positive expectations for holding the Japanese yen. In December 2008, Faber said, "I think a recovery will not come in the next couple of years, maybe in five, ten years' time" On March 9, 2009, Faber correctly predicted a U.S. stock market bottom but incorrectly stated that the rally would last only six months.

Writings

Faber writes the monthly investment newsletter The Gloom Boom & Doom Report which is subject to charge. He has also authored several books.

Dr. Faber has been a regular contributor to several leading publications around the world in the past, among them Forbes and International Wealth which is a sister publication of the Financial Times. He has contributed regularly to several websites such as Financial Intelligence, Asian Bond Portal, Die Welt, Finanzen, Boerse, AME Info, Swiss Radio, Apple Hong Kong and Taiwan, Quamnet, Winners, Wealth and Oriental Daily. He has also written occasionally for the International Herald Tribune, Wall Street Journal, and Borsa e Finanza.

Faber has been long term bearish about the American economy for a number of years and continues to be so. He concluded his June 2008 newsletter with the following mock quote:

"The federal government is sending each of us a $600 rebate. If we spend that money at Wal-Mart, the money goes to China. If we spend it on gasoline it goes to the Arabs. If we buy a computer it will go to India. If we purchase fruit and vegetables it will go to Mexico, Honduras and Guatemala. If we purchase a good car it will go to Germany. If we purchase useless crap it will go to Taiwan and none of it will help the American economy. The only way to keep that money here at home is to spend it on prostitutes and beer, since these are the only products still produced in US. I've been doing my part."

Funds

Marc Faber serves as director or advisor of a number of investment funds that focus on emerging and frontier markets, including Leopard Capital’s Leopard Cambodia Fund and Leopard Sri Lanka Fund.

References

External links

Marc Faber interview on Bloomberg September 2007 before rate cut decision

Faber's website

Comprehensive Interview w/ Marc Faber (Bloomberg TV)

Bloomberg interview

Financial Sense News Hour Jim Puplava Ask the Experts

Video of a wide ranging discussion of the US Dollar, credit crunch and emerging markets on CNBC Oct. 22, 2007

interview with RTL Z 16-03-2010

Video of a June 2008 Bloomberg News interview critical of Fed chairman and entitled: Marc Faber Says Oil, Stocks, Real Estate Are Overvalued

Dr. Doom: Short Treasuries, Buy Hard Assets — 29 December 2008 interview

The Marc Faber Blog

Marc Faber Newsletters of Note

Investment Hocus Pocus

A Modern History of Investment Booms

Marc Faber blog

Category:Austrian School economists Category:1946 births Category:Drexel Burnham Lambert Category:Living people Category:Swiss businesspeople Category:Hedge fund managers

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