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READ-AHEAD PACKAGE FOR
U.S. NAVAL WAR COLLEGE
Y2K ECONOMIC SECURITY WORKSHOP
HELD AT

050399*

* six-digit field denoting May (05) 3rd (03), 1999 (99)



Year 2000 International Security Dimension Project
Dr. Thomas P.M. Barnett, Director
401.841.4053/barnettt@nwc.navy.mil


Contents


I. Description of workshop schedule and instructions
 
 

Monday, 050399
Hosted by Cantor Fitzgerald

Floor 107 Conference Room at "Windows on the World,"
One Trade Center, New York NY


WORKSHOP ORIENTATION

7:30 am
Check-in and continental breakfast at the Windows on the World Conference Room

8:00 am
Welcoming remarks by:

8:10 am
Introduction to GroupSystems by Prof. Henry Kamradt
INSTRUCTIONS:  We'll run you through a short drill to make sure you know how to input material via your individual laptop, review the input of others, comment on the input of others, and cast votes.

8:30 am
Pre-Workshop GroupSystems Session on Price Quotes by Prof. Bradd Hayes
INSTRUCTIONS:  We'll ask participants to offer us estimates of where key global financial indicators will reside at various points over the Y2K experience.  The nine indicators are:

The benchmark for each indicator will be taken from the most recent market data available prior to the exercise
The dates (all Fridays) involved will be:


8:50 am
Project overview presentation by Dr. Thomas Barnett

9:45 am
Break
 

WORKSHOP SESSION I--THE MANIA/COUNTDOWN PHASES (070199-123199)

10:00 am
Scenario phase orientation brief (Dr. Barnett)

10:15 am
GroupSystems Session on Price Quotes (Prof. Hayes)
INSTRUCTIONS:  We'll ask participants to offer us estimates of where key global financial indicators will reside at the end of the combined Mania (070199-112599)/Countdown (112699-123199) phases of the Y2K experience.  Thus the target date will be the close of markets on Friday, 123199.

10:30 am
Open discussion section on Mania and Countdown Phases (Dr. Barnett)

11:30 am
GroupSystems Session on Global Market Trends and Evolutions Influenced by Y2K's Impact (Dr. Barnett)
INSTRUCTIONS:  We'll present participants with a draft list of 2-3 global market trends that we think may be significantly influenced by how these two phases of the Y2K experience unfold.  We'll first ask them to offer additional ideas stemming from the just concluded discussion and, following that input, participants will vote on the top five most important potential legacies.  We'll then ask participants to spend a few minutes offering commentary on the five selected legacies, to include their individual call as to which of the following three outcomes is most likely to occur for each legacy issue:

12:00 noon
Lunch is served
 
 

WORKSHOP SESSION II--THE ONSET/UNFOLDING PHASES (010100-033100)

1:00 pm
Scenario phase orientation brief (Dr. Barnett)

1:15 pm
GroupSystems Session on Price Quotes (Prof. Hayes)
INSTRUCTIONS:  We'll ask participants to offer us estimates of where key global financial indicators will reside at the end of the combined Onset (010100-011400)/Unfolding (011500-033100) phases of the Y2K experience.  Thus the target date will be the close of markets on Friday, 033100.

1:30 pm
Open discussion section on Onset and Unfolding Phases (Dr. Barnett)

2:30 pm
GroupSystems Session on Global Market Trends and Evolutions Influenced by Y2K's Impact (Dr. Barnett)
INSTRUCTIONS:  Same as above.

3:00 pm
Break
 
 

WORKSHOP SESSION III--THE PEAK/EXIT PHASES (040100-????00)

3:15 pm
Scenario phase orientation brief (Dr. Barnett)

3:30 pm
GroupSystems Session on Price Quotes (Prof. Hayes)
INSTRUCTIONS:  We'll ask participants to offer us estimates of where key global financial indicators will reside at an arbitrary date during our posited Peak (040100-063000)/Exit (063000-????00) phases of the Y2K experience.  The date chosen will be the close of markets on Friday, 063000.

3:45 pm
Open discussion section on Onset and Unfolding Phases (Dr. Barnett)

4:30 pm
GroupSystems Session on Global Market Trends and Evolutions Influenced by Y2K's Impact (Dr. Barnett)
INSTRUCTIONS:  Same as above.

4:50 pm
Final Comments by Participants

5:30 pm
Adjourn
 
 

POST-WORKSHOP SOCIAL EVENT AT "WINDOWS ON THE WORLD" (FLOOR 107)

6:00 pm
Cocktails

6:30 pm
Dinner served



 
 

II. Short Bios of Participants, Observers, and Project Members



 
 

Workshop Participants

Bill Bone
Bill Bone is currently the Year 2000 Program Officer for the NASD, the parent company of the Nasdaq-Amex Market Group and NASD Regulation. Areas under his coordination include the following: (1) remediation, systems replacement, and recertification, (2) Year 2000 regulatory policies, oversight, and reporting of NASD member firms preparedness, (3) Year 2000 test centers, (4) audit, risk management, and program review, (5) the Year 2000 communications center, (6) enterprise business continuity planning, and (7) the Year 2000 program office. Bill also serves as the corporate officer representing the NASD, and its subsidiaries, in the following functions: (1) Year 2000 industry steering committee sponsored by the SIA, (2) SEC Year 2000 program, (3) the Global 2000 forum, and (4) the President's Council on Year 2000. Bill has continued his education extensively since 1989--primarily at Stanford and MIT; he pursues annual sabbaticals in contemporary computer science topics.

Dan Casey
Mr. Casey is the Information Technology Head of the Year 2000 Project at Paribas, a large international bank and finance house.

R. James Caverly
Jim Caverly is currently in the Office of Science and Technology Policy at the Department of Energy (DOE). He has been with the Department and its predecessor agencies for over 20 years, working on a broad range of energy-related issues including energy security, domestic energy supply, nuclear safeguards and security, energy emergency response, and national security. He is a graduate of the University of Notre Dame and the Naval War College and served for three years as the DOE Chair on the faculty of the Industrial College of the Armed Forces (ICAF).

Len Costa
Len A. Costa is a reporter at FORTUNE magazine with interests in international finance and economics. Before coming to FORTUNE, Mr. Costa was an analyst at the Newmarket Company, an international information services firm specializing in emerging markets. He has written for the Forbes Digital Tool and Bloomberg News, and has free-lanced for the New York Times. Mr. Costa holds a master's degree from Columbia's School of International and Public Affairs, where he served as a senior editor of the Journal of International Affairs. He is a graduate of the University of Virginia and holds a diploma in French civilization from the Sorbonne in Paris.

Adm. William Flanagan, U.S. Navy (ret.)
"Bud" Flanagan is a Senior Managing Director at Cantor Fitzgerald LP, the world's largest broker of U.S. Government securities, Eurobonds, and sovereign debt.  The admiral's portfolio focuses on emerging markets, particularly those brought about by government deregulation and privatization.  He served in the U.S. Navy for 29 years, his final position being Commander-in-Chief of the U.S. Atlantic Fleet from 1994-96, with geographic responsibilities for the entire Western Hemisphere and all of West Europe.  Adm. Flanagan is a graduate of the Massachusetts Maritime Academy, and holds a BS in Maritime Transport and an MA in Political Science from American University.

Philip Ginsberg
Dr. Ginsberg is a Senior Vice President at Cantor Fitzgerald, the world's largest broker of U.S. Government securities, Eurobonds, and sovereign debt.  He is also Vice President of the Cantor Fitzgerald Foundation and Director of Cantor Fitzgerald International.  Prior to this, Dr. Ginsberg served as a consultant to both industry and government, and held academic postings at the University of Washington, Rutgers University, and Northwestern University's Kellogg School of Management.  He also founded the Llorex Corporation, which specialized in financial information products.  He has a BA in Mathematics from Cornell University, and an MA and PhD in Economics from Purdue University.

Calvin Gooding
Mr. Gooding is a trader at Cantor Fitzgerald.

Norm Green
Mr. Green is currently the Deputy National Intelligence Officer for Science and Technology on the National Intelligence Council. He served as an active duty Naval Intelligence officer for 13 years before joining the Central Intelligence Agency in 1987. Duty within the CIA has included tours within the Counterintelligence Center, the Office of Scientific and Weapons Research, the Nonproliferation Center and a rotation to the White House as a member of the Presidents Foreign Intelligence Advisory Board (PFIAB) staff. Mr. Green remains in the Naval Intelligence Reserves, where he currently serves as a Captain USNR. He holds a BS in Biology from the University of New Mexico and a MA in National Security Affairs from the Naval Postgraduate School.

Damian Harte
Mr. Harte is Vice President, Westdeutsche Landesbank G.Z.

Kent Karosen
Mr. Karosen holds the position of Director at Cantor Fitzgerald, the world's largest broker of U.S. Government securities, Eurobonds, and sovereign debt.

Glenn Kirwin
Mr. Kirwin holds a senior position at Cantor Fitzgerald, the world's largest broker of U.S. Government securities, Eurobonds, and sovereign debt.

Carolyn Landry
Ms. Landry is from the National Intelligence Council. Her speciality is Banking and Finance.

Rear Admiral Peter Long
Admiral Long is the Provost of the U.S. Naval War College. He attended the United States Naval Academy and graduated with the class of 1967. His most recent sea tours have been as Executive Officer, USS ALBERT DAVID; Commanding Officer, USS DAVID R RAY; Commanding Officer, USS REEVES; Commander, Cruiser-Destroyer Group FIVE and Commander, KITTY HAWK Battle Group. Admiral Long holds a Doctor of Science degree in Learning Technology from Nova Southeastern University. He is a graduate of the Industrial College of the Armed Forces and has attended the National Security Leadership Course, Maxwell School of Citizenship and Public Affairs, and the Paul H. Nitze School of Advanced International Studies at Johns Hopkins University.

Paul Nicholas
Mr. Nicholas is a professional staff member on the Special Senate Committee on the Year 2000 Technology Problem, which is chaired by Senator Robert Bennett from Utah. Mr. Nicholas is responsible for researching the impact of Y2K on telecommunications and the long-term implications Y2K may have on infrastructure assurance.

John Rice
Mr. Rice is the U.S Treasurer and Vice President of Citicorp Bank.

William G. Roe
Mr. Roe joined Melhado, Flynn & Associates Inc. of South Carolina in 1966 as Vice President and Branch Manager of the Hilton Head Office and serves as the firm's syndicate manager. With almost 40 years of investment experience, he has held senior positions at Varnedoe, Chisolm, Skinner & Company, G.H. Walker Company, Henry Sims Securities and Interstate Securities. A graduate of the University of Georgia, Mr. Roe served in the U.S. Marine Corps, and is active in South Carolina civic affairs.

CDR Gary Shrout
Commander Shrout currently serves as the Public Affairs Officer (PAO) for the Naval War College.  His sea duty included assignment to the staff of the Commander, THIRD FLEET.  His shore assignments include tours as Director, Navy Office of Information (West), Director of the Media Information Division for the Chief of Information, PAO at Naval Base Pearl Harbor, and Assistant PAO at Naval Forces Japan.  CDR Shrout has a BA in Photojournalism from the University of Minnesota, is a graduate of the University of Oklahoma Short Course in Public Affairs and the Defense Information School PAO Course, and received his MA in Journalism and Public Relations from the University of Maryland, College Park.

Richard R. Snape
Mr. Snape is Chief Operating Officer at Telerate. Prior to this position, he was an Executive Vice President at BRIDGE, responsible for content and redistribution. Before that, he served as President of BT Financial Services Information Systems, a subsidiary of Bankers Trust Company, which developed, marketed and supported risk management technology for treasury trading at international banks. From 1982-1990, Mr. Snape worked for Telerate Systems Inc. in various capacities, including Deputy Managing Director of Europe and Vice President of Sales and Marketing for the America's Group. He holds a BA in English Literature from Yale and graduated Magna Cum Laude.

Robert Stevens
Mr. Stevens currently works in the National Information Protection Center (NIPC) at the Federal Bureau of Investigation (FBI). He is on loan from the U.S. State Department. Mr. Stevens retired from the U.S. Air Force in 1997. During his military career, he served as an ICBM Missile Maintenance & Operations Officer, and ended up working in all levels of the Strategic Air Command. He later served as an International Politico-Military Affairs Officer detailed to the Arms Control & Disarmament Agency, State Department, and the On-Site Inspection Agency. Mr. Stevens has a BS from the University of Akron in Biology, Physics and Geology, an MS from the University of Southern California in Systems Management, and an MS from the Air Force Institute of Technology in International Logistics.

Mitzi Wertheim
Ms. Wertheim is a seasoned organizational change manager for large-scale government and industry organizations, as well as not-for-profit organizations.  She specializes in developing effective organizational responses to challenges and opportunities presented by rapid technologcial, market, and cultural developments.  Ms. Wertheim learned and exercised these skills in a series of senior executive assignments in private industry and in the Department of Defense (Department of Navy, Office of the Secretary of Defense).  Before that, she held responsible positions with the Cafritz Foundation and the Peace Corps in Washington DC.  She is now with The CNA Corporation, a Defense Department think tank located in Alexandria Virginia.

Robert S. Wood
Dr. Wood is the Dean of the Center for Naval Warfare Studies, a focal point of strategic analysis and gaming in the naval service. He holds the Chester W. Nimitz Chair of National Security and Foreign Affairs at the U.S. Naval War College and has twice served as Director of the Chief of Naval Operations' Strategic Studies Group. He consults regularly with the National Security Council and the Office of the Secretary of Defense. A Phi Beta Kappa graduate in History from Stanford University, he earned his A.M. and Ph.D. in Political Science from Harvard University, where he also served on the faculty.
 
 
 

Year 2000 Internat'l Security Dimension Project Members

Thomas P.M. Barnett
Dr. Barnett is Professor and Senior Strategic Researcher at the Decision Support Department of the Center for Naval Warfare Studies.  He currently directs the Year 2000 International Security Dimension Project.  Prior to joining the College, he served as Project Director for The CNA Corporation of Alexandria, Virginia, where he managed the U.S. Agency for International Development account.  His most recent work, "The Seven Deadly Sins of Network-Centric Warfare," appeared in the January 1999 issue of the U.S. Naval Institute's Proceedings.  He has a BA in Russian Literature and U.S. Foreign Policy from the University of Wisconsin, and an MA in Eurasian Studies and a PhD in Government from Harvard University.

Henry D. Kamradt
Mr. Kamradt serves as Professor and Senior Strategic Researcher at the Decision Support Department of the Center for Naval Warfare Studies.  He is currently directing and participating in a number of projects concerning the future of network-centric warfare, to include the subject areas of sensor architecture and technological surprises.  Prof. Kamradt's areas of expertise include anti-submarine and surface warfare, as well as naval intelligence.  Prior to joining the College, he worked as a Senior Analyst for Sonalysts, Inc., and later founded and directed his own consulting firm.  Prof. Kamradt also served in the U.S. Navy from 1977 through 1984.  He has a BA from Duke University.

Bradd C. Hayes
Professor Bradd C. Hayes is a Senior Strategic Researcher in the Decision Support Department of the Center for Naval Warfare Studies, US Naval War College. He has been a member of the faculty since August 1992, previously serving as Assistant Director of the Strategic Research Department. Prior to that, he was the Strategy and Policy Officer for the Commander in Chief, US Naval Forces Europe. Previous appointments included command of Helicopter Anti-Submarine Squadron Six aboard USS Enterprise, followed by a tour as a Federal Executive Fellow with the RAND Corporation, culminating with the publication of a RAND Note entitled, Naval Rules of Engagement: Management Tools for Crisis.

Lawrence E. Modisett
Dr. Modisett is Director of the Decision Support Department of the Center for Naval Warfare Studies.  In this capacity he oversees and participates in a wide variety of national security studies.  Dr. Modisett's fields of expertise include international affairs, national security issues, and Russia and Eastern Europe.  His prior government service includes a 19-year career as Analyst and Manager at the Central Intelligence Agency, and a three-year stint in the U.S. Information Agency as a member of the Foreign Service.  He has a BA in English from Ohio Wesleyan University, and an MS in Foreign Service and a PhD in History from Georgetown University.

Theophilos Gemelas
Mr. Gemelas is currently an Associate Professor with the Decision Support Department, Center for Naval Warfare Studies (CNWS), US Naval War College. He is dual-hatted with both research and technical responsibilities. As a researcher he develops and markets research proposals, develops research designs, directs projects, and facilitates meetings through the use of group collaboration technology and decision science tools. He presently serves as project manager supporting the Commander in Chief, U.S. Naval Forces, Europe in research to enhance theater engagement strategy. He also manages the CNWS web page development project and serves as information technology advisor to the Dean, CNWS.

Avon Teague
Ms. Teague is the Department Administrator at the Decision Support Department of the Center for Naval Warfare Studies, US Naval War College.
 


III. Web Sites You Can Check Out on Y2K


IV. Additional Administrative Details/Maps



 

Go Back to Y2K Project Home Page