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Investment Management Division ("PIM") provides investment management and

fiduciary services, including trust and estate administration, primarily to

high net-worth individuals and families. CGTC considers proxy voting an

important part of those management services, and as such, CGTC seeks to vote

the proxies of securities held by clients in accounts for which it has proxy

voting authority in the best interest of those clients. The procedures that

govern this activity are reasonably designed to ensure that proxies are voted

in the best interest of CGTC's clients.
Fiduciary Responsibility and Long-term Shareholder Value
CGTC's fiduciary obligation to manage its accounts in the best interest of its

clients extends to proxy voting. When voting proxies, CGTC considers those

factors which would affect the value of its clients' investment and acts solely

in the interest of, and for the exclusive purpose of providing benefits to, its

clients. As required by ERISA, CGTC votes proxies solely in the interest of the

participants and beneficiaries of retirement plans and does not subordinate the

interest of participants and beneficiaries in their retirement income to

unrelated objectives.
CGTC believes the best interests of clients are served by voting proxies in a

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professionals responsible for voting proxies have the discretion to make the

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record, and CGTC's general position on the issue. In addition, many proxy

issues are reviewed and voted on by a proxy voting committee comprised

primarily of investment professionals, bringing a wide range of experience and

views to bear on each decision.

Document MFPE000020070625e35u002h0

Chinese_special_envoy_meets_new_Nigerian_president,_outgoing_president'>Chinese special envoy meets new Nigerian president, outgoing president
233 words

30 May 2007

07:27 AM

BBC Monitoring Asia Pacific

BBCAPP

English

(c) 2007 The British Broadcasting Corporation. All Rights Reserved. No material may be reproduced except with the express permission of The British Broadcasting Corporation.
Text of report in English by official Chinese news agency Xinhua (New China News Agency)
["Chinese Special Envoy Meets Nigerian New President, Out-Going President" - Xinhua headline]
Abuja, May 30 (Xinhua) - Chinese President Hu Jintao's special envoy Xu Jialu met with Nigerian new president Umaru Yar'Adua in Abuja, capital of Nigeria, on Tuesday.
Yar'Adua conveyed his regard to the Chinese president. He spoke highly of the Nigeria-China relations and said now the relations between the two countries are in the best period for development.
He said Nigeria welcome Chinese companies to invest and to engage in cooperation. He expects the strategic partnership of the two countries to further develop.
Xu, also vice-chairman of the Standing Committee of the National People's Congress, expressed congratulations on Yar'Adua's taking office as Nigerian president.
He said the Chinese side will make joint efforts with the Nigerian side to promote the strategic partnership to a new high.
Before Yar'Adua's presidential inauguration ceremony, the out-going President Olusegun Obasanjo met with Xu Jialu and his party.
Obasanjo expressed thanks to China's help in infrastructure construction, agriculture and telecommunication sectors.
He said he will continue his efforts to contribute to the bilateral relations between Nigeria and China.
Source: Xinhua news agency, Beijing, in English 0633 gmt 30 May 07
a66213f1
Document BBCAPP0020070530e35u004xv
News; International

Clinton and Obama in Firestorm over Iraq Vote; Democrats Accuse White House of Ignoring Prewar Intelligence; Immigration Bill Drafted in Back Room Talks?; U.S. Legal Immigration Polices More Liberal Than Other Countries; Airman Helps Repel Insurgent Ambush


Christine Romans, Bill Schneider, Elaine Quijano, Andrea Koppel, Barbara Starr, Casey Wian, Jamie McIntyre, Louise Schiavone

9,083 words

25 May 2007

CNN: Lou Dobbs Tonight

MNWK

English

© Voxant Inc. All rights reserved.
WOLF BLITZER, CNN HOST: Lots more news coming up tonight. Until then, thanks for watch. In the meantime, let's go to "LOU DOBBS" tonight. That starts right now. Christine Romans filling in.
CHRISTINE ROMANS, CNN GUEST HOST: Thanks, Wolf.
Tonight, Republicans accuse Senators Hillary Clinton and Barack Obama of betraying our troops by voting against the new war funding bill. Have Senators Clinton and Obama reversed course. We'll have complete coverage.
Also, President Bush faces new charges his administration ignored warnings about chaos in Iraq before the U.S. invasion to overthrow Saddam Hussein. We'll have a special report.
And the pro-illegal alien lobby launches an aggressive new campaign to stop federal agents from enforcing immigration laws. We'll have that story.
We'll have all of that and much more straight ahead here tonight.
Good evening, everybody. Senators Hillary Clinton and Barack Obama are at the center of a political firestorm after voting against the new war funding bill. Republicans are accusing the presidential candidates of being weak on national security. Senators Clinton and Obama tonight are strongly defending their votes.
Meanwhile, congressional Democrats are accusing the Bush White House of ignoring pre-war intelligence warnings about possible chaos in Iraq. A new Senate report says agencies predicted that al Qaeda and Iran would try to exploit the overthrow of Saddam Hussein.
Bill Schneider reports on the political battle over the war funding vote. Elaine Quijano reports from the White House on President Bush's next challenge on his conduct of the war in Iraq. And Andrea Koppel reports on the explosive new report on pre-war intelligence on Iraq.
We start first with Bill Schneider. Bill?
BILL SCHNEIDER, CNN CORRESPONDENT: Christine, Hillary Clinton and Barack Obama faced risks no matter which way they voted on the war funding bill. But for the near future, their concern is with Democrats.
(BEGIN VIDEOTAPE)
SCHNEIDER (voice-over): The height of irresponsibility, that's what John McCain called Barack Obama and Hillary Clinton's vote against the Iraq war-funding bill.
Mitt Romney said, "Their votes render them undependable in the eyes of men and women of the United States military and the American people."
Ask whether she was concerned that her vote would hurt her, Clinton sold CNN, "I don't see that at all. The American people have been living with the war for five years. I want to de-authorize it."
For the near future, Obama and Clinton's concern is with Democrats who are overwhelmingly opposed to the war, even the Democratic candidate who voted for the funding bill, did so with an explanation.
SEN. JOE BIDEN, (D), DELAWARE: I don't like the bill we just voted on. The one I voted for denies the American people for a responsible way out of Iraq.
SCHNEIDER: Obama and Clinton would have faced a firestorm of criticism from Democrats if they had votes yes.
Could the vote hurt them in the general election? That's a long way away. Everything could change.
Right now, the trend in public opinion is strongly against the war. Opposition is over 60 percent, an all-time high, according to a "New York Times"/CBS News poll.
More than two-thirds said Congress should allow funding for the war on the condition that the Iraqi government meets benchmarks for progress.
But more than 60 percent also favor a timetable for the withdrawal of U.S. troops in 2008.
The public wants the troops funded, but they also want a deadline for the war to end, which is the bill Senators voted for last month and president Bush vetoed.
(END VIDEOTAPE)
SCHNEIDER: One more thing, the bill passed, the troops are being funded. That's likely to limit any negative repercussions for those who voted no. Those who voted yes are going to have to deal with the fact that the war goes on -- Christine?
ROMANS: All right. Bill Schneider reporting. Thank you, Bill.
Senators Clinton and Obama are two of three Senate Democrats who voted against the bill. Senator Christopher Dodd of Connecticut also opposed the legislation.
As Bill Schneider just reported, Senator Joseph Biden of Delaware voted for the measure.
On the House side, Democratic Congressman Dennis Kucinich of Ohio voted against the bill.
The voting went as expect in the GOP presidential field. Most the candidates voting in favor of the bill. Senator John McCain of Arizona, Congressman Duncan Hunter of California and Tom Tancredo of Colorado all supported the measure. Only Congressman Ron Paul of Texas voted against it. Kansas Senator Sam Brownback did not vote yesterday.
House Speaker Nancy Pelosi voted against the new war funding bill.
Today, Congresswoman Pelosi issued a new warning to President Bush about the war in Iraq. Congresswoman Pelosi predicted that the president's policy on Iraq is likely to unravel in the weeks and months ahead.
(BEGIN VIDEO CLIP)
REP. PELOSI: We are going to bring an end to this war. And we have to take the steps necessary to do them. Some of them will be more unifying in terms of the vote that is there. But all of us have that goal, that at the end of the day, the American people are very wise on this, and their wisdom will be reflected in the actions of Congress in a bipartisan way.
(END VIDEO CLIP)
ROMANS: Congresswoman Pelosi said the war funding vote is what she called a small step in the direction of accountability on Iraq.
President Bush today praised the new war funding bill. The president saying it's a good bill that does not tell the military how to do its job.
President Bush, in public at least, not celebrating what is a rare political victory for the White House.
Elaine Quijano reports.
Elaine?
ELAINE QUIJANO, CNN CORRESPONDENT: Christine, that's exactly right. Despite winning that hard-fought victory over Democrats, who had wanted to put into that bill timetables for troop withdrawals in Iraq, President Bush, instead, as you noted praised the bipartisan efforts that went into the crafting the bill.
The president made a point, talking to reporters outside of National Naval Medical Center in suburban Washington, to note that the top two Democrats, House Speaker Pelosi and Senate Majority Leader Harry Reid, both kept their pledge to get him that war funding bill by the Memorial Day weekend.
The president also reiterating, though, that the bill sends a strong message to the Iraqi government.
(BEGIN VIDEO CLIP)
GEORGE W. BUSH, PRESIDENT OF THE UNITED STATES: You know, this effort shows what can happen when people work together. We set a good bill that didn't have timetables or tell the military how to do its job, but also sent a clear signal to the Iraqis that there's expectations here in America, expectations about how to move forward. I look forward to continue to work with the prime minister and his government in meeting those expectations.
(END VIDEO CLIP)
QUIJANO: Now earlier today, the president met with about two dozen wounded military personnel at the medical center. He awarded five Purple Hearts and said that it was an honor to be their commander in chief.
As for the funding bill itself, we are told by a senior administration official, it has left the White House. It's on its way to Camp David for President Bush's signature. That's expected to happen away from the cameras tonight.
Why not a public signing ceremony, Christine? Well, Bush aides say that they fully expect, when it comes to funding the wars again through fiscal year '08, they're going to have a tough fight on their hands once more -- Christine?
ROMANS: All right, Elaine Quijano at the White House. Thank you, Elaine.
The Bush administration tonight facing new charges it ignored critically important pre-war intelligence about Iraq.
Senate investigators say U.S. intelligence analysts predicted that al Qaeda would try to increase its operations in Iraq after the overthrow of Saddam Hussein. Republican lawmakers though say the Senate investigation was too embroiled in politics to be accurate.
Andrea Koppel reports from Capitol Hill.
(BEGIN VIDEOTAPE)
ANDREA KOPPEL, CNN CORRESPONDENT (voice-over): Iraq, torn apart by violence, warring factions, terrorist attacks. But even before the war, intelligence officials were already predicting the worst.
Still two months away from invading Iraq, the U.S. intelligence community sends top secret reports to dozens of policy makers, including key people responsible for briefing President Bush.
The reports include dire warnings about challenges the U.S. could face in post-war Iraq. John McLaughlin, now a CNN contributor, was then the deputy CIA director who approved the reports.
JOHN MCLAUGHLIN, CNN NATIONAL SECURITY ADVISER: It says: This is a highly divided society. There will be a lot of score-settling. Al Qaeda will have the opportunity to take advantage of any situation that involves chaos and discontent on the part of the Iraqi population.
KOPPEL: The reports also warned that U.S. occupation of Iraq would boost proponents of political Islam and would prompt calls from Islamists to unite against the West.
CNN's Ed Henry asked President Bush about the reports Thursday and why he didn't heed the warnings.
BUSH: Ed, going into Iraq, we were warned about a lot of things, some of which happened, some of which didn't happen. And, obviously, I made a decision, as consequential as that, I weighed the risks and rewards of any decision.
KOPPEL: But John Rockefeller, the top Democrat on the Senate Intelligence Committee, which unveiled the reports today, said the president's refusal to listen to these warnings had led to tragic consequences for which the nation is paying a terrible price.
But Missouri's Kit Bond, the committee's ranking Republican, directed his opinion at Democrats, accusing them of partisanship and failing to present a balanced picture.
SEN. KIT BOND, (R), MISSOURI: And the reports conclusions highlight the benefit of hindsight, only issues from the intelligence assessments that seem to be important now, which distorts the picture of what was actually presented to policy makers in 2003.
(END VIDEOTAPE)
KOPPEL: But two other Republicans on the committee, Maine's Olympia Snowe and Nebraska's Chuck Hagel, supported the Democrat's conclusions. Chuck Hagel called the report, quote, "fair and objective" -- Christine?
ROMANS: All right, Andrea Koppel. Thank you, Andrea.
In Iraq, insurgents have killed six more of our troops, all but one of them in roadside bomb attacks. Ninety of our troops have been killed so far this month; 3,341 of our troops have been killed since this war began; 29,549 have been wounded, 11,476 seriously.
The anti-American cleric Muqtada al Sadr has returned to Iraq after apparently spending months in exile in Iran. Al Sadr delivered a fiery sermon demanding the withdrawal of U.S. troops from Iraq. Al Sadr has been in hiding since the beginning of the U.S. troop buildup in Iraq in February.
The United States today, again, accused Iran of helping insurgents to kill our troops in Iraq. A top U.S. commander, Major General William Caldwell, told troops that Tehran built a training facility in Iran for Iraqi insurgents.
Meanwhile, Iran is continuing to defy the rest of the world with its nuclear weapons program. The United States is stepping up the military and financial pressure on Iran to stop that program.
Barbara Starr reports from the Pentagon.
(BEGIN VIDEOTAPE)
BARBARA STARR, CNN CORRESPONDENT (voice-over): The picture the Bush administration wants Tehran to see. A U.S. naval exercise in the Persian Gulf this week. The message -- fire power that could be used against Iran's nuclear program.
But in the quiet hallways of the Treasury Department, the weapon against Iran is money or lack of it.
Treasury officials are now asking bankers, from Europe to Asia to the Middle East, to stop doing business with the Iranian regime.
STUART LEVEY, TREASURY DEPARTMENT: Being treated as a normal commercial actor was a big part of how they were pursuing their nuclear program.
STARR: Levey says the financial pressure of being cut off is being felt in Iran.
LEVEY: They're having surprise by how they're getting shut out of what they considered legitimate banking around the world.
STARR: U.S. officials say some blue chip banks, including Barclays, HSBC, and Credit Lyonnais, have dropped some or all of their business with Iran.
In the face of sanctions, Iran has increasingly turned to secret front companies and middlemen to finance weapons programs in terrorist activities, making it harder for those legitimate bankers to even know they are doing business with Iran.
LEVEY: We're starting to see a real impact within Iran that no one wants to deal with their banks, no one wants to deal with their companies.
STARR: The U.S. already had moved against Iran's state-owned banks, banning access to the U.S. financial system. The U.S. says one bank, Bank Saderat, had sent money to Hezbollah. And another bank, Bank Sepah, has been directly involved in Iran's weapons program.
STARR (on camera): The Treasury Department says it's been successful because bankers, a conservative lot by nature, simply don't want to get caught up in Iran's weapons or terrorist programs.
But nobody thinks this alone will be enough to make Iran give up its nuclear ambitions, something the U.S. military continues to watch closely.
Barbara Starr, CNN, the Pentagon.
(END VIDEOTAPE)
ROMANS: Israel today carried out more air strikes against Palestinian targets in Gaza. Those strikes killed at least one Palestinian and wounded eight others. The air strikes coming after Palestinian terrorists fired at least six rockets the Israel. Three Israelis were wounded.
Meanwhile, U.S. military cargo aircraft began landing in Beirut with supplies for the Lebanese army. The Lebanese army is laying siege to a Palestinian refugee camp controlled by radical Islamist terrorists. The U.S. shipments include night vision goggles and body armor.
Coming up, our distinguished panel of political analysts will be her to discuss the Senate's illegal immigration compromise and the Iraq war funding bill.
Also, new warnings from the Pentagon about the new war threat from communist China. We'll have a special report.
And a hotline for illegal immigrants to find out about immigration raids. We'll have a report on this plan by the pro- illegal alien lobby. Stay with us.
(COMMERCIAL BREAK)
ROMANS: The Senate today begins a week off from the amnesty debate. They'll take the time to explain to their constituents the compromised legislation, which could give amnesty to millions of people in this country illegally.
Meanwhile, in Los Angeles, a group of illegal alien activists is turning its attention to enforcement issues. They've set up a hot line to tip off their community to federal immigrations raids.
Casey Wian has our report.
(BEGIN VIDEOTAPE)
CASEY WIAN, CNN CORRESPONDENT (voice-over): Chanting, "The race, yes, immigration officers, no," a group of illegal alien activists have started a phone hot line to warn people of raids by Immigration and Customs enforcement agents.
OPERATOR: Press one to report a raid, police check point or suspicious police or immigration official activities.
WIAN: The group front against the raids announced its hot line under Mexican flags at MacArthur Park in Los Angeles where police clashed with pro-amnesty supporters earlier this month. This group clearly wants more than amnesty. "This is my struggle, this is my land" they shout. They plan to alert what they call the Community by e-mail, phone calls and text messages of when ICE agents are conducting raids.
RON GOCHEZ, FRONT AGAINST RAIDS: These raids have to stop. We're here to denounce these raids as racist attacks against our community. We know that these attacks are racist because they're only happening in our community.
WIAN: Actually, they're happening all over the country with increasingly frequency. ICE says it is not targeting any particular ethnic communities or nationalities.
Last month alone, ICE apprehended illegal aliens from at least three dozen nations, including Brazil, China, Indonesia, Nigeria, Poland and Saudi Arabia.
Illegal alien activists are angry ICE continues to target fugitive criminal illegal aliens and employers, while Congress is considering amnesty.
ALLEGRA PADILLA, FRONT AGAINST RAIDS: At this particular point in time, comprehensive immigration reform amnesty is on the table, yet, no decision has been made. And families continuing to be torn apart.
WIAN: Families torn apart by their decision to remain in the United States illegally.
(END VIDEOTAPE)
WIAN: Ice says, in a statement, it is enforcing immigration and customs laws every day around the country. Any group that hopes to keep up with our enforcement activities, ICE says, is going to be very busy -- Christine?
ROMANS: All right, Casey Wian. Thank you very much, Casey.
Time now for some of your thoughts.
Jay in Florida: "How can our legislators talk about immigration, border security and amnesty and ignore the two border control officers sitting in jail for years to try to enforce the laws? Is this American justice?"
Sally in Texas: "The legislation being proposed for illegal immigrants is an insult to my intelligence and a joke to those who are here legally."
We'll have more of your thoughts later on in the broadcast.
Coming up, new warnings about China's growing military strength, its threat to the United States and the balance of power in the war. We'll have a report.
Also, just who is behind the Senate's immigration compromise? We'll tell you who brought the legislation to the table and what they're trying to do to ensure it passes intact.
And later, our distinguished panel of political analysts will be here. We'll examine how the war is splitting the Democrats and immigration is splitting the Republicans. Stay with us.
(COMMERCIAL BREAK)
ROMANS: A new warning today about communist China's rising military threat to the United States and other countries. In a report to Congress, the Pentagon says China is rapidly improving its ability to launch surprise attacks near its borders. The report says Beijing's goal is to defeat high-tech adversaries, in short, but intent military campaigns.
Jamie McIntyre reports from the Pentagon.
JAMIE MCINTYRE, CNN CORRESPONDENT (voice-over): China's military is transforming from an old-style grind-them-down army of attrition to a modern quick-strike high-tech adversary.
One example, China's success in January in knocking its own weather satellite out of low-earth orbit, which the Pentagon report concludes "poses dangers to human space flight and puts at risk the assets of all space faring nations."
The 2007 report is packed with examples of China's growing military might, including a longer-range
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