U.S. TRADE DEFICIT REVIEW
COMMISSION

PRESS RELEASE 12 (Revised)

PUBLIC HEARING OF THE
US TRADE DEFICIT REVIEW COMMISSION

The Regent Wall Street, 55 Wall Street
New York, New York
9:00 to 5:30

WALL STREET TO WEIGH IN ON TRADE DEFICIT
MARCH 13

Purpose: To take testimony on: "Financial Markets" and "Trade in Services" and Their Importance to the U.S. Economy/U.S. Exports

(WASHINGTON, DC) -- The hearing will cover U.S. Financial Markets and Trade-in-Services, in the causes and consequences of the U.S. trade deficit. Testimony will be taken from leading experts in finance, business, labor, media and entertainment industries, and officials from the Federal government and academia.

Morning Session (9:00 am to 12:30 pm)

Financial Markets and the Trade Deficit

The Chair: The Honorable C. Richard D'Amato, Commissioner

(9:00 to 9:15)

Opening Remarks -- The Honorable Charles E. Schumer, member U.S. Senate (D-NY)

(9:15 to 10:30)

Dr. William Dudley, Managing Director, Goldman Sachs & Co., NY
Dr. Robert H. Dugger, Managing Director, Tudor Investment Corporation, Washington, DC
David Hale, Chief Global Economist, Zurich Group, Chicago, IL
Dr. John Lipsky, Chief Economist and Managing Director, Chase Manhattan Corporation, NY

(10:30 to Noon)

The Honorable Gerald Corrigan, Managing Director, Goldman Sachs & Co., NY
The Honorable Roger M. Kubarych, Henry Kaufman Sr. Fellow, Council on Foreign Relations, NY
Jeff Madrick, Editor, "Challenge" Magazine, NY
The Honorable Edwin M. Truman, Assistant Secretary for International Affairs, U.S. Treasury, Washington, DC

(Noon to 12:30 pm)

The Honorable Paul A. Volcker, former Chairman, Federal Reserve Board

Afternoon Session (1:30 pm to 5:30 pm)

Trade-in-Services: It's Importance and Challenges

The Chair: The Honorable C. Richard D'Amato, Commissioner

(1:30 to 2:30) -- Telecommunications and E-Commerce Services

Ambassador Thomas M. T. Niles, President, US Council on Intl. Business, NY
George Kohl, Sr. Executive/Director of Research, Communications Workers of America, Washington, DC
Dr. Barry Bluestone, Professor, Northeastern University, Boston, MA
Andrew Stern, President, Service Employees Intl. Union, Washington, DC

(2:30 to 3:30) -- Transportation, and Insurance-Financial Services

Ambassador Frank G. Wisner, Vice Chairman, AIG, Inc., NY
Captain Duane E. Woerth, President, Airline Pilots Association, International, Herndon, VA
Michael L. Ducker, Executive Vice President International, Federal Express, Memphis, TN

(3:30 to 4:30) -- Entertainment Services and US Film Production

Jack Valenti, President and CEO, Motion Picture Association of America, Washington, DC
Richard Masur, Actor/Director, Los Angeles, CA
Tim Clawson, President/Executive Producer, Shooting Gallery--Gun for Hire Productions, NY

(4:30 to 5:30) -- Educational and Health Care Services

Steven J. Thompson, CEO John Hopkins International and Vice Dean, School of Medicine, The Johns Hopkins University, Baltimore, MD
Brian M. Freeman, Vice Chairman, UNext.com, Deerfield, MI
Dr. Jane Pisano, Sr. VP of External Relations, USC, Los Angeles, CA
Lee Saunders, Special Assistant President, AFSCME, Washington, DC