Glenn Beck: Crime Inc.
The Players
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The Joyce Foundation A private U.S. foundation which provides funding and support to initiatives focusing on education, environment and employment in the Great Lakes region. The Joyce Foundation was established in 1948 by Beatrice Joyce Kean of Chicago. Since its inception, the foundation has made grants of more than $600 million. Some of those grants include $1.1 million to Richard Sandor in 2000-2001 to create the Chicago Climate Exchange; $175,000 in 2008 to the Tides Center for the Apollo Alliance; and $200,000 in 2009 to Enterprise Community Partners to launch the Emerald Cities Collaborative. Former Board of Directors' members include President Barack Obama (1994-2002) and Valerie Jarrett
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President Barack Obama Barack H. Obama was elected the 44th president of the United States on November 4, 2008 and sworn in on January 20, 2009. Before becoming president, he served four years in the U.S. Senate. Obama cut his political teeth as an Illinois State Senator from 1997-2004. Active in the Chicago community, he served on the board of the progressive Joyce Foundation from 1994-2002. The future president was the first African-American editor of the Harvard Law Review and received his undergraduate degree from Columbia University in 1983. The son of black man from Kenya and a white woman from Kansas, he was mainly raised by his grandmother in Hawaii. His father wrote of socialist policies as an economist for the Kenyan government, while his mother identified with Marxism
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Richard Sandor Richard Sandor is the chairman and founder of the Chicago Climate Exchange (CCX), the only voluntary trading system of greenhouse gases in North America. He also serves as chairman of the Chicago Climate Futures Exchange (CCFE) and executive chairman of Climate Exchange, PLC. Sandor is also a research professor at the Kellogg Graduate School of Management at Northwestern University where he teaches environmental finance. He's the former chairman of the Chicago Board of Trade (CBOT) Clean Air Committee and vice president and chief economist of the Chicago Board of Trade (CBOT)
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Chicago Climate Exchange A U.S. corporation, the CCX is the only trading system for greenhouse gases in North America. The idea of chairman and CEO Richard Sandor, CCX was created through $1.1 million in grants from the Joyce Foundation. Its trading officially launched in 2003. Since then, the CCX has grown to include 300 members worldwide. CCX, along with the European Climate Exchange (ECX) and the Chicago Climate Futures Exchange (CCFX) were operated by Climate Exchange, PLC until April, 2010 when the company was sold to Intercontinental Exchange (ICE) for $606 million
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Climate Exchange, PLC Climate Exchange (CLE) is a publicly traded company on the London Stock Exchange. Its three core businesses are the European Climate Exchange (ECX), Chicago Climate Exchange (CCX) and the Chicago Climate Futures Exchange (CCFX). The company is also developing in China, Canada and Australia. CLE was sold to InterContinental Exchange (ICE) in April 2010 for $606 million. ICE previously held a 4.79 percent stake in CLE
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InterContinental Exchange InterContinental Exchange (ICE) is a publicly traded company on the New York Stock Exchange. Based in Atlanta, ICE operates trading platforms and clearing houses globally for agricultural, credit, currency, emissions and energy markets. Established in 2000, the company's goal was to 'transform OTC energy markets by providing an open, accessible, around-the-clock electronic energy marketplace to a previously fragmented and opaque market'
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Generation Investment Management (GIM) Generation is a privately owned investment company with offices in London and New York. The company invests in global, public entities with an emphasis on climate. The firm was co-founded in 2004 by former U.S. Vice President Al Gore and David Blood, former CEO of Goldman Sachs Asset Management. GIM had a 2.98 percent stake in Climate Exchange, PLC, which operated the Chicago Climate Exchange. InterContinental Exchange (ICE) purchased Climate Exchange, PLC in April 2010 for $606 million
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David Blood Along with Gore, David Blood co-founded Generation Investment Management and acts as the firm's senior partner. Blood is the former co-CEO and CEO of Goldman Sachs Asset Management. After growing up in Brazil, he graduated with a bachelor's degree from Hamilton College and an MBA from the Harvard Graduate School of Business
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Franklin Raines The disgraced former Fannie Mae CEO resigned in 2004 amid a SEC investigation into the company's accounting practices. Raines inflated earnings, costing the company about $9 billion. Despite his actions, he walked away making close to $90 million in pay and stock during his five years at the company. A year after his resignation, a U.S. patent was approved for a 'System and method for residential emissions trading.' Both Raines and Fannie Mae were named on the patent. Raines currently sits on the board of trustees of Enterprise Community Partners. He formerly served as the director of the Office of Management and Budget from 1996-1998 during the Clinton administration
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