Also below: Article at the end of this notice by last week's speaker Jim Ounworth, Venture Capital Consultant. . Jim's topic was: "THE US AND WORLD ECONOMIES. CRASH...RECOVERY?"Article: The article is about Jim's experiences as a young Navy Officer, riding out a typhoon and he parallels itwith our experiences riding out the current World economic crisis.
THIS IS THE NOTICE FOR THIS WEEK's EVENT:
PATRICIA'S WEDNESDAY NIGHT COCKTAIL.
MEET NEW AND INTERESTING PEOPLE. BUILD YOUR SOCIAL NETWORK! GREAT FOOD AND FREE FLOWING WINE. PLAT DU JOUR. (A MAIN COURSE). CONVIVALITY.
THIS WEEK: "No Sex Please, We're Single" (The difficulties of creating long term intimacy.
ABOUT IAN GREGORY: Ian Stuart Gregory was educated at Brasenose College Oxford where he won an Open Scholarship to read PPE. He spent his early career as a journalist writing for The Independent, The Guardian and The Financial Times. He then joined the BBC as a TV news producer where he ran thousands of bulletins for the BBC World Channel before moving to the City of London where he spent seven years leading a marketing team for Accenture. He now lives in Paris.
"No Sex PLease, We're Single" has been published in France, The UK and the US. (The French Book Title is: "SOS Celibitaires". He wrote his first book at the urging of many friends.
Ian Gregory, whose previous book is "No Sex Please, We're Single", is in Paris writing his next book on being Single in the Western World.
There'll be Beaujolais Nouveau party too. According to food and wine expert Rudi Chelminski, author of "I'll Drink To That," (http://www.amazon.com Beaujolais Noveau becoming the world's most popular wine.), Beaujolais noveau can be celebrated at any time. We're celebrating it at our cocktail this Wednesday with Ian. We heard Rudi at WHSmith's on Thurs 20 Nov. and shared a glass of Beaujolais Nouveau with him. Visit www.whsmith.co.uk
EUR 15.00 euros includes great food and free-flowing wine.
SUNDAY 30 NOVEMBER
SUNDAY 30 NOV: THANKSGIVING DINNER. 19h00
WEDNESDAY 24 DECEMBER: CHRISTMAS EVE DINNER. 19h00.
WEDNESDAY 31 JANUARY: NEW YEARS EVE DINNER AND PARTY
Article By Jim Ounworth who uses the pen name of S. Lawrence:
What I Learned from Typhoons
When I was a young officer on my first ship after graduating from the US Naval Academy, we were deployed to the Far East as part of the initial Vietnam buildup in 1964. In fact, we were one of the ships involved in one of the Tonkin Gulf “incidents” and patrolled frequently in the South China Sea.
From time to time a typhoon would hit the area and the Navy would carry out evasion tactics. In thinking of them recently while contemplating the present financial meltdown, they seemed to be worth reviewing.
First, if we were in port, the chief port then being Subic Bay, Philippine Islands, we immediately put to sea. One of the worst things for a ship was to be trapped in rough seas in a port, moored to a dock. There was no room to maneuver and evade.
Then we tried to clear from the path of the typhoon. However, if unable to clear, we would try to stay on the outer rim of the typhoon path, running against the direction of the typhoon winds and seas. The last thing we wanted to do was to be caught sideways and rolled by the winds and seas, or be caught from behind and driven into the ocean by those same winds and seas. We had to stay in control and head into the storm.
The ship also was “battened down”, meaning everything movable was tied down. With respect to the crew, only those needed to be at watch stations to run the ship were up and everyone else could just hang on in their bunks. And that we did. I still can sense the violent movements. I can hear the bow of the ship rising up as we drove into the oncoming seas, and then smacking down with a big thud in the trough following each wave.
In sum, we cleared port, ran to try to avoid the storm, tied everything down, and hung on until the typhoon passed.
“These are the times that try men’s souls” wrote the American patriot Thomas Paine around the time of the founding of the United States. Of course, he was talking about something more serious than the worst financial meltdown, the impending revolutionary war against Great Britain. Nonetheless, the present financial crisis is a disaster and there seems to be no end in sight. The experts have no idea of what to do; the remedies so far have failed miserably; the predictions of an end have been widely inaccurate. We are in a typhoon mode.
I am proposing to clear the port (forget all the prognostications), strip down the finances to the essentials, hold tight, listen to the crashing of the wave equivalents, not flow with the debacle, and ride it out. Unfortunately, this time it will be much longer than a few days of a typhoon.
By S. Lawrence November 21, 2008
ABOUT JIM OUNWORTH (S. Lawrence): Jim Ounworth is a 1964 graduate of the US Naval Academy, a 1966 graduate of the US Navy Nuclear Power School, and a 1975 graduate of the University of Virginia School of Law. In the US Navy, Jim was an officer on a destroyer deployed in Vietnam, then entered the submarine service, serving as Chief Engineer of a US missile submarine. Leaving the Navy and graduating from Law School, he moved to Phila., Pa, and became a partner in the law firm of Pepper Hamilton, one of the largest US law firms, where he specialized in corporate mergers, acquisitions and finance. In 1991, he became chief legal counsel and member of the investment committee of Safeguard Scientifics, a NY Stock Exchange company and one of the most successful venture capital companies in the ‘90s. He left Safeguard at the end of 2000. Jim now lives part time in Philadelphia and part time in Paris; and works from time to time as a legal and venture capital consultant.
Address: 13 rue de Mulhouse, 75002 Paris, M° Sentier (Ligne 3). Email for directions and code or call 06 43 79 35 18 (No text messages please. Thank you.) Directions and map on website www.parissoirees.com
THANK YOU FOR INCLUDING YOUR TELEPHONE NUMBER WITH YOUR RESERVATION.
All my best, Patricia