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THE ECONOMICS OF NATIONAL SECURITY: The Cost Today, the Price Tomorrow

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Thursday, March 23rd, 2006
The cost of the war in Iraq, homeland security in the US, and deployment of American troops around the globe are both taxing the U.S. treasury and generating heated debate in Congress. What is the financial impact of increased national security? How is military spending affecting the rest of our economy today and tomorrow?  Join John Callaway and his panel of experts to explore the real cost of the war on terror and its implications for the future.

Panelists
Louis A. Holland serves as Managing Partner and Chief Investment Officer of Holland Capital, where he oversees the management of the firm's equity and fixed income management strategies. Prior to founding Holland Capital in 1991, Mr. Holland gained early business management experience at Commonwealth Edison after playing professional football with both the CFL and NFL. His investment experience was augmented
by 15 years at A.G. Becker Paribas Inc., where he served as a Vice President specializing in asset and portfolio management for corporations, endowments, foundations, public funds, Taft/Hartley, and high net worth individuals. In 1983, he formed his prior firm, Hahn Holland & Grossman. Mr. Holland earned a B.S. in economics from the University of Wisconsin and attended Loyola University Chicago Graduate School of Business. In 1990, the University of Wisconsin Alumni Association presented him with the Distinguished Alumni Award. More recently, the National Association of Securities Professionals honored Mr. Holland with the 2004 Maynard Jackson Entrepreneur of the Year Award. He has been a special guest and 20-year veteran panelist on Wall $treet Week with Louis Rukeyser and Rukeyser's Wall $treet. Mr. Holland's additional media exposure includes guest appearances on the Financial News Network, CNN's Moneyline, CNBC, and the Chicago Tonight show.

Brian Wesbury is Chief Economist at First Trust Advisors L.P., a financial services firm based in Lisle, Illinois . The Wall Street Journal ranked Mr. Wesbury the nation's #1 U.S. economic forecaster in 2001 and USA Today ranked him as one of the nation's top 10 forecasters in 2004. Mr. Wesbury writes a monthly column for The American Spectator magazine, and serves as the magazine's Economics Editor. He is a contributor to the editorial
page at The Wall Street Journal, and is a regular co-host on CNBC's Squawk Box. Mr. Wesbury is a member of the Academic Advisory Council of the Federal Reserve Bank of Chicago , and he is also an adjunct professor of economics at Wheaton College in Wheaton , IL . In 1995 and 1996, he served as Chief Economist for the Joint Economic Committee of the U.S. Congress. Mr. Wesbury has served as the Vice President and Economist for the Chicago Corporation, Senior Vice President and Chief Economist for Griffin, Kubik, Stephens, & Thompson and Senior Investment Strategist and Senior Managing Director at Claymore Securities, Inc. Mr. Wesbury received an M.B.A. from Northwestern University 's Kellogg Graduate School of Management, and a B.A. in Economics from the University of Montana. McGraw-Hill published Mr. Wesbury's first book, The New Era of Wealth , in October 1999.

Paul Kasriel is Senior Vice President and Director of Economic Research at The Northern Trust Company. His economic and interest rate forecasts are used both internally and by clients. The consistent accuracy of Northern's economic forecasts is exemplified by its ranking in the top five of the Blue Chip Survey for the past 15 years. Mr. Kasriel is the co-author of a book entitled Seven Indicators That Move Market. In addition to
being a member of the American Economic Association and the National Association of Business Economists, Paul has served on the Economic Advisory Committee of the American Bankers Association. He began his career as a research economist at the Federal Reserve Bank of Chicago, later having responsibility of organizing and leading the monetary policy briefings for the Bank's president. Paul has been a lecturer in finance at the Northwestern University Kellogg Graduate School of Management. Mr. Kasriel was graduated with honors from the University of South Florida, receiving a Bachelor of Arts degree in economics. He received a Master of Arts degree in economics from Indiana University.


Moderator
After a broadcast journalism career of 48 years, John Callaway is now engaged in writing, freelance broadcasting and speaking. The long-time host of Chicago Tonight on Chicago public television station WTTW Channel 11, Mr. Callaway is now host and senior editor for "Chicago Stories", a documentary and interview weekly program on WTTW. He has been honored with more than one hundred awards, including
the coveted Peabody Award and fifteen Emmys. A drop-out from Ohio Wesleyan University who hitchhiked to Chicago with 71 cents in his pocket in 1956, he is the recipient of nine honorary doctorate degrees, including those from Northwestern University and the John Marshall College of Law. Mr. Callaway was also the founding Director of the William Benton Fellowships in Broadcast Journalism Program at the University of Chicago. He is the author of the bestselling book of essays, "The Thing of It Is" and has written and performed  two one-man shows, "John Callaway Tonight", and "John Callaway 's Life is . . . Maintenance" at the Pegasus Theater in Chicago.