July 26, 2007 CONGRESSIONAL RECORD — Extensions of Remarks E1629 CONGRATULATING KIMBERLY NI- Please join me today in congratulating Ms. individuals, families, towns, regions, even COLE MORGAN, MISS MIS- Kimberly Nicole Morgan. I am certain she will entire industries.’’ SISSIPPI 2007 represent our State in an extraordinary way. Much of the globalization debate is unpro- f ductive. Gene Sperling, a globalization- HON. BENNIE G. THOMPSON friendly, former Clinton aide, likens it to di- OF MISSISSIPPI A SERIOUS RESPONSE TO GROW- vorce court. ‘‘It is two sides simply mar- shaling every bit of evidence they can IN THE HOUSE OF REPRESENTATIVES ING INEQUALITY FROM AN UN- EXPECTED SOURCE against the other, with no nuance, no will- Thursday, July 26, 2007 ingness to look at cost and benefit.’’ Mr. THOMPSON of Mississippi. Madam HON. BARNEY FRANK Some business executives, prodded by poli- Speaker, I would like to congratulate the 2007 ticians such as House Ways and Means Chair- OF MASSACHUSETTS Miss Mississippi Pageant winner, Kimberly Ni- man Charles Rangel, finally are realizing cole Morgan. IN THE HOUSE OF REPRESENTATIVES that trade-friendly Democrats will be over- Kimberly, a 24-year-old native of Oxford, Thursday, July 26, 2007 whelmed by trade skeptics unless there is MS, is the daughter of Elzie and Valerie Mor- something tangible to offer workers worried Mr. FRANK of Massachusetts. Madam gan. Kimberly, a music teacher at Madison about their livelihoods and their children’s. Speaker, this morning David Wessel, writing in Shannon Palmer High School in Quitman A new Pew Global Attitudes survey finds the Wall Street Journal, called deserved atten- County, MS, is no stranger to wearing a Americans generally optimistic about the tion to the growing maldistribution of income in crown. A former Miss Alcorn State University next five years, but only 31% expect their 2005, she has also reigned as Miss Freshman our country. He observes that ‘‘. govern- children’s lives will be better than their own; Europeans are even more pessimistic. By 2001–2002 and Miss Southwest in 2006. She ments and businesses must come up with new ways to spread its’’ (globalization’s) ‘‘ben- contrast, 81% of the Chinese expect their currently serves as Miss Heritage, respec- children to do better. tively. efits more widely.’’ I commend the report to Kimberly obtained a bachelor’s degree in my colleagues and ask unanimous consent The Financial Services Forum report is, in vocal music from Alcorn State University in that Mr. Wessel’s article be printed here. part, a response to that. The specifics are in- 2006. She was actively involved in the ASU [July 26, 2007] triguing—not because they are the best solu- tions, but because they move beyond inad- GLOBALIZATION STUDY MOVES PAST RHETORIC Gospel Choir, Beaute Noire Modeling Squad, equate approaches such as making the fail- and the ASU Student Government Associa- Most of the policy briefs, working papers ing Trade Adjustment Assistance program tion. Kimberly won the coveted Miss Mis- and trade-association reports that cross a for dislocated workers a tad more generous. sissippi crown as the pageant celebrated its columnist’s desk slide easily into the trash Among the Proposals: Raise taxes on win- 50th anniversary. As Miss Mississippi, Kim- can or onto the read-someday pile. But a recent study on globalization, com- ners to share benefits of globalization more berly will compete in the Miss America pag- widely. Replace TAA and unemployment in- eant where she will spread her platform issue missioned by the Financial Services Forum, an association of the chief executives of 20 surance with a big new program for displaced G.O.T.M.I.L.K.!, Golden Opportunity Toward huge financial companies, ranging from workers that offers wage insurance to ease Music Increasing Literacy in Kids, a weekly American International Group and Citigroup the pain of taking a lower-paying job. Pro- after-school program of music instructions. to UBS and Wachovia, stands out. vide for portable health insurance and re- Kimberly understands that most children of CAPITAL EXCHANGE training. Create a way for communities to ensure their tax base against big factory clo- low income and rural communities lack lin- How should business and government sures. Eliminate tax hurdles for businesses guistic development, adaptation to their envi- spread globalization’s benefits? The analysis, that do what International Business Ma- ronment, basic child development, and overall written by a former member of President chines is proposing: Offer 50 cents for every school performance. G.O.T.M.I.L.K.!, is a Clinton’s Council of Economic Advisers, a $1 (up to $1,000 a year) that workers set aside method that can use music in the teaching of former member of President Bush’s and a to pay for training. reading to enhance motivation and the abilities former Bush Commerce Department official, of children because the subject has so many says: ‘‘The greatest risk to our economy is dis- similarities. Her goal is to teach everyone to (1) Globalization is good for the U.S. econ- engaging from the world economy,’’ says become proficient in reading, writing, and omy. (No surprise coming from a bunch of fi- Grant Aldonas of the Center for Strategic nancial firms that make money doing busi- and International Studies think tank, one of mathematics as well as aims for students to ness across borders.) the report’s three authors. ‘‘The nature of become proficient in making and learning (2) Gains from globalization aren’t evenly the conversation has to change for us to suc- music. shared. (A little surprising, but in the past ceed. We are renegotiating the social con- ‘‘Words can’t express what I am feeling,’’ couple of years, there has been a willingness tract in America, but we’re letting it be done Morgan said after being crowned by Miss Mis- among business to publicly acknowledge by the United Auto Workers and Delphi, and sissippi, ‘‘God has answered my prayers’’. that economic reality.) leaving a lot of others out—including the Kimberly, the second African-American woman (3) To avoid a backlash against poor and the businesses on the leading edge.’’ crowned Miss Mississippi during its 50 year globalization, governments and businesses must come up with new ways to spread its Mr. Aldonas and his co-authors, Dart- history, won a scholarship and hopes to be- mouth’s Matthew Slaughter and Harvard’s come the fifth Mississippian to win the Miss benefits more widely and assist those hurt by all sorts of economic change. (Very sur- Robert Lawrence, argue that public policy America Pageant. Kimberly was chosen from prising, more like a Democratic candidate’s can spread the benefits of globalization more a field of 47 contestants during the week-long talking points than a report issued and pro- widely. They say the U.S. need not accept as pageant. This is an enormous step for Mis- moted by an outfit led by Citigroup Chief Ex- inevitable the steady widening of the gap be- sissippi and its progress towards African- ecutive Charles Prince and Don Evans, the tween economic winners and losers, an in- American women breaking through the color former Bush commerce secretary. equality that threatens to produce barriers barrier by successfully competing as equals What’s Going On? Business interests with a to trade, investment and immigration that and being considered equally as intelligent, strong stake in globalization—international will hurt U.S. prosperity. beautiful human beings. operations account for nearly half The forum is hawking the analysis to Ms. Morgan, a god-fearing, family-oriented, Citigroup’s second-quarter profit—see rising Democrats and Republicans. Merrill Lynch public anxiety about globalization as a selfless woman has had the same dreams of bought an ad promoting it in a Capitol Hill threat. And they realize that preaching the newspaper. Now the question is whether music, education, mentoring to the youth, and gospel of comparative advantage isn’t going pageants since the age of 7. After viewing a business will go beyond talk. As C. Fred to win the debate. Bergsten, head of the Peterson Institute for Miss Mississippi Pageant as a child, Kimberly ‘‘The mounting opposition is in response to International Economics think tank puts it: proclaimed to her classmates that she wanted the other side of globalization—outsourcing ‘‘They haven’t gone to the mat and talked to to be Miss America. ‘‘All the other kids were of jobs, economic dislocation, anxiety and Charlie Rangel and Democrats who are wa- fear,’’ the forum said in an internal planning saying they wanted to be doctors and lawyers, vering, if not worse, and said, ‘We want to document early this year. ‘‘Making the case and I raised my hand and said I wanted to be support a meaningful program of wage insur- for trade and globalization requires . a Miss America.’’ ance, and we’ll be willing to give up some of list of specific, meaningful, practical, cost- our beloved tax breaks to pay for it.’’’ I am very proud of Ms. Morgan and all of efficient, and effective public- and private- her accomplishments. She is truly a vision of sector responses to the reality that while the One troubling sign: Although forum chief grace and beauty, and I look forward to seeing aggregate benefits of free trade and executives issued statements blessing the her represent the State of Mississippi in the globalization are tremendous, it can some- new report, not one has been willing to talk Miss America Pageant in 2008. times bring with it painful dislocations for to a Wall Street Journal reporter about it. VerDate Aug 31 2005 06:03 Jul 27, 2007 Jkt 059060 PO 00000 Frm 00009 Fmt 0626 Sfmt 0634 E:\CR\FM\A26JY8.015 E26JYPT1 hmoore on PRODPC68 with HMREMARKS.