Steve ForbesMarch 6, 2010

The 2009-2010 SeasonPatrons Circle

The Richmond Forum is grateful to these and all

of our contributors for their generous financial

support and participation this year.

The Richmond Forum brings leaders from the world stage

to our stage in Richmond—to expand horizons, stimulate

conversation, and inspire our community.

The Richmond Forum is a non-profit 501(c)(3) educational organization. Thank you for your support.

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Welcome to The Richmond Forum. I sure hope that you’re reading this on March 6th and that the crazy winter weather hasn’t dealt us another blow. What a winter it has been!

As you know, our February program with David Plouffe was rescheduled for May 8th, which I personally promise will be a beautiful, warm, sunny day in Richmond.

This is the first time in the history of The Richmond Forum that we have had to reschedule a program and I really need to thank all of the people and organizations that helped make the new date possible: the Landmark Theater; the Omni Richmond Hotel; Winn Transportation; all of the members of our wonderful production team; the evening’s moderator, Kelly O’Keefe; Susan Greenbaum, who was to provide the evening’s musical entertainment; our security team; our many volunteers, including our Trinity student ushers; and WCVE who was all set to record the program. A special thank you must also be extended to David Plouffe who opened up his calendar to us and made a new date possible. I also thank the members of our Board of Directors who lent their advice and support and particpated in the pulling of the ripcord, as well as the members of The Richmond Forum staff who so quickly and efficiently got the word out. Thank you Dee, Heidi, and Debbie! Finally, thank you to all of you, our subscribers and sponsors, who supported our decision and shared your positive feedback.

Now, may we never have to do that again! Seriously, we look forward to seeing you on May 8th for the rescheduled program.

Meanwhile, tonight we are in for a special and timely evening with Steve Forbes.

Steve Forbes is a man with answers, all based in a positive attitude and a belief in the most fundamental concepts of capitalism. We are looking forward to hearing his wide-ranging insights and perspectives tonight.

After intermission, I will have the pleasure of announcing the speakers for the 2010-2011 season of The Richmond Forum, our 25th season.

Once again, we are very excited about the lineup of speakers who have accepted our invitation to address you next year. They are a varied and fascinating group and, for our silver anniversary, there are several firsts in the list, including The Forum’s first-ever sitting head of state. But that’s all I’ll share for now. Thank you to all of you who submitted your speaker suggestions and to our Program Committee who helped narrow the field.

Please enjoy this evening’s program.

Bill Chapmanbill@richmondforum.org

Executive Directorletter from the

Connecting Richmond to the World.

Tonight’s presentation may not be recorded or photographed by any means for any purpose.

The Forum’s publications are printed by B&B Printing.

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Steve ForbesHow Capitalism Will Save Us

March 6, 2010

Lead Patron

Host Patron

Producer Patron

Producer Patron

Producer Patron

Genworth Financial

Owens & Minor

Hourigan Construction

The Trust Company of Virginia

Wachovia, a Wells Fargo Company

The Butterbean Jazz Quartet

Terri Simpson

Bill ChapmanExecutive DirectorThe Richmond Forum

Leon RodaySenior Vice President, General Counsel & SecretaryGenworth Financial

Steve Forbes

Fifteen Minute Intermissionfor Collection of Audience Questions

Mr. Chapman

Mr. Forbes and Kim Scheeler

Mr. Chapman

Opening program

National Anthem

Opening remarks

Welcome and introduction

of tonight’s speaker

Presentation

Remarks and introduction

of tonight’s moderator

Audience Questions

Closing Remarks

Tonight’s Lead Patron

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Genworth Financial, Inc. is a publicly traded global financial security company with more than $100 billion in assets. We serve more than 15 million customers and have a presence in more than 25 countries. The company can trace its Richmond roots back to 1871 when The Life Insurance Company of Virginia wrote its first policy. Genworth is recognized in Standard & Poor’s 500 Index of Leading U.S. companies and ranked in the Fortune 500.

Genworth helps millions of people around the world create financial security. We keep our promises to our customers by carefully managing our resources and staying financially strong. We focus on what we do best and what’s important to our customers by providing innovative products in growing market segments, including life and long term care insurance, individual and group annuities, investment products, wealth management, Medicare supplement insurance, life style protection insurance and mortgage insurance.

We are passionate about making a difference for our employees, communities and our industry. In 2009, Genworth employees across the globe logged more than 30,000 volunteer hours with more than 18,000 hours dedicated to helping make the Richmond region an even better place to live and work. The Genworth Foundation funded dozens of philanthropic projects throughout the region to

help improve the lives of children and families and to make our communities stronger. And we were especially proud and excited to participate in the grand opening earlier this year of the Genworth BrightLights Education Center at Richmond CenterStage.

We are building our business today to address where the markets are headed, not where they have been. Our 6,000-plus Genworth associates believe in what we are doing — finding solutions to help people lead successful and secure lives.

Owens&Minor, like Steve Forbes, is committed to reaching new

heights.

9120 Lockwood BoulevardMechanicsville, VA 23116 l 804.723.7000

Richmond Forum Ad.indd 1 1/26/10 9:03:25 AM

Could capitalism have a stauncher advocate in our time than Steve Forbes? He is a self-described “capitalist tool,” echoing the slogan of the business magazine founded by his grandfather, B.C. Forbes, and propelled to the must-read level by his father, Malcolm Forbes, Sr. Today, as president and chief executive officer of Forbes, Inc. and editor-in-chief of Forbes magazine, Steve Forbes presides over one of the most influential sources of business information and opinion in the nation. Tonight, the two-time candidate for the Republican presidential nomination shares his thoughts on how capitalism is still the answer to the problems of our times.

A champion of free trade and fundamental reform of the American tax system through a flat tax on income, Forbes is the author of A New Birth of Freedom (1999); Flat Tax Revolution: Using a Postcard to Abolish the IRS (2005); Power Ambition Glory: The Stunning Parallels between Great Leaders of the Ancient World and Today...and the Lessons You Can Learn (2009); and How Capitalism Will Save Us: Why Free People and Free Markets Are the Best Answer in Today’s Economy (2009). He is a frequent guest on CNN, MSNBC, Fox News, and NBC’s Meet the Press.

Born in 1947 in Morristown, New Jersey, Malcolm Stevenson Forbes, Jr., graduated from Brooks School in North Andover, Massachusetts in 1966. He received a B.A. in history from Princeton in 1970. While at Princeton, he joined two fellow students in founding Business Today magazine, which is still run by Princeton undergraduates and now has a circulation of 200,000. Following graduation, Forbes joined the family business, becoming president of Forbes, Inc. in 1980 and succeeding his father as editor-in-chief of Forbes magazine in 1990.

In 1985, President Reagan appointed Forbes head of the Board of International Broadcasting (BIB), which oversees Radio Free Europe and Radio Liberty. In both 1996 and 2000, Mr. Forbes campaigned vigorously for the Republican nomination for the Presidency. Key to his platform were a flat tax, medical savings accounts, a new Social Security system for working Americans, parental choice of schools for their children, term limits and a strong national defense. He was also actively involved in the 2008 Rudy Giuliani campaign for the presidential nomination and then in the McCain campaign for president.

Forbes serves on the boards of The Ronald Reagan Presidential Foundation, the Heritage Foundation and The Foundation for the Defense of Democracies. He is on the Board of Overseers of the Memorial Sloan-Kettering Cancer Center and on the Board of Visitors for the School of Public Policy at Pepperdine University.

Steve Forbes and his wife Sabina live in New Jersey and have five daughters.

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Steve Forbes

Hourigan Construction is proud to support tonight’sspeaker for inspiring us with ideas and perspectivesthat will help build a better community.

houriganconstruction.com

Building to remarkablyhigh standards.

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In 1991, The Butterbean Jazz Quartet was formed by Zip Irvin, John Winn and Jim Dudley. They began a weekly Sunday evening gig at Bottom’s Up Pizza, which has persevered

throughout the years and has become a mainstay in Richmond’s historic Shockoe Bottom. As the years passed, members of the quartet have changed. The current

lineup is Lee Covington (Piano), Terri Simpson (Vocals), Rusty Farmer (Acoustic Bass) and Keith Willingham (Drums).

The Butterbean Jazz Quartet specializes in traditional jazz vocal standards as well as more contemporary pop hits of the last 20 years. All

members have contributed musical arrangements that have helped develop a unique and intimate sound.

The members all met during their undergraduate studies at VCU, and since then, they’ve gone on to perform extensively throughout Virginia, including a recent performance for the Richmond Jazz Society’s Guest Educator’s Series.

In 2008, Terri Simpson received Richmond Magazine’s prestigious Theresa Pollack Award for excellence in the arts. Last spring, the quartet released their debut album through Courthouse Records, which can be found at cdbaby.com.

Tonight’s musical performance is made possible by the generous support of Moore Cadillac Company.

The Butterbean Jazz Quartet

Tonight’s moderator, Kim Scheeler, assumed the post of president and CEO of the Greater Richmond Chamber in August 2008. Prior to joining the Greater Richmond Chamber, he was president and CEO of the Greater Tampa Chamber of Commerce for seven years.

Scheeler also has served as president and chief professional officer for the United Way of Hillsborough County, Florida and held positions with United Way in Indiana, Texas and Maryland.

Currently, Scheeler serves on the US Chamber of Commerce Committee of 100, US Chamber of Commerce Emerging Technologies Committee, and the Board of Directors of The American Chamber of Commerce. He also is on the Boards of Directors for CultureWorks, Richmond Metropolitan Convention & Visitors

Bureau and Greater Richmond Partnership. He is a member of University of Richmond’s School of Business Executive Advisory Council, Richmond Symphony Council, Executive Committee of STIR (Sustainable Transportation Initiative of Richmond) and Bridging Richmond; and, a member of the Smar t Beg innings Leadership Council.

He holds a bachelor’s degree in business administration from Indiana University and an MBA from the University of South Florida. Scheeler has been married to his wife, Donna, since 1980.

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Kim Scheeler

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The Richmond Forum2010-2011 Season

Connecting Richmond to the World.

We are pleased to announce next season’s speakers following intermission tonight.Renewal packets will be mailed to current subscribers on Monday, or you can renew online.

Available subscriptions will go on sale to our waiting list on May 3rd.Visit www.RichmondForum.org for more information, or call (804) 330-3993.

We thank you for your support and look forward to having you join us for another great season.

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in which we live and work. Strong communities are the building blocks

with which strong cities, strong states and a strong country are built.

Through community development � nancing and grants, we aim to

strengthen our communities for the bene� t of everyone.

For more information, visit your nearby Wachovia Financial Center or

wachovia.com.

WITH WACHOVIACommunity values

Wachovia Bank, N.A. and Wachovia Bank of Delaware, N.A. Members FDIC until March 20, 2010. Effective March 20, 2010, Wachovia Bank, N.A. and Wachovia Bank of Delaware, N.A. will become Wachovia Bank and Wachovia Bank of Delaware, divisions of Wells Fargo Bank, N.A. Member FDIC. © 2009 Wachovia Bank, N.A. and Wachovia Bank of Delaware, N.A. All rights reserved. ECG-156810

PEOPLE ARE BORN TO FAMILIES. THEY GROW UP IN COMMUNITIES.

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The power of the individual consumer to bring down health-care prices is illustrated by the relatively low cost of medical services that people buy directly and are not covered by insurance. Two prime examples: plastic surgery and laser vision surgery. Neither is normally covered by traditional health insurance unless the surgery is needed because of accident or disease.

Plastic surgery has not experienced the kind of price inflation that has afflicted the rest of the health-care industry even though, in the last fifteen years, technological advances have proliferated and demand has rocketed sixfold. Conventional laser eye surgery that reshapes the cornea so a patient no longer needs to wear glasses costs a third less in real terms than it did a decade ago.

How do we get there from here? The following reforms would begin to untangle the system:

Allow people to buy health-insurance

policies across state lines.

This would enable people to buy plans in states regulated by fewer costly mandates. You should be able to buy a policy offered anywhere, from Arizona to Vermont. Allowing sales of health insurance across state lines would enlarge risk pools, making sicker people easier to cover. And it would increase competition among insurers, bringing down costs. A couple of years ago, the Health

A: Allowing consumers, not corporations or

government, to control health-care dollars and

make their own buying decisions.

The best way to fix health care is to allow the return of a healthier market, where consumers make the buying choices for health care and insurance. Doctors and hospitals will once again become accountable to the individual patient. Do away with the regulations that are today currently driving up the cost of coverage. Make it easier for individuals to buy the plans and care that they want.

Enabling people to buy their own insurance and care would push insurers and caregivers to become more efficient and come up with new, less expensive ways of providing health care. We see this phenomenon in every other part of a free economy, including a market sector more basic than health—food. Food is more critical to life even than health care. Yet in real terms it is costing less and less.

With the patient in the driver’s seat, you’d get better care and better service. Your insurer, doctors, and hospitals would treat you like a valued customer. New forms of health-care delivery would spring up as companies sought to serve individual buyers. More people would be able to afford medical insurance. Fewer would need a government alternative. But even if we still had Medicare and Medicaid, those programs would be easier to finance in a consumer-driven market because health-care costs would be lower.

Q: What is the Real World Market Solutionto Health Care?

By Steve Forbes and Elizabeth Ames

Care Choice Act, introduced by Arizona congressman John Shadegg and South Carolina senator Jim DeMint, would have allowed out- of-state insurance sales, while preserving the state’s primary responsibility for regulating health insurance. The bill never made it out of committee. Had it passed, it would have enabled more people to have access to lower-priced insurance. Competition would have blossomed.

Remove restrictions on health savings

accounts.

HSAs allow employers to offer health insurance with high deductibles. Companies—and workers, as well—put pretax money into health savings accounts. The account covers the lion’s share of care—mainly routine expenses—that you would normally pay for before your insurance kicks in. That care is paid through the HSA. The money belongs to you. Like a savings or checking account, what you don’t spend remains yours for future use. The HSA earns tax-free interest; funds can be invested, much like an IRA. This is the antithesis of flexible spending accounts, in which the worker loses whatever money in the account hasn’t been spent by year’s end.

HSAs allow people to use insurance for what it was supposed to be for—catastrophic expenses. Thus, they help lower the cost of premiums. Meanwhile, they let the patient directly buy routine medical care—creating a consumer-driven market.

For years, Forbes has provided employees what are, in effect, health savings accounts. The insurance itself is a bargain (relatively) because the policy deductible is high. What makes the plan so attractive, though, is that

Forbes gives everyone who works at the company $2,500 each year, which covers most of the deductible. Money that isn’t used is rolled over. If medical bills exceed both that $2,500 and the employee portion of the deductible, traditional health insurance kicks in. When companies initially put such a plan in place, they often see a decline in premiums. Over time, Forbes’s premiums have increased less than those of its peers.

Insurers are permitted to offer HSAs as a result of the Medicare Prescription Drug Improvement and Modernization Act, signed into law in 2003. So far, only about eight million people nationwide have signed up for them. One reason is because they’re new. But also, people and insurers don’t fully understand them. For people accustomed to prepaid coverage, shopping for health care can take getting used to.

Another problem is that the government restricts what deductibles are and how much money you can put in your account. If such restrictions were loosened, more people would sign up for HSAs. They would become a greater factor in the marketplace. The health-care system would have to respond to these new consumer-oriented pressures. A remarkable phenomenon would unfold: Growing amounts of money would accumulate in these accounts. The accounts would grow to become a significant asset for many people, thanks to the miracle of compounding interest.

If health savings accounts became a major factor in the marketplace for insurance, pricing of medical services would become saner and more affordable. We would finally see the return of genuine insurance—coverage for major risks, instead of the dollar-for-dollar kind of coverage we have now.

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Institute Medicare and Medicaid health

savings accounts.

Medicaid and Medicare participants would get their own HSAs, much like people covered by private insurance; government would provide a certain amount of money to cover basic expenses, along with a catastrophic policy. Medicaid participants would get food stamp–like vouchers or health debit cards. Medicaid and Medicare recipients would thus be encouraged to shop for health care like everyone else. To get people accustomed to the concept, the program could be phased in; it would be optional.

Health savings accounts would begin to bring the runaway costs of both Medicare and Medicaid under control. Participants would have a positive incentive to hold the line on spending—the prospect of building up their HSAs. HSAs would make government insurance consumer-centric instead of government-centric. It would create a consumer-driven market for health care; the need to please consumers would propel health-care providers to improve productivity and develop cheaper and better ways of providing health care.

Make it easier for small employers to pool

together to buy health insurance for their

employees.

This would enable them to spread the risk and pay lower premiums. Allowing small business pools would help to make health insurance affordable for the small employers that currently cannot afford to offer it to employees—and it would give formerly uninsured people access to coverage.

Allow individuals as well as employers to

buy health insurance with pretax dollars.

Why shouldn’t you be able to pay for health insurance in pretax dollars? Here’s how it would work: Americans who wanted to buy their own insurance would be able to notify the government of their decision. They would then receive a refundable tax credit—which means either a tax credit or dollars—of, say, $2,500 for individuals, $5,000 or more for families. Equal tax treatment would encourage Americans who preferred to buy their own plans to do so without adverse tax repercussions. The market for individual plans would grow. Insurers would be under additional pressure to be accountable to individual patients. They would deliver more reliable coverage. You’d see a market developing for individual policies, instead of one-size-fits-all corporate policies. By encouraging free choice by individuals, equal tax treatment would allow individuals and insurers to free themselves from the burden of expensive mandates. There’d be more competition in the market for insurance. You’d see downward pressure on the price of coverage.

Real world lesson:

In all markets, encouraging companies

to compete for the business of individual

consumers inevitably results in pricing and

products designed to meet their needs.

Reprinted with permission from the book “How Capitalism Will Save Us” by Steve Forbes and Elizabeth Ames. Copyright © 2009 by Steve Forbes and Elizabeth Ames. Published by Crown Business, a division of Random House, Inc.

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The Powell Center, headquartered in Richmond, provides professional development training, programs and resources in economics and personal finance to K-12 teachers locally, regionally and nationally. The mission of the Powell Center for Economic Literacy is to prepare K-12 teachers and to develop economically-literate students who will become active, informed leaders in the 21st century global economy. The offerings of the Powell Center, many of which are available free of charge via its website, powellcenter.org, can be applied in any school environment.

The Powell Center for Economic Literacy was established in 1979 in memory of E. Angus Powell, a Richmond businessman and former chairman of the Board of Directors of the Federal Reserve Bank of Richmond. As chairman of the Board of Trustees at Collegiate School in Richmond, Mr. Powell knew that economic literacy would drive effective leadership in future generations.

The Powell Center has served thousands of teachers and hundreds of thousands of students over the past thirty years. Kidsize Economics and Midsize Economics, begun in

1997, are available to elementary and middle school teachers and highlight resources which enable the integration of economics into the classroom. National conferences draw advanced placement economics teachers from around the world to Richmond. Many of these programs are co-sponsored by the Federal Reserve Bank of Richmond. Infusionomics is a whole school economic literacy integration program providing a pedagogical approach to integrating economics into all subject areas at all grade levels.

The Cochrane Summer Economics Institute, a work/study internship program, has paired students with local businesses in Greater Richmond. Nearly 1000 students from over 20 area high schools have participated since 1977. The Institute is named for J. Harwood Cochrane, founder of Overnite Transportation.Global Economics and International Trade, college-level course has been available since 1999 to qualified high school students through the University of Richmond’s School of Continuing Studies.

The Powell Center is proud to expand its teacher and student programming by partnering with The Richmond Forum tonight.

In partnership with The Powell Center and with the support of The Ralph Krueger Memorial Fund, tonight’s Student Satellite Viewing Room is filled with area students who are interested in the current and

future state of the U.S. and global economies.From Uncertainty to Opportunity

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Welcomes

Steve Forbes

The Worlds of Economics, Business & Politics

Rainbow Station®

proudly celebrates 20 years of

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A business leader of today supporting the ones of tomorrow. PricewaterhouseCoopers is a proud supporter of The Richmond Forum.

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Bill ChapmanExecutive Directorbill@richmondforum.org

Deborah S. MangolasOffice and Ticket Sales Managerdebbie@richmondforum.org

Dee A. RaubenstineDirector of Development and Public Affairsdee@richmondforum.org

Heidi Powell ThompsonCommunity Outreachand Marketing Managerheidi@richmondforum.org

(804) 330-3993www.richmondforum.org

Production

John Carter HaileyStage Manager

Susan Senita BradshawAssistant Stage Manager

Thomas J. O’Donnell, Jr.House Manager

William WillersdorfAssistant House Manager

David CrankSet Designer

Robert ClaytonDanny HouserJonathan D. SachsSound Engineers

Leo Cecil Master Technician

Chuck JonesJohn McGeeChris MuirNathan MurrayKen SwannVisual Aids Electronics

Bob Thagardfuel creative, inc.

circle S studio

Carlos ChafinComposer In Your Ear

Matthew CostelloVoiceover Talent

Audrey M. BoothTheater Manager

Joe YarbroughTheater Operations Manager

Steve Sweet Technical Director

Tim Posey Assistant Technical Director

Lt. Robert C. MarlandTransportation andSecurity Coordinator

Publications

Michael G. BlandGreg FrazeeAllison HerbertPrint Directors

Ed JonesCopywriter

Angelo MinorAction Photo

Bill ChapmanDee RaubenstineEditors

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Hostesses

Jan BeneshZel BoleyDonna Raubenstine

Question Sorters

Samuel D. Barham, III Tim Barnett Kenneth M. DyePaula I. OttoDan Timberlake

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Executive Committee

Judith W. Pahren Chair Capital One

Bruce Kelley Vice Chair Program Committee Chair The Martin Agency

Jacques J. Moore, Jr., Immediate Past Chair Moore Cadillac Company

W. Jefferson O’Flaherty Treasurer Xenith Bank

Henry S. Fine* Treasurer Northwestern Mutual Financial Network*Deceased, August 25, 2009

H. Michael Ligon Secretary Universal Leaf Tobacco Co.

Douglas M. Nabhan Vice Chair, Legal Affairs Williams Mullen

Gail W. Johnson, RN, MS Governance Committee Chair Rainbow Station

Douglas A. Nunn Investment Committee Chair The Trust Company of Virginia

Gregory Hillman Member at Large IBM Corporation

Directors

Samuel D. Barham III Richmond Public Schools, retired

Tim Barnett Barnett’s Hallmark Shops

Michael G. Bland B&B Printing

James A. Buzzard MWV

Clifford J. Culley U.S. Trust, Bank of America Private Wealth Management

Kenneth M. Dye Comcast Metro Richmond

Richard J. Farrell Cushing Manufacturing Company

Thomas E. duB. (“Ted”) Fauls Troutman Sanders LLP

Susan Greenbaum Recording Artist and Songwriter

Susan Hardwicke, Ph.D. VABION LLC

The Honorable Todd P. Haymore Commonwealth of Virginia

Kathleen Maccio Holman Davenport & Company LLC

Michael S. Laming Genworth Financial, Inc.

Lyn McDermid Dominion

Linda Powell Pruitt Powell Pruitt Associates

Timothy D. Smith LCOR, Incorporated

Linda M. Warren Altria Group, Inc.

Richard T. Wilson III RBC Dain Rauscher, retired

Advisory Board

Carolyn B. Bush County of Henrico

Felicia Cosby City of Richmond

Kathy Graziano Richmond City Council

Carolyn P. Henly County of Chesterfield

Scot L. MorrisRBC Wealth Management

John Sherman, Jr.

2009-2010 Board of Directors

Production Team & Staff

ALL THINGSCONSIDERED

Weekdays at 4 pm

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Using the power of media to educate, entertain and inspire

When you need to know, turn to usfor News and Public Affairs.

PBS NEWSHOURWeeknights at 7

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MORNING EDITIONWeekdays at 5 am

Lead PatronAltria Group, Inc.Davenport & Company LLCDominion ResourcesDominion DigitalGenworth Financial, Inc.

Host PatronB&B PrintingComcast Metro RichmondOwens & MinorTroutman Sanders LLP

Producer PatronCapital Onecircle S studioCovington International TravelHourigan Construction IBM CorporationLongwood UniversityPricewaterhouseCoopers, LLP Radford UniversityThe Trust Company of VirginiaUniversal Leaf Tobacco Co., Inc.VCU Medical Center Wachovia, a Wells Fargo Company

Educational PatronDr. & Mrs. W. Baxter Perkinson, Jr. Trinity Episcopal School

Media PatronCommunity Idea Stations WCVE-WHTJ-WCVW-88.9FM

Music PatronMoore Cadillac Company

Transportation PatronWINN Transportation

MunicipalitiesCity of RichmondCounty of ChesterfieldCounty of Henrico

SponsorAlfa Laval Inc.BB&TBon Secours Richmond Health SystemBuckingham Greenery, Inc.CapTech Ventures, Inc.City & GuildsCraigie & CraigieHirschler FleischerHospital Hospitality HouseLiberty Property TrustMcKinney and Company

Media General, Inc.Morgan Stanley Smith Barney Bart NastaJudy & Dave PahrenPartnerMDRainbow StationRBC Wealth ManagementRight ManagementSunTrust BankTowers WatsonU.S. Trust, Bank of America Private Wealth ManagementVerizon CommunicationsWilliams Mullen Dianne & Ken Wright Foundation

ContributorActuarial Benefits & Design Amanda & Farhad AghdamiAnonymousBiegler & Associates, PCChubb InsuranceCushing Manufacturing CompanyDSC LogisticsEndeavor Capital, LLCH & H Grandis PropertiesHunton & Williams, LLPIn Your EarInvincia Insurance SolutionsMarkel CorporationMercer, Inc.MWVOsage Bio EnergyParty PlusRandolph-Macon CollegeSwedish Match

FriendRalph & Judy AndersonMr. & Mrs. Roger BoevéThe Brink’s CompanyMrs. Wilson M. Brown, Jr.fuel creative, inc.Mary Beth Hamlin & James ShannonTorry & Jil HooverTrisha Krause, DMD, MS and Sanjay Bhagchandani, DMD EndodonticsMr. & Mrs. Robert MannThe Martin AgencyLyn McDermid Mutual Assurance Society of VirginiaPerspectives, Inc.Dr. Dianne Reynolds-CaneSigma National, Inc.

Timothy Smith & Mary Ellen PauliClaiborne & Ann TerryCraig & Annhorner TruittJames & Vanessa Wigand

SupporterMr. José AlfaroMr. & Mrs. Tommy BaerMr. William BlackKenneth C. Blaisdell & Sherryn StaufferMr. & Mrs. Joseph H. BrowerLinda & Dale CannadyMr. Jeff ChapmanKevin & Sheila ClasbeyMr. Howard CobbMr. & Mrs. Robert CodyDr. Harold M. Cruse, DDSMrs. Creed S. DavisRichard & Mary Beth DeutschJack & Nita EnochMr. Joseph FarrellMr. William R. FieldsMr. & Mrs. Robert B. GilesMr. A. William HamillThe Honorable & Mrs. Todd P. HaymorePam & Joe HazelMr. Jay HollowayMr. & Mrs. Gary C. HudsonMs. Bonnie HuntMs. Louise JacksonDr. Bernice LathamMr. & Mrs. Richard B. LewisPorter Realty CompanyMr. Myron H. ReinhartRiggers, Inc.Michael & Linda RigsbyMr. Eric SamuelsonMr. Rick SchofieldLeila & Kirk SpitzerLeslie Stack & Frank RizzoMr. Geoff StiffDr. & Mrs. Ken StonerGary & Pat SullivanVABION LLCVAMAC, Inc.Dr. & Mrs. Douglas A. WayneMr. Eric WhiteDick & Marty Wilson

Season Lineup ContributorRandolph-Macon College

The Ralph F. Krueger Jr. Memorial Fund

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2009-2010 Patrons

Thank you for your support!

We do them in communities. Schools. Small businesses. And a lot of other areas. You see, at Capital One, we believe that the more our people volunteer their time, expertise and financial resources, the more everyone benefits. After all, while a lot of important work goes on inside our offices, just as much goes on outside them. Capital One is proud to support The Richmond Forum.

WE DO A LOT OF IMPORTANT THINGS.NOT ALL OF THEM IN OFFICES.

www.capitalone.com

I/O: NY71031Client: Capital OneMedia: Richmond F.Color: b/w

Size: 3x4.375Date: 9.5.08Artist: jimV: 1

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B A N K I N G I N S U R A N C E

I N V E S T M E N T S

Serving a communitymeans being a part of it.

BBT. Member FDIC. Only deposit products are FDIC insured. BBT.com. © 2010 BB&T.

Molly BantaCaroline G. BarnesGeorge Blackwell BridgforthD. Patrick BrownLauren O. CamdenChristopher W. E. CantoneMeagan J. CarterTimothy M. ChesterAnn EckmannMatt ElginV. Bailey EnochsMichael S. Gibbons

Laura A. GodwinElisabeth S. S. GreenwoodBenjamin J. GrossOlivia D. HairfieldJames M. HarkinsHayden E. HodgesJ. Anderson JohnsonIqra KapadiaElizabeth B. KintonColeman T. LarrabeeGabriela M. LarusAmy Linderman

Mary Virginia LongNicholas J. MarkunasAnn S. MauckTaylor S. McClainCassie A. PegramDeanna C. PelkeyEva RavenalThomas Lee RiceMarysia Kolbe RiederDavid A. RobertsonM. Alexandra SchreckGuy S. Shelby

Tate B. ShelbySarah L. SpencerJordan A. StokesMadeline Y. StokesAlexandra J. ValentineGeorge Lee WilkinsonJeffrey C. Willis

Sarah McDermott, AdvisorRobert Patterson, AdvisorLee Sprague, Advisor

Trinity Episcopal School Student Ushers

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Trinity Episcopal School advocates service to one’s community as an important aspect

of individual character development and as an essential element in the creation of a strong

community. These Trinity students, selected from the School’s Honor Roll, serve as ushers

for The Richmond Forum this season. Through their service, the students facilitate an exchange of

ideas that broadens our understanding of the trends and issues shaping our lives and our community.

THE RICHMOND FORUM WELCOMES THE STUDENTS AND FACULTY OF TRINITY EPISCOPAL SCHOOL IN A SPECIAL PROGRAM DESIGNED TO CONNECT THE CLASSROOM, THE COMMUNITY AND CURRENT EVENTS.

IN ACADEMICS

We discover what motivates students and use that knowledge to challenge them

IN THE INTERNATIONAL BACCALAUREATE PROGRAM

Academics with a world view provide a competitive curriculum in a dynamic environment

IN THE COMMUNITY

We celebrate the differences that make us individuals and the common ground that makes us a community

WITH THE FACULTY

Building relationships based on mutual respect helps students realize their full potential

DISCOVER YOUR PATH AT TRINITY EPISCOPAL SCHOOL

www.trinityes.org

We are grateful to Dr. & Mrs. W. Baxter Perkinson, Jr.for their financial support for this educational program.

Data Management

Management Consulting

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CapTech is a proud sponsor of The Richmond Forum

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In less than a month,Hospital Hospitality House

provides lodging and non-medical servicesfor more guests than are attendingThe Richmond Forum this evening.

In fact, HHH provides a homeaway from home for about 160 patients

and family members each night,4,800 each month, that are visiting Richmond

for medical care at area hospitals.

They count on HHH.

Can we count on you to help?

Look around, start counting.

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UNLEASHING THE POWER OF

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Helping you get andstay on solid ground.

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is pleased to supportThe Richmond Forum

for more information on Williams Mullen,please contactDouglas M. Nabhan804.783.6484dnabhan@williamsmullen.com

A Professional Corporation

NORTH CAROLINA VIRGINIA WASHINGTON, D.C. LONDON

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We are proud to support community discussion of issues and events

We are proud to sponsor The Richmond Forum.

U.S. Trust, Bank of America Private Wealth Management operates through Bank of America, N.A. and other subsidiaries of Bank of America Corporation. Bank of America, N.A., Member FDIC. © 2009 Bank of America Corporation. All rights reserved. UST-158

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[ HEART & HEART SURGERY KIDNEY DISORDERS REHABILITATION ORTHOPEDICS ] Discover one

of the nation’s best hospitals right here in Richmond. U.S. News recognized us for excellence

in four categories of care, marking a true Red Letter Day not only for VCU Medical Center,

but for all of Virginia. It’s another affi rmation that we’re making a difference in the lives and

health of everyone we serve, every day.

vcuhealth.org

Dr. Todd Gehr,ChairNephrology

Dr. David Cifu, ChairPhysical Medicine and Rehabilitation

Dr. Robert Adelaar, ChairOrthopaedic Surgery

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THE DAY WEWERE NAMEDONE OF THEBEST HOSPITALSIN AMERICA.

THE DAY WEWERE NAMEDONE OF THEBEST HOSPITALSIN AMERICA.

THE DAY WEWERE NAMEDONE OF THEBEST HOSPITALSIN AMERICA.

091114_RichmondForum.indd 1 9/9/09 4:00:16 PM

1987 January Ted Koppel February “Iran: Yesterday and Today” Hodding Carter, Paul Duke and Larry Speakes March Diane Sawyer with General Brent Scowcroft April Charles Kuralt

1988 January Oprah Winfrey February George Will March “The Cold War – Will it Thaw?” Marvin Kalb, Jeane Kirkpatrick and Vladimir Pozner April Art Buchwald

1989 January Sam Donaldson February John Chancellor and Henry Kissinger March “Should Drugs be Legalized?” William Buckley and Charles Rangel April Dr. Carl Sagan

1990 January Paul Duke, Howard Fineman and Charles McDowell February “Perspectives – From Right to Left” Frank Carlucci, Bettina Gregory, George McGovern, William Proxmire and William Rusher March Mike Wallace April Alistair Cooke

1991 October Chancellor Helmut Schmidt January “Crisis in the Persian Gulf” Admiral William Crowe, General Alexander Haig, Robert McFarlane and Edwin Newman February H. Ross Perot March Art Buchwald and Andy Rooney April “Space and Beyond” James Burke, Dr. Frank Drake and James Lovell

1992 October Barbara Walters January Margaret Thatcher February Larry King with General Norman Schwarzkopf March “DNA: From Catching Criminals to Constructing Dinosaurs” Patricia Cornwell, Dr. Victor McKusick and Dr. Marc Micozzi April Mark Russell

1993 October Terry Anderson January “Japanese/American Trade Debate” with Hiroki Kato and T. Boone Pickens February Dr. Joyce Brothers March Bill Cosby April Soviet President Mikhail Gorbachev with Cokie Roberts

1994 November “America in the Year 2000” Lamar Alexander, Marvin Cetron, Senator Warren Rudman and Chris Wallace January Louis Rukeyser with Frank Cappiello and Michael Holland February President George H. W. Bush March Dr. Elisabeth Kubler-Ross April Bob Newhart

1995 November General Colin Powell January Walter Cronkite with Judy Woodruff February Dave Barry March Tom Clancy April Jack Kemp and Senator George Mitchell

1996 November Ambassador Carla Hills and Prime Minister Brian Mulroney January “Space and Flight: The First & Last Men on the Moon” Neil Armstrong, Capt. Eugene Cernan, David Hartman and Dick Rutan February Calvin Trillin March Charles Kuralt April “The Presidency, The Press and The People” Ed Bradley, David Gergen, Pierre Salinger, Sheila Tate and Bob Woodward

1997 November Dick Cavett and Carl Reiner January Ray Brady with Paul A. Volcker February “To Preserve and Protect: The Story of the American Presidency” Doris Kearns Goodwin and David McCullough March Sir David Frost interviews Andrew Lloyd Webber April “The Legal System in America” Marcia Clark, Philip K. Howard, Prof. Arthur Miller, Dr. Rodney Smolla and The Hon. Kym Worthy

1998 November Bill Moyers January Wynton Marsalis February Prime Minister Shimon Peres and Dan Raviv March Mary Tyler Moore April Peter Lynch

1999 November Rt. Hon. John Major January Robert S. Bennett and Dr. William J. Bennett with Tim Russert February Harry S. Dent, Jr. and Lou Dobbs March Lily Tomlin April Dr. Robert Ballard and Jean-Michel Cousteau

2000 November Julie Andrews with Catherine Crier January “The Century” Todd Brewster and Peter Jennings February “Technology and the New Marketplace” Ray Brady, Michael Connors and John Krubski March Archbishop Desmond Tutu April James Carville and Newt Gingrich with Tim Russert

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Your Support of the Ralph Krueger Memorial Fund

Makes Life-Changing Student Opportunities Possible.

Established in memory of the founder of The Richmond Forum, the Ralph Krueger Memorial Fund makes it possible for local students to attend

sold-out Forum programs.This year’s satellite student viewing room has

been a tremendous success and nearly 600 students from area public and private schools will have an opportunity to be inspired in a life-changing way.

When you renew your subscription, please consider including a tax-deductible donation to the Krueger Fund to enable us to continue and expand our student outreach programs.

Visit www.RichmondForum.org to learn more or to donate online.

Thank you for your support.

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2001 November Senator John Glenn January Tom Brokaw February Prime Minister Benjamin Netanyahu with Daniel Schorr March Frank McCourt April Dr. William Kelso

2002 November Hal Holbrook in “Mark Twain Tonight!” January Rabbi Marc Gellman and Msgr. Thomas Hartman February Dick Clark March Doris Kearns Goodwin and David McCullough April The Hon. Madeleine K. Albright and The Hon. James A. Baker III with Gwen Ifill

2003 November Ken Burns January The Hon. Rudolph W. Giuliani February Prime Minister Benazir Bhutto and Her Majesty Queen Noor with Gwen Ifill March FBI Director Louis Freeh April Senator Fred Thompson

2004 November Cal Ripken, Jr. January Robert Shiller and Jeremy Siegel with Geoff Colvin February Candice Bergen March Rt. Hon. Mary Robinson April Thomas L. Friedman

2005 November General Tommy Franks January Michael Beschloss and Walter Isaacson February Tim Russert March Fareed Zakaria April Frank Gehry

2006 November Robert Redford January Sherry Lansing February General Colin Powell March Tom Wolfe April Rick Wagoner with Geoff Colvin

2007 November Burt Rutan January Malcolm Gladwell and Alvin Toffler February B.B. King March Jim Lehrer April Dr. Jared Diamond

2008 November President Vicente Fox January Carly Fiorina February Michael Douglas with Jeffrey Brown March Dr. Henry Louis Gates, Jr. April David Brooks

2009 November Rt. Hon. Tony Blair January Reza Aslan and Jon Meacham February Smokey Robinson with Daphne Maxwell Reid March Terry Bradshaw and Howie Long April Marion Nestle and Michael Pollan

2010 November Dr. Neil deGrasse Tyson January Greg Mortenson

Condoleezza Rice will provide a sweeping look at global affairs during her tenure as secretary of state and national security advisor in the George W. Bush administration.

By sharing compelling stories of her experiences, she will illuminate the interrelationship of global events and leaders during a time of unprecedented and tumultuous world affairs and controversial U.S. policies.

Condoleezza Rice will be the fifth former secretary of state to address The Richmond Forum.

For Single Program Ticket Availability, Call (804) 330-3993.

Connecting Richmond to the World.

Coming toThe Richmond Forum

April 10, 2010Condoleezza Rice

May 8, 2010 David Plouffe

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