Link: http://frwebgate.access.gpo.gov/cgi-bin/getdoc.cgi?dbname=1999_register&docid=99-31199-filed

[Federal Register: December 1, 1999 (Volume 64, Number 230)] [Notices] [Page 67255] From the Federal Register Online via GPO Access [wais.access.gpo.gov] [DOCID:fr01de99-43]

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DEPARTMENT OF DEFENSE

Department of the Navy

Meeting of the Chief of Naval Operations (CNO) Executive Panel

AGENCY: Department of the Navy, DOD.

ACTION: Notice.

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SUMMARY: The CNO Executive Panel is to conduct the midterm briefing of the Technology Hedging Strategies Task Force to the Chief of Naval Operations. This meeting will consist of discussions relating to technology hedging strategies.

DATES: The meeting will be held on December 14, 1999 from 10 a.m. to 11 a.m.

ADDRESSES: The meeting will be held at the office of the Chief of Naval Operations, 2000 Navy Pentagon, Washington, DC 20350-2000.

FOR FURTHER INFORMATION CONCERNING THIS MEETING CONTACT: Commander Christopher Agan, CNO Executive Panel, 4401 Ford Avenue, Suite 601, Alexandria, Virginia 22302-0268, (703) 681-6205.

SUPPLEMENTARY INFORMATION: Pursuant to the provisions of the Federal Advisory Committee Act (5 U.S.C. App. 2), these matters constitute classified information that is specifically authorized by Executive Order to be kept secret in the interest of national defense and are, in fact, properly classified pursuant to such Executive Order. Accordingly, the Secretary of the Navy has determined in writing that the public interest requires that all sessions of the meeting be closed to the public because they will be concerned with matters listed in section 552b(c)(1) of title 5, United States Code.

Dated: November 18, 1999. J. L. Roth, Lieutenant Commander, Judge Advocate General's Corps, U.S. Navy, Federal Register Liaison Officer. [FR Doc. 99-31199 Filed 11-30-99; 8:45 am] BILLING CODE 3810-FF-P

hedge (h5j) n. 1. A row of closely planted shrubs or low-growing trees forming a fence or boundary. 2. A line of people or objects forming a barrier. 3.a. A means of protection or defense, especially against financial loss. b. A securities transaction that reduces the risk on an existing investment position. 4. An intentionally noncommittal or ambiguous statement. --hedge v. hedged, hedg7ing, hedg7es. --tr. 1. To enclose or bound with or as if with hedges. 2. To hem in, hinder, or restrict with or as if with a hedge. 3. To minimize or protect against the loss of by counterbalancing one transaction, such as a bet, against another. --intr. 1. To plant or cultivate hedges. 2. To take compensatory measures so as to counterbalance possible loss. 3. To avoid making a clear, direct response or statement. --hedg"er n. --hedg"y adj.

-- watchingfeds@longtime.now (tomd239680@aol.com), December 01, 1999

Answers

sounds like the navy wants to "hedge" their technology bets. they did say "midterm briefing". sounds like a regular type of meeting.

-- tt (cuddluppy@nowhere.com), December 01, 1999.

Accordingly, the Secretary of the Navy has determined in writing that the public interest requires that all sessions of the meeting be closed to the public because they will be concerned with matters listed in section 552b(c)(1) of title 5, United States Code

"...closed to the public because they will be concerned with matters listed in...."

Governmental credo.

Hmmm. "We the people....?"

-- Casey DeFranco (caseyd@silcom.com), December 01, 1999.

USC Title 5, Sec. 552b(c)(1):

(c) Except in a case where the agency finds that the public interest requires otherwise, the second sentence of subsection (b) shall not apply to any portion of an agency meeting, and the requirements of subsections (d) and (e) shall not apply to any information pertaining to such meeting otherwise required by this section to be disclosed to the public, where the agency properly determines that such portion or portions of its meeting or the disclosure of such information is likely to - (1) disclose matters that are (A) specifically authorized under criteria established by an Executive order to be kept secret in the interests of national defense or foreign policy and (B) in fact properly classified pursuant to such Executive order;

Looks legit to me.

-- Hillbilly (Hillbilly@possum.creek), December 01, 1999.