Despite intense efforts by the banking industry to water down the agency or kill it outright, Mr. Mierzwinski said the agency survived with broad authority, a strong financing stream and an independent director.
"These result shows that they remain capable of ensuring a strong financing of the economy both under the central scenario and under the highly stressed scenario," said Christian Noyer, governor of the Bank of France.
The Third Financing for Development Conference (FFD3) is supposed to deliver a strong financing framework, but unless more world leaders engage with the process and commit to meaningful reforms of the international tax system then Addis won't meet expectations.
Another scientist at Utrecht, Bernard Roelen, said via e-mail that he was "rather surprised" by news of the competition, but said that even with strong financing, it would be extremely difficult to produce commercially viable quantities of in vitro meat before 2012.
JNJ also has strong financing–it has about $8.2 billion in debt, but could pay all of that off in less than a year using its $12.6 billion in annual earnings.
Its balanced-product portfolio is gaining share in servers and storage, the strong financing arm is a steady earner in recession and its decision to push Linux as far as it can go is winning customers weary of the Microsoft monopoly.
