Area bestselling author. His book is number one on amazon movers shakers them as today. Whats in the world today . I know you are not following it very closely. Its 30 something in the world so congratulations on that. [applause] we have a really important american here today and for those of you that no gallop our biggest business sector around the world is actually banking so we have a lot of sectors sectors for all kinds of corporations, education, universities but her biggest sector is banking. Banking has a very been a very good friend of this organization. I am on johns board of operation hope and most of you know john has built a colossus operation called operation hope and john is a board member and our best friends are banks that operation hope. The banks have an organization here in town that is a real powerhouse called the Financial Services roundtable and its ceo is was here today. I really admire the ceo of Financial Services roundtable because he was a popular daily gover
And that will tend to be supportive of the economy. So that has an automatic stabilizertype effect. It offsets adverse shocks. Reporter as it turns out, the fed expects the Unemployment Rate to fall below 6. 5 until 2015, exactly when the fed said a few months ago it expected to begin raising Interest Rates. So this isnt much of a change in policy. Bernanke also said the central bank will continue buying bonds, 85 billion a month, to help bring down Interest Rates and boost growth. And the fed plans to keep doing that until the labor market shows a solid pickup or there are other signs of trouble. If future evidence suggests that the programs effectiveness has declined, or if potential unintended side effects or risks become apparent as the Balance Sheet grows, we will modify the program as appropriate. Reporter the fed will also look at broader measures of the labor market including the hours people are working and payroll growth. But the Unemployment Rate target still raises some con
Supportive of the economy. So that has an automatic stabilizertype effect. It offsets adverse shocks. Reporter as it turns out, the fed expects the Unemployment Rate to fall below 6. 5 until 2015, exactly when the fed said a few months ago it expected to begin raising Interest Rates. So this isnt much of a change in policy. Bernanke also said the central bank will continue buying bonds, 85 billion a month, to help bring down Interest Rates and boost growth. And the fed plans to keep doing that until the labor market shows a solid pickup or there are other signs of trouble. If future evidence suggests that the programs effectiveness has declined, or if potential unintended side effects or risks become apparent as the Balance Sheet grows, we will modify the program as appropriate. Reporter the fed will also look at broader measures of the labor market including the hours people are working and payroll growth. But the Unemployment Rate target still raises some concerns. The Unemployment R
Their advantage, the tax issue which has been the difficult part, the Super Committee we have it i call the avengers in politics, with powers untold in our history, that couldnt reach an agreement because the taxes, republicans wouldnt agree to any significant increase in taxes now they are talking to amounts that will reach that point and i am confident we will get something done. Rose jake tapper, ian mcewan, and norm ornstein when we continue. Funding for charlie rose was provided by the following. Rose additional funding provided by these funers. And by bloomberg, a provider of multimedia news and Information Services worldwide. From our studios captioning sponsored by Rose Communications from our studios in new york city, this is charlie rose. Rose one of the deadliest Battle Office the war in afghanistan took place on the morning of october 3rd, 2009, nearly 400 taliban fighters attacked 53 american troops stationed at a remote military base known as combat outpost keating, a, ei
I had lived with coronary Artery Disease since i was 37 years old 1978. Had six heart attacks and nearly Everything Else that you could do yourself. I had an episode of ventricular fibrillation, my heart stopped. My life was saved by an implanted defibrillator. So ive been through a lot and as of last march i got a transplant, got a new heart and its nothing short of a miracle. Its like taking 30 years off your life. Rose some people said to me without that heart transplant your days were numbered. Did you have sense of that . Oh, absolutely. Id gotten to the point where id done bypass and all the various procedures and i got to end stage heart failure, your heart is just no longer moving enough blood to service your vital organs and this was in july of 2010 so i went in for planned surgery. They had to do it on arch emergency basis because everything started to collapse rapidly. And thats when we implanted this its called a left ventricular assist device. And that was probably the tim