if it s my friends at the fcc, first of all, i wouldn t be shocked. and second of all, maybe that s a pretty fair thing. have you done what you need to do to get this regulation, required by law, simply to allow us to know the incentive that is are involved and to prohibit inappropriate incentives that did help lead to the 2008 debacle. have you done your job? we have tried to work constructively with the other agencies. i love when chairs never give answers. we have done i think the fed has done a pretty good job. i m not complain:00 the fed. but this is long overdue. each regulator that comes before me, i m going to ask. i don t say do a specific item, i don t care how much they make. do it so the american person doesn t get on the hook again. on an item that we have already identified as a problem that everybody agrees was a problem and that should be relatively easy to fix. i agree with your assessment, that it was an important problem, that it is essential to
internet caucus taking a look at internet privacy and personal data protection. the chair of the federal reserve, janet yellen, testified on the u.s. economy and monetary policy appearing before the house financial services committee on wednesday for about three hours. the committee will come to order. without objection the chair is authorized to suggest a recess for the committee at any time. this is the annual testimony on the federal reserves supervision and regulation of the financial system. i now recognize myself for three minutes to give an opening statement. the dodd/frank act requires the federal reserves vice chair of supervision to testify before our committee twice a year regarding the supervision and regulation of financial institutions. regrettably, five years after the passage of dodd/frank, no such person exists. president obama has been unwilling or unable to follow the law in a point at vice chair. we can no longer wait for the president to do his job s
i think you can never market that enough. but i do believe it really comes down to understanding that we re all in the same system together. we have different roles to play. but we can play those roles in a complementary fashion. the airlines have been working very hard to enforce the one plus one rule, meaning the one carry-on bag and one handbag or briefcase. their challenge is, well, it s not my business 0 address their business models, but i can tell you it s just a fact that a lot more stuff is arriving, it s packed more full of things, people have electronics in there. screeners have to be very aten ive. but you knew it had the potential to put more pressure on the screeners. i think that would have been the expectation. do we have a mechanism going forward? absolutely.&eñ and the airlines have worked closely together. both sides have to be aware of the impact of the decisions they make. and i m as interested in the decisions, in the business models of the airl
financial institutions and markets generally. those powers we use during the crisis to keep credit flowing to the economy. sure. and so we want to be very careful about what we do. the words used for that are unusual and exjentsisheses. sur correct. in my format we take that and we say we add upon it, raise the bar marginally, i would argue, and use the language unusual and exjent circumstances exist that pose a threat to the financial stability of the united states. you ve come out and some of the other fed governors come out opposed to that language. why? that s when we would use i m not sure that we have been opposed. that s when we would use those powers when there are unusual and exjent. it s understood to mean pose a risk to the financial system. we ve kind of added two things as a belt and suspnders. one was to include the language that pose a threat to the financial starblete to the united states. and that is the pushback that we ve gotten. i ve met wit
it was written in 1921. adams had alolow passage in there saying the bible and the beaver where the two mainstays of the nation and those years.. i have no idea why he had thrown the beaver into the mix. back on the curious. i quickly discovered for the better part of a decade, the main source of income for the pilgrims was trading beaver pelt with local indians and selling them in london. backup a wondering what else i didn t know about the american fur trade. i went down to my local library and started reading books about the firsfur trade. there was a fascinating history there that could be used to tell an equally fascinating story about american history, using trade to talk about how america was transformed into a transcontinental nation. now that i have written a book, i am convinced that if you do not understand the basics of the history of the fur trade in america, you cannot really understand american history. it has that big of an impact. what i will do now is give
provide liquidity when there is a financial panic and lenders are worried about the state of financial institutions and markets generally. those powers we use during the crisis to keep credit flowing to the economy. sure. and so we want to be very careful about what we do. the words used for that are unusual and exjentsisheses. sur correct. in my format we take that and we say we add upon it, raise the bar marginally, i would argue, and use the language unusual and exjent circumstances exist that pose a threat to the financial stability of the united states. you ve come out and some of the other fed governors come out opposed to that language. why? that s when we would use i m not sure that we have been opposed. that s when we would use those powers when there are unusual and exjent. it s understood to mean pose a risk to the financial system. we ve kind of added two things as a belt and suspnders. one was to include the language that pose a threat to the finan
undesirable development insofar she thought moving towards being a federal state would inevitably mean a breach in the long run with the united states. as for her, as for churchill, of course, remaining friends and allies with the americans was at least the second and probably the first principle of foreign policy. next, john, i would like now to bring the doctor back into discussion in terms of margaret thatcher s time in office. oxford. i might ask you the question. how important do you think lady thatcher s views were in shaping her later views in life? why is it that oxford university has been so incredibly successful in terms of producing british prime ministers, i believe, 26 have been educated at oxford. far more impressive than cambridge, i might add, by i mile, i believe? nothing parochial here. no bias. what was it about her oxford time that fashioned one of the truly great leaders of our time? well, one thing i would say just to supplement what i have just
people s ability to withstand financial shocks and one quarter of u.s. respondents were financially fragile in the sense they could not come up with $2,000 in 30 days. including respondents who reported probably being unable to come up with 2,000, half would be viewed as financially fragile. low saving was the reported. in addition, many americans report that adequate saving for retirement is a challenge. in a 2014 gallup poll, only half respondents reported being confident they will have enough money to live comfortable in retirement. research validates this concern and households in the lower distribution are most likely to be squeezed. so, for example, lower income households are much more likely to experience a material drop in their consumption at retirement than their higher income counterparts. okay. so this brings us to the crucial questions of why people don t save enough and how federal policy can encourage them to save more. so to start, it s not uncommon to hear p
and that relationship that we have with canada has enabled us to truly be able to provide aerospace control and maritime warning. that relationship is critical to the security of the united states and canada. both our countries benefit from that against existential threats. that relationship that we have with canada is a model that is worthy of emulating. but a an aerial threat over the poles is not the only threat that north america faces. the security landscape is evolving. and north america faces a threat from the south. now our threat from the south is not presently an existential threat but it is a security threat nonetheless and this threat that is transnational in nature exploits seams between countries. it s an organized threat. it is a networked threat. it is agile. it s adaptive and it can reach the point to where it actually destabilizes regions and it can also challenge sovereignty. so we broadly describe that threat as transnational organized crime. now this th
can that they can drink the water? water has returned to pre-incident conditions. field back. we have no other matters with questions, so let me thank forof our experts their testimony. i think both members of the inle for their interest cleaning up the problem and making sure it doesn t happen again. i am looking forward to the conclusion of this investigation. we do want someone to be held accountable. we want the epa to take response billy. thank you all, we are adjourned. we want the epa to take responsibility. thank you all, we are turned. adjourned. your calls and comments with washington journal. then, newsmakers. after that, a discussion on the iran nuclear agreement with 70 leader mitch mcconnell and minority leader harry reid of nevada. . he was a nazi, he was a concentration camp commandant. he was responsible for the murder of thousands of jews. tonight on q and a, jennifer life altering discovery that her grandfather was the nazi commandant, also kn