Vice President Biden in 2011 set in front of a chinese audience, your policy is bound one which i fully understand. Im not second guessing the one child policy. That is a policy that is had barbaric consequences, which among other things, chang was seeking to protect Chinese Women against. So words are important. And its important for our leaders to be consistent and strong on this issue. Thirty seconds on this question. Secretary clintons statements was i think a fair distillation of the policy of every administration for the last 40 years. She was perhaps indiscreet in saying so, but that was, there was nothing new in what she was saying. After all, Richard Nixon established relations with china, one of the most systematic and massive human rights violators of the 20 century. And we did so precisely to cooperate on strategic issues. We can press human rights issues and also work on strategic issues. As for the one child policy, vice President Bidens, id governor romney, sometime go o
Likely to deliver worst results in two years due to cheaper phones. Shares of one of samsungs rivals, apple, levels not seen since 2012 as tim cook considers broadening the board of director p. Ad view, and the labor recovery is not translating into more customer spending. Hell join us live a little bit later on. First up, though, samsung warns Second Quarter earnings worst in two years, down 24 . The smart phone maker is cautiously expecting improvement in the Third Quarter. Analysts say the high end phones are not selling as well because of an abundance of cheaper alternatives and the company may have no alternative but to cut prices. Samsung, and interesting case study hit from the high end on apple and a lot of players at the low end, but they are citing competition in china, europe, tablets smaller tablet cannibalized by phones and people not upgrading as quickly. Thats the key, lack of upgrade perhaps because while theres a new it ration, its not an advancement. People hold on to
Securities and Exchange Commission chairman Mary Schapiro express important that the action on a stock frank. Chairman schapiro said the libel make markets more transparent, stable and efficient. From George Washington University Law school, and this is 45 minutes. Good morning. I am paul berman, 19 of the law school as art said and i want to welcome you to this conference and obviously welcome Mary Schapiro, chairman of the securities and Exchange Commission. So one of the things that i think makes this law school, the George Washington University Law school distinctive and different from other top law schools is the degree to which we are integrated into the real world of law and policy practice in this country. So one of the things we are always striving to do this not be an ivory tower Academic Institution solely, but also one that is always trying to engage the practicing bar, people from corporations, people who are not lawyers in the educational enterprise and also when Public P
Tenets of working make a lot of rules work. Let alone the super vision and the capacity to ensure they do. So what are the priorities . In my opinion, first theyre finalizing the orderly liquidization authors. And the thirty paper takes a hard look at this to see if it is a robust end too big to fail. To whatever piece is the right to the agency that it can be resolved. If it too complex, doddfrank tells the agencies can you go come you tell the same complex banks. No more crossborder bridges. Structures often subsidiaries that are more easy to resolve. We need to hold regulators accountable for acting on living wills said the big bang sorry so i requires make more resolvable, not step away if it wont happen, lets do Something Else from which no one agrees than few specifics are getting hand. Orderly resolution they think is important and vital. New capital rules, new liquidity rules and a keen eye to Operational Risk management, all of which can be best insured, not only by new rules,
Okay. I was referencing the regulation. Im not familiar with about three im not familiar enough to speak to that. What i would like to speak to is you mentioned Social Security, to my generation and every generation behind us, what Social Security is known for his being a completely unsustainable program. I would also like to mention that we you and i got started with a 24 hour diner and had about ten or 12 employee and we spent all night turning it into a real business and there was nothing more we wanted them to build our business and added to it and ive been fortunate to have good advice from people over the years that have done similar things and what they have shared with me time and time again that turned out to be true in our case is every next step you take it harder than the step behind you and there is Significant Growth that comes trying to build a real business. The 50 employees regardless what industry you are in, it presents an additional significant hurdle for people who