That that ratio will continue to rise in an unsustainable fashion , so the addition to the debt taking what is already a significant problem and making it worse is, it is of concern to me and i think it does suggest that in some future downturn which, well, could occur just for whatever reason, the amount of fiscal space that would exist for fiscal policy to play an active role may well be limited. Sam and then victoria. Sam flemming. A couple of longer term questions. First of all midway through the year you talked about issues of whether inflation targets might need to be raised and a lot more debate in the fed system since this. It may not be an imminent issue but is it something the fed should discuss over the coming years some sort of change to the target and second of all the amount of stimulus tools that the fed may have at its disposal in the next downturn strikes are fairly limit limited. One of the incoming governors, Marvin Goodfriend talked about the merits of negative Inte
Today we are here to discuss the stakeholders Corporate Average Fuel Economy Program at the national Highway Transportation Administration in the Greenhouse Gas emission standards at the us epa agency that governs fuel economy standards. This program was established by congress in 1975 and the goals of the program are to improve vehicle economy, reduce Oil Consumption and secure the Nations Energy independence. The program has undergone major changes and modifications the past four decades both because of political and economic forces. Less than ten years ago and on top of the program the epa was created with the device more efficient vehicles that will use less fuel and less corporate backside. In addition various states have enacted their own standards with respect to automobile admission. The combination of these departments is created and incredibly compensated regulatory scheme improving fuel efficiency and achieving Energy Independence is an important goal. Realworld backs and da
Please call the next item the nextordser of business is item 10, closed session. There is none. The next order of business is adjournment. Madam chair. The meeting is adjourned at 414. In memory of rosario [inaudible] thank you. Come to order and the skeet will call roll commissioner pating commissioner king commissioner chow commissioner chung commissioner sanchez commissioner karshmer the second is the approval of the minutes of august 4, 2015. Before you guess for approval a motion is in order. So moved. Are there corrections to the minutes. I think the only typo on item 10 it is obviously sf dph. My apologies thats the only one i found or saw sorry my other comments if not then the minutes are before you for approval all in favor, say i. I. Nancy pelosis the minutes are approved directors report. Good afternoon, commissioners sitting in for director garcia on a well deserved vacation hair directors report the first is to talk about the first cohort of interns on august 3rd dpw Huma
Face in their lives. Today, i thank you for this opportunity, because i would like to describe to you my agenda. How it would play out in the lives of two hypothetical people from detroit. A Small Business owner operating a auto bill operating an , and a youngop Woman Working at the front desk. As we see, the challenges we face is a result of washingtons failings. Lets call our Business Owner david. A owns a franchise of National Automotive repair company. He has 10 employees. In the past, david never considered himself a political person. He never thought his life was impacted much by what was happening in washington. Lately, his costs have been soaring. When he looked at his books, it was clear why. The cost of equipment. Outdated trade restrictions are preventing his franchise from finding products that are at a competitive price. Washington continues to tax what he invests in modernizing his equipment, despite the fact that our economy needs businesses like davids to integrate new
Dont know because we are sitting here. I just want there are so many things first the Approval Ratings of the president are between 8 and 10 which is extraordinarily low, as we know. There is no indication that will change anytime soon. We have a president at that low a level of approval so the foundations of government are very shaky. Second, that is why there is some protect ability to say i think brazil and the president are breathing easier today than they were before the demonstrations and a lot has happened in the past couple weeks that does suggest a slightly easier path for her but things could change very quickly. The economy really does remain in terrible shape. Every day the news are that the recession will last longer than had been protected yesterday. That the Austerity Program put in place by one of the most respected economists in brazil across the political spectrum is really not working very well. He called for a reduction in the fiscal deficit of a percent and a half