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Hans good afternoon, everybody. Let me say on behalf of the world bank and prospects group, we welcome you to this book event. Very much we want to welcome robert samuelson. We will introduce him in a moment. He has written a remarkable book,the great inflation and its aftermath. I read it over the weekend, cover to cover. That does not happen often. It is a very readable book. It is really remarkable. First of all, of course, because of its timing. At the moment that everybody tries to catch up on what actually the Great Depression was and he tries to focus our attention on the great inflatio...

Losing its license to operation in london. Is it a red flag for the london economy . Were going to get into that coming up. But we begin with this breaking news in the last hour or so, Health Care Stocks rebounding as senator john mccain says he will not vote for the Graham Cassidy Health Care Proposal Kayla Tausche is here to bring us to up speed kayla . Reporter that statement landed with a thud earl yer this afternoon, bill. Arizona senator john mccain becoming the second official no on the republicans final push to Reform Health care this year, with just republican votes creating a signifi...

Obviously, if nafta were to collapse, canada has a bilateral trade deal with the u. S. What is the canadian priority here . Would it prefer to fall back to that . When the minister started talking about arlington cemetery, that was a metaphor for the death of nafta. Canada would probably be the least disrupted. It would be a shortterm pickup. Canada can fall back on the Free Trade Agreement with United States. There may not be that much of a disruption. Backandforth, the unconditional proposals, make a good agreement better. Some of these proposals run counter to rules. And we had the mexican ...

Type tax reform. Today is day two of the Senate Committee review live on capitol hill. This is just getting under way. It collects input from amendments that have been filed. Because of a larm number of amendments we have processed the modified mark will be given to members later today as has been discussed with our Ranking Member and everyone can then have time to read over the modifications. After that process we will resume a markup tomorrow morning with the modified mark. Before we proceed today i want to make a few comments. I appreciate members participation during yesterdays session. I ...

Regulations. Yeah, were going to need lots of regs, based on these proposals, correct . Is that correct, mr. Barthold, theres going to be a lot of regulations with these proposals . Presumably some things go away but there would have to be new notices and new regses to effectuate policies in the mark. In the areas you have mentioned, the new passthrough regime and the shift to a territorial regime with the base erosion protections. And what about deductions. Those are pretty complex also. Theres going to be regs there, right . Actually, theres a number of regulations related to interest deduct...