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Good moving around and all the garbage being moved back miracleman to that. No soviet union it had huge environmental problems in spite of the fact that it was completely disintegrated from the only system as something to be used you know what im trying to explain that its its really quite often we are putting globalization hat on everything globalization has to play but to take logical factors are much more fundamental and you cannot save jobs when radical change is going on but you can create jobs and thats the problem they have not been able to create a and theyre not argue with that but im...

But im not sure we are quite in the same stage when such a major fact but lets look at it from the other perspective globalization relies heavily and encourages over consumption and thats also a fact that has a major Environmental Impact that Environmental Impact is compounded by all the goods moving around and all the garbage being moved back may or comment on that. You know soviet union it had huge environmental problems in spite of the fact that it was completely disintegrated from the only system and something to be you know what im trying to explain that its its really quite often we are ...

Now when globalisation is discussed its usually discussed in economic terms of efficiency a labor costs production cheats etc and there is a legitimate benchmarks for business but not for government because the government has to consider a much broader impact what happens to society is one factor is more about what happens to the Public Health sector whether there is an Opioid Crisis do you think industrial democracies have managed in there. Rather than corporate ways. They have not understood that the rules of the game have to be changed and we are still. Living with historical legacy self in...

Language or some appropriately until ahed safe harbor, new reference rate can be used, significant legal problems and challenges are likely to occur. Liborsthis in mind, as farduled end nears, and so is the secured overnight Financing Rate will apparently take its place, tell us, what can be done to accommodate the numerous contacts that do not have fallback positions . Chair powell thank you, mr. Scott. I think you said it very well, i think theres 300 trillion plus in contracts referencing libor 500 different currencies. The maybe elation 300 trillion plus in contracts referencing libor in 5...

The committee will come to order. Without objection, the chair is authorized to declare recess of the committee at any time. This hearing is entitled Monetary Policy and the state of the economy. I recognize myself for four minutes to give an opening statement. Today this committee convenes for a hearing on Monetary Policy and the state of the economy. Chairman powell, welcome back. Today i would like to start by addressing the current elephant in the room when it comes to Monetary Policy and the fed. This president has made it clear that he has no understanding or respect for the independence...