This is just under two hours. Welcome, everyone, to the hearing, and we will discuss the prospects for our economy. The Federal Reserve is one of the most important institutions in the country and, indeed, the world. Chair yellen served as president of San Francisco fed, then as vice chair, then as chair of the Federal Reserve board. Our distinguished service at the fed encompassed the most tumultuous time in the United States financial and economic systems since the great depression. Many books have already been written about the events of this time, and many more will certainly be written from different points of view. And with varying assessments. One thing is certain the Financial System and the economy have stabilized. We are no longer debating how to reconstitute them, but rather how they might work even better. This hearing will review the development the crisis and special sense doctor yellin director yellen became the chair of the fed in terms of the dual mandate of maximum em
Taped it to a wall and sit 20 feet away, youd have a hard time telling the difference between the phone. Content drives differences over time. If you look at the sports rights, theres going to be a really, really significant amount of investment in content and i think also, its going to require a similar restment in the adderer sizing side, but i think were video is going to change the were going to go to hyper media and this is the year were going to hyper media and i think the companies in this room have a chance to benefit and the internet companies, but youve got to hustle. Who is going to suffer most in that transition . Who is in trouble . I can tell you, any company that doesnt seek as a weapon for the feature is is going suffer. If youre not willing to change, youre going to get blown over. Broadcast networks . If youre not willing to put your content on the internet and on mobile, youre playing with fire. And again like i asked michael, prediction. Dr . What is your he was tal
Nominee for president. He took questions from our audience at George Mason University in arlington, virginia. This is about one hour stop this is about one hour. [applause] good evening and thank you for coming. Im the dean for International Affairs here at George Mason University. This is the beginning of a Speaker Series we have not politics people and issues. Tomorrow morning, former senator jim webb will be here. I dont know if you will be making any significant announcements, but he will be talking about some important policy issues. I would like to turn this over to bob gutman, the director of our center for politics and Foreign Relations and he will introduce our distinguished speaker for the this evening. Thank you. I want to thank everybody for coming. We have a new center on politics and Foreign Relations and we have invited all the president ial possibilities, not candidates, possibilities. And well be having a series of events through the next year. Anybody interested conta
I am running for president to repay those debts and to fight as hard for you as you fought for me. [applause] in the end, ladies and gentlemen, that is the only promise i can make, and the only pledge i will sign. The only one that matters. If you make me president , i will fight each day harder than i fought the day before to keep this country safe, prosperous, and as good as the people who made it great. I humbly ask for your support and your vote. I will work every day to make you proud. God bless. [applause] former rhode island senator and governor Lincoln Chafee has been a republican, an independent, and is now a democrat. He announced his president ial bid in arlington, virginia on june 3. This is almost an hour. This is the beginning of a Speaker Series we have called politics people and issues. Tomorrow morning, former senator jim west will be here at 10 30. I dont know if hell be making any significant announcements, but he will be talking about some important policy issues. S
For whether it was though valid to looking at increased revenues. Worked with my staff and i think she said a few weeks ago that she really liked working with hydra so i told [inaudible] and quite frankly they did. I am delighted that supervisor kim has been working closely with hydra on this working group that represented aft, the federation of teachers as well as the chancellor, chancellor lamb and the board of trustees and of course as i mentioned earlier the supervisors [inaudible] who really wanted to see something happen in the city. Something bold, visionary, and we have done so with the collaboration that we have. Let me tell you, when [inaudible] works together we can accomplish great things. We are going to need that spirit as we face challenges on the regional front, certainly, on the national front. But this is one thing that we do well when we come together is we work for each other and we do bold things. Let me harking you back to a time when Community Colleges were estab