Because of that, its a particularly good point in this course to talk about a big issue that goes throughout the civil war that we need to look at a e antebellum. The question is the United States constitution. One thing historians have been asking for generations about the constitution and the civil war area, a basic question is to what degree did the constitution shape the civil war area . What to what degree did it make political actors do certain things . Constrain them. Or guide their actions. On the flip side to what degree did the civil war era shape the constitution . Some of this is very clear in the 13th, 14th and 15th amendments. Changed the constitution. Also different views of the constitution. One of the things that people have looked at in looking back at the u. S. Constitution during the civil war era is how president s have interacted with the constitution. Have they followed it . Have they tried to defend it . Have they abridged the constitution . This shapes how many
Pulled that into this. Treasury, we want treasury to be able to have the cash that it needs and we are essentially taking that to our work. There may come a time when we talk about that. I think we are more focused, frankly, on the bill purchases the year end and review of supervisory and regulatory issues that were digging into and we think these are structural things, right just allow the liquidity that is already there to flow more freely perhaps by making fairly straightforward noncontroversial changes. We think there is some of that if they take role changes, it will take three months and things like that these things that were working on now, like going through year end with the overnight facilities and the bill purchases and the term repo, those are things we have to do right now and are doing. Chris hi. I wanted to ask the only change in the statement was a drop in the reference to uncertainties around the economy you seem very confident or it implies theres a lot of confidence
The fed gave us what we wanted, the market implodes. Dow plunging 334 points, s p plummeting and nasdaq 1. 19 down honestly, there was Nothing Shocking about fed chief jay powells statement but people dont understand how the game is played its insurance and not the start of the easing cycle. That upset everyone hoping there would be a lot of rate cuts galore including those betting the dollar would decline the fed is supposed to be cage gee about this remember the last time powell told us the longterm plans in october, the stock market crashed. Promising a series of rate hikes was a big mistake. Hes not going to make the same mistake here by promising a series of rate cuts. Hes not stupid. Of course, President Trump piled on how powell let us down. You can say that trump let us down by firing yellen who is much closer to trump and putting powell in, and enough powell bashing for heavens sakes hes on the case as there is plenty of evidence, positive news enough to befuddle some fed watc
Of time warner by at t. Time warner is the Parent Company of the Cable News Network cnn, which has been the target of continual criticism by president donald trump. Regulatory concerns around the deal have ramped up in recent months and now the Usjustice Department is filing a lawsuit to block the merger, saying it violates rules governing fair competition. Samira hussain reports from new york. This is a deal that has always made sense for the two companies. At t is one of americas leaving more telecom operators. Owning the news and Entertainment Properties of time warner would give it a big competitive advantage. Based on president , like com casts takeover of nbc which went through in 2010, this at t merge and looked like it would be accepted by regulators. As 0011 would be accepted by regulators. As 50011 as would be accepted by regulators. As soon as it was announced in 2016, then president ial candidate donald trump made it clear that he did not like it. Mrtrump trump made it clea
In global news, business and sport. And you can be part of the conversation. Our talking point today should police show mercy towards bad drivers . Pope francis says they should try to understand the motives of drivers who break the rules. Tell us what you think just use the hashtag bbcthebriefing. The german chancellor, angela merkel, is facing a major challenge to stay in power following the collapse of Coalition Talks with the green party and free democrats. She has already stated she doesnt want to lead a minority government, and the main opposition sdp say they dont want to share power with her cdu party. That leaves the prospect of a fresh election, as andrew plant reports. After 12 years of stability there is uncertainty in germany. At stake, Angela Merkels place at the forefront of european politics. Translation resigning was never an option. I have always said i am ready to serve germany for another quarter years. This coalition failed in its negotiating talks but that does no