That the recovery will be as strong as possible and to limit lasting damage to the economy. In recent months Economic Activity picked up as the economy began to rope. Many businesses opened their doors. Factories restarted production and many left their homes to engage in various activities. As a result Household Spending looks to have recovered about half of its earlier decline although spending for services such as air travel and hotels has shown much less of a pickup he recovery in Household Spending owes to benefits which provided substantial and timely support to household incomes. In contrast, indicators of businessfixeded investment have yet to show a recovery. Even with the improved Economic News in may and june, overall activity remains well below its level before the pandemic. The contraction in g. D. P. Will likely be the largest on record. The labor market has followed a similar pattern. After drops in march and april, employment rose strongly in may an june as many returne
Interest rates, remains unchanged for the recent rise in covid19 cases. This runs an hour. The pandemic continues to cause tremendous human and Economic Hardship in the United States and around the world. The most important response to this Public Health crisis has come from our healthcare workers and remaining grateful to them and many other essential workers for putting themselves at risk day after day in service to others and our country. All of us have a role to play in our nations responsibility to the pandemic. The Federal Reserve remains committed for using tools to do what we can to do as long as it takes to relieve stability and be as strong as possible. And lasting damage to the economy. In recent months Economic Activity picked up as the economy began to reopen. Many businesses opened their doors, restarted production and more people left their homes to engage in various activities which as a result Household Spending looks to have recovered half of its earlier decline, like
Welcome to the 2020 georgia legislative policy forum. I am the president and ceo of the georgia Public Policy foundation. On behalf of our entire staff in the board of trustees, we are very glad you joined us. If you have attended this event in the past, you are well aware this years edition is quite different. Weve had to adapt to different circumstances. To this yearseme event, wisdom, justice, adaptation. Is theeve adaptation right focus for this years session. Oday is only the Opening Event over the next several weeks, we will be back here on tuesdays at 11 00 a. M. To explore the ways georgias businesses, families, and environment are adapting to a changing world. We will cover education, the budget, land use and transportation, the economy, housing, and health care. Panels ofciting experts lined up for each of them. We hope you will be able to join us for as many of those as you can. We are grateful to be joined on this journey by some key sponsors, without which our work with no
In fact the theme for this years event, wisdom, justice and adaptation. As you probably know, thats the states motto and adaptation is the right focus for this your session. And speaking of the sessions, today is the opening event. Over the next several weeks, we will be back here on tuesdays at 11 00 a. M. To explore the ways of georgia, families, businesses and the government are adapting to a changed world. It will cover the following areas. Education, budget, land use and transportation, the economy, housing and healthcare. In exciting panels of experts lined up for each of them and we hope youll be able to join us for as of those as you can. More grateful to be joined by some key sponsors without which homework cannot be possible. They are our presenting sponsor, and our platinum sponsors, flaws and Family Foundation and verizon breed we think each of them of the support of this event. Or please to have been able to offer an outstanding lineup of speakers to you are audience at no
Dramatically access to users on internet virtually any gist that wants to be found on the web must pay google a tax. With that i recognize the Ranking Member of the subcommittee, mr. Sensenbrenner. For first round of questions. Thank you, mr. Chairman. Ive been in congress 42 years. That is coming to an end at the end of this year. Im breathing a sigh of relief. During that period of time, during decade of 90s and 00s, i was involved as chairman of the Science Committee and chairman of this committee and trying to make the net universal, open it up to everybody and one of the, one of the theses that we used that the net should end up becoming basically the debate on issues, not only in our country but throughout the world and in exchange for that this committee and the Congress Gave Internet Service providers immunity so if somebody said something defamatory in what they posted. Isps could not be a part of a lawsuit for defamation. After hearing mr. Jordan, you know, a long line of cen