The fed was very accommodative, and we started to build a housing bubble which we burst in 2008, and now i think arguably in 2013 we may have created or at least started to create another equity bubble that in some areas, perhaps many some real estate markets, is also turning into a bubble. New york city, toronto, we were talking about this at lunch, other urban centers, especially those attractive to foreign buyers are seeing very rapid increases whereas in more rural areas thats not happening. So how do we, how do we respond to this, and what does this tell us about the future . One of the things thats emerged here is that the financial and real estate markets have in the United States and perhaps elsewhere have developed a kind of uncomfortable codependence with the central bank. That is, if markets, especially lets say equity markets in the last several years, are very resilient in the face of threats. We saw this in recent weeks where all the armwringing, handwringing and talk abo
On behalf of our member companies. Our agenda looks a little different from what you all expected. We had a little lastminute change. Jennifer cannot be with us. She is in the premises. Her luggage is not. She sends her apologies. She would have provided a stellar update on what is going on in illinois. We wish her well. With that, i am going to turn it over it to representative greg cromer who will kick us off. Thank you. It is good to be with you folks this morning. Greetings from the state of louisiana. Home of the new Orleans Saints and health cooperative. Thats a cheap plug but i had to do it. A little history. I was in the Space Business for 31 years building tanks. Then, working with the boeing corp. Big, big rocket. Ive been elected to legislature for six years. I was brought an opportunity to change career paths at age 55. We are a nonprofit Government Insurance company. The newest in the state of louisiana. Some of you may question the wisdom of that choice or decision to go
Wings. Woodruff and its friday mark shields and david brooks are here to analyze the weeks news. Those are just some of the stories were covering on tonights pbs newshour. Major funding for the pbs newshour has been provided by charles schwab, proud supporter of the pbs newshour. And by bnsf railway. And with the ongoing support of these institutions and foundations. And friends of the newshour. This program was made possible by the corporation for public broadcasting. And by contributions to your pbs station from viewers like you. Thank you. Woodruff president obama formally nominated his choice today to be the next u. S. Secretary of health and Human Services. And he praised the woman whos held the job for five years, during the battle over health care reform. Kathleen will go down in history for serving as the secretary of health and Human Services when the United States of america finally declared that Quality Affordable Health Care is not a privilege, but it is a right for every s
Wings. Woodruff and its friday mark shields and david brooks are here to analyze the weeks news. Those are just some of the stories were covering on tonights pbs newshour. Major funding for the pbs newshour has been provided by charles schwab, proud supporter of the pbs newshour. And by bnsf railway. And with the ongoing support of these institutions and foundations. And friends of the newshour. This program was made possible by the corporation for public broadcasting. And by contributions to your pbs station from viewers like you. Thank you. Woodruff president obama formally nominated his choice today to be the next u. S. Secretary of health and Human Services. And he praised the woman whos held the job for five years, during the battle over health care reform. Kathleen will go down in history for serving as the secretary of health and Human Services when the United States of america finally declared that Quality Affordable Health Care is not a privilege, but it is a right for every s
Warning saying for some time that this National Crisis will get worse before it gets better. As he says his administration is in the process of developing a strategy. 26 states, however, remain in a situation where cases are rising. A new warning from the cdc that this crisis is even worse than the the data show, the agency says portions of the u. S. Could really have had ten times as many cases as previously believed. Also new this warning, a warning for the fall. A top commercial testing lab is sounding the alarm that the u. S. Labs, their lab will not be able to cope with the testing surge during flu season. Theres a lot to get to this hour. Lets get to our john harwood. He joins us from the white house. Good morning, john. Talk about the new strategy from the white house. Its great to hear the president saying the truth about it will get worse before it gets better, but its a total 180. Its a total 180, poppy that was driven by the president s political standing. Hes tried very har