Newspapers and see iing this wi respect to the u. S. Firms, the mortgage problems, libor, forex issues. You cant just been telling yourself a few bad apples. Theres something about the structure of incentives and expectations within firms that needs to be addressed and i think a lot of boards and management know it needs to be b addressed, but this is almost surely the classic case of needing to take some changes that in some instances, are not going to manifest themselves immediately. Thank you so much for coming on a rainy saturday morning. Thanks, tim. And president obamas in china today and announce tad u. S. And china would begin granting visas to each others citizens that would be value itd for up to ten years. P president arrived in beijing today and is also pursuing a trade pact. This is part of a week long foreign trip for the trip. Hell meet wednesday with the chinese president. On thursday and friday, hell been b in myanmar and the trip will wrap up in australia for the g20
Efforts to prevent money laundering. The Kato Institute recently hosted a discussion on whether the Obama Administration overreached in extending tax credits and subsidies for the circuit courts are currently split with the d. C. Security ruling that federal subsidies are only available in Health Care Exchanges established by the state. Meanwhile the Fourth Circuit court of appeals were permissible at the discretion of the irs. This is two hours. I am david bose, im the executive Vice President of the Cato Institute, i know there are more people who are going to be coming in, but were going to go ahead and get started and try and stay on time today. The subject for our Conference Today is this, in a democracy, under the rule of law, does the executive branch of government have the power to implement laws the way the president would prefer they had been written, or is the executive bound by the law the same way you and i are. The four lawsuits were talking about today involve the Patien
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