The idea in larrys revival of stagnation is that because Going Forward the returns to capital and Consumer Spending are likely to be weaker than theyve been in the past, that the real Interest Rate that is needed to provide full employment could be very, very low. And there are a lot of reasons as we see very low Interest Rates, and he talked about in his remarks to the association of business economics a number of reasons why the demand for capital and the demand for Consumer Spending might be unusually low Going Forward and the same ones that, essentially, you need very low Interest Rates to get the economy up to full employment. Slower growth both from population and and also from possibly slower technical change, also he notes and i think this is an interesting point that if you look at new Industries Like facebook on the one hand versus the industries that were dominant in the 50s and 60s like steel making obviously, facebook and Similar Companies have much smaller needs for capit
Rather than supporting growth and i argued as chairman during that time that shortterm fiscal policy ought to be more attentive to the needs of recovery those concerned about fiscal sustainability should be in no long term framework but that fiscal policy of though whole ethic is even more of a burden on the fed to keep Interest Rates low to full employment you will get your answer. [laughter] but i could give fate fiscal recommendation. [laughter] fed is not beyond my scope. Can you talk about what to reduce the global imbalance to weaken the currency . What leverage and with those currency levels so for the following reason no chance it will be excepted. Oldfield the economists can tell the difference with the Exchange Rate and Monetary Policy have not sure a technical legal document could do that. And i dont think theres anything wrong with Monetary Policy. With the given economy even with the Exchange Rate. The with the perspective of the trade partners the exchangerate movements i
At the application stage you dont have to report your criminal record anymore, you remove the question but employers can ask about it later in the hiring process. The whole challenge this is not specific to folks with records, its specific to a lot of people who are unemployed, getting your foot in the door is a huge problem. There are online tracking applications, makes it almost impossible to establish who you are as a person as opposed to your record or you are unemployed for year, whatever it is. Whats the duty is been the box it breaks through that and you have the chance to demonstrate you are as an individual beyond your criminal record. We have 14 states that have enacted these fair chance hiring reforms, over 100 cities and counties but about 60 f. And its a just and the past two years. So theres a lot of movement in that area. You might not get the job if you have become a record or conviction, but at least you cant get thrown out of the initial screening. Exactly exactly. So
Testimony. Theyre aware of and theyve been, you know, the deputy secretary has been working on. So i think that works well, and we also try to meet regularly with other Senior Leaders in the department as well, so that relationship is important. You need that good working rels ship, because we cant force them to comply with working relationships. In terms of operationally, you know i would say that the secure the implementation of the the recommendations is something that has been a department. But its something were working on now and monitoring. Its one of the bigger issues. I really think that theyre they need to step up their oversight of contracts and grants. So i would say that is probably extremely important priority. And the it infrastructure. After all weve heard about hacking in the news and so forth. This is a very serious issue. Theres a lot of Sensitive Information on the networks. And we need to make sure the Information Security system is protected. To me, those are the
Haener. And im frank somerville. Workers say that talks have broken down and theyre going on strike. Jana katsuyama is live where shes been getting an ear full. Reporter thats right frank, and you know they were here overnight and talked for three hours straight but now it appears theres no one left in the building and the federal mediator came out earlier this afternoon and told us theres nothing more he could do. About 2 00 p. M. George kohen who succeeded in the nfl and n ba said he failed to bring b. A. R. T. And its workers together. What we tried to do at this point in time was not successful. Reporter both sides came out to talk. Both unions said that the Sticking Point was b. A. R. T. s request to change work rules. At the last minute they threw in a management clause to take away our rights as workers. We have proposed through the general manager that we move all the remaining unresolved issues to an interest arbitration. Reporter but cunniham says that the workers wanted regu