Places where the first president lived and worked. This is just under an hour. Our member of the society here at mount vernon. In september 1751, George Washington ordered a ship for his Brother Lawrence traveling to barbados. Arriving on november 2. As he traveled to barbados, he kept a detailed diary, which survives in the library of congress. And partnership with the university of virginia press, a new addition will be released of this journal. Readers will find it an excellent example of insight into a lost world. The Mount Vernon Ladies Association has been a leading supporter of efforts to transcribe and annotate all the papers of George Washington. The opening of the library in 2013, support for more scholarship was increased around the life and legacy of George Washington. This included support for the washington family papers, an effort to transcribe and annotate the papers of Martha Washington as well as George Washingtons parents, his relations, and the inheritor of mount ve
Look at the green arrows back this morning, even though the government could potentially be shut down. S p futures up by 4. 5. The nasdaq up by 19. Well talk more about that potential Government Shutdown in a bit. Overnight in asia, the nikkei higher. Up 0. 2 . Hang seng up by 0. 4. So was the shanghai in china in europe, at least right now green arrows across the board. Biggest gainer of the major averages is the dax, which is up by almost 0. 9 percent. The tenyear yield hitting 2. 64 yesterday. Thats the highest level since september of 2014. Again, concerns about the Government Shutdown really pushing things well see what happens to the tenyear when and if a budget deal is found. Right now it looks like its setting in at 2. 63 . Some big headlines this morning. Ibm returning to Revenue Growth for the first time in five years. Shares are down. Theres weaker than expected guidance overshadowing that news the company beating on the top and bottom lines but took a charge of 5. 5 billion
Please take your seats. Im delighted to introduce todays luncheon speaker keith hall. We are extremely pleased that keith is willing to take time out of his demanding schedule to join us today. As you know, keith is currently the director of the Congressional Budget Office. All of us recognize that the Congressional Budget Office has a vital role to play providing congress with expert unbiased analysis on the impact of legislation. Charged with the challenging task of scoring complex bills on health care, taxes and many other policy issues, often under tight time frames, the cbo has a wellearned reputation for objectivity and professionalism. Running the cbo takes a great many stills including leading a diverse team of analysts and meeting Rigorous Research standards and unvarnished to lawmakers on both sides of the aisle. Fortunately, keith hall is ideally suited to such a role. One of the most experienced government economists and Public Servants youll ever meet with more than 25 yea
But analysis conducted by researchers and embraced by policymakers remains essential in designing the policy response so we shouldnt be overcome by the mistrust that failures may produce. Second, the policy response that has its foundation in Rigorous Research is less prone to being impaired by political compromise and easier to explain to the general public third, the facts change, i change my mind what do you do, sir . For policymakers, i like this. But for policymakers, its not thr a change in facts deserves a policy response or, as we say, we should look through it fourth, we had the world changes as it did ten years ago, policies, especially Monetary Policy, needs to be adjusted thats obvious for most people, but not everybody. Such an adjustment is never easy requires an unprejudiced, honest assessment of the new realities with clear eyes unincouple be d unincouple bered by proevious paradigms. Our mainstream economic models have little to say about the shocks, the distributional
Education people think, of course we have bridges and education that are both Human Capital. This is about, well maybe some of the things that we think of as just spending to help people out, you know, maybe if they go to low income families they actually might have quite powerful effects on the future. Thats what we will explore here. This is thinking about trances to low income families and what impact they might have and what does the research say about the impact they have on future Living Standards on growth. So we will invite kristin to come up. Thank you. Hello. Im kristin butcher. I tal talk about the assessment of transfer to longterm family hes. We are used to thinking of infrastructure in research or where there are upfront kofrt. Theres a nice picture of the big dig from my neck of the woods in boston. Looks costly. But maybe in terms of capacity or helping workers to get to their jobs and goods to get to market, theres a picture of it looking a lot more productive capacity