The early billings were not propitious. During the very first days, the japanese would occupy singapore, they would defeat they would occupy the philippines, they needed that of oil to continue the war. The occupy these areas. By the same token, the americans were not only defeated by the japanese, but in many ways humiliated by the japanese. 76,000 permit prisoners, about 11,000 of them were americans. The way in which they were treated was nothing less than brutal. This was the real thing. The japanese be headed many of them. Many of those american soldiers and the filipinos died of starvation. This was war in its worst form. The americans are not going to forget that. Theyre going to pay the japanese back. The war and the pacific was a racial war. It became a racial war. The japanese mr. Did the americans and the americans, in turn, returned the favor. This weekend, world war ii, saturday night at 8 00 and midnight eastern on cspan3. I like the coverage because it is diversified. It
Millions of jobs as corp. S try to cut back and regain their debt to equity ratio. And refused to sign longterm leases. And without an anchor tenant with longterm lease, you cant build a project. I wont ask a question except to take a look at this and perhaps even it will affect your Economic Projections on the downside and then in your role as the bank regulator, realize there are going to be hundreds of thousands of companies who for no fault of their own are in violation of the covenants they sign with their banks and the pressure will be from your bureaucrats to call those loans because they are in violation. Perhaps both looking up at the Macro Economic side and Bank Regulatory side can focus on that. You say that savings exceed the band for investment capital. I disagree with you a little bit on that. Exceeds effected demand. We are here, i will deal with Small Businesses. They cant necessarily knock on your door. They will not on our door whether we want them to or not. American
The job creations . Chair, yellen, i dont think your microphone is on. Can you see if its on, and if it is, please pull it closer to you. I apologize. I think certainly regulation has an impact on the economy, on Economic Growth. And there are many economic studies that have tried to document what it is. I think in the case of the Affordable Care act, cbo has done important analysis and probably will continue to look at it, i think theyve recognized that the impact of the act is likely to be come flex. I think theyre still attempting to figure out what all of the different channels are by which it will affect the economy, and, you know, well look at that and try to look at their assessments Going Forward. You know, we had to pass it to find out what was in it. And so now thats all coming together. Has the fed done any estimates on how many jobs the implementation of the doddfrank and the effect of the obama administrations regulatory policies are expected to cause the economy, or is it
Participation is structural and not cyclical. Are moving tors older ages where there is a dramatic dropoff in labor force participation. An aging population. We should expect to see a decline in labor force participation. As you noted, that has been going on for some time. Thats no doubt in my mind in an portioned important portion is structural. I am may also be and inclined to believe there are cyclical factors at work. The decline has a structural component and also a cyclical component. Theres no surefire way to separate that declined into those two components. But we are seeing declining participation also amongst prime younger people. It seems to me based on the evidence i have seen that some portion of that reflects discouragement about job opportunities. But there is no Clear Scientific to say exactlynt what fraction of that is cyclical. The chair recognizes the lady from new york, for five minutes. I would like to begin by congratulating you, cherry ellen. Len. Hair yel in the
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