Lifetime job so that we wouldnt feel pressure to do a decision based on Public Opinion from fear that somehow we will be driven from our work. And so were not thinking about Public Opinion in terms of reaching the answer that we believe the law compels. Every year, if you read our most sensitive decisions, you will see us recognizing the impact those decisions might have on people. In every sensitive opinion the court is very aware when one of its decisions is going to be particularly difficult for some people in the society. Its recognized in our writing. But we do take pride on the fact that we are voting according to what we think the constitution or the laws require. That means that we can be aware of what the effect will be. We can even acknowledge it. But thats a different thing from letting it determine the outcome of a decision. [ applause ] now, would the students please not leave . Im coming down now. I would like to take a picture with the students who are here because they
Geopolitical events, and i wanted to hear a bit more about the impact of politics here in the United States. This is an election year. What effect, what impact that will have on the economy . Because there was quite a lot of economics in the presentation. I understood most of it but, i mean, part of it not most of it. Im not an economist. But i wanted to understand the impact of the politics on the economy. So im now in my fifth year. Im one day, frankly, into my fifth day at the fed. So this will be my third election cycle and i can say that politics plays absolutely no role whatsoever in our deliberations or in our decision. So we you know, the focus inside the fed is very much not partisan politics or elections. Its very much economic fundamentals, so it can be very jarring to emerge from the fed and talk to people who think of politics think of economics in political terms, which i referred to earlier. Honestly, it has no effect. You know, we announced a quantitative use program in
Cleaned our air and water, past the security and medicare passed Social Security and medicare. None of these changes happen overnight. It was not because a charismatic leader got everybody to agree on everything. It did not happen because of a massive political revolution. Actually happened over the course of years, of advocacy, and organizing. And alliance building. And dealmaking. And the changing of public opinion. It happened because ordinary americans who cared participated in the political process. [applause] so [applause] thats nice, i helped. [laughter] look, if you want to change this country for the better, you better start participating. I will give you an example on a lot of peoples minds, the growing inequality in our economy. Over much of the last century, we have unleashed the strongest economic engine the world has ever seen, but over the past two decades our economy has become more and more unequal. The top 10 of earners taken half of all income in the u. S. Ceo made 2
Foreign minister has cancelled a trip to turkey and urged other russians to refrain from traveling to the country turkish president defended the shooting. He argued the russian pilots ignored warnings and stayed in turkish air space and criticized russia for conducting air strikes near the border. He said the areas in question are inhabited by people who have nothing to do with Islamic State militants. The american and french president s are urging russia and turkey to avoid any escalation of the situation. The two leaders met in washington on tuesday. After the meeting they cautioned against further conflict. Turkey like every country has a right to defend the territory and air space. I think that its very important right now for us to make sure that both the russians and the turks are talking to each other and find out what exactly happened, and take measures to discourage any kind of escalation. Obama said this russia is only claiming to defeat in syria. Instead its attacking the mo
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