All right. Good afternoon. Im governor john hicken looper, the chair of the ngas economic and commerce committee. Its my pleasure to host todays closing plenary session. I want to thank all the governors for joining us. Making time on your agenda. This is i think going to be an exciting session. So lets get started. States continue to be the incubators of innovation and innovative policy. And no place is that more true than policies that states are pursuing to prepare for the nations transportation networks. As new and Innovative Technologies truly revolutionize this sector, and as we see change occurring at an amazing rate, governors are reshaping how states consider Infrastructure Investments. This afternoon were going to examine the challenges and opportunities for states as Innovative Technology becomes an integral part of our nations infrastructure. And im hoping that this conversations going to provide a chance to examine policy solutions spurring the safe transition and implemen
All right. Good afternoon. Im governor john hicken looper, the chair of the ngas economic and commerce committee. Its my pleasure to host todays closing plenary session. I want to thank all the governors for joining us. Making time on your agenda. This is i think going to be an exciting session. So lets get started. States continue to be the incubators of innovation and innovative policy. And no place is that more true than policies that states are pursuing to prepare for the nations transportation networks. As new and Innovative Technologies truly revolutionize this sector, and as we see change occurring at an amazing rate, governors are reshaping how states consider Infrastructure Investments. This afternoon were going to examine the challenges and opportunities for states as Innovative Technology becomes an integral part of our nations infrastructure. And im hoping that this conversations going to provide a chance to examine policy solutions spurring the safe transition and implemen
Stock market is overvalued. Normalization leads to a correction in the stock market in the United States without actually having any notable crossborder liabilities. Even though starting from that is a growing nonbank to nonbank transactions. So why is this a problem . Korea is one of the six countries that is part of advanced economies identified by the financial openness index is having open current accounts but does not have a convertible currency. Thats a problem. Relatively large relatively advanced Financial Market opened but does not have the current account surplus. The one is not internationalize it all. We have to rely hundred percent on the reserves in the Exchange Rate. And given the magnitude of the amount of capitol flow or stock changes ive just shown you once they shift in sentiment you essentially have. Even during the Global Financial crisis the ims if i remember correctly were saying that the career reserves was too high the fundamentals. And if found painfully for t
Are right good, i will leave. [laughter] anybody have a question . Of course, have to get funding somehow from the paul ryan ways and Means Committee but as a know from past experience with shuster at the helm riding shotgun good things can happen. Also for the record for the 10 billion he got back and he was secretary that is the great airport with 100 million for that one. But we want to move right along first average just like to get each member of the panel to be recognized. First of all, of the president and ceo and regina who was president and ceo of the society of america. And the congressman from utah the knowledge of his house on a lot of good things including trade in then we have Michael Lewis president and ceo of the deputy secretary of transportation got a few things going but then allowed him a to ease out with the panel. But i think the timing is significant as a leadership in the senate with the infrastructure funding we need to do what is necessary with though whole pa