germany had an "economic miracle." we were investing abroad and also demanding more and more foreign imports. the new situation looked like this. there was now an excess of dollars supplied in relation to the demand for dollars at the official exchange rate. we had a dollar glut and, in fact a series of dollar crises. possibly, some solution might have been worked out under the general terms of the bretton woods agreement but it would have likely been too painful domestically to apply, particularly when another much simpler path beckoned us, a path that had the advantage -- some would say disadvantage -- of being recommended by many highly respected economists. let the exchange rate be determined by supply and demand, let it fluctuate, let it float! why not? why not, indeed? for 40 years the dollar was dominant as it floated against each of the european currencies. the dollar would rise and fall vis-a-vis foreign currcies based on respective growth rates, inflation, interest rates, and investment opportunities. then, a

sandberg: tim, economic outlook? geithner: it is worth noting that none of us really know anything about it or, -- about the future, and we certainly do not know anything about how economies perform over the long run. we live in a messy dark, scary, uncertain world. but i think the economy is -- [laughter] sandberg: but that said -- was that a scary, uncertain world? geithner: that is the normal state of mankind. it is sad to admit, but it is true. in that context, i think the u.s. is gradually getting -- sandberg: slightly less dark and scary. geithner: we are a resilient country. and i think a much stronger country than any other major economy. and if you look at the challenges we face as a country, they are pretty stark challenges, and our politics are terrible. but i think you would rather have our challenges than the challenges that any developed economy, and i think any major in marketing -- emerging economy around the world. sandberg: when you think about where we are -- where was it messy, scary dark? or a co

i did my ph.d in economics on that. and she takes on every single one of the nobel papers, it's not capital accumulation north human couldal science, r & d the industrial revolution, and she dates every single one of these variables and she concludes that the ultimate cause, the biggest cause of runaway economic growth is 1800 when our culture changed the moral language so we started to call the business person morally good and that is a lot for the days. k to 12 education week neutral at best on that proposition. that do we say about business, morally good or problematic or corrupt? in higher ed, i'm afraid to say the answer too often is business is morally bad. a lot of history had that feeling or belief, and if that is your proposition don't expect a lot of growth. and so i think we need to do a little work at examining that and getting back on track and saying hey how do we make business morally good? and paying attention to that proposition. kids in the inner cities right now, lower income folks and their only hope

therefore economic linkages and benefiting china and the world but economic linkages throughout asia. and those economic linkages trade and investment they believe it helps the economic and national security info in. and then i take a step further. the reason this is important to national security is national security starts with economic security and i don't think china, as we talk about later is a formidable competitor and we want the competition to be healthy. it is something we should welcome them. lastly about trade deals. people debate trade. there are negatives and positives to trade, but the positives far outweigh the negatives. how could we be successfusuccessfu l at 4% of the worlds population they don't go out and do as much business as possible. you can't be successful. what i argue is a no-brainer. i think those who are wrong should want a deal like this because our market there are be open. we are to have the trade and globalization. this gives us greater access to other markets in tpp because it's focused on asia and it's important we continue to be strong economically

in 2014, outdoor events generated 1.1 billion dollars in economic impacts. and drew, 3.3 million dollars attendance whose spending supported 9300 private sector jobs. and of the 3.3 million event goers, 58 percent came from out of town and 85 percent of those out of towner came in to san francisco specifically for the event. and in other words, 1.6 million people traveled to san francisco specifically to attend an outdoor event, whether it was massive event like san francisco pride, or the chinese new year's parade, or the blue grass or smaller neighborhood events like union street festival, many of these events are free and low cost and treasured by visitor and san francisco residents as well. these events contribute greatly to life in san francisco and we must continue to find ways to support them. the report shows not only the economic and cultural impact of the events, but revealed the diversity of the outdoor events throughout the city. >> 79 event with over 5,000 attendties representing a variety of offerings, however, as you will also hear the colleag

in those economic linkages in trade and investment dvd that helps their economic and national security influence so then i take it a step further the reason this is important to the national security is that it starts with economic security and i don't think china is a formidable competitor or partner in a lot of areas and we want the competition to be healthy and we should shrink from that competition. it's something we should welcome. last trade people, they are negatives and positives but i think that it far outweighs the negatives. we've been a huge beneficiary. if -- how do we continue to be successful if we go out and attempt to do as much business as possible you can't put a wall around it and be successful. what i argue, which to me is a no-brainer even those that disagree with me on trade generally who i think are wrong should want a deal like this because the markets are already open. this gives greater access and it's focused on asia and i think it's important that we continue to be strong economically. some felt it was more talk than action. this has been policy for a long

so first, what is the most interesting economic thinkers? tell me about your relationship and why it was such a pivotal character. >> that is a great question andrea because the first chapter is a meeting. the reason i have so much respect is he was a pioneer and in terms of driving reforms and they are never easy and they made difficult tough decisions. and there is great resistance to change. the first tory i tell is about china telecom. the first major ipo restructuring that china and did. when i worked with goldman sachs and the germans on deutsche telekom that is between six or eight years. when they want to act they move quickly in it was done in six months. it was extraordinary but it was of vehicle he was a master all these transactions lead to the bigger picture iran would use those to open china to more competition just like he used the succession with the wto. >> reminds me with my first trip to new china. to go into red china and then after a stop in shanghai we had a stop in alaska and ronald reagan tells me about the so-called

arthur is the former economic advisor to ronald regan, and is the father of supply side economics and has been meeting with several republican presidential hopefuls, including jed bush, ted cruz and scott walker and joins me from nashville, he is a good friend to the show. it's a pleasure to see you. you are the guy that says cutting tax rates for the top earners will ignite faster economic growth. here is the thing. i'm not arguing with you. i want to ask you how you square that with what is going on. since you square that with ronald reagan, the gap widened. the federal reserve, i.m.f., income equality say that's one of the threats faced. why is that not working. >> the story you told about the person, the sad story about the shop and not having it work out. that is the example of what the anti-supply side economics does under obama and w. it was w and obama, who destroyed the economy, and frankly what we need to do is re-establish economic growth, and do it through kennedy, regan economics, and through clinton economics, whatever you want to call it. tax rate reductions, creating e

we'll examine that question with the help of economic analyst richard gill on this edition of economics usa. i'm david schoumacher. we can all enjoy the benefitsof public services such as museums, schools, and highways, but they have to be paid for. they are, usually in the form of taxes. why must the government provide these services? why can't we rely instead on the free market? it's aontroversial question, as we see in the case of private utilities versus the tva. the great mississippi flood of 1927 left 800,000 homeless. swelling waters overran levees throughout the tennessee river and into the mississippi turning northern louisiana into an inland sea. secretary of commerce herbert hoover called the flood the greatest peacetime calamity in the history of the country. the disaster was predictable. the mississippi had flooded before. local authorities attempted to pvide flood control but with uneven efforts. the levee systemis only as strong as its weakest link. the building of dams could have prevented the flood. some legislators wanted to use federal funds. but they faced tough oppo

in 2014, outdoor events generated 1.1 billion dollars in economic impacts. and drew, 3.3 million dollars attendance whose spending supported 9300 private sector jobs. and of the 3.3 million event goers, 58 percent came from out of town and 85 percent of those out of towners said that they came in to san francisco specifically for the event. and in other words, 1.6 million people traveled to san francisco specifically to attend an outdoor event, whether it was massive event like san francisco pride, or the chinese new year's parade, or the blue grass or smaller neighborhood events like union street festival, many of these events are free and low cost and treasured by visitor and san francisco residents as well. these events contribute greatly to life in san francisco and we must continue to find ways to support them. the report shows not only the economic and cultural impact of the events, but revealed the diversity of the outdoor events throughout the city. >> 79 event with over 5,000 attendties representing a variety of offerings, however, as you will also

he gave us a model of economic growth. we asked economic analyst richard gill to discuss factors that contribute to increased productivity. we have heard the slogan "there's a ford in youfuture." there was a prominent ford in our past. henry ford gave us a lesson on the factors that make for economic growth. he showed us that in many industries bigger can be better. he took advantage of the rapidly growing american market to exploit what economists call economies of scale. as he increased production his average costs per car fell enabling him to lower the price and expand production. secondly, he increased labor productivity by expanding the amount of machinery, plant, and equipment each laborer used. this was an increase in the capital/labor ratio. it was exemplified by those cranes, chains, and drilling machines that his workers used. thirdly, he did everything in new ways. he paid his workers more and designed a different product. he introduced a novel method of production-- the assembly line. he was, according to the g

i therefore expect the economic data to strengthen. all that said, the headwinds facing our economy have not fully updated and as such, i expect a continued growth in employment output will be moderate over the remainder of the year and beyond. despite the recovery i noted in home prices and a greater number of home sales, residential construction activity remains quite low. i mentioned the ongoing issues with mortgage credit, but more generally, many years of a weak job market and slow wage gains seem to have induced many people to double up on housing. and many young adults continue to live with their parents. population growth is creating any of for more housing whether to rent or to own. the continuing job and wage gains will encourage more people to form new households. in theless, activity housing sector is likely to improve only gradually. the pace of business investments has also been only modest during this recovery. and some of the reasons might persist it will -- and while longer. businesses seem not to have had confidence i

it is called scapegoat economics. it is a strategy for politicians to hold onto their votes to get enough to keep power by playing different parts of the collapsing economy against one another and that is what mr. cameron was doing, and he did it well. of course, he had to have the cooperation of a 37% that went for that, and now hope to be protected if she can deliver on the promise that he made, just -- if he can deliver on the promise that he made, just like mr. walker has to deliver that to the private sector of wisconsin at the cost of savaging the school teachers the firefighters, the clerk's, the social workers, and everybody else that works for the state of wisconsin, which has a large public sector. second election -- the good news. alberta, canada -- and while, was that good news. alberta, canada, has been governed by the conservative party in canada. the conservative party in canada cannot call itself the conservative party. apparently that would be death. they have solved the party linguistically. it is ca

he said it would be president obama's economic record. listen. >> right now what we're fighting against obviously are the policies that this president years has put in place that i think have resulted in actually eyeironically enough growing north carolina incomeinequality in this country. a lack of growth -- it's been exacerbated. we need to have a growing economy that is growing at a much faster rate now. we need reforms of education, we need to reform our public schools and higher education. when i look at the debate going on in the republican party today and the nomination contests i see a lot of ideas that i think will be very resonant with american voters across the spectrum and in traditionally nonrepublican voting segments. >> what is the methodology, you have had advantages, you have been head of the republican party, you have been a candidate, you have run for office. you also understand there is a bit of a disconnect between candidates and what the party would like them to do. the party doesn't have as much influence as it had

if you look at the things the civil rights community is concerned about, economic and quality -- economic inequality. i thought about how howard dean and i ran against each other in washington. you won washington and i beat him in south carolina. we can debate our differences on trade and our differences on inclusion. we cannot debate that america has to be fair for everybody and we cannot debate that the billionaires are playing games with us and treating us like hamsters on a treadmill rather than people that are focused on the goal line. we will change the debate starting today, we will debate where we think is best to get there, but the goal is a debatable and i salute mayor to blood zero for being big enough -- mary the blahyor deblasio for being big enough to say the goals are bigger. i'm willing to be -- the mansion that's outside has no room for regular working people. let's fight to change the landscape. thank you. i will sign. [applause] >> good afternoon. i'm here all the way from oakland, california to roast in your d.c. sun. oakland also wants to stand proudly as part of the

so that is the main economic piece i want to read. the rest is kind of, western synthesis between the judeo-christian tradition and greeks an enlightenment reason. i taught that last few years. whose justice, which rationality, by alice tear mcintyre out of noteter dame fame. one of the top philosophers in the country. a moral vision of the new testament by hayes. one of the considered foremost on ethics of the new testament not on the philosophy. economics from samuelson and chicago school by nelson. i've been dabbling in several of these books for a long time. i want to dig a little deeper because i think they're needed up here. final one in my stack it is kind after fun one. called bourgeois dignity. that is by deirdre mccloseky. they is a quite a renaissance scholar herself. she has been combining economics and ethics and literature for past few decades. shoe he is chicago trained school of economics and but she has been validated by a bunch of nobel prize winners. she has a six-volume set. i refer to you the second volume. it tak

supervisor cowen and supervisors ted from the office of confirmation analysis we've issued an economic impact i'll be happy to answer any questions i'll start on page of much of the background of the other presenters have shared with you but on page 6 we list what i think is the best data available on the extent of the san francisco housing stock this is a question that the consensus bureau asked annually in 2006. when the american company sent to an address and unrefund a consensus goes and determines why if it is vacant because a resident is not coming up it and that's where this data comes from it indicates it tourism is not new it is from 990 there were 4 thousand units recorded in san francisco button certainly grown if in the 2030 to 2012 period such by 2012 we were be looking at 12 thousand units in the city used for tourism purchase that number dropped in 2013 back to a level in 2006 it is very important to point out that this use of housing stock for tourism is not matt haney housing units are taken off the market it didn't mean that it is permanently lost to the housing stock

but this alliance is more than just economic. it is also europe's attempt to forge a community with common values even as individual state identity is maintained. strasbourg is located on the border of france and germany and has endured centuries of conflict between those two nations. today, it is one seat of the european union-- a symbol of modern unity. as political boundaries become more permeable, perceptions of place change as well as deeper, more personal meanings of national identity. when state boundaries become porous, what does it mean to be french or german or european? strasbourg serves as one of three centers for the european union. this medium-sized city of 250,000 is not a major player in europe's financial or industrial arenas. so why is it playing such an important role in europe's political future? the answer can be found in strasbourg's cultural history-- a product of its unique borderland location. strasbourg literally means "city of the roads that cross." these roads lead west to atlantic europe east to centr

there's no economic model behind them. the history of these radical jihadist groups once they take over your town they do a terrible job of picking up the garbage and providing services for the people they're governing but brutal in the way they govern. these can only prosper if they have a safe haif pen upon that is why libya has become a premiere operational place, and it has become a safe haven not just in libya but a launch point for attacks on sinai. iraq became a safe haven and syria became a safe haven before that. 9/11 was possible because al qaeda had a safe haif nen afghanistan. so the first part of our strategy is we cannot allow safe havens to emerge anywhere in the world. these ungoverned place where's groups can set up camps and establish themselves. do not underestimate, where isis is involved they actively trying to absorb al qaeda elements and-- they're present almost throughout all of north africa. they've extended their reach into all countries in the middle east in some capacity. and they do, as admitte

american dream, senator marco rubio outlines his plan to restore economic opportunity. arkansas governor gives his take on politics and culture in god guns, grips and gravy. and in the blue-collar conservative he argues the republican party asked just focus on the retake from the white house. in a fighting chance that the massachusetts senator recounts the events in her life that helped shape her career as an educator and a politician. governor scott republicans offered a master reached the solution in the country and reach than the unintimidated. the senator rand paul who also declared his candidacy calls for small government and more bipartisanship in his book take a stand. more candidates with recent books including former guards. john kasich calls for the return to traditional american values. former senator looks back on his time in the military and the senate. independent of vermont announced his intention to seek the. joe biden looks back on his career in politics and explained explains his principles. hispanic ben carson called for responsibility to future the f

part of what we are doing to of course trade is a very important economic part of our economic recovery into european union and for our future to but i also work with high representatives, and the team who works with development, with foreign policy, with neighborhood and enlargement with human to assist to get the political part of trade because trade ended up it is collected trade of course is a very important foreign policy tool. wewe sit together and go through our priorities to make sure we know what we are doing and fit into a different agenda. it's a more modern way of working. >> thank you so much. we have a question writer down in front. >> one of our job and mentioned is google your president obama -- one word you have initiatives google for president obama labeled the efforts by the competition office at the commission as a form of protectionism. are the efforts of the competition office colliding with your efforts in terms of undermining trade, particularly when you think that no less than a martin shultz who was here three years ago trying to launch ttip is now on the anti-

benefits and help create jobs as well. >> what are your thoughts on the city's economic development? do you feel we're on the right track? >> i think we're on a very exciting time right now in san francisco where we have a lot of energy in terms of businesses and especially the tech industry wanting to locate in san francisco and that's something that we really haven't seen as much in the past after the dot-com boom. and, so, we are in a very exciting time and we really see a transformation going on in our city because of that. >> what would you like to see change about the city's approach to developing its economy? >> i think that really depends on the changing times. and there isn't sort of one solution for the entire city. it real i depends on kind of what the dynamics are going on with the economy as a whole in the region. not just looking at san francisco, but really as a regional body. >> sometimes district issues are different than zvi issues. what do you feel are some of the biggest issues facing your district? ~ city >> i think because we have a lot of children, families, se

specific economic factors worldwide. now, maybe i got you wrong, but i got impression that it seems you are more concerned about anc being at fault and something else you take over. assuming that is right. suppose anc loses election and new government comes in the way you want it. what are the specific actions you would recommend to their new government to reverse the growth, the declining economic growth and particularly what are three specific things they should do and what time frame would you advice such government before they see any positive response in economic growth in south africa. >> my first point to you is that with close to two-thirds majority over 20 years, it is only right if there are shortcomings in south africa, we take a close look at the behavior of its government. i don't think it is accurate to suggest that will we are pushing for collapse of that government. if anything else we fear if it only loses majority by one or two percentage points we end up in a worse situation where the marxists get back

economic growth? if we don't do it i assume some of the port production or port operation facilities in southeast asia will be in there. it's not something we can stop by not participating. it seems like that region is an area that could be separated from the normal moscow/washington tengsions we've had forever and have something that focuses more on a back channel for building a partnership in that region the arctic. where we want to see reasonable economic development. the russians want to see economic development and reasonable environmental protection. seems like there is an opportunity to work together in spite of the strategic issues that have gone on. even after the cold war. do you think there's an opportunity there to build that regional partnership between alaska and the russian far east, in spite of the tensions we have in our more strategic level dialogue? >> thanks. >> take one more sir. then we'll let you answer. >> you remember all the questions? >> i will do my best. audience, help me.

we had a robust economic climate for most of the 1980s. and ordinary people weren't for that at all. poverty had gone up. wages were stag nat. and i wanted to give the middle class a tax cut and right before i was elected, the government said oh, by the way, we, the deficit's going to be twice as big as we told you it was. oh, by the way. i could play like it didn't happen and present my original plan or go back to the core strategy, which was to get america growing again, we had to bring interest rates down. we had a normal economy, inflation, interest rates were getting high. and they were higher than inflation. so, my gamble was if i could get interest rates down, there would be this huge amount of private investment which would overcome the contractionary impact of the plan i presented, which called for spepding cuts and tax increases, but i hated to give up something i really wanted to provide and i had to choose that or doubling the earned income tax credit. which benefitted lower income workers and i just don't think a society as ri

so there is no economic opening to cuba. there is an economic opening to the cuban military-run holding company. >> thank you. senator cardin? >> let me briefly, then i'll yield to senator menendez, in regards to some response here, 2 million cell phone users in cuba. when i was in china they do block full access to the internet although the u.s. embassy site on air quality is one of the most frequently visited sites by china nationals, the only reliable information they can get about air quality. our engagement will bring faster connectivity and more quality connectivity to the people of cuba, i'm convinced of than the technology is there, senator rubio points out. it's a matter of making it available and the people of cuba will demand that. and let me just also me also point out in regards to the act it provides for licensing authority by the administration which is common in these types of legislation. there are authorities included in the act. i look forward to a robust discussion. chairman, i would yield the time to sen

one of the reasons that it's important to focus on economic advantage is because we tend to think of racial discrimination is something that is irrational and something that's motivated. and while that is part of the story a bigger part of the story that economic historians are familiar with that we don't talk about that much is it a story in which the whites profited economically from this competitive behavior. and it not too many people actually know that the government participated in the creation of separate housing markets through the use of red lines. and so whites were able to move to the suburbs with a federally subsidized mortgage and people of color were not given the kind of subsidies because the mortgage creators were actually discriminating on the basis of that. so the government together with these private organizations like homeowners associations and others acted illegally to intech incredibly exclude people of color from the american dream and economic success. and it's those cartels in the early behavior, early exclusion, that creates the initial advantage that it's

it starts with economics. greece sinking further into recession, not enjoying the recovery we are enjoying across europe. that will lead to rising tensions. mark: when you expect something significant to happen in the negotiations such as, we are not going to pay an imf loan? they could have easily not paid the one do a week or two ago? is june when it is going to happen? scott: 1.7 million euros, and the imf payment on june 5. they have a month, they don't have to put them into default right away. then we have $6.7 billion in bonds due late july or early august. a couple of milestones that would signal default and be the beginning of a next it if we cannot find the path. manus: with a be better off leaving? scott: that is a great question. in many ways, yes. the people have an interest in staying in the union, but look at the protest and the difficulty. the people themselves are split whether they want to remain in or not. anna: could you see that going to a vote or does that have too many risks? unpredictabi

i therefore expect the economic data to strengthen. all of that said they have not fully abated and as such i expect the continued growth. despite the recovery i noted in home prices and a greater number of home sales, residential construction activity remains quite low. i mentioned the ongoing issue with mortgage credit. more generally many years of a weak job market and slow wage gains seemed to have induced many people to double up on housing. many young adults continue to look with their parents. population growth is creating a need for more houzing. whether to rent or. they had a continuing job in wage gains will encourage the pace of business investment has been only modest in this recovery. some of the reasons might persist a while longer. more analysts suggested that uncertainty not only about the strength of the recovery but also about economic policy could be a significant factor. the fact that many businesses seem to be holding large amount of cash may suggest that risk aversion is playing a role. weak investment in the ener

he's a past president of the economic history association. although i'm sure professor eichengreen he would be the first to warn us against the dangers of reaching to easy answers for the study of the crisis that we have just been through in his latest book he quotes george bernard shaw is saying if you laid all the economists in the world and to and they still wouldn't reach a conclusion. [laughter] and indeed all economists and politicians are still arguing over exactly the right responses to that last financial crisis we have just been through and perhaps more importantly what to do to prevent the next one. professor eichengreen's book has been hailed as the scholarly and significant contribution to that debate not the least in the financial times words described as highly readable. that review concluded hall of mirrors is destined to change the way we think about both the great depression and the great recession. please welcome professor barry eichengreen. [applause] >> thank you richard. highly readable is perhaps not the strongest compl

it is more socially and economically polarized. and it is an honor to work for those changes for our kids; for children in america. and the more we look the more horrified frankly we were by what we found. what we found was growing gaps between in this book we call rich kids and poor kids and many many measures of child wellbeing. by rich kids and poor kids i don't mean bill gates kids and warren buffets kids and some homeless family. the upper part of the social economic chain are just people who are college graduates and their children. can i see the hands of college graduates in the room? so when i say rich i mean you. by having a college degree you are in the upper third of american society and the lower third of people who have not gotten past high school. and you can see the gap between college backgrounds and high school backgrounds and many measures of how much time parents spend on them with good night moon time is what we call it the quality of school they go to the stability of their family, big difference between stabil

i agree with derek to me and economic agreement has to be an economic agreement. there are axillary things but i really wonder and i'm sensitive to those arguments, but i just wonder if you can elaborate a little bit. >> we are getting into a lot of counterfactual tears elicited the congress rejected trade authority and was reviewed of the administration there were moves that could be made to make congress happy and that involved some of the tpp partners and st. francis could we live with currency language and there will renegotiation of the provisions set derek talked about typesetting is quite possible that would be the end of the road that they would be other discussions but i do think it's that the negotiating process dies because congress won't give the administration trade to go shooting authority of think the u.s. will be blamed for that and i think it will be seen in the region as a negative in terms of relations with the u.s.. so i think the u.s. role here is very key. >> i think one of the big problems with tpp moving to the house is the issue of vietnam

weaver said not the economic development arm for the neighborhood we don't have the ability that is fair, i think that the key with the studies will be looked at short term and long-term obviously when traffic patterns in the beginning upcoming people evaluated for patterns during construction and reevaluate digging out the reiterations and looking at things to tell and looking at what types of things to be murder and the issue of our job enforcement and generally the assets. >> thank you, again, for all the fine work and the recommendations that come out of the advisory committee. >> mr. chairman you'll asked 33 me to call 11 to increase the airport for taxicab trips for sfo from two to $4 and item 12 authorized the director to have the wave of the 2016 for medallions and fiscal year relationship a card renewable fees for all taxicabs drivers. >> good afternoon. >> hi good afternoon kate with the taxis and assessable services for item 11 the sfo trips that a driver may charge a driver from two to $4 sfo charges the taxicab drivers for trips originally at sfo and currently $2 and the air

economic upsurge of our major economic partners and stand up to global economic demand. is that the likelihood? is the government by itself time? increased inform interest rates capital outflows out of south africa, south african economy. reckless of short-term borrowing on the part of the government, shore up political support inevitable rating downgrades will follow up african bonds with likelihood move to junk status. institutional investors pulled out. it's a rocky road future. oil prices that will put -- any gross recovery. one that we are particularly interest in his fundamental reforms in the labor market policy, emerge from the successful defeat of the apartheid system. if the current government moves on labor market deregulation, it will tell us that they are truly interested in real reform. other areas of economic policy reform also follow, opening the door to either the wide or the narrow road upsizing area. if we continue to see the loss of autonomy of democratic institutions the downside big and but so does the narrow road. where the government will appropri

economic steam is saying. indeed, it looks like lower oil prices, because of the hit on the energy sector, has had less of a positive impact than anticipated. what they have started to factor in recently is what you mentioned at the start of the program, the strong dollar has had an impact on corporate earnings in the u.s. market. at the margin it has given -- at the margin, given that it is tough to export oil, it is tough on the economy. tom: can net exports diminish enough over the next 2, 3 or four quartilesers y plus c plus i plus g -- is it to pull down gdp statistics? geoff: the u.s. economy is still going to grow at around 2.5% or 3%. the dollar is playing a marginal role. that is still struggling even though europe is getting better. brendan: i was surprised to see in the list of things you are curious about, brazil rally. is the new finance minister getting it right? geoff: off a very low base, he is. brazil has had a very deteriorating situation. he will have to try to fix that. he's trying to do th

that was due to the economic sanctions. you could have had real democratic change there if sanctions were still in place. >> absolutely. the irony of course is it took the leader of iran to call out obama on the lie about how the sanctions and when they'd be lifted. you know obama had said they'd be lifted gradually. the leader of iran said no that wasn't the deal. then obama backtracked. i think the big danger here too, is also the fact obama is cutting back on our military at the precise time that danger is increasing there. that bodes very badly for the united states and our allies in the middle east. >> to mike's point, rich about the sanctions, already, 20 countries do not have to abide by the economic sanctions now. they include china turkey and india. they're leaky already, rich. should we just walk away from this nuke deal? >> we should walk away. i think the supreme leader is and the iranian military is giving us ample reason to do. in a strange way, giving us a favor by revealing who they are, that is that they're

-- attention to the economic messages. they would like to see and heard, especially in the 2014 mid term elections, i think the message is right. she has the opportunity to bring folks, who are disenfranchised and dissatisfied with the party's messaging, and talking about something that is hurting a lot of folks, democrat and republican. >> you are a political pro. people have said confidently, in full confidence that they are sounding wise republican can run to the primaries and pivot to the center as if it's possibling in a 24 hour -- possible in that 24 hour noose cycle to beat -- news cycle to beat candidates. do democrats have a similar problem, can you run and have the same pivot problem. i don't think there's - i think democrats have a similar problem. you probably saw that a little in 2004. with you know you had one like john kerry, who was not polling high at all around primary time and voters in iowa went to someone they thought was electable. they talked about a lot of the same issues we are talking about today.

if you look at the at economic impacts of the ports for the region, it is over $28 billion of economic activity over 13,000 direct jobs over 220,000 stage of some why that in some way are tied to the activity here at the port, and we focus a lot on the impact of those jobs at the local community. it is a large county, but it is continuing to be a glowing county. it provides jobs for the local citizens, but more importantly it provides the commodities that they are looking for when they go to the grocery store shelf. back in the late 1800's, actually, the first idea of having a port huron south florida to move mostly the fruits and vegetables that were being grown and in south florida, to move them to market and the rest of the united states as well as into the caribbean. back in, you know, 1893, there was a fort lauderdale trading post, which was on the river which was just north of port everglades and that is the boehner commerce for moving goods in and out of what was then the everglades, and that led to naval. in 1913, a cut was put into the beach to allow small boats to go in and o

sandberg: tim, economic outlook? geithner: it is worth noting that none of us really know anything about the future, and we certainly do not know anything about how economies perform in this quirk term over the long run. we live in a messy, dark, scary, uncertain world. but i think the economy is -- [laughter] sandberg: but that said -- was that a scary, uncertain world? geithner: that is the normal state of mankind. it is sad to admit, but it is true. but i think in that context, the u.s. is gradually getting -- sandberg: slightly less dark and scary. geithner: we are a resilient country. and i think a much stronger country than any other major economy. and if you look at the challenges we face as a country, they are pretty stark challenges, and our politics are terrible. but i think you would rather have our challenges than the challenges that any developed economy, and i think any major emerging economy around the world. sandberg: when you think about where we are -- where was it messy, scary, dark? or a continuat

there is no economic model behind them, per se. it the history of these radical jihadist groups, once they take over your town, they do a horrible job of governing. but they are brutal. these groups can only prosper if they have a safe haven. it that is why libya has become a premier operational space. it has become a safe haven. 9/11 was possible because al qaeda had a safe haven in afghanistan. we can't allow safe havens to emerge anywhere in the world. ungoverned spaces were groups can set up camp and establish themselves. do not underestimate where isis is involved. they absorb al qaeda elements. they are present throughout all of north africa. virtually all of the countries of the middle east in some capacity. individuals that have never even traveled abroad that are sympathetic to their cause radicalized online. the idea is to take part of it and keep them acting in that regard. being involved in syria early and not providing that safe haven was critical preventing the growth of isis. charlie: richard. >> hillary clinton supp

today too many politicians who want to return to the same failed top-down economics are mouthing the words "middle class." but this is something you have to believe in and something you have to be ready to fight for. if those words are going to have meaning again, they have got to be backed up by real solutions not empty rhetoric. and those solutions have to speak to the ways that the economy has changed. today 40% of mothers are the sole or primary breadwinners in their households and more americans are working multiple jobs just to make ends meet. parents are rubbing home from work to get their kids home from school and maybe get them off to a practice or a rehearsal, they're squeezing every minute out of their 24-hour day with barely enough time to breathe let alone relax. i remember when i was a practicing lawyer back in little rock and around 3:00 every afternoon, all of the women who worked in the firm were hunched over their phones kind of whispering into them. at first i didn't know what was going on. then i realized they were all checking to make sure their children got home

when he talks that economics, he can be very powerful. his biggest problem in 2012, which he would not acknowledge and he should have stuck to the economic message come he got dragon to be social issues and started talking about cultural issues that started blowing up in his face -- stuck to the economic message, he got dragged into the social issues. hillary clinton is in south carolina for the first time since the primary, where she suffered an epic loss, and her husband caused an upset. seven years later, hillary spoke in south carolina at the democratic women's caucus. she sure sounded like she belongs. former secretary of state and senator hillary clinton: think of them on election day. they grow grayer and gray are, and then by the time they leave they are as white as the building they live in. now, let me tell you. i am aware i may not be the youngest candidate in this race but i have one big advantage. i have been coloring my hair for years. [laughter] john: she has been making that joke with donors for the last couple of weeks. j

secondly as the president even needed to china is very active on the economic front, therefore the economic linkages are benefiting china into the world, but throughout asia in those economic linkages, trade and investment they believe it helps their economic and national security influence, so then i take it a step further and the reason this is important is i think the national security starts with economic security and i don't think that china as we will talk about later is a formidable competitor and we want the competition to be healthy and we shouldn't shrink from the competition. it's something we should welcome. lastly about the trade deals trade people today to trade. there are negatives and positives but the negatives that it could positives far outweigh the negatives. how do we continue to be successful with 4% of the the worlds population we don't go out and attempt to do as much business as possible with the other 96. you can't put a wall around and be successful but what i argue which to me is a no-brainer even those that disagree with me on trade generally who i think are wro

you have been blessed to live in pretty stable economic times. this was not a stable economic time. the more the united states was connected internationally the more the economy goes up and down depending on factors far from the united states. in 1893 there is a contraction of global demand due to international factors that lead american producers to have probable that trouble selling abroad. at least to a major economic downturn. americans in the late 1890's are deeply concerned. that they have places abroad that sell their goods, that they open new markets. some historians have taken this too far and made it sound like americans are only concerned with foreign markets. it's not true. they are still a small part of a larger economy. they matter. this is the beginning of what one historian calls the american search for influence in china, a search that continues to this day. every producer has the dream of selling to every chinese citizen and becoming rich. think about if you could sell one t-shirt every chinese citizen, one billion t-shirts. you would be doing well. it's a huge bod