Michael O'Neill spoke at the annual Export-Import Bank Conference. He said some of his top concerns included congressional gridlock, the European economy and cyber security. in Washington, He expressed confidence in the state of the banking industry, saying financial institutions were ready to start lending more money once demand in the economy picked up.
An insurance executive and a pension investment manager spoke about how their industries have changed since the 2008 financial crisis. Among the topics they addressed were business opportunities, innovation, and adapting to changing business climates. They answered questions from the audience.
"Post-Great Recession, Opportunity and Risk" was part of the three-day Society of American Business Editors and Writers 50th anniversary spring conference, held at George Washington University's Marvin Center.
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Janet Yellen talked about the economy. She said that the Federal Reserve's recent monetary policies in purchasing assets and lower interest rates had contributed to improvements in the economy. She noted the recovery of housing markets and also talked about inflation.
This was a keynote address at the Society of American Business Editors and Writers 50th anniversary spring conference.
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Former White House Budget Director David Stockman and former U.S. Comptroller General David Walker talked about the impact of national debt on the economy. They criticized the economic and monetary policies of President Obama, Congress, and the Federal Reserve.
"The New Austerity: Pain Now or Pain Later?" was part of the Society of American Business Editors and Writers 50th anniversary spring conference, held at George Washington University's Marvin Center.
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David Stockman talked about his new book, [The Great Deformation: The Corruption of Capitalism in America], in which he suggested that Wall Street and the Federal Reserve had joined forces to harm the economy, punish savers, and fuel new financial bubbles that will soon burst. He said federal budget control had been surrendered to lobbyists, PACS, and special interests that ...block legitimate attempts to implement real spending cuts. In this interview he described his early days in Congress and his appointment to be Ronald Reagan's director of the Office of Management and Budget at age 34. He explained the Gallery of Economic Heroes and Villains he compiled dating back to the beginning of the 20th century and how each one has improved or harmed the economy. He said he began writing the book because he was outraged in 2008 when the TARP bailout was approved, calling it a total betrayal of everything free market conservatives had been trying to do since the Great Depression. Show SummaryShow Full Text
The Peterson Institute held its semiannual session on "Global Economic Prospects." David Stockton presented the outlook for the U.S. economy, saying there were signs the U.S. economy was gaining strength but cautioning that the macro-effects of the "sequester," or automatic spending cuts, would begin showing up in the middle part of the year. Jacob Funk Kirkegaard talked ...about whether recent developments in Cyprus and Italy would undermine stability in Europe. Barbara Kotschwar spoke about recent developments in Brazil, Cuba, Mexico, and Venezuela. She speculated whether politicis in Latin America would return to more market- and U.S.-friendly paths. The economists used slides to illustrate their points. Then they responded as a group to questions from members of the audience. Show SummaryShow Full Text
President Obama talk about jobs and the economy, focusing on investments in infrastructure, specifically port funding and improvement. In his remarks he outlined a program of bonds and other measures to encourage spending on roads, bridges and ports, while enabling companies to share in returns. He made his remarks on a loading dock near the site of a dredging project that ...was expected to create 30,000 jobs. Show SummaryShow Full Text
Ryan Avent and Steve Landefeld talked about perceptions, misconceptions and myths about the U.S. economy. Topics included tax rates, federal spending and the debt, wages and income, off-shore and foreign ownership, and the nation's economic standing in the world. They responded to telephone calls and electronic communications.
This program was part of C-SPAN's regular Friday "America by the Numbers" series.
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