we can raise the interest that is paid in tandem with the target and this will raise the opportunity cost of the banks that are lending. as we announced in march, we are looking for additional tools for legislative action. an example would be the authority to release debt, and expansion of the treasury supplemental plan. now what circumstances will require us to use the tools that we have, and what we may have in the future? one clear concern is price stability. the balance sheets grew in a matter of weeks and remains large. there is a precedence for a large increase in the balance sheets. this is subsequently associated with inflation. i want to emphasize part of this, inflationary pressures are likely to rise without broad expansion. this explains why there is concern, and why we look after the ability to reverse the growth of the balance sheet. forecasting inflation is never easy, but this comes with the job. public interest leads to many different independent use. but these are particularly difficult times, for the forecasting. all that you have to do is look at the lack of conse

with interest on reserves, we can raise the interest paid reserves in tandem with our target rate. this will raise the opportunity cost of banks' lending and keep the fed funds rate merely target. as we announce in march, we are seeking with the help of the treasury additional tools through legislative action. an example of such calls would be the authority to issue interest-bearing debt and exchange for reserves or an expansion on the treasury's supplementary financing program. what circumstances might require us to use the tools we have and those we may have in the future to reduce our balance sheet? one clear concern is price stability. our balance sheet grew very fast in a matter of weeks last fall and it remains large. there are historical precedents for large increases in central bank balance sheets to result in broader credit expansion and to be associated with inflation. i want to emphasize the meddling in this chain. inflationary pressures are likely to rise without broader credit expansion. there is currently no evidence for that. these precedents explain why there is con

individual hospitals or health care systems at least on a trial basis for each organization worked in tandem with the public government system and at best a hospitals are subsidized by both public and private interests in a forthright fashion. host: howard on our republican line from germantown, maryland. caller: i think the industry has run amok with capitalistic entities. it has become a business of making money, not securing the patient. if we took away the pressure that the keep applying to physicians and health-care providers by allowing them to have an insurance plan they can afford but as affordable, and rewards doctors that are curing patients and punish those who are spending excess of money to do services unnecessary solely to pad the profit of the firm -- if we can do that, it would minimize costs and make it available to more people. being fiscally conservative and makes sense to limit the expenditures of the federal government in terms of health care costs, but more americans are willing to pay for health insurance if it were affordable. and that the insurance company could not

we regard to maritime -- freedom of access to the mayor tandem in as absolutely is central to everything we want to get done. . there are 250-some submarines in our responsibility. not very many of the more hours, but a good number. we continue to pursue asw technology. we want to make sure other countries understand what we can offer them in terms of defense and right of access of maritime command, and countries who develop technologies that we will uncounted to that policy, we will work to overcome those developments. thanks. yes, ma'am. >> thank you so much for your succinct remarks. my question is regard to a remark he made previously. you have 36 member states covering 3.9 billion population. my question is do you have measures to effectively measure the programs, and do you have any joint lessons learned process to measure those programs? >> is a great question, two great questions. the first one, very tough. in a way you end up trying to argue the negative. if we do not exercise on a bilateral or multilateral basis, how do you know what might happen in what might not happen? i do

some nice ones of abigail but none of the marriage so i decided to write about the two of them in tandem. my interest in abigail goes back 30 years to the beginning of the women's movement. i am trade is a colonial history and i did period since the entire 17th and 18th century. then the women's movement came along and i was teaching in southern california and i did not know how to do women's history. there were very few bucks if you went to a bookstore 30 years ago and looked on a shelf of woman's books there were very few. the only way i can think to do women's history was to write a biography of able men. i looked through who were the possible well-known women in that era? and bradstreet, but she was a poet and i don't do poetry. there was mercy warren who wrote the first history of the american revolution, but she left very few papers as well. and and hutchison of course, but no paper, no archives left in your own words everything we know about her has been written by men but then there was abigail adams and she laughed letters price as they started reading her letters, it was love a

we regard to maritime -- freedom of access to the mayor tandem in as absolutely is central to everything we want to get done. . there are 250-some submarines in our responsibility. not very many of the more hours, but a good number. we continue to pursue asw technology. we want to make sure other countries understand what we can offer them in terms of defense and right of access of maritime command, and countries who develop technologies that we will uncounted to that policy, we will work to overcome those developments. thanks. yes, ma'am. >> thank you so much for your succinct remarks. my question is regard to a remark he made previously. you

guest: well, china's statement is really quite in tandem with this conclusion of this international meeting here in new york yesterday. china holds $2 trillion of foreign reserves. used to be almost all of that was in dollars. estimates now maybe $1 trillion of that. very important. they've been a very important lender to the united states. but there is quite honestly anxiety. i go to china quite often. you talk to both government officials and people in the street. they don't want to see the value of their safings, money that they put aside, eroded. they worry about inflation in the united states. they worry about a decrease in the value of their treasury bills. they worry about a weakening of the dollar relative to other currencies. and with all these risks, it is very natural holding a trillion of u.s. t-bills and other bonds , that they want to see the world, and explore a better way with which they can hold their reserves. and with their being such a large player, and it's true they have talked to the other countries that hold dollar reserves, i think there's going to be a lot of press

but instead we must work with -- work in a tandem with our neighbors to ensure that all citizens in our hemisphere are unfettered by discriminatory practices now and the vestiges of those practices of the past. it is in our interest to work toward a more equal hemisphere and we are all at risk if our citizens do not have full faith in the strength of democracy to provide upward mobility. the reverend dr. martin luther king jr. put it best when he said, injustice anywhere is a threat to justice everywhere. afro latinos face a long-standing struggle against racial discrimination and a lack of opportunities. afro latinos make up approximately 150 million of the region's 540 million total population and awill will long with women and indigenous populations are among the poorest, most marginalized groups in the region. people of african descent comprise a significant amount of the population in several latin american countries and are 50% of the region's poor. for many descendents, endemic poverty exacerbated by isolation, exclusion and racial discrimination in. in brazil, of a ro latinos ar

nice ones about abigail and none about the marriage so i decided to write about the two of them in tandem. and my interest in abigail goes back 30 years to the beginning of the women's movement. and at that time, i am trained as a colonial historian. i did pure tans and the entire 17th and 18th century and then, i -- this women's movement came along, and i was teaching in southern california, and i didn't know how to do women's history. there were very few books, if you went to a bookstore, 30 years ago, and looked for a shelf on women's books there were very few of them. the only way i could think to do women's history was to writes a biography of a woman and i looked through the -- who were the possible well-known women in that era, there was ann brad street but she was a poet and i don't do poetry. there was merciodis warren, who wrote the first history of the american revolution but i didn't -- she left very few papers as well. and there was ann hutchinson, of course, but there is no paper, there are no archives left by ann hutchinson in her own words. everything that we know about he

we worked in tandem on this a long time and i can assure you when it comes to nih funding for regardless which side senator specter is on his way to be doggett and i am going to join him on this. i do -- senator specter is right we put the money in the stimulus because it was stimulus for the two years and i am concerned about the cliff. and the baseline and what happens to that baseline funding and quite frankly if you really look at it, senator specter, from when we finished the bubbling from 2005 on till now, basically our funding has been kind of flat. i think that in real dollars we are about where we were in 2005 if i am not mistaken. so, to only put in $442 million doesn't do much getting the baseline up. >> mr. chairman? during the period the last several years you and i have made the calculation we went down 5.2 billion in real dollars as a result of not having the cost of living adjustment for several years and then this tiny across-the-board percentage of half a percent here and pretty soon a 30 billion-dollar allocation turns out to be less than 25 billion, so we are pulling

so i decided to write about the two of them in tandem. and, my interest in abigail goes back 30 years to the beginning of the women's movement, and at that time, i am trained as a colonial historian. i did puritans in the entire 17th and 18th century and then, the women's movement came along and i was teaching in southern california and i didn't know how to do women's history. there were very few books. if you went to a bookstore 30 years ago and looked for a shelf on women's books there were very few of them. the only way i could think to do women's history was to write a biography of the woman, and i looked through to where the possible well known women in that era. .. and of around world war ii, but no contemporary biographies of abigail. so i started writing a biography of abigail adams, and this was a good 30 years ago, and finished it and it was a chronological history of her life from birth to death, and just about the time i was ready to publish a couple of biographies did come out about her and i realized my biography was not dif

individual hospitals or health care systems at least on a trial basis for each organization worked in tandem with the public government system and at best a hospitals are subsidized by both public and private interests in a forthright fashion. host what's your proposing for saving health care. caller: it's become the business of making money, not the business of securing the patient. so when we took away the insurance companies' pressures that they keep applying to physicians and health care providers by allowing them to have an insurance plan that they can afford that's affordable and reward doctors who are curing patients and punish those doctors who are causing patients to spend excessive amounts of money to continue to do services that are unnecessary solely to pad the profit of the firm, if we can do that then we minimize the cost and bin minimizing costs make it available to more people. being fiscally conservative, it makes sense to limit the expenditures of the federal government in terms of health care costs, but health care costs, more americans are willing to pay for health insura

chorus of false claims and insinuations about that facility, noting that it has grown louder and tandem, i suspect, with growing american opposition to closing the facility and pwhreug -- bringing the terrorists to u.s. soil. a majority of americans now oppose the closure of guantanamo, this is according to a "usa today" poll of june 2. this is by a margin of 2-1. many of the arguments we've heard recently to dissuade them, frankly, give off more heat than light. my friend and colleague, the majority whip, gave a speech in which he claimed arguments opposing the closure of the prison at guantanamo made by senator mcconnell and others are based on fear. i contend that these tkpwraouplts are based on serious concerns about -- arguments are based on the serious concerns about the safety of americans and the obstacles to closing the facilities. last month before the house judiciary committee f.b.i. director robert mueller testified transferring the remaining detainees to u.s. securities, even maximum security prisons, would entail serious security risks. he said "the concerns we have about

subsidiaries, with the approval of various state insurance regulators, the securities lending division in tandem with the financial products unit put at risk the entire company and the broader financial system. half of this came from the securities lending division, the other half from the financial products unit in terms of the overleveraging. with more than 250 subsidiaries operating in 14 states and more than 100 countries, aig is the poster child for both the need to open up lines of communication among regulators worldwide and the need to establish a domestic insurance regulator with the ability to oversee these large and complex institutions, and again, mr. chairman, thank you for holding this hearing. >> thank you, mr. royce. we'll hear from the gentleman of georgia mr. scott for one minute. >> thank you very much, mr. chairman. i think this is of course a very important and timely hearing. the issue is, of course, i think what is the systemic risk as relates to our insurance industry. and where and how is it best regulated at state or federal level? but i think that the major mod thael w