but it could certainly happen in the personnel labor committee relations meeting and i think i already just from the comments that i have heard and i did hear because it plays in the back as well the entire presentation, i am really, i have quite a few questions that i would like to get your opinion and what your perspective is on stuff happening in schools. so, again, the good rotation here that we get to see other bodies that support work on behalf of the board of education and behalf of the district in schools representing that you can come forward more often and talk to us is such a simple fix and we should have done it long ago and i'm glad to see you here. i had a couple of comments. i will remember by april 10th. >> commissioner wynns? >> i want to thank you for the support and the presentation. i will spend some time reading it. i was most interested in the discussion and comments about the language ability of the teachers and substitute teachers. of course, it's kind of self-evident that if we had teachers who are truly bilingual biliterate, it would be better. i'm interested

criticizing the lack of consultation with the labor committee saying that industry only committees have met more than three times as often ministration there you go so it begs the question is this a real response kind of to the public pressure that we've been seeing or is it just window dressing we see it as window dressing it's too little too late for us why is it too little it's too little because well and a system of twenty eight committees in which twenty six of them are dominated by corporate interests and sixteen of them are exclusively devoted to industry representation. notion that the entire public interest can be relegated to. one committee is laughable. this is a much better way of doing this would be to have public interest representatives sitting on all the different committees so that alongside from a sort of corporations you'd have advocates for access to medicines and hollywood you have people advocating freedom that proposal was actually brought to the industry committees back in two thousand and ten they unanimously rejected that proposal yeah they stated that their qu

gop senator lamar alexander the pop republican on the senate labor committee says this, quote, one morenational labor relations board continues to be more of a union advocate than an umpire. this latest effort is a political power play on behalf of unions that makes an end run around employers and forces workers to make decisions without all the facts. these rules are not set in stone, yet the public does have an opportunity to weigh in. they can let the government know what they think up through april 7th. >> to be continued. >> yes. >> shannon, thank you. >>> we may get to see if iranians who like their health care plan can keep their health care plan, and how many times do we have to say it? always assume someone is listening, especially if you're a top government official and you throw f-bombs around about your allies. we'll explain. the grapevine is next. this isn't real difficult. i'm going to have to say verizon verizon. the choice is obvious. verizon is america's largest and most reliable 4g lte network, with data plans starting as low as $45 monthly access including unlimited t

gop senator, lamar alexander top republican on the labor committee saying the new rules are quote, howhe obama national labor relations board continues to be union advocate than an umpire. this latest effort is a political power play on behalf of unions that makes an end-run around employers and forces workers to make decisions without all of the facts. by the way, the public does have an opportunity to weigh in here before these rules become final. the government will be taking public comments until april 7th. melissa? melissa: wow. shannon, thanks so much. interesting report you. >> got it. melissa: up next, obamacare, an even bigger threat to workers than we thought. a new study shows nearly half of all companies want to cut health care benefits. many more workers could suddenly find themselves demoted to part-time status. we have the duke economics professor behind the bombshell report. >>> an auto industry breakthrough, new technology that enables electronic cars to move further and for longer. don't go anywhere. do you ever have too much money? ♪ ♪ [ male announcer ] you're watch

in september 2012 amid signs that the recovery was weakening and progress in the labor market had slowed. the committee said it would continue the program until there was a substantial improvement in the outlook for the labor market in the context of price stability. in mid 2013 the committee indicated that, if progress towards its objectives continued as expected, a moderation in the monthly pace of purchases would likely become appropriate later in the year. in december the committee judged that the cumulative progress toward maximum employment and the improvement in the outlook for labor market conditions warranted a modest reduction in the pace of purchases from $45 billion to $40 billion per month offer term treasury securities and agency backed mortgage securities. at its january meeting, the committee decided to make additional reductions of the same magnitude if incoming information broadly supports the committee's expectation of on going improvement in labor market conditions and inflation moving back towards its longer run objective, the committee will likely reduce the pace of asset purchase

and the committee's decisions will remain contingent on the outlook for the labor market and inflation, as was the assessment -- well as its assessment of the likely efficacy and cost of such purchases. the committee has emphasized that a highly accommodative policy will remain appropriate for considerable time after asset purchases end. the committee has said that it expects the current low target range to be appropriate at least as long as the unemployment rate remains above 6.5%, inflation is projected to be no more than .5% above the longer run goal, and longer-term inflation expectations remain well anchored. crossing one of these threshold will not prompt an increase in the federal funds rate, but will indicate it had become appropriate for the committee to consider with the broader economic outlook to justify such an increase. in december of last year, and again this january, the committee said that its current expectation, based on its assessment of a broad range of measures of labor market conditions, indicators of inflation pressures and inflation expectations, and readings o

former arkansas state senator bill walker, a democratic on the public health, welfare, and labor committeete for the fetal protection act, a law that i signed. it was crucial in the case of 23-year-old shwana pace who was severely beaten and lost her daughter the very day before she was to be born. bill walker joins me now from little rock. senator, it's great to see you again and thanks for being here. >> thank you, governor. thank you. good to see you as well. >> i remember, you were the deciding vote in passage of the fetal protection act. laws like these that protect women and their children, i think they're important. obviously, back in 1992, you made a courageous vote and took a courageous stand. why did you think that was important then? >> well, it was important then, as it is now, and i should say, governor, if you don't permit me to, with i would like to let heather know that, you know, we are praying for her and her family and the loss of her unborn child. you know, there's just no excuse for it. and in some ways, i would like to brag on your leadership and the state of arkansas

committee. vacant seat 2, succeeding robert muscat, term expired, must be active in labor organizations, for the unexpired portion of a two-year term ending y clerk: sf 51234 >>supervisor norman yee: okay. michael seville. >> thank you. it's my honor to be able to join the city. our city's ability to improve our capital infrastructure is one of the most important issues for our city. as san francisco continues on its economic revival and the transparent manner, the voters of san francisco have declared it's crucial for the government to keep up with our evolving city. having spent much of the past years with labor representative, with local 21, i now serve as a director of research and communications for local 216789 . i have worked with the city on impressive capital project including the water improvement plan and san francisco rebuild. through all of this whether meeting with engineers, architects, elected officials or before the civil service commission i have been informed about how to handle large scale projects and understand the contracting process of the city will make me a valuable ass

if incoming information broadly supports the committee's expectation of ongoing marketment of the labor conditions and inflation moving back toward the longer run objective, the committee will likely reduce the pace of asset purchases and further measure steps at future meetings. that said, purchases are not on a preset course. and the committee's decisions about their pace will remain contingent on the outlook for the labor market and inflation, as well as the assessment of the likely efficacy and cost of such purchases. the committee has emphasized that a highly accommodative policy will remain for considerable time after asset purchases end. in addition, the committee has said since 2012 that it expects the current low target range to be appropriate at least as long as the unemployment rate remains above 6.5%, inflation is projected to be no more than .5% longer run goal, and longer-term expectations remain well anchored. crossing one of these threshold will not automatically prompt an increase in the federal funds rate but will indicate if it had become appropriate for the committee

senator who is a top republican on the senate labor committee says they are one more example of how the obama national labor relations board continues to be more of a union advocate then an umpire. this latest effort is a political power pla plant half f unions making a run around employers and forces workers to make decisions without all the facts. they will have an opportunity to weigh on the rules before they become permanent. the government will take public comments until april 7. jon: and we will see with the decision is after that. thank you. jenna: now to some dash cam video of a terrifying scene in texas. a woman driving in the wrong direction on a highway slams into a car and incredibly both the officers escaping injury. the crash leading out to an all-out chase for the driver. other police cars joining the pursuit, the chase went on for 40 miles last 11 minutes. police eventually catching her by knocking out her tires. but not before she had a second police car. she faces charges of drunk driving. shocking new testimony in the amanda his murder trial. her husband convicted of

if incoming information broadly supports the committee's expectation of ongoing improvement in labor market conditions, and inflation moving back towards its longer run objective the committee will likely reduce the pace of asset purchases in further measured steps of future meetings. that said, purchases are not on a preset course, and the committee's decisions about their pace will remain contingent on its outlook for the labor market and inflation as well as its assessment of the likely efficacy and costs of such purchases. the committee has emphasized that a highly accommodative policy will remain appropriate for a considerable time after asset purchases end. in addition, the committee has said since december 2012, that it expects the current low target range for the federal funds rate to be appropriate at least as long as the unemployment rate remains above 6.5%. inflation is projected to be no more than a half percentage point above our 2% longer-run goal. and longer-term inflation expectations remain well anchored. crossing one of these thresholds will not automatically prompt

of your partners when you were taking turns you and ted kennedy were taking turns leading the labor committee. he was willing to compromise on policy but not on principle. we are willing to compromise on policy and not principle. the principle that is most important to us is that at the end of the day when we pass legislation and work out a compromise with the house, we send it to the president that we can look one another and the american people in the eye and say we fixed this problem. we haven't kicked the can down the road. we've fixed the problem to have the postal service not just hang on and twist in the wind but be relevant and vibrant without being a burden to the taxpayers of this country and provide the customers vices that need. i think senator levin has said he'd be willing to lead us off today. he has a couple of amendments. one of his amendments deals with notify indication. it's amendment number four and it deals with notification requirements for pilot disposal program. before i do that, let me say dr. col burn anything you'd like to add? >> you are recognized for amendment n

in september 2012 amid signs that the recovery was weakening and progress in the labor market had slowed. the committee said it would continue the program until there was a substantial improvement in the outlook for the labor market in the context of price stability. in mid 2013 the committee indicated that, if progress towards its objectives continued as expected, a moderation in the monthly pace of purchases would likely become appropriate later in the year. in december the committee judged that the cumulative progress toward maximum employment and the improvement in the outlook for labor market conditions warranted a modest reduction in the pace of purchases from $45 billion to $40 billion per month offer term treasury securities and agency backed mortgage securities. at its january meeting, the committee decided to make additional reductions of the same magnitude if incoming information broadly supports the committee's expectation of on going improvement in labor market conditions and inflation moving back towards its longer run objective, the committee will likely reduce the pace of asset purchase

comments of progress towards maximum employment and improvement and the outlook for the labor market conditions the committee decided to make a further measured reduction in the pace of an asset purchases do you think the fed is overestimating the strength of the economy again. well of course but that's not in my opinion the reason best just their cover and it is not the real reason. they're there card again in fact it remains to be seen whether they will continue with their quantitative with tapering the quantitative easing or whether they will have to increase it. if as. many suspect neutrality continues to worsen. and they'll have to. they may restore the quantitative easing the real question here is. what is the fed go does it is it still focused on saving the banks or has it really lost that creating the huge numbers new dollars every year threatens the exchange berry of the dog and so they can't save the banks and the dialogue if they decide to save the dollar they've got to stop connotative easy i don't think the fed has actually made this file susan. for now they can afford to cut back the bond purch

if incoming information broadly supports the committee's expectation of ongoing improvement in labor and inflation moving back toward its longer-run objective, the committee will likely reduce the pace of asset purchases in further measured steps at future meetings. that said, purchases are not on a preset course and the committee's decisions about their pace will remain contingent on its outlook for the labor market and inflation as well as its assessment of the likely efficacy and costs of such purchases. the committee has emphasized that a highly accommodative policy will remain appropriate for a considerable time after asset purchases end. in addition, the committee has said since december 2012 that it expects the current low target range for the federal funds rate to be appropriate at least as long as the unemployment rate remains above 6.5%, inflation is projected to be no more than a half percentage point above our 2% longer-run goal and longer-term inflation expectations remain well anchored. crossing one of these thresholds will not automatically prompt an increase in the fed

[applause] >> frank martin, i'm a leader on the executive committee for the san francisco labor council, rise on the leadership you've established today that's going across the country in a strong and powerful voice from san francisco political leaders. it's useful to consider how laws are applied in the workplace and i ask you to consider how wage and hour laws are applied at the workplace. how discrimination laws are applied at the workplace. how age discrimination are applied at the workplace and how much resources go into enforcing those laws and why is it the amount of resources and the terrible havoc that it creates on working peoples' families is not considered in the equation of the action that's taken by government officials. i submit to you there is the -- one of the things that we see in labor is all too often when we see these silent raids going on are in those workplaces where we have the most active and effective unions. one of the matters you might look into is how those laws are affected and if they're affected to violate other laws, either discrimination laws or wage or

every country in the labor market is far from complete purchases are not only appreciate chorus. in the committee's decisions about your peace will remain contingent on its outlook for the labor market and inflation. as well as its assessment of the likely efficacy and cost of such purchases. i know it's a yell is testimony singles the continuation of the policies started under her predecessor and cranky whenever dang keep the fed bought trillions of dollars worth of bonds to drive long term borrowing costs lower in december of last year it started to scale back its stimulus program. the new fed chief also noted the recent herbal and sandoval financial markets. we have been watching closely the recent volatility in global financial markets. every since he is fit to eat it this stage. these developments do not pose a substantial risk to the us economic outlook. guillen also in short investors by saying interest rates would remain very low. us markets reacted positively to our comments with all three major indexes closed over one percent higher after her remarks. the dow jones industrial average clos

labor market indicators. they have their staff working on that now. there will be reports at the fomc committee. i wouldn't be surprised if in the march meeting or shortly afterwards the fed does come out with a new set of labor market targets which it thinks is more in tune with how tight the economy is. we just can't look at the unemployment report. you know, now when we have the obamacare estimates coming out, we have the cancellation of extended unemployment insurance, those are wreaking havoc with some of those figures. the fed is moving away, it is searching for a new labor market indicator. hopefully, we'll get it in a few weeks. liz: professor jeremy siegel of the wharton school of business and peter barnes, thank you so much. all day long peter's been giving us his assessment of what has been a very bullish sign for the markets. both janet yellen as you heard professor siegel say from wharton, don't count out that there may be a debt deal in washington. both of hose things are creating a very -- those things are creating a nice, fertile atmosphere for stocks right now. and the closing be

at home, mobilization committees were set up, bringing together business and labor.ert nathan, the chief economic planner for the arsenal of democracy, recalls that the first problem was convincing depressed industries to expand. the steel industry, with great impact, said, "you're silly." we were down to 15% to 20% of our capacity utilization for some years during the depression. i don't think we would have convinced them if we hadn't had the gnp to demonstrate what a fully employed economy would accomplish. plants began shifting toward munitions and liberty ships were being designed. another capacity had to be measured and planned for-- civilian needs. it was important to know how much could be devoted to the war without jeopardizing civilian supplies. if you didn't put it into civilians, people wouldn't be alive, and who would produce the products? an awful lot had to go to civilians. as economists made estimates, roosevelt and churchill met. the meeting in 1940 is known for the atlantic charter of rights for free people. it was also the culmination of months of b

people who dropped out, are they coming back to the work force and overall, the committee saw continued labor market slack. overall, there was a debate about the taper, there was a debate about what to do with that guidance. not a lot of decisions made on the latter one but you know how they decide on the taper. that was to keep going. what we're looking for is some kind of guidance, how much weakness is too much weakness for tapering, and we got some language today which is similar i think to the language we got from yellen last week. >> stay with us if you would. let's bring in jerry levornia. your initial impression of this? the fact that they had the debate on both fronts and people were talking about raising rates possibly, possibly in the middle of the year would seem to be at the margin hawkish to me. what do you think? >> it would, but there are a lot of people now on these committees, a number could mean a handful or less. to me, those minutes broadly reflect what chairman yellen said last week. the fed is going to continue to taper, it will end late third quarter, early q-4. >> it's

house of representatives, as federal reserve chair, janet yellen told the committee members a few things, the recovery of the laborarket is far from complete. the bank expects to continue cutting back its monthly shot of adrenalin to the u.s. economy. the gyrations of the stock markets worldwide don't pose a substantial risk to the economic outlook. the new chair, herred ins about the economy, and the outlook given congressional committees on this edition of the program. the newly minted chair of the federal reserve said the economy has made substantial improve over the past four years. >> sin the financial crisis in the depths of the recession, substantial progress has been made in restoring the economy to health, and in strengthening the financial system. still, there is more to do. too many americans remain unemployed, inflation remains below our longer-term objective, and the work of making the financial system more robust has not yet been completed. >> yellen said if the any continues to show improvement, the ed fed will likely again reduce its asset purchases. called quantitative easting, the bond buying pro

on asset purchases, quoting now, incoming information broadly supports committee expectations of ongoing improvement in the labor, the committee will likely reduce the pace of asset purchases in future measured steps at future meetings, however, chairman yellen says, purchases are not on a preset course. decisions about the pace will remain contingent on the outlook for the labor market and inflation. as far as the fed funds rate policy and the targets, the targets are for 6.5% unemployment and 2% inflation, remains. however, again, chairman yellen saying crossing one of these thresho thresholds. turning to the broader economy, the economy recovery gained traction in the second half of last year. nevertheless, the labor market is far from complete as far as the recovery there. the housing sector recovery slowed in the wake of mortgage rate hikes last year. overall, economic activity and employment will expand at a moderate pace this year and next says the fomc. they also say they've been closely watching the volatility in global markets. the fomc and miss yellen in her statement saying these developments do not

and the committee's decisions will remain contingent on the outlook for the labor market and inflation, as was the assessment of the likely efficacy and cost of such purchases. the committee emphasize that a highly accommodative policy will for considerable time after asset purchases end. the committee has said that it expects the current low target range to be appropriate at least as long as the unemployment rate , inflation is6.5% .5%ected to be no more than above the longer run goal, and expectations remain well anchored. crossing one of these threshold increase inmpt an the federal funds rate, but will indicate if it becomes appropriate for the committee to consider with the broader economic outlook to justify such an increase. in december of last year, and again this january, the committee said that its current expectation, they stop its assessment of a broad range of measures of labor market conditions, indicators of inflation pressures and inflation expectations, and readings on financial it likelyts is that will be appropriate to maintain the current target range for the federa

labor market and context of price stability. as i noted, there have been a substantial number of jobs created and unemployment has come down. in december, the committeee labor market to begin a measured pace of reductions in the pace of our asset purchases. we purposely decided to act in a deliberate way to take measured steps so that we could watch to see what was happening in the economy. we indicated that if the outlook continues to be one in which we expect and are seeing continued improvement in the labor market that implies growth strong enough going forward to anticipate such improvement and inflation which is running below our object to. we are likely to continue reducing the pace of our purchases. if the committee judges. to be a change in outlook, it would reconsider. it would reconsider what is appropriate with respect to the program. >> thank you. short-term proprietary trading caused the financial crisis? >> i would not say the short-term proprietary trading was the main cause of the crisis. >> i am sorry, it was not? >> i would not see that as the main cause. >> i think we would be in agreemenn on that. you have noted, i think, as of de

committee and inflation. a few other words are telling. employment. labor and unemployment. those are clues about yellen's core focus. a jobs market that she says is still not strong enough. here is what she sees. 48% of americans are working full-time. another 11% are working part-time. most voluntarily. some because they can't find full-time work. about 4% are looking for work. nearly 4% of them unemployed. 37% of americans are not in the labor force. some are retired and some are stay at home students. some have given up looking. janet yellen called on congress to fix the problem, but the fed cannot do it alone. congress has done nothing. you don't need to be the world's most powerful woman or billionaire to make a difference in the job market. lee bissell does not have thousands of dollars to spare. she is supporting a sick husband and two children. lee read an article on cnn about jean windsor. she lost her job as a home health care worker a year ago. her extended unemployment benefits ran out last year. she considered selling her living room furniture to help make the

state economies and these are according to estimates and data from the department of labor and the ways and means committee. so this has had a huge impact on families and a huge impact on the economies throughout this country. and congress should be doing everything it can to focus on creating jobs and improving our economy. theerk we have an opportunity -- this week we have an opportunity to do that. that's why we should vote to renew u.i. and help put more americans back to work and restoring these benefits is an imperative. we must do it. we have to act with a sense of urgency. people are out there every day looking for employment. they're doing everything they can to support their families. and themselves. and while this modest level of support helps them stay afloat, what they really want is a job. and so our constituents who are trying so hard and doing what they need to do to provide for themselves and their families are looking to congress to uphold its end of the bargain. because, frankly, mr. president, many of our constituents are running out of options. the rent's coming due, the telephone bill

labor market. and they've been very clear. many committee members coming out saying this was a threshold, not a hard line drawn in the sand. they're looking at that improvement in the unemployment rate against the drop back of 12 million americans who have dropped out. very stagnant wage pressures, an unchanged workweek. all of those measures showing vsh much less improvement in the labor market than that civilian unemployment rate would suggest. again, looking at that against the backdrop of a continued decline in inflationary pressures really spells maybe a more near-term cause for pause than for a near-term rise in rates. >> and greg, that's what makes it so interesting. at the same time, we have the cpi report this morning which showed that if you look at core services inflation, it's up about 2.3% on the year. core goods is falling 0.3% on the year. that prompted ward mccarthy at jeffreys to say this. once the commodity prices stabilize, headline inflation could rise quickly. what's your take? >> i think ward is exactly right. in fact,

the committee when it decided to begin the process of tapering measured steps believed that the outlook was one where we would see continued improvement in the labor market. if incoming data were to cause the committee -- >> what kind of data? jobs data? what kind of data? >> a broad range of data in the labor market including unemployment, job creation and other indicators of labor market performance. we would also look at indicators of spending and growth in the economy because we do need to see growth at a pace in order to project continued improvement in the labor market. and we note that inflation is running well below the objective. >> well, what would it take for the fed to consider sin creasing the asset purchases again? instead of just slowing down reductions? what would it take? >> well, a significant deterioration in the outlook. either for the job market or concerns, you know, very serious concerns that inflation would not be moving back up over time. but we will continue to evaluate the evidence. >> so fab they are reducing the bonds with mortgage backed securities. why did the fed choose to split it between mortgage backed securities

labor. they know because it's growing forecasts were wrong. evidence to r, in the committee, the leader of the conservative assembly group, it's not a sensible course of action and he was expressing very much a personal own.of his later, he received a letter from he welsh assembly group conservatives saying it's very much their opinion. wales? ks for is the leader of the assembly? job 's doing a superb standing up for wales. only he and i were discussing make sure the nato conference would be a success for the whole of the welsh in the terms of the bringing it we'll be forward legislation and taking steps and making sure that wails have a z real say. under our plan that's exactly do. we'll >> thank you, mr. speaker. a come of weeks ago, they opened the door to the new campus where it's firsttewardship ninety-six students will be earning the skills that young people need to compete under the future. ensure the young people across the country have more and able to reap benefits of the long term plan. >> making sure we have the best kills and best schoolses a key part of our lo

committee. vacant seat 2, succeeding robert muscat, term expired, must be active in labor organizations, for the unexpired portion of a two-year term ending y clerk: sf 51234 >>supervisor norman yee: okay. michael seville. >> thank you. it's my honor to be able to join the city. our city's ability to improve our capital infrastructure is one of the most important issues for our city. as san francisco continues on

going beyond what i'm paroling e proposing around labor rules and enforcement of the minimum wage and collecting the parking fees so we can be fully committee that the rules are being addressed and in with the san francisco full board of supervisors. i'll ask for your support if you have any questions, i'll be happy to answer them and if i can't mr. powers will >> any commissioner questions. >> commissioner dwight. >> on what basis was the parking sector 1i7b8d out. >> the parking in this industry there are a lot legislation that dealings deals with the industries that we know the parking destroy and most of the operators comply with the law but there's been a certain portion of parking lot operator that have been a fly-by night not complying with the rules and there's a demonstrated history of the minority parking lot operators ignoring city rules. in terms of the most significant issue is for the employees to not go up on the wage scale. we've not heard about other industries >> that's around employment practices. >> although those practices can spill over into - this is about parking lot operators that are meeting the need of san francis