back in december, 2006 and this gets me to comments that senator bayh touched on, december 2006, the u.s./china strategic economic dialogue you described china's currency as an effective subsidy for chinese exrters. you know how many jobs depend on our trade deficit or we hope shrinking deficit, not a lot of evidence f that long-term that i can see although you touchdown on that. but explain whether you believe your words effective subsidy is still in place and whether the g-20's commitment to rebalance growth can be achieved with this apparently slow and gradual appreciation of the yuan. >> related to my answer tones senator bayh about the current account deficit, there are two tools to address imbalances. one is you change rate flexibility. the other is to rebalance your economy so that it's more dependent on domestic demand rather than on exports. on the latter, chinese have made some progress. they will have through fiscal policy and other policy actions they have increased somewhat their dependence on their own domestic demand rather than excessive reliance on exports to some ex

yoshi -- i was at a party with her saturday on east bayh. i said how did you get involved in jazz about 50 years ago? she has a compelling story. she's a japanese-american. her husband sort of liked it and sort of grew night, and she has -- i don't know how she's doing over in alameda or oakland and here now, but she has some really good ideas about maybe she could teach or be a guest speaker at san francisco jazz, just telling people, well, how do you get started, how do you put the venue together, how do you mix it up? she also has c.d.'s that she sells also. maybe this is something that, as a group, you can work with these other organizations to make sure that you're discussful in the future. i know -- successful in the future. i know over 10 years you've gotten money from grants for the arts and you're well respected from ker reschulman downstairs. and i think you're doing the right thing. you have the influence, not just the opera and the ballet, but all of the other venues along market street. so thank you for coming to us and sending

back in december, 2006 and this gets me to comments that senator bayh touched on, december 2006, the u.s./china strategic economic dialogue you described china's currency as an effective subsidy for chinese exporters. you know how many jobs depend on our trade deficit or we hope shrinking deficit, not a lot of evidence for that long-term that i can see although you touchdown on that. but explain whether you believe your words effective subsidy is still in place and whether the g-20's commitment to rebalance growth can be achieved with this apparently slow and gradual appreciation of the yuan. >> related to my answer tones senator bayh about the current account deficit, there are two tools to address imbalances. one is you exchange rate flexibility. the other is to rebalance your economy so that it's more dependent on domestic demand rather than on exports. on the latter, chinese have made some progress. they will have through fiscal policy and other policy actions they have increased somewhat their dependence on their own domestic demand rather than excessive reliance on exports to s

to explosion at the texas city location was a tramming did, riffly after that, a year, the prudhoe bayhlicly acknowledged our responsibility for the short comings. we knew we could not change the past. but we were determined to learn from it. and to fundamentally change the way we operate based on what we learned. to do that bp their review was widely considered one of the widest, most deep-reaching internal investigation ins history. fwol following the 2005 and 2006 incidents, we developed a form to transform a commitment. this is not just a commitment on paper. we've taken real steps, measured and sustained results i had an vested billions of dollars in implementing this ajend ia which had four main elements. >> first we acknowledged that oversight is drill. the tone from the top maters. from the moment tony hayward became c.e.o. in 2007, he made it clear that for safety, bp's safety is our number one identity. >> he has worked to dry cascading -- and he comprise it is company's most senior scufertse. -- securities. and identifies years where additional focus is needed. ballpark bm al

there is three democrats, conrad, nelson and evan bayh in the clip saying that is not a good idea., yes. these tax cuts are quite expensive. we just went through a big fight called the deficit versus spending and people who are concerned about the deficit won because look at how much that package of unemployment benefits had to be wittleed down to pass. all of a sudden republicans don't care so much about the deficit any more. they just care about tax cuts. the problem for the obama administration is they are also a little bit pregnant on this because they want most of these tax cuts to continue, too, which is bad for the deficit. i think there has to be some kind of a deal. maybe that they continue temporarily, business tax breaks instead of the high end ones. this is a volatile issue for this election year. being accused of raising taxes is not where the obama administration is wants to be. >> raising taxes for the wealthy. >> wealthy but it is a big charge to be raising taxes in a recession and also adding to the deficit. >> chris: one of the other factors in the whole debate ab

erskine and bayh thank you as you deserve an august recess i think. all of you have been most generous with your time and talent and you are a very special band of warriors, for it is a thankless task and marvelously under criminal to [inaudible] i found that wandering through the village in coach, not all the time of course, paying the spread. and so we are all contributing to this cause and i know many members, all members are paying their own way in many ways and some instances. well, martyrdom has never been my dad. but i must say sometimes the slings and arrows of outrageous fortune to rain down on my whole dome. at one for my friend and i were asked why would you do this and we've responded 13 reasons. seven randchildren for erskine and six for me, and that is my driving engine of, and with our great space experience what would be like 30, 40 or 50 years this beloved country? because if the present course cannot be altered, if this great state cannot respond to a new heading, if, quote, we will do with leader, is the craven call of the selfish s

to stay and work toward building the confidence of the afghan people, will the rules of engagement, bayh clearly stating them as you have, also tell the taliban that it will be gained, set, match one of these days in terms of their future? >> what impresses the taliban has not the rules of engagement. it is the price -- the precise target operations that are designed to to give them no rest. if you can get your piece into the jugular of the enemy, you do not let go. relentless is an important word to describe the campaign against the taliban, just as it also describes other efforts. they also have to be relentless and our commitment to help the afghan government provide a better future for their people. >> we talked a few weeks ago about the benchmarks and metrics of our success. in that regard, what should we expect between now and december just as a date employed of time? >> we will be looking at will be the security situation in districts, and in some cases, even sub-districts, because you have a fairly granular look at this. then you can look at levels of violence within districts, f