it includes michael o'neill and ursula burns. this is an hour. >> ladies and gentlemen, please welcome our first panel to remain competitive in global markets. we have ursula burns, michael o'neill, and general james jones. >> good morning. my name is steve pearlstein. i'm a colonist at the washington post. i'm also a professor at george mason university. that is where i spend most of my time these days. it is a privilege to be here again.

i will ask michael o'neill to join me. i have had the privilege of getting to know him. he is that chairman of citigroup. he also ran the bank of hawaii for a number of years. .robably nicer weather there one of the best banks in the country. let's give him a round of applause for that. [applause] to say -- reluctant you have been in the banking industry for a long time. as citibank, you're one of the largest banks in the country. what are the big changes in 30 years? fromare some takeaways that perch you are in question >? >> where do i begin? first of all, it is 40 years in the industry. the environment we are in now is clearly one with economic prospects are less clear. i think, thinking, when there was great confidence in the u.s. that is no longer the case. that needs toint be made is regulation. it has become a much bigger part in the banking business than it was then. i learned early in my career what not to do them what to do. there is a name that some of the older audience members will remember. the bank failed. it was perceived too big to fail at the time. the

thank you for being attentive i will ask michael o'neill to join me to it is right here.he privilege of getting to know on the vice three committee the chairman of city group, he also ran the bank of hawaii for a number of years. probably had nicer weather there and the bank of paul weiss was named to the three at of the last five years one of the best banks in the country, the best bank in the country. let's give him a round of applause. [applause] i am always reluctant to because it has been so long you have a 30 year perspective but you have been in the banking industry for a long time and part of the third largest what are the big changes? what are some of the takeaways from your perch? >> where do i begin? by the way it is 40 years in the industry not 30. >> i was trying to keep you younker. >> the environment we are in now is one where the economic prospects are less clear. i started thinking there was great confidence in the u.s. it was the locomotive that drove the world economy. that is no longer the case. another key point* that i think needs to be made is regul

transcripts or to give us your comments about this anda.org.isit us at q >> next city chirme michael o'neill talks about the economy. hen remarks from transportation secretary and vice president biden. tomorrow on cournl washington post political editor

we have ursula burns, michael o'neill, and general james jones. >> good morning. my name is steve pearlstein. i'm a columnist at the washington post. i'm also a professor at george mason university. that is where i spend most of my time these days. it is a privilege to be here again. some of us were here last year. we have an interesting panel. mike is paid double today because he is doing two of these two times zero is still zero. >> just that i prepared for. >> good. filling in for larry summers. >> tough job. >> i will introduce each of the speakers and they will briefly introduce what subject they would like to talk about. focus on one thing about competitiveness. will you guys on the end move in a little bit so we can see each other? feel free to jump in and ask questions of each other. i'm not the only one who has questions. we will start on my left. ursula burns. she joined xerox corporation as a summer intern in 1980. it is safe to say she has moved up the ladder. she is now chairman and chief executive. she's also vice-chairman of the president expert cou

citigroup chairman michael o'neill spoke at the annual export import bank conference early today about to the european economy and cybersecurity issues. here is a look at what he says keeps him that night. >> question i would like to ask, what keeps you up at night. >> well, that is a silly disposition. i sleep less well, i will tell you that. what keeps me that might? well, i worry about the sustainability of the economy, and europe continues to be a problem. i think it is being dealt with on balance in a good way but it is a long-term problem. i think the export oriented economy, given the problems in our slow growth are slowing down and still continue to perform okay but certainly not as they have in the past. you know, we have our own unique problems at this point with the government increasingly dare i use the word dysfunctional don't quote me, please, but i'd sure i will be. you know, the issues that people are wrestling with and need to get resolved hopefully sooner rather than later. but coming to know, i'm no expert but i am not terribly confident that a big bank solution is g

participants include xerox ceo ursula burns, citigroup chairman michael o'neill and retired general james jones. and just looking ahead at the schedule, coming up at 11:00 remarks from transportation secretary ray lahood. and then at 12:45 eastern vice president joe biden will deliver the keynote address. live coverage today on our companion network, c-span. and, again, here on c-span2 we'll have more live coverage of day two of the society of american business editors and writers' conference when it resumes. [inaudible conversations] [inaudible conversations] >> when the conference continues, the focus will be on how to landscape the business landscape has changed since the 2010 revamp of regulation. and until then the rule role of social conservatives in politics from this morning's "washington journal." >> host: he's with the southern baptist convention, he's president-elect of its ethics and religious liberty commission. good morning and thank you for being here. >> guest: thank you for having me. >> host: what is the southern baptist convention, and how does your role relate? [inaudi

during the 14 years that bob michael was the chief of staff, tip o'neill was the speaker. ronald reagan was the president. during that eight-year period they all worked together to fix social security and the tax cuts which they passed during the recession during 1982 to 1985. they all worked together. they came together and they made progress. >> did the politics change from michael to gingrich? >> well, they changed in style i would say that. but look, newt was speaker when bill clinton was president and we got to a balanced budget. and they did it by talking with one another, working with one another and ultimately compromise. and i think the style -- look, newt's style is different than bob michael's style. but in the end, they did what was good and right for the country. >> when did you first meet bob michael and how did you become chief of staff? >> well, i grew up in peoria. when i was growing up as a young boy, bob michael was our congressman. he served for 38 years. and so i had known him. i had known no other congressman during the whole time that i was growing u

matthew laporte, henry lee, livuiu, labrescu, lauren mccaning, daniel o'neil, wasn't ramone or tees, minal panchal, aaron peterson, michaelde, mary karen reid, rema semaha, lesley sherman, maxine turner, nicole white. i read those names, mr. president, to honor those who were killed and had their lives snuffed out on april 16, 2007. i acknowledge also that many students and faculty members were injured and we have with us in the gallery today both family members of those who were deceased and even some students who were injured. i also honored all in the virginia tech community that is very close and still suffers the wounds from this terrible shooting. mr. president, in the aftermath of the shooting at virginia tech six years ago today, we learned a lot. we learned that we have to make fixes to the mental health system, that school security and safety is incredibly important, that alert systems that can moatify people when bad things happen are incredibly important. but, mr. president, we also learned a tragic but important lesson, and that is that background record checks make us safer. the young, troubled individual wi

michael is back with us, i'd like you to finish out. i want to say something about boston, i worked up there for tip o'neill.hat city, region back in the 50s and 60s was a dying area, lost textiles to the south because of labor, shoe industry, lost the industries, and they were dying and came back. it's a very positive part of the country. the spirit of the sox fan sun matchable. and the spirit that have community, the hub of the united nations they call it, england is a region, centered around boston. it's so much a comeback region for the last 50 or 60 years, i don't think it's going to hurt it. >> this is a terrible tragedy. this is a time to think about the victims, figure out who did it and catch them. but i'm with you, i lived and worked in boston for four years, i was just up there last week. this city like new york did, like pennsylvania did, like washington, d.c. did, will recover and do great, and my prediction the boston marathon will be bigger, stronger and more emotional than ever. i happen to have run the marine corp. marathon in 2001 just a couple months after 9/11, and this city and this coun

to mickey, michael, i watch you all the time on msnbc and sometimes i wish you could get a chance to finish your statement. when you are speaking about bipartisanship i remember when tip o'neill and ronald reagan were good friends that by partisanship always started at the water's edge and they're used to be a lot of bipartisanship and it's only recently that this debate are not increasing the national debt and turning the whole country upside down. i think the u.s. to agree on the national debt and then he changed his mind on that. so, what do you see happening in terms of getting -- and i say the republican party closer to the minimum where it used to be. i come from new york and we have seen so many good republican senators to washington. >> let me disabuse folks of one particular idea and i will be interested to get mickey's review on this one. i've come to the conclusion as a native washingtonian that grew up in washington, d.c. who has for me my local news was national news, it was what was going on in washington. it was not national. it was backyard stuff. and i agree with you, i have watched that transition away from this idea of bipartisanship. the last truly biparti