we're pleased to have mike taylor here with us.efore he begins, i would like to introduce carol tucker foreman. she's has a distinguished history of working on food issue as an consumer advocate for cfa. i'd like to turn it over to carol. carol? >> thanks, chris. good morning. good morning, folks. it's a terrific pleasure to be able to introduce mike taylor, the deputy commissioner of foods for the food and drug administration this morning. consumer advocates who work with mike know that there's no other federal official who has ever brought the same level of intelligence, energy, creativity and integrity to the effort to make our food supply safer. as the administrator of the food safety and inspection service in the 1990s, he lead the effort to install the system, modernizing meat and poultry inspection, and he declared e. coli a 157 h 7 to be an adult rat beginning the long effort to overcome that terrible pathogen. he with a lot of assistants along the way from caroline smith delawawall worked to modee fda's food safety program

. >> please join me in thanking mike taylor. [ applause ] >>> the consumer federation of america's annual food policy conference continues with a second panel on combatting obesity and improved nutrition standards for schools. this is about an hour. >> good morning. thank you, again, for being here at the food policy conference. we're moving on to our last session. we have a terrific panel lined up to talk to you about some really key issues on the nutrition obesity front and administrative efforts on that and kind of give us an update of where things are and where we're headed. to begin the panel, i'd like to introduce sally squires. she's going to be moderating this panel and introducing our speakers. so sally? >> good morning. and i hope you're all enjoying this conference as much as i have. we were talking a little bit before this and just saying that this is kind of our, for those of us in the nutrition world and food world, this is our conference. there are a lot of conferences that occur, but it's really a pleasure to be here and see so many people. so thanks so much. and we have a

so i'm all in. >> please join me in thanking mike taylor. thank you. [applause] >> the senate today resumes debate on moving forward with a bill to extend the food and drug administration user fees. this bill deals with fees on prescription drugs with the funds being used to oversee safety of prescription drugs and medical devices. senators will also consider the nomination of california lawyer paul wattford to the u.s. court of appeals, a vote to move that nomination forward is scheduled for 5:30 eastern. the house is not in session today. members are taking the week off for its memorial day recess. live senate coverage now here on c-span2. the presiding officer: the senate will come to order. the chaplain dr. barry black will lead the senate in prayer. the chaplain: let us pray. eternal lord god, our provider, give to our lawmakers provisions for their daily needs. give them grace to keep your commandments, to accept your guidance, to stay on your path, and to walk in your light. give them stamina to run until they reach their goal and to be true to

taylor puzzle the trail of public trust. this the trail out ways the distinction that mike i.s.o.'s pertain to the liability discussed above. -- might otherwise pertain to the liability discussed above. >> the judge said that because charles taylor had been a powerful man, he should have shown more responsibility. >> for the foregoing reasons, the trial chamber unanimously sentences you to a single term of imprisonment of 50 years. >> the court reminded the world of some of the atrocities committed by the rebels mr. taylor had backed. the hallmark of the rebels was hacking of people's limbs as a terrible warning to anyone who opposed them. there are scars that will never heal. >> the long term impact is devastating. amputees who now have to live on charity because they can no longer work. young girls who have been publicly stigmatized and will never acrecover from the, they were subjected. >> mr. taylor could only listen. his defense team had never denied awful crimes were committed. the issue was whether mr. taylor had directed them. the defense had always said it was political th

taylor and then moved to dr. klein. how big can the balance sheet get? >> i already think it's too big. >> can you pull the mike closer, please? >> i think the quantitative easing, qe 1 and qe2, were not appropriate. that's why the balance sheet is as big as it is. if we had just done the interventions during the panic period, the balance sheet would already be back to normal, and i don't see any evidence that -- i've done research on qe1, and i think that it's already too big. i do worry about the size of it already because it has to be pulled out or there will be a bubble. in fact, right now we are already running a risk of a bubble, because of the commitment to hold rates so low for so long. i think, when you talk about bubbles and we talk about the fed's efforts to stop bubbles, i think the problem really is more, is the fed causing bubbles, rather than the responsibility to deal with them. so i see that concern in the housing bubble. i have seen other bubbles in the past. and you think about bubbles, let's not forget the fact that the fed itself can and in fact has in the past caused bubbles and it may be