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Jan 30, 2010
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it no longer make sense for it to be an opec. and it is relying increasingly on global trade. it's model is thailand, taiwan, singapore, japan. trying to integrate itself into the global economy, and the consequence is that you have steadily a decline in support for extremism. that doesn't mean that indonesia is islam any means liberal. there's plenty of conservatives but there is no support for terrorists. there are still terrorists in indonesia. there was a bombing just a few months ago. if you look at the results of the last election in indonesia, the country in an overwhelmingly voted for a moderate middle. the president's party even in head-to-head contest nation, against fundamentalist party. and the side of the fundamentalist party shrunk and the size of the radical groups is also shrinking. so what happened in indonesia is instructive. in the sense of having a direct correlation between rise of the middle-class and tie to the global economy, and a decline of extremism, and creation, if you would, of a perspective in the s
it no longer make sense for it to be an opec. and it is relying increasingly on global trade. it's model is thailand, taiwan, singapore, japan. trying to integrate itself into the global economy, and the consequence is that you have steadily a decline in support for extremism. that doesn't mean that indonesia is islam any means liberal. there's plenty of conservatives but there is no support for terrorists. there are still terrorists in indonesia. there was a bombing just a few months ago. if...
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because saudi arabia is the biggest supplier of oil to opec and the u.s. relationship with saudi arabia is important, as well. so you have all that. you also have oil transport throughout the region, a, as well. so all of this is really important to what fuels our economy currently. >> it goes through that very small opening right there in the gulf of aden. a tiny little area. >> a lot that travels hugh that area. this is what i made bigger over here. so anytime you hear about that, what you have to keep in mind is that there is this economic structure. you have to keep all that in mind when you look at the u.s., britain and other nations trying to face what's happening inside yemen. yemen is a point in a huge circle there. >> very good explanation. thank you. >>> this could be the year that we see a total overhaul of the health care system and some people coping with serious illnesses say that the help cannot come soon enough. >>> up next, john king has one man's battle against cancer. his story and the health care about your rock accuracy. i chose the bo
because saudi arabia is the biggest supplier of oil to opec and the u.s. relationship with saudi arabia is important, as well. so you have all that. you also have oil transport throughout the region, a, as well. so all of this is really important to what fuels our economy currently. >> it goes through that very small opening right there in the gulf of aden. a tiny little area. >> a lot that travels hugh that area. this is what i made bigger over here. so anytime you hear about that,...
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Jan 27, 2010
01/10
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we stop spending hundreds of billions of dollars on opec oil, we stop borrowing from china and do this without raising taxes. join me in supporting h.r. 2227. i yield back. the speaker pro tempore: the gentleman yields back the balance of his time. for what purpose does the gentleman from alabama rise? >> to address the house for one minute. the speaker pro tempore: without objection, so ordered. >> mr. speaker, i'm pleased that the president according to the press reports that we are getting over the last couple days will be proposing a three-year freeze on nonsecurity related discretionary spending. this is a good and necessary first step to control government spending and reduce budget deficits. however, our ballooning deficits mandate that we go even further. wasteful and unnecessary programs need to be i.d.'d. they need to be reduced, they need to be eliminated and they need to be eliminated immediately. i have and will consistently oppose legislation that i believe unnecessarily increases federal spending or funding programs that do not warrant support during a recession even whe
we stop spending hundreds of billions of dollars on opec oil, we stop borrowing from china and do this without raising taxes. join me in supporting h.r. 2227. i yield back. the speaker pro tempore: the gentleman yields back the balance of his time. for what purpose does the gentleman from alabama rise? >> to address the house for one minute. the speaker pro tempore: without objection, so ordered. >> mr. speaker, i'm pleased that the president according to the press reports that we...
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Jan 28, 2010
01/10
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opec has contemplated designated oil in a currency other than the dollar. and foreign economists have suggested that we issue our own government debt in yen or euros or yuan rather than dollars. while either of these actions is likely, it is clear that the federal reserve needs to pay greater attention to the dollar's value when making monetary decisions. the preeminence of the dollar is synonymous with american prestige abroad. nothing represents our nation's soft power more than its strength. another chief concern is that during chairman bernanke's tenure the federal reserve and other banking regulators showed an inability to use banking examinations to distinguish teen good and bad loans. before the housing crisis, banking regulate recovers were permit -- regulators were permitting banking institutions to lend money to people who weren't able to repay. now, however, in seeking to be more cautious bank regulators are making another mistake. they've been telling institutions in my home state of arizona, and throughout the country, not to make loans even to
opec has contemplated designated oil in a currency other than the dollar. and foreign economists have suggested that we issue our own government debt in yen or euros or yuan rather than dollars. while either of these actions is likely, it is clear that the federal reserve needs to pay greater attention to the dollar's value when making monetary decisions. the preeminence of the dollar is synonymous with american prestige abroad. nothing represents our nation's soft power more than its strength....