it's hard to take the politics out of economics. i think the most important thing we can do is just try to demonstrate and explain that we are working to address the problems that exist between us. >> rose: also this evening, francis phuc yam ma, the political scientist who's new book is called the origins of political order. >> i've never seen a period where you can have such a period of outcomes. even if two of the cases turn out good, egypt and tunisia develop into democracies. yemen could sink into a state of chaos and it's already got al qaeda there. >> rose: an exclusive conversation between the secretary of the treasury and the vice premier and francis fukiyama when we continue. every story needs a hero we can all root for. who beats the odds and comes out on top. but this isn't just a hollywood storyline. it's happening every day, all across america. every time a storefront opens. or the midnight oil is burned. or when someone chases a dream, not just a dollar. they are small business owners. so if you wanna root for real her

the stock market nouveau riche are sparking an interest in economic doctrine. religious leaders from the dalai lama to muslim mulas revere jesus as a human being. just who was jesus christ and how does he fit in the 21st century? we'll ask yahya hendi, muslim chaplain, georgetown university. and mark edward dever, baptist, southern baptist church. ifwo t is rdckllpawa if i live to a hundred. if social security isn't enough. if my heart gets broken. if she says yes. we believe if should never hold you back. if should be managed with a plan that builds on what you already have. together we can create a personal safety net, a launching pad, for all those brilliant ifs in the middle of life. you can call on our expertise and get guarantees for the if in life. after all, we're metlife. >>> welcome, welcome, imam, and welcome pastor dever. i want to talk about and present the proposition that the economic condition of any nation has profound impact on all phases of social living, cultural living, and spiritual -- the spirituality of the era. and we'll develop that as

the u.s. china strategic and economic dialogue and shows us how the relationship between these two countries is evolving. they say you should keep your friends. and your enemies closer and as far as where china fits perceptions continue to evolve at this year's u.s. china strategic economic dialogue an attempt by officials from both the u.s. and china a friendship we each recognize that our ability to work together is important to the overall health and stability of the global economy here friends the people of china to stay in the same global village you on the west decide we are least the purpose to open communication on concerns like the debt ceiling in the u.s. and the rate of currency appreciation in china and joint concerns about the environment we both have a great state income being climate change and charting a clean and secure energy future currently china is the second highest producer in the world of renewable energy technology the u.s. ranks seventeenth the overriding theme for day one of the u.s. china strategic and economic dialogue which will respect and understanding just becau

but that was the sort of economic consequences of the floods. there were political consequences too of the pakistani floods and this is very important because they have a bearing on what is going on today in the country. the provinces are largely language based and contain different ethnic groups. they are all the time driven by tensions that sometime erupt into sort of violent conflict. adding to these are the sectarian conflicts and concentrated in central and southern punjab between the shia and the sunni, which are also accident -- exacerbated by the economic hardships exacerbated by the floods. some parts of punjab benefited from the flood relief. other hearts felt excluded. the central government of course at that time, the people's party coalition led by president zardari, was viewed as weak and ineffective at the time of the floods. but it did survive the turmoil, the political turmoil. one would expect perhaps the government would move forward but it didn't fault. why? not because it was strong, but because the authorization there was t

in an ideal world, we would have all of the economic analysis of fraud. but given what i know, i am comfortable moving this forward. and potentially to meld the two in the future. >> i will quickly added that i continue to remain undecided on both pieces of legislation. my concerns are identical which we brought up earlier. and i will support moving it forward without recommendation. >> just to follow up, i want to say that your comments about the legislation being or not being mutually exclusive, i think there is room for them to have those pieces of legislation to emerge. i thought it would give us time to have a final version that everyone can agree with. that is not a piece that we have today going have today going forward. >> on the motion to refer item #3 to the board of supervisors without recommendation, supervisor -- supervisor mirkarimi. >supervisor mirkarimi: aye. supervisor chu: and to refer item four to the call of the chair. >> supervisor kim. supervisor kim: aye. >> supervisor wiener? > supervisor wiener: aye. supervisor chu: supervisor chiu

in an ideal world, we would have all of the economic analysis of fraud. but given what i know, i am comfortable moving this forward. and potentially to meld the two in the future. >> i will quickly added that i continue to remain undecided on both pieces of legislation. my concerns are identical which we brought up earlier. and i will support moving it forward without recommendation. >> just to follow up, i want to say that your comments about the legislation being or not being mutually exclusive, i think there is room for them to have those pieces of legislation to emerge. i thought it would give us time

the u.s.-china strategic and economic dialogue in washington. this is part of yesterday's talks which includes a news conference. >> good afternoon, i want to begin by thanking our chinese colleagues and the entire chinese delegation for a productive and comprehensive dialogue between us. along with secretary died near, i also want to thank everyone on the american side, not just those in the state department or treasury but in deed from across our government. the unprecedented level of involvement and the extraordinary work that has taken place since our last meeting in beijing was truly impressive. his strategic and economic dialogue continues to grow broader and deeper. it reflects the complexity and importance of our bilateral relationship. we have covered a lot of ground together. i am happy to report we have made a lot of progress. the list of agreements and understandings reached is quite long. we have seen concrete progress on a wide range of shared challenges from the energy and environment to international trade and security. for exampl

various areas on the economic side. touches me from a professional standpoint. this is as opposed to a water system or a public utility. but my experience is probably most relevant because this was expected to be a vertical solar company. being a financial controller for this company, we were building some solar farms in canada and i was instrumental in this. this does provide some debt experience for the construction and the project management as well. >> we were wanting to contact you a couple of times to ask if you had attended any of these meetings. >> i did speak with the gentleman on the phone. and i just got this the other day. i certainly plan to spend time with someone like him and others. >> i only ask because we were hoping he would do that before the rules committee today and i would feel more comfortable continuing -- we would love to support you for a position and we appreciate your commitment to wanting to serve the city but we want the applicants to meet with them prior to confirming the appointment. of c

various areas on the economic side. the project touches me from a professional standpoint. this is as opposed to a water system or a public utility. but my experience is probably most relevant because this was expected to be a vertical solar company. being a financial controller for this company, we were building some solar farms in canada and i was instrumental in this. this does provide some debt experience for the construction and

that was the sort of economic consequences of the floods. there were political consequences too of the 2010 floods, and this is very important because they have a bearing on what's going on today in the country. since pakistan's provinces are largely based and have different ethnic groups, they are driven by tensions that e represent into sort of violent conflicts. adding to these are the sectarian conflicts concentrated in central and southern of the country between the shia and -- some parts benefited from the flood relief, other parts felt excluded. the central government, of course, at that time, the people's party coalition led by the president there was viewed as weak and ineffective at the time of the floods, but it did survive the turmoil, the political turmoil. one would have expected perhaps that the government would fall, but it didn't. it didn't fall because why? not because it was strong, but because the opposition there was completely divided on regional grounds, and the largest opposition party, former prime minister, pmln, re

was giving and the economic policies that i.m.f. economists top learned themselves at the university of chicago and other orthodox economics schools and then we're putting into that into economic policy advice to developing countries are the wrong kind of policies and advice from most countries in the world and that you need to have very very very differential situations for each country and they're not going to and as we all now know economic theory is described by new liberal or the docs economic schools he's just floored it doesn't work with the way our real world economic systems work markets still but aren't perfect even though no no i agree with that kind of economic theory no no no i believe in a higher call milton friedman you might know but no one is pursuing that chicago university does not have the great influence but you give it credit for the people who really influential i really happening is that you've got a greening of the outlook of leaders of international institutions and politicians where they've taken up i disli

the project. about 370 indirect jobs. translating into total economic output of $3.2 billion total, $178 million per year in the side shows the estimated drop to permanent employment generated by the category and industry proposed for the project. land uses, the land use and industry that we selected here are based on the land use mix proposed for the project. other documents get at the estimated number of direct employment numbers. what we did was we applied the average wage to try to get an estimate or idea for what previous imp -- what employment would look like on the island. with an average income of $60,000 that build up and occupancy. >> to be clear, you expect during the construction plays -- phase of the project you expect to create 120,000 jobs and after the full bill that is completed , 2200 ongoing jobs. >> correct, that is phased in over time. jobs and so forth arts -- expected to come on line. supervisor kim: when you talk about an additional 1400 direct and induced jobs, can you explain what that means in detail bella >> you are talking a

if we do not, the economic damage will be much greater. confidence is much more expensive to restore tt is to keep. it's really are dead problems unaddressed, thosehat lend us the resources will eventually demand higher interest rates. higher borrowing costs for american household and businesses will discourage future private investment. a dollar we cannot spend on more productive investments, like education. for all these reasons, the choice we face is not whether to get our fiscal house in order, but how we do it. to provide some context, consider the following facts. in the uted states of america today, 40% of children born each year are covered by medicaid. if you were born today in hard- pressed communities, like detroit, st. louis, or baltimore, you are more likely to die before your first birthday than if you were born in the tree line up for belarus. in education, we're losing ground. only about half the kids graduate from high school. over the next 25 years, the number of americans eligible for medicare will double. the number of w

private sector brings together commitments to the economic empowerment of women throughout the apec region. a steering committee, specifically for women and the economy summit, has been formed, two of the founding companies are here. devry and mervell technologies. women play a powerful role in the global economy and within the apec region. women's participation in the labor force can increase the long-term gdp, and in relevant cases, reduce poverty. in many economies, increasing women's employment rate is beneficial to that process. for example, by increasing the u.s. female employment as equal, it would increase gdp in the u.s. by 9%. in the year rose done by 13%. in japan, 16%, according to a study from goldman sachs. so we are talking about women's economic empowerment, not just in being the right thing to do. it is actually the economic effective thing to do. in that mind, our policy discussion focuses on access to capital, capacity and skills building, access to markets, and women's leadership. so we are really try to put an agenda together to improve the economic growth of the entir

institution and do away with the economic germany of the bretton woods system is still a matter for debate presently the i.m.f. is the only global financial institution with billions of dollars at his disposal that proved quite handy during the recent financial crisis we are one shark away from. if a national crisis taught us that prevention is better than cure. we cannot afford to forget that lesson regional lending institutions can provide an alternative to the dominance of organizations like the i.m.f. but such spin offs can hardly wield the same political and economic power in the time of crisis nonetheless the world is changing very quickly and it remains to be seen if the i.m.f. in its current form will be able to keep up with the tempo of our ever globalizing world charney for cross party. ok and i think the daniel first thing because because you would have a provocative article a few days ago so i'm going to read one of the provocative sentences and i think it's the first sentence the imus's i missed as function more l

i and the burning is more of economically. the russian president and also the russian prime minister putin altro who tracked investments and solutions early versions of russia's companies many analysts littleness like yourself say that russian companies are considered to be undervalued today so do you think that chinese are ready to invest in to go shoe companies interest is business. as i know there are lots of enterprise of china not only national companies but most are the private companies clay are very much interest. in left amount. we think that if it's a good cooperation trial centers and some people want to have a trial. but also we think that chinese market is also are there along that that russian companies are to be entered into chinese markets to be doing something so we waive court which have a stratagem cory's the going out strategy according to most outsiders understanding going out that means china's going out to get sounds in to grab something but it's only chinese hard to say thing. that trade them the real me

the breaks. i was burning is more and economically. the russian president and also the russian prime minister have been putting the all trying to attract investments into russians versus informations companies many analysts economic terms like you sell so you that russian companies are considered to be undervalued today so do you think that chinese are ready to invest into russia to come to these intuitions business. as i know there are lots of enterprise of china that's our national companies but most are the private company and they are very much interest. investment. oh we think that if it's so good cooperation trials and so some people want to have a trial. but also we think about strenuous marketers also are welcoming that that russian companies are to be entering into chinese market to be doing something so we we're part we have a strategy cory's the going out strategy according to most outsiders understanding going out that means china's going out to get something to grab something but it's only chinese to say thing. actually the

talk to me about the role of sports in the city's economic future, from the 49ers to the america's cup. talk to me about sports in san francisco. >> i was fortunate growing up. i was one that had season tickets to season49ers -- season tickets to the 49ers from what i was 8 years old. one part is economic, which i'll get to in the second, but the other part that is missing is what it does for the city of san francisco to bring us together as a community, as a city. what happened when the 49ers won those super bowls year after year? that was a huge deal for our city and our community in san francisco. what happened with the world series this year when the giants won for the first time in over 50 years? incredible. everybody was celebrating. and that is a huge deal for our community in san francisco, but i think, economically, not only jobs in terms of construction of stadiums and what have you. economically, you know, for those people who do not believe or do not really fully appreciate what type of economic drivers the sporting events and teams are, go down to soma during a giants game

sense, not the capitalist socialists but more global economics and the new economic order and in cultural sense the revival of the civilization, cultural values together with the global aspects. in that sense we have a geopolitical and geocultural transformation of the world order. and english transformation, certain countries have a potal role where these political, economic, cultural transformations are interlinking. when you lk at turkey, turkey's at the right central geographical position in the sense of geo yo political transformation from eastern europe in 1990s, now after 2000 and in the middle east in central asia and therefore in the last 20 years there has been a circle of instabity but at the same time in 1990s bosnian crisis, also a crisis, macedonian crisis in balkans and transformation. later transformation in caw care ya, georgian revolution and in central egypt the transformation and now in the middle east. so all these are around turkey. and these regional transformations will be affected global politics like the war in iraq, now libya, et cetera. in econo

the super economic superpowers the e.u.the us and you have china and very each each of going to each one of them have fairly unique problems but taipei related and the correlation between the problems of basically the bubble and how they handled it the e.u. is in a highly indebted steph ation every state so is the us the e.u. has the many chiefs in and of india's problem where they have. separation of strong economic countries and the very weak economic countries that are pulling other countries down and they're going to default to restructure you've heard it from me it's guaranteed to happen it may be called something different but it's guaranteed to happen and that's going to do significant damage to the euro and close rates spike the u.s. has too much debt and basically running a ponzi scheme a treasuries there's no way in the world that treasuries should be increasing in price and that race will not go up and then you have china which. anecdotally appears to have avoided all this because of it simply ran a bubble they o

what are the not-controllable economic conditions that drive that? part of the issue will be pension reform. that is something that i think is on the minds of many people, not only in san francisco, but elsewhere around the nation, and it certainly will be a topic here as we look at how it is we can control some of our costs and understand where our trajectory of our budget deficit is going to be. certainly, the budget is not simply a numbers issue. it has a big impact when you translate it into the lives of our residents. when you are talking about deficits that may impact the morning commute because you write muni -- you ride muni, or whether we're talking about closing down seven facilities, or whether we're talking about impacts to services, there is an impact to residents, so i think that impact of the budget is big, as well as economic growth for our residents. >> what are the biggest issues for your district? supervisor chu: sunset district is a great district. it has many residents who are families. we have a lot of families in our district. l

let's again, that 2% savings is a positive in terms of the economic impact. that value is funneled into other sectors. one of the final factor is that we look that was determining how the development would affect the property tax base. upon completion in 2030 or so, we projected a $25 billion increase in assessed value, which explains the units that would not be taxable. i have included here a blurb about property taxes and how they are allocated city-wide. we get about 65% of the 1% base tax rate with the balance going to schools and other local jurisdictions under the proposed financing plan. 57% of the space would be allocated to the eye of the with 10% used for affordable housing. the remainder would be to support the issue of bonds used instead of tax commitments and redevelopment tax increases. this means a% allocated to city funds, which the comptroller would determine, that allocation of 8%, how much to this fund and how much to city funds. finally, this is a summary of the major economic impacts that i went over, including one time impacts, presented

has the too many chiefs and none of india's problems where they have. separation of strong economiccountries and the very weak economic countries that are pulling other countries down and they're going to default restructure you've heard it from me it's guaranteed to happen it may be called something different but it's guaranteed to happen and that's going to do significant damage to the euro and culture it's spike the u.s. has too much debt and basically running a ponzi scheme with treasuries there's no way in the world the treasury should be increasing the price and that rates will not go up and then you have china which. anecdotally appears to have avoided all this because they simply ran a bubble they opened their bank spigots they told everybody to lend include anything that could be considered transaction in g.d.p. and it looks like they're doing well they're going to crash and trade it's going to be an inflationary crash one way or the other but i think the three powers are basically waiting for the other to get a lot closer grass gets to where. capper flies in a direction th

the economic club is the nation's leading non-partisan forum for economic policy. more than 1000 guest speakers have appeared before this club over the last century and have established a strong tradition of excellence. tonight, we continue that tradition. first of all, i would like to recognize the 143 members of the centennial society. these club members have made a personal contribution to assure the financial stability of the club into its second century and their names are in your programs and on our website. i would also like to welcome economic students from the city university of new york graduate center from fordham university and manhattan college. they are here as our guests this evening. we are honored tonight to hear from the speaker of the u.s. house of representatives, john boehner. he was sworn in in january of 2011 as the 61st speaker of the house. he is in his 11th term as representative for the eighth congressional district of ohio. he is the second of 12 children. at the age of 8, he was already sweeping floors in the family tavern. he went on to

supervisor chu: america's cup has the potential to serve as an economic engine for us. we knew that going in, and that is why it was such an important effort on the city's part, to bring that activity to san francisco. not only would it result in improvements on the pier that we were not able to afford any other way, but it helps to bring about jobs, people coming to visit, helping with our tourism industry, everything else associated with having a major event in the city. that is something that helps bring up the economic opportunities of a community, and that is very important. if you think about the role of sports in san francisco, we have to think about the giants and how amazing that whole experience was for us in terms of the world series. we had people in my district as we were coming in for the parade on muni. everybody was dressed in giants colors. everybody was in such an elated mood. everybody was brought together, no matter what ethnicity, what community, what neighborhood, what socio-economic place you were from. people were excited and happy. that is someth

is the economic future of a country if you bet be insolvent fail be able to crash hit the bottom or to be on our way back up we have economic productivity. at a brisk level. we decided not to do that we decided if you go dogs in place and now rejecting law so out of it i have absolutely no idea what they're going to the number is but the actual true economic cost is future growth now as for any other bailouts also read another article this morning oh yesterday stating that the banks are considering settling their fraudulent foreclosure issues with attorneys generals etc for five billion dollars if they get away with that that is in essence a girl out because we're talking at least twenty twenty five billion dollars of potential liability at minimal from a realistic economic perspective so if you could if you could take twenty thirty billion dollars of your problems and you can buy them sell them all for five billion dollars you've been bailed out to the tune of fifteen billion dollars let me get your comments on something that's in the news is to talk about goldman sachs for a moment t