John Snow
John Snow
John Snowwas an English physician and a leader in the adoption of anesthesia and medical hygiene. He is considered one of the fathers of modern epidemiology, in part because of his work in tracing the source of a cholera outbreak in Soho, London, in 1854. His findings inspired fundamental changes in the water and waste systems of London, which led to similar changes in other cities, and a significant improvement in general public health around the world...
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Beyond the United States, in Asia and elsewhere we have seen where the excessive reliance on bank financing has contributed to financial crisis, ... help China's economy shift from savings to consumption without sacrificing growth.
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China can quickly take advantage of these important advances and thereby 'leapfrog' in the development of its financial sector,
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To have well-functioning financial markets, you need deep and liquid markets with expertise and talent and you hurt yourself if you cap yourself off from resources and talent that's available around the world.
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A stronger financial sector, combined with steps like the liberalization of the retail sector and more effective use of technology in the agricultural sector, would jump-start a surge in investments in India throughout the agriculture and food processing sectors that would add jobs and increase productivity,
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I think that China remains committed to greater flexibility in their currency and opening of their financial markets, ... It's an irreversible course and we think they're now in a position to move even faster.
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Many financial institutions are implementing contingency plans involving a variety of actions that will help the people of the Gulf Coast,
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That's a large message, it's not really different from the message we were taking to China, that well-functioning financial markets are in a country's best interests,
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Governor Zhou and Minister Jin reaffirmed this fundamental commitment and reviewed with me a number of initiatives under way in financial markets, particularly with respect to the trading platform ... that are preparing the way for greater currency flexibility.
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We will take the ball, ... It's our turn to run with it.
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It would be our hope they can do that quickly within a week,
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It would seem to make sense to think that we could see loss of GDP growth rate in the quarters ahead of half a percent or so,
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These extraordinarily high energy prices are a negative, ... They're hurting the recovery and they're extremely unwelcome and it's time...for the Senate to go back to work and pass the president's energy bill.
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Bottom line is: I am confident we're going to see those 'Help Wanted' signs go up again in greater and greater numbers,
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Thanks to the changes we've made in currency design, thanks to aggressive law enforcement led by the U.S. Secret Service and thanks to an informed public, we've been able to stay ahead of the counterfeiters,