John W. Snow
John W. Snow
John William Snowwas the CEO of CSX Corporation, and served as the 73rd United States Secretary of the Treasury under U.S. President George W. Bush. He replaced Secretary Paul O'Neill on February 3, 2003 and was succeeded by Henry Paulson on July 3, 2006, in a move that had been anticipated. Snow submitted a letter of resignation on May 30, 2006, effective "after an orderly transition period for my successor." Snow announced on June 29, 2006 that he had completed...
NationalityAmerican
ProfessionEconomist
Date of Birth2 August 1939
CountryUnited States of America
These results are disappointing. Our rail and container-shipping businesses are taking steps to regain earnings momentum by lowering costs and improving efficiency,
The initial steps by China to increase its exchange rate flexibility played an important part in this decision,
a lot better than current law. Sure, it's a step in the right direction. We'd like to see it go further. But it's a big step in the right direction.
The development and use of hybrid vehicles is a key step toward reducing gasoline consumption, emissions of air pollutants and greenhouse gas emissions. I commend the manufacturers who are making these energy-efficient and environment-friendly vehicles and hope that the President's energy bill proves to be an important step in their rising prominence on American roads.
And one of our points of continuing conversation with our trading partners is the urgency of their taking steps to remove barriers to their improved growth performance.
Inflation is still pretty well in check. We do have energy prices that are unwelcome, too high. I hope Congress can take some action on that.
The banking sector overall remains healthy and strong.
It's important that competitive balance be a part of the final outcome,
It's clear the potential of the financial sector to play a larger role in the economy is enormous,
It offers the opportunity for far-reaching structural reforms, ... We trust and hope that the measure will be successful.
Social Security represents an $11 trillion unfunded obligation. And when I say unfunded obligation, I mean we have to come up with $11 trillion at some point to make the system whole.
to allow market forces to set exchange rates, to let the fundamentals of the marketplace drive exchange rate changes.
We need to get sober-minded people looking at the facts and realizing that if we wait it becomes impossible to deal with the situation,
Completion of this transaction strengthens our balance sheet, increases shareholder value and allows us to focus more of our energies on our core railroad business,