The direct investment of Japanese businesses to East Asian economies accelerates the reallocation of their production bases. Consequently, between Japan and the other East Asian countries, both exports and imports are growing substantially.

As the new endogenous growth theory suggests, TFP growth is closely related to accumulation of the intangible capitals, such as human capital and research and development.

During the past two decades, inflation has fallen to a low level in major industrial countries.

However, in spite of the general perception that monetary policy should be conducted so as to avert deflation, a central bank cannot lower interest rates below the zero lower bound.

You and I can go on YouTube and learn how to fix a tractor engine or learn Farsi. Groups are using those tools to recruit young people into a climate of hatred.

The effects of climate change are real and only getting worse. I would like to build on the promises of the Paris Climate Agreement and make our country a global leader on the fight against climate change.

In the United States, we have a large, broad middle that are decent, fair-minded people who are too busy to really think about issues other than their next paycheck. Those are the people that we want to get to in order to change the social climate. And Howard Stern has that audience. So I said, 'Let's boldly go where I've never been before.'

My district has been hit with three 500-year floods in the last several years, so either you believe that we had a one-in-over-100-million probability that occurred, or you believe as I do that there's a new normal, and we have changing weather patterns, and we have climate change. This is the science.