Locke assured the conference attendees that Washington is a state of innovation, opportunity and expansion. We are open for business and we welcome yours. Varney contends that the economy has nearly reached the bottom of the economic slump, and he anticipates a modest recovery by year's end. While the U.S. economy has hit a downward turn, Varney claims that times ahead look better. While America's stunning economic performance is in a slowdown, Varney said the U.S. media enjoys American business's bad times.
American business is under attack by the legal profession.
The effect of the media on business can not be underestimated. Varney anticipates that the Federal Reserve will lead the way to recovery with the decrease in interest rates. Recovery, he said, is on the horizon within 18 months. Grantham contends that shift is now the constant norm in the workplace and business needs to be adaptable to the change. Work is now a thing we do and not a place we go.