Well, the U.S. is running a current account deficit; we are creating lots of investment opportunities in the United States that exceed our own domestic savings rates, so the issue here is to encourage higher savings rates in the United States.

a holding company that owned three American railroads: the Chesapeake and Ohio Railway a. ; USX Corporation; the U. On August 15 2007 Snow was appointed the inaugural Newman Visiting Fellow at the Miller Center of Public Affairs at the University of Virginia.

Snow submitted a letter of resignation on May 30 2006 effective "after an orderly transition period for my successor. President George W. S.