Anyone else want to give us a killer idea, maybe something that has already been mentioned once or twice . Maybe not . I think the improper payment act do not pay hold agencies accountable. When you are measuring that its going to hold them accountable to make it a priority. I also think electronic verification at the state level i think it has proven that those death reports are highly accurate and moving in that direction. I would agree with mr. Brune thats prudent and it would allow them to look at other verification processes that perhaps moves resources to those other areas and i go again to verification of family members and funeral homes. We look at some data of 82 corrections in 2012 and 13 and we pulled a small case sample 46 cases. 35 of those cases, those folks were in fact alive but what . 35 of the 45 pieces we looked at. They were erroneously placed in the file. When you look to the source of those reports it was family members and those are typically regarded as being hi
Inaccurate information, even though you were going into the office. Correct. Thank you. Miss rivers, thank you for your testimony. I think every member of this committee offers an apology and certainly our commitment well work with the people in the agencies to try and create law create legislation that will prevent this from happening to another american. So, thank you again for your testimony. Youre dismissed. Thank you. Our next witness will be sean bruin. He joins us today from the Social Security administration where he serves as a Senior Adviser for audit in the office of budget finance quality. Mr. Bruin. Thank you chairman johnson, members of the committee. Thank you for inviting me to discuss steps to strengthen the integrity of federal payments. I am senior advicer to the Deputy Commissioner for budget finance quality and management at the Social Security administration. My remarks will focus on our collection of death informationits accuracy, and how we share it with other a
No, i dont think there are there is additional ver figureation. Gherting information that they believe to be true and correct. There is no additional verification. This is agency policy; correct . Senator mccaskill . The agency is not permitted to spend trust fund dollars or a limited administrative tax account on items that dont have a Program Purpose and thats the basis on which we dont verify nonbeneficiary reports senator mccaskill okay. I completely get that but you understand the commonsense argument. Tell you me you do. I do senator mccaskill okay. We have a bill. This is an agency we call it let me google that for you because this is an agency that the vast majority that theyre supposed to be distributing is easily Available Online and they are the Distribution Source for the public desk master file. Have you all given thought if we get rid of it which we should because its a waste of money. We have not considered an alternative distribution method because at present they serve
Shares are tanking in after hours. Winning me in the studio is cory johnson and our Bloomberg News reporter who covers amazon. And a bgc partners technical analyst. Colin, shares are down almost 10 . What is your take . When the shipping is free, the profits dont come easy. This is a tough quarter for amazon and you are seeing a new pattern developing in 2014. When they print the quarter, the stock has been trading often used to snap right back. It has been slowly grinding off and we have losses, close to 20 billion in revenue and you cant make money . For the september quarter, weve got a bigger loss in the june quarter, so investors are getting increasingly concerned that even though we have revenue growth, these expenses are not going to tamp down and we are not going to see the leverage we once expected. Ask yet, theyve given amazon a free pass quarter after quarter. Is it the end or have they lost their patients . It has changed to a new trading pattern and we will see if the loss
They are pursuing a number of business lines including the fire as well as delivery drones. Bitcoins and bankruptcy. Was supposed to hit the Auction Block the day but that has been postponed. We will look into the current state of the virtual currency. Our lead story, facebook is crushing it in mobile advertising and that has shares of the social network hitting a record high. 76ching an alltime high of 76 and . 74 apiece. 74. Facebook is investing heavily in advertising to keep revenue growing. Our editor at large is joining me in the studio. Paul kedrosky is with us from san diego. Always great to have you. Is it as good as it looks, paul . Probably even better than it looks in many ways. These are produced running numbers. Someone was asking me yesterday, i was trying to put it in context, companies of this size growing at this speed. The only when you could point to , growing at 60 topline yearoveryear, was apple in 2005 on the back of probably the single most epic Product Introduc