Middle class is getting killed, the middle class is getting crushed, the workingclass has no way up as a consequence. The idea that we are growing, we are not growing, the wealthy are growing, ordinary people are not growing, they are not happy with where they are and thats why we mutts enter must change the presidency now. How can biden and his fellow democrats make the case that the economy is terrible when indicators and confidence are pointing up. A tough case to make, they need to make it because President Trump has that going for him. He says the economy, look at the stock market, some people will say thats not in a measure of the economy but 10000 points and they took over in august. Peoples 401ks are booming. That does impact the middle class. Lets look at other factors, unappointed 50 year low, president obama brought it from 10 down to 4. 7 and some say he jumped on the train, thats the hardest little part, the incremental part to do. Third thing how about gdp, and 2016 we lo
Mnuchin testifies about the u. S. Economy. He also talks about Digital Currency and the potential impact of Climate Change. Waters the committee will come to order. Without objection, the chairs authorized to declare a recess of the committee at any time. This hearing is entitled promoting stability, reviewing the administrations deregulatory approach to Financial Stability. I want to inform all concerned that this meeting will end at 1 00 per the request of the p. M. Secretary. I now recognize myself for four minutes to give an Opening Statement. So let me welcome back secretary mnuchin. Today, we are here to discuss the Trump Administrations actions that have undermined and not promoted our nations Financial Stability. As i have said many times before, i am very concerned about this administrations actions to eliminate important protections for consumers, investors and our economy. It appears that our banking regulators are following the deregulatory blueprint that the Treasury Depar
Part of the his is Financial Services industry. The chair will now recognize an elf for five minutes for opening statement. First off, thank you for joining us today for what should be a thisinteresting hearing of task force. Today were looking at exploring how a. I. Is being deployed in Capital Markets from automated Portfolio Allocation to Investment Management decisions. Were also going to consider how the use of this technology is changing the nature of work in rendering ervices, some jobs obsolete and changing the skill sets needed to excel in others. It would not be much of an exaggeration today to say that quite literally is run by computers. Of those are the days screaming on the new york stock pour ge and they would over the ticker statement and Financial Statements to gleam value. Into a companys i actually hear about those days from the limo driver who takes e back who used to be a floor trader on the merc. Today, floor trades are orders are d executed in microseconds. E. T.
Test. Test. Test. Test. Captioning performed by vitac were going to transition into our final panel. I think we have someone who is able to get our next speakers micd. Thanks. Well just take a moment. In the meantime i can set up again, if youve been following privacy issues for a while, you will be familiar with what is sometimes called the going dark problem, a concern that the pervasive growth of strong encryption presents an obstacle to Law Enforcement agencies especially since its gone from a technology thats in the providence of people with distanced Technical Knowledge and understanding, able to used difficult tools to something that is baked into very userfriendly technology in a way that doesnt require much sophistication at all. You probably use encryption more or less daily without even recognizing just by using a smartphone or a standard web browser. And as increasingly this encryption is not just between end users and central identities that Law Enforcement can approach wi
This hearing will come to order ask without objection the chair is authorized to declare recess at any time. Let me say good morning and welcome to our witnesses. Todays hearing on vaccine science and innovation. Smallpox once plague said the worlds population plaguing 300 Million People in the 20th century alone. Smallpox is the only human disease to be eradicated thanks to the development of the vaccine. Another devastating disease, polio, had just 33 cases reported worldwide in 2018 compared to 350,000 cases in 1988. Every day vaccines are saving lives especially the lives of children and other vulnerable population. Theres no such thing as healthy skepticism when it comes to vaccines. Unfortunately, there is a wellfunded, Disinformation Campaign targeting the public and weakening Public Health laws. School vaccination requirements have been common place in the u. S. For generations and exemptions were granted only for legitimate medical reasons. However, in my home state of texas,