Day for the Federal Reserve system. It is a meeting of mystery. Our Michael Mckee will be there for the press conference, special coverage this afternoon. But right now, a great conversation on some of the challenges that we are going to see. Jon ferro, to me, the major challenge, with futures up 17, you mentioned this earlier, this morning, is the two americans that are out there, that two americans that are out there right now, jon ferro, are nothing like what john edwards ever thought he would see. Jonathan just compare and contrast, tom, take the airlines on one hand you can take any sector, the retail sector, and compare it to fintech right now. Big tech on fire. Other companies, tom, literally slashing in tens of thousands, and a central bank that has to set policy for both economies. That is a tremendously difficult position to be in as a central bank right now, and that will create distortion. Some would argue that is already happening. Tom Lisa Abramowicz, within your reading,
Of government. Created by americas Cable Television companies as a Public Service and brought to you today by your television provider. Us this week on the communicators as federal trade Commission Commissioner Noah Phillips, one of three republicans sitting on that commission. This has been a couple of years you have been on the commission. What kind of work do you do . Commissioner phillips we do a lot of really exciting work. Twomission is divided into pieces. Competition, antitrust law, and consumer protection, which covers a wide swath of territory. Both of those areas put us squarely in the middle of a lot of interesting changes our society is going through and technologies, which all of us are dealing with and many of us are using. And teliknology medications have become a bigger part of your portfolio, havent they . Commissioner phillips to some extent, yes because to some extent telecommunications are much more the purview of the fcc, but with respect to privacy, we do work wi
Law, and Consumer Protection which covers a wide swathe of territory but includes everything from gardenvariety scams to [inaudible] both of those areas are squarely in the middle a lot of really interesting changes that our society is going through and technologies which all of us are dealing and not many of us are using. Host technology and telecommunications had become a bigger part of your portfolio over the last couple of years, havent they . Guest to some extent yes your essay to some extent because telecommunications are much more purview of the Commerce Department in the fcc. But, for example, with respect to privacy, we do work there with respect to advertising claims. We do work there and certain technology is a a big part of t we do. Host and antitrust when it comes to technology, correct . Guest yes, very much so. Host it was a recent article in the wall street journal talking about a potential lawsuit against facebook. Can you tell us about that . Guest all i can tell you
Regulations members are required to leave their cameras on the entire time they are in an official proceeding, even if they step away from the camera. This is an entirely remote hearing and as such the Committee Ruling will be closed and members who choose to sit with their individual devices in the hearing room must wear headphones to avoid feedback echoes and distortion resulting for more than one person in the room on the Software Platform as has been reported by the committees. They also are excited to adhere to social distancing and safe healthcare guidelines including masks, gloves and wiping down their area both before and after their presence in the hearing room. While a roll call is not necessary to establish a quorum, whatever there is an official proceeding with low participation the clerk will call the roll to help make clear who is here at the start of the proceeding. I will ask the clerk to call on the role. Madame clerk. [roll call] [roll call] [roll call] [roll call] [r
[roll call] [roll call] pursuant to Committee Rule Opening Statements is limited to the chair and Ranking Member and this allows to hear from our witnesses sooner and provides members and adequate time to answer questions. I now trigger myself for an opening statement. Before i deliver the opening remarks i must first acknowledge the recent protests against Police Misconduct in in favor of Racial Equity and justice across the nation. Times are demanding and we address this countrys centuryold challenges and with todays hearing we can be prepared to answer the call to Racial Equity and justice in education. I want to note this hearing marks the committees first fully remote hearing pursuant to House Resolution 965 and accompanying regulations. To date we will examine how covid19 pandemic has directly impacted his state and local government revenue and how projected state and local government shortfalls to further exacerbate educational inequities rooted in a with the inequities rooted a