Our chairman, the chairman of the full Senate Judiciary committee, senator graham, for his support of this hearing. After i and then senator klobuchar giving our opening remarks, well hear from two panels of witnesses with questions from members of the subcommittee. We have Something Interesting to deal with in the senate and every time they call votes, when they call votes during a subcommittee hearing, were at their mercy. Senator klobuchar and i have both cast our votes on the first of a series of three or four. At some point, were going to have to pause or tag team as we allow other members to sit in for us, just dont be alarmed if that happens. The focus of todays hearing is googles Online Advertising business. Whether its a monopolyist and whether it might have engaged in any conduct that harms competition and harms consumers. But before we go into that, i want to say just a few things about antitrust policy more broadly. Ive been a member of the subcommittee ever since 2011 when
The bulk of the lecture is going to be presenting new evidence drawn from my research and others on the antebellum political culture. I have three major areas as evidence to talk about today. Tobacco culture, political friendships, and affairs of honor. Like we often do in the class, we are going to start with the image on the screen. Im going to ask you to tell me what you see. This is Lady Washingtons reception from 1861. Take it in. Who can point out something you see right away that strikes you . Lady washington is on a platform. Prof. Balcerski how high do you think she is . Off the ground . Like a foot. Prof. Balcerski thats a good piece there. What else . Everyone is dressed up fancy. Prof. Balcerski like you are today. Exactly. Very fancy. The ladies are wearing gowns. How about a third thing . Go ahead, jimmy. It looks like they are fairly close together. They may be dancing. They are all close together. Prof. Balcerski very good. I should say about Lady Washingtons reception,
Leading up to the civil war, these friendship and alliances disintegrated. Prof. Balcerski welcome everybody. It is me, your professor. Im excited to offer you a lecture of the antebellum congress. The outline, we start with a review of the first and Second Party Systems. I will introduce a concept to you of a lyrical culture and compare that to something we have encountered before, Political Parties. Finally, the bulk of the lecture is going to be presenting new evidence on the antebellum political culture. As you will see i have three , major areas as evidence to talk about today. One,acone, Tobacco Culture. Number two, political friendships, and number three, affairs of honor. Like we often do in the class, i will start with an image on the screen. Im going to ask you to tell me what you see. This is Lady Washingtons reception from 1861. Take it in. Who can point out something you see right away that strikes you . Lady washington is on a platform. Prof. Balcerski how high do you thi
Up 67 from its march low after what was a run the new high. You have sales force, youve got apple, microsoft some of the tech titans all under pressure thank you very much i like the fnew angle on the house. We have the market angles as well rick is looking at the bond market where its rebounding bob, lets start with you. Remember, we could go either way right now. Remember yesterday look at the s p. Around 11 00 we bottomed what we have is a good example of of shooting the last eight trading sessions for tesla, 400 eight days ago it goaes to 500 and back to 400 thats a complete round trip and overshoot on the downside as i mentioned before same thing with nvidia it was 500 five or six trading sessions ago goes to 580 and back down to 500 and below that. You can overshoot on the downside theres the s p there. You tend to overshoot on the downside as for the megacaps, a little perspective of whats going on its true that microsoft was down 7 to 8 this week its up 33 for the year this is
Joining us now is Elbridge Deputy defenseer secretary in strategy and the Trump Administration, also cofounder and principal of the Marathon Initiative. Thank you for joining us. Host good to be here. Good to be here. Host thought we would ask you about china. What is the Marathon Initiative . Guest it is a small, new think tank on what we regard as the u. S. Policy, which is competition with china. Host how are you funded . Guest from a variety of individuals, governments, and corporations. We do not accept corporate funding. Host several headlines got our attention, including this one that says chinas military surpassed the u. S. In ships, fromles, and air defense, a Defense Department report, so talking about conventional weapons first, what is the relative size and strength of the Chinese Military . It is very impressive. It is daunting, actually. One of the things to remember is that the United States spans defense. Bly more in china has been closing that gap in china is a most di