Educate the policy from the home owner who has center which is our pop up space down here in San Francisco where we operate a store front to educate the policy from the home owner who has never done anything in the house to the most advanced structure engineers we have working around here. We were going to here from kelly to talk a little bit about San Francisco. How are you doing kelly . Very well, thank you for having us here. In front of us, we have a typical soft story building. When i see this, i think this is some of the most beautiful architecture our city has. A lot of people dont know these are problematic buildings. Why dont you tell us about some of the risks he we have in these buildings . Soft stories are vulnerable in past earthquakes and the northridge earthquake to this type of building and character of building. When we talk about the soft story, what were talking about is generally a ground story that has less wall or other pwraeugs to resist the lateral forces that m
Today. A bit of his zigzag kind of day. It has been in a relatively tight range. A lot of traders are waiting on the Central Bank News later in the week. If you take a look at the s p 500 over the course of the day and the intraday move we have seen, we saw sort of a zigzagging move. Down p 500 sort of going earlier in the morning and going down. Strengthening into the close of trading. We get some financials and real estate stocks. This is the first day it is trading alone. Assets,ou look at other were not seeing much change in the dollar and the 10 year. Were not seeing investors place bets, using proxies for that action. We do have some supply constraints in libya that has clarityecting pricing pricing. Because these are heavily weighted, they are contributing to the rebound we are seeing in the s p 500. News, dealeaking reporter. Com is saying that this company is getting close to finishing a sales process. And this report mentioning potentially bass pro shop, private equity as bei
Strategy, the pivot, the military girding of that is largely the u. S. Navy and the central that makes much sense if the navy is stable in size or growing because otherwise you have 60 of a smaller force that may be less than 50 of the old force and if you do the math, sequestration is roughly at the crossover point. In other words, it would force a reduced fleet size if it was to stay over longterm, which would be in the range of lets say 240, 250 ships, maybe less and 60 of that is no improvement. Relative to 50 of where we are today. Which is about 285 ships. Its more or less a watch. If you are trying to send a signal, you have taken the ability away by sequestration. Thats a clear way and a reason im against sequestration. I dont think we need a build up, but a nice, steady, real increase would be, to me, a good thing. Over to you. Thank you. If i had a real good answer for the question, id probably call the secretary of defense this afternoon and let him know, but its a very impo
Screeria nigeria. Briefing. And later epa Administrator Gina Mccarthy testifies on her agencys 2016 budget request. Next treasury secretary jack lew and John Koskinen testify on the 2016 budget request for the Treasury Department. They also discuss cybersecurity, tax fraud, Taxpayer Services, and Small Businesses. This runs just under two hours. The subcommittee on Financial Services and general government will come to order. Good afternoon. The subcommittee as i said, will come to order. Today marks the first hearing of the Financial Services and general Government Subcommittee for the 114th congress. This is also my first hearing as subcommittee chairman. And im pleased to serve alongside the new Ranking Member my good friend, senator coons. I would also like to acknowledge senator langford and senator durbin. Although our subcommittee is small, the number of agencies we fund is large. And their impact on our economy is significant. Im confident that our members are up to the task be
On the theme that chairman boos man started with about, Community Banks can make significant difference. Describe how the Community Development Financial Institutions fund is used to help rebuild distressed neighborhoods and Small Businesses and the bond guarranty program ramp up two billion how they might play a constructive role providing access to capital first. Second, senator boozman. About the burden, the Regulatory Burden on smaller banks. I heard from a number of folks from the Financial Community who believe once banks obtain more than 50 billion in assets they suddenly become subject to Regulatory Oversight of the megabanks. While im a strong supporter of steps taken in doddfrank to prevent future crises im wondering if that is quite accurate or is there a step series where you steadily ratchet up regulation into froing size . Would welcome your insight into that point as well. Thank you, senator. Cdfi i think is enormously Effective Program both because of what it does direc