Communication across vast distances this is an interesting t. V. And Technology Facts the innovations are changing our lives and they are part and parcel to an enormously important portions of our Global Economy so with Technology Companies who are the largest but you can guess number one. Yep apple tops the list they have more than two hundred billion dollars in annual sales and made a profit of forty five billion dollars last year according to forbes fifteen of the top twenty five Tech Companies are from the United States with eight in the top ten including apple course microsoft alphabet i. B. M. Intel Cisco Systems oracle and facebook as we head into the new year is a good time to reflect on the power of our own imagination and how a vision of a Brighter Future back in the star trek days has changed the real world in which we live. On tuesday President Trumps nominee for president of the Us Export Import Bank was rejected by democrats and several republicans on the Senate Banking c
Their own studies show the main drivers of default are loan devalue, borrower credit score. Everything else is literally a rounding error. And so of course, the final doddfrank rules essentially abandon the things that actually drive default. And endless servicing requirements, again making it near impossible to foreclose. My opinion is the rule increased foreclosures last time around rather than decrease them. And the harder it is and the mission has nothing to do with financial stability. The mission is to use the the regulatory system to force prudent borrows to subsidize imprudent. We all knew the crisis was quite costly. It also will provide a cover for massive expansion and government powers. One minute. Im not even go i think to need that. So i would say and would say avoid financial cryises. I think a repeal is not enough. The presystem was broken. It was flawed. And to me one of the real flaws of doddfrank is it extends the precrisis system. The theme of doddfrank is, lets exp
Minerals for firms not only firms getting the actual hard commodities there, but also for firms well down the supply chain, who have no idea where the aluminum in the electronic parts came from. So i think its telling when a liberal law ultimately convinces the Washington Post Editorial Board that it was a bad idea, which they have come out against conflict minerals. Its time to revisit the motion all together of including immaterial disclosures in security laws. Both by legislative fiat and by the sccs own power. And republican and democratic chairmen have both been guilty of this. I think it should be a binding constraint on any rule making. And business round table stands for the proposition. How is a mandatory immaterial disclosure going to provide benefit to investors . None. By definition fails cost benefit analysis. We have ways to measure immateriality. Methodology that has gotten great in the last ten years. I think it should be a binding constraint, the same way for litigants
That we made. Among the most contentious issues over the past two years involved the armys restructuring initiative. I understand the army has been put in a difficult position by budget reductions and over the past several years has been exploring a number of option to maximize come pat power while at the same time trying to combat costs. Congress has similarly been taking a hard look at this which is why the commission of the structure of the army was established in the ndaa. If confirmed will you comment to thoroughly reviewing the armys Aviation Restructuring Initiative and working closely with congress once the Commission Report is delivered next year to help us figure out the best path forward on Army Structure issues . Absolutely will and i look forward to reviewing the Commission Report. And what do you think are the biggest threats that should you be confirmed youll have to prepare the army to address in the coming decade . I think the armys fundamental mission of engaging in g
System to unlock the new iphone and digital payments. Coming to you from bloombergs headquarters in new york. I am betty lou. Yvonne i am in yvonne man. Inflation data out of south korea. Pretty much a miss when it comes to the year on year figures. We have pretty much been around the 2 target for this year already. We are falling about. 1 . Not too much to be worried about. There has been a lot of centralbank hawkishness. Are they ready for some tightening as well . We heard from the governor last month. It could be well on track if this economy recovery continues here in we will see how that plays through. Betty it is interesting. We are paying so much attention to these Inflation Numbers. It looks like were seeing this global tightening trend. People are doubting fed tightening trends. The one who started it is now falling behind, perhaps. Yvonne more selective when it comes to data dependency. They are not looking for these recent inflation trends. Lets look at how things are playi