Now i would finish by saying a couple of words about banking unions. This is for the 18 countries in the euro zone. Weve made the European Central bank as the supervisor. It will directly supervise the largest 130 banks and then it can call up any of the other 6,000 or so if it suspects there is a problem. The whole of the eu that is all 28 Member States have the same regulations and rules for the Bank Supervision from the european supervisory agencies but the euro zone will make a further detailed supervision of its own but one suspects the Banking Authority is also charged with looking at that book to make sure they are coherent so we dont have Different Things going on whether you are inside or outside of the banking union. All the countries have their own Deposit Guarantee Scheme and we have the intensity mutual lies that in the zone that has failed at the moment. It doesnt conclude that hasnt at her because we have a common level of insurance and common system of rules and its all
Not because i was too young but im not sure what i was, so i just remember sort of vaguely coming to law and this was like this cool area, jamie boil is a very close friend and it seemed like he was just intellectually playful and too cool for anything that i did. David you note the sense of sort of gee whizness. Its the most attractive thing to me coming from fields where the general action is pistols at dawn. So this is in some sense a very strange conversation about the future of this field that has a certain sense about staking ownership intellectually in the next camp. And ryan, i think that you know that im the biggest fan of this paper ive been pushing to kind of everybody, but i believe that if we get swrout side of the conversation with the people who are part of the cyber conversation from before which notably everything here is really focused on, i think that the part of the paper thats going to be the most lasting in terms of generating the basic ideas about these new conve
Its unclear whether we can manage promoting the development of energy overseas and support for Climate Change. Its uncertain whether we can utter the words natural gas in a policy statement, you know, coming out of the white house and say that we actually want other countries to develop it rather than we want to make the world more resilient because were using less, and theyll have more. So its unclear s. So the question as it affects russia and ukraine and i would say europe and the caspian too is are we doing all we can with all that we have to maximize this advantage. And i think the short answer to that is, no, not yet. And what i hope well talk about today is what our ageneral da should be for europe agenda should be for europe. You cant move gas from point to point. Are we doing enough as the United States to move europe in that direction . Is europe doing enough for itself . Development of shale gas. A lot of the opposition comes from gas [inaudible] some of it comes from Energy
Or working with darpa as we are doing and with fda on this toxicity chip. Working on the brain initiative, a new effort which isugoing to be focused between nih and nsf and darpa and a number of private industries and philanthropies trying to make sure these kind of interdisciplinary efforts that jim was talking about are tapped into in every way. We are always looking at that. We are even looking at our peer review system to ask whether while we claim its the best in the world, are we sure about that . And are we sure our peer review system is reflecting the scientific opportunities of 2014 and not some earlier stage, and do we these to rethink about the way in which those peer review panels are established as far as what disciplines they represent. And we have the tools now with various kinds of text mining to really look and see what is going on in science that we might want to make adjustments for. So were pretty bullish about that. Another thing we are doing, again, this reflects
People, locals say that the plane exploded in the air. So it was kind of it fell down in is pieces. They said so bits of the plane, bits of the bodies, bits of peoples possessions. Its going to be a nearly impossible to establish with any certainty what happened here. There is a few sort of engine rotors, big pieces that are still intact. But for the most part, everything is burnt up and charred and scattered over a few kilometers. I mean, its hard to say with certainty, but maybe five kilometers. Its a pretty wide radius. And the debris starts kind of up the road there is a tail fin. And you come a little further down and you see the place where the Emergency Services crews have set up a base of sorts. Some firefighters, some rescue teams. And theyre kind of in the center of where most of it landed. There is a white tent out in the field where theyre collecting bodies. So it is early on, and there is a lot we dont know. But here is what we do know about the tragedy right now. The Unit