Managing risk right well that was a tool developed to manage risk but when that didnt work all the time 100 percent of the time bankers got their friends like jay powell lets look at this tweet from you are you ready for monday jay powell goes but. I get my spanish comes in handy there to know how to roll those are yes but once theyre Risk Management tools starting in 1987 when the portfolio insurance crash the markets the fed came into the rescue and as the fed puts well then weve seen since that any time that the bankers and all their huge amounts of derivatives whenever theres a problem there the fed comes to the rescue i. E. Theres a problem with distribution of risk in the supply chain of risk doesnt go away the risk is still there but it just keeps on getting deferred either into the future or to some group of suckers like you know Pension Funds risk cannot be created or destroyed its persistent within the markets and options and derivatives allow you to separate risk from reward
Next, a forum on global security, this Panel Focused on a recent reviews by the navy. We heard testimony from the vice chief of Naval Operations. Its two hours. Im going to ask everyone to come back in and take your seats. Weve had two excellent keynote briefs this morning. Both our speakers spoke to the comprehensive review the u. S. Navy issued the comprehensive review of the issues at sea, that occurred within the last year. One cruiser that grounded another that was involved in a collision with a chinese ship. And two destroyers that collides with large merchant ships that resulted in a loss of life that comprehensive review was conducted over the past well, it took about 60 days and was reported out about 30 days ago, and presented and we thought wed invite a few folks in here today to talk about the extent of it the adequacy of it, and perhaps the meaning of it we have three experienced warfare officers, three individuals who have stayed close to the profession, either through th
Stranded. Scrutinizing security and looking for a motive. Defense secretary chuck hagel has arrestedded a review of security at the Defense Department authorities worldwide. There are questions about the gunman. Why did he receive security clearance despite his past trouble with the law. And were learning more about the is it innocent victims. Mike viqueira, where do does the investigation stand right now . We learned new details as this investigation transitions from that active shooter incident we saw yesterday and all day long authorities for hours after the incident at 8 is 8 15 in washington, d. C. Yesterday morning held out that there may have been a second shooter, but today they announ announced that aaron alexis acted alone. He used a valid i. D. Card that he obtained as a naval contractor. He entered the navy grounds and then entered the build 197 whereupon he took out a shotgun. A shotgun that he legally purchased just days ago and began that murderous rampage that ended wit
PORTLAND, Maine (OSV News) Retired Bishop Joseph J. Gerry, the 10th bishop of Portland, died at Mount Carmel Rehabilitation and Nursing Center in Manchester, New Hampshire, July 2, the 75th anniversary of his profession as a member of the Benedictine community. He was 94. Bishop Joseph gave his life in service to Christ and the Church. He was a monk, a priest, an abbot, a bishop, and spent 15 years as Bishop of Portland. In each mission that he accepted from the Church, he was the pastoral
see it. john: gerry, have you been reading my twitter feed? that s what people are saying. we are going to take a quick break. gerry, jonathan and shannon, good to see you. shannon, by the way, has tom cotton among other people on her fine program this coming sunday. make sure you tune in as well. sandra: amazing team to break down the breaking news with us. great to have them all here. john: we ll be right back after this. stay with us. it s nice to unwind after a long week of telling people how liberty mutual customizes your car insurance so you only pay for what you need. showtime. whoo! i m on fire tonight. (limu squawks) yes! limu, you re a natural. we re not counting that. only pay for what you need. liberty. liberty. liberty. liberty.