Senate Armed Services Committee Meets today to receive testimony on the department of defense acquisition Reform Efforts and we welcome our witnesses, ellen lord undersecretary for acquisition, technology, and logistics. Mark esper, secretary the army. Heather wilson, secretary the air force and james geurts assistant secretary of the navy for acquisition, technology, and logistics acquisition reform is one of the most important and frustrating topics committee addresses. Four years we have been warned that america is losing its technological advantage. I hope you have seen the work on the topic. Thats why the department of defense needs acquisition reform not just for efficiency or to save money, simply put we will not be able to address threats facing this nation with the system of organized irresponsibility that the defense acquisition enterprise has become. I went to witnesses to pay attention. We are still dealing with a trillion dollar after 35 program that continues to operate i
Under secretary. And the civilian officials from the army. Air force and navy. They discussed military readiness and modernization efforts. This is about two hours. [ inaudible conversations ] Armed Services Committee Meets today to receive testimony on the Department Reform effort. We welcome our witnesses ellen lord under secretary of defense for technology. Mark es per. Secretary of the army. Heather wilson secretary of the air force. And james gerts assistant secretary of the navy for research and development. Acquisition reform is wup of the most important frustrating topics we address. For years, we have been warned that america is losing its technology advantage. I hope you have seen the work on this topic. That is why the department of defense needs acquisition reform. Not just for efficiency or save money. Simply put, we will not be able to address threats facing this nation with the system of organized irresponsibility that the defense acquisition enterprise has become. I wan
[ inaudible conversations ] Armed Services Committee Meets today to receive testimony on the Department Reform effort. We welcome our witnesses ellen lord under secretary of defense for technology. Mark es per. Secretary of the army. Heather wilson secretary of the air force. And james gerts assistant secretary of the navy for research and development. Acquisition reform is wup of the most important frustrating topics we address. For years, we have been warned that america is losing its technology advantage. I hope you have seen the work on this topic. That is why the department of defense needs acquisition reform. Not just for efficiency or save money. Simply put, we will not be able to address threats facing this nation with the system of organized irresponsibility that the defense acquisition enterprise has become. I want the witnesses to Pay Attention here. Okay . Were still dealing with a trillion dollar f 35 program that continues to operate in dysfunction. The air force still su
The Senate Arms Services Committee Meets today to receive testimony on the acquisition reform efforts. We welcome our witnesses, ellen lord, mark esper, secretary of the army, heather wilson, secretary of the air force, and james gerts, assistant secretary of the navy for ak we ziglaskk acquisition. I hope you all have seen the work by rand on this topic. That is why the department of defense needs acquisition reform, not just for efficiency or to save money. Simply put, we will not be able to address the threats facing this nation with the system of organized irresponsibility that the defense acquisition enterprise has become. We will be watching closely to make sure you do business differently and use that authority wisely. Second, while we have empowered the services, that doesnt mean you can go and do whatever you like. The Services Must let osd set strategy and policy and do real oversight. That means being transparent, providing data to and following the guidance set by osd. Agai
London, this is daybreak europe. Animal spirits seems to be present. That seems to be the story of 2018 so far. Asity markets are doing well we said in our headlines, the dow hitting a new record, many indices hitting a new record. Msci asia picking up where they left off. Data fromd robust various locations, whether its the u. S. , china, or europe. All of that underpinning the strength we are seeing in these risk assets at the moment. We have the Dow Jones Futures in their. In there. Despite the snow perhaps. The jobs data it will be crucial, the two numbers we are watching, not a great start for the year for the dollar. Prices put in the nymex to show they were pretty stable after what we have seen via record run of gains in commodity markets. Around that 62 a barrel. Animal spirit in these markets, certainly a theme. Manus a couple of big things. Rises. Asking for 3 wage , the relationship is broken. Well talk more about that between inflation and the job market, but the animal spi