Move out to of our nominees that are currently pending before the committee. We obviously have to have the requisite number of members here. So until such time as we have a quorum, we will move to our scheduled full Committee Hearing on infrastructure permitting, if were able to get the quorum of 12 we will take up the businessman at that point in time. I would anticipate that it would be relatively quick. So with that, we have names on the table in front of us, but i would invite you each to come to the table as a provide an opening statement. Mr. Casing, ms. Fleagle, astroturfing, mr. Brown, ms. Caruso and mr. Russell if just want to join us there. We are here today to discuss infrastructure permitting challenges ongoing efforts to streamline federal approvals and opportunities to improve the responsiveness, the transparency and the predictability of our system of permit review. I think we all recognize the need to make investments that will both upgrade and modernize our infrastruct
More than 1,000 points before closing down 588. S p plummeted 3. 9 and nasdaq 3. 82 . Were in total correction mode for all three averages and we have now expected the worst three day point decline in the dow jones closing at an 18 month low. Let me tell you why theres so much confusion between our economy and our stock market decline. In my years of investing which is 8 separate crashes and multiple bear markets i dreamed of a scenario where Interest Rates were low minimizing the competition where corporate Balance Sheets are strong, commodity costs are on the decline, particularly gasoline, employment is better. Retail sales are robust and housing is doing well because of low mortgage rates. I want to see a weaker dollar so our International Companies have better earnings translations and arent priced out versus foreign competitors. Unfortunately whenever this scenario comes along typically stocks are either very very expensive, too expensive for risk or given the scenario theres a p
Enthusiastic come back. Its why i urge you never to reach for stocks. Not to chase them up high. When you chase you get burned. The dow opened up 360 points and then the market went into a tail spin late in the afternoon. Dow sinking 205 points. S p plunging so beautiful all day and nasdaq declining. 44 . It was if biggest downside reversal since the financial crisis. We didnt have the ingredients as stocks rallied off the openi opening. Its the bane of the stock markets existence. It was all bad news. Wrong. How come we were able to rally at all let alone surge big for most of the day . We were dramatically oversold mean we had gone down so far so fast, almost 1500 dow points in three days and we were due for a bounce it seemed, albet a temporary one. But only as we opened down as i was hoping this morning. Second reason for the morning rebound, the chinese seemed to have woken up to the idea they should stop trying to pop up their stocks including much junk. More on that later and in
Seat back seat rally where all the wrong stuff the minerals the oil complex, led the market beautifully . With the dow climbing 369 points, the biggest twoday gain since december, 2008. S p pole vaulting. Nasdaq rocketing 2. 5 . Arent we supposed to want to roll costs down and down and down some more . Not up huge as they were today . I know its tough to explain how oil is spiking, almost 10 the biggest oneday move in six years. It will be a positive. Today it was certainly hailed by investors as a big one. Lets go there, though. Because its what happened today and it was a very important day because it was a stress reliever. A stress reliever, for many of the biggest investors of capital all around the globe. Let me set the scene up for you. The proximate cause of the nasty selloff we traveled through the weakness in chosen, it was exacerbated into belief until yesterday that the fed seemed unaware and how frail the worlds economy had come. But yesterdays comments from new york fed pr
Shasta Public Library and we are on the secondfloor of the library. Today we are looking at items from our local History Collection which is called the divorce collection. The rock collection is named after mae bacon boggs. She moved as a child out to Shasta County in 1871 and grew up here in old shasta and she had a love for history and particularly transportation and early california history so why she was collecting items and she did collect books and she ended up giving a portion of her collection of the cabinet to the library and that was the start of the boggs collection. Now the boggs collection has grown and weve outgrown the cabinet and we are now in many cabinet. It consists of probably about 5000 items and the collection focuses on early california history, native americans but then particularly the history of Shasta County so this collection is important because it is a way for us to preserve the past and learn about the past in Shasta County. Weve had some very interesting