Investors, and the American Financial system. I will now give an Opening Statement for five minutes. Today we are here for a hearing on its books proposed Digital Currency, libra, and digital wallet, and the impact on consumers, investors, and the Financial System. David marcus, following his testimony, a panel of experts will share their views on this book plans, is there are serious concerns about the creation of a Digital Currency and digital wallet to expand its reach, like mastercard, paypal, visa, uber reggie lyft rideshare, and specify. Is trying to create a new global fund to rival the us dollar this venture is slated to be based in switzerland, which has a history of creating a haven for criminals and shady corporations. This plan includes serious privacy training, and monitoring of policy concerns. With 2 billion users, will have immediate access to these products, but also from consumers, festers, and the global economy. In addition, facebook has proposed government guarante
Hello, everyone. Thank you so much for joining me. Im fredericka witfield. A Major Hurricane is barreling toward the southwestern u. S. Hurricane hilary has weakened to a category 3 as it hammers mexico with strong winds and high waves. Forecasters warn it could dump more than a years worth of rain across california, nevada and arizona in a short amount of time. The threat is so severe in the golden state that a Tropical Storm warning has been issued for the First Time Ever there. Cnn meteorologist Allison Chinchar is tracking the conditions. A years worth of rain in a short amount of time, how are they going to handle that . That is the big concern, because especially in the desert areas that ground is not able to absorb it very quickly, so a lot of it becomes runoff, leading to localized flash flooding. Sustained winds 125 Miles Per Hour gusting up to 155. Weve seen that Forward Movement pick up. Its starting to speed up. Thats important for the timing of a lot of the rain showers. W
And made an arms race. The point of this up us push this the to get the maximum return on every rouble invested on defense. Indeed, the soviet union was not thrifty about military spending and unfortunate the nation efficiency was not the top priority. The defense spending officer was about 13 percent of the g d. I will not site ready to quote, stuck on International Peace Research Institute for last year, or defend a little bit. And i noticed 4 percent assessments, and this year im going to it is 6. 8 percent on us. So then we have gone up by twos point bites, percentage points, and principal. This is a noticeable increase, but that is absolutely not critical. Banksley, ive done the soviet union, it was 13 percent and were now at 6. 8 percent. Lets say its consecutive it was i must say that defense spending and reinvigorate to the economy. Not of course there are many schools and we are aware of that. And you dont get so this goes back to the guns versus beauty. Lemme, although i repe
It will comes under pain. The report we are putting out today is probably the most complex to date. It represents a new foray for our modeling and simulation effort. I once acknowledge the considerable effort put into the report by the author, who will be here momentarily. Researching, modeling and analyzing this problem, there were about a million in relation runs that we did to make this happen. Next, i want to acknowledge and thank those who made it possible on the sponsorship side. I want to thank those who came out in person. They generously provided some contributions for the Software Side that made it possible to depict visually. I would say very colorfully, it has been a more abstract topic. All of the subject matter experts, most of whom we listen to over the course. I will say a few words at the beginning and then turn it over to summarize. John hale testified about 10 days ago that in this era, active Missile Defenses have become an element. They are no longer niche weapons.
Were going to talk about a very piece of california history which is not ignore ward, but certainly overlook it most of the time and so we have Jean Pfaelzer here with a new book, california a slave state. And were going to go through the history that im going to talk about the ideas behind it a little bit and also her work on the reparation committee. So jeanie, thanks so much for for joining us at the Commonwealth Club. Thank you. Im glad to be back here. Thank you so as i said, lets start with history. So lets go back as far you into this history as we go we wont go all the way back to the native american tribes, but thats a good place to stop it. Lets do terminology first. In your book, you use lots different terminologies. Native americans native indians. How you make that choice. First of all, you use a lot of different. But i know that this is sort of a an important issue because a lot of tribes, like certain names, dont like other names. And i thought, how did you make your aca