Testimony. All witnesses who testify before this subcommittee are required to be sworn. At this time i would both of you to please stand and raise your right hand. Do you swear that the testimony youre about to give before this subcommittee will be the truth, the whole truth, and nothing but the truth, so help you got . We will be using a timing system today. Please be aware that one minute before the red light comes on, you will see the light change from green to yellow, giving you an opportunity to conclude your remarks. All of your written testimony will be printed in the record in its entirety and we would ask that you try to limit your oral testimony to five minutes. Professor battalio, we will have you go first. Thank you again for your work. Good morning chairman levin and Ranking Member mccain. Thank you for inviting me to testify today. Its an honor to have the opportunity to present my views on conflicts of interest. In u. S. Equity markets to the Senate Permanent subcommitte
Support an icu, not because we cant afford it, because we dont have the patient volume to maintain competence. And so theres a balance. And oftentimes its felt that because of the volume and because of the competence,ing it is better to send these patients into the private sector. I understand your concern and we do need to look at where our costs are going and how were using our facilities. We do need to look at or is somebody actively looking at this now that all this information is coming to us from the Inspector General . Is somebody on going looking at that to see this cost benefit analysis of are we paying for two systems or look at it in the future . I dont know whether we have an active exercise in place. We do need to have one moving forward. I just got a note from a constituent that says there must be cnn program on tonight and that theres a new revelation, it says records of dead veterans were changed or physically altered some even in recent weeks to hide how many people di
Options that the Obama Administration is considering in response to the escalating violence there. Sec chair Mary Jo White recently outlined new stock market rules at the Economic Club of new york. The proposed changes include oversight of high speed traders and improvements to the transparency of private trading venues. Her remarks and q a are 50 minutes. If people could please get seated. Thank you. Please get seated. You make me feel like a party pooper here. Im bill dudley. Im vice chair of the Economic Club of new york and mrs. President of the Federal Reserve bank of new york. I want to welcome everybody to the 438th meeting of the club in our 107th year. The Economic Club of new york is the nations leading Nonpartisan Forum for Economic Policy speeches. More than 1,000 speakers have appeared before club. And has established a very strong tradition of excellence. Id like to recognize the 214 members of the entenial society who the have contributed to ensure a sound future for the
Issue and it comes down to the foundation of why the markets exist and people trust in those markets. Mest is about saying without paying attention, that the right things are happening in my best interest. When you find out they are not, that is what undermines it. In your opening statement, discussing the fact that we have 2009 tremendous rally from , yet the amount of households owning equities has not followed that trend. I would argue that a series of events over the last number of years have led to a decrease in Investor Confidence that led us to quit our jobs and start iex. My hope is at march 31 becomes a low point. We have gotten thousands of calls and emails and letters about people who are actually looking to get back into the market. If there are people that feel like we did the wrong thing by speaking about it, we have not heard from them from the general public. We have gotten a lot of anger from wall street. People embedded in the status quo dont want to see change happen
I am not sure that bernanke will discuss the topic. Looking at both fedex and General Mills. Fedex has been a great performer. They have done maintenance on the planes. That has also cut down on the prices. We are seeing General Mills under pressure while fedex is hitting new highs. Lori thank you, nicole. Adam we are just an hour away from the latest decision from the central bank. Lori will they, or wont they when it comes to tapering . Peter most of the Analysts Expect them to do a soft launch of its tapering. Probably dial it back right ten 20 billion a month or so. Make sure that markets and investors know that it will be future tapering and it will be data dependent. This may not be a slamdunk for the fed. Take a listen. With such a slew of moderately bad news, much weaker than they expected, you know, it does raise the question why start tapering now. I think the market has not really priced that in yet. Peter one of the other options could be not to start tapering now. I also w