The subcommittee will come to order. The chair is authorized to declare recesses at any time. This one on the role of data and privacy in competition. I recognize myself for an opening statement. I should state the obvious, im not the chairman of the subcommittee. The chairman of the subcommittee will be here in a few minutes. Digital technologies have provided americans are a remarkable array of services. It has never been easier to share news and information, to publish content and communicate with loved ones. As with technological revolutions of the past this has up ended the balance of power across our country. Its important to understand how these imbalances are affecting americans. The committees ongoing oversight of competition in Digital Markets is a key part of this process. Todays hearing will examine the role that data plays in creating rolls of power and how this affects competition. As previous hearings have shown, its controlled by a small number of companies. They are pe
A child. Some residents are suspicious of refugees in the neighborhood. Americans curious about the bars regulars to cross the road worlds apart. Starting november 11th on d. W. Cut. This week on world stories. Tourists visit the berlin wall 30 years after its fall south africans make jen with the aroma of elephant dung but we begin in russia political activists remember a time here when stalin murdered hundreds of thousands of people and had them dumped in shallow graves in the russian city of blood have a chance a man stumbled across one of these mass graves. But what ifs look at this hole here says we tally kasha and shows us the grisly find on his property. The one i wanted to extend my house here while i was digging the hole for the foundations i found 1st one skull then a 2nd a 3rd and so on. In the meantime fatality has more than 10 sacks of human bones in his garden. A Government Commission says they come from a mass grave dating back to the 1930 s. With. Italy lives with his f
This hearing will come to order. Today we are joined by the leading voices within the administration on reforming and strengthening our Housing Finance system. The secretary of the treasury and secretary of housing and urban development, both of whom have submitted reform proposals to the president , as well as the director of the federal Housing Finance agency who serves as the regulator conservator of freddie mae and fanny fannie mae and freddie mac. It marks 11 years since the government bailed out and put those where they remain today. Prior to 2008 the Government Sponsored Enterprises held . 45 in capital for every 100 in capital for every 100 in mortgages guaranteed. Now they hold just . 19 after a 200 bailout from taxpayers. 11 years later these systemically Important Companies continue to be too big to fail and are more leverage than they were before the financial crisis. Taxpayers inevitably remain on the hook for the next market downturn. In march pres. Trump signed a memoran
Change that is at the bottom of whats now happening in the u. S. China relationship now i think it also has something to do with a new generation of thinkers who gained a lot of influence in and around the white house and given President Trumps own antics i think its very easy to dismiss him as a charlatan but i also tend to think that hes policy visit china is pretty elaborate im not saying its good but all im saying that there is a lot of thought behind it by people like Michael Pillsbury of the its an institute steve bannon etc is there anything in their world view of china as well and they cannot make war on the industrial economies of the west that rings true to you as well. Not as an economic war i mean that youre still make any sense i mean china is competing in the International Marketplace like any other country is competing in the National Market because the program which is the correct problem to focus on is that china because of its economic structure has had certain advant
[inaudible conversations] [inaudible conversations] [inaudible conversations] this hearing will come to order. Today we are joined by the leading voices within the administration on reforming and strengthening the housing and finance some. The secretary of the treasury and the secretary of housing and urban development, both of whom have justice at Housing Finance reform proposals to the president as well as the director of the federal Housing Finance agency who serves as the regulator and conservatory of fannie mae and freddie mac. I want to thank each of you for coming to the committee this morning. Last friday marked 11 years since the government bailed out and put fannie mae and freddie mac in the conservatorship, where they remain today. Prior to 2008, the two governmentsponsored enterprises helped 45 cents in capital for every 100 in mortgages they guaranteed. Now, they hold just 19 cents. After a historic 200 billiondollar bailout from the taxpayers. 11 years later, the systemic