I would point out that in a number of these states, for example, georgia North Carolina experienced after the implementation of their Reentry Program something modelled after the corrections act, they saw a 19. 3 reduction in recidivism. Other states, 10 in georgia, 9. 4 , right right. I think rather than take this as a matter of faith or perhaps expressing our hopes and best wishes, we actually have some real results we can point to that demonstrate the workability of some of these programs. I dont think theres as much disagreement as it may look at first. For the people who will revus to avail themselves of the opportunity to get an education, deal with their drug and alcohol problem and the like, incarceration undoubtedly works. But for those people who will come out, it strikes me as just common sense to try to help equip them so they can cope with a productive life as opposed to being in the turnstyle and going back and forth. I appreciate the important contribution that your orga
Issue. We appreciate your comments. We appreciate every one of you for being here. And were sorry its so late and had to be at this particular time. I had to make it back from utah so i could be here. But we want to thank each and every one of you for your testimony. Its been, its been very important to all of us up here. With that, well, well recess until further notice. All persons having business before the honorable, the Supreme Court of the United States are admonished to draw near and give their attention. We have not seen a court overturn a law that was passed by congress on an economic issue like health care, at least since lockner. The case in lockner is whether a majority rule, a state legislature can take away your life and liberty without due process, and the court ru rules. I think its a wonderful decision. We look at lockner v. New york. The bake shop act was passed restricting the work hours to 60 hours per week. Bakery owner joe hef lockner violated that law and was fin
Hell beides to do it, an amazing speaker but hes got own. O it on his [multiple reporters speaking] his at a going to take t slow pace. Take a break and try to figure out what we need to do to get this country moving. Would you bring that up . I would hope not. Looking for words, integrity, create so much trouble. I dont think so, to be honest with you. Or said when it would be . I did not. Affair . Ing about an well, then thats their that way. O interpret this is something that i think is important to the american anybody in leadership, male or female, should be a man integrity. That is nothing personally about anybody. Thats kind of an assumption, when you reference livingston. He talking about . I was here at the time, and it was total chaos here. I dont want to see that happening again. Now, were oom just members urging paul ryan to run . No. Heres nothing about the next speaker or anything. Its about taking this in a slow way and see if we can find Common Ground and thats what we
Pim. Bond trading wrapping up at 2 15 eastern time. The saudi arabia stock markets, he has been admitted to a hospital for tests. There are reports now that sonar may have detected wreckage from the air asia flight which crashed after the weekend. It is the final day the 31st right, of 2014 . It is. Were done. This is it. Its actually the last day of 2014. Were on now for the sixth Straight Year of gains. That is the longest streak from 1991 to 1999. Lets just hope 2000 and 20011 arent on the horizon. Lets check the futures now. Yesterday with thin trading, well get back some of what we lost yet, up 42 almost 43 points on the dow. The s p is indicated to open higher by six points. And the nasdaq indicated to open higher as it gets closer and closer to that 5,000 level that we havent seen in such a long time. There is crude down 94 cents. 53. So below 355 even though thats supposed to be the bottom along with 60 65 70 75 and 85. Receipts take a quick look at the dollar. Well look at the
Good morning, welcome to the program packed full of fantastic guests to give you you updates and analysis on where we are in trade. If europe, higher by 0. 8 . Coming off the 3 1 2 month low that we saw in the close on friday, helped along by optimism on the negotiations to avoid a fiscal cliff state side. We saw quite a rally in the u. S. On fridays close and that is feeding through to europe here this morning. Ftse 100 higher by 09 , xetra dax by more than 1 and ibex 35 more than half a percentage point. The bond markets, the question is whether or not well see a lid on on bond prices on treasuries especially if we manage to overt a fiscal cliff scenario, if we see productive talks continuing. Right now were seeing the yield on on the ten year bund just a little bit higher. Were seeing a bit of buying taking place in the spanish and italian debt market on the ten year and a little bit of selling on on the gilt. The currency markets just to give you a full update on where we are, we h