Better system. Thank you very much. [applause] do we go straight to the second panel or short break . Enjoy a cup of coffee and well will be back for more fireworks. [inaudible conversations] [inaudible conversations] [inaudible conversations] ladies and gentlemen if everyone would take a seat we are going to get started. If everybody just wants to get a chair. Unlike the Payment System we run on time here. We will have to do this the bob barker way. Founding fathers set down to ride the constitution in the summer of 1887 had been scarred not only by war but by series of sales monetary experiment, experiments with money issued by the state. The scars of those battles are written in the pages of the constitution itself which has a narrow view of what money w is. This is going to get quickly. That view basically sought legal tender is the endpoint. The moment history they were on the three banks in the entire United States to the plate is secretly prominent t role in money. Gold and silv
With a three handle. A shutdown possibly this weekend. Shares of nike are rallying despite the first revenue miss. The company saying that it sees resilient up canner both here in the u. S. And in china. And the street now braces for a potential Government Shutdown as soon as tomorrow night. Meantime we knew pce was going to be the tent pole data point of the week and some relief we got. Yeah, people leaning towards the idea that it would be a relatively softer number based on some of the clues going into it. As expected, we spoke around the close yesterday, i said that were going to be allowed to mark our fear to reality here. Because it has been all about, wait, what is going on with the messy selloff. It seems upnanchored and a life of its own. And yesterday gdp revision, today pce inflation number. So we have the economy we more or less thought we had. Getting a bit of a bid in stocks. It is all coming together almost a little too crypted. Maybe last day of the quarter. You have ha
People to remain calm. On our mind is an inclusion of this for operation. Him underitary has house arrest for several days. The november 12 quake killed more than 500 people and injured thousands more. Live in new york, we are 30 minutes from the close in the united states. Stocks kicking off in the green. Youhe question is, what did miss . They are already concerned its future in the senate. Paul krugman brakes on the winners and losers of tax reform. Taking his day for time warner has hit a snag. They have filed an antitrust suit over the proposed merger. Can abreast are giving the nebraskaeline giving the Keystone Pipeline the green light. It is not breaking news. Expected the spirit is a politics or business . It is business but also politics. It is an Important Development in terms of the Justice Department under the new administration. In a lot of antitrust experts have both sides of the aisle in terms of where they think this will end up. Is a vertical merger. Much more difficul
The subcommittee on energy will now come to order and the chair will recognize himself or an opening statement. This years atlantic Hurricane Season was unprecedented. More named storms in close succession slammed the gulf and the u. S. Virgin islands. These hurricanes caused catastrophic damage in Energy Supply disruptions across the country. Both texas and florida are further down the road to recovery in the humanitarian crisis is unfolding in puerto rico. A number of colleagues from this committee have been down there and the u. S. Virgin islands where the majority of folks still remain without power for more than a month after Hurricane Maria made landfall. Todays hearing will review the response in Energy Recovery efforts in the wake of the storms that will help us begin to understand what went right and what went wrong. What lessons can be learned and how we as a risk and identify gaps so when the next hurricane hits we will be better prepared. As a result of Hurricane Harvey mor
That they had a voice. That was my main job. I also advised the chairman on various policy issues and did a good bit of press. I had a variety of jobs. I was at the intersection of press shop and policy shop and stakeholder shop. Kind of a multifaceted job. Do you think you got results . Absolutely. Chairman wheeler was one of the most active chairman in the history of the fcc. And he was only there for three years. Thats remarkable. We did everything. We adopted privacy rules for lasting netiders, neutrality rules, adopted numerous protections for disabled citizens so they could get access to communication, adopted rules that made Public Safety more hearty. Important, we asked restrictions we strengthened the enforcement arm of the agency. The chairman put in charge somebody who really went after folks who broke all the rules. That was critically important. This is about protecting consumers, promoting competition , ensuring fast, fair, and open networks. The new administration is com