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Transcripts For BLOOMBERG Lunch Money 20140331

Faucets, toilets and seeing is right at home in wisconsin. In sports, a mari means business. We will talk about his ambitions off the court. We will talk about we will kick it off with what everyone is talking about. The stock market is rigged. In globalconic market capitalism is rigged by whom . By a combination of stock exchanges, the big wall street banks and highfrequency traders. That was michael lewis, Nonfiction Author on 60 minutes last night. Youve probably heard about his books as of experience as a bond trader and baseball. Most recently, the big short about the housing and credit bubbles of the 2000. Now he has a new book called flash boys a wall street revolt. Its about flash trading in the highspeed algorithmic strategies. Here he is once again. Insiders are able to move faster than you, able to see your order and play it against other orders and ways you dont understand. They are able to front run your order. What you mean front run . They are able to identify your desir

Transcripts For CSPAN2 Key Capitol Hill Hearings 20140619

I now convene this hearing of the oversight and investigation subcommittee entitled the gm ignition switch recall investigation update. I thiank my colleagues and presenters for being here. Ms. Barra, when you were before this committee almost three months ago you could not answer many of the subcommittees questions about why it took General Motors years to figure out why the air bags in the cobalts, ions, hhrs were not deploying when they should have. It took gm years before finally issuing a safety recall. Now mr. Valucas has made public his report on the gm fiasco in which he concludes it doesnt appear to be a case of a coverup or a conspiracy. Instead, according to mr. Valukass report gms failure to recall faulty vehicles was a case of incompetence and neglect. Perhaps this report should have been subtitled dont assume malfeasance when incompetence will do. I still have questions about whether gm employees knowingly withheld information during previous liability lawsuits. Informati

Transcripts For CSPAN3 Politics Public Policy Today 20140619

Breakdowns and fundamental misunderstandings that permitted gm engineers not to suspect a safety problem when cobalts were stalling due to a faulty switch. The possibility these problems are pervasive and cultural deeply concerns me. Concerns us all. We learn machine that gm has announced yet another recall. 39th since january. This one is hauntingly similar to the cobalt ignition switch recall. The ignition switch in certain buicks, chevys and cadillacs moves out to the run position moves out of the run position if the key has too much weight on it causing the car to lose power and stall. The model years goes back to the year 2000. Your report tells us about the engineering and legal findings of gm but what it doesnt divulge is weather gm attorneys made conscious decisions during discovery and prevented the truth from coming out sooner and potentially saving lives. That kind of malfeasance should be the crux of a coverup. I want to delve deeper into that issue n find out if that occur

Transcripts For CSPAN3 Key Capitol Hill Hearings 20140620

Never be brought into the public square. Culturally we value the role of religion in public life stipulated. So the big difference, of course, is do we respect the right of everyone, irrespective of faith, including those who have no faith, those who are athei atheists, who are unbelievers, to follow their consciences precisely in matters of faith . We believe in that very strongly. We did from the beginning in the United States. Its written into our constitution. Even before we had a first amendment, our constitution has a prohibition of religious tests for public offices. Anybody of any faith can hold any office under the United States. And we have committed ourselves, as have many other nations, including iran, to International Human rights standards with respect to religious freedom. So were really simply asking iran to live up to those standards. Were not saying disseven religion, thats not our claim. We understand you can have a different system from ours. Were just saying, respe

Transcripts For CSPAN3 Key Capitol Hill Hearings 20140620

Constitution, we had states like connecticut that had established churches still. But they were not active in that way. So i guess this idea of sharia being so broad seems to me to be more than just about whatever religion you believe in, because there are millions and millions of people who are muslims who do not subscribe to the overall political ideology that comes with that. Yes, thats thats absolutely right. You can have an established religion. In the United States we prefer not to have that. We disestablished our churches in the states, i think the last ones died out in the 1830s. But britain has the Anglican Church, it has an established religion, but it is respectful of the rights of religious minorities. I lived in britain myself for five years lives a graduate student and as a visiting scholar. I was not a member of the established church but i was entirely free to practice my own religion. We wouldnt want to say to the british, you have an obligation under human rights to d

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