[inaudible conversation] [inaudible conversation] [inaudible conversation] [inaudible conversation] [inaudible conversation] [inaudible conversation] [inaudible conversation] the meeting will come to order without objection. The chair is authorized to declare recess at any time. This hearing is entitled examining the sec agenda operations in fy 2018 budget request. I now recognize myself or three minutes to give an opening statement. I warn everybody i will take a lot longer because there is unanticipated news. First, before proceeding to the purpose of this hearing, i do want to know for all my colleagues that as we begin this hearing today, in 318, b3 18 of this very building, the rayburn building, our friend, our colleague, the Great American hero and patriot sam johnson is being honored by having that very room b3 18 named after him. I think we all know he is a decorated war hero who served his nation with great courage, great valor in korea and vietnam and spent seven years and ex
The next 12 months and longerterm. Hopefully this will help you as governors to know whether to invest more now or to save for a rainy day. I am delighted to have such a distinguished panel of guests here to have this discussion. Yogi bear is says it is difficult to make predictions, especially about the future but if anyone can do it accurately, it is these guys. We have a broad wealth of experience and knowledge. Start withl do is five minutes or so about the current shape of the u. S. Economy and we will turn to the discussionnd have a for the next half hour or so. At the end, i would like to open it up to westerns from the governors. If there are certain topics that are more pertinent to you. To set the scene a little bit allay some fears, it is a bit bizarre at the moment that there is so much speculation that we are headed towards a recession. Measures, the u. S. Economy is in stronger shape than it has been for the best part of a decade and probably in much stronger shape than m
General Public Comment item no. 3. Please come on up. I have one card in front of me. Mr. John furlan okay thank you, president cohen. First off, im disturbed about the trend of moving closed session to the front of the agenda and having members of the public have to wait for an hourandahalf and two hours to wait for you to get through the investment calendar. And i would respectfully request that you move the investment calendar back to the agenda, so members of the public dont have to cool their heels while you are dealing with that. Okay. If necessary if you could move it to a special meeting each month, rather than jampack your agenda, so you are not out of here before 5 00 or 6 00 or 7 00; that would be even better. I would like to correct the record last month, ke walker inappropriately and inaccurately quoted that the program for the dalt investment would yield 9. 4 . She misread bob shaws analysis. She was quoting percentage for the loans that have already been repaid, and i be
Mr. John furlan okay thank you, president cohen. First off, im disturbed about the trend of moving closed session to the front of the agenda and having members of the public have to wait for an hourandahalf and two hours to wait for you to get through the investment calendar. And i would respectfully request that you move the investment calendar back to the agenda, so members of the public dont have to cool their heels while you are dealing with that. Okay. If necessary if you could move it to a special meeting each month, rather than jampack your agenda, so you are not out of here before 5 00 or 6 00 or 7 00; that would be even better. I would like to correct the record last month, ke walker inappropriately and inaccurately quoted that the program for the dalt investment would yield 9. 4 . She misread bob shaws analysis. She was quoting percentage for the loans that have already been repaid, and i believe more accurate number of 5. 2 yield on that proposed investment. Im also a little
General Public Comment item no. 3. Please come on up. I have one card in front of me. Mr. John furlan okay thank you, president cohen. First off, im disturbed about the trend of moving closed session to the front of the agenda and having members of the public have to wait for an hourandahalf and two hours to wait for you to get through the investment calendar. And i would respectfully request that you move the investment calendar back to the agenda, so members of the public dont have to cool their heels while you are dealing with that. Okay. If necessary if you could move it to a special meeting each month, rather than jampack your agenda, so you are not out of here before 5 00 or 6 00 or 7 00; that would be even better. I would like to correct the record last month, ke walker inappropriately and inaccurately quoted that the program for the dalt investment would yield 9. 4 . She misread bob shaws analysis. She was quoting percentage for the loans that have already been repaid, and i be