There are a lot of webbased products providing advice to folks. Many of whom are people who dont have the Million Dollar nest egg but have a nest egg that is far smaller. And so you know theyre pretty smart people over there. They had a new regulatory environment, and they have been figuring it out. And innovation has emerged. I think folks around here are pretty smart too. Were no less smart than the brits. And i think we can figure it out too. And so you know, the miracle of compound interest is a wonderful miracle. However, the flip side of that, which is not a wonderful miracle, is, that you know, the tragedy of come found fees and costs, can linger, like a chronic illness for a retiree. And when youre talking about 26,000 a year, for this family, do the math. Do the comparison between that and an index fund or some other instrument, that was pretty simple. I think we can do this. I think this is one of the most remarkably important things that we can undertake in the remaining 650
[inaudible conversations] good running. Is mired privilege to offer the next keynote speaker secretary of labor practice for a recent profile written upon his return from the negotiations of the west coasts strike with a second term cabinet and hero among the liberal left. As a cardcarrying member i can attest to that accuracy of the assessment. So as a member of the Obama Administration only in the current position for the less than two years. But has already had an enormous impact this strengthening protections for retirement favors the fact that we stand here today with a fighting chance to make this embattled effort a reality is due and though small part to his leadership. From date number one secretary for regis made it his own and in doing so shows the same ability to reach out to opponents and listen to all sides to bring people together in a recent conversation maybe not turned into instant supporters as a miracle worker but at least to dial down the volume of opposition so the
Coordination, information sharing, threat information sharing, and information sharing about best practices and best results. Thank you. Yeah thank you. And very quickly we are very open to trying to play a stronger role in trying to assist these conversations across different modes of transportation. I would say that just the first thing weve got to do in each of these modes is get the modes, you know within the modes having the discussion because there will be things unique to automobiles or to rail cars or to aviation that are distinct. But to your point i do think there are crosscutting issues too. And our department intends to play an active role on the crosscutting side of the conversation as well. Id like to thank you for a very interesting and informative session. [ applause ] lets all give the secretary [ applause ] thank you very much. Tonight on the communicators, fcc commissioner minion clyburn on their recent Net Neutrality ruling, municipal broadband and the subsidized ph
Excited to have me here. I responded. Was that you . Good to see you in the world. Just to tread lightly and question the status quo partly for me what i feel is a visible position i am a private person, and i use twitter more for professional services, so you will see me tweeting things like we issued our transparency report. That is the kind of thing i want people to know about. I know there are a lot of other people tweeting about seeing their daughters first steps. My daughters first steps were experienced by me in the comfort of my own home and were not disseminated in this way, but that is up to each on their own. Dean lyons i tend to use it professionally as well as well but occasionally i will tweet about my kids, and it sounds authentic to them. I think they respond favorably. Gabriel it is lovely. It is lovely. As a user, some of those moments where i get to see this unvarnished look at people ive never would have had access to i love those experiences. To be able to be expos
At the sec who have been very helpful. And rich cordray and his team that have been very helpful. And industry stake holders with whom weve met with regularity because theyve been very helpful in enable ling us to understand the Business Model and how you thread the needle. I think it is a false choice to suggest that the only way to continue the business of providing Financial Service advice to folks is the status quo. I categorically reject that. You know, i have heard from some, i dont understand the problem youre seeking to solve. And with all due respect, i dont i cant believe that you dont understand the problem that were seeking to resolve. I really dont. And i dont mean that disrespectfully. And fortunately, i have heard that less and less in recent months. I heard that at the outset. And i hear that less and less. And that is the good news. And so what are we trying to do with our proposed rule . Were trying to solve the problems that have afflicted so many people. You know, i