Fourth tiers, that has already begun to happen. And major contractors have said that the furloughs were triggered because the Defense Contract Management Agency was furloughed. And so the contract inspectors, some of the technical inspectors, werent there. And also that some of the government facilities had not opened up, some of of the governmentowned contractor operated facilities but even the most of the civilians are back at work and some companies are still gone ahead and furloughed or laid folks off. Why is this the case, that this is where companies are trying to bank savings for the future that they understand that deep defense cuts are companying or driven by what is happening . I think it is a combination of both. But what youre really seeing is the result of uncertainty. With unpredictability and uncertainty in the market, sue more conservative tism. It is a cascade effect. Where you saw it in week one, and you see it at the second tiers in week three and third and fourth ti
Internet. They are places where more networks of the internet connects more than any whorls, and they are mostly in places you would expect, london, frankfurt, tokyo, and places like ashburn, virginia, an unincorporated suburb not far from dulles airport, where if you ask the Network Engineers that i talk about, they would say new york, los angeles, ashburn, as if it were a Global Capital and not a tiny suburb. There is a surprisingly short list of places that are the hot spots on the internet. Andrew blum looks for the internet in the real world monday night on the communicators on cspan2. Next, 10 years of the e government act, improving government access and productivity. This is just over one hour. All right, so why do we not just jump into this next panel . If ms. Panel was about the tenures, this panel is really about the next 10 years. What are the big challenges year, what are the things different now . From a technology perspective, this is pretty easy. I can tell you that if
Are rising after the fed indicated it wont raise rates. We are going to learn later today whether alibaba will be the biggest ever ipo. Pricing tonight and they start trading tomorrow. Bayer has from decided to focus on his crop chemicals unit. Their ending years of speculation as to what they would do with the unit. But to stay, or to go . That is the question. Voters in scotland will provide that answer. The 307yearold union with the u. K. Will come down to a ballot. We cant give you all results to avoid swaying voters that we can check in on the state. Nna edwards has more when should we start to see results . Were here on carlton hill looking over the city of edinburgh. We expect to get the early results around 2 00 a. M. Local time 9 00 in the evening for you in new york. That wont be the end of things at all. Some of the smaller constituencies will be reporting first. Likely to hear from the western isle councils. Small inhabited areas will be giving us their results first. We mi
Facing opposition from both sides of the aisle, Larry Summers pulling out of the race for fed chairman. The onetime Clinton Administration secretary called the president to notify him. In a letter following the call, he wrote, i have reluctantly concluded that any possible confirmation for me would be acrimonious and would not serve the interest of the federal reserve, the administration or ultimately the interests of the nations john gog economic recovery. Janet yellen seen as a leading candidate, seen by the markets as less likely to scale back the Stimulus Program as aggressively as summers would have had he become fed chairman. Is this all about summers or Something Else . Summers is a patriot. He knew this was going to tear the country up. I know he wanted the jobs. It is kind of a big thing for him to do. He did not press it. I dont know why the president would pick yellen, because she is everything he doesnt seem to want. Total dark horse, probably doesnt get it. Stanley fisher,
Administration on taking quick action. You have this meeting this afternoon to discuss next steps on isis but you have the president going to nato next week, perhaps some reluctance to announce major decisions before he goes there. He Needs International cooperation. The same can be said on the reaction to ukraine. The trouble is events on the ground are moving quickly, and frankly, others are getting ahead of the administration, for instance, you have ukraine itself calling russian action there in the words of the president a fullscale invasion. The white house still calls it an incursion. And for obvious reasons. An invasion would require an immediate decision about next steps. But interestingly, jim acosta mentioned ambassador Samantha Powers comments on ukraine. She has in the last several weeks often been just a step ahead of the administration on the level of her criticism of russia and calling a spade a said if you will about Russian Military activity as has nato. Comments comin