There is quite a lot going on on the bond markets. Mike you are wearing a falllike sweater. Maybe we are past the end of summer and there is a seasonal adjustment problem. Sudden, there is a lot of news affecting the markets. Does it last, does it change direction . As i knock into my microphone there. Francine it still feels quite binary. Lets get to the bloomberg first word news. Here is sebastian. North korea says it has the ability to make Nuclear Weapons that will fit onto rockets. Regime conducted its fifth nuclear test. The president of south korea called it an act of maniacal recklessness. In france, police have arrested three women who were plotting imminent terrorist attacks. Earlier this week, a car containing gas canisters was founded Notre Dame Cathedral in paris. The u. S. Secretary of state john again. S back in russia earlier this week, the United States complains that russia has backtracked on agreements to end the syrian civil war. May is allowing the creation of new
The countrys borders as a way to protect u. S. Citizens privacy. So Higher Standards have accompanied the collection of information on citizens on domestic soil under the foreign Intelligence Surveillance act. The problem is that our communications no longer stay window midwest i can bounds. So in 2008 the government made a strong argument that it didnt make sense any more that if communications outside the United States, if you had a bad guy in london calling a bad guy in paris, traditionally under fisa you dont need to go to the court to get a warrant but now if those same two actors use email and it happens to go through the United States, the government has to go to a court to intercept those communications. A very strong argument for 2008 fisa amendments act. The problem is it works two ways. Now if im sitting in this room and i email jen and it goes internationally, now it can be collected. So data is not territorial and not bound by countries borders in the way traditionally wev
It was at least fair, where the 1 were getting 45 and the bottom 99 were getting 55 . What is the configuration now . I might venture to say, mr. Jeffries, that the 99 are getting zero and the top 1 may be right now at 100 . So im asking for the conference to go and work for america. Not this configuration, but to in the 99 investment america. To be able to take the c. B. C. Budget and look at some of the tax reforms that could be utilized, to look at our job creation, which would include the maintenance and repair for public transit, highways, airports, port, railroad and bridges. The houston metro would appreciate having the opportunity to expand and create work from those who would on the rail lines to those who would build the rail cars, to those who would run it. And the opportunity for people going to work to ride on it. Work force Development Programs such as the Work Force Investment act, programs that ive had in times legislation ive introduced in times of high unemployment, t
Welcome to consider this. Here is more on whats ahead. Now. The president has directed that we do everything we can to help the Nigerian Government to find and free these girls. A suspected boko haram gunmen abducted more girls. This is not some sdrant problem of the future. Now. As we get nearer to th dangerous. Russia seems to be intent on a course of preventing and disrupting those e legs. We are here to take a stand against intolerance of the sulta of brunai. We have the economic pressure to apply. Nobody is talking about burning anything down. Targeting the Beverly Hills motel is muss directed. We begin with nigeria where eight more girls age 12 to 15 have been abducted by armed militants, suspected boko haram gunmen loaded them on trucks. This follows the ab deduction of 200 girls who opposing western education. The group has threatened to sell them into slavery. Myer year yap president good luck jonathan is accepting help from the United States. Our embassy is prepared to form a
What solution is there . Even if you had a fair tax or flat tax, youve still got to have an i. R. S. And i love Arthur Laffer, reagans economic advisor, he said, you dont have to have the i. R. S. Do away with it. The problem with the i. R. S. Is of course theyre going to get arrogant because they pick who theyre going to audit, just like weve seen with all these abuses, they put they pick what all they are going to audit, just as weve been hearing, they get so intrusive, so personal, and then they decide what your punishment is going to be. Theres no other area in america, and i sure dont think the think the founders anticipated that the i. R. S. Or any entity would exist that could be the prosecutor, the judge, the jury, and the executioner all. And thats why Arthur Laffer says, you need to get rid of the i. R. S. And have an Auditing Agency thats a fraction of the size of the i. R. S. , they dont get to pick who they audit, thats done completely at random they never get to pick who