Committee will come to order. Last week, the Committee Held classified and unclassified sessions on the state of the world or more accurately, the state of the world environment in which the American Military must operate and u. S. National security must be protected. I was struck by the essential point general petraeus made that we face many threats and can overcome any of them except perhaps what we do to ourselves. Today, we turn to the state of the u. S. Military. I continue to be concerned and sometimes even disturbed by evidence that is accumulating on the damage inflicted upon our military in recent years and the stresses our forces are under. That damage comes from a variety of factors including budget cuts of 20 , continuing resolutions, the failure to recognize or at least admit and then address mounting readiness problems as well as the shrinking size of the force while keeping the tempo of operations high. There is certainly plenty of blame to go around between both parties
Services committee is chaired by texas congressman mack thornberry. Committee will come to order. Last week the Committee Held classified and unclassified sessions on the state of the world. Or more accurately the state of the world environment in which the American Military must operate and u. S. National security must be protected. I was struck by the essential point general petraeus made that we face many threats and can overcome any of them except perhaps what we do to ourselves. Today we turn to the state of the u. S. Military. I continue to be concerned and sometimes even disturbed by evidence that is accumulating on the damage inflicted upon our military in recent years and the stresses our forces are under. That damage comes from a variety of factors including budget cuts of 20 , continuing resolutions, the failure to recognize or at least admit and then address mounting readiness problems as well as the shrinking size of the force while keeping the tempo of operations high. Th
Morning. It is the kind of flashback wall street does not want to see. A lower finish by the s p today would mark its first ninesession losing streak since december of 1980. Were coming off eight straight negative days for the First Time Since 2008. And then that jobs number of course showing lower than expected payrolls. But, jim, the wages suggest that unless more people come back into this labor force, its getting tight. Less slack. Thats certainly a way to look at it. I think that the fed has plenty of ammo here. They can say, listen, weve got job growth. Weve got people make a little extra money. I know theres another whole scheme of thought which is hold on let it run. But in an environment where they think these are emergency rates, these are not emergency job numbers. These are job numbers that you get when things are fine. Now, i know that theres an undercurrent in the election which says that one party is saying, listen, not only things not fine but millions of people are los
If you look at the yen, to see how the markets are focusing up on all this, the dollar yen looks like its sitting at 101. 52. The nikkei up by about 2 on this. A lot of options that the bank of japan had. This is not one of the four major ones people were anticipating. A bit of a head scratcher. Jim can make make sense of it later on. I was listening to Worldwide Exchange driving in. Its a little wonky. Just trying to fix tenyear bond yields, but probably all about the yen. I dont know what to make of it. Heres the thing. This is the wall street journal saying yesterday stocks moved up based on it. The dow edged up as investors awaited policy decisions. The bank of japan is the big the bank of japan, for the hard core investors, this is the game. I will say, jim can clear some of this up, by not easing further, by not luring Interest Rates one more time, by saying they wont buy more in bonds, that may give our Federal Reserve room in terms of going ahead and pushing rates higher. Its b
In our possession. This is what we need to get. How can we do it because we dont know how. We did have discussions with apple. After it was essentially destroyed . s. Am not sure. Ill have to take that for the record. I would like to know, i serve from austin decade on the House Intelligence Committee and during my tenure Michael Hayden was cia director. Now former director of the cia, unbreakable and send encryption. Tell me what your responses to that. s cybercrime, i might add. Embedded if i might use that word. Former director of the cia. s. What i have read and heard, he certainly i believe emphasizes and capturescaptures what was occurring at the time it was in charge of those agencies. His thinking has stopped, and he does not understand encryption a longer. s technology at such a rapid pace. Let me ask you about this. Once criminals note american encryption products comeau what we will stop them from using encrypted products and applications the fall outside of the jurisdiction