What you get back is a conversation about value. Often college also frame the value of Higher Education in economic terms, and we become used to talking about return on investments and u. S. The department of education is publishing information about how much graduates individually make. So if youre going to measure the value of college in some way other how much a home is worth in the labor market, it leads you to that. Criticizing or denouncing creditors because of a dissatisfaction with the way they handle Quality Control and other aspects of Higher Education. It leads you to if not accreditation, then what . If you want to think about innovation and Higher Education and maybe finding new ways to use the federal Financial Aid system to give entrepreneurs or people the ability to create new systems or new ways of approaching Higher Education, but at the same time, youre mindful of the potential for fraud and abuse, it raises the question, how would you find out whether or not some ne
Weakerthanexpected manufacturing data and the brutal 3. 6 decline in the chinese stock market last night. How can this clearly bad Economic News produce such a remarkable run . Dow climbing 229 points, s p jumping, nasdaq gaining 1. 14 . Is this opposite day . Perhaps the market lost its mind . No, its like weve entered bizarreo world with bad news is good news. Why . The uglier the backdrop, the more likely the Federal Reserve stands pat and refuses to raise rates when it concludes its deliberation this is thursday. This fed meeting, like it or not and you know i dont like it is the most important event of 2015 for two reasons i dont recall a more opaque fed. Its driving me crazy its about to render a momentous decision that will surprise people. Second, the consequences of a rate hike, listen, youre not going to get that plus and minus stuff for america its plain negative for stocks but the upside from the no hike while positive as we saw in todays action perhaps stolen by from a ben
Japan was closed. Oil coming off the best week since august. Bond markets are closed. This morning its the largest tech deal in history. Dell agreeing to buy emc for 67 billion. You will hear what ceos of both companies told cnbc. We will hear where things stand now with inbev and san miller. And twitter planning companywide layoffs. A big move from newly installed ceo, jack dorsey. Dell agrees to acquire emc in a cash and stock deal valued at 67 billion. Transaction includes a special stock that tracks the performance of emcs stake in vmware. Michael dell will lead the combined company. He talked about his future plans this morning on squawk box. We are focused on in the first 18 to 24 months, a significant reduction in the debt, which will come from certainly the cash flow of the combined companies which is quite powerful. Some cost synergies, but importantly the revenue synergies here are about three times larger than the cost synergies. As we said, biggest tech deal ever. Biggest p
Officials from the state an Energy Department where i capitol hill today to testify on the nuclear deal with iran. The hearing held by the Senate Foreign Relations Committee focused on october 2015 testing of two Ballistic Missile by iran and the u. S. Ability to enforce keeper visions of the agreement. This is two and half hour. Would like to thank our witnesses for being here. We know senators that are here at the moment, others will be joining. This hearing is the first Public Meeting the committee has held as we began overseeing the implementation of the iran deal. I would like to underscore the importance that we play some oversight efforts. In many ways i think that is the strongest element of the firebrand review act. We intend to hold another hearing in january after the administration submits the 180 day report, as required by the iran review act. F third, if implementation day occurs. Im sure there are more to follow after that and we will work with that and well work with th
It in no way diminishes, as as i said the task of counter proliferation, of preventing acquisition of technology. I look forward to addressing any concerns or questions you have about these two central roles in my bureau. Or any other topic. Thank you thank you again for this opportunity. Thank you very much. Thank you chairman corker, Ranking Member, and Ranking Members of the committee. It is a great honor to testify before this committee and to have the opportunity to discuss the role of the department of energy and the National Nuclear Security Administration play, and will continue to play in support of the u. S. Governments actions to implement the jcp oa. As my colleagues from the state department have already stated, the jcp oa ensures that Irans Nuclear program is exclusively peaceful. It provides unprecedented verification measures, it constrains Irans Nuclear program and a manner that gives us ample time to respond if iran chooses to violate its terms and it takes, of our op