Subcommittee on a rise of organized retail crime. Discuss how criminal networks are recruiting people online and on the black market encourage congress to pass new legislation to help address the issue. [background noises] [background noises] committee on Homeland Security subcommittee and counterterror and Law Enforcement intelligence will come to order. Without objection subcommittee may recess at any point. The purpose of this hearing is to evaluate the unprecedented uptick in organized retail crime in the United States and to hear testimony from key witnesses from federal government and private industry. I doubt recognize myself for an Opening Statement. That afternoon. We welcome you to todays important hearing on organized retail crime threats to our public safety. The topic of todays hearing is the issue of organized retail crime. Which has been rising throughout the country demonstrating a threat to tens of thousands of retailers of all sizes and subjecting employees and custom
Rainy today. Stocks pushed down by tumbling Energy Prices which neared fresh sixyear lows by the end of the session. Global supplies outstripped demand and just today Goldman Sachs last forecast on oil calling for further declines in the prices in the year ahead. At the nymex today, domestic Oil Prices Fell another 4 . Down 2. 29 a barrel. Closing at 46. The lowest since april of 2009. Foreign brent crude was down even more falling 2. 68 a barrel. The lowest since march of 09. With oil prices in freefall, many are asking not just how low can oil go but how low is too low. Jackie dangelis has more. Reporter the crude crash continues with no end in sight. Prices on both sides of the atlantic now under 50 a barrel. While cheap crude means consumers could save 50 to 75 billion on gas this year according to aaa, many are wondering how low is too low for oil. The Tipping Point where the drag on the economy outweighs the pickup in consumer spending. Were in the beginning part of the price zon
Rainy today. Stocks pushed down by tumbling Energy Prices which neared fresh sixyear lows by the end of the session. Global supplies outstripped demand and just today Goldman Sachs last forecast on oil calling for further declines in the prices in the year ahead. At the nymex today, domestic Oil Prices Fell another 4 . Down 2. 29 a barrel. Closing at 46. The lowest since april of 2009. Foreign brent crude was down even more falling 2. 68 a barrel. The lowest since march of 09. With oil prices in freefall, many are asking not just how low can oil go but how low is too low. Jackie dangelis has more. Reporter the crude crash continues with no end in sight. Prices on both sides of the atlantic now under 50 a barrel. While cheap crude means consumers could save 50 to 75 billion on gas this year according to aaa, many are wondering how low is too low for oil. The Tipping Point where the drag on the economy outweighs the pickup in consumer spending. Were in the beginning part of the price zon
Rainy today. Stocks pushed down by tumbling Energy Prices which neared fresh sixyear lows by the end of the session. Global supplies outstripped demand and just today Goldman Sachs last forecast on oil calling for further declines in the prices in the year ahead. At the nymex today, domestic Oil Prices Fell another 4 . Down 2. 29 a barrel. Closing at 46. The lowest since april of 2009. Foreign brent crude was down even more falling 2. 68 a barrel. The lowest since march of 09. With oil prices in freefall, many are asking not just how low can oil go but how low is too low. Jackie dangelis has more. Reporter the crude crash continues with no end in sight. Prices on both sides of the atlantic now under 50 a barrel. While cheap crude means consumers could save 50 to 75 billion on gas this year according to aaa, many are wondering how low is too low for oil. The Tipping Point where the drag on the economy outweighs the pickup in consumer spending. Were in the beginning part of the price zon
Rainy today. Stocks pushed down by tumbling Energy Prices which neared fresh sixyear lows by the end of the session. Global supplies outstripped demand and just today Goldman Sachs last forecast on oil calling for further declines in the prices in the year ahead. At the nymex today, domestic Oil Prices Fell another 4 . Down 2. 29 a barrel. Closing at 46. The lowest since april of 2009. Foreign brent crude was down even more falling 2. 68 a barrel. The lowest since march of 09. With oil prices in freefall, many are asking not just how low can oil go but how low is too low. Jackie dangelis has more. Reporter the crude crash continues with no end in sight. Prices on both sides of the atlantic now under 50 a barrel. While cheap crude means consumers could save 50 to 75 billion on gas this year according to aaa, many are wondering how low is too low for oil. The Tipping Point where the drag on the economy outweighs the pickup in consumer spending. Were in the beginning part of the price zon