[inaudible conversations] the hearing will come to order. Today we will receive testimony from david marcus head of libra at facebook. On may 9 senator brown and i sent a letter shortly after it was reported that company was recruiting Financial Institutions and online merchants to launch a cryptocurrency based Payment System using a social network. We asked space bar for more information how the system would work, access and use of Consumer Financial information and facebooks access to use of information on individuals or group of individuals for credit or insurance or housing i appreciate facebooks response last week. Shortly after the letter was sent facebook formally announced its intention to launch the Payment System libra and issued a white paper providing information on the project. Since then us and Global Regulators have taken notice including the Federal Reserve, reserve, Uk Financial Conduct Authority and a stability board, g7 and others for the last week during the Federal
So, rock hill, how yall feeling today. You all feeling the bern . All right, all right im jay lynn el rod. I have the blessing of being the deputy field director in South Carolina that leading the Political Revolution to change our nation for the better [ cheers and applause ] when we come to events like these and we see all of our enthusiastic supporters, i cant help but feel hopeful for the nations future. Because since jan january 20th 2017 weve had dark days in the country. Days that felt hopeless. We felt despair. But we flow because of people like you, because of people who man the campaign, because of people like our candidate Bernie Sanders on january 20th, 2022 this flags is going to change for the better. [ cheers and applause ] when we take the revolution that starts here in South Carolina and when we feel the burn here in South Carolina that bern goes to the oval office. [ cheers and applause ] but im here today rockhill to tell you woil we come to the rallies while they ar
We will get started here. Over the next, i would say most important part of the day, thank you all. My name is polat avila plus im and chairman of the border trade alliance. My day job is Vice President of the San Diego Regional Chamber of commerce. I have to start by taking this is my favorite conference each year. Whether you are new to the conversation of u. S. Mexico relationship and border or you are an expert paula avila the panel of speakers at this conference always provide insightful and thought provoking comments. This panel is no exception. We are really pleased to hear and have them here. I will run through and introduce them. To frame the conversation, on these panels, they have lived and breathed and in a couple of cases run the Border Management ports of entry. We will cover a variety of factors that Border Management entails, which is complicated. We have to ensure security and at the same time facilitate trade and travel and do this across a 2000 mile border. With that
President or wherever books are sold. Back we are back with the president and we will talk about this years congressional pig. First, tell us what this is . Citizens against government waste was founded in 1984 with president reagan so weve been around a long time. Since then we have of course been investigating, researching, exposing and exposing government fraud and abuse and the rest around since 1991 and we have identified hundred 11,000, 114 earmarks with 314 billion dollars so when people say just a little here are a few thousand there but adds up and they are corrupting, costly and equitable and we could talk more about them but its one of the many publications that we put out each year, and certainly something weve been working on for a long time. Since we are talking about money, the viewers always have this question, so how does government waste get funded . We are funded by individuals and by associations and foundations so the vast majority of our money comes from individua
The pig book has been around since 1991. We have identified 11,014 earmarks, and so when people say its just a few million the year, or a few thousand there, it adds up over time. The earmarks are correcting, costly, inequitable, and we should talk more about them. One of the many publications we put out each year, and certainly something we have been working on for a long time. Host since we will be talking about money, our viewers will always have this question. How was citizens against government waste funded . Guest by individuals and associations and foundations. The vast majority of our money comes from individual taxpayers, and always has. Host and also we will be talking about federal earmarks, lets set the stage. What is an earmark . Guest if its one of our seven criteria developed back in 1991 with the congressional park west ors coalition. To be not specifically authorized, not subject to hearings, serves only a local or special interest, it exceeds the budget or last years