Idaho hedge their risks in their farming and ranching opportunities in the same way by trying to make sure that they have protected the price of certain commodities that they need to utilize in the conduct of theirins. By making sure they have protected certain commodities. Derivatives have historically been used by businesses. And everything and between to manage the risk of their businesses. Endusers trading derivatives to hedge business and economic risk and it is important to understand. Overtime derivatives of ground and the use of investment in derivatives has grown. Instead of just endusers trying to manage risk and community commodities for their products and physical needs many derivatives in fact, probably most more than the majority of the derivatives that are invested in today are no longer based upon a physical commodity but are links to variables like Interest Rates or stock prices or currency valuations or other factors like that. The market has moved into areas similar
Like the members of congress that have spoken today i long advocated for modernizing our relationship with cuba. I led a bipartisan bill to make it easier to finance exports to cuba. The bill is led in the house by ranking agriculture chair colin peterson. My home state of minnesota digs into exports while we export to cuba in 2o 13. With the president s action alone, the Minnesota Department of agriculture estimates that exports could increase by another 20 million. Increasing agriculture exports and promoting normal commercial relations with cuba will ensure cubans can provide for their families. The growing community of cuban Small Farmers and coops need advice and assistance to aid in the large Stateowned Enterprises to a more entrepreneurial system u. S. Agriculture can develop a new generation of cuban agriculture. The success of this policy shift and the potential for openings does not hinge solely on the u. S. The government must take serious steps to reform politically and eco
Having this archaic policy that wouldnt allow cuba to join the hemispheric unity. Now that we will i think when he goes to this conference, next summit in panama, hell be welcomed. Because now well be able to unify this entire hemisphere. You may think its a small island but the significance of being able to bring in 11 Million People and make them like the rest of the people in this hemisphere, when you think about it, as we go out and compete against the world we have every type of agriculture that there is in the world, every single thing is grown in this hemisphere. We have more ability for producing electrons than any other hemisphere in the world. All of the solar, all of the wind all of the hydro all of the oil. I mean you name it. Every possibility of producing energy exists. If we could just unify this whole hemisphere and this is what these president s are all talking about is the hemispheric energy policy. We wouldnt need a drop of oil from any other part of the world. We co
Opportunities to try to, you know, position this certain ways as to who its for and so forth. But if you ask the American People, by a margin of 21 consistently over years, theyve said they want it. And last i checked, thats who we work for. And as far as a turning point, im listening to some of these arguments, and theyve got to be music to opecs ears. Some of these arguments are going to guarantee that we continue to import oil from the middle east. And im pretty sure thats not what americans want. And any other alternative type of energy that any member of this committee or anyone else wants to bring up, go do it. This legislation doesnt stop one of those ideas. Go do it. But the reality is, if you understand economics, economics come into play. And opec and other countries are going to continue to manage this oil price so that things work for them, not us. So i believe we need to compete when it comes to oil and gas and were doing it. And thats why prices are down at the pump. And
To 70 is the spread at 4 00, and when we get to 7 00 the threat of ran democrat showers disasters to taper rapidly so it will be dry and cooler so grab a coat. Problems already, we have new problems as well, with delays from hayward and a brand new crash on 880 near 238 but a picture of the bay bridge toll plaza shows it is busy coming from the east bay and then it is normal traffic into San Francisco at 15 minutes. Now, moving over to san jose, 280, still moving along without any problems and no crashes to report at highway 17. In europe a commercial jet crashed in for example alps and the airline update none of people raising it to 150 passengers and crew and no one is believed to have survived. We are in the newsroom with the latest from tiffany. Plane sent out a distress call. Germanwings flight 9525 crashes in the southern french alps on the way from barcelona dusseldorf. The president of france called the crash a tragedy on french soil. The nationalities are not known but 45 pass