Reporters. I have got records on my mind. We may not have a record high for the s p hundred, but we do have a record high for the s p 500 utilities sector. Take a look at the time of 1. 8 . A record closing high as yields have been down for days in a row. It may be worrisome. This is a defensive sector. You have investors going and while the broader sector is going into a record high. Relative to longerterm charts, what we are looking at is the valuation spread between utilities and the s p 500. From 1990 to 2005, we had the s p 500 valuation trading richer than the utilities sector. The Defense Sector took off. That was true during the crisis, and we also had issues in 2011 where utilities took off. Once again, trading at a richer evaluation in the s p 500. Closer to a record. Something to think about for a possible turndown at some point in the future. For me, it is about the ipo market. Dog,ll take a look at data settling around 37. In spite of the tight 40 per share, this is after
The hearing will come to order. Without objection the chair is authorized to declare a recess at any time. Today is the third panel of the oversight investigation subcommittee hearing spielgtsed learning from v. A. Whistleblowers. On june 25th, the subcommittee began this hearing to discuss the importance of va whistle bloergs we heard testimony from people inside the va raising Major Concerns questions and kwerns critical problems affecting the health and well being of veterans. These witnesses were willing to below the whistle even when at risk their livelihood and careers. Unfortunately we learned the va continuing to struggle with the culture of retaliation against whistleblowers. In too many instances leadership and supervisor turned a blind eye in those in v. A. Worker frs pointed out sowers problems or pointing out bad actors ace abuseding positions or broken laws. Even worse the whistleblowers are target of active retaliation one striking example dpram dr. Catherine mitchells t
Unfortunately, we learned that the v. A. Is continuing to struggle with the culture of retaliation against whistleblowers. In too many instances leadership and supervisor turned a blind eye in those in v. A. Worker frs pointed out sowers problems or pointing out bad actors ace of using positions or breaking laws. Even worse the whistleblowers are targeted for active retaliation. One striking example dpram dr. Catherine mitchells testimony. In 2014 she was one of a group of people working at the Phoenix Medical Center to expose the secret waiting list of veterans in need of medical care. Instead of addressing the issue , the leadership actively worked to hide the exorbitant wait times. And it turned out such practices occurred at v. A. Facilities nationwide. The coverup was extensive and deliberate, and health and well the health and well being of veterans was put at risk. Congress responded to the allegations with hearings that confirmed the whistleblowers revelations of long and activ
Decertify the deal. Continue to watch this hearing online at cspan. Org. Here on cspan taking you live to the u. S. House. They gavel in for legislative work, beginning work on debate rules for fridays bill dealing with whistleblower protections. Live coverage here on cspan. The speaker the house will be in order. The prayer will be offered by the guest chaplain, reverend molly fraser, fwig harbor United Methodist church, gig harbor, washington. The chaplain god of many names we give thanks for many opportunities to serve and remind us we are servants of our country, our people, and the land. Let us not forget the blessings you have given us so we might use our power and influence to oorder the country in ways that allow each and every person to find life and liberty and to pursue happiness. Become, perhaps we come, perhaps already weary from an onslaught of emails, texts, fen calls, and meetings where people make demands on how we vote and assumptions on every decision we put forward.
Workers as defense related factories wind down production. It is to allocate an additional 10 million to the office of economic adjustment from the general operations and Maintenance Fund. The office of economic adjustment helps communities across america when a factory shuts down. Over the last decade of war, middleclass factory workers have stepped up to the plate to make sure our troops on the battlefield have the weapons and equipment they needed as we transition away from two long wars and as defense production lines slow down, we cannot leave these workers with only a pink slip in their hands. Thats where the office of economic adjustment comes in. This little known but very Important Office in the pentagon helps communities that would otherwise be devastated when a factory shuts its doors for the last time. The office of economic adjustment provides grants and Technical Assistance to communities so they can develop their own strategies to transition to a postwar economy. Just th