Feel burdened with expensive effort of implementing changes that wont yield direct benefits for many years to come. This situation has led policymakers to question whether the current atc structure is best suited for the task at hand the longstanding difficulties of modernization on one reason to consider reform to the systems reliance on annual transportation appropriations and the vagaries of the political process make longterm planning for system capitalization management of the footprint difficult and probably more costly and the faa will always face challenges attracting and retaining the talent needed to drive major technological change when i must compete with cuttingedge businesses in the private sector. To address the challenges we must consider if theres a better way to deliver atc services for the traveling public and airspace users and im open to considering all ideas. Faa is a great record of safety regulators something that regulators something though continuous air Traff
Instead of trying to somehow find equilibrium in talk spirit i believe the process are rather good. Cory if an agreement is reached, they have until june 30 to reach a more comprehensive agreement. A federal probe in the bank asset management. Thousands of pages of the internal documents whether the investments benefited the bank. The index rose more than three points from february with the job market. Home prices are gaining the index of prices in 20 u. S. Cities. 4. 6 in the 12 months since january. Through january. Consolidation in the cable industry. A majority stake in the network and . 4 billion stock deals. 73 stake in the companys. Charter targeted after losing out to comcast. Ibm spawned a partnership with the weather company. The company will build Data Analysis marketed to retail, insurance, companies to help them participate in bad weather. This differentiates both of us in terms of being data to the decision. It speaks to a completely different scale, this is global scale
[inaudible conversations] i think we will get started. I want to thank julia ott before introducer for allowing me to say a few words. Welcome the new school. Welcome to one of the featured events of the Harvard Center for capitalism studies. For a couple of years i taught a course at eugene college, our undergraduate division, on understanding Global Capitalism. The first day we become in and everyone had to look at the tag of the shirt to the person, shirt of the person to their loved and tell us what country that shirt was made in. So that was the first thing we did in understanding Global Capitalism. We would write the names of the countries on the board. And it was invariably 25 countries. Actually remarkable that the production still quite diversified. What we learned by looking at cotton shirts in that case was about globalization of production. We learned about the modern structure of the modern corporation, about branding, fashion design, about the relationship between trade a
That is the accounting that the faa has in the current budget. As much as we wish it would the budget picture will not change we will see more and more spending restraint with the impact of sequestration and layoffs with onagain and offagain stock in star funding from continuing resolutions. That is what the faa is confronted with nobody could or would bill the major new Technology Projects with those types of challenges. Here is the headline from last week and though it causes heart ache but commack the faa is not delivered as promised. The first of the modernization that is why change is needed the consensus of the stakeholders was we need to restructure to a Government Corporation for a Nonprofit Organization that has Stable Funding and the ability to control and finance the march to modernization we have now reached the Tipping Point i am not the typical spokesperson to come to the table to suggest that is the case i would weigh in to have the agency do it there will not be Stable
Out the markets today borrowing capital at almost no cost anybody would do this. You get tremendous savings by being able to make your investment now. You would probably build it in three years it would be outdone. I am listening to you and im hearing highways. We are all thinking about highways right now. They dont have a bill and a highway funding runs out in 10 minutes we still dont have a bill on highway funding. Should we do this for our highway system . Shall we go through a notforprofit organization for our highway system and what about our waterways . Or we go to a private a notforprofit corporation for that . Some of the port authorities are good analogous to that. Indiana has done highways in ohio has done something similar. Theyre aspects and we have certainly done it on bridges in some cases. The mackinac bridge is run by a private authority. It seems to me that we could do better on the funding part and we would acknowledge that we need to do it for infrastructure we need