Before being the president s special envoy many of you know he took on the small challenge of trying to help lead the middle east Peace Process for two years working back and forth between the israelis and palestinians in helping with what was a pure like efforts to move forward towards the two state solution in hes been the commander of centcom and is somebody that applies a great deal of thought and reflection to help America Needs to handle its most ethical challenges. And most importantly and i have seen in in this capacity wearing the uniform and out of the uniform, he understands the challenges we face are never strictly military, they are always political and always complex. We could have no better person to bring to this task to try to figure out what are all the pieces of the puzzle countering the threat posed to the country that it is correctly decimating in the racing borders to the region in how we can get a solution that isnt going to rely just on a military force by us an
The second session will begin and we will introduce the second panel. As alpas chief executive and administrati officer, the captain presides over the body and oversees daily operations. The chair recognizes the captain to testify. Good morning, mr. Chairman and congressman payne. I am president of the Airline Pilots association international, and we represent more than 52,000 pilots that fly for 31 passenger and all cargo flights in the United States and canada. Thank you for inviting me here today. For several decades pilots have had a strong relationship with the federal air Marshal Service. We meet on a regular basis to make sure we have a current and most accurate understanding of the rules and responsibilities and training and methods. We focus on how they act. Alpha members have been deeply impressed by the professionalism of the air marshals and the leaders, including the assistant administrator alison. Every day they put their lives at risk to safeguard the crew and passengers
The wake of Tropical Storm isabel. In 2003 isabel caused widespread flooding and equipment damage throughout the yard. The total cost of that for repair was 120 million. Weve taken several measures to ensure a similar event will not have the same detrimental impact. Weve raised the ground floor elevations of new construction. For example, wesley brownfieldhouse was built above the flood level and acts as a flood wall. We reelected the chiller plant and moved the hvac equipment to rooftops where feasible. We have raised electrical outlet on ground floors and installed check valves on ubd ground tunnels and storm lines. Where suitable weve identified opportunities for quote wet, flood proofing unquote where we designated billings and fields that will be allowed to flood once in a 100 years. They can handle flooding with minimal damage and using costs to keep them dry would not be Cost Effective. And we have protocol for equipment relocation in classrooms and labs in the event of a major
Other sister agency. Its a meritorious move. You said is, quote, good people operating in a flawed system. Would you explain that . Sure. There is a misalignment between the incentives that a person giving advice has and the best interest of the consumer. So, for instance, again, getting back to the tofels, if you have four or five different products under the current suitability rule that are suitable and product the first product, the variable annuity generates 26,000 a year in fees and another product, which would have a comparable return has a fraction of those fees, you have per verse incentive to steer them to the product that generates the most fees. And again, that is totally permissible so im not casting aspersions on the person that does it. Im saying thats not right. And we can device a system and i underscore what i said in my testimony, theres a substantial number of people, including one of the witnesses who will come up on the next panel, that operate under a fiduciary m
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