Coins and Digital Assets. Concerns over insurance and real estate markets and risks posed by using Artificial Intelligence in the Financial Sector on the Senate Banking committee of, this is about two hours and 15 minutes. The committee on banking, housing will come to order. Secretary yellen , who has been flexible on the schedule and we had to change the time from yesterday to today, she has to leave at 11 30 and we will respect that. I will enforce the five minute rule on myself and everybody else. For a long time it has been clear what gets rewarded on wall street, bigger risks mean profit and that means more Stock Options which means fatter bonuses and then we end up with a wall street culture that glorifies a it leads to an economy of excess and a shrinking middle class. That is how we got east palestine. And the ceo of stellantis making three times what the average worker makes. We saw that plan play out with poorlyrun banks putting profits above Risk Management. And Small Busin
Stand again in support of our great ally israel. The terror and devastation unleashed on israel by iranbacked Hamas Terrorists has rightly horrified the world. What im about to describe is difficult to say and uncomfortable to hear, but it has to be said on the senate floor. We cannot make this stuff up. The world must know the atrocities that occurred in israel. On the morning of saturday, october 7, 2023, as families rose to start a new day, make breakfast or slowly wake up in their beds, terror approached. Innocent families were murdered in their homes. Babies were killed, innocent little babies were murdered and some were ruthlessly beheaded. Children were burned alive. Teenage girls were raped and then burned alive. And a wheelchair bound woman later identified as a holocaust survivor was brutally dragged through the streets of gaza. Children who witnessed the murders of their parents being kidnapped are now being held hostage by hamas. More than 250 young people were savagely mur
Aspen Strategy Group and welcome to this session on American Global leadership in the 21st century. We want to thank them for the space and particularly dan sussman of alaska, im going to introduce in just a minute. Let me tell you about our program this morning. We at the aspen Strategy Group are 35 years old. We have this radical notion that even in washington there can be an organization thats resolutely nonpartisan. We have been resolutely nonpartisan for 35 years. Bill perry, joe nye, joe showcroft. We meet in aspen and debate about American Foreign policy and leadership and each year we prepare a book based on our proceedings for publication and this years book is available today. If the book were discussing today called the world turned upsidedown, maintaining American Leadership in a dangerous age, were going to discuss the book this morning beginning with senator sullivan and then continuing with our good friend who will talk about major changes and how america looks at global
Good morning. I want to thank everyone for being here to examine what social Media Companies are doing to combat terrorism, including terrorist propaganda and terrorist recruitment efforts online. The positive contributions of social media platforms are well documented. Youtube, facebook, and twitter, among others, help to connect people around the world, give voice to those oppressed by totalitarian regimes and provide a forum for discussions of every political, social, scientific, and cultural stripe. These services have thrived online because of the freedom made possible by the uniquely american guarantee of free speech and by a light touch regulatory policy. But as is so often the case, enemies of our way of life have sought to take advantage of our freedoms to advance hateful causes. Violent Islamic Terrorist Groups like isis have been particularly aggressive in seeking to radicalize and recruit over the internet and various social media platforms. The companies that our witnesses
Saudi arabia over the last two weeks. Feels like these days if you want a look at the implications in the oil market you need to be a geopolitical analyst at the same time and know about the ins and outs of the mideastern policy do you think its really just a geopolitical risk premium added to the oil markets is that actually something, the saudi arabia situation, that could impact the balances overall . Well, what were seeing leaving aside the geopolitical tensions for a moment is that there has been lower Production Output in Northern Iraq because of the situation there and we saw, as we said in the report, lower than expected production in one or two other places, algeria, nigeria, venezuela, mexico, lower growth than expected in the u. S added to the fact that stocks are falling as we also see in the report and demand in reasonably strong. There are some underlyingfu fundamental factors that help drive prices, but the situation in the middle east has added further momentum in the u