Including preparing to respond to multiple simultaneous disasters during the 2020 hurricane and wildfire season. From the House Oversight subcommittee, this is an hour and 15 minutes. To committee will come order. I would like to point out that we are glad to have representatives here in joining us today. Enjoyed is in the questioning as we pursue this hearing. It and i recognize myself for five minutes Opening Statement. Im convening todays subcommittee hearing in preparation by fema for responding to and helping our nation recover from Natural Disasters. This year will overlap with the nations ongoing efforts to combat the coronavirus epidemic. Fema is the lead federal Agency Response for coordinating prevention mitigation in response andor Recovery Efforts for all domestic disasters including the ongoing coronavirus pandemic. In recent years, fema has struggled to anticipate the severity of multiple disasters in part to Climate Change, advancing security bands contractor supply, and
Trivial to transact but impossible to forge and duplicate. And to verify they must be able to carry this information about any information so it has to do some platforms and networks and machines to generate effectively those transaction laws and records so to figure out how to make cash digital is a tall order which raises the question of why you would need to build such a thing in answering that question is surveillance to build parallel covert societies to libertarian economics and money to the pursuit of mortality all of these agendas fed into the creation of that coin and cryptocurrency. This isnt a story of just payment platform but a test to engineer a future society. A technological project i call the speculative fiction these currencies were platforms with the aid they are imagining. And then to inspire fear or hope and not just in relation to the future but one of the things i came to enjoy as i was working on the book is the currency world prick on one of the many terms of p
Transact but difficult or impossible to forge and duplicate. It must be easy to verify, to prove that it is what it claims to be under all kinds of conditions and constraints for all kinds of people. It must be able to carry the information about what it is and what its worth without generating any information about how its used or by whom. It has to do this on platforms, networks and machines that generate effectively perfect copies and transaction logs and records in their very functioning. In other words, figuring out the how of how to mix things like cash digital is a very tall order indeed. Which raises the question of why you would need to build such a thing. Answering that question will take us from fighting surveillance to building parallel covert societies to libertarian series of economics and money to the pursuit of human immortality. All of these agendas, all of these wise fed into the creation of bitcoin and the crypto currency and block chain landscape today. This isnt ju
To keep roaring . Our next guest says all good things must come to an end before that, lets start with the jobs report. Just 187,000 jobs added, but better signs on the Unemployment Rate which dropped to 3. 5 , and what to make in the surprise uptick in wages. Who better to ask about this, that would be the chief economist diane swan, who came within 6,000 of the number last month. And shes watching three events that could send shockwaves through the economy. Shes back with us with steve liesman. Your own forecasting chops arent bad either, steve i havent been forecasting since the pandemic, but i think the question for diane is obvious why did she miss by 7,000 . I mean, what went wrong, diane you sound like my dad thats what my dad used to say. Why did you get that a minus, diane . Why 95 and not 100 . Do you think youre picking up do you think its just tell me a little more about this and what your reactions were to the report oh, i was extremely pleased with the report. It was exci
Price, model three production woes means tesla is burning cash at 8,000 a minute. Betty what might be one of her last appearances as the chair of the federal reserve, janet yellen is speaking now at the nyus stern school of business with the former bank of england governor mervyn king. Lets listen in. I think the other thing that i learned or discovered was important is very careful deliberationsd among participants in the in order to carefully think through a strategy and try to develop a consensus before presenting it to the public. October, we began the process of shrinking our Balance Sheet, but getting to the point of starting that process involved well over a year of discussions in the committee about how we could do that in a way that the public had in mind,and we how we would use our Balance Sheet, and to do it in a way that wouldnt be disruptive to financial markets. Far, so wood, things so good. Few central across bankers as well prepared as you. [laughter] the key seems to b