Our hoist machine is located overhead, and this is a traction machine, so it is an evolution beyond the winding from elevator. This is the drive ship. This is the gear box, and this is original from 1913. It is a heavyduty design that we really do not see any more today. That is probably part of the reason why this elevator has already lasted close to 100 years. This is the break for the voice machine teh brake. We have the original controller here. Fortunately, the power is turned off. This room was built in 1913, but the National Elevator cut actually was not introduced until 1921. Tell us about this antique controller. What makes it different from a modern controller . The elevator is running on the original d. C. Power. Really simple in operation. Does not include a lot of the features we would have in an elevator today, Automatic Door operation, dispatching, push button operation. None of those features are present, but this is the original from 1913. On this side, we have all the
Order. Without objection, the chair is authorized to declare a recess of the committee at any time. This hearing is entitled Monetary Policy and the state of the economy. I now recognize myself for four minutes to give an Opening Statement. Id like to welcome back chairman powell. As i discussed earlier, and at our last hearing with you, i remain very concerned about the president s efforts to interfere with the feds independent Monetary Policy. A recent news story noted that trump has tweeted over 100 times about the fed since your nomination. Many of those tweets appear to be attempting to exercise pressure on the fed. Chairman powell, you and the fed board of governors must not be swayed by these aggressive tactics in upholding the feds independence you should be mindful of public perception. Of course, trump continues to try to claim credit for Economic Growth that was put in motion by the policies of president obama Congressional Democrats and the Federal Reserve, irresponsible tr
Studies. So good afternoon. Im the director and associate fellow of the Americas Program set csis and it is my pleasure to welcome you today. We are very excited to host such a distinguished panel to discuss this topic. Last december, Andres Manuel Lopez Obrador, better known as amlo, took office in mexico. He won the election in july 2018 in a landslide victory on an leftwing platform that promised to among other things promote the respect of human rights, improve the economy, work to end ongoing drug war and address corruption at all levels of government. For many mexicans and was rep centered a paradigm shift from the governance of the past two decades and sees himself as a remedy to ineffective government responses to corruption and violence. Yesterday marks the First Anniversary of his inauguration and during his first year in office amyl has enjoyed a record high approval rating. However in the past year hes also seen challenges on many fronts including mexicos security, economy
Of policies that can identify all of the dimpt types of harms. Underbanked, whether or not you intend to have libra and your weve talked about a number digital wallet registered in today. Each of those countries so that terrorism, child exploitation, there would be regulatory oversight. Because we have found a lot of health missi individuals we have payday health misinformation. Lenders who say were interested in the underbanked we now have more than 35,000 people at the company wo work on o safety and security overall. Were interested in those that are not banked we spend billions of dollars a year on this our budget on safety and security is now greate the compy and those individuals who are supposed to pay more than when we went public in 2012 so a anybody else weve got institutions here, big effort i believe that it should not sit on any one companys shoulders to make so many important minority depository decisions about speech so one of the things that ive institutions and if you
We have a Good Opportunity if we enable more people to participate to offer services that can generate revenue. This is supposed to be a Nonprofit Organization, is in the . Im talking about the calibra wallop which will directly impact facebook. Is it going to be a nonprofit . No, calibra is a forprofit entity and the entity that will dold the wallet that will be offered to facebook consumers. Is Digital Currency illegal in some parts of the world quick skinny touch on that . Gets congressman there are an number of countries that prohibit buying selling or using Digital Currencies. I also want to mention privacy violation concerns things that americans have been concerned with. The american consumer, do they trust facebook and do they feel comfortable with your company . Congressman i believe we have a lot of work to do to earn Peoples Trust and we have two definitely make though strong commitments when it comes to privacy and make good on those commitments for long periods of time. I