Sometimes they are not. Its already confusing to begin with. We need one standard and it ought to be the best interest. I love the one standard. I love the best interest tests. I assume there are a lot of people who are making a lot of money. So ive got to see, this one seems like a nobrainer to me. Hard working americans who manage money for their retirement should be able to trust that their retirement advisers are looking out for them. And besides that the thousands of honest hard working advisers and brokers around this country who already put their clients first every day shouldnt have to compete against those unethical advisers who dont. I understand why were in this fight. I understand there are people who are making money for keeping this game rigged, but we dont work for them. Time to level the playing field. Thank you mr. Secretary. Thank you mr. Chairman. I want to introduce senator kasich who will be brief within thinks five minutes and i think well have enough time to hear
We can get straight to their testimony. First, peter snyder, president of a grnlg company which i visited before. Thank you for being here peter. Peter is the leader of Financial Services providing income Retirement Savings options and insurance to millions of americans. Mr. Sflieder became president and served before that as the executive Vice President for primerica. We welcome you here today. Thank you. We have some scott purit managing contractor of defiance i. R. A. In maryland. He is a retirement director. A masters degree from harvard university. Welcome and thank you for being here. At this time, id like to turn it over to the rank and member frank and introduce ms. Miller. Thank you mr. Chairman. Its my pleasure to introduce Darlene Miller who is joining us today from my home state. Ms. Miller is the president and ceo of Permac Industries in burnsville minnesota, a Manufacturing Company that provides precision small part machines to other industries. Permac was named the u. S.
Seriously considered. Senator mccain has already referenced them. One is i think we have to take a hard look at overhead. The army but not just the army but the military across the board, all of the services to include department of defense are very very Large Organization with a big bureaucracy with a significant overhead. A second is acquisition. As already previously mentioned, theres a considerable amount of cost and in many cases waste in the acquisition process. We need to get that under control. And the third and final piece that i think is worth taking a look at theres a wide variety of emerging technologies that could in the outyears could lend itself to automated processes and reducing either manpower or manpower costs, compensation cost over time. Thats three big areas that would want to lock at if confirmed. We have russia creating a looming threat in europe, we have the pacific and chinas expansion or i should say increased activity there. We have the ongoing war in the mi
Significant numbers actually. So, all of you, thank you. Senator cornyn, i do think and i believe you mentioned it miss mcdonald that the ability to have people in prison begin to work before theyre released has real potential. Maybe mr. Tollman you mentioned it. I do think that can work. My observation over the years of attempts to have education and other kind of characterbuilding programs in prison before theyre released doesnt seem to have much benefit. Do you agree with that, miss mcdonald . Its very hard to find a excuse me. Its hard to find a current or a released prisoner who has not been offered programs galore. They do exist in prisons, but i think work gives a sense of selfesteem and is the best training for reentry that weve got. The risk assessment, the cognitive therapy, thats already being done. And im afraid that the judgment that was reached in the 1970s, which is that its very hard to find a Therapeutic Program that reduces recidivism significantly remains the case, a
Today, president obama will be giving a speech on the criminal Justice System taking place in newark, new jersey. We will have live coverage of his remarks at 4 20 p. M. Eastern on cspan2. The House Veterans Affairs committee will be hearing from speeched Witnesses Today on alleged misuse of the Veterans Affairs Department Program to relocate workers. Live coverage on cspan2. All persons having business before the honorable the Supreme Court of the United States will be admonished to draw near and give their attention. This week on cspans landmark cases, we will discuss the historic case of schenck versus the United States. In 1917, the United States entered world war i, patriotism was high and some forms of criticism of the government were a federal offense. Charles schenck who was general secretary of the philadelphia socialist party handed out and mailed leaflets against the draft. This is the flier that was produced by Charles Schenck in 1917. 15,000 copies of this were produced an