Writers festival. This is 45 minutes. Please welcome tim harford. [applause]. Thank you very much everyone. Host i dont believe in long preambles but i thought i should say a few words. I am well aware the many of you have no idea who i am printed as a thank you for showing up on the spirits of pure curiosity. It speaks very well of you. Even though its a really big name for the festival. I feel very honored to be amongst them. So who am i, few things. Already called the undercover columnist for the Financial Times. It is really good. I recommend it printed thank you sir. [laughter]. The second thing is im with radio. I chauffeur the media world service, fifty inventions that shaped the modern economy. And how we think about numbers and how numbers sometimes lead us astray. They help us understand the world. And i also have a podcast with a gentleman called Michael Lewis and malcolm. Read Cautionary Tales force all about things going wrong and sometimes in amusing ways. And what we can
Different amendments. One is basically a repeal of obama cared and the other one would be to add an extension of the Export Import Bank which expired at the end of june. These are not amendments obviously that have a lot to do with the transportation bill itself but their amendments to the bill and then they will go back to the actual highway bill which i see you explain expire the authorization for highway funding expires after this friday. There is a lot of pressure this week. Host what is a price tag on the bill . Guest the real issue here in congress right now is the bills have two very different bills in each chamber. The senates plan is a threeyear plan so it is an ambitious plan that looks at funding highways. The house plan is much less ambitious plan. It is only 8. 1 billion it goes through december 18 of this year and that is going to be the real issue. The senate will send over to the house if they pass their bill a much bigger plan. The house authorities said they dont want
Valley. We have concerns of slick spots on roadways because even through new jersey, suburbs, we did see temperatures in the upper 20s meaning were below freezing, weve got moisture remnant from yesterday when rain fell in some parts of our area. Not a major icing concern this morning, but there may be a few spots where you dont realize what looks wet is actually ice. Overall the clouds are cleared and were talking sunny conditions. And that holds tight for todays forecast. Sunny to mostly sunny the theme for today. And the temperatures start to pick up, as well. We go from the low 30s currently to mid30s by 10 00 a. M. And by the afternoon, were getting into the low to mid40s for forecast highs. That will fall off again and we will be chilly overnight. But we are tracking the warming trend that really lasts several days. Well get a closer look at that coming up. Now to that breaking news out of West Philadelphia will police are looking for a gunman who shot a cab driver 13 times while
Morning. We look at traffic and weather together. But first youre up. Fantastic, everyone having a good time, headed to the beaches, water temperatures a little cool for our tastes in florida but daytime temperatures certainly very comfortable. In fact were going to be in the 80s the next few days so perhaps a little more uncomfortable as the humidity comes up as well. Low 60s to mid60s now. I think well be in the mid80s by the time we get into tomorrow, lets not get ahead of ourselves. This is the 24hour temperature change. Running from 5 to 11 degrees warmer than this time yesterday with that southeast wind that is going to moderate our temperatures. Not only at night but also during the day. Temperatures now in the 50s and 60s. Brooksville, there at 49. The one spot a little cooler than the rest of us but by lunchtime were going to warm up to the mid70s and were not stopping there. The commute forecast 80 degrees. Lets check the morning commute on the roads. Its been a little busy t
Impact on overthecounter derivatives. Earlier testimony for managing directors of Goldman Sachs and barclays as well as other financial institutions. This is an hour 20 minutes. Panel greetings. What youre getting your papers, et cetera organized in front of you, i welcome the second panel. A couple first housekeeping items. Nsn members here have been to testify before others have not. As a reminder before that it had been, or complete statement will be made part of the record. You will be recognized for five minutes for your statement right now so sometimes we seek to capitalize your statement and right in front of you is that clark bair. Goes down to five minutes in the final time. Also, i saw all that you sitting there with the first panel. We understood from the first panel everything is going well. We are going to move quickly through the process and of harmonization not only run the world, but accurate thomas of abuse in the second panel will tell us the exact same thing that its