Hearing on Online Platforms and market power focussing on the free and Diverse Press. I recognize myself for an opening statement. In recent years, there has been a cascade of competition problems on the internet. Concentration has pushed local journalism to the verge of extincti extinction. The combination of predatory acquisitions and high Network Effects and switching costs undermine entrepreneurship and startup rates. The sheer dominance has resulted in less products leaving people without a competitive alternative of services. In response to these trends, the committee announced we would conduct a bipartisan investigation into competition in the Online Market place. The purpose stoof document anticompetitive conduct online and sense whether our competition system and current enforcement levels are adequate to address the problems. We will conduct a top to bottom review to a series of hearings, request information relevant to the information and engage in a series of discussions. T
Silenced or turned off. For those watching online, youre welcome to send questions or comments anytime, emailing speaker at heritage. Org. Leading our conversation this afternoon is david burton, our senior fellow for Economic Policy and heritages institute for economic freedom. Mr. Burton before joining heritage served as general counsel at the National Small business association, also been chief Financial Officer and general counsel of the alliance for retirement prosperity, and was a partner at the argus group, a Public Policy and Government Relations firm. Please join me in welcoming david burton. David. [ applause ] well, thank you for coming. It is my pleasure to introduce to you commissioner michael piwowar. He was appointed to the securities and Exchange Commission by president obama and was sworn in in august of 2013. He was designated by trump to be acting chairman of the commission and served in that capacity from january 23rd of this year to may 4th. His term expires in jun
Morning. Let us get straight to the markets. We have equity markets around the world under pressure. The shanghai composite is lower this morning. Going for the worst rate we have seen in china since the slump of last year. The biggest twoday loss since last year. Is view from the market critical levels, that would be a 50 retracement from that magical high that we saw two years ago. China stocks headed for the biggest twodate loss, margin traders have cut for the 18th straight day. They are getting out of this market. Back to give you a basis. Let us get to the recording season. It is really kicking in. Let us deal with santander, spains biggest bank. In terms of capital, that is the critical issue for the marketplace. Core equity fully loaded, 10. 05 . The mention is to raise the capital level quite aggressively to match her peers in the marketplace for 2015. They made a profit, a net profit of 6 billion euros. That is the santander capital position. That is the santander net profit
More newcomers came here so they knew they werent going to have that but they kept asking for a reserved area that would be theirs where they could live in peace. Thats where the term reservation comes from. Its a reserved area of their own land where they could live in safety and that is what he was hoping for and what he worked for and did not come about anything chief lefthand was published by the university of Oklahoma Press in 1981. It has never gone out of print. I think its time is gone by and more and more people have gotten interested in lefthand wanting to know about his life what happened to him that is just driven the interest in my book. So when i wrote the book i became obsessed with this topic. I wanted to know who these people were who had lived on the plains before my family came out here and im a fourthgeneration colorado so i wanted to know who were the people that were here before and how did they lift and what became of them . Then i found chief lefthand was fluent
Technology that has u. S. Transportation officials and cars talking. For five full days, 300,000 people in West Virginia went without water after that toxic Chemical Spill. Now Congress Wants to know just how that managed to happen, and the senate has called all parties to washington. Robert ray is where it all started. What is the latest . Reporter the latest is big meeting on capitol hill this morning that started at 10 00. We are about two hours in. Its the Senate Committee on environment and public works, they have got a lot of questions that they have for West Virginia officials and scientists. But lets get right to some sound. We have the secretary of state natalie tenant who said this about an hour ago. One day were hold that the water is safe, the next day we hear that pregnant women should not drink it. It doesnt add up. Quite frankly people are fed up, they are angry, and thigh are scared. I have families telling me that they are melting snow just to be able to give their chi