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Well, good morning, Senate Armed ServicesCommittee Meets this morning and receives testimony on the department of defenses fiscal year 2008 budget request. We welcome you and thank you for your many years of distinguished service and leadership of our men and women in uniform. Before we begin we all want to acknowledge the service and sacrifice of Sergeant William beas, william balanced ridge. These three soldiers were killed this weekend in afghanistan. The thoughts and prayers of this committee are with their loved ones. The sacrifice of these showers a painful reminder that america is a country at war. We face a stalemate and need an increase in resources if we are to turn the situation around. We ought to defeat isis where u. S. Troops are helping to destroy isis and retain mosul and raqqah. North koreas c ....
I only want to admit individuals into our country that will support our values and love our people. Anyone who endorses violence, hatred or oppression is not welcome in our country and never ever will be. Decades of immigration produced lower wages and higher unemployment for our citizens, especially for africanamerican and latino workers. We immigration system that works, but one that works for the american people. We heard from three parents whose children were killed by illegal immigrants. Marianne mendoza. Sabin and my friend, ja mill shaw. They are just three brave representatives of many thousands who suffered so gravely. Of all my travels in this country, nothing has affected me more, nothing even close, i have to tell you, than the time i have spent with the mothers and fathers to violence spilling across our borders which we can solve. We have to solve this. These families have no special interest to represent. There are no demonstrators to protect them and certainly none to p ....
For the year. Manufacturing is still expanding, just at a slower pace. We are down significantly from where we were in november. New orders, which has the highest correlation is that 57. 3 percent. It is still a good number, but it is not matching up to where we were the previous two months. It will be interesting to see how the markets interpret that. Employment goes up. A sign that may next friday we get some good news on the employment front. Prices, 38. 5 . The disinflationary trend is really in place. Overall, a reasonable picture, just not quite as good as last month. We start the year off on a positive note for manufacturing. This is our read on what percent of the economy . About 15 . This is a very long track record with Economic Growth rate. People like to watch it. The manufacturing jobs trend tend to pay more. The bull market in u. S. Equities is closing in on its 60 year anniversary. Sixth year anniversary. Rbc capit ....
Our statutory authority. Increasingly we are finding ourselves unable to read what we find or unable to open a new device. That is serious. I think encryption is a good thing. I think there are tremendous societal impacts to encryption. Not only lock your cars, but you should encrypt things that are important to you. We have a collision in this country getting closer and closer to a head on, which is our important interest in privacy and our important interest in public safety. The logic of universal encryption is inexorable, that our authority under the fourth amendment, and amendment i think is critical to liberty and the right oversights to obtain information is going to become increasingly irrelevant. As all of our lives become digital, the logic of encryption is all of our lives will be covered by encryption. Terrorists and spies will be in a place that is utterly unavailable to courtordered process. That i think should be very concerning. I think we need to have a conversation ab ....