we are working hard as an industry to remove them, make them water based or food grade safe so you could drink them if you want to. that is probably happening as we speak, it is probably a year or two away before the additives are ready for trial use. >> here is what i don't get with the issues with fracking and people complaining about well water being screwed up by fracking nearby. when people go out and investigate, lot of times they find it is a well integrity issue, a well, fracking was being conducted through had a problem with it that allowed methane to migrate into the drinking water. that can happen with any kind of well that you drill, whether for fracking or just regular oil and gas production. why are we hearing about that particular problem so much with fracking? is there something about the fracking process, perhaps the pressure you are using that makes it difficult to do the well right? >> you make a great point. everything starts the second the bit hits the ground and what you call well bourne integrity. if you have a bad cement job and pump fluid at high pressure, has a

whatever it is to regenerate new growth, it's not going to be economically advantageous for us as an industry to do this. the forest would continue to continue to fall in disrepair, fire hazards happen, the water quality will go down. overregulation is what is stifle wag we're doing as an industry. >> go ahead, mr. owens, please. >> just to follow up, again, on what mr. schwab said, you know, about 30 years ago i was in pierre county with an 8-year-old child, going on a logging road, and i had a piece of ground flagged and my son says, daddy, what are you going -- what's going on? i said, son, i said, we're going to clear-cut this track of timber right here. we were having infestation of bugs, we lost a good many of the pine trees, a lot of them were over 100 years old from old fields that had grown back up into trees. he starts trying, because that's one of the places he liked to hunt he killed his first deere when he was 8 years old. trees are just like people, and i said, we all have a lifetime. and to maintain a healthy forest and to maintain the beauty and the aesthetics and the wildlife

so overregulation is what is stifling what we're doing as an industry. >> go ahead, please. >> just to follow up again on what he said. you know, about 30 years ago, i was perry county with an 8-year-old child and we were going on a logging road and i had a piece of ground flagged and my son says daddy what are you doing to do? what's going on? i said, son, we're going to clear cut this tract of timber right here. we were having an infestation of bugs. we lost a good many of the pine trees, a lot of them were over 100 years old from old fields that had grown back up into trees. so he starts crying because that's one of the places he liked to hunt. he killed his first deer there when he was 8 years old. i said, you know, son, trees are just like people. and i said we all have a lifetime. and to maintain a healthy forest and to maintain the beauty and the esthetics and the wildlife that you want to see, stiles we have to remove some of this. and i've seen it. i've been to alaska and i've seen the beetle outbreaks there. i've been to colorado and i've seen the outbreaks there. and we have

whatever it is to regenerate new growth, it's not going to be economically advantageous for us as an industry to do this so the forests will continue to fall into disrepair, fire hazards will happen, then your water quality will go down. overregulation is what is stifling what we're doing as an industry. >> go ahead, mr. holmes, please. >> just to follow up again on what mr. schwab said. you know, about 30 years ago i was in pierre county with an 8-year-old child and we were going through a logging road. i had a piece of ground flagged. my son says, daddy, what are you going to do -- what's going on? i says, well, son, i said, we're going to clear-cut this -- this track of timber right here. and we were having infestation of bugs. we lost a good many of the pine trees. a lot of them were over 100 years old from old fields that had grown back up into trees. so he starts crying, because that's one of the places he liked to hunt. he killed his first deer there when he was 8 years old. and i said, you know, son, i said, trees are just like people. and i said, we all have a lifetime. and to mainta

discretion when talking about dui offenders and yyu're also eliminating proportiooal response, and so as an industrybviously, we want to see that our laws work, and offender mandates, they don't work. they're too expensiie, people aren't cooplying." debating legislation that encourages states to enact offenders, as weel as research - to put alcohol detection ssstems in all cars. in los angeles, addm housley fox news. the u-s isn't making any prooress... when it comes to that's accordinggto the aths..- gooernors highway safety associatiin... which finds there were 45-hhndred motorcycll deaths in the u-s last year.that's the same as phe year before.according to the repoot... more peopleeare aaso buying mottrcycles as the prices contiiue to rise. an eedeely driver slams her carr.. into a floridd bank. "i think it's a problem with the brake." brake." it happened over the weekend... at a bann of doesn't rrally know how it happened.but somehow... her vehicle hopped the median... and crossed several lanes of traffic before slamming into the building. "oh my god, idon'ttknow what to say. thann god somebody

as well the government insists the tourism industry vile for egypt's economy will bounce back as a political situation stabilizes but that could be just wishful thinking as our sara first now explains. egypt turns an industry with once riding high but recent political turmoil has hit the industry hard and in the new political landscape this talks of bringing in new roles and regulations relating to it and there are serious concerns that that could leave the industry with even less business. everyone in egypt is hoping that the economy will pick up pace and with post economic growth so closely tied to tourism office hope was to meet a woman he could give us a crash cools into exactly what's happening to egypt's economy right now come two thousand and eleven. theoretically we would have continued to grow along the same slow that's what should have happened and then the russians in most countries worldwide when the recession happens this is what happens you have a dip in g.d.p. and then it goes even faster than it was going to go before the concern of having this ended up having something more along the lines of that. with a maybe go at that and maybe grow that set of you decide as whether we manage

as an association, gala is committed to educating our member companies and advancing our industry to alleviate the looming crisis. but we cannot do it all on our own. we will need the close collaboration between translation service companies, technology providers, the biocommunity, government and academia. gala would welcome the opportunity to expand on this testimony and our recommendations in more detail. and we also appreciate the invitations from the previous panel to collaborate with the private sector. and we are definitely open for that. and that conversation -- and thank you for the opportunity to testify, and i'm happy to answer any question that you may have. >> thank you very much, mr. lawless. dr. goodman, will you please proceed with your statement? >> thank you, mr. chairman. it was an honor to receive the call from this committee to present some testimony. it's a privilege to serve as president of the institute of international education on behalf of the department of state and the department of defense. but what really captured my attention for this hearing was partic

it has been described as an industrial vacuum cleaner for sensitive information. >> it searches for filesific content. internet connections and data. it can even turn on the microphone and allowed to listen to what is being said in the room. >> flame is much more complex than the other virus which affected iran's nuclear facilities two years ago and shut down their centrifuges. iran is downplaying the impact of the new malware and claims to have anti virus software that can cope with it. the sophistication of the flame has triggered a storm of speculation. >> it must have been government- sponsored, and its purpose is clearly an espionage. it has been active since august 2010 and specifically targets computers in the middle east. it really represents a new dimension in malware. >> suspicion has fallen on the united states and israel, but there is no hard evidence yet. experts said the programming is so good, it may be impossible to determine its source. >> all right, time now for our latest euro 2012 team check ahead of the soccer championship. >> we're looking at denmark. group d, a toug

financial system, to our communications networks, if somebody decides to take those down, and as an industrial espionage problem against our major competitive industries, and as a privacy problem. there's probably somebody in this room right now whose credit card and social security information is on some estonian gangster's website for sale. there's just so much of it for sale right now. so there are all these issues. and i feel that we need, in the same way that we had to move from just having a couple of aircraft in the u.s. army years ago, we've got to have an air force on this one. that we need to be thinking about really, what's the next step? how should we structure this? it's not enough to just add incrementally, we really need to kind of go game on this. so i'd like your thoughts on that point. i know omb is a bit of a hazard for folks when you're being asked to argue beyond your allocated budget. but i'd at least like to ask you to participate willingly and helpfully and continue to. because i've had good support so far. in trying to work this through. we're trying to get something i

darlene and rick are going to share their examples of how it's helped them, but it's key as an industry in terms of how we can help. let me close by saying i'm so thrilled to be on this panel. i stand in awe of your commitment, dedication, and positive attitude, not to mention the fact you're making mon money. and i have no doubt given the right resources and technologies, you'll continue to provide the foundation for a strong economy. thank you for what you do so well every day, and i hope you're as pleased as i am to work with an organization as wonderful as the sba to help you do even better. thank you so much. [ applause ] >> good morning. can you all hear okay? that buzz is kind of annoying, but want to make sure you can hear well. my name is rick cochran, the president and ceo of medical international corporation. last year i was the sba small business person of the year. [ applause ] thank you. it really was a glorious moment. something for those of you who will be there today and one person obviously will be selected. and it is a great honor. it's a very humbling experience, but

we are as an industry association, we represent the majority of people that actually produce that work that generates $2.1 trillion. i have to think about $2.1 trillion in revenue. and we would really welcome the opportunity to cooperate with the previous panel and this panel because our channels -- we have all the same challenges and at this point, we are not really talking. and so, again, thanks again for the invitation and i'm looking forward to more conversation here after. thank you. >> thank you. dr. goodman? >> thank you, senator. i simply hope that this subcommittee in its exercise of government oversight will continue to focus on the very issues that you have identified since 9/11. the need for our country to be able to speak other languages to operate effectively in the world, the role that academia plays in that, the role that the government plays in that. i hope the spirit of these hearings will very much continue. thank you. >> thank you very much. dr. davidson? >> mr. chairman, i would like to second what allan just said about the importance of these hearings and the way

into government next but that in itself of course is extremely unfair and still like the turn as an industry the entire country right now is in a state of flux and no one's quite sure what's going to happen next. and staying in the region in syria on a beta violence has caused another blow to the shaky cease fire as tough u.n. troops monitor took over the country on monday a series of blasts rocked the city. killing at least nine people and wounding almost a hundred the u.n. warns the ongoing attacks threaten the peace plan and help broker the syrian government blames terrorists for the violence claiming that rebels have recently stepped up your offensive just days ago lebanon intercepted a large shipment of smuggled weapons intended for fighters opposed to the ousted regime they were based political analyst kamel. foreign interference of destabilizing the entire region. the smuggling of weapons from the very one and it's all we know about how these have been funded by syrian live ensued uribe and we know the money is coming from saudi arabia from qatar from other and they're coming through

into government next but that in itself of course is extremely unfair and still like the turn as an industry the entire country right now is in a state of flux and no one's quite sure what's going to happen next. and staying in the region in syria more violence continues to further rock the country shaky cease fire despite the presence of u.n. troops monitors on monday a series of blasts rocked the city killing at least nine people and wounding almost a hundred and warns the ongoing attacks threaten the peace plan and help broker the syrian government blames terrorists for the violence claiming. rebels have recently stepped up their fans just days ago lebanon intercepted a large shipment of smuggled weapons intended for finer as opposed to the acid regime favorite baseball little alice. one interference is destabilizing the entire region. the smuggling weapon hasn't stopped from the day one and it's all we know that's how these been funded by by syrian live ensued uribe and we know the money is coming from saudi arabia and from qatar and from other entities and they're coming through lebanon

the difficulty is, muni often sees it as an industrial area, not a neighborhood. we have to figure out how to make it work as a neighborhood and as a place that can service the light rail vehicles. i have had lots of different jobs. my main job has been doing social work for san francisco state university. i have been a community organizer, a social worker, but i have also been a legislative aide. i worked mostly for community- based organization supporting kids and families, working for labor. i got to see how city hall could be an effective tool to create change. i looked at running in 2007, 2008, and somehow i made it. i have been in politics for so many ways, doing work around central america, supporting people in central america against u.s. imperialism, their right to live, self determination. i did a lot of work on that on campus when i was in college. a bit of work on apartheid when i was in college as well. >> i never got involved in supporting a candidate. i never thought a candidate was someone that i would support. then when tom ammiano ran against wil

into government next but that in itself of course is extremely unfair and still like the turn as an industry the entire country right now is in a state of flux quite sure what's going to happen next. it's twenty minutes past the hour here in moscow and u.s. is promising to help the philippines boost its maritime security just a week after a joint military exercises however this move is china which has a territorial dispute with manila over a group of islands in the south china sea were not home from the new pressure or to lie and says america is using the philippines as a pawn for its own geo political gain. the start of the year we we saw the u.s. announcements of their new defense strategy which is rebalancing towards asia and putting more troops in this region to secure its economic and security interests and that includes placing more u.s. troops here in the philippines and transforming the entire country with the some into some sort of military outpost for the united states troops and i believe that the the projection of power of the projection of military power is aimed toward such riv

into government next but that in itself of course is extremely uncertain still like the turn as an industry the entire country right now is in a state of flux and no one's quite sure what's going to happen next. and you're watching live from moscow when the political wrangling in ukraine puts the euro twenty twelve football championship on the line for me is according to a boy called because of the criminal case against ukraine's former prime minister a report from kiev is just ahead for you also. these people haven't. what it's like to be an ordinary person these are millionaires more you million look you know after the interests of millionaires a multi-millionaire is the british public feeling critically detached from politics because they feel that their representatives are simply not representing them. he's already revealed some of the world's deepest secrets and he's ready to show even more episodes three of julian sanchez show premieres later today right here on r.t. his previous interviews with the head of hezbollah and two opponents of the streams of middle east politics at all cost

and bets about future outcomes that's sort of the nature of the beast when it comes to banking as an industry once you get large international and somewhat risky bets being made in the form of writing loans to consumers to governments and to enterprises there's going to be an effort afoot to try to lay off risk or hedge it or buy products that will vary inversely with the product risk you're taking when you write a loan the question is where do you where do you draw the line between being careful to be careful with your capital and investor capital and where do you begin to speculate in possible future outcomes on your own behalf we don't really know where to draw the line it's a very hotly debated subject jamie diamond was a major voice against harsher regulation in that area and depending on what happens here what we ultimately learn exactly took place which we have not yet in this trade it's going to affect that debate and it's also going to affect the public's and the legislators patience and willingness to allow a large space for a banker him put into making that decision about where to

as an industry, we are readjusting to a new reality. >>> coming up in the program, it's a deal that everybody is talking about and that, of course, is facebook. one institutional investor, james called it a train wreck. we're going to talk facebook next. what did you think about that comment, train wreck? >> it really does. we're going to get you to explain what happened. next up, when we continue our conversation, our exclusive with james gorman with morgan stanley right here live from the trading desk. back in a moment. >>> do we fully understand how they are going to monetize their 900 million users? no. >> the underwriters looked at the price and thought it was too high and their initial reaction is to sell. >> i've never, in 43 years, seen anything like this. >>> welcome back to the trading floor of morgan stanley. we are here talking with chairman and ceo of james gorman. facebook shares closing 5% higher today. it's the biggest single day gain since the stock hit the market. the giant is down 22% since going public on may 18th, closing $24.7 billion in market cap lower since morgan sta

so as an industry obviously we want to see that our laws work and so right now these first offender mandates don't work. they're too expensive. people aren't complying. >> reporter: congress is debating legislation that encourages states to enact interlock laws for first time offenders as well as research to put alcohol detection systems in all cars. in los angeles adam housley, fox news. >>> a very disturbing story coming out of miami this weekend. an officer shot and killed a naked man who was biting the face of another man on a busy downtown street. witnesses say a woman saw two men fighting and flagged down an officer who saw a naked man mauling the other man. the officer ordered the man to back away, but he ignored the demands. >> that confrontation extended to the actual officer. now during this confrontation an officer did discharge his weapon striking one of the individuals and that individual has lost his life right now. >> the other man has been taken to the hospital with critical injuries to his face, no word why the men were fighting. >>> two young americans are linked to a woman

. >> as an industry we are requesting a $25 billion working capital bridge to survive this liquidity crisis. >> you are saying if the money isn't coming these companies are going to have to, they are going to be forced to make the changes that might save their lives. >> that's right. if you write a check, they are going to go out of business. >> detroit needs a turnaround, not a check. do you stand by those words even with the turmoil in the auto industry? >> no question but if you just write a check that you are going to see these companies go outs of business ultimately. >> this is the backbone of manufacturing. we cannot lose this veryy important sector of our economy. >> sounds like desperate times there. >> in the midst of a financial crisis and the recession, allowing the u.s. auto industry to collapse is not a responsible course of action. today, i am announcesing the federal government will grant loans. >> we have no intention of running g.m. we are interested in giving gm an opportunity to make those much needed changes to will let them emerge more strongly and more competit

correspondent doug mckelway reports as an industry grows, another may be in danger. >> 2008 when thenntial candidate barack obama offered this forecast about the most abun dent energy resource. >> if somebody wants to build a co-fired plant, they can. they will be charged sum for the greenhouse gas emitted. >> a spate of epa regulations taken its place. we have new rules, proposed regulations to shut down the coal industry. administration hopes natural gas now abundant through the new technology of fracking will serve as a transitional fuel as the nation progresses to renewables. >> there has been a doubling of solar power in the last few years. real take off in terms of the solar. batteries become even cheaper. >> critics point out that coal generates 42% of the nation's energy. natural gas is 25%. nuclear 19%. wind power scant 3%. natural gas is almost four times more expensive than coal. averaging $5.75 for million btus over a ten-yore period. the price of coal, averages $1.46 for million btus over the same period. >> you can't replace such a low-coast item for a long time item tha

it will not be economically advantageous for us as an industry to do this. we will continue to follow. a fire hazards will happen. then your water quality will go down. overregulation is what is stifling what we're doing as a nation. >> go ahead, please. >> just to follow up, again, you know, about a 30 years ago i was in the county with an eight- year-old child, and my son says, daddy, what is going on? i said, son, we're going to clear-cut this track of timber right here. we had an infestation of bugs. we lost a good many of the pine trees. a lot of them are over 100 years old. so, he starts crying because that's when the places he liked to hunt. he killed his first deer there when he was 8 years old. i said, you know what, son? trees are like people. we all have a lifetime. to maintain a healthy forest and to maintain the beauty and esthetics of the wall life that you want to see, sometimes we have to remove some of this. i have seen it. i have been to alaska and the scene the beetle outbreak there. i have been to colorado and seen the outbreaks there. we

i think we did in some ways wined up letting a lot of people down as an industry, now we have to make up for that. >> it nerms terms of allocating capital, we heard in terms of stress tests, that industry would be able to start paying back shareholders. what are your plans in terms of buy backs and dividends? >> at deutsche bank, as i have said, we are very much in capital accretion mode. we want to be sure we hit our targets in short run. but at this point, it is capital accretion. organic capital accretion. >> organic growth. are there assets that look favorable to you in europe or elsewhere in the world given the trouble and the upset around the banking sector that perhaps are good valuations? >> i think you have to keep an eye on events and feel comfortable to the possibility of extreme event is not very high, to start venturing forth and buying assets on an opportunistic basis. >> while equities look reasonably val i'd, credit spreads look wide given how low the nominal interest rates are. we are constructive in many classes but are we looking to accumulate assets? that's really

. >> we're going to have a bad year as an industry because they're going to go on a big push and your$10-an-hour pizza guys that are now climbing for you because you can't afford otherwise are going to start skipping steps. >> it takes years and years of training to know the safety of your equipment, there's guys out there now that are foremen within months of working, starting a job. that's ludicrous. >> there's no time to season these employees. there's no time to mature them. there's no time to train them. so we have increasingly less- experienced, less-trained, less- capable individuals doing increasingly large projects at increasing pressure and with decreasing compensation. >> smith: and there will always be more workers like michael sulfridge, who was willing to climb towers for $10 an hour and just happy to have a job. >> these young men are willing to please. what ever the foreman tell them, they're going to do it. it's a money business. it's "get the job done, we're going to get a big check." >> if we're not properly maintained or trained, then people will die. and it's only

as an industrial country, it's in a fantastic position.hat we're seeing here is absolutely risk contagion. given up all of its gains this year. brazil might be the place i think is the most outrageous examples of fundamentals versus performance. i think that's something we'll talk about tonight and give people ideas. >> 7:30 p.m. eastern. >> right on. >> we'll catch you then. be sure to catch tonight "trading the globe." all the best places on earth to play your money. an all new episode of the show right here on cnbc. >> all right. up next on "street signs," a cautionary tale for the new facebook millionaires. hear from a man who's been exactly where they are today but threw it all away. him and his unbelievable story and advice after the break. >> and as we head to break, check out a couple friday winners. salesforce.com up about 10% today. the biggest winner on the s&p in fact. and yahoo! every dog has its day. it's up over 5% or about 5%. one of the top gainers on the nasdaq. do stay tuned. ♪ ned. ♪ here we are, me and you ♪ on the roa

services become a smaller share of gdp, as manufacturing does better, as energy does better, as an industryou want to maybe take a few chips off the table. we love tiffany, coach, a whole host of names in that space for quite some time. the warning is very disturbing. so i think maybe you just have to at least certainly take some profits, step away and reconsider, see what's going on, whether or not europe really takes everybody else down in the short run. >> and i would just throw out, you know, as we wrap it up, then you would have a toll brothers, for example, at the high end, right, deliver really good results the other day. so it's very interesting, depending on what segment of luxury you're still talking about. >> absolutely. totally agree. >> good to see you. >> thanks. >> look for you again soon. >>> coming up on the halftime report, don't be fooled by to y today's pop in crude. we're checking the charts to see if a selloff is coming. we'll be right back. sometimes investing opportunities are hard to spot. you have to dig a little. fidelity's etf market tracker shows you the big pic

overregulation is for we stifle us were doing as an industry. >> just a follow up again on my mr.schwab said, you know, about 30 years ago, i was in perry county with an 8-year-old child undergoing on the login road and had an official ground flag and my son said daddy, what are you going to do? what's going on? s.@, were going to clear-cut case track of timber right here. we were having an infestation of we lost a good many of the pine trees. a lot of them were 100 years old and at god back up and they start crying. he killed his first year there when u.s. eight years old. i said fine, trees are justly people. i said we all have a lifetime and to maintain off the forest and to maintain the beauty and the aesthetics and the wildlife as you want to see sometimes we have to remove some of this. and i've seen it. i've been to alaska and i seem to beetle out our experiment into colorado and seen the outbreaks there. then we have god scientific proof, research done that shows this weekend keep the stories removed from under this forest and keep it in a non-of these trees that we have a

you're when talking abouttduii offenders anddyou're also eliminating proportional response, ann so as an industrynt to see that our laws work, and ss righttnow these first offender maadates, they don't worr. ttey're too expensive, people aren't omppying." congress isscuurently debattng legislation that encourages states to enact nterlock laws for firrtttime offenddrs, as weel as research to puttalcohol detection systems in all cars. in los angeles, adam housley fox news. an elderly driver slams her par... into a florida bank. "i think it's a problem with the rake." brake."it happened over tte weekend... at aabank of doesn't really know how it happened.but somehow... her vehicll hopped the mediin... and crossed several lanes of &ptraffic before slamming into the building. "oh my god, i don't know what to say. thankkgod sommbody waan't in there."((bbut like she might of had some kind of medical problem." phe woman who orked in the - office where the s-u-- &pearlier n the day.so luckily... no one was injuree. new technology may soon make it possible... to track your phhld's every move in school. in

. >> today mobile as an industry is 0 p.6%, less than 1% of the entire industry.re today, google making $2 billion a year on sales in mobile. no one expected that to happen when they released the android system just 2.5 years ago. if i look going forward, if i think facebook just gets 15% market share of the mobile opportunity in in three years time and the mobile only gets to 2% of the entire market, that's apaddition of $15 billion. >> you were early investors in facebook. >> we were brought into help place the stock when it was $11 a share. >> so it is in your interests to get a big spike this morning. larry, you're sitting there in new york. everybody deserves to have a few on facebook. so what is yours? >> i'm a child of the internet generation. the one thing i would say is it takes a while for the market hch-for a stock to build in. if you look at amazon, a year and a half after, it was around $5 or even $7 and then as it matured in to its valuation, it reached $240. priceline same thing. mass receive valuation in the '90s. eventually matured to an amazing p

. >>, no he didn't make -- it's one thing not to make but another as an industry, knowing this stuffgoing on, sammy sosa, mark mcgwire and saying -- >> and closing your eyes. >> times are good. >> we're looking the other way, therefore we're giving you permission, is that what you think? >> i mean, if you know this stuff is going on, and there are executives who have said, we kind of knew this was going on and people died because of this stuff, i think is wrong. i don't want anybody to go to pris prison. we don't need any more people in prison but i want to get to the truth. >> you want barry bonds and roger clemens in the hall of fame? >> of course, of course. >> there you go. jack, thank you. >> charlie -- >> but they broke the law, but okay. >> and pete rose, too? >> no, no. pete rose -- >> pete rose, no. barry bonds, yes. >> pete rose knew there was a law. you don't gamble on baseball. he knew that. >> good to see you, bill rhoden. jack ford, always good to see you. i thought that videotape with mike wallace was amazing where he says, absolutely, i square. thank you, guys. >>> a

but in the financial industry, it's clear that if you provide a subsidy to an industry as we have the financial industry in terms of the larger institutions, that is when we passed the act, we allowed these high-risk activities into the safety net, which is a subsidy. it allowed them to, number one, leverage up and to become larger than they otherwise would have because they could take on, number one, greater risk, less capital required to bring their balance sheets, and they did, and those are the kinds of things that contributed to their very rapid growth and very strong drive towards mergers, consolidation, and the effect was concentration in the industry. it is partly the subsidy that is provi provided through the protection of the safety net that contributed to their advantage. you didn't have that same, and i think wisely so, subsidies going into the the other industries. although subsidies is a big issue in the united states i realize for other industries as well. but i think for the financial industry, it was a big factor allowing them to grow and take on greater risk. >> than

and the trucking industry has been dealing with what is known as the transportation worker identification card for approximately five years. that program has been anburden to our industry. and returns very little results in terms of antiterrorism or securing our seaports and other venues. its purpose was to be a single biometric credential that the trucking industry could use to gain access into sensitives and secure areas. it has yet to fulfill that requirement. we still don't have readers in the field, and yet we are looking upon a situation where these cards that were first issued a going to expire shortly. and we will have to go through that economic burden again, and we still don't have readers. so that's a problem for us. in terms of the vipr situation that i'm a comic you in the testimony, in georgia and tennessee, you know, as a taxpayer, is it a good investment to have a second level of inspectors go out just simply to hand out materials to the commercial drivers about how they can communicate what they see, when we already have effective programs, both in our private businesses and as an industry at large? so i think the key from the tru

they're probably speaking as an industry and simply saying, this is an abuse of a service that we offerand she is not the poster child for what tanning should be. >> reporter: for better or worse, krentcil has become synonymous with an overly bronzed glow, inspiring this orange action figure. and getting spoofed on "saturday night live." >> tanning beds should only be used by responsible adults because you may not know this, seth, some people over tan. >> reporter: the owner of city tropics says cent sill tans up to 20 times a month using a high-powered stand-up booth like this one. it's so powerful, the maximum exposure time is just 12 minutes. >> patricia, are you obsessively tanning yourself? >> yes. >> reporter: now the woman who loves to tan may have to get that sun-kissed glow from the sun. now, city tropics, the salon where krentcil was accused of having taken her daughter, has not banned her. the owner says he did ask her to, quote, cool out for a while and that he hasn't seen her here since april 22nd. ann? >> mara, thanks. >>> and now let's get a check of the weather from al.

so we continue to build and invest in 2005 as an industry. he began rolling out a path which is the contact technology we have had an weak work with all of the participants in the chain whether this handset manufacturers, security and chip companies and telcos to make sure there is a safe and secure environment to leverage that technology. so it's an ongoing substantial investment not only in the consumer experience in the environment but the underlying security infrastructure. >> mr. oliver could you talk about the potential upfront costs merchants will be required to accept mobile payments and is there any danger that they make an expensive transaction only to have the payment technology fear often a different direction? >> i'm probably not the best person to answer the question about whether the expense will be to the merchant but i would like to answer a question about the long-run investments. obviously they are confronted with the issue of trying to understand what the endgame is and therefore make wise choices now, and there are very l

we are as an industry association we represent the majority of people that actually produce the work that generates $2.1 trillion. and we would really work on the opportunity to cooperate with the previous camel and this panel because our channel -- we have all of the same challenges coming into this point we are not really talking, so again, things again for the invitation, and i am looking forward to more conversation here after. thank you. >> dr. goodman. >> i simply hope that this subcommittee and its exercise of government oversight will continue to focus on the very issues that you have identified since 9/11. the need for the country to be able to speak of the language is to operate effectively in the world that academia plays in that, the private sector plays and the role the government plays. so i hope the spirit of these hearings will very much continue. thank you. >> thank you very much. >> mr. chairman i would like to second what was said about the importance of these hearings and the way you've been able to focus public attention over time to this very important need insi