in women-owned small business programs and the service disabled small business programs. this would bring much needed oversight to the certification process and ensure that the s.b.a. is approving appropriate firms and give congress the tools to hold the s.b.a. accountable if necessary. by supporting the small business contracting transparency act, we will not only provide assistance to small businesses and ensure effectiveness in government contracting. i urge my colleagues to vote yes on the small business contracting transparency act and i yield back. the speaker pro tempore: the gentleman from texas reserves. the gentlelady from new york is recognized. ms. velazquez: i yield to the gentlelady from pennsylvania, ms. houlahan. ms. houlahan: thank you, mr. speaker. i rise today to urge my colleagues to vote for my bipartisan and commonsense legislation the small business contracting transparency act which will help level the playingfield for underrepresented entrepreneurs across the country. i thank my republican colleague, mr. stauber and chairman williams and ranking m

businesses, large and small veterans represent just 2.3% of the workforce. but veteran businesses account for an oversized 7.3% of the us private sector economy. this isn't just a statistic. it's a testament to their indomitable spirit and the value they add post service, including the experience and mission insight that they bring to critically needed in the department of defence. however, as secretary of defense austin observed earlier this year in his small business strategy, the participation of small business in the defense industrial base has declined by over 40% in the past decade. and the number of small businesses receiving contract awards has dropped by more than half while the secretary's initiatives to provide new training resources is commendable. his observations reflect a dire need to reform, not small business training. but our approach to acquisitions acquisition professionals need more education to better understand how their decisions, policies and processes, create increasing barriers to success that hurt veteran entrepreneurs and profess

host: if you want to ask our guest about the state of small business on the small business saturday it is (202) 748-8000 four eastern and central and (202) 748-8001 mountain and pacific. if you are a small business owner call (202) 748-8002 or send us a text at (202) 748-8003 . tell us a little bit about the small business for america, how was funded and what you're involved in? guest: we are a nonprofit and one of the things that's really exciting is that we advocate for those small businesses. we have 80,000 members and we pull them and ask questions. when i started years ago and you probably know the late senator henry reed. he got me involved in politics and he said if you're going to be anything advocate for what you care about. i met a guy who was the founder of the group and when they came to the west coast they enlisted me to become part of this wonderful organization that is making sure small businesses have a seat at the table. during 2009, we struggled with having a voice at the table and we did not know what we did not know but with the emergence of small businesses around

small businesses are not. please keep the government open and with it, our lands and waters and our small businesses, high quality outdoor recreation is impossible without access to these amazing places. and our small business community includes some of the country's most committed conservationists, partnering on funding and infrastructure projects, volunteering, educating consers and innovating around sustainability. they know that strong, healthy and sustainable public lands are the backbone of our industry and create strong, healthy and sustainable small businesses. we applaud congress for passing the america great outdoors act and of course, the permanent reauthorization of atlanta water conservation fund. we encourage you to recommit to these places as visitation increases infrastructure, ages and inflation and climate change, impact our investments. besides our lands and waters, the other most important asset to our industry is our people. passionate outdoor enthusiasts are some of those who take the lea

making space for small businesses. can you speak to the need for investment and public land and perks infrastructure and how better funding land management agencies and local community conservation efforts can support outdoor recreation small businesses? ms. turner, maybe you want to go first. >> thank you for all your work on the committee. lake we talked to in order, they saw investment at the lake and the small investment in helping 11% increase, 45 employees so investing in recreation is no longer nice to have, it'sa a nd for these communitiesec. definitely of utmost importance, the agencies are well-funded and restoration legacy fund working while but also other agencies allowing da to use tools recreation, those are traditional economies transitioning to more sustainable economy through recreation and similar tools and recreation should be questioned the two examples your home state of the great salt lake, just as foster biologist, one year away from total ecological so working with other trying to keep this hold

it is not going to work for small business owners. this seems to be an extensive endeavor for community banks to implement. not only with training for staff, but implementation of new software. we are talking, for the people listening right now on c-span, we are talking about going from 15 data points to 81 data points. that is an incredible increase, and what it is really doing is profiling customers. profiling customers who have never been profiled before. not only is it going to take a significant amount of time to profile these customers, asking questions such as sexual orientation, which, remember, banking is -- has been built on being able to look at a project , look at credit scores -- look at debt ratios, and be able to make an analysis apart from profiling customers. now, because of the 1071 rule, they are going to actually have to start implementing and profiling customers. i'm worried about the cost that it will take to comply with the 1071 rule. so i want to know. do you recognize that this rule may result in less of avail

talk about veteran small businesses and. they own and operate a store in my hometown across street from our own business. in daniel beans is where you can purchase a wide range of clothing and outdoor access res, and chris and chelsea are active in helping veterans in community. please tour to see home. this commitment is excited to hear about. we want to continue to glow veteran owned small businesses. thank t you, both for being here.t, we look forward on your testimony, with that i will have you both stand. do you swear under penalty of perjury the testimony you are about to provide is the truth. >> thank you. >> are recognized. >> thank you, chairman. committee members. thank you for this platform to discuss a pivotal role of veterans and veteran entrepreneurship in our nation's economy and security. having served with veterans throughout my own 23 year navy career most of the time spend flying f-14 tomkats and hornets, throughout that time i witnessed first hand veteran's unwaivers tedcasion, they remain in tactct as th

all of this as small businesses in the bay area are ready to welcome shoppers as we wrap up small business saturday. people support local businesses as they check off their holiday list. christie smith has more from pacifica. >> we have an amazing community in pacifica. >> reporter: the royal b company in pacifica was buzzing today. >> we are predominantly a yarn shop, but we also sell a lot of gifts from local makers. and actually today, in addition to our small business saturday sale, we have a makers market in our back garden. >> reporter: small business saturday falls after black friday and is a day on its own, there is plenty to choose from inside and outside, as people got their holiday shopping underway. >> when you shop small, it doesn't just help me, as a local person. it helps the people that supply me with the yarn, all of the makers in the garden. >> reporter: small businesses, artisans, and pop-ups in the neighborhood welcome misses to the event. >> this is a gallery space where we showcase bay area artists. >> reporter: inside the gallery, music set the tone today. >> we have

regional centers, and the remaining 80 events, more than 80 events, took place in the regions, in smallm-sized cities, and there we also tried to get feedback from businesses on their needs, that is, not everything was concentrated on the large cities of our country. at the round table, topical issues were raised, and they really listened to entrepreneurs, to their problems, and entrepreneurs expressed their proposals on how to work in the future not only with problems related to social entrepreneurship, but also in principle, great, pyotr boisovich, what are your impressions, well, i saw it from the outside. and from the inside it’s all, because somewhere as an organizer, somewhere as a speaker, somewhere as just a spectator, and in general not only me, but for everyone it’s in one go and the week is just so busy, one thing after another , and of course, here not only the state heard business, or business heard the state, but business also heard business, these are a lot of issues in the field of industrial cooperation in the field of financial support for entrepreneurship, exchange of

host: if you want to ask our guest about the state of small business on the small business saturday it02) 748-8000 four eastern and central and (202) 748-8001 mountain and pacific. if you are a small business owner call (202) 748-8002 or send us a text at (202) 748-8003 . tell us a little bit about the small business for america, how was funded and what you're involved in? guest: we are a nonprofit and one of the things that's really exciting is that we advocate for those small businesses. we have 80,000 members and we pull them and ask questions. when i started years ago and you probably know the late senator henry reed. he got me involved in politics and he said if you're going to be anything advocate for what you care about. i met a guy who was the founder of the group and when they came to the west coast they enlisted me to become part of this wonderful organization that is making sure small businesses have a seat at the table. during 2009, we struggled with having a voice at the table and we did not know what we did not know but with the emergence of small businesses around the co

does no one understand what else small businesses? >> i believe it is more of a state level esl jobs just relying on legion vfw to help that bso. when we returned to, they sign up for the free hunting license and if you're in a certaindisability they help you sign up for that . it should be an office, it should just be able to walk right into your local warehouse or one of the national guard units where there's someone there that can help you out. there should be a someone to help you transition out. >> and ask someone from your level bso at the scene of an option in the house of bso by . >> unfortunately the vfw had in marion, we're down to a one for the american legion, one by equipment and our state level, she is working re-counties s. >> anger is not only the small business interest to other things bso's provide for your. >> yes, very. >> i want to say thank you for being here today and one other thing to bring up, i wish you had not only because i wanted to bring up that he has a veterans small business and many things like this

small businesses.so pleased to be an early supporter and early partner in small business. saturday back in 2010 when it launched. >> yeah, and you know, with inflation, higher costs of living. what are you predicting this year for small business? saturday >> i'm really predicting that this will be our best small business saturday ever. what we have seen so much, especially through these covid years and coming out of it is community gathering around our small businesses, our brick and mortar businesses, small business saturday was launched, you know, to be a compliment to black friday and cyber monday, but to really help people focus on the importance of that corner retail store, that toy store, that hardware store, that little restaurant, and show that support. because what we found in covid was that when small businesses suffer, our communities suffer. but when we thrive, we are strong. and i'm seeing communities gather more than ever. so we're excited and i think we're going to go through the roof on

real quickly, how can you assert the rule and not having effect on small businesses? >> i think the proposal exempts small business. >> okay, i will look at that. thank you, mr. chairman. >> i will let you know -- >> the gentleman yields back. we will recess to the call of the chair. >> thank you. >> thank you for hanging in there and we will go first to the gentleman from iowa, mr. nunn for five minutes. >> well, thank you, mr. chairman. thank you director for hanging through. it's a marathon today but it's important for all of us to be able to go through this. i wanted to follow up on a number of items that were brought up from local bankers in my community in iowa. many folks that are trying to do the best they can to keep up with ever-changing regulatory environment and puts both economic burden on them as well as challenge to be able to support the customers and the communities that i exist in. some of the words that they have described to me in their dealings with their agency have been that the guidance is unclear. it is not always concise, in fact, sometimes c

we spoke issue for small business. we spoke to the chancellor— issue for small business.e spoke to the chancellor in _ issue for small business. we spoke to the chancellor in advance - issue for small business. we spoke to the chancellor in advance and i issue for small business. we spoke | to the chancellor in advance and our three kings were led business rates, the self—employed and something else, and there are chunky things in each of those. there are loads of small business owners who watch bbc news and almost every single one has been fixed at some point by being paid late, normally by a larger business was inefficient at paying in 30 days. it was carillion that collapsed with 125 days to tip you can imagine doing your work perfectly well, sending in your invoice for not getting paid for three months, and then you are chasing that. it's unproductive and bad news for everything and small businesses go under because they are owed too much cash. to have the chancellor today, full throated attacking the scourge of late payments is a big deal. it means, if you are biddin

consumer which is ultimately not good for small businesses.the pressure of prices and inflation, hopefully that is easing for small business. they might be a little longer to feel any relief on that front but when we look at the decline in the lower levels of those saying they had higher earnings, a pretty significant drop from last month, most of them are saying that lower earnings are a result of higher prices. so that is the biggest factor for those seeing lower earnings. second to that is a lower sales volume. the price pressure is eating into their earnings and causing a lot of problems on that front. >> when we think about the degree of pricing power or not that the small businesses are facing simultaneously with the fact that because inflation has been so high borrowing costs are also high, it does not paint a very good picture in terms of capital investment and expenditures. holly: in the last survey we saw an increase in the number of those that said that interest rates and financing were their single most important problem. still it

isabel, how can we find these new and small businesses today to shop it on small business saturday?lly has been a historic small business boom. 65% higher than any period in history. it is really an accomplishment. it shows confidence and optimism to see these types of entrepreneurial leaps here in the country. the small businesses that started up around the country visited with a new roofing company in cincinnati, a new ice cream company now in illinois. a new cafÉ down in new orleans. there are so many main street businesses as well as different brands and products being rolled out across the country. as well as our established businesses. getting out there, supporting your local businesses on main street, shopping small, dining small, as well as promoting them on social media. more and more our small media -- have adapted digital technology including e-commerce sites and making sure that you are supporting those businesses in all ways to get them promoted and resilient. >> the biden administration is doing its part. the rest of us need to do hours. on small business saturday, isa

for a lot of small businesses. out the government, sort of the regulatory thrust right now and the threat that is to small business. labor, access to capital. all of the things that are pain points right now could get much worse. charles: i hope not. great stuff, karen, appreciate it. >> thank you. charles: my next guest says strong productivity numbers this morning only reinforce her excitement over technology. vulcan capital partners, founder, cio kim forrest. kim, or should i say tech girl? connect the dots with this excitement that you have over productivity, the productivity numbers we saw today and your love for these tech stocks? >> sure. well, as i have always said, for the 24 years i've been in this business, productivity really never goes out of style and so investing in technology should never really go out of style either. the easiest way to get in on that is to buy semiconducts because they're the thing which technology is delivered. as your prior guest point the out, a lot of businesses are looking to

on our office of small business.he's remote, so we wanted to talk just a little bit about what we are hearing from that work working directly with businesses and just like ted went through the difficulty of identifying business closures directly. right. and that we have to do it through a little bit of anthropological work on sales data. we don't have direct data on why businesses are closing either. where can we bring up the next the slide, next slide? but but we do talk to them and the things that we hear first on the retail front right there has been a changing retail landscape for some time. retail was already changing prior to covid. how people get their their goods that are not daily needs and not immediate needs. certainly has changed with the advent of online retail and experim mental retail was a thing popping up even then. do people want to come to shop for their needs or for experience? we saw a real dramatic shift with that during covid and i think that really hastened some of the changes we were going to

and it's small business saturday. how and where you can shop and support local this holiday season. >> from the area's local news station, you're watching the kron. 4 morning news at 7. >> good morning. thank you so much for joining us here on the kron. 4 morning news. i'm stephanie lin and it is saturday november the 25th. let's get you started with a look at the weather. >> hey, good morning, stephanie. good morning, everybody. off to a chilly start. we are even some frosty conditions to be had. that's why they've posted the frost advisory in expect these temperatures to kind of repeat themselves again tomorrow. that means we're talking about some 30's picking up in the north bay valleys. but we'll only warm up to the 60's to for an afternoon high, which in some ways for drier, not bad in the winter months are talking a 30 degree difference here, but still be bit on the cool side with breezy conditions as well. here's a look at half moon bay as the sun just starts to join us a little bit. little color is a left in t

there are 263,000 individual entrepreneurs in russia, the number is not small, but the same cannot beheir the share is only 2.6%. more business, more responsibility, more taxes. the smartest ones begin to cheat and split up the business, it seems that everything is according to the law, and there are good savings on taxes. there must be order in a business family, the head of state drew attention to this. and it turns out that a colossal offshore has been created, where people do not pay anything, but at the same time all are individual entrepreneurs, so that it does not turn out that there are more businessmen than the population in the country, while the requirement of the first is in no case to stifle people’s initiative, it is logical that the state will create conditions for those business entities that make a greater contribution to the country’s economy, for example, one employee of a small medium-sized organization contributes up to 12,000 rubles to the budget, and an individual entrepreneur only 3,000, that’s why... it is important for the state to scale the business, to put

sometimes you feel so small. but this is one of those things that shows, if we are willing to speak up, we actually can make a difference. she has since sold her business and is now working with other investors to open the first black-owned bank in iowa with the goal of being certified and offering small business loans in a more equitable manner than she was served. director chopra, do you think they should ignore entrepreneurs like miss young and vote to ban the small business transparency role? who wins and who loses if the small lending market continues to be opaque? >> i think the pandemic showed how important small business was in our economy. so many entrepreneurs who struggles to get loans. i think a key way to make sure we have a small business loan market free of discriminatory practices, it's so important. we have done this in mortgage. and i think congress, as we told the cfpb, let's do this in small businesses. >> director chopra, would you briefly discuss how the final rule minimizes the impact on co

for the sixth time, in the conditions of a great war, indeed now the european union is helping our small and medium-sized businesses to integrate into the single eu market, to receive non-refundable money, grants, loans, and important consultations. well , let's listen to the greetings on the occasion of the european entrepreneurship week from katarina maternova, the eu ambassador to ukraine. from in the first days of full-scale russian aggression, we reoriented our assistance to provide immediate support to those businesses that decided to stay, as well as those that were forced to relocate, those that are close to the front line, as well as those that help... laid off territories to live a new life. ukraine's economy continues to work under the onslaught of full-scale armed aggression, onslaught from russia, while also preparing for accession to the eu. support is really interesting and important now, because in fact in in the european union, small and medium-sized businesses, micro-businesses are the driving force of the economy, but it is interesting how in small cities, in small vil

>> it is the small prevayiers. well today, it's not a small number. but today, we'll send them out somewhere and it is a small number at 300,000 to 400,000 notices of the takedowns as we represent the 1,200 customers. senting in almost 4h,000 notices. >> you have 1,200 customers? >> correct. >> how many customers do you have, mr. lamar? >> about 350 representing the famous brands. >> you're one small segment of every industry that will sell online? >> and the shop safeco ligament if you can make it, you can counterfeit it. and it represents all sectors of the economy. >> and mr. shapiro, any general observation about whether the scale online is increasing, stable, or decreasing to the point that my colleague made. how do we bend that curve? and without killing what is one of the most popular and efficient. i mean if it weren't for amazon, then by household would cease to function and with them every day and discourages more products. >> i'll make them count. >> and yes, it is growing. i mentioned in my testimony that year over year, our counterfeits h

businesses into small lenders and you know i am a small business person. the past six months i have been hearing from small community bankersth in my district and across the country on how unprepared and terrified they are about the cfpb section 1071. the small business rules the lenders are concerned that the complicated reports that add to the data fields would increase compliance costs. ultimately forcing them to past bees down to the customer. furthermore, small lenders towardsse a standardized small business loan brought the relationship which all are familiar with and have grown up with and this overly burdensome rule would make it harder for small businesses to access the capital they need. i've been working with members of this committee and the senate to push back against the rules ruleand i'm glad to say that tha is coming to the floor for the vote this week. it's critical we pass this bill to overturn the rules without the overreach so this will be an easy yes or no answer. if congress is elected by the american public and you are an appointed b

it's probably small caps over large.ely, if we're going into a period where maybe inflation is coming down for the wrong reasons, look, small caps probably go down in that scenario, but i think you're going to see megacap tech where everyone has been crowding, you'll see that catch down in either scenario, the spread makes sense. it's a matter of which direction we're going. as you get into the end of the year, there are seasonal aspects. momentum the, you know, on the side of the bulls here for tech for sure but i think as you get into early next year, again, you talked about it with your previous guest, that once the calendar turns, there's often some pretty significant, sizable momentum rotations i think, you know, that might be the case here for this year as well >> i just don't know why there would be a rotation from megacap tech into these other areas, and why, if you believe in the soft-landing story and inflation coming down, the rotation would come from outside the market in from, you know, what's been happening

very small. just a to remain very small. very small. just a tiny — to remain very small.t a tiny fraction _ to remain very small. very small. just a tiny fraction of— to remain very small. very small. just a tiny fraction of gas - to remain very small. very small. just a tiny fraction of gas plasma l just a tiny fraction of gas plasma population of 2.2 million people. the egyptians had said they were going to try and get round about 500 people with foreign passport site today. they got quite close to that yesterday. the numbers seem considerably less today, although we do know some american passport holders and a few brits have managed to get sites. but there are over 7,000 people with foreign passports in gaza, so it is going to take a considerable amount of time. this morning another list was published. many, many people were disappointed when there were scrolling through the list. different governments around the world are putting pressure on egypt and israel to prioritise their people and getting them out, but you cant get everyone out at once. them out, but you cant

let's talk to the small cap fund portfolio manager.were at the death of small cap equities over to you, please. >> yeah, i would say it's the exact opposite i always like that yogi berra quote that says nobody goes there anymore, it's too crowded. when you think about small caps, it's the opposite. nobody is there and that's probably where you should be looking. we've had absolute historic underperformance of small caps versus large caps since before covid. if you look at since january 2020, the s&p 500 is up about 40%. the ebitda of all the constituents in the index is up about 30%. if you look at the russell 2000 since 2020, it's only up about 5%, but the underlying profitability of these companies is actually up 40% but if you look, 50% of all small cap stocks right now are down more than 40% since the market peak in november of 2021. we have never seen that before in history 30% of all small caps are trading below book value, all-time high. almost half of small caps actually have net cash if you look at their balance sheets, their

where do youind small cap value? the overwhelming majority of the small cap index is health care. 2023?has health care done in health care in 2023 has underperformed. what did health care do in 2022? >> value stocks like a lot of cyclical names are going to do much better than a stronge economic environment. the only reason they haven't is we've been worried about a recession for the past 12 months. >> wait a second. so cyclical only means it's value? cyclical can't mean it's growth as well? is oober cyclical? >> we're talking small and midcap and more cyclical stocks in nature that traditionally do better when the economy does better. they're the first to go in the tank when there's worries about the economy and the first to come out when the economy does better. >> what does better, when the economy begins to accelerate from an environment like we've experienced the last two years is the russell 2000. 42% of the russell 2000 is unprofitable, so the opportunity for unprofitable businesses, for companies that are hyp

data also shows 61% of shoppers overall prefer for small business. saturday compared to the 56% of black friday shoppers. last year. americans spent nearly $18 billion on small businesses. on the last saturday of november. and now that black friday is over, plenty of us are waiting on cyber monday for more holiday sales. adobe analytics predicts that $12 billion in revenue on monday, so-called cyber week is expected to rake in more than $37 billion in sales. that's more than 5% increase compared to last year. the national retail federation anticipates that holiday spending will reach record levels through the next month. and this was the scene in union square yesterday in san francisco, which was bustling with black friday shoppers. it is a promising sign that city officials and law enforcement have been working towards. san francisco recently received $79 million in grant money to combat retail theft and 15 million more for police patrols. the change is visible. we saw sfpd officers on nearly every street corner, and businesses say that they are see

i am concerned about small businesses because what it is a small business state. they have to have access to capital. these roles don't affect any banks in montana but they do affect the big guys that affect montana, okay? if you look at our system, a it has worked incredibly well. especially when you compare it to what folks in other countries have access to. i do have some concerns about the changes. and how its impact will be on workers and households and small businesses, overall vibrancy of our markets. the question is, how are you guys come and i am talking barr and gruenberg, how are you in evaluating the impact of the consumers? >> thank you very much, a senator tester. we share your same concerns. we want a baking system that works for households or small businesses around the country that are really the lifeblood of their communities. the way we analyze this role, we do not believe this will have significant negative effects on small businesses. the credit provisions are quite similar to existing binding provisions. and we welcome comments where we can i

businesses, 7 million people are also involved there, which by the way is infinitely small, that is,ality, well, the fact is that both small businesses and the self-employed are potential resources, i i’m talking about where to look, after all, we have the answer to the question of where to find, we can’t bring in so many, moreover, the migrants we bring in, they don’t meet the qualifications, no one can count, and then how can we decide task, if everything is not defined, well, because the government is just doing this, now there is large-scale planning of the answer to the question, how much and what do we need in industry, and if we say that we need to create cars, planes, ships, build, but this will be the answer to the question of how much we need enterprises, how many people, but the soviet country solved this problem not by destroying cooperatives, but by bringing in hundreds of thousands from america, and solved this problem well, perhaps it is possible to start, but today we are saying that there is potential when we are talking to you about what needs to be done, we need to

cap growth small cap value, also. and the quality, it is more expensive but way higher quality. more free cash flow. higher margins than the group of small cap quality. so when i adjust, for the gross profit, it doesn't look like small caps are that attractive on the valuation front, it is not near as the 1999 trough that she mentioned. but i think the point she mentioned, the rate sensitivity, and earnings trajectory, and margin profile, et cetera. i think you own small caps when you're way more nervous and you really have to pinch your nose and we're not at nose pinching time right now. >> when do we break the cash is better, bonds are better, or at least a reasonable alternative, as good alternative? when does that break as rates need to come down >> yeah, probably just the front end of the curve has to come down so you can't say all right, the two-year yield - >> cheap, right, equity? -- >> that's part of the equity, demand for the two year and you can say all right, now all of a sudden, there are real karngs lot

sometimes you feel so small. but this is one of those things that shows, if we are willing to speak up, we actually can make a difference. she has since sold her business and is now working with other investors to open the first black-owned bank in iowa with the goal of being certified and offering small business loans in a more equitable manner than she was served. director chopra, do you think they should ignore entrepreneurs like miss young and vote to ban the small business transparency role? who wins and who loses if the small lending market continues to be opaque? >> i think the pandemic showed how important small business was in our economy. so many entrepreneurs who struggles to get loans. i think a key way to make sure we have a small business loan market free of discriminatory practices, it's so important. we have done this in mortgage. and i think congress, as we told the cfpb, let's do this in small businesses. >> director chopra, would you briefly discuss how the final rule minimizes the impact on co

at first these were old photos with a small description, then more.phed it and posted a short article on the website. the audience joined in so quickly that we had to add a forum button to speed things up. so, in a short time from a site selling flash drives and computer mice have grown into a real city information portal. konestvo. we drove around, we ran into a village where there is a library, it’s like the tatars, we take away all the information , we re-photograph it, then we turn it all into a good description of the village, interesting, enticing, less boring facts, more of that, something really unique with modern photographs, everything, such beauty, it went, it went. the most successful idea was to compare modern and old photographs of kamenets, it was necessary, recalls andrey the person 100 to go around, but the jackpot was heavy, they found about a thousand old photographs. the simplest photo later turned out to be super popular, there are many tumen residents, especially believers, when i saw the church, this is our white stone church, a

is also increasing, today even in the mogilev region it is possible to give dozens of examples of small medium-sized companies that are already supplying products to large enterprises not only of the republic of belarus, but also of the russian federation. and once again i would like to give an example of our forum on industrial cooperation between the two countries, which we held in mogilev on 25-27. october, here we essentially also presented together with the ministry of industry of the republic belarus of our large manufacturers and gave them the opportunity to directly communicate in the form of b2b negotiations with representatives of large and small medium-sized businesses, and we see that this received a lively response, and interest in such work will only continue, it is beneficial for entrepreneurs, they are interested in cooperation. with large enterprises, or on the contrary , it may scare them, pushes them away responsibly, i think that they are interested, yes, of course, since now belarusian entrepreneurs are faced with an unprecedented challenge, these are sanctions, our

fight for small business. they are the most important thing in our community. >> important work, to be certain. small business saturday, tomorrow. elizabeth gore, thank you so much for joining us. >> thank you. >> rev, i want to get your reaction. we are just a few moments away from the first hostages being released in gaza. >> i think it's a very positive moment. from day one i said i wanted to see all of the hostages released. many of us in the faith community, civil rights community, said we we denounce civilians being killed on both sides. i'm against the hard line of hamas and the hard line of netanyahu. i think we need to come together where innocent civilians are not killed, people attacked in gaza and in israel on october 7th and all of the hostages released. it's a good first step, but we need to go further until all the hostages are released and we work out a two-state solution. >>> still ahead, any moment now hamas is expected to begin releasing hostages as part of a deal with israel for a humanitar

. >> shop local and small all year long. that is really critical. >> claudia owns your basic bird, selling everything birds related and she even does bird food, to entice shoppers she and others are offering discounts of up to 25% off. >> any money spent at a local business goes into the community. back into the city. >> john says one more benefit. >> they can help to design it and they can have input as it is made. that's important to a lot of people. >> for a lot of small businesses, they depend on a strong holiday shopping season to carry them through the slower months of january and february. >>> black business owners in oakland are helping people use holiday shopping to invest in the black community. dozens of vendors came together downtown for the annual blackout market. >> you can buy from a small business owner. they are making the products with their hands. teams are creating this with love and intention. they are the folks employing the community and that are creating opportunities. >> vendors are selling things li

but like to agree there's nothing too small an entity. lots of ways of sharing systems a small piggybacking on the infrastructure of a much larger operator. it does not make sense to board up the front door so you leave the side doorea open. you have to consider it as a threat and ensure all aspects perform the cybersecurity hygiene thanks. >> we started to touch on this so let's talk about maybe the potential magnitude of impacts that may happen in the magnitude of harm and the difference. i think everyone touched on it. you could be a small one person operation impacts can be cascading. if you'd the vulnerability you are only as strong as that. if we open it up in the potential magnitude the difference of two and a small provider and a big provider and do you see any difference? wade? >> sure. i think we have talked pretty well but on the eif side we are much more dependent and in manya cases very small entities. you look at some of the way eas is distributed on the audio side and there could be a dependence of a very large portion of t

you government could pursue to tackle the small boats issue.— the small boats issue.alking with — the small boats issue. you are talking with your— the small boats issue. you are talking with your chair- the small boats issue. you are talking with your chair of - the small boats issue. you are talking with your chair of the l the small boats issue. you are - talking with your chair of the home affairs select committee now, but let's talk to you as an labour mp. —— you are talking as chair. let's talk to you as an labour mp. -- you are talking as chair.- let's talk to you as an labour mp. -- you are talking as chair. what is labour's approach? _ -- you are talking as chair. what is labour's approach? yvette - -- you are talking as chair. what is labour's approach? yvette cooperl -- you are talking as chair. what is i labour's approach? yvette cooper has set out clearly what labour would do, range of things from improving cross—border policing involvement, going after the people smugglers. taking action with our european colleagues to enter into arrangements.- colleague

said small caps. what's yours >> i would agree this is one thing we noticed going into year end that could surprise us. the positioning is just so bearish. when you look at overall positioning within small caps, it hasn't caught -- >> but the russell -- >> fair enough recently, it has on a relative basis, the one area of the market that's still down on the year when you look at what could continue, i think small and midcap and finding profitable areas of that is an area where you see extension. an area like midcap, you have industrials that are making up close to 20% of the midcap index. thinking about spending on infrastructure, a lot of the trends more broadly, you'll look at earnings and fundamentals again as opposed to the macro backdrop as to rates being in the driver's seat. >> what about energy we've been on this pretty big losing streak in terms of where crude is, and energy hasn't done anything this year what about now >> it was the consensus overweight going into this year. we've seen big ou