services committee, congressman adam smith, i appreciate your candor this afternoon and we hope that you'll come back and join us any time. >> happy to, thank you for the chance. >> thank you, sir. >>> we are following breaking news out of ethiopia. the government there says its security forces shot at and detained u.n. staffers trying to reach part of the country's embattled tigray region saying the staffers broke checkpoints and have since been released. nbc news reached out to the united nations for comment on that. a u.n. spokesperson told reuters "these are alarming reports and we are engaging at the highest level with the federal government to express our concern and avoid incidents in the future." a humanitarian crisis erupted there after fighting broke out between ethiopian government forces and the tigray people's liberation front in early november. since thousands are feared dead or fled to neighboring sudan. molly hunter and the network social news gathering team are learning more about what amnesty

armed services committee, congress am adam smith. thank you very much for joining us. we have lots to discuss, including the stimulus package talks. let me get your reaction to this new reporting you just heard from jeremy that there was actually, hard to believe, an oval office discussion that included talk of invoking martial law to try to overturn the will of the american people in this election, what is your reaction when you hear that? >> it is unbelievably disturbing, that the president is -- he is talking about basically leading a coup against the united states government and destroying our constitution. and with all due respect to michael flynn, we have never had martial law to impose an election result that would essentially shred the constitution and end our republic as we know it. there needs to be strong bipartisan pushback against this. it is an unbelievably dangerous thing for the president to be talking about. and it's shocking. it all makes us know, getting to

our leader, mister hoyer will talk about scheduling the event but i want to reference what adam smith and max foreign barry said, among the provisions we are most proud of, we join them in this the authorization of hazardous duty pay for men and women put members in hars way, improvements to military housing and programs for military families, special needs, efficient to national security. authorizing $8.4 of military construction process to fortify critical infrastructure, base realignment and kosher cleanup, very essential. to deter china and russia, to make the pentagon more efficient and cost effective. on artificial intelligence and cybersecurity and provisions that strengthen our alliance with israel. i especially want acknowledge how pleased we are with the leadership of a member of the committee, a veteran of our veterans services, a decorated member, thony brown, provide long-term process of changing the names of military bases purposefully, purposefully named for white supremacy. how could that have been? they just decided to name t bases, i am so happy personally. i have fo

i want to salute our chairman, adam smith, and mr. thornberry, the ranking member, for the great bipartisan legislation they put together. it's -- this is the national security, the oath where you take to protect and defend our constitution, our country. i'm very, very proud of the work that went into it and now will come to the floor next week. our leader, mr. hoyer, will be talking about the schedule. i want to reference some of what adam smith and mac thornberry said about the bill. in their statement on the conference report, among the provisions we are most proud of, and we join them in this, the authorization of hazardous duty pay for our service men and women in harm's way, improvements to military housing, improvements to families with special needs, the quality of life for our military families is very essential to our national security. addressing the shortage of military childcare. authorizing $8.4 billion in military construction projects to fortify critical infrastructure and base closure cleanup. very essential. importan

it is a result of mac thornberry and adam smith. their work to make sure we do put america first. contrary to the prior speaker, before we began to debate this bill we heard accusations this did not put america first. this puts america first. what's essential about this is our adversaries are gaining on our capabilities. they are investing in modernization, they are investing in capabilities that will threaten our ability to ensure our safety and liberty. this bill is about america first. aid like to highlight a few key issues in this bill. first the conference report fully authorizes the amendment, administration's budget request for the national nuclear security administration. these funds are critical to ensuring our nuclear weapons enterprise remains safe, secure, and effective. we put off needed investment for too long. there is no longer any margin of error or delay. now the n.s.a. must transform from a culture of sustainment and maintenance to a culture of development and manufacturing to meet the nuclear safety environment of the future. second, i'm pleased that the confer

in the crucial point from adam smith. a more extensive navigation, the chinese would naturally learn the art of using and constructing themselves of all of the different machines making seven other countries as well as the other improvements of our industry which affects all the different parts of the world. now smith was right on that as well. he was also early. 200 years too early. so when xi jinping opens during the 1978, even more when china during the wto in 2001, these two powerful drivers came together in china had enormous scale in the capacity to learn from our current technology for the sleep of these two things together, and extraordinary engine of hope for the question then becomes as the engine picked up speed. i think the answer to that is no. and the reason i think that is because the comparison between china and japan, let's think about when japan's economy fell over in 1989 rated japan's gdp per capita in 1989 and already caught up to the levels in the united states. japan's already on the frontier of wha

chairman of the house armed services committee, congressman adam smith joins me next with his reaction to biden's reported choice, first here on msnbc. >>> plus a deadly power struggle and fears of a guerrilla struggle insurgent in ethiopia. molly hunter and the news gathering team brings us the shocking images what have amnesty international is calling a massacre there. we'll be right back. how much you want for her? she's not for sale. if they find you, they kill you. jump! johanna! it's hard finding your way home. you can't have her. and i'm taking her home. find a stock basedtech. on your interests or what's trending. get real-time insights in your customized view of the market. it's smarter trading technology for smarter trading decisions. fidelity. helafter the yearya knwe just had,? the usual gifts are just not going to cut it. so we have to find something else. good luck! what does that mean? we are doomed. (laughter) that's it. i figured it out! we're going to give togetherness. that sounds dumb. no, santa, we're going to take all those family moments that make the holidays an

yesterday, the chair and ranking member of the armed services committee adam smith and mack thornberry released a statement that said, part of which, for 59 straight years, ndaa has passed because members of congress and presidents of both parties have set aside their own policy objectives and partisan preferences and put the needs of our military personnel and american security first. the time has come to do that again. given that it's the very end of the congress, is this late in the date for this bill typically to pass? >> you know, it's not ideal. but it's not atypical. we've seen a lot of up to the wire ndaas in the past. certainly, let's be honest, in the last 50 years, we've seen a lot of up to the wire funding bills passed. and it looks like we're in that situation again. the ndaa is one of those things that the members take great pride, saying the military is a political institution. the national institution of united states is america is a political goal. we can make this happen. mack thornberry who is the ranking member on the house services committee, a republican, former c

i will quote briefly from what adam smith wrote about china more than 200 years ago. two important points. firstly, the great extent of the empire of china, the vast multitude of its inhabitants render it of such great extent as to be alone sufficient to support great manufacturers and to admit very considerable subdivisions of labor but at the first crucial point because china is so big, they achieve massive economies of scale and massive efficiency gains through my new subdivisions. the second crucial point from adam smith, more extensive navigation, the chinese naturally learn the art of constructing themselves as well as the other improvements of industry which are practiced in all the different parts of the world. smith was right on that as well. he was too -- he was 200 years too early. but when ping opened up the world in 1978 and even more when china joined the wto in 2001, these powerful drivers came together and china had enormous scale and the capacity to learn from foreign technologies and when you put these things together you have an extra ordinarily pow

congressman adam smith, thank you so much for joining us. we'll stay in touch. >> thanks, wolf. i appreciate it. >>> also tonight, a major development in the fight against the coronavirus. a cdc advisory committee recommending a second vaccine. this one from moderna, for emergency use in the united states. what that means for the fight against the coronavirus. it's getting worse by the day. the hospitalizations, the cases, and the deaths. if you have moderate to severe psoriasis or psoriatic arthritis, little things can become your big moment. that's why there's otezla. otezla is not an injection or a cream. it's a pill that treats differently. for psoriasis, 75% clearer skin is achievable, with reduced redness, thickness, and scaliness of plaques. for psoriatic arthritis, otezla is proven to reduce joint swelling, tenderness, and pain. and the otezla prescribing information has no requirement for routine lab monitoring. don't use if you're allergic to otezla. it may cause severe diarrhea, nausea, or vomiting. otezla is associated with an increased risk of depression. tell your

. >>> i want to bring in adam smith of washington. he chairs the house armed services committee. thank you so much for joining me. we have a lot to talk about. let's start with the big news that the president signed the bill that his team helped negotiate along with his colleagues in -- republican colleagues -- i should say, fellow republicans, not colleagues, in congress and democrats. your reaction? >> great news. the need could not be greater in the country right now, as you have documented throughout your -- cnn's coverage. people are desperate. the economy is in terrible shape. this is one way to help them. the president has decided to do that is good news. it points up his limitations as a president. he really doesn't pay much attention to the details of the legislation that he is working on, or to the impact it has on people, or he would have signed this in the first place. this is the deal that his white house negotiated. i'm glad he is signing it. it does point up the frustration of his approach to the presidency. >> to go through some of the -- we have been talking abou

i commend, as i have before, again and again, chairman adam smith, chair of the appropriations committee, mr. thornberry, for whom this -- the bill is named, and the ranking member on the committee, for their leaership. in presenting a bipartisan bill. the president threatened to veto the bill largely because it has a provision in there championed armed teran on the services committee who has fought to have the renaming of these bases an important priority. the bill received a rousing vote on the floor, i think it was 337 -- it was like 80% of the house voted for the legislation which the president threatened to veto. it will be coming up in the senate. i don't know what their schedule is until they announce it. ut nonetheless, it is -- it is interesting to see. because the senate republican chairman there said we're bringing the bill to the floor even though the president is opposed to it because of enaming, also because he wants section 230, the repeal, to be included in the bill. i don't like section 230, it needs to be revised but you cannot repeal it or else you destroy protections

adam smith, the chairman of the armed services committee, he's a very disciplined person, everybody knows, he keeps his cards close to the invest. the fact that he's raising the alarm here, publicly sending a signal to the biden team that they need to work harder, as a sign that yes, they need to fight, and they're into the doing it enough, in adam smith's view. but ultimately, the biden team is signaling they'll have the votes to confirm him. >>> let's turn now to the other big news we've been following, that is the coronavirus pandemic in this country. starting today all airline passengers traveling to the united states from the uk will be required to test negative for covid-19 within 72 hours of their flight. now, this comes as millions across england are now under the highest level lockdown, closing gyms and stores to prevent the spread of a new, potentially more contagious strain of the coronavirus. joining me now is an infectious disease epidemiologist and senior director of the pathogens program at new york city health and hospitals. great to have you with us, doctor. you co-author

. >>> coming up, republican adam smith discusses the armed services strategy. it includes the arms treaty with russia and the role of technology as a national security. >> i would just like to begin by saying chairman smith has thought about these issues deeply than any other member of congress that i know right now. this has been something, and i've had numerous conversations with him, because we're confronting a wide range of issues now, and in many ways they're more fresh than ever. yes, the role of nuclear weapons that they play in our international security has changed a lot, but there is still an enormous role that they play in national security calculations for us, for our primary competitors and now for many other countries that we worry about. we're seeing a rise of some significant investments in nuclear systems, and, of course, that always has controversy attached with it. there is -- and i know in the ndaa that's soon to be approved. you know, they're calling for increased oversight over the nnsa, the national nuclear security administration over pi

adam smith the chairman of the house armed services committee. mr.ou so much for joining us here on "meet the press daily." let's just start with the top-line question here. are you confident that you will in fact vote to override president trump's veto of the defense bill? >> i am, yes. we have 335 yes votes when it came to the house the first time. it was 195 democrats and 140 republicans. i think we're going to pick up a few more democrats. we're going to lose a few republicans. but in the end i think we will comfortably get to the 2/3 majority. it's the right decision. it's a good bill. it's a strong bipartisan bill. and the president doesn't really have a reason for vetoing it. he is fairly erratic as we have seen in the last week, so he doesn't have to have a reason i understand. but as members of congress we want to support our troops. we want to support a strong national security policy. and there are a number of other crucial provisions in this bill that i know members want to see passed into law. >> we focus a lot on divisions of course and

as i learned from my time covering capitol hill and as you know better than anyone, adam smith is nottical alarmist by any means. if fact that he was as blunt of the state of play there and the concern that there may not yet be the votes for this waiver on the house side i think had to catch the biden team i think if they weren't already tracking this, you know, had to catch their ear as well. and this is what biden transition sources say about this issue. they actually see the road in the senate as not guaranteed by any means, but we have seen the support from jim imhoff the top republican on the armed services committee. they expect most republicans there, especially after having given the waiver to jim mattis are going to be there even if some democrats are not. but as you mentioned this is the one shot that the house gets, members of both parties, to voice displeasure on any of the direction of joe biden's cabinet selections here. we have already heard from melissa slotkin raising this concern about civilian control. they opposed this four years ago and now. i think the level of c

>> maul mangor, adam smith, great job. thank you very much. thank you all very much.ncredible job. and many others also, many, many others. we are thankful to be joined by greg greg abbot. bill lee. thank you. thank you, bill. >> ron desantis. ron? thank you, ron. thank you, thank you very much. great job, ron. and john bell edwards. john bell. thank you. [ applause ] >> thank you, john bell. thank you very much. as well as g who is a fantastic doctor. when i need info on that subject i call up john. thank you, john, very much. senator steve dane, congratulations on a great win. great win. that was easier than you thought it turned out, right? it was a little easier than you thought. great going. we're proud of you. congressman greg walden. greg, thank you very much. thank you very much. congre congressman brad. they had $15 billion to accelerate vaccine development and to manufacture the top candidates in advance, long in advance. as a result of this unprecedented investment we are exceedingly proud that both pfizer and moderna have announced that their vaccines are

adam smith of washington state, pursuant to house resolution 965, i inform the house that mr. smith will vote yes on house joint resolution 110. >> as the member designated by mrs. kirkpatrick, pursuant to house resolution 965, i inform the house that mrs. kirkpatrick will vote yes on h.j.res. 110. the speaker pro tempore: for what purpose does the gentleman from california seek recognition? >> mr. speaker, as the member designated by congress member costa, pursuant to house resolution 965, i inform the costathat congress member will vote yes on h.j.res. 110. and mr. speaker, as the member designated by congress member napolitano, pursuant to house resolution 965, i inform the house that congress member napolitano will vote yes on h.j.res. 110. and mr. speaker, as the member congress member vargas, pursuant to house resolution 965, i inform the house that congress member vargas will vote yes on h.j.res. 110. the speaker pro tempore: for what purpose does the gentleman from california seek recognition? >> as the member designated by ms. eshoo, pursuant to house resolution 965,

as adam smith was telling you there, the president threatened to veto that on provision 230. and some say it's not too much. a bridge too far, we'll override you and see if he does, and we'll see if he does. stay with us. an air force veteran made of doing what's right, not what's easy. so when a hailstorm hit, usaa reached out before he could even inspect the damage. that's how you do it right. usaa insurance is made just the way martin's family needs it with hassle-free claims, he got paid before his neighbor even got started. because doing right by our members, that's what's right. usaa. what you're made of, we're made for. ♪ usaa >> from operation warp speed to two vaccines out to now operation maybe lawsuit, steve? because right now a lot of offices are considering since vaccines are out maybe requiring their workers to take it not only for the safety of their workers, but so everyone can get to work. and a legal analyst and great legal mind in general, can they do that? can they force the issue, mercedes and demand you take the vaccine? >> yes, i mean, they have the-- l

it's patently unconstitutional and un-american if the goal was to create the wealth of a nation as adam smith might say then a sovereign wealth fund should have been already created going back to the eighty's under the massive deregulation of the reagan tax or era where of the rise of the financially engineer wealth of the markets would have been shared in something called the american sovereign wealth fund and this would have paid for health care this would have paid for education and it would have paid for infrastructure built in stead now we have health care education infrastructure collapsing and permanent entrenched oligarch oligarchies a monarch neo monarchy because of the money printing no someone while fun was ever created and the country quite frankly is facing a new civil war that could have been all of oid it if if there had been attention given to the fact that if you're going to reengineer your economy in ways where financialization takes precedence over manufacturing and you leave everyone who's not a banker or broker behind you are inviting task strophe hello 2021 the global in

where it will more than likely get passed through the democrat out of washington representative adam smith the chairman of the house armed services committee gloriously amounts to throw up on high.

it's patently unconstitutional and un-american if the goal was to create the wealth of a nation as adam smith might say then a sovereign wealth fund should have been already created going back.

where it will more than likely get passed through the democrat out of washington representative adam smith the chairman of the house armed services committee gloriously amounts to throw up on high but today the house sent a strong bipartisan message to the american people our service members and our national security are more important than politics yes far more important than politics they are and apparently far more important than the american people as well because while congressional democrats and republicans apparently can come together and sing kumbaya over handing the military industrial complex more than 740000000000 of our tax dollars they just they just can't seem to find the money or the time to pass a bill to protect and for.

it is a result of mac thornberry and adam smith. their work to make sure we do put america first. contrary to the prior speaker, before we began to debate this bill we heard accusations this did not put america first. this puts america first. what's essential about this is our adversaries are gaining on our capabilities. they are investing in modernization, they are investing in capabilities that will threaten our ability to ensure our safety and liberty. this bill is about america first. aid like to highlight a few key issues in this bill. first the conference report fully authorizes the amendment, administration's budget request for the national nuclear security administration. these funds are critical to ensuring our nuclear weapons enterprise remains safe, secure, and effective. we put off needed investment for too long. there is no longer any margin of error or delay. now the n.s.a. must transform from a culture of sustainment and maintenance to a culture of development and manufacturing to meet the nuclear safety environment of the future. second, i'm pleased that the confer

yesterday the chair and ranking member of the senate arms services committee, adam smith and thornberry released a statement saying that for 59 straight years the ndaa has pass said because members of congress and presidents of both parties have set aside their policy objectives and partisan preferences and put the needs of our military personnel and america security first. the time has come to do that again. given that it's the very end of the 116th congress, is this late in the day for this bill typically to pass? >> you know, it's not ideal, but not atypical. we've seen a lot of up to the wire ndaas in the past. let's be honest. over the years you've seen a lot of funding bills pass on the appropriations side and it looks like it will be that situation again. the ndaa is something that the members takes great pride in saying the military is an apolitical institution and the national security of the united states of america is the goal. we can work our issues out and come together at the end of the day and make this happen. >> max thornberry who is the ranking member of the house arms

where it will more than likely get passed through the democrat out of washington representative adam smith the chairman of the house armed services committee gloriously amounts to throw up on high but today the house sent a strong bipartisan message to the american people our service members and our national security are more important than politics. yes far more important than politics they are and apparently far more important than the american people as well because while congressional democrats and republicans apparently can come together and sing kumbaya over handing the military industrial complex more than $740000000000.00 of our tax dollars. they just can't seem to find the money or the time to pass a bill to protect and fund the millions upon millions of americans who are heading into the holidays that are unemployed and have over 5000 dollars in rent do you have $5000.00 behind on their rent the washington post reports that according to moody's analytics nearly $12000000.00 renters will owe an average of $5850.00 in back rent and utilities by this january. that my friends is why

adam smith from washington state, pursuant to house resolution 965, i inform the house that mr. smith will vote yes on h.j.res. 107. the speaker pro tempore: for what purpose does the gentleman from michigan rise? >> mr. speaker, as the member designated by mr. ryan of ohio, pursuant to house resolution 965, i inform the house that mr. ryan will vote yes on h.j.res. 107. as the member designated by mr. kilmer of washington, pursuant to house resolution 965, i inform the house that mr. kilmer will vote yes on h.j.res. 107. as the member designated by mr. heck of washington, pursuant to house resolution 965, i inform the house that mr. heck will ote yes on h.j.res. 107. as the member designated by mrs. lawrence of michigan, pursuant to house resolution 965, i inform the house that mrs. lawrence will vote yes on h.j.res. 107. as the member designated by mr. peters of california, pursuant to house resolution 965, i inform the house that mr. peters will vote yes on h.j.res. 107. the speaker pro tempore: for what purpose does the gentlelady from michigan rise? >> as the member designa

it wasn't woven into adam smith's capitalism. he was about to butcher the baker in the candlestick maker. on the corporation. that is what we have. to go back to the point about roosevelt. he seen the same thing. from the collectivist tendency. i completely agree. my argument in the book is not necessarily to get rid of markets or the corporation. my argument implies that we should get rid of the idea that capital is the end of everything that we do. it's not something that i'm supporting. but the corporation is a brilliant vehicle if what you want to do is raise a large amount of capital. there is no other way. that's why it was can created as a social construct. but a corporation in that way is like any other machine. a lawnmower is a great machine. if you want to cut your lawn. but you don't want to use it to give yourself a haircut. that's overdoing with corporations. were not just cutting the lawn with them anymore. when were not just using them as a tool that we are. but we are doing everything that we can with them. drivin

jon: adam smith, a democrat in washington says the white house is to blame for the situation regardinghe coverage relief package. listen. >> i think mitch mcconnell and nance nancy pelosi got a deal quite a while ago but they had the conversation and then it goes to the white house. the chief of staff and president change it a little bit. jon: senator, is that how you see it? >> no, we spent all of august working a bill, we work to build the democrats blocked and then we did the same thing right before the election, democrats blocked it again. nancy pelosi admitted it, she didn't want to deal with it before the election because she thought not having a deal would help joe biden. we see democrats but don't want to help americans. i hope we can get this done, we been working every day to try to get something done. democrats are interested in the liberal priority. i'm glad this will bailout liberal states in can't live with their means, they try to use covid to get taxpayers to pay for it in illinois and california and new york. jon: rick scott of florida, thank you. united kingdom imposi

. >> one of your democratic colleagues, congressman adam smith who chairs the house armed services committee said this, to be clear, mister president, section 230 repeal wasn't included in the house or senate version of the bill that funds our military. you are mad at twitter, we all know it, you're going to veto the defense bill over something that has everything will with your ego and nothing to do with defense so you are a member who has served our country in many ways including in the army so what do you make of his argument this shouldn't be tied to military funding? >> there's a lot of ways they can get this provision included in these bills, that will be considered by congress. i support the president's push to make this happen because congress has thus far failed to do what is necessary to break up these big tech monopolies and take away the legal immunity which they are exploiting for their own massive financial interests on the backs of us, the american people whether it is because they are censoring or picking and choosing whose voices can or can't be heard on their platform, usin

i knew milton freedman, the greatest economist that ever lived other than adam smith. he talked about the fact that government doesn't stimulate anything. government spending stimulates more government. my point is with a one-page bill, we could have done what donald trump wanted to do in july, which is suspend the payroll tax for every worker and business. it's a way of putting this in perspective. what worries me, neil -- >> neil: if you're suspending a payroll tax for somebody that doesn't have a job, it does don't much good. >> no, no. what you want to do, you have to get people jobs. there's nothing in this bill that -- this bill discourages people from working. >> neil: i understand what you're saying. i get that. but once the pandemic took hold and people were losing jobs, we'll cut the payroll tax and encourage businesses to hire people, that would be a crap shoot. >> no. you know how many jobs openings there are? the "wall street journal" reported on this. a lot of people in the construction industry -- >> neil: in the middle of the pandemic, you think a lot o

you know, adam smith who wrote "the wealth of nations" considered the first economyist in history believedmarkets were problem-solvers but didn't think they could solve problems like that. the notion of there's a market in schools, you know, what does that mean? that if your public school isn't handling it the way you want to you will go out into the market the schools and move your child to another school? it's -- it's just madness. the whole thing is madness, from start to finish the way jared kushner talks about it. he has no comprehension what it is to be a public student in america or even a private student at the private school that's cost less than $50,000 a year in manhattan which are the kind of private schools he knows about. >> let's talk about k.in.d., kids in need of disks, a partnership to to help give children desks? malawi, what started this? >> was a friend of mine who came back and was a public school teacher in boston and asked every teacher what they needed. she expected books, papers and pencils and they all said, we need chairs. every school all of the kids were just

. >>> coming up, republican adam smith discusses the armed services strategy.includes the arms treaty with russia and the role of technology as a national security. >> i would just like to begin by saying chairman smith has thought about these issues deeply than any other member of congress that i know right now

meanwhile representative adam smith says this is all standard behavior. >> the president deciding too that is good news. it points out his limitations as president. he doesn't pay much attention of the details of the legislation he's working on or to the impact it has on people or he would have signed this in the first place. this is the deal that his white house negotiated. i'm glad he's signing it. but it does point out his approach to the presidency. >> helping us with the details, john defterios, tell us what's in the bill and what can folks expect to get the money? >> you asked a key point there, kim, but let's cover the anxiety everybody had to go through over the last, what, seven days when the bill was passed by the senate republicans and the house democrats and also keeping global markets on edge. there's some relief. and we can get to that in just a moment. it is surprising because it was treasury secretary steven mnuchin who was sitting at the bargaining table since they started the last round of negotiations over the last four months. it was really a tumultuous period of

. >> house armed services committee chair representative adam smith discusses nuclear modernization and arms control policy at an event hosted by the center for strategic and international studies. representative smith talks about iran's nuclear program, and you s.t.a.r.t. nuclear arms treaty with russia and the role emerging technologies and nationalecurity. this is just shy of an hour.

as you said, adam smith was right he just had bad timing and so he may be a very good economist but he would be a terrible investor. now we are going to turn to the commentators. i wouldn't call this group murderous row even if they have a variety of different opinions. if you were going to form a dissertation committee of the best and the brightest who work on the economy and financial system, this would be the group and so this is a real treat to have them with us. let me briefly introduce them and then i'm going to turn it over to each of them to allow them to offer a few minutes of commentary. the chair of the global research she's helped the markets and before joining j.p. morgan was the managing director at merrill lynch. the assistant director and the asia-pacific department and also adjunct professor at the university of berlin where he served as a tenured full professor. he's previously taught at princeton as well and rutledge. an expert on the logic to testify before the u.s. senate and advisor to the monetary authorities and is one of the leading experts on the policy issues

war it's sentiment and lexicon, subtle feeling, as adam smith put it, humanity, sociability the latter to being -- represented a departure from traditional themes. they were the development of this time in history. while rochambeau never declared himself a military philosopher, is understanding as an agent of military enlightenment is clear. he opened his memoirs with a declaration to devotion ruling the truth and only the truth. he wrote -- and this is my translation -- the truth must be the basis of history. i can only write what i saw or heard of. in a certain manner. one will fly blanks in the table out of the four great wars of which i had a part of in my life. i preferred to be quiet rather than to risk violating this first principle, from of truth infidelity from which one must never stray. in addition to this commitment of truth rochambeau had an attachment to the moral values of waging war humanely as a friend of humankind. it is for this reason, i believe, that he cherished his story of the quaker above all others and only recorded this conversation in his memoirs. it is impo