you look at a job corps program.has been a failure in terms of objective, because teenage unemployment is higher now than when job corps started. no, it just means that the job corps was too small. it's too small now and was too small then. the job corps works, it's a success. it's an american success. it's a good investment. for every dollar that the taxpayer puts into the job corps, the taxpayer gets back about $1.48. so it's like investing in the stock market or putting your money in a bank. we're getting money back. the job corps does not add to the deficit of the united states it reduces the deficit. congressional republicans and democrats joined to reject the reagan abolition attempt and give the job corps a new lease on life. 40,500 job corps trainees a year were a good investment congress felt, in the battle against poverty. we asked analyst richard gill what economists think of the job corps and the war on poverty. the main lesson we can learn is that reducing hardcore poverty even in the so-called "affluent

what used to be take the corps three to five years to do a study, it has become the norm for the corps to take 10, 12, or even 15 years to complete a study. it's no wonder it's taking so much time since the corps has to review in detail many different alternatives. too often we allow federal agencies, including the corps of engineers, to literally study projects to death. this conference report accelerates the corps of engineers study process by limiting studies to three years and $3 million. in addition we accelerate the process by requiring concurrent reviews by the district, division, and headquarters levels personnel. ultimately the federal taxpayer is on the hook tore these studies for the length of time it takes to carry them out. the corps reviews far too many alternatives and sends to congress a project request that far exceeds in scope and cost what was initially intended. too often nonfederal interests and their contributions are forced to sit on the sidelines while our under national competitors race past us. this conference report empowers the nonfederal interests and ensur

so close for the marine corps. took alot of doing it at that point they'll marine corps was for services. we just made is advancements in the course allowed us to be autocratic or that military branch makes up only six percent of the overall budget. receiving twenty nine billion dollars for all of twenty fourteen was the main arguments as to why congress has not force the pentagon to comply is the idea that the agency is simply to pay it on at this very complex bad to throw for him to say well it's too big we can worry about it that way the surrender and then we should do that and while former congressman ron paul is now out of office. his sen son is taking up the comments so this is the most important thing we spend money on is one of the few legitimate constitutional functions. it should be a priority that mean a blank check. but even if congress did force and onyx tracking records on the pentagon's antiquated computer system this would be a nightmare reason writers investigation found that the computer systems w

the reconstruction finance corp. perhaps is the thing he did with the worst permanent effect because the idea was banks that are in trouble and corporations that are in trouble. instead of having congress voted in the subsidy let's create a group the reconstruction finance corp. that has the power in the funds to throw subsidies into various corporations and that will help us get out of the great depression. in other words we go from having subsidies funded by the federal government and by congress and at least by the war department, somebody who is strict on capital. you have a presidential administration that is accountable. congress is accountable so when steamship subsidies didn't work and the trans-con l. robert subsidies in work than we have a political party that's accountable in congress that is accountable and we can correct it. the reconstruction finance corp. set up in 193200 hoover changes the game because now you have a large amount of money that's going to be ever-increasing. congress will vote on incre

we accelerated the -- the army corps's reports. army corps's reports, we got it back in time and now that location will be available for many years to come in order to accept the dredge material so we can keep the harbor dredged at its appropriate level. i might say, there's also authorization in this bill to make sure that our harbor is maintained at its current depth. but we've gone even further than that. we've planned far into the future by now authorizing midbay, the next poplar island. the next poplar island which is, again, a barrier island that is disappearing, will be restored, used for economic purposes for dredge material but then converted into a positive for the environment and to protect us against storms. that's what this bill means to my state, just one example -- and we could mention examples all over the country. in regards to the chesapeake bay, i've taken the floor many times to talk about the chesapeake bay. $1 trillion in our economy comes from the bay, from -- from watermen and fisheries, from tourists, from

faulkner of army air corps, james walters of army air corps and oliver thomas of the intelligence court who were tragically killed. these deaths are a tragic and poignant reminder of the sacrifices made by our armed forces including reservists. all of our thoughts go to the friends of those who knew those we lost including the honorable member and we share his loss. our deepest sympathies go to the families of those killed. i would like to drive the prime minister -- join the prime minister in honoringann maguire. this was an appalling tragedy. it is clear from the testimony of those who have spoken out that she was an inspiration to those she taught and all our thoughts are with her family, friends and teachers and pupils in the schools. yesterday, for the first time, we got to know the names of the investors who were given preferential access to royal mail shares. how were these lucky few chosen? what we are talking about is an exercise in privatizing royal mail which has been a success for our country. a business that lost one billion pounds under labor has now paid money back to the

the commandant of the marine corps, united states marine corps will administer the openoffice to thoseommissioned in the united states marine corps. , i present two hundred 65 midshipmen of the graduating class to be commissioned in the united states marine corps. [applause] >> thank you, captain bird, secretary hagel, secretary mavis. it's a wonderful day for the united states of america and its maybe entering core. friend,miller, my good once again, you have done a fantastic job of molding and shaping the character of these future military leaders. parents, family, friends, faculty, staff of the united states naval academy. thank you for your persistent guidance and your encouragement and your faithful mentor ship over the last four years. are personal fingerprints all over the class of 2014. they said before us today in large part because of your great fidelity towards them. for the men and women seated on the lawn before me today, i want to use this short time to talk about two simple things. first, i want you to think about character. word officer, this single carries with it an e

. >>> in 1961 established the peace corp and kennedy says the peace corp was needed to help nations thatggling for economic and social progress. kennedy continued, quote, our freedom and the future of freedom around the world, depend in a very real sense, on those nations's ability to build growing and independent nations where men can live in dig any, liberated from the bonds of hunger, ignorance and poverty. 53 years later, those words still ring true and thankfully, the peace corp is still in service, a living testament to kennedy's dream while america's relationship with the world is not only based on mill tarp intervention and. economic trade by social service. the peace corp has 7200 volunteers in 65 countries and works on issues like health, economic development, and education just to name a few. their service has been invaluable and countless people around the world have a school to send their kids. adequate is an 25igs, clean drinking water and a chance at a better life. because of people like my mom who in the 1960 ease volunteered in columbia, and a school there where kids are

under this conference report, the corps would have to propose a list of the projects to cut. the list would total $18 billion and would be sent to congress for this up-or-down vote. $18 billion, mr. president, is more than enough to offset the entire total authorization of this piece of legislation. it truly is time, mr. president, for the corps of engineers and for congress to clean the books, cut the waste and bring fiscal responsibility to this wrda process. so i want to thank my colleagues, including chairman boxer, ranking member vitter, and former senator and subcommittee ranking member max baucus, for the bipartisan process that this bill was considered under. the conference report is not perfect, but i believe that we have achieved a product that is substantive, effective and in the public interest. it's a product that will save lives, maintain the flow of commerce and protect communities for years to come. and, therefore, i urge my colleagues on both sides of the floor to support this conference report and once again thank -- i thank you, mr. president, thank the com

why did job corps appeal to you? >> job corps appealed to me because it was for, one, free. testimony about other people making it. and i said why not? >> besides teaching technician skills and technical skills, how important is teaching soft skills in this program. how to interview for a job, the importance of being on time, stuff like that. >> we call those career success standards. all 125 job corps scepters focus on that. in fact, we're turning 50 years old. so we've had 50 years to get great at this. and nicole is an example of that. those are the most important skills because you can teach anyone to hammer a nail. however, can you teach them to get there on time? to be in uniforms, to be ready for receiving direction? our job becomes coaching anticipate slowing them down and getting them ready. and they look like nicole, they're ready, they're perspective on employment is different and they can go out there and compete. >> nicole baker enand roxeanne chin, thank you for your time this evening. congratulations on your success, nicole. >> thank you. >> we thank you, sir.

and then the corps would recommend those projects to congress. so i think it's interesting, we kind of took ourselves, because of the earmark ban, out of the picture and allows people from fargo, from los angeles, from humboldt, wherever they're, from to go and see the corps, make the case for their project and then the corps would say, we sat down with these local officials. there are 10 or 15 projects we think are important. and that's going to be a new w way. we're going to give more local input. now, i have to say, madam president, i am very, very, very excited and happy to be standing here today on this issue, because it was one year ago, almost to the day, that the senate passed the boxer-vitter wrda bill by a vote of 83-14. it was almost a year ago, it's been a year of being in conference, a year of struggling with issue after issue after issue, a year of people saying that's it, we're done, we're walking out the door. wait, come back. it's been a year. when you read how a bill becomes a law, madam president, it sounds so simple. it says t

for news corp., analysts expect 3 cents per share on revenue of $2.07 billion. news corp.t century fox split in two last summer. news corp.'s biggest segments are its newspapers and book publishing. both have struggled and that's likely to continue. >> all right, morgan. thank you very much. we'll watch for those numbers coming up. >>> with ten minutes left in the trading session here, we are holding steady. if you're just joining us, you'll see the dow is up 23 points. quiet day. anything but. au contraire. the dow did open sharply higher this morning. we had had a lousy 0-year auction in the treasury markets with the yields moving up appreciably as a result, pushing stock prices lower. we start the down this hour, and we've come back. >> coming up, only in colorado, pot banks. yes, marijuana banks. on their way to becoming a reality. and old-school banks aren't too happy. we'll get into this one coming up. tdd#: 1-800-345-2550 trading inspires your life. tdd#: 1-800-345-2550 life inspires your trading. tdd#: 1-800-345-2550 where others see fads... tdd#: 1-800-345-2550 ..

we have 983 million dollars total, to reset the marine corps and buy new -- modernize the marine corps for this year. that's less than 4% of our entire total budget. so we're feeling it in the modernization, senator, because we paid the bill for readiness and training out of that account. >> i bring this up because i know this is a hearing on compensation, but if you change that that doesn't happen in a fact umm. it can be a bit expensive, as you say our modernization -- my time is about expired. in terms of our combat readiness codes c-1, c-2, c-3 and c-4, because we've already experienced some losses that in terms of our readiness cape 5b89, are any of you -- how are we doing now on those that were deployed, general odierno in terms of -- should be c-1 we they're deployed, that's correct? >> that's correct. we make progress so we're beginning to increase the readyness of our brigade combat team. we've added -- >> are they all c-1 or c-? >> they are. the problem is, in 15 and 16 that goes down again because of the sequestration and if we lose what we've asked in the compensation savin

million total to reset the marine corps and re-modernize the marine corps for this year.hat is lesson four percent of our entire total budget. we're feeling it in the modernization, senator, because we pay the bill for readiness and training out of that account. >> i bring that up because i know there is a hearing on compensation, but if you change that, it doesn't happen in a vacuum. it can't be at the expense of our training and our modernization. the time is about expired, but in terms of combat readiness codes, because we have already in termsed some losses of our readiness capability, are any of you -- how are we doing now on those rare deploying? see one when they are deployed, is that correct? >> were made progress in 2014 because of the bilateral agreement. about 4-5 more combat teams. >> and they're all see one or see to? >> they are. the problem is, and 15 and 16 that goes down again because of the key -- because of the sequestration. if we lose what do we have asked in compensation savings, that will bring readiness down further. >> thank you very much, mr. cha

corps who were tragically killed. mr. speaker, these deaths are tragic and poignant reminder of the sacrifices made by our armed forces including reservists in serving our country with bravery and distinction. all of our thoughts go to the friends of those whom we lost, including the honorable member, and we share his loss. families. i would also like to join the prime minister thing traded to the speaker anne mcgwire who was murdered in the classroom on monday. this was an appalling tragedy. it is clear from the testimony of those who have spoken out since she died that she was an inspiration to those she taught. our thoughts are with her family, friends and teachers and pupils of the school. mr. speaker, yesterday for the first time we got to know the names of some of the investors including hedge funds who were given preferential access. how were these lucky few chosen? >> what we're talking about is an exercise in privatizing the royal mail which has been a success for our country. a business that lost a billion p

with that 4%, how modern will that allow the marine corps to be in about ten years if it continued at that rate? >> sir, it's part of the decision we made last summer as we were facing sequestration. we said, what's good enough? so, in ten years the marine corps will not be a very modern service with regards to ground tactical vehicles. it will be with regards to aviation and a few other. but we will be living with legacy vehicles and ground tactical realm. >> this is for all of you. is there ab upper limit, like on personnel cost? i remember admiral greenert we were at a dinner with you where you said if things don't change navy personnel costs will be two-thirds of every dollar and it will be very difficult to run the operations of the navy if that occurs. is there an x crosses y points for the different services? >> well, to -- that was at a rate we were on at the time. that would notionally rest itself. but i think what we're suggesting is to slow growth. so, for the navy, we're about right now at about -- at about 25% to 35%. if add reserves. i'm talking about sailors, reserves a

. >> you are also becoming a b corp corporation. you could be the first b corp that goes public. what that means. >> it is a third-party based out of new york. they test you basically on how you treat the community, employees, and the environment and you get a score. we are a certified b corp. it means we believe business can and should create business goods. the social good is built into the business model. 3.5% goes to etsy, but the rest goes to the community. you can become a legal benefit corporation. it is distinct from the certified b corp. >> you guys have done so much to grow the maker movement. how much do think the maker movement can help the overall economy? >> when we look at etsy, etsy represents a whole generation of micro entrepreneurs. they are generating an economic impact. it is billions of dollars around the world. what we see is that with platforms like etsy, largely women come 80% of our sellers are women, are able to start their own businesses and reach a global market and generate supplementary income for their families. 18% of etsy sellers sell full-time.

what does he do with his molly corp trade? karen?arket often knows really what's happening before the equity market. i looked at the debt. it trades horribly. horribly. they're telling you this company is in serious trouble. however, you seem committed to it. i would sell it and buy it back. at least you get a tax deduction. are you going to miss the move if you're not here for the next 31 days? >> no, i don't think i will. >> if you want to -- take the tax deduction, that loss. it's a big one. that's valuable to you. you must have gains. >> regis doesn't sell anything until it's a gain. >> wow. >> why? what difference does it make what your cost is? >> we're going to -- >> that's a whole other -- >> that's another show. >> do you like to -- >> you have already. >> regis has a chance of coming back. ♪ [ bell ringing, applause ] five tech stocks with more than a 10%... change in after-market trading. ♪ all the tech stocks with a market cap... of at least 50 billion... are up on the day. 12 low-volume stocks... breaking into 52-week hi

has endorsed it, the corps of engineers has endorsed it. and thanks to that wrda water resources development act authorization, a $706 million project will become the reality over the next five years. why is it important? it's important for this reason. as we sit here and talk today, the nation of panama and widening and deepening the panama canal. wane few months they're going to be taking through the panamex ships of the 21st century. ships that carry not 9,000, not 11,000 but 14,000 containers. and ports along the east coast of the united states, like the port of savannah, are not go to be able to take that deep a ship. they'll have to wait until high tide to bring it in and then wait for it to come back to take the ship out. that causes money and causes people to divert to other ports and countries and it hurts us. so over the next five years as we deepen the savannah harbor and river, we improve the opportunity for the intiets southeastern united states to grow and prosper and be competitive in the 21st century. the port directly contr

the young men and women of the navy and marine corps. commission is not about your past accomplishments. it is about your future contributions. are many throughout this nation's history who have held this special trust. link in that unbroken chain of service. thank everyone of you for making the conscious decision to commit the next part of your life, whether it is five years or 40, to our country. you havee time that pursued your education and your training here, our navy and marine corps that you are about to lead have been globally ed and globally engaged. sailors and marines have continued operations in afghanistan. were finishing fleet ors and rains or beginning a massive sea-based mission to provide relief after the devastating earthquake in haiti. year, theyoungster launched tomahawk strikes into libya and flute carrier missions there -- flew carrier missions there. the striker rose the first two years. it tooup responded with the earthquake and tsnumani in japan. as second-class men, they responded in this country to hurricane sa

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house right now in terms of the press corps is surprised by this move. just given the amount of time jay has devoted to the president. and also not that surprised by the president's decision to replace him with another loyal soldier in his white house and that is josh earnest who has been deputy to jay carvey for some time. but this is of course an important post. this is the public face of the administration, when the president himself often not taking and jay carney's had his intention -- tensions but also respect from people within the press corps. they know where he came from. they know how he's handled this job with you he's had his challenges and josh earnest is going to inherit some of those moving forward. >> what's next for jay carney? >> we don't know. he was asked if he was going to join a band and he said probably not. but he might look out for his son's band. i wouldn't be surprised to see jay carney move perhaps back into the media world as a talking head type of some sort. i wouldn't be surprised to see him write a book himself about his e

, and lance corporal oliver thomas of the intelligence corps, reservist who also worked as a research assistant. these tragic deaths remind us of the continued commitment and sacrifice of our armed forces, and i know that our deepest concerns are with the families that is very, very difficult time. i'm sure the whole house will also want to join me in paying tribute to and mcgwire who was stabbed to death in her classroom on monday. it is clear from the tributes paid she was a much loved teacher that work to school for over 40 years. she gets so much about her pupils, should come in on her day off to help prepare them for exams. our thoughts are with her family, her friends in the entire school community who have been left devastated by this truly shocking and appalling tragedy. the criminal investigation is underway in everything they can be done to get to the bottom of what happened will be done. mr. speaker, this morning i had meetings with ministerial colleagues and others, and in addition to my duties in this house, i shall have further such meetings later today. >> i very much a

you've got the navy, the marine corps. we have a clean audit, but what is wrong with the rest of the branches? just setting up that type of pressure. >> yes, i would agree that we have broken it down, both in terms of the fire, in terms of doing the state and budgetary resources first, and then moving it out in its broadest completeness. it is slightly different in terms of approach in terms of the services. one of the things that we did with the corps of engineers, we system, oure field first exam. we did it across five processes and did it at the first three installations in general across the new system. the next year, we broadened it out to 10 installations and i nodded of eight of those businesses process -- business processes. and this year, we audited the whole army for the state and budgetary resources. the pieces get larger and larger to show success and identify a successful audit overall. >> again, coming from the private sector, you'll never get an unqualified opinion if you don't have prior experience. and bec

you know, the army corps got paid a lot to put in all that concrete. know, maybe they'll make a business out of restoring the river, partly to its former form. totally awesome. oh, my god. i started in cogan--whoa, i can't speak anymore! canoga park. that's a long way, man. that's two marathons. that is no easy thing. >> whoo! hey, we're here! [cheering] >> there it is, coming around the corner. >> let's go! >> [cheering] [indistinct chatter] >> revitalizing the l.a. river is increasingly important, as the colorado river may one day be unable to meet southern california's growing demand for water. the film "watershed" looks at efforts to save the colorado, and develop a new water ethic for the american west. >> it is said that nothing defines a region more than a body of water. this is particularly true in the american west. the colorado river, and the tributaries that make up her basin, shaped the spirit of her settlers. "el rio colorado," the river colored red from the land she flows through, made this dry land not only livable, but irresistible to s

in the united states marine corps. [applause] our hearts and prayers go out to the families of all these midshipmen and their friend here at the academy. this sense of loss will be familiar to some of the sailors and marines that you will all soon command. you will lead people who may have lost friends to combat, accidents or suicide. you'll lead people who may be struggle with their own challenges like stress mental health or drug and alcohol abuse. when they come to you for help it doesn't mean they're weak. it means they're strong, because asking for help when you need it takes courage and strength. what we need to remember what our entire country needs to remember, is that these brave individuals don't need to be avoided or stigmatized. they need to be embraced, they need to be helped be they need leaders, leaders with compassion and humility. leaders they know and trust and will go the extra mile for them. they need leaders like their parents, their friends, the instructors, the mentors here today that helped you

one, an obnoex shus bloated white house press corps.t he also had an administration with no breaks. the poor guy had to handle all this stuff. then you have a press corps that was tide up in the little room in the white house with nothing else to do but play toys and games and that had nothing to do except call around the white house and executive building and yell at the press secretary. the worst journalists in the world are in the press corps. >> josh earnest, does he have the best name in pr? >> a lot of people don't feel jay carney was being earnest. on bob's first point on the fact that he had a really tough press corps. i disagree. i think they were lap dogs for a lot of it. i don't think that after watching dana perino having to deal with what you had to deal with. you had a lot more battle scars. >> she had lap dogs all over that place. what are you talking about. >> there was something in that clip where we played yesterday, it just looked like he was done and you know he probably wanted to leave for a while and they didn't wa

the corp how looking to establish a breeding island in the south end of san francisco bay.n seattle, i'm adam schauffler. >> after brown versus board of education, we look for new rights of civil rights in our schools. real reporting from around the world. this is what we do. al jazeera america. >> with the world's largest election effectively over and a preliminary winner named a lot of focus is surrounding narendra modi. joining me an editor of huffington post. thank you for coming back. i got to tell you modi, as you know, and i'm going to dive right into this with you, is accused of doing little to stop the riots in 2002 when he was at the time first minister in that state. and we recall about 1,000 people died. most of them muslims. the u.s. denied him visa. the u.k. just re-established ties with him in 2012. did he then, does he now have sectarian prejudices. >> thank you for having me here. >> yes, modi has been, as you said, accused of not doing enough during the riot of 2002. since then he has been cleared by a special investigative team and actually having any par

there are four corps.we and our nato partners will be able to be at the corps headquarters at the level of 9,800 and use the duration of most of 2015 to complete the corps level training our commanders think is so important to give them sustainability. >> charlie: you know the question, the taliban will wait us -- >> here's why we ramped down, because the afghans -- and this is the advice of the commanders to the commander-in-chief -- the afghans need to see the horizon at which they will be required to stand on their own. they have made enormous progress over the last two or three years, and our commanders believe that by the end of 2016 they will not need the level of support that they will need at the beginning of 2015, and they have recommended this gradual draw down of u.s. forces. at some point, charlie, those people who say, well, you know, you are going to tell the taliban how long the wait, at some point we're going to be gone. 15 years will be a long time. if the idea is, if you ever say when you

corporal james walters of army air corps and lance corporal oliver thomas said the intelligence corps who was tragically killed. easter speaker come in these deaths are tragic and poignant reminder of the sacrifices made by our armed forces including reservists serving our country with bravery and distinction. all of our thoughts go to the friends of those we lost, including honorable member we share your thoughts and deepest sympathy to the families of those killed. i also like to join the prime minister, mr. speaker in paying tribute to the teacher who was murdered in her classroom on monday. this was an appalling tragedy. it is clear from the testimonies of those who have spoken out since she died that she was an inspiration to those she taught and all of our thoughts are with her family, friends and teachers and pupils at the school. mr. speaker, yesterday for the first time we got to know the names of investors including hedge fund who given preferential access than one third of all male shares. mr. speaker, how are these features? >> what we are talking about is an exercise in p

this is a very significant increase in rape cases that mercy corps has seen. condition women have been marginalized across all aspects of the response and risking marginalized reconciliation and recovery processes as well. fifth secure commitments now for transition. to date the u.s. is not committed funds or communicated its strategic intentions and car beyond december 2014. this sends mixed signals to send traffic and partners in international demand domain about u.s. intentions to engage in the medium to long term. efforts to reopen the us embassy in subsection of the prioritize and ask back in congress could also be helpful in accelerating the engagement of financial institutions in car. 20 years after the rwandan genocide and subsequent crisis in drc as you stated in your opening remarks mr. chairman u.s. estate of the prevention of mass atrocities constitute a core moral and national security priority. if the u.s. takes its commitments to preventing mass atrocities seriously now as is the moment to secure long-term support for recovery. atrocities preven

he needs to be asked by the american press corps and mexican press corps. when if you are talking to mexico about relations with america. obviously detaining young men that take a bad turn and get stuck there he ought to help with that if mexico wants to be good neighbors, which they ought to be, weship millions of dollars down there, billions of dollars down there, he ought to bring this up and mexico should want to be a good neighbor and help us. this is one of those common sense tests. they ought to be common sense call. he made a bad turn and we are not going to make bad turns and put him in a mexican jail. >> before i went down there and saw it was it really a bad turn? i went down there, it was something anybody can do. >> at night? >> at night it was a turn to the left. direction of san diego. not knowing that it loops around into mexico to the point of no return. i mean, it is an easy mistake. >> america co-needs to be nice tore americans, basically. >> why aren't they? >> i don't know. have you gone over stuck here on the border, can you help me? c

mercy corps were able to respond very quickly.that is a great tool we think should be scaled up to $100 million. beyond just a ccf and rapid response. on your question of the transitional government, from my perception on the ground and from our staff perception, there still is optimism in the transitional government. we really prioritize is that the transitional government has a support package to pay salaries and restore basic state functions to begin to provide functions. we think that the imf really needs to get involved. we heard that they plan to send their assessment team in july, which we think is not fast enough. if congress. help accelerate that process for their scale of grant, it would be great. there have been a lot of comparisons of car to rwanda. what we are really seeing is it is actually unfolding in to something more like a drc. there is a massive, protracted displacement crisis. if it only responds to the immediate needs without thinking of the underlying root causes that caused conflict in the first place, we'r

vf corp. getting an up grade. and lululemon a potential acquisition target.arent of brands like nautica and the northface a good fit for your portfolio? let's debate it. murph's the bear, steph the bull. steph, go. >> you mentioned quality names. we know them. i think they're positioned very well to grow them. and to continue to see double-digit earnings growth. they're going to grow internationally, grow through scores, dtc, and they're going to expand the outdoor business. the outdoor business is 50% of sales and it carries the highest margin. so double-digit earnings and margin expansion. they have industry high return on equity of about 19%, and 15% cash flow growth. >> yeah, all great points, and you can't debate that the company put up a great quarter. what i want to point out, that is right now would i go out and buy vf corp. today at current price? no. they're trading 15 times next years earnings, and their last quarter was so good the weather helped them. i don't think they'll have that the next quarter. you can't argue they're a great company doing

, commandant of the marine corps, and united states navy chief of naval operations. [applause] ladies and gentlemen, please remain standing as we extend honest to the official party. [military band plays] [gun salute] >> the blue angels will be apurchasing momentarily from behind me at the south end of the stadium. [applause] >> ladies and gentlemen, we invoight all our guests to for our national anthem and the invocation by captain michael gore. [applause] >> i invite all who wish to pray with me. pray. god of all wisdom, knowledge and learning, four years ago these graduating midshipmen arrived at naval academy and marched portals of yawning bancroft hall, to commence a life of study and service. was here in the halls of this storied institution that they were inculcated with the highest andls of duty, honor, loyalty and were prepared for militaryus tasks of leadership. so on this day, as they receive their commissions, grant that they may take that their leaders place as true in the service to which they've been assigned. with thy help,s harm.t them from all bless

we have $983 million total to reset the marine corps and buy -- modernize the marine corps for this year. that's less than four percent of our entire total budget. so we're feeling it in the modernization, because we paid the bill for readiness and training out of that account. >> i bring this up because i know this is a hearing on compensation, but if you change that, that doesn't happen in a vacuum, and it can't be at the expense of our training and our modernization. in terms terms of combat readin, because we have already experienced some losses that in terms of our readiness capability, are any of you -- how are we doing now on those that were deploying, general odierno, in terms -- should be c1 when they're deployed. >> that's correct. so we made progress in '14 because of the bipartisan budget agreement so we're beginning to increase the readiness of our brigade combat team. see added four or five more combat -- >> are they all either c1 or c2. >> c1 or c2. the problem is in '15 and '16 that goes down against because of the sequestration, and if we lose what we asked in the compen

to and even bigger defines the eligibility, the entry [captions copyright national cable satellite corp. 2014] to get in there. criteria. potential tore hiring ability in the future, what's predicted there. so these are great information sources for our service members to be able to use. it's also a great resource for human resources officials, the ones i was talking about earlier. they can go look through where they can say ok, i run an engineering firm, what military occupational areas are related to what we do? well, they can search, put in their industry and see what military occupation codes are available and have some linkages there. so it's a great source for both the service members and the civilian population to work -- look for. the navy has started this, the air force force, and the navy has been able to take the next step and that is actually find funding sources to help. over the past six to eight years they've been in the range of 40,000 soldiers they have been able to help earn a qualification of some sort. this brings a wealth of information to the navy as well through t

it was not through the philippines which would be a bloody campaign but where they army air corps got want and to determine which avenues united states would go. and admiral halsey was not the conference that he said fighters over to be plucked more quickly than they could go to for all sub. with the navy admirals you will find 1944 they actually agreed with macarthur's proposal will be attacked through the philippines much to set stricter in one dash to the chagrin who hated macarthur who would rank through the u.s. army. and roosevelt during his campaign was always fight in the philippines. why is everyone criticizing me? at there he is. a good republican fighting the fight to. and he allowed that to be used people write about battle books it is a political book if you would like to read about battles those are in here but not the most important thing of world war ii but organizing to shape the american response to identify the commanders in that is the real story. a good question. thank you. >> most of the time i think of macarthur i think of him being a very effective user. given

marine corps. we were out watching the pilots fly in.oticed all of the adults were wearing their sunglasses and the kids were squinting trying to see the planes in the air. we launched babiators with my partner caroline and myself sitting at our respective kitchen tables literally cold calling children's boutique. >> the biggest complaint is that they get lost. we started toying around with the rationale, let's replace them if they are lost. that is firmly came up with the guaranteed. i get a lot of reactions like, how do you stay in business? how do you stay profitable? in the three years of selling babiators, we are of gone from one million to 2,000,002 $3 million in projected sales. -- one million to 2 million to $3 million in projected sales. we sold a lot more by having that one pair. >> that first year i literally lost several different winter hats. my partners and i realized we wanted to expand into different products. why not make a hat you can guarantee if lost? all of these products should be replaced if lost, for free. that is

years ago our exchanges, marine corps exchange, and i think it was that way in the other services as well, received what they called appropriated funds. in other words, they were subsidized so they weren't forced into making good business decisions. a little like senator graham just talking about, being a good steward of your money. that's not the case here. this is a subsidized institution. and i think it's time to -- i think it's time to change that. i think it's time to force them to go back and do things economically. now, economically, in my mind, doesn't equal taking the 30% savings away from our families. that's not what i'm saying. i'm saying, figure it out. and we can't sit at a hearing and understand all the -- all that that means, but i'm confident that they can, the same way that our marine corps exchange did years ago. you can go to the marine corps exchange today and you still get a pretty good bargain. >> i agree with you. because in earlier hearings, the savings -- price differential would go down to 10% instead of 30%. that sounded like that was going to be the resul

it's very well-known in the marine corps.ought the yankees had just won the world series. the entire place went crazy at the end and honored these guys in a way that was long overdue. >> i'm a history major, and i had never heard of this battle, sad to say. why is this taught at the marine corps? what specifically about this is so special? >> i think it was the impossible that they did the impossible. there is no way they should have made it out. on paper, even if you tell it out loud, it's impossible. the weapons wouldn't fire because they were frozen, completely outnumbered. and again, we've been to combat, so we know what it's like to see people, the average everyday guy on the street perform feats of super human strength and heroism. these young men and women today doing this. the fact that they did it and they saved so many people in doing so. they didn't just save themselves. they saved the north korean refugees and estimate over a million people are alive today. >> and there are some parallels there. you edited this on

. >> you are also becoming a b-corp corporation and could be the first one to go public?his mean? >> we are a certified b-corp which is a certified -- testfied -- certification on how you treat the community, employees, and environment so we get a score. we are certified but what it means is that we really believe that business can and should create social good. in our case, the social good is built into the business model. when you sell on etsy, ray .5% ghost was but 9.5% goes of the community. there was a statute in delaware this past august in which you can become a legal benefit corporation. it is distinct from the certified b-corp but it's something we're taking a look at. >> you have done so much to grow the maker movement. how much do you think that movement can help the overall economy? >> i think quite a bit. itn we look at etsy, represents a whole generation of micro-entrepreneurs. these are people running small production facilities inside their houses and generating economic impact. in our case, $1.35 billion around the world. with platforms like etsy, largely

jones, how would you comment about the marine corps's work of pacification of the hamlets in i corps along the dmz and secondly could you give us a feeling for the work that komer did and how does that work to the writings and work of general petraeus? >> i assume you're talking about the combined action of the potenza and how that worked. i will talk from robert komer in general westmoreland's view. a great idea and a great deal of respect for what the marines were doing in that area in the eye corps area but a concerned and the concern was that when you have so many thousands of hamlets how do you have enough u.s. capability to match up with the vietnamese popular forces to a degree that you get courage and there was a concerned that those were manpower intensive capabilities that the marines had and could you duplicate a rapid rate that throughout vietnam? it was a real difference of opinion here between how the marines saw the action of pacification and how the army did and cromer tended to view that was an excellent process but it was limited in scope and couldn't be done. in te

that takes us from the marine corps point of view, what percent of your budget is personnel costs? it is 63%. >> navy? >> about a third. >> 48%. >> 48% with military and civilian together. >> we are looking at prospectively redesigning retirement. correct.s >> i want to make retirement more sustainable and efficient but still generous. the real issue is tri-care. are think the big three pay, tri-care, as well as be a we are going to be looking at making the pay benefit system more sustainable yet appropriate for the sacrifice. you are asking the congress to be a partner in this. we need to keep an open mind. we have got to get a handle on this because over time, tri-care becomes a larger part of the budget. >> that is correct. >> very much like medicare. we will have to deal with the cost of health care in a responsible way. if we make these changes and we package, how much money do you think it would save over time? submission that we have -- the goaloposed is to slow down the growth so have a different model. each service would probably be better able to answer that question. >>

corp.the earlier this week and we covered what used to be another part of the business in fox. this part of the businesses some of the slower growth businesses, newspapers, the publishing assets, earnings per share look easilyey are $.11, beating estimates of three cents. story -- thetant revenue story a little better than what wall street was looking for. 2.06 was the estimate. ofyou look at the core part where the revenues are coming from, it's coming from the news, news services, dow jones, the wall street journal, whether it's through subscription or through the advertisement they generate from selling a paper, 1.5 revenue is roughly billion dollars. it down year over year and publishing business getting harder and harder. the same story laid out last year. on the publishing side, the million,oughly $354 which seems to be down substantially from last year. >> thank you very much. by nickoined on set cole is him and talking about the overall health of the consumer what it relates to same