farr. mr. farr: thank you very much. the chair: the gentleman from california is recognized. mr. farr: i rise in support of this amendment, as a co-author of it. i point out, this is six democrats and six republicans that are authoring this. there are 33 states, three of which have just passed laws and the governors have indicated they'll sign them. this is essentially saying, look, if you are following state law, you're a legal resident doing your business under state law, the feds can't just come in and bust you and bust the doctors and bust the patients and it's just -- let's -- more than half the states. so you don't have to have any opinion about value of marijuana. this doesn't change any laws. this doesn't affect one law. just lists the states that have already legalized it through medical -- only for meldcal purposes, only medical purposes, and says the federal government, in those states, in those places, you can't bust people. it seems to me a practical, reasonable amendment in this time and age. mr. fattah: i want to offer an opportunity to speak to the gentlelady, ms.

he is president of farr, miller, and washington. michael. >> hi, suzy. >> with all the fed speak today, it looks like interest rates -- i don't know when, but they are going to be going up. when that happens, what does that mean for the direction of the stock market, and what does it mean for investors and their portfolios? >> great question because we've seen the stock market kind of take a head-fake from previous fed warnings. a year ago when bernanke talked about the paper, the treasury market and the treasury yield went way up and the treasury bond fell off, and stocks didn't like it very much. once they began to taper, of course, treasuries rallied, yields fell, and the stock market has seemed to like it pretty well. i'm wondering if perhaps we're not seeing a bit of a repeat. they're now talking about hiking rates and stocks are pulling back. i think we might have a different experience when indeed rates start to rise. overall they're looking at the slack labor market is what bill dudley said in his comments today, and as long

bke] farrs,w lievwhatou d't kw ke wfor insud drers? t corage [rot] oh. k[pf.lk tfarms t corage d gesmarr abt yo surae. ♪e arfarms bu- pa dum m - m - m - m♪ intel is trying to call the to hoping that they were not here over night and know if they were trapped in the fire because crews did not obsolete and a blow the building. there but for much sunlight. this made them see as i team is prepared. bellwood open and as you can see the brett blaze of directed. open my front door and saw flames. i was down the street and i saw the flames shooting up >>: wind of the mysteries of how far that is. and what i did not know until as for this out or are my central hoss house whether it back out here live in to the extent of the damage to this mobile home. this community is part of cape cod villages with a single living community. everyone seems to know each other very well as with a huge concern for what happened to the to the residents of the hall that a fire department is still investigating our cause and origin of the fire this morning. what of that we're talking about

appropriations bill, along with my colleague sam farr, dan young, earl blumenauer, mr. mcclintock, brown, polis, stockman, barbara lee, amash and tight us. very simply, our amendment -- titus. very simply, our amendment would prohibit the department of justice from preventing states from implementing their state medical marijuana laws. importantly, this amendment gives us an opportunity to show our support and how we -- what we really believe about the 10th amendment to the constitution. and it gives us an opportunity to support the intentions of our founding fathers and mothers. they never meant for the federal government to play the preeminent role in criminal justice. it should be disturbing to any constitutionalist that the federal government insists on the supremacy of laws that allow for the medical use of marijuana. so far 28 states and the district of columbia, that's a majority of the states of the union, have enacted laws to allow access to medical marijuana or its chemical derivatives. they obviously believe enforcing such restrictions on the medical use of m

while the giants have been great at at&t so farr this season, inner league play has been even betterfor the g men. the orange and black swept cleveland this month and hoping to keep that in tap for the twins. they rolled into at&t center. pablo sandoval said i'll be the gauge for what's hot or not. three run blast over the bricks. fifth of the season, quickly 3-0, giants. bottom of the fourth, brandon hicks joining the hit parade be belting his eighth of the season, 5-2. tim lincecum found problems all night. the freak escapes for the fourth time. giants holding on. lincecum, six innings, five hits, two earned runs. giants improved to 4-0 in inner league play. >> you have to battle and i'm going to do my steve. the defense played fine. i got out of jams. ultimately it was an ugly win for me. i'll take it. >> a's manager bob melvin had bigger things on his agenda than baseball today. his daughter alexi graduated today. chip hale managing while he was at a graduation. steve polison took advantage. a two-run homer. 2-0, blue jays. onto the top of the fifth, 3-1, toronto. hitting foul. t

need a five-year horizon. >> even with the market at all-time highs, michael farr? >> the best rule is to invest when you have money. i mean, in 1998 the market was at all-time highs and it went up another 20%. it's really difficult to be out and to try and time this market. if you're going to be in for the long term you can do it. i wrote about it in my book "a million is not enough." toll the baby boomers seven or eight years ago they needed more money to retire on. get started now. index funds are great vehicles, but, please, start. think about your future. >> thanks. i just look at that. that caught my attention. constantly reminded how little people have done for their own retirement. >> 55% of the people surveyed didn't even know if they were in a 401(k) plan. that's too bad. joe bell, as we sit here on the crux of memorial day weekend, i think about those sectors that might pertain to our u.s. military, the defense industry has been, you know, downsized but yet those stocks have just continued to perform so well. i don't know if you've watched them at all, bu

bke] farrs,w lievwhatou d't kw ke wfor insud drers? t corage [rot] oh. k[pf.e] lk tfarms t corage d gesmarr abt yo surae. ♪e arfarms bu- pa dum m - m - m - m♪ wireless routers have certain speeds going in. but with our xfinity wireless gateway, you get more speed going out, giving you three times faster in-home wi-fi. got it. we know what to do. first, without xfinity. oh. oh. and now xfinity. [ laughs ] that's my tablet. was your tablet. [ female announcer ] the fastest in-home wi-fi for all your devices -- the x1 entertainment operating system. only from xfinity. the x1 entertainment operating system. [whispering] i'm the breakfast fairy. what are you doing? leaving you a few bucks. that's all you need for my - sourdough breakfast melts, with your choice of ham, egg and cheese, or bacon egg and cheese, both on toasted sourdough. right now they're 2 for just $4.00. there's no such thing as the breakfast fairy. woah, woah - you're right. uh, i'm jack. i just put these wings on and broke in through your window to leave some money under your pillow ohh, good. cu

let's ask gordon caplan, a partner at wilkie farr and gallagher. >> like a lot of us-based multinationals, they have a ton of earnings overseas and if they brought that back into the united states, they would be hit with a 35% federal tax and then state and local as well. there is a disinclination to bring cash earnings back into the u.s. pfizer has something like $70 billion in cash overseas. they would prefer, as would most companies in the same situation, to use it overseas so they do not have to pay the repatriation tax. and the deal with astrazeneca is part cash and part stock. the second aspect is the u.s. tax rate at 35% federal is much higher than the u.k. at 21%, and going down next year to 20%. the notion is that a u.s. company subject to a high tax rate would merge with a company in a lower tax jurisdiction like the u.k., and get the benefit of lower tax jurisdictions and lower tax rate. that is the notion of this in version and will probably be one of the largest inversions ever done. >> is this employment act for lawyers? >> it is a full employment act for tax lawyers. we can

farr: i think that an amendment like this is really important to invest in. we cannot really understand weather unless we understand the patterns of climate. climate change will impact trade. climate change will impact food security. climate change will impact national security. climate change will impact human health. it is imperative that we robustly fund noaa climate research in order to be prepared and adapt to changing climate. changing weather. thank you, i yield back. the chair: the gentleman from california yields back. for what purpose does the gentleman from new york seek recognition? >> i move to strike the last word. the chair: the gentleman is recognize for five minutes. mr. tonko: this bill is providing level fouchsd -- of funding for research through the national science foundation and nasa. but in the noaa, research is cut from last year's spending. there are a numb of us who believe we can improve weather forecasting without doing climate research. this is not the case. the distinction between weather and climate is created by the time period

bke] farrs,w lievwhatou d't kw ke wfor insud drers? t corage [rot] oh. k[pf.ge d gesmarr abt yo surae. ♪e arfarms bu- pa dum m - m - m - m♪ that week's upheaval led to this wal-mart and mountain view. i say what he has to say what reports it had relied and fremont racing is offscouring philosophy offset fifes theft ... at it i to now. it on darya of oslo and on our debt and a fried egg. front of are tough it tough erica serious scott we aren't far too warmer to to we can treat for it has rain overnight. ticket to see more of the desert and then to off actually fell his artistic risks right now to if this is san francisco off most of their land however as we eat. faugh faugh right now conditions for to the went deaf children of tracking aerostar weekend for if not let others take off of it coming up to 40 minutes. here is george. and forget our to our country as it looked at it pretty easy ride star this route of they don't st if for any hoss oslo your drive street for a quick new checks from the bay bridge toll plaza sureties interests westbound treat for our

our third district county supervise doreen farr, chancellor henry yang from the u.c. campus in santa barbara, dr lauri gaskin, the president of santa barbara's city college. carlos kenino the special agent in charge. los angeles office of the bureau of alcohol, tobacco and firearms, dr leslie lunt, who is with the santa barbara county alcohol, drug and mental health services, mark dearelli the captain and commander of the santa barbara office of the california highway patrol. jeff skoba, the assistant chief for coastal division of the californian highway patrol and lieutenant dave malard of the u.c. santa barbara police department. this is our second press conference to present information pertaining to the tragic mass murder incident that occurred last night in isla vista. this was a chaotic rapidly un folding and convoluted incident involving multiple crime scenes. investigators from the santa barbara sheriff's office and allied agencies have been processing evidence and investigating this occurrence throughout the evening, and up until the present time. additional

let's bring in michael farr and kenny from o'neill securities joins us on the floor of the new york stock exchange. kenny, i know you're fully invested and a little nervous. i assume you agree mr. tepper is correct to be nervous. >> i'm a little irritated, i can't get as much attention when tepper says things like this, waving a red flag. we're at all time highs on the market. we up 32% last year for the s&p 500. valuations are full. we're being fueled by trillions of fed dollars plus pretty good levels of deficit spending. the consumer doesn't have more earnings power, they don't have more money in their pockets, right? >> we saw that in walmart. >> exactly. >> yep. >> when you see that in numbers, you have to say, wait, the consumer is not driving this economy. it's inflated, staying up, the economic data aren't horrible. i think caution is definitely warranted and where i've been for a while in my multi national blue chips. >> yesterday, we felt like the market was starting to roll over a little bit, and we didn't get that much attention either. we understand that. >> i'm a little upse

bke] farrs,w lievwhatou d't kw ke wfor insud drers? t corage [rot] oh. k[pf.farms t corage d gesmarr abt yo surae. ♪e arfarms bu- pa dum m - m - m - m♪ are back. let's talk about the weather here at 533 and live look all sad. snowberries on the heels. the other guys were doing pretty good. for tonight's close guards in this thursday and as release from this hot weather. walking through what we're expecting what they plan to treat it like this morning and you have to work or school temperatures will be in the upper 50s low 60s. clear and smiled. by no time your this art form and up. 72 degrees temperatures and words of 89 to 92 degrees out by the beaches treat the cool down again closer to the beach and then as to head inland we do have a released on the way. have that with our 7 day around the bay. now on to treat still pretty quiet over and the traffic center career back tracking has bought these in the cast has a winning hand. these mostly coming from the e shore freeway in the macarthur maze plc much nimitz treated of drive times are still running about 9 t

have our second district county supervisor janet wolf, our third district county supervisor doreen farrfrom the uc campus in santa barbara, dr. laurie gas kin who's the president of santa barbara city college, carlos canino who's the special agent in charge of the los angeles office of the bureau of alcohol, tobacco, and firearms. dr. leslie lunt who's with the santa barbara health and human services. mark who's the captain and commander of the santa barbara office of the california highway patrol. jeff skoe ba who is the assistant chief for the coastal division of the california highway patrol and lieutenant dave ma lard of the uc santa barbara police department. this is our second press conference to present information pertaining to the tragic mass murder incident that occurred last night in isla vista. this was a chaotic rapidly unfolding and convoluted incident that involved multiple crime scenes. investigators from the santa barbara county sheriff's office and from allied agencies have been processing evidence and investigating this occurrence throughout the evening and up until t

bke] farrs,w ke wfor insud drers? t corage [bl ris] [rot] oh. k[pf. bke] lk tfarms t corage [bl ris] d gesmarr abt yo surae. ♪e arfarms bu- pa dum m - m - m - m♪ d gesmarr abt yo surae. whatoes at first spooul tte le?ok. hoy bunches oats. ching! mmmm! mmmm! mm! it's thoats. honey. yeah. hoy bunches oats. is ia grt cereal. lactai® is 100% real milk right. real milk. but it won cause me discomfort. exactly, because it's milk without the lactose. and it tastes it's real milk! come on, would i lie about this? [ female announcer ] lactaid. 100% real milk. no discomfort. if it doesn't work ft... you're on to the next tng. neutrogen® rapid wrinkle rair has the faest retinol formu to visibly reduce fine nes and wrinkles in just one we. neutrogena®. to visibly reduce fine nes and wrinkles in just one we. and odby to aed sar. oh ay, bodyse tse crberr >>george: will come back to the kron4 morning news at 510 were taking a look at the bay bridge toll plaza light traffic here for your westbound ride and currently no hot spots is lawyer commute your quick commute c

farr >> reporter: do you ever watch bill o'reilly on fox news?o'reilly brings information to the table. he has out landish ideas. >> reporter: you love farracon? >> got it. >> if this racism doesn't boil over, you may not be able to come to 125th. >> reporter: am i good right now? >> you're good. you know what i mean? >> we got to get that guy on the show. >> we can sign him now. >> he had the best line of the night, he didn't have enough money to be racist. >> they made that point a lot, though. you can't be racist if you don't have any money or power because -- >> that's the grievance industry, i don't have anything, and it's not my fault. i can't put words in people's mouths, but we don't have anything. we have to tell the folks that live in new york city, harlem used to be poor and bad but that thing built up now. >> a lot of great restaurants, traffic, people going to work. i was struck by how many people thought the naacp was a joke. almost everybody said they are not representative of us. they are after money and always try to talk down to

bke] farrs,w ct for insud drers? grabbed her. flying 300 feet before letting her go. ris] [rot] oh. [pf. bke] lk tfarms grabbed her. flying 300 feet before letting her go. [bl ris] d gesmarr abt yo surae. ♪e arfarms bu- pa dum m - m - m - m♪ to launch a startup from your garage. from computers, smartphones, and 3-d printers to coffee, snacks, and drinks to fuel the big ideas. yes, staples has everything you need to launch a startup from your garage. mo except permissio to use the garag thousands of products added every day to staples.com. even safety cones. now get 20% off your k-cup purchase with coupon. staples. make more happen. so safely whiten your smile with listerine whitening®. other mouthwashes just whiten tee. but only listerine whitening® both whins and restores enamel. new listere whitening vibrant®. power to your mout [ female announcer neutrogen® pore refining cleanse alpha-hydroxy and exfoliating beads work to clean and tighten pore so they can look half their siz pores...shrink 'em down to size! [ female announcer ] pore refining cleanse neutrogen® nex

officials say there have been no reports of injuries so farr. >>> this memorial day weekend has beenough. in chavez county, officials say nearly 5-inches of rain has fallen and that's the hardest rain in nearly 60 years. you can see it's caused a lot of flooding. sandbags were used, but it was an uphill battle. despwater, no roads were closed and there were no evacuations. >>> maybe you are sleeping in and maybe you are awake. it is a holiday weekends. how is the weather looking? here's robin with the forecast. good morning. >>> good morning, annie. yesterday was beautiful and today, you can pretty much expect to see the same thing, just a tad bit cooler. some of you will like that if you don't like the warm weather. the satellite radar is showing the storm track to the west of us. we are going to be staying dry and warm today and as we continue through the week, we have a system to the north of us that will start to work its way down to california. no rain for us, but we will see the sea windses picking up and cooler conditions. some of you will like that. for today, get out and enj

farr: thank you very much. i rise in opposition to this. i have been around when this national ocean policy was before congress. heard in the committee. in fact the commission that created it was created by congress. and it was -- members were appointed by president george bush. those members included members of the oil and gas industry and they came up with recommendations that we need to do the conflicts of sea resolution. that's what the national ocean policy does, gets all the federal agencies together. bought they are together and can talk about what they each do that are in conflict, it supports consistent with the gulf of mexico alliance which is supported by governor perry and the gulf state governors. it supports activities at texas a&m. they signed a letter opposing any legislation would undermine the national ocean polcy. it affects the texas coastal programs based in houston. they have also signed a letter in opposition to this amendment. local example of where national ocean policies worked as the army corps of engineers, navy,