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my platoon mom and the platoon mom of a lot of other troopers is elaine harmon. i hope yours here.applause] please stand. [applause] >> the truth is that there are a whole lot of platoon moms out there and a lot of others who really are so supportive of our men and women in uniform. we will show a slight evade realist and ceremony and talk about those great men and women who have their right hand in the air. people occasionally asking why in the world do they keep doing that, tore after tour -- to work after a tour, sacrifice after sacrifice. the answer is that they do it because they think that they are serving something larger than themselves. they do it for each other. and i do it, -- and they do it because americans support and appreciate deeply the sacrifices that they and their families are making on a daily basis to carry out tough missions in very hard spots against enemies that may be barbaric. they're also learning and adapting. i have tried to practice over the years to never take myself too seriously, but do take your work seriously. we do that as well. i want to start

next picture taken by tim harmon at his farm in middleburg, virginia.ust hope that he believes the snow as clean and white as he found it. tim also took this picture, some horses enjoying the snow in middleburg, virginia. here's a view of charleston, west virginia. at least o house out there. it's the home of charles washington, the half brother of george washington. sarah said it started snowing out there in charleston around 10:30 this morning. here we have a picture taken in fairfax. a humorous message for passers-by. it says warning, shoveling snow may cause a heart attack so get your neighbor to do it for you. another message, this one was in front of a church. it says whoever prayed for snow, please stop. >> too late now. >> it is a little too late now. somebody did the snow dance just a little too well. okay. there's a 2 1/2-year-old. that's wesley enjoying the snow in centerville. his mother sent his in. she said the snow is colored. she used food coloring to do that. >> that snowman has got to be left over from earer this week. >> yeah. if you

funds and private equity fund groups themselves have been pushing, as have clients, in order to harmonize that to a greater extent. there was also discussion about the availability of leverage and credit in the private equity world, because leverage is less available. that is pushing firms toward growth equity types of investing and backed -- and less leveraged deals. it also means significantly less purchasing power for private equity firms, going forward, and for hedge funds, there was an understanding that the relationship between their credit providers, which were the banks, the hedge funds have been some way changed. historically it has been the banks that were fearful of credit issues from hedge funds, and then it became hedge funds being fearful of credit issues with banks. that is an issue still being worked through. >> our final panelist is jeff zucker from nbc universal, representing the media, entertainment, and information sector. >> thank you very much and good afternoon. i would say in our group the feeling was that a year ago we were at the end of the world in on the proces

corporations want free trade, we can encroach upon the sovereignty of many nations to create a harmonized bankruptcy regime so that no country has to endure induced forbearance and too big to fail firms being bailed out over and over again. >> do want to start maybe the international and that we can go to discretion that there's so many topics there. >> robbery so many points. let me talk a little about his three deterrents of resolution, and then about the bureaucracy issue versus functional issue. so i agree that one of the keys is deterrence, and i think the most important deterrents is to have higher capital requirements and differently designed capital requirements. i think there's a consensus that we should have higher capital requirements, but people don't realize how badly designed the capital requirements are. we had one international agreement, and people spent 20 years in basel and they came up with basel i. bottle once said the capital requirements for bank, if you have normal loans, standard loans, is 8%. but if you have mortgage loans it's only 4%. and if you have mortgage-b

want to go in terms of have been sustainable uses of motions, maintain healthy oceans, but also harmonizing all of the different interests and uses. .. done at my request. to look at our enforcement activities across noaa and to give us feedback on how well we are doing and how we might do better. we take the report from the inspector general very, very seriously and have implemented a number of tests to address some of the problems i.t. flagged in that report. i have charged my general counsel, mueller schiffer, and my new assistant administrator for fisheries, eric schwab, with immediate responsibility for carrying out a set of ten things that i identified as the immediate tasks that we would take on. but also, leading the charge within noaa for evaluating how we can adequately respond to the problems that were highlighted in the inspector general's report and the need to be addressing some of those. thank you. mary, go ahead. >> just to answer quickly, in terms of the budget there is no increase in enforcement. >> okay, the questions. yes, another one over here. okay, go ahead. >> can yo

my platoon mom and the platoon mom of a lot of other troopers is elaine harmon. i hope yours here. please stand. [applause] >> the truth is that there are a whole lot of platoon moms out there and a lot of others who really are so supportive of our men and women in uniform. we will show a slight evade realist and ceremony and talk about those great men and women who have their right hand in the air. people occasionally asking why in the world do they keep doing that, tore after tour -- to work after a tour, sacrifice after sacrifice. the answer is that they do it because they think that they are serving something larger than themselves. they do it for each other. and i do it, -- and they do it because americans support and appreciate deeply the sacrifices that they and their families are making on a daily basis to carry out tough missions in very hard spots against enemies that may be barbaric. they're also learning and adapting. i have tried to practice over the years to never take myself too seriously, but do take your work seriously. we do that as well. i want to start today by

congresswoman jane harmon sits on one of the congressional committees.eld tens of thousands of dollars stock in toyota. she's announcing she will recuse herself and won't participate in the investigation of this company. other members with connections to toyota are staying in the game like senator j. rockefeller of west virginia, toyota sponsored and paid for in part a dinner where rockefeller was honored last year and toyota runs a plant in rockefeller's home state that created 1500 jobs and close to a billion dollars in investment. his staff says he'll stay with the investigation and be tough on toyota if he thinks they deserve it. but, john, let's be honest here. this is the way it works in every industry. they have a lot of ties to that revolving door of lobbyists. >> exactly. they are the ones who know how things work and have the access and connections. >> the toyota situation is not that unique in that it has such great deep ties to congress. >> let's go to the defense contractors. here's a little salt in toyota's wounds this morning. "consumer re

of oversight, working closely with international organizations and other national governments, harmonizing, helping to build regulatory pathways and other countries that have less short regulatory systems, and sharing the responsibility of inspection and the information that comes from them. this is a supreme priority for the fda, and we are in the midst of many many ways of making it happen. we are setting up permanent offices around the world, signing more than 30 agreements to enable us to share information from inspections and other safety information with other countries that have much for regulatory systems like ours. we are training regulators in countries with less experience and helping them to build capacity. we're not only improving the safety of products coming to our shores but helping other countries may help the improvements in the goods being offered to their rooms citizens. this is a form of health diplomacy, and it makes sense and a globalized economy where we are all connected to each other. my first big job and public health was serving as the new york city health commi

let's have harmonization. >> as we come to a close, we're reminded that, as the president is trying to pull together these very complicated political threats, there will be a number of extremely promising working groups. they will be working on automobiles, finance, energy efficient, renewables,. they will be coming together largely built around private sector initiatives, trying to understand what rules have to be changed to allow progress. what is this juncture between political people changing roles and the private sector bringing together expertise, and stimulating technology that has to be there? there will be a series of these during 2010 which may be the single most important contributors to the success of what happens in mexico and cancun toward the end of 2010. with a couple of minutes. i leave this to you, mr. president for a final word. >> thank you. my first point is that we need energy and momentum again. in order to do so, we need the support of society. we need the ngo's efforts again for cancun. i share your feelings about copenhagen. it was very disappointing. after th

of oversight, working closely with international organizations and other national governments, harmonizingtandards, helping to build regulatory capacity in other countries that have less mature regulatory systems, developing third-party regulatory systems and sharing the responsibilities of inspections and the information that comes from them. this is a supreme priority for the f.d.a. and we're in the midst of many different initiatives to make it happen. we're setting up permanent offices around the world. we have signed more than 30 agreements that enable us to share information from inspections and other important safety information with other countries that have mature regulatory systems like ours. and we are training regulators in countries with less sophisticated systems and helping them to build capacity. by doing so, we are not only improving the safety of products coming to our shores, but making other countries making healthy improvements to the goods they are offering to their own citizens. this is a form of health diplomacy and it makes sense in a globalized economy where we ar

. >> given the fact that we have harmonized the rules between the fbi and other agencies in the government including the military that the tools available for interrogation would have been very much the same? >> yes, sir. >> i think something else too. again, this is not a question of venues. it's a question more of how we combat these terrorists. a lot of them describe themselves as holy warriors. if we reinforce their self-described holy warrior description as trying them as essentially in a military trial and not a civilian trial, doesn't that reinforce what they think they are which is basically that they are not terrorist criminals? they are some type of holy warrior? >> i suppose that that's the case. i think that we are in a good place. when you have the ability to use both the civilian court system and the military commission and to be able to make decisions on how to prosecute an individual based on a case by case basis depending on those specific circumstances. the attorney general consulted with me in terms of the decision on the christmas day bomber. i told him i would defer hi

the first layer is where we need absolute harmonization on the global level. that is for all these aspects where we compete with each other. that is capital requirements, liquidity requirements. then you may have the second layer, then you may have for domestic reasons, different regulations, mortgage market in germany or the united states or you name it. and the third layer, and that is the more complicated one, is where some countries start adding new taxation for whatever reasons, or changing the -- now how you do that on the global level, first of all, what is the impact on efficiency of the global financial system and secondly, of course, what does that mean in terms of complexity for managing global banks? that's why i'm saying, in all these aspects, and i think we are in full agreement that things have to happen, but we need some sort of grandfathering or implementation, but we also have to ask ourselves, what is the trade ofoff and the tradeoff needs an impact study, not only on a corporate level for banks, but also on the economic side. we can stabili

. >> given the fact that we have harmonized the rules between the fbi and other agencies in the governmentcluding the military that the tools available for interrogation would have been very much the same? >> yes, sir. >> i think something else too. again, this is not a question of venues. it's a question more of how we combat these terrorists. a lot of them describe themselves as holy warriors. if we reinforce their self-described holy warrior description as trying them as essentially in a military trial and not a civilian trial, doesn't that reinforce what they think they are which is basically that they are not terrorist criminals? they are some type of holy warrior? >> i suppose that that's the case. i think that we are in a good to make decisions on how to prosecute an individual based on the case by case basis, depending on the specific circumstances. the attorney general consulted with me on the christmas day bomber and i told him i would defer to him on that. i think we eat -- we need to use both of those avenues, but it will depend upon the circumstances in each case. >> thank you

want to go in terms of having sustainable usage and maintaining the health the oceans, and also harmonizingthe different interests. the shortest answer that i can give on that front is to stay tuned, because this challenging issue is on the radar screen. we will be working through this in the years to come. are there other questions >> i am with the main society. you mentioned there were serious issues with enforcement. i am wondering if there is any increase in the request for enforcement. >> the inspector general for the department of -- the department of commerce has issued a report done at my request -- to look at the enforcement activity and to give us feedback on how well that we are doing and how we may do better. we take the reports very seriously, and we have implemented a number of steps to address some of the problems that he mentioned in the report. i have charge my general counsel and my new assistant administrator for the fisheries with the immediate responsibility for carrying out the 10 things that i identified that we would take on. and also leading the charge for the evalu

congress thought along with the leadership of this harmon and other folks that our ports and whole issue screening and the vulnerability is associated with not knowing what is coming into the country was a real issue and we passed legislation mandating 100% scanning by 2012. since that time, sick to recover before you had taken the position that it can't be done this budget reflects 40% decrease in resources to do that explain that to the committee, please. >> the money requested for the containers security initiatives reflect the fact that with increasing technology and increasing implementation of initiatives that were begun under predecessors that we can achieve the screening is necessary of containers and cargo with the templates to the rule which is now in effect with electronic records and what is in a cargo and what is now in effect the 24 hour notice of what is in the cargo which is now in affect all things that didn't exist really at the time that the 100% requirement was contemplated. so we have been addressing this from a risk-based and technology based approach to get to wher

let's have harmonization. >> as we come to a close, we're reminded that, as the president is trying toer these very complicated political threats, there will be a number of extremely promising working groups. they will be working on automobiles, finance, energy efficient, renewables,. they will be coming together largely built around private sector initiatives, trying to understand what rules have to be changed to allow progress. what is this juncture between political people changing roles and the private sector bringing together expertise, and stimulating technology that has to be there? there will be a series of these during 2010 which may be the single most important contributors to the success of what happens in mexico and cancun toward the end of 2010. with a couple of minutes. i leave this to you, mr. president for a final word. >> thank you. my first point is that we need energy and momentum again. in order to do so, we need the support of society. we need the ngo's efforts again for cancun. i share your feelings about copenhagen. it was very disappointing. after the state dinn

let's have harmonization. >> as we come to a close, we're reminded that, as the president is trying totogether these very complicated political threats, there will be a number of extremely promising working groups. they will be working on automobiles, finance, energy efficient, renewables,. they will be coming together largely built around private sector initiatives, trying to understand what rules have to be changed to allow progress. what is this juncture between political people changing roles and the private sector bringing together expertise, and stimulating technology that has to be there? there will be a series of these during 2010 which may be the single most important contributors to the success of what happens in mexico and cancun toward the end of 2010. with a couple of minutes. i leave this to you, mr. president for a final word. >> thank you. my first point is that we need energy and momentum again. in order to do so, we need the support of society. we need the ngo's efforts again for cancun. i share your feelings about copenhagen. it was very disappointing. after the stat

my platoon mom and the platoon mom of a lot of other troopers is elaine harmon. i hope yours here.[applause] please stand. [applause] >> the truth is that there are a whole lot of platoon moms out there and a lot of others who really are so supportive of our men and women in uniform. we will show a slight evade realist and ceremony and talk about those great men and women who have their right hand in the air. people occasionally asking why in the world do they keep doing that, tore after tour -- to work after a tour, sacrifice after sacrifice. the answer is that they do it because they think that they are serving something larger than themselves. they do it for each other. and i do it, -- and they do it because americans support and appreciate deeply the sacrifices that they and their families are making on a daily basis to carry out tough missions in very hard spots against enemies that may be barbaric. they're also learning and adapting. i have tried to practice over the years to never take myself too seriously, but do take your work seriously. we do that as well. i want to start

are steps being taken to harmonize policies and procedures and to improve division of labor and to reduceoser cooperation with the regional development books and fortunately we have an excellent set of presidents. they're a fine group across all of them. we have regular calls from our chief economists, our chief financial officers. we're integrating at that level. we're going step by step. as part of the governance anti-corruption efforts, we build sanctions and tribunals and others. it's a fixed cost. we are trying to work with some of the other developing institutions to see whether we can combine efforts. here is what should be a no-brainer. if we sank a company for corruption, why should they do business with somebody else in the developing world? there is a lot of opportunities in that. when it comes time to the capital increase, i think reality, jim, has forced all of them to say let's to scale down to see what well really need. we have been trying to look at the amounts, see the respective roles. you used a phrase about the division of labor, this is one you really have to customiz

want to go in terms of having sustainable uses of oceans, maintaining healthy oceans, but also harmonizing all of the different interests and uses. so, i think the shortest answer that i can give on that front is stay tuned. this challenging issue is on our radar screen and we're going to be working through it in the years to come. >> thank you. >> other questions? yes? over here. >> i'm naomi rhodes with the humane society. you mentioned that there were serious issues with enforcement. i haven't looked at the lines either so i'm just wondering if there's been an increase in the request for enforcement for 2011? >> the inspector general for the department of commerce has issued a report to me, dunn at my request, to look at our enforcement activities across noaa and to give us feedback how well we are doing and how we might do better. we take the report from the inspector general very, very seriously, and have implemented a number of steps to address some of the problems that he flagged in that report. i have charged my general counsel, lois schiffer and my new assistant administrator for

worldwide of oversight, working closely with international organizations and other national governments harmonizingstandards, helping to build regulatory capacity and other countries that have less mature regulatory systems, developing third party certification systems, and sharing the responsibilities of inspections and information that comes from them. this is a supreme priority for the fda. and where in the midst of many different initiatives to make it happen. we are setting up permanent offices around the world. we assign more than 30 agreements that enable us to share information from inspections and other important safety information with other countries that have mature regulatory systems like ours. and we are training regulators in countries with less sophisticated systems, and helping them to try to build to capacity. by doing so, we are not only improving the safety of products coming to our shores, we're also helping other countries make healthy improvements in the goods being offered to their own citizens. this is a form of health diplomacy, and it makes sense in a globalized economy w