i can't season whether there was a request for the information i can by talking to mr. chang and others was that when we were requested for the information we provided it to them after the appeal period the 15 day appeal period as he required by the board to based on that information the only recourse we see from the parks prospective is ask the individual to request jurisdictional requests in order to reinitiate the appeal process and timing that's all the information i can provide >> two questions. one is why was this permit rae issued >> excuse me. >> iowa's why was the permit reissued on may 2nd it's the same permit number. >> that i'm not sure about. one of the things that is within the our database is when we provide a permit status change the system automatically adjusts itself so if we take it from a paragraphed status it takes the latest approval date and places it on the permit itself even though the original permit was approved at an earlier date >> what happened. >> that i'm not sure. >> second question was refresh my memory i understand about a mirrores vacation

mr. clean changed it for everyone. cool. >> yeah, i think i'll pass on that one.brown, and this is "early today," we hope hope it's just your first stop of the day on nbc. ♪ [ male announcer ] if you can clear a table [ sneezes ] without lifting a finger, . . . . p. . . try zyrtec® for powerful allergy relief. and zyrtec® is different than claritin® because it starts working faster on the first day you take it. ♪ zyrtec®. muddle no more™. [ female announcer ] and now introducing children's zyrtec® dissolve tabs for full 24 hour allergy relief. revlon colorburst™ matte and dissolve tabs lacquer balms two moisture rich finishes velvety matte and high shine lacquer each infused with moisturizing shea, coconut and mango butters... find your finish. revlon >>> leading the news from nbc's southern california, man pleads not guilty to stalking sandra bullock. police say joshua james corbett broke into her home on sunday. he is charged with felony possession of a machine gun, although prosecutors say he didn't have the gun while on bullock's property. >>> and yahoo! news,

change the part number. is that correct? is that what your report says? >> mr. degiorgio told us he did not change the part number and as he looked back at it, he reflected he should have changed the part number. >> okay. apparently, obviously, that is very important. you have a part number change, that creates a paper trail. there was some sort of a problem that had to be corrected. if you are doing an investigation, you can compare from that time forward, see if the problem was fixed. now, i want to direct your attention to the big binder that we have right between you and miss barra. on tab 35 -- >> 35? >> yes, sir, 35. there's a chain of e-mails between mr. degiorgio and engineers at the switch supplier, delphi and other gm employees. attached to that exchange is a spread sheet of upcoming changes to the delta ignition switch. can you locate that? >> i think i have it, yes. >> okay. now, it's interesting to me that these e-mails, the subject is not anything that is safety related. the subject matter is delta ignition switch changes, tooling tweaks improve pro

but did not change the part number. and mr. valukas, in your report, you observed that the decision to not change the part number was not properly vetted or scrutinized. you note that a mr. digiorgio did not explain why he did not change the part number, is that correct? >> mr. digiorgio told us that he did not change the part number and as we looked back on it, he reflected that he should have changed the part number. >> apparently, obviously, that's very important, because you have a part number changed and that creates a paper trail. there was some sort of a problem that had to be corrected. and if you're doing an investigation, you can compare and from that time forward, see if the problem was fixed. now, i want to direct your attention to the big binder that we got right between you and miss barra, and on tab 35. >> 35? >> yes, sir. 3-5. >> give me a moment. >> there is an april 5th chain of e-mails between this mr. digiorgio and engineers at the switch supplier, delphi, and some other employees. that attached to that is a

another message to mr. chang through college the some of the win definitely devastating.tournedos boast both massive and violate barrel to the state. obliterating practically everything were heavy rainfalls caused substantial flooding our rivers and lakes homes cars and businesses which could get a masai's could but the water came became fast. when an to the notes and get a foot. fosa top security official say refinery. meantime.the c-i-a and other spy inspired militant group "isis". syria iraq in 20-11. hill in the bay area will cool things back off as we get a thing to talk about does the cloud covers just about nonexistent. there's a lot a warming temperatures around the bay right now let's take a quick look conquers above the 60 degree marmalade was well fremont and haywardmore than 40 people are missing this about their entire bay area is now warming above 60 degrees and yocks been that way for the good mood part of the morning. effect is to take a quick tour of the bay will show you that morgan and be in the mid and upper 80s in the south bay. to the east the delta

along this theme, keep the name, change the mascot to mr. potato head. miling red -- logo to a smiling red potato, a poe pa potato, i woull them washington gridlock, in arkansas, pork barrels would represent our congress. roy, remove the name washington just call them the redskins, the name washington is a disgrace. paul, washington demagogues, harry reid can be their mascot, the washington republicans in honor of reid. then the irs, most powerful government agency on planet loses e-mails this gets worse, it happened before. pam, not buying it one bit. cal, hey, irs, i lost all my records sorry, we'll see how far you get with that cal. jeff, neil, you bone head, if anyone wants irs e-mails ask nsa for them. well despite your cheap shot, i think that is brilliant. but don't expect irs commissioner to acol nize for this -- apologize for this. >> what i didn't hear in that was an apology to this committee. >> i don't believe an e-mail is owed. neil: oh, no you didn't. rick unger did not see reason for an apology either. just another air grand stupid democrat

mr. president. changing direction a little bit, i'd ask this statement i make now appear at a separate place in the record. the presiding officer: without objection. mr. reid: mr. president, we've all seen the old cowboy western movies that saw some unfortunate character getting into quicksand, either pushed, fallen and they try everything they can to get him out. it's always the same scene in those movies, an unsuspecting person winds up in quicksand, panics, flails around, and each time he does that he gets deeper and deeper into this earthy liquid. fortunately a hero always comes to the rescue. sometimes it's late, a rope or a branch or something to pull him out of the quicksand to safety. mr. president, that happens once in a while, but not very often in real life. in america today, millions of americans are caught in financial quicksand and looking for a helping hand to pull them to safety. more than 40 million americans, in fact about 45 million americans have student loans. as their debt mounts, they

change the part number. is that correct? is that what you're report says? >> mr. degiorgio told us he did not change the part number and that is a looked back at it and he reflected that he should've changed the part number. >> apparently and obviously that's very important because you have a part number changed and that creates a paper trail with some sort of problem that have to be corrected and if you are doing investigation you can compare and from that time forward see if the problem was fixed. i want to direct your attention to the big binder that we have got right between you and ms. barra and on tab 35. >> 35? >> yes sir 35 there is an april 5 chain of e-mails between mr. degiorgio and engineers at the switch supplier delphi and other gm employees. attached to that exchange is a spreadsheet making changes to the adult ignition switch. can you locate that? see i think i have that, yes. >> it's interesting to me that these e-mails the subject is not anything that is safety related. these subject matter is increased process capability and then it goes in the e

mr. digiorgio was aware of this change, rather than the vehicle chief engineer? becauses significant mr. digiorgio ultimately made the decision to change the part. him, henterviews with said he was not aware of the fact that this is an issue. he was not aware of the publicity and the e-mail traffic concerning this. we had information that was not the case. the chief engineer's responsibility? >> within the company? i do not have an answer for that. i will be happy to submit that information. >> do you know? >> the chief engineer is responsible for the overall integration of the vehicle, making balance and trade-off decisions for that vehicle. raised to him, he or she will deal with that. >> what knowledge should show in theshould someone chief engineer position have, compared to mr. digiorgio? would it be reasonable the vehicle chief engineer should have known about this situation? in aere are 30,000 parts car. the chief engineer has to count on people doing their job. engineers validation that were added to make sure the process was done well. product integrity o

mr pot ipinger. >> i think approximately change the picture. the issue of how much power the government can have or the white house, the president can have, verses the senate is an issue that that is never been changed. as mr ens -- eps says, the court is skeptical about expanding the power. >> they could rule that the senate is in session until it says it's not. >> i think that's right. form sometimes matters. it may be a questionable sues of the senate's power, as opposed to a reel dynamic session. where do you draw the line. you'll defer to what the senate believes it's doing. >> this will not have an immediate impact, will it, mr eps? >> no, it's not likely to. we have a quorum, we had rule changes in the senate so fila busters are less than a problem. if the senate changes hands in november, and president obama is facing a republican senate the recess appointment will be hot. thus it's really important to see how broad a ruling the court comes down with. >> another high profile case, hobby lobby. this started with the affordable care act.

but did not change the part number. and mr. valukas, in your report, you observed that the decision to not change the part number was not properly vetted or scrutinized. you note that a mr. digiorgio did not explain why he did not change the part number, is that correct? >> mr. digiorgio told us that he did not change the part number and as we looked back on it, he reflected that he should have changed the part number. >> apparently, obviously, that's very important, because you have a part number changed and that creates a paper trail. there was some sort of a problem that had to be corrected. and if you're doing an investigation, you can compare and from that time forward, see if the problem was fixed. now, i want to direct your attention to the big binder that we got right between you and miss barra, and on tab 35. >> 35? >> yes, sir. 3-5. >> give me a moment. >> there is an april 5th chain of e-mails between this mr. digiorgio and engineers at the switch supplier, delphi, and some other employees. that attached to that is a

mr. ballmer changes the legal considerably. if mr.ing were to pursue any lawsuit at the present time, drag hisinevitably wife into the suit and probably mr. ballmer, and mr. sterling was just not prepared to go there, which is why he has decided to move on. additionally, i think he the team, thet the fans, everybody would be better off with an immediate solution to the problem. >> what has mr. sterling told you about the team's future under mr. ballmer? >> i think he is looking forward to them being very successful and he wishes them well. >> thank you. the attorney for donald sterling who has agreed to the sale of the los angeles clippers to steve ballmer for $2 billion. >> a race for charity the jpmorgan host in 13 cities around the world will raise over $700,000 for charity. tonight is the new york city race. stephanie ruhle has a look at what it's all about. >> 30,000 runners are lacing up ash aroundmile d central park. >> we all work really hard so we come out for one night and play really hard. >> mary callahan erdos runs jpmorg

mr. kidwell begins to change his story. >> kidwell then admitted knowing rebecca barney and admitted he wasoping for a sexual encounter but said when fred barney accompanied them to the bar, it was clear to him the date was going nowhere. >> he told us that he was only there probably five to ten minutes before he left heading back to gore, oklahoma. >> ballistic testing revealed that kidwell's .22 caliber rifle was not the murder weapon, but records showed that kid well also owned a .22 caliber handgun, which police were unable to find. in kid well's dryer, investigators found two shirts. although they'd been washed, they still contained rust-colored stains. despite being washed and dried, analysts were able to obtain dna from the stains and generate a profile. >> they could not exclude rebecca barney from being a contributor to that profile and only one in 12,000 individuals in the general population would match that profile. >> but was kidwell's dna at the crime scene? the profile from saliva on rebecca's body was very weak, so analysts returned to the dna from rebecca's rape kit. because

latino america and canada so we have the world covered for you and now, of course, adding changing do we're honored that mr. mayor is here and the people from the general council from china and all of you are customers a lot of our important travel partners and media we're tliefrld i'm going to turn it over to our fabulous mc mr. mike. thank you, again everything that's a pleasure to be here. >> thank you dave hilton man. >> folks next up i'd like to introduce somebody who really is approximately to the city and done a fantastic job as our may be mayor he's the people's mayor folks i'd like to welcome mr. mayor meanwhile. (clapping.) >> thank you mike and thank you, david for m that wonderful delay when a with wasn't a that a great performance on that think name changing dave and i were joking he needs that skill for the business world i need it for our political world we're going to have to excel but i want to say congratulations to united you've been a huge part of our airport hub. >> thank you john and other chiang did you is one of the most important cities in china not only the fourth largest but its

change. we can't keep doing it the way it's been being done. >> i concur, mr. chairman. >> you're aware this committee has spent considerable time looking at the outbreak of legionair's disease in pittsburgh in the water system where it has been proven there were at least six preventable deaths? >> question, mr. chairman. >> during this time period, mr. moreland, who was in the director, had the responsibility of overseeing his facility and was given a one time $63,000 bonus. are you aware of that? >> i am aware of it. >> during questioning at a september 9th field hearing in pittsburgh, then secretary petsle told this committee that it was his understanding that secretary shinseki did not have the authority to rescind the bonus that he would look into that. are you aware of that. >> i am, mr. chairman. >> did anyone ask you about the v.a.'s authority to rescind bonuses prior to ms. hellman's case? >> no, mr. chairman. >> anyone ask the office of general counsel? >> mr. chairman, i'm not aware. >> it's safe to say dr. petsle then sought his own legal counsel on

mr. carton's loss change the dynamic in terms of getting -- >> well, i called mr. cantor this morning. i have not yet talked to him. but i certainly intend to work with him on -- we'll have to see what the context is, continue to do that. i make the occupation, you know, i've worked with a lot of leaders on the other side. i've worked with trent lot, i worked with tom delay, i've work with roy blount, i've worked with eric cantor. it seems we have a lot of people. i'm going to work with whoever is there. because the export/import bank, the reason it's part of the make it in america agenda is if we're going to be competitive, if we want people to manufacture things here creating american jobs here, for our constituents, then we want to make sure that we are competitive worldwide and without the export/import factor we won't be. mr. cantor believes that. i'm hopeful we can continue to to work on that. when it came to the floor and we voted on it, as you know, it got over 300 votes. it got the majority of republicans and every democrat voting for it when we authorized it. i think the reau

. >> reporter: now the administration has signaled plans to change that law, mr. obama wants to speed the deportation and higher more immigration judges and built facilities to house the children. bolderrer patrol has caught 52,000 kids since october. the number has overwhelmed the federal government and expected to grow. >> the fact is these are children, children and families. we have a moral responsibility to address this in a dignified way. the president is expected to ask congress for money to temporarily house mothers who bring their children illegally over the border. abc news, washington. >> a california family's nanny nightmare may be nearing an end. the family fired diane stratton but she refused to leave the home. she offered to move out under her own conditions. according to her lawyer she said she could be out by july 4. but the family said that won't work because they plan to be out of town. it is unclear if the nanny will leave on her own. >>> a man was caught on cell phone video riding on the trunk of a car speeding down an interstate in charlotte,

should say the president should have versus the senate is an old major issue that has never been changed. as mrepps says, the court is skeptical about that use, expanding that power. >> the senate is in session until the senate says it's not in session? >> i think it's right. because form sometimes does matter to the court. in this case it may have been a questionable use of the senate's power to stay pro forma in session as opposed to a real dynamic session. but where are you going to draw the line? so you're going to defer to what the senate believes it's doing. >> but this won't have an immediate impact will it mr. epps? >> no it's not likely to. we have a quorum of why confirmed members on the nlrb. filibusters is less of a problem. but if the senate changes hands in november and president obama is facing a republican senate for his last two years the recess issue will be extremely hot and thus it's really important to see how broad a ruling the court comes down with. >> another high profile case, hobby lobby versus se bea sebel. >> that requires certain employers to provide 20 types of dif

mr. degorgio ultimately made the decision to change the part. and in our interviews with him, he said he was not aware of the fact that this was an issue, that he was not a wafware of th publicity and eve-mail traffic while we had information that that was not the case. >> what is the chief engineer's responsibility? >> within the company? i do not have an answer for that. i'll find out and be happy to smi submit that. >> the chief engineer is responsible for the overall integration of the vehicle and making the wall and tradeoff decisions for that vehicle. and if issues are raised to him, then he or she will deal with that. >> what knowledge should someone in the chief engineer position have about the vehicle compared to someone such as mr. degorgio? would it be reasonable that the vehicle chief engineer would have known about this situation? >> again, there are 30,000 parts on a car. the chief engineer has to count on the people doing their job. in the mid 2000s, there was validation engineers that were added to make sure the process was done

mr arjuna called me change his mind on the economic agreement that russia as one of the consequences of ukraine joining this pact with the european union russia will have to cancel this duty free regime with ukraine and that would mean a significant blow to the ukrainian economy which is already struggling because sixty percent of ukrainian experts go either to russia or to kazakstan or to belarus is the e.u. ready to compensate for that loss of revenues because i mean we can talk about while use the for valid long time but let's talk about money i think what ukrainian ukrainians need now money and revenues where those revenues that ukraine will lose in associating with europe will come from work first of all there is no determinism in economy an economy you negotiate an economy as they say. we cannot go into the details of the association agreement but i can see with all respect that it's not up to all what you are presenting this is not an either or russia has taken a position and i hope that the the negotiation with the presently on the table and progressively and the platform tha

chang. kareen woods, and christine palosy. speaker: good afternoon, mr. chairman, supervisor's campus and tang. my name is jillian chang and i ride today in support of leslie's reelection. i met leslie when she was the supervisor for the equal of same seshgs partners in san francisco extending into the corporate world. at that time it was a controversial and innovative thought to make parity for same gender couple to be treated and now we know that it is the norm in san francisco and it has led the nation in thought leadership. leslie has a vision for the city. she's a great stewart of all the resources making sure the oldest time resident of san francisco to the newest worker and also the companies that provide the vitality and the economic power for san francisco to continue to grow are all taken in and given consideration with our san francisco progressive valleys. i can't think of a better stewart for this jewel of our port and our water front than leslie cat, so i respectfully ask for your aye vote in reaffirming her appointment to the port commission

mr. gris well. seeing none, public comment is closed ms. chang any other business before us >> no other business. >> thank you, everyone this meeting is >> we're here to raise awareness and money and fork for a good accuse. we have this incredible gift probably the widest range of restaurant and count ii destines in any district in the city right here in the mission intricate why don't we capture that to support the mission youths going to college that's for the food for thought. we didn't have a signature font for our orientation that's a 40-year-old organization. mission graduates have helped me to develop special as an individual they've helped me figure out and provide the tools for me that i need i feel successful in life >> their core above emission and goal is in line with our values. the ferraris yes, we made 48 thousand >> they were on top of that it's a no-brainer for us. >> we're in and fifth year and be able to expand out and tonight is your ungrammatical truck food for thought. food truck for thought is an opportunity to eat from a v

mr. speaker, climate change. let me say those two wrds again because i know that many of -- those two words again because i know many of my colleagues tend to stick their heads in the sand when they hear them, climate change. i think it's important to say a few things. we know that burning fossil fuels releases carbon dioxide into the atmosphere. we know carbon dioxide traps heat. we know the level of carbon dioxide in our atmosphere are higher than they've been in 8,000 years. we know nine of the warmest years since 1880 have been in the last decade. we know that last month was the warmest month of may ever recorded. but to hear some of my republican friends, we should just move along. nothing see here. nothing to worry about. no need to worry that the arctic ice sheets are melting, leading to rapidly rising sea levels. no need to worry about more severe and deadly weather events. no need to worry about impacts to energy prucks. at best you'll hear them say the science is still unsettled. it isn't. it isn't. cli

mr. ballmer changed. >> he changed a lot. major league soccer. sounders worth 175. >> soccer club. call themselves the new york city football club. >> we want to tease ahead. joining us in the next hour is the co-owner of the new york giants, jonathan tisch. lex i think stephen ball mark of holiday greetings from jonathan tisch. photographs. >> we have three. starting with number three. going down to melbourne australia. at least 80,000 homes lost power due to gale force winds. heavy rain and snow. that is pretty intimidating. reminds me of hurricane sandy. number two, u.s. secretary of state john kerry visiting iraqi speaker of parliament. this is all about diplomacy. you would love to be there. the press not allowed and a lot of the meetings. that is what it takes in times like this. number one photograph, going down to rio de janeiro. look at that. beach.oa cabana world cup fans watching the live broad cast of yesterday's brazil cameroon match. coordinated that brazil did that. was espn.ner if you look at ratings, average of 18.2 million tuned

. ♪ >> i am emily chang and mrs. bloomberg west -- and this is bloomberg west.back with a special roundtable of just talking about the importance of design at apple. back with us, cory johnson. i want to talk a little bit about the presentation today. who presented, who didn't present, and what it means. we heard from tim cook. nothing from johnny ive. >> phil is heading up. the two folks that did design -- iose who did the innovation. he is represented by his team. what we're are seeing is a rotation of some rush faces each year -- fresh faces each year. we are seeing people that we don't see frequently. there was a concerted effort to show it is a team effort. >> there are no stars/ ? stars. are all --othy and any contributors there is a conscious effort. t likes johnny no the stage? >> no. that is why he is on videos. you will make a short video talking about the design challenges and what it is. he tends to do a little bit of designer speak. >> today there was no video. >> they will save him for the industrial design. like a huge underused asset because he i

mr. fry it's a significant change to the page. >> tim frye department staff we have i believe you can handle it here you will have to rise the conditions of the approval in the finding of the motion we have a revised motion to pass out by the but it will still need tweaking we can do that. >> if we can have a distributed any other questions or comments while we do this. anything. commissioner johns >> as i understand it those standards are enamel; is that right. and where i'm if you drill through enamel when you fill them how do you take care of a surface that looks good? >> their paint but not enamel. >> the posts are cast iron aren't they. >> but what's on top of the cast iron. >> the coating. >> i don't know if that will crack it's the natural thing to crack. >> let's assume it cracks what then. >> in speaking about there is graffiti and people trying to mark it so i think this is a question that they need to get answered slow another department that we have a good plan that we know what's happening. >> do we have is prepared detail by the project sponsor that's in your pact and one condi

mr. frelinghuysen: it proposes to change existing law and constitutes legislation in an appropriation bill and violates clause 2 of rule 21. the rule states in pertinent part, the amendment to a general appropriation bill shall not be in order if changing existing law, requires -- the amendment requires a new determination. i ask for a ruling from the chair. the chair: the gentleman from florida wish to be heard? mr. grayson: yes. there is no new determination under this amendment. i call your attention to the specific language. it says none of the funds made available in this act may be used to make aircraft, including unmanned aerial vehicles, grenade launchers, toxilogical agents, including chemical agents and associated equipment, guided missiles, ballistic missiles, rockets, torpedos, bomb or nuclear weapons, quote, as identified for demilitarization purposes as outlined in the title. all the terms that i just described are as identified for demilitarization. since they are in-depth of defense manual, they require no new determination of law. available to local law enforcement agencie

mr. president, you don't just change policy all of a sudden and trade knifed terrorists who have blood ofan soldiers on their hands for one guy this quickly, especially with the timing of this that a lot of people haven't wanted to deal with. the timing of this everyone should be looking at and scratching their head. >> if this had been going on for five years -- >> a resignation, for five years. >> clearly members of congress knew this was happening. you said it yourself. >> no, they didn't. that's the whole point. >> you can keep talking if you want because i know you have things you want to say. we'll get into again later. we've run out of time. ben ferguson and maria cardona, good to have you both here. >>> professional golfer phil mickelson is in the news, being investigated by the fbi. >> but he's not alone. then i get a little bit hungry ♪ ♪ and there's nothing good around ♪ ♪ turn around, barry ♪ i finally found the right snack ♪ [ female announcer ] fiber one. if yand you're talking toevere rheuyour rheumatologistike me, about a biologic... this is humira. this is humira helping

this package will never change. mr.e the flavor. >> then what would you call the brand? >> you know, if i just was kind of brainstorming and coming off the top of my head, you know, why wouldn't you call it keyport creamery? the keyport creamery is an emanuele family company, right? very nice underneath, and we offer since 19... >> both: '68. >> '68, the most fantastic line of green tea ice cream, ginger ice cream, red bean, but we've now started to expand into... >> both: solo gelato... >> and... >> mochi. >> mochi, and whatever else you decide to launch. >> you're right. >> yeah, i-i like the ideas, yeah. >> i've arranged for michael and richard to have a call with the bank, so they can negotiate for the building we saw the other day. >> so what do we want to do the initial offer at? >> i think we have to offer at 200,000. >> 200,000? >> right. >> and we'll sign the check today? >> yes. >> is that what we're telling them, yes? >> yeah, it will be a done deal. [dial tone] [dialing] [line ringing] >> hello, this is niko

mr. president, that's changed. over the years quite remarkably. we all look to senator mccain as someone who certainly understands what it means to be in a conflict in a war, but, mr. president, things have changed since we lost medal of honor winners and in a way by virtue of his passing bob query as a result of his retearing -- bob kerrey as a result of his retiring, fritz hollings, ted stevens flew airplanes into the far east, a dedicated and heroic pilot, and lots of other people. there aren't many people left today. that's why i focus attention on the presiding officer today because you are a representative of the best of the people who fight for freedom. mr. president, on june 6, 1944, president franklin roosevelt began his national radio address in a very unusual way, one not entirely common then or now, because the commander in chief, the president the united states, asked the in he were to join him in prayer. why did he do that? his prayer was not for himself but for the 156,000 allied soldiers who, as he spoke, were fighting on the beache

change. we can't keep dollar it the way it's being done. >> i concur, mr. chairman. >> you're aware this committee has spent considerable time looking at the outbreak of legionaire's disease in pittsburgh, where it has been proven there were at least six preventible deaths. >> yes, mr. chairman. >> during this time period mr. moreland, the director, had the responsibility of overseeing this facility and was given a one-time $63,000 bonus. are you aware of that? >> i am aware of it. >> during questioning at a september 9th field hearing in pittsburgh, then the undersecretary told this committee it was his understanding that secretary shinseki did not have the authority to rescinds the bonus but he would look into that. are you aware another of that. >> i am. >> are you aware of anybody else request questioning the authority to rescent bonuses. >> no, mr. chairman. >> anyone ask the office of general counsel? >> mr. chairman, i'm not aware. >> safe to say that dr. petzel thought his own legal counsel on the matter and never looked it's at up. >> i would assum

i change mr. chairman. >> thank you mr. chairman. i also want to thank you for holding this hearing. very interesting getting prepared for it. both senator levin and makin' offered complex. there's no doubt what's happening in terms of trading is highly complex. from my standpoint having been an individual investor, i think the primary solution is in increases competition and transparency so we really understand what's happening. because it is complex it's difficult to fully understand. i'm hoping this hearing will really lay out the reality of the situation. as an individual investor who has bought stocks i used to have to pay hundreds of dollars to buy 100 shares of stocks. now i pay about $10. so i real dlo hope that this hearing conveys what exactly is going on in the marketplace. what benefits have come to consumers over the years. what dangers may be out there but the bottom line is that this hearing should be about restoring confidence. it doesn't create it if we are trying to create a sense of fear. the best way to ensure con

a check of weather from a man that's had a name change. he is mr. friday. [ laughter ] >> i am mr.riday today! yeah. this is the day before i go on vacation. how about that? >> it's not hot enough around here, i'm going to the desert. it will be hotter there. around the bay area today we are starting out with some dense fog early on this morning but looks like that will give way to sunshine into the afternoon. the clouds pretty thick. high pressure overhead compressing down to the surface so out along the coastline this afternoon, still a couple patches of fog and 60s there. 70s and 80s into san jose. and here come the hot 90s in some of the valleys. so a change in the weather the next few days and temperatures going to get a little uncomfortable in some parts of the interior. 50s and some 60s even right now. by the afternoon, up to 90 in livermore. 89 in fairfield. 83 in san jose. about 68 and mostly sunny into san francisco. let's check the roads with elizabeth. >>> we are getting a check of mass transit, as well. thank you, lawrence. and it sounds like there's better news for mu

staff should just deal with that on a one of basis or prepare others changes to consider as a package? >> i did want to hear more from mr. syncountry you said over the next several months we're loovnth more changes and those are inevitable. >> the supra is something we have to work on. >> i'm in agreement with commissioner keane the more notice we can give the candidates i'll support moving forward with the decision one .1. and just hold off on actually having a full resolution to remove it non-enforcement >> on the point about whether the staff should work up whatever multiple changes to sequa do you think we should wait for that. >> i don't see a reason it seems like it is extra work when we can't enforce it that will be inevitable work that will happen within the next 6 to 9 months i'd rather give them the opportunity to make the changes all at once and move for a resolution just not enforcement now and not have them wait for the next 67 to 9 months. >> other comments from the commissioners. >> what commissioner andrews said sounds sensible. any public comment on that item? number 3? >> commissioner director of san f

mr. ratterman say change your view that the maker-taker schema, as you put it, creates an inherent conflict? >> no. >> mr. spreker also said the following, mr. farley, that maker-taker, quote, creates false liquidity. do you agree with that? >> i suppose i have a slightly different perspective on it. >> give us your perspective. >> so again, i come from a career mostly spent in the futures markets. and the type of liquidity and market making we most value comes from participants who will show up and buy from sellers and sell from buyers and actually engage in risk transference where they will hold a position for a period in time. fairly new to the equities markets now a year and a half in. what i see is there's a whole swath of market making that is essentially stitching back the 50-plus venues you mentioned earlier this morning. and there's many examples of participants who are buying and selling at the exact same price at the exact same time on different venues in part to capture maker-taker rebates. that's a different form of liquidity. i would choose different words than jeff did. false

but has anything significantly changed in the last three years in those three countries? do you know, mr. judd? >> i couldn't answer that. i have no idea. >> is there any evidence that anything has changed in those countries overwhelmingly that today the police is more corrupt than it was three years ago? do we have any evidence of that? >> nothing specific. >> so we believe that the conditions are about the same as they were in fy-09, fy-10, and fy-11, do we not? >> i'm just not an expert on what is happening in those locations. i know that the group -- i've synthesized the reports we've developed, that have been developed by our agents in the field. there are four major factors that are -- >> and what are those four major factors, quickly? >> it's the violence, it's the economic conditions or the lack of opportunity, it's the failed, you know, services, rule of law, et cetera, and there is open source reporting. we have our own reporting that says people are under the belief, whether it's been promoted by smugglers or others, that there is some kind of benefit to being -- >> but those