mr. elliott, i'm aware that alabama participates in the security program. can you elaborate more on that, mr. chairman? >> yes. and first of all i'd like to thank the state for participation in what we think is a very worthwhile program. at csx we believe that transparency is very important in building solid programs. it's a technology-based program that allows bon infusion programs and partnerships at several agencies and actually allow these agencies to see in a realtime format every train that's operating on csx transportation and to identify every commodity being transported within those trains. we think that's very important because often times states and federal agencies depend upon csx to translate information and you lose valuable time. the secure now program allows the state and federal homeland security centers to have this real-time access to all csx trains and commodities so if they get indication of a credible and confirmed threat they can see the rail commodities moving through their states on csx and take the appropriate action by contacting c

mr. elliott for five minutes. welcome. >> good afternoon, mr. chairman. i'm skip elliott and i've been a railroader for 25 years. i currently serve as vice president for safety and in that role i'm responsible for the environment hazardous material transportation safety, our railroad police department, homeland security and industrial hygiene programs. i'm pleased to be here for you today testifying on behalf of csx and on the transportation security administration surface transportation inspection program and on the topic of industry and remain deeply committed to rail security. immediately after 9/11 and well before there was a tsa or dhs, our industry moved rapidly to address the new threat environment and implemented a highly regarded unified risk-based approach to security. on the topic of transportation inspectors, tsa has enacted formal regulations and we support full compliance. that said, we have several concerns regarding the tsa surface transportation inspection program. first, csx is troubled by the lack of consistency on the regulatory require

mr. elliott? >> mr. chairman, i think it has to do with better coordination perhaps consolidation of the organizational construct, tsa as a focus on freight rail security. they shouldn't be separate. they should all be one single focused effort that focuses on surface transportation. >> why don't you do this for me? why did you fashion the question you want tended in writing, and i will read it verbatim for you. chief o'connor? short timer. >> short timer. i would ask the administrator if you would take a look at, within the organization on the surface security inspectors looking to partner with industry as they do in other areas of tsa. would you take a hard look at that. >> great. and for those folks who didn't get the short timer remark, chief o'connor is about to retire. and i'm proud for him. a little jealous, but he's been a great asset to come before us before and i appreciate. wish you well in your retirement and hopefully see you around here more relaxed attire in the future. >> thank you very m

mr. elliott, i would like to pursue further just for our own knowledge, what is occurring in tajikistan presently. how would you describe the relations of that country, with russia, for example. or with china. or with other countries that may have strategic interests in that territory? >> thank you, mr. senator. that's a very good question. having been a former country of the soviet union and sharing a border with china, tajikistan, i believe, shares a good relationship with those countries. but they also have a good relationship with us. as i mentioned in my statement, we have good cooperation with them on the northern distribution network, and they are doing a lot to help their neighbors to the south and also to help fighting crime and narcotics. we believe it's not a zero sum game in central asia ya. and that the countries of central asia need to keep good relations with their neighbors and with russia. we've also had good cooperation. i've served in embassy moscow. and our assistant secretary blake as part of our annual bilateral consultation, we've consulted in the region. i would say that t

mr. elliott said, but i would like to know some specifics of how this would be fixed. i do plan to support this measure, when it comes back in two weeks. i think it gives us a little time to make sure we do this right and our questions are answered. supervisor elsbernd: will call on the motion to continue the item to july 10. >> that is a three week continuance. on the motion -- supervisor kim: aye. supervisor mar: aye. supervisor olague: aye. supervisor wiener: no. supervisor avalos: aye. supervisor campos: aye. president chiu: aye. supervisor chu: no. supervisor cohen: aye. supervisor elsbernd: no. supervisor farrell: no. >> there are 7 ayes and 4 nos. supervisor elsbernd: the motion to continue passes. would you please read items 14 and 13? >> i am 13 amend the zoning map to change the height and bulk map classification along the drum street frontage of the property at 8 washington street. it makes the requisite findings. item 14 approves a general plan amendment for the eight washington street project. both of these are from the land use and economic development co

mr. mcguirk. ms. elliott? >> thank you, mr. chairman. ranking member rusch and senator lugar, as the chairman pointed out i have strong ties to the state of pennsylvania having been born there and my son is a student the at the university of pennsylvania but i also have strong ties to indiana having been an graduate of indiana university and live in muncie, indiana. so it's an honor for me to be here in front of you today. i don't have any to idaho. yes, i do, and i love them. i'm very honored to be president obama's nominee to become the u.s. ambassador to the republic of tajikistan. grateful for the trust and confidence that the president and secretary of state clin hto have placed in me. if confirmed i will work closely with you, the committee and entire congress to advance america's goals and interests in as it jeek st tajikistan. i would like to thank my wonderful friends, colleagues and family who supported me over my years in the state department. since recognizing tajikistan's independence and establishes diplomatic relations 20

mr. mcgurk. ms. elliott? >> thank you, mr. chairman. ranking member rusch and senator lugar, as the chairman pointed out i have strong ties to the state of pennsylvania having been born there and my son is a student the at the university of pennsylvania but i also have strong ties to indiana having been a graduate of indiana university and lived in muncie, indian if a. so it's an honor for me to be here in front of you today. i don't have any to idaho. yes, i do, and i love them. i'm very honored to be president obama's nominee to become the u.s. ambassador to the republic of tajikistan. i'm grateful

with robert proctor founder of elliott wave international and author of conquer the crash who can survive and prosper in a deflationary depression and before the break mr proctor we were talking about yields these record lows that we've seen for a ten year treasury yields as just one benchmark so you predict that ultimately we will see interest rates rise but in the interim how low do you think we could see these treasury yields go. well we think they're pretty much making bottom as we speak this is a different change of opinion over the past thirty years that we have many indications right now that they've gone a little bit. to the point where people are now embracing the trend as you know all last year and in the first few months of this year people just hated the bomb or they said this is the worst everybody knows rates are going up you don't want to know about bonds well now they're embracing them the latest figure we just saw from the d.s.i. the daily sentiment index on bunsen which is a poll of futures traders shows that ninety seven percent of them are bullish now the first time we got into the ninety's we last august it's been hovering in that

mr. chairman, members of the committee. i'm scott elliott and i've been a railroader for five years. i serve as vice president of public safety and environment for csx and inspiration and a natural one responsible for the environment as hazardous materials transportation safety of our railroad police the part of come homeland security and industrial hygiene programs to refine pleased to be here before you today testifying on behalf of csx and the association of american railroads on freight real security issues in general and on the transportation security administration surface transportation inspection program in particular. on the topic of post-9/11 industry security action, csx and the industry remain deeply committed to the security. immediately after line 11 attwell before, there was a tsa or dhs. our industry moved rapidly to voluntarily address the new threat environment and develop and implement it a highly regarded, unified, risk-based approach to security. on the topic of tsa surface transportation inspectors, tsa has enacted a formal regulations, and we support the goal o

mr. vice president, a joy to have you on the show. stay right here to enter the war room with jennifer granholm. thanks for watching. >> thanks elliott. i am jennifer granholm. tonight, polls close in wisconsin. >> an historic recall election comes down to the wire. voters in wisconsin turn out in record numbers. the final word in a race that has become a national bellweather. >> i think it's great people are excited about the process. obviously, there is a lot of passion out there. >> scott walker wanted to make this a national race because i think he has a desire to be on the national stage. >> they look at wisconsin and see america's battleground. >> tonight in the war room let's count them up. after all of the time, money, volunteers and contacts, it all comes down to this: who got more people to the polls? by all accounts, turnout for today's wisconsin recall election was huge. it's expected to be. you cannot believe this. 96% in dane county where madison is. unbelievable. in milwaukee, there are reports that some precincts are even running out of forms, ballots. one only had 10 paper ballots left at 6:00 p.m. there are no there

elliott university professor at harvard university. good morning to you, mr. summers. you, andrew. >> we all read your op-ed. it makes a lot of sense except one thing for me. here's the question. we are already overlevered. if we weren't overlevered, taking on more lever may sound right but make the case. explain why even in this completely overlevered world we're in, you're suggesting more. >> there's two separate issues the first issue that should be easy for everybody is that we can term out this debt and we can use it to reduce our future fiscal costs. if we do maintenance projects this year instead of two years from now and borrow the money at the negative real rates that are available, that puts the government ahead in budget terms. we take buildings that the government's leasing, that it's paying 6, 7, 8, 10% of the cost of the buildings and we buy those buildings right now, thens government's budget situation is better. who running any kind of responsible financial operation with the opportunity to borrow money at a rate of 2.5% for 30 years, especially in a cu

mr. clean to save his administration. six months later, they are going to come to terrible grief with each other. nixon on the phone said elliott this could take you all the way. and he is thinking of the way that his case had taken him far in politics. then he tries to push them a little bit, and he says, well, i'm not really sure you need a special prosecutor. i'm thinking you could do this yourself. and richardson said, well, mr. president, i'm not sure about that. and nixon, who meets him at them at this point does not want to overplay his hand. he says, you do whatever you want, i will back you to the hilt. you appoint whoever you like summit you can dig up charles evans hughes if you want. [laughter] to go back to historical fiction, there will never be a resource like the tapes available to another novelist. richard nixon -- i often work late at night, and he he is the last voice i would here before going to bed. it is a combination of shrewdness. there's also stuff on there, bigotry, long rants, stuff that could put you to sleep. then there are moments where he comes alive. and you think, what a waste of talent, it fina