mr. mark baker, president and ceo of the aircraft owners' and pilots association. mr. baker? >> >> thank you chairman ayotte ranking member cantwell, members of the subcommittee. thank you for inviting me here today. i'm mark baker, president and ceo of the aircraft owners and pilots association, a not for profit individual organizationing representing over 350,000 general aviation aircraft owners and pilots. my testimony today will make three key points, first that general aviation is a national asset struggling partly as a result of poorly presentative regulatory environment. second, general aviation safety has improved significantly and can improve further if industry and government work together. third, that the general aviation is a critical juncture where regulatory changes medical reform grass-roots efforts can strengthen this important industry in 2013, general ay united nations, or ga produced $219 billion in economic output and supported 1.1 million american jobs. but ga has experienced a significant decline in recent years, losing an average of 6,000 pilots per year

mr. mark baker president and ceo of the aircraft owners and pilots' association. thank you for being here, i look forward to your testimony. and with that i would like to turn it over to my ranking member senator cantwell. >> thank you, chairman ayotte and the witnesses for being here today. i look forward to hearing your testimony. i would especially like to acknowledge the families and the victims of the colgan air flight 3407 who are with us here today. thank you for your consistent advocacy and tireless work on behalf of a safer aviation system. the faa has implemented a number of safety improvements in the last five years including pilot training, safety management systems, flight and duty time requirements and pilot professionalism initiatives. we have moved the ball forward on aviation safety but we can not be complaisant with the progress we've made. we've built on efforts from the past, leveraged science and data and technology to make aviation safer but we have more work to do. one area of work remains is in the development of a comprehensive pilot recor

it could mark another business for tesla built on the back of technology originally designed for electric cars. tom: let's look forward. the bank of japan with changes. what mr. bakeryo. -- mr. abe. your twitter answers. where would you put real estate right now? this is a lot of fun. a wonderful bloomberg commodities panel. it was winner take all. now, the commodity world -- iron or down 50% since early 2014. she knows -- she holds one of the toughest undergraduate degrees known to mankind come a degree in chemistry. >> totally unrelated. i have no idea. it's been a long-winded journey. absolutely interested in what's going on in the commodity markets. massive dislocation. tom: the idea of the commodity boom oil -- is brazil done? is australia done? >> there is lots of skepticism about what happened. the demand story has been eroded. brazil, south africa, a lot of importers, russia -- exporters. is that demand story going to extend to developed markets? what we've seen in the u.s. with gdp yesterday and also around the story of the u.k. and other european countries showing lackluster growth. olivia: how closely is the commodity story tied to the dollar? there has