SFGTV: San Francisco Government Television
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Feb 2, 2012
02/12
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mr. michael campbell, good afternoon. >> thank you. i am the director of cleanpowersf, often referred to as community choice aggregation to work in the sfpuc as part of power enterprise. i will be brief. taking the theme of this meeting here today. as you all know, we're very excited that the board of supervisors is set to take up the big parts of the contract approval. we hope to make cca a reality with the contract with shell for the power supply. and a contract appropriation for funds as necessary for collateral and to manage unforeseen events, starting off at launch. i know that is being set to be heard, most likely in february. we are excited to have that move forward. where that leads us is needing to have all the pieces in place so that one week -- when we do get the approval launched, we have got what we need. one of those is having a service agreement with pg any extended. we already have one in place with pg&e. we are set to head that included before the end of february. we also need to is a bullet -- submit updated informati
mr. michael campbell, good afternoon. >> thank you. i am the director of cleanpowersf, often referred to as community choice aggregation to work in the sfpuc as part of power enterprise. i will be brief. taking the theme of this meeting here today. as you all know, we're very excited that the board of supervisors is set to take up the big parts of the contract approval. we hope to make cca a reality with the contract with shell for the power supply. and a contract appropriation for funds...
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Feb 4, 2012
02/12
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CSPAN
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mr. michael wants to work with ray lahood on a bipartisan people, mr. lahood will be here as many hours, days and weeks as mr. michael needs him and i hope you would agree with that. ray lahood is a republican but a bipartisan american who wants to get things done for our country and create those jobs of which you speak which all of us want to do. we have a jobs bill by the way that you have not brought to the floor. what is one aspect of it? infrastructu infrastructure, investing in infrastructure. that has languished for five mont months, not brought to the floor by the majority leader who has the authority to do so and i have been urging him to do so. if he wants to comment on what i said, i will yield. >> absolutely, mr. speaker. i join the gentleman in thinking secretary lahood is a feign gentleman. but all i can say is actions speak louder than words and whether we're bringing the whole bill up for a vote i would ask how many members on his side have sponsored 2tha bill? i think there is certainly many elements of that bill that we can all agree o
mr. michael wants to work with ray lahood on a bipartisan people, mr. lahood will be here as many hours, days and weeks as mr. michael needs him and i hope you would agree with that. ray lahood is a republican but a bipartisan american who wants to get things done for our country and create those jobs of which you speak which all of us want to do. we have a jobs bill by the way that you have not brought to the floor. what is one aspect of it? infrastructu infrastructure, investing in...
SFGTV: San Francisco Government Television
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Feb 23, 2012
02/12
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mr. michael harris gives his information on medallion sales. >> members of the board, questions or comments? if not, thank you. on the amended recommendation, is there a motion? >> second. >> a motion to approve the recommendation as amended. any further discussion? those in favor of democratsay.e -- those in favor? >> aye. >> thank you. in the public comment period, asking about the sales area, touching the comments in the program, i was hoping we could hear more about that at some point. if there was anything we could do to enhance pedestrian safety and vehicle driver training. that is right. we can meet with the staff. in the new stations, is that something we can hear about at some point? >> i will discuss this with the project team before you report back. blacks item number 11 on your regular calendar is a presentation regarding fiscal year 2013 and 2014 capital operating budgets. >> ok. >> we will do this together. we have two different presentations to walk you through. one is on the operating budget. one is on the capital budget. this is really just an update for you. we will be hav
mr. michael harris gives his information on medallion sales. >> members of the board, questions or comments? if not, thank you. on the amended recommendation, is there a motion? >> second. >> a motion to approve the recommendation as amended. any further discussion? those in favor of democratsay.e -- those in favor? >> aye. >> thank you. in the public comment period, asking about the sales area, touching the comments in the program, i was hoping we could hear more...
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Feb 2, 2012
02/12
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mr. michael roseman, former chief risk officer mf global holdings limited, michael stockman, global chief risk officers m flood watch global holdings limited. gentlemen, before we proceed, ask you to raise your right-hand. do you solemn swir and affirm that the testimony you are about to give will be the truth, the whole truth, and nothing but the truth? >> i do. >> thank you. without objection your written statements will be made part of the record. you'll be recognized five minutes to summarize your testimony. mr. roseman. >> chairman, ranking member, and members of the subcommittee, my name is michael roseman, former risk officer of mf global group from january 2008 to january 2011. thank you for the opportunity to testify today. i hope that my comments will help you continue to build on your knowledge of the events that led to the collapse of mf global. >> mr. roseman, i would ask you to pull your microphone a little closer to you there. >> that good? regarding my background aerospace engineering graduating from the university of north carolina -- university of delaware as aerospace e
mr. michael roseman, former chief risk officer mf global holdings limited, michael stockman, global chief risk officers m flood watch global holdings limited. gentlemen, before we proceed, ask you to raise your right-hand. do you solemn swir and affirm that the testimony you are about to give will be the truth, the whole truth, and nothing but the truth? >> i do. >> thank you. without objection your written statements will be made part of the record. you'll be recognized five...
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Feb 29, 2012
02/12
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MSNBC
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mr. michael len "first look" mike, good early morning to you. >> good early morning, willie. >> the romney campaign saying a three point victory is a victory in michigan nevertheless. do you agree with that? >> he's having a closing problem "first look" he just can't put this away. it's frustrating for the campaign. they feel like they can't get on top of the story. the goal line keeps moving. willie, remember florida, the tie breaker. michigan would be the tie breaker. now it's ohio. even though there's no big republican unit to talk to who will think the nominee is going to beat anyone other than mitt romney, then it's going to be ugly and expensive, very expensive. there's already been $5 million spent in ohio and the candidates are just starting there. >> what does this race look like this morning? we had talked about if rick santorum won michigan the whole thing would be turned on its head. there would be new calls for a new candidate to get into the race. that didn't happen. mitt romney hung on. won a blowout victory in arizona. how do we look at this? >> the romney campaign is showi
mr. michael len "first look" mike, good early morning to you. >> good early morning, willie. >> the romney campaign saying a three point victory is a victory in michigan nevertheless. do you agree with that? >> he's having a closing problem "first look" he just can't put this away. it's frustrating for the campaign. they feel like they can't get on top of the story. the goal line keeps moving. willie, remember florida, the tie breaker. michigan would be the...
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Feb 6, 2012
02/12
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CSPAN3
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mr. michael gearhart is the distinguished professor in constitution allow and director at the university of north carolina school of law. mr. david ripken is a partner at baker and cochairs the firm appellate practice and white house counsel. mr. mark carter is a partner at d nsmoore where he advises clients on traditional employment labor law. mr. carter has experience litigating pursuant to committee rules all witnesses except members of congress will be sworn in before they testify. so i would ask you to please rise and lift your right hands. do you solemnly swear or affirm the testimony you're about to give to be the truth, the whole truth, and nothing but the truth? may the record reflect all witnesses answered in the affirmative. we are pleased to recognize you for your opening statements. i'm sure all of you perhaps have done this before. know what it traditionally mean in life. with that, we would recognize ambassador gray. >> mr. chairman, thank you very much for the opportunity to testify. you've just heard extraordinary tutorial in a way from senator lee covering almost every a
mr. michael gearhart is the distinguished professor in constitution allow and director at the university of north carolina school of law. mr. david ripken is a partner at baker and cochairs the firm appellate practice and white house counsel. mr. mark carter is a partner at d nsmoore where he advises clients on traditional employment labor law. mr. carter has experience litigating pursuant to committee rules all witnesses except members of congress will be sworn in before they testify. so i...
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Feb 10, 2012
02/12
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mr. michael steel. could not be more grateful.s, thank you very much for joining me. >> sure thing. >> coming up, the head of the komen foundation apologized to day but a major fund-raiser and former board member thinks that's not enough. she's going to join me later. >>> and we'll show you how easy it is to buy guns on the internet. we've got some really scary video for you and an investigation. ♪ ♪ spread a little e today ♪ ♪ spread a little love my way ♪ ♪ spread a little something to remember ♪ ♪ ♪ spread a little joy... [ female announcer ] fresh milk and real cream. that's what makes philadelphia. ♪ so spread a little... [ female announcer ] and that's what makes the moment we enjoy it, a little richer. ♪ real belgian chocolate whipped with philadelphia cream cheese. new indulgence. the moment just got a little sweeter. >>> santorum won by five points in colorado, 30 points in missouri and i'll tell what you, someone got some no frills missionary position sex last night. today my journey continues across tolden state, where
mr. michael steel. could not be more grateful.s, thank you very much for joining me. >> sure thing. >> coming up, the head of the komen foundation apologized to day but a major fund-raiser and former board member thinks that's not enough. she's going to join me later. >>> and we'll show you how easy it is to buy guns on the internet. we've got some really scary video for you and an investigation. ♪ ♪ spread a little e today ♪ ♪ spread a little love my way ♪ ♪...
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Feb 10, 2012
02/12
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MSNBCW
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mr. michael steel. could not be more grateful.thank you very much for joining me. >> sure thing. >> coming up, the head of the komen foundation apologized to day but a major fund-raiser and former board member thinks that's not enough. she's going to join me later. >>> and we'll show you how easy it is to buy guns on the internet. we've got some really scary video for you and an investigation. ♪ [ female announcer ] gross -- i'll tell you what's really gross: used dishcloths. they can have a history that they drag around with them. for a cleaner way to clean try bounty extra soft. in this lab demo, one sheet of bounty extra soft leaves this surface 3 times cleaner than a dishcloth. it's super durable too. it's the cleaner way to clean. bring it with bounty extra soft. in the pink pack. and try bounty napkins. until the end of the quarter to think about your money... ♪ that right now, you want to know where you are, and where you'd like to be. we know you'd like to see the same information your advisor does so you can get a deeper
mr. michael steel. could not be more grateful.thank you very much for joining me. >> sure thing. >> coming up, the head of the komen foundation apologized to day but a major fund-raiser and former board member thinks that's not enough. she's going to join me later. >>> and we'll show you how easy it is to buy guns on the internet. we've got some really scary video for you and an investigation. ♪ [ female announcer ] gross -- i'll tell you what's really gross: used...
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Feb 3, 2012
02/12
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CSPAN2
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mr. michael grossman, former chief officer at global holdings ltd. and mr. ichael stockman, global chief risk officer of global holding limits. gentlemen, before we proceed to raise your right hand. do you solemnly swear and affirm that his testimony you're about to give up the truth, the whole truth and nothing but the truth? thank you it without objection from a written statements will be made part of the record. you're recognized for five minutes to summarizer testimony. >> mr. roseman. >> chairman neugebauer, ranking member capuano, number said the subcommittee. men with michael grossman, chief risk officer of global group from august 2008, january 2011. thank you for the opportunity to testify today. i hope my comments will continue to grow on your knowledge of the events that led to the collapse of mf global. >> and ask you to pull your microphone a little closer to you? >> regarding my background and career as an aerospace engineer i'm graduating from the university of north carolina and university of delaware. as an aerospace engineer, since 1994 i re
mr. michael grossman, former chief officer at global holdings ltd. and mr. ichael stockman, global chief risk officer of global holding limits. gentlemen, before we proceed to raise your right hand. do you solemnly swear and affirm that his testimony you're about to give up the truth, the whole truth and nothing but the truth? thank you it without objection from a written statements will be made part of the record. you're recognized for five minutes to summarizer testimony. >> mr....
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Feb 3, 2012
02/12
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he made it worse. >> michael -- >> yeah. >> it seems that mr. romney was all over the place today.manufacturing jobs, it's going better. have a long way to go. by no means are we satisfied but it seems like it's going in the right direction, michael, don't you think? >> i agree with you, reverend. and i think the republican conversation on this should be, first off, to congratulate those folks who got jobs last month, over the last few months. congratulate the employers who are taking the risk to get back into creating those jobs. but then to begin to lay out the point that you just touched on which is we still have a ways to go. we still have a great deal of underemployment folks, under employed folks throughout who gave up looking. now we have to figure out, how do we get them back into that search, that hunt for jobs and what that means for the economy overall. manufacturing sector is a strong sector for us. clearly, folks want to invest there. creating incentives which republicans should be arguing about to lower the barriers so companies can come back to the u.s. repatriate th
he made it worse. >> michael -- >> yeah. >> it seems that mr. romney was all over the place today.manufacturing jobs, it's going better. have a long way to go. by no means are we satisfied but it seems like it's going in the right direction, michael, don't you think? >> i agree with you, reverend. and i think the republican conversation on this should be, first off, to congratulate those folks who got jobs last month, over the last few months. congratulate the employers...
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Feb 4, 2012
02/12
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FOXNEWSW
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mrs. terry's commentary, michael hayden, a former cia director under president bush who said if only holder showed the same leniency to the ceo against who he's been prosecuting over water boarding. and holder holds himself, i can't remember, too bad for me and everybody else gets the hammer. >> and totally ignoring the other side of the story which the media is not covering, which is that holder was to the-- and secondly he may have been aware of fast and furious not aware of gun walking the fact that the guns were taken from the gun sellers and that's where the problem came in and holder was not aware of. >> now is seems to be clear. if holder says i didn't know about it months later and now says weeks later. >> he knew about fast and furious not the gun walking, two issues here. >> to be candid and honest with the house government committee and apparent to me that he wasn't. >> the media, the difference between the gun selling and gun walking. >> you're not answering my question. >> i didn't hear the question. >> my point was as always, the issue and coverup. holder knows about the issue
mrs. terry's commentary, michael hayden, a former cia director under president bush who said if only holder showed the same leniency to the ceo against who he's been prosecuting over water boarding. and holder holds himself, i can't remember, too bad for me and everybody else gets the hammer. >> and totally ignoring the other side of the story which the media is not covering, which is that holder was to the-- and secondly he may have been aware of fast and furious not aware of gun walking...
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Feb 5, 2012
02/12
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CSPAN
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mr. michael rosen, former financial chief officer atmf global holdings ltd.fore we proceed, i will ask you to raise your right hand. do you solemnly swear and affirm that the testimony that you are about to give will be the truth, the whole truth, and nothing but the truth? thank you. without objection, your written statements will be made a part of the record and you will be recognized for five minutes to summarize your testimony. mr. roseman. >> my name is michael roseman, former chief financial officer for mf global group. thank you for the opportunity to testify today. i hope that my comments will be to continue to build on your knowledge of the events atmf global. >> i will ask you to pull your microphone a little closer to you. >> is that good? thank you. regarding my background, i started my professional career as an aerospace and engineered after graduating from the university of delaware. as an aerospace engineer. in 1994, i received an m.b.a. from the university of north carolina and pursued a career in financial-services. i first joined financial p
mr. michael rosen, former financial chief officer atmf global holdings ltd.fore we proceed, i will ask you to raise your right hand. do you solemnly swear and affirm that the testimony that you are about to give will be the truth, the whole truth, and nothing but the truth? thank you. without objection, your written statements will be made a part of the record and you will be recognized for five minutes to summarize your testimony. mr. roseman. >> my name is michael roseman, former chief...
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Feb 7, 2012
02/12
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CSPAN2
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mr. michael klink is an engineer, safety inspector for transcanada first keystone pipeline, and had those 14 spills, wrote an op-ed in the lincoln journal star, which i would like to put into the record. he describes seeing the first keystone pipeline constructed with cheaper foreign steel that cracked when workers try to will do it. i'd like asking in his consent. >> without objection that i also have a letter -- this is in addition to his op-ed. i also have a letter that i would also ask unanimous consent to be put in the record be met without objection been at my been at my time has expired that i want to thank the two gentlemen, mr. thompson, general anderson for the tesla. i think we are to be another side of this issue, not have it railroaded through the congress, not have it given the special interest treatment. this is a big decision to we'll be living through the consequences for maybe 50-100 years, and it's the wrong direction it's going to take our nation in terms of greenhouse gases, in terms of carbon emissions, in terms of pipeline safety, in terms of danger to the people ar
mr. michael klink is an engineer, safety inspector for transcanada first keystone pipeline, and had those 14 spills, wrote an op-ed in the lincoln journal star, which i would like to put into the record. he describes seeing the first keystone pipeline constructed with cheaper foreign steel that cracked when workers try to will do it. i'd like asking in his consent. >> without objection that i also have a letter -- this is in addition to his op-ed. i also have a letter that i would also...
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Feb 14, 2012
02/12
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CSPAN3
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mr. chairman, i was very much moved this morning bite actions of my friend, michael horowitz. on behalf of the six prisoner faith and all other chinese prisoners of conscious, i think mr. horowitz is here today. i was especially moved by his effort to cause the obama administration to deal with the human rights issues with the priority attention that such leaders as president reagan and the late tomulantos give it. my call was arrested in front of the white house this morning for engaging in quiet and respectful demonstration. as i saw the police place handcuffs on him and drive him away in a squad car, i realized how great america's heart can be. i also realized the great things that america's friends of freedom can do for oppressed people in china and elsewhere. before his arrest, he prepared a statement which i hope can enter into the record. as you know michael played an important role in working with you, mr. chairman. with congressman wolf and others on such legislation as the international religious freedom act and the north korea human rights act. his statement reflects
mr. chairman, i was very much moved this morning bite actions of my friend, michael horowitz. on behalf of the six prisoner faith and all other chinese prisoners of conscious, i think mr. horowitz is here today. i was especially moved by his effort to cause the obama administration to deal with the human rights issues with the priority attention that such leaders as president reagan and the late tomulantos give it. my call was arrested in front of the white house this morning for engaging in...
SFGTV: San Francisco Government Television
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Feb 5, 2012
02/12
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SFGTV
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mr. francis? >> my name is michael francis. i am a worker on a fixed income. i have no insurance provided for my kid other than the medicare they are on through the church and my wife. i am not interested in in ventilation. i do not care about all of that other stuff. all that i know that i care about is dr. bert as our kids' interests at heart. she is not going to take them into a situation that is going to make them sick. exposed to toxins, or whenever. that smell? i smell it all the time. what has that got to do with that? if you even consider trying to shut down this expansion, this consolidation -- it is beautiful. it is perfect. what could be wrong with being able to take your kid to this place and getting the services? however many exam rooms, without going through the problem of reappointment violations. dr. bert's office always came as soon as possible. with the expansion and consolidation of other services, it is a no-brainer. just going for it is an improvement. go for it. bayview is an improvement. we need help in the services that they offer us. t
mr. francis? >> my name is michael francis. i am a worker on a fixed income. i have no insurance provided for my kid other than the medicare they are on through the church and my wife. i am not interested in in ventilation. i do not care about all of that other stuff. all that i know that i care about is dr. bert as our kids' interests at heart. she is not going to take them into a situation that is going to make them sick. exposed to toxins, or whenever. that smell? i smell it all the...
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Feb 23, 2012
02/12
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MSNBC
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then michael, mr. chairman, i want you to respond and then you. >> listen.hink anything you say as a presidential candidate is relevant. i mean, it's by definition relevant. you're asking to be president of the united states. i don't think he is right about that. it is relevant what he says. i think people want to make an evaluation, complete evaluation of anybody who asks to sit in the oval office. i think it's relevant. in that respect. do i think it's the things we should be as a party talking about and emphasizing at the moment? no. >> relevant or not relevant? >> trust me, i'm not disagreeing with the relevance. i agree with that. >> it's not relevant? >> you don't get to sit in judgment of it. which is what i believe you're doing and i agree with sarah palin by the way. >> good. i'll take that. >> go, sarah. >> it's highly relevant. you can evaluate these people on the basis of how they see the world. >> i am somewhere in between. thank you, michael steele and david corn. this is what people are going to be arguing about this year, unfortunately. the d
then michael, mr. chairman, i want you to respond and then you. >> listen.hink anything you say as a presidential candidate is relevant. i mean, it's by definition relevant. you're asking to be president of the united states. i don't think he is right about that. it is relevant what he says. i think people want to make an evaluation, complete evaluation of anybody who asks to sit in the oval office. i think it's relevant. in that respect. do i think it's the things we should be as a party...
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Feb 2, 2012
02/12
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CSPAN2
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mr. michael gerhardt's director for the center at the university of north carolina school of law. mr. david rifkin is department and cochairs appellate practice and served as justice permit firm at the white house and cochairs appellate practice and served it just is firm at the white house in the george h. debbie bush administrations. mark firm at the white house in the george h. debbie bush administrations. mark carter is partner where he advises clients on labor and employment lot. mr. carter of experience litigating before the national labor relations board pursuant to committee rules, all would they fix that members of congress will be sworn in before they testify, so i ask you to please rise and lift your right he is. do you solemnly swear or affirm the testimony about the truth, whole truth and nothing but the truth? to record reflect all witnesses answered in the affirmative. we are pleased to recognize you for your opening statements. i'm sure all of you perhaps the dumbest before. the lights mean what they traditionally do in life and with that we recognize ambassador gerhar
mr. michael gerhardt's director for the center at the university of north carolina school of law. mr. david rifkin is department and cochairs appellate practice and served as justice permit firm at the white house and cochairs appellate practice and served it just is firm at the white house in the george h. debbie bush administrations. mark firm at the white house in the george h. debbie bush administrations. mark carter is partner where he advises clients on labor and employment lot. mr....
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Feb 5, 2012
02/12
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CSPAN
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mr. michael -- mike pool from the department of the interior. we appreciate both of you being here this morning. we will ask each of you to do the five-minute opening statement. then questions will be asked. we have been told there will be five or six votes on the house floor around 11:00. we will proceed as long as we can. then we will vote and then come back. thank you for being with us this morning. ms. gaffney-smith, a like to recognize you for an opening statement. -- i would like to recognize you for an opening statement. you are now recognized. >> thank you. i am the chief of the regulatory program for the u.s. army corps of engineers. thank you for the opportunity to discuss the regulatory authority under section 404 of the clean water act and section 10 of the rivers and harbors act related to utility line projects and to discuss our regulatory involvement in the proposed keystone xl pipeline. section 10 requires authorization from the core for the construction of any structure in, under, or over and navigable waters of the u.s. section
mr. michael -- mike pool from the department of the interior. we appreciate both of you being here this morning. we will ask each of you to do the five-minute opening statement. then questions will be asked. we have been told there will be five or six votes on the house floor around 11:00. we will proceed as long as we can. then we will vote and then come back. thank you for being with us this morning. ms. gaffney-smith, a like to recognize you for an opening statement. -- i would like to...
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Feb 20, 2012
02/12
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CSPAN3
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michael beschloss and mr. donahue. >>> lisa kathleen graddy is the curator for women's political history here at smithsonian. so when you were putting together this latest exhibit, how did you decide how the gowns would be placed and what it would say about the history and the role of these first ladies? >> well, we picked a series of gowns. partly just based on what we thought was pretty, and what hadn't been out in a while. sometimes it's nice to be the curator. you get to just choose things. we also wanted an array of colorened and different styles. it's not chronological. we wanted to maximize the space and really maximize the look of each style and the color of each dress against each other to make a more pleasing picture, and i think that putting things that are far apart in time next to each other as opposed to a slow progression, you really see the amazing difference between, say, lucy hayes, that dress wit bustle and the very tight shoulders. if you look at their shoulders, you're not going to raise y
michael beschloss and mr. donahue. >>> lisa kathleen graddy is the curator for women's political history here at smithsonian. so when you were putting together this latest exhibit, how did you decide how the gowns would be placed and what it would say about the history and the role of these first ladies? >> well, we picked a series of gowns. partly just based on what we thought was pretty, and what hadn't been out in a while. sometimes it's nice to be the curator. you get to just...
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Feb 24, 2012
02/12
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WMPT
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mrs. chamberlain was released. but rumors persisted over her involvement, so lindy and her former husband, michael, are at this new hearing to present
mrs. chamberlain was released. but rumors persisted over her involvement, so lindy and her former husband, michael, are at this new hearing to present
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Feb 20, 2012
02/12
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CSPAN3
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mrs. bush, just remembers collaborating with the designer, michael fair cloth and you wanted a pretty party dress. the first lady wants it to be beautiful, she wants it to be comfort, and she wants it to be appropriate. and appropriate is the word when first ladies are dealing with clothes, they want it to be appropriate for the occasion, appropriate for their age and appropriate for the first lady. even when she's not functioning in duty hours, she represents the united states. >> this is american history tv on cspan3. we're featuring in hours on our nation's first ladies. up next, eleanor roosevelt from 1953. >> this was a 15-minute public affairs program broadcast on cbs from 1951 to 1955. the program discussed news issues of the day and featured guests such as elected officials, foreign dignitaries and other prominent officials. guests were questioned from journalists like cbc, and the tribune. eleanor roosevelt was first lady of the united states from 1933 to 1945 after president franklin d. roosevelt died, eleanor stayed active in politics and political affairs. in 1953, eleanor roose
mrs. bush, just remembers collaborating with the designer, michael fair cloth and you wanted a pretty party dress. the first lady wants it to be beautiful, she wants it to be comfort, and she wants it to be appropriate. and appropriate is the word when first ladies are dealing with clothes, they want it to be appropriate for the occasion, appropriate for their age and appropriate for the first lady. even when she's not functioning in duty hours, she represents the united states. >> this...
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Feb 24, 2012
02/12
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CNBC
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michael -- >> gasoline went to $4.05. now we're back $108 a barrel. we're about 35 cents away from $4 a gallon. why is this time different, my dear friend, mr. joe? >> my dear friend, michael pento, i would say three things. number one, lehman brothers. that was the big catalyst. we were already in recession at the time. we didn't know it. three, the job market was lousy. we were losing employment back in 2008. now we're actually -- we've seen an acceleration in employment. jobless claims are at a four plus year low. the economy is much healthier. it could with stand those higher prices. >> joe, let me ask you something else. i know some of the arguments. what about the role of ultra cheap natural gas and what about the role of the very mild winter which has cut utility bills? in other words, is there an offset? one part of the energy portfolio, gasoline is rising a lot on the heels of crude, but the other part of the energy portfolio for home heating and local utility bills is actually falling. is that a wash? is that what you are betting on? >> larry. >> is that a hope, a prayer? is that a triumph of hope over experience? >> you read my note. yo
michael -- >> gasoline went to $4.05. now we're back $108 a barrel. we're about 35 cents away from $4 a gallon. why is this time different, my dear friend, mr. joe? >> my dear friend, michael pento, i would say three things. number one, lehman brothers. that was the big catalyst. we were already in recession at the time. we didn't know it. three, the job market was lousy. we were losing employment back in 2008. now we're actually -- we've seen an acceleration in employment. jobless...
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mr. michael stock men from the mf global ltd. before we proceed we ask you two raise your right hand.o solemnly swear and affirm the testimony you're about to give will be the truth the whole truth and nothing but the truth? they do. without objection year-end statements will be made a part of the record and you will be recognized five minutes to summarize your testimony. >> chairmen representative neugebauer and representative capuano and members of the subcommittee i was formerly the chief risk officer mf global through january 2011. thank you for the opportunity to testify today i hope my comments will build on your knowledge to the events that led to the collapse of mf global. >> please call your microphone closer. >> regarding my background i started my professional career as the aerospace engineer after graduating unit university of delaware. as the aerospace engineer. 1994 i received a degree from the business school and pursued a career of financial services by first jolla named the financial products with the risk analysis function the following year i moved to the trading te
mr. michael stock men from the mf global ltd. before we proceed we ask you two raise your right hand.o solemnly swear and affirm the testimony you're about to give will be the truth the whole truth and nothing but the truth? they do. without objection year-end statements will be made a part of the record and you will be recognized five minutes to summarize your testimony. >> chairmen representative neugebauer and representative capuano and members of the subcommittee i was formerly the...