mr. o'brien? >> chairman, ranking member corker, members of the committee. thank you for the opportunity to testify today on long-term care insurance. the office of personnel management oversees numerous benefit programs, including long-term care insurance for federal employees, annuityans and family members. long-term care is provided to people who need help with activities of daily living or need supervision due to severe cognitive impairment. it can be provided at home, an adult day-care center, assisted living facility or nursing home. most health insurance programs, including the federal health benefits program do not provide coverage for long-term care services. this unmet need led to the creation of the federal long-term care insurance program. long-term care insurance is an important benefit because people are living longer and a likelihood of needing long-term care services increases with age. after age 65, americans have a 76% chance of needing some form of long-term care during their lives. long-term care is also provided to people under age 65 wh

mr. o'brien. mr. colman? >> thank you, mr. chair and members of the committee. on behalf of commissioner jesseun, i thank you for the opportunity to share with the efforts that minnesota is making to provide the best possible long-term care system for older adults and persons with disabilities. minnesota has a strong infrastructure built over many years of long-term care services and supports for older adults and people with disabilities. last fall we were very proud and gratified to see the quality of minnesota's long-term system recognized by the aarp and the scan foundation. minnesota ranked number one among all states in the first ever aarp scoreboard on long-term care services and supports for older adults, people with disabilities, and family caregivers. the report validates the direction that minnesota has been moving for the past 25 years. to reduce reliance on institutional care and encourage access to services in home and community-based settings. it acknowledges minnesota's efforts in providing comprehensive phone and web-based information and referra

mr. o'brien? >> i think opm is incredibly interested in sort of continuing to improve the products that we're offering. just to clarify where you are, it's still a relatively young product for us. the experience of folks who are actually getting the services is relatively small relative to the total population that is in. one of the things we are monitoring very closely with our contractor as we go forward is as advantages are made in the delivery of the service, we will work with our contractor to make sure that those are applied to our program. and we are very interested in hearing what those around the cutting edge of these programs are as what the best way forward is. >> mr. colman? >> i think initially we have to look at what is the consumer want and what does the consumer have the ability to have as choice. and the number one thing we hear from older people in minnesota is they want to remain in their homes. and if we can provide low-cost interventions, we can delay the need for more expensi

mrs. o'brien from the panel. you are dismissed. i will continue the question -- what we will do at this point in time is mr. capuano and i will reset the time and begin question and answer period again. miss serwinski, on 10-28, mf global transferred $200 million from segregated accounts and subsequently transferred $175 million to the u.k. affiliate to cover overdrafts. in an interview you had with our committee you stated that if you were working that day it was very unlikely you would have approved $175 million transfer because it could have violated sec net capital rules. can you explain that for me? >> the transaction of $175 million as i understand it was an intercompany loan between mf global inc. and for ciliate mf global global limited. as i understand the $175 million was being taken out of customers segregation. there are two things i would have looked at. with respect to the transfer. the firm has been referred to as the firm invested in excess segregation and secure funds with that $175 million brought that level to a

mrs. o'brien from the panel. you are dismissed. >> okay. >> i'm going to continue questioning. we'll do in this point in time, we'll reset the time, and we'll begin question and answer period again. on 10/28, mf global transferred $200 million from the segregated accounts and subsequently transferred $175 million to the u.k. affiliate to cover an overdraft. in an interview that you had with our committee, you stated that if you were working that day, it was very unlikely you would have approved the $175 million transfer because it could have violated fcc's net capital rules. can you explain that for me? >> the transaction, the $175 million transaction, as i understand it, was an intercompany alunes between mf global inc, and mf global u.k. limited. as i understand, the $175 million was being taken out of customers' segregation. there was two things i would have looked out with respect to the transfer. one, did the firms -- what was referred to and has been referred -- has the firm invested in excess segregation and secured funds, would that $175 million brought that level to a

mr. o'brien. mr. colman? >> thank you for the opportunity to share the efforts minnesota is making to provide the best possible long-term care system for older adults and persons with disabilities. the structure was built over many years of long-term services and support for older adults and people with disabilities. last fall, we were proud and gratified to see the quality of minnesota's long-term care system recognized by the aarp. we write number one on the first ever aarp scoreboard. the best we ranked number 1 on the first ever aarp scoreboard. -- we ranked number 1 on the first ever aarp scoreboard. this enologist minnesota's effort in providing comprehensive -- this acknowledges minnesota's effort in providing comprehensive service. it provides evidence base support for family caregivers. not that long ago, most people were served by medicaid in minnesota received long-term care services in institutions. we have developed the support needed to survey the best serve people in their homes and communities

mr. o'brien. mr. colman. >> thank you mr. chair and members of the committee. behalf of commissioner jess and thank you for the opportunity to share with the committee the efforts that minnesota is making to provide the best possible long-term care system for older adults and persons with disabilities. minnesota has a strong infrastructure built over many years of long-term care services and supports for older adults and people with disabilities. last fall we were very proud and gratified to see the quality of minnesota's long-term care system recognized by the aarp and the scan foundation. minnesota ranked number one among all states in the first-ever aarp score bard -- scoreboard with people with disabilities and family caregivers. the report validates the direction minnesota has been moving for the past 25 years. to reduce reliance on institutional care and encourage access to services in home and community-based settings. technologist minnesota's effort in providing comprehensive phone and web aced information and referral sources for seniors and their fami

mrs. kennedy and me." clint will be soledad o'brien's guest at 7:50 a.m.e hearing from the pilot who helped an 80-year-old woman land a plane after her husband collapsed at the controls. this is actual video as a person took as 80-year-old helen collins was landing that play. collins is not a pilot. she radioed for help telling responders she was out of fuel and her light -- her right engine, i think, was out. then they sent a wingman to help her. >> hi, helen, this is kathy. >> hi, cathy. >> a hell of a place to be. >> you better get me in soon, i don't know how long i'll have gas. >> helen, we will launch another aircraft. it will come up, fly next to you and give you instructions. >> the pilot who assisted collins spoke to wolf blitzer who was filling in for anderson last night. >> she's a hero in my book. she did exactly textbook for a very, very low-time pilot or nonpilot i should say performance. it was just outstanding how she kept the aircraft under control at all time and stayed with it. never gave up. and that's the secret to a successful outcome

o'brien? >> here's. >> commissioner ortiz-cartagena? >> here. >> commissioner white? >> here. >> commissioner yee riley? >> mr. president, all commissioners are present and before we go to the next item would you like to make some comments? president adams: i want to welcome monetta white and william ortiz-cartagena. welcome to your first small business commission and welcome to the commission and this is exciting. we have some really good people with mark dwight now on the commission so i'm looking forward to working with each and every one of you so thank you very much. and i want to apologize to regina -- and i'll get to this. but regina and i were in a meeting just now dealing with small business impact for the new -- not new but payroll versus gross receipts tax that's being floated around. so thank you all for accommodating us and scheduling this meeting an hour late. that's it. >> all right. >> president? can we ask the new commissioners to tell us something about themselves. president adams: absolutely. thank you, commissioner riley. commissioner bhite: i'm owner of 1300 on selmore. we've been in busin

o'brien. >> yes. >> commissioner ortiz-cartagena. >> yes. >> commissioner white. >> yes. >> commissioneree riley. >> yes. >> commissioners, is passes 6-1. president adams: thank you commissioners. president adams: thank you allen. >> thanks for persevering. next item, mr. president. president adams: yes. >> commissioners, item 6, presentation on the central market economic strategy report by jordan klein, office of economic and workforce development and we'll have a powerpoint in just a moment. >> so commissioners, our new commissioners, while jordan is setting up, periodically we have our staff from departments come and report to the commission on projects that are underway with the city that affects small business so that you can be updated and kept apprised of the work that they're doing and be able to ask any questions about what's happening so that you're well informed. >> well, while this is leading, i say good evening, commissioners, thanks for the opportunity to speak. maybe you have heard about central market in the news recently, so to director dick-endrizzi's point, i'm here to kind of fill you in on the work that we're doing in central market. >> jordan, would you prefer the other mic? >> yeah. let's do that. ok, here we go. rear ready. so