mr. olson: mr. speaker, i ask unanimous consent that all members have five legislative days to revise and extend their rashes and insert extraneous materials into the record on h.r. 4273. the speaker pro tempore: without objection. mr. olson: i yield myself such time as i may consume. the speaker pro tempore: the gentleman is recognized. mr. olson: mr. speaker, i rise today in support of h.r. 4273, resolving liability conflicts act of 2012. my colleagues and i carefully drafted this bill to resolve a con nict between the federal power act and environmental laws and regulations that if left unresolved could create serious problems for liability in our nation's electric grid. every year, as the heat of summer settles in across our country and demand surnls for electricity, the potential for dangerous power outages grows. some states such as california and my home state of texas, are being warned by electricity regulators that reserve margins could dip dangerously low. texas is expecting a 2 50rks0 meg

of treasure island coins and first i really appreciate you being on the show thank you so much mr olson thanks for having me on the arm absolutely so first just bring us up to speed what is your relationship to this firm and what's happened in your personal situation well we've been trading futures through p.s.u. best for nearly twenty years and we recently began trading for x. driven two cents fundamentals with them through their spot metals division in her early twenty ten we did a lot of business with them and we're primarily a physical precious metals do you are meaning that we sell physical coins and bars to private investors worldwide in order to do that we need to hedge our positions so companies like ours typically deal if you choose contracts or forex positions in order to hedge the price well we go about acquiring resupply of the precious metals that we've sold customers ok and now that you've heard the news you've been informed as to p.s.g. best situation what what happens with with your money with the firm with your trades what's going on there all of the trades have been lo

to mr. olson, as we deal with a country that basically the military controls, and elected leaders are candidly, not particularly effective, how do we, as members of congress -- you talk about the generosity of congress. it is really the american taxpayer that is putting this bill and is quite frustrated with pakistan at present -- how do we leverage our relationship with them, since it is more of a transactional relationship, not one that is really built on good will? how do we leverage the resources we have to cause pakistan to act "in ways that we would like to see them act?" >> thank you, senator. that is an excellent question. i think that we have to remember that our relationship with pakistan goes back quite a ways. the it goes back to the beginning of the pakistani state. for 65 years, we have had a relationship. it has had ups and downs, but there have been period crack of close and intense partnership, probably most notably in the 1980's and, of course, that was a relationship that center

so in effect, what you see in this context of state formation is a transformation from what mr. olson called roving bandits to stationary bandits. that's a very, very important phase of the development of human political associations. as you put it in the plastic and possibly best book, as the leader of a roving band again who finds only slim pickings are strong enough to take hold of a given territory and to keep other bandits out and become a monopoly is crime in that area to become a stationary bandit. that sounds really terrible and indeed it is a predatory institution. but in some one is it's in advance to be plundered and round. if they need roving, burned that they can't take and then leave and then come back next year. this is terrible. and in some sense, its advanced respect about the plunder when the thunder says we will set a bound and plunder a little bit all year long. the consequences they don't destroy everything. you don't have to fight for them constantly. so paradoxically this is in some ways an advance from the kids even of the plunder. but we should not forget fund

the chair recognizes mr. olson for five minutes. >> thank you. boats have been called now so my comments will be brief, but i want to thank the witness. thanks for coming in for your expertise. chairwoman tannin bob, thanks and outside the big port of houston bicycle here. good to see you again. as my nameplate says, i'm from texas. as you all know, texas loves the outdoors to go to being on the country rivers and fishing on the lakes, to go out and do some hunting. to catch the bite and the stars in the texas sky these are with rovs. the concern is the federal government may be threatening life in my home state. my question is for you come commissioner tannenbaum. and questions from my colleague from new jersey about the past failed stability tests. i understand that cpsc sadowski test based on the methodology. the reason being, however, they reveal that it has conducted no repeat ability tests in its method of what your results. do you agree to be appropriate to base a mandatory pastore phill standard on the sample size of a single test, one te

to mr. olson, as we deal with a country that basically the military controls, and elected leaders are candidly, not particularly effective, how do we as members of congress -- you talk about the generosity of congress. it is really the american taxpayer that is putting this bill and is quite frustrated with pakistan at present -- how do we leverage our relationship with them, since it is more of a transactional relationship, not one that is really built on good will? how do we leverage the resources we have to cause pakistan to act "in ways that we would like to see them act?" >> thank you, senator. that is an excellent question. i think that we have to remember that our relationship with pakistan goes back quite a ways. the it goes back to the beginning of the pakistani state. for 65 years, we have had a relationship. it has had ups and downs, but there have been period crack of close and intense partnership probably most notably in the 1980's and, of course, that was a relationship that centered

mr. chairman and i look forward to your questions. >> ambassador olson. >> mr. chairman, members of the committee, i thank you for the chance to be here today. i appreciate this demonstration of confidence by president obama and secretary clinton. i look forward to working closely with you to events america's interest in pakistan. have served in the foreign service and have worked many of these years in the islamic world, as recently as the ambassador to the united arab emirates. through my career i've been thankful for the support of my family, especially my wonderful daughters. i do not need to tell you how important pakistan is to the united states. the united states has a clear interest in supporting a democratic pakistan at peace with itself and its neighbors. continued engagement is important to pursue the continued defeat of al qaeda. to encourage regional stability and to support economic stability within pakistan. instability in pakistan would undermine what we are trying to achieve in the region. pakistan is located in a tough region and continues to f

mr. chairman and i look forward to your questions. >> ambassador olson. >> mr. chairman, members of the committee, i thank you for the chance to be here today. i appreciate this demonstration of confidence by president obama and secretary clinton. i look forward to working closely with you to events america's interest in pakistan. have served in the foreign service and have worked many of these years in the islamic world, as recently as the ambassador to the united arab emirates. through my career i've been thankful for the support of my family, especially my wonderful daughters. i do not need to tell you how important pakistan is to the united states. the united states has a clear interest in supporting a democratic pakistan at peace with itself and its neighbors. continued engagement is important to pursue the continued defeat of al qaeda. to encourage regional stability and to support economic stability within pakistan. instability in pakistan would undermine what we are trying to achieve in the region. pakistan is located in a tough region and continues to f

maybe ted olson's wife is to be alive and so what dr. carter, mr. carter is saying, and as an agree with, people just don't understand. and it was not open. the laptop was not open and we see that there was recommendations coming out of kleenex with regards to flight schools and who thinks this. and want to make sure that it is not just any future. also i have other questions i wanted to go through, but we are going to do a letter to you on this depressing people just have to think about this. i think you were misleading on the ammerman case. the dates and times were awlaki came in at 4 a.m. washington time, was arrested up in new york at 4 a.m. that's 4 a.m. denver time. so here at 4 a.m., i know a lot of his attorneys work hard, but for yet of what is he? he's probably at home. at 5:40 they drop the case. awlaki is arrested to they drop the case at 5:40 in the morning. now, denver time. then he takes a flight to washington. the u.s. attorney is in denver, wade ammerman is calling from the washington, d.c. area. so all this decision was done by 5:4