mr. rubin. mr. rubin: thank you, senator alexander, senator murray and members of the committee, thank you for giving me this opportunity to testify about the practical impacts of the national labor relations board browning-ferris decision. i would like to focus on why the board's joint employer standard is entirely consistent with the purposes of the national labor relations act and why the board reached the proper result on the actual facts of that case. i had more than 30 years of experience representing low-wage workers in industries like warehousing, production and janitorial services. in those industries and in others where the use of perm and temp employees have become common, violation of wage, hour and discrimination laws are rampant. often, those violations can be traced to the economic pressures that result when a company that in the past would have employed those workers directly instead decides to obtain its workers from a staffing industry and tries to contract away from the staffing ag

mr. rubin: there really is nobody to play the role that the united states has played for many, many decades now. i think we pair -- play fair trading rules and there is a whole host of issues, no one will play the role that the united states can play. ms. sandberg: the role of america, changing? mr. paulson: it is changing, and all of my friends appear, they -- all of my friends appear, as tim said we are the strongest and the biggest economy in the world, and if i don't see anyone out there -- and i don't see anyone out there who can fix the problems that we can and we have to lead by example. sure, the political system makes a heart for us to do this today, but i think the thing that we need to do is to show leadership and first we have to correct and have our own economy perform well because we have to be a good example ok? so it starts with what we do at home, and secondly it means showing economic leadership abroad. take china as an example. now, china has got many more problems than we ha

as mr. rubin indicated, the documents are now less redacted than they were previously in part because other agencies like cia lifted their redactions. again, any remaining redactions that are cia redactions are pursuant to discussions that we've had with the staff directors here. >> so is the cia the only redactions that are there now? >> i can't speak to that, i'm afraid. >> mr. ruben, is that the documents, the 40,000 pages, only the cia redactions? >> so the different agencies that have redacted in different areas cut across the entire interagency as all -- many agencies involved in foreign policy. i'm sorry, sir. >> no, i'm sorry. do we know what agencies redacted what parts of -- >> we'd be happy to meet with your staff to go over specific documents to identify where those redactions came from. >> ok. but you know where they came from, the redactions, and why they're there, right? >> again, if another agency did it, we would engage with the committee staff and with that agency to help figure

mr. rubin, you talk about this false choice that i think in your opening statement that mr. rhodes set up and used this echo chamber of folks who literally know nothing to further this message to the american people, this binary choice either it's the deal or it's war. that's what he set up, right? and the thing that strikes me, mr. chairman, i won't take my full time here, i just wanted to make this point is, so this isn't the first time this administration on some big policy decision has deceived the american people. but maybe more importantly, it's not my judgment the first time mr. rhodes on a big policy issue, on a big concern to the american people, has tried to deceive them. mr. rubin, you're getting ready to say something, go ahead. >> the deception comes oftentimes in the way of cherry picking. if we want to look at previous iranians offers or acknowledgements of letters, for example, what's actually interesting when supreme leader khomeini on the 30th anniversary of the seizure of the

mr. rubin? >> mr. chairman, and i'll reflect back if i may just in response to your question for a moment on the days when i ran goldman sachs, when you're running a large organization, or i'd say even a medium sized organization, what you can do is look at the people you have in place, look at the aggregations of risk, which the citi would have done very well by david bushnell, but there isn't a way in an institutions which has hundreds of thousands of transactions and trillions of dollars a day running through it that you're going to know what's in the position books and i wouldn't know it when i was running goldman sachs and you wouldn't know it sitting on the board of citi either. you depend on the people there to bring you problems when they exist. in this case, you're talking about a little of granularity -- level of granularity, which is why a board has such a strong responsibility making sure they have the right people in the right places. >> >> not to interrupt, you had weekly business meeting

mr. rubin? >> mr. chairman, and i'll reflect back if i may just in response to your question for a moment on the days when i ran goldman sachs, when you're running a large organization, or i'd say even a medium sized organization, what you can do is look at the people you have in place, look at the aggregations of risk, which the citi would have done very well by david bushnell, but there isn't a way in an institutions which has hundreds of thousands of transactions and trillions of dollars a day running through it that you're going to know what's in the position books and i wouldn't know it when i was running goldman sachs and you wouldn't know it sitting on the board of citi either. you depend on the people there to bring you problems when they exist. in this case, you're talking about a little of granularity -- level of granularity, which is why a board has such a strong responsibility making sure they have the right people in the right places. >> >> not to interrupt, you had weekly business meeting

mr. rubin and mr. higgins, i think both of you have something in common with every member of the committee, which is a deep and abiding respect for the four people who gave their lives for this country. so i think that you share our desire to do what the house instructed us to do. and you'll note the department of justice is not at the table. you made reference, mr. rubin, to the department of justice. ms. sanchez made reference to the department of justice. and i asked her to yield time so i could clarify that. and she's well within her rights not to do so. the department of justice did write us a letter. and we met with them. and we addressed the concerns that they had about protecting the integrity of their prosecution, which i can assure you, given my former line of work, i want them to be wildly successful with their prosecution. so i would never do anything to jeopardize that. we met. we discussed it. we worked out the issues. they're not at the table. that's why they're not at the table. i don't

mr. rubin, mr. doran, mr. hannah, thank you for your testimony and for providing valuable information to this committee, which sheds lights on the deceptive manner in which the obama administration sold out the american people and our allies across the globe with the iran capitulation agreement. even when presented with the facts, like the facts each of you have laid in your testimony, the administration balks, doubles down and tries to discredit anyone who disagrees with their false narrative, including me. when asked about ben rhodes revelatory interview with the new york times magazine, press secretary josh earnest dodged and decided to lambast several members of congress, including me as liars, truly eliciting alinsky's principles to their core. why? because i said that under this illegal iran deal and lifting sanctions that iran would be able to assess up to $100 billion that was previously frozen? his treasury secretary, jack lew stated yet the sanction really could be worth about $100 billion. the presi

mr. rubin. thank you for the opportunity to testify. the major iran related issue [indiscernible] embraced the voluntary compliance with the additional protocol when previously ronnie had bragged that voluntary compliance allowed iran to reverse course. have iranians transferred work to labs in north korea? we will never know. another where it misled was rouhani as a moderate. withuffed his cabinet veterans of the intelligence kgbstry constructing a cabinet. in 2005 he laid out a doctrine of surprise. love the americans into complacency and deliver a knockout blow. it also misled about who benefits. the real tragedy is it pumps money into the coffers of the revolutionary guard. between 1998 and 2005 the european union almost tripled its trade with iran and the price of oil quintupled. a spokesman bragged about how he had defeated the west and we had an overt policy which was one of negotiation and can't does confidence building and a covert policy which was continuation of the activity. the pro

mr. rubin: i think hank has said it reasonably well. [laughter] mr. rubin: probably. probably. mr. geithner: one thing in praise of hank, it is a very simple thing, but in these kind of questions, whether it is china or coming back to the basic craft of governing is that the huge thing that matters is that you are putting yourself in the shoes of your counterpart, trying to look at the world through their eyes and tried to figure out what is important to them, what -- trying to figure out what is important to them, what is important, and i think hank, you demonstrated how high the return is on that kind of investment because you worked so hard to build trust with people who were unlikely to trust you as a capitalist from a goldman sachs. you worked very hard to build that basis of trust, and i think that is fundamental to much of what is necessary. mr. rubin: i would like to add one more thing if i could mention it, hank and i wrote an article that will come out at the end of may in the atlanti

mr. rubin: yes. ms. sandberg: tim, you seem to have started this trend. hank, and a special sock behavior? iphone or android? mr. geithner: iphone. mr. paulson: iphone. mr. rubin: blackberry. ms. sandberg: most economically literate president. mr. rubin: i think bill clinton was massively illiterate -- massively literate. mr. paulson: george w. bush. mr. geithner: i would say it has to be obama or clinton. ms. sandberg: paper or kindle? mr. rubin: paper. mr. paulson: kendall. ms. sandberg: news online or on paper? what do you do to relax? mr. paulson: you do the same thing i do. fishing. mr. rubin: but i really do it well. mr. paulson: he may cast better but i catch more fish. mr. geithner: i do that too but i read. >> on next washington journal, virginia congressman gerald connolly is here to talk about the debate over nsa surveillance programs, the fight against isis in iraq and syria, and other foreign-policy issues in congress. then representative steve king of iowa, a member of the agriculture and judiciary committees will discuss the future of the ns

mr. rubin said that a code compliant alternative was studied. it was not. what was studied was something that significantly reduced the square footage that has been proposed for this project. it did not go any higher. they say because they don't want to build that project but that is not the determination that is a post to be made or put before decision makers. the city is supposed to exercise its steady at about the region a range of alternatives. you cannot just except what the developer comes in the door with. that is what happened here. again, i need to push back on this idea because we have to have simple issues. this was not sufficient for the reasons that i outlined it and i don't think that anything from the planning department or mr. rubin changes the assertions that i made earlier. thank you. >> are there any final questions? at this time, this hearing has been held and closed. these items are in the hands of the board. >> in reading both the appellate brief and also the brief for a 350 mission, one of the major contentions of the appellant is whe

mr. rubin: there really is nobody to play the role that the united states has played for many, many decades now. i think we pair -- play fair trading rules and there is a whole host of issues, no one will play the role that the united states can play. ms. sandberg: the role of america, changing? mr. paulson: it is changing, and all of my friends appear, they -- all of my friends appear, as tim said, we are the strongest and the biggest economy in the world, and if i don't see anyone out there -- and i don't see anyone out there who can fix the problems that we can and we have to lead by example. sure, the political system makes a heart for us to do this today, but i think the thing that we need to do is to show leadership and first, we have to correct . who wants to follow -- we have to be a good example. it starts with what we do at home. secondly showing leadership abroad. take china as an example. china has many more problems. as i have said over and over again, you can make a mistake and ov

mr. rubin. >> thank you for giving me this opportunity to testify about the practical impacts of the national labor relations boards browning ferris decision. i would like to focus on why the board's joint employer standard is entirely consistent with the purposes of the national labor relations act and why the board reached the proper results on the actual facts of that case. i've had more than 30 years of experience representing low-wage workers in industries like warehousing, garment production, and janitorial services. in those industries and in others where the use of perma temp employees has become increasingly common violations of laws are rampant. often those violations can be traced to the economic pressures that result when a company that in the past would have employed those workers directly instead decides to obtain those workers through a staffing agency and then decides to contract away to the staffing agency all responsibility for legal compliance, particularly in low-wage indust

mr. rubingive you many answers. obviously the colonial system , created an arab world in which these people never learn how to govern themselves. the sunnis are fighting the shiites, which is crucial with what is going on with islamic state. there is the question of saddam hussein getting it all started by invading kuwait. there is president bush invading iraq in the first place. there is president obama pulling the troops out perhaps prematurely, and then there is the whole question of syria creating basically a vacuum into which the islamic state now has a place, a home, in which they can plan, train, and organize, and as the french president said, this operation in paris was planned there, so i think there is plenty of blame to go around, and i just hope that the politicians, the leaders can get this blame throwing phase over with quickly and start to focus on what is really, really important, which is how will the world be organized to gather itself, its powers together and eliminate this,

mr. rubin just discussed. before that is hiding the regional cost. the president has, in effect, recognized syria as an iranian spear of influence. one of the goals of the deception of mr. rhodes is to prevent people from connecting the dots between the syria policy and the iranian nuclear policy. the fifth part of the deception is blaming allies. the white house on background is on public -- in public very willing to criticize our sunni allies as creating secretary and extremism. it is willing to criticize and very derogatory terms prime minister yahoo! of israel. minister-- prime netanyahu of israel. now what we need to do about this. two points. number one, i agree with you chairman that we do not actually know what is in the iran deal. we still did is they do not know. i completely agree with your assessment about the activities of secretary of state kerry in europe last week. drumming up business with the iranians and they are saying this is part of the deal. is it part of the deal or is i

[applause] mr. rubin: thank you. for those of you frightened by the notion that i am going to be keynote speaker, i'm not going to be a keynote speaker. i had about 30 minutes of comments and i thought everybody would find them fascinating but he did not seem to think so. we're going to pass on that.

mr. rubin thank you, mr. chairman. i appreciate the opportunity to testify today. the financial crisis has taken a terrible toll on and in some americans, who have lost their homes, their jobs, their savings, and their confidence in the future of our economy. better understanding the cause of the crisis is essential to protecting our nation's economic future and to be effective financial reform. i hope that my experience at goldman sacks, the national economic council, the treasury department, citigroup, and as the chair of our nation's largest, inner city, development organization, can be helpful to this inquiry. let me may to group relevant observations. first, -- let me make two relevant observations. during my time at treasury we dealt with the mexican financial crisis and later the asian financial crisis. in both cases, our approaches on balance were successful, we still learned an enormous amount from looking back at what happened. secondly, as policy-makers address financial reform, it i

mr. rubin, i'm going to start with you. on november 17th of 2007, there was a meeting between executives at citigroup, including yourself, and you were there briefly, i believe, at the meeting. then mr. bushnell was at the balance of the meeting. this was a meeting with the senior supervisors from the federal reserve bank of new york, the federal reserve board, the occ, the s.e.c., the ukfsa, and at that meeting, there are notes as to mr. bushnell's assessment of what he thought had gone wrong, and he mentioned, among other things -- and i might add, these are notes, not his exact words -- poor communication across businesses, decentralized nature of firm, senior management business line and risk management did not fully appreciate the market risk of the leverage loan pipeline to retain supersenior cdos. corporate-wide stress testing and analysis was insufficient. the firm did not have adequate firm-wide consolidated understanding its risk sensitivity factors. the nature and origin of the side of the cdo exposure were surpri

mr. rubin, i will start with you. ai and cyber criminals. are they using ai to deploy ransomware attacks? >> thank you, congresswoman. this is a threat that we are watching very clearly at palo alto network. threat intelligence standpoint, we are also doing testing in our own labs to recreate potential capabilities. at this point we are not seeing any new or novel attack techniques generated by ai. >> what kind of defenses do we have against ai powered attacked? >> right, we have the able to use ai to our benefit to help protect our organization. >> and then i want to ask everybody a few questions. atlanta fed published early this year there's 144% increase in ransomware from 2021 that's massive. is this across any specific sector, government, private, large or small, certain industries or evenly spread throughout? >> we see these primarily as crimes of opportunity where the threat actors find vulnerabilities and attack those vulnerable. >> they said that their average ransom payment, i cannot

mr. rubinthe names of the people or organizations known where russian recruiters work in africa, from which countries they operate. we know for sure that the leader of the african initiative news agency is a man named arm kureev. and also participated in solving other issues. now you can imagine what he is actually doing , he is recruiting local residents. some of them were involved in the military campaign, which has thrown west africa into chaos and caused great harm to the local people. now they have decided to gather all these scoundrels together to convince africans. to refuse the medical care they need. our goal is to draw the attention of journalists, governments and people in africa to the russian disinformation campaign that is depriving people of the medical care that is so needed in this region. and in this news item, artem kureev is mentioned, and this is nice, and this is a big surprise, artem kureev today we have in the studio, so that he can expose this fake personally from. face

mr. rubin's project sponsor. in terms of the deferred fees, when do you expect those to be paid to the city? because those are based on, is it occupancy? >> deferral fees. >> the first certificate of occupancy. we expect that to be early 2015. >> okay, thank you. >> just to clarify. so, the transit center fees would be -- they're at the current height or at the proposed height? based on -- >> transit center for the additional floors. the original building was before the transit center plan was adopted. >> got it. >> commissioner hillis. >> so, i would agree with commissioner sugaya. i'm supportive of the six floors [speaker not understood] the 700 feet we have zoned for. my question back to the fee deferral, i'm confused. the staff report, i believe the project sponsor's understanding before today was the fees on the additional six floors weren't deferable. you were going to pay those. is that correct? the new transbay fees -- >> that is what i said. that was our assumption. we've learned today that they are defe

. >> mr. rubin in his statement said the project was done in good faith, and i tried very hard to negotiate interface, and they encourage me to negotiate, and as time was running out, i had to file this appeal. his wife called me twice and said they are working hard to affect it. thank you. >> mr. rubin. >> the building has not been expanded at all. the staircase is the only issue, and that is the issue before you. all of it was signed off by both. scott sanchez suspended a permit to give himself the time to investigate. he lifted it was properly done. thank you for lifting this. goo>> can you explain how many permits there are? >> not off the top of my head. >> there were two permanent taken at the same time in july of last year, and one was for the voluntary seismic of grain. they originally started out wanting to do kitchens and baths.

mr. rubin's project sponsor. in terms of the deferred fees, when do you expect those to be paid to the city? because those are based on, is it occupancy? >> deferral fees. >> the first certificate of occupancy. we expect that to be early 2015. >> okay, thank you. >> just to clarify. so, the transit center fees would be -- they're at the current height or at the proposed height? based on --

mr rubin left the company in 2014. google fell to a new york times report that android creator andy rubin received a $90 million exit package despite facing misconduct allegations. mr rubin left the company in 2014. shares enough about which owns google felt delivered pursuant —— 3% after it reported revenues of almost $34 billion for the three months to september, less than analysts had expected. as we told you on the ticket with the leaders of asia's dubious economies, china and japan, are holding their first bilateral meeting in seven years. the last timea meeting in seven years. the last time a president she and her minister on a met, there relationship was arrived at the least. there were issues such as territorial disputes. but they both seem territorial disputes. but they both seem eager territorial disputes. but they both seem eager to improve their ties and president trump plays a major role here. corporate consultant and says the two countries need to protect themselves amid the us trade tensions. forjapan, c

mr. rubin, you cite figures showing that in industries where outsourcing is common, studies have shown significantly higher levels of employment law violations, lower wages, and job security. these figures confirm what i've been hearing in minnesota from subcontracted janitors across the twin cities area who have been fighting the bargain for better working conditions. can you tell us what your 30 years of experience representing struggling low wage workers have shown you about the fissured workplace and what do you think has been the effect of narrowing -- and what effect these long-term pressures have been on workers' wages and the opportunities for americans to work their way to middle class life. >> it's had a significant decrease, wages are lower, there are fewer benefits. i've experienced this in case after case. workers fear a complaining, bringing lawsuits. they can't find attorneys who would pursue claims. they have no right to bargain. the percentage of bargaining in these industries

mr. rubin's anson. we negotiated extensively with him, and we entered into a letter agreement that is attached to our brief period of that is the result of extensive negotiations. the consultant approved those plans. we thought we were done. if you can tell in his brief, there are no objections to this plan that is subject of affirmative that has been appealed. the permanent that he is arguing is 2,011.03162. the planning department never makes a mistake. [laughter] except when it comes to parking. the permit application has been approved by planning and approved by the building department. you will hear from scott that says this is a validly issued permits. it was issued on march 25, 2011. they relied on the issuance of the sperm that and have spent substantial sums of money. as you can tell, it is built. it is done. i should know that as part of the settlement agreement, those exact lands were shown to mr. rubinson, it was approved by his consultants and it was approved by him. i am embarrassed to say

mr. rubin, i recently went to russia and i got the sense that mr. putin is sort of going back to a cold war mentality. this is more of a philosophical question. do you believe thatto russia's intent on reconstituting its empire? >> i think as i said earlier, i don't really want to speculate about why russia is doing what it is doing because honestly we don't know and i think what we have to judge simply what is russia doing? what wey ru see russia doing ist has caused so much concern and that is intervention on the territory of another sovereign state through military force and other coercive means. >> my time is limited. which they have done prior. i think we learn from history they invaded georgia. and then, they continued to occupy georgia. i think that is very instructive as to the ukraine experience today. in fact, crimea just voted to join russia. it was announced today. i'm concerned that the same thing that happened in russia will now happen in, happened in georgia will happen in ukraine and i don't know if these sanctions will stop that. th