i think its important work that ofr does. it's a new body that was created out of dodd-frank and the report that is going to be issued we look forward to and we'll be reading it with great interest. i guess i would ask just one question. to the extent that you have now a body of work behind you, does it give you a different view in terms of what kind of risks we need to be analyzing are? ofr was designed to create a mechanism to support this council's work in kind of thinking, a little bit outside of the box, looking ahead at the risk that is might not come through each of the independent bodies independently. so just ask you the question, what are the things that you took away from the experience you've had with ofr as being the most important takeaways? >> well, as you know, there's a lost important work going on across the council to assess and monitor risks and i think our job is to fill in the gaps between the work that's going on among the agencies and to look across the financial system along with other councilmember o

the ofr is new, but these regulatory agencies, the sec and the cftc know what's going on and should take the lead role and it's important that only if these agencies do find clear and convincing evidence of systemic risk in the investment management industry and that this could be addressed with enhanced prudential regulation should the financial stability oversight commission designate investment management firms systemically important. >> thank you, marshall. the last statement is on j.p. morgan settlement. peter wallison of all people. >> thank you very much, george. .. now banks we know are subject to pervasive government supervision and regulation. as a result they really can not, they really can not litigate with their supervisor. the risks of doing that are extraordinary and there is possible retaliation by the supervisor in other areas if the banks take them on. so there's real concern about settlements that occur between the government and a bank because perhaps that settlement is not the result of each party looking at their options and the evidence of the other side but rather

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when one ofr died the walls crumbled. across the channel, severe weather caused major travel problems in britain during the christmas period. several people lost their lives in weather-related incidents. warnings, some of them severe, have been issued across england and wales. some were moving east, but not before they put a damper on some peoples christmas celebrations. >> let's now remind you of the main world news headlines live from paris. sudan, the united nations has now approved an extra 5.5 gamma 6000 peacekeepers to beef up the force that is already there. that is almost doubling the number on the ground. the country faces spiraling islence, and the country edging towards great civil war. conflict, and the christmas eve is being spent under curfew. you've been hearing, at least seven people have been killed so far in the storms in france and britain. travel disrupted by heavy wind and rain. many are trying to flee to friends and family for christmas. now. time where are we starting? lightheartedt some news for yo

the latest information we have states ofr or not t going to go along, i think 17 states as of right now have go ahead do this, and extend renewals and not cancel the policies. 18 states have decided not to go along with that recommendation and are chosen to go another way. a third.ce is about oure that have not decided still looking to do whatever they think they can under their laws. not surprising that there are different approaches when you have a state-based system as we do. >> has though been anything you're able to do? there has been a lot of controversy over this. some commissioners said they did not want to go. the naic has learned is we do not enter into the policy considerations. it is an ample mention -- implantation job. there are some who are elected. there are some that are appointed by governors. they may be appointed by a commission. in policyent generally. to >> before we leave this topic, to be clear, even in the 17 states that are deciding to go along with that, there's no guarantee that people keep their policies will get the same rates. is that correct? >> that is c

ofre is a high degree fragility, it is coming out of war. we are seeing some of the manifestations of that right now. at the same time it does have political leadership and we are urging that political leadership to push against violence and to find a peaceful way forward out of a very dangerous political crisis. >> do you see it as a political crisis rather than an ethnic one? >> fundamentally this is a political crisis. there have been disagreements between the president and his former vice president. that has erupted into the a fewce we saw in juba days ago and at the same time you have a large country where there have been divisions over the years. there is fragility there. , or as yourou said reporter said, some people are going to take advantage of this. whom violence for begets violence. the most urgent thing is to move quickly to bring the violence under control and make all efforts to seek a peaceful resolution of what is a political crisis. >> what implications does it have for the rest of the region? tremendousit is a negative for

ofre are a lot misconceptions about this breed. it has been shrouded in secrecy for years. not massage them. the guys on the farm drink the beer. genetics,ly about all, stress-free humanely raised. >> what is the cost differential? that stake at a steakhouse might be 50 books. our restaurant in roanoke, indiana, population 1700, we are charging $90 for a five ounce ribeye. in new york, double. >> is it scalable? >> one percent of beef in america achieves prime quality. one percent of wagyu exceeds 100% of prime. breeds,ssed with other basically we can completely change the quality equation of beef in america. foods andsee whole other grocery stores having more of this antibiotic 5, 10 years out? >> absolutely. it will revolutionize the quality of the beef in america, and also, this is healthy fat. >> how do you respond to the anti-beef crew who pushes back against the entire industry? >> when i first had wagyu, i thought something that good enough to good for you. the truth is that is monounsaturated fat. the wagyu have an unusual ability to create healthy meet. there are n

the information has already been stolen now you tell me you ofr free credit monitoring? now they say if you have a loss they will make you whole t you may not kno forwhile. maybe it happens down the road. >> one of the things that is important people have to look at credit accounts and they count on a daily basis. they should do this anyway. to make sure every transaction th see is there's. people may want to replace their cards this could be part their buying ptern people also have to remember gerri: but you cannot find orall on consumers shoulders it just is not good enough. i want you to hear from the people trying to get target to respond >> are you kidding me? after 48 minutes on hold been a busy signal and the call is dropp. completely unacceptable. >> white you cancel everyone's card and reised to everyone since none of us can get through? people would be grateful for the pro-active nature. >> target needs to do more to protect its customers data to restore confidence how come it has not gotten ahead of the news? but 22 days between the time the rip-off started in

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get the mercedes-benz your wish list at the wintervent going on now -- but hurry, the ofrs end december [ sant] ho, ho, ho! [ male announcer ] lease the 2014 glk350 f $419 a month at your local mercedebenz dealer. [ male announcer ] how could a lunous protein in jellyfish, impt life expectancy in the u.s., real estate in hong kong, and the opts industry in germany? at t. rowe price, we understand the connections of a complex, global ecomy. it's just one reason over 70% of our muafunds beat their 10-year lipper average. t. rowe price. invest with confidence. request a pspectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. >> this is not the time to b silent spectators to slaughter. >> we can stop children from being gassed to delta. john: they were, and adults, we did not intervene. what happened? we're back with our panel. what happened? >> what happened, the country did not want to go to another war in a muslim country. the president, and secretary of state, a lot of republican leaders made this aument. it i

ofre is a profound sense saddness. you finally get the word that the chief is gone, it is overwhelming. i think there is an equal amount of joy in festivity. now this major event has happened. i think the family is actually very dignified and holding up well. >> what we know about what is going to happen between now and the funeral day? >> there are a series of protocols that have been put into place that the south african government are executing. on the 10th, there will be a huge rally. the funeral is on the 15th. i would anticipate is one of the largest gatherings of heads of state in modern history. you may even see more at the state attended nelson mandela's funeral than john f. kennedy's. there will be more protocol put in because of madiba's extended illness. there was a lot more time to plan. >> he had said that he wanted a quiet exit, but when he was in pretoria hospital, it was anything but quiet. but he did get to have that quiet when he went back with family, or not? >> we said our goodbyes it while back. h

worth ofr $250 billion duplication and waste per year in the federal government. already. have given us only one time and 3.5 years has one committee done anything about this gao recommendations. it was the labor workforce committee in the house that consolidated 47 training programs into 19. they only had authority over 36. senate has not done anything. no other committee has acted on recommendations that would be stated us hundreds of billions of dollars a year. we are more interested in perception and politics than we are the policy and the future of our country. disgustedshould be with us. i cannot believe these 6% -- the 6%. nobody is doing their job and there is no leadership to get this country out of trouble. host: talking with senator tom coburn, republican of oklahoma. -- member of the government affairs and select intelligence committee. author of the wastebook, the subject of our conversation this morning. that was published this week. joe in georgia on our line for republicans. caller: good morning. spanve been calling in to c- for 30 years, tom coburn is a he

always focus on businesses and non-stocks but the stock has been very interesting because ofre has been a reflection what is going on with the business. as the company started to go public, they did not have mobile, the stock really sold off after the ipo. it is interesting they have chosen this time to do the secondary offering and allow mark zuckerberg and mark andreessen to get out of a large position. >> who else is selling out? >> the company will sell some shares and raise money for general corporate purposes but mark zuckerberg is selling a lot of shares as well as mark andreessen. when we look at the why of the selling, it's interesting. what mark zuckerberg is doing is taking his stock options and realizing the stock options and buying the options. as a result, he could be incurring massive gains because the costume initially was virtually nothing. that taxable gain will be paid off by the sales of these shares. in actuality, he will end up owning more shares at the end of the day because of the converting options. some of the shares will then be sold to pay those taxes. >> let

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f tovensad ofr. > my filyreo - neil y wld hav hght ingn y b -- >>yamil i soreal lef, ght. heyon'tven ete wch - if p o f, boo th leav theoo ne: reall >>ut o bl o'illyhow theyea the roo put m on. we do, b we wilow, il. il i th realleal. il: ke ton real easu. >>hank you nei neil: amazing watching you. look out, espn. fox has a secret weapon, regis. fox sports one looking to become number one and looking to regis to help take them there. first he is here. regis philbin ii next. it's not the "i only earn decent rewards the gas station" card. it's the no-games, no-signing up, everyday-rewarding, kung-fu-fighting, silver-lightning-in-a-bottle, bringing-home-the-bacon cash back card. this is the quicksilver card from capital o. unlimited 1.5% cash back on e purchase, everywhere, every single day. so ask yourself, what's in your wallet? ♪ [ male announcer ] the parking lot helps by letting usnow who's coming. the carts keep eryone on the right track. the power tools iroduce themselves. all the bits and bulbs keep themselves stocked. and the doors even handle the checkout so we can

let me just point out the ofr study was not a regulatory study it is an analytic study. it's a totally separate matter to reach a determination. >> but do you see a clear line between the function's? >> i think we deal with a complex financial system where we have many different players that have different functions. they sometimes look more similar in some cases than others but acknowledging that they are different seems to be necessary to understand. the question is to whether or not there are issues of systemic risk has to flow from a character which each organization is. we can't be afraid to ask the question. >> the chair recognizes the gentleman from texas mr. green for five minutes. >> i think the ranking member and i would like to associate myself with the opening comments of the ranking member and i would like to pursue some of what he said. by the way i welcome you to the committee mr. secretary. i have an article style the top 25 hedge fund managers earned more than all the 500 top ceos together. the first paragraph reads, the best chance of becoming super ric

the evil ofr forget apartheid and its effect on benches,life, separate separate pews in church. whole language of segregation that expressed man's inhumanity to man. was n mandela's struggle made ever more vital by acts of brutality like apartheid. his was a journey that spanned decades from his activism in the '40s and '50s through nearly decades of incarceration through the negotiations that led to the end of apartheid and election to the highest office in south africa. it was, as he said, a long walk to freedom. prisoner in a cell measuring seven feet by eight, here must have been times when nelson mandela felt that his fists were beating against a wall that would not be moved. he never waivered. as he famously said at his wanted to livehe for and achieve the ideal of a democratic and free society. it was also an ideal for which as he said clearly, he was prepared to die. lock long years of imprisonment, he lost all provisions. the sustained him was belief in human dignity, that no naturally superior over any else. work to do. in the end, the cries of an infant who dies becau

>>rose: is there some notion ofr something?> you have to focus, you havetf muscle memory in it too. >>rose: thank you for coming. >> okay, thanks for having me. >>rose: the great ted williamsss when i walk down the street, folks will say, there goes the greatest hitter that ever lived. that he was. he hit .406, that mark has never been met. williams was known for his quick temper often clashed with fans, teammates, his own family. journalist ben bradlee his new book is called "the kid: the immortal life of ted williams," i'm pleased to have ben bradlee here. what is it that makes ted williams so interesting? >> in his death i was struck byl was in his life. he had been a meaningful figure to me. i had grown up outside boston as a kid. saw him play the last three, four years of his career. and i remember when he died, the boston globe was filled with letters to the editor. from grandfathers to fathers, to sons. and he was sort of a glue in the social fabric. and he was a meaningful figure to me. and i'm speed reading the earlier

ofre are lots about -- theoretical attempts to say why. it doesn't really work for this case because it doesn't seem to apply to anyone in canada or india. explain may be long-term why we don't have a multi-party system but he can , given that the republicans came out of nowhere to become dominant, the people's party became strong, it cannot explain why you don't get a short term disruptive upsurge of minor party activity. i think there are multiple causes. it gets harder and harder as time goes on. there is an interesting argument that with the adoption of the australian ballot at the end of the 19th century, we got to a situation where the government had to decide who the candidates were, who would be printed on the ballot. when checked in decide that you get to exclude people. for the next hundred years, the major parties got better and better at creating obstacles. 2000, or 2004, the spent years battling this lawsuit in pennsylvania. it did not have much merit but it served the function of the state. it made hard to go on. that role ha

signs ofr showing strength ahead of the figure that will show business sentiment. the question is whether abenomics is working its magic. business confidence is set to rise for the fourth consecutive quarter. down.break it >> a good morning. very festive. >> thank you. of three points. a fourth consecutive quarter of gains. one is the consumer spending. it is important to get them have a lot of money. that is the april sales tax rise. it is 8% or numeral five percent. the inflation target is 2%. they're going to see the fourth gains. any row of it is a year at abenomics beginning its course. robust fiscal house spending will help as well. companies have been maintaining their upbeat cap expenditure plans. it will be the most positive outlook since 2007. they confirm the japanese economy is recovering and allow the bank of japan to hang off on stimulus. even more than the fed. a lot of manufacturing. it will go up by two points. april. coming in >> we are really referring to the programs. when the lbd party is getting officiated. this in the 26. >> the yen has weake

, when we looking at the media landscape, it is ofr increasing import original content.reated original programming. we are seeing services such as netflix not just repeat so -- shows, but creating their own content, such as house of cards. the investment in programming is ramping up. that is good for folks in hollywood. guy, you have more on this. >> let's continue the conversation. figure out what the situation looks like next year here in europe. listening to that conversation, how different is the story of estates from that in europe? >> the companies we have in europe are traditional. we have fewer plays on the really exciting growth areas with the media. we are maybe five years behind the curve on that respect. storiesthe e-commerce dominate in the u.s.. we are more traditional. we have exciting growth stories. >> the disruption that is taking place in the states in the media industry has been staggering. companies that a year ago were nothing, they seem like they are -- huge amounts of oddballs. what -- eyeballs. there are specifics. europe has smaller countries. l

ofre is from a state kentucky. maybe mitch mcconnell might care about this.also hollywood gets in on the act. there are studios that make television or movies. there is a break for them as well. on the more practical side. for teachers, this matters. for out-of-pocket expenses, they get a write off. that goes away at midnight. you have them across the board. you have those that are very practical, those that matter for individuals. >> we will see these kick and at some point and they grow retroactive when they do that, right? >> the reason why you don't get a lot of people super worried about this is because we are used to do this. much every year we do this where the expires and somebody figures out a way to retroactively in activities same extenders. there is no move to do it yet at all. as part of this, it cost about $54.2 billion to enact all of these for about of year. that is money that congress is having a hard time finding. find 54 point $2 billion, i'm not sure how this moves. a lot to play out. some analysts i have talked to have said you how have t

freedom ofre the speech and freedom of press comes in. with the fed and the treasury. these are the jews. host: i will cut you off there. i want to go you on the janet yellen question. how much role did she have to play in this decision that was announced this today? bernanke said that she was consulted on this and agreed with the decision. februaryind out in whether she is going to continue bernankeng key path -- path. we will be able to judge for ourselves whether the janet yellen fed believes in this policy. the fed is going to have a difficult year because the economy is not really picking up that quickly. there will still be a lot of concern about the pace of recovery, whether it will accelerate at the pace that the fed is suggesting. it will be years before we know whether ben bernanke left us in a far better place than when he started. that eighty know years after the greenspan era, theys were not as good as appeared when he left. people called in the central banker -- greatest central banker ever. those have revised remarks because it left incredible devastatio

day 10 ofr, it is bloomberg television's 12 days of bitcoin. matt has been a great job telling us everything we need to know about it going. today we are talking about bitcoin mining. it is a complicated computational process. >> it is, but it is really the key to so much of the bitcoin network, the bitcoin movement. you've got an open source currency here, right? so, all of the different people in the network are responsible in some way for controlling the process, verifying the transactions, for basically keeping the ledger in order. you can't have everyone controlling the ledger at the same time. otherwise things would get crazy. so they basically devised this lottery system that involves an incredibly complex occupational problem that you've got to solve. the first person to solve the correctly gets to put the most recent page in the ledger, and point,y word -- at this 25 -- every time? so, you did the computing tasks as all this problem, it creates 25 bitcoins to the person who completed the task and then the next time the task of done it

we're going to have more on today's jobs report later in the ofr with the former chairman council on economic advisors and republican congressman garrett. is gettingmum wage maximum exposure. adam will tell you why in insight and action. >> minimum wage getting maximum exposure. action.""insight & president obama on minimum wage and workers in fast food rants, quote, work their tales off and they're still barely living line.the poverty what's he talking about? 35 fact that 35 states, states in the u.s., 35 out of 50 states, this is a real problem, are actually paying more in benefits than you can make if 40-hour workweek at minimum wage. think of that. let me give you an example. florida. this. look at florida weekly jobless benefits, $521. all right? that's an hourly rate of $13.05 the minimum wage o of $7.79. it's incredible to think about that. you're actually better off, at least in the state of florida, not working and collecting your jobless benefits than working a job.um wage that seems crazy. right? as though our priorities are completely backwards. it ought to be the other w

those that are divided cold wars ofre the the region played out in places like yemen or lebanon. he continues to go on. syria is the most dangerous place. >> let's talk about syria right now. it fromways, looking at a saudi perspective, what is the real issue. the united states appears to want to rebalance the region? basically rebalancing the israelis off of each other? -- problem is that the accurate ofbe more what is happening around the region. like what the iranians are fighting for and how the iranians are fighting. if i could just eat your thoughts. >> it is pretty clear that king -- americans handed them a rock. this is a quote that brian read. they still have that view. you're not doing anything about hezbollah. you have troops and expeditionary forces in syria fighting. shiais a matter of the becoming the dominant force in the region. what are you doing about it? you don't even recognize it. i think that is the fundamental view. they are fighting to win. you guys don't even seem to recognize this is a fight with the shia. that is not the american view. >> the problem is

we have spoken about caring for our parents and banning for our some ofres to alleviate the decisionsfor our children. currently, about 12 million have long-term care needs and that number is rising rapidly. across the country, middle-class families are going to the same tough choices on how best to care for overly parents. medicare and most traditional health insurance plans do not cover long-term care expenses. while private long-term care insurance is available, most people don't have it because they see long-term care as something they will never need. additionally, who is going to deliver long-term care services? do we have the right workforce with nursing home costs rising? some families are turning to assisted living facilities or trying to provide care at home. all of these situations raise additional questions and potential challenges. us have heard from constituents about the trade- offs they have to make to provide care for their loved ones. i will give you an example. word -- fromngle inglewood shared she is a full- time caregiver for her 79-year- old mother who is paralyz

ofre are lists of millions people that are categorized by the diseases that they have, ranging from cancer to alzheimer's -- terrible diseases, some of them benign, some of them relating to mental illness. there are lists of millions of people and what prescription drugs they take. entirelyts exist outside of hippa. >> what? federal data -- federal health data protection. it does not apply. this industry that is selling these lists, there has been a lot of mention made of marketing lists.s for these these lists are being sold without constraint. we do not know if employers are buying them, if insurers are buying them. we do not know who is buying them. but the lists are being sold apparently for billions of dollars, which suggests to me that we need to find out who is buying these lists. terms of solutions, my third and final point, we need to expand the fair credit reporting act so that when there are consumer scores that are pseudo- credit scores, that this is drop under the fair credit reporting act so that consumers can exercise the same rights that they would have if the credit score

to put it away and come back to it later, the encouragement of those alternatives really does some ofr me, because these topics are just too uncomfortable to share right away. back and say,ome hey, this is how i felt a few days ago, and this is how i feel atay, and i'm able to look that and say, those feelings passed and they weren't as resilient as i thought they would be, and then to build on that and be like, this is a year ago and this is how i felt then and to be able to look back on is on paper, it is just as real as talking to somebody, but at the same time, it is not as powerful as keeping it inside. is a healthy medium, creating artistically and being able to was as artistically healthy medium for me that i was able to build on overtime. >> we have to stop. thank you to our panelists. thank you, everybody, for coming. [applause] >> [indiscernible] >> thank you so much. >> thank you. [applause] [captioning performed by national captioning institute] theoming up this morning, north american free trade agreement. live at 7:00 a.m. eastern, examineson journal" the affordable care

function ofr is a leadership, not a function of a budget deal. we had caps on. it was the sequester caps. the congress' willingness to live within their means is not there. republicans and democrats alike. the department of defense appropriators do not like our spending. but they will not do the hard work in eliminating the foolishness that is in the expenditures every year. if you actually did the oversight, this is not hard to do. all it takes is someone willing to say, maybe we ought to get rid of these aspects of the bill? it comes down to leadership. committee leadership, subcommittee leadership, it requires people to do the right thing for the right reasons. >> you highlighted a bunch of things that have to do with the military. given that we are supposed to be scaling down in 2014, and you expect more cuts for the military? >> we have not begun to uncover where the waste is. if you look at the military, and you put in modern management techniques, which she did, and we continue this process of improvement -- that is leadership exerted by one woman in her

and i know is really politics really well, where the prime minister of israel through rough a kind ofrsolutely magnificent foresight criticized a deal that he did not know the conditions up and which turned out to not be the deal. in some ways, that gives you an indication that there was at least some political imperative at work here, which i think obviously we can help correct, and it was very interesting to me that the week after the deal, the israeli approach shifted. it was not to criticize the deal, but it was to come to the united states to try to define a comprehensive deal. maybe to get zero enrichment into the competence of deal. that produced, on the hill, a set of reactions. that's tighten up sanctions. let's define the parameters of a deal. others, as you said early on, let's keep this to the six months. that is in the deal. , ifjoint agreement provides you can't come to agreement in six months, the two sides can't agree to additional periods. i think that would be politically hard sledding right now. a maximumhave to put effort into getting a conference of deal, or someth

ofre is not the same level compliance required of them that would support the mandate. some of the gaps in the law which make it difficult but not impossible for businesses to actually get the coverage would specifically need to be addressed. if i could go off the topic of small businesses. it would be essential coverage. offered, that will be and i and some of you have read about them in the "wall street the skinny plan. they will satisfy the employer mandate. when individuals realize they have covers that is not sufficient but what the law required employers to purchase and provide there will be significant backlash lay none of the backlash we have seen so far today. i take the same approach. we are looking at the entrance project. the real issue with health care is the quality is not what it needs to be. aca did not focus on quality. there is a lot more that needs to be done there. insurance, the types of insurance, does not make it very easy for people to comply with the rules. >> thank you for your testimony and good answers. >> i think he wanted to have a few ques

financial system and evaluate risk that may pose a threat to financial stability and for instance, the ofr recently put a study to inform the council's understanding of risk in the sect or. this report provides the council with important analysis to look at whether the industry presents risks to the broader financial system. we also cannot forget the importance of reforming the housing finance system to enhance financial stability. it is important that we work with congress in a bipartisan basis to get legislation to get this done. as the council noted in its most recent annual report, significant housing finance reform is still needed to have clarity to the market and attract more private capital. going forward, we cannot be afraid to ask tough questions with an open mind and without preconceived judgment. and informed by data and analysis, we should act as necessary to promote stability across our financial system. we knew from the start that reforming our financial system could not happen overnight. perhaps if we were building our regulatory regime from scratch or if our financial syste

the only thing that is going to change it is for the american people to quit sending people up ofre with the motivation "how do i stay here?" the reason i am a term limited senator is i don't want to fall into the habit of making a decision on what is best for mike -- for mike political career than for the country. that is why term limits have to happen in this country. i guarantee if you had really strong term limits, the people who would be here would not be the people who are here today. it would be a different set of people. it would be somebody who ran a camera for years and actually knew the hard knocks of life, who was up and down in their profession, who knew life was not there and would apply the judgment they learned in life in terms of applying it to the rest of us. elitism in washington that absolutely stinks. and it comes from careerism. >> you talk about the nfl and the nhl and other professional c6ganizations under the 501 that is -- >> espn put a lot -- put on a nice piece about it. ae fact is, if you are in state that has a pro football team or runs a program off tournam

the evil ofr forget apartheid and its affect. separate buses, separate schools, and even separate pews in church. interracial relationships banned. a rolling which that explained man's inhumanity to man. this was made possible by extreme brutality, and some of this was by south african authorities. ,is journey spanned six decades through nearly three days of incarceration, through his negotiations that led to the end of apartheid. it was, as he said, a long road to freedom. there must've been times when nelson mandela felt that his fists were beating against a wall that would not be moved. but he never wavered. he famously said, he wanted to look for and achieve the ideal of a democratic and free society. it was something for which you -- he was repaired to die. -- prepared to die. what sustained it was the belief in human dignity. and that each person has inherent worth. , the cries of an infant who dies because of will penetrate the noises of the modern city and its sealed cities. nelson mandela pierced the conscience of people

ofre are lists of millions people that are categorized by the diseases that they have, ranging from cancer to alzheimer's -- terrible diseases, some of them benign, some of them relating to mental illness. there are lists of millions of people and what prescription drugs they take. entirelyts exist outside of hippa. >> what? federal data -- federal health data protection. it does not apply. this industry that is selling these lists, there has been a lot of mention made of marketing lists.s for these these lists are being sold without constraint. we do not know if employers are buying them, if insurers are buying them. we do not know who is buying them. but the lists are being sold apparently for billions of dollars, which suggests to me that we need to find out who is buying these lists. terms of solutions, my third and final point, we need to expand the fair credit reporting act so that when there are consumer scores that are pseudo- credit scores, that this is drop under the fair credit reporting act so that consumers can exercise the same rights that they would have if the credit score

internal medicine training at the new york hospital cornell medical center after going to medical school ofre and after several years training in internal medicine. fellowship do a combined in infectious diseases. nih for a to the three year period for my fellowship and did research that basic and clinical and i in love not only with the concept of discovery and science that has to do with health but the extraordinary electricity of atmosphere here at the nih. new york for a year to complete the training as a en came back here senior scientist and have been here ever since. place.n extraordinary and diversity and interaction and communication is sometimes jokewe around but it isn't a joke. i would do it for nothing if i opportunity. it's such an exciting experience. appreciate the chance to talk to you and other experts on show our audience going there. this past week president talking aids aids as part of world day and another $1 million in aids resoeufplt here's what the had to saeufplt i want your reaction afterwards. announcedd aids day i drug llion for the aids assistance program which h

ofre is resonance of united what people are saying. the opponents and supporters of the mandate are saying, how can corporations have religious conscience if they support speech but conscience is something internal to their head? the court will decided that by the end of this year. the other issue that is still in the lower courts is a competent question about whether there can be subsidies for people who purchase insurance on the federal exchange and states over the states have not put out the exchanges. gethe texas, if you want to , purchase insurance, you have to go to the federal exchange. that itute is written provides subsidies to people who .uy them all state exchanges it is not clear it will provide subsidies to people who buy them on the federal exchanges. there is litigation about that going on in the lower court. on the latter when i would expect it eventually the federal changes will get the subsidies as well. host: victor is next on the line for democrats. good morning. caller: good morning. merry christmas. i have two que

it's part of the ofr created with the research. i think we can't be afraid to ask questions. it doesn't mean you know the answer when you ask a question. we have to follow data and the analysis where it takes us, and we have to do it in an open-minded way. time of the gentleman is expired. recognize the gentleman from kentucky for five minutes. >> mr. secretary, welcome to the committee. is the commission of the export-import bank to support u.s. export and jobs for u.s. workers? >> to promote opportunities for which is good for the u.s. economy. >> is the mission to pick winners and losers among the u.s. industries? >> it's to level the playing field of the world they have ability to compete a fair way. the reason why i ask the questions i'm from kentucky, and like chairman from a coal-producing state share our concern about treasury directive and policy with respect to the coal sphri. we want to see a future for the coal industry and the vitality of the coal industry. with respect bawl of the policy of the administration over the last couple of the years. with respect to th

ofre is a whole variety reasons why these guys have been fired, but 200 is a lot.ost: you can always reach us by facebook, e-mail and twitter. back to this issue, in terms of the amount of money that is proposed to be cut for the defense department. what is that? aren't republicans part of the process, to? sequestration is something that both republicans and democrats agreed to in congress. talk about theto half trillion dollars in defense cuts that obama has orchestrated. with got to remember that it was president obama's idea. some of the republicans had signed onto sequestration because they felt that that was the only way that this administration is going to stop spending money. we're getting to the second year of sequestration and we don't really have any relief in sight. is a 10 year program. that wewith budget cuts have under president obama, we're looking at a cut of 100,000 ground troops. i got a brief from the house armed services committee recently and if sequestration goes a whole 10 years, we can expect to lose about 20% of our navy ships and 20% of ou

because ofred differences with regards to regional conflicts and soviet support for their allies.now, evenwondering, if we make progress with iran on the nuclear issue, is this possible if they continue to so strongly support serious and hezbollah and similar allies of theirs? are we bound to disagree on this? it does not seem to be part of our conversation. thank you. >> thank you. that is a good question. i would agree. during the cold war, the international competition between the united states and the soviet union was a zero-sum game. if we did well, they were on the short end of the stick. if they did well, we were on the losing end. that is how it was. the only exception was not the era of international cooperation. wewas an agreement that could enter into some arms control agreement and our mutual interest. in terms of the international arena, it was a zero sum game. what we have seen in some of these limited cases, there have been some opportunities where we have been able to work together. hopefully, with respect to the iranian nuclear program that will be another you are

ofre is resonance of united what people are saying. the opponents and supporters of the mandate are saying, how can corporations have religious conscience if they support speech but conscience is something internal to their head? the court will decided that by the end of this year. the other issue that is still in the lower courts is a competent question about whether there can be subsidies for people who purchase insurance on the federal exchange and states over the states have not put out the exchanges. gethe texas, if you want to , purchase insurance, you have to go to the federal exchange. that itute is written provides subsidies to people who .uy them all state exchanges it is not clear it will provide subsidies to people who buy them on the federal exchanges. there is litigation about that going on in the lower court. on the latter when i would expect it eventually the federal changes will get the subsidies as well. host: victor is next on the line for democrats. good morning. caller: good morning. merry christmas. i have two que

lot ofre a countries that have extra be bad ifand it would health care grounded out other things we dobasic research on science. that would be a bad thing, but we have not seen that happen yet to a great degree. host: david, from clearwater, florida. caller: good morning. allegationlicy, an -- and allocation of income, i'm worried about the $.30 they theye for local bread then charged a year ago. gas prices are up, that is not reflected. i do not know if it covers the cost of transporting the stuff, i dohese are things that not know if they are in those figures or not. certainly my cost of living has increased substantially. i am retired, and working full- time. allocate theif we military into the economy? host: when you marry three percent increase of the consumer price index, that does not set well with you? caller: it doesn't up here on my grocery slip -- appear on my grocery slip. host: you call this the pce, what does that stand for? guest: it is the technical term for consumer spending. rent,ealth care, your your computer the dubai, -- tgha buy, they are all being aggregated into

sugg the firmfoundation ofr loanng fridship. van dyck onlremainingmythologik from his english period, probably painted for the king a qen, ishiwonderful poetic image representing the myth of cupid and psyche. psyche, a beautiful mortal, was sent by venus to the underworld to meet with persephone and bring back a box containing the secrets of her beauty. when the curious psyche opened the lid, she fellnto a deathlike trance van dyck depicts the moment cupid diovers her and reacdown to wipe the sleep from her eyes. ilawake to fall in ve witpid and be raitoimmortitby . one of t most poignant ofall os is tieship poraitofwo men broue to sre tragic ss. om kilgrew res his arm on the base a brokecolumn, symbol of foitude and de in her memore bounr wedding ring to s ist and pinned cross over h hrt. in an image as eloquent as an elegiac sonnet, van dyck includes the wife's brother in the composition, as if to offer solace to killegrein his deepest gef. van dyck portrayedhe englishco, but thurt's ideals gave way to harsh realities. by the