disparities as a major global risk over the next decade. well we noted two major over overarching trends one very much is this issue of economic disparity because if you have a growing economic disparity within a country you have reduced social cohesion and for a country just like a family to get through a crisis they need to come together they need to work together and trust one another now we've seen for example in places like a screen that have a sense of social cohesion when they went through a major financial crisis or in the early one nine hundred ninety s. they got through it quite well because they actually work together and if we look around the world as we look to confront these challenges it's important if societies are pulled together and one of the indicators of that is whether or not there is growing or less than economic disparity another big challenge at the global level though is the inadequacies of the global governance system to actually identify and address these challenges in a coordinated fashion we're seeing this with

there's always a risk when you talk about high-risk medicine, but it's worth the risk to use the skills that you learned in your medical school and residency training and fellowship training to help restore function, alleviate pain and restore life to individuals. unless a reform such as those previous ones you've outlined is implemented, that just won't happen. >> dr. hoeven, i have to tell you i'm extremely grateful to the medical community because of having them have a tremendous impact in my own life. i had major surgeries starting out at birth, and so i think that, you know, the importance of allowing doctors to pursue that calling that they have to try to help heal their fellow human beings is a profound significance in our society. if i could ask sort of a hypothetical or ask you to reach out, if you could do one thing -- dr. weinstein, i'll put you on deck, too, to answer it. if you could do one thing in terms of public policy we might pass that would strengthen the doctor/patient relationship, that would allow you as a doctor to work better with your patients and would also del

if you phase, let's risk. there will be risk allocation discussions flexibility there. finally on the issue of the resource mix son we will still be planning the phase two, our in-city renewable, the most exciting part of the program, i think, and the other renewables that are the development that we will be doing ourselves. and that will be part of those negotiations as well about when we layer that in, which will be as quickly as possible. so i think with that, i will take any questions. >> colleagues, do we have any questions on the presentation? i do have a couple of questions that i wanted to just follow up on. thank you for your presentation, mr. campbell, thank you miss miller. in terms of the two ways forward you described, so the decision of which one or combination thereof to go with that's left to the p.u.c.? >> yes, sir, it's left to the p.u.c., the staff's recommendation will be to go with direct negotiations. that's what will be planned for being presented at the meeting on february 8th. >> and in making that choice, is there any change to the legislation

would you be at risk? sometimes we attribute at risk to perform characteristics. sometimes the environment. we adjust. growing up. i needed to leave the environment. i am talking straight up. to survive, i grew up on the streets. the word i did at chad. the number one book that's popular, what book do you think it is? i hear the bible. beautiful. what is it? i have heard that one too. you know what it is? it's called the art of seduction. the first section is called choose a victim. what has happened is this. as an educator. someone who works with gang units. we created oxymorons. we created good people who i think it's good to be bad. we teach them them that passing the standard is success. there is a difference. 3 words they taught me. do you think what 3 words. this is from their world, at riskness. you know what the 3 most powerful words are? i tend to think in love, faith. you know what they said? hate, jealousy and revenge. i am listening to that. i said, we need to go beyond that. what do you think strategically. i still remember. i went to a debut taunt ba

on equity to take more risks? the assumption is that more equity capital, uh, somehow reduces risks, but that's not entirely clear. >> dean, i don't know if you agree with that, but if you do, that it's not possible to do it, what does that mean for dividual investors, or even large investors, uh, not being able to count on the, on the anti-abuse aspects of this situation. >> well, i think i might be a little more optimistic than peter on regulation. i think we actually haven't done that bad a job. i mean, you know, 2007, 2008 was a serious meltdown, no doubt about it, but the fact was, we went a long time without a serious meltdown. so, um, i would be a little more positive, you know, in the track record of regulations through the '50s, '60s, '70s, that kept the, the banking system on hold, pretty much crisis free. so, we do, i think, have a decent history. but there are certainly problems with regulation, and i focus on a couple different issues. one is, you know, peter's exactly right, this issue of moral hazar

that would be at risk. thousands of lives and millions of dollars and it says basically our internet exchange points, routers and name servers could be critical internet infrastructure. they might be subject to the requirements of legislation you are anticipating. the internet is very decentralized. any pack ice and, routers around the world could handle traffic. the question would be would all internet rodding and transfer equipment be considered critical or just some? if only some how would you guys figure out which parts of the infrastructure have to be subject to requirements? >> that is directed to the homeland security committee. i will take first shot at that. our legislation starts out with tear one and tier 2 critical infrastructure with department of infrastructure with a baseline to determine what is and is not critical infrastructure. the process that is defined by law, standards for what gets you on that tier 1 or tier 2 list is laid out. and will try this but don't hold me to the exact standar

we already manager for variability and risk. we build homes in earthquake zones not knowing how big or when the earthquake will be. but we manager risks and we have lots of tools for doing that management but we're not doing enough yet. either in planning or actually on the ground action. we do need to take more on the ground action. ultimately the impact will depend on our ability to for see major changes and do the analysis and adopt and implement changes and this is in the face of surprises, because as much as we know, there will be surprises and things we won't know in advance, and we rely on our ability to be innovative. thank you very much. [applause] this is main street on a one to five hundred year flood. mississippi river. this is my last slide. >> thank you very much. we're going to look for questions and we have people with microphones that will take your questions. one quick comment i would like to make and i agree perhaps we're not looking at water manager's solely as climate change for doing things, but water manag

and economic risk of just emphasized putting the health risk aside for a second because of course monsanto will hire the same lawyers to argue that these are healthy that the oil industry hires the same front groups the same scumbags so come in there and defend monsanto defend exxon but economically it makes no sense if you're an indian and you have a killer terminator seeds don't reproduce on their own have to buy them from monsanto every single year you're committing economic suicide in the end we get e-mails every day from india saying what are you to cover india they give you store in india your big slap the face was you know good luck like you just don't so well here are some of the other health risks involved rodents fed g.m. corn as the french had rejected this g.m. corn well in rodents it caused i mean system responses and signs of toxicity and studies showed organ lesions altered liver and pancreas cells changed and so on levels etc now the other part of this is the moral hazard because americans accepted that in one thousand nine hundred two when michael taylor was the head of th

we are taking risks.hose risks and the paying off for people. -- end up paying off for people. one part of the project is training people to plant their own crops. they did, but then came drought and disease. here is the devastation caused by crop failure. there should be miles of sorghum fields here, but disease came in and killed them. this is what the staple diet is meant to look like. this is where the disease moved in and kill them. this creates difficult decisions. there is plenty of food aid in the tented warehouse. but under the new scheme, crop failure does not automatically qualify. only the very needy receive it. magdalena got her last food handout in november. now, she says she is running out. that are saying the food aid has stopped completely. she talks of having to forage for food in the bush. >> i am frightened. i do not know where the food will come from. the children -- what will happen to them? >> there is a final fall back, eating old goat skin, with a chilling familiarity about it. fu

, we are taking risks but in the end, those risks are paying off. >> with difficult decisions.there is plenty of food in the warehouse but now the only a very few will receive it. a woman got her hand out in november. now the food is running out. they are saying that the aid has stopped completely and the only have enough supplies to last a week. she talks of having to forage for food in the bush. >> i am frightened. i don't know where the food will come from. what will happen to the children? >> there is a final fall back, two in raw old goat skin. this is a chilling familiarity hungry children will eat this down. they have done it before when food is short and they are doing it again. the head office plan perhaps but how long did you withhold food for children of forward to this -- before children referred to this? >> a look into the life of frederic chopin, he was plagued by illness all his life and he probably had epilepsy. two spanish doctors have said that temporal lobes epilepsy could account for the hallucinations that chopin experienced in his life. he died of tubercul

stelara® may increase your risk of cancer.l your doctor if you have any sign of infection, or have had cancer. alert your doctor of new or worsening problems including headaches, seizures, confusion and vision problems. these may be signs of a rare, potentially fatal brain condition. serious allergic reactions can occur. tell your doctor if you or anyone in your house needs or has recently received a vaccine. with 4 doses a year, after 2 starter doses, it's stelara®. [ male announcer ] there are snacks. and there are better snacks. quaker chewy, 25% less sugar than the leading sweet snacks, no high fructose corn syrup and the goodness of whole grains. >>> and now, a look ahead to the stories that we'll be watching on this wednesday. president and mrs. obama host their third state dinner. this time, for the president of china. tonight's dinner follows a day of meetings between president obama and president hu. >>> the fbi is hoping a $20,000 reward will help find clues in a domestic terrorism case in spokane, washington. someon

took some foolish risks as a teenager. but i was still taking a foolish risk with my cholesterol.th high cholesterol may be at increased risk of heart attack. diet and exercise weren't enough for me. i stopped kidding myself. i've been eating healthier, exercising more... and now i'm also taking lipitor. if you've been kidding yourself about high cholesterol...stop. along with diet, lipitor has been shown to lower bad cholesterol 39% to 60%. lipitor is fda approved to reduce the risk of heart attack and stroke in patients who have heart disease or risk factors for heart disease. [ female announcer ] lipitor is not for everyone, including people with liver problems and women who are nursing, pregnant or may become pregnant. you need simple blood tests to check for liver problems. tell your doctor if you are taking other medications or if you have any muscle pain or weakness. this may be a sign of a rare but serious side effect. let's go, boy, go! whoo-whee! if you have high cholesterol, you may be at increased risk of heart attack and stroke. don't kid yourself. talk to your doctor

, you got the incontinence and impotence risks, what other risks -- what are the negative -- what's thenegative downside of radical surgery? >> i think you covered the two that are of most concern. there's always a chance you might lose some blood during surgery although we've been able to decrease that significantly over the years. >> in connection with radiation, besides radiation, you can also treat it by internal insertions into the gland itself. what do you put in the gland to help control the spread of cancer? >> well, there are radioactive seeds that are placed. >> seeds, right? >> yes, tiny pellets. >> what else besides seeds, what are those radioactive? >> they're radioactive. so it's a similar -- >> how is a cure effected through nuclear energy? >> it kills the cell. >> what happens after the cells are killed, the sds are removed? >> they stay there. what's coming down the road is something more interesting, also very small inserted pellets that are actually -- create heat, thermal energy and you can place a patient into a magnetic field afterwards and treat them and then retr

language directly from the city's risk manager. we are told what that level has to be in order to get their signoff on the lease. in turn, if the city's risk manager doesn't sign off on the lease, our city attorney won't sign off on the lease either. so i assure you that did happen in this instant. in evaluating the levels of insurance, i obviously look at the -- they obviously look at the nature of the business, and the risk that it presents, and so -- excuse me, we're looking for the exact answer. do you have another question? commissioner levitan: not really. >> are you look for section 18 in the lease? that's the insurance requirements. commissioner levitan: i haven't read it. >> it's $1 million per occurrence, $3 million aggregate. commissioner levitan: so i appreciate that our risk manager obviously signed off on that, assuming that is the process, virginia. so if it comes to us, it has passed must we are the risk manager? >> nick is correcting the process. when we see something like this, you talk to risk manager and ensure

and not risk, you know, getting behind accelerating inflation. but for the global economy, given that two-thirds of the world, the major economies, are still in early stage of coming up on the of this recession, i would not put inflation on the global level at the high list of concerns. >> rose: what do you worry about with respect to the global economy? >> i think, just to start, just to start where you began, i think that the most important thing now, apart from the united states doing what it needs to do to repair the damage caused by this crisis-- i should say and i am always the first to admit, the u.s. made some very substantial mistakes in how we ran our financial system. those caused enormous damage, not just it our credibility and to the american economy-- and we're going to be living with the echoes of that shock, those mistakes for a long time-- but they cause a lot of damage to the world -- >> when you speak of that you speak to the failure of the enforcement of regulatory authority. >> we just ran an indefensibly, antiquated-- i woul

this chance increases if you heart disease or risk factors such as high blood pressure or when nsaids are taken for long perio nsaids, including celebrex, increase the chance of serious skin or allergic reactions or stomach and intestine problems, such as bleeding ann occur w. patients also taking aspirin and the elderly are at increasesk for stomach bleeding and ulcers. do not take celebrex if you' had an asthma attack, hives, or other allergies to aspirin, nsaids or sulfonamides. get help right away if you have swelling of the face or throat, or trouble breathing. tell your doctor about your medical history and find an arthritis treatment that works for you. ask your doctor about celebrex. and, go to celebrex.com to learn more about how you can move toward relief. celebrex. for a body in motion. >>> finally tonight, one idea, three words. and at a time when we all want more jobs in this country, the power to create a change. we wanted to let you know about a groundbreaking project here at "world news." it's all about those three words, "made in america." >> we need to outinnovate, o

we have heard two risk describe -- military risk, which are very dramatic.alice rivlin told us about the economic risk. i wish alice would expand on what that risk is. how do you balance these risks? >> the economic risk, i think, is very serious. we are no longer talking about downturns, recessions, market disruption. we are talking about potential economic trajectory. come in the could form of a sovereign debt crisis to use the term be used in europe. that has always been thought to be unthinkable. i think we have gotten to the point that unless we change course it could mean a serious a meltdown in the economy. when might that happen? nobody knows. it is happening in europe faster. it is happening to the u.k. faster than they thought. they decided to do something really serious. i am afraid they are going to overreact. we are bigger. we are able to borrow in our own currency. we have to face the fact that we are not immune. >> china owns a lot of our debt. are we vulnerable in that sense? >> china bought our debt for good reasons. they saw it as a good ri

factors well for a long disease what are the main risk factors for the disease for a lung disease i would say that risk factor number one above all is smoking of course there are secondary factors such as professional exposure. there is a lot of progress which has been done over the years to improve working conditions . pollution of course is also of a concern but we shouldn't forget that smoking is fact the number one and it is a pollution that you choose yourself but how can we prevent disease for people living in such big and contaminated cities as must in new york city i mean that the big big mega pounces i mean that it i think it made me doctors say specialists at least say that it's it's no better than smoking living in one in the center of a city big city is a true i think that is a little bit exaggerated i would say that smoking is by far the most dreadful factor because if we compare incidence of lung cancer on the countryside or in a large city it isn't that that much different because it is in france by smoking and not by air we pollution of course other diseases such as

because whack job counterparty risk. -- because we have to have counterparty risk.hey cannot go off to thin air. and we must have the contracts designed or redesigned to fit the marketplace today. but this place will grow like nobody can ever imagine. today, they traded almost 100,000 cattle. big day we ever had was 35. they will take 400 to 500,000 contracts a day. we couldn't get over 50,000 in the pit, because physically we couldn't handle it. electronics are putting us into the future. but the big thing to remember, there's 408 million people in north america, and maybe maximum 200 million people in south america. outside of our boundaries, there's 6 billion people. you've got two sides of the hemisphere. we are the food producers of the world, and they are the producers of the initial products, and we develop a swap market which is what i learned how to do swaps which is the most viable thing i could've ever learned in my life. and we will propel, we will build jobs around the food industry just like china with their 17 vital trace elements will build steel and

we'll have to be sharing the risk swt supplier. in the responses firms were clear they could not take on all of the financial risks so what that means i believe at a minimum is san francisco will be required to put up some collateral to get the program started and the amount of the collateral and loan guarantees will depend a fair amount on the size of the initial program and type of portfolio that's offered. looking how that played out with marin contract. marin did strike a contract with shell. there are a few aspects of that contract i want to go over with you here today and highlight, especially as they related to the flexibility i was just describing on the previous slide. one is the price that's marin set in their contract are for specified energy volumes. what i mean by that is there's specified amount per year of energy that's expected to be sold and there's a dead band around that volume for which to customers use more or less energy outside of that dead band than marin is responsible for making the supplier whole, either

at the risk of being tumor caveat want to target one other person. nancy. you were arguably, i no there is some debate, the first woman to walk on the floor. >> oh, yes. i was the first woman who was allowed on the floor at the mercantile exchange. that was in 1962 to be in fact, the chicago mercantile was the first exchange in the country to allow women members. my husband wanted to open his own business. so he chose me as his partner and brought a for me. of course at that time they were anxious to sell memberships to whoever caliber. the first day after i went before the board and it was approved by has been said to me, well, now you have to go out on the floor. at that time they did not allow women in please. so we take the elevator and went down. i kept saying, women aren't allowed. women aren't allowed. when we get to the gate big guard who used to be there said to know. nancy can't allow a floor. he ran for the president. he said pau, yes. of course in the meantime he just let me out on the floor new. i was the first person to go out on the stage flo

of those naive risks which i hope paid off. because i -- i have really enjoyed it, and i've really enjoyed meeting the people who i've met. so -- >> i'd like to say how i actually had the good fortune to meet up with emily. it turned out one day i was out having lunch with a good friend of mine, and a guy who's been at the exchange a lot longer than i have. he represented a generation ahead of mine, maury snyder. >> who's son is here. >> who's son it here. i was telling maury, i'm a third generation trader myself. the older guys are fast disappearing. you know, i really wish that somebody out there was really collecting storying to really write the history of this very exciting industry. something that was such an important component of the chicago economic history. and maury said to me, what are you talking about? there's this gal, he's doing it right now. of course, the first thing that i did was get emily's phone number and call her i think an hour later to introduce myself. i really wanted to do what little i could to help

you analyze the risk and the potential impacts and then make informed de sibs and that's what all of the agencies are doing and certainly security is a piece of that risk assessment. >> are you folks in the northwest looking at that differently. >> we went to spending nothing to five million on capitol expenditures. we did cop stuff for reservoirs primarily with insure answers. but yew done your best job to look at where your vulnerabilities are and make reasonable investment of addressinging those through technology and visibility and a whole number of things but that end of the day we cannot assure you over a dedicated person from a terrorist perspective can do. its the reality. i think we're all making best decisions we can and to be honest none of us wants to deal with answering questions if you haven't so i think there's not or lots of energies to make appropriate investments. >> let's go right here in the middle. [inaudible] >> i'm impressed with the long change seeing of sea level rising have you wrestled with how future [inaudible] future droughts could be worse and did you a

we'll have to be sharing the risk swt supplier. in the responses firms were clear they could not take on all of the financial risks so what that means i believe at a minimum is san francisco will be required to put up some collateral to get the program started and the amount of the collateral and loan guarantees will depend a fair amount on the size of the initial program and type of portfolio that's offered.

industry has a new appreciation of the risks associated with deepwater drilling. the commission of plots all of these efforts -- applauds all of these efforts, but they are not enough. drilling offshore is inherently risky and we will nev reduce the risk to 0, but as a nation we can take concrete steps that will mitigate the chances of another blowout and reduce the consequences should another even such as that occur. the commission believes that these steps are vitally necessary. without such response we will continue to play safety for workers, the apartment and the regi at an acceptable risk. if dramatic steps are not te and i am afraid that at some point another failure will occur and we will wonder why did the congress, why did the industry, why did the american people allow this to occur again. the people of the gulf have suffered so much that they deserve to know that their government and the industry are going to and are committed to the high standards of safety and protection o the environment. ank you. >> mr. reilly. >> thank you, bob. i wanto first reco

is at risk and other places.e did here and we ask the norwegian regulators are you taking actions against bp? the answer is somewhat surprising now we are not because we do not see issues in the north sea with respect to the dp operations and therefore be taken no action to discourage their continuing cooperation. that poses the question to less well, what is it about the north sea and the gulf that has our companies operating safely and protectively in the north sea subject to a different set of regulators and not in the gulf? that caused us to look closely at the degree of oversight, the quality of regulation and the capacity of the regulators will also follow. estimate the time of the gentleman has expired. >> mr. rivera from florida. >> thank you, mr. chairman, gentlemen, for being here today. commissioner gramm, senator gramm has a floridian and are you still living in the leaks, miami lakes? west of palmetto? i'm right there with you down the road, so as my distinguished constituent -- [laughter] as my dist