secondly, i do think it should be less privatized, yeah. i understand the perhaps import gee graphical representation, i can't think of a better case formal impact they can have on the regulation where the entity primarily concerns picks its own people. >> you're assuming from your comment this is a governmental entity when it really is a qua si government and has a lot of private implications from its independence. don't you think it should be more independent in its structure as well? >> independence from the -- i think you get independence with 7 year terms and 14 year terms. i don't think the

secondly the chairman asked me

secondly, on australia, south korea, japan, the philippines.hese are treaty allies in the united states and we are in an enormously fortunate position. we have an alliance system in asia and the atlantic's that reinforces the power of our country. china has no allies and the world. i do not think that there is the possibility of agreement in brussels or the nato council that the membership of the alliance should be global in nature. historically and by definition we are a political and military alliance based on the democracies of the transatlantic world. the imperative for nato is that europe and america need to be globally oriented together. when dan and i worked together, he was my closest colleague in the last administration. i will just speak for myself, but united states policy towards europe must become global. in the u.s. european relationship that had to be about europe, but also the rest of the world. that is easily done if we become political and military -- not allies, but partners of japan and south korea. even with morocco, jordan

secondly, as far as congress is concerned, we have the major activity. we should be following a two-step procedure. long-term debt reduction. the fact is the unemployment rate is higher than it would have been if we had not forced by a variety of fiscal policies state and local governments to fire 600,000-plus teachers and firefighters and public works employees and police officers. i think that's been a very -- they've been hurt because many of them are financed primarily by the property tax. property values went down. i think forcing those reductions by inappropriate federal policies is a great mistake. yes, it's important for us to reduce a deficit long term. unlike many of my republican colleagues who thinks the president wants to get out of afghanistan too quickly, i think he wants to stay there too long. i think there's room for reduction in the military budget. i think we should be -- and we'll be fighting about this in the budget. do we cut the military or restrain the military, or do we cut medicare and medicaid? i would be for a short-term incr

secondly, i do think it should be less privatized, yeah. i understand the importance of gee graphical representation, i can't think of a comparable case, of formal governmental power, to set interest rates and the impact they can have on the regulation where the entity primarily concerned picks its own people. >> you're assuming from your comment this is a governmental entity when it really its a quasi-government, and has a lot of private implications from its independence. don't you think it should be more independent in its structure as well? >> independence from the -- i think you get independence with 7 year terms and 14 year terms. i don't think the financial industry that dominates this should be independent from the whole society setting policy which governs it. you talk about setting interest rates, that's a governmental function. i didn't say they don't exist, to the extent they have some local academic function, they would still be there. i specifically say they shouldn't be voting to set interest rates to the federal open market

secondly whatever is done is highly transparent. the third thing that i think needs to be done is to have -- assure that we have competent people in our government who are able to make sensible judgments without conflicts and given those three criteria, i believe that the government not only can, but it has to make choices. pick winners or losers. you cited arpa-e. many other parts of the government do this. i would add incatel, i have a involvement early on so i have a conflict here, but there's a certain parallel. incatel was given a number of tools in the tool kit by the congress that go all the way from taking equity positions to giving grants and contracts, to giving advice and in my view it's been successful in carrying out its mission. it would be another example. they make choices every day. >> thank you very much. senator murkowski? >> mr. chairman, mr. augustine, in the report you have concluded that we can have the greatest impact if we focus on energy, r & d. others have said that the focus or the major impact should be

secondly, there has to be a restriction on the deed to the property, which required -- requires reports and other things to be given. at the same time, demand for student housing is such that i cannot imagine it would be removed from the student housing market, even if the institution went away. i urge you to move this forward and include the language that has been suggested. and hopefully we can get the thing finished. president fong: thank you. come on up, sir. >> mr. president and members of the commission, i'm george williams and speaking on the behalf of the action coalition. our executive director is out of town. as you recall, this started some years ago. and while it has taken a long time and we are pro the distressed from the lake, i think we have benefited because it has given the opportunity to assess how the incentives for the news to the house and will work in an actuality. we have a developer that is well along in the entitlement process building one of these buildings and has been negotiating with the educational institutions. the mayor's office of housing has taken a clo

and elsewhere, are all communicates v via -- secondly we carry a lot of this traffic on our networks and of course satellite capacity and we often speak of those as the digital trade routes of the 21st century. and of course they're also the channels for freedom of expression as was commented on earlier today. and, third, we provide global enterprise services to enterprise solutions to largent prize and government customers around the world, 150 countries at a minimum, probably more. these are a combination of what you would think of as it, information technology, telecom and media services. as it was mentioned they are drivers for economic growth and they will only succeed in accomplishing that if the internet remains global live seamless, data can get across borders and kbss can flow unimpeded. so what's at stake and in this regard i would agree wholeheartedly, i thought it was very interesting the way that commissioner mcdowell started his remarks talking about wireless here, talking about wireless as the key trend globally over the next weird. and cisco put out one of its great s

secondly, globally we carry a lot of this internet traffic on our global network which includes capacity on understood ground cables and satellite capacity and we often speak of those as the digital trade routes of the 21st century. of course they are also the channels for freedom of expression as was commented earlier today. and third, we provide global enterprise services to enter prize solutions, to large enterprise and government customers around the world. 150 countries at a minimum. probably more. these are a combination of what you would think of as i.t., information technology, telecom and media services. services like ours, they are drivers for economic growth and innovation and they will only succeed in accomplishing that if the internet is remains in fact, globally seamless, data can get across borders and communications can flow unimpeded. so, what's at stake and in this regard i would agree, i thought it was interesting the way that the commissioner started his remarks talking about wireless here, talking about wireless as the key trend globally over the next period, and cis

and secondly, i know, again this isn't data just personal anecdotes, i know a nurse in phoenix, arizona, earning more than $100,000 a year. that wouldn't be happening if men weren't entering that field and driving up wages. >> that's one of the most important points here, we've always said that we wanted men, this is one of the great feminist issues, men need to get in to women's jobs just as we've been saying women need to get in to men's jobs. and we also said, you will see the wages go up if men enter those fields. not only the wages go up they quickly move to the top, they still, male supremacy, range, too. what is really interesting and wonderful here, nobody is being displaced. the need for people and men have gotten smart, finally. decided that the grubby work that is supposed to be men's work is not the only work to be done and in a global economy when there is less and less that have work educate yourself to do the kind of work that will always be needed in health care and teaching or two of those kinds of professions. >> i think this is more of reflection of the state of the e

the creation of the privacy talk might create primacy of article viii and secondly, what is wrong with the development that we have seen over the last 14 years and namely what higher courts have done creating not so much a privacy taught, but de facto principles, and perhaps to the principles that amount to more or less the same thing? >> well, on the first point, mr. jay, and you can deal with that by drafting of legislation. i don't -- i think you can overcome that. but on the second point, the answer is what is the difference? not much is my answer. i accept that and it is implicit on page 8, and the only inference is a point of principle, and you say it is the principle is not worth it, and you could also say that, well, the talks are available, and where it is available to them directly. for example, defamation of themselves developed by the courts rather than by parliament, and part of that is true, so why not leave as it were the living law, the common law to be developed in the same way? i admit there is a strong argument on that side and my judgment which is a balanced one and

secondly, there have been four million new jobs added since barack obama took over the presidency. now there's been some loss in the public sector, so the tea party people ought to be happy. in fact, government is shrinking. i think we've made some real progress. we have two thoughtful, sensible justices on the supreme court, no more right wing extreme people. we have a medical system, while more complex than i think would have been desirable, every person under 26 whose parents have health insurance now have health insurance. and in two years' time, assuming the court doesn't change this around, people are not going to be exclude clueded from having insurance because they're sick. really progress has been made both in terms of american security, in terms of bringing our troops home, in terms of making people more secure at home because of their health care. i think that's a pretty good record for president obama to run on. >> schieffer: let me ask you, senator schumer, just a straight political question, the backbone of the president's support, of course, the last time was african

secondly, i have to say that i feel a little bit like fish out of water because it's been quite a while that i haven't really focused on terrorism and called as such. i used to do it a lot many the '80s. and of course surrounded by people that both profession ally and of course academically this is their specialty. i feel a little bit -- shall we say that apprehensive. but i will try to see what i can contribute to the debate that hopefully will be of some use. first of all, i'd like to say that i personally am extremely happy that bin laden has been dispatched to some warm place. a particularly hot place. i think that is quite good and definitely we can say that al qaeda today i'm just going by reading the talk of when the successor was choseen. you can see there was concern that they were feeling including he was saying that now of course we have trouble getting money and you know people have to come and our friends should help us more in pakistan and other places. obviously this has been a trauma for them. and every organization even like al qaeda when you suffer such a blow it takes

this, how do we know whether they are meeting the standard if we don't set a standard, and then secondly, is there con kwenss if we're not minding the standard. >> i think that's a good question and it proves why we shouldn't pass the bill. >> now the rest of the story. >> for the rest of the story, i think setting a clear mandate. whether we set explicit target or not i'm certainly hope to that in holing them accountable to that i think is key. mr. garrett, one point i would like to make, that going forward i think it's a terrible mistake to require all the federal reserve bank presidents to be appointed ancon firmed by the senate. one, it will further polite size the federal reserve board including leading to vacancies as we have today. and it will concentrate more power on wall street in washington. i think it will be less independent as the fed because regional bank presidents have an independent staff so they can actually not rely just on the chairman's staff, but on their own to assess economic policy. as you know finally the board of governors actually approves these regional rese

secondly, america is really an outlier here. of the 47 central banks and monetary others around the world, only to give equal weight to unemployment or only to have an effect of muddled mandate of the others have set price stability for the primary or the hierarchically, the single mandate for the central -- >> might i have one sends? i thought my republican colleagues were for exceptionalism spent i wish we would have dealt with that on the federal, on fannie and freddie years ago, and i do think chairman garrett for his efforts to actually, to solve the problem speak if the gentleman will yield? the republicans have been in power, the republicans have been in power since 2011 and have done zero on fannie and freddie. >> i would like to reclaim the chairs time. spent you have been in power spent i wish you would. >> this will conclude the first panel, and i do want to thank our two colleagues for a lively discussion to appreciate you very much for being here. so now we'll have the second panel be seated. [inaudible conversation

secondly i think this hearing itself is something that's very valuable, because it provides a very plain demonstration that we in the united states are unified across our political lines, and that, i think, is an important message for the world amend i assure you the world does pay very close attention to what we do in these areas. we will hope to have an opportunity towards the end of this month to introduce our new head of delegation to members and staff who are interested in speaking with them. we will, at that time ishgts thi, i think, to also provide sort of a sense of what we think are the needs that we have in terms of going forward, preparing for the conference and participating in the conference. >> i would agree with everything the ambassador said. i think we need to -- congress could help by helping clarify the position that not even the smallest change should be allowed, but also following up on the wict and having another sort of checkup hearing maybe after the first of the year, because there will be many more similar circumstances coming forward in the years to come. >> yo

secondly it's fast setting polymer with it. can range between six hundred and eight hundred cubic centimeters per day. to polymers quite rigid and therefore similar to bone tissue to a certain extent. when the laser printing process is completed the object is nearly ready to go at this point it simply has to be removed from the working platform and basically just rinsed off for this example there were none but sometimes supporting structures are needed to prevent it from breaking during the stereo lithography process at this stage those would be carefully cut off leaving nothing but a perfect replica of the original object lastly it's popped into an ultraviolet to take care of any bits that may not have been completely cured by the laser innovation isn't always about the future sometimes new technology can help us look into the past and here one of russia's most ancient cities scientists are using. advanced visualization techniques to breathe new life into an old restoration project. believed to have been founded in the middle

and secondly i'm going to be proposing as a floor amendment to the next bill after the present one, whatever that is. the senate reauthorization bill with some controversial perfecting amendments that have been worked out since committee. so it looks like that next bill on the floor will either be an fda user fee reauthorization or a small business tax bill. neither of those is highly partisan or highly controversial. so whichever of those comes up i'll be proposing as a floor amendme amendment. the senate bill with the perfecting amendments incorporated into it. and i hope we can get a bipartisan cooperation and effort to get that attached to that bill as a means of pushing this forward. thank you, mr. chair, for the couple minutes, and i look forward to our second panel. >> absolutely. and i don't think flood insurance should be controversial or partisan, either. it impacts everybody. i want to get started with our next panel. it's representing a broad cross-industry support for reauthorization reform of nfip. i want to thank you for being here ahaechd time. dr. david a. sampson is the pre

secondly, america is really an outlier here of the 47 central banks and monetary authorities around the world, only two give equal rate to unemployment. only two have in effect a muddled mandate. the others have set price stability as either the primary or higher arcally, single mandate. >> mr. chairman, may i have one sentence? i thought my republican colleagues were in favor of american exceptionalism. >> i wish we would have dealt with that on fannie and freddie years ago, and i do thank chairman garrett for his efforts to actually resolve the problem. >> gentleman yield, the republicans have been in power -- >> well, if the gentleman would yield, the republicans have been in power since 2011 in january and have done zero on fannie and freddie. what's holding you back. >> i'd like to reclaim the chair's time. >> you've been in power. >> i wish you would. in this will conclude the first panel. i do want to thank our two colleagues for a lively discussion and appreciate you very much for being here. now, we will have the second panel be seated. >>> we'd like to introduce the witnesses

a few days ago your own chancellor said that was what was causing a lot of the instability, and secondly, you promised to keep britain safe, and a lot of people do agree if greece exits we're in uncharted territory, is that a promise you can keep? >> first of all, i think it's more dangerous to stay silent. i think it's essential to speak out about what needs to be done to safeguard the euro zone and britain to deliver the strong and stable economic growth that we want. interest has an interest in this. we're not in the euro, not going to join the euro, but what happens in the euro zone affects us, and we need to make absolutely sure that proper planning is being done, proper work is being done, and we've been absolutely consistent. since i've been prime minister, i've been talking about building up that fire wall, safeguarding euro's banks, making sure you have a euro zone that is credible, having a single currency that coheres, and that is what i'm talking about today, so i think it's more dangerous to stay silent than speak out. speaking out is essential because we need, together, to

and secondly -- >> setting up camp david to accommodate eight heads of state, not all cabins of equal. have you decided who gets what cabins? what do you do with all the aides and assistants and security details? there's no room for them up there. how have you put this together? >> there are a couple of points on that. and the allocation system, of course, is classified. and really can't -- go into that. but they'll have a couple things to say. one is, that it's a complex of buildings, as you know, and there is adequate and during the planning, before i made the decision, a team led by those here in the white house military office went through this in great detail. and they're adequate facility there's for each delegation, each head of state to have his or her cabinet, as i said, and for each to be accompanied by a key staff person and in some case two or three staff people. additionally, of course, there are a setup for communications and some of my team and others up there. but it's adequate. it's a pretty extensive facility and maybe we could get a deeper briefing on that, seriousl

the governor is not to interpret the constitution the supreme court has taken that upon themselves secondly if this was unconstitutional for the people of a city to say no we don't want people running around with guns then right now mayor bloomberg would be out of business in new york city would be under federal embargo or something. to the marrow of tampa simply say may we do what they do in new york city this is not a second amendment issue. so white what by taking the rights away from law abiding citizens is somehow going to make it safer or is it going to go you're going to get away the rights of people don't know that they can walk down the drain are they going to say my oh my governor scott doesn't want to have as a gun now so we're not going to commit this heinous crime anymore why why attack law abiding citizens it's just this is not this is the this service this is rhetorical salaries who's the fact of the matter is that anybody who owns a gun particular if they carry a gun around is more likely to shoot themselves shoot somebody by accident or have one of their kids kill themselve

secondly, it caused the operation to be cut short before it could get all the information that could have been gotten, and it also sends a signal to countries willing to work with us that we can't be trusted to keep it secret if, in fact, we're the ones who leaked it out. that's why i'm saying the fbi has to do a full and complete investigation because this really is criminal in the literal sense of the world to leak out this type of sensitive, classified information on really almost unparalleled penetration of the enemy. what we were able to get in, as close as we did, was unprecedented. >> senator lieberman, a quick question for you before we go to break, and we see now they've sort of upgraded the underwear bomb and the question i think we hear from the a lot of people is are we equally upgrading our defenses here? is the tsa up to snuff? are we ready to take on the next level of terrorist interest in coming after the u.s.? >> the answer is that we are. the amazing -- one of the amazing results of this courageous and brilliant counterterrorism operation was that we not only stoppe

in the national governor neil this is that first of all the bearer of tampa is not a liberal and secondly the request came from the police department ampa so i guess they're part of the liberal conspiracy right. well i think i'm from the secret service and governor scott is just protecting us congress and our to god is all this isn't in the law abiding citizens are not the problem it's the bad guys the problem and if you outlaw guns outlaws are going to have the guns the secret service has already determined that there will be no guns inside the inside the convention and in their head with the inside senator i would rather write inside the security guard wrecked so why are you they remind us that the days that i was sitting at tampa at the to is that a violation of the second amendment. if they want to take their guns away yes it is and i saw the secret service and i don't own a gun violate don't have a gun and i don't particularly like guns but we have to respect the constitution you can't because of what we like about the constitution changes to the ballot box that's the way we change t

secondly, they lower risk through something called central clearing of standardized swaps and, thirdly, lower risk by comprehensively regulating the dealers. we are on track to finish the reforms this year but it is still very much standing up and also giving the market time to phase in implementation to lower the costs and burdens on this very significant transition. to increase market transparency we completed eight key reforms including realtime reporting to the public and regulators that will begin later this summer. when clearing we finalize risk management and will soon seek public comment on which contracts themselves would be under what was called the clearing mandate. to promote market integrity we have strong antifraud and manipulation rules as well as aggregate position limits and looking soon to finalize the end-user exception. to lower risk of the swap dealer's posed to the economy at large we completed rules requiring robust sales practices and risk management and a joint rule with the sec on the further definition of the word swap dealer and securities based swap dealer.

secondly, we heard that the issue, then, is more than just having access to outdoors, but that the programming is a critical component. it has to be part of the sort of rehabilitation of an individual that all of the issues around recreation would have some kind of component that has to do with the rehabilitation of the individual. i heard a couple of individuals that i spoke with at length. they participated in certain activities, was it basketball? come up to the microphone and describe some of the activities that you were engaged in that helped to promote your own rehabilitation. i am not sure that those programs are part of this. >> basketball hoops and side of the courtyard, i don't know what happens to that. i think it was a great opportunity. it was actually on the power point right now, you can see the adjacent courtyard. they really play there without an accident occurring. you could only imagine for five teams trying to engage at that time. for me, i always took priority and education, because -- it helped me personally, whether it is people being lost. i know that recreation can not

secondly, sure. i get you could probably build a star trek enterprise over 20 years and spending trillions in the the time of doing it. or spend a quarter of that in 10 years and adhering to the laws of physics. as they say in romulin -- >> good god. >> that's how you say it. >> the laws of physics would not allow the doors to go -- >> no. maybe it would, but it will cost a trillion. >> it is time for a break. stop. you are like pausing my kids. when we come back i will talk about something s. >>> well, the lapd, that's the los angeles police department is investigating claims that justin bieber, you may have heard of him assaulted a photographer outside a shopping mall. the papparazo reportedly blocked the pop star's car and tried to snap pictures of biebs and his girlfriend and a scuffle ensued. the biebs complained of pain in the upper torso and taken to hospital. he is being investigated for battery. shouldn't the papparazo be investigated for being collective jerk? >> he is so intrusive. he is t

secondly, it would be the emerge system. we a push to be one of the first departments to be in the first wave of conversion to the system. we have been working very closely with the controller's office to be able to be assured that in the new system, we will be able to avoid these types of issues. parts of the discrepancies that we have is that we have a completely separate time capturing system. there are some discrepancies. we have been working with the team and will be part of the first rollout in the fall, august 4 september. we are looking forward to that and resolving some of these issues. supervisor farrell: going forward, they will be merged together? >> we are looking very forward to that. to touch on the open items. we are actively working to resolve those. we have resolved those even in the time we submitted our greatest response. those are works in progress. a couple of those will be addressed with the new system. we are looking forward to that. i will touch on the contested items. first, there was a settlement b

secondly, we hosted the growing of asia and america awards ceremony. in partnership with the asian pacific fund. target has been a sponsor the last few years hand-held allows students to share their individual stories, and anyone who was there yesterday would be moved. it was amazing to hear their stories of growing up asia and in america. today, we had the opportunity to visit a couple of elementary schools. these are schools with a high student population and we donated four boats each student. all of which were written by an asian author. it was a great way to partner with schools to celebrate asian it heritage month and impress upon them the future of education. we're fortunate enough to bring one of the authors to the school, kristi yamaguchi. i recognize her as a gold medalist. the student recognized her as a champion from dancing with the stars. education is the heart of targets of living. target is on track for 1 billion dollars in education giving. we are responsible for the asian heritage street fair. i am so proud to be part of a target and