i began my career as the chairman said as an officer in the u.s. navy, spending four years in active duty including a year in vietnam. after attending business school, i joined merrill lynch and spent 28 years leaving as president in 1999. the merrill i held many positions in finance, human resources and investment banking and capital markets and general management. in 1998 i played a central role in unwinding long-term capital management, the hedge fund that a decade ago presented a systemic risk to our banking system. i learned from my experiences at merrill that the long-term success of financial institutions includes sound corporate governances including independent checks and balances, tight control over risk and executive compensation geared to long-term performance on behalf of clients as well as shareholders. at merrill lynch i contributed to strengthening the governance practices in the 1990s. since leaving merrill lynch a decade ago i've led two other major financial institutions through transitions necessary for their long-term success. in 20

and no other naval force no matter how combined if these are all of the world's navy against the u.s. navy it does not begin to measure up which means if you are in the arabian sea, if you are in a the south china sea, mature in a cabin cruiser in the caribbean, you are under the surveillance of american space in based systems and liable to interception by the u.s. navy part of this has two obvious outcomes that are very important. we get to invade other people, they don't get to invade us. that is not a trivial advantage if you have ever been invaded. does not make us why is coming it does not necessarily even make us effective but it gives us a unique advantage and the second thing that matters in the course of a century and this really is important it has the potential to reshape patterns of international trade if it chooses. unit is states, throughout the 21st century has operated under the principle of a free trade regime in which its navy was primarily used to facilitate international trade. it did not seek to develop any special vantage from that. save those sanctions and blockades

are the missions and that is what our sailors do and that is the very flexible force that is the u.s. navy today. in a way, as i said, many of those things we have been doing as a navy for almost two centuries. our history quite frankly is less the cataclysmic sea battles than it is being out and about looking out for our nation's interest. 62,000 sailors are deployed around the world and 51% of our ships are at sea. the four of our aircraft carriers are deployed. three in the pacific and one in the central command area. each one of the ships as 97,000 tons of american sovereignty. sovran american base, able to be moved anywhere in the world. it is more than a floating runway. it is a floating base. a sovereign base. from witcwhich the instrument of american power is equipped and maintained. 46% of the fixed wing sorties flying over afghanistan in afghanistan are coming off the carrier. it is a floating base that can flex from that type of power projection to being a base that can be the foundation of the largest humanitarian relief operation that has ever taken place in history and that i

on sundays at the ballpark, god bless america today doing the honors, sullivan of the u.s. navy cruisers.  ♪  - oh, it's on, all right. - it's on. - it is totally on. jimmy, it's on. it's on. oh, yeah, it's on. pilot: affirmative, it's on. times may be tough today, but the things we all look forward to haven't changed. like owning a home. watching our children grow. and retiring with confidence. so whatever you're looking forward to, m&t bank is here to help you get there. m&t bank. understanding what's important. >>> the nats need some runs,  down by 4, bottom of the seventh. >>> they're very thin in the bullpen, trying to salvage the series. mostly blue jays all day today. >> first pitch swinging again. nationals have had their opportunities, but they've stranded seven runners and lost two others on double plays. >> i don't think there's any ball club that's been hitting hard with their starting pitchers as the blue jays, roy halladay, justin, bobbi ray, malcolm, the entire starting rotation of what they probably thought -- rolen playing shallow. nats a

today more than ever the u.s. navy remines committed to supporting our troops by deterring aggression and maintaining the freedom of our seas. >> rob: one of the big thrills i had -- >> johnny: commander joe phillips was the director of the navy band. i did a concert with them about 10 or 15 years ago. did some songs, narration of a big navy concert. and the

the u.s. navy also needs to be ready to deploy missile defense cruisers at appropriate places and times. given the growing ballistic missile capability we think it would be prudent to invest in missile defense. not only for regionally-deployed ones, but at home. the u.s. must be seen as providing robust missile defense for itself because of a secure america has to the credibility of allies in the region. news of the washington should warn any threat

. >> going back to my point on being a global navy, the ability for the u.s. navy and the western pacific to be able to maintain contact on that ship is a function of being there. you do not whistle it up and send it forward. the fact that we have some good information is no coincidence. you made the comment about no enforcement. i think the resolution that is in place has significantly close down on a lot of options for that type of proliferation to occur. because the ship is prevented from bunkering for either fuel or water. and there are some provisions in the resolution that called for states to do more than they have in the past and i believe that it has been helpful in that regard. we will see how that plays out in the coming weeks. i do believe that the resolution with the added aspect of not giving a ship a place to go get pretty lonely out there and you have so much water and you only have so much gas and we have to make some decisions. >> you mentioned energy in your comments in the beginning and i was wondering how you think about what the navy's energy

relations with china and u.s. navies ongoing surveillance of the north korean ship suspected of transporting beer and nuclear technology. the briefing is conducted by state department spokesman kelly. it's half an hour. >> good afternoon. i think as many of you have heard the secretary on the doctor's advice decided for the g8 foreign ministers meeting and for the lsc meeting has deputy secretary steinberg said just a few minutes ago, he will go for the meeting which is the back end of the trip and undersecretary burns will represent at the g8 foreign ministerial meeting. the secretary was in the office this morning. she attended her morning staff meetings. she's already made a few phone calls. she made a bunch of phone calls over the weekend as well. the first call she made this morning were to foreign minister for teeny of italy and foreign minister of greece to express regret that she wouldn't be able to attend the two meetings. and with that i will take your questions. >> with other calls did she make? >> i know that

the u.s. navy and the department of defense have to make decisions as to how the portion those assets. we have what i think is a 60/40 split with the pacific command and everybody else. we regard to maritime -- freedom of access to the mayor tandem in as absolutely is central to everything we want to get done. . there are 250-some submarines in our responsibility. not very many of the more hours, but a good number. we continue to pursue asw technology. we want to make sure other countries understand what we can offer them in terms of defense and right of access of maritime command, and countries who develop technologies that we will uncounted to that policy, we will work to overcome those developments. thanks. yes, ma'am. >> thank you so much for your succinct remarks. my question is regard to a remark he made previously. you

has the president asked for permission for the u.s. navy to board -- >> not that i'm aware of. >> okay, and is their anything about the cargo on the vessel that leads you to believe the request is likely to come? >> i don't want to get into that sort of specificity. >> last topic. d'aspin and breakfast today reminded me of something the president said during the campaign he would help to or probably would have selected for his and the girls and mashaal's attendance in january were now in june of the update on the president's churchgoing habits or process in selecting a church? >> i know they are continuing to look for -- to look for a permanent place. mindful of many things. what it does when a president decides to block out of this building and walking to a different building and disrupt worshipers that are attending before their own personal reasons. i think that is certainly that is not an exhaustive list but certainly one of the things that the president has on his mind about that. >> anything else he has on his mind about that? >> i th

air as well as under siege capabilities could pose a threat to shipping generally been even to the u.s. navy especially prior two our right at the beginning of a shooting war and then finally was on many people's minds is the nuclear issue wishes that iran has a bit of a rationale for developing nuclear weapons and is not clear that the iranian leadership has decided that is what they wanted to do is to deploy nuclear weapons however if they did our research has shown this would greatly complicate our power projection capabilities of course, but also make it more difficult to manage a conflict with what is a weaker conventional power and if it believes is regime's survival is at risk sometime in the future may be more willing to. did their weapons in that case so bottom-line i just went through the use key points. its military doctrine does online very well with iran's defense strategy. does try to exploit its adversaries witnesses, mainly been the united states. however, is operational capabilities to fall short in a number of areas and what is interesting is despite this and this by the ir

the u.s. navy and the department of defense have to make decisions as to how the portion those assets. we have what i th

i know the u.s. navy thinks about this. others think about this as an issue going forward. and yet in terms of policy, how to address climate change, india has a very different perspective than the u.s. does and you can go down the list. the u.s.-india nuclear cooperation agreement was the way to transform the relationship. that you can't transform this relationship if the u.s. doesn't change its nonproliferation laws, allow nuclear cooperation with india. okay, fine, the u.s. did that. we can talk about the implications but i will be surprised if india buys american nuclear power plants and so thank you very much, u.s. commerce, thank you very much bush administration, russian nuclear establishment is thrilled because they're the ones who will be building nuclear power plants there. maybe france, but there's an issue that didn't get paid too much attention to which is japanese companies are major suppliers to the french nuclear establishment and to any u.s. vendors and japan has a very unhappy view of the u.s.-india nuclear view and may not allow its suppliers to do busines

enough to the point where crews will not take their ships through the strait of hormuz and even with u.s. navy escorts. >> there was one back there. >> [inaudible] >> richard parker, a foreign-policy project. i was adjusted in your comments on the iran's missile work and i wanted to just push to a little bit if i could. there are sort of two lines of thought i have heard about the missiles and one is this is been their pursuit of a nuclear capability because their missiles are imprecise and could only be useful with nuclear warheads on them and the other point of view i heard is which seems more closely they do have a conventional deterrent particularly in light of i iran's the bonus with regard to any other response to an air attack, their planes would not stack up very well against israel or the u.s. at all so i am wondering what you feel is the fairest and friends to draw -- is it fair to say that this is a data point that shows nuclear intentions risen much more ambiguous? >> i don't know of a show's intention of art about as capable as they can become a this point. one was suggest their l

could you update the situation with north korea vessel in the chinese see tracked by the u.s. navy and do you have any plan to ask permission to the vessel to make interdiction? >> i'm not going to be able to tell you any more than i told you on friday. i think you saw what secretary gates and admiral mullen said last week. i'm not going to go into any details of any specific ship, except that, of course, as always, we call upon north korea to refrain from provocative actions. what we are focused on especially here at the state department is we are focused on a vigorous enforcement of a puzzle bush and 1874. and of course, ship inspections are an important element of this resolution. and we also call upon other u.n. member states to enforce 1874. >> on taiwan, and i read an article on defense news talking about taiwan plans f-16 upgrade. so what is your position on this -- >> you have to ask the defense part about that. >> thank you. >> you wanted something on the record, is that it? go ahead, ask. >> he won't answer. [laughter] >> on israel i was wondering what your that puts tens

freshman class who served in the military, john fleming, from louisiana, was a medical officer in the u.s. navy and brett guthrie, one of our colleagues from kentucky, served as a field artillery office in the air a-- 101st division air assault at fort campbell. we have other veterans as well. i want to turn now to a subject on the front burner in congress, both house and senate, both energy and health care. we have a wonderful array of talent in our class on both subjects. we have two medical care providers with us to discuss that issue. i know i was listening briefly to the progressive caucus before we had this little opportunity to visit this evening and they were espousing the benefits that they see in providing health care by way of a government-funded option. and i might point out, before i turn it over to mr. thompson, that government payers, and this was an independent study, found out that medicaid and medicare have shifted a total of $89 billion per year in costs onto other payers. as a result, families with private health, and i'm quoting from the study, families with private health

>> can you amplify some of what we know on friday about the actions u.s. navy would take working with other partners against north korean ships? what other vessels might need to be sent there? 11 this began? >> i don't know that i'm going to get into those kind of operational details and i don't know that it requires frankly initial steps to be sent to the region. i think that we have a host of assets in the pacific, in and around the waters that north korean ships which favors dad -- but i think fundamentally, gordon, i think our authorities and responsibilities when the united nations survey council resolution 1874 are clear and we have the resources and assets in the region that would allow us to perform our duties under that and so we continue to as we have for quite some time to monitor north korean shipments and should as the security council resolution calls for should reasonable grounds -- should there be reasonable grounds to believe that one of those ships is carrying banned cargo we have the authority is under the security council resolution to take

air as well as undersea capabilities could pose a threat to shipping generally, but even to the u.s. navy. especially prior to or right at the beginning of a shooting war. and then finally, what is on many people's minds is the nuclear issue, which is that iran has a bit of rationale for developing nuclear weapons. and it's not clear that the iranian leadership has decided that that's what they want to do is deploy nuclear weapons. however, in the event that they did, our research has shown that this would greatly complicate our power projection capabilities, of course, but also make it more difficult to manage a conflict with what is a weaker conventional power. and if it believes its regime survival is at risk at sometime in the future, may be more willing to manage nuclear weapons in that case. bottom line, i went through these key points its military doctrine does align very well with iran's defense strategy. it does try to exploit its adversaries weaknesses, the adversary mainly being the united states. however, its operational capabilities do fall short in a number of areas. and wha

kennedy was right, the u.s. navy sales will bear your mark as -- seals will bear your mark as long as they and the freedom they fight for continues to exist, wrote admiral taylor in addition to his distinguished military service, lieutenant commander boehm was equally admired for his long standing support of military veterans within his punta gorda community. regrettably, lieutenant commander boehm passed away on december 30, 2008, at his home at the age of 84. it is my home that -- hope that we can somehow honor his outstanding legacy and service to our country through the passage of h.r. 2470 and by designating the port charlotte postal facility in his honor. i urge my colleagues to join me in supporting h.r. 2470 and i continue to reserve the balance of my time. the speaker pro tempore: the gentleman reserves the balance of his time. the gentleman from california. mr. bilbray: thank you, mr. speaker. mr. speaker, i yield myself as much time as i may consume and i rise today in support of h.r. 2470, legislation to

. >> captain in the u.s. navy. >> surface ships or submarines? let me turn to senator tester. >> thank you, mr. chairman. those introductions cleared up a lot, because when i came in, i met mr. allison in the back room, and i walked out here and i saw his brother george. i thought wow, how did he get out here so quick? >> he's going to be good at this. >> exactly. very, very good. >> thank you, chairman dodd. i want to thank you for calling this hearing, and of course welcome mr. allison. i want to echo the chairman's comments and thank you for your willingness to serve and your willingness to appear before the committee today. it was milton freedman who said nothing so permanent as a temporary government program. we need to make sure that tarp does what it needs to do and wind it down to get the taxpayers back as soon as possible. i know you feel that way. i want to commend you, mr. allison, for your willingness to serve your efforts at fannie mae. i also want to urge you to be mindful of what i think we're going to need to do to get out of this

the u.s. navy also needs to be ready to deploy missile defense cruisers at appropriate places and times in the event of a crisis. and given iran's growing ballistic missile capability, we think it will be very prudent to invest in missile defense. not only for regionally-deployed and local missile defenses, but at home because the u.s. must be seen as providing robust missile defense for itself because a secure america adds to the credibility of our backing for our friends and allies in the region. secondly, we said that the u.s., washington should warn that any threat to use an iranian nuclear weapon or the actual use would be responded with with devastating force including a possible nuclear missile response. u.s. warnings should come after strengthening the u.s. military posture in the region, and this could lead to expensive and difficult long-term deployments, we mentioned it would be possibility, the possibility of a permanent deployment of two carrier task force in the persian gulf and other

even with u.s. navy escort. so. >> back there -- there's one back there. [inaudible] >> iran to retaliate as well -- >> [inaudible] >> absolutely. yeah. >>> hi, richard parker, american foreign policy project. question for david. i was, i was interested in your comments on iran's missile. work. i just wanted to push you a little bit. there are sort of two lines of thought that i have heard about the missiles. one is that this is clear evidence that they are pursuing nuclear capability because their miserals very impercise they could only be useful if they had a nuclear warhead on them. the other point of view i've heard is that it seems a little bit more closely aligned to yours is that they do have a conventional deterrent, particularly in light of use -- particularly in light of iran's feebleness with regard to any other response to an air attack. their planes wouldn't stack up very well against either israel or the u.s. at l. i'm just wondering what do you feel is the fairest inference to draw? is it fair to say that this is an, a data point in -- you k

first lifetime contribution award, now known as the rockwell award, distinguished medals from the navy and u.s. atomic energy commission and a member of the national academy of engineers. he has written numerous books on technical papers, including the widely-used design manual -- how one man made a difference and created the new world. stories and images from the dawn of the atomic age. we are very glad to have you, sir. now, from the chamber of commerce -- vice president of the 21st and she -- 21st century development institute. he has served as deputy assented -- deputy assistant secretary at the apartment energy where he developed the nuclear energy policy and coordinated directions with congress, stakeholders, and the media. early in his career, he served on the house side of staffers. our last panelist began his career as a legislative aide in the oil and gas industry, and his previous work experience includes running one of the nation's most heralded information technology groups as the senior director of technology. he led telamon -- tele- communications teams and growth strategy for t

lifetime contribution award now known as the rockwell award, distinguished service medals from the navy and u.s. atomic energy commission and a member of the national academy of engineering. he has written numerous books on technical papers including the madely used text, reactor design manual the rickover affect, how one man change the world, stories and images from the dawn of the related atomic age. from the chamber of commerce, e ce president of policy at the institute of the twenty-first century energy, responsible for developing the institute policies and initiatives as they apply to the legislative executive and regulatory branch of federal and state governments. he served as deputy assistant secretary for nuclear energy at gye u.s. department of energy where he developed the administration's nuclear energy policies and coordinated the department's interactions with congress, stakeholders and the media. early in his career he served on the house side as a staffer and he is trained in the law. kevin book is a d.c. native his ashington career began as legislative aide in an oil and gas law

u.s. flag vessels and would not be protected by this amendment. further, the navy and marine corps don't have a sufficient number of embark security teams to protect even the relatively small number of u.s. flag vessels. based on operation tempo and dwell time, set by the chief of naval operations, it's clear that expanding deployment of e.s.t.'s would compromise other commitments. for this reason and others, the navy does not support placing them on vessels. the navy pointed out that embarking on -- embarking u.s. service members on non-u.s. vessels presents problems for legal and liability issues. i would ask the chairman and gentleman from maryland to work with me in conference with the other body to develop a lasting solution that developing united states interest and does not place an undue burden on the united states. mr. couple: -- mr. cummings: how much time is remaining? the chair: one and a half minutes for the gentleman from maryland and 3 1/2 to the gentleman from california. mr. cummings: we are talking only about providing security to u.s. flag vessel

u.s. army on masn brought to you by dyncorp, navy federal credit can union, panasonic computers. >>> there they are the tampa bay rays. pretty friendly. we go to the top of the 7th with gabe kapler having hurt the nats again. who is this guy on the line? elijah dukes has had a good day. gonzalez has had a good day. he will rue those walks no matter how the ballgame goes. the last three have scored. shields just threw his 86th pitch for ball one. 47 of detwiler's pitches were not strikes. >> bob: life in the big leagues for a young pitcher. >> rob: pretty much most of the day was outstanding for detwiler. this is a difficult lineup. he battled all day. >> bob: three double plays were great. >> rob: he happened to hit the bat of gabe kapler. >> bob: shields walks hernandez on four pitches. thank you very much. nationals have their second base runner since the 4th inning. >> rob: you're making your 6th career start in the major league level against the guy making his 99th 99th today. you've matched him. >> bob: that's shields' first walk this month over about 29 innings. >> rob: top of the or

u.s. army on masn. we serve today for a safe tomorrow. panasonic computers. navy federal credit union. we serve where you serve. >> bob: well some clouds in the sky today. some cloud cover this morning made it pleasant on the way to the ball park. detwiler, the double play saving him pitchers against the good offensive ball club. >> bob: he's done things i said in the report, finish them off, be economical with the pitches. you've got to come right after them. so what if they hit it. >> bob: in contrast, zimmermann threw two innings last night. 4 strikeout, 37 pitches. >> rob: this is a double contact there. you can't bunt it twice even if you're that good. watch this. bunt. >> bob: did you see the angle of that ball coming off of home plate? it went out straight toward fair territory. that was interesting. i like it when the little guys bump around the infield. put pressure on the defense. tampa bay defense isn't the best in baseball. that will be to center field for b.j. upton. [cheering and applause] >> bob: nick johnson next then ryan zimmermann. the grand slam flex plan. don't for

navy. is less job in the military was as commander in chief of the pacific command the highest ranking officer over u.s. forces in the asia-pacific region. previously was the director of the joint staff and served in a budget-- for idf policy positions on several navy staffs and the national security council. he was also the first associate director of the central intelligence-- director of central intelligence for military support. after returning from the navy in 2002, admiral blair l.t. national security studies at the national bureau of asian research and the general of the army omar n. bradley strategic leadership at dickinson college and of the army war college. he was also the president of the institute for defense analysis, a federally funded development corporation focused on national security and serve as deputy executive director of the project and national security reform. i can't say anything more admiral blair, you have done it all. we became the third director of national intelligence on january 29, 2009. directors blair has been gracious enough to share his priorities for the intelligen

u.s. flag vessel is attacked, the timeliness of their response could be hindered if navy assets are far from the scene. further, it's truly preferable to prevent an incidents from occurring rather than respond to a hostage situation. however the d.o.d. has repeatedly argued including in testimony before my subcommittee that the area in which the pirates operate is so vast the navy simply cannot prevent every attack by conducting patrols and the vessels should protect themselves. this perspective assumes that the only way the military can protect merchant shipping from pirates is to stage vessels across the entire million square mile theater of operations. frankly, there are other ways to protect our merchant fleet. united states maritime administration estimates that approximately 54 u.s. flag vessels transit the horn of africa region during the course of the year. of these about 40 will carry u.s. government food aid, cargos, and 44 have the ability to carry u.s. military cargo. only a handful of these vessels are estimated to be at serious risk of attack by pirates due to their operating c

navies out there that cr as concerned. the idea is that this is somehow being made a u.s. responsibility. the world spoke through the united nations. also this collective concern and there are now collective authorities given to us and we hope it doesn't just fall off on us to respond to this but in the sense that the security council resolution was much more comp hence i have that than that. there are new economic restrictions and sanctions and financial restrictions and sanction it's, so i would pursue y'all to pursue some of those angles as well, but there are other components to this other than just the military one. >> geoff? >> it's been pretty widely reported that the president signed off on this new fiber sub command? >> yes. >> can you talk to us about what exactly he did authorize and what it will bring to the fold and when we could start looking for some of this to be standing up ? >> i think this has been reported ad nozz yum! by now. it was the least best-kept secret in washington and recently signed. yesterday. this does offer a sub unified command for the united states unde

alberto, former navy general counsel, testified to the senate armed services committee about guantanamo and this is what he said. serving u.s. rank officers maintained the first and second identifiable causes of u.s. combat deaths in iraq as judged by their effectiveness recruiting insurgent fighters into the combat or respectively symbols of abu ghraib and guantanamo. so it's not accurate for senator kyl or others to suggest president obama and i dreamed up the notion that guantanamo is a recruiting poster. it is our military leaders who told us that based on their experience actually fighting the war in iraq and afghanistan. senator kyl also claimed on the floor this afternoon that no one has been abused at guantanamo. he said, quote, this idea prisoners are treated badly is false. the insinuation directly or indirectly the torture has occurred at guantanamo must stop, and of quote. well, that's senator kyle's opinion but others have a different view. the senate armed services committee issued a bipartisan report which reached much different conclusion. they found in by quote this bipartisan report of the senate armed s