when we did the economic study, the failure to act, it appears by the year 2020 we may be underinvesting in those areas by $100 billion a year. it's hard to say which is important. they are all critical. >> matthew, during all the years i discovered utility board meetings and rate deliberations and pickets outside the meetings we worried about whether we'd have enough electricity and how much it costs. have we paid enough attention to the security of the system is, sabotage? >> i think it's one element of it. that's definitely a new-type of change and threat to the system, but i still believe that the major threat to the system - your earlier guess referenced it, is an ageing infrastructure both in the transmission and the power plant side of the business much on top of that, that's being exacerbated by the fact that we are prematurely retiring plants that have potential use for the future. the co-plants are retired because of environmental regulation, and nuclear plants. clean nuclear energy is shut down because of economic pressures, unfair economic pressures in many cases, and politic

it is an underinvested area area this gives college students and internships fight -- site.s gives them career coaching and counseling to help them figure out the right job. cory: what is intriguing me is it seems like it extends customer life. you take your customer past the fifth year into a longer-term relationship that lets you advertiser marketing value longer. is that part of the plan. dan: there is the right thing to do what do students need? we had to figure out what college to go to, matching them with scholarships. we extended it three years ago for the same business reasons. we have 75% of high school kids who plan to go to college in our network. we help them pick the right college pick the right major get their learning materials. now we have tutors, internships, and careers. it is now long beyond the original idea. cory: what is the customer like #dan: when we started it was rented, return it. now -- cory: that is a for your customer? dan: it was more like a three-year. now i think our lifetime of the customer can expand. cory: does that mean you will spend mor

it is a completely underinvested area.s than 40% of college kids even go to their career counseling office because they don't have anything for them. this gives college students an internships site. 62,000 companies, 2 million users. this gives them career coaching and counseling to help them figure out the right job. cory: what is intriguing me is it seems like it extends customer life. you take your customer past the fourth year or fifth year of college, in my case, past that fifth year into a longer-term relationship that lets you analyze your marketing dollar longer. is that part of the plan? dan: there are two things. there is the right thing to do what do students need? we had to figure out what college to go to, matching them with scholarships. we extended it three years ago for the same business reasons. now we have them, in high school, we have -- 75% of high school kids who plan to go to college in our network. we help them pick the right college, pick the right class, pick the right major, get their learning mat

iran has suffered from amazing underinvestment for years. i was there last year. there's not a single international chain hotel. no class a office space in the entire capitol or the entire country. there's an enormous need for infrastructure investment. once iran -- once sanctions are lifted from iran, there will be a wave of investment. and i think iran is incredibly well-positioned to make -- lori: it's risky though. the nuclear deal, it won't even be -- even if it is complete until june. what if we ultimately do not lift sanctions in iran? and you mentioned the oil interests there. i mean, the middle east, it goes without saying, is a hotbed of uncertainty. who will be the leader? which one? saudi arabia? iran? the israel component of it as well. very risky in my view. >> lori, you don't put the rent money in frontier markets like iran and other markets. lori: okay. yeah. >> but if you're looking for a market to diversify and looking for something that is situation-specific. and you're in a world where commodity prices are falling. you want something with situa

so many people have been underinvested in europe. now you're seeing this money rushing into europe. >> one of the things you mentioned is activists. you have all these activist investors trying to do dividends, do buybacks. you're saying focus on the business, on the strategy. >> the main purpose of my letter was to try to create a narrative that creates more balance. i believe there's been an emphasis of short termism. i think investors are forcing companies to raise dividends and stock repurchases. in some cases, it may make sense, but in many cases, it may not. what we're trying to ask all the leaders of companies and their board, articulate a long-term strategy. tell us about how much money you're going to reinvest in your company over time. how many people you're going to be hiring. give us an understanding about what you think about mergers. would you -- are you interested in any component of your business that you need to have an opportunity to buy another company? then importantly, tell us about your capital plans related to

we've underinvested in education because it's a expense in the municipalities, an expense in the corporations. we just say, you know what? we've got to cut expenses to make ends meet and this is an easy one. you know because there are plenty of people out there. we'll always find somebody smarter. we've hit the wall on that. we don't have the talent necessary to move our organizations and our country forward in meaningful ways. not because they're bad people. we just haven't invested in them in a way that's necessary. >> my last question then before opening it up is on exactly that point, on training. part of what we were talking about today, part of what you were talking ant with your numbers -- about with your numbers, like the $26 million versus turnover costs is an emphasis on the workers you've got, treat them better, treat them differently. they'll respond. but you're also mentioning the fact that the workers you've got or have available may not be the ones you want in a sense. you need to get more out of them. so you've done this initiative on wages. where do you see, if you have an in

we're here to advance the cause of transportation because, frankly, there's a chronic underinvestmentn all modes of transportation in this country. so we're not going to get trapped in a food fight. we're not going to do that for sure. that's happened a few times in the past. in fact, i remember when i joined arpa in the last century, that's exactly the way it was, by the way, some of you remember that. we were the highway community. apta was the transit community. never shall they meet. what a crime. that was sad. that was very sad. that has not been the case in recent years. so the vast majority of congress, you already know this. they do recognize, finally, what we're facing. the facts, not the myths, that have been adequately conveyed by all of us, over the years, over the months, over recent days so none of them, none of them can say they don't know the truth. they may refer to the latest ad or radio ad that they've heard. the crime, the crime and need to invest, but folks, the facts are out there. that's one of the good news things. now the last eight years, the last eight years

energy has been the one place people have stayed underinvested. if they are getting more money, they will keep producing. why not gekko? >> only thing i would say is i think the leverage will be tepid for a while. as you are seeing some of these better companies, you can get fair amount of equity capital. alix: what kind of volatility do you expect to see? >> either way, i think it is been very well telegraphed. i actually think they should start moving. everybody anticipates they are moving. it is hard to believe there will not be some volatility in the markets. there will be volatility for sure. i do not think the fed moving should create that much stress. i think they showed. alix: what energy are you not touching with a 10 foot pole? >> the energy services sector. certainly you get your arms around the e&p's space where you have a price point where companies are profitable. a bunch of them in the 50-60 range. part of the reason there is a cap oil is they will start producing once you get into the 65 zone. service sector will be tough for a whi

amtrak set records year over year and continuing to underinvestment in the critical infrastructure.so last month i led a letter with pennsylvania senator casey and 20 other senators asking the subcommittee to consider funding am track at $2 billion for fiscal year '16 and i would be interested in hearing what you believe we need to do to improve service and making progress towards achieving a state of good repair in the northeast corridor. >> i think it's an excellent question. and it speaks to one of the fundamental tenets of the grow america act which is that it is not just the year to year funding that we need to put amtrak on a more stable footing the not only be able to improve its operations, but also, to make sure that managing the state of good repair of the system. that it is having multi-year certainty. that is also very critical to that. and our bill puts fully $28.6 billion over 6 years into a passenger rail system so that there is multi-year certainty, amtrak can actually plan. i think one of the things amtrak suffers from is just not being able to plan beyond the curre

we've underinvested in education because it's a expense in the municipalities, an expense in the corporations. we just say, you know what? we've got to cut expenses to make ends meet and this is an easy one. you know, because there are plenty of people out there. we'll always find somebody smarter. we've hit the wall on that. we don't have the talent necessary to move our organizations and our country forward in meaningful ways. not because they're bad people. we just haven't invested in them in a way that's necessary. adam: my last question then before opening it up is on exactly that point, on training. part of what we were talking about today, part of what you were talking ant with your -- about with your numbers, like the $26 million versus turnover costs is an emphasis on the workers you've got, treat them better, treat them differently. they'll respond. but you're also mentioning the fact that the workers you've got or have available may not be the ones you want in a sense. you need to get more out of them. so you've done this initiative on wages. where do you see, if you have an initia

stop americans from having the problems that they have to deal with day in and day out with an underinvested, aged infrastructure. the speaker pro tempore: the gentleman's time has expired. for what purpose does the gentlewoman from florida seek recognition? >> permission to address the house for one minute. the speaker pro tempore: the the gentlewoman from florida. the gentlewoman from new york seek recognition? >> permission to address the house for one minute. the speaker pro tempore: without objection. ms. clarke: i stand today with my colleagues to focus the attention on the world of the 276 young women who were kid by boko haram, 219 wherebs are unknown in nigeria, just a year ago in april. this kidnapping, this act of terrorism was an attack on the basic human rights of women and girls to participate in civil society, in this instance by attending school to develop their individual talents and god-given potential. these young people were violently abducted for the purpose of preventing their full participation in the civil society of nigeria. now, a year after their kidnapping, these

we're here to advance the cause of transportation because, frankly, there's a chronic underinvestmentn all modes of transportation in this country. so we're not going to get trapped in a food fight. we're not going to do that for sure. that's happened a few times in the past. in fact, i remember when i joined arthur in the last century, that's exactly the way it was by the way, some of you remember that. we were the highway community. apta was the transit community. never shall they meet. what a crime. that was sad. that was very sad. that has not been the case in recent years. so the vast majority of congress, you already know this. they do recognize, finally, what we're facing. the facts, not the myths, that have been adequately conveyed by all of us, over the years, over the months, over recent days so none of them, none of them can say they don't know the truth. they may refer to the latest ad or radio ad that they've heard. the crime, the crime and need to invest, but folks, the facts are out there. that's one of the good news things. now the last eight years, the last eight year

we saw in other parts of the country, which is are the poor black communities which have been underinvestednd in many ways are product of a failed and broken criminal justice system in this country, are laws being applied unevenly to citizens in those communities. that's the legitimate question has to be answered, not only relates to mr. gray's death and the situation in general. what do we do to improve the situation in the communities. we need to talk about the communities, not just around these crises but every day in congress, in local communities, what type of economic development strategies, what type of criminal justice reforms are needed so we can break this cycle of poverty and crime and despair and bad relations with the police department. so those are all of the issues that were coming out of the situation in baltimore, which were largely being handled in a very peaceful way, and the protests there were 50 to 100 religious leaders involved in what were peaceful protests and then quickly because tensions are high in these situations and these situations become inherently dangerous

what we saw in other parts of this country which is are these poor black communities have been underinvested in and in many ways, are the product of a failed and broken criminal justice system in this country. are laws being applied unevenly to citizens in those communities? and that's the legitimate question that has to be answered. not only as it relates to mr. gray's death but the situation in general. and what do we do to improve the situation in the communities? need to be talking about these communities, not just around these crisis but every day about these communities not just around these crises but every day in the congress, what type of economic development strategies, what type of criminal justice reforms are needed so that we can break the cycle of poverty and crime and despair and bad relations with the police department? >> committee will come to order. are there further amendments to the readiness subsection of the bill? mr. rogers. >> thank you chairman. this proposal -- >> excuse me. does the gentleman have an amendment to offer? >> i do. >> the clerk will please pass out t

situation of baltimore, what we saw in other parts of the country, which is, these black communities, underinvested in and in many ways are the product of a failed and broken criminal justice system in this country our laws being applied unevenly to citizens in those communities? that is a legitimate question that has to be answered. and then what do we do to improve the situation in these communities when you could be talking about these communities not just around these crises, what types of criminal justice reforms are needed so we could break this cycle of poverty and crime and despair and bad relations with the police department. those are all the issues coming out of the situation in baltimore. what is remarkably being handled in a very peaceful way. protests, 50 or 100 religious leaders involved, and peaceful protests. tensions were high in this situation and the situation becomes inherently dangerous. things got out of hand very quickly. host: i will go to josh in florida, a democrat. go ahead with your question or comment. caller: good morning, congressman. the question i have is simply th

situation of baltimore, what we saw in other parts of the country, which is, these black communities, underinvestedd in many ways are the product of a failed and broken criminal justice system in this country our laws being applied unevenly to citizens in those communities? that is a legitimate question that has to be answered. and then what do we do to improve the situation in these communities when you could be talking about these communities not just around these crises, what types of criminal justice reforms are needed so we could break this cycle of poverty and crime and despair and bad relations with the police department. those are all the issues coming out of the situation in baltimore. what is remarkably being handled in a very peaceful way. protests, 50 or 100 religious leaders involved, and peaceful protests. tensions were high in this situation and the situation becomes inherently dangerous. things got out of hand very quickly. host: i will go to josh in florida, a democrat. go ahead with your question or comment. caller: good morning, congressman. the question i have is simply this. te