Years but having been here for 19 years going on 20, having such distinguished service. Having touched the department in so many ways, theres no one better suited for this challenging time. Would you please welcome him with your applause . [applause] thank you, john. I have much appreciate the chance to be back at csis as well as all of the serious important work that goes on here. I have to say i have benefited tremendously from their guidance and ideas. I have no doubt that the work that goes on here makes an important difference. And you are nice to come and listen to me. But the truth is, we could all sit here and take notes from dr. Hamery or david or some of the other experts here on this topic. I do have to note; however, that the last time i was at csis, it was for a cyber exercise. I was asked to play the president. And dr. Hamery has not invited me back since. I think it was deeply disturbing for him as is understandable. Chairman and i have been talking about a focus defense
Defendant, even though it now appears that faa fisa amendment acts were used in criminal prosecutions. There was a great story about this by Charlie Savage about the fact that the solicitor general, when he argued to the Supreme Court, represented to the court that fisa amendments act requires removal defendants to receive notice when the government is prosecuting them on the basis of evidence derived from the fisa amendments act. It turns out not to have been the Justice Departments policy. Their policy was to deny defendants notice, even in circumstances in which they were entitled to it under the statute and constitution. They have changed that policy, which is a good. It seems there is a disconnect between the Justice Department and some of the security agencies about what has to be released and what can be done to ensure what you have said. That data needs to be revealed to the defense. I do not think there is a disconnect between the department of justice and the intelligence age
The confirmation vote in the senate may take place as early as next week. No one is taking thats after the surprise where the central bank confused prediction. Making a you are not sticking your neck out. Class i am not. Job creation has really picked up and that has a lot of people talking about the possibility of a taper. We talked yesterday about how retail sales were pretty good. Maybe that means things were sustainable. Let me show you something i did not show you yesterday. Step back a little bit and look at this overtime. Retail sales have not been breaking out. They are still in the same range they have been all year. You could say the same thing about job creation. It is in roughly the average range it has been all year. Anyhas not broken out of kind of range. It is hard to argue you he has made a whole lot of difference. Do you keep it going . Cut back because it is not at no big changeass in gdp and employment, the fed sits waiting for employment to really move the cook befo
Seven 00 a. M. , Mortgage Applications are coming out and then Housing Starts and then Building Permits and then the fomc rate decision. There were two big winners in the second biggest lottery jackpot. I could be one of those people but so far, the Winning Tickets were sold in california and georgia and the two winners will a 63600 36 million million total. There could be more, you never know. I won 40 once. We won seven dollars once. Lets do a data check as i cap my winnings from the lottery. Up two daysrket is in a row. All of that is on the back of emergingmarket currencies which are fragile. Go onto our Second Screen screen which is more eclectic. The vxx is well over 16. Indonesia is challenged at 7. 72 . Yieldk at the 10 year like mortgages and the pros are looking at the two year yield. We scour the papers this morning for the front pages. What about Virtual Currencies . China is cracking down on that coin. On bitcoin. The central bank Band Financial institution from dealing wi
Asking for your thoughts on whether it is a good use of taxpayer dollars. Weird also like to hear if and how ike commuting is supported in your community. We would also like to hear if and how bicycle commuting is supported in your community. We have a special line for cyclists this morning. You can also catch up with us on all your favorite social media pages on twitter and facebook. You can also email us. Morningstart this talking about this story in roll call. It notes that as cycling to work becomes more popular, it is becoming more dangerous. This story goes on to note that is proposingmocrat and 11 million lowCost Loan Program. The program would be modeled on the popular transportation Infrastructure Finance and infrastructure act that provides loan guarantees for road, bridge and transit projects. As you might note, the league of American Bicyclists is one group that is in favor of this program after the congressman unveiled his proposal at the end of last month. The league rele