Good morning. This hearing will now come to order. I am pleased to welcome our distinguished panels of Witnesses Today on the economic subcommittee focusing on a very important topic and i think theres a lot of bipartisan interest in and that is the economic geostrategic challenge with the rise of china poses for the United States not just today but in the future. The calmness party led peoples republic of china through unfair treatment practices and intellectual property theft market manipulation and very prominently in my view not reciprocal treatment not just in the economic realm but in many realms has been a force in the Global Economy that undercuts the resiliency of the u. S. Economy. Its been one of the worlds fastestgrowing economies averaging close to 10 growth from 1979 to 2015. In 2014 china overtook the United States as the Worlds Largest country in reducing power according to the International Monetary fund. I believe there is a strong bipartisan interest and hopefully we
Right now the focus is on states and cities that are holding back on reopening and phased reopening plans at this stage here. Looks like it is relatively contained but all of this in an environment where the number of cases has picked and the World Health Organization says the worse could be yet to come. Interesting development as well in england they were reordered to institute lockdown measures. That is follows on heels with other Foreign Countries bedevil ed openings not going necessarily to plan. Im not talk being about what is rapping in russia, india, spikes in cases in japan and the seoul, south korea area. The fear this seems to way on the markets eventually. Something that will slow certainly the reopenings and the economy and recovery that many hoped to see from that. Very tepid. No matter what happens today. Looking like a boffo month for all the major market afterrings, certainly a very strong quarter. The strong first half of the year, well get into all of that, first to c
Were monitoring very closely for you, what is an acceptable surge . They usually like to say three to 5 increase over existing cases and a three to 5 increase of positive cases from what were positive cases before. It is not a hard and fast rule. But were watching that very, very closely because were told right now senate cdc is going to start giving specifics to that. I have not seen that before coming to air to join you right now. That is really going to be the big one to follow today, because if that shows to be beyond that range, some of the states that had planned roll outs will delay those rollouts. Whether that applies to florida is anyones guess. Right now the cases there have been noteworthy in terms of the spike but so far on the part of the governor there no plans to change the continuing rollout of these sheltering and various phases that will essentially get the entire ocean state open by the end of next month. All right. Lets get the latest. Excuse me, from edward lawrenc
Mendenhall well, good morning. Welcome to the montgomery federalist society. Im president of the montgomery chapter. Im excited to have you here today for our topic on occupational licensing. Occupational licensing laws establish entry into professions and fields based on the allegation that the general safety and welfare of the community is served and protected by them. The reality is that connected Interest Groups favor lobbyists and other connected Interest Groups favor occupational licensing for its anticompetitive effects. The fees and restrictions instituted by occupational licensure prevent entrepreneurial innovators, who often come from modest backgrounds and represent groups, from efficiently vulnerable groups, from efficiently providing consumers with better goods and services. The onus of these laws falls disproportionately on minority communities from the eliminate to benefit from the eliminate national elimination of burdensome regulations and the expense of Economic Freed
Hapter im excited to have you here today for our topic on occupational life insurance. This is actually occupational licensing. Occupational licensing laws established entry into professions and fields based on the allegation that the general safety and welfare of the community is served and protected by them. The reality is that connected Interest Groups favor occupational licensing for its anticompetitive effects. The fees and restrictions instituted by occupational licensure prevent entrepreneurial innovators who often come from modest backgrounds and represent vulnerable groups from efficiently providing consumers with better goods and services. Fallsus of these laws disproportionately on minority eliminates from the National Illumination of burdensome regulations and the expense of Economic Freedom and mobility. The Johnson Center for political economy recently did a study that was published in 2018 the cause of occupational licensing in alabama. We have dan sutter with us today w