This is the best of this institution of how it performs. It has been embodied in the Public Service of carl levin for 36 years here. What you have heard is the testimonies on both sides of the aisle that because of how he has conducted himself as an individual and how he has conducted himself as a Public Servant and how he has conducted himself as a leader in this senate is exactly how this institution is supposed to function. Isnt it rather symbolic that on the last couple of days of the session the bill that will be passed is the bill that he has ushered and he never broke tradition. He made sure the Defense Authorization bill was going to be passed by hammering out the differences with the house and shepherding it through the parliament process. And its happened every year because of extraordinary leadership. I will close simply by saying that because he is all of the things that youve heard, the consummate gentleman, the humble Public Servant, the razor sharp mind, the best lawyer,
Has put in place knew rules for prime institutional funds that get rid of the fixed dollar value. They will have net asset values that will reduce run risk. That aside to allow firms to impose fees something that could create Financial Stability risk that we need to watch. The so called Triparty Repo market which is a major source of shortterm wholesale funding, that contained great risks. We have taken steps important steps to mitigate. Central counterparties a thrust of reform has been to try to move as many derivative contracts as possible into central counterparties to have them. By central counterparties something that serves to reduce risk and complexity and enhance Financial Stability but when these entities themselves become systemic and clearly need supervision something that you have mentioned in imf work is that we have a major growth of open ended mutual funds where you have funds that are investing in highly illiquid assets. The industries are promised immediate liquidity.
Culpable if not more culpable than the person who knows the facts. Youre going to send him up the river for 15 years. Again we believe is justice culpable . We think certainly its sufficient if the government can prove that the defendant knowingly distributed a drug believing it to be illegal to do so. Whether or not he knew what provision of law. Illegal because in fact its bad for animals and the law involved prevents veterinarians from using this kind of drug for animal treatment. Thats all he knows. Thats all he thinks. Now, hes guilty of this statute. That doesnt tend to show at all that knowledge that he knows its an analog. In your opinion, because he feels guilty, as perhaps he should, hes guilty of violating this law. Well, we do believe that would establish the necessary culpable state of mind. Gr can you give me any authority for that . Your example of willful blindness is an example of where in fact in respect to this law he knows there is a risk he is violating doing the c
Have a chance in a fragile economy to create good paying, innovationoriented jobs. My take is that if a foreign enemy was doing the damage to the American Economy that some of these overly broad nsa practices are doing, our citizens would be up in arms. I mean people would be up in arms literally from coast to coast. You have highlighted page three of your testimony, the forrester study, i believe or the technology foundation, 35 billion lost to the Cloud Computing industry is just one part of the Technology Sector over three years. I talk about the balkanization of the internet. I think it would be very helpful if you would flesh that out. I would assume that what youre touching on is that when countries like europe and brazil and others are applying various restrictions and opportunities for access to our Digital Goods and services that this makes it hard for us to have that kind of seamless internet, but flesh out that concept, if you would of the balkanization of the internet becau
Industry which is common that, is career ending. Its going to be examined in a very detailed way. So the usual attack or feeling about our technology is actually the fda is extraordinarily conservative and resistant to allowing these sorts of things through. And, in fact, if i looked at the pressure that the pharmaceutical industry could bring to bear on the fda and sort of the heft of big pharma is far bigger than biotech like monsanto. It really surprises me that you think the fda is captured in the sense that it, you know, will allow junk science as you claim it to be to be the basis for regulatory approvals. And most of the people, those kinds of scientists that i referred to that, you know, they look at that stuff and they would have no problem at all saying its totally garbage because not everybody is captured by the monsantos in the world. Let me get a question in the center here. Get the boom over here. You brought references to high Blood Pressure and autism. I can draw the sa