Governor, jerome powell. Those stories and more in just a moment but first, we have breaking news on halliburton. Lets go to our chief market correspondent, scarlet fu. Halliburton, the Oil Services Company is cutting 6. 5 percent to eight percent of its workforce. No layoffs planned due to the baker hughes deal, but this is because of the Challenging Market environment. Those were the exact words used by the company. Total had come total headcount at halliburton is about 80,000. The Houston Business Journal reported halliburton would be cutting between 5000 and 6000 jobs. Oil prices have plunged from their highs of last year. If you look at how halliburton shares are performing, take a look at the bloomberg terminal. This is the intraday chart and you can see we opened lower and have been on a little bit of a recovery and yet when the news hit we had our lows of the day, down 2. 8 at the moment. Thank you. Lets return to washington and our chief washington correspondent, peter cook, w
A also identifies a great deal of information about the causes of errors which allows the specific and effective policy solutions. That policy solutions. They are challenges to improving accuracy and a vast and complex system whose main system is to educate children, not administer the meal programs. The School Meal Programs operate in nearly 100000 schools nationwide and theres wide variation. Their staffing and resources and technological capacities vary widely. Theres also variation in what children get meals in the lunchroom or classroom and have fiscal checks who is in which category. Small rural schools have different operational and administrative capacities in larger districts assert hundreds of thousands of students. Meal tracking systems can range from paper to stateoftheart software. Schools are not really set up to do the the eligibility determinations at the Public Benefit programs do. The step program for medicaid have teams of professional eligibility workers who spend a
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
So i think that tension needs to be resolved one way with the other, and i think it needs to be resolved around a more Foreign Policy guidance. The way it works now, lets change, since my day, is we used to sit down with people from the state department usually the deputy secretary, once or twice here and say whats on your mind, what you think of the important countries we should be concentrating on . I hope that when i was undersecretary there was more conversation, but theres no real guidance. And i think that there needs to be. The second thing there needs to be absolutely is a we organization of the bbg. The bbg has now have agency. Theres no ceo eric one of the strangest organizations in all of the federal government. The board itself is the head of agency, and the chair really has no more power than any of the other governors. Its kind of a zion to run the show. And by the way, im not sure, as the chair, the new chair nominated. Nominate, thats all. This is the way that administr