Airlines, what have you. Theres two things that happen. Once a commission interests itself in a particular area, puts a sign out that says open for business, which is basically what we did when we did the open Internet Order, right . What happens . Firms realize, oh, i dont get to make money looking at customers and making investments, i make money by going to the regulators and getting them to favor me and disfavor others. The phrase economists use for this is rent seeking. And thats what it does, it opens up rent seeking. For 30 years we never had any complaints about interconnection. Since 2010 weve had a number of complaints. Why . Open for business. The second thing that happens, and this is, i think, the most dangerous part of it, is even though the commissioners may say, well, we want to limit how much we regulate, okay . That wont happen. They will be under constant pressure to expand the regulatory writ. And weve seen this happen now. Level iii, for example, in 2010 said lets
A daily caller article from last week noted and i quote cancer physicians with their specialty and expensive procedures have been a primarily casualty. According to an associated press, 4 of the top 19 comprehensive cancer centered by all Obamacare Exchange plans if their states. 4 of the 19 top cancer centers, mr. President , in the country. Thats not what you want out of a Health Insurance plan if you have cancer. Given the president s broken promises and the havoc that obamacare is wreaking on our health care system, its no surprise that 80 of those politico sur vaifd wan surveyedy or repeal it entirely. Or that it was the most cited reason for a negative experience with the federal government. Or that obamacare will be 90 how they will vote this farm. Theres a lot more that could be said about obamacare, like the damage that its doing to our economy, but i want to move on, madam president , to talk about another very serious instance of government mismanagement and thats whats goin
Can find their own enforcement. I think every survivor will back that up. This weekend on cspan center requirement gaskell, the first of several discussions on combating rape and Sexual Assault on College Campuses in the morning attendees in. On book tv, the wife of former Vice President dick cheney and senior fellow at the American Enterprise institute exam as a political philosophy and president ial tenure of James Madison some morning and 11 00 on cspan2 as American History tv, the life and work of American Red Cross founder clara barton will visit her missing Soldiers Office followed by questions on cspan three. President obama travel tech cooperstown to deliver remarks at the National Baseball hall of fame and museum. The president spoke about increasing travel and tourism in the United States. This is 15. I have to say that in addition to just wonderful people, those of you all across america and around the world you have not been here, this is a gorgeous place. We came in by hel
Always taking advantage of that. Thanks and thanks for the opportunity to speak about the amazing young people that, as the president and ceo of student veterans of america, that i get to represent. And so to start with a little bit of background on student veterans of america or sva, started six years ago on 20 campuses because when student vets were transitioning they saw that the College Environment or higher ed was not prepared for student vets. We were older, we were much more mature. We had a different world view than just coming out of high school than say the traditional student. And so these vets met in chicago and we started on 20 campuses six years ago and today we are on more than is,000 campuses representing those 1,000 chapters with more than 400,000 student vets being serviced by our policy, our advocacy and the work we do in delivering programs. I was very fortunate to be helped by general pace and katy who is here with wall street war fighters and i had a personal sitd
To meet new tough every Capital Requirements but regulators proposed this last year. The banks have been expecting it and already started raising that new capital according to officials. The rules, something, applying to something called a leverage ratio, apply to banks with assets of more than 700 billion that are systematically important, bank of america, bank of new york mellon, citigroup, goldman sachs, jpmorgan chase, morgan stanley, State Street Corporation and wells fargo and company will be covered under this new rule. They are designed to help protect these banks in another financial crisis and avoid future taxpayer bailouts, though the banks argue the rules will curtail lending and saddle them with higher costs. Melissa . Melissa peter, thanks so much. So back to the markets. They are alive. Stocks back in the green after three days of steep declines but whats really behind all the market mayhem . Here our very own charlie gasparino, barrons Senior Editor jack hough and Finan