And ceo of the association of american railroads. Jim cb, commissioner of the southwest chief and Front Range Passenger Rail commission, and jennifer homendy, Member National Transportation Safety board. I continue to be a strong supporter of our real industry both freight and passenger. Rail service is safe and efficient. It also reduces congestion on our highways and spurs economic growth. In mississippi, for example, we have 26 Freight Railroads, 2,400 miles of track, five of the seven class ones, two longdistance amtrak routes, 10 stations, and more than 100,000 annual riders. Rail is vital to mississippi. I have been a tireless advocate for the restoration of the gulf coast Passenger Service, which was suspended in 2005 after hurricane katrina. With funding support from dot, amtrak, and the states, i am pleased to report that mississippi, louisiana, and alabama are likely once again to have this amtrak route and that will give mississippi a third amtrak route. Restoration of this
Incredible month where you saw stocks continue to climb add that to year to date dow up 7. 3 . The s p up 19. 5 the nasdaq is up a whopping 37 . Lets put that in historic context. The year to date, you were talking about the nas ddaq with the best first months since 1975 held on to gains gave some back in the second past of the year up 30 by the end of the year. If you look at the s p, up 19. 5 . That is the best performance since the beginning of 1997. That year, s p up 28 . It ended up 31 . Adding to gains, mike, throughout the things. You look at this and look back the pattern in history is that markets that are consistently strong with five months up in the s p 500 happens in the context of generally continuing uptrends. It is not a fluke. That being said, it has happened eight times in the last decade it happened 40 since 1949 the dow was up 100 points in the last minute of trading yesterday. A lot of stuff that gets done at month end. In general, the market has answered most of t
We are here at the Henry Ford Museum of innovation. Were in the railroad exhibit. As automobiles sp airplanes were the key Transportation Technology of the 20th century. The rail yoed was the Major Technology of the 19th century. Its not an exaggeration it was the equal of an astronaut. What we have here are railroad locomotives that tell the story of railroad in the United States from the earliest day ins the 1830s. To the 1920s. Behind me is our earliest example. A replica of the 1831 locomotive and car on the moe hawk and hudson railroad. Built in 1892. This gives us an idea of what Steam Locomotives and trains look like in the 1820s and 1830s. The moe hawk and hudson located nd new york state and became a part of a railroad known as the new york central. One of the largest in the United States. Railroads in the 1830s were small and local affairs. They might run 15, 20 miles between a couple cities. Some had grander ambition of connecting the ocean with the great lakes or with the m
1. 25 . Still a mixed picture here as we continue to see these swing back and forth from the major averages. Look at the s p 500 on an intraday basis, and stocks open lower, and of rising to the highs of the session around 11 15 or so, and have been shopping around for the rest of the day. Some of it it appears where the equity markets were getting this were from the bond markets to some degree, particularly around 1 00 p. M. That is when we got the results of the latest bond auction in the u. S. A 10 year option, 24 billion worth. The weakest result we have seen in five months time. After the auction, we saw yields go to the highs of the session. That is not to say that every move and take in this equity and rally has been pushed around by the bond market, but investors are watching what is going on in bonds to some degree. Also, we are watching what is happening with oil. We see a for data klein in oil prices that amounts to the worst that we have seen in more than six months. You se
Signed, john a. Boehner, speaker of the house of representatives. The speaker pro tempore pursuant to the order of the house of january 6 2015, the chair will now recognize members from lists submitted by the majority and minority leaders for morning hour debate. The chair will alternate recognition between the parties with each party limited to one hour and each member other than the majority and minority leaders and the minority whip limited to five minutes, but in no event shall debate continue beyond 11 50 a. M. The chair recognizes the gentleman from illinois, mr. Gutierrez, for five minutes. Mr. Gutierrez id like to congratulate the speaker and the republican majority for coming to their senses and allowing the house of representatives to pass a bill funding the department of Homeland Security for the rest of the fiscal year. Seems odd i would have to come to this well to congratulate the majority for funding one of the largest and most important departments in the u. S. Governme