Page 23 - Bump Up News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Following what is happening with the market. you know, alisyn, every time for the last ten years there has been a bump up in the oil price, people blame the speculators and, look, we know one of the reasons that oil prices are way up is because of the turbulence going on in the middle east, and, in places like saudi arabia and libya, that caused real supply disruptions, remember, 2007, the oil price went up to $150 a barrel. way higher than today and, nine months later it was down to 30 or 40 dollar is and there is massive fluctuations in gasoline and oil prices for the last ten years and some...

Taxpayer money. i think in this current year, it is allotted over $4 billion. what we did is we allowed for half of the big bump-up to still stay in place at noaa. there is no prescription in the language allocating those funds saying that noaa should or shouldn't take away the emphasis on take away moneys from programs that protect the safety and well-being of our citizens. if the point is, that we think that we ought not have early warnings for hurricanes or tsunamis, that's just not true. the facts really don't bear that out. >> congressman, they're going to have to squeeze some absolutely ...

Competitive within the other industrialized countries and the ratings. and so i do think there's common ground. dave camp in the ways and means committee is out there already with hearings and i can see commonality in where we're trying to head. obviously big, big issue that we're going to try and focus on. >> congressman, dr. jeffrey sachs has a question for you. >> congressman, hi. a couple questions. good to see you this morning. >> good morning. >> you were quoted as saying we have to cut the ocean agency, the national oceanographic and atmospheric administration because we can't afford it...

All regulations and the fact is that you can see he has got on significant bump up in the polls. you have a little smile on your face. do you think it he has move to the center? >> certainly a torically. the president got the message from the november election. bruce reid,sident, bruise the competitiveness appointment of jeff emmel, all of this is an effort to retool the image. he ran as a moderate. i would like for him to govern as a moderate. what we willle find out in the beginning next week is how much he really means. i'm told he will come out for lowering the corporate tax rate. it is no...

>> shannon: all right, so what is bringing out the bulls after a bit of a correction? >> you know, it is interesting because there was no real economic news. there was no big corporate news. but we are in anticipation of the big season on wall street, i know that is not the dog days of summer which we are suffering through here in new york. the real season is earnings season and it kicks off next week with alcoa. alcoa itself ahead of earnings was up 9% last week. so that was quite a jump and many people believe that we are going to see a 30% jump in profits over last year kind of across the b...