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CSPAN2 Key Capitol Hill Hearings November 5, 2015

In this particular area you are addressing with the act is a critical one, if that is good to be our goal. It raises three issues today. The first one is economic theory. And the economics behind us, there has long been of human economics that functioning effective functioning of markets depend on information. Received theomists nobel prize in 2001 for their Research Related to what they called asymmetric information. This is exactly what is going on here. When you go to a hotel, you do not know anything about what you see. The hotel knows everything. This is a market with asymmetric information. They won the nobel prize because they shows the markets with that information underperformed what would otherwise be economic welfare for everyone, consumers in the overall economy. In particular, this and other researchers found that markets do not perform effectively, number one, if buyers cannot accurately assess the value before the ....

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CSPAN2 Key Capitol Hill Hearings November 6, 2015

You are bound by the fine print that lawyers are good at drafting and the idea that some companies are suing or threatening to sue customers for truthfully reviewing their Consumer Experience because of the despairage clauses in the content in the fine print is appalling. In a state like mine, florida, that is dependented on tourism, we want visitors to their their experience. Dependent businesses that do a good job should be rewarded with good comments and those who do not ought to be punished by telling the truth. They are sharing their opinion with other consumers. I think this hearing is timely, mr. Chairman, because of this issue in your bill brings up also a related issue that needs to be discussed. Just a few weeks ago, the Los Angeles Times reported that fiatchrysler was requiring consumers who wanted to receive on a car, they must in order to get that, sign a ....

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CSPAN3 Key Capitol Hill Hearings November 3, 2015

Us in terms of harvesting cotton and tomatoes. At the end of the basero program is one Significant Impact. Also what we see at the same time was there was not not only was there a number of visas available to mexican nationals, right, but we also see a shift in the temporary worker programs. So at this time, there had been, prior to 1965, a temporary worker program, h2 program. It was relatively small in scale and continues to be relatively small in scale. Prior to 1965, the burden was on the government to show that the workers that were coming in under the temporary programs would not harm the u. S. Workforce. Beginning in 1965, that burden then shifted to employers. What this meant was there was more of an active, exantiscreening role that the government played in determining which temporary workers and generally which foreignborn workers would be able to come into the Unite ....

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CSPAN Washington This Week November 8, 2015

Fundamental right. Consumers today are typically required to waive all sorts of rights, including the right to seek our Justice System, and the right to even speak. What is happening is obvious. Through the use of indecipherable language and nonnegotiable contracts, corporations have successfully strip consumers of the seventh amendment right. Why should we be surprised when corporations what to do the same to consumers First Amendment right . Deemed would have been unconscionable and unenforceable. Surely, there is no consent by the consumer. Surely it was on constable it was [indiscernible] congress should pass a bill that prohibits gag causes. Simply, these gag causes attack the very heart of affair and functioning american marketplace by considering prohibiting few bursts consumers prohibiting consumers. Consumer Prote ....

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CSPAN Key Capitol Hill Hearings November 7, 2015

Expect. It takes tenuous attention. This will fade away if you dont Pay Attention to it. Hice it is a huge task. In the middle of that, you have both safety and the efficiency issue. You mentioned some metrics you are currently implementing. Mr. Ross and mr. Grover, do you believe those metrics are adequate mr. Roth and mr. Grover, you believe those metrics are adequate to provide the safety and security and efficiency we need . I. G. Roth i agree that you get what you measure. It is part of our audit process. 90 days after the completion of our report, we will look back on it in a rigorous, systematic way to determine whether or not these metrics are going to work. Until then, we are going to be skeptical about it, because that is our job, to be skeptical. We will Keep Congress informed as we go forward. Grover time will tell. Our biggest task will be to make sure they put in ....

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