This is the beginning of patrick jones. From this time on, his life will be a constant conflict. Necessity, and duty opposing dreams and distractions. These conflicts exist in every human being and we must to learn to do with them. It 10 years later, he is still immature and in thought and action. He can raise more hell than any kid on the block. He has plenty of fun, some of it not in accord with adult ideas of peace and quiet, but all in the routine of a boyhood. Anyakes him feel not in spirit of meanness, but because the old man represents authority and discipline. Yes, over the years dad has learned that firecracker shooting must be restrained at times and this will hurt bad more than it hurts pat. As patrick grows older he finds it pleasant to have people make a fuss over him like the time when he won first prize or when he hurt his knee in the championship Football Game and covered himself with glory. Everybody made over and waited on him. He was the fourstar local hero and he lo
The obvious infrastructure deployment requires the expectation of a healthy return on capital. That should be taken as a given but all too often in my experience the issue of return on capital is either ignored or misunderstood in policy forums. Its not a matter of whether a business is or isnt profitable. It is instead a matter of whether a business is sufficiently profitable to warrant the high levels of Capital Investment required for the deployment of infrasfrur. We that in mind, in 2014, the Largest Companies in the cable industry earned a very healthy return. The physical assets of comcast, time warner cable, charter and cablevision, the four publicly traded Cable Operators in 2014 all earned healthy returns in excess of their cost of capital with returns ranging from 13 to 33 . Those returns were unusually high for a capital intensive industry. On the other hand it should be noted the cable industry earned returns below the cost of capital for decades. Any longterm return on Net
Issues. And president ial candidate Mike Huckabee campaigns in newton iowa. President obama has nominated Lieutenant General Robert Miller to head the u. S. Marine corp. At his Senate Confirmation hearing, members of the Armed Service Committee Questioned general miller about the marine corp budget, military Sexual Assaults, and the militarys strategy in iraq and syria. We want to consider the nomination of Lieutenant General Robert Miller. General miller we thank you for joining us this morning. We are grateful for your many years of distinguished service to the nation and for your continued willingness to serve. As our tradition at the beginning of your testimony we invite you to introduce any family members that are joining us. As our nation confronts the most diverse and complex array of global crisis, the next commander after more than a decade of war in afghanistan and iraq, our marines have remained in high demand performing a range of services across the globe. Tension gripping
Goods or Something Like that. It is effective but just a different level of intensity. All right well, we have a lot of green cards here to which we were not able to get for which i apologize. But i think that also reflects the level of engagement of our consumers of Health Policy information here. Thank you for spending your beautiful friday afternoon inside a very cool hearing room helping us grapple with one of the most multifacetted set of problems in Health Policy these days. Thanks to anthem and the National Consumer league for helping us think through this topic and assemble a great panel. Speaking of said panel help me thank this panel for some wonderful discussion. [ applause ] well come back to this topic in september. Thanks very much. Tonight ot the communicators, Michael Oreilly on key issues before the fcc like Net Neutrality and regulating the internet and influence on policy making making. When an item is made before an open Commission Meeting and presented to the commi
Lets bring in michael ye and another health care analyst. Michael, first you to. Given the deals that we have seen, not just today but in the past, why do you believe a biomarine or vertex may be takeout targets down the line . Two reasons. One is if you looked at biotech valuations, theyre down 35 off the top in the last 6 to 8 months on political rhetoric that we talked about. So asset prices have come down and become a lot more attractive. The second point is that theres no change to the fact that Big Companies need commercial products and they need pipeline. Thats exactly what youre seeing. And what will those companies have that make them attractive you to or to potentially bottom . Les, we can hear you. Well get to you in a second. What makes them potential buyout candidates . Both vertex and biomerine have real revenue. Theyre out there right now plus pipelines. You get both of those with that. And so both of these companies have asset value to acquirers. You know, les, when you