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14156550001. And entering access code, 146 703 5243. When we reach your item and you would like this submit your public testimony, please press star and 3 to be added to the queue. Each speaker will be allowed up to three minutes to speak. When you have 30 seconds remaining, you will hear a chime indicating your time is almost up. When the time is reached, i will announce your time is up. Best practice to speak clearly and slowly, and please mute the volume on your television or computer. Before i take roll, i did have an announcement to the Historic Preservation commission. You may have heard that a the Planning Departments longtime probably longest Zoning Administrator passed away in september and so i would just request that the commission adjourn in his honor and eternal memory. So now i would like ....
President s budget requests for the pentagon. They were also asked about military matters asian efforts and defense funds being diverted for border wall construction. The Committee Meets a diversity of testimony in the department of defense here, 2021. The budget request, we welcome our witnesses and thank you for their service in both doctor mark esper, and general mark. We have a pair of marks, this morning. This Committee Top priority is ensuring the effectiveness towards the National Defense strategy which is both what we have been adhering to for the long period of time now, but three years. Unfortunately in the last administration we asked irma terry to do more with less. That got us into trouble between 2012, 2017, we lost 150 billion to seek frustration. Our D ....
Driven by a weaker dollar. Whereturn to istanbul, bloombergs Turkey Bureau chief is standing by, and chris reiter is in berlin. President erdogan has sounded out again, ahead of the central bank decision. What can we expect today . There is a universal expectation that there will be a cut in Interest Rates later Turkish Central BankMonetary Policy convene committee convenes. What we dont know is how much. If the decision is in line with estimates, which predict around thet of 150 basis points, rate of return on the turkish lira adjusted for inflation goes down to 1. 9 . Thats a crucial number, still above the average of real return e. M. s, which turkey is considered part of, but below countries that turkey is usually judged against like russia and south afri ....
Are in the same business, and its if you really think about it, portland took 60, 70 of our work. So what did we do and i dont believe in living in the past. I believe sometime you cut your losses, you look to the future, and we find out what may have to go there. It may be ship repair, it may be something else, but i think we can get some revenue. I think this is a good plan, laying it out there. I think we got some work to do, but i truly believe that a port runs so different than a corporation, and as i say, the shareholders of the port is the public, and none of these commissioners up here, we dont get shares like a corporation do, so its totally run totally different, and this is what i do every day, dealing with all the west coast ports for the last 40 years of my life, so i clearly understand how that runs, but i do understand commissioner woo hos concern. I think well continue talking about maritime, i think well keep going at it, but also, i think theres a lot of facets to thi ....