Nasdaq nosedived the worst day since march. The lesson things got too easy. Everything was working every sector, the airlines, oils, health care, cruise lines, transports, blanks, retail, tech until a few days ago, picking winners, you know what it was like it wasnt like shooting fish in a barrel, it was like machine gunning fish in a barrel when it getz that easy, when everyone thinks theyre smarter than warren buffett, you know youre in a real bruising. A genuine roll back, and sets back the neophytes who only knew when you buy a stock, it goes up that logic has now been debunked this has wiped out a good chunk of the geniuses who crowded into the airlines, betting they knew better than buffet after he dumped the whole group so what happens now . If theres all this money being managed by novices who only know how to chase momentum, is it safe to buy before those get blown out . Dont have you have to way until the Hedge Fund Guys who missed the whole rally, come on our air and say i t
Protection program and businesses of all sizes have started to use the tax tools that we provided for their liquidity. But in that time the critics have also done what they do best. They criticize. The need came has seized on an opportunity to perpetuate every negative story that critics can manufacture. You can imagine my surprise when democrats criticized the net operating loss carryback provisions in the cares act. Because oddly democrats previously supported the last three bills where we expanded the net operating loss carrybacks in 2002, 2005, and even in 2009 with all democrat rule. So i dont recall in any of those instances any partisan attacks from democrats about this previously bipartisan, antirecessionary policy tools. So why now . Sadly, that irresponsibility has led our democratic colleagues in the house to pass legislation that would take back important tax tools that we have provided in the cares act to the tune of 254 billion, and thats a tax increase on the american bu
Process. He was overwhelming confirmed in the committee process. I look forward to him transitioning from him being a great attorney in our state to being a great judge, to be able to serve the people of oklahoma and of the United States on the federal bench. So im looking forward to that vote be completed. In the days ahead, we will celebrate decoration day. Decoration day was first declared locally in 1866 after the civil war. It was a day to remember those who gave their lives in battle for our country by decorating the graves and remembering their sacrifice. Now we call it memorial day. We remember all those who have given their lives for our nation. Its, unfortunately, not those who just gave their lives long past. Unfortunately, its still in the painful present. Last weekend i sat in an agonizing funeral for tec sergeant roberts, who was killed by rocket fire just two and a half months ago. He was in the process of getting others to safety when a rocket took his life. He is the f
Bottom of it so we can assure that it never ever happens again. Madam president , i yield the floor. In a few minutes this senate will vote on a nomination for john hile, serving as a District Court judge for oklahoma. We have three areas, northern district, eastern districts, western districts in oklahoma and this judge covers all three of those and moves to wherever there is the greatest need and we are in great need. This is a position weve needed for a while and im proud that john has gone through this process. He was overwhelmingly confirmed in his nomination process through committee. I expect him to have wide bipartisan support when he passes this floor in a few moments and forward to him transitioning from being a great attorney in our state to being a great judge, to be able to serve the people of oklahoma and of the United States on the federal bench. So looking forward to that vote being completed. In the days ahead, we will celebrate Decoration Day. The Decoration Day was f
Changing face of russia. The longest session of un climate talks ever held has come to an end in madrid. After an extra two days and nights of talks, all countries agreed to develop tougher carbon cutting plans in time for another major conference to be hosted next year by the uk in glasgow. The deal, seen as a compromise, has been criticised by the un secretary general as a lost opportunity. Our science editor David Shukman has the details. Were starting to get a little lost. We are kind of lost. 0k. Confusion and fatigue after the longest session of climate negotiations on record. We are a little confused about what documents are being discussed. The hope had been to speed up the fight against rising temperatures. Instead, the talks limped to a compromise that left many unhappy. Especially the island nations that fear for their futures. Im exhausted. Ifeel like much, much more could have been done. And im thinking about how im going to go home and explain that this was a really, real