Murkowski Morning Meeting, 6/20/2012 -- Facebook Under Fire
Wednesday, June 20, 2012 – Happy Solstice, Alaska!
U.S. Senate Events
Facebook Under Fire
Alaskan Impact: Thousands of Alaskans across the state stay connected with Facebook, but that doesn’t necessarily translate to financial gain. When Facebook stock went public last month, it raised concerns about whether investing in stocks protected the “Average Joe” – as professionals knew more than everyday consumers. Earlier today, the Senate Banking, Housing and Urban Affairs Committee examined whether the playing field is tipped to professionals’ advantage.
Senate Banking, Housing and Urban Affairs Committee Hearing
Topic: "Examining the IPO (initial public offering) Process: Is It Working for Ordinary Investors?"
· Ann Sherman, associate professor of finance at DePaul University
· Joel Trotter, partner at Latham & Watkins LLP
· Ilan Moscovitz, senior analyst for The Motley Fool
Moscovitz: Facebook investors “had to read between the lines”
Watch the entire hearing online: http://1.usa.gov/PrTSu9
House of Representatives Events
Combating Drug Trafficking in Alaska
Alaskan Impact: Synthetic drugs like “Spice” were banned by the Anchorage Assembly and statewide last fall. Last week, Senator Murkowski raised concerns about the U.S. Postal Service being used by drug traffickers to import drugs into Alaskan communities. Today the House Judiciary Committee heard testimony on what additional tactics the Drug Enforcement Agency can use to prevent drug trafficking.
House Judiciary Committee Hearing
Topic: "The Drug Enforcement Administration (DEA)"
- DEA Director Michelle Leonhart
Watch the entire hearing online: http://1.usa.gov/KMrS6r
Off the Hill Events
Fukushima Risks and Concerns
Alaskan Impact: With debris from the Japanese Tsunami washing up on Alaskan shores and states across the Western US, concerns remain about the safety of nuclear programs worldwide. Like most Alaskans, Senator Murkowski has been keeping a close eye on the debris and has also explored ways that our state may be able to assist with Japan’s energy shortfalls.
Nuclear Regulatory Commission Meeting
Topic: “Post-Fukushima Regulatory Framework”