on friday thatnoon, and he told me he would potentially increase the leverage ratio, the target .everage ratio of sirius xm what does that mean? liberty could borrow more money assets for time warner cable acquisition. but related, the dutch broadband providers. how does this fit in? may by thisedia company. it has primarily european assets. but the overarching thing is john malone push into cable. he likes the cable industry. he particularly likes the broadband growth there. in europe and the united states, giving themidating, more leverage against programmers who have been raising prices by 10% or more every single year and that increased leverage will cut costs and make companies more profitable. >> to your point, alex, we know that liberty global last year mobile and that was meant to compete with b-sky- b. how does that look right now? >> europe is still very fragmented on the cable side. way to go. is a long the united states is more consolidated in the sense that there is only a few cable companies that have real skill. time warner cable is the only cable company that is not famil

a fire sales can come from forced selling and one reason for that is because of debt and everage.at is not the only reason you an get it. i think trying to decide whether all we have to do is essentially keep our eyes out for leverage is something that is a great open question. i think this will be an area where there will be a lot more work. we have another mechanism were asset managers are chasing returns that gives the same kind of flavor were there can be a kind of positive eedback. they pile into certain traits, pushing up prices, reinforcing itself, and then you get a moment of truth then it unwinds rapidly. that is a great open question and one we should study. it leads me directly to my second question, which is can we go by this so-called separation principle ? i don't know if lars is at the meeting, but he has talked at length about this. he is a great quote there that monetary policy should be the last line of defense of financial stability, not the first line. there is a notion that you often hear that says we have all these regulatory tools that we can use to constrai

they will facilitate what we call social selling. ,everaging the network ultimately converting foot would'ven a cold call to a warm prospect. >> tell me more about your software development process. use, for your company to pushing them out to the public. >> i think you are referring specifically to how we have eaten in our own restaurant? for our platform employees. it is important to draw a distinction between what historically has been a public professional network, which is what linkedin is, where most of the information being shared is publicly available, and a private professional network in the enterprise where there is sensitive information. in linkedin we are building tools that enable us to get more value from our own platform. and to the extent that we generate the right kind of engagement and product enhancement, we would then be in a position. >> it sounds like a chatter interface that you might offer. bewe would want it to specific and unique to what we offer today. greater emphasis on professional identity, for example. there are no clear plans to offer that is a product, we a