we as an industry have to remember that. you know, we worked out a great industry model with the cable distributors and if we work together i think we can continue to grow. but we need to make sure that we put our content on platforms that are sustainably economic. >> if i can jump in. if you think about what we sell on tv, it's a pretty simple idea. and that is that you subscribe to a package of linear networks, subscribing means you know what it costs ahead of time. you paid for it at the beginning of the month. no matter what's there, you have it. and when you sit down to watch tv, you have maximized the choice. it seems a little quaint and old fashioned but there's fundamentally what we have been selling for the last 40 years now. very powerful. i think that the new technology helps us to make it better, but it doesn't change that fundamental idea of choice and a subscripti subscription. so we can have a better user interface. we talked about that a couple of minutes ago. we can allow people to watch programming when they

the challenge is that we as an industry have to come together. and if we do, i think that we'll provide a real value to consumers, but we'll do something that's going to happen anyway. somebody is going to come over the top -- if consumers behaviorally want to be able to see our channels and our shows and our characters when they want to see it, then somebody is going to figure out a way to facilitate that. there its nobody that has a better infrastructure or a better relationship with the subscribers than the cable operators. for us, i think it's important for us to paut side dif -- for us to put aside differences which we have this question of what is the right value, but we got stuck when vod came out a few years ago. the dvr hadn't been deployed and there was a great idea that vod was attractive to both of us. in the end we couldn't figure out how to structure the best content on the vod, so as a result, the dvr became the platform of choice because behaviorally people wanted to see the stuff they wanted to see. vod became a valuable platform

and the goal here is to draw, is to not demonize an industry. as i said, this is an industry that has performed very well -- >> i don't want to spend my time with you answering senator toomey. >> i'm sorry. i apologize. [laughter] >> i understand you want to do that, but that's good for presidential debates. [laughter] let me ask you this, can -- are you going to release the impact of the 2010 changes before you move on to your next set of reforms? i mean, i think some of us would like to know what, in essence, those 2007 changes -- 2010 changes did before you move on to a next set of reforms to get a sense here of the impact. for example, you know, how much have they reduced systemic risks, the 2010 reforms? you know, have they reduced systemic risks, and if so, by how much? >> we could certainly to that. and as the chairman has said, the record will be open for a period after the hearing, we could proview id that in the form of a response on the record. >> okay. let me ask you this. have you done an analysis of

the building was built in 1920's as an industrial building. it underwent renovation in 1984. rrently being proposed to be completely converted to office use. there are no interior or exterior renovations proposed as part of the project. the current building owner has been a good steward of the building. it is in good condition. as part of the project approval, it also includes the mandated maintenance plan to ensure that the building will be kept in good condition into the future. i wanted to mention a couple other things. i wanted to mention that they could create a consistent use plan throughout the building, so the building could better serve the tenants, since they are all the same kind of tenants. and finally, it is an the close -- it is in close vicinity to a number of transit options. if you have any questions, we are here to respond. thank you. president fong: thank you. is there any public comment on this item? commissioner sugaya? commissioner sugaya: yes, a couple of questions for the project sponsor. is the square footage being proposed for conversion currently occ

we have to remember that as an industry. deal we did with apple for a lot cards, did not make sense for us. if you look at the economics, it does not make sense as an industry. when we take our content that we spend a lot of money on, whether it is charlie or apple or the cell phone, we just have to be careful, or the web, there is a lot of power in that content because it is stories that people want to hear and characters people want to spend time with and we have an industry that has to remember that. we worked out a great industry model with cable distributors and if we work together, i think we can continue to grow. we need to make sure we put our content on platforms that are sustainable economic. >> if i can jump in -- if you think about what we sell intv, it is a simple idea. it is that you subscribe to a package of linear networks, subscribing means you know what it costs ahead of time and you pay for it at the beginning of the month and a matter how much you watch, you have it. when you sit down to watch tv, you have

something, just indeed responsive to a live-work loft type situation instead of just squaring it out as an industrial building. commissioner pimentel: director. >> i do think for the reason for the staff's recommendation is because there is an industrial area, there are live work units. however, if the commission is interested in making some sort of compromise, it does seem to me that just while the d.r. requester suggests an angled wall is a bad idea, it is not unusual in that and for the live work units in that neighborhood to have decks that are surrounded by other buildings. it's just not. i have been in many of them myself. they're out door decks that are surrounded by other buildings. in the commission is interested in bringing some more light into that back rear deck, then simply angling the wall of the new addition which is a second floor which is a storage area, it seems to me to not compromise the function of the repair shop because it's a storage area, still gives them the floor area, still allows them to put some storage. the pages aren't numbered, but it's in the d.r. requester's package

we have to remember that as an industry. deals that we did with apple, he didn't make sense for us. it didn't make sense for us at discovery commanded you look at the economics, it doesn't make sense for us as an industry. when we take our content that we spend a lot of money on, whether it is charlie or apple or at the cell phones, we just have to be careful. -- or the web. there is a lot of power in our content, because it destroys the people want to hear and characters that people want to spend time with good we have to remember that. we work worked out a great industry model. if we keep doing that, we can continue to grow. we need to make sure that we put our content on platforms that are sustainably economic. >> if i can jump in, if you think about what we sell on tv, it is a pretty simple idea. that is a that you subscribe to a package of linear networks, subscribing means that you know the cost ahead of time. you pay for it at the beginning of the month. it is their. when you sit down to watch tv, you maximize the cho

we generate about 100,000 jobs as an industry. 18% of the city work force. these jobs pay better, about 22% more on average. many of the health professionals are women. cpmc is an integral part of this important industry. this is a quick overview of our plan to modernize our health care system. we're very excited to embark on this conversation with you. i wanted to leave by highlighting some of the benefits of the building. we will build and double the number of earthquakes eight beds in san francisco. that means we will be here and operational after a major earthquake. we will improve health care without disrupting care for 1/3 of san franciscans on any of the campuses today. we will maintain the regional center of excellence programs in san francisco. we will control rising health care costs by as much as possible and eliminating redundancies. we will commit and simultaneously construct st. luke's hospital and cathedral hill hospital at the same time. st. luke's hospital is planned to be brought up first. we will protect and expand health services for the p

that's why we're so focused on -- as an industry on the importance of the spectrum in our industry. and we think it will -- you know, it's the cornerstone of meeting consumer demand. >> i want to say one thing. i'm constantly in awe of how fast my lte network is, and how deep the coverage is. i don't want to say that in any particular way. if you would have asked me ten years ago would i be able to have broadband speeds faster than what i get in my residential home at that time, you know, on the go, i would have said that's out of a science fiction movie. that a radio network could be that fast. so i'm constantly running speed tests and sharing that with friends and telling people how fast it is. it's really amazing that that's -- i think we sometimes take for granted, you know, that we have this ubiquitous wireless network that operates at incredible speeds. you know, that it's available today. we blink like it's no big deal. and it's like -- for me, it's like we're living in the future. >> just yesterday comcast announced they'll give viewer subscribers to each other's wi-fi hot s

we have to as an industry look at the interfaces and let the consumers use the interfaces they want. so if they like an apple interface, a netflix design, you got to let them use that. don't get hung up on trying to control the interface. you'll still have your subscriber relationship. you can't develop the best world class interfaces at the scale that a distribution company has. silicon valley and the internet industry is a global industry, that's what they do. we should harness that and let those interfaces make the fundamental product right and the fundamental strength of your distribution system get more powerful. but harness them. don't try to hold that back. your consumers won't allow it. >> gentlemen, thank you all very much. ladies and gentlemen, my all-star panel. fascinating discussion. thank you very much. [ applause ] >>> on our road to the white house coverage first lady michelle obama and ann romney wife of republican presidential candidate mitt romney were on the campaign trail this week. tonight at 8:00 eastern c-span 2 will show campaign stops by both. michelle obama

kid she graduated from the stroganoff musky state university of all as an industry in two thousand and five studying graphic design have a passion for as. always been creating images patterns and designs. intelligence humor is the philosophy here with bold popof and subtle colors catchy sketches are designed to create a high rates of reaction think the latest celebrity scandals all social upsets printed on t. shirts is very young and young design issue make something interesting for a young generation for people who want to be actual in form or older persons who like this jokes with politico and who is interesting to play with the words when the same word and the same phrase can then have two or even more meanings. to all it's now and has decided to show as the why they all see in moscow. the popular triumph gallery is located in an historic building in a sense off a couple just two minutes walk from red square the space represents a number of russian artists and through the ever changing exhibitions programme by him to share the best international contemporary art give him credit feel

industry did as well. >> sure. mr. barrett, would you like to comment on that? >> i disagree. the 21st century media company today needs a dual revenue stream. for years the television industry operated with an advertising-only model. the cable industry was launched and helped us get our signal into rural areas, but then built a significant business on the back of the most popular programming available to americans in every community in this country and that was local television. i would say to you that we are using as an industry the retransmission consent fees to invest in our local businesses. it helps support the investment we made in digital technology which i mention multi billions of dollars over the last decade. i think you have seen most local stations m local stations go from producing 20 hours a week of programming to 40 hours a week of programming exclusively in the local news genre. we added multi cast channels on our signals now which are trying to get clearance on satellite and cable. so i would disagree with mr. ergan that money is not being used in a constructive way to advance the business interests of the local television. >> mr. barrett, how would you respond to concerns

certainly, his, as an industrial movement was one that recognized the rights of all workers regardless of their backgrounds. >> i understand you have one of the artifacts copies of "the jungle" upton sinclair. what's the significance? >> upton sinclair was a member of the socialist part himself and he highlighted in "the jungle" the horrible conditions that meat packers worked in in chicago. what really riled up the country was not only the conditions of the workers that were working in the meat packing industry but also the quality of the processed meat that was coming out of the plant. so he was the one that wrote about rats and people's fingers being caught in the processed meat and how horrible that was. so he worked. he and debs were supporters of one another. upton sinclair was able to, like debs, demonstrate the problems with the growing growth of big business. it was upton sinclair's work that led to the creation of the regulation of the food and meat industries, the precursors to the fda. very much of the same mind-set in terms of demonstrating the negative consequences of big

as an industry that creates content or requires the right to content, it is imperative we have the right to negotiate over how our content is distributed. congress should reject any erosion of the bed rock principles of retransmission consent and market exclusivity because they are essential to our uniquely local system of broadcasting. broadcast television is an indispensiblely important part of today and tomorrow's video ecosystem. as evidenced by our recent multi billion dollar investment throughout the digital transition american broadcasters are prepared to play a major role in the advancement of video services as we look down the road. i look forward to answering your questions when the remarks have been concluded. >> thank you, mr. barrett. we appreciate your testimony. our next witness is the chairman at dish network, mr. charlie erigan. thank you for being before the subcommittee. we look forward to your testimony. >> thank you for the opportunity to testify about the future of video. my name is charlie ergan and co-founder and founder of dish network. we serve approximately 14

government had argued it could regulate health care as an industry and, instead, upheld it as a tax allowed by the constitution and because the constitution permits this tax, it is not our role to permit on its judgment or wisdom. that part is upheld. on the other big part of this decision, expanding medicaid. the federal government expanding it and states being able to opt out. they said states should be able to opt out without losing all of their federal funds. that was the carrot and the stick that the federal government held. if they did not participate in this expang, they will not get their federal funds. they will not lose all the funds according to the court. the minority said this law exceeded federal power and that the entire statute, they thought, was inoperative, but the ruling, a 5-4 ruling from the court today. this law will stand with that exception to the medicaid expansion. barbara? >> well, thank you for that report. and we are going to continue, of course, to follow this throughout the day. thanks so much. >>> meanwhile, virginia governor bob mcdonald one of the first pol

industry, but the weakness has been profound. what's behind it? >> it has been kind of an ugly six weeks or so. may was pretty ugly. generally mlps asas down 8% during may. we were down significantly more than that, and it's driven primary by this uncertainty in the global markets, which is impacting commodities and crude oil specifically. a lot of companies have a lot of length in crudes and ngls. but to me it's sort of irrational when you think about it. >> this is what i want to get at. a lot of your business is fee-based. if you had to try to put a relationship, say, between an obsession dental or a sun oil hess versus, say, yes, the sensitivity is not nearly as graets, and yet you trade it as if you're every tick oil down you get hurt. >> yeah. i think that, again, as far as mark west is concerned specifically, we are long ngls and there's not a good understanding, natural gas liquids. there's not a good understand about our hedging program and how we protect the downside with our hedging program. plus the majority of our margins, our operating margin, operating income is fee-based and growing significantly. essentially 85% of

as an industry we saw our way through it. we buy leases now.ll the wells three to five years out, developing them. seven years later is first production. you have to think long term. there is no choice. >> with all the big acquisitions on shore you believe we'll be an exporter of natural gas or we'll use it for more than just utilities. natural gas is saturated in this country now. >> natural gas prices are in a bad way. >> a glut. >> fair enough. you have to believe in long term natural gas as the fuel of choice. >> for surface? not just for power? >> there are lots of options. >> tell me whatter. i'm the only one who thinks it should be used for surface. >> sure. why not vehicles? >> right. >> or trains. >> yes! >> natural gas toward the future is a wonderful thing. it's a bit rough at the moment. what you see us and others doing is diverting cap ex. >> capital expenditures. >> away from dry gas and more towards oil. with chesapeake we have taken some of the rig count down in the northern part of the marcellus and that's moved to the ballkan.

industry, but the weakness has been profound. what do you think is behind it? it has been an ugly six weeks. may was ugly. mlps asstry was down 8% during may. we were down significantly more than that. it's driven primarily by uncertainty in the global markets which is impacting commodities and crude oil specifically. a lot of companies have a lot of length in crude. it's tracking, but to me it's irrational when you think about it. >> this is what i want to get at. a lot of the business is fee-based. some of it you hedge, but if you had to put a relationship between an occidental, sun oil, hess versus, say, you. the sensitively is not nearly as great. you are trading as if every oil tick down you get hurt. >> again, as far as markwest is concerned specifically we are long in gls. there is not a good understanding -- >> natural gas liquids. >> right. there is not an understanding about our hedging program and how we protect the down side. plus our o oting income is fee-based and growing significantly. >> right. >> essentially 85% of all the investments today are for fee-based contracts. though we do a lot to demys

maybe it has nothing to do with facebook and so focused on this as an industry.s where you see the consensus developing because the easiest way to get the confidence back and to restore it is to come out with a clear and fair proposal to say, we made a mistake. it's okay. it could happen to anyone. we'll fix it, act swiftly and then we move on and that restores confidence. that's our job. that's what we're asking for. >> steve liesman does a survey and talks to many investors, market participants, et cetera. 40% of the people he spoke with thinks the market is rigged against them. you have the jpmorgan situation. facebook situation. many other situations that we could cite. how do we get confidence back in these markets? >> it's an unfortunate series of events an enthe way to get it back, in my view, is mistakes are going to happen. people are going to react to them. it's how you stand up in the wake of that and that's really what the industry's asking for in this situation. i think. that's what we should all be asking for because we represent a lot of people we'

and it is dangerous because our whole progress as an industrialized democracy depends on an honest argument about science and the public good. if we are going to have, especially in these fractured media times, a completely polluted argument where the public, even the public trying to act in good faith, we are going to end up damaging our society. >> now this book makes clear that exxon is almost an impenetrable fortress of the company but when you get to climate change i am biased here because i'm a climate junkie, it really seems that this scares them. there's this great, until then there was only one development, one black swan intervention that could shift the curb -- curve of oil demand. a decision by government to limit greenhouse gas emissions by heavily taxing or having the use of carbon-based fuels. is that a fair estimation? that issue because of what it can do to oil is what really kind of has them shaking their boots. get skyping was the combination of how was a rare x. essential -- the reason we were talking about before. they have overcome the previous systematic threats to oi

they planned this place as an industrial age company where people would actually come to work in their and park, go into offices. and now, basically, everybody is either at home or in hotels or god knows where, logging in through their machines. it's not... it's not that ibm let everybody go, right? it's that everybody's just not here. >> yeah, why don't you come over and sit down in the seat so we can see you? i feel like i'm all alone here. >> rushkoff: could you tell us where you all are? where you're coming into this room from, in real space? >> like, where you all really live, i guess is the question. >> so, hi, this is julie, based out of burlington, vermont. >> hi, this is johan. i'm living and googling in germany. >> hi, this is arthur. i'm from san campinas, a city near sao paolo, in brazil. >> rushkoff: i mean, you've all met in real life one point or another, right? >> actually no, none of us have. >> no. >> no. >> rushkoff: but you're... this is your main team, right? >> yeah, actually we meet here every day, so this is how we know each other. >> rushkoff: as more of our re

>> i really think with the facebook ipo as an industry we missed an opportunity.in the market still have confidence that the market is great, things like that. i think some of the newer people, particularly some youker people who are excited about the product, wanted to get in the market for perhaps the first time. we missed an opportunity there because things didn't go as smoothly as i think everybody in the industry would have liked it to go. so from that point of view, in fook itself. i still think there are plenty of people who think it's a good stock and at this level you can certainly make this argument, but as far as investor confidence, again, it was more of an opportunity lost and people saying the market is bad. i think a little bit of it got overplayed. i talked to a lot of retail traders every single day and overall they still believe in what's going on. the problem being the newspapers, magazines haven't given the good stories coverage. it's not sexy to talk about somebody who invested for years and years and then ended up paying for their kids' colle

now, the lapd uses home with industries as an integral part of its anti-gang efforts. not all of them, not 9000 members, but i can tell you this, homeboy industries have their annual benefit to honor people in the community as well as former gang members, the person they honored was chief charlie of the lapd. unless you think that was an anomaly, the year before they honored the sheriff. there is an alliance between community-based organizations, and law-enforcement. this is not enough. there has also been in the streets, ongoing, a relationship, a delicate one, a thoughtful one between the loss angeles police department and gang intervention. interventionists are former gang members. they have to be very careful about how they play out the relationship. they do not want to be snitches. but they want to stop the bleeding. i cannot tell you the complete shock that i have felt as i have sat down with veteran members of the lapd staff, and they talked about the important work of gang intervention. this is not lip service, this is reality. and then i bring up the most impor

you know, agriculture, people don't think of it as an important industry. but mostly people around the world need to eat. and the fact of the matter is we now have a growing number of consumers in developing countries who are demanding higher and higher quality food. as you can see, american agricultural exports are going quite high. we have the largest amount of good, arable land of any country in the world and our ag sector is without question the most advanced in the world. and this drives a lot of employment and food processing. actually, if you look at some of the agriculturally-based states they have very, very strong economies. so i think this is one of the key things that i think the u.s. economy can really perform and stay ahead on in the years to come. remember, there's going to be a lot of people. you take a country like china which has a very large population, does not have the agricultural capacity to feed that population at the level which they are expecting. i think there's an enormous opportunity for us throughout the world. probably the big