>> guest: a subsidiary of bloomberg lp. that's not all of course. michael bloomberg started a fabulous career after salomon brothers and built an enormous business or in the bloomberg terminal and a bloomberg is in many, many businesses. one of which was started two and half years ago, which is an information service that provides economic analysis of government decisions. we also have information for clients that want to know a lot about congress and contracts and so forth. >> host: robert litan come whenever we have discussions of issues, dare we often bring up a 1996 telecom act and whether it needs to be updated. guess who we are arguing for a new framework and the statute in effect calls for a narrowing of the scope and something that is along the lines we talked about in this program. so if that's the telecommunication sector 2013 or 2014 would be, we'd be happy with that. >> host: d.c. the act of 2013, 2014? >> guest: not yet because lots of partisan controversy over everything. there is growing recognition in these things take time. we broke