this vision that your circular to the f.c.c. is statute would allow it to take all of the actions that i've just described the problem is they're under enormous political pressure there is no upside to taking on the incumbents at this point because the budget guys the appropriators on the hill. could be stirred up by the incumbents if they're if the f.c.c. tries to do anything serious and the budget for the agency could be gutted so the political pressure to which the f.c.c. is subject is really extraordinary what's this and the solution is leadership it took f.d.r. it out it took the president to take on the electrical private companies in the twenty's and thirty's today it would take president obama putting this on the top of the list you know next to immigration gun control everything else he's got to do with the economy has to be the legacy of creating an infrastructure for the country that will sustain us for the long term it would be a very substantial step for him to take he needs to do it if this is going to happen well

it'll be extremely valuable the f.c.c. desperately needs more bandwidth to free up in order to promote mobile communications so. in the end the affiliates may actually be winners from this or they can also you know they can also make deals with new networks there's no natural law saying that n.b.c. affiliate has to be a big deal. and can you explain to us because another part of the i think it was your article actually said that aero and dish the dish hopper could actually end up being the one two punch can you explain that a little bit. salutes the dish from perth so if aereo hits the networks from this side of their. affiliates these basically their subscription revenues what hopper does is it gives users a really easy way to skip commercials much easier than anything that's existed before now so that causes the advertisers very much the same way why are we paying you if most of your questions are being skipped those advertising inscription those are the two pillars of the net of you know the network business model sure

up wall street which is all a big disgusting hoax i knew america because before her new job at the f.c.c. mary-jo was a partner at the wall street defense firm deborah voigt and clinton she was defending. wall street against the as easy and now she is going from there right to the head of the as these see she was a key figure in one of the most notorious scandals of the as easy when someone is as the c. tried to investigate morgan stanley future c.e.o. john mack the as he guy was fired for trying to do that. you don't want to mess with mary jo all right another kind of hers at the firm was the lawyer and two whose china affiliate is being sued by the f.c.c. for refusing to comply with the subpoena she was also representing j.p. morgan chase and u.b.s. ag both of which have reached multiple settlements was as easy over their fraudulent activities oh and she also gets forty two thousand five hundred dollars a month forty two thousand dollars a month in retirement plan money for the night from her old firm which continues to represent shady bankers so she has a direct interest in the firm d

well i think the real question of the day is involved markets have a bank so the f.c.c. has a new are actually a dodge frank implemented a three year ban on commercial firms from owning and duster alone companies this expires in july we know that wal-mart has looked after a charter for a bank for several years they dropped that in two thousand and seven and some speculate they might still want to charter i don't know do you think wal-mart should be allowed to start a bank well that's an interesting point because wal-mart is already in the banking industry and in mexico and canada in the u.k. and they're already in the bank and the banking industry to an extent in terms of cash trucking and bill payment in the u.s. and they would love to get into the business of providing loans because that gives them protection it does not give them access to the discount window but that's another story well some people believe that. commerce however this dodge for a moratorium only applies to firms that have less than fifteen percent of their assets tied to financial activities so you c

you have f.c.c.en you've got the stfc and then the sftc said an ad such as a prescription drug, you have to make full disclosure within the confines of little twitter. we have contradicty rules, don't we? >> that's always the problem of government. there are inconsistencies with each of the agencies and one of the things i would hope to do based on my experience at the f.c.c. and working with government is that they create more unity on how they work with one another and that's just one of the many inconsistencies that are current in the mafshth marketplace. dennis: let us pray. thank you for being with us. we appreciate it. cheryl: so it's being called a recovery in housing. house numbers posted the highest rise in almost seven years. wait until you see the profit books by investing in real estate overseas. that's ahead. dennis: and president obama insists sequester budget cuts are hurting the economy. we're live at the white house with the latest. first as we do every day at this time, let's take a

hundred to rise and are actually required by law to have the ability to monitor and track you yup the f.c.c. nine one one initiative requires that carriers have the capability to track our location within one hundred meters at all times but that's not all do you really think that an i phone whose battery you can remove is really all about us that x. plus there's face or facial recognition for your cell phone camera and determined to hit a mine of how and when you can use your mobile device all been stored in massive data centers easily accessible by a third party why well because it's a matter of national security but is that really the case no consumers were simply the pawns in a system run by corporations under a government that those little more than serve their corporate masters no one ever the whole thing about you is a pretty useful tool for the corporatocracy to have surveillance and data mining is about tapping into and manipulating our subconscious keeping consumers hungry for the latest and greatest but it's not just about pleasing the corporations it's also about societal control

what we saw in the dow jones is now that they are monitoring social media about three weeks ago the f.c.c. ruled that public companies could put information about investments on social media and this is the most recent development of that so it brought us down a little bit further because i mean i for people who don't really understand what algorithms are i mean when something reacts so quickly and takes a plummet and those but i mean we're talking about things are. literally automated . and that's why i've been so fast as light in during this market we saw this week it happened within less than ten minutes the dow jones crashed and it . honestly could respond that found right so what you're saying is robots are taking over the planet. no it's scary because i think what's going to happen when something does happen and the stock market does poem and that is a really interesting question guys but while we're on the subject of fan the internet i want to ask you about merck. a lot of opponents and on both sides point what is bill and. commerce right is the online sales tax and what it's acqui

there were five of us in the news department every station had its own news department because the f.c.c. rules the the fairness dr were acquired us to actually provide news i mean it was a requirement in order to get our licenses renewed every day every year to the best of my knowledge of the five six seven radio stations in lansing michigan now you know where i grew up none of them have news departments maybe one of them does obviously there are still some in boston the do it's a much larger media market but what does this say for the smaller media markets in america where there are no local news reporters. there is slowly finding out how to do they're trying to find out how to make hyper local work if you go to the there's a lot of sites out there the pew aside for the pew press foundation and american journalism review and the columbia review of journalism lot of sides of the talk all the time about the future of journalism and the thoughtfully. the way they talk about it and one of the big thing that people are trying to figure out is how to make hyper local work as a business model

actions can serve a defining purpose sure it's easy to skip a newspaper headline about occupy the f.c.c. for example although it's comprised of a group of concerned citizens who are working through the legal system toward more transparency from wall street and lobbyists or what about the rolling jubilee plan to buy debt for pennies on the dollar but instead of collecting it dissolving it altogether freeing the young people of this country from student loan debt the same can be said about the recent ships and social thought with the last with last year's elections ending the drug war the legalization of same sex marriage we may not all agree with these issues but change is underway these are all signs of an evolution of ideas in a revolution of our values the important thing to remember is that change and progress and revolution it starts with in every one of us and that means giving a damn. otherwise become just like rip van winkle digging your head out of the sand after twenty years and waking up to find yourself on the wrong side of history i today scores of palestinian youths clash w

developing countries you know from what i understand we we used to have the stocks you need to to from the f.c.c. and other regulatory agencies and we. went well beyond finding those people and we just kind of got rid of the tax and we haven't ever since and since then we've seen kind of this rise of bad behavior on wall street so as we're moving forward to try and implement something like this the opposition i mean obviously it's coming from wall street but. just how severe is it how do we push back against the well of course there's opposition from wall street and again any time that there is a threat of taking the power of wall street investment firms corporations away they push back but we should also say that there are professionals in the financial sector who are for a financial transactions tax because the work that does to stabilize the economy and in fact there were fifty financial sector professionals who sent a letter to you and g. twenty leaders saying we want to financial transactions tax we want to as we want the kinds of regulation that make our economy more stable that make our j

what we saw in the dow jones is now that they are monitoring social media about three weeks ago the f.c.c. ruled that public companies could put information about investments on social media and this is the most recent development of that so break this down a little bit further because i mean i for people who don't really understand what algorithms are i mean when something reacts so quickly and takes a plummet and then goes back up i mean we're talking about actually these things are being automated i mean things are literally being automated on the stock market so it's not not humans computers have taken over and that's why it happened so fast that's why during this market crash we saw this week it happened within less than ten minutes the dow jones crashed and it came back up you know in something electronically to respond that i found so what you're saying is robot are taking over the planet. no it's scary because i can't help but think what's going to happen when something real does happen and. stock market does poem and that is a interesting question to ask but while we're on the su

what we saw in the dow jones is now that they are monitoring social media about three weeks ago the f.c.c. ruled that public companies could put information about investments on social media and this is the most recent development of that so break this down a little bit further because i mean i for people who don't really understand what algorithms are i mean when something reacts so quickly and takes a plummet and then goes back up i mean we're talking about actually these things are being automated i mean things are literally being automated on the stock market so it's not it's not humans computers of taken over here and that's why it happened so fast during this market crash we saw this week it happened within less than ten minutes the dow jones crashed and it came back up in the us something electronically to respond that found right so what you're saying is robots are taking over the planet. you know it's scary because i can't help but think what's going to happen when something real does happen and the stock market does poem and that is a really interesting question to ask but while

is like our f.c.c. and fell swoop they've basically cut the legs out under these all of these networks the biggest you know the outsider being of course biggest outsider being al jazeera and some local patients as well and have a license you can operate so they cannot really move around the country move around the country reporting. even even even responding sources and that's you know and so when you cut that feed off then you cut off the internet as well because those stories cross platform so they're going in the water basically and so when we say that they're cutting and taking away these licensing privileges to help me and the p.r. to understand exactly what that means it means that they will not be able to report in the country but the the airwaves they cannot block them right because they're coming from internationally right well yeah i mean they they can't basically they can't operate i mean that they can't they can't not only can they not go out with they could probably talk to sources maybe in

i think the f.c.c. and and u.s. agencies still raise a stroke trying to figure out who really made a loss. and how significant it was but in terms of if it's going to be incentive to promote and bring about a new security measures within wall street and with the news media and social media i think most definite i think twitter's going to have to look at securing cations system for. authorized accounts from news agencies such as the a.p. reuters and bloomberg and cetera. and a sign now to check out the markets on wall street stocks were poised for a third day of gains but they ended up shedding some value on unexpectedly weak report on orders for durable goods even some very ugly earnings from companies including boeing and apple failed to change the sentiment so far at least the trade is still in full swing now europe saw the fourth straight day of gains for its equities and that says the markets widely expect the c.b. to further cut the interest rates to actually record low especially as germany reports on and on e

is like our f.c.c. and in one fell swoop they've basically cut the legs out under these all of these networks the biggest you know the outsider being of course biggest outsider being al jazeera and some local stations as well if you don't have a license you can operate so they cannot really move around the country move around the country reporting. even even even are exploring sources and that you know and so when you cut that feed off that you cut off the internet as well because those stories cross platform so they're dead in the water basically and so when we say that they're cutting and taking away these licensing privileges to help me and the p.r. to understand exactly what that means it means that they will not be able to report on the country but those are the airwaves they cannot block them right because they're coming from internationally right well yeah i mean they can't basically they can't operate i mean they can't they can't not only can they not go out with they could probably talk to sour

think of the f.c.c. eastern commissions. because of the lack of accountability on the spending side and because of the lack of the accountability on the leadership, i did sign a letter. it was signed by 44 of the 47 republicans of the time. now there is a new letter. i did not sign it for two reasons. one, i believe that we need to have a head of the protection agency who is confirmed. i do think we will not be able to repeal it. we need someone there that has ability to be confirmed and help make these regulations be more pro-consumer. i believe i can be a help to encourage some of these reforms that are needed by working directly with richard cordray and with the administration. i wrote a letter outlining a good compromise. i continue to work on the issue because i think there is a way to get there. it will require some republicans who signed the letter this last time to change their view. but we are running short on time. james had a question. >> hi, james. >> hi there. since a lot of the big corporate tax breaks benefit