the f.c.c. regulations were designed to prevent exactly that certain websites being blocked some of them being sped up you having to pay more to get to certain sites like our t.v. is suddenly more expensive to reach than c.n.n. or m s n b c or fox news court struck those down and we don't think it's dead for good sound a lot like you to bring something back to life right the f.c.c. has a chance to chance to fix this but it going to be politically difficult and we are trying to do anything we can to get them to do that you know clearly i as pieces have a lot to gain with this recent ruling how much they have to influence the ruling they have spent a ton of time and money both on capitol hill and in these legal challenges and at the f.c.c. as well seeking less and less rules fewer and fewer protections for internet users so they say trust us we won't actually do that stuff we won't block anybody we won't really try to speed anybody up but they're starting to try to find ways to get more money out

i don't know if f.c.c. commissioners were included in the people that harry reid got you know after he did is the nuclear option thing but the f.c.c. does have a democratic majority on it does do they not i mean are there they're pretty much yeah and sing to the tune of the administration or are they dancing to the tune of hey when i leave the seagate verizon is going to pay a million dollars here as a lobbyist. well i mean when you pointed to a serious problem at the f.c.c. that a lot of that a lot of the commissioners who were put in place to regulate the industry end up taking jobs within the industry so therefore there is a temptation for them to side with industry of these decisions like this we don't really know at the at the moment you're right that there is a majority of democratic commissioners that sit at the f.c.c. right now there is a new chairman there tom wheeler who has in some instances instances suggested that he will protect net neutrality and he has made some statements to that effect tod

net larry seltzer a tech writer writes the f.c.c. acted illegally when they impose anti discrimination rules on broadband internet service providers and doing so they've struck down the open internet rules which were attempt to solve a problem that doesn't exist a rampant discrimination by as peace against various forms of content how do you respond to that claim that content discrimination is never a problem you just mention that they promise that it won't be in the future but has it ever been well sure it has been and it's they're trying to turn up the temperature ever so slightly and slowly boil the frog you know they've tried to be on their best behavior in some ways and not do the most flagrant things like blocking websites although that has happened across the border in canada a big guy is being blocked at the union's website when it didn't like the fact that they were striking in this country we've seen eighteen t. in their block or make you pay more to use something like a video chat application like apple's face time just be

if the f.c.c. were to read as stablished the ground rules and say that i as fees are common carriers that everything would be very different that we'd be back in the right yeah exactly it was it was it was bush era f.c.c. that they took away the common carrier protections they reclassified broadband access under fairly long term what's called what's called title one of the of the communications act but but in a subsequent supreme court decision the supreme court said the f.c.c. has the power to decide how to classify broadband access it could be under title one or could be under title two no title two as you mentioned is much more like a common carrier arrangement it's akin to telephone service like if you pick up your telephone and you want to order a pizza from the corner pizza shop your telephone company doesn't redirect you to domino's it is a common carrier it has to connect that call to where you want to go in two thousand and five the bush era f.c.c. changed that rule and said that they that

and so i guess we think the f.c.c. should do this and basically clean up its own mistake here and clean up its own mess there might be fights on capitol hill where we'll have to activate people to call their members of congress there might be fights on the court a lot different things to all sort of still breaking as this is just came down yesterday but definitely got free press dot net and lots of other great sites where you can tell the f.c.c. clean this up and make sure that we're protected when we get onto the internet and we're not just at the mercy of some corporation and we have about thirty seconds left but what can we expect right now i mean are we going to see them kind of taking charge of this and really seizing the power or what has to happen next i think they want to keep their options open for now it's a new chairman mr wheeler who is a distinguished career in the industry and now he's in the public service and we hope they'll do the right thing we have some indications that he will but there's a lot of d

bush the f.c.c. classified broadband internet access companies provided by companies like verizon as an information service this is something that colin powell did when he ran the f.c.c. he's now the chairman by the way of the telecommunications lobby industry got very rich because of this in two thousand and five the supreme court upheld michael palls decision to make that and the and the f.c.c. is power when he was the head of it to make that classification and in two thousand and ten when the f.c.c. issued an open internet order to protect net neutrality they neglected to define internet service providers like horizon as common carriers and that was a huge mistake in the d.c. circuit court struck down net neutrality on tuesday it said that because the f.c.c. defines companies like verizon as information services net iraq net neutrality something that's mandated for common carriers was unnecessary. the stakes couldn't be higher bottom line modern life and our modern economy depend increasingly on t

that deal was finalized by the f.c.c. for $21 pn 6. and we have deutsch telekom. and they wants an all-cash over for t-mobile. and they're in the process of try to pay them in cash. they're looking to secure $20 billion in financing from the likes of goldman sachs, mezuho that's according to people familiar with the matter. the question is why are they looking to merge? what can they get out of this deal? it's a very competitive landscape in the united states. t-mobile has done well. they've been acquiring more and more customers. they have an edgy proposition compared to other services available. but the real big goal is to go against the two heavyweights in he u.s., at&t and verizon. there are unresolved issues they have to consider. for example what do they want?

communications commission to help run its leveraged buyout division genic house he was chairman of the f.c.c. until may but now will serve carlyle as managing director and partner focusing on investments in technology media and telecommunications genachowski is an advocate of and free and open internet and wall at the f c c he supported rules against discrimination by internet service providers over what content they carry. well there you have it will be checking these stories and keeping you posted on all the latest. now back during the housing bubble very very few people predicted the financial crisis however it mr warner mosely or did and he was capable of making this prediction by using the economic theory known as an empty or modern monetary theory

and the f.c.c., we fund them at lean, mean level. we ask them to do more with less. we ask them to provide smart regulation, not job-killing, excessive regulation. at the end of the day, there's been a lot of hard work, a lot of negotiation but mostly a great deal of cooperation. i urge my colleagues to support this bill. i yield back my time. the speaker pro tempore: the gentleman from kentucky reserves. the gentlewoman from new york is recognized. mrs. lowey: madam speaker, i'm delighted to yield two minutes to the distinguished gentleman from pennsylvania, mr. fattah, the ranking member of the commerce, justice and science subcommittee. the speaker pro tempore: the gentleman from pennsylvania is recognized for two minutes. mr. fattah: i want to thank the committee, the staff and my fellow members of the appropriations subcommittee. this helps move our nation forward, and i rise in support of the bill. i want to also thank my great

case as in other cases is absolute immunity absolute immunity which is the same privilege that the f.c.c. and other get government agencies receive i maintain though that absolute immunity without total transparency is nothing more than a license to steal that actually leaves well into my next question now you paint a picture of wall street as wall street relying heavily very heavily on self regulation can you explain this type of self-regulating feature to our viewers. i mean first off i think the overwhelming percentage of people in our nation and elsewhere do not appreciate that wall street is to a very large extent a self regulated industry and the conflicts of interest that go along with that i mean to think that goldman sachs j.p. morgan every other not only major bank but also medium sized and smaller broker dealer can fund a regulator so that that regulator that being federal will in turn aggressively regulate the industry is is a stretch and in looking at the evidence you know the amount of fines that imposes

none of the executives were prosecuted by the f.c.c. your department of justice ernst and young was sued ernst and young the auditor was sued and recently settled of private lawsuit for ninety nine million dollars the suit that the new york attorney general brought against ernst and young for fraud is still pending although we haven't heard anything in a long time. now what about m.f. global that was the company led by former senator and governor john corazon governor of new jersey former governor he was once the c.e.o. of goldman sachs as well now it collapsed in a heap in two thousand and twelve or was anyone charged with fraud there funny you should mention that that's a chicago firm that rose from the ashes of rap cohen other bankruptcy that was my tried and no one has really been prosecuted for that either although there have been some charges laid by the c.f. to see the consumer financial protect the commodities.

to kids but it's just made industry chief lobbyist thomas wheeler head of the regulate itself the f.c.c. form of ministration official calls it another astonishing conflict of interest so doctors who want parents the least informed of cell phone dangers to their kids say they aren't holding their breath seek truth from facts this is the truth they go. out of your cultural phenomena like. i dislike you. it was. a pleasure to have you with us here. since what you argue for is that courage should put that ethnic identity and that national identity let me ask you a personal question i you it's a current forest or an iraq it first occurred first then i mean rocky i am not iraq . because let me ask you that question from. you know i still remember the smell of the chemical weapons so what iraqi identity brought to me. brought to me the killing soft people. four thousand five hundred villages were destroyed. we speak your language. school music programs documentaries and spanish more matters to you. a little. kiddies stories. you hear. the spanish. visit. wealthy british style. to. find out wh

to kids but it's just made industry chief lobbyist thomas wheeler head of the regulates itself the f.c.c. form of ministration official calls it another astonishing conflict of interest so doctors who want terence the least informed of cell phone dangers to their kids say they aren't holding their breath seek truth from facts this is the truth. if you. know opportunity. to start to construct your own. kid on. gives don't want to meet gangsters in a lot of. drug dealers they don't want to blow with all the time that a kid came to be we can see. you just made zero zero zero zero zero zero zero zero probably the hood a.k.o. somebody with thirty round clips. said. i don't want to die. i want to die young young a. drama trying to be ignored. to the. stories of others who refused to notice. food since changing the world. on food picture of today's leaves. from around the globe. dropped. to fifty. that identity that national identity let me ask. you a current forest or an iraq. because question. i still remember the smell of the chemical weapons. the iraqi identity brought. to me the killing so

circuit court of appeals struck down the f.c.c. open internet order the legal framework that was supposed to protect net neutrality and while many tragedies sounds complicated it's really not basically the idea behind it is that big internet service providers are going to bring it into your house comcast arisan eighty should all should have a treat all websites and all internet users the same and should not be allowed to promote some for its forms of content over others for example the net neutrality rules in place comcast wouldn't be able to slow down your access or charge more for you to access for example yes p.n. dot com just because they wanted comcast wanted to use to use a sports news website that they have an owner operator but thanks to the d.c. circuit court's ruling internet service providers like comcast are well on their way to being able to discriminate between websites and make the owners of competitor websites pay more money to run their websites at higher speeds for reaching american consumers so what will the end

to kids but it's just made industry chief lobbyist thomas wheeler head of the regulator itself the f.c.c. form of ministration official calls it another astonishing conflict of interest so doctors who want parents the least informed of cell phone dangers to their kids say they aren't holding their breath seek truth from facts this is the truth. i think that the fact that these weapons can fly semi autonomous lead for seven thousand miles to you know the locations where unfortunately my mil. terry and the cia are attacking people in countries with which we are not at war to me is simply horrifying and as many you know already argue it's a violation of international law for its assassination i do not support assassination by my government period. peace be to language. programs and documentaries in arabic it's all here on. reporting from the will talks about six of the interviews intriguing story to tell you. he's been trying. to. visit. what they're trying to do now is still another myth to us which is that one group of slightly less radical fundamentalists are now attacking. and taking ca

to kids but it's just made industry chief lobbyist thomas wheeler head of the regulates itself the f.c.c. form of ministration official calls it another astonishing conflict of interest so the doctors who want terence the least informed of cell phone dangers to their kids say they are holding their breath seek truth from facts this is the truth. censor what you are arguing for is that current should put that identity a body that national identity let me ask you a personal question i have a current first or an iraq a first time a car first then i am here. i am not iraqi that i am a cards because let me ask you that question i am from holland i have been bombarded you know i still remember the smell of the chemical weapons so what iraqi identity brought to me iraq and into brought to me the killing soft people grace four thousand five hundred villages were destroyed. wealthy british style. time to. go. to. market why not. come to. find out what's really happening to the global economy with mike's culture for a no holds barred look at the global financial headlines tune in to the report on

to kids but it's just made industry chief lobbyist thomas wheeler head of the regulate itself the f.c.c. form of ministration official calls it another astonishing conflict of interest so doctors who want parents the least informed of cell phone dangers to their kids say they are holding their breath seek truth from facts this is the truth. millions around the globe struggle with hunger each. what if someone offers a life time food supply no charge they carry. they can their very strong position against g.m.o. and we think that. the genetic anymore the free products are priest through. there is no. evidence that there is any problem with genetic engineering when you make a deal. or is free cheese always in the most trap. three . is profit. for this golden rice. dramas the chance to be ignored. two. stories others refuse to notice. the faces changing the world writes never. on full picture of today's leaves no room to run from roads to close. to. fifty choose your language. with no if. someone. chooses to use the concerns you. choose the opinions that immigrate to. choose the stories cou

to kids but it's just made industry chief lobbyist thomas wheeler head of the regulate itself the f.c.c. form of ministration official calls it another astonishing conflict of interest so the doctors who want terence the least informed of cell phone dangers to their kids say they aren't holding their breath seek truth from facts this is the truth. what they're trying to do now is sell another myth to us which is that one group of slightly less radical fundamentalists are now attacking the us. yes and taking care of them who is the major supporter of these groups i mean they have to get money and arms and training from somewhere and the country that's been named so far in this program is saudi arabia what is their role in all this i think it's a. misinterpretation of reality i don't see five the fact that saudi arabia for its own reasons with america bickering but we always in this. position because this would be already a government is preferring to try to. take care of the future of. those who. have it it's quite clear. there's a media lead also we lead that maybe. by the same motions

it is a topic that should join the mmtc and the f.c.c. in common cause. now let me quickly touch on a couple of other topics. the lifeline program is an important component of everyone's right to access our communications networks. the program has been abused. the outrage of that abuse is being addressed. but it doesn't change the underlying purpose. we are conducting broadband lifeline trials right now and we'll base policy decisions on those findings. but broadband is the future and access to broadband is important to everyone. different topic. the internet protocol transition. as we move from analog to all internet protocol networks, the capabilities of networks to serve people expands. it is the opportunity that is created. but in this internet protocol transition, we need to make sure that those opportunities continue -- are preserved and continue to expand. for 100 years there has developed a values relationship, a set of values that determine the relationship between those who use networks and those who build and operate networks. those values do n

their history and ultimately at the behest of individuals like hank paulson they presided over the f.c.c. to allow the self-regulatory entities the n.a.s.d. and the regulatory arm of the new york stock exchange to merge that merger occurred in two thousand and seven and that's and that's what formed finra ok. the volcker rule we do we just have about a minute left here are your thoughts on the volcker rule the vocal rule in my opinion at the margins is ok but i honestly think that it actually serves the did as a distraction or just another hurdle to the biggest issue in what is that the too big to fail model under which wall street currently operates to think that the volcker will impact or end too big to fail is ridiculous yeah i want a lot of too big to fail goes back to eighty two and reagan stopped in force in the sherman act and we saw this explosion of mergers and acquisitions and there's been nobody has rolled that back yet is that is that we have what we have as a result is wall street right now is nothing more than an oligopoly and an oligopoly is not exactly healthy for an econ

while the f.c.c. decides whether to appeal, amazon and others are watching to see if the broadband networks impose their own rules, favoring some content companies over others. for its part, verizon issued a statement yesterday that said, in part: verizon has been and remains committed to the open internet. this will not change in light of the court's decision. the ruling does not apply to wireless services accessed through mobile devices, a growing share of the market. >> sreenivasan: we have two views on this. from washington i'm joined by craig aaron, president and c.e.o. of free press, a non- partisan media reform group. and robert mcdowell, a senior fellow at the hudson institute. he served as a commissioner on the federal communications commission from 2006 to 2013. craig aaron i want to start with you. you've callinged this a dangerous development for the free internet as we know it, why? >> well, i really think this court decision puts at risk so much of what we love about the internet with. t

it is a topic that should join the f.c.c. in common cause. now let me quickly touch on a couple of other topics. the lifeline program is an important component of everyone's right to access our communications networks. the program has been abused. the outrage of that abuse is being addressed. but it doesn't change the underlying purpose. we are conducting broad band lifeline trials right now and we'll base policy decisions on those findings. but broadband is the future and access to broadband is important to everyone. different topic. the internet protocol transition. as we move from analog to all internet protocol networks, the capabilities of networks to erybody is -- serve people expands. it is the opportunity that is created. but in this internet protocol transition, we need to make sure that those opportunities continue -- are preserved and tonight expand. for 100 years there has developed a values relationship, a set of values that determine the relationship between those who use networks and those who build and operate networks. those

mobile phone operators horizon against the federal communications commission the company challenge the f.c.c. is ban on providing extra bandwidth to certain websites giving them an edge in reaching consumers civil advocacy campaign or total boil says this preferential treatment for major commercial sites jeopardizes the future of the web. i think the biggest implication potentially is for content providers and for innovation we know that the innovations flourished online because the small players have equal access to consumers as of this ruling a big company like rising could strike a deal with a video service and make a partner deal with them so that their content would always be delivered more quickly and makes it difficult for the next startup to get started if the decisions left unchallenged then there's nothing really stopping from that service provider from blocking access to specific content and if you block access to the most important online social organizing tools it may impact what they're able even to say. and how they can connect to communicate so absolutely there are starkly fr

understood to be flawed and what the court did was point out the flaws there are regulatory ways that the f.c.c. could. make network neutrality more official but it chose not to and we'll see where they go well appointed all the bad bits of it to this but as i was saying it could be it's it's not now in the the carriers are. loudly saying they have no intention of doing all the bad things that some people are predicting. my guess is that they will do what's in their financial interest yeah what's the rush story why is it really big do you think. well i think that i think that the industry the telecom industry combined with its allies in hollywood and big media would very much like to. make the internet essentially an enhanced form of cable television and that would be where they pick winners they pick losers they decide what's on and we what we get to see to some large degree and that would be in their interest to do and i hope that they don't get away with us going to say there's going to be huge fuss over this federal ruling going to be challenged. it will certainly i would expect that it wil

street have been pressing congress to curb the growing power of financial regulatory bodies like the f.c.c. now the spending bill has assigned forty four million dollars to an economic review of its rulemaking process and also includes cuts to become on of the futures trading commission now in response to dennis keller c.e.o. of better markets which is a nonprofit organization that promotes public interest in the financial markets said quote the only reason to not fully fund the c f t c m e s e c is to protect wall street profits bonuses and reckless trading this rewards wall street lobbyist one danger in american families. now in other news home prices have been rising for months and with the federal government providing massive support to help boost the morgue. market you'd think that the system would be getting back to normal but that just isn't the case now even as the housing market improves new home loans are still rare in the fourth quarter the nation's biggest mortgage lender wells fargo extended fifty billion dollars in mortgages down sixty percent from last year now banks hit by

street have been pressing congress to curb the growing power of financial regulatory bodies like the f.c.c. now the spending bill has assigned forty four million dollars to an economic review of its rule making process and also includes cuts to become on of the futures trading commission now in response to dennis keller c.e.o. of better markets which is a nonprofit organization that promotes public interest in the financial markets said quote the only reason to not fully fund the c f t c b s e c is to protect wall street profits bonuses and reckless trading this rewards wall street lobbyist one danger in american families. now in other news the home prices have been rising for months and with the federal government providing massive support to help boost the morgue. market you'd think that the system would be getting back to normal but that just isn't the case now even as the housing market improves new home loans are still rare in the fourth quarter the nation's biggest mortgage lender wells fargo extended fifty billion dollars in mortgages down sixty percent from last year now banks hit

noses who you like the f.c.c. are addicted to porn well a few things here first of all the brits say boy instead of booie for some reason second of all this is that hand job for fraud the market of fraud is so packed with fraudsters all the exchanges all the markets so this fannie and freddie being front run that's one fraud on top of all these other fronts because of course the mortgage rates are set by libel rates which are being raised here in london and that is the fix to setting interest rate swap rates which is also being rigged here in london so they're really have to regress to get to market manipulation is jam packed with. right banking fraud you know a lot of people say if it's so obvious is so clear why aren't more people doing it or why aren't why my not doing it you know i of course did that for many years as i've said on the show but i think there are still people out there because remember when you engage in a fannie mae freddie mac's front running scheme and you do this kind of engage in this type

overstock dot com his company had to fight off an attack by naked short sellers he went to battle with the f.c.c. and what's called reg show and we've been following this for years while i'm on the show soon but you wouldn't have that ability because the way that you can do illegal naked short selling is by saying that somebody sold stock and we don't have the accounting ability to reconcile that trade with our accounting ledger and they do that on purpose because they're crooks but if you use colored coins you cannot do naked short selling so goldman sachs goes out of business j.p. morgan has got a three billion ounces short of solar that would be blown to smithereens they will be able to gauge the wholesale fraud anymore they actually there's another function being deployed right now a company called open transactions and they started working with gold and gold digital gold but here they now turn to bitcoin and open transactions will no company whether it's pay pal or j.p. morgan to goldman sachs for example will be able to go in and change the the number of shares and the amount of money they

tonight i can announce that with the support of the f.c.c. and companies like apple, microsoft, sprint, and verizon, we've got a down payment to start connecting more than 15,000 schools and 20 million students over the next two years without adding a dime o the deficit. we're working to redesign high schools and partner them with colleges and employers for -- with -- to have more real-world education. it will give parents more information and colleges more incentive to give better value so that no middle class kid is priced out of a college education. we're offering millions to cap -- millions to cap their monthly student loan payments to 10% of their income. i want to work with congress to see how we can help more americans who feel trapped by and i'm reaching out to foundations and corporations on a new initiative to help more young men of color to stay on track and reach their full potential. bottom line is, michelle and i want every child to have the same chance this country gave us. we know our opportunity ajeopardy after won't be compl

street have been pressing congress to curb the growing power of financial regulatory bodies like the f.c.c. now the spending bill has assigned forty four million dollars to an economic review of its rulemaking process and also includes cuts to the commodity futures trading commission now in response to dennis keller c.e.o. of better markets which is a nonprofit organization that promotes public interest in the financial markets said quote the only reason to not fully fund the c f t c m e s e c is to protect wall street profits bonuses and reckless trading this rewards wall street lobbyist one danger in american families. now in other news the home prices have been rising for months and with the federal government providing massive support to help boost the morgue. market you'd think that the system would be getting back to normal but that just isn't the case now even as the housing market improves new home loans are still rare in the fourth quarter the nation's biggest mortgage lender wells fargo extended fifty billion dollars in mortgages down sixty percent from last year now banks hit by

communications commission to help run its leveraged buyout division genic house he was chairman of the f.c.c. until may but now will serve carlyle as managing director and partner focusing on investments in technology media and telecommunications joining koski is an advocate of and free and open internet and wall add to the f c c he supported rules against discrimination by internet service providers over what content they carry well there you have it will be tracking these stories and keeping you posted on all the latest. now back during the housing bubble very very few people predicted the financial crisis however mr warner lawyer did and he was capable of making this prediction by using the economic theory known as an empty or modern monetary theory now mosul or is the author of the seven deadly innocent frauds of economic policy great title and i spoke with him earlier about where the u.s. economy is headed today check it out. now warning many analysts are expecting two thousand and fourteen to be a stellar growth here i want to know what are your thoughts for a twenty fourteen well firs