capitol hill for quite some time to keep the federal trade commission's jewelry guides from being updated to include lab grown diamonds see for the first time the f.t.c. federal trade commission to find a diamond as a natural mineral consisting essentially of pure. carbon crystallise in the eye so symmetric system but after much consideration and science they recently removed the word natural from the description meaning it is now legal in the united states for a lab made diamonds to be marketed as diamonds but if you don't trust me that lab created diamonds or the future maybe you'll trust did beer who recently who wanted to it's own line of lab created diamonds called lightbox despite the fact that they control over thirty percent of the seven percent of the world's mined diamond industry from mining to sales but i digress so a diamond is a diamond no matter where it comes from whether it's image lab or deep underground and sustainable ethical slavery free diamonds are not only available with cheaper for those of you looking to do the right thing in the name of love this season yes and people should be doing the right thing because why would you wa

federal trade commission. he's our guest this week on the communicators. commissioner phillips, this is the first time in a long time that the f.t.c. has been fully commissioned, isn't it? >> it's the first time in over 100 years. happen?id that the early.c. began in 20th century, 1915. our statute was passed. get fiveime, it had to new commissioners. the way the f.t.c. was designed was to give the commissioners staggered terms of seven years. while multiple commissioners often come in at the same time, again, the scheme is such that you don't have a whole new group time.ple all at one but that's what happened this time. so here we are, over 100 years later. the the first time since founding of the agency that we have five new commissioners coming in at the same time. >> and you just began your seven-year term in may. >> yes, sir. >> what now is the role of the federal trade commission when it comes to internet regulation? >> thanks for the question, peter. the federal trade commission has really important missions. the first is to protect competition. our anti-trust laws. the second is to protect consumers. variety ofa statutes. b

trading so chair borne work with the p.w.g. the president's working group which included secretary of treasury and chairs of the federal reserve securities and exchange commission and herself to see f.t.c. but none of the others were concerned about dark o.t.c. markets after all clinton nomics was about deregulating not regulating but chair borne didn't let up to see if he issued a proposal just a proposal on how the dark o.t.c. markets might be regulated in a thoroughly unusual unprecedented fashion the other members of the p.w.g. trashed it within hours of its release for her troubles president clinton replaced or the new chair had no issues with these dark o.t.c. markets and fast forwarded past two thousand and the us has a new president george w. bush bush forty two and he takes over great really a great economy with budget surplus u.s. g.d.p. fell in the wake of nine eleven but recouped in two thousand and three through two thousand and five which saw three point five percent rate the deregulation of the financial sector continues with laws and various rules and then the housing market starts to go gangbusters and here to talk about what was taking place is kathy the co-founder of