. >> the date of a question here is, why is -- yes, sir chairman and julius genachowski talking about is the only way to begin expanding broadband. one of the things you have said in your opening statement yesterday is that we do not need to go through this mechanism in order to improve these other reforms. how would you go about doing those things? >> let me make sure the viewers understand what you are talking about. there's a court decision that came out in april, the day after duke won the national basketball gen been shipped. it said that based on the commission reject the commission could not use what we call title i. that is the ancillary jurisdiction. you can do certain things -- the national basketball championship. it has been a longstanding rule of law by the courts for quite some time. it did not come as any surprise. this was a case involving comcast. i did not think we had the authority to do what we were doing. the commission, the fcc, do not have the authority to issue network management rules, because it could not point to any place in the act as directed by congress

i know julius genachowski had wanted to be here. some of his key staff is. it is gone to take a team effort to move these issues to the top of the nation's economic and technology agenda. larry summers hardly needs an introduction. for the record, he serves as assistant to the president for economic policy and as director of the president's national economic council. previously, he has served as secretary of the treasury under president clinton, as chief economist at the world bank, and as president of harvard university from 2001 till 2006, where he continues as a tenured professor. let me turn this over to you. [applause] >> thank you. i am glad to have this opportunity. the story of the subject that i'm going to talk about is that -- is one that should give inspiration to researchers and academia. this idea started, at least to my knowledge, with work that ronald did in the late 1950's. in the aftermath of his work suggesting that spectrum be auctioned or allocated by the market, two fcc commissioners declared that he was as likely to get his policies ado

i know julius genachowski had wanted to be here. some of his key staff is. it is gone to take a team effort to move these issues to the top of the nation's economic and technology agenda. larry summers hardly needs an introduction. for the record, he serves as assistant to the president for economic policy and as director of the president's national economic council. previously, he has served as secretary of the treasury under president clinton, as chief economist at the world bank, and as president of harvard university from 2001 till 2006, where he continues as a tenured professor. let me turn this over to you. [applause] >> thank you. i am glad to have this opportunity. the story of the subject that i'm going to talk about is that -- is one that should give inspiration to researchersnd academia. this ideatarted, least to my knowledge, with work that ronald did in the late 1950's. in the aftermath of his work suggesting that spectrum be auctioned or allocated by the market, two fcc commissioners declared that he was as likely to get his policies adopted as