are there the wrong incentives in place, presently? >> well, i don't believe the incentives are in place to do that. inside of a university, i don't see people talking about, let's create jobs. with an exception of m.i.t. in boston. m.i.t. is a powerhouse, and there is research they're putting out on mit and the extended network of m.i.t. alums. the engineering and scientific technology that's involved there and the university as a whole. that would be a good model to look at. stanford is obviously another one. m.i.t. has done a very good job, and i think a lot of that is interior culture. they also set up cross-collaboration inside the departments at the university. that's something that should be encouraged. because i spent seven years at stanford. stanford has championed big on that in the last four or five years as well. get your faculty and talk to each other, because not only do they not talk to the enterprises, they don't really talk to each other. so changing the culture inside a university is very difficult to do, but there is

businesses have a powerful incentive to start focusing on the future. think about growth, because when you are facing record margins, it tells you there is an incentive to grow. i think this is an important reason for young people looking for jobs you may notice the business sector has gone from a defensive strategy to a more offensive strategy, and that is the key parts of what is beginning to drive our cycle, and for those of you complaining companies are just sitting on cash and not spending and now, a software belies those claims. a lot of technology, which is why the area is benefiting. initially our focus is on technology and trying to become more efficient. if you look at capital spending, what is telling you is businesses have strong incentives to be thinking about the future and focusing on expansion, and they are actually doing it. there is a third driver in this cycle. people are starting to notice more thaan more. we are coming to the conclusion that americans do not make anything anymore. is all going to china. you can see all kinds of tren

incentive auctions are unpress depted. the u.s. will be the first country in the world to conduct them. it will be a multifaceted task affecting major parts of our economy involving many challenging questions of economics and engineering. fcc staff is analyzing the complex incentive auctions law. it's well over 100 pages. assessing the challenges ahead and developing a plan for emp men tags. incentive auctions are part of our overall agenda to unleash the opportunities of modern communications technology to benefit our economy and all americans. we focused the agent ji on broad band communications wired and wireless. together with my colleagues at the fcc we've made tremendous progress in the past three years taking many steps to unleash investment innovation and job creation. these include freeing spectrum licensed and unlicensed use. and removing barriers to broad band build out. indeed private investment, innovation and job creation are up across the broad band economy. these metrics which are outlined in my written statement ar

i think any type of incentive would be welcome. i don't know what the exact answer would be but it would help us. >> i think you need to go to the legislature, state legislature to get the kind of incentives you want. local municipalities don't have the tools to provide the incentives. there are a lot of things they can do, permit, but they can't reduce the property tax on their owns. you can't reduce benefits unless you have a 2/3 vote of the people in the area. i think you need to go to the legislature. i would be remiss to say we keep thinking 22 years ago. we still haven't repaired the bridge yet. the bridge will be ready hopefully next year. so 22, 23 years later. >> i would just like to say it is extremely difficult to get people engaged in advance to do the things that need to be done and then there's a lot of people, as you mentioned, that will be visits or what not -- visiting or what not that would have no clue. so i think probably as a strategy maybe the next level of the certain nert training is to actually think about

i don't think our company has asked for incentives for exploration. >> sir? >> agreed. >> in my oral comments, i said we did not need but do need access. >> just a yes or no. sir? correct? >> he's correct. >> sir? >> yes, he is. >> just to recap, this is an unpopular piece of policy, economically sensitive and aiding an industry already the most profitable in the world the democrats are against and republicans in congress against and democrats in the past said they're against. but repealing, we can't seem to repeal it. it fails. it fails to pass out of even one chamber of commerce. not just this year, it fails year after year. today, when i was googling around to find articles like this, i kept finding the same headlines from previous years. we go through this almost every single year. i am almost sure i guest hosted for rachel when congress knocked down a bill to eliminate oil subsidies. the mystery is why does this persist, when it's unpopular policy, democrats hate it, republicans have in the past supported getting rid of it, why does it persist. the most

i have every incentive to stay in. >> you don't have any money. are you going to spend your own money? >> if necessary. that's not the point. we are raising some money. >> paul steinhauser is in washington for us. you know, what gingrich needs is a debate. he needs one bad. >> those debates did wonders for him. newt gingrich was left for dead

with the eye to incentive-based approaches, we look to facilitate among private sector on the numberf topics. including dnsscn adoption, supply change risk management and code of conduct and best practices for network operators. we are privileged to have five witnesses that represent the commercial network to help us through the issues you face. networks own and maintain the infrastructure that makes up our communications networks. management of the wires and towers and base stations and servers and wireless hand sets that are integral that puts companies on the front lines of cyber security. i want to know what cyber security services and educate al initiatives that that are aimed at your consumers. what is making up communications networks and what steps network operators have taken to secure the supply chain and prevent cyber attacks? i expect to hear what you think the appropriate role of the federal government is to combat cyber threats. are federal laws helping or hindering information sharing? are there cyber security solutions that your companies have identified that would pr

their incentive is to do it as well. and compete with us. and i would like my customers to say, hey, i was there with at&t because there are investing in putting in projections and our competitors are doing the same -- putting in protections and our competitors are doing the same thing. the market will force our competitors to want to catch up or for me to catch up to somebody else. that is the right balance between all of us. but between government and industry, i think the information sharing should be more free. >> thank you. >> @ metropcs, besides our internal controls, we also have server security partners. firmscurity monitoring form that monitor us 24 hours a day. but there is not a central clearing house for that of permission for the folks there outside of the security companies to easily share information. so if he recognizes a threat or is told about a threat in his network, there is not a central place where he could notify other companies or other carriers even in this industry that this threat is out there and we should respond

the foundation works closely with us to give incentives to our children. they tutor them, they provide incentives. for this, we want to acknowledge and thank them. i'm going to ask the family and community and a director to give you more specifics before i read the award. >> thank you. i'm going to enumerate the items they have helped us with that are not listed on the accommodation. the foundation has contributed to college scholarships and helped with the reduction of truancy by coming to all of our schools and giving monthly parties to perfect attendance. they established the power of five, an incentive to increase volunteerism at the schools. they teach a chinese-language class that malcolm x and this will be their second year they will be providing a teacher appreciation luncheon for all of the teachers at the elementary schools in the sun. they teach environmental science class as well as insisting -- assisting during the summer program. the last two weeks, they helped us put on a chinese perfect attendance celebration in the bayview where 130 studen

and alongside the strong multiyear program in public infrastructure we need to improve the incentives for private investment to modernize the framework of institutions and incentives that help allocate those resources more efficiently. this of course requires fundamental reform of our business tax system. that system as you know today is a complex and unfair mess of subsidies, temporary and permanent with a very high statutory tax rate and huge differences in the effective tax rates across companies in different industries. the president's proposed to reduce the overall rate to a more competitive level by reducing or eliminating the corporate subsidies in the tax code and to strengthen the incentives for creating and building things here in the united states. we want a system in which businesses compete on the quality of the products and the services they provide not on the creativity of their tax engineers or their lobbyists. along with these tax reforms, we need to restore what were the great strengths of the american financial system, the highest standard for consumer and investor

incentives matter and the fod stamps are a negative incentive for families to not go out and provide. am with rich. it is not the time to take on this particular program. listen to the dialogue out of the washington. >> we are in an election year. and you forget about these things happening and the clean up. >> nixon and chine a. only a liberal democrat is going to propose cutting food stamp spending. otherwise they say you will starve the poor. 95 percent of the people at poverty level say they are not hungry and we are doing a fine job. we can look for ways to cut. >> last and first word for dennis. got bad credit. more employers are checking in to the money background of job applicants. first right here, the president's new housing rescue is leaving homeowners out. if he wants to fix it once and for all. pay or share. fair share. hi, i just switched jobs, and i want to roll over my old 401(k) into a fidelity ira. man: okay, no problem. it's easy to get started; i can help you with the paperwork. um...this green line just appeared on my floor. yeah, that's fidelity helping you reach

and that market would dry up without the incentives. you are asking people to spend a lot of money drilling a hole to see whether or not they can produce oil or gas. we want more people doing that, not less. we want them to produce more resource, not fewer. and frankly, i think this president has it backwards. he tells us he wants lower gas prices and goes on a war, attacking and accusing the very people who produce the gasoline and the natural gas he's talking about. they do this regularly. i mean, they have eight agencies trying to figure out how to stop the natural gas companies from using fracking, the technique by which they produce an enormous breakthrough in natural gas, which brought the price of natural gas down from $797 a unit to $205 f. we had the same reduction in gasoline twould be $1.13 a gallon. i am in favor of following the same pattedern with natural gas, where we have increased production and lowered prices as a scwens? >> the question of the sanctions gains the iran's central bank. are these sanctions have any teeth

>> it would be a ten basis point incentive. that is pretty small. that is just the overnight rate. >> so if that's the case, that would run counter then to what your opening statement is as far as incentive and effect on the money market funds and the rest since it's only de minimus amount. >> no. remember, bank loans are typically a year or more. whereas money market funds are mostly under 30-day investments. >> all right. >> and the federal funds market, of course, is an overnight market. >> another question -- i know i only have a minute. you talked about the situation in greece and what should stay there should stay there. one of the concerns about it not staying there is the fact you have an open swap line, not just necessarily with greece but with europe. can you comment briefly as to why we should not be concerned as far as the potential for contagious if things do not stay in greece and if thing dozen not stay in europe that swap line may be negatively impacted as the asset values drop over there? >> well, first of all, the swap plan has ver

if when this was worked on in 2010, it was agreed that there needed to be more work to provide incentives to get to this housing built and when 15 months is passed and if you have before you -- i would submit it does not provide incentives necessary to get much if any housing built. it's mostly related to regulation and restriction of housing against conversion of existing housing and other related matters. the biggest problem is the continual use of the definition of student housing which is controlled by the institutions of higher education. in my discussion with a number of these institutions, they do not wish to own or operate or take the financial risk of controlling student housing. they want the arrangement a bit looser in which the developer and owner takes on the risks of the building and operating the building collects rents from the students and the institution would provide the umbrella under the current law allowing the developer to build housing without the subsidy included for affordable housing. it is my view that you need to loosen up this legislation to accomplish this o

were they given incentives? how did they arrive? a huge number of people we are talking about, right? >> yes. this is one of the most serious aspects of the cyprus problem. even the turkish cypriots themselves, even the so-called authorities in the occupied north are not sure of the exact number of settlers. i would not say that these people were transported here by force. on the contrary, they were given incentives to come with the promise of free cypriot property, the promise of a better future because, even in the occupied part of cyprus, the standard of living is much higher than the average standard of living in turkey, which is a best country with a lot of underdeveloped areas. a lot of people in cyprus, we are not from the middle of high classes of istanbul or others. but people are from places that are very, very poor. and the promise of some property and better live, of course, that was a strong incentive for their arrival here. >> as you survey the situation right now, do you see any hope? are there any positive signals? >

the main thrust of it, try to provide some resources so that you can extend the tax incentives for other types of alternative energy sources, wind energy, for example. various efficiency provisions in the law today which have been allowed to expire, and we think it's important to try to keep those incentives in place so that we can continue to move in that direction, and the reduction in the taxes of the oil industry, the reduction in tax breaks for the oil industry is a way to find revenue to pay for that. >> and those incentives totaling about $11.7 billion extended over the next year. one other point. repeal domestic manufacturing deduction. what is that deduction? >> a deduction put in place maybe ten years ago or so that was intended to encourage, encourage manufacturing in the united states. unfortunately, as congress was writing the bill, its traditional way started adding more and more things to the definition of what is manufacturing. so thatof the ground is manufacturing. under this bill, the way we wrote it, and we're trying to go back and correct that, and say, look, if you'r

couldn't we build in incentives for our workers, too? i heard a famous novelist say once that the best fiction makes us constantly ask, hmmm, what's going to happen next? it seems to me that would be a really exciting question in the non-fiction world of business as well. i'm lou heckler. >> susie: that's "nightly business report" for friday, march 9. we want to remind you this is the time of year your public television station seeks your support. >> tom: support that makes programs like "nightly business report" possible. >> susie: thanks for joining us and don't forget to support your public television station. i'm susie gharib. have a great weekend everyone. you, too, tom >> tom: goodnight, susie. i'm tom hudson. we'll see all of you again next week. "nightly business report" is made possible by: captioning sponsored by wpbt captioned by media access group at wgbh access.wgbh.org test

then i would love to also hear a bit from you about incentive-based security and how we approach that. with that, i yield back. >> thank you. i recognize my friend from california. >> thank you, mr. chairman. welcome to all of the witnesses. thank you for being here today. as the title of today's hearing suggests, communications networks is part of the critical infrastructure from electricity generation to finance at services and transportation. we depend on our communications networks for nearly all aspects of our daily lives. yet, as was highlighted during our first cyber security hearing, our networks remain vulnerable to attack. in particular, there are three areas i would like to hear more about from our witnesses today. first, as we discussed in the last month's hearing, the fcc chairman is proposing a voluntary isp code of conduct as a way to alert consumers when a bot net or malware infection is discovered. today's witnesses will be on the frontline in ensuring such best practices are effectively implemented and obviously i think that you will talk about that. i look forward t

we're trying to line up our leasing process and our incentives to influence those decisions so that we can have prompt development. >> thank you. and director abby, in the present budget we mentioned there is a request for additional onshore fees that will be comparable to the increases that we've provided to besse and director issues and watson is improving his program. can you indicate how you can improve your program with these fees? >> i'd be happy to. it's a -- thank you for the question. it is senator tester alluded to, it's important if we're going to be leasing these parcels of public lands for oil and gas development that we have sufficient inspections to insure that it's being done responsibly. it is our goal to inspect drilling operations that are considered a high risk and those high-risk operations are those with tos

you do need to provide incent e incentives so that people can co invest with labs, universities, private seconder. you have to incentivize seed capital. when we did this survey in the greater cincinnati area, one of the surprises we had was our seed capital was overdeveloped relative to the rest of the u.s. there were lots of little seedlings being grown. if they have the yield rate of most start-ups, we don't have enough early stage capital. have you to find ways to incentivize early stage capital. remember this chart i showed you? this is the work that mackenzie did for us. in terms of the seed investment we concluded that there was not -- we didn't have to do anything to help the seed capital, the state of ohio had a program, i don't see the governor kentucky here. but i saw in the paper over the last week that kentucky is doing more to incentivize angel investors that will invest in seed businesses. we conclude originally we're going to need to put together a fund of funds that's going to be targeted against early stage. what happen when is those yield? you can incentivize businesses

you do need to provide incent e incentives so that people can co invest with labs, universities, private seconder. you have to incentivize seed capital. when we did this survey in the greater cincinnati area, one of the surprises we had was our seed capital was overdeveloped relative to the rest of the u.s. there were lots of little seedlings being grown. if they have the yield rate of most start-ups, we don't have enough early stage capital. have you to find ways to

number one, there's a competitive incentive. if we can be seen as having a more security features or more secure than the next guy, someone chooses us as their isp rather than someone else. customers when they come on board as a customer used to tell us that the two reasons were price and speed. and today, it's price, speed and security. so customers are very aware, increasingly so. not as aware as they need to be, but very aware about security. they ask us about those things when they call us up to order service. we view it as a competitive feature we need to add and that's why all of the things that we're doing is important to us. >> thank you. we now go to chairman dingell for five. >> mr. chairman, thank you. gentlemen, we have much to do and little time so i'm going to try to ask questions, if you'll answer yes or no to. starting off with mr. livingood. gentlemen, you seem to be in agreement that imposing new federal cyber security regulations on industry would stifle innovation and harm industry's ability to protect consum

that is just the reality. >> part of what i'm hearing that incentive to stay, part of the incentive to people in relationships they shouldn't say. >> if there is unhealthy, we shouldn't be in them. people lack the skillset to negotiate that. that what is we need to talk about. the fact is statistics are not there. there are not enough healthy models of two parents that are not together parenting the children co-parenting, it's not happening in the way it should. >> to be clear i'm not against the institution of marriage. i am about respecting all the different unions in which healthy relationships are formed and where marriage may or may not happen, to advocate for a healthy union and to be as emotional healthy. emotional justice. >> i want to focus on numbers, these numbers are black women who don't get married. why are black women not getting maried? >>> there is a number of factors. they lack suitable partners. >> what is a suitable partner? >> say --. >> people in jail, guys? >> right, maybe those suitable partners are incarcerated. they are not as educate as she is, do not have th