currently director of research at bloomberg government which is -- >> guest: a subsidiary of bloomberg llp, maybe not a competitor of c-span, but we have our own tv station, but that's not all, of course. michael bloomberg started a fabulous career after solomon brothers and built an enormous business around the bloomberg terminal, and now bloomberg is in many, many businesses. one of of which is bloomberg government which was started about two and a half years ago which is an information service for pay that provides economic analysis of the business impact of government decisions. we also have information for clients that want to know a lot about congress and know about executive branch agencies, government contracts and so forth. >> host: robert litan, wherever we have members of congress on this program discussing communications issues, they or we often bring up the 1996 telecom act and whether or not it needs to be updated. >> guest: yeah. well, our book is an implicit endorsement of that proposition. we're arguing for, in effect, a new framework for the fcc and a new statute that, in