mr. schultz and all of our teachers today. [applause] [applause] now, he works hard to make sure that kids are prepared to take the next step and in pursuit of higher education that they need for the careers that they were. many of us have had the same conversation with her kids around the dinner table. you tell them that no matter what they are interested in, the more education they get the more financially secure that they will be in the numbers are stark. the unemployment rate among high school graduates is more than twice that and by the end of this decade two thirds of all jobs will require some kind of college credentials. we made great strides to ensure the quality and affordable college education is an option for every family and over the past five years missouri's public universities have led the nation in holding down tuition increases. we are number one. [applause] [applause] but we are not done yet. we're going to make sure that students graduate from college with the skills to compete for good jobs and not just a

mr. mark schultz, professor of law at southern illinois university. senior scholar at the center for the protection of the intellectual property at george mason university school of law. professor schultz received both his jd with honors and ba at the international economics at george washington university. professor, is that -- [inaudible] >> [inaudible] >> that's a name most folks without any connection with the university know the nickname. was it dog? >> it's an egyptian racing dog, yes, sir. >> all right, thank you. are you awarding me special credit for knowing that? i'll accept it. good to have you with us, mr. schultz. our fourth witness is mr. james love, director of college of international. mr. love earned a master's from harvard university, the ken key school of government and a master's in public affairs from woodrow wilson school of public and international affairs. our fifth witness today is ms. patricia griffin, vice president and present counsel of the american national standards institute. ms. griffin joined in 2004 after 20 years of

mr. schultz? >> not yet. >> mr. love. >> you should pay attention to the wife by broadcast treaties. >> is that a yes or a note? >> michelle you change the law in that area? we don't know what the treaty is yet. >> thank you. >> it has been suggested by mr. malamud. >> absolutely. >> to a98 your testimony you saw where the user goes through trial that a judge would feel the award is disproportionate is inappropriate may be inclined not to make the makings available of their actual feelings about the law. could you elaborate? i have wondered to other questions and what about statutory damages so that jamie thomas does not face a multibillion-dollar judgment and also professor lunney could you expand on in your view of the broken window parable? that which is seen in that which is on scene? and i do want mr. schultz i know we already asked about this but could you expand? >> wendy b. thomas went to trial as has been noted, the award against her was 1.$1 billion. she had the option to settle the plaintiffs offered a se

mr. schultz. mr. love? >> thank you, mr. chairman, for the opportunity to testify. i have been asked to talk about the rights of broadcast organizations, including proposals for a new u.n. treaty that would establish a set of neighboring rights for into d's that distribute information that they do not create and do not own. that's. agency for responsible for the development of copyright policy is the world intellectual property organization. committee onanding copyright rights known as the sccr. sccr has been trying to obtain global consensus on a new broadcast treaty. several member states have called for a diplomatic conference on this treating -- treaty. there are major disagreements among country is. according to the current working document any new proposals table during negotiations in december would- the wifo treaty create a new layer of rights that coexist with copyright, benefiting organizations with broadcast information. severaldcasters, and member states of wifo such as japan and membe

i look forward to hearing from professor schultz and mr. love on this topic. finally, we will hear about an issue that has received less public attention and the other two sets but is one that does go to the heart of how our system and tracks of the government and was the subject of the very first copyright case heard by the supreme court in 1834 so. copyright protection for laws, codes, and standards appears to clash of the fundamental ability of our citizens to know what laws and regulations set been misled by. it is fortunate the number of states seeking to claim copyright protection tsks despite longstanding use of the contrary has sharply declined. however, the issue of copyright protection for codes and standards incorporated within and is more nuanced recognizing that they are developed at some expense by private sector entities combined record territory representative of the american national standards institute an individual who is a greater access to it in operation including videos of congressional hearings like these his longstanding mission. befor

mr. schultz, but if you could expand all little bit. tea nine? >> yes. when j.b. went to trial the award against her was 1.$5 million for her she had the option to settle the plaintiffs offered a settlement she could pay several thousand dollars designed to four musicians charity because she committed perjury in because the trial was so egregious a jury here murderer but what is reasonable man and -- measures? it did make sense in in 1989 to a cap how many works in french because at that point there was not possible to infringe 10,000 works it was physically impossible but with peer to peer is. so congress needs to look at what level of damage is causing deterrence and compensating is somewhat related to the harm. i did not come here with a ready metric but it could be several hundred dollars for each worker implicated or $100 of debt the given lawsuit or another measure within reason not with hundreds of billions of dollars. >> refinement, clarity and in determining how someone could be made whole. professor lunney? >> 1850's explain to win the government creates

mr. schultz had somewhat of a confrontation with a morgan stanley analyst over this idea. he will be taking questions about that and what starbucks plans to do to combat that. and of course, international as well. asia hasn't been running as hot as starbucks was expecting. >> all right. great stuff. thank you so much. want to thank brian kelly as well. catch much more of him on "fast money" coming up at 5:00. much more ahead on today's program. big mosses in the stock market. some pros say wall street needs days like this to stay strong over the long term because corrections are quote/unquote healthy. and later, forget about trash talk in the longer room. wait until you hear why this media ceo is slinging mud at a rival. did he cross the line? you know who he is. you're watching cnbc, first in business worldwide. mine was earned in korea in 1953. afghanistan, in 2009. orbiting the moon in 1971. [ male announcer ] once it's earned, usaa auto insurance is often handed down from generation to generation. because it offers a superior level of protection. and because usaa's com

mr. schultz, what changes to u.s. law would you recommend to address broadcaster concerns about signal theft? and with these changes be to our copyright law or our many occasions law? >> thank you. that's an excellent question. the law as it currently stands serves well, as i testified it serves both the public interest and serves broadcasters well. there are current developments that could change that, notably the aerial case, regulatory proceedings and a number of other court cases. the law works remarkably well. and, indeed, even conceivably joining a new broadcast treaty would not require us to change the law. and thus, the current statutory scheme works well, and i'm not aware -- i don't speak on behalf of broadcasters, i'm not aware of the fact of broadcasters seeking new rights. thank you. >> let me ask you another question. your work on copyright issues, what other issues of concern to you believe are of interest to copyright owners generally? >> thank you. i think indeed the subject of this hearing is an impo

mr. schultz a check for $6. >> that's good. he needs the money. what's the moral of the story? you don't have to blow hundreds of thousands of dollars on lawyer fees. a phone call would have been fantastic. >> there you go. and the phone call, they could have discovered you don't actually have a frappuccino beach that was something one of your customers said. >> no. that's correct. >> exec out exec 6 brewery if you're in the st. louis area. what's the address? >> 5055 highway n in cottleville, missouri. >> very nice. we thank you very much for joining us to tell us your story and happy new year, sir. >> thank you. same to you. >> great. thanks a latte. coming up, the white house releasing new numbers about how many people enrolled in obamacare. how they're spinning nails, top of the hour. beyonce, we've problem. nasa fighting back about her using words from the challenger disaster. oh! progress-oh! [ female announcer ] with 40 delicious progresso soups at 100 calories or less, there are plenty of reasons people are saying "progress-oh!" share your progress-oh! story on progress

i look forward to hearing from professor schultz and mr. love thon topic. finally, we will hear about an issue that has received less public attention than the other two. but is one that does go to the heart of interact with their government. it was also the subject of the very first copyright case heard by the supreme court in 1834. copyright protection for laws, codes, and standards appears to clash with the fundamental ability of our saints to know what laws and regulations they must live by. it is fortune that the number of states seeking to claim copyright protection on their laws and regulations despite long standing copyright office and administration views of the contrary, has sharply declined. however, the issue of copyright preace for codes and standards incorporated within them is more nuanced. recognizing they are developed at some expense by private sector entities. i look forward to hearing from a representative of the american national tanders standard substitute and individual who made greater access to government information including the v

mr. whitehouse: well, one of the most prominent one is george schultz, who served with great distinction under i want to say three republican presidents. mrs. boxer: yeah. it's true. mr. whitehouse: and i happened to run into him within the last 10 days and i said, thank you for your work on carbon. it's important. he said, it's important. he said, we have to do a carbon fee. he said, revenue-neutral. i said, yes, we have to do a revenue-neutral carbon fee. revenue-neutral carbon fee means that the money that's generated by the polluters paying for the harm that they do to all of rest of us, which they otherwise get away with for free, goes right back to the american people. it is revenue-neutral. it doesn't go into the government and raise the size of government. it goes right back. you could do it by lowering taxes. you could do it by paying off every student loan in the country. you could do it by giving seniors a raise on social security. what a good discussion that would be to be having right here. but we can't have that discussion because the other party is trapped by the polluters,

mr. hoffa. appreciate your time tonight, sir. thank you so much. that's "the ed show." i'm ed schultz.evening, rev. >>> good evening, ed. and thanks to you for tuning in. tonight's lead, storm in new jersey. a new investigation just as governor chris christie is sworn in for his second term. state lawmakers announced today there will be a single supercommittee to investigate the sprawling questions about governor christie and his administration. it will include members from the senate and assembly and have full subpoena power. the announcement

mr. hoffa. appreciate your time tonight, sir. thank you so much. that's "the ed show." i'm ed schultz. "politicsnation" with reverend al sharpton starts right now. good evening, rev. >>> good evening, ed. and thanks to you for tuning in. tonight's lead, storm in new jersey. a new investigation just as governor chris christie is sworn in for his second term. state lawmakers announced today there will be a single supercommittee to investigate the sprawling questions about governor christie and his administration. it will include members from the senate and assembly and have full subpoena power. the announcement answers a key concern that separate investigations could have slowed down the hunt for answers. today was supposed to be a day of celebration, the start of governor christie's second term after his triumphant reelection victory. perhaps setting the stage for a presidential run. but all that has been clouded by the growing investigations. we don't know if the latest allegations involving sandy aid are true, or whether the governor had more knowledge of the lane closings than he cla

mr. wildstein's motivations were for closing them to begin with. for the full statement, you can go to our website at ed.msnbc.com. that's "the ed show." i'm ed schultz al sharpton starts right now. good evening, rev. >> good evening, ed. and thanks to you for tuning in. a chris christie investigation bombshell. the port authority official who carried out the september lane closings to the washington bridge claims governor christie knew of the closings, knew of the lane closings as they were happening. the claim directly contradicts governor christie's own story. it comes from david wildstein, the man who replied "got it" after receiving that now infamous e-mail time

mr. wildstein's motivations were for closing them to begin with. for the full statement, you can go to our website at ed.msnbc.com. that's "the ed show." i'm ed schultz. "politicsnation" with reverend al sharpton starts right now. good evening, rev. >> good evening, ed. and thanks to you for tuning in. a chris christie investigation bombshell. the port authority official who carried out the september lane closings to the washington bridge claims governor christie knew of the closings, knew of the lane closings as they were happening. the claim directly contradicts governor christie's own story. it comes from david wildstein, the man who replied "got it" after receiving that now infamous e-mail time for some traffic problems in ft. lee. wildstein resigned in december. but in a letter released late today, his lawyer states a person within the christie administration communicated the christie administration's order that certain lanes of the george washington bridge were to be closed and evidence exists as well tying mr. christie to having knowledge of the lane closures during the period when the lanes were closed. contrary to what the governor stated pu

mrs. lowey: i'm pleased to yield two minutes to the distinguished gentlewoman from florida, ms. wasserman schultz, ranking member of the legislative branch subcommittee. the speaker pro tempore: the gentlewoman is recognized for two minutes. ms. wasserman schultz: thank you, madam speaker. i rise in support of this legislation which funds our government and its many important programs for the remainder of fiscal year 2014. i want to congratulate ranking member nita lowey and chairman hal rogers for working so hard to achieve balance and compromise this legislation begins to reverse some of the devastating cuts caused by sequestration. it ensures we avoid the nightmare scenario of another government shutdown and invests in strengthening the middle class by investing in areas like education, scientific research and infrastructure. these will help create jobs and boost our economy which remains the number one priority of most persons -- americans. i'm thrilled that this bill sets the stage for regular order, which i know my federal appropriators so look forward to, and makes sure we can begin to wor

mr. gerard, good to have you with us tonight on the "ed show." we'll talk a lot about income inequality, give it definition coming up here in 2014. that's "the ed show." i'm ed schultzrev. >> good evening, ed. and thanks to you for tuning. in breaking news. we are expecting in this hour a key vote in the senate. it's the senate's first major test of 2014. a key vote to extend unemployment benefits for over a million people. families have been cut off for more than a week after republicans left for the holidays instead of fixing this. tonight the senate is back, and democrats aren't wasting time. this bill restores benefits to 1.3 million long-term unemployed americans. it includes retroactive benefits dating to december 28th when they were first cut off. it provides benefits

mrs. lowey: i'm pleased to yield two minutes to the distinguished gentlewoman from florida, ms. wasserman schultz, ranking member of the legislative branch subcommittee. the speaker pro tempore: the gentlewoman is recognized for two minutes. ms. wasserman schultz: thank you, madam speaker. i rise in support of this legislation which funds our government and its many important programs for the remainder of fiscal year 2014. i want to congratulate ranking member nita lowey and chairman hal rogers for working so hard to achieve balance and compromise this legislation begins to reverse some of the devastating cuts caused by sequestration. it ensures we avoid the nightmare scenario of another government shutdown and invests in strengthening the middle class by investing in areas like education, scientific research and infrastructure. these will help create jobs and boost our economy which remains the number one priority of most persons -- americans. i'm thrilled that this bill sets the stage for regular order, which i know my federal appropriators so look forward to, and makes sure we can begin to wor