focus areas within that rulemaking that makes us more if. checks,ludes background fbi for printing -- fingerprinting. significant resources are being stored. documenting security programs. how licensees will safeguard these sources, cord knitting with local law enforcement to have a plan in place in case there is a version. coordinating and tracking radioactive source shipments such that if they become lost during shipment, there is a manner to be able to find them. think the international efforts we have discussed today in terms of protecting the country highlight in an indirect -- as is pathways become more and more difficult for anyone to navigate, easiest path is domestic. try to bring something in from overseas if you just go to the local hospital or go to the warehouse to get the source? this underscores the importance of the -- of making sure the nrc requirements for domestic, medical and industrial use our robust. identified,es we the points i would highlight looking at the definition of collocation so that all formal facilities are

they are really directed at a broken system for rulemaking. what you've referred to as a pipeline is more like an obstacle course. written with hurdles that are insurmountable for many of these essential rules that protect health and safety. and it is a broken system not only for your agency and your rules, but for many other roles in the federal government. and so i hope we can use your agency as an example of how the system can be improved. because we can debate whether specific rules, alerter's, automatic train control as to send some positive train control, whether these basic safety measures could have prevented, no one can say that would've prevented. the point here is they should've been issued long ago. the recommendations made by the ntsb should've been implemented long ago, and that may be an issue of resources or complexity of decision issues or the failings of the administrative system itself and the administrative procedure act perhaps, but one way or the other the system has to be reviewed and changed. >> well, thank you for indu

money market fund rulemaking i mentioned is not a mandated rule make but very high priority. i'll say this about the market structure initiatives. this is really across the markets set of issues i focused on before i came to the sec and made one of my immediate priorities for us to come thoroughly to grips with those in a data-driven disciplined way but nevertheless intensively. we have all five of our commissioners who have spoken publicly about how high a priority. that includes some things we didn't talk about today too. we have a proposed rule sci that deals with requiring enhanced safeguards over technological systems of the exchanges and large alternative trading systems to ensure the technology that connects our interconnected market is as robust as it can be, redundant where it needs. so that's a very high priority for us as well. there's no question you can't do everything at once, but i think, i hope you're right in your assessment of me in my past. i'm very focused on being able to accomplish everything we've spoken of today and things i've added to the list, you k

, and weur rulemaking have a familiar mission to protect investors, to protect the fair and orderly, especially in our markets to facilitate capital formation, and if we do any rulemaking usually by law but certainly by policy. are trying tot we accomplish for the benefit of ,nvestors with market impacts so we do very careful legal economic analysis on all of our roles. we take into account all of those factors, all of those arguments that get made and try to fulfill our regulatory objectives, as i have outlined in the speech, but also take accountability in the most cost-effective way that we can, but clearly regulation has costs associated with it, and that is a necessary part of it. >> i have a question from the floor about argentina. [laughter] what is your view on the potential impact for foreign issuers in the u.s. market in light of this decision on argentinian debt? >> i'm allowed one punt, right? i actually have a meeting on that on monday, so i do not want to give an opinion here today. i have studied it. i think you have a column on this as well, which i have also read. [l

we have enhanced public participation in our rulemaking and have engaged the industry to perform casestudy to develop more accurate regulatory estimates. the commission has directed the staff to continue its work to understand cumulative impacts and to assess the effectiveness of the nrc's processes. the nrc faces a different future from what we anticipated a few years ago, when a significant increase in new reactor licensing and construction was projected. we recognize the need to approach this future in an agile and efficient manner. we are working now to project the agency's expected workload and skill needs through 2020. while there are fewer operating plans and new large light water applications, the workload has increased in other areas. in addition to the work areas i have just discussed, we are continuing to address the court's decisions on waste confidence in yucca mountain and preparing for small design reviews. as we meet these challenges, i am confident in the nrc's ability to develop and execute the strategies needed to achieve our safety and security mission. thank you f

procedure and turned off the switch and now going to start a new rulemaking procedure. so we're going to have to do it all over again and that's fine. because the price of liberty is eternal vigilant, and let me tell you what we are going to do after wi kill this regulation. we're going to see a new senate and a new house. come january of 2015. and we are not going to stop until we abolish this agency, clear that building, fumigate it, i think we ought to raise raze that build though ground and build a monument on the rubble so future generations will know we stood up and stopped tyranny so they would remain free. [applause] later on i'll tell you what i really think about this issue. i'm sort of dialing it back right now. but you know what? as important as that is -- and it is important -- it's important for us to make sure, as the apostle paul so eloquently says, that we complete the work and we finish the job of those who surround us like a great cloud of witnesses. and call us to complete the job, because we're not here this morning by accident. the price of our abi

does the bureau have the authority to fix this through rulemaking or do you need additional authority? >> thank you, senator. it was shocking to me -- i want to describe the practice so people understand it. tremendous work done by the student loan ombudsman in the cfpb who has been an outstanding advocate for young people who bear student loan debt burdens across this country. the practice was that nowadays many, many -- the vast majority, 90% plus of student loans that people take out have a co-signer on them. often a parent, maybe a grandparent what will happen is the student attends school maybe for multiple years, ultimately graduates and begins to repay student loans. they may well have a spotless payment history. yet suddenly something happens to the co-signer, at this point the parent or grandparent is aging, eventually some of them pass away. at a time when that young person is now affected by the death of their parent or grandparent, we saw student loan servicers calling in the account because the co-signer is no longer available on t rather than considering the situation, w

we have enhanced public participation in our rulemaking and have engaged the industry to perform casestudy to develop more accurate regulatory estimates. the commission has directed the staff to continue its work to understand cumulative impacts and to assess the effectiveness of the nrc's process and hazardous. the nrc faces a different future from what we anticipated a few years ago, when a significant increase in new reactor licensing and construction was projected. we recognize the need to approach this future in an agile and efficient manner. we are working now to project the agency's expected workload and skill needs through 2020. while there are fewer operating plans and new large light water applications, the workload has increased in other areas. in addition to the work areas i have just discussed, we are continuing to address the on wasteecisions confidence in yucca mountain and preparing for small design reviews. as we meet these challenges, i am confident in the nrc's ability to develop and execute the strategies needed to achieve our safety and security mission. thank you

on the prepaid cards, the last time you were here in november we discussed the upcoming rulemaking on prepaid cards, something i have followed for some time. you can have products that are largely remaining unregulated, and consumers can fall victim to all sorts of abusive fees, being charged to customer service to check your balance, or sometimes if you want to cancel your card because the fee is too high, and fees tocharged more close the account and we have legislation dealing with that. can you give us an update on the cards's work on prepaid and your timeline for a proposed rule? havecan, you and i discussed this a fair amount. this is a market where people don't realize that they are subject to no consumer protections currently, and there are billions of dollars being loaded onto these cards. that is a growing market. we anticipated we would have a rulemaking proposal out in june, which is this month and it will be the end of the summer before that can happen. it is a very high priority for us. it does not indicate any particular problems about the rulemaking, it is just hard to

now, to protect investors and facilitate capital formation when we do any rulemaking. usually by law, but certainly by policy, we balance what we're trying to accomplish for the benefit of investors with market impacts. we do very careful legal and economic analysis on all of our rules. we take into account, you know, all those factors, all those arguments that get made and try to fulfill our regulatory objectives as i sort of outlined in the speech. but also take account of doing it in the most cost effective way that we can. clearly, regulation has costs associated with it, and that's a necessary part of it. >> i have a question from the floor about argentina. [laughter] what is your view on the potential impact for foreign issuers in the u.s. market, and why the supreme court decision on argentinean debt? >> i actually have a meeting on that on monday, so i don't want to give an opinion here today. obviously, i have an opinion, have studied it. floyd, i think you're prolific, you have a column on this as well which i've also read -- [laughter] very good issues raise

it is a harmonization of rulemaking in the european market particularly as well as here. the idea of pursuing that approach may tremendous sense to me as we went forward. so, again, my hope would be that what we have done was provide the ability to look over the horizon where he can watch -- where you can watch product lines and respond to it in a timely fashion. is amazing it took legislation to create it. it should have been occurring naturally. we had regulators meeting up periodically with each other and talking about what was occurring. ofdid become the crisis september 2008. me wasr protection -- to stunning in a way of the objections of having a way of consumer rocks -- products. in this day and age, the fact that was such hostile opposition to the creation of a place where consumers of financial products could not find some grievance was stunning to me. deal did actually specifically with to important risks -- two important risks. we are pro-market. i found myself more pro-market that some of the people we were regulating. we affirmed my view. enter warned magnuss

s rulemaking process. i know this is a top priority for him and i have been assured that it is moving forward, forward aggressively. i encourage a speedy but appropriate resolution. i appreciate that the chair included language urging a comprehensive approach to rail safety. the language directs the pipeline hazardous pipeline safety administration to update emergency response planning thresholds and finalize a rule on tank cars by the end of this fiscal year. the bill also fully funds the president's request for r.f.a.'s safety and hazardous materials account. the manager's amendment designated some funds to hire additional safety staff to monitor routing and to make safety improvements on grade crossings that carry energy products. this, indeed, is a positive step. however, i would have preferred the inclusion of $40 million as in the president's budget request to establish a safe transportation of energy products fund, within that the office of the secretary of transportation to support prevention and r

this is the subject of the rulemaking of the sec right now and controversy. how do you think controversy, how do you feel about the idea of managed services or auxiliary availability for what we call edge providers? >> a couple of things. if you look at your cable product, we bundle that. we don't get a bill that says you paid for one thing. and we hide what the thing is. you buy a phone service, you get a broadband service, you buy a video service. you can combine them together. it is telegraphed that you are buying a set of services that you're getting a price efficiency for bundling. that is different than saying lawyers used to do, we are not quite a tell you what but for services rendered here is a bill. this is what you paid for this. managed services should be able to offer over 80% of what is dedicated right now to delivering you a managed service. that is called cable. if i took our pipe and divided it like a pie structure, absolutely that is what we're doing now. what is cable? we spent decades building a private proprietary infrastructure over 80%

colleagues, sent a department to the department of agriculture urging them to move forward with a rulemaking regarding conditions in captivity for marine mammals under animal welfare act. 20 years ago, the department recognized the need to revise regulations and 10 years ago, the department proposed such a rulemaking and received many public comments, but since then progress has stalled despite public outcry about this issue. our amendment would serve to kick-start that effort by providing $1 million for the animal and plant health inspection service to study the effect of captivity in large marine mammals so usda can fall through with proposing a rule that is long overdue. among the issues are the effects of captivity on the longevity of marine mammals, whether they suffer from physical and mental maladies at a higher rate than animals in the wild and whether they display unnatural and unhealthy behaviors, indicating high levels of stress. of studies -- the study these findings could result in scientifically based regulations that would ensure humane conditions for these awe-inspiring anima

the government's appendix, i would hazard to say of those oy don't exercise much, if any, agency rulemakingdjudicatory power at all. but as to those who do, going forward the government can solve the problem through agency ratification of past decisions. going backward, there are a variety of doctrines that would limit anybody's ability to actually challenge those past be actions -- past actions, including, for example, the apa's six-year statute of limitations on challenging final agency action, finality rules that would prohibit a party from raising an issue that they could have and the -- [inaudible] doctrine like mootness, standing and, your honor, the de facto doctrine at least outside of direct appeal. i think the this constellation of issues probably explains why this is the first time this issue has reached this court in 225 years. this is not to say that a ruling in our favor on the first two questions wouldn't have any impact. it would undoubtedly have some. but it's this court's decision in cases like booker and blakely which made clear this court has never shied away from enforc

the rulemaking is that our within our authority under the clean air act to address -- >> well, i said that the president has the right to give speeches. i even accept the fact that the president has the right to issue memos. as the chief executive officer of the federal government, he can direct the executive branch, in this case your agency, the epa, to try to implement this presidential memos. but i do not accept that this is something that absolutely has to be done. whatever documentation you can provide that shows that this is a forcing authority, i would like to have that. and your statement, you went to some lengths to talk about all of the flexibility that states are going to have. i am told in the case of taxes the decisions were made before the state of texas even had an opportunity to comment that they received a memo or a checklist almost after the fact. are you aware of that? >> i am not sure what you are referring to, congressman. we had many conversations with states both individually and groups. of course, this is a proposal. we are still taking comment. i have had at l

we can provide input through their rulemakings in the form of administration positions, and we do that when we think the opportunity is appropriate. but in general, it's the fcc that has the ultimate responsibility in those areas. >> host: so how much time do you spend with tom wheeler or the fcc commissioners? >> guest: tom and i talk on a regular basis. it's not scheduled, but we stay in touch with each other. >> host: larry strickling is the administrator of the national telecommunications information administration, he's also assistant commerce secretary for communications and information. brian fung covers technology for "the washington post". next question. >> so, again on this topic of the relationship between between the fcc and ntia, obviously, both work in the public safety realm. later this week chairman wheeler is going to give a keynote address at the american enterprise institute about cybersecurity. can you describe the overlap in responsibilities when it comes to public safety and where the responsibilities sort of divide? >> guest: so the fcc's primary responsibility w

outreach to stakeholders and members of the public to help us in that rulemaking endeavor. so that process to place and we issued that regulation in march of this year. it involves as you have heard a background check to ensure that individuals that are allowed to have access by themselves that they are trustworthy and reliable. the licensee performs that review and makes the determination as to whether the individual meets trustworthy and reliable. we also have issued, which my colleague indicated, we issued a guidance document of best practices for performing these types of reviews so the individuals that is responsible from a can that call has guidance on what to look for. the other thing it requires a is liaison in with local law enforcement so that you have a plan that if in the course of their acquired detecting and assessing and responding to the potential theft of a source you have to lay out a plan with local law enforcement so they can respond. they are required to inform the nrc. they call the local law enforcement first and they are required to call us as soon a

nprm is a notice of proposed rulemaking, the first stop that says we're about to pay attention to thisissue. >> guest: right. >> host: and then also, once this happens, when an nprm comes out, is there always a pole adopted? >> well, no. in this we would expect something. you can have proceedings where the fcc will propose rules and then at some point say, you know what? we're not going to do anything. but most of the time, yes. there's a comment proceeding that will come after an nprm. the fcc will accept comments, they'll look at the record. folks can go in and meet with them, and then they'll come out at some point with an order. sometimes you'll have a proceeding that's particularly hard, and instead of doing an order after that, they'll do what's called a further notice, and they'll ask more questions saying here's some things brought up in the original round of comments s and we want to ask some more. so not always, but we would expect some rules from this. >> host: and whenever we get into internet policy and net neutrality, there's always reference to title ii. for our audience

structure is a product -- product of congress's 1975 amendments to the exchange act and subsequent rulemaking by the sec to implement a national market system. has created a system that allows market competition while at the same time fostering price competition. arey our equity markets widely considered to be the most liquid, transparent, efficient and competitive in the world. cost for long-term investors in u.s. equities are among the lowest globally and declining. these gains have been noted by experts. vanguard confirmed estimates in 2010 of declining cost over the past 10 to 15 years. savings flow directly to investors in the form of higher returns. three respected economists found that between 2001 and 2013 the spread paid by investors had decreased. in april 2014, blackrock noted that since 1998, institutional trading costs have declined and are among the lowest in the world. earlier this month, itg reported between 2009 and 2013 implementation shortfall cost decreased from 45 basis points to 40 basis points. further, our market is able to handle volume and traffic considered astronom

this rulemaking was informed by insights gained for the implementation of yours. the resulting rule part 37 is an optimized mix of performance-based and prescriptive requirements that provide the framework for a licensee to develop a security program for risks significant materials with measure specifically tailored to its facility. compliance with the rule was required for nrc licensees by march 19, 2014. agreement states to licensees need to fulfill compatible requirements by march 2016. the nrc efforts in material security have not ended with the publication and implementation of a radioactive source security rule. the nrc will continue to assess its programs to ensure that they promote the secure use and management of radioactive sources. this concludes my remarks concludes my remark senator and i will be happy to respond to any questions you may have raised the captain thanks so much. david trimble of the gao. nice to see you and thanks for joining us.

there is six focus areas within that rulemaking that makes us a more effective rule, and that includes, as i think i had mentioned, background checks, including fbi fingerprinting to help ensure that individuals are allowed and sources can do so unescorted, control personal access where significant sources are being stored, documenting security programs, in other words, a written security program that lays out how the licen licensees will safeguard these sources. coordinating with local law enforcement to have a plan in place in case there's theft or diversion, and coordinating and tracking radioactive source shipments such that if they become lost during shipment, there is a manner to be able to find them. >> good. >> if i could add one thing. >> sure. >> i think the international efforts we've discussed today in terms of protecting the country highlight in an indirect way the importance of the issues we bring up in our report. because as those pathways become more and more difficult for anyone to navigate, the easiest path is domestic. why try to bring something in from overseas if y

are doing better today that we were not doing in the past has to do with our source of security rulemakingthat we mentioned before. there are six focus areas in the rule making that makes us a more effective rule and that includes in the controlling personal access for the significant sources being stored on the security programs and rigid security programs that lays out how the licensees are and coordinating and tracking radioactive shipments. there's a manner to be able to find them. i think the international efforts we have discussed today in terms of protecting the country highlight in an editor at way what we bring up in our report because as those pathways become more difficult for anyone to navigate, the easiest path is domestic. why try to bring something in from overseas if you can go to the local hospital or warehouse to get the source? so this underscores the importance of the making sure that the requirement for domestic and medical users are robust and the weaknesses identified at the points pointd highlight in terms are going to get better. the co- locations in the vulnerable

the president gave us a schedule with the rulemaking in suggested we undertake those within our authority under the clean air act. . . the decisions were made before the state of texas' even had an opportunity to comment that they had a memo or a checklist almost after the fact. are you aware of that? >> i am not sure what you are referring to, congressman. we had many conversations with states, both individually and in groups. of course, this is a proposal. we are still taking comment. i have had a least multiple hours of conversation with states since june 2nd. so there have been lots of upper today to talk. >> just as an example, are you aware of the fact that if texas coast down every existing fossil fuel generation plant in the state, every one, coal-fired, natural gas in the state of texas that it would still not meet the new proposed espn's. are you aware? >> the plan relies on states implementing -- >> i'm not asking -- i am asking if you are aware of that in the state of texas. if we shut down every cold-fired and natural gas plant in the state , everyone, we cannot meet these su

much power does goldman sachs have in terms of washington and in being able to see the kind of rulemaking it wants, that it thinks is advantageous? >> all our power. we have influence but in a geopolitical terms, it is the softness of the soft power. the soft influence. we lend our voice. we are like a university. we have research people on the macro side, on the corporate side. we put out ideas, we take, we extend our ideas, we show initiative. at the end of the day, we do not have the power to execute them. >> it is mostly because of the research and analysis and mostly the way you want to see the way the world is going so that you reasonable decisions with a fair understanding of the risk. >> sure. at the end of the day, all of our activities -- correlate with growth and gdp. we are in favor of sustainable growth and gdp. it is no good to have a spike in growth in every -- and have everything not go forward. bestu want to have the projection of the fortunes of goldman sachs, i would ask you, well, where's gdp going? yes, we are interested in growth and we are interested in the benefits

the fcc began its latest rulemaking process only a month ago, and so we must give time to allow this process to proceed. to the extent that we do look to antitrust law as a way of ensuring net neutrality enforcement of existing antitrust law would be insufficient. under current antitrust law there is relatively little that antitrust enforcers can do outside the merger review context to address the conduct of a regulated industry like broadband internet service, with respect to enforcing net neutrality principles. through a series of decisions, the supreme court has limited the potential to successfully pursue claims under the sherman antitrust act arising in net neutrality context. moreover, exclusive reliance on antitrust enforcement while having the benefit of a more nuanced and fact specific approach to the problem would also be a cumbersome, more limited, more resource intensive, and after the fact way to develop a regulatory regime for net neutrality. another potential approach would be for the federal trade commission to use its authority under section five of the federal trade

the fsoc made recommendations, now the sec has a rulemaking.d i'll also add that in the process of going through the asset manager review, the sec is fully a part of that process. they review drafts of the ofr study, they are part of the decision that fsoc will make because the chair is a voting member of fsoc and the staff work on all the preparation to it. >> i'd like to ask a question about getting back to too big to fail and whether it's been ended. you know, the president and this administration has a sad history of overselling its policy objectives and initiatives. the oversold clash 800 billion -- they oversold an $800 billion stimulus saying unemployment wouldn't go above 8%. they oversold the affordable they oversolith the famous if yu like your health care plan, you can keep it. they shockingly oversold -- i would say misled -- about the impact of a video in benghazi. they oversold the ability to reset relations with russia. they oversold the record retrieval capacity of the irs with the e-mail scandal. they oversold their ability to

heard what senator alexander said about the cost and the white house said today we're still doing rulemaking and we don't know the costs yet. but given what they've done so far, is there a way to put a price tag on something like this? >> there may be some additional short-term cost and i think we want to hear more about that. but again we need to look at the cost issue in a more comprehensive way. if the borrowers are more able to handle the debt burdens and likely to succeed, that's an increment in students and student borrowers, and instead of money going to the private services to collect them from borrowers if they're so distressed they can't afford their basements. >> ifill: how much a bite would this approach take out of the problem, professor? >> well, i think this is not dealing with the real root cause of the problem. the the real root cause of the problem, the reason there's so much student debt, over $1 trillion to begin with, is tuition fees and college costs in general have been rising almost exponentially and at an ever faster rate of increase in the last several decades. this

and what the court said in the ballin case was that the exercise of rulemaking authority by congress was almost absolute and beyond the challenge of any body or tribunal unless it usurped some independent constitutional authority. the only possible offer here that the solicitor general has as to how the constitution could have been violated by the actions of the senate in arranging its own affairs is the notion that this has invaded the purported recess appointments power of the president. and the reason, as we say in our brief, why that is completely insubstantial is because, as the solicitor general recognizes in the closing two pages of its brief, the senate by the design of the constitution, the appointment clause, the primary method of appointment, has an absolute veto over nominations. the framers could not have been more clear that the standard power of appointment was a joint power of appointment. and, therefore, the solicitor general is forced to concede that this appointment power, this right that the president is asserting here as a stop on the exercise of the rulemaking a

. >> there is a difference in the rulemaking, establishing a national emissions standard, and then the plants can deal with that system in the best way they can and figure out how to meet it, versus this command and mechanism, where 90-plus state and local permitting authorities are each having to decide on their own what controls a think each plant in their area should engage in it order to deal with global warming. it makes perfect sense to have 90 state and local permitting addressing the area-specific air quality impacts of the plants that are built in their states. says "such standards with such modification as he deems appropriate." that is just the language. >> right. >> ok, so if this is the right wouldn't they copy it word for word into the rules and just put a different section number at the bottom? why can't they do it? >> because the statutory language and structure of the think,s not, we encompass these kinds of pollutants that have globally dispersed results and not it ispecific impacts, and for the reasons that i have indicated. -- i am sorry.s 71, which says that the pr

recently asserted with some of the college are on the negotiated rulemaking committee as an alternatei have full voice in the process and results that were released related and i'm an appointed commission member for ohio these officers training commission.thi >> i echo my colleagues since been invited to the roundtable and we look forward to working together and inform legislative riting policy changes in this area.lative i'm the chief of police at cornell university. officeholder primary query statistical gathering as well as reporting for security report. we work with title i coordinator st whenever possible and aligned with help with theirpossble investigations. i can be in our public safety advisory committee which keeps us in compliance with new york blate educational law articleu 129 a. which is a prime example i think of well intended overe l legislated directive, and we also on campus are president created a council for sexual violence protection that we would think better speaks to what the intent of article 129 a. was which was across genders, across a show that any efforts

of the rolet and rulemaking in washington, which is i think of the real story, why hasn't washingtoneen on top of this and enacted rules? the idea that if you shave up in here or there but somehow it will dribble down to the ordinary investor, i'm not sure that ever happens. >> thank you both. keri geiger and richard barely. tune in at 3:00 today, we talk about eric schneiderman. you will be speaking to trish regan about these charges against barclays. we have a lot more after the break. >> coming up, the camera of andce for surfers, skiers, bikers. go protest went public. we will talk to the ceo, nick woodman. ♪ >> welcome back to "market makers." we are waiting for the ipo of the day to start trading, go pro, priced at the top end of the range last night. in a few moments, we will hear from its ceo. i want to bring in another superstar of the day in the meantime. dawn fitzpatrick from ubs o'connor, the six playing dollar hedge fund unit in a swiss bank. -- $6 billion hedge fund unit in the swiss bank. womenely do we see running hedge funds and big thanks. you're doing both. how do

that is a crude version, but it has gone beyond the complaints about excessive rulemaking.t is about immigration. american audiences to fund and another of europeans in this audience. on capitol hill the was a congressional meeting. a bunch of congressional staff. you need to understand that europe has done something incredibly bold in terms of responding the globalization with openness. imagine how and would work if you said to the u.s. congress, under the new nafta will is there will be free movement of labor. the mexican who wishes to move to america to find a job can do so more. the american government will have no legal ability whatsoever to control the numbers. you can just tinker with things like welfare rolls with the nafta court justice with the ability to tell congress not to gives state aid of factory in detroit keep it open because it was against competition rules. in order congress not to give state aid to the american company. you could never in a million years get away with that. anita understand that europe has done some incredibly radical things. in respons

the president gave us a schedule with the rulemaking in suggested we undertake those within our

this is the subject of the rulemaking at the fcc and a lot of controversy. how do you feel about managed services or auxiliaary availability? >> guest: we bundle but you we don't collapse it. you don't get a bill and pay for one thing. you can by them separately or together but i think it is well telegraphed you are buying a set of services you are getting a price efficiency for bundling. that is different than what lawyers used to do but for services renered here is a million dollar bill. no it is like this is watt you pay for this and that. should we be able to offer other services over the infrastructure of our pipe? that is what we are doing now. what is cable? we spent multiple decades building a private infrastructure with over 80% dedicated to delivering cable. if i took the pipe and divided it in a pie chart the vast majority is delivering it through cable. that is what the show and hbo comes over and what the consumer pays for. that is the con fiskating of our observation -- business -- if we cannot do that. you take away the private service and put

that include sinn assessment of the review of the associated risk if the proposed station with the rulemaking with the license for current operating reactors beyond six years that a subsequent places renewal and waste competence and waste management regulatory framework that proposes a long-term vision on the framework. cannot recall a more receptive to get a group of factions in such a short period of time. the commission oversight regarding these issues shapes a framework for a long time to come. of thank you very much. >> fate q. chairman good morning to you and the former chairman it is a pleasure to meet today with the lessons learned from fukushima. the chairman's statement highlighted our progress and will have a few additional comments i noted the three years since the accident i have seen nothing that would make me question the safety of the u.s. power plants since 2011 have analyze technical issues major regulatory policies and engaged in the open public discussion about lessons learned. after that the conclusion reached in the months after remains that u.s. nuclear power plants are

many of you were engaged with that rulemaking. that means you fill up less often and you save more money. that is what efficiency does for you in the audio industry, that is what it will do for you in the power sector as well. given the astronomical price that we pay for climate in -- inaction, the most costly thing of all we can do is nothing. the most costly thing that we can do is to do nothing. the critics are wrong about reliability. for decades, power plants have met pollution limits without risking reliability. what threatens reliability and causes blackouts is the devastating extreme weather that we are going to see that is fueled by climate change. i am a little tired of people pointing to the polar vortex as a reason not to act on climate. it is exactly the opposite. it is a wake-up call. climate change heightens risk from extreme cold that freezes our power grid, superstorms that drown our power plants, and heat waves that stress our power supply. it turns out efficiency upgrades that slow climate change help cities ins

the problem, the technology is moving much faster than the rulemaking.emote-controlled aircraft, some toys as well have been around for years. look what we found at a hobby store for $700. this is the phantom. it is drone. four rotors, carry a camera. and go 22 miles an hour and a thousand feet into the air. almost as high as the empire state building. those capabilities outstrip the current rules. the faa was supposed to have new rules last year, but that's been delayed to the end of this year with tests across the country. privacy a big concern. and sunday, a seattle woman looked out her window and reported a drone was staring back at her. they called police. >> technology is growing so fast. thank you so much. i had no idea. >> the power of that drone. >> 22 miles per hour, it can travel. it can move. >> it's fast. >>> a new medical report with a warning for parents. that fortified cereal we give our kids to get them vitamins may be doing more harm than good. dr. richard besser is here. the study says that these cereals may give children too much of t