schaeffer or mr. polka have said you want to respond to, have at it spent i think on the first point mr. cohen said it well, that from an economic perspective we would not expect something of shortfall in one market to be made up into another or vice versa. that a savvy company is going to negotiate as best begin with all its counterparts and there's not some code it's trying to reach. thing about each of those negotiations separately. i think with respect to the conversation we've been having about ports, whether any of this raises a for closure concern, i think it's important to understand that payment for conductivity, payment for interconnection is not new. is not a new fight. it's always been the case that a payment is it going to be made through cash or through reciprocal carriage. and so to think about this as a for closure concern i think is wrong. i think what this is really going on is a fight about who should pay for what in this highly competitive in a lot of ways, highly competitive busin

rick schaeffer purchases a home in foreclosure in a remote lakefront community. >> it's a bunch of old cottages that get converted into homes. kind of in the middle of nowhere. >> not much is known about the previous owner. but for schaeffer the price is right even though the house appears to be in shambles. >> i've seen people save things and collect things. but i think in this case, the individual was cleaning the neighborhood, so to speak. >> armed with a video camera to document the scene, schaeffer visits his new property with a friend, david lang, and lang's neighbor ryan lamere. >> you want to see hoarding? you're going to see it. >> looked like a typical house that had neglect. the neighbors had put up a fence on the one side because of what had been there. >> the trees were all overgrown, the bushes. so they were overgrown on the house. there was a car parked outside. it was completely packed with stuff. >> that was overflow from the house. basically when you opened up the door to the car, it was filled to the ceiling. >> shut the door and locked it. i'm sure if you opened it

. -- schaeffer. he is founder of cogent communications group prior to joining cogent, he worked in a variety of businesses. mr. schaeffer's business successes have allowed him to build management teams that -- he received a bs in physics from the university of maryland where he was also a phd candidate in economics. we welcome you. our final witness is dr. craig level it's -- liebowitz. he founded deep field networks. he serves as ceo and president. he's an expert on infrastructure and cyber threats. prior to founding deep field, he served as chief scientist for arbor networks based in ann arbor. his research and work is used by more than 400 service providers and more than 70% of the internet backbone transit traffic comes from products perfected by his research. he also served as one of the original engineers for the nsf backbone. that is where the internet as we know originated. one of the six universities -- was that? he received his masters of science and engineering and phd from the university

. >> oscar schaeffer. r rivulet capital.>> i certainly am. >> we will touch on that later. thank you. the voice of god in my ear. okay. okay. m&a, good or bad for sentiment for the market? >> first of all, there's a trillion eight cash on balance sheets. so i think with low growth -- think about it. it is 11% gdp. i think by definition it's very good. i started out as an investment banker. and i look at companies with private values. in last june i recommended directv. one of the reasons i did it was a hookup with at&t. but more importantly, mike white, ceo, was a great market value. >> it's not frothy. the only thing you can say negative was that it reinforces this is a slow growth environment that we're in and likely to be in for a while. >> i don't know if that's necessarily negative. because every time the cpi was less than 3% for the last 47 years, multiples averaged 18%, 18 times. i don't think a low growth economy necessarily means a bad stock market. a study was done in 1990. no, 2000. as i mentioned a while ago, gre

schaeffer. >> thank you, mr. chairman. i am least to be here today to discuss some of the technical issues that may be relevant to our consideration of the proposed comcast-time warner cable merger. at the outset, i want you to know that comcast and time warner cable are two of the many companies with whom my company has commercial relationships. the views expressed for my testimony are my own. i'm an academic researcher and a commercial vendor. my current company provides network management and analytics solutions to a range of large content companies and consumer internet providers. my career has included roles as the chairman of the principal internet industry engineering association in north america as well as the project director of several national science foundation and research projects. in the study of internet architecture from the university of michigan in 1999. in 2010, i collaborated on the largest research study of internet traffic to date. earlier this year, my company, along with academic and industry resea

. >> joining me now for a look at what's coming up on kqed news is scott schaeffer.governor jerry brown reach add deal this week with the gop to put a rainy day proposal on the ballot. he's going to put up the may revised. what's the connection there? >> the connection is this is budget season. we got a report this week from the state comptroller who said we have 2 billion in extra heavy knew. so the rainy day fund is almost a good will thing, the governor and republicans and democrats coming together talking about fiscal responsibility. just sets a tone for the budget negotiations that will begin in earnest. >> and also this really gives the republicans something good too. they can come in and say, hey, this is one of our achievements as well. >> absolutely. this is one thing they've been talking about. there's another report that came out this week that said that california has $340 billion in liabilities for retiree pension and health benefits. so the rainy day deal is part of that agreement to deal with that. yeah, it's something in it for everybody. >> also look

our story narrated by scott schaeffer was produced by pbs station kqed in san francisco. >> when i grewp, my life was not incredibly easy. my mother work all the time. i really had to learn on my own how to hold myself up. photographer is one of those things i used as a vehicle for self-expression because i felt in my heart i was an artist. >> working out of a make shift dark room using highly reactive chemicals, large plates and a camera, artist ed drew is putting his own spin on a 19th century art form. >> i like it because it's not just something simple. you have to set it up and you have to be really physical with it. you can't just click. you're basically making a photo on a piece of metal, you're exposing it, developing it and fixing it all right then and there. >> tin type portraits reached the height of their popularity during the american civil war. inexpensive, durable and relatively simple to make, tin types were the first available to the masses including hundreds of soldiers headed off to battle. >> these images of soldiers, sometimes these are the last images that their fr

schaeffer received a b.s.aryland where he was also a phd candidate in economics. we welcome you. our final witness is doctor craig labovitz. is that right? he is the cofounder who founded in 2011 and serves as the ceo and president. doctor labovitz is widely recognized expert on internet infrastructure security and cyber threats. prior to founding, he served as the chief scientist for arbor networks based in ann arbor michigan. his research with over 400 internet service providers and more than 70% of the internet backbone traffic protected by the products stemming from his research. doctor labovitz served as one of the original engineers for the net which is where the internet as we know it today originated and that is when the six universities -- he received his masters of science and engineering phd from university of michigan and bachelors of science and engineerin in engine university of pennsylvania. we welcome you as a final witness. and at this time mr. cohen, we welcome your testimony. each of the wit

charles: stay right there, we will bring in sabrina schaeffer and david asman and chilling can.so how are you feeling? i mean, are going to stick up for your people? >> according to the same survey just over 40% of consumers who are adults and older generations, they also have no clue. so there is that the statistic as well. so it's clear there's a lot of education on this topic. but what i think is the one here is if you look at the way millennialist spend money and make major purchases and they rely on credit ratings and more and more of the choices are delayed according to a lot of different research. buying a home, purchasing a car. at at millennialist have unemployment at villa, part-time jobs to do with command also learning about this is more important than ever and to your point here. so you only learn it. >> i was talking to my niece last night. so many rich people are paying cash for things that people who are getting their first mortgage are getting squeezed. charles: i also know that some put 20% on. >> even if you put that down from its tough to get a mortgage these

. -- schaeffer. he is founder of cogent communications group prior to he worked in a variety of businesses. schaeffer's business successes have allowed him to build management teams that -- he received a bs in physics from the university of maryland where he was also a phd candidate in economics. we welcome you. witness is dr. craig level it's -- liebowitz. deep field networks. he serves as ceo and president. he's an expert on infrastructure and cyber threats. prior to founding deep field, he served as chief scientist for annr networks based in arbor. his research and work is used by more than 400 service providers and more than 70% of the internet backbone transit productsomes from perfected by his research. he also served as one of the original engineers for the nsf backbone. that is where the internet as we know originated. one of the six universities -- was that? he received his masters of science and engineering and phd from the university of michigan and his bachelors from the university of pen

that experience of course led hem to say this to bob schaeffer? >> do you think it will be a long war or short war? >> based on my time as secretary of defense, i'm confident that the troops will be successful and it will go relatively quickly. there is possibility of complications you can't anticipate. >> ginning me, chris hayes and alex wagner. good evening to you both. chris, i want to start here and try to take this seriously at first. whatever credibility problems dick cheney has. this was the debate for years. barack obama came into office, one controversial thing he did was add troops to afghanistan did a surge now doing a drawdown. it says something to me really rotten about the core of the credibility of the republican party that they can't deal with any of that actual up and down troop factual history. and have to instead pretend winding this down after 13 years, much longer than world war ii is an automatic loss. it is weird to think of wins, losses to begin with. part of the structural problem of how war is conceived of. i think it is