sec rulemaking. additionally, the sec finalized 13 of the required 20 studies and reports. while the agency's budget has grown in recent years, so have our responsibilities and size and complexity of the markets we oversee. during the past decade, trading volume and the equity markets has more than doubled as have assets under management by investment advisors with these trends likely to continue for the foreseeable future. at the same time, we recognize that it is incumbent upon us to maximize our efficiencies and continue our organizational modernization efforts. as we protect investors, we have an obligation to be good stewards of the resources provided to us and carefully review our activities to identify efficiencies and cost savings wherever possible. our request for 2013 would permit us to add approximately 676 positions to improve core operations and implement our new responsibilities. and it would be fully off set by the matching collections of fees and securities transactions. the resources

when she returned to the sec it was her fourth appointment to the commission. it's a testament to her talent and judgment that those appointments are evenly divided. two of them were by republican presidents and two by democrats. her talent for reconciling different sides of complex issues have become important. as we work to be more agile and effective. under her leadership, the ags has improved performance across the board, increased communications with financial markets stakeholders of all times and won broad support from elected of officials on both ends of pennsylvania avenue. since returning she has brought a significant number of actions involving highly sophisticated products and transactions including many many, many arising out of the financial crisis. she launched a program ma combined more programs that ranks risk, thus allowing us to target examinations and protect investors. embraced market stability by dodd-frank, and working around the clock to implement an unpress didnu unprecedented rule making agenda. pulled in aging infrastructure and allowe

that's what the sec team set out to do. we redesigned the sec, investing in technology and human capital and significantly improving operations. we put in place a new operations strategy, rooted in an entrepreneurial attitude and a collaborative approach. we immediately began to execute on an agenda that would better protect investors and reduce the chances of another systemic shock wave. i knew as we found our footing after the financial crisis and began implementing the strategy, that every move would be watched by many eyes. what i didn't realize was that the sec's energetic response to the challenges we face would list the profile to the heights rarely seen since the days of joe kennedy and the new deal. but i welcome the attention. it gives rise to needed debate about important issues and challenges us to be our very best. but i sometimes worry that the tendency of observers to focus on individual rules or discreet actions distracts them from the big picture. what the agency has accomplished is greater than the sum of

just because the sec is funded through free doesn't absolve y'all from managing the funding to the sec and doesn't provide the subcommittee from providing extensive oversight. you're faced right now with many challenges, including implements dodd-frank, modernizing your technology and reforming your organization. i encourage you not to rush or throw money at any of these challenges. there's something to be said for get these changes right the first time. deliberate, thoughtful change is what's necessary to make the financial markets and this agency work better on behalf of the american public. we recognize that you have anne cred pli difficult job and i know that you and your staff are working very, very hard to meet today's challenges and we do appreciate your efforts. i look forward to your testimony did you bu for now i'd like to recognize my friend ranking member serrano. >> thank you. and it okay to mention baseball as we always do except it's early. don't worry in october we'll be talking to each other again. then november we'll not be talking to each other. but that's how it goe

the sec action was simply a bump in the road. it was... it barely slowed them down. >> smith: bienes denies routing clients through sullivan or anyone else. >> if they called me, i said, "listen, the only advice i can give you is call bernie, if you want to get... i don't know if he'll take you." >> smith: or "call michael sullivan." >> no, absolutely not. never! >> smith: now, why does that push a button? >> because it's not so, and that's what really bugs me. >> smith: but you got people saying that they were advised... >> i don't care what people say. they're lying. >> smith: but documents show that after 1992, former avellino and bienes clients began moving their money into partnerships that were michael sullivan's conduits to madoff. avellino and bienes also continued to invest their own personal money with madoff, and went on to amass fortunes. the avellinos bought this $4.5 million house in palm beach, and stocked it with paintings by degas, dekooning, hopper, and bacon, paintings worth tens of millions of dollars. the bie

finally, we are working to improve the sec's capacity to regulate and investigate. so another major initiative is the consolidated audit trail. standardizing platforms would seem to be a very obvious move. serving investors on two moves. and allowing more rapid and accurate reconstruction of unusual market events. the complexity of the under taking, however, has necessitated a detailed and extended rule-making process. including a thoughtful review of the comments received since we first proposed the system's creation. the contours of the regulation are being finalized and will be considered by the full commission. regardless of the details, the broader result must be a mechanism that gives the agency the ability to rapidly construct trading. something that doesn't exist today. in addition, while the initial proposal will be for an audit trail tracking for orders and trades in the equity markets, i believe the system should be expanded for fixed income and futures and other markets. it is important we get a structure in place sooner rather than later so the heavy li

require sec rule making. additionally the sext has -- sec has finalized 13 of the required study and report. while the agency's budget has grown in recent years, so have our responsibilities and the size and complexity of the markets we oversee. during the past decade trading volume in the equity markets has more than doubled as have assets under management with investment visors. at the same time we recognize that it is incumbent upon us to maximize our efficiencies and continue our organizational modernization efforts. as we protect investors, we have an obligation to be good stewards of the resources provided to us and to carefully review our activities to identify efficiencies and cost savings wherever possible. our request for 2013 would permit to us add approximately to improve core operations and implement our new responsibilities and it could be fully offset of the matching collections of fees on security transas. it would allow to us achieve four initial tifts. it would allow the commission toin hanc

to start, it is my distinct honor to introduce the 29th chairman of the sec, mary shapiro. not many people realize this, but when she returned to the sec in january of 2009, it was chairman shapiro's fourth appointment to the commission. it is a testament to her extraordinary talent and her excellent judgment that those appointments are evenly divided. two of her appointments were by republican presidents and two by democrats. chairman shapiro's talent for understanding and reconciling different sides of complex issues has been vitally important as we work to become more agile and effective during one of the most exciting and demanding moments in the agency's history. under her leadership, the agency has improved performance virtually across the board, increased communications with financial stakeholders of all types and won broad support from elected and political leaders on both ends of pennsylvania avenue. since her return, the agency has brought not only a record number of enforcement cases but a very significant number of actions involving highly complex and sophistica

we're also looking at areas within the sec where we can cut spending, where we can save money. two have a continuous improvement program. one of the recommendations out of a large study done by a and through that initiative as well as others we've identified $8.3 million in savings just over the next few years. when a relatively smaf lift. in savings that we think that we can find. then we have in our technology group, a very conscious effort to save money. we replaced 500 servers with virtual servers. we will recoup that $7.6 million in 15 month afrpd over the next five years save close to $19 million. we can redeploy it towards more yufl purposes within the agency. that's being done on a consistent basis, tightening up contracts, putting in higher service agreements and performance metrics to catch problems earlier so we have much less utilization under our support. contract support agreements and therefore, lower our costs of delivering technology. so that's a long way of answering multiple part of your question. the last thing i would say, while this is not -- we must be go

so the sec could act, two commissioners have to act. two only. luis aguilar has already said he would stand up for this, mary schapiro. with those two votes, we could literally make every american in america to have to disclose this kind of political spending. >> that's why i've been so enthusiastic in supporting your efforts because i do feel it's at the bottom of a tree here. how did the sec react in the one meeting that you've had with them so far? >> you can imagine that the notion of protestors on their doorstep was offputting to them, the sec is not used to a lot of protest, they're not used to reaching in and telling citizens to do your job. we want to blow by 100,000 signatures, we're at 75,000. people should go to elections.com and weigh in now. but i think it's a little unnerving to the sec to say, hey, you're supposed to be a transparency issue. we're watching you because you're not doing your job. we're going to encourage the public to watch. i'm going to see chairwoman mary schapiro in a few days, and i hope she'll say, okay, we're r

and he said no, i said the sec the same document i sent my customers.[laughter] and inspector general said, but weren't those false documents? and that's when he uttered that one, after a long pause, i can see how you would think they might be false, yes. so he defended himself. my mom was a psychiatric nurse and she could tell me that the mind will not see what it cannot bear to see. that people will defend themselves against knowledge that they cannot bear to acknowledge. maybe there's something about in madoff's insistence that he really was an honest successful money manager for many years. the government says oh, no, for most of those years you were a crook. he really was fighting on his record. well, no, he wasn't. i think he can't really bear to say who he really is. and until he does i don't know that anything like the kind of remorse that we might expect to see in a man who has caused such devastation. besides his son's suicide, to other investors committed suicide in the aftermath of their madoff losses. a retired british military men who went

is that from both inside over outside of the sec. you will also hear from the sec chairman, mary shapiro, and we'll be. t the. >> the. before going on, despite the fact that our srchs. . sdplz all the members of the condition to start, it is my distinct honor to introduce the 29th chairman of the sec, mary shapiro. not too many people realize this, but when she returned to the s to her everett, two programs by republican democrats and two bi as we work to become demanding in the nation's history. we've increased communications with financial market stakeholders of all types and won broad support from elected and political leaders on both ends of pennsylvania avenue. since her return, the agency has brought not only a record number of enforcement cases but a very significant number of actions involving highly complex and sophisticated market practices and products and transactions, including many, many arising out of the financial crisis. she's launched a natural examination program that combines more effective organization and tactic

about the fact that you a member of the senate in essence saying he couldn't get the information, the sec told him that information of that sort was only given to members of relative committees which is one would be included in that. but because of that i started digging in a little bit. because i was shocked because of the fact you have been so to me and my staff. one of the things obviously a cynic would say, there were reportedly contributors to the administration and so, therefore, a kind of smelled bad. but since i don't buy that, we did a little bit of her own digging. i'll tell you what i came up with. something that frankly kind of shocked us a little bit. speaking of transparency. that's the issue of freedom of information act requests. if you look at, i will tell you what the sources, it's u.s. government website, it's foia.gov website. you look at just the number of freedom of information act requests and denials. according to that website, the fcc is denying more foia requests under this new fcc and in the bastard as a matter fact, significantly, greater percentage of denials

take sot :35 secs. o.c. otros proyectos.resenta este domingo 25 de marzo en el hp pavillion de san jos.. la obra empieza a las 7 de la :35 secs. o.c. otros proyectos. take full screen 'aventurera' se presenta este domingo 25 de marzo en el hp pavillion de san jos.. la obra empieza a las 7 de la noche. trt: 35 o.c. : "otros proyectos.' cesar ---de que estaremos conversando esta noche a las once blanca... blanca ---cesar estaremos informando sobre lugares donde estan ofreciendo trabajo... asi que no se pierda el noticiero a las once... ---tambien si usted esta buscando un medico, dentista u oculista... tambien le diremos a donde acudir sin pagar un centavo... ---tambien los legisladores mexicanos aprueban una ley que favoreceria a muchas personas explotadas... ---y nuestros enviados especiales a mexico nos estaran informando sobre los preparativos para la llegada del papa... ---asi que ya lo sabe... la cita es a las once... despues de

we're talking to the founder of share and post which just settled with the sec. more "fast money" up next. ♪ ♪ here we are, me and you ♪ on the road ♪ and we know that it goes on and on ♪ [ female announcer ] you're the boss of your life. in charge of making memories and keeping promises. ask your financial professional how lincoln financial can help you take charge of your future. ♪ ♪ oh, oh, all the way ♪ oh, oh a living, breathing intelligence teaching data how to do more for business. [ beeping ] in here, data knows what to do. because the network finds it and tailors it across all the right points, automating all the right actions... [ beeping ] ...to bring all the right results. it's the at&t network -- doing more with data to help business do more for customers. ♪ >>> welcome back to "fast money" live at the nasdaq market site. the sec looking into firms trading ipo shares to the private market. the shares post market place. herb greenberg has been all over this story and he joins us now with a special guest. >> thanks, michelle. greg broger is the ceo. th

congratulations sec, good job. however, if it's financial terrorism, and this is being done by another nation to destroy our economy, by the chinese to destroy our economy, do you think we can wait six years before we bring enforcement action? the naked short selling is a secret weapon. it was used. i will give you an example. the amount of short selling on lehman brothers, the venerable investment firm founded and ran around for one plus years survived two world wars, survived great depression, and that you cleaned up its problems, they had some problems in march, february march but they clean up the problems, but i'll she was pretty decent. christopher cox was ahead of the security exchange commission's ability and find that happened with lehman brothers was a crisis of confidence. they could have survived before harvey pitt who's the former head of the sec said the massive amount of naked short selling, he said we used to call that fraud. lehman brothers that went down that was the linchpin that george soros sai

march madness, vanderbilt playing on sunday for its first sec title since 1951.ommodores would have to get through number one kentucky, a team loaded with future nba players. kentucky in the middle of a 24-game win streak that started in december. down in new orleans, lamb, bad pass picked up by vanderbilt. jenkins finds lance goldborn. kentucky did retake the lead. terence jones fakes the jumper. nice move. throws it down with the right happened. kentucky up 54-49. we started to get worried here. would the cats run away with it? vanderbilt was tough. the game tied, lead with the free-throw. completing the three-point lead, we held on, somehow, did vanderbilt, winning 71-64. that's the head coach kevin stallings overcome with emotion after the game. he just beat the best team in the country. speaking forev their first sec title since 1951. florida taking on fourth-ranked north carolina. michael snare to the basket, his floater short, james there to put it in. kendall cuts the lead to 1. florida state scores on its next possession. with 3.3 seconds left, carolina,

based upon the sec information, the department processed those permits.rom a process viewpoint, we deny here. the board recognizes the short coming from article 11.09b and establish article 25 of the public works code, which requires specific review requirements for the planning department depending on the site location, as well as the notification department based on -- notification requirement based on the size of the equipment. in this case, based on article 25, given that they were residential areas, planning to review it cannot based on the size -- to review it, based on the size of the equipment, they plan to review it. however, there was no error found it and we would ask the commissioners to " -- to uphold the approval. >> i think i just heard that the permit holder conceded that jurisdiction should be granted. are you sticking your position? >> the permit holder can have that perspective, but the department believes it did nothing wrong. >> the permit holder has one year to initiate work, or to fully installe? >> under 11.09b under the department

and should the sec boot rush limbaugh from the airways? some say yes, but others say no. should there be bosses in switzerland? what are you crazy other people who say no. >> welcome back, greg. >> thanks, andy. >> everything go okay? >> everything went fine, thanks for asking. >> so you took care of the thing? >> it is all taken care of. >> the guy was cool with everything? >> totally cool with everything. >> we can go back to the place? >> anytime we want. >> that's great news. >> except for one thing. >> what is that? >> the thing is not taken care of and the guy is not taken care of, and we can't go back to the place. >> other than that? >> other than that it is all settled. >> welcome back. >> see you later. i hate him. she is so hot that saying her name can spark a forest fire on the moon. i am here with diane ma say dough -- macedo. she is on weekdays on fox business network. if you don't have it -- >> demand it. come on, people. he is so sharp he uses a pin cushion for a pillow. it is michael money gnaw han. and he is funnier than a mime stuffed in a troll doll st

nat sound --- wait for cue :05 secs ---estas imgenes muestra como decenas de alumnos, entraron y ocuparoncapitolio y amenazaron con quedarse ahi, hasta que cumplan con sus exigencias. ---esta otra imagen muestra como la polica anti-motines tuvo que ser llamada en la entrada del edificio. ---los organizadore s calculan que mas de 2 mil alumnos provenientes de varias universidades del norte y sur de california, participaron en la marcha llamada "financien nuestro futuro". ---el recorrido comenz en un parque cercano al capitolio estatal, y termino en las escalinatas y dentro del recinto legislativo. cu ---un grupo de comerciantes que representa a los vendedores de comida ambulantes decidieron esta tarde que contratarn guardias de seguridad. take vo ---segun su portavoz, la mayoria de los 126 miembros, han sido robados en algun momento u otro. ---el momento decisivo fue la noche de aÑo nuevo cuando gabriel martnez de 5 aÑos fue baleado, cuando acompaÑaba a su pap a comprar comida. ---los comerciantes, tendran que pagar entre 400... a mil 200 dolares por mes para tener a los guardias presentes

[inaudible] -- with the sec, please?has consulting relationship with the sec. >> it was always an informal relationship. he was sent a a noted figure in the security trading industry. that's another to retail investors because suppressing if he didn't have any retail customers. he was a behind-the-scenes guy, and infrastructure guy. so the fcc consulted him and his brother frequently about rulemaking that would affect wall street trading. he was in the vanguard of pushing towards more automation of treating, 24 hour trading, globalized trading, things that have all come past the madoff was an advocate quite early years so he would serve on advisory committees, roundtable discussions. he would be part of the delegation that the industry would spend the fcc to argue that sun will change or another. but he never had official consulting relationship with them. >> how important was the notion of affinity fraud? i am from minnesota and at least in minnesota a large part of the jewish community was involved, not so much because

not know if it is currently functional. >> we do know that we will bring it into compliance with the sec. we have a model that was given to patrik in the department of public health showing it will be in compliance. and because we have other sites with this configuration dropped the city where we responded to president concerns and did testing, they have come up so low that they barely registered to be there. >> earlier when you were speaking, you talked about how the board's position on jurisdiction requests in the past -- i think the words you uttered were "should the board do that in this case, that is fine." >> right. cracks in a word, are you conceding that jurisdiction -- >> in a word, are you conceding that jurisdiction should be granted? >> under 1109b, there was not a process for jurisdiction requests. yes, we are conceding. >> have you done outreach to the people who have filed, the requestor? it seems the issues are two. one of them has to do with health issues and the other is esthetics. have you talked to them to allay their fears and help them understand what is offered by

and the people have to implement dns sec -- a lot of people have to implement dns sec. a number of our companies participate -- >> when is that do? >> i think the recommendation is due today. >> good. this congress has an extensive network to insure the security of our mobile devices and the networks their run on. i experienced this firsthand last year when i travel abroad as part of the congressional delegation and my device became infected during the trip. and the device never left me. i slept with the thing under my pillow. it was never out of my purse. it was never left in the hotel. nevertheless, it was an effective -- it was infected. as a company, what steps do you take to insure that your customers, particularly those in small organizations committed here to the same proactive security measures? >> we provide a comprehensive list of guidelines for committee duration of the device. -- for configuration of the device. there is a comprehensive set of policies, more than 500 of them, that and in minister can send to all aspects of the platform, -- that administers t

we were a lot of folks in the sec and enjoy doing that and have a lot of expertise. that is a tough question i don't know the answer. >> i don't know if there is any agency that has the right expertise to do that. to know the answer was we would be doing that so i don't think it is a knock on any one particular agency. i don't think there is any agency that has that kind of capability right now. >> mr. mahon? >> i would add the answer is nobody not think anyone does. that is the importance of collaborative relationships. you do need to bring people in from all sorts of the federal arena as well as the private industry every network together to the evil in nature of the threats in this arena. .. what terracing as far as threats, and the mets in the low while ago about the threats from outside the u.s. think that is a critical component. the went -- the other is for companies to share impression on present they are seeing, and that tiering house would have to be sponsored by somebody that the federal government is to the right place to do that. >> and that think you ad

today's action, sec title game, kentucky taking on vanderbilt. jones, a one-handed shot.andy would tie it. then with 90 second left, johnson explodes. vandy stuns kentucky. the commodore's first sec tournament title in 61 years, my september noalz beat duke last night. 11-22 from downtown. tournament mvp, had four of them. carolina had a chance to tie it. hairston for three. it's a brick. september noles -- seminoles win. >> ohio state and michigan state for the big ten title. brandon wood. 21 points, then guardrail green to clinch it. michigan state wins the big ten tournament, 68-64. >> stanford women find out their seeding tomorrow. they should be the top seed in the west. only one loss all season. and cal is hoping to get an at-large bid. >> the 49ers are getting a jump on the 2012 season as espn is reporting they will work out randy moss tomorrow. the 35-year-old is out of the league last year and says he is rejuvenated and wants to finish his career on a high note. would be the deep threat the 49ers are looking for and jim harbaugh can handle his prickly personality

second, we have the same problem that the sec has, except in spades.because we do not, by and large, require people to admit liability. we just took a consent for example in which we did not agree or we agreed to let these people deny liability. and i don't think that that's a good use of public funds at all. >> why is it that we don't require the admittance of liability? >> that, i don't know. >> is that a legal issue? the law prohibits that from -- >> a judge in new york has just brought the reikofp is his name, and he has to question the ftc as to whether they can legally have a consent that neither admits nor denies liability. now we have been taking those for years so i don't really have any problems with those. but i do have a problem with a consent that just simply denies that there is any liability at all. that's to me a cheap consent and i will not go along with it and i have told people that i will not go along with it. >> let me just say, i absolutely agree with commissioner rush that we need to have more cases in which we get disgorgement o

. >>> last night, the sec round of the women's ncaa tournament.lle and scored a game high 24 and with one point shy of her career high. the final secs, maryland leads by 3 and becky burke with a chance to tie and that block party. maryland holds on to defeat louisville, 72-68 and to earn a trip to the sweet scene and after the game, the head coach with high prize to lauren mensi. >> and you look at what she's able to do all season long for us in terms of her consistency and i told her she's taking her game to another level, which you see volumes of lauren in terms of her competitiveness and fire and the fact that she wants to continue playing in this tournament. >> and terps won nine straight. next up with texas a&m and the grizzlies sign gilbert arenas and going to make the league minimal. how the might have fallen. >>> thanks, now you have the news edge. the news is always on www.myfoxdc.com. fantastic night. go out and intoy it. be back at 10. the news edge. [ female announcer ] with xfinity, you can always expect more. like more on demand show

and mary shapiro agreed if you are hacked into as a company it goesebse at sec and that had a substantial impact, actually. i believe this provision is crucial for the market to help solve our cyber vulnerabilities. we'll fight for an amendment on the floor. that's as it should be. the way the system works. but in the interest of to addre questions i agreed to take it out of the bill we introduced this week. any suggestion that this exhaustive process has been anything but open and transparent is patently false. this has been a really open process. pointed out. why have we worked so tireless low to include the views of all sides? why have we tried so hard to get because our country and our communities and our citizens are at grave risk. they simply are. i'm not sure if they're aware. there are so many things, reported in a news cycle, it almost diminishes the overallin. so our citizens have to beep aware of this. this is not a republican, democrat issue, a life fothe ec people. i want to be clear, the cyberthreat is very, very real. this is not here is why. it is hard to talk about this s

right now joining me today we have alexis goldstein, current member of occupy sec. william company had an, author of "money and power: how goldman sachs came to rule the world." a contributor to bloomberg view. noam scheiber, author of "the escape artists: how obama's team fumbled the economy." welcome. 6:40 wednesday morning in london greg smith sent an e-mail to his bosses informing them of his resignation to the firm. 15 minutes later he announced his resignation publicly in an op-ed in "the new york times." smith wrote about the goldman sachs saying, quote, i can honestly say the environment now is as toxic and destructive as i have ever seen it. to put the problem in simplest terms the interest of the client continue to be sidelined in the way the firm operates and thinks about making money. the bonfire sparked by the bridge burning shines a harsh light to financial world, goldman sachs stock fell wednesday losing more than $2 billion in value. and smith's op-ed open ad conversation goldman sachs and others are beginning to close. whether the mega-banks were fo

more than 3800 full-time employees work at the sec. they make on average to utter thousand dollars per employee over there. the president's budget, which you support, requires $1.6 billion in 2013, an increase of 10%, 20%, 30%? know, an increase of 77% of 2008 levels and on top of that dodd-frank increases the budget by 40% which would increase it to $2.25 billion for fiscal year 2015 so the answer is not throwing more money into it. the answer is not more regulation on top of it. it's to make sure we do a couple of things. one drivers of fannie mae and freddie mac which this administration fails to do and secondly try to avoid war of hazard in the as well which this amendment and this administration failed to do and finally to return to the rule of law so that we have what? certainty the marketplace of businesses can know what the rules of the road are and get into the credit market and provide liquidity in the marketplace. marketplace. with that i will yield as much time as you may consent to mr. flores. >> thank you. the real proble

member two, what fcc requirements that are duplicative to sec rules violate the reduction act? and number three, while many others -- where are the equities and singling out only tv broadcasters fudge for such disk osha requirements on a plethora such as radio, newspapers, the internet, direct mail, outdoor advertising, cable television, satellite radio and tv, and many more avenues for voter outreach. i'm hopeful that we as policymakers can strike the right balance that can protect core political speech and encourage transparency without disproportionately burdening one of many outlets. finally all of us should be concerned with a well organized international effort to give an arm of the united nations known as the international token indication union, new powers over internet governance through the renegotiation of a tree. the internet has flourished under deregulation not only within our country but throughout the globe as well. some countries such as china, russia, india, iran and saudi arabia among many others are working hard to change that and we must stop them. thank yo

there's been a serious blow to the international hacking group and the sec after five of its members were eventually turned it by their own boss and supported the group's leader has been working for the f.b.i. for months former colleagues have now been charged with cyber crimes went to trial in new york is most famous for its support of wiki leaks and its attacks on web sites for them for the cia and credit card companies or the governments can't wait to get their hands on what they call on line offenders ahead of the u.k. the pirate party says the authorities are phoning the interests of corporations. one of the one of the things that's really interesting is that we're seeing how the free web is in fact pushing growth for artists but we're seeing that the growth in music sales is being pushed by digital it's being pushed by fact that there is free and open functioning one ip now what we have to realize is that it's copyrights a kind of law it's made from entirely difference set of circumstances it's really not that controversial to say that it is no longer fit for purpose in the dig

it shows up in consumers' phone bills but all that inexplicable language regarding sec fees taxes and funds and things and it's grown from about 5.5% in 1998 to 18% today. and that is a huge spike just in the past couple of years especially. in part because of increased spending, but also because ever the shrinking pool. so that the less of the tax base you have, the higher of rate is going to be. so it needs to be fixed, and fixed urgently. and my concern is it being an election year, maybe it won't get done as quickly as we would like. that's why i'm keeping the pressurer on and the chairman han been keeping the pressure on. then on the spending side i just addressed an association this morning actually of rural phone companies, and we talked a lot about this area. so for a lot of the rural phone companies -- >> you got have the meeting with them, not -- not the chairman, because i'm sure my folks were there. excuse me for interrupting. >> yes. 600 of them all at once from all 50 states i believe or most of the 50 states, anyway. and a very honest, open discussion. i know what they'

nat sound --- wait for cue :05 secs --decenas de alumnos entraron y ocuparon la rotonda del capitolioy amenazaron con quedarse ahi, hasta que se cumplieran sus exigencias. ---esta otra imagen muestra como la polica anti-motines tuvo que ser llamada en la entrada del edificio. --la polica arrest a varios manifestantes, que de manera pacfica, rechazaron dejar el lugar. --hubo informes de un detenido que traa un cuchillo y de otro hombre que fue arrestado tras subirse a una estatua. --se calcula que en la manifestacin participaron ms de 2mil alumnos procedentes de varias universidades del norte y sur de california. cu ---hoy se reanud la seleccin del jurado para el juicio contra el alguacil de san francisco, ross mirkarimi. take vo ---su abogado solicit un cambio de jurisdiccin, pues cree que su defendido no recibir un juicio imparcial por la publicidad que ha recibido el caso. ---tambin apel la decisin judicial de aceptar como prueba un video en el que aparece eliana lopez, sollozando y mostrando moretones en su brazo. ---el juez tambien decidio que la ex novia de mirkarimi, christina f

two of the team high 25 points and things are chippy in the sec quarter and under the basket, camby shoves him to the ground and doesn't like it to much. he pushes back and gets a technical and camby is tossed from the game. cooler heads prevail and the wizards are late in this game, off of the bad pass and portland is off and running. aldridge are you dunking and adds 10 rebounds as the blazers beat the wiz, 110-99. >>> and a split squad game for the nats and tigers and this is -- still crawford and we'll show you the lefty. okay and here we go. come -- come o ross. you have to be quick or that and going to win this battle. the first, tigers leading 1-0 and nats this had to deal with justin verlander and gave up three hits in four innings of work and the nationals corey brown got good wood against the closure and he jerks one to right and the nats and tigers end in a 5-5 tie and no winner is necessary in spring training. >>> mls soccer is back and with the match against sporting kansas city and that is featuring the highest teams a year ago and there is not a lot of that going on and this

one is that the sec disclosure regulations are arguably incomplete. to some degree the sec has basically said that unless a donor earmarks a contribution for a particular campaign expenditure, the organization, the super pac doesn't have an obligation to report that. so you could theoretically have a donor give money to a group for overhead and say well, it wasn't really for a specific ad and so we the members of the public wouldn't necessarily know who funded that group even if a lot of the money went to a particular campaign ad and the latest crop of super pac have found ways at least of deleting reports of receipts in key junctures and a great number of them -- excuse me, i want to say hi to mimi. hi, mimih >> hi. >> welcome. >> we jumped in so i'm going to keep talking. >> no, i think that's good. >> as a civil rights attorney i had a little first amendment slow me down a little bit today. >> there you go. [laughter] >> so these super pacs many of them have decided instead of reporting on a quarterly basis they're going to go to a monthly reportin

. >>> sec final top ranked kentucky facing vanderbilt. rebound to miller, finishes with a dunk. over a minute to go, tied at 62. johnson drives. the reverse plus the foul. 71-64, ending the wild cats' 24 game winning strategic. despite the loss, kentucky is still the number one seed. >>> time for a quick break. when we come back, the capitols have come on strong this week. can they keep it up? we'll see you after the break. okay, people, let's get started. pete, , did you forget yours? me pete, me use pen! (laughter) sorry i'm late, i was in the 16th century looking for pete's pen. (laughter) guys, guys. take it easy, ok? pete's mom is videochatting me, and she wants her pen back! ok, alright, well. i just got one. so... yeah, you've got a little... yep, i can feel the wet patch. don't look at it. when it's on your mind, it's on ebay. now with amazing tools like the hd station. share your pictures, stream hd videos and movies. all on your tv. or connect your 4g lte droid razr to the lapdock and unleash its massive computing power. even seamlessly video chat. all powered by the 4