>> well, this is a matter over at the f.c.c. and i'm not in a position to speculate on those positions. >> and the company has proposed several possibilities including possibly swapping interfering spectrum. do you believe -- do you think there is any spectrum that mpia manages that might be available for this? >> again, that's a matter initially between light squared initially between light squared and the f.c.c. if light squared wishes a credit proposal for the f.c.c. for a swap that might involve credit use, it would certainly respond to any request from the f.c.c. to any request from the f.c.c. to work through those issues. i'm aware of one band of spectrum that's on the other side of spectrum that light squared has that they have indicated some interest in. but that is actually a shared band. it is used by federal agencies as well as by a lot of as well as by a lot of commercial aerospace companies. again, i think, one of the first questions that would have to be addressed is the extent to which companies such as boeing and

you know this is outrageous that the f.c.c. is begging goldman the to right up to find that they're comfortable with yeah it's sort of actually you know saying you know what you guys are shameless lawbreaking thugs banks are scum and how about we bring it out of sparks and back yeah you know i love these chinese banks who give you know they take a break or sell back and take you to kill them that's a deterrent death is a deterrent now speaking of technical violations we have some more technical violations from another big day you and me you kill me over here technical violations where you. don't need the technical violation of the loop so this approach of the ok if i can park anywhere i was to let a body know what is marked on the i don't give a good tag good that's me i don't need to carry out a lot of well these are technical violations from the other big. mystery who is a bigger group bob then we pull soon look good for. new york good news the low it's j.p. morgan state we've got to use the ships of the. this is like a little

and the f.c.c. have all now decided that google did no evil maybe all the hobnobbing here in washington is helping the tech giant out so joining me to discuss is declan mccullagh chief political correspondent for c.n.n. dot com thanks so much for joining us tonight and i guess first starters you know what's your take just on the f.c.c. this decision here in terms of a twenty five thousand dollars fine saying that google didn't really help out with the investigation by finding that they didn't violate any laws that kind of a slap on the wrist. well see it's not even a slap on our wrist i mean twenty five thousand dollars of the f.c.c. thought get google really did something wrong about twenty five million dollars find something to make them pay attention but sunny five sounds it is more is the f.c.c. thing we can't get away with anything more it's a weird outcome and i think the f.t.c. just trying to justify spending a lot of that time on this so what do you think about this now unredacted version of

of the f.c.c. says that this is the only industry ironically that's what's making that argument it has to stay in paper it rusty file cabinets under the receptionist desk now some of the art arguments from that some of the networks seem kind of ludicrous on the surface admitting you say we don't have the manpower to do it right i'll take too much time job killer. seems like it's giving somebody a job because they were failing giving somebody something to do with a buddy creating more awareness really what do you think is behind it what are they afraid of well it's a couple of things first of all the rule is going to basically make the data available about super pac spending which which is that the market rated you don't get a discount for that candidate spending. video news releases were basically a company a corporation could make their own video and give it to the network of the network base and slaps their logo on it and then there's a little disclaimer maybe or maybe not and then and then you kn

poor bureaucrats to do most government but you know this is outrageous that the f.c.c. is begging goldman to to write up the fine if they're comfortable with yeah it's sort of actually you know saying you know what you guys are shameless lawbreaking thug banks are scum and how about we bring it out of sparks and back here you know i love these chinese banks who give you know they take the breakers out back and like to kill them that's a deterrent death is a deterrent now speaking of technical violations we have some more technical violations from another big day you and me you kill me over here did took the girl violations were you prepared to go boots i don't need the technical violation of the note so this approach of the goods ok if i could park anywhere on was the little boy you know what is bucktown i don't give a hoot back good that's me i don't need ok i don't want to well these are technical violations from the other big. on the street who's a pretty good group bob. cole sued look good for over good. good good little j.p. morgan stanley guy with a god he's the sh

you know this is outrageous that the f.c.c. is begging goldman to to write up the fine at their cough the bill with yeah it's sort of actually you know saying you know what you guys are shameless lawbreaking thug banks are scum and how about we bring it out of sparks and wacky you know i love these chinese banks who give you know they take the breakers out back and like to kill him that's a deterrent death is a deterrent now speaking of technical violations we have some more technical violations from another big day you and me you kill me over here did technical violations graham a go go boots technical violations little so this approach to look ok if i could park anywhere although i do still live audio what it is but. that's me i don't need ok i don't want to well these are technical violations from the other big. on the street who's a bigger group bob. paul says bluebird fun. look the look is j.p. morgan stanley guy he's the shiksa of the. this is like a little blow on their little piece to me below the table to respond dollar

new york now they said the f.c.c. said these meetings the so-called huddles these little cuddles and boy blank feinstein happened between two thousand and six and two thousand and eleven they do leave out a very important huddle or several huddles between lloyd blankfein his traders and their analysts and sir. treasury secretary without the racks paulson i mean you go to the two thousand and eight period we find out later that paulson thanks to a whole with the insiders on wall street told folks that the government was going to be bailing out these institutions printing money to do so the banks all crippled and quadruple during that period of time based on hoddle between thank paulson congress and wall street and billions of dollars were siphoned out of the economy and put into the pockets of few folks to use most of that money to pass laws to make it easier to commit the same crimes over and over again yes those hurdles you were talking about with hank paulson they were actually involved and he met with these bankers

(laughter) the f.c.c.estigated these shenanigans and that's when (bleep) got real. >> the f.c.c. saying they wanted to know from google who are the employees who were involved in the engineering of this and what teams were they working on and what sort of correspondents? google saying basically we don't want to tell you that. >> jon: oh! oh! well, if you don't want to tell anybody you should just put that information on google+ because... (laughter). nobody will ever! (cheers and applause) come and get me google! yeah, google, what's up? yeah, i'm a lycos man. altavista? what? i guess i'm old is what i'm saying. google, government's going to come down on you like a ton of bricks. i hope you got disaster insurance because you're about to get tore up. >> the f.c.c. did slap a fine on google of $25,000 for failing to respond to their request for information. >> jon: boom! 25 large! that's... nothing. (laughter) for google. google makes $25,000 in the amount of time it took know say the words "twenty five thou

also still ahead our whistle blowing enthusiasm goes bust as the f.c.c. inadvertently revealed the identity of one of its own resources we'll give you our three cents but first your closing market average. you just put a picture of me when i was like nine years old i'm going to tell the truth. i'm a confession i am a total get over friends that i love driving hip hop music and. he was kind of the jester day. i'm very proud of the world without you she has played. oh. oh. oh. you know sometimes you see a story and it seems so. you think you understand it and then you glimpse something else you hear see some other part of it and realize everything you thought you knew you don't know i'm sorry welcome to the big picture. what drives the world the fear mongering used by politicians who makes decisions to break through it's already been made who can you trust no one who is human view with the global machinery see where we had a state controlled capitalism is called sessions when nobody. dares to ask we do our t.v. question more. all right welcome back we're tal

also still ahead our whistle blowing enthusiasm goes bust as the f.c.c. inadvertently revealed the identity of one of its own resources will give you our three cents but first your closing market numbers. will be the true science technology innovation all the latest developments from around russia we've got the future covered. she could leverage surely to mccurry was to build the world's most sophisticated robot which fortunately doesn't give a darn about anything tim's mission to teach music creation why it should care about humans and world this is why you should care only on the dog. all right welcome back we're talking to bob inglis contributing editor of their hedge and economic policy journal and he has discussed with us before this idea that the there's a wall that the fed will run up against when the market begins to demand a higher return on the reserves that the fed has created and this creates a perverse situation where the fed would have to print money in order to prevent runaway inflation in other words it would have to raise the interest it p

also still ahead our whistle blowing enthusiasm goes bust as the f.c.c. inadvertently revealed the identity of one of its own source is will give you our three cents but first your closing market numbers. are sure is that so much. i mean if you would like to have a real. hard to deny something or in this happening in french politics with president nicolas sarkozy fighting for his political life what is the future. sometimes you see a story and it seems so you think you understand it and then you glimpse something else you hear or see some other part of it and realize that everything you saw you don't. park is a big issue. all right welcome back we're talking to bob inglis contributing editor of zero hedge an economic policy journal and he has discussed with us before this idea that the there's a wall that the fed will run up against when the market begins to demand a higher return on the reserve that the fed has created and this creates a perverse situation where the fed would have to print money in order to prevent runaway inflation in other words it woul

meetings mr course and had with finra who actually stood from what i'm told stood up to a course on the f.c.c. pretty much back to down and there was debate there was dissent from what i understand within the c. f.c.c. as to whether to give mr corps car plants was definitely a fight and it's just amazing mr john cores and probably has more influence in washington d.c. than any trader i have ever known and never had no. of course and personally and mr malone we have to leave it there the rest is of course history but important lessons as we look at regulation they continues to be. need or a lot beads so that it doesn't even get to the point that it had in the first place as i believe the volcker rule illustrates thanks so much that was mark maleng author and host of the uncorrelated and best in show. it's friday so time for viewer feedback in this week is a loose change dedicated your feedback as there were a lot of comments that caught my eye so earlier this week we talked about the expansion in drone education as it becomes a college major routes rules with quite successful looking prospects

. >> brown: then, two takes on internet security: we look at google's street view project, as the f.c.c. accuses the tech giant of collecting personal data without permission and failing to cooperate with its investigation. >> suarez: and from southern california, tom bearden reports on a government-funded laboratory working on ways to prevent and defeat cyber attacks. >> usa scientists are trying to bring the power of science to cyber security. >> brown: ps, margaret warner examines the scandal that sent 11 of president obama's secret service detail home from the latin american summit in colombia after allegedly soliciting prostitutes. >> suarez: and as the pulitzer prizes for arts and journalism were announced, we talk with kristen graham, part of the "philadelphia inquirer" team that won the public service award for reporting on violence in the city's schools. >> brown: that's all ahead on tonight's newshour. major funding for the pbs newshour has been provided by: moving our economy for 160 years. bnsf, the engine that connects us. >> citi turns 200 this year. in that time, there ha

favor of bringing in administrative action against egan jones in what would be an unprecedented move the f.c.c. could seek to punish the firm by stripping it of its ability to issue officially recognized ratings on securities tied to government debt and asset backed deals an f.c.c. spokesman declined to comment the move stems from alleged material misstatements even jones made when it applied to regulators in two thousand and eight to rate bonds issued by countries u.s. states and local governments and asset backed securities what is perceptions run the economy the rating agencies are supposed to cut through the smoke in the mirrors give a rating that gives investors an opportunity to do some analysis to do some comparative shopping so here is the government stepping in and saying it again jones you're an independent rating agency you don't take money as the others do for your ratings we're going to take you off line basically because you refuse to acknowledge that the king the u.s. economy is fully closed you are saying that maybe the economy is think it. the other issue here is the fact that

the f.c.c. expects the rule to be passed in time for this year's race. >> susie: we wrap up now our weeklong look at the power of the internet, and how it's bringing people together to accomplish tasks in ways that were never possible with large organizations and businesses. tonight, we talk with the man who coined the phrase "crowdsourcing." jeff howe is the author of "crowdsourcing: why the power of the crowd is driving the future of business." >> hi. >> why don't we begin by you giving us do you think is the best example of >> crowd: sourcing in action? >> that's easy, and it's wikipedia, where you literally have hundreds of thousands of people in dozens of languages creating the largest collective body of knowledge in human history. >> susie: that is-- >> at no cost, by the way. at no cost, i said. >> susie: right, no cost. now, there are a lot of other >> crowd: source activities that lead to crowd funding, and these crowdfunding sites are popping up like dandelions on the internet. why is t

to be loved good of you but you know this is outrageous that the f.c.c. is begging goldman to the right up the fine at their craft a bill with yeah it's sort of actually you know saying you know what you guys are shameless lawbreaking fog banks are scum and how about we bring it out of sparks and whack you get out i love these chinese banks who give you know they take the breakers alpaca like they kill oh that's a deterrent death is a deterrent. photos of american soldiers posing with corpses and body parts of dead afghans have emerged in the us the images attained by an american newspaper appear to be the latest example in a series of extreme very just of discipline by u.s. troops. look savvy in fact it may have on their position in afghanistan. they show soldiers from the eighty second airborne division posing with the limbs and or corpses. of the suicide bombers back in two thousand and four example one picture shows two shoulders holding a dead man's hand while raising his middle finger i know there are pictures shows soldiers leaned over the body of a

you know this is outrageous that the f.c.c. is begging goldman to to write up the fine if they're comfortable with yeah instead of actually you know saying you know what you guys are shameless lawbreaking thawed banks are scum and how about we bring it out of sparks and wacky you know i love these chinese banks who give you know they take the breakers out back to late to kill oh that's a deterrent death is a deterrent. because reporters a bit later today for now syria and the u.n. have agreed on rules governing an advance team of international monitors the u.n. chief wants a team of three hundred people it's clashes between regime forces on the rebels continue despite a ceasefire civilians are being forced to a safe place both inside and outside syria's borders and also use orks on a boy to follow those displaced by the war. whether it's battle for freedom or against terrorism for those caught in between it's produced only losses cans of thousands of syrians are proven from their homes left at the mercy of strangers for their ba

you know this is outrageous that the f.c.c. is begging goldman to the right of the fine at their craft yeah it's sort of actually you know saying you know what you guys are shameless lawbreaking banks are scar and how about we bring it out of sparks and. you know i love these chinese bad . who'll give you know they take the beggars alpaca lake to kill on that's a target death as a deterrent. syria and the un have agreed on rules governing in advance team of international monitors observers will support a suspicion of violence or sporadic clashes between regime forces and rebels continue despite a ceasefire that is of some a boy who was forced to flee the city of daraa in the south west of the country because of intensified shooting. it is known here as the so-called cradle of the serious revolution because it was the scene of the first mass rallies against the assad government this is one of the most military communities in syria these days you can see the checkpoints and almost every corner there are snipers on the roads becomi

you know this is outrageous that the f.c.c. is begging goldman that the right up to find it they're called the ball well yeah instead of actually you know saying you know what you guys are shameless lawbreaking banks are scum and how about we bring it out of sparks and back yeah you know i love these chinese banks who give you know they take the bakers out back and they kill oh that's a deterrent that there's a deterrent. right now starting with iraq let's get to the world cup in here at all to some of the international news in brief we understand that a series of moments actually cross the country have killed at least thirty and left around a hundred others injured officials say extremists launched a ten attacks in the capital as well as in the country's north a car bomb and two roadside explosions which went off in baghdad targeted mainly shiite neighborhoods. sudan's president has threatened to oust the government of south sudan saying people should be liberated from it as comes forward a plus years after the south seized the

you know this is outrageous that the f.c.c. is begging goldman to write up the fine if they're comfortable with yeah it's sort of actually you know saying you know what you guys are shameless lawbreaking fog banks gone and how about we bring it out of. you know i love these chinese brands who give you know they take a great result back a big day kilo that's a deterrent that there's a deterrent. now and it's time now to take a look at what's happening in the oil business we're crossing over to our business desk and katie's there was the latest so asian markets are trading still trading what's going on there was pretty much the same not so they lost and they're still far too much makes you got the nikkei down that softer rising the most in three waves on wednesday and the losses are also inspired to proportion the fastest export prices and they get on a smaller than expected trade deficit i was also got news from europe as well taking its toll really on investors' minds because of bad loans by spanish banks and that's ahead of the

rather ten q it's like the equivalent of regulatory flatulence and then the f.c.c. takes a look at the hold their nose oh use jamie's ten k. again let's hold our nose he said just a big bag of dog poop again so let's move on to another practice of being jamie diamond j.p. morgan chase says it's charged some accounts debit cards twice j.p. morgan chase apparently double charge them debit cards so it's actual cash it's not credit and they blamed a computer glitch well that's the new repos scam remember lehman brothers a repub one of the little pet banks they had on their side from a cold nettie to the over i borrowing from and these are three words on this overnight commercial paper repo market so jamie diamond the banker of the individual that people hate he's figured out you know what let's just debit a bunch of credit cards over and i will take that as a repro will roll over some commercial credit other on the floor i should say and then we'll come back tomorrow morning and say it was a glitch but we have these your money over to be rolled over in bed. but this is a

you know this is outrageous that the f.c.c. is begging goldman to write up the find at their coffee table with yeah it's sort of actually you know saying you know what you guys are shameless lawbreaking thugs banks they're scum and we bring it out of sparks and wackier but you know i love these chinese brands who give you know they take a great result back and like to kill him that's a deterrent to death there's a deterrent. crossing out of the world of business here our business and katie there with all the latest katie will europe remain under investor spotlight today really well marina i mean we've got so much going on today the main thing is the spanish bonds and we've had an increase in bad loans are some spanish banks really causing concern as well is that the u.k. and france will also be selling that that. a lot is going on let's have a look at the opening stages for the year. we can see that invests is the overall goal optimistic little footsie six tenths of a percent on the tax as well so thoughts so good. definitely be