the f.c.c.'s proposed rule will require broadcasters to unwind existing agreements, something unprecedented and amazingly disruptive. this is yet another example of how broadcasters are forced to play by one set of rules while the rest of the video industry plays by another. and the real issue here is competition for local advertising dollars. television stations fiercely compete, not just with each other, but with cable, internet and mobile. although the f.c.c. and d.o.j. have said broadcasters dominate local advertising, you can see in this chart that we put on the wall that we are seeing and expecting big gains from our competitors. the chart proves that today's local advertising market is by far more than just local tv but unfortunately we're being egulated like its 1960 -- it's 1960. and for all of those entities taking revenue out of the community, local broadcasters are the only ones putting it back in through local news and community service. strangely the f.c.c. apparently doesn't have t

the f.c.c. to undertake two separate proceedings, mr. speaker, the first requires a notice and comment rulemaking resulting in the f.c.c. adopting rules to address several different reforms. setting a minimum time period for comments in an f.c.c. rulemaking, that allows for certainty for those who wish to comment, the public. in addition, adopted rules must address issues like data dumps at the end of a comment period. transparency as to items pending before the commission. and publication of the language of proposed rules, all those of are very important parts of a more open and transparent government and a process that taxpayers can rely upon. rulemaking also requires the federal communications commission to adopt deadlines for action on several types of filings before the agency. as i know all too well from my own experience, having been regulated by the federal communications commission when my wife arnede in the radio industry, -- and i were in the radio industry, items can sit at the agenci

i am, however, very concerned by the f.c.c.'s recently announced plans to dump join sales agreements into their local media cal clue lations without first completing their statutoryly required quadrennial review of the marketplace. up in fairbanks, alaska, all four tv stations are operated from the same group of quan sit huts to share costs and create efficiencies to allow the stations to provide a variety of news and entertainment to this city of a whopping 32,000 people. after the j.s.a. it's unlikely the community could support four television stations. i also draw the committee's attention to a recent "wall street journal" op-ed that includes the community's served by the nation's only african-american owned full broadcast station. i'll introduce that later. and local broadcasters like bob singer, general manager of several local television stations in my district, there is a positive role for consumers in joint service agreements. unfortunately, narme wheeler is putting the g.s.a. cart before the media ownership horse. fede

bush the f.c.c. classified broadband internet access companies provided by companies like verizon as an information service this is something that colin powell did when he ran the f.c.c. he's now the chairman by the way of the telecommunications lobby industry got very rich because of this in two thousand and five the supreme court upheld michael palls decision to make that and the and the f.c.c. is power when he was the head of it to make that classification and in two thousand and ten when the f.c.c. issued an open internet order to protect net neutrality they neglected to define internet service providers like horizon as common carriers and that was a huge mistake in the d.c. circuit court struck down net neutrality on tuesday it said that because the f.c.c. defines companies like verizon as information services net erat net neutrality something that's mandated for common carriers was unnecessary. the stakes couldn't be higher bottomline modern life and our modern economy depend increasingly on th

states, the f.c.c. where they were meddling in paying off leaders in the ukraine and venezuela. in the ukraine they were adding money on to a tax that supplied all the people -- you had mentioned that the people who were supplied their -- so the f.c.c. filed the lawsuit against them. in the e being paid off crew crane and the venezuela. and they settled out of court. like $140 million. this just happened in december of 2013. d then we've heard all the calers talking about the state department. she actually in a phone conversation -- you know, to the e.u. in that same conversation she's pointing out the preferred new leader of the ukraine who happens to be in power now who we give the title of prime minister when indeed it was a forceful takeover. host: the f.c.c. has this on their website from december 2013. the f.c.c. today charged global food processer archer-daniels-midland for -- failing to pay . ukraine has been called a kleptocracsy where it was not an apparent form of doing business. i mentioned h

under the f.c.c. regulations, they have to keep all of these numbers of all of their customers for 18 months. what we are doing is saying, number one, we are passing the r.a.s. test and looking at each case. individually, with judicial review. that is not the case in the program. we are going to individually court test. they aren't doing anything different than they are doing now and we are not forcing them other than the warrant which will pass the r.a.s. test. the phone number we need. for example, the terrorist from yemen calling into the united states. >> yes, ma'am. >> you had mentioned that you had worked industry in the past five months. what was their reaction to this proposal and are they asking for some kind of compensation for whatever work they'll have to do on their end? secondly, how does your proposal differ from what the administration wants to see? >> well, again, we provided -- i will start with the administration piece first. we have been working on it for nine months. it's within ou

or now the f.c.c. is tasked with protecting the consumers interests yet during this defining moment in telecommunications history they've basically decided not to show up to the party f.c.c. on this show we call that a bust. sonier cars a clunker and you want to know why you either sell it or you junk it with your junk it it's out of sight and out of mind for you at least but after your car is drawn to a whole new journey that makes someone somewhere oh out of cash yes the economy of junk it might not be the sexiest thing in the world but the numbers behind it's dirty façade may surprise you out a mentor author of the book junkyard planet examines the junk trade and how it effects the global economy now we spoke with adam a couple months back and we're fortunate enough to have him join us again last night the a shanghai came on the show but i don't brings us his update his updated perspective on the underlying trends and what they were below the global economy it's pretty interesting stuff here's what h

. >> his efforts caught the attention of the f.c.c. whose commissioner vowed to look into the matter. a survey released this week revealed tens of thousands of hotels don't allow guests to call 911 directly from their rooms. speaking at the 911 goes to washington conference on monday, commissioner said in part... >> the issue is more common than people may think. >> for every day that goes by without federal legislation to finally resolve this problem, millions of americans in hoe tells, college dormitories and ordinary office buildings were put at risk because they can't reach 911 effectively. >> updating systems to support direct access to 911 could potentially save lives, he said. hotel general manager cj clayton took matters into her own hands at the newly opened suites in long view texas incident. >> the nature of my business is to make people feel safe. i have children also. i would not want my child having to feel like she could have saved my life if she had dialed 911 and she was unable to do that because of our system. >> confi

under the f.c.c. regulations, they have to keep all of these numbers of all of their customers for 18 months. what we are doing is saying, number one, we are passing the r.a.s. test and looking at each case. that is not the case in the program. we are going to individually court test. they aren't doing anything different than they are doing now and we are not forcing them other than the warrant which will pass the r.a.s. test. >> yes, ma'am. >> you had mentioned that you had worked industry in the past five months. what was their reaction to this proposal and are they asking for some kind of compensation for whatever work they'll have to do on their end? how does your proposal differ from what the administration wants to see? >> well, again, we provided -- start with the administration piece first. we have been working on it for nine months. it's within our jurisdiction and responsibility and we believe it's important to talk to all of the stakeholders to make sure that this works. we believe from what

. >> charlie: tom wheeler is chairman of the th f.c.c. suggested he wants to make surei there's competition in the market so he's not in favor of mergers between spinet and t-mobile and you own sprint, so therefor, you would have a huge position in the american market. >> yeah. well, look, you know, there's two big businesses and they take more than 100% of industr theÑi. so here comes the two little ones who are not able to fight. so i think that's not good and something needs to be changed. >> charlie: if somebody could make a deal and had sprint and then t-mobile, what would you be able to do as a carrier in the united states? >> well, look, we need a certain scale, but once we have enough scale to have a level fight, okay -- it's a three heavyweight fight -- >> charlie: well, you like that, don't you? >> yeah, i would like to have the real fight, not the pseudofight. i would like to have the real fight. if i can have a real fight, i have a price war. >> charlie: that's your pattern, when you get a stakehold, you undersell everybody. >

group and the intercontinental exchange group or ice and the f.c.c. meanwhile is investigating whether stock exchanges provided advantages to certain clients including high frequency traders by designing software probe. as they give preferential treatment to their orders computerized trading systems have come under scrutiny in recent years it's important to note that and they've also been tied to the flash crash on may sixth of two thousand and ten this is when stocks took a nosedive and recovered in a matter of mere minutes however market watchdogs have done little to purchase such types of trading before now that is and one thing is for sure the lucky streak of high speed trading may soon be coming to an end. patrick byrne caught the attention of the entire internet world this past december when he announced that his company overstock dot com was going to accept the crypto currency bit coin as payment for items purchased on the site now this made overstock the first major internet retailer to accept payment three months later and over stock has rack

with and again you know who is in charge is it is it eric holder is it department justice is it the f.c.c. who can step in and say you know what nothing about because think of it why should we allow a bank to prey upon a public sector entity with officials who really aren't sophisticated investors they don't have the competency to judge these transactions it's not a suitable transaction for the entity and moreover it was designed to help the city of aid a legal debt limit put in place by the state legislature so that grace right when they got into the air are very similar to agree totally fraudulent goldman sachs john paulson hedge fund manager right leadership of grace and involved in a crime to false wrought credit all swap fraud if you read the complaint filed by the city of detroit at the behest of the judge by the way the judge essentially forced the city to sue the banks and the pension funds it's pretty clear what went on here and the sad part max is that these transactions delayed the bankruptcy filing by a couple of years the city could have been much further along in getting its

monitoring of the associated press their phone calls plus there was the recent very creepy thing with the f.c.c. wanting to go into news rooms and see how the news decisions were made knowing you know they ended up backing off on that when they got. enough bad president of that's been i think wildly miscarriage all the money you know the hysterical talk radio guys on the royle now yeah oh my god is the obama regime through they were just well you're out what's going on ok. come on tom that's probably they were probably you know was probably going. to go further than that but nevertheless given given the overall the bomb and ministrations record when it comes to freedom of the press i don't think rises that far off the mark i mean this is not going to have not been a time to bring back the fairness doctrine. what does that have to do with the service doctrine which is not how it's typically characterized it didn't say that if you have a conservative liberal what it said was news media have to act in the public interest. they have to actually report news ok well the end result of it with oh was t

or the serious fraud office or the f.c.c. or anyone else fin rennes fin sent you don't need them because it's self regulating in the truest sense of the world the words like the question equals mc squared there's no there's nothing you can do to perfect that is what it is it was discovered and that's what it is that you don't need a regulator to come and say we need to regulate equals mc squared similarly with a bit coin protocol there's nothing any regulator can do to add or subtract from the fact of the protocol what it is that's what it is so we're talking about china and the corruption there were forty one new billionaires created last year they're only second to the united states where there were seventy two billion new billionaires created so i want to talk about corruption in the united states because everybody us is the global police force right well political connections and turbulent times and a seminal two thousand and one paper ray fiske been mapped out the connections of various indonesian companies to then presid

sure it will have started the first time it was started to pay for the s c c d r said well we have the f.c.c somebody has to be somebody has to be over with asked me some oversight of wall street and in order to pay for the oversight you had to have some way to pay for it and so this was one methodology that came about unfortunately in our generation we've ignored the importance of this of this financial tax it's really very small i mean talk about point zero three percent of a tax and it's a tax this really designed for a couple reasons it was this this latest room decision was introduced by senator harkin in sooner de fazio and what they were trying to get at was this first of all they were trying to raise some money from the most lucrative industry in the world but we sell goods everybody sells goods everybody's taxed on selling goods but you know what wall street really isn't and so so harken came forward with this and all he did was just kind of looked at the history of what had happened with his financial tax in the past. it was to raise money but more importantly it was to control the

the heads up about fannie mae's on coming bankruptcy or how about tom wheeler the former telecom lobbyist and current f.c.c. chairman is refusing right now to regulate the internet as a common carrier something that could keep it open and free for generations who knows if we look each this up you might get a cushy cob cascade once he leaves as if c c post those are just some obvious examples but i think you get the point businesses do have a role to play in our society but because they're alternately only interested in making a profit or government needs to keep businesses in check with the fire wall of regulation and when that fire wall is breached it has been time and time again by people like michael taylor and paulson tom wheeler the results can be devastating in the case in north carolina right now the results are literally disastrous republican governor pat mccrory who for twenty eight years was an executive at duke energy the nation's largest utility when he took over the north carolina governor's mansion last year he said it was time to change how the state regulated energy companies he said the st