pomposity -- tom's letter to the telecom world was communication technology. most of his lasting contributions had to do with satellite technology. satellite technology was the ideal disruptive technology for its time. it solved most of the problems that tied us to the constricted telecom world of 1968. it is like a tall radio tower. any place on the globe that can see the satellite can transmit. it has a lack of in with. it can carry a lot of tv signals at a low cost. he proceeded for the tasks he had in mind. it was opening up the telecom industry to new tv program voices, new opportunities for competition, and new services for consumers. to do this, he started with a simple idea that we called a policy that held any technically or financially qualified company could launch or operate a communication salad i -- satellite. in one stroke, adoption of this policy led to the entry of new satellite carriers. because of competition, nationwide connections were affordable for start up companies creating new cable program networks. like hbo and espn and mtv and ted t

the big telecom industry wishes she would go away, but she's got a lot of people on her side. act, if you go to the white house citizen's petition site, you'll see how fans of "captive audience" are calling on the president to name susan crawford as the next chair of the federal communications commission. "prospect" magazine named her one of the "top ten brains of the digital future," and susan crawford served for a time as a special assistant to president obama for science, technology and innovation. right now she teaches communications law at the benjamin cardozo school of law here in new york city and is a fellow at the roosevelt institute. susan crawford, welcome. >> thank you so much. >> "captive audience?" who's the captive? >> us, all of us. what's happened is that these enormous telecommunications companies, comcast and time warner on the wired side, verizon and at&t on the wireless side, have divided up markets, put themselves in the position where they're subject to no competition and no oversight from any regulatory authority. and they're charging us a lot for intern

"captive audience: the telecom industry and monopoly power in the new gilded age," by susan crawford. read it and you'll understand why we americans are paying much more for internet access than people in many other countries and getting much less in return. that, despite the fact that our very own academics and engineers, working with our very own defense department, invented the internet in the first place. back then, the u.s. was in the catbird seat, poised to lead the world down this astonishing new superhighway of information and innovation. now many other countries offer their citizens faster and cheaper access than we do. the faster high-speed access comes through fiber optic lines that transmit data in bursts of laser light, but many of us are still hooked up to broadband connections that squeeze digital information through copper wire. we're stuck with this old-fashioned technology because, as susan crawford explains, our government has allowed a few giant conglomerates to rig the rules, raise prices, and stifle competition. just like standard oil in the first gilded age a ce

the telecom world we have had today is not inevitable. change was not inevitable. people make a difference. tom whitehead made a difference. thank you. [laughter] [applause] >> i first met tom in about 1970 around the time that his policy was formed and tom became the first director. my connection to him was initially working with him at the radio laboratories at the department of commerce in boulder. as i recall, walter had worked in the white house under a commerce technology on the science fellowship program. that is where he met tom. i don't remember my first meeting with tom. but at the time, i was a very junior analyst and a small group within the labs that supplied support to ott, in connection to the president. i don't recall the details, but i do remember that we seem to hit it off pretty well. we were both almost exactly the same age. we were both born in 1938. we were both from the midwest and very early in our prospective careers. as i will say, i will have a little bit more to say here in a moment. we were both licensed amateur radio operators, or hams.

actually get government employees on the science they stopped the harbor from working and even went to the telecom buildings this however was not just the ultras the hardcore football fans who are in both other sectors got in bone there were students and teachers who staged protests i'm off the death of a young student over the past few weeks and in the clashes in port saeed i'm as i said government protests during dinner as well the so what we're seeing really is poor sign taking quite a step toward independence from the country expressing that this is stretching across different parts of the city. angry is on twenty six january there was this court verdict the sole twenty one courtside citizen sentenced to death after this deadly football massacre that happened last year in february and basically pushed i.e. to people are saying this is unfair in addition they're saying that the anger all of the security forces so the way they reacted to protests by following this very contentious decision saw dozens dining said that this committee forces attacked the people of. live ammunition to look at the an

been absent for a long time i mean arguably at least for at least for the last sixteen years since the telecom act resulted in and just a handful of conglomerates controlling the majority that means. we did hear about the thousand various kind of course all over actually was a huge scandal on the on the media but we didn't hear about this aspect of it how the drug cartel had believed that. but let's let's talk about the actual evidence i mean there is that we have this cartel leader saying one thing of course the government. same as saying another thing the d.a. said another thing i mean is there any hard evidence i know that there's some documents being withheld can you talk about what these documents might reveal and whether or not there's any evidence to go on right now. i'd sure like as i said as i was alluding to before i'm leaving lower the scene mark the leading lawyer this you know or cartel has been a document to protect this source for last eleven years he has signed agreements and in fact in a diamond in san diego was dropped again some that started in mid ninety's by the late ninet

you had the financials and the telecom stocks as the leadership groups. merck was down 2%. stocks were actually down. what happened there and what are you seeing at the end of the kay? >> finally seeing the laggards catching up and telecoms have done okay during this period, but i think what uruguay seeing is the overall economic data with the exception of the weaker gkp number. all the other data was very strong and all the companies are pulling up with that. >> and then with that, swing it around, what happened there. dts. what happened to that today? so hyped, right, warren? >> we're right at the 14,000 line right now. the dow jones industrial average has just dipped below 14,000, so remains to be seen. we have two minutes to go here to find out if we'll close above it. if you don't have leadership or you don't have participation in technology, and

internet caution and speed microsoft and google are two major propellants of the plan meanwhile the telecom giants want the wireless spectrum completely privatized are horrified by the idea of free public access to high speed internet in the internet just the next generation of the commons that should be owned by all of us and available for free at a minimal price like police firefighters water facilities or perhaps more appropriately the public library isn't the isn't the internet this generation's version of the like that i don't for one i'm kind of surprised that your super excited about the government having regulation control over information flow i mean that's you do you do realize that what comes with the government owning this property comes from the regulations that would follow oracle is a lot more accountable than corporate america why i don't know your government is all you know under almost most all of your internet stuff is passing through government pipelines anyway or pipelines that are you excited by the prospect of senator. that was decided at a broad range but i mean i gu

the necessity to get that kind of equipment in there to restore the grid, the water system, for the telecom it is something we are still struggling with and we are working with on a daily basis. >> thank you, mr. brig. >> every exercise i've been involved with, managing information and communication is easily no. 1 or 2 on the list. in the heat of an event, information is flowing in, there's usually no shortage of information rtion it's translating that to something credible that is the challenge. usually 50 percent of that information is wrong and untimely. before a unified command is established and you have various city departments or regional groups that are working together before the unified command has been established, coordinating field work in 4 counties is usually awkward. until that central message gets pushed down and all the groups are rowing together, the field, when you are dealing with the geegraphy we are dealing with in the bay area, that field coordination is always difficult in the first few hours. >> thank you. mr. angelus. >> verizon wireless, every time we get involv

absent for a long time i mean you are going to at least or at least for the last sixteen years since the telecom act resulted in and just a handful of conglomerates controlling the majority that means. we did hear about the thousand various kind of course all over actually was a huge scandal on the on the media but we didn't hear about this aspect of it how the drug cartel had believed them. but let's let's talk about the actual evidence i mean there is that we have this cartel leader saying one thing of course the government insane as saying another thing the d.a. said another thing i mean is there any hard evidence i know that there's some documents being withheld can you talk about what these documents might reveal and whether or not there's any evidence to go on right now. i'd sure like as i said as i was alluding to before on the leading lower this york the leading lawyer of the sea org r.t.l. has been documented to protect this source for the last eleven years he has signed agreements and in fact a diamond in san diego was dropped against him that started it ninety's by the late ninety's w

absent for a long time i mean you are going to at least or at least for the last sixteen years since the telecom act resulted in and just a handful of conglomerates controlling the majority that means. we did hear about the fast and various kind of course all over actually was a huge scandal on the on the media but we didn't hear about this aspect of it how the drug cartel had believed that. but let's let's talk about the actual evidence i mean there is that we have this cartel leader saying one thing of course the government insane as saying another thing the d.a. said another thing i mean is there any hard evidence i know that there's some documents being withheld can you talk about what these documents might reveal and whether or not there's any evidence to go on right now. i'd sure like as i said as i was alluding to before i'm believing lower this york the leading lawyer the c.e.o. or cartel has been documenting the. check this source the last eleven years he has signed agreements and in fact in a diamond in san diego was dropped against some that started in the mid ninety's by the late nin

they are doing the engine, they are doing the body, they are doing the telecom, the electronics insidee got so many balls they are juggling at one time, according to consumer reports, they are letting things slip. you compare that with the japanese, when they are redesigning a model, tyler, they are going to do a good portion of the car but keeping certain things that work right there. >> much more incremental than what u.s. automaker is doing. thanks, phil. sue. >> let's go to josh. he's got a market flash for us. >> check out tyson food down hard today, the worst performer in the s&p. here is the news, tyson saying the current quarter has been more challenging. margin precious in beef and pork segments. tyson did say it's still upbeat about full year results. investors are bailing tyson foods in the red. josh, back to you. >> thank you very much. we're going to look in on president obama in newport news, virginia. a big shipbuilding and military site down there in norfolk, chesapeake bay area. when we come back, talking about big federal budget cuts among other things will affect def

the telecom companies, the ciscos of the world, their businesses have been absolutely horrible since the fourth quarter of 2011 when the government broke up the at&t t-mobile deal. since that period of time, you fast forward, you've had now saying they're going to take out sprint, and you're going to see a big pickup in spending. so, companies like a cisco or juniper, a lot of the optical names that we own, that have been in the dog house for the last couple of years, they should see a big resurgence this year and semiconductors is another space where, you know, we've had revenues this year worst than they were two years ago, so, in 2013, sorry, in 2012 -- 2013, you are going to start to see growth again and that's another space that we like that's been in the dog house for the last couple of years. >> dan, thank you for phoning in. appreciate your time. dan niles of alpha one. and his pick in the semispace, onnn. in terms of picks here, the ones that dan outlined -- >> qualcomm. he said it. when there was rumors of apple going to the low end, the rumors are they would use qualcomm s

that continues to flow in, you see it in the top leaders, the discretionary income, the telecoms, that tells you that the retail buyer is back and pumping money into this market. >> i said at the top of the show i bet there's not 20 people on the floor of the exchange who thought we would be here today with the kind of market we're seeing given what we saw on monday. are you one of them? >> i've been on before saying i've been looking for that pullback and waiting to buy the dip was monday. i think this is the panic missing buying the dip. take a look at the transports up 3% today. >> that's right. >> that's the durable good orders, the trains shipping all the shale oil throughout the country. that's -- that's been another great move, and they were basically dead earlier in the week, so it's -- it's very scary from a professional trader side, but you don't fight the fed. the other big ben, i used to be that guy until he showed up, and what's going on with the money flow is coming into equities. >> ben willis just moments ago mentioned short conversation. you think part of this at the e