the tva and other electric companies bought hundreds of mlions of dollars worth of eipment every yearat lengths would the manufacturers of this equipment go to to make sure that the price was right? for 40 years, regulation protected the airline industry from the hazards of competition. have 25 years of deregulation been an improvement? to paraphrase calvin coolidge, the business of america is big business. large and crucial industries are dominated by a few powerful companies, which have grown with the economy and rewritten the rules of competition. what are the economic and legal rules these companies live by? what has big business done for and to the consumer? "whatever happened to price competition?" with the help of economic analyst richard gill, we'll examine these questions on this edition of "economics u$a." i'm david schoumacher. there's no business bigger than the auto business. if you've shopped for a car recently, this is a familiar sight. it looks like real competition, a variety of products at a variety of prices. but is what you see what you get? it was when you bought

the tva and other electric companies bought hundreds of mlions of dollars worth of eipment every yearanufacturers of this equipment go to to make sure that the price was right? for 40 years, regulation protected the airline industry from the hazards of competition. have 25 years of deregulation been an improvement? to paraphrase calvin coolidge, the business of america is big business.

shares in tva climbed about one in whatever sense china. xd electric rose about half a percent. so i'm also tomorrow we are going to take an auto show which is generating a lot of last year. now any change to the bottoms from the land sure we talked about the literally of what's going on an acreage she'll be announced plans last week to phase out its three brands and consolidate them under the g in the name by overhauling its brand strategy this is the hunt though these carmaker in hopes to reinvigorate sales in the writing is done we will so it stands the electric car in china later this year and that will retail at about sixty thousand us dollars fee at chrysler also struck a deal it will start producing jeep vehicles in late twenty fifteen that will be china is the world's largest automaker as you know i don't mark it as you know statistics are very high for car makers here into the run from shanghai. i know. in shanghai and ask them to tokyo japanese stocks are being early morning trade widened and their opening games however that was when at the yen weakened against a dot o

the members of the house representatives are going to cast a vote on tva. i'm reflecting be the color if you will of the agreement on to the pace the so called fast track bill would give more authority to the executive branch of the government and trade trucks. about one hundred fifty japanese lawmakers in a cabinet minister had visited the us can a shrine in tokyo for its spring festival the shrine honors japan's war dead those remembered to include leaders convicted of war crimes after world war two the law makers from ruling and opposition camps offered prayers at the shrines me all they include keeping peace out what's the deal a senior member of the governing liberal democratic party they belong to a cross party group that promotes visits to yesterday. the group pays its respects at the shrine in spring and fall. and on august fifteen today japan commemorates the end of world war two. at a news conference what's a g refer to prime minister shinzo are the true sense and offering to the shrine on monday without paying a visit. going on. i believe in soul

in your mind how important is the tva getting it done quickly from your standpoint?> well, as we said tpa is a critical tool for opening markets. but ultimately the only guarantee that an agreement is going to achieve the support of congress is that we bring back a good agreement. and to our focus in tpp right now in ttip is on the substance of those agreements. and focusing with our trading partners on bringing back kind of the current window congress under stakeholders and theater the public will demand in order to get their support. >> what's your thought or we could do it by person basis to get this done quickly? >> we welcome the introduction of the bill in january. we're looking forward to working with this committee and the senate finance committee. there's been a change of leadership there. we know chairman wyden is consulting with the democrats and republicans on his committee on the best way to move forward. ultimately, we like to get a tv a bill that is got broad bipartisan support as possible. we look forward to working with you on that. in parallel we wi