c-span's "communicators" program is walter mccormick who is president and ceo of an association called us telecom. mr. mccormick, who do you represent here in the washington? >> guest: well, we represent the nation's broadband service providers, companies large and small, you are wan and -- urban and rural, publicly traded, privately held. these are companies that his to have create were telephone companies, but today they are broadband service providers, and they offer service on both a wire line and wireless basis. >> host: who are some of your members? >> guest: companies like verizon, a, the and, the, centurylink, windstream and companies much smaller that serve rural markets in sparsely-populated parse parts of the united states. >> host: what are some of the major issues right now being confronted by the companies that you represent? >> guest: i would say the single most, the biggest issue is the transition to the new ip environment. i mean, internet protocol communications is the future. consumers are driving it. ip technology is the technology that enables all devices to communicate with

but now two companies both have their eye on the telecoms are in us satellite provider dish network has already said it's considering making the bed they could end up in a bidding war which brings one of the largest u s cellphone operators. dueling going to telecom was reading a woman has reason to smile. he may be about to find in the letter t mobile usa sending its american subsidiary could go on and on to telecom fourteen billion euros. the sale of t mobile usa to sprint isn't a done deal. mountain view of the us open market. it does make business sense. a man sprint and team obama being outpaced by their competitors. giants the rise and a tnt dominate the u s cellphone market heat oven to one hundred million customers. as adults sprint and t robot have only a fraction of the two subscriber base. but there's no guarantee any screen team while nigel would cause the competition through with flying colors. us regulators might scuttle the deal because it would create such cell phone giants. and corporate is now american express has been ordered to pay more than seventy five million us do

us more about this thing that morning of the thing is in taiwan if the vehicle for many factor to interfere with from distributors prices in this case the many factors awful that distributors are the telecoms. and so us ninety dion appel has been fined six hundred and seventy thousand dollars in taiwan as captain says for interfering with prices more bah service providers set for the tiny phone. taiwan's fair trade commission excuse an apple subsidiary of the country's three major carriers how much they should charge for i phone handsets and the cooling trend sold alongside them. it sent the apples subsidiary stipulated that the carriers submit their pricing plans for approval and ask the companies to change or adjust prices. sales of five pounds by the three carriers account for more than ninety percent of the phone sales in taiwan. the commission's that apple is hampering market competition. it's the first time in the world. apple has been fined for its marketing method. this gets back on the markets now be on wednesday the nikkei closed above a key facts hold of sixteen thousand points for the first time since november two thousand and seven. for more on japanese markets with study leav

first of all temperatures about how that happened and second, what does this tell us about what happens next with telecom italia? >> as you said, there is a mess about how much of telecom italia blackrock owns. a bit of who's on first infusion between new york and milan, i think. blackrock claiming its convertible bond should be included in his total. italian regulator says it should. a sharerock disclosed there was greater than 10% wch is a threshold at which you have to announce a holding in the time markets. with more interesting is that blackrock, the world's largest equity investor, has taken such a large position in telecom italia that it is the second- largest shareholder after the controlling shareholder which is telefonica.ic blackrock is going to have a big role in deciding the future of the company and particularly the business in brazil. >> do we know that it is blackrock? other acting for itself or someone else? that is something we -- >> that is something we don't know. that is not something they are saying quite yet. there is of course a rebel investor that is trying to oust the board of t

twenty first of this terrible time for g smartphone to be priced below hundred fifty us dollars next year. china telecom operators and mark the manufacturers generally cheap for cheap carpet before the first quarter next year the decision was made just two weeks after that i think of it issued fourteen liken it to the country telecommunication operators domestic manufacturers that is the peace corps passing cape dutch island on the bill provides for g smartphone priced under one thousand us what the hundred us dollars the country's huge market also attractive to international company international companies due to repeated felt in three g smartphone the chinese market kampung community to be open and offer products ranging from high to low and in china over marking believed the report in concocting fairly popular among chinese consumers. the major obstacles due to the country's high cost charged by telecommunication operators. china mobile. or do you have to pay thirty two dollars to two gigabytes of data each month. this practice for hire them up ordinary chinese people are just a pain. marking the pol

mark zuckerberg says he will use the cash to pay taxes. chinese telecomompanies may soon have a new rival. alibaba is applying for a license to offer mobile phone services. welcome back. our next guest says the fed looks likely to continue reducing its bond purchases through 2014. it will complete the program by the end of next year. good morning. has the federal reserve finally managed to break the link between the beginning of tapering and bond buying program and higher interest rates? >> they have built so much credibility that markets have said even if they reduce the stimulus and reach cruising ratesde, the interest will stay low and there is a credible chance. rathernflation the key than the unemployment rate? is inflation the key piece of data that investors will be watching? >> that is going back to the roots. the central bank has always targeted inflation. dropping that 6.5% unemployment rate target, even though they still use it. they have given more on forward guidance. to be anot seem threshold to anything very much anymore. >> it is not neede

my sis use on nasal well remain in japan he's the president at south bank a major immobile phone operator. he made headlines earlier this year with the successful acquisition of an american telecom giants and he's making headlines again. she joins us now from the business sense and good morning tessa detests the winning captain lot of the us is the biggest consumer market in the world so his back for more executives that soft they are planning to expand their presence in the us in july they bought the third biggest american carrier sprint nextel. now they have their eyes on another major player. sources say they're in talks to acquire t mobile you ask which has the fourth largest consumer base in the us. the executives plan to acquire majority stake in the company to sprint the deal would cost about twenty billion dollars. it would also put some pink in a position to rival top u s carriers for verizon and a tnt in terms of subscribers analysts are watching to see it so it can raise the finance for the purchase and whether they'll get the go ahead from us regulators. it sat on the markets now you share prices continued higher on tuesday the dow jones closing of record high of for

there is one provider that we have used about the model for responsible rural telecom. because there are businesses there that now have highest need or are using it. there is a wind farm that they are having trouble the one that needs a broadband hookup and they are saying with our cap we do not have the money. we are not allowed to use our money in that way. it is just not that one house that is 30 miles about getting in and out. it is hurting rural economic development. i want to ask the real question and to chairman wheeler and if they wish to step in. i want to ask about a role that concerns the video market the current market is seeing an expansion in the scope of current law was not intended to address it. the only buying group out there. are there plans by the commission to look into this to maybe change it? do you think they should be excluded from this process? rule to address voice calls on >> i've just become aware of issues that have been raised about this. they would ask that we would get back to you. the answer is that we will be dealing with it >> any comm

that we one provider have used as the model for --ponsible role telecom rural telecom. there are businesses that have high speed and are using it to monetize businesses. they are truly a worldwide business and not just two blocks. there is a wind farm. they are having trouble. they need a broadband hookup. they are saying they do not have the money. they are not allowed to use the money in that way. not just that one house that is 30 miles back. rural economic development. i want to ask the real question -- does it concern the video market? many worry that cable -- of the current market of video is seeing an expansion. has defined a group for the purpose of program access rules in a way that excludes a biting group out there. are there plans by the commission to look into this and maybe change it? do you think it should be excluded from the process? >> thank you. of thebecome aware issues that have been raised about this. you.ed that we get back to the answer is that we are aware and are dealing with it. about it being excluded from this rule? -- you actually had an expr

none of china's state owned telecom operators like to see any private competitors ride in the market. even if they are forced to let private companies and they still can use their power to curb the rise of private business china mobile china in kunming china telecom can to cooperate with the virtual operators who don't want to count a monopoly. apparently the eleven selected private companies to support his idea the chinese government are bidding companies with overseas entering the field if more than ten percent of stock options are controlled by foreign doctors. as a result china's most innovative ip companies to attend to them by deal had been excluded from the business. come read this to the fact that recounting the monopoly if they're allowed in. the most effective ways of breaking the monopoly in two thousand privately run deep and telecom operator. however as of now the government not want to let that happen to me the most cost efficient way to break the monopoly for now the private companies run virtual networks. he also gives a private company to rick took a tour to sixteen he wouldn't be on the government dollars. okay that's all we have time fo

telecom space. what insight will he give us? we are talking about scottish independence.retary of state of scotland is joining us. we are 10 months away from the boat. -- the vote. we will be getting a sense of where he sits in the story right now. is westminster overly complacent about the prospect of this vote succeeding? 11th of the 12th of the 13th unless you are in north america when it was back in november. nevertheless an interesting day. >> thank you so much. meantime, here are some companies on the move. blackstone is expected to price its ipo later today. blackstone is looking to raise making as $2.4 billion, it the biggest hotel ipo on record. hilton was priced at a premium. china like glaxo and merck will face more scrutiny from the u.s. the move comes after u.s. vice president joe biden secured a commitment from the chinese government to allow more inspectors in the country. tablets are the bright spot in the global computing hardware front. that is unlikely to change in 2014. for more on hardware trends, i -- part of a team providing research on major sector

subscribers inn addition to those already using iphones over the rival networks, china telecom and china unicom. they have offered it since november of 2009. telecom has offered to send a last year. china mobile playing catch-up. there was a big stumbling block presumably over china mobile homegrown technology. no other carriers globally have adopted this technology. apple up until now i had been reluctant to provide a td compatible iphone. there were revenue differences between china mobile and apple. those differences have obviously been resolved. the iphone is going to go on sale in china mobile as of january 17th i think it's the date. >> this incursion news for apple. what about china mobile? deal removes the competitive disadvantage they had a drawing in the high-end users. those who can afford to pay more for the iphone. they have close to 800 million subscribers. all of them not going to be migrating to the iphone but if they can get a 100 million, that is a huge thing for china mobile which is already facing perhaps the first drop of decline in a decade because higher subsidies

start phone companies in china, allowing private companies to use the networks of state owned china mobile, china unicom, and china telecomsigned a deal with the 49ers and will become one of the sponsors of the new levi stadium, which is two miles from intel headquarters in santa clara. one quarter of the stadium will be named intel plasma, and there will be a fan experience center featuring intel gadgets. the 49ers will move to levi stadium next year. staying with football, the nfl says", strongly opposes a proposal to eliminate the sports blackout rule. the rule is meant to encourage fans to attend live sporting events by keeping the games off tv while tickets are still available. the nfl tells bloomberg west, that while affecting very few games, the blackout rule is very important in supporting stadiums. how big of a threat is the proposal to the nfl? joining us, our editor-at-large cory johnson. amy, great to have you on the show. >> there is a lot of attention right now being placed on the fcc's recent statement. i believe the focus on that fcc perspective action is misplaced for two reasons. we don't know yet what t

used to hack. the indian government's nuclear facilities but also the belgacom the belgian national telecoms. provider in order to obtain information about the european commission so and european parliament we suspect so you know these are very large operations targeted at individuals governments and network providers to get all kinds of access to all kinds of information. quick question just in closing what you know bugging personal computers is certainly illegal how could the n.s.a. . you know somehow argue that this was ok obviously at some point someone's going to find out this is happening how what could their argument possibly be. to legitimize this well i think that is exactly the question we need to hear from the n.s.a. and you know the answer we need to hear that from me and i think i mean you know it's possible to sometimes make an argument that if somebody is a really serious dangerous criminal that maybe that person should have computer hacked but what what i think we'll probably find is that this is why did and certainly when we talk about governments it's necessarily wide and it

telecom, orange. stephane richard joins us now with more on that. thank you so much for joining us.us a sense of what our and has been doing. you have backed startups. you own a fund. you are invested in companies like dailymotion. what are you hoping to achieve with startups? when are they going to start giving back to orange? invested into dailymotion because we see our role as a telco, as an aggregator, a distributor of content. we need to get access to the technologies that are relevant for the web. has the video player, the second-largest in the world, it is a very interesting platform for our own services. we are going to now implement some further cooperation between dailymotion and orange. i could mention romania for instance. we are recently launching a tv service based on dailymotion's platform. dailymotion is or us an opportunity to understand better some business models, some technologies that are relevant in the users of our own customers. orange is one of the big players in the ecosystem. invested in to the some startups or companies that are interesting. we think that

telecom italia. amongok and walmart companies planning to use facial recognition scans for security or tailored saleses. tesco is installing face scanning technology at gasoline stations to tailor advertising. now let's get to international correspondent hans nichols for more on that story. hans, face recognition is going to be our new best friend. >> well, that is one way to put it. the very companies that plan to exploit this technology or use this technology will help draft the rules in meetings today with federal regulators in the states on how these images are stored, how they're used, so companies like walmart, like faith look will be meeting with the department of commerce today in washington. the retailers are saying they don't want to strangle this technology in the crib. they want to give it time to flourish. in the u.k. you have tesco talking about using facial recognition to tailor ads, mostly by age and gender. curacao facial technology works. first of all scanned images and look for digital signatures. from these digital signatures they can extract a pattern and extract a phase. cold,ce

addition, to those who already use the iphones on the competing networks, unicom had a big head start offering the iphone as early as november 2009. telecomn offering iphones since march 2012. all eyes were on when would china mobile offer it. the big stumbling block likely was over the homegrown technology that china mobile uses in the 3-d space. space and for 4g. no other carriers have adopted this homegrown chinese version. china had resisted up until now. china mobile, always a top prize for apple. millionbout 760 wireless subscribers, 62% of china's total users. apple had seen its market share for its handsets dwindle in china as cheaper models from the likes of samsung, lenovo, xiaomi and other domestic players have outsold more expensive iphones. the iphones have a higher margin. that is something that apple and china mobile want to pursue as the margins for china mobile have been dwindling. they want those higher-end users that apple attracts. four china mobile, this is an important deal. it removes that competitive disadvantage that it had against the likes of unicom and telecom. it wants those high-end subscribers. mobile faces

democracy groups nobel prize winners and top internet and telecom companies now a federal judge has weighed in on the nsa is massive spike in us district court jge richard leon says that the industry's bulk collection of telephone records is probably unconstitutional describing it as an almond tree in patient privacy. and he said that the government had failed to prove that the program had prevented a single attack. under fire from the courts and key allies present brock obama has been meeting with internet executives. as he defends a program that has a dwindling number of support obama sat down with top names from the tech industry the meeting itself was held behind closed doors but concerns about the nsa is clandestine activities were on the agenda. some of those presents like yahoo microsoft and google want us spying scaled back. the meeting comes just a day after a washington court ruled that mass government espionage is most likely unconstitutional data protection advocates say it's due process were applied then it's clear that the nsa is breaking us lots yes they really want to be open they would allow these programs. th

local have gone to telecoms saying we want a tower dump. provide usormation from a given tower. some of the telecoms are saying yes, some no. then they go to a judge to ask. some are saying yes, some no. then then bought their own $400,000 device that they put on the side of the road mimics the cell tower and collects every phone call that goes by. >> the only thing i say about people changing bee mafr when the cameras are on. it's not the case with the kardashians. because i feel i'm getting a slice of their real life. >> they don't care. they want to be spied on. >> exactly. >> spy on the kardashians why don't you. >> judge napolitano, you've been right for a long time. thank you very much. >> to spread this gospel. >> tonight with bret baier and company. >> thank you. >>> coming up, this year a doctor who helped take down bin laden locked up in pakistan and now the lawyer defending him is running for his life. the developing details ahead. >>> it's the only bad thing about having a big family, somebody gets stuck with an ice cold shower. but what i

telecom italia. he's opposed to the company's sale of the brazilian unit. he joins usrom milan to explain why. >> good morning. is a conflictat isinterest in this board -- interest. -- we wills has been be revoking the board which is an important passage of element to talk about brazil. this board will be free if we -- of this asset which we believe will be essential for the future of telecom italia. me through. you want to overturn the board one of your main gripes is the sale of this brazilian unit. what chance you have of overturning the telecom italia and board on december 20? that things have changed last month because telecom argentina has been forced to sell and also there is a convertible bond that has been done. some authorities here in italy are investigating. even iss isthat recommending the funds vote against these boards and provoke this ward. everyday passing by better and better. >> how might you think you have in terms of votes at the moment? you're talking about some big investors and funds backing your so-called riots. ef 20% of the votes right now? j

. >> host: and joining us this week on c-span's "communicators" program is walter mccormick who is president and ceo of association called u.s. telecom. mr. mccormack who do you represent here in washington? >> guest: we represent the nation's broadband service providers, companies large and small, urban and raymack public we traded privately held cooperatives. these are companies that is starkly were telephone companies but today they are brought and service providers and they offer service on a wireless basis. >> who are some of your members? >> guest: verizon at&t centurylink wire string and companies much smaller that serve rural markets and sparsely populated parts of the united states. >> host: what are some of the major issues right now being confronted by the companies that you represent? >> guest: i would say the single most -- the biggest issue is the transition to the new ip environment. i mean internet protocol communications is the future. consumers are driving it. ip technology is the technology that enables all devices to communicate with one another and it's that transition from an analog world to an ip world that is

telecom sector. seema mody, what can you tell us? arters, dow jones reporting that sprint may make an offer for t-mobile in early 2014 which would set the stage for a major telecom merger. dow jones reporting that the deal could be worth $20 billion. we can get a look at how shares are reacting after hours. sprint shares up 2.4% on this report from dow jones. if you take a look at t-mobile, that stock down just half a percent after hours. >> this just got very interesting. i mean, talk about where were we before when it was t-mobile, at&t. now at&t and sprint. sprint's up 2%. lee munson from portfolio asset management, kenny valcari joining us as well. take a look at the shares of sprint on the news that t-mobile will make a bid here. 2 1/2%. what do you make of this? >> when the at&t deal was announced everyone thought sprint was really going to be the severe loser in that. the antitrust issues came in, that deal got scuttled. i mean it's certainly not going to be -- i mean, at&t's not going anywhere, verizon is not going anywhere, b

us with your thoughts. >>> besides in europe, seeing more telecom assets changing hands in asia. australia's telstra is selling its mobile phone market to hkt. the deal, worth close to $2.5 billion, it will make hkt the largest mobile phone aconsidereding to subscribers. >> hi, ross. panasonic will shut down its okayama and koshima plants to organize its semi conductor business. one plant will be closed by the end of fiscal 2014 and product will be moved to another chip plant in the northern part of japan. the kokasima plant will stop production by next march and workers will be reassigned. the firm is trying to get down to turning around the chip segment since the business suffered a lost last year. panasonic agreed to sell three segments to an israeli chipmaker and it's in talks to sell five overseas chip plants. plus panasonic and fellow japanese electronicsmaker fujitsu are merging their businesses. ross, back to you. >> thanks so much. have a great weekend in tokyo. >>> still to come here, gold prices stabilize after falling 3% in one day. and at some point, does the lower p

telecom. that deal could be worth $20 billion. >>> retailers are rolling out huge after-christmas today. walmart has items 25% to 50% while toys "r" usas buy one 40% off. some red-hot toys and all those video games. a quick look at early business headlines. back to you. >> great deals indeed. thanks. >>> mcdonald's not lovin' it. the company has taken down its employee resources website after anti-fast-food posts created by a third-party vendor went viral. the posts warned against the negative effects of fast food, even going so far as labeling a cheeseburger and fries as a, quote, unhealthy choice. >>> and just before christmas, a las vegas cab driver thought a passenger had left a bag of chocolates in his car. it turns out the bag contained $300,000 in cold, hard cash. that's right. well, he turned that bag over to police who along with casino officials tracked down the rightful owner. the cabbie received a $1,000 reward and a spot on santa's nice list. right at the top. >>> well, now here's your first look at this morning's dish of "scrambled politics." the $60 million u.s. capitol restoration project is beginning. the world famou

when you think about which multiple you want to use, you are talking somewhere around 15 times earnings. >> broad markets such as softbank's, the telecomred sprint in july. largest carrier, it could push ahead the t-mobile bid for the first half of next year. big gain whenl china mobile selected the same wireless standard that clearwire had. that means they can have phones operate in china, japan, and the u.s.. they are going to have to stay on that network. >> i don't mean to make light of the report in any sense that sprint is looking to make a bid for t-mobile. how long have you been covering telecommunications? the first time you trying rumor of sprint to buy a piece of deutsche telekom. it was 1999. >> they are constantly looking at each other. this is a different kind of deal with softbank behind the 500 year plan. the worldy man in that has lost more money. mobile, it was billed as the greatest deal that was ever going to happen in telecoms history. >> i was in seattle. >> hank you for helping me feel young today. phones, it turns out it is not just the nsa that is under fire for that. determining if company executives broke the

using iphone on the competitors. china unicom, that they offer the iphone on its network since november of 2009. a four year head start. telecom has been offering since 2012. the big block has been the homegrown technology offered by china mobile. 3g and 4g is just been rolling out. for china mobile, it was a big prize for apple. it has 700 60 million plus wireless subscribers. million plus wireless hear and china, apple shares have dwindled. domesticvo and competitors outselling the more expensive iphones here in china. i think china is number six in the smartphone market here. that is what you have seen. the other players have caught up and far surpassed apple apple has not done the china mobile network. for china mobile, this a big move. theasically removes competitive disadvantage it had to the competitors like you to, and telecom. unicom and, -- china telecom. this is a higher-margin product. bernstein analyst noted earlier if itor this apple deal comes through, it could be potentially negative for china unicom and positive for china could and some commerce migrate to some customers could migrate from telecom or china uni

telecom. that deal could be worth $20 billi billion. >>> and retailers are rolling out huge deals today. walmart has thousands of items at 25% to 50% off while toys "r" us a buy one, get 40% off some red-hot toys and games. an early look at business headlines. kristen, back to you. >> thanks, hampton. >>> mcdonald's is not lovin' it. the company has taken down its employee resources website after anti-fast-food posts went viral. the posts warned against the negative effects of fast food, even going so far as labeling a cheeseburger and fries, core items on its menu, as, quote, an unhealthy choice. >>> and just before christmas, a las vegas cab driver thought a passenger had left a bag of chocolates in his car. well, it turns out the bag contained $300,000 in cold, hard cash. so he turned it over to police who along with casino officials tracked down the rightful owner. the cabbie received a $1,000 reward and, of course, a spot on santa's nice list. well deserved. >>> well, sports is just ahead including your nba christmas day roundup. >>> plus athletes do it up for their teammates and for kids this holiday season. we'll explain. you're watching "early t

telecom and china unicom to move up. that is why china mobile stock is not done so well in recent years. >> what can you tell us about the demand in china for the homegrown names? the rise of the products from players like lenovo and the challenge to that which are faced their? >> apple was the cool product everybody had to buy. 20-year-olds aspired to by apple. it was a major gifting purchase. it was talked about on the same level as rolex or cartier. hassamsung galaxy line taken over. is gaining market share. they opened a large test center where people can come in and play with the products. they are about 20%-30% cheaper. they're good enough and in some cases almost as good very at i was interviewing some banks last week and a lot of the banks said that they are now buying lenovo phones to give to their employees. we expect to be serious competition -- we expect to see serious competition for apple especially from the chinese handset makers. >> much appreciated, sean. nd it back to you. >> there is fresh speculation that microsoft has finally chosen a successor to ceo steve ballmer. the problem is that the guy they h

use it, but if you want a better performance, that is being opened up. iphone users walk that better performance. >> they have almost 800 million subscribers, but some have migrated to china telecomwere they already offered the iphone. are higher and users going to come back to china mobile? how many customers are going to buy iphones? >> it's a huge number. we focused on the number of three g. it is a smaller part of their overall number. from apple's is that is the low lying fruit they can go after. they can get 10% of that in a year. in the u.s. they have about 65%, so it is a much lower share because of economic differences. even though china mobile has lost a test they haven't had the iphone, there is still a huge pie there, one hundred 70 million compared to verizon and at&t, so a big opportunity, as you have outlined. >> how big an opportunity is it for apple? is this going to give them a huge advantage, or is it still going to be an uphill battle, given low-cost competitors? >> yesterday we went through and looked at the phones selling on china mobile. 80 different smartphone models. a lot of different options. the average price was about 250 dollars. the average price of

the us was held up because of the detection of an unapproved genetically modified strain of course in the shipment. leather surface from two key u s senators about the level of security in the telecom network

telecom giant develop south korea's wireless network u.s. officials according to the journal are fighting a risk that while the equipment could be used for spyingng the allies this obviously plays into the news we had from earlier today, under fire in recent years by some members of congress, have been increasingly concerned about who owns access to private information. in 2012 house intelligence chairman michael rogers, republican from michigan said we have to be certain chinese telecommunications companies working in the united states can be trusted with access to our critical infrastructure. fast forward to this month and what seems to be his second interview ever with the foreign press the ceo rendered that the chinese telecom giant plans to get out of the u.s. market. according to the chinese transcript that i looked at he told reporters if they get in the middle of u.s./china relations is not worth it. he then added therefore we have decided to exit the u.s. market and not stay in the middle. exit is a strong word but reached out to the vp in washington about how these comments mean, he said this doesn't mean they are ditching the united

collaborative effort to work with intelligence and the telecoms and service providers to provide a protocol that can be developed that will allow us to standardize and make effective a way for the small banks to have defenses because we do not want to expose ourselves to the risks that a perpetrator could gain entry. that is very important. to continue to support effective cybersecurity legislation. we need to focus on information sharing that provides liability to protection. we have today some real limitations from illegals -- from a legal point of view. that needs to be clarified legislatively. i want to thank all of the council members and the government agencies. everybody has been great in helping us a lot. we haven't had great support -- everybody is working really hard and has given us great support. i want to ask the council submitter -- consider making a task force that includes the city members and government help in that can really this copy has a battle -- comprehensive battle. we have made a lot of progress and have a long way to go. we are in this together and we have shared goals and i believe working together we c

intelligence agencies, the regulatory agencies, and the telecoms and service providers to provide, i think, a protocol that can be developed that will allow to us somewhat standardize and make effective a way for small banks to have reasonable defenses because we do not want to expose ourselves to the risk that a perpetrator could gain entry at weakest point in the system so that is really, really important area for us to focus on. we need to continue to support effective cybersecurity legislation. we need to focus on information-sharing that provide liability protection for good-faith information sharing. we have today real limitations from legal point of view in terms of banks working together to share information and that needs to be clarified legislatively. so i want to thank all of the council members and the government agencies. everybody has been great. everybody is working really hard, helping us a lot. i don't want any of my recommendations to imply we haven't had great support. everybody is working really hard and giving us great support. i would ask that the council consider forming a task force team led by treasury to include the fs

us so frequently in our society. and he writes, when do present-day evolutions in the government's surveillance capabilities, citizens' phone habits, and the relationship between the nsa and telecome those considered by the supreme court 34 years ago that a precedent like smith, a precedent that had basically been offered to support this spying, when does it same plea not apply? and the answer, unfortunately is now. >> there are a number of great things about this decision, first of all, that it comes from probably one of the dozen most conservative judges in the judiciary. but the fact he went after that 34-year-old decision is really the other great thing about it. and that decision, the supreme court said that the government doesn't need a warrant to go after phone records. records of the numbers you called. and the government has taken that decision and kind of extended it to almost any kind of business record. any record of your transactions in the world that is handed over to a third party. your banking records, web surfing records. e-mails and files that you keep in storage with gmail or something like that. right? and now in our digital age, that pretty much creates a com

use my velvet matador references. but you beat me. thank you. >> phone fights on at&t shareholders want to know what kind of customer information the company is sharing with the nsa. but the telecomg no way. who is right? >> stacy schneider says at&t is. attorney remy disagrees. what do you make of thii? they're just saying what, at&t? >> they're saying that we do not have an obligation to shareholders to tell them everytime we comply with a government subpoena. they're just following the law. they're following a normal course of don -- conduct for a corporation and transparency is the issue. they have to be legally transparent to the shareholders, but by saying we complied with another government subpoena, we followed the law again, it's not -- they don't have to do that. >> a lot of other companies have been part of this don't do that. >> right. the issue here is not whether or not the government gets to know where we are, who do we call, and every single phone data that at&t complies. that's a separate issue. the question is, if you are a consumer of at&t, or if you are a shareholder, here the shareholders own more than $500 million of at&t, they're saying, we want to know wha

the intelligence agencies, the realtor agencies, and the telecoms and service providers to provide a protocol that can be developed that will allow us to standardize and make effective a way for the small banks to have reasonable defenses, because we do not want to expose ourselves to the risk that a perpetrator would gain entry at a weak point of the ystem. that is a really, really important issue for us to focus on. we need to work closely not only with large banks but with small banks. they don't have the capacity to be able to defend themselves. we need a collaborative effort. the protocol would allow us to send it out for the small banks to have reasonable defenses because we don't want to expose ourselves to the risk so they could gain entry into the system. we need to continue to support effective cybersecurity legislation. i would like it to include the agencies to help in this omprehensive rattle. we have made a lot of progress. we have a long way to go. we're in this together. we have shared goals. we can make this a safe way to do business in the future. thank you. >> i would like to thank the staff of the regulatory agen

us who believe you want to break out to a genuinely personal health system fundamentally different model. this would be the big five. to find out who prison guards are. there's a little fireman telecom valley which aylett get wrong. i think it's pronounced iran s. i found that women who says that more at stanford, dropped out took her education trust fund, put it into starting a company. they spent 10 years designing a micro-testing system. as it takes just a tiny amount of your blood. all of you have been to the doctor. they can run a thousand different path. i'll do it for a week% of the current cost. the estimate is it saves medicare and medicaid combined $157 over 10 years. nothing to yourself, you want to see prison guards emerged? every hospital has it own lab. every national adversary corp. if they want to drop their prices 50% to have to invest in new technology. so every time you turn around go find prison guards around. the key is for us to develop a more exciting future and crack overrun. nobody volunteers that tonight donaldson moamer, would like to go out of business. they just took to win the fight for customers. >> mr. speaker, a clothing designer from huntington beac

telecom sector. but it's bringing efficiencies to the utilization. >> i yield back. >> this now the gentleman from ohio for five minutes. >> thank you mr. chair. and i think the commissioners for being with us today and appreciate your testimony. if i can start with chairwoman lafleur this is a question if i could. under the former chairman, ferc blank first initiative included the smart grid demand response integration of renewables and order 1,000 transmission planning costa locations. do you see that you would be continuing on with the former chairman and blank goals or do you have other goals? do you agree with those, disagree or where do you see a directing the commission? >> well it is a timely question because i'm just in the process of talking to each of my colleagues since it's been about a week that i've been in the job to really set consensus objectives going forward. but i see that reliability and security will continue to be a top priority. and that includes resource adequacy because you need the resources to be reliable which we've talked a lot about this morning. we have a lot more work to do on transmissions with order 1,000 as i believe the commissioner moeller said it's go