Data security, the way the virtual marketplace is used, and the way our constituents want to have a tool box to protect, as i call it, their virtual you online. So, we appreciate your time, your willingness to be with us this morning, and i yield back to the chair of the committee. Yield back. Gentleman from texas mr. Barton want to use some of that time . Thank you mr. Chairman. Ive served on this committee since 1986. Ive served with three of the four former chairman, mr. Wiley preceded me. Weve had some agreements, weve had some disagreements. So its good to have all four of you gentlemen here today. When i was chairman of the full committee, back in 1996, my commutety introduced a bill we call the coke bill, the communication opportunity promotion enhancement act of 2006. It dealt with national franchising, Net Neutrality, public educational and governmental access, e911 and what we now call void. It passed the house 321101, but it didnt come up for a vote in the senate. I voted fo
[inaudible conversations] [inaudible conversations] take your seats, and our friends in the audience would like to take a seat, we will get going with our hearing. Ill call to order subcommittee on Communications Director technology and thank our witnesses for being here. Subcom for this worst of what will be many hearings as we look to update the king occasions act. K few sectors of our economy ors. Equal to the communications and Technology Sec atorre when it ci to innovation, investment in the american economy, and jobinveste creation. In these tough Economic Times we as policymakers should begh ecoc committed to fostering this economy. Tering of the yet the loss the regular the industry are outdated at besthat and some are affirmatively regul damaging. Indu this is whystry chairman upton b i, along with members of the subcommittee, have decided to undertake the difficult task of updating the key medications act of 1934. Cmunica in the eight decades since itsht Passage Congress have
Chairman, thank you. Speaking of cops on the beat, well now go to michael copps, served as acting chairman of the federal Communications Commission from january to june of 2009, and served as commissioner from 2001 to 2011. Prior to joining the commission, commissioner copps worked right here on capitol hill, and the u. S. Department of commerce. Commissioner copps, chairman copps, thank you for being with us, and we look forward to your comments to round out our panel. Thank you chairman walden, chairman upton, miss eshoo and mr. Waxman, vice chairman, former chairman, all the members of the committee, im delighted to be here. Were here today to review whether the Communications Act needs to be updated or otherwise reformed. Ive heard some say that simply because the act is old it must be obsolete. That no matter how well it has served us an act written 18 years ago cannot have relevance in todays altered world. As someone only a little younger than the original act of 19 34r, i would
Eddie lou is at the pepsico Innovation Center in new york. Peter cook in the Washington Area with the latest on the crisis in ukraine. Matt miller has the latest on the c street see suite crisis. Alan mulally will step down in august, trying to make way for the ceo mark crane to take the reins. We looked at executives inside the industry and outside the industry, but alan and i cap coming back to the fact that without mark was the best kept coming back to the fact that we thought our quiz the best candidate. We really did the due diligence, but the more we did, the better we felt about mark. I am so confident in for going forward. I will be their best cheerleader. I cannot wait to see profitable growth going forward. I am very passionate about product. On leadingls vision the industry through innovation, because it is exciting and great for our customers, but it is the products in the innovation that first brought me to or 25 years ago. My colleague matt miller joins me in studio. Mark
Are economic warfare. The eu has accused jpmorgan and other banks of colluding to rig interbank lending rates. Agricole weret also accused. Taking on the ipad. Microsoft is going to take on the ipad mini. Satya nadella expected to unveil a smaller version of the today with a qualcomm processor. Cory johnson is in new york. If you fail to make an ipad killer, try to make an ipad mini killer . Go small or go home. Microsoft has failed in the marketplace with the surface. The push of a push of a push and are trying to the corporate deals and big sales in a large institution. They are spending a fortune on marketing and getting this out there in the public eye. They are getting Product Placement and every possible tv show they can get it into. To make it seem like people are using it but in reality people are not. Fundamentally is it not a good product . One of the things we see havening is market leaders this experience with certain apps and they want to stay with them. The product has no