The likes of which they have not seen since 1933, in the midst of a downturn for the month, the likes of which we have not seen since 2008 here we find ourselves this morning looking at a market that will open lower. Your thoughts . You go up 19. 9 in the s p, you can have two thoughts. One is that was the greatest bull market ever the other is, boy, is this market dysfunctional were not moving the way we should theres very little volume yesterday the machines took the dow up 500 points in the last 20 minutes. Im keying on oil. I think oil is something that the algorithms are keying in i wish there wasnt algorithmic trading, but its here to stay the quants are in charge you know, lets bring back the smith corona typewriter. The quants are in charge, they took it up and now theyll cashier the market and cash it in lets come back to oil for a second it does get lost sometimes in all of the volatility were seeing and our focus on the economic crisis, on the Health Crisis, on the equity ma
But in this country it feels like who belongs in our demos and the people of our nations his nations highest calling. 10, 20ke up on december 16, picked up the New York Times, saw the headline i am prejudiced, and then we kept talking, and i want to show you the video because it started at cspan sometime before that, and i will ask you to explain the whole thing. [video clip] may be one of you guests can help me change my mind. I am a white male, and i am prejudiced, and it is something i wasnt taught, but it is something i learned. When i open up the papers, i get very discouraged about what young black males are doing to each other and the crime rates. I understand it is an environment of drugs and you have to get money to get drugs, fears, and iese dont want my fears to come true, you know . So i tried to avoid that, and i come off as being prejudiced. But i just have fears. I dont want to be forced to like people. I want to like people through example. What can i do to change and t
Funding level . Problematic changes mr. Pai we have not made any decisions on that score. Were trying to make sure the program works. Mr. Markey you wont make a commitment you wont reduce the funding . Mr. Pai were studying ways to improve mr. Markey ms. Rosenworcel, will you do that . Ms. Rosenworcel it is a successful one and i believe the changes put in place in 2015 have been successful. They have reached schools and students in every state across this country. Mr. Markey mr. Carr, will you commit you wont reduce the funding . Mr. Carr i have an open mind as to what the budget and number should be. Have to make a decision when the record is developed on it. Mr. Markey i havent heard clear commitments and i think thats very troubling to be honest with you. Because this is the democratizing force within our society as each of you made clear you believe that its key for our future. Reducing the fund something not going to help to make sure that every child in our country has access to
DemocratJessica Rosenworcel and brendan carr. This is two and half hours. This hearinge will get underway. Because we have time constraints i will forgo my Opening Statement and ask for unanimous consent to be put into the record and we will proceed directly to introductions that we are going to hear and hopefully to the panel. Senator nelson wants to make an opener and we will do that after we recognize senator roberts, the senior senator from kansas who is here and will open things up this morning. Senator roberts . Sen. Roberts thank you. Thank you Ranking Member nelson. And fellow senators, senator moran. And members of the committee. It is a great privilege for me to introduce a friend, ajit pai , for his reappointment to the federal commission. It is not often i find myself on the side, but i have to imagine that on occasions such as this i must be calmer than you are. [laughter] an. Roberts that is sort of inside story. My staff wrote that. I have no idea what it means. [laughte
Policy decisions. They are instead relying on noneconomic evidence, popular whims and fancies of the day to reach decisions that have tremendous economic import. Peter has it always been that way . Dr. Singer it has not always been that way. That is what the paper is about. Try to set up and low of influence over time. We have been in periods like this before. It is not the only time that economic decisions have been relegated well below the eighth floor. But, we have not seen anything in recent history quite like this as we have seen under the wheeler fcc. Peter you write decisions are often made under the tom Wheeler Administration that are devoid of Economic Analysis. How did we get that . Dr. Singer we posit that we think the fcc has largely lost its way in light of the authority or lack thereof that congress has given it. The telecommunications act, the last time it was revised was done in a day before the internet was on anybodys mind. The top of anyones mind. Theres not a lot of