Preparedness response and communications will come to order. The subcommittee is meeting today to receive testimony on the state of First Responder communications. I now recognize myself for an Opening Statement. I want to welcome all witnesses here this morning on an issue that is vital to our Homeland Security. The ability of our First Responders to communicate. As noted in the 2006 national interoperable baseline survey, there is a, quote, direct correlation between effective communications, interoperatedability and First Responders ability to save lives, end quote. In my hometown of new york city we know this all too well. Both the first both the office of Emergency Communications and First Responder Network Authority were established in the wake of the communication failures of 9 11 and later in hurricane katrina. We have made a great deal of progress since those fateful disasters. States and localities have invested billions of dollars in their Communications Networks, including
Ride still means it is far too early to say hello. Welcome to bloomberg daybreak asia. I have some breaking news. South korea data coming in. Gdp numbers first. The final reading of the Third Quarter readings. They have been quite bullish in the preliminary numbers driven by exports growth out of south korea. 1. 5 are the final numbers, slightly better than the preliminary figures. Also, above what the preliminary numbers werent that were reported earlier. Inflation also coming out pretty tepid. A decline of 0. 7 . A retraction. No change was expected month on month. And year on year inflation falling short of forecasts, 1. 3 . It was estimated to be 1. 8 . And core cpi year on year toling short, 1. 2 compared the estimation of 1. 7 . Happening asion is the bank of korea raises things by 25 basins basis points. Have raised said we rates but it is still very accommodative. Paul it will be interesting to see what the bank of korea goes to next especially considering the weaker than expec
It was enshrined in law under president obama in 2015 but under the Trump Administration it looks doomed following a huge battle in the business world. Heres why. Think of your Internet Service provider as a motorway. Net neutrality means its not allowed to set up fast lanes giving faster access to some sites because they pay more. Or deliberately slowing or blocking other sites that dont us telecoms giants like comcast, verizon and at t have lobbied hard against it. They say the removal of antiquated, restrictive regulations will pave the way for Broadband Network investment, expansion and upgrades. But content firms like amazon and google say ditching the rules will give too much power to the telecoms and will make it harder for new start ups to compete. Injuly they led more than 170 organisations in slowing down their services to protest the proposed change. The debate is going on all over the world. The countries in blue already have Net Neutrality they make sure all traffic is tre
Reasonable, but i dont buy it i i cant plug in the same numbers that they are plugging in but these are really smart people over at mkm, mel. You and i both respect their work a lot, but i think were going to see apple top 1 trillion long before alibaba does, and then i think it will be another American Company that comes right on their heels you mentioned facebook and microsoft. They are both close, and i think boast those could also beat alibaba. In terms of the numbers mkm makes the argument that the 720 multiple by 720 and heres the kicker, they point out, pete, that alibaba has hauls blown away consensus forecasts and thats why they seetrillion fo them first. And i tend to agree with jon. I think apple actually gets there first but i think alibaba is right on their heels. I think they are second, and they have a great opportunity. When you look at the Growth Numbers that you just cited and some of the ideas of what they have done in terms of acquisitions of late, including in the
All bound by a simple set of principles, we want to be able to deliver the best quality, highest Speed Broadband to all americans regardless of where they live. We have work to do because there still are americans out there that dont yet have broadband and were aligned to make sure that we can actually provide ubiquitous access to all americans. Its a great mission. Peter what are some of the companies you represent . John than just this month, i was able to fly out to alaska too spend time with alaska communications, flew down from there to western new mexico with western new mexico communications. Both focused on Rural Communities and extending nextgeneration Broadband Services to them. All the way up to companies that are national in scope and ision. From at t and verizon, and centurylink and consolidated. Frontier, windstream. Its a consortium of companies that are very different and different vision Business Models but are bound together by a single vision to get more broadband ou