Good morning. The committee will come to order. A little bit unusual to be here that Convention Center for an energy hearing. But i think it is certainly appropriate given the subject matter that we have today. I certainly didnt mind the short commute over here. But it is a great setting to be at the auto show, surrounded by the latest and the great the Auto Industry has to offer. Im joined this morning with vice senator stav no from the great state of michigan and she as if krjed me that while the washington ought so show is good, the detroit ought so show is great. So that might be the locale for our next field hearing next year on this same subject. I appreciate you standing in or sitting in for senator cantwell, our Ranking Member on the committee. I understand senator mansion will also be with us but he is enjoying the auto show right now and he will be here as soon as he can steal himself away from some of the latest and greatest. I want to thank the Washington Area new Auto Deal
Use by executive land holding agencies. In your opinion do you believe that gsa has done everything in its power to give life to the directives embodied in section 6409 which you referenced in your testimony of middle class tax relief act . Have they done everything they can . Mr. Chairman, i do not believe they have. As a matter of fact, im a former administrator myself of the federal agency and if i had implemented something too poorly that congress instructed me to do id be embarrassed. Theres an executive order by the president of the United States correcting gsa to move faster to get these contracts together and to date nothing has been done. Three years after Congress Enact this legislation, progress has been slow gsa hasnt been proactive. Proactive. I think our members are having to negotiate for each and every site individually just as they have in the past. Gsa has not implemented the intent of congress and we cant wait three more years for whats needed i think today. Theres a
The obvious infrastructure deployment requires the expectation of a healthy return on capital. That should be taken as a given but all too often in my experience the issue of return on capital is either ignored or misunderstood in policy forums. Its not a matter of whether a business is or isnt profitable. It is instead a matter of whether a business is sufficiently profitable to warrant the high levels of Capital Investment required for the deployment of infrasfrur. We that in mind, in 2014, the Largest Companies in the cable industry earned a very healthy return. The physical assets of comcast, time warner cable, charter and cablevision, the four publicly traded Cable Operators in 2014 all earned healthy returns in excess of their cost of capital with returns ranging from 13 to 33 . Those returns were unusually high for a capital intensive industry. On the other hand it should be noted the cable industry earned returns below the cost of capital for decades. Any longterm return on Net
Guest and thats the thing that really brought Wireless Technology to the public conscious and, consciousness and made people realize this is a really important technology. Its not just sort of a parlor trick. Host what did the sinking of the titanic in 1912 have to do with Wireless Technology and its development . Guest among other things, it sort of saved the mar coney Marcone Company or helped save it. There were a hundred Wireless Companies that stood up, but the marcone Wireless Telegraph Company a hundred years ago was sort of the dominant wire he company. And be yet even it had not been successful. It had tried to make a business of sending messages across the atlantic, never succeeded. It had gotten along by sending little Text Messages to and from the various ships that were traversing the atlantic ocean, and thats why there were two marcone operators on the titanic. The only reason anybody was saved off the titanic. And it really changed wire wireless and the public consciousn
What . To do my home washing. Unless you are in the right spot. Now techknow investigates the politics of technology. Can you talk about the companies. Its the haves, versus the have nots. Digital device right down the street. Missing . Exactly. This man has designed everything from bionic eyes to space devices. Some science. Hey guys, welcome to techknow. When you hear chattanooga, tennessee, youing dont necessarily think of a digital hub, but they have the fastest hemisphere. In chattanooga every resident has a whole gigabit. How long would it take to download a movie . Two minutes. The u. S. Rates 26th on the Global Internet speed. If you go right outside chattanooga, they are still using satellite and dialup, there is nothing else. It represents the Digital Divide we see around the world. Lets take a look. Its 5 00 pm on a thursday afternoon and High School Senior paton is at his church just tennessee. The church, most people come here to pray, but you come here for what . I come h