And the fall in oil weighing on siemens earnings but the ceo expects benefits from cheaper cool. Emerging economies in india will massively benefit with a much lesser oil price bill and that will go straight to the infrastructure build up. And facebook and a number of other social media sites suffer a global outage with Hacking Group lizard squad claiming credit for the attack. Youre watching Worldwide Exchange. Bringing you Business News from around the globe. Blizzard conditions shutdown new york city and much of the u. S. Effecting millions of americans but it may not live up to the hype as one of the worst ever. Forecasters said it could dump 1 to 3 feet of snow from new york to boston but now downgraded the totals. Still high winds prompted several days to ban cars on the road and halt public transit. More than 4500 flights are cancelled today but its business as usual for the markets. You know, when we talk about the impact that this will have on new york city, this is new york c
He is our guest this week on the communicators. Commissioner welcome. The debate on Net Neutrality is a moving target right now on the hill and the fcc getting ready to do something. Whats the debate morph into at this point in your view . Guest first, peter thanks for having me on yet again and you picked a good time. The agency is em broiled in a number of high profile issues, Net Neutrality first and foremost among them. To me, the debate has morphed into a political football which i think is unfortunate because it obscures some Common Ground namely that everyone believes in a free and open internet. And i, for one, embrace as a part of that thenchairman powells four internet freedoms lawful content, applications of ones choice the freedom to attach devices to ones network and transparency in terms of service plan information. The question is how do we embrace those four freedoms in the context of regular ration . Regulation . I, for one, believe the bipartisan consensus that has be
Political restraints, this is a good thing. This is removing the con strant on theest maters that my concern is exactly what youre talking about. That theyll actually be pushed that congress would be mad if they say we dont know. Im very sympathetic because were just saying this is good for growth or bad for growth. But the problem is the answer should be no if we dont no. Do we know enough about this . Yeah, we know enough about this as just as much as efg educational that we score. I think we know a lit less. Im not sure thats true. Honestly. We know that the precise answer of zero is exactly wrong. Theres no virtue to being exactly wrong. By knowing that there might be an impact and saying well ignore it. So i think sort of doing this makes sense. Remember, this bill would probably not get dynamically scored. Its not big enough, the one youre worried about. This is only done in the house rule and should only be done for a major piece of legislation at large predictable impacts. So m
Its just over two hours. For those of us who have been in washington for a while feels a little bit like this person will say this and then this person will say the predictable thing and then marty sul van will say this and bob mcintyre will say that. So well probably have a little of that today. But our goal today was to move a little bit beyond the conversation about whether dynamic scoring is either the best thing to ever happen to washington or the worst thing to ever happen to washington. And, instead, to focus a little more on what is it actually mean and how do you do it. What were going to focus on today is skpaktly how it would be done. What assumptions youd have to make. What are the challenges that the jct and the cbo staff face in doing it. How can it be best presented so that members of congress and the rest of us have a clue as to what the analysis does. So this is a bit of an experiment. And, moving beyond the basic pissing context in washington to look at a little bit o
Who was convicted by your office in the late 1990s, his name was francois holloway, i believe i hope you remember him. There was a lot of press coverage on this case during your current tenure as u. S. Attorney. In 1995, mr. Holloway rejected a 10year plea and was convicted after a trial on three counts of armed carjacking and possessing a gun during a violent crime. Those subjected him to consecutive mandatory minimum sentences and he received a total ofic 57 years. Total of, i think, 57 years. In 2013, judge gleason, the district judge in brooklyn, who sentenced mr. Holloway, began a campaign on mr. Holloways behalf and sent you a request to vacate two orders of mr. Holloway no one argued holloway was innocent or wrongfully convicted or that his sentence was unlawful. No one claimed there was a problem with the trial. All mr. Holloways appeals were reject the case went to the Supreme Court which upheld the convictions. In fact, everyone agreed that the sentence he received was lawful