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
Watch at 6 00 p. M. Eastern on cspan. And the senate gavels in sunday at 2 00 p. M. They will consider amendments to the current highway bill. Funding is set to expire at the end of the month without congressional action. We spoke earlier with a capitol hill reporter. With current funding set to run out at the end of the month, the senate is set to formally begin debate on its bill. Manu raju of politico, youre right that ted cruz came to the floor and accused Mitch Mcconnell of telling a flatout lie. Tell us what that was all about. Mr. Raju it was really a remarkable moment. Rarely do you see a senator going and singling out another senator in stark terms, accusing them of lying, someone within their own arty. And stashed their own party. And certainly a party leader. It just does not happen in a chamber like the senate. It is usually a very collegial place. Youre not supposed to address senators directly. But Mitch Mcconnell assured him and other republicans that the xm bank, which
Researchers, not just serves working. I hesitate to do this because he represented the state that is the most affected but i would love to see if someone has the courage to question the scale of money we give the universities for administering this. You look at the percent are part gets percent harvard gets. Come on guys, cant work that go straight into research . Sen. Warren let me ask you the question on the funding part of this. Should we be doing Capital Budgeting as a way to increase the funding substantially for nih . In order to fund nih, do we have to cut shortterm spending . Speaker gingrich we dont have to. I would take it off budget and issue an alzheimers bond. The longterm tidal wave is so enormous the most fiscally prudent thing you can do is to find a way to undercut that wave through research. I and happy to defend that notion anywhere in the country in terms of talking with conservatives. There is no all are other alternative that works. If you look at how the navy bui
Choctaw reservation last week talking about that. What are the sources of wandering . Is the universal service fund useful to you now and what would we have to do to improve its . Look at the federal government do in terms of funding for tribal infrastructure . Particularly for those tribes that might have more difficult the . Im thinking of the pueblos in new mexico or the tribes at the grand canyon smaller and less funding available. How were these funds helpful to you the once a helpful to the wants of we do have in these programs that we these programs that we do have are they . Thank you congressman pallone and you are always welcome. With usf funding Stable Funding mechanisms are critical. Where they have to develop the climate bank plans are land federal Funding Sources to be there to begin with. Providing funding for the structure build outs and that is critical to the longterm sustainability of these telecommunications providers. Are you using funds from universal service now
Those shares have been so volatile in the last several weeks. European equities, meantime, on news of this greek arrangement there, you do have red arrows mostly across the board, and perhaps not surprisingly, greece is the one thats getting the lift by 2. 25 . U. S. Equity futures at this hour . Well, after yesterdays big day breaking that sevenday losing streak, the dow would open lower by nearly 125 points. Here are the big stories were watching today. Greece and its lenders agreeing on bailout terms. A Greek Finance Ministry official tells cnbc there are still some minor details, but they wont affect the completion of the deal. The European Commission expected to comment on the deal at its midday briefing. On todays economic agenda, a few data points of of note for this datadriven fed. At 8 30 eastern, a first read on secondquarter productivity and costs, and then at 10 00, wholesale trade. As for earnings central, the consumer front and center this week. Among the Companies Set to