[applause] ladies and gentlemen, welcome to the Nixon Library and welcome to this beautiful replica of the east room. I am Christopher Nixon cox a board member at this foundation as well as the grandson of the 37th president Richard Nixon. So it is really my honor and pleasure to have you at the library here today and im so happy to welcome you to the library. I see a lot of new faces in the crowd today which makes me very excited i see a lot of young faces in the crowd which means we have a lot of young conservatives. That is really great to see an i would really encourage all of you, after the event today to walk around the library its one of my Favorite Places in the world. I think the birth place is beautiful we redone a lot of exhibits in the library theres a lot of new stuff to see. Id course, you can come back and visit the archives and research into my grandfathers presidency. Theres so much to do here and im so happy to have you here today. But of course, today, we will big ag
Columbia law school, an expert on antitrust, copyright and Communications Law and a contributing opinion writer for the New York Times, including the master switch in the curse of bigness. Professor wu has twice been part of the politico list of 50 individuals transforming american politics and was named to the American Academy of arts and sciences in 2017. He received his bachelors of science from mcgill university. Fiona scott morton, a professor at the University School of management. Nationally recognized as a leading scholar and published articles in leading economic journals. From 2011 to 2012 she served as Deputy Assistant attorney general at the United States department of justice where she helped enforce the nations antitrust laws. The third witness on our panel is stacy mitchell, codirector of the institute for local self reliance. She spent years working with policymakers and grassroots organizations to help develop city, state, and federal policies to strengthen independent
The subcommittee will come to order. I again want to apologize to our witnesses. This is historic action on the house floor that has taken a number of Committee Members away from the committee. But i would like to get started. Our second panel of witnesses, the first witness on our second panel is timothy wu, the julius silver professor of law at columbia law school, an expert on antitrust, copyright and Communications Law and a contributing opinion writer for the New York Times, including the master switch in the curse of bigness. Professor wu has twice been part of the politico list of 50 individuals transforming american politics and was named to the American Academy of arts and sciences in 2017. He received his bachelors of science from mcgill university. Fiona scott morton, a professor at the University School of management. Nationally recognized as a leading scholar and published articles in leading economic journals. From 2011 to 2012 she served as Deputy Assistant attorney gene
Devices such as cars and Household Appliances. Among the witnesses is a gary shapiro of the Consumer Electronics association. And a number with the a number with the automobile manufacturers. The chair is authorized to declare a recess of the subcommittee at any time. Today, we welcome everyone for a hearing on the internet of things. Throughout its short history the internet has been transformative and powerful tool. It has a doubling capacity so quickly that by the time you run out of your short warranty, you in fact, have a product that can outperform the one on your desk. But the internet of things, which probably refers to a Network Connected to realworld items, able to Exchange Data with each other and across existing Network Infrastructure is a newer version of what now becomes the future of our lives and our communication in the 21st century. It is estimated by 2020, there will be 25 billion connected things. Without a doubt before we reach 2020, i will be wrong and there will
Americans are insecure about tomorrow. Our economy is not undergoing a downturn. It is undergoing massive transformation. It is like the Industrial Revolution happening every five years. The question we must answer is are we going to embrace it or are we going to ignore it, fight against it, and get left behind. In the absence of our leadership, which you leave behind as a vacuum. America never asked for this job of being the global leader. For some reason we dont fully understand, fate has given it to us. We either accepted or the world will become a darker more difficult place to live in. The chaos that follows makes the world more dangerous and less profitable. With that inspirational closing i think we should let senator rubio get on with his day. Will everybody please stay standing . Fair and balanced. Thank you every much thank you very much. Them political has put together 199 quotes from donald trump, calling it the most donald trump thing donald trump has ever said. A couple o