Prices for the redemptions. This has roiled through this high yield space, as Many Companies have gigantic amounts of debt. They took on durg the days of easy, cheap credit in the housing days. Those days are over. And these junk bond funds, particularly the mutual or open funds, are proving to be disastrous investments. I urged you is to sell the stocks of any companies that are borrowing money to pay their dividends, which is the case of many of the oil companies. Now im including a mustsell for any mutual fund where you are risking your principal to grab a little extra yield. A mustsell. Ive urged you never to reach for yield since the show began. I am reiterating that admonition lets go to next weeks game plan. First, well be on the lookout for more stories about Mutual Fund Redemptions just like we had today. Theyre going to dominate the headlines, because Financial Advisors all over the country were calling their clients all day today, urging them to sell junk bond funds so they
Of canadian journalists and they will not like that, but i want to thank you for challenging us to reinvigorate ourselves and our purpose in this country. Glen greenwald, thank you very much. Thank you. Really appreciate it. [applause. ] thanks so much. Thank you, everybody. Thank you, good night everybody. A a discussion on internet regulations between content providers and service providers. And then a form on internet privacy. After that, president obama announces his nominee for attorney general. Cspan been veterans day coverage begins Tuesday Morning at 8 30 eastern during washington journal with an interview with American Legion director. And then it can 00, the annual uso gala. At 10 00, the annual uso gala. To the annual wreathlaying cemetery at the tomb of the unknowns. Afternoon, a discussion on a Veterans Mental Health issues, and that a selection from the medal of honor ceremonies. The fcc is considering a plan that would allow the agency to regulate how internet flows betw
Communicators we like to talk to the big thinkers on telecommunications policy. Joining us is university of pennsylvania professor Christopher Yoo, who runs the center for technology, innovation and competition there. Professor yoo, what is that . Guest it is research and education part of the school. We do research, hold eventses and sponsoring joint degree programs to train a new type of professional with both advanced legalling training, engineering and economic training. Host where does the technology and innovation come in when it comes to telecommunications policy. Guest if you look at the way we use devices, even back in 95, it was dialup. We have cable versus dsl. While this is projected to keep questioning through the roof, we now have not just a cell phone or data phone but typically a tablet, a cell phone that migrates on a wifi network, laptops. We have multiple connections tame, often in two hands and its a radically different world. Understanding technology include what t
Regulation. Whatever happened to that . Why didnt that get presented to the commissioners . Guest i think youre referring to a couple months ago there was discussion of a hybrid proposal, but that included title ii. And, in fact, there were several different proposals, all of which included title ii. So the chairman really had been considering title ii as part of a Net Neutrality solution. Now id say for about four or five months now. Host well, our guest reporter Gautham Nagesh, had a front page story this week in the wall street journal on the process guest oh yes, i saw it. Host what i wanted to ask was some of the Companies Involved with the white house according to mr. Nagesh are pretty successful companies. Why do they need further protection, as it were . Net neutrality protection, when theyve been successful up to this point . Guest well, the reason those groups and, by the way, chairman wheeler met with those groups in brooklyn, new york last june grouped like tumbler and kick
The field and youre playing a different sport. You go wow. Today it is soccer. Tomorrow it is baseball. It is that stunning of a difference. You no longer are going to be able to protect your ability to one thing and go out there and it is going to be very frustrating to people and that is why the structures and roles of leaders are going to be so dramatically different. To re they are going catch themselves looking at headlights and they are going to get run over. A question for about relations. Some people think it is an institutional issue. Some people think it is personal relationships that you have talked about so much. Im curious, where do you think t falls on both . Yeah, well, i think they are related. If you go back in history and look at what president lincoln put together and we remember how good it was when he and ulysses s. Grant the last couple of years of the war, it took some painful years to get to that. I think that ultimately it takes really good relationships. It ta