Was therefore 5, 6 years he was a legend. During the financial crisis this guy had faults. He used to get into big positions, saw the risks and reward and took on the trade. Mark a former colleague of the allegedly lash crashed rater, calling him a legend. We are live as he fights extradition to the united states. Welcome to countdown. Caroline coming up, youtubes 10th anniversary. We will take a look at how the video giant went from business to a global phenomenon. But there is one social network that will surpass youtube and videos in the u. S. , and that is facebook. The breakdown facebook, as they talk all things tech. Mark more evidence this morning that the slowdown in china falls to its lowest level. Hsbcs flash pmi came at 49. 2 making a mark for contraction. For more detail, lets go to zeb in hong kong. This is the lowest level we have seen in 12 months. Zeb yes, and it could get worse. New orders and prices deteriorating jobs shedding. This survey suggests that the peoples ba
And foreclose shures were mounting. When president came into office our economy was shrinking at an. 3 annual rate. The American People fought their way back from the brink. Cause of our nations resill resilience, we have seen our deficit shrink. Businesses have added more than two million jobs over the last year alone. Manufacturing has expanded while to Housing Market continues improve. At the same time our deficits are half what they were a few years ago. Even though progress has been made, our economy is not erforming at full steam. The pace of growth in hiring has ot been consistent enough, and the Government Shutdown and the debt ceiling impasse were examples of that brinksmanship. A manufactured crisis, but a crisis nonetheless. Even though we do not know the full exfent of the damage, we know it slowed Economic Growth and job creation in this quarter. What we should learn from this searing experience is that washington politics should not hurt workers and our economy nor be use
Us the tremendous cost one conflicting interests in spectrum are not resolved swiftly. One construction of Critical Infrastructure is delayed due to poor coordination between federal agencies. It is the people who rely on the infrastructure who suffer. Miss baker, yes or no, do you recommend congress invest to increase the technological expertise had both agency so they can more efficiently address conflicts when they arise . Yes, i do. I think that you have two great leaders and chairwoman and administrator davidson. I think enabling them to have more experts and more to show their it expertise, to show that Congress Actually wants them to be the final arbiter in spectrum disputes would go a long way. I appreciate that. I agree that we must ensure federal agencies have the capacity to do their jobs and both the American Public and commercial interest demand regulatory certainty and consistency. I look forward to working with our colleagues to ensure and tia and fcc are up to the task
Policy advocates, industry stakeholders and government officials testify in front of Senate Commerce subcommittee about the future of commercial spectrum for broadband in telecommunications. This hearing is just over 2 and half hours. [inaudible conversations] the hearing on subcommittee and munication scum media and broadband will now come to order. Today the subcommittee is convening a hearing on the future of spectrum. I want to thank Ranking Member thune and roger wicker for working to get this scheduled and to be here for this important hearing and also to chair cantwell for what she has done in this space, her staff and the staff of the full committee. The importance of this conversation, and coming together spectrum policy could not be more immediate with an upcoming deadline that must be met. Spectrum is a limited Natural Resource and the challenges are many. We have spectrum challenges across the industry, government, technology, policy, and politics. When we dont find solutio
To examine the potential impact of proposed reallocation. Any reallocation may require existing users to enter modified spectrum use, update modified existing limit, move services or accommodate sharing of spectra. The fcc and f tia have successfully reallocated hundreds of megahertz of spectrum across several bands. Some of these are complex and can last for many years. The recent reallocation took 10 years to complete. Others can be contentious if they may affect several operations critical safety systems. A Statement Today is based on our recent reports of Spectrum Management activities. One looks at an tia process to which the agency develops a planning process. Another looked at federal agencies coordination activities, specifically the extent to which an cia, ftc and others followed practices in collaborating other spectrum interference issues. With respect to the reallocation process at the time of our review, we found the end tia did not have plans of reallocation efforts from