Communications in the subcommittee on communications and technology will now come to order. And the chair recognizes herself for five minutes for an Opening Statement. And i do want to welcome each and every one of you. Obviously a hearing of interest as we have a full room in front of us. And it is our first hearing in 2017 with a fully formed federal Communications Commission as often seems to be the case, the senate takes their dear ever loving time to get things done, but im pleased to see that the commission is back up to speed and ill tell you i am pleased that we have five members of this commission and they have different points of view to bring to the discussion on all things telecom related. I think that is healthy for the telecommunications and technology industry. Were here today to conduct oversight of the agency which is this subcommittees primary role. It is very important that we fulfill these obligations because we have given the fcc a Critical Mission and critical tas
Communications in technology will now come to order and the chair recogs ins herself for five minutes for an Opening Statement and i do want to welcome each and everyone of you obviously a hearing of interest as we have a full room in front of us. And it is our first hearing in 2017 with a fully formed federal Communications Commission as often seems to be the case, the senate takes their dear ever loving time to get things done but im pleased to see that the commission is back up to speed and ill tell you i am pleased that we have five members of this commission and they have different points of view to bring to the discussion on all things telecomrelated and i think thats healthy for the telecommunications and technology industry. And were here today to conduct oversight of the agency which is this subcommittees primary role. It is very important that we fulfill these obligations. Because we have given the fcc a Critical Mission and task to fulfill. From the commissionss Disaster Res
More pro growth policy. Deflation over weak demand. And bah humbug. The uk retailers are disappointing sales sent morse onnis and tesco sales down to the bottom of the stoxx 600. Announcer youre watching worldwide exchange, bringing you Business News from around the globe. Hello. Very warm welcome to todays edition of worldwide exchange. Plenty to get through. Its dday for some of southeast asias emerging markets as they size up the u. S. Quantitative easing. Well get the latest from singapore in around 15 minutes. Well be speaking to the ceo of exxon about how shale is changing the worlds biggest economy. After months in the shadows, Edward Snowden is expected to give testimony to the European Parliament. Thats around 40 minutes time. And the latest fomc minutes have provided some insight into the feds strategy for tapering. Well analyze all those details starting at 11 30 cet. If thats not enough, as the big freeze finally begins to thaw, well look at the economic impact. Its only st
Through a credit card or bank account. At the end of every billing consumers would pay for their Telephone Service plus the purchase is that a page from thirdparty vendors. In theory using a telephone bill as a way to purchase goods and Services Makes some sense as a lot of potential. And it attracted a lot of interest. As several of our witnesses point out in their testimony today and do it very well, the socalled direct Carrier Billing method payment could benefit and bank customers, and other people looking for an alternative way dead shopper mecca charitable contribution. The reality of thirdparty charges on telephone bills is a markedly different story, a profoundly different tale and the fact of the matter is that it has not lived up to its potential. The pennant platforms. Figured out a way to beat the system. Theyve found ways still on cram unauthorized charges and have been absolutely relentless in doing so. So today most consumers still did not understand, including some of m
The ceo of the unit steps down. Samsung flags up a sharp drop in profits for q2 as consumers in china and europe hang up the hand set. Announcer youre watching worldwide exchange, bringing you Business News from around the globe. A warm welcome to worldwide exchange. U. S. Regulators look to be turning their sights on germany on a crackdown on some of europes biggest banks. They have begun settlement discussions with commerzbank. The bank could be facing a fine around 500 million as part of the settlement. I believe in their latest financial accounts, theyve provisioned around 930 Million Euros for this. Given what weve seen from bmp, what does this turn out to be the size of the fine . Moving on, air france has cut its guidance. The profits this year could be 12 lower than expected, mainly as a result of overcapacity. Shares are trading lower, bringing down other Airline Stocks in sympathy. Weve got aig down just shy of 3. 75 . Ez jet lower by 2. 5 , too. I guess we shouldnt be surpri