Good morning. Welcome to the subcommittee on communication and technologies. I am glad to welcome our witnesses back before the subcommittee. I know it has been seven months since we had you before us and i know we all missed the warm welcoming atmosphere of our hearing room. Despite that passage of time many issues that were of concern to us then still remain unresolved today. For example, i asked about the investigation into phone carrier selling the realtime location of nearly every american. Mr. Chairman, you told me even after more than one year had passed we still cannot tell whether this practice has stopped and could not say whether the impacted individuals have been notified and could not tell us that members of congress and lawenforcement had their locations sold or tracked and in june of this year you told senator blumenthal that you were wrapping up this investigation and with that recommendation shortly. That was six months ago. We still dont have them. Chairman sloan and
Morning. Welcome to the subcommittee on communication and technologies. I am glad to welcome our witnesses back before the subcommittee. I know it has been seven months since we had you before us and i know we all missed the warm welcoming atmosphere of our hearing room. Despite that passage of time many issues that were of concern to us then still remain unresolved today. For example, i asked about the investigation into phone carrier selling the realtime location of nearly every american. Mr. Chairman, you told me even after more than one year had passed we still cannot tell whether this practice has stopped and could not say whether the impacted individuals have been notified and could not tell us that members of congress and lawenforcement had their locations sold or tracked and in june of this year you told senator blumenthal that you were wrapping up this investigation and with that recommendation shortly. That was six months ago. We still dont have them. Chairman sloan and i wro
Better system. Thank you very much. [applause] do we go straight to the second panel or short break . Enjoy a cup of coffee and well will be back for more fireworks. [inaudible conversations] [inaudible conversations] [inaudible conversations] ladies and gentlemen if everyone would take a seat we are going to get started. If everybody just wants to get a chair. Unlike the Payment System we run on time here. We will have to do this the bob barker way. Founding fathers set down to ride the constitution in the summer of 1887 had been scarred not only by war but by series of sales monetary experiment, experiments with money issued by the state. The scars of those battles are written in the pages of the constitution itself which has a narrow view of what money w is. This is going to get quickly. That view basically sought legal tender is the endpoint. The moment history they were on the three banks in the entire United States to the plate is secretly prominent t role in money. Gold and silv
We think this is where they will unveil their galaxy as five. This is happening in downtown manhattan. We have also been talking about Mark Zuckerberg speaking from mobile world conference. He just wrapped up a keynote there. Tradeshow attending a like this is proof that mobile is a huge priority for tech giants like facebook. The company is fresh off their acquisition of the messaging platform whats app. Lets hear what zuckerberg had to save the big price they paid for the service. By itself, its worth more than 19 billion dollars. Its hard to make that case because they have so little revenue but the reality is there are very few services that reached a billion people in the world. They are incredibly valuable. This is the one service that gets to a billion people and ends up not being that valuable, i dont think i am. Zuckerberg spoke about the initiative to connect billions of people to the internet, saying there are economic benefits to providing Free Internet access to emerging m
How the russians may have helped him more than we think. He will talk about the latest in the ukraine, coming up. Unveils its first verbal software thatng is not google. To smart watches, and one fitness band. They also showed off the Samsung Galaxy s5. A look at what the new phone actually does. Sam got his hands on one. Take a look. This is the new Samsung Galaxy s5. I want to show you five things that are new. The phone was announced today. For starters, it is a larger display. This is 5. 1 inches. The old galaxy, only five inches. Also, you have a fingerprint sensor on the bottom. Sounds like the fingerprint sensors we have seen on other phones. On the back, there is a heart rate monitor. You put your finger here, and the phone will tell you whether you are about to have a cardiac episode or something. There is also better materials and a camera along the back of the phone. Galaxyiticisms from the were that they appeared to plastic. Plastic. It is also water resistant, up to 30 min