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Sirius xm is well positioned to offer testimony on these copyright issues. In 2013, we paid approximately 325 million in royalties to Record Companies, publishers, song writers and artists. We have paid over 1. 8 billion in music royalties since we launched service 11 years ago. Id like you to take away four key themes from my testimony. First, parity. Radio is radio whether it is am, fm, satellite. All companies should pay for the music they use on the same ba s basis. Continuing to exempt the terrestrial Radio Companies that dominate radio listening with over 90 of the market and generate over 15 billion in revenue is bad policy. Copyright law does not distinguish between am and fm radio based on technology and it should not distinguish between am, mf, satellite, or Internet Radio based on technology. Second, todays ....
Ed would really love to encourage those businesses to stay in l. A. And also in San Bernadino in that area would benefit from new manufacturing jobs. So each of these six states the way theyve been drawn really does have its own personality. And i think by getting closer to those states were all going to be better off. With that, im sure you have some questions and love to open it up. Thank you very much. [applause] friends, feel free to sit down. We can relax. I rather face the music. All right. So thank you to tim draper, author of the six californias initiative. You will be asking me questions. Happy to sit down. We do have the map that six californias has proposed. There are are the six states. And so let me just start with a question. I know we have many others. And i have some rooting questions. So are you serious or being provocative or do you really want this to happen . No, this is an opportunity. Im looking at it as a ver ....
Similar amount. Japan inflation rose to a 23 year high. In japan, they have been fighting deflation. A. M. Personal 30 spending and the fed watches if we have deflation. 945 a. M. Chicago purchasing Managers Index and at 9 55 a. M. , the university of Michigan Consumer confidence. Is next week a five Day Work Week . Yes, sorry about that. A couple of more weeks until fourth of july. It always feels longer because you keep telling yourself its a four day week. We callllow in radio that a holiday at length in the workweek. We are out of earnings season. Lets do a data check. There is a churn to the market. Everyone is looking to the ecb meeting next thursday. Equities are giving it up in the futures market after a terrific week for equities. The 10 year yield is there. Vxx shows you the bull market sense. Howard ward wil ....
That being said, the administration is threatened to implement a lot of their legislation to by executive order which gives them negotiating leverage and we have reports that president obama issued a secret address some of the collaboration between the administration and the private sector. Regardless we will see more action on Cyber Security in the first half. Legislation seems to be a difficult proposition. Go back to that secret directive, will that become public or reviewed by congress . It is difficult to say. It is not something that is reported quite a bit. But it addresses one of the most controversial aspects of the Cyber Security regime. Whether that is legal under current law because there is rules against sharing information with the government. So, again, there is little known about that but we do know that the government is insist ant that there needs to be some ....
Gerri foxbusiness. Com billion dollar merger of American Airlines said u. S. Air raids grounded for the time being for a top regulators say it is a no go for the bottom line. Florida republican attorngeneral sat down wi me today. She is one of six attorneygeneral to say it could translate into higher cost per cohousing with my first and foremost, obligation as attorneygeral is to protect our consumers. With the increased fligh of ticket prices are bag chairs or many other half hidden cost to affect floridians are tourist with interstate that is my obligation as attorney general in the state of florida. With american aid u. S. Airways mergers say previous mergers have made it muc more reliable. The income stream is much better. We have more flights and we will get it over a billion dollars of savings but keep in mind americanism vagrancies of a dozen have been then that company could doratis business entirely. What do you say . ....