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"2018-05-17 19:57:25"
How Masayoshi Son is Shaking Up Silicon Valley
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"2018-05-17 14:05:27"
The Day Sweden Switched Lanes Forever
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"2018-05-16 16:18:33"
Singapore Isn't So Boring Anymore
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"2018-05-15 21:25:50"
The Robots Roaming the High Seas
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"2018-05-14 18:26:00"
The Story Behind the Iconic Air Freshener
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"2018-05-11 15:24:34"
Midtown Manhattan Is More Than Tourist Traps
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"2018-05-09 18:11:13"
Are Privacy Notices Filling Your Inbox? Here's Why.
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"2018-05-08 14:31:29"
Watch LIVE: Chelsea Clinton, Ashley Judd and more speak at the Bloomberg Business of Equality Summit
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"2018-05-07 20:55:04"
Monopoly Isn't the Game You Think It Is
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"2018-05-03 14:32:30"
The Global Ambitions of India's Hug-Loving Leader
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"2018-05-02 14:53:47"
Welcome to The City of London
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"2018-04-30 16:13:32"
How Starbucks Found Its Mythical Mermaid
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"2018-04-25 19:11:09"
No One Is Sure How Good, or Bad, AI Will Get
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"2018-04-23 16:39:35"
The Nike Shoe Inspired by a Building in Paris
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"2018-04-18 18:47:58"
The Hidden Life of Trump Megadonor Robert Mercer
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"2018-04-17 17:37:35"
The Soy Sauce Bottle Designed to Bring You Happiness
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"2018-04-12 15:21:04"
What 5G Means for Your Phone
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"2018-04-11 13:48:42"
LIVE: Facebook's CEO Mark Zuckerberg Testifies Before Congress | Day 2
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"2018-04-10 16:10:10"
LIVE: Facebook's CEO Mark Zuckerberg Testifies Before Congress
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"2018-04-09 16:53:28"
How Coca-Cola Got Its Curves
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"2018-04-04 16:32:06"
How the WWE Plans to Take Over the World
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"2018-02-28 15:55:10"
Apple, Google and Amazon Seem Unstoppable. Now What?
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"2018-02-27 21:33:39"
Apple, Google and Amazon Seem Unstoppable. Now What?
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"2018-02-20 22:42:18"
How Suu Kyi Went From Political Prisoner to Leader
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"2018-02-01 20:11:46"
How a U.S. President Orders a Nuclear Strike
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"2018-01-29 15:46:51"
Watch a Cryptocurrency ICO Launch From a New York Loft
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"2018-01-25 19:37:19"
How Jack Ma Went From KFC Reject to Asia's Richest Man
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"2017-12-22 17:05:14"
This Is How a Wooden Surfboard Is Made
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"2017-12-21 23:34:11"
How Bespoke Italian Leather Shoes Are Made
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"2017-12-15 14:14:40"
A Tale of Two Puerto Ricos
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"2017-12-14 14:32:48"
Thor Wants to Throw Down an Electric Hammer on Tesla
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"2017-12-13 14:54:32"
How an $8,000 Bespoke Bicycle is Made
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"2017-12-11 17:19:02"
360 Real-Life Mario Kart in Tokyo
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"2017-12-06 15:00:58"
Neon Lights Go Upscale
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"2017-12-04 02:58:25"
At 88rising, East Meets West, One Viral Hit at a Time
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"2017-11-16 15:06:26"
A Peek Inside Christie's Underground Art Vault
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"2017-11-08 14:47:15"
How Brexit Could Make Food Prices Skyrocket
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"2017-11-06 16:28:55"
Pooping for Science
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"2017-11-01 22:18:10"
Bitcoin: What’s Coming in the Year Ahead
\\the queen's meteoric rise detracting a ton of attention but is it ready for the mainstream mmhm JP Morgan chase C. E. O. Jamie Dimon recently called the queen of fraud and said the crypto currency prices are in a bubble that will eventually burst many investors have stayed on the sidelines as crypto currencies are seen as too volatile and don't have the safeguards and those financial assets to a number of hedge funds however are investing currencies and Goldman Sachs is reportedly exploring how can help clean trade did you other come regulated ex the recent coincide Toyota and are looking at food safety I realize so what is prevent even more widespread adoption regulation or the lack thereof in July 27 the SEC and that federal securities law may apply to some crypt without providing concrete guidelines and which one meanwhile China has outraged and I CIOS or initial along with the exchanges where and their trade guidelines for individuals that my trade crypto currencies also vary wildly entries like Venezuela going as far as putting miners and so what's next in the year ahead cryptocurrency community is eager for clarity from regulators on I see is treating mining as that happens more investors in and users could dip their toes in the water many have compared the current state of blockchain to the early days of the end a digital wild west teaming with operation and just like the internet there will likely be winners and //
"2017-10-31 16:53:22"
Julian Assange: Nihilist or Hero?
\\what does it take to change the world but because a cure to a pandemic a revolution all of these take either a lot of people thousands of hours or massive amounts of space but the jury decide all he needs is one room an internet connection and the world will listen the sun is located here and more specifically right here and from that location he's posted government secrets classified documents and leaked emails from some of the world's most powerful people and in doing so has been labeled a hero of killing a nihilist and everything in between this is Howard Australian programmer sequestered in the Ecuadorean embassy in London became one of the most influential and notorious people in the world born in 1971 in Townsville Australia a songs has always been on the move living in over 30 homes by the time he was in his mid teens the signs along with his mother in half brother finally settle down in Melbourne his introduction to hacking started at 16 he was given a Commodore 64 which you attach to a modem he attended the university of Melbourne where he studied programming physics and mathematics he never graduated but that doesn't mean he didn't get an education by 1991 Assan tactic to the Pentagon US navy and other branches of the U. S. government in 1996 he was caught by the Australian federal police in charge with over 30 counts of hacking a computer related crimes he didn't get any jail time but he was fined $2100 I think the first taste of what will come later as the hacking that he did this young programmer and that really sort of foreshadowed a healthy skepticism of the use and abuse of technology by government that's burned in silver I'm a reporter for Bloomberg investigations the sun is used as a hacker laid the foundation for him to start wikileaks in 2006 but what is wikileaks it's a website the posts unfiltered usually classified documents what separates it from every other media outlet is that they have no editorial higher with a publication like The New York Times information comes in the ticket information package it then disseminate it for the public to see wikileaks however cuts out the middle man weekly weeks gathers information most of it given to them anonymously so what they're doing is really very simple they could get the information in one and for gives it to them and out the other with sometimes minimal interference Julianus on just the leader of that the mastermind the creator and really because he thinks of it as a journalistic enterprise the editor in chief every story starts with the source in the sun she has some unconventional sources join the science is not hack as far as we know he is the recipient of people who were either insiders to give him secret documents or hacking emails from a foreign power that's Eli lake I am a columnist for Bloomberg and there was no source bigger for a son in Chelsea manning he used to be known as US soldier Bradley manning the 2010 many provided a sons and wikileaks with hundreds of thousands of leaked government documents wikileaks quietly began releasing the documents at February 2010 then made big headlines in April by posting what is now known as the collateral murder video I'm on fire who is a vivid graphic video change the debate on the Iraq war and importantly it put wikileaks on the map when they put it online and they couldn't be ignored and that and those leaks were just the beginning they went on to post more than 90000 leaked documents known as the Afghan war logs 390000 documents known as the Iraq war locks 0.25 of 1000000 private messages between diplomats called cables in what is now known as cable gate these leaks were met with very real ethical questions problem with publishing there's cables with that a number of confidential sources for US diplomats defaced real danger when their names were expressed then secretary of state Hillary Clinton drove the point home that every country including the United States must be able to have candid conversations about the people and nations with whom they deal shortly after cable gave the Swedish government issued an arrest warrant for a signs on allegations of rape and molestation each claiming elevations were fabricated to get him extradited to the United States acclaim the U. S. government denied either way songes next move was seek refuge in the Ecuadorean embassy which really was the beginning of a new chapter in his life and what we're doing right now which is him being stuck in London what was supposed to be an office in an embassy is now assigned his self imposed prison to this very day but that doesn't mean he slowed down since being trapped in the embassy wikileaks has released files about Guantanamo bay prisoners Syrian political figures and the draft for the transpacific partnership and then came the 2016 US election thousands of leaked emails should Democratic Party officials possibly plotting against Bernie Sanders is race against Hillary Clinton over the course of 68 days wikileaks released 20000 confidential Democratic National Committee emails in terms of the presidential race if you look right here when Assad's released the perspective emails trump actually takes his first lead against Clinton I think we've had enough of it also once we started exposing secrets of the Democratic Party Julianus ONJ became a hero to many on the right public opinion kind of which really from the emails we now know Hillary Clinton's campaign manager makes risotto and also how the DNC squashed Bernie Sanders campaign one thing we don't know is who gave a sars the sole emails in the first place many leading Democrats say they suspect it was the Russians they released analysis from a private cyber security firm that had said it was the Russians but Essonnes claims house source ... is not the Russian government ... and it is not state party so this is where we stand today the public still doesn't know who provided the emails to wikileaks meanwhile Assad is still running wikileaks and still releasing documents in March 2017 he started publishing documents from the CIA center for cyber intelligence called bought 7 the CIA the agency charged with finding and keeping our top secrets can't keep its own secrets as long as Assad has a connection to the world no government secret will be too far from exposure Julian Assange's still in the embassy maybe he'll leave maybe he won't kind of regardless his work has been done change the way people think about their governments about their own secrets about their own happily and really the world has changed //
"2017-10-27 14:03:07"
Tour a $16 Million Irish Castle in 360
\\we're an hour outside of Dublin in the Irish countryside standing in front of nocturne tassel which is a Georgian country house that's all on sale right now for 13.€5000000 or about teen $0 now that's a lot of money for any country house anywhere what makes this so valuable is the fact that sitting around 1000 acres that belongs to it so literally everything you can see belongs to the state there's 20000 square feet of interior space and our let's take a look so here we are in the main entrance hall which is obviously very grand and very ornate see the family crests on virtually every wall here and there and you can also see this pretty lavish ornament now obviously the hall is an initial statement about the house but it's also that entertaining this is the seat of one of the largest landholders in the entire county and also when the wealthiest and so he had tons of people over pretty much constantly on the entire ground floor is meant for entertaining so we are in the formal library which is much the same as it was when the house was built on you can see these walls of whether banned books which were actually ordered all mass by the owners when they built the house you can tell that no one 's ever read them because the pages are still totally uncut I'm so obviously this is a relatively cozy space but it's merely meant to impress there's whole lost soul highly ornate mantelpiece uniform plaster ceiling and then of course this floor to ceiling windows ... with heavy drapery that looked out over the houses thousands of acres the thing about a 200 year old home especially a 200 year old home scale is that things change I'm standing in what used to be the ballroom arm now it's an office and now I'm coming into the drawing room which are is now being used for puzzles and ... study so the thing is that this is a true country house it's lived in arm it obviously it retains this sense of stream wealth and grandeur but the same time really what a lot of people's ideas of a kind of old family home looks like this house in its own way is actually quite revolutionary in the sense that it was the first house in Ireland have running water first house in Ireland have electricity and the first house in Ireland just have central heating so as we ascend to the second floor where all the bedrooms are you can also see this massive dome skylight that lights the house so we're in one of 7 principal bedrooms in the house and then there 6 other bedrooms for children and staff and so forth this bedroom is notable because that's where Winston Churchill spent several months I'm in the twenties when he was here in Ireland during the Irish revolution obviously the house needs some work it's definitely not in perfect condition but you're not just paying for the house you're also paying for all of this to our left is a walled garden tour right are these rolling fields and what you can't see is literally hundreds of acres of agriculture several lakes and then forests in a game preserve on totaling again over 1100 acres the house is the centerpiece obviously but it's not the only thing that you're really by //
"2017-10-18 17:02:59"
How to Get to Space on the Cheap
\\most people who visit LA come to see something like that but I can to see stuff like this this grimy parts of LA //
"2017-10-12 14:43:49"
A Robot That Helps Sick Kids Go To School
\\coming to town you see if you look at our wits yes please how about that first time we came out with the dead said it feels like I've been released from prison do you want me services definitely definitely right if you say hello to everybody people she hadn't seen for months I did in talking I could we please yeah and every time anyone seen as they want to know why she's that and it's kind of the office of when you're in a real child and people see you and the kind of old web should I look I don't know I don't know what the right protocol is when there's a tiny robot with this bright little eyes going around just looking Hafey everywhere and it really opens up conversation because some friends Hey look yeah when I saw her for the first time I remember thinkin this is going to change things this is one of those points where if this was a book this would be the cliff hung up I have a condition called I was somewhat syndrome and which means that I have a lot of dislocations is a law of pain and and a lot of seizures and what not second and up and on my own in my room at the long period I Kim I love a lot of the time and with condition like my own of course is the pain and the pain is bad spends the dislocations a bod and the seizures and begin a process and never knowing what you gonna be able to wake up properly tomorrow that's spot but was was still is being able to count the number people you see a day on one hand you ready share arms open the connections Costa alright here we go one niece did just the same level meet said by me 3.5 window every day and you've been that for months being able to just see the sky from somewhere else all the tops of trees or sign is incredible or being able to have the kind of chap in the car that most people probably take for granted where the bus grandma and granddad seeking is in the way of did you take the jury yeah you can still take power and that's brilliant ray could before she would just be left and it moves in a battle over in the house with just a Cairo is it's quite small well to that so those were here this this question I'm busy maker at the moment what I'm not I'm backtracks and I'm not just and by in pajamas all the time am I in July and be able to dress is different height is and go to comic cons and that kind of thing and because it just lets you show a different side of myself and and it's a it's a fun if you gotta go out that often you've got a diet when you Dave it was off looks good it's one of those weird things where I want to not have to use pay because I want to be well enough to overlook press myself like it really makes a big difference to me to be able to going to school but the thing is of my condition look to it and all of that school reliably 5 feet and hi stands still fuel how the most value out and and it's pretty impressive ready tell the difference today and yesterday and how yesterday I forced myself to going to school when I was a very well and I was really tired afterwards it and yet have loads of seizures was today often able to do all of them are I've been able to keep a clear head and not be ill which means I'm able to be more focused on a school up so that is my first step of working is to simplify route 8 the algebra test is next week I n't I will try and make friendships which I'm able to maintain the thing full of laughs I've and run it gives me I hope yeah she's just alright is that and if the contes wouldn't she kind if I needs so assistance to be able to make commitments the cheese that she means that I feel like I'm a valuable person because a more reliable uhhuh //
"2017-10-11 18:57:51"
Can Elizabeth Warren Deliver for Progressive America?
\\Massachusetts senator Elizabeth 1 it's become a symbol of everything the Republican Party stands against everyone gets the right to basic health care we need strong oversight of respects the legal scholar and a consumer advocate turned politician weren't as Brennan herself as a champion of the working class and made a career out of standing up to big business while rumors of a 2020 presidency big remain just that I'm not a Senate seat is up for reelection and a team and Republicans are already pumping millions a few this is the story of how a lot professor and politician came to be seen as the biggest threat to Republican values and the greatest hope for progress of America Elizabeth Warren was born Elizabeth and herein the youngest of 3 siblings on 6/22/1949 Oklahoma City the middle class after waiting tables to help a family pay the bills worn became a star on the high school debate team she landed a scholarship to George Washington University at the ages teen 2 years later dropped out to marry your high school sweetheart Jim Warren by 1981 was a mother of 2 divorced and remarried had earned a bachelor's degree from the university of Houston a jurist degree from Rutgers and practicing law in New Jersey warned then went on to become an influential law professor teaching lecturing publishing highly cited work on bankruptcy in commercial law 7 universities around the country eventually settling at Harvard Law School but warned wasn't always a liberal why because of a foreign use to be a Republican actually that Stephen Dennis primary Senate reporter for Bloomberg around the time that Elizabeth Warren switch parties he became a fierce opponent of a Republican drive to make it much harder to file for bankruptcy she thought that for a decade it ended up passing anyways well efforts ultimately failed her warning calls were heard in 2008 we're in the midst of a serious financial crisis our entire economy is in danger ever that immediate action by Congress America could slip into a financial panic and a distressing scenario would unfold through one with with oversight she would excoriate bankers and their bonuses and their practices why should the U. S. taxpayer alone Kerry said your proposal serious so tough regulations which became the basis for much of the start Frank financial law that we have today that sort of catapulted her too national stardom particularly among the progressive left ncrowd by her newfound notoriety or declared her bid for the U. S. Senate on 9/14/2011 during the race for opponent Scott brown tried to derail Warren by accusing her of falsely claiming native American heritage a controversy that earned her the nickname Pocahontas nevertheless she was victorious and won the Senate seat by a comfortable margin she used her new tenure to challenge everyone from the banking regulators and treasury officials to members of Wall Street in Congress I'm really concerned that too big to fail has become too big for trial winning tough new laws to hold corporate executives personally accountable no one should be above the law she called for Wells Fargo CEO John stopped to resign for fraud which is the bank on student loans fairness act re introduced the 20 first century glass Steagall act 2016 after staying silent during the democratic primary battle worn finally endorsed Hillary Clinton and had some harsh words for candidate trump Donald Trump is loud in the end fraud was never risk anything or anyone and that is just one of the many reasons he will never be president of the United States but she was wrong the third guy men and women of our country will be forgotten no longer Warren wasted no time resist agenda have you ever manage to oversee $0 loan program I have not about $1000000000 loan program I have not opened the Donald Trump era Elizabeth Warren has been playing defense and trying to prevent Donald Trump and his cabinet appointee rolling back protections that she helped enact one actually found herself rebuked by Mitch McConnell for reading a letter by correct Scott king about Jeff sessions record on racism during his confirmation she was born she was given an explanation nevertheless she persisted but no became something that on the shirt bumper sticker slogan and that really galvanize a lot of support for it's been very hard for Republicans to get much of anything done this year and that at least in part to this resistance movement that Elizabeth ward and help champion we are why back novelist before like you millions of dollars are being funneled to defeat worn in the mid term elections in 2018 but it's the rumors of a 2020 presidential bid that is further prompted powerful donors to fund her opposition often using the same playbook constant and ruthless ad campaigns that many believe helps trump winning 2016 it's anyone's guess if she will adore what Hillary could not got a question for Elizabeth Warren is whether she can go from being a liberal firebrand somebody who can regularly get yes votes for initiatives in the Senate and 2 underneath here in the house and drive an agenda and whether she can bring together coalitions for political victories data the challenge to a mostly what happened //
"2017-10-09 14:33:35"
What Tulips and the Great Recession Have in Common
\\we inform bubble right now and is about to Paul first let's rewind to 2 decades ago and Greenspan famously warned of what he called irrational exuberance in the X. he market now the former federal reserve chairman says investors worried about excess in stocks or they might be better off worrying about bombs instead I think we are pending long marchers double dog makes you think of manic speculation people betting that prices will only go up like the infamous shoot mania the seventh century happen in Holland what prices that unit bulk skyrocketed and then something a spectacular collapse the problem essentially prices of tulips got way out of line got intrinsic value prices of bonds what they have been climbing for decades in recent years farming cost to governments had hit record lows in many around the world and we can easily points out 2 basic reasons for that one since the financial crisis central bank buying trillions literally trillions of dollars worth of bonds to stimulate the global economy S. boosted demand for assets in the U. massive white driving bond prices up I'm borrowing costs much much lower second point is low inflation Republican said reflection the enemy of bond investors consumable asses rides that eats into the real income of bond investors a market participants will command higher interest payments from powerless to compensate them years now inflation has remained stubbornly log that it's a futon environment for a strong bond market Greenspan's basic argument is that we're moving into a different environment an environment where inflation wants that at historically low levels for much longer an environment where investors will demand more compensation and bigger interest payments in return if you combine that with central banks beginning to remove stimulus and ending bond buying programs then the oculus essentially it could spell trouble for the bond market right now I think you struggle to find an investor who will tell you that they are seeing bonuses reminiscence of the tree that my nearest sentry to god but most accept the bond market is very expensive Greenspan thinks it's unsustainable and when cost is going to be bad for everyone I ... //
"2017-10-06 13:33:10"
How Xi Jinping Went From Feeding Pigs to Ruling China
\\NBI jumping is the most powerful Chinese president in decades he has many faces tough guy she corruption statesman she fight for trade nationalist shame reclaims land and visionary she aims to make China a great global power here's how a boy who was sent to the car shovel sewage Biggs pinnacle she was born in Beijing in 1953 as father she junk shown was communist revolutionary leader and China's propaganda chief who rose to become a vice premier before being perched in outside delong's Cultural Revolution at the age of 15 shoot 2 was affected by the Cultural Revolution he was sent to a rural village in northwestern China where he lived in a cave house dug into a hillside he was feeding paychecks you know he was like cleaning you know kind of toilets he was doing bombing in a in his spare time he would read books that's Bloomberg senior government reporter can shed a cover China's politics and foreign relations while living in the countryside he became a voracious reader picking up everything from Victor Hugo to Ernest Hemingway he took one of his sport time favorite books was that is called locks magnum opus das capital he'll read it 3 times over 7 years in 1975 she was allowed to return to Beijing where he studied chemical engineering but his work is a Communist Party member prevailed she rose to party ranks in the rapidly industrialized coastal provinces of Fujin at your job his big break came in 2007 with his promotion to top leader of Shanghai the job aided she's ascension to the parties all powerful standing committee setting him up to succeed hu Jintao as party leader commander in chief and president by 2013 the transformation was complete she was China's paramount leader there was nothing obvious in the early part of his career to suggest he would become one of China's most popular leaders have having taken power she's demonstrated his flair for hands on management strict Communist Party discipline he's launched a mouse style campaign to tighten up controls on ideology media dissent by arresting journalists and active and he has been over seeing them public harshest crackdown activism and human rights groups in the party's recent history in addition she has pledged a blizzard of economic reforms and ordered the biggest military overhaul the 1950 he has this great relief China totally deserves to restore his place in the world Chinese dream is the phrase he coined to contain this massive while she is seen as an able leader at home is only starting to establish China's new power on the world stage president Donald Trump is accuse she failed to curb the nuclear ambitions of North Korea so far he doesn't seem to be able to you got only North Korea because the fear about to collapse of North Korea and cause occurrences of that but she is the first Chinese president not to visit North Korea that has argued China isn't responsible for that and despite their disagreements over North Korea and trade she and US president Donald Trump hit it off when he was in Mar Lago on his first visit to the U. S. he seems to be totally is adamant he was telling the trunk about to do history of decorum peninsular and Thomas rolling out his grandchildren senior Chinese song for shit you can just how long their warmth report will last see back home she will complete his consolidation of power with the party Congress in Beijing in October 27 but roughly half of China's top officials will be replaced the questions now or will he use that power to force to reforms needed to revamp the economy and will China merge to rival the U. S. as the world's number one superpower //
"2017-10-05 17:53:30"
The Dangerous Falsehoods About Vaccines
\\for maximum protection from paralytic polio 3 inoculation the second given not less than 2 weeks after the first a minority of parents believe that the most life saving medical advance in history does more harm than good this group has undermined progress against disease in Europe and the U. S. and health officials worry about further setbacks considering who isn't Doris the discredited link between vaccines and autism couriers all torn and his old a child a beautiful child went to have the vaccine and came back and a week later got a tremendous fever got very very sick now is autistic here's the situation the vaccine backlash took off in 1998 when the medical journal the lancet published what turned out to be a fraudulent study linking the measles mumps and rubella vaccine the journal retracted the okay authorities 2 weeks medical the idea still took hold preventable diseases are on the rise again U. S. and the U. S. was music free into a number of cases spiked to 606 7 in 2004 it's worse in Europe where there were 4000 measles cases well because elevated levels in both places 2012 U. S. the choice not to vaccinate doesn't just effect in children unvaccinated kids often live in geographic clusters groups can lose her demeanor unity so protect if you look at the pathogen itself dies out in that area immunities lose her need those who can the reasons are young acceptable to in fact so to those who are immunized because no vaccine the argument the U. S. state setbacks in requirements school attend states offer exemptions religious or personal children some public health or delineating the and in some cases courts have a striking down a religious court cited in overriding in compelling public and children others worry that pull Siri for school attend harden the opposite //
"2017-10-03 18:16:43"
How Jeff Bezos Became the King of E-Commerce
\\in 1994 young Wall Street hotshot named Jeff Bezos was at a crossroads in his career continue amassing a small fortune or abandon all to sell books that decision would single handedly change the history of E. commerce publishing film T. journalism equip possibly interstellar travel that decision also represents a recurring theme in his life never settle never this is how Jeff Bezos took a simple idea into a garage and built one of the largest market places on the planet Jeff Bezos was born on 1/12/1964 as a child he turned his parents garage into a laboratory for his inventions in his 1982 valedictorian speech he discussed colonizing outer space interning earth into a giant nature preserve graduating from Princeton with a computer science degree instead of going straight into tech he had other ideas don't become a billionaire you have this insatiable desire to cream well power but I think he just looks at it in in a way that's where the difference lies to anyone else I thought that's Tom that counts member billionaires report will be like usually driven by success on Wall Street was the pinnacle for my scratcher you live very mathematical graduate degree set in his ways want like outlook quickly made a name for himself at 26 the youngest ever vice president of bankers trust companies 28 the youngest ever senior vice president of D. E. Shanto it was there that he discovered a giant untapped resource the internet he then begins right during 2300 and take you know what time it is mostly family never seen such a great opportunity he went through a whole Mister industry and if you think that for you the package ought to damage according to their office and like D. E. Shaw did not share for the opportunity of a lifetime business would have to leave Wall Street whatever it is that you want to do there's gonna be risking your life and risk is a necessary component of progress record should be packed our stuff up drove across the country and you are the legendary that while in the car he was writing the business plan setting up shop in his garage in 1994 he incorporated his book company under the name to Deborah it will look great when a lawyer heard it as 2 dogs B. Oakley landed on Amazon that's a couple of re-attempt may damage in the world for the largest compliance in July 1995 a bell was installed to wring every in its first month was on so all 50 45 to the bell was gone and we were I go in there dug into but this week we got hundreds thousands and articles today made by September 1995 Amazon process $20000 sales with its 1997 I PO Amazon was valued at $400000000 by 1999 Jeff Bezos is worth $10000000000 and was time's man of the year but soon after crash had people skeptical was Amazon a sustainable business with the bubble burst you know you do not better smart metering stronger ties my thinking and very content terms of the long term vision he had it knocked out decades where having the short term you was going to change that plan I think he'd give it up pretty well to its stockholders with crass eliminating many competitors Amazon strengthened its grip on the market an expanded beyond books the kindle Alexa Amazon studios and of course now I'm really crying what does Israel people into the Amazon each and the much more inclined to be buying a lot more weather maps right and that has been the biggest gripe programs and incredible revenue growth yeah historically Amazon has seen modest annual profits you know we're gonna cash going through the company yeah I will present as it is not written in that show green but not in the company sure it's cool produces little signal for the coolness moon shot orca my vision from Lawrence and millions of people living and working in space this is such an ancient Amazon alive call from Jeff conveys all is now the richest person in the $250000000 for the storied Washington post his acquisition of The Washington Post not only raised eyebrows would put him at odds with another well known billionaire if not the Washington post tab political influence if I become president all do they have problems they can have such be looking from pretty if you don't know it can get trump is pretty reactionary carbon motion will it be normally covering responds I want you suggested we wouldn't Crandall from space you know I have a rocket company so the capability is there few businessmen choose to make an enemy of the president but having built an empire out of the garage Jeff Bezos has proven capable of handling any adversary specially complacency //
"2017-09-22 13:41:12"
Finding Love in a Hologram
\\I think there's that how did n't like for study what I might say they don't do them all something that political issue when you gain joint one thing about a problem and I get it one might think you're stumbled up on starting today live here Japan has a problem with loneliness almost 70 percent of unmarried men and 60 percent of unmarried women aged 18 to 34 I'm not in any form of relationship with the opposite sex this relationship crisis has spurred a multimillion dollar virtual romance industry which aims to build the emotional void through technology meet minority to catch it the founder of cake box a Tokyo based startup working on and a I powered device with a virtual character for lonely men thinking skills that and not if men hit on a weeknight capitalism has kind of taken up that I at 1:00 meaning they'll make dealing with their money yeah my love will not help us to create a portal that I think that outside is that they didn't like it could fit in my unit most often out of them and so they can listen okay tickets his device can be linked to your smartphone making it possible to create a sense of relationship when you're at work Hikari might send you messages like come back home soon but it's a disturbing vision of a relationship allowing users to retreat from human relationships into a fantasy ... the dream of creating a virtual companion dates back to childhood at the age of 10 he to allow the N. F. mom he didn't speak the local language and make new friends at school the characters from video games and all friends I put it on a certain level of the idea wasted dating or not it's the least the putting on Seoul Irish Julius all models nothing I lost 8:00 we get off of the again I look at it it will not get up succulent the hologram like virtual wife is a relic of male dominated relationships from decades past but this hasn't stopped single Japanese men from placing orders to catch he says they've got 300 pre orders for the prototype which has a price tag of ... $700 NJIT these women can also have virtual boy things Tokyo listed company voltage created a Pokemon goes like well committed reality game allowing users to take their virtual lovers anywhere n't in another virtual reality game uses play a woman sitting in a chair was option to a rich man who they skipped I thought you were fine yet here you are well up front that you could come up on deck games ideology and I need to fit him into law on the open market CNBLUE's unsettling game plays to a female masochist fantasy teams may be upsetting to some spot on the streets of ikea bara Tokyo's anime and manga area no one was squeamish in fact they liked I already that shooting pool of though day there's nothing I wake up ... as the we love the let us the plot of anything but I don't I didn't think about it like you got coming up yeah once again it is good yeah Japan is developing the companions different forms or I believe avoided human affection ally or going on all 421 0 and partly because in the first place given economy feeling all but release virtual companions strife uses further away from real human relationship and the complexities to go with you may respond either yes or okay I expect you to keep me entertained //
"2017-09-19 14:49:39"
Indians Turn to Phones to Find That One in 1.3 Billion
\\the ... I met him first online I found him to be really sweet I think I was the one who was talking but in ours uses his name then be mentally and he's already she was when intelligent and kind which was I mean something that I was I was I insurance to meet a one of about 12000000 couples to get married in India every year unlike their parents generation then not from too close villages but from 2 cities on opposite sides of the country and their love didn't stop through community matchmaking marriage brokers all classified ads in newspapers began on line so may lead to demands that the dog because 6050 an online portal baby have be did profile of different grooms and brides it makes a lot of anymore profile who it would look good in a distant areas more accessible humn thanks to growing internet and smart phone use match many websites and apps in India are starting to disrupt the match making industry more and more people finding that pot let's amounts she then said where ensuring sumit met is one of the biggest players young Indians looking for love set up profiles including that cost and horoscope but the criteria for choosing spouses peers to be changing we have seen that shift from you know trainees to cost community conservative MP was something they'd which is more focused on education by men June Sioux meets marriage was initiated by their parents but Martin in it's like them have more input than previous generations you know Bob Dole then tool agreed for the privilege of a close family I decision that he wanted to be with each other you I used to then the band needs PC gaming use far into getting a hug and that that's outlined in Michigan American time flies when you're in love and just 1.5 months after they first met online couple got engaged decided to hold their waiting for less than 3 months later but planning a traditional Hindu wedding on such short notice is no easy task the massive event usually lasts 3 days has various ceremonies and celebrations and involve the entire 2 families and hundreds of guests luckily their websites and apps for that the the lean side door lane me god in touch with bedding visited including a best finalize the venue post makes things so much faster than inflation I startups like the winning brigade a challenging traditional wedding planners in this $50000000000 industry it provides various services from booking banquet venues to buying wedding gowns the website makes money by charging commission from vendors opened all one to be limited to what is available around them they want in on the entire range options available before making a decision now it's easy to find almost everything on 1. then choose to meet are officially married in a ritual that has gone on for thousands of years their love started in a very new way I technologies might be changing the way couples meet date and get married in India the deathly not changing everything the technology was always the first level and that he could get to find each other everything else was a lady the motion then feedings things I I //
"2017-09-18 15:31:25"
The Way We Get Power Is About to Change Forever
\\nnova cloud looming over the future of clean energy it's called curtailment and it's the biggest obstacle to winning the world off fossil fuels all pretend it happens when we actually produce too much wind or solar power at certain times of the day we have to just send it down but what if we sent that extra like Tricity into giant batteries the use when the sun goes down in the wind stops flowing that day just might be coming sooner than you think uhhuh the easiest way to cut Hale curtailment would be a massive explosion of energy storage ideally battery just one problem trees are still way too expensive mmhm take a place like Texas corner of the electricity from the Lone Star state comes from wind when the wind dies down Texans just I up in natural gas power plant to make up the difference battery prices would have I have in order to compete with those texts in natural gas plants today the sun one tenth of one percent of the world's electric spend anytime in the storage bad and even by 2040 best forecast say that batteries will make it to 3 percent of the world's power supply but consider the experience care renewable energy is a technology not a fuel so prices follow what economists call and experience curve the more solar panels we make the better we get at making them in fact every time the number of panels in the world doubles the cost to make them drops by 28 percent solar powered just recently became the cheapest electricity in the world and it's only going to get cheaper and it turns out the same thing is happening with batteries as we build more with electric cars electricity storage batteries plummets it's already dropped 80 percent in the last decade you could do the same thing the next at those prices battery storage in a place like Texas suddenly becomes a no brainer we're already starting to see it happen in places where the electricity is expensive in Hawaii the rainforest island of kawaii swapped its fossil fuel power for solar plus batteries in Tesla has made deals in California in Australia still the world's biggest battery fields the battery barren you on musk says his newly built massively populated giga factory will spit out batteries faster than bullets from a machine gun it will single handedly double global supply and he wants to start building at least 2 more giga factories of musk is in for an arms race Chinese companies say they'll build capacity for about 3 giga factories where the batteries by 2021 Samsung LG chem and others are also joining the fray now this is not a done deal if the battery revolution is going to work tens of millions of people must switch to electric cars over the next decade to feed the experience curve but there are also new technologies coming soon like the silicon anodes solid state batteries and lithium air that could skip ahead on the experience per by more than a decade making battery powered trains ships and even airplanes possible so imagine a world where city skies are clear of pollution and where electricity is cheap and abundant it's not crazy to assume that 20 years from now over half the world's power will come from nature backed by batteries and all might be happening sooner than you think //
"2017-09-15 13:00:02"
This $400 Robot Can Wash Your Windows
\\ //
"2017-09-14 13:29:20"
Luxury SUV Test: Audi Q5, Porsche Cayenne, BMW X5
\\mmhm with SUV is growing in popularity it only made sense to get some on the show so in this review we're going to compare 3 of the best rated luxury SUV on the market isn't going to be easy we got our hands on an Audi Q. 5 of the Porsche cayenne G. T. S. and a BMW X. 5 I decided to spend a day in the Hamptons with each of them to get it indepth look now this is the case you 5 it's Audi's mid size SUV and it starts at about $41000 which is way more affordable than the other 2 cars that were looking at this is kind of like the hive phone of luxury SUVs is designed so well but it's also affordable within the segment this is a 4 cylinder all wheel drive 7 speed automatic with paddle shifters tuner 52 horsepower and there's no lag immediate power needed response many selling gas there the I've has by far the most futuristic interior of the 3 cars momentum all its clean the sunroof spans the entire width of the ceiling it's really cool there's plenty of room for 5 adults lots of headroom but this is the smallest part of the ones that were testing the trunk is 29 cubic feet which is in the middle of our range family on a trip might have trouble fitting everything and there are other cars that are more powerful that look more distinct was also really affordable and how he is really a sweet spot but so how did yeah the immediate response really made me feel in control the horsepower was a little weaker at 252 and the 20 this isn't looks wise it was a bit conservative it's the smallest of but with a sleek interior and the price 41 this as the BMW hybrid 56 miles in the electric motor so it's right the electric motor what you won't find is feels so the interior it's not as futuristic it's not clean also a little full of gauges does feel like the room is 3 I think a lot of it has to do with the natural light the most visibility for sure and with the seats in use trunks still comes up with nearly 36 cubic feet which is mass to recap for handling was exceptional 3 Attorney horsepower is middle of our range and an amazing 56 miles per gallon with the combined electric motor it was sporty without being over aggressive the roomie as though with a tone down interior and a $62000 it's mid range for a selection n't now the third Carter group is a Porsche cayenne GTS this isn't a higher tuned version of Porsche's cayenne and it starts fittingly at $97000 by far the most expensive any carve our group and it's also the most powerful or show that among the first electric car makers to introduce an esteemed me it really sets the standard for a lot of things engine here is a 3.6 liter turbocharged engine wired 40 horsepower almost doubled horsepower Audi 443 foot pounds of torque I mean definitely feel it really push the gas the thing that you notice are the bug and levers and knobs and vin you're someone who likes to play with you know of this car this truck was actually the smallest at 24 cubic feet but after you put the seats down you'll get by it drives fast it fills a really juries inside it's really to look at because a lot of money okay this car was the most powerful 440 horsepower and 434 foot pounds of torque unfortunately only 19 miles per gallon invite this is a true sports car in as you before it had decent space and the interior was loaded with gadgets but the downside I'd say is price $97000 means this car will dig deep into your wallet the luxury SUV segment is a come how did it feel there are a lot of really confident players and these 3 are all excellent vehicles however after 3 days of driving I felt the BMW checked the most boxes in terms of performance agility style and value was it the fastest or the most powerful no but it was the most versatile well moderately priced for a luxury SUV with the largest interior the most visibility and the fact that it's a hybrid with a 56 miles per gallon rating that just pushes it over the edge this car is a great value and anyone would be have do //
"2017-09-13 14:26:05"
Outer Space Is About to Get a Whole Lot Closer
\\and that's what our world expanding to a base on the moon or any internet that comes from space it all might come sooner than you think the biggest thing keeping humans from invading space is the cost of rock let historically getting to orbit is good price somewhere between 100000000 and $300000000 a pop that's kept the pace of launches stock but only around 100 per year but if you look not so far in the future there are signs that number will go up well SpaceX prove that companies can get to space on the cheap that also come back home they've brought the cost of large down through hundreds of millions to tens of in the process they've ignited the 20 first century rocket revolution and now about 10 start ups are chasing them to space the leader is rocket a company that launched for the first time this may from the coast of New Zealand with the rocket forged from carbon fiber and powered by 3 D. printed engine they hope to fill their small rockets with tiny satellites in charge customers around $5000000 for on demand access to space they plan to start launching rockets once a week and then every day but there's just one problem with all I could not someone's going to have to buy rides on all those rockets that demand for space rides will come in the form of nanosatellite with tiny offspring of traditional companies like Google SpaceX Samsung another have big plans to send thousands of these cubes into space to be internet back to the entire planet the small space ships would for massive constellations that encircle the globe with at least 3 times more satellites in humanity is launched its entire history but it will take a lot of rockets to get there's also a buzz of a private boom base that would cost around $5000000000 that's a hefty sum but if you happen to be one of the richest men in the world and on a rocket company probably won't bankruptcy and getting all that stuff to the moon then we're talking even more right now the supply and demand of space are stuck in a bit of a stalemate a staring contest see which will move first but the cost of lodges dropping and fast when the demand curve in the supply curve meets 100 lodges in here will become 365 a large every day and maybe more that's what will become a truly space faring species and it may have been sooner than you think //
"2017-09-11 15:20:57"
China's Largest Gay-Dating App is Transforming Society
\\though the better known as gun law is one of the 4 grand marshals leading New York's pride parade this year but in the country he comes from being gay is still social a boom CEO of Beijing based internet come is on a mission prove the lives of millions of we made out of your international she should do what our please you needn't which items you when Christian young right on Logan tuition so Myron guy US officials WNED loves company new city XenApp and web sites gay men food is one of the biggest gay social networking apps in the world with an estimated 30000000 bridge that you unlike most other apps route is more than just dating I don't care if I wanted I'm getting to have that you that you got a whole can you go to war someone the NATO okay do you know who I was Xiapi your country for back into mas studied at school in northern China he realized he didn't feel like everyone else yeah we don't only because you're out Hey I shortly Tahoe kind of policing them have shown what fire killed you're going to see any financial hole at all what I want you to hold down the shift that our whole she won the Gulf War that you but on a shifting well I hustle is you see the washer forum over squad clothing and all Benji Delphi elevated our holy Oceania after visiting some foreign websites with different attitudes to homosexuality not created his own site for Chinese audience encouraging people that and if you don't call it home I believe that they are able to shop nnova new attitudes towards homosexuals are slowly changing in China it's still a social stigma virtual world blued both in the well he the most striking contrast to their real lives live streaming function added to bloom in late 2015 right as the internet craze was starting to take China many self made stars like gin make decent amount of money they receive audiences virtual currencies gifts sure truly a juncture June Klaus who've come out live streaming on polluting different sure team always sold off Wilson you see you don't shoelaces usual in their own kind knowledge that you need to send the aid system long on Wall continent wasn't 1000000 wishes the government's rules for acceptable content online may shift Klay in China with L. G. B. T. material in the gray area many companies feel the chill of the recent internet crackdown blue cities still runs as usual ma has won the Chinese government's trust by helping with HIV prevention among gay men a third of the company stop at dedicated to screening pornographic and politically content well huddling ancient because but only if you define you can give them the show would you think that what we're going south uhhuh past 5 years blue city has grown from 7 people promising to about 200 stop ma said the company and of a 15000000 US dollars last year mainly through advertising and selling virtual currencies to live streaming audiences now the company is expanding overseas wish you a lot more than we need but do you know what which until Kita tell me for Stockholm earnings also Shumsher well //
"2017-09-08 14:23:53"
Tour a $17.75 Million NYC Penthouse in 360
\\so we're in the great room of a 17.75 $0 round if the second floor of a building called 56 Leonard which is designed by a Swiss architecture firm called her talking to her on now because we're on the 50 second floor we can see the entire curvature of the island burns down to the tip we're in tribeca on the corner of soho he's in one of the most southern most areas aside from the views you have the living room you have the dining room kitchen it's also designed by her talking to her on this counter top is something that they colloquially called bibbidi grandparents out because she you know while the kitchen itself seems like it's minimalistic sent that no one ever actually use it the majority of the small appliances are hidden it's obviously open concept but at the same time this is a pretty intense formal comfortable space there's even a burning fireplace which is a total rarity this is a fantastic use 14 for high ceilings and floor ceiling windows looking down on a chair in the southern tip of see all these boats only I mean you're looking at the daytime obviously it's going to be what the master bedroom also has its own private balcony it's one thing to use if you behind the plate glass window and it's something else actually need any open air looking out you can literally I hear the cars down below you can see people moving but of course if you were pretty much unbeatable in this master bathroom you have a really nice feature where the medicine cabinet are panelists it outwards so that you can save space not you really are concerned the space you have this apartment the bastard aloneness elasticized studio apartment they're not just 3 bedrooms all of them have the same 14 foot high floor to ceiling so this is what a 17.75 $0 permanent now the price per square foot is run $1000 more than that average luxury price per square foot it happened but of course the average luxury apartment is it on the fringes or is it new construction so is it worth it I guess that's up to whoever has 17.75 $0 just I ... //
"2017-08-28 21:37:07"
Kim Jong Un - Nuke-wielding Madman or Astute Dictator?
\\Kim Jong hoon is portrayed as a gaudy North Korea and a lunatic tyrant brought the supreme leader has tangled with the world's most powerful man including the president of the United States Donald Trump who pulled Kim on the madman with nuclear weapons this is how young man his late plantings became the supreme leader of one of America's most fear nations I love the Kim dynasty began in 1948 Kim's grandfather Kim il sung founded the democratic people's Republic of Korea the great leader room for 45 years before he died of a heart attack he was succeeded by his son video leader Kim Jong il until his death in 2011 also from a heart attack then the third Kim Kim Jong hoon took the top job no 1 is sure when the latest Kim the supreme leader was born old well other than it was either in 1983 or 1984 he is the son of one of several women to have had relations with his father Kim Jong il before his ascension Kim was barely seen in public up bringing is shrouded in secrecy he's widely thought to have been educated at a private school in Switzerland no one remembers seti the little beat do know about his childhood according to his post sushi share Kenji d'amato according to Kenji Fujimoto as kindling going to adulthood he love smoking you've oxymoron cigarettes enjoy drinking Johnnie Walker whisky had had his own a Mercedes but it's 0 which is a very expensive luxury sedan when his father Kim Jong il started having health problems propaganda campaign kick here to thrust his spoiled son spotlight when his father died him power solidifying his control through mixture of charm and brutality he broke with the reclusive style of his father blind veiling his wife diesels you and making numerous pop he is also used his love of basketball to engage in diplomatic theatrics inviting former NBA star Dennis Rodman back to Pyongyang fifth time according to diplomats in North Korea you know Kim Johnson and likes to drink likes to party all night Dennis Rodman is it has talked about that he totally recruited many young thing for inside it attainment troop on the flip side Kim is used fear and control to keep rivals in check executing senior members of the military excluding several of his defense ministers and his uncle south Korean report says Kim personally ordered the ex 140 P. first 6 years in charge but it's his single minded the weapons national immunity on edge host of sanctions China and the US I've done little to stop or even slow Kim's ambitions I think the perception is that or at least with looting gunmen is that he feels that having a nuclear weapon will give them greater leverage in any talks turning the U. S. and with the Kim is capable of an effective the strike is open to question but his aggressive rhetoric and regular missile tests troubling the international community doesn't help that the president ice is causing a mad madness senator because of it a fat kid these images actually really be lie he has to leave whether it's a dictator or not he has been able to maintain troll absolute control over the kind mad men forced you operator either way Kim Jong means political ambition it's regime on a collision U. S. as well as its neighbors standing army of 1.3 0 7.6 0 more in reserve North Korea is on a permanent war footing and ready to roll across the border South Korea //
"2017-08-28 14:55:16"
This Bat Locator App Will Make You a Citizen Scientist
\\did you hear that beating buys that was fantastic to see them Daniel Gustafson is something of a citizen scientist not a scientist per se but someone who voluntarily collects data that's necessary for the study conservation species she also leads people on walks in new York's Central Park to observe and understand the only flying mammal in the world bats you always just no enemy that course not course who picks battles you did or maybe bats picked me parents suffer from incredibly bad PR there a lot of Dracula connotations and turned vampire bat connotations while Batman seems like it actually does a few good things for the bats except when they're actually on screen pretty much anything you want to know about fats and New York it hasn't and spend it quarterbacks first so Corley's study the citizen scientists movement around bats and other creatures is being lifted by small audio technology company called wildlife acoustics well it's not burdensome Friday basilisk the whales in our customers are on the front lines watching major shifts arm in arm with with warming climate some sort of movement to feces now finding broader ranges where they didn't use to have what effect that has on the ecosystem recently they've turned their attention on hobbyists and citizen scientists the bat detectors that we have now used to cost thousands and thousands of dollars and only professionals have them but such acoustics makes a range of listening devices and apps for iOS in an like songs with a $5 out that's like the shoes and for bird song and one of their recent releases the eco meter touch too is basically this is Sam for bats for $79 you can plug this little accessory pulled up to a night sky and listen for backs the free app that comes with it can identify them based on what the echo locate because all 9 species of bats in New York echo locate in different ways and for that reason did you know they all have different years to help them catch sonar in different ways some guys are looking over 100 kilohertz around $50 this is way beyond our range here and it's way beyond this microphone select trial expires on the device brings it down to a frequency that the human ear can hear and that's how you know when to look up and as they get closer and closer to a prey item they start echo locating faster and faster in the very end when they're right on top of like the mafia it sounds a little bit like someone giving you the raspberry so it's like it's incredibly cool so far there's no public database for citizen scientists can upload their data that both Danielle through her nonprofit bat conservation international and while this coup sticks say it's something they want to create I will also say I had kind of a dream to have many people conducting that walks so kind of like it becoming a thing so just so you know it's a thing in England people are they figured out that is kind of fun to listen to mass because what we think that it's a kind of addictive it hasn't exactly caught on but I'm thinking this technology the new technologies mobile technology could change everything uhhuh //
"2017-08-23 19:03:21"
Berlin is Becoming a Sponge City
\\cities are concretes glass and steel they look and act on naturally absorbing heat and repelling water our open spaces are all it's with the natural environment boxing casa the German capital things are different to deal with rain water heat buildings being transformed into what speed cold sponge city that business and that's just one second disgusted with leaving nothing left that behind me then the set for doing such a great artist that was with him you could how big is the architect of bowling sponge city strategy it harnesses rain water and manages heat that's losses when I knew most of Quinta assortment of food Ventolin with enough stuff lighten in a natural ecosystem rain water soaked up by soil and vegetation the majority then evaporates and the rest builders deeper into the ground the evaporating water then cools the surrounding cities disrupt the system water conflict through the concrete and just popped away the sponge city strategy aims to keep rainwater where it lands imitate the natural water cycle buildings accompanying Greenlee synthesize and Donald street level urban wetlands and roadside trenches known is swales bill to run off and hold water keeping the city cool imitation of nature this is real experts in East Berlin built 20 years ago it's become a large scale example of the sponge city concept we talked with extensive green roof of approximately 6 to 8 then tomatoes and from there the water flows into this court yard here in the middle and underneath there's a garage on top of the underground garage we have the folio almost 80 centimeters it's like a sponge and it soaks through the water during heavy rainfall and then it's used by the plants so they take all the water and finally evaporated hi go seca is the brains behind the neighborhoods innovative management of storm water the whole every year here we have no storm fuel system vote no ... conventional park system the water flows from the road surface into the Flavio then from here it's infiltrating into the ground on hot summer days you can really feel the coolness here it's much cooler compared to other parts of the city because of fever operation you can say it's not true of condition Rumsfeld's just one example of a sponge city neighborhoods across both lean have implemented similar initiatives the bowling isn't a perfect sponge city I was that's how much of that classic exits in the middle of some 20 team heaviest rain in the century with the city submerging pots on the border and warning much work still to do then last Nandita does different Habana Cuba and puzzlement and visit him to cut his innocent women that's Madden path through healthlink they put edition this in fact this city councils have recently just only developments should manage storm water on site in the spirit of the sponge city climate change is forcing though lean and many other cities around the world to adapt urban environments transforming them to work weakening not against it //
"2017-08-21 15:12:37"
Mastercard Targets Mexico City, Where Cash Is King
\\the metronome the Methodists ntfc routes we are talking only Mexico City 6000000 people getting into metal roofs most of them are for people nothing open so they won SFF con they don't have a checking account or things remove that if not for the fact that for Rosa and her daughter sandy being part of Mexico city's massive cache data data card means joining the millions of people into the city center clear Mexico city's metro one of the largest in the world and recently the immense cash filled Mexico City has started to look very interesting to one financial company this MasterCard global vision to go off to catch because he's actually our biggest competitor Finland America because it's like any 5 percent of the transactions of people make a pleasing on America I catch bass the estimated 22000000 people living within the greater Mexico City area about 55 percent of them live in the informal conduct and don't have a bank even for those who do it's still a city that runs on catch lines formed ATMs on paid so you can withdraw cash to pay your bills and using credit cards to buy everyday things like for instance in one of Mexico city's busy public markets it's only slowly catching on board also loss of demos affect people Nike and reveal everything I feel that reminded no no it up or he will yes but so master card is working with the government to increase the amount of vendor 6 but they also want to just increase the amount of people who have cards in the first place when one is more massacre carts in the market that's the one we're going to bring more cards into the market using they are transportation as an excuse remember those 6000000 daily metro writers they all pay for their measure rides with one method leann the former focus of someone for both is relevant for the war Mexico city's metro is one of the most subsidizing the it only costs 5 pesos about 25 cents but you can only pay in cash you can either buy a paper ticket or refillable card but they're no automatic vending machines you have to line up at a staff ticket booth and Philip your metrocard in person there are long lines just to really know your transit guard so master could approach Mexico City for a partnership saying look how about instead we just give everyone master cards that are recharged automatically from your bank it would mean no my life's for the metro this sounds like a great deal let's work then we keep cool moved by that Lucent babble amongst the caterpillar project is from Canada and that it's a win win when it launches it'll be just like apple pay or other topping go services you just tap into the metro with your debit card from master card and the money comes right out of your bank account but in order to tap in you need a bank account to start with and a lot of regular measure writers like rose underdogs and simply don't have which is also why this whole mass a win win Kateri of economic development who's trying to bring millions of people out of the informal economy and into a place for the government can see them we need to make it easier for people to be included and people to see the benefits I know that risks because for many people the risks are becoming part of the formal sector where you have to pay taxes city signed first varieties of death should arrive in New master card hasn't provided a lot of details about how these cards will be issued but they're hoping that eventually like perhaps by mid 2 team everyone from a fruit vendor to a government payroll to employees might have some version of hard and that they be using them for every it's too so what we're getting a return of the more the carnies used 00 interest or another pharmacy we that's our business model we make money Astor Curtis painter upgrade Mexico city's metro because they want people to side transactions that master card would collected book would definitely they succeeded with this and Columbia with Bogota's express where MasterCard introduced a similar debit card targeted towards people whose pay are directly deposited into their this is a perfect protoform payrolls cost money comes in every 15 days so nobody needs to think about reloading to prom because money will be there nbae highlights the larger divide and in Latin America more broadly between economic classes and the catch 22 of going catches in this ditch telecom Giuditta financial aid the only way to have financial identities to have a bank account that's the fundamental problem with cat to get a bank account though you need to have enough cash in the first place even convince a bank of giving a debit card and for rose that that's just not so easy to do I was working at the awful Clinton otherness heavy admits E. athletes if not you have to understand how big inform us of parties then restriction for bed he stepped over the level of where are very unlikely onto them makes you can minimum which to date is $4 a day we it is ridiculous by all terms all so as MasterCard targets cash in Mexico the reality is that because so many people live on so little cashless economy still a ways away everything all a similar boiling my 90 off-again where is no but the no sugar no no only my Hino San effect the one of our numbers on Wednesday give Africans on a federal election law money at it today and may not be that difficult people stood up to 30 up within ... of the team limo look I'm the only one who could pull it up but the main the Simpson 30 I think that most modern CPUs in the world I'm living for that and make sure he's not //
"2017-08-17 16:43:55"
New Trans Fat Free Oils: How Do They Taste?
\\the French fries undergoing a massive makeover right now there's a race or create a new generation of cooking and frying oils that will replace all partially hydrogenated oils or P. H. shows by 28 team but new Crisco oil splatters 40 percent less than other oils partially hydrogenated oils have been an invisible means stay in the American diet for decades there and everything French fries pre packaged dinners all kinds of canned foods lightweight pop corns and package be to go back researchers started to weave red flags as study after study pointed to the dangers of trans fats it raises the risk of heart disease stroke some of that research came from the food industry itself and to replace all those P. by 2015 of the FDA's out food makers had 3 years to completely remove PAHO this created ... opportunity for companies to create an oil that is low in saturated fat has no transfer remain stable when heated and most importantly he's great so we got our hands on 3 new oils that claim to do just that the new oils are Dow agrosciences non GMO omega 9 canola dupont's punish from GMO soybeans and Monsanto's this of gold also from GMO soybeans all claim to taste just as good if not better have no trans fats and contain lower levels of saturated fat all of oil the manufacturers of these new oils each think that bears as the best tasting replacement for the standard PAHO so we figured we tested out we ask for Bloomberg employees with discerning palate I and a profound French scientist everything to try for French fries 3 fried in the new oil and one fried in trans fat to see if they could spot which oil is trans fat and which well tasted like French fries should taste solid grunge good texture nectarine what makes a great fun try is a crispy you know not hard outside unlike a lightly soft but not to like machine guns here we did the same with these box brownies for a baking application same brownie mix same bags for different oils nobody chose the trans fat oil as their favorite overall like a potato that turns red with Santana I was progress I would not be happy with this fact for the fries douse non GMO canola oil was the clear winner if you like that like McDonald's coyly Duchess Meyer it tastes very fast food with punish invested gold getting positive reaction for the brownies there was no clear winner but no clear loser yeah all acceptable in the brownies the difference is almost imperceptible while eating deep fried foods all the time while obviously never be healthy clear winners here are consumers who will get a healthier option without sacrificing flavor //
"2017-08-14 15:33:03"
Who is John Kelly, Trump's New White House Chief of Staff?
\\Donald trump's new chief of staff could not be more different than the president himself whereas trump has presided over a White House that has been roiled by chaos problem with this is that we've seen of changing narratives disorder you can't make up what's going on and backstabbing he's a showboat he's a grand Stander general John Kelly is known for his insistence on discipline order and a stable chain of command while trump was never served in the military he claims to have great respect for the generals and Kelly fits the bill he's a retired 4 star general with a decorated 42 year military career Kelly's challenge is not only to bring order to the White House but to help push trumps agenda through an unruly Republican Congress that is already defied the president on big issues like healthcare this is how a career soldier found himself the gatekeeper to the most disorderly White House in modern history John Francis Kelly was born on 5/11/1950 Boston mass to an Irish Catholic family at 16 he hitchhiked to hop trains across America until he joined the merchant marines then in 1970 he enlisted in the U. S. marine corps seeking higher education he obtained a bachelor's degree from the university of Massachusetts and a masters of science in national security studies from Georgetown after rising through the ranks of the military Kelly became a 4 star general eventually becoming head of the US Southern Command 2012 grab her strong it is both his leadership skills and the perception of his leadership skills that's market talent we have corresponded for Bloomberg and I cover president Donald J. trump on 1/20/2017 trump tapped Kelly as secretary of homeland security you know that very early 1 of the top administration general Kelley helped president trump carry out and to defend his immigration policies with a travel ban and without the presence know intimately accusing president Obama of having tachymeter on power is to present at a state said that he's got his reasons and so a president trump came to the general Kelley as supportive after leading the department for 6 months his tenure was cut short Toronto it was announced on Friday in the middle of a rainstorm John Calley will do a fantastic job first day on the job Monday morning have depth paramedic you without it all happened really the blink of an eye the message that but the thing is Mister so quickly on day one I was unmistakable everybody but keeping strict order and control in the White House is one of the main responsibilities of staff that remains to be seen if Kelly has the political Ackerman to navigate the murky partisan waters of DC politics unlike previous chiefs of staff Kelly has no experience playing politics and is admitted to having little patience for Capitol Hill lawmakers not like the laws that we are sworn to enforce than they should have the courage and the skill to change those laws otherwise I should shut up and support the men and women on the frontlines I don't think one can but it's been a very rocky 6 months you know no next question yeah job to calm the waters to get the president and Congress working together so that he can execute the president's mission now his reputation thus far is being sort of reverse that process but look that hasn't been his job until now general Kelley will go down in terms of the position of if of staff one of the great ever will Kelly be the first staff member to rein in 18 the truck White House will he be pushed out a resigned like so many before him whether they can actually co exist and provide sort of a given that yeah one another it's really the question to determine the answer to that question will probably hold a key to John Kelly I ... //
"2017-08-10 15:20:28"
The Death and Life of Helicopter Commuting
\\imagine can mean 1000 feet about traffic 50 years ago during the golden age of helicopter travel you could until a tragic accident in 1977 brought that era to a close but with new tech //
"2017-08-09 19:35:38"
Venezuela Inches Closer to Dictatorship
\\is well it's not have enough food to feed its 30000000 residents it also can't guarantee them electricity or medical supplies in the hospital the country staring down social upheaval political unrest and bordering on multiple states of emergency have been declared so how did this happen to the country with the largest oil reserves in the world for years subsidize oil plot Venezuela's government influence abroad and popular support at home the collapsing oil revenue in an economy dependent on //
"2017-08-04 13:45:55"
How Close Are We to a Cashless Society?
\\ //
"2017-07-26 18:49:39"
Donald Trump Jr.'s Life in His Father's Shadow
\\when your name is Donald Trump junior it is pretty hard to escape your father's shadow and I just myself just don or somewhere that avoid last name at all because they don't have to deal with everyone making those assumptions wasn't until his father's presidential campaign that emerges a full throated trunk Mike to take our turns Donald Trump Jr is very similar that's Kevin so really if washing course both are ambitious driven and not afraid to pick a fight even if it will lead to and scandal she deserved everything that's coming to work now the spotlight has turned and his meeting with the Russian who promised damaging information about his father's political rival Hillary Clinton raises if a foreign government offers to a major campaign the answer is no I think anyone even if they were lucky realize that this is how down from prodigal son the man downturn junior is born on new year's eve 19 seventh and real estate mogul don a former model and skiing prodigy Johnny as he was then called threaten trump towers 53 room penthouse surrounded by nannies Donald Trump senior has said that he was going to be a much more engaged father of the children once they were adults don junior spent summers with his grandfather Milos into Slovakia learning how there he developed a love for the outdoors that would follow him throughout his life at the age of 12 his parents had a very messy public divorce blaming his father don junior did not speak to him for over a year to insulate him from unwanted attention Yvonne ascend don junior off to boarding school while refusing to attend his father's wedding tomorrow maples don junior still labored on his father's construction sites for minimum wage and attended his alma mater the university of Pennsylvania's Wharton school earning a degree in finance and realistic after college he took some time for myself he went to Colorado he worked at a ski resort and he was someone who didn't immediately go into the family business in 2001 downturn junior changes to your partner for work at the trump organization in the same building he grew up don junior eventually rose to executive vice president joining his father in the real boardroom and the fictional ones appearing alongside him on who would you rather see continue on with it pulls her gun junior that's a very good question I am officially running for president of the United States along with his siblings Ivanka and Eric down from junior was a key part of the campaign from day one if Hillary Clinton were elected should be the first president who couldn't pass a basic background check here commissioner in Amman okay trump himself don juniors ideologies online a lot more when states that Shannon petty my wife reporter with Bloomberg news he is incredibly popular where the their language they Portman gun advocate which has landed him in hot water time the trump songs became targets themselves earlier this year after photographs of their big game kill Sir online just like his father yeah politician you uncredited and he's pugnacious better prepared and but I have like the parents during it get old he does not appear to think the rules apply you can look at his father has defined the typical rules and sort of the culture around the campaign then the how he wished that he registered it after the election don junior along with brother Eric were put in charge of running so is Joe Hey we're gonna get him elected so we can get a little bit of peace and quiet because he is a tough call 9 days out of politics into focus on real estate very effective fundraiser and some even and that he went and made a well known continue being very involved artsy has the accusations mount downturn come out and support of this in his own way my son is a wonderful young man great young man he's a fine person I think it's a meeting that most people in politics probably would have taken down from junior can somehow whether the growing legal there's a sense that anyone from the family would have a political sure natural like we proved to be a wild ride Johnson junior his authentic the public might not agree with it you know if you ask question you're going to get what she thinks //
"2017-07-25 20:53:06"
Are Organic Foods Really Healthier?
\\Amazon's planned acquisition of whole foods highlights the explosive growth in organic food sales the US department of agriculture says that foods labeled organic must be grown without synthetic fertilizers and be free from genetically modified organisms meets must be from animals raised without antibiotics or growth hormones and with access to the outdoors it's found say organic foods have greater nutritional benefits and can even help fight cancer that's why they sometimes spend nearly twice as much an organic products compared to a non organic but all comics really healthier no they really worth the money his situation concerns about the growing use of past sites and use of antibiotics animal feed prompted some consumers to look for so called organic feed in 1990 Congress passed the organic foods production act to develop national standards and organic products became more common mainstream grocery chains started their own line support ganic food and lots of food companies began acquiring small healthy companies to get in on the action now from the big boxes small specialty stores 3 courses of US graces settle ganic feats he is the argument proponents say that organic produce has more nutrients including antioxidants and vitamins than conventionally grown fruits and vegetables they also suggest using organic limits exposure to toxic chemicals that may lead to certain cancers but while eating organic does reduce your exposure to pass there's no evidence but the trace amounts of food or danger scientific surveys found organic fields a much more nutritious and just because speed is organic it doesn't mean that it's good for you it may be nearly as high in sugar sodium and other unhealthy ingredients as non organic products yet more funds are going organic defeat the appetite for fuel foods with big supermarket chains like Kroger selling more organic products and Amazon's determination to drive down prices at whole foods organic food should only increase in popularity healthy 4 knobs //
"2017-07-18 13:35:49"
Could This Hologram Headset Replace Your Office?
\\all our Q. represents a tyranny it can find your imagination your thoughts into a small physical area imagine pre much every suffer engineer finance person being able to you know disconnect from their desk and look at holographic monitors on a beach doing their work from there that's not going to be science fiction it's the modern office Silicon Valley is all about building the future a startup called meta thinks it's getting there first thanks to a big bet that it's made on augmented reality area yeah calling the 360 degree off fast where you can specialize your thoughts as part of your work flow for education architecture design engineering etcetera people often makes up augmented reality with virtual reality V. are totally blocks your ability to see or hear in the real world A. R. overlays holograms to what you already see metta has tried to make its version of the work space feel familiar you grab the hologram instead of using a controller or a mouse in your brain already knows how to do it in other words we design an operating system that humanity has always known how to use she could see this eyeball which is by the way photo realistic it's in my hand is including the eyeball now the eyeballs including my hands right see those 2 circles get small and then they turn into this going wipe on and I can move my hand around 6 actually I can do this with 2 hands and rotate the thing I could stretch it I can throw it back right into the shelving system and that's all you have to learn to become a modern worker and to prove this the employees at meta have started to get rid of their computer monitors treating them in format is augmented reality we rode thinks that in less than a decade will all be just wearing strips of glass holograms you use everybody had futures on his desktop into one was using the because they have a lot of work to do so they were still using typewriters at some point CEO took all the typewriters away her body was forced you here's it's very exciting to see a new generation of technology and new paradigm so there's like pioneers in the holographic wild pulling up my browser with my hands sitting out emails to colleagues and just kind of really acclimating the new environment now you're putting on my computer essentially our digital lives live in our phones we have all of our pictures and notes and all this kind of things so money right or some little sticky I like it and go ahead and just take your fist right over top of seeking to impose your fist and now you know many's own transition to augmented reality has run into plenty of unexpected problems and it's still going to be awhile before you start to see these devices in your office but I think it's a future worth waiting for if we could see these holograms between us we will have been able to share our work with one another more naturally more efficiently and more productively than ever before humanity will have you fall slightly //
"2017-07-13 17:14:24"
Does the World’s Top Weed Killer Cause Cancer?
\\this is Monsanto's roundup cookies breads corn crackers chips breakfast cereals and beer the list goes on and on and on the active ingredient in roundup is called life is saved and it's used by backyard gardeners and industrial farmers alike to kill invasive we //
"2017-07-11 21:01:12"
You Could Be Stuck with Faulty Airbags for Years
\\auto parts supplier Takata has declared bankruptcy but that was not a huge surprise after it because the biggest recall in U. S. auto history roughly 120000000 of Takata airbags have been deemed potentially unsafe worldwide more than half of those are in the United States in fact the U. S. recall is bigger than the next 5 largest U. S. recalls combine it affects nearly one in every 5 cars in the United States so if you own a car made in the last 15 years there's a pretty good chance your car has a better back to come to supply their bags to major manufacturers like Honda and Toyota Ford and all these guys Takata and auto makers have decided how to split the cost of your years of recalls so what went wrong it isn't just that the bags aren't inflating when a car with one of these faulty bags gets into an accident the airbag can explode they use a chemical called ammonium nitrate as a propellant but over time it begins to destabilize the casing that's holding the ammonium nitrate breaks apart and it does so so violently that it ends up sounding metal shards flying into drivers and passengers 11 people in the U. S. alone have died from Takata airbag shrapnel almost all of them in the southern part of the country it turns out long exposure to heat and humidity are what's causing the ammonium nitrate to destabilize but I guess I would like to concert minute to hiding the danger posed by its exploding airbags in a plea deal with U. S. prosecutors in February in which it agreed to pay regulators consumers and carmakers $1000000000 in penalties you can go to this website to see if your car is on the rear cars 17 then them but if it is be prepared to wait it could be awhile before you can your car thing since airbags on each make and model of car are unique replacing 64000000 of them requires a lot of parts that are in very high demand including all of the recalls may take well into 22 the huge cost of the air bag crisis finally brought to cotton in June 2017 the company filed for chapter 11 bankruptcy listing more than $10000000000 in liabilities most of the content assets will be acquired for around 1.6000000000 by a Chinese owned company key safety so money from that sales expected to help cover ongoing costs related to the air bag recall meanwhile as drivers wait for their air bags to be fixed they're left with cars that are potentially dangerous to drive all because of a device that was put there to keep them safe //
"2017-07-06 18:18:17"
Doing Donuts in a 1937 Ford Hot Rod in 360
\\we went to the Goodwood festival of speed in the UK where we found stunt driver Terry groans and the legend his mortified 1937 Ford sedan amongst other things Terry holds the record for the highest loop the loop in a car and the most donuts in 100 seconds when he's not doing them around our camera school a few of the tricks up his sleeve //
"2017-07-05 15:47:27"
Take a Spin in Nick Mason's $40 Million Classic Ferrari
\\nnova or my name is Dick Grayson ... mom musicians like drums George lost 50 is but I'm also had a cool racing do how long ago still enjoying it today it's completely different ... there were no judgments I told hell time everyone was Tom losses and it was wonderful and it's not still wonderful but completely different sort of become the new budget I never wanted to be a cow collector I wanted to get much racing so what happened was that thanks to the success of the record what's I ended up being able to keep everything I've erased although the Ferrari to each year about 4040 something years ago ... everyone toto's can the insane including myself and but now now they think I'm the sort of Warren buffet of measuring I have the cow so long now it is possibly I'm really I'm really familiar with it record view out today but I still think it's the greatest views if you can possibly happen rather than great geographical landscape .beautiful bonnet stretching ahead his of wonderful thing are members of a when I was yeah seeing one of these counts are good peering into all the great bands that are doing now as a driver but it's a full size van Gogh of real history for our industry have them all to me it's always right right //
"2017-06-29 13:33:18"
Why the iPhone Can't Be Made in the US
\\I can look at the documentary I think you'll see a familiar phrase that's been printed on almost 1000000 units of the iconic product designed by apple in California assembled in China Mike everything up that woody is deliberate apple designs exterior writes software researches new technologies and develops its own chips in California which allows it to sell devices for 65 percent more than they cost but I funds are assembled in China for a reason it's easy to assume that reason is cheaper labor while wages are lower just doesn't tell the whole story in fact assembly is only 2 percent of an iPhone's hardware cost a day most iPhone to made into and John and Joe favorable go policies help Shen Zhen become the electronics factory to the world with Taiwanese company folks because as a result thousands of work is a close to the during peak iPhone spun highs almost a its workforce to a few 0 during lunch effect in shin Jo means that most of the a laptop or a drug to recreate this cluster of so far by Brazil is the perfect probably facing high import tariffs and urge folks come to make our are you securing like Clinton tips can build a factory very little change rather than doing lots of high level men still Foxconn continued to do most of the work package with the supply chain with Levi and pots could be pre assembled this meant that most of it I thought it was made in China and really should still for local workers to slot together like lego in the end the Brazil project filed on 2 levels it hide a fraction of the work because the government had expected and it did the trick any of apple's hundreds of supplies if an iPhone is to be made in the US it's more likely to follow the prism not should join which means far fewer jobs for those workers making for apple would be his season was picking apples so while the U. S. could one day posted I find assembled in America the question is really want to //
"2017-06-28 16:58:03"
Why Robert Mueller Is the Perfect Man for the Job
\\dark blazer white shirt red or blue patterned tie this is the unchanging uniform of 1 of Washington's most respected insiders and the justice department's pick to lead the investigation into Russia's interference in the 2016 election the choice of Robert Muller for special counsel has been met with unusual universal praise from both sides of the aisle I think is a person of great integrity he'll be about //
"2017-06-22 15:21:38"
How the Qatar Crisis Could Shape the Middle East
\\Qatar has been isolated by its Gulf neighbors and see I'm landing 7 monks are a businessman even plans to fly in 4000 dairy cows to help supply what caused the diplomatic way Saudi led alliance claims ties funding terrorism once a distant self from Iran Iran is Saudi Arabia's main rival they've been on opposite sides of conflicts from Syria to Yemen Ataris deny the terrorism charge in Q. Saudis of seeking to dominate the region what is Qatar standing in the Middle East Thomas tried to become a player in regional politics just upsets its neighbors unlike most middle eastern governments it broadly supported Arab spring uprisings in addition Tom maintains cordial relations with Iran as its wealth depends on a shed gasping where does the US stand it's complicated president Saudis there are 10000 US troops stationed at a crucial Tommy military base find states while Saudis are emboldened by Tracy U. S. ties there is a risk and alienates Tom could it's a closer relationship with Iran //
"2017-06-15 13:41:07"
Why 'Made in America' is a Matter of National Security
\\nmls a school of thought that the west doesn't need to do its own manufacturing why make stuff in the U. S. can be imported more cheaply from abroad one answer is jobs but there's another big reason manufacturing in America as a matter of national security the United States is at risk potential enemies suddenly stop supplying parts for weapons systems epic 5 defense contractors depend on technology and manufacturing know how developed by the civilian sector and the U. S. civilian manufacturing base gradually eroding this is forcing the the Pentagon American at contractors can't find what they need in the U. S. but there's a problem the world's biggest manufacturer is also an emerging federal law prohibits weapons are part that's getting tougher to void because the military says defense department report says half of the world's circuit for also slowly building strong either electron semiconductor and it's the largest producer of a compound used to detonators for over 200 kinds of me without singling out China the Pentagon warns that if parts are made in America the U. S. risks my destruction after now di or even 7 the trouble is buy American laws can also make domestic back any fish Spencer shielding the U. S. already spent more and its military in the next and by //
"2017-06-14 14:35:42"
Tour a $500,000 Microflat in 360
\\all right here without a washing machine we have got a wine cooler give it 6 bottles of crew in there nice little espresso there's your your ... washing area to thrash band so it's all there Penn after you finish your laundry we have a nice little hideaway ironing boards my name is right there for the fact that everything goes back in its place lots of storage which is usually a big issue in Hong Kong got a microwave you know how those work and of course the refrigerator let's have a look at the shower and and the toilet right glass door really good fit summit the showerhead behind me pleasant weekend here I wouldn't recommend trying having someone shower at the same time but I guess it's possible little bit tight here a little bit tight but I suppose you know you make do with what you can and the day time to roll out the bed you like him and I hear children here not but remember it's a bit of a puzzle close to the top step out of the way the band not a square inch it's wasted here there you go okay now pulled back in time going to put the bed to bed as it were lets you have a look at this place your own time without me battering on it's all yours //
"2017-06-07 16:24:32"
Sadiq Khan: The Rise of London’s Muslim Mayor
\\mmhm Siddig con the mayor of London has made some powerful opponents doesn't know me never met me doesn't know what I'm all about I think they're very rude statements and frankly tell him I will remember those statements my message to double trouble ice team is that you know your views all Selamat pregnant he's the first Muslim men of a major western capital and proud of it this is how the D. con went from the son of Pakistani immigrants to a lawyer more makeup and now the mayor of London his parents emigrated from Pakistan his father was a bus driver his mother a stay at home seamstress the 10 strong com family squeezed into a 3 bedroom flat in south London he wanted to be a dentist but TV in the 19 eighties convinced him otherwise here in LA law with its swagger and ill fitting so I he graduated in 1991 with a degree in law from north London university and join to humor writes firm Tom worked a number of high profile cases often clashing with London's Metropolitan sports but he had bigger political ambitions being an it's like squatting on a what office do with Lexus ports of close you want more time only 2 months of the con into the Commons as a member of parliament London was attacked by Islamist extremists but they will stay with me for the rest of my life he spoke out against the attacks both as a London MP and as a Muslim he has been very clear about his opposition upon until position terrorism as sets out to make the case for a mole for more how you connect and peaceful Islam that's Thomas penny but as Bloomberg's Westminster correspondence there is a man who was a most women is coming up and being open and straight forward and being clear that the problem here is not Islam but its Islamic extremism in 2015 a decade after the attacks Conran from there of London and his face was back in the headlines his opponent Zac goldsmith trying to link come to radical Islam the debate got again personal and nasty the goldsmith campus called com extreme and accused him associating with quotes those who seek to do our police and capital all day packs behavior even the former prime minister David Cameron repeated the allegations he's shadow platform with Sergio shot he'd the man who trained the ringleader of the 77 attacks and accused the United States bringing 911 on themselves but the snooze didn't stick Greco Roman a very negative campaign that was based on what people knew who was a lot this election was not without controversy and I'm so proud but London house that I chose and hope I'm a fan and unity after taking the meds office with it's already the role scrapping its vanity projects like I got a new bridge Rick master buses it cost 300 feet 0 pounds a former lawyer who used to fight the police and court is now praised for his close relationship I was talking to a very senior police officer in that much because the police who said there was a sea change when he went into city hall and the police were saying how much they welcome that they knew where they stood and it was most likely to work quickly so it works like a lawyer who works on a government minister tongues kept his face at the full he's an outspoken voice for moderate Muslims across the world Donald J. trump is calling for a total and complete shut down of Muslims entering the United States no but given the impression but Islam and the west incompatible you're playing into the hands of the extremists the ongoing spat between Khan and U. S. president Donald Trump escalated when trump went off to con quoting him Twitter just hours after the terrorist attack that 17 comes now one of the most prominent labor politicians Kay in fact a recent poll of Londoners found com was more trusted to keep a country safe from terrorism and the prime minister or the labor leader his story of going from the son of an immigrant bus driver to the mayor of one of the greatest cities in the world plays well with London is but Kenny appeal to the rest of the nation has com got his eye on the top job news the UK ready for Muslim prime minister //
"2017-06-01 19:03:25"
Why North Korea Isn't Backing Down
\\north Korean leader Kim Jong hoon likes to brag about nuclear weapons this country is thought to possess as many as 20 nuclear warheads Kim's military has successfully tested a wide variety of missiles and according to defense analysts has moved closer to its aim of producing both a missile capable of reaching North America and a nuclear warhead compact enough to ride on that's why neighboring countries and the U. S. are all watching North Korea and its unpredictable leader very close will be solved you can bet on that here's the situation on 9/9/2016 North Korea conducted its strongest nuclear weapons test in a decade a 10 kiloton underground blast was almost as powerful as the U. S. bomb dropped on Hiroshima and in 2017 Kim Jong whom warned of more nuclear weapons tests he stepped up ballistic missile testing with some landing in the sea of Japan and promised to test long range missiles that could reach earth America in response U. S. president Donald Trump said he would consider all options that we not safe over here if he gets the long range missiles were not safe either after meeting with China's president xi Jinping in April trump agreed to work with Beijing to find diplomatic solutions he later warned of a major major conflict with North Korea should diplomacy fail in April the U. S. installed a missile defense system in South Korea in the Chinese are not happy about having the system surveillance capabilities in their backyard China north Korea's only significant trade partner has been pressuring the country and has suspended its coal purchases from there but the Chinese are reluctant to push so hard as to risk the collapse of north Korea's government meanwhile both south and North Korea have hundreds of thousands of troops deployed on either side of the border here's the argument North Korea has a long history of escalating and then de escalating tensions in order to broker economic and diplomatic concessions which leaves the US and the world in a tricky position most diplomatic situations call for a carrot or stick approach unfortunately with North Korea neither the carrot in the form of aid nor the stick in the form of sanctions has worked what's left on the table as ever stronger sanctions awaiting the downfall the Kim dynasty or military confrontation that risks enormous casualties but doing nothing is dangerous especially considering Kim's erratic behavior he is executed top advisers including his own uncle a senior defector went so far as to say that as long as Kim is in power the country would never give up its nuclear weapons quote even if it's offered 1000000000000 or $10000000000000 in rewards //
"2017-05-23 15:02:50"
How a $300,000 Speaker is Made
\\my name is Jonathan Weiss I am the founder and CEO of Oswald's mill audio is known as an old man and were in art dumbo Brooklyn show room surrounded by all of our products really in out liar in the high end audio world we make everything from the signal source terms of analog that's record players which we make out of salt slate we make for a line of tube amplifiers and we're the only company in the world makes conical one loaded loudspeakers for high end home use we make everything so that we have total control only for the sat one of the first phases who are proud according the slave and is a very special slate soft which stand up for page vibrations and residents streaming well much better than hoarders so when they quarrying the which break off and then all our place in a truck or taken with the gondola to the main fabrication pour the quarry where a huge diamond saw with water is used because these cleaved balls irregular pieces of slate the last stage is holding and putting it out very fine edge well Babol so that it doesn't ship we use cast metal in a lot of different sound reason they have a furnace the metal is put in solid form into this and that and it becomes molten like just out of the movie terminator it is poured into the sand mold it goes in pardons the sand is Boston away and you have a rough casket which that goes for the various finishing process there has to be well edged after that that's accomplished then it goes to the powder coated where it literally is baked in cured like into the super hard durable finish much better than all of our loudspeakers have steel status or infrastructure and all of those elements our powder coated nnova Millis is is this actually our laboratory it's our reference listening space it's where we can put elements knew it all together listen to them evaluate them decide what direction we want to take with new products new technologies there things that we never surpassed in terms of sound quality the industry has moved in ways that are not about the ultimate sound quality but about size convenience and cost to none of this stuff is convenient small were cheap but it does represent the best sound that's really ever been been made or more loudspeakers are made out of Pennsylvania hort woods and Israel would switch Martin guitar which is the world's best quiz to Qatar company the right course develop these the same words that we just saw I know that they're totally great woods at that point comes into our woodworking shop where it gets cut down further into words of varying thickness and width which will be joined together create loudspeaker enclosures amplifier closures horns all using meticulous hand done joinery that allows the wood to expand a contract in your house like a living thing this is a very difficult time consuming expensive process with the only company in the world that does this but nobody else makes loudspeakers using solid wood joinery construction not today not that I know ever at a certain point the parts come from the wood shop metalworking shop how to cope they come to our central facility where we do the final assembly most of our equipment it's very big and very big because it has to some ways can't be miniature it's physics that's very old school that mass production and opponents that we use or simply that the highest grade aerospace uhhuh the last phase is really or installation of the equipment in our clients homes or wherever they're going if you have an amazing system he put Elvis on it's frightening dislike is right there what the system is doing is it's taking the energy that came out of Elvis literally sound waves are energy so it's taking that energy and it's reproducing it so perfectly that you have this uncanny feeling that somebody is there that's been dead a long time that's what amazing sound quality //
"2017-05-18 15:53:42"
How Putin Became the Symbol of Russian Power
\\are people think Vladimir Putin they think of capital P. and that's exactly the impression he creates whether it's physical power firing different weapons writing in various James Bond desk modes of transportation or tossing hapless opponents or political power ruling his own country with an iron fist crushing his political opposition or most recently being accused of meddling in foreign elections for his own benefit this is how Vladimir Putin went from a poor tough kid in Leningrad to a KGB spy to the very symbol of modern Russia Vladimir Vladimirovich Putin was born in 1950 St Petersburg his father was a factory for it is widely said that prudence public facing tough guy persona trees pave the way shoot after getting a law degree from Leningrad state Univ hello you spent 16 years in the KGB when putting return to Russia he began his political career for parents or structure it was permanent St Petersburg we ended first chorus from why did so duration because he was sort of concern pretty efficient pretty official or he was very warm shop so loyal and efficient that was ordered by the deal so screw struggle in those people soon brought Putin over to Moscow to work in Yeltsin's administration pretty quickly climb political there are little schools Russia Dimitri I am currently to break ground cardigan gosh I around this time Yeltsin people around so called family decided that Putin would become Yeltsin's Sasser and then this happened the apartment bombings were carried out 3 Russians killing 293 people and injuring more than 1000 Putin of immediately accused Chechen separatists the bombings and followed it up with action you were critical repairs and having a very successful military campaign against terrorists and it worked after that he became something of a parent in the eyes of the social all 3 months later Yeltsin resign and on his way out a famous exchange pretty little car Democrats and the last word that he's against forgetting yesterday's car was pretty good care of social disapproval took over as president 3 months after that won his first election but just because Putin won the presidency didn't mean he had power this is Michael McFall powerless you Outlander from 2000 hold 14 nineties there was a fire sale of all the things worth owning in Russia people yeah better than others title and the well can version they were but they probably miscalculations thinking that they could easily find a Singapore and some can you know people what and they all it's way how mothers feed you're out a new way of prison a lot he once was Russia's richest worth $0 pretty how Kate prison however consolidated focused on storing brushes global in a guy called we skate and dance specialist Russian space Georgia and Ukraine thoroughly other Soviet republics for the sports all spring so reviewing and so forth he still believes that there some additional muscle satellites a world peace strategy is about keeping them in orbit but he also lying say good care over us so that's how he understands he's annexation invasion as well as oil gas and trade to keep former Soviet republics or 2 dozen aprons 2 terms are up and he decided to step down as president Dmitry Medvedev stepped in as president food went back to prime minister but really level I which considering the country and it was terrific and there is actually a period of cooperation between Russia and the U. S. that benefited both countries during Medvedev's presidency would be honest and not have the same negative attitude towards the west sprint and came back to run for a third term in the lead up to the 2012 election is widely believed that both presidential and parliamentary elections were rigged and Russians took St Putin blamed the protests squarely on America and more specifically secretary of state Hillary Clinton believed that she had these words and traders still Putin won by a huge margin and set about crushing the protest movement on immediately upon his return the Kremlin for the next few years Russia's economy tumbled Putin addicts Crimea leading to sanctions the price of oil fell drastically the ruble hit a new low and America played down Russia's influence with Obama calling Russia's regional power despite all that Putin's approval rating remained sky high and then an opportunity for pay back I think I get through along very well with Vladimir Putin in 2016 there was one candidate who called flavor from the very smart exhibits collards towards Putin's Crimea and similar views on NATO and sanctions mmhm support any of those scenes even though who denies any wrongdoing US has accused Russia of being behind the leaking of 20000 Democratic National Committee which many say helped trump beat Hillary Clinton in the presidential election which leaves us here with the possibility of a president Putin until 2024 positioning Russia to be the world power he always imagined be //
"2017-05-17 14:30:01"
How Did Puerto Rico Go Bankrupt?
\\the the and mmhm //
"2017-05-11 18:30:01"
Tesla's Solar Roof Is Cheaper Than Expected
\\ntfc a look at the roots of these 4 houses can you spot which one is covered in solar cells that's a trick question because they all just //
"2017-05-10 15:41:44"
What's Behind the Global Rise in Populism?
\\everyone is listening to you now you came by the tens of millions to become part of a historic movement the likes of which the world has never seen before you //
"2017-05-05 10:30:00"
Step Aboard a $40 Million Luxury Mega Yacht in 360
\\we'd travels to the invitation only showed soupy out Miami to tour some of the most luxurious yachts on the market the quintet disenchanted at a coon $14000000 is a 180 foot long or when I'm in the M. hybrid Macchio still buy purchase with room for 12 gas and 13 create is we may treat shit click or swipe to look around in all directions scuff at the many new S. luxury //
"2017-05-05 10:00:00"
Explore a $79 Million Super Yacht with a 4-Story Elevator in 360
\\on a visit to the invitation only superyacht Miami show we toured some of the most luxurious yachts on the market the masa and is a $79000000 230 foot long simply aren't built by lesson with the full story elevator and room 18 guests as we move through the ship click or swipe to look around in the pool directions ethics //
"2017-05-03 22:08:58"
How Marine Le Pen Took Control of the Far Right
\\marina Penn has had her eyes set on the French presidency some time but this is her best shot to date the right wing firebrand ditched the anti semitic rhetoric that have father used to build up the National Front party and in doing so increased its popularity it is not enough even these hit the front most successful showing yet marina pan on Nick at the 21.5 percent of the vote in the first round of the presidential election she's trailing centrist Emmanuel mackerel by almost 20 points it depends presidential campaign centers around clamping down on immigration and dismantling the European projects with you guessed it a French accent Fraxinus but even as the pain has tried to distance herself from her father's racism a political identity still shaped by his controversial past this is how marine the pain climb to the top of France's far right marina pen was born in August 1968 in noise so send a suburb Paris her father genre really Penn was the provocative leader of the far right National Front her mother left with a level one marine was 16 and headed next 15 years Mary McFadden her mother catch it and did not speak one piece is who lends to Cain Bloomberg reporter on French politics shocker marionette Transmeta departure made her much closer to her father she lived with him and they also started doing political campaigns together when she would not even 20 you know the nineties marine the pan graduated from university degree in criminal law she then went on to practice as a public defender for 6 years mostly defending people in extreme right movements in 98 she quit her job to join the party 3 months later she won her first election for regional count as the Penrose within potty ranks I set out to improve the National Front seamy what marine offended would to bring the national frowned on new kind topic but it Chris medic because behind it the party is still the same still has the same kind of members who are the old guard of the National Front like 2011 with his father's blessing the pen ran for the leadership front and one with more than 2 thirds of the vote just as if one is unacceptable in a golden necklace she also diminish its affecting us in the long term solution in 2012 she ran for the French presidency coming third in the first round often Nicolas Sarkozy and eventual we met Francois alone port for her was growing still had a problem have found spite of warnings Joan Marie le pen continue to say things like the spiritual why don't why don't I just drop it again needed real demolished it up when that pacify me your most initial why doesn't eventually in 2015 the Penn was forced to expel her own father from the National Front even so had biggest challenge remains convincing voters to link that you use several surveys suggest a large majority want France to remain still she's had some success appealing to women picking up an additional 2000000 female supporters from the 2012 bid for presidency basically what she tried to do is to say I am a divorced mother of 3 children and I know what a hardship in ... so good for me and it just to first name still hasn't escaped the shadow of her father in early April she caused an uproar when she denied the role of the French state in the wartime roundup of Jews we we have very slippery but Martin king and it was it was a critical mistake and it actually revealed that even though marine about herself may not be anti semitic she's in the house culture in her thinking is still very much the daughter of her father's salary depends //
"2017-05-02 19:48:12"
Jared Kushner’s Rise to Power Mirrors Donald Trump’s
\\there are a number of parallels between Jared Kushner and his father in law president Donald Trump like triumph Kushner was born to a wealthy real estate developer they were both born just outside of the upper crust Manhattan elite with trump in queens and Kushner in New Jersey and both were handed the keys to their families lucrative businesses and then took the opportunity to aggressively expand their empires and now president trump is made Kushner has most trusted adviser in the White House this is Jerry Kushner's path from real estate tighten to media mogul to the president's right hand man the soft spoken 36 year old Kushner was born in 1981 in Livingston New Jersey the son of Charles Kushner a prominent real estate developer the grandson of rain Joseph because both Holocaust Kushner graduated cum laude from Harvard in 2003 with a bachelors in sociology you want to earn his MBA and juris doctorate from New York University between Harvard and NYU Jared took over Krishnagar buddies after his father Charles got into some legal try you wind up doing that sooner than expected ... I guess in his early twenties bother with stuck convicted of trying to set up his brother in law it inside of a criminal sort of scamming he was a prosecutor Chris Stevenson chair cutover that's Devin won them a staff writer at Bloomberg businessweek Jared didn't just run the company but aggressively expanded Kushner shifted the focus of his family business from New Jersey to Manhattan purchasing almost $7000000000 in property in less than a decade mostly in New York City and he didn't just buy real estate 2060 also purchased the New York observer for what was widely reported to be $10000000 further cementing his status and influence in New York now was a media power player when Jerry did that are you know overnight he went from being sort of a convicted felon to firings in New York Pressler to come to a seasonal laundered the family name by doing prize possession for Kushner companies came in 2007 when Jared purchased 666 fifth Avenue for what was at the time the highest price ever for a single building in New York once I'd Charles went to jail in this and had to reinvent the company to reposition the company it was easy to do just crossed the river and do that in Manhattan he sold all this property New Jersey and that you know invest in New York Kushner's next move while having nothing to do with the business is probably the most influential decision in his life he married a pocket trumpet in 2000 and when the Kushner clan and tribe clan became United he became front page tabloid for Kushner became a huge asset to trump throughout the camp he used his own network to help drum set up meetings with powerful donors and allies and was a liaison between trump and the Jewish community even writing try a pack we welcome all of the American embassy to the eternal capital of the Jewish people Jerusalem when trump was elected Kushner was named senior adviser not many were surprised but ethics experts object citing nepotism laws created in the sixties from JFK try to make Robert Kennedy John so's trumps presidency can he needs to take shape Kushner's taken over several diplomatic and advisory roles in his duration with no prior political experience every move Kushner makes will be watched very closely //
"2017-05-02 02:56:03"
The Theatricality of Chiharu Shiota's Art | Brilliant Ideas Ep. 52
\\pretty anti DS powered by Sunday motor from visceral performance too fantastical installations made from intricately woven yawn Japanese artist Chihara Shioda captivates viewers with how mysterious and politic creations //
"2017-05-01 20:58:56"
Citadel CEO Ken Griffin on Hedge Funds, Financial Regulation
\\I'd like to begin our conversation your industry is under pressure hedge fund of hedge funds are closing at the fastest pace since the financial crisis has you know and those funds that survive are in many cases trenching they are pulling in or even written to investors what's going on idiocy well I've been in the space for almost 30 years now and over the 30 years or so Splosion in the size of the industry the number of funds that $3000000000000 capital not employed hedge funds it is been an unbelievable growth story and like many gross stories were going through a period of retrenchment as the dynamics of the playing field are changing it's harder to create alpha today there's more competition there's a lot of very sharp people trying to find out who is the marketplace this is causing some of the second tier players took the fall by the wayside we saw the same return to the dock combine we see second tier firms that don't have a competitive vantage eventually have to call it a day MoveOn why is it so hard to generate excess return we'll remember your axis returns come from market inefficiency and the work that everyone has done over the last 30 years to come monetize news data and information means in our markets today are much more efficient in the short run is there less alpha to be had well because the markets are more fugitives let's outfit he had to think about a company announcing earnings today those earnings will be analyzed people have preempted we decided a company's going to announce this here's what we're going to do so that literally within seconds of the earnings announcement you're already seeing the stock price move into jobs to where it should be reflect all the news that we have not take it to court appearance where you're looking at that data that comes from consumer credit cards for example giving you insights into how the quarters involving all these dynamics are making the markets more efficient more fair but for the industry for all active managers it's reduce the amount of alpha that's available 2 aunts as a community car is your position would you describe his offense or defense of right now its offense offense in what way offense in the in the quest for counts there are a number of really talented individuals that we tend higher bring onto our team in this environment with firm shutting down there's a lot of good people that we want to bring in this we're firm struggling there's a chance for us to bring good people the citadel Sidney Altman hill fun once importation a belief that super talented individuals working together as a team can create extraordinary results what strategies investment strategies or approaches do you believe will be most successful in this environment the one you just described and the way you see markets of all the so what I find works well over time is having a deep peace in the area which you're pretty the page I always think about investors at running a big U. S. book they go buy stock in Brazil is being Dr buyer tourist investor that investment Brazil's almost certainly not going to work they don't understand the come company that country the pricing dynamics what's relevant so for us core belief that we have is that deep expertise is rewarding so we organize our affairs for people's July's there is a health care expert therein expert industrial stocks there are specialists in pricing natural gas across Europe it's that deep specialization that we think drives differentiated and superior returns 10 of the stuff that you do what's working well and what you think will continue to work well if I look over the last 3 or 4 years we've been successful across the vast majority of our strategy and I think it comes back again to individuals with deep degree of expertise to specialization who work as part of a team teams are really poor and today to gather the mosaic of information that you need to have an insight different from your competition that teamwork dynamic is really important and they're well supported by great quantitative analytics great decision support system how long do you think it's going to take before this shakeout in the hedge fund industry is over and by the time it is over what will have happened why I think it's not just to shake off the hedge fund industry to shake out for at the managed right we see the rise of Pat the money in ETFs an index products were see money come out of that and management and head towards Pat structure now as that happens the money isn't passive structures obviously is not pursuing alpha in the same way that should make the market's a little less efficient create a larger for cool for those who remain sober to find a new equilibrium over the in years to come gonna be bigger act it's going to smaller than the firms that are best able to sample analyze incorporate information in their messages Jamaican prostheses are going to continue to earn outsize return how large do you believe the opportune set in billions of dollars is for Citadelle in terms of how much if we could manage yes you know I I don't I don't fixate on that problem fixate on not suggesting you do I'm just curious no I'm just answer it and and you know who we managed $25000000000 we do manage 20 $0 35 is probably outside our reach right now if I look at what drives the success of our teams and there's both a a analytical elements in a psychological element that come a place you can grow if I met your portfolio manager to hedge fund and your cost of having days re make $3000000 or lose $2000000 or make $4000000 if I simply give me 3 times as your worst days our 3 times worse and with that number all the sun is he lost 10 or 15 or $20000000 a day psychologically a lot of people have a hard so when we think about growing our business it's about growing our our capabilities and our competitive manages and it's helping people deal with the psychological impact taking more risk in when you're wrong the wrong in a meaningful way that's hard for people to deal with Ralph in the Ken Citadelle is notable for the speed and conviction with which it has responded changes in market regulation and structure you've built a huge business inequities execution and more recently in fixed income you fill the void left behind by banks in market making what about the approach that new administration is taking on regulation interests or perhaps concerns you it's way too early to tell first of all and 100000 feet the move to reduce regulation United States I applaud this is the single greatest leverage they can pull to get our economy to go faster I mean if you recall I started my business when I was in the dorm room at Harvard 200 65 $0 and I couldn't launch a hedge fund in 1987 you can't launch a hedge fund today with less than a several $0 given the high fixed cost of compliance and other regulatory matters that you need to deal with so that's that's really discouraged new business formation in asset management burdensome love regulation take this outside of NASA managers the energy space the transportation space it's everywhere in America the weight of regulations you see new business formation in America and that is a tragedy so the administration's focus on reducing the regulatory burden on the American who has a dream I applaud that the last administration was very interested in introducing more transparent to the bond market what about this administration I really hope they follow through on that why its parent see is what creates confidence confidence that you treated fairly confidence that you understand what's take place in a marketplace transparency is the underpinning of a healthy all market now in a market that's opaque the incumbents enjoy the information advantage although I don't have but that doesn't make for good market so if this administration continues to carry that baton forward and shine light on how treasuries are priced and traded that would be really good for the entire market and if they don't if they don't I think it's unfortunate and in particular when the bills that we are looking at whether it's the reform for obamacare the tax bill the infrastructure bill we're taking our deficit higher and I think it's really important that we take steps to continue to drive the U. S. fixed income market the US treasury market could be perceived as the most liquid fairest market in the world that will drive down the cost of borrowing which will benefit save money for every American tax can just today president trump told my colleagues in washing that he is taking a serious look right now at steps to break up the big banks would you be in favor of that I would I I believe that when a market becomes overly concentrated you reduce competition and competition is the life blood of what makes a free economy war when you have many firms that are vigorously competing to get ahead that's when you create that's what creativity happens one innovation takes place that's when consumers win in the financial crisis hallway a number decisions are made very quickly that resulted in a massive it's all they should have the U. S. pay I don't think that serves the interests of our well now what I argue to break these banks into many many small banks no but should we think about separating the investment banks from the core commercial banks a new glass Steagall he will last eagle I would be really excited to see you think you would be good for the economy or the great for the would be good for your firm as well not at Sora mixed a mixed blessing we'd have much more vigorous competitors that these newly created investment banks but I think that's good for America I think what American massive banks are at the forefront 5 innovation now not all innovations good but over time the majority of innovation creates meaningful value Farrakhan tell me what's next for Citadelle as a firm beyond what you do now as a hedge fund manager on the investment side and the liquidity provider security side 2 entirely different businesses but both started by you and both with the citadel name I'm curious to know what might you do what else might you do so right now the focus is on what we do and doing it batter if we look here's a here's a question who is the fifth largest provider of downloading music I couldn't tell you and you don't care more more in our economy the market leaders really do enjoy I very strong position and we want to be that market leader both in the hedge fund space and in the market making space the Jack Welch sort of approach to being number one or number 2 and if you're not then why are you there right the best people come to a firm that looks like that Tana parties come to affirm that looks like that we are able to make things have from the opposite straight so you're not thinking about or interested in expanding it to any other businesses beyond the ones you're currently business lines very distinctly different marker lines no we're not and within those because the business lines that you're currently in strengthen strengthen strengthen the quantitative strategies have been remarkably successful for a couple of other hedge funds more than a couple of course the 2 that come to mind our renaissance since sigma will that become a bigger part of your business it's a big part of reduces its been a big part of our business for a long time both those firms are extraordinarily good at what they do and the ability to continue to synthesize vast amounts of data and information to create predictive forecasts securities prices is really important to our entire business ... you know some people believe and you've heard this surely many many many times that artificial intelligence and machine learning you're going to displace human beings in investing and asset management what conclusions have you drawn about a I am machine learning so I think that those observations principally come from those that don't use machine learning are and I alright those of us who are practitioners in the industry know that machine learning is really powerful when you've got a very large data sets very large data sets and where the patterns are consistent or persistent over time when you end up in more bespoke situations what's going to happen in France for the forthcoming election are the primary that kids have she learns worthless you don't have any historical data screen the machine where so she learns really good when you have a lot of history crane the computer with it's not very good when you're dealing with a scope for one off situation so if you ask the computer or how is apple going to do in the next quarter it just a bit of data understand that quite so how big a role do either of those approaches pay up your a I or machine learning you're older they have the citadel they have a role there they're part of the tool kit that we use but we use a broad tool kit to help support our portfolio managers in their investment Jimmy now one of the other voids left by the banks has been in lending and other hedge funds have filled that void by building crimes predicate private credit businesses is that it's something that interests you hi it's me with obvious you look it over the years and if I think about the next 5 to 10 years perhaps it doesn't make the one or 2 list for us it's interesting for us you know what's great about the knight states is it now 80 percent of the money that corporate America borrows come summer capital markets and doesn't come Burbank insist it's made our economy much more resilient reduces the cost of capital it fuels growth in American companies look at Europe 80 percent of their money comes from banking system that struggle credit growth is anemic you build for banks to write off poorly performing loans is not there it has a very negative impact on their entire economic landscape however if you were to move in that direction it would represent a departure from but markets with specialties as of the moment yes and sole focus of I'm not mistaken post away the focus is seated Altman liquid market we struggle to know a like some of our competitors did the banks did we learn some very important lessons frost more the key lessons learned was to stay focused and liquid markets and that's the way it's going to stay for the time being that's where we are up Ken is you know citadel has a reputation for being I'm not sure what year you were to use ... tough ruthless perhaps for chewing through people and spitting them out you're the guy who runs the business tell me what it's like from your perspective so from my perspective it's been 27 great years I've worked with some of the brightest people in finance career and I've seen their careers blossom exceeded our see the make a huge impact on the world's Pat it'll markets no we were the firm that with JP Morgan ballot Amerind Pete so which portfolio re shape the U. S. top market we're the first vibrant new competitor the interest rates hot market it takes a really Scott to make it it's some sense like a professional sports team and if you're no longer on your game we don't have room for you on that team there's a lot of people that love to play at the most rational the industry you've been recruiting talent for 27 years fits in its citadel and why what works so what works are people who are finance if you're just trying to get rich it doesn't work you've got a half here about what you're doing if you live this job almost 247 you wake up and you have an insight you go to see if you have an insight until the night you wake up you go I did think although I guess you know so for people for whom this is a they like solving problems and like trying to figure out does it matter if they're older young ... changes the way they view the world they younger my my young colleagues they love complicated they love city my older colleagues love simplicity just us growing up so it does change but I need a mix of both I need this I need to be absolute just insane creatively I get from some my 24 year olds and I need the wisdom and experience of some of my 45 and 50 girls Ken outside a citadel people know you as a philanthropist they know you as somebody who cares about public policy they also may know you as a Republican when you consider the challenges that this country faces what concerns you most long run I'm most concerned about education the number of graduates that we create the United States in the background in mathematics science and engineering Pilar I worry who mostly about the amount of pale that were put in on on the plane feels weak if he if global economy and one of the downsides of machine learning an artificial intelligences greater reshape very large parts of our economy over the next 10 years and we need to be able to have both new companies formed on the basis of a new ideas new insights and we're ready to retrain a it's the end from the people we're gonna lose their jobs as this transformation continues to one full so I worry about both the robustus arcade through 12 education I worry about our colleges that are not producing I knew enough graduates with hard skills in the math sciences and I worry about our lack of commitment to post college retraining of individuals who are going to have lost opportunities as we are able to automate certain parts the and anyway do you have confidence that the federal government not the only voice in education but that this new government A. recognizes the problem we identify and has a realistic plan to address it I think unfortunately there's nothing I've said if you haven't heard 1000 times before right now this is not some incredible insight by some oracle from some place this is summit we talk about for for 40 years and this is where we need the will of our political leaders to match the reality of what we do with our educational and we need to fight that fight pretty hard can't //
"2017-04-29 15:00:01"
The David Rubenstein Show: David Petraeus
\\2 incidents where you almost lost your wife and 16 round went through my chest and so luckily it went over the a Petraeus rather than the day an army and to get out the hospital they didn't believe but that soon so you show to me could you push up she did 50 push ups the only time I've ever stopped 50 David now I know I have you have never before had people working for you directly or killed in combat it's a chilling experience president Obama because you into the oval office of the president calls on you and ask you to do something I think you would you fix your time please but people wouldn't recognize me if my tie was fixed so I think this way alright I don't consider myself a journalist nobody else would consider myself a journalist I began to take on a life of being an interview or even though I have a day job of running a publicly for how do you define leadership what is it that makes somebody well thank you very much for coming pleasure thanks great to be with you now you served our country very honorably for quite awhile in government where talk about that but now you're in something that I consider a higher calling of mankind private equity ... how do you compare being in the military and leading troops to private equity well I'm not sure I would agree wholeheartedly with that although I feel very privileged to be in the private equity business and also to be active in academia ... in speaking with start ups and so forth I think it's pretty hard to top the extraordinary privilege of serving one country in uniform particularly if you're leading ... our soldiers sailors airmen marines ... in combat clear very famous first thing in shape now you told me this morning you are the exercise of power 0.5 of this morning I do an hour 0.5 a year lucky but ... we can talk so one like you're living in New York right now when you're in New York I you you run around Central Park every how hard is that 6.2 miles actually and if people recognize you and they say they are not as water and you're running if you wear sunglasses and a hat you can generally ... run ... on it unimpeded none recognized ... folks are very kind to me walking the streets can I actually just ask though if the veterans in this audience would please stand up so that we can recognize you and thank you for what you've done for our country well Munim parents no David Stephen Aug often said that those who have served to a particular post 911 generation all of whom are volunteers all raise their right hand at a time of war knowing that they would likely be asked to deploy to a combat zone and I've often described them as America's new greatest generation something actually Tom Brokaw ... shouted in my years after he saw our soldiers in the first year in Iraq when I was privileged to be the commander of the 0 first airborne division up in Mosul ID saw all that they were doing the myriad tasks everything from combat to helping rebuild cities that have been damaged during the war Lou Diener of all of these different tasks and he said you know that World War 2 crowd was the greatest generation but surely the young men and women we've seen today are America's new greatest generation and I very much believe in that I well let's talk about how you came into the military your father was a ducks see captain yes and he met your mother who was from Brooklyn yet and they met at a church service search our young men social and ... he'd later stayed here during World War 2 and became a commander of a U. S. ... merchant marine ship during the war he sailed ... with the US merchant marine long war because they all signed on I think was in 39 ... when the Nazis overran hall and they couldn't go their ship couldn't go back to Rotterdam so they came to the Hague so you grew up in New York City or in ... about 50 miles north of here about 7 miles north of west point in fact I could actually run home from west point to and from so when you're growing up ... you ... what was your nickname growing up peaches ... ... an announcer at little league game couldn't pronounce it the first time I came to bat as a 9 year old ... I said Papa Papa peaches and ... that sort of stuck in the nineties followed me for quite high all the way through my time at west point fact there was a woman in there girl in the laundry who had been a high school friend of mine and ... doing that as a summer job and she would send me notes and the laundry that you'd send to and from every week in the some of our class and opened it up and you know it said dear peaches and so so it's often jump to west point jump the air gap to west point how did you get appointment to west point obvious you seem like a qualified your good athlete I shimmer good scholar but somebody has to call a member Congress to get you in well used banking application you in a write your congressman and a congressman nominate you and I mean it's obviously a competitive process suppose you hadn't gotten where would you go on to college you know a Colgate as I had a full ride there for soccer in academics okay ain't you ever thought how your life would be different if I have not only did I think about it I almost at the end of 2 years ... at west point we had this spectacular summer where I was up in Alaska mountain climbing ... glaciers rivers and so forth that a first in a training course then with an actual unit so this is our summer training and then I went down to ... Los Angeles and a friend of mine who lived in the hills out over there looking over Los Angeles and had such an extraordinary experience ... I decided that you know of should I really go back to west point for the remaining years or should I enjoy more of this in the end I I went back obviously but west point did you play on the soccer team and so is a soccer team in a skier you also were scholar you graduated near the top of your class so when you graduated did you decide you want to make the military a career I just wasn't sure I think you know it's ... I'd what was interesting is of all things at west point I was in the pre med program I just I love that particular body of academic inquiry but I think it is also that it was the highest academic peak scale and ... was sort of known as the toughest all of a sudden I found myself in the senior year with this with that actual slot in the program and I realize that that time I wasn't absolutely certain that I truly wanted to be a doctor I just wanted to sort a climb that mountain so then I I picked infantry instead and I had a wonderful wonderful experience you got married just a few weeks after you graduated to the daughter of the commandant of the west point is you have sent a superintendent is the is the over our truck I was not economy star general it was a strange blind date I must say when I found out but it was a nerve wrecking your dating that the superintendent's daughter was that comic competent we tried to do it clandestinely for awhile that was not very successful right ... and I took a lot of flak over that yeah okay others even a there's a particular generals March that they play at parades ago didn't do it today and do data and one of my classmates does on the brigade staff so we're live away from the crowd one of my classmates would sing my son in law my son I loved it it didn't so yeah I took a little slack so you graduated you went to the infantry and ... you you were working your way up and then there were 2 incidents that occurred that where you almost lost your life for your serious severely damaged not in combat yes is a pretty aggressive live fire exercise maneuver live fire areas realized I've grenades supporting machine gun fire and all the rest of that we're following effect general Keane who is a brick one star general ultimately the vice chief of staff of the army for Star ... was with me ... we're we're walking behind the soldiers ... one of them knocked out a bunker spun out of it tripped fell down and we think as he did he probably squeezed because you're tense up when you're about to take a blow and around AM 16 round went through my chest and so luckily it went ... over the a and the trails rather than the a an army ... so so what happened yet a bulletin there them work you know well I you know yeah obviously medics start working on you entry interestingly shock sets at midnight mission initially said 8 guys don't worry just go ahead do a quick after action review figure out what went wrong and drive on and they're sort all rolling their eyes and so they get an IV running you get a medevac aircraft and they picked me up keen went with me held my hand the whole way ... went to the hospital and in fact it had nicked in order but not severly debate severed it you believe out you're finished very quickly so it's the one of the times when someone turn to me and said the doctor said this is really going to hurt any took a scalpel and cutting axe in my side right down to the ribs pulled back and showed the plastic to write into the long to try to get suction so that the fluid is draining and it was in that that really is what I think saved my life and then I was put back in a helicopter flown down to Vanderbilt Medical Center and out of all people they called in ... the surgeon on call that day was bill Frist doctor bill Frist ... then he came and later of course the Majority Leader of the Senate and some people of jokingly said you have betrayed us was dying to meet bill Frist and he's so he he did thoracic surgery and I was out of the hospital in about 5 or 6 days and to get out the hospital ... they did what you leave out that soon so you show to me could do pushups you did 50 push ups to make sure that they knew you were okay is that right the only time I've ever stopped at 50 David now and I have okay I never got it never got the 50 I was ... so ya know like I I wanted to get out of there and I was in I if things were fine there's no reason to keep paying around I was doing laps around the hospital like that all my tubes in a in a wheel chair and push it around I think it was driving them crazy so the other incident was you were skydiving and ... your parachute didn't quite work I guess and you broke your pelvis of what is that like is that life to find seraphic ... that was actually worse in terms of pain because fractured front and rear and your body is literally in 2 parts and anything that touches and I had a there we I wrote an ambulance all the way and ... and every single crack in the street notches bond was agony you ever sky dive after that her I was told by the army ... general Keane in fact who was by then a 4 star he said Dave no more skydiving and I said okay you know you give me a division commanded I'll quit skydive okay so they gave me a command and ... very pro you had never before had people working for you directly who were killed in combat it's a chilling experience I remember the radio call her first soldier was killed and it ... it takes the wind out of you you had a number of important jobs in the military but then ultimately the decision was made by President Bush to invade Iraq and you became a commander there and you went over there as the first part of the ... yeah ... military run into that it was supposed to be ... relatively quick when did you realize this isn't an easy easy as we thought well first though we did actually in a matter of weeks topple the regime although there was stiffer fighting along the way in various points and certainly what was predicted by a variety of different folks prior to the invasion which was that you know the Iraqi units were all going to surrender and come over to our side and that help us establish order and so forth did not prove out ... there was tough fighting along the way and it was I had this nagging sense fairly early on probably certainly in the first week once that dust storm blew through and I had Rick Atkinson a Washington post reporter Pulitzer Prize winner right in the back of my Humvee I am member turned to them that 1.and asked did I tell me how this ends because I'm not sure this is going to go according to script the idea that we're just going to topple Saddam and his sons in as few henchmen and then ... everybody else will stay in place and there will be a little bit of a political negotiation and will hand it over to them ... obviously proved Wesley do you think it would have been different had we not decided to get rid of the entire Saddam army and that the path of occasion produce work these were huge mistakes ... we used to have a a question on the operations center wall when I was a division commander in other positions asked will this operation take more bad guys off the street and it creates a bias conduct and the same is true of policies and the fact is that fire in the military without telling them what their future was this man you're taking tens of thousands of people and there's no reconciliation process agreed so you just created tens of thousands of people whose incentive is to oppose the new Iraq rather than the support that you led the effort to get control of Mosul set right ... we're in in Baghdad which is where we've been told we were going to end up ... and then all of a sudden we got this ... sort of emergency order to get up to Mosul it's out of control there's a small U. S. unit up there that been 17 civilians killed in responding to arrive at so within about 30 6:00 hours or so we did one of the biggest air assaults in history up to most we had to learn 50 helicopters are 700 first airborne we immediately blanket did the city ... with our soldiers just literally pushed right into the city calmed it down stop the looting and all the rest of that and then gradually took control of it and then we actually had a cane in interim government up there within 2 weeks of arriving you may remember I think early on in the war it was thought that shock and all would be all that is necessary only to do is show a lot of missiles going off and that was going to be the end of the war that concept doesn't really work that didn't didn't didn't completely succeed I think it did did impose a little awe here and there but again there were some folks certainly fighting shooting at us and ... we had casualties and lost heavy equipment everything else when President Bush had to invade Iraq in part it was because of the theory that they had ... weapons of mass destruction right and that information came from the CIA among other places when you became the head of the CI a did you ever do again to and say where'd you get that information from you know I didn't do you know that as much as I'd billions of some other issues such as the use of enhanced interrogation techniques something which I personally oppose for 2 reasons ... one is I think it's wrong and it's beyond the you know if you will international law and Geneva Conventions so forth number 2 is I just don't think it's as effective as the so called perp per Cup proponents of it believe it is you know is Jim Mattis again colorfully said ... you know give me up a beer and a cigarette now get more information than by waterboarding it's not quite that simple but put it I guess more simply it would be that you want to become the detainees best friend and and and detention the interrogator does and I say this having been the commander who oversaw the holding of more detainees in Iraq than any other time 27000 of them so we have some experience with what works with detainees and treating them humanely while still eliciting information from them is the way to go about it and then the most in Afghanistan as well and you had never before had people working for you directly who were killed in combat now this experience have people work yeah what was it like to have ... the command the people who are dying it's ... you know it's a chilling experience after them for the first time ... I remember the radio call when our first soldier was killed and it ... it it takes the wind out of you I remember hearing when I a sister unit the third of your division which really spearheaded the fight ... along with the marine division ... up to Baghdad on the ground with tanks and Bradley fighting vehicles I remember the radio call I was monitoring their net because we're all fighting together here in the dead had a couple of ... heavy vehicles ... blown up and ... it's a chilling you were there for how long before you were sent back to the states okay as I was about a year long deployment ... and then I was back for a couple months and was asked to go back over very quickly to do an assessment for a couple weeks for the commander Central Command in the sector in defense of the Iraqi security force after came back reported out to secretary Rumsfeld he said great report ... now go back change all your division get back over there and and and do what you've recommended that we do have you thought of you had written such a good report maybe would have been sent back thing never thought that sector Rumsfeld at an interesting way of giving rewards because later on that so that was the next door was a 15.5 months to our members the final week or so he came over and use literally patting me on the back ... and ... thought this is really sort of nice and then he said and you know on the way home I want you to come through Afghanistan ... I said to him let's not exactly the direct line between 2 points here but so we didn't assessment over there for him on the president Obama because you into the oval office and says I'd like you to give up the Central Command and go back and be a military commander in Afghanistan would you think about that you know if the president calls on you and ask you to do something I think you do it and say well let me think about it in a few minutes you know that you dislike now finish your second tour of duty yet in Iraqi went back the United States yeah then we had about 15 months ... at Fort Leavenworth Kansas commanding the combined arms center which has a number of different hats and individual where sits you control the army's doctrine a lot it's really quite extraordinary ... command and we really revamped ... the whole process of preparing a units ... soldiers and their leaders ... to go to Iraq and Afghanistan and we did the counterinsurgency field manual which I sort of the intellectual foundation for that once again you write a very good report you oversaw the counterinsurgency manual and it was so good that people said maybe this person could be in charge of the Carter correct counterinsurgency effort so you were asked to by President Bush to go back yeah and lead the so called surge right now when he said I'd like you to lead the surgeon you sap already served 2 tours of duty in Iraq and I don't need to go back a third time or what did you say but no I mean you say be a privilege to do that and it's the same thing I said when president Obama sat me down I wrote several years later and said with no pleasantries and no one else in the room except for photographer he said ... I'm asking you is your commander in chief to go to Afghanistan take command of the international security assistance force it I think the only answer at a time like that can be what I don't understand at the time was how many troops that we have in Iraq at the time that that you went back with the search we had about 140000 U. S. ... soldiers sailors airmen marines ... coalition had some tens of thousands of additional sites and then we had about 25 to 30000 additional forces during the surgeon if I could I just point out now in fact I'm sure the recent surge veterans in here who will validate this the surge that mattered most was not the surge of forces it was a surge of idea it was the change in Stratofreighter please change it was a week really a 180 degree shift from consolidating on big bases and getting out of a quote faces of the Iraqi people to going back and living in the neighborhood with them because that's the only way you can secure them from first realizing that you cannot kill or capture way out in the industrial strength insurgency have to reconcile with his name you can't stop from handing off to Iraqi forces that couldn't handle the escalating level of violence after the summer mosque bombing in February 2006 ought to actually taking back over we created 77 additional locations just in the Baghdad divisional area of responsibility alone during the course of the search so we had about 140000 American troops we sent over additional 25 to 30000 and and that was enough given the techniques you use to bring it to a stable position relatively speaking it will dramatically reduce violence and violence was accused by some 80 to 85 percent by the do during the course of an 18 month period which was about the duration so user after 18 months you came back no I came back about 19 F. months right after that and then went to US Central Command okay so present ask you ... to head the US Central Command and the US Central Command is in charge of US military operations against the Middle East 20 countries it's it's from Egypt in the west to Pakistan in east Kazakhstan in the north to Yemen and the pirate infested waters off Somalia in the south we are very proud that had 90 percent of the world's problems at the time if you had one of these commands usually not always of somebody gets the rise up to be the chairman of the army joint chiefs of staff then maybe chairman of the joint chiefs of staff so you're kinda rising up and then one day president Obama because you into the oval office and says I'd like you to give up the Central Command and go back and be a military commander in Afghanistan would you think about that you know if the president calls on you and ask you to do something I think you do it and say well let me think about it in a few minutes you know now that you dislike now now I mean I think you say you the only answer to a question like that can be yes now I will say that in that case and actually prior ... it was actually secretary gates who is the one who called me I was actually ... on leaves the last time I saw my father before I went to the surge ... that was who are high and the freeway outside LA driving to where he he lived ... in in a retirement home and I took the call from secretary gates in each case ... I actually want to have a little bit more of a conversation and just say I'd like you to understand who you're getting measure commander because my advice on when it comes to drawing forces down and so forth will be based on the facts on the ground ... with an understanding the mission that you have assigned us on which will have dialogue informed by an awareness of all these other issues with which you have to deal legitimately congressional politics domestic politics coalition politics budget deficit you name it but driven by facts on the ground and that's important because what I'm basically saying as you know many give it to you straight I'm not changing that based on you know if you have to deal with although I will obviously support the decision that you alternately make you went to Afghanistan the giant about 1213 months there will lower 12 half months and that what did you conclude that that we really have a ... an effort to successfully get rid of the Taliban to reduce their impact or not all the ice said in Congress actually Mike confirmation hearing that we would not be able to flip Afghanistan the way we flipped Iraq if you see what I mean you can't I really did believe we could do in Iraq what we ultimately did what was eating at me all the time was whether we can do it fast enough whether we could have sufficient results to report timbre of 2000 76 months into the surge in Iraq or not in that was crucial because of congressional support was very tenuous ... and we do it and we'd reduce violence very dramatically and it continued to be reduced and it was sustained in Iraq for a good 33 0.5 years until unfortunately ... tragically the prime minister on did it with highly sectarian actions in the case of Afghanistan I was under no illusions that we would be able to replicate what we had done in Iraq the circumstances are very different I actually laid out for the secretary defense after that Afghans ... assessment that sector Rumsfeld asked me to do the very first slide in that briefing course you know power point is the means of communication of all the modern general ... it said ... Afghanistan does not equal Iraq so there is not going to be the prospect of a dramatic improvement but what our mission was in that year in which we did accomplish it was to halt the momentum of the Taliban because they were on the March to reverse it in some key areas to accelerate the development the Afghan security forces and select Afghan institutions so that we could begin transition of tasks which we did all while achieving the overarching goal which is still a very very valid and important mission for the United States in Afghanistan that is to ensure that Afghanistan is never again a sanctuary for ... it transnational extremists the way it was when al Qaeda planned the 911 attacks hearing conducted being give brief President Bush 43 and you brief ... many times president Obama they both taking SAT test who would do better I I I I don't I don't agree the presence that I serve and who is a better athlete could you ever echo exercise within their own President Bush I could talk trash about them says a general when you can have the guts to right a mountain bike with me I said I'm going to give you an experience you can write off on your income taxes education while you were in Afghanistan they ... effort to capture Osama bin laden was ... going forward capture or kill Hatcher killed how we were alerted to that ... because of you weren't directly in the chain of command for that decision that night ... no one else in our headquarters new at all ... and I got up myself no aids know anything else ... when into the ... we had a joint special operations command a command post at the ... NATO headquarters in Kabul where I was located I went in there sort of surprise them at about 11 or so at night ... Tippy doing in here and I asked everybody leave except for one officer ... who I knew very very well and we then dialed up ... so that we can monitor the operation we had a lot of contingency plans ... and the forces that conducted at some of those at least their headquarters element at least was working on for me in normal times but that night they were working for actually for the CIA because it was a CI a it was a covert action which means a chain of command runs from the president to the director the CIA Leon Panetta than to admit McRaven and then to the seal team 6 unit as is well known to the operation of did you have that you subsequently that the Pakistan military or their own secret service or intelligence forces knew that Osama bin laden was living there no no in fact I don't think they did ... I'm really pretty convinced of that I think Leon Panetta supports that okay well Iran Afghanistan after about 12 have months the president says I'd like you to come back and be the head of the CIA yeah and doing that meant you had to give up your military career essentially had to rid you didn't have to but I chose to and I thought in fact the president I talked about that ... when he finally made the decision ... to nominate me for that and I agreed that that would be the best approach ... I thought was very important not to have folks think that I was going to turn this place into a military headquarters I literally showed up the first day and I I said that I would do that with no one but the security guys that ... frozen emotional to give up your military ... career and not point ... you know it's always emotional take the uniform off for the last time without question and it was a you know wonderful Sir retirement parade experience ... but you have the prospect of this extraordinary a new opportunity that was very exciting you know the CI is just incredible group of men and women the silent warriors as as we turn them and they also raise their hand taking those at a time of war ... and ... they know they're not going to get a parade there's nothing public about what they do they can even have the joy that most of us have of talking about what it is they do on on a daily basis when you get to the CIA do you say these are all the secrets the country has and these are as many secrets as I thought you say these are incredible secrets I'm which virtually a thing you know on it honored on on a near daily basis ... really almost throughout my time there ... it it was one of those are you kidding me seriously really so yeah there's there's some extraordinary secrets out so are did you and any one by the way those who think that we don't have a crew recruit spies anymore all we're doing is relying on ... satellites or something like that could be more wrong ... there is incredibly talented clandestine ... services ... operation that it is really exceptional when you're at the CIA in your than a policy not a policymaker but you're involved the policy process how did you look at the government then as compared to being in the military I think in each case you have input ... a certainly if you're the commander of the theater of war of Iraq or Afghanistan there's certainly no one who has a bigger voice if you will when it comes to assessments options and recommendations it's more significant than the Central Command commander in that regard in the the same is true of the CI now keep in mind that your role at the situation room table it's 2 fold wanted is together with the director of national intelligence to provide the intelligence ... analysis to present what your analysts said have determined and occasionally and the president asked me to do this he said have you ever disagree with the analysts which I don 3 times as as a 4 star battlefield commander ... I broke with the intelligence community on national intelligence estimates that's a pretty big deal now in each case there's generally a reason for one of them was in the surge they had to cut their data off for 5 weeks before I did another time but we saw so then when you disagree with the the idea you can so we said look if you disagree I want you to give me what the analysts say also give me your own view I mean I had more time ... with prime minister Maliki's in the annals deter when you disagree with the analysts you ever worry about a covert operation on you that they might perform know that now it now we're hollowed out at the analysts like this the analysts want somebody who engages them in and it was you know is fundamentally Alison come in and say today we're gonna talk about the prime minister rock is a great you ever met him say well no but you know when I say okay ... give your best shot you've briefed President Bush 43 and you brief ... many times president Obama so what's the difference between the 2 briefing them well first we have to keep in mind that the bush 43 I briefed most significantly on a weekly basis in fact together my great ... diplomatic partner Bessarion Crocker during the surgeon rock we had a weekly video teleconference for an hour ... every Monday morning 730 eastern standard time president with his national security team around the situation room ... video conferencing directly with us ... and he had you know had gone all in on on the search ... this was he had put it all on the line frankly over ridden the advice of most of his advisers very few people were really strongly behind the surge general Keane by the way was one of those ... but ... so he he was absolutely intimately involved in this and the next day he did a video conference with the prime minister of a rock ... each week I thought so as a different circumstance that we weren't doing the surge in Iraq anymore by the time president Obama arrives ... rock was really in a pretty good place it was just in the process that the question was how quickly can we draw down without ... Egghead jeopardizing what we fought and sacrificed so hard to achieve ... they're up Prez Obama famously does his homework studies it ... deliberates at the the Afghan policy review that was conducted ... in the latter part of his first year was extraordinary I don't think any president has ever engage the national security team whatever it was 9 or 10 times directly and that E. before each one of those are the deputies committee in the principals committee thought they were both very exhaustive they both taking SAT test who would do better I I I don't I don't agree with the president's and I served in that way and right and who is a better athlete could you ever act exercise within their own depends on the sport and I think that President Bush would ... humbly I actually he he I could talk trash by the heat any any did with me you can challenge my house in the oval office with my family after the surgeon rocking such a general when you can have the guts to right a mountain bike with me and I said Mister president you have any idea here talking to I said I'm going to give you an experience that you can write off on your income taxes education did you ever do it with him I did and I was he lived and I was glued to he's terrific al yeah I need you also knew the course he had the best bike in the world yeah and ... I had a borrowed clunker as road later but ... secret service will ditch you if you try to pass them so I don't think I passed out of some Arab to someone is a full contact sport when you ride with President Bush and you go from 4 wides like NASCAR a single track it's always sporty I thought the president bomb obviously famously great basketball player and I don't think that President Bush had any illusions ... president Obama so court what is your view about the importance of NATO you can thank Vladimir Putin ... forgiven it you know a rebirth in some respects the Russians probably ... interfered with their recent presidential election they're trying to undermine the trust of the people in our system and that is that is major issue the CIA and then ... because of a personal mistake you of conceited you made you step down and you voluntarily left the CIA can would you ever go back in another administration I wouldn't rule it out ... again I think it's an extraordinary privilege to serve one 's country ... and so I think again for the right position with the right sort of context and and so forth in a sense the right conditions I it's not something that I would rule out would you consider running for president I states no and I you know I I said I'd never run back before ... I left government ... I in fact I actually went to one of the White House chief of staff ... one time under president Obama Rahm Emanuel because I you know there was this buys that Petraeus is running for office right careful be suspicious he setting himself up to run in the next election and I actually politely grabbed Ron and I said rob I am not running for president United States please understand that ... I tried truly to be nonpartisan ... not just bipartisan mad when I heard that he used when you said he was the fellow I where I used the word as well and they are used in other words ... okay so ... right you know if infantrymen have some degree of familiarity with those were let's talk about the world right now and where it stands what is your view about the importance of NATO and what should be done to improve NATO well I very much agree with mild marine buddy and chip made if you will Jim Mattis the secretary defense when he said if NATO didn't exist it would have to be invented I think it's a hugely important ... organization ... it had his servant extraordinary role during the Cold War ... the wall came down ... it continued to serve an extraordinary role and I thank you that it has a new reason for living I mean they can thank Vladimir Putin ... for giving it you know like a rebirth in some respects in the in terms of its importance there's no question I think president trump is right that there are countries that are not paying their dues if you were not doing all that they should ... the countries agreed that they should all pay at least 2 percent of their GDP for defense and a number of countries still have some work to do to get to that thresholds now let me ask about this it is reported by many people that the Russians probably ... interfere tried interfere with their recent presidential election don't think there's any question about that I don't think anyone in the intelligence community has okay had any questions you know essentially what they're trying to do ... arguable whether he literally trying to change the results were not the results but but to change help people might ... see one candidate or the other but certainly we're trying to undermine the trust of the people in our system and that is that is a new major issue on terms of Iraq where do you think Iraq is today is Iraq stable today well Iraq is obvious this situation obvious improving with our help the Iraqi security forces have been reconstituted retrained reequipped were enabling them with the so called intelligence surveillance reconnaissance assets drones precision strike and the industrial strength ability diffuse intelligence gradually taking back from the Islamic state those areas that they seized will eventually defeat the Islamic state that is the army ... in Iraq have today and help the Iraqis security forces focus on the residual insurgent and guerrilla elements and the terrorist cells but really the issue is not these battles of said for 2 years even from the darkest days that that ultimately the Iraqis would prevail in this with our assistance and that of our coalition partners the real issue is the battle after the battle very very challenging in that regard is not just soon in Shia Arabs are Kurds several different parties now all of those have to feel they are represented in the new government that that new government is within means responsive to their needs and most importantly that minority rights are guaranteed as well as majority rule and that's of tall were the prime minister Haidar al Abadi no question ... that he wants to have inclusive governance rather than exclusive it was the exclusive it was alienating the Sunni Arabs that created the fertile fields for the planting of the seeds of extremism in the rise of ISIS I and the question is will there be fertile fields again ... from which ISIS 3.oh will arise or not talk about Syria from moment against Syria ... there seems to be an on going war that doesn't seem to have any and what would you recommend to the president I'd say it's a B. ask you what we should now do it but Assyria well first of all they're actually doing a fair amount of what I would recommend and and to be fair the Obama administration the final 6 to 12 months really made a number of steps you can argue that it took too long that was grudging or what have you but ultimately ... did take a number of steps albeit to defeat the Islamic state ... as the focus and I think now that beyond that objective of defeating ... isis and the al Qaeda affiliate in Syria the other objective should be to stop the bloodshed ... recognize that the diplomatic effort to create some kind of an agreement that will result in a democratically elected ... multi ethnic multi sectarian government in Damascus for all of Syria is probably beyond reach now so look at what kinds of interim solutions on the ground could be established could be achieved so he stopped the bloodshed stop the further flow of refugees bring some of those back and try to stabilize the situation what about have the Iranian agreement that was negotiated under president Obama do you support that agreement you think it's working well more portent had I don't support walking away from it without enormous reason for that ... I fear that if we left it without that ... we would be more likely to isolate ourselves and to isolate Iran we've been in Afghanistan military combat longer than any other war in our history ID see any prospect of are getting all of our troops out of Afghanistan in the foreseeable future not in the foreseeable future in fact I think that what we should do in Afghanistan is making a sustained commitment ... to Afghanistan stop the year on year agony over help we can draw down further in fact I actually think that we've drawn down a bit too far and it would be great to have another if you if you take all the coalition forces say 5000 additional forces back on the ground were doing some foolish things because of these troop caps there's an aviation brigade this deployed out there all the helicopters and pilots obviously they had to leave their maintenance crews behind which means you pay a very high contract cost of bringing civilian contractors to maintain the helicopters and you fractured unit integrity because the maintainers are sitting back in the heartland of the United States without helicopters to work on while their comrades are actually at war and need them so we've got to be we ought to think our way through that again there's no blank check ever in the the Afghan shouldn't think that they have that by any means they have to deliver but they are very much fighting and dying for their country we need to continue to enable them because that mission that I talked about earlier of ensuring that Afghanistan is never again a sanctuary for transnational extremists the way it was 2911 attacks were planned there is still very valid and what about Kim Jong un with nobody the American government is ever met him are we really don't know much about him ... what do you think he's trying to do well he's trying to build himself as quickly as he can ... a deterrent that will enable him to stay in power and to continue the legacy passed on to him from his father and his grandfather ... the challenge for this is that this is the crisis to prevent a madman in many people's eyes from getting a nuclear capability that can actually reach the United States so this is a very real threat and it's one that confronts president trump uniquely don't think any president has ever had that particular prospect yes they were developing nuclear program yes they had some delivery means but if they get an intercontinental ballistic missile ... and can put a miniature eyes and put a nuclear device on it that presents a very significant threat to the United States and president may be confronted by that most the cult of the desert what political leaders do you most admire I'm a particular great fan of of teddy Roosevelt duh you know the man in the arena speeches always captured me the credit belongs to the man in the arena whose face is marred by dust and sweat and blood you know least if if he fails at least fails while daring greatly it's talk a moment about leadership you are considered one of the great military leaders of our generation any other generation what is leadership to you well I think leadership has 4 tasks it's particularly true at the strategic level so if your command in Iraq or Afghanistan that kind of situation the Carlyle group you have to get the big ideas right gotta get the strategy right you have to communicate them effectively through the breadth and depth of your organization you have to oversee their implementation and all these have subtasks of course this as metrics and has your battle rhythm how do you spend your own time we had a whole matrix all the way out for 3 months of how we did that and then most importantly in a task that's often forgotten gift of a formal process for determining how the big ideas need to be revised refined baby shot left on the side of the road intellectually and do it all again and again and again is very true and civilian world as well think of Netflix 3 times have gotten us right they decided early on that we're gonna put blockbuster out of business by mailing CD's to people work all the way through that then they see down here okay blockbusters out of business and now others are doing this so now ... the cut connectivity is fast enough we can stream cont stream the videos out to them and download them to do all that then they realize okay others in doing that and then they make a huge bet I think was $100000000 in house of cards and others were going to provide content and so reed Hastings a truly admirable in innovative ... impressive leader ... it continues to get it right in the military are who are the military leaders you've most admired over time well I think that Ulysses S. grant is hugely underrated although now I think finally he's once again getting is do you know he was the hero of the the world really ... after he he left the White House ... and traveled the world on this famous tour ... I wrote fantastic ... memoirs ... in then the southern historians ran him down for the first 50 years of the the past century but gradually regard has returned and there's a a terrific biography by Ron white who I interviewed at the 90 second street Y. and university southern California titled American Ulysses it's a wonderful title he really was America's Ulysses in many respects in and now Ron Chernow if Hamilton fame ... his biography will be out in mid October as well grant was the only general I believe in US history who was brilliant tactically division level and below the sea battles of ... Donaldson and Henry the land between the lakes brilliant operationally so now its many divisions but not yet the whole theater at Vicksburg one of the greatest ... maneuver campaigns of all times and then strategically when he charted the strategy for the entire union force because people forget this is not inevitable you know the the the idea that the union forces were just ultimately going to grind down the self was not inevitable until grant made so he had there not been for that strategy and the victory of Sherman at Atlanta and then Sheridan in the Shenandoah Valley Lincoln could have lost the election of 1864 and had McClellan 1 he would have sued for peace and we might not have the United States as we know it now what political leaders do you most admire well again there's been a number I think that have gotten big ideas right over the years and and certainly those who were on mount Rushmore ... obviously deserve that ... on the particular great fan of of teddy Roosevelt ... you know the man in the arena speech is always captured me ... the credit belongs to the man in the arena whose face is marred by dust and sweat and blood you know at least if if he fails at least fails while daring greatly in this kind of stuff ... you know FDR again and another great leader ... current current leaders are there any people you would like to cite or current leaders you admire well ice there are certainly some in Congress that I think have been ... really very impressive and and and man of enormous ... courage frankly ... in John McCain I think is one who ... went through an extraordinary ... it difficult period obviously in captivity ... in North Vietnam after he was shot down ... indoor that still has the limitations of its motion today ... truly an individual in principle I remember sitting in his office one time and does trying to support a nomination for ambassador in the area that I was responsible for me needed the individual but anyway and and I realized that any pulled out something on that individual in concert I confronted me with it politely this is a man of enormous principle and ... and indeed he has been now what about what your legacy ... here obviously have a terrific career in public service now you're building one in the private sector but what would you like your legacy to be when people say this is what David Petraeus was all about well I don't know I you know to be candid I am thought that much about that ... I'm I deliberately stained as busy as I can and trying to focus on the future ... maybe you know maybe it could be said that he got the big ideas right a couple times and some pretty critical situation //
"2017-04-20 23:00:01"
How to Hit the Brakes on Climate Change
\\picture a bus a big silver bus like a bus the changing climate can speed up slow down over he'd or things go very wrong French so here's the bus headed downhill toward the edge of a cliff that cliff its climate catastrophe decisions made today could decades down the road either offered an accident or drive the bus right over that cliff political leaders are behind the wheel what are they to do they could tap the brakes and safely round the bend the breaks in the scenario our carbon pricing plans to try to slow emissions with either attacks are market driven policy 02 prices around the world currently fall anywhere from $3 $230 a ton and the price is going on the costs depend on how economists crunch the numbers how energy users respond and more importantly how politicians write blogs economists who estimate what a ton of a minutes your tuition costs are trying to solve the world's gnarly use math problem they mashed together projections population growth energy in the midst throughout the late it's from warming and then translate those because slowing climate carbon per risk uncertainty there are known risk the level of and there are like well we don't know a second option for the bus driver takes these unknown slam on the without hurting you hard carbon once people start using ccleaner under prices start to fall there is a third option the accelerator scientists say climate changes daily but that doesn't mean the bus driver needs to play it safe some exhilarating about careening toward the edge at top speed in that case over a cliff may be where we're headed in a climate change //
"2017-04-19 17:00:04"
Bill Gates on Tropical Diseases, Trump and Brexit
\\it's it's a very welcome to Bloomberg thank you for taking the time to a conversation with his 5 years ago Chris 5 aka said that you wanted to launch a real war against handed the neglected tropical diseases in an unprecedented collaboration are you winning not war give me the updates absolutely it's been 5 great years of progress are we a lot of allies in this war ... the drug companies actually Doni over 1000000000 doses a year that are taken out and given to people in our poor rural village has and there's a number of these neglected diseases our country by country were eliminating ... the disease and so we have to give to lessen lost people are we have some like Guinea worm or sleeping sickness were actually pretty close to getting the 0 then we have some like this real life when I assess our close rice is still pretty big numbers and so we have a ... gotta get out there I get those drugs distributed are but now we're very happy where we are in in 5 years more thinking that drug companies all the government donors ... UK and US of the the biggest and the countries where these health workers go out and do this great work I'm the ambition 5 years ago was to eradicate Guinea worm as you say you've mentioned some of the other 9 the biggest challenge I said to you what was the biggest challenge in the past 5 years was it putting inform what was it about execution what was the biggest town ... berries disease by disease ... we've always got to work in some pretty tough rural areas these are the poorest of the poor and so the quality of execution there you know has to be a constant effort are we do a much better ability to go out and surveyed where the disease is get reports back on mobile phones we've made it quite a bit more coordinated and efficient on the case a Guinea worm we only have 35 cases last year but you run into challenges like the war in south Sudan means that although we don't think there are many cases that we haven't been able to certify it because of the unrest so ... that'll ... slows down by maybe 2 to 3 years we often give a dollar to charity or many dollars to charity it in your case and beyond give me a sense of what a dollar means and charting its you spending reform the economic leverage the social leverage off a dollar well for neglected diseases the cases are pretty overwhelming of that is that because we get the drug free it only cost 63 cents run the delivery campaign that gets out to individual people and so what that means is there getting some drugs once a year that they take and that protects them against these 55 of these diseases and if we go out there you're after hearing cover people then those deceased numbers I'm down and down and down and if you do it long enough you actually get that 0 are now some of these adult worms live for a long time us were trying to also invent a new drug ASU we would have to go the full 15 years but they cost per patient treated is small and often what you're avoiding is so horrific ... some of these kill a lot of them cause immense pain ... some people be familiar with the fact that ... with lit lymphatic filariasis your lymph nodes swell up so you can have a leg or scrotum that's absolutely gigantic and of course you get rejected my people you can't do work I and so this is very powerful stop driving the number of people suffering from this down to the small numbers with planing pieces actually of the overall a bug that we've also got philanthropists ... who created a fund called the end fund ... that pulls together a lot of good donations for this work I think to drawing a line that he used if you can find a way to draw them in absolutely the right way to do it of course you're talking about pharmaceutical companies you talk about their execution directions on their understanding has not scaled up over the past 5 years of ice age you're right the past 5 years what did you will learn that you can carry forward in the next 5 that really accelerates this lar foundation ... has used our yearly get together with these farms company leaders to talk about a number of of shared efforts of topic list to spin this neglected to seize effort because we made a very public commit how those companies with the foundation and so we've seen ... now how can they help with the logistics how can they help with are some of them the measurement things and so to check point to the public at large say okay after 5 years there hasn't been a single case where they have been delivered those drugs and now we're getting all the other pieces coming together and and so there's really good ... results and that'll mean that for the next 5 years ... even the next 10 which is what will will need to really get these things down towards 0 I think the former company soul walls come along and and continue to be great partners you traveled you seen the results of your work of your philanthropic work give me the vision of what's Spidey the most this change on this journey of change on the neglected tropical diseases where have you been wasn't most manifest the change that you've affected my name yes ... up in a very poor part of country called Behar and they've got ... visualize man I assess and not one not only do suffer awfully in it looks terrible although a lot of people die from that and they have understood how was being transmitted and ... they were using an insecticide that ... the the there was resistance to so it really wasn't working they didn't have the quality control some place we were able to come in ... get the drugs to be donated ... life saving drugs and in that case from Gilly out and to get those quality programs put together and using a lot of the same tactics we've learned from polio polio's one where it's a global out rather case we've had worked on the toughest place in the world we learned a lot about quality control how you ... get the message out insulin visualize my SS I we've cut the number cases more than in half ... during the last 5 years in it over the next 5 years in India we should get to near 0 I read that the Brits I have up there donations either gonna double what they doing from the past 5 years how tough is it to get governments to step up to expect the other governments to meet and maps not kinda doubling offers all we are expecting a couple of other countries to come in with good commitments I the traditional leaders on this been the United States and the UK funding I getting out to these different communities I will get 45 others ... to step up their efforts and so their parts of the map that haven't been covered and now all will be going out to all those different al locations and so well as we told the farmer companies will make sure that these other pieces don't stand in the way and with the right government generosity ... that that will come through you mention government generosity I just wonder as I look at the word in the past 7 days the last 10 days house is going to baffle with defense absolutely especially in the United States of America do you think that the voice of health is going to be so soon by this band on well armor of strong proponent that I innovation in health and even getting health systems around the world be decent enough so that as pandemics develop you see them early you can catch them before they get completely out of control I in the case is ... Ebola which didn't spread very are quickly thank goodness we still had to dispatch of military activity to try and avoid it ... covering all about Kaname getting into the the richer countries and soap we understand on health we're gonna have a flu epidemic hall an epidemic of some unknown our pathogen that them all economically and even ... for military activity be very very expensive we have had some leaders ... like channel Madison's now secretary defense in the United States talk about how if you don't have that aid budget ... then it forces the military to have to to buy more weapons and so the balance of soft power in hard power particularly being ready for health crises ... that if there's anything that could horrifically going kill millions of extra people it would be in an epidemic ... in a sea don't want to get out of balance you've been vocal in the foundation has been vocal it deeply troubled about the potential cuts in health fund in the United a volte face but China on Syria and North Korea filled what is the possibility that cuts to threaten cots to health may be scaled back well certainly I I think there's a very good chance that the ... administrative pulls all the executive rants proposal worn and.bean are the exact budget there there are things like the H. I. V. a life saving work of that gets done that's got a very strong backing in the Congress and budgets go through through Congress ... and they require ... on enough votes in the Senate that they can't be ... completely one sided on ice issue like this so I don't think large cuts will take place although when that was first put forward in a certainly meant we had to speak up and I get even the defense community to say Hey they care about these do you have a couple of meetings with him is he a president that you feel confident you were number of half the philanthropy CEO hot the Bill Gates hot is here president and you've met many of them you can do business with well certainly he is the current president are he's pragmatic a lot of things ... in it means talking to him and given him some background that he might not have had ... through his past work ... is probably is important with him as with anyone in a he wants to be a leader he wants to have things that are he's actually accomplished I've talked about HIV in the how the US should be proud of our work and there's more that we need to do ours sorry yes that that this dialogue is important I you've seen his pragmatism on a number of things ... and you know I'm certainly hoping that the ... these health related ... budgets ... our receive some of that attention to certain extent Microsoft is the vehicle that that creates the ability of the bill and Melinda gates I'm Dacian and we hear a great deal about tax corporates repatriation of dollars to the United States of America I want you to leave where you see yellow house and would have really dry a view repatriating dollars is not the most important things you think CIOS as you travel around you speak to them or is it a by tax what is it that drives America CEO well tax structures are you can't say that unimportant but the basic idea of what's going on whether it's god drug companies can happen to drug him our new software it's the potential for the innovation and are you meeting very basic needs that people have to communicate Korean I had a manage their business and things like that so are you know Californians a very high tax location and yet Silicon Valley remains as a center of huge innovation ... stronger today in terms of its share of the digital innovation then ... at any time in history so and I'm not downplaying tax issues ... but that what CEOs in tech companies wake up thinking about every day is how they're going to use a I mean where does Terry I connect up the customer problems and you eat you mention your your mate in in terms of informing the president on on the world and and building his knowledge base when you talk about tech companies you obviously talk about the threat of an insider America and America with more immigration rules it is high big is the threat of an immigration change in the United States of America is it America incident rather than America fast well America it hasn't had an open door her for him a great show and after a bit trying to get me off for awhile a long time we have a lot of complicated policies that have to do with bring family members over some skills based programs like the twin be ... in and that if you can show your ... filling in job that could otherwise be filled that ... house of the American economy you can do that there there's an area of uncertainty if you want to grow jobs often bringing foreign talent in that starting new companies are the only new roles that is a net drop secretive people worry that you're just bringing in people on lowering wages and so having systems that differentiate between the drop substitution piece versus the ... building jobs around that unique talent in the governmental probably tried to do that harder the the fact that it's all about he waited in this framework of jobs and economic growth that's forming a high skills immigration ... actually can meet that that test educating somebody and having them leave the country where other jobs to be created around that person you know isn't it a great jobs move I finished with one of the most salient ass issues and iris Mann the teapot sports he's looking at brags about you as a global technology man how do you look at the UK better do you look at it going this is a long goodbye but this is an opportune you take into we don't so much in the UK in terms of building tech accidents what's the threat from brag that as you look at your vantage point well the the UK whether it's ... you know for Microsoft where they have a huge lab there that's does amazing work right next to Cambridge or for the foundation where we have over $1000000000 of active grants to institutions in in UK help build new tools for us our it after in the United States is by far the number 2 place with a huge distance to number 3 ... and so maintaining that scientific excellence which sometimes involves our form born scientists come in and in in joining teams there and having the right type of army collaboration which as part of the EU ... the UK's many huge net recipient of scientific are indeed dollars I've been very pleased to both the ... are the chancellor and the ... prime minister of sad scientific leadership creating good jobs and having the strength that is really fantastic in the UK that they're going to work to maintain that ... because it would be a huge loss to the world and the U. K. if that wasn't done it can be done they'd made it a bit more complicated by not being part of the you you in just the uncertainty of okay what will the rule be about people and are in deep pulling them money like that are you know some people are getting concerned about that our foundation in us can be here 10 years from now 20 years now so we can are gonna be calm and and take to keep you and I'm sure we'll get asked as he's forcibly made how do you keep that very strong momentum you know whether it's up in Scotland where livestock stuff is just unbelievable the traditional universities like imperial Oxford one school anyway the the UK strength is there I think they're being careful to make sure that they're not ... dropping off on that to Bill Gates you very much for joining us on Bloomberg Sir thank you thank you //
"2017-04-19 13:30:02"
China's Pet Project to Reshape Global Trade
\\Chinese president xi Ching paying has a dream or you could call it a pet project he wants to revive Chinese ancient Silk Road that mean spurring trade along the 2000 year old routes via network of railways ports pipelines and high winds Silk Road project is supposed to boost development and deepen economic ties across Central Asia but critics see it as a way for China to spread its influence further west so here's the situation the original Silk Road began as a trade route that stretched from central China as far as Europe in its heyday silk spices and porcelain were transported to the west today she wants to steal and other materials from China's over producing factories to improve infrastructure along the route typical plans include the development of ports in Malaysia and Tanzania or highways impact Stan and Tajikistan to help bankroll she's dream also known as the one belt one road initiative the Chinese government created the $40000000000 so great fun she has said more than 30 countries signed formal agreements with China and 20 more we're cooperating on plan such as railways and nuclear power the partner nations are weighing economic benefits against increasingly dominant superpowers demands a deal for rail project in Thailand fell through because according to Thailand there were strings attached namely China demanding commercial property right now here's the argument China says the Silk Road initiative is a way to boost industrialization in the developing nations sandwiched between and west economists agree that the initiative has the potential to stimulate Asian and global economic growth but there are also risks like funds not going where they're supposed to in a region beset by corruption and long shot developments turning into white elephants there's also concern about China's increasingly assertive military particularly in Asia's waters //
"2017-04-19 12:48:57"
Do You Need a $400 Juicer?
\\I'm I'm I ... //
"2017-04-16 15:30:01"
Morgan Stanley CEO Says Your Job Shouldn't Define You
\\you were very low key is by Wall Street Sanders I think it say you told me a story we say that you came back the other day and you went out to pick up some pizza now when you're the CEO of Morgan Stanley can't you get somebody to deliver the pizza to your warm welcome you have to go pick it up yourself alright you know you I don't regard the CEO thing as ... defining you as a person I think it's you know we everybody is different but you have to be able do once you're not CEO for that not to materially affect how you are as a person and that and a lot of people does I've seen a of a you know many years not everybody ... our life is very simple we keep a very in a balanced sort of down home town life I mean we obviously would live well but you don't you can't define the job shouldn't define you your job is you'll see are from point in time your your your helping drive the vessel and you get off it and hopefully does better after you're gone looking at the world today if you were starting your career all over again would you go into finance knowing what you know now yeah when I was a law school I had 3 jobs ... this true story and what one of them was ... I worked a sheet metal factory ... melding ... sheetmetal together which is credibly difficult ... the second was I was the a toilet cleaner my college which was an all male college which was incredibly difficult job and the third was a working on Saturdays at the local brokerage firm I called Paula pounders which is now owned by global firm helping match trades that and not be matched during the week so to loosen trades and I love the business in the first shares Hubble where oil exploration options which is about as far in the respect of his unit if you make money on it yet but I was 19 years old why don't take some risk right there is yet no response but I love the bits I love the markets I love the business and I love working with CEOs and and clients in trying to get good financial transactions done how you have children are they in the financial markets no no they're not one ... one this week in DC ... ... in a consulting business someone is some ... one is still in college and she's an artist a musician very creative so when you became the CEO of Morgan Stanley that they treat you differently they more respect than before now not really no no but you know we very grounded the kids the kids are great and ... ... I spent a lot of time with them going through the SAT tests than visiting colleges and all that sort of stuff and now I think you know there you know first and foremost your your dad and and you want to be as normal a dad as he can and and hopefully some of the trappings of office and the stuff around it if you've got to keep that away from your family your family is your family so they don't say my dad is the CEO of Morgan Stanley they don't tell people that I don't think so know that they're you know they're trying to build their own lives and you know like all of us we want for our kids to have the right level of independence but know that you're there to support and love them whatever happens //
"2017-04-12 12:39:42"
The David Rubenstein Show: James Gorman
\\was it like when you came here to people make crocodile Dundee jokes people would say to me is a true illustration personal profit also say we're not all of them wallstreet CIOS are thought to be people throw things at the walls and scream and yell I think if you're the seventh of 12 children you don't want to be the throw are you in favor of repealing the Dodd Frank that's a terrifying politically to study because what's going to replace the world doesn't want the large banks unregulated you can the CO 7 years so I was pretty long buddy telling me to would you fix your time please what people wouldn't recognize me if my tie was fixed so I think this way alright don't consider myself a journalist nobody else would consider myself a drawer I began to take on a life of being an interview or even though I have a day job of running up by the free for how do you define leadership what is it that makes somebody James thank you very much for doing this honored to be here David now are you have an accent compared to me ... maybe in Australia don't have an accent but you have an Australian accent I assume that's because you grew up in Australia it is and it's also a measure of me being tone deaf that up to 30 years have Madonna get rid of it sorrow are I am an only child so I don't know what it's like to be in a big family but you are a family of 11 children where 12 originally 12 children so what was that like ... to to pass away so we have 10 ... it was it was actually did very noisy arm you I think what ... a great deal of empathy for others because you're an environment with something was going bad every day in the household and something was going good what part of Australia were you growing up in a Melbourne how mark so when your parents are producing new children regulate did you ever ask him what was going on or hadn't quite thought about in that language ... wouldn't think of it as a production line we both of his his his Nicholas flashback as in that great ... you know if father had a job where he can afford all those kids you know here he's he was actually is an engineer working for a large corporation and ironically he counseled me my whole life never works of big business okay ... you need to be independent control your own families he called ... and ... he set off that he was an engineer and he set up his own practice when he had 7 children at the age of 37 with no income and ... obviously ... was successful he was not particularly financially motivated is very intellectually curious him education reading ideas debate where the essence of what a family function so you live here now but you go back and see your siblings and what they think now you're famous person the United States that they look in awe on all of you or they don't treat you any different than them when you were growing up you mustn't die my siblings very well or Australians for that matter know that there is there is actually a ... a cultural phenomena are in Australia which I think is is a truism it's called the tall poppy syndrome in in any field of poppies there's always one or 2 flowers that grow above the and they sort of just they they disrupt the beauty of the field and you top I'm off to keep that and our industry that they equate the tall poppy syndrome is that ... if you're extremely successful you have a higher burden to be more modest than to give back more this sort of ever of the US our psychology my family's great I'm very close to my siblings ... we always get together for dinner when I'm down there and I I have a terrific time they've all been I guess successful in lots of different ways one was a stand up comic for awhile ... one is ... has been among the top judges down there out there that vote on different things and and had fulfilling lives so no there's no there's no war I can assure you of that stuff so you went like James duh you tend to get the barbecue going so you you educate as a lawyer in in Australia so you could have practiced law I assume there but you chose to come to business school in the United States I wanted you choose not practice law and come all the way United States and did you intend to stay here RTO think you're gonna go back what I prayed to Seoul for 4 years actually and I was not very good at it ... had to my 2 older sisters were both lawyers and were both terrific and I just I I was more interested in being where the decisions are being made and lawyers are the you know their job is to create the structure which decisions can operate and and can be processed well to clean up after the been problems to a document and help the negotiation things but then then nodded the decision point and for my career I've always tried to get closer and closer to being that person or part of a team that's making decisions is just a different already has different things which which excite the mere practicing law presume you're making some money that you gave that up to come the business school in New York at Columbia at Columbia W. and saw what was it like when you came here to people make crocodile Dundee jokes about Australia or they can do that they did say that knowing and I I was very lucky because I have a very ugly scar on my arm ... from when I played football which I was a very good app but I got a major Scott from it so I can pretend to be good and up people would say to me is a truly strange wrestle crocodiles us that we're not all of them made because leads the question but did you ever wrestle cry above because sooner my heart attack will be doing a show my scars so okay so why don't you look you know I came to the states because no seriously was there was an advertisement of the time which I think because so growing up in a straight but maybe a sword in in the U. S. which is sensually said if you can make it here you can make it anywhere and the concept that this was a land that if you came to you worked really hard I borrowed 24 percent interest to come here ... paid for all my student loans he works really how'd and you could be successfully though there was a path forward and I was fortunate to get the student visas and then up a green card and ultimately citizenship which I took ... 12 years ago and I felt this you know the welcoming nature of the U. S. economy in the people and willingness to accept people who prepared to have a go here are I thought was just wonderful you graduated from business school and then you went to work ... for ... mackenzie is that right so you want to be a consultant yeah released you've joined a consulting firm and what was that like it was great it was it was sort of one step closer to where where business decisions get done you working with management teams here helping ... act companies you know figure out this strategy hoping improve their operation it was it was like going to business school for real every day it was found and you got paid to do what I can believe my good luck so you then went after a few years who were crickets by when your clients was it sounds like I couldn't keep a job here well it's not gone so well well they recruited you Merrill Lynch yeah Merrill Lynch we could get messy alright so they've come ask you said you were so good as a consultant come in and actually do the job here and what was your job at Merrill Lynch first job was to run marketing ... and then it was to run the sales organization for the brokerage business you're doing that and then somebody because you from Morgan Stanley and says well you're gonna great job at Merrill Lynch want you even a better job and come over here is that how it happened well they had a business that they needed fixing and I had some expertise in that businesses and so it was a very struggling business of the time I was the old duh wealth management business and dumb John Mack told me when he got recruited back to Logan St in 2005 I think and ... asked me to be part of the team which I thought was a very exciting talents I did that so when you came over to run the wealth management business do you ever think you'd be the C. E. O. of something like Morgan Stanley I did not I I told John actually when when ... he was interviewing me for the job ... I said you know what we can fix this business I'm pretty confident about that I'd I didn't know a lot of people in the market I felt in policy understood what the issues were and I felt we could fix it but I say baloney fix it to a certain level and then you'll have a very important decision to make and that's probably 2 years from now of that decision is do you double the business because you this is a business that has scale economics and you need to double it or sell it to somebody else who's gonna double blaze there there was an inevitability about this outcome and I said at that point ... leaf I didn't have any anticipation been there longer than 2 years you can think we go back to Australia no but I also didn't think we'd have financial crisis Australians are seem like a relatively even keeled and consultants are relatively even keeled so you seem to be from my knowledge of you are relatively even kill guy but Wall Street CIOS are thought to be people throw things at the walls and scream and yell and slammed phones down so is that image wrong or you just of succeeded even though you're relatively low key or do you actually throw things as well I mean have you seen very modest thing and ... control to your personality aren't you used to CEOs are throwing things I think if you're the seventh of 12 children you don't want to be the throw okay that's not gonna win so well ... no I think part of it is honestly just personality in that book that probably helped shape you your puzzles family obviously does but I think these businesses have been on a ... 30 year transition from very tightly held private partnerships where frankly you know more extreme be personal behavior taking more risk because it's your own money eccentric center was pop for the course verses now these a big global corporations you know what we're relatively small among the big banks here what where it we've got a $2000000000000 of client assets we have $1000000000000 balance sheet we have 55000 employees were all over the world these a major global corporation they got to behave and act like major global corporations I don't see a Jeff Immelt cry Ginni Rometty or any of those executives behave in the way you know that maybe the historical character terror of a wallstreet what are you in favor terrifying thought I checked the study get because what's gonna replace it the world doesn't want the large banks unregulated in a running wallstreet firms seems to be pretty good in the sense that wallstreet profits are high therefore our expectations so high that things are never going to go down if you believe that the US economy has turned which I do and the federal reserve apparently can because and ... if you believe that where destined for economic growth more like 3 percent them 1.5 percent ... acoustically with unemployment where it is and if you believe that some of the policies the new administration is talking about on the economic front come through ... with little trade disruption then it's not a total surprise the markets reflect that you're the CEO of one of the best known Wall Street firms are in the country in the world so are what do you think the image of Wall Street firms is not so great in the country well first said just say coming to this room I got a round of applause for to appreciate condos whom I will go anywhere for a round of applause of these days ... you know it's it's the the facts are that ... absent the Great Depression the Great Recession that we all went through ... Wall Street had lodged how to do it if not the major part to do with ... and a lot of the synthetic type products that were created of the gave rise to putting ... a level of risk in the financial system the tended to be systemic risk but led to massive phase of institutions up which led to the taxpayers having to bail out the remaining institutions it's not surprising that the public and the taxpayer would have such a negative reaction to those who caused this to happen now it smelled 70 years later why is the image not better it's hard to love money unless you have it you know it's kind of like meat being attracted to Wall Street as a concept ... is is not something most people just naturally gravitate to folks I gravitate to new technologies they gravitate to consumer services that obviously palpably make their lives better they gravitate towards entertainment you gravitate towards the things that you can viscerally feel and touch the flow of capital is not one of those things so in in many folks mind it gets back to where is the cause problems and what we have been done as good a job of is that as I said it's really articulating why capital is what takes these incredibly innovative little companies that once were you as they once were like a Facebook ... like an apple like a Google Google and crates capital to let them grow and become these incredible success stories are you in favor as some people in the wallstreet committee seem to be of repealing all Dodd Frank are you actually tolerating and you can live with it I what I would not repeal it I I think I think that would be a mistake you know that there's been what we have ... re designed the way in which large financial institutions in this country function how they capitalized the liquidity they hold the leverage they operate under the way that they managed the way that the rug is seen by the federal reserve and the other agencies and what happens to them if they get into trouble that has been a multi your process certain elements have definitely gone too far but the essence of that structure ... I think it's been absolutely critical and that is the reason the US financial system is so much better shape then almost anywhere in the world now are they pieces of Dodd Frank that I clearly feel went too far have unintended consequences I destructive to market liquidity there's no question about that but I I would not start again that's a terrifying thought I tried to start again because what's gonna replace of the world doesn't want the large banks be unregulated did you now Donald Trump before he was president I'd states I had a I think I've made him once and I spoke to him about a transaction one time so very little contain ever turned down for de icing I did not personally okay and die and have you seen him since he's been president no I have not and die do you have any advice you'd like to give to him about what he should do are you would say he's doing enough right now does need advice from you he's got a pretty large team of advisors a lot more people who want to be advises so I don't I don't think the shortage of advice is ... is the problem ... I I think ... you know they that someone said to me the office of the president knighted states is that you know it it consumes people and ... they've got a very bold agenda but at the same time the world is not staying static you know we have enormous geopolitical uncertainty you have issues around North Korea right now around ... the immigration crisis in Syria there there are a lot of pockets of the world that could easily engulfing consume the time of the president so I think it's critical that they be very focused on a small number of achievable goals and that the team is very coordinated deliberate ... and ... cooperative them what can you get those done how the strategy that you have employed as CEO and since you been see I think the market capitalization is up about 110 percent so I hope you get a good bonus for that I thank you but ... your strategies been take kind of the risk the firm a bit and to go into wealth managed a little more than was before ... what was the reasoning behind that strategy the analogy I used is an aircraft carrier and the wealth management business is incredibly stable in really bad markets it might be down in revenues 10 percent not really good markets might be up in revenues 15 it's not it's never gonna exited the day the wealth management business ... blows through the roof is the day you should be scared right you wanted stable so we got the balance from that with the speed in the engine room from all the capital markets businesses and I thought and the board thought that that makes and John Mack also was part of this obviously that makes was an incredibly powerful ... thing to present to investors and declines if I want to have my money managed by let's say Morgan Stanley what kind of rate of return should I get let's say I give you textile workers what should I tell your your money managing people that I want and be reasonably happy to get ... dip it depends who you are ... if you're David Rubin sign and and ... you know you've got a lot of your money tied up in in not Kalala no you found very illiquid very long term trap that you don't want to take out then you're probably going to be very conservative with that which you put into the markets I would think prudently you not you not bind the hottest stock that's not what you do you've got your risk already in your business if you've got $35000 to invest I would say out you should buy a an SMP index fund and sit on the benevolent headed again to wait until you actually know if your retirement who manages your money well I have a wonderful ... financial adviser ... at Morgan Stanley Morgan Stanley okay and she does a terrific job so does she call you up and that she she worried that if he doesn't do a good job for you she might lose her job don't worry about that she's a professional she machine transmit like all all of her ... hopefully like all of her clients are probably get a little bit of extra care and attention I suspect but now they're they're professional team they do what they should do they do a quarterly report we sit down with my wife every year doing and your view of that total a financial situation we just act accordingly tell me a story we see when you're the CEO of Morgan Stanley if you get somebody to deliver the pizza to you I never got the CEO thing as defining you as a person you have to be overdue wants him not CEO for that not to materially affect how you are supposed what's the greatest pleasure of being the CEO of Morgan Stanley do ... when you go to a restaurant to get people to give you your seat right away do you have yeah people I give you tickets to all that eventually go to get tickets to Hamilton easily so Hamada recently for the first time and ... wow that was just to have trouble getting tickets I assume not of close of course no no but the greatest pleasure for me is ... and this is gonna sound hokey but it's true week we had athamas been around for a little of radius for about 65 to 70 years we're pretty ... we had very few issues I mean you had your normal sort of growth pains if you will and then we had a period of about a decade where we tried to become the thumb we want which was doing a lot of prop trading ... despite the market's just strap benefit there was no obvious client on the other side of it is just to do a lot of fun so that hedge funds to that obviously from a lot of fans to that but we that wasn't what was Alcoa DNA and what we've done in the Las uses try restore Morgan Stanley back to its core deny which is all about serving our clients so today arm how do you spend your time how much what percentage of your time you spend meeting clients for prospective clients is that 10 percent 15 percent no it's bull and it changes you know I think each year I don't think each here I sit down and write the 10 things that I want to get down that year and in the early years in the job that I very much problem issues we we owned a house built I don't know if you remember but we owned a house bill casino Atlantic city we we wrote that off a lot of things that needed to get resolved ... happily as time has gone on they've resolved and I'm spending much much more time our own client activity a much larger part of the job now is trying to help out teams to what was supposed to do when we come to work every day help icon what about employees how much time you spend rallying the troops as much as the infected night we have about new managing director did know which we ... ... have all of the 42 new managing directors is here in this spouses and partners and I'll be speaking of them right after this so I try every day to try and do something that connects to a group of employees whether it's summer interns or senior managing director and you travel roughly what percent of your time attend a public out a third her now you've been the CEO since 2010 so and the lifespan of Wall Street CDOs 7 years or so is pretty long ... what it telling me does well but if you're young you're young so when you eventually decide that you might want to do something else have you ever thought about what you might want to do you know I think we all have we'll have sort of fantasies of of what ... what we'd like to do and then reality steps in and says actually what do you any good at you know and I think you've got to be it's it's fun to dream but ... you gotta be true to what 2 real skills are and you know I'd certainly like to teach and I'd like to ... spend more time ... I was more involved philanthropic Lee than I have been the last several years because they just haven't had the time more time doing that but probably teaching ... investing okay ... ... you know to learn at the feet of the great like ... a David here but Tom well then you know it's a big well this ought to want to spend more time in Australia so you were very low key is by Wall Street centers I think it's so you told me a story we say that you came back the other day and you went out to pick up some pizza now when you're the CEO of Morgan Stanley can't you get somebody to deliver the pizza to your why can you have to go pick it up yourself alright you know you I don't regard the CO thing as ... defining you as a person I think it's you know we do everybody is different but you have to be able do once in not CEO for that not to materially affect how you are as a person and that and a lot of people does I've seen a of it you know many years not everybody ... our life is very simple we keep a very in a balanced sort of down home town life I mean we obviously would live well but do not you can't define the job shouldn't define you your job is you'll see are from point in time your your your helping drive the vessel and you get off it and hopefully does better after you're gone looking at the world today if you were starting your career all over again would you go into finance knowing what you know now yeah when I was a law school I had 3 jobs ... is true story and what one of them was ... I worked a sheet metal factory ... melding ... sheetmetal together which is credibly difficult ... the second was I was the a toilet cleaner my college which was an all male college which was incredibly difficult job and the third was a working on Saturdays at the local brokerage firm I called Paula pounders which is now owned by global firm helping match trades that and not be matched during the week so to loosen trades and I love the business and the first shares Hubble where oil exploration options which is about as far in the respect of his unit if you make money on it yet but I was 19 years old one don't take some risk right does have no response but I love the biz I love the market some of the business and I love working with CEOs and and clients in trying to get good financial transactions done how you have children are they in the financial markets no no they're not one ... one this week in DC ... ... in not consulting business someone as some ... one is still in college and she's ... and not us a musician very creative so when you became the CEO of Morgan Stanley that they treat you differently they more respect than before now not really no no but you know we very grounded the kids the kids are great and ... ... I smell a lot of time with them going through the SAT tests and visiting colleges and all that sort of stuff and now I think you know there you know first and foremost your your dad and and you want to be as normal a dad as he can and and hopefully some of the trappings of office and the stuff around it if you've got to keep that away from your family your family is your family so they don't say my dad is the CEO of Morgan Stanley they don't tell people that I don't think so know that they're you know they're trying to build their own lives and you know like all of us we want for our kids to have the right level of independence but know that you're there to support and love them //
"2017-03-31 19:30:01"
The Robots Making Your Online Orders Faster
\\every order you placed online is a real person on the picture they navigate massive warehouses to find the item you just order and bring it to a place where it's packed and shipped with companies like Amazon offering delivery in as little as an hour the pressures on the pickers to really speed things up pick times in Saudis have gone from days to our very hard higher workforce Stanek Silicon Valley company fetch it has a sim you guessed it robots I ... first step for us really was to limit the tedious activity victory that they haven't really want you anyway so they could specialize in things that are good at and then the tedious task of going from one side of a 40000 square foot warehouse to the other that's given to Rome spend several minutes pushing carts from one side of the warehouse to the other over and over again fetch once it's robots to do those long runs leaving the picker effects more items the result is increased warehouse efficiency with orders up as much as 30 percent without adding more pickers WNED fetch engineers work in a mock warehouse trading robots to maneuver about their future homes they want to see how efficient they are ... how they are dealing with each other in terms of going around each other traffic management through the facility the robots are able to get around autonomously by using a combination of the laser at a time of flight camera so the robot can adjust obstacles there about actually does what's called pathfinding while avoiding jobs this is essentially looking through the I'm at a loss as to see the data coming I see you see the shells the boxes around RK logistics which serves the semiconductor industry is among fetches first customer fetches robots are designed to work side by side with Pete unlike some robots that have to be separated from when workers for saying partnering with people to do what the robot is capable of doing while making the person more fish and it's really important //
"2017-03-29 12:45:58"
The David Rubenstein Show: Jamie Dimon
\\darted out your your father was a stockbroker did you ever consider going into banking are you more why didn't want to do everywhere billboards in one of the doctor who chose to go work for sandy Weill receptor helluva run in when you fire me you had a lot of jobs I think your offer the CEO of home depot I look at business like I do hear the damn Jersey I'm not a hired gun you think the country is better off for having Dodd Frank the system is completely recovered part as Todd Frank you would never consider running for office would you fix your time please what people wouldn't recognize me if my tie was fixed just think this way alright don't consider myself a journalist nobody else will consume myself a journalist I began to take on the life of being an interview or even though I have a day job of running a publicly for how do you define leadership what is it that makes somebody James talk about your background a moment you started out your for your father was a stockbroker and ... you started out ... ... with some background in this area but did you ever consider going into banking was that's always what you want to do when you went to Harvard high school no are you are you have more money didn't want to do you know you want to be a lawyer I didn't wanna be a doctorate in one I wanna be part of building something and you know obviously I grew up around no stock brokers and and a wallstreet stuff like that my dad who passed away recently ... that gave me usual tries one day gin and report rip out the part that has the price and it analyze it and say we pay for stock you be Amelia humble immediately to it a couple times and are so I I was always is the financial world would know to major building something and and ... formative business schools don't have to go the financial bites as as fast and everything you read that paper matters there their global ... on can get involved in so many policy issues so it's just a fun place to build by we've had just as much fun doing something else but normally if some is a Baker scholar Harvard Business School they can pick almost any job they want you could have gone to Goldman Sachs which are great firm you chose to go work for sandy Weill wanted to do that Cindy are ditched his small broker broke 3 sold in America's pressed the time and I know he I thought it cut down to earth he'd want me to go to Shearson their investment bank I said nope that offers Goldman Sachs Morgan Stanley and women ... I said you know I've learned a lot more to the plays the cheers and they eventually called me up call like me I was a Baker scholar supporting him and I assume no one 's come reviewed the my sister you'll learn a lot I know what's going to happen it's America's press you know would it go he lasted about 3 more years are so one brilliant you did learn a lot so when he left he was ... he left I live with them arrives over budget jobs to stay and stuff like that but you said we're fine something build something great and so we took all his little company called commercial credit the Baltimore here my when my babies born Sinai hospital and died ... I moved down here in which a little company it had a consumer finance thing like 7 other little companies including like a leasing company Israel a small international bank that made loans what what all went bankrupt cholesterol country loans ... ... propaganda company small life insurance company and that company is the same coming became city and over those 12 years report ... this evening to recognize Primerica's Smith Barney Shearson ... Solomon brothers Aetna property casually Travis life Travis probably Kavli and was a cook a conglomerate they they didn't we did a good job running them we do judge of shareholders and Mercer was city and ... ... it was it was a hell of a run and then when you fired me but I am so what why when where and when he did that a year later I called them up and said here I called him you can call me just so you know it's a tough essays time to break bread we met at the 4 seasons restaurant and I I went to a private he's you know will be the 4 seasons restaurant on the front page a hefty diamond while have lunch it it with with our civil war in Chechnya unfinished business this is like ... anyway here's all nervous and I said say when it records Beethoven past or I want to say is you did the wrong thing for the company I made a lot of mistakes too and here's someone mistakes I made after a game the mistakes I made so thank you for sharing that with me we had a very nice lunch is not quite clear he did their own thing for the company and ... ... like those on so ... you then sat here in a small office ever call it or is it that the ... Seagram's boating yeah item you rent a small office here ever got fired me right after fire you even a small office there I came to search you fired miss the show you stupid corporate America gets when you have that the company had been set up that we had co chairman and co CEO John reed said you while I was going to be the president and run the global corporate investment banking or the other jobs it it because ghost turmoil management deals are very tough but we had try heads the global corporate bank co heads of asset management co heads of consumer and all the staff units risk finance and technology report to me is that all the Stephens report join join we've seen in John when they did that I said to him you guys are crazy this will destroy the company the second you do this pillar be building trenches and stockpiling ammunition by and by the time you 2 guys figured out a lot of good people left the company not realize I'd be the first casualty by the way I but they they were so many come the same it will work for me it works for me to complain doesn't matter to work for you imagine looks the clients and employees who work for me and you know so we heard CIOS it works for me you know you should question their intelligence whole bit about could not the way to look at business it's what works for the client ultimately so when you were fired and you were looking for something to do when you had a lot of jobs I think your offer the CEO of a home depot art the art like that Arroyo's route home depot and I I a couple big international no investment banks not to renew America run the investment bank Hank Greenberg around a IG semi come over here I thought to myself is to go from city well behaved Greenberg you have to have you had check ... what bunch of private equity funds Jeff Bezos called me up and I went to he was looking for president I love the guy and we've been friends ever since I was thinking I would never have to wear a suit again I'm gonna get windows houseboats in Seattle and ... ... and I love it when he did it just it just was beyond you know I I spent my whole life financial services I think it's a little bit like playing tennis your whole life and go to play golf so yeah I love the guys home depot I I went to have dinner with Bernie Marcus and Arthur blank in killing going I said to have to confess to you guys until you called me up I'd never been in a home depot the only reason I went to the guy works me said Jamie you got to go to one before you go to the dinner and I think care they said we want you the person we're not as to how would you know we we looking through the heart the mind the spirit is doing what you know about merchants and stuff like that so why couple who other internet companies alarms on money I make $1000000000 type of thing and I ... so yeah I think what I figured this is my chance number how many major financial comes or 30 how do you change that she owned a 3 or 45 year period for 5 I mean is it outside one but of course it's probably troubled one so I said this is my commercial credit I it'll be will we make it in I put a lot of my money into it knocks I thought the stock was cheap but I thought that you know what you know I'm the cap I don't I look at business like I'd wear the damn Jersey I'm not a hired gun okay I'm gonna believe it for the company and give it everything I got and hand it off to someone else so I don't like you were gonna come be act like it's about to third party not a third party to me ms Wright do so when you when the bank one though did you ever expect to move back to New York or you thought you're you're going to Chicago that was your career over I did I had no idea I love Chicago by the way I love such great it's a great city and our ... I I really didn't know those are great there's a cartoon of me sitting yeah it at an airport and the person saying to me Mr Dimon there no scheduled flights to New York and out and in Chicago where I go to Chicago they didn't believe I was going to are you moving here for you kids go to school here I guess I I'm I'm here I'm really here I'm staying here and I tell you still in Chicago that if I died device in my whole life and die in Chicago the ship my ashes back to New York they would say we told you we are here so I'm so no I I I didn't know I thought no I remember the baking is she's solid days to kind of consolidating for you that if I did a good job probably be part of that bright you know would be choir or building up a bigger regional bank or be in a choir but I'm just not up to me is also to board of directors are so to me the thing is make a Cup is good as you can and I actually creates only up Bob opportunities you have what you say right now the U. S. economy is in reasonable shape America has the best hand ever delta any country on this planet today ever what would you advise to get the economy growing at the better clip ... so there are serious issues the country has then they're not Republican or Democrat they're not left or right to the issues that we kind of talk about we know about so immigration which a lot time on Schumer cane or had a fabless bill which repast inner city school education is a disgrace which were ringing an alarm bell over 50 percent of the kids in inner city schools do not graduate and even those who do not know if I qualify to have a job and schools and those who create jobs and work together to make sure that that certificate which high school vocational or critique college herb college ends up in a job not just recreate that we have more tax reform we're driving our American capital and American businesses overseas every day this inversion problem is also make it advantageous to even not for foreign companies to buy American companies a foreigner coming to invest here more than for American cars by America comes from America which invest here because it's a little more complicated now I also agree that you not gonna have corporate tax write individual ... and I would propose some like are greatly expanded earned income tax credit you mean real about infrastructure the Democrats are right we need more infrastructure thank you to $150000000000 more you which is almost a drop the bucket after about transportation tunnels bridges roads airports are the Democrats the Republicans are right when they're afraid of just raising taxes to 2 more government spending no images you that great sucking sound a Washington bridge to nowhere more crony capitalism this is a perfect place to get the people room after Republicans how could we do this in a way that you would approve it but you know we're building bridges we actually need I believe the president took care of all those things my cousin not Democrat Republican economy booming I don't believe this argument that secular stagnation his permanent savings clutch we be booming we're not booming because of all of the issues that we've self created are you know and that's that's slow down growth and as time to for them to do some make quick about it wages growth will fix wage inequality and studies show the court Concord taxes will help waging a wage equality bigger better so we should be very thoughtful the policy that we get it right and not just over politicized we we we which are so how did you come to Washington time it's time to meet regulators and legislators and how ... what kind experiences that for you are you your first I think it's important that business get involved Washington's or not a person who says you never go there your policy is set here to lock people here who really do care about making a better country are and if you don't get involved it means to be said for other people so it's necessary obviously returned fire for banks have been not just Ross and I troubling onstage America and I go to people no groups like this in any city I mean I get your full about regulations completely unrelated to bank so I do think is a serious issue about no dimensional but the regulatory burden on the people in the economy and die but ya come down which I do the best I can as my job no to deal regulators and politicians and policy issues as I think when you come down as a business person the interest of the country should be put before the interests of your industry or your company and so business is a consequent ever asking for that one little thing that helps them like I I I I hear the horror stories ... just do what's right for the damn country your business can be fine effective business we better offer the country strong you know so big business has been a little careful to build its surface to self serving and it you know and that does not appeal to the American public it does help politicians get things done and that's why I'm saying it earned him tax credit you're taxing your carried interest will bid does me good things for America we should do that can help them at the lower end with education income assist all those things we need what have cortex reform let's see interviews over yeah face well you can afford it David guy when the economy ... you get data from all over the world that JP Morgan gets ... when you say right now the U. S. economy is in reasonable shape yet when we look at the economy I always look where the potholes so did she potholes in 07 NOAA leveraging mortgage there no real potholes their cave but I give away what America has the best hand ever dealt of any country on this planet today ever okay and you Americans don't fully appreciate were about to say we have a peaceful wonderful neighbors in Canada and Mexico we've got the biggest military backed berries every bill called the Atlantic and the Pacific we have all the food water and energy we will ever need Hey we have the best military on the planet and we will for as long as we have the best economy and if you're liberal listen closely to me in that one greater the Chinese would love to have our economy with the best universities in the planet the great ones elsewhere but he's the best we still educate ... you know mostly mostly kids who start businesses around the world we have a rule of law but was exceptional if you don't believe me we took a Britain Brazil Russia India Venezuela Argentina ... China India believe me it's not quite there we have it of magnificent work ethic with innovation from the core of our bones you can ask anyone this room we can do to be more productive Esther sisters factory floors we do it is not just a Steve Jobs is that brought death with a wise and deepest financial markets the world's ever seen okay interviewed I just made a list of these things I mean I missed something it's extraordinary it's extraordinary and we have it today yes your problems but you know I when I hear people that down if you travel around the world come to get an airplane trial round the world go to each of the countries tell me what you think go to Europe going to bed no tough regulations in bed politics no so we have it all we just need to fix the O. weeping shooter solve the foot my opinion we've been locked in a pretty good job she herself for we would never consider running for all I would love to be present United States of America okay and until untold Donald Trump got to realize this and you'll you'll never have a rich businessman I've never been in politics the president so I I clear was wrong about that it's just it's just too hard no mean thank the most people have to be senator governor run for your department party it's why Michael Bloomberg would be eminently qualified didn't do is why a lot of your private on it house I think by the way this collaboration we hear today it is constant no they don't get the experts our room we've heard that before we need policy thoughtful people we need analytics we needed done right we need to do together 45000000 people work in America 25000000 were private enterprise he is if government can't fix all using the cellphone they act like covers the only solution I remind them of the post office their affairs department motor vehicles I think the only thing they do really well the United States military collaboration works anybody by people around the country it works in every all the cities all the states now take this in here for some retirees get bogged down assist maybe just too complicated for mankind what's the greatest pleasure of doing this I'm not an artist I'm not a tennis player I'm not a musician I'm not a politician to serve my country mmhm so you think the country is better off for having done Frank now were or not yup look the banking system is far the biggest system is in enormous strength okay JP Morgan in the night and actually do the stress test were very much in favor stress tests JP Morgan has 500000000000 of capital today that cap was enough to be a distressed loss of all 31 Citibank's all of them the whole banking system America's recovered part as Dodd Frank you dont Frank in realities 0 things I know anyone who agrees that in doctrine Barney Frank and I agreed that some the things were put there after the fact should be put in so no I don't recall that but it is what it is about the online unfortunately because Dodd Frank the vocals one of them was at a kind of a UNEF the fact thing which is in my pick completely unnecessary but it is what it is that the deal with certain and that's the law of the land and spin interpret building Dodd Frank does it really gives it's not a lot of legislation that says axed it bases as make the system better do you have to do to do it so the regulars have huge amount of authority to interpret some visuals and I'm Joseph is better Dodd Frank is partially responsible but Dodd Frank you know was passed 100 percent Democrats Europe summer publicans and you know it it none of us could possibly say you can't make things a bit better so you know one day people rational people should suggest a what ports work reported work which forced me change I'm in favor throwing it out and start from ground 0 wooden lot of good work was done in a lot of flaws and you'd be fixed you were quoted before the brexit vote as saying that maybe you have to move people out of London are you I mean if that's I think what happened bridges con we expected normally never says be disaster Briggs it is a vote for the unknown that we thought would have a word would reduce the GDP of the UK it's going to so forget little data comes out it's pretty much going to a foreign direct investment people open factories construction me it's not it's not a disaster it's good we think by half a percent to one percent the reduced the GDP of Europe a little bit now does after 0.3 percent that's one thing we know the second number of this this mound of uncertainty and it isn't going to go away because you could be reading the next year or 2 years about all the complexity and we don't know the outcomes are usually looking on the best case worst case they will go through here the best case it looks a lot like today is fine I get only 10 percent they're not gonna get away with that because the eurozone's kinda angry and they want to keep the eurozone together and they're saying you not gonna free free access to our markets without free movie people what's exactly what people in Britain voted against it for progression and they but they why wasn't for it there was logic for their logic is white teddy yourself to school radicular you know we're Brussels passing rules in effect British citizens and that was true job maybe the eurozone look at this occasion say let's fix the problems for everybody all 27 nations not just for Britain and Britain negotiate some fable deal what worries me the most about prejudice is it because the eurozone itself unravel elections in France and Germany we don't you know that leadership is shipcenter populism are surfacing over there they have over here it's it's tough and if you see the eurozone unravel that has potential catastrophic issues of social with it I don't mean maybe just a big recession it could be worse than that you know that confidence been through for hundreds years and you know to me vet how keeping the union together would be a better outcome you know if they don't that's bull deal that too but a better outcome if they have a a stronger union not a weaker unions what about the banks in Europe or in China you word about the banks there the banks are in Europe are way behind American but I'm just I'm I'm saying the sympathy to them just like much about you know or peaceful neighbors nothing Pacific never mind people China doesn't of food water energy its neighbors in North Korea Philippines Japan Pakistan India Russia Indonesia tough for the world folks and it changed people's minds that when it comes to imagine a country said or not so Europe is behind us there they still have fixed the capital their profitability ... it's much more towards the financial system in Europe is here it said the 80 percent of financial system there here it's like 2030 percent alright but I think if I was running the European government if I if you were dictate I would I would lay off at this point let them do their jobs I mean panty them 8 years later is cool in my opinion is causing Europe to grow a lot slower otherwise grow because you think unwinding constantly ... loans in issues in credit so I I think I I don't want to see them hurt anymore I would like shouldn't get strong and in a healthy economy of the need to add capital equity do with them I am in China in over the 4 big banks by several can earn twice as much we do now so I told or American politicians and not seen lately that is my competition to they've someone earn $40000000000 a year they may very well have problems alone books but they're ambitious ICBC bank is now in 60 countries your back 3040 years it was in 1 Chinese companies are going abroad which is I think a very smart I think the Chinese are quite smart doing their situation their banks or bank in the broad they want their banks to be winners they want to have the JPMorgan chase of that the next one and and I don't want them to have I think we should have you know and they could be biased one day so you know that we can be very careful when we talk about bit of American business what we want from American business and how important is for the success of America and not just us but I put no a lot of these countries the same boat GE and caterpillar and we got to compete and we got copies of very large tough competitors so hopefully you've been now running a bank for C. CEO of bank one and JP Morgan for about 16 years so what's the greatest pleasure of doing this running a bank this my contribution to make it a better world is running a good JPMorgan chase I tell people I don't do a good job JPMorgan chase I heard the opportunity for people I heard the opportunity for the 2000 how much we do business in we can't be philanthropic beginner people grow ever do a good job rituals things no I'm not a I'm not an artist I'm not a tennis player I'm not a musician I'm not a politician this is my contribution Jamie I assume your shareholders to be happy for you to stay forever but you have any plans about how long you might stay in this position ... I love what I do and I still the energy to do it does does take lot of energy out is good that my health is good thank you and ... ... somebody knows all along the boards happy with where we say 5 years on Bobby 65 I I do think is a time when the right person is reading that I should leave you know may god made the borders maybe chairman for your 2 or something like that and I will have an afterlife like you're never gonna stop working nobody going to board I'll teach I'll I'll maybe do some to help the government somewhere around 2 LP fully engaged in business and stuff like that but ... and also try to make it a better country and my wife is deeply involved philanthropic to help but she does inner city schools in Britain in the south Bronx try to get those kids jobs jobs jobs jobs in and she during great job that's all probly help a little bit on things like that //
"2017-03-28 15:09:46"
Time, Memory and Reality in a Brave New World | Brilliant Ideas Ep. 50
\\pretty anti DS powered by Sunday motor takes most in the hearts of London at its core is the top line cool the biggest and most challenging exhibition space in the world each year the prestigious him die commission offers one artist the charts to take on this vast space and make it their own this year her and I is facing the challenge of finding buy and hold Philippe her and I works in many media he uses cutting edge technology to weave together film sound design and sculpture so exhibitions explore complex ideas about time memory and the boundaries between reality and fiction let's call picket for me could declare being in all we walked to define the so ... mainly because it was the way to the office with all 24 using objects no where to buy I DS waiting I think all of his word operates in this very nebulous region between fact and he's not asking you to understand he's asking you to participate I think he sits in the future he has thinkers with him the US scientists with him he has musicians with him are you proposing some singing and you said to him maybe we go too far just they're looking in when you never go too far you should go much much much much far I mean touches on life into Tucson ... wed doesn't future lie I hate to make grand statements about artists by think he to feel ... Texas a and difficult see and flashes of what it's like to be alive born in 1964 Philippe grew up incur nope France for small city had a lively cultural scene became interested in art while studying maths at university but never saw himself becoming an artist by the time required no bliss a leftist kind of likes it too so I was really lucky coming from a working class background to have a lot of input snow from teachers I was exposed by the keeping of the faith you know you think if the ... symbolic catch up with kind of familiar we come from working class backgrounds we hauled to decide to become a not know yet if you're living while that's art school in Canopus Phillipa started helping out pioneering gallery lamarcus sound it was leads by curator Jack you became his mentor that Philippe was introduced to the work of many celebrated artists the director the times owners and you'll talk to if it was a fantastic we took me and shoulder so I kind of liked protected the Knicks again sort of like a privilege to be exposed to a so many practice and ... so I guess I would I would I was lucky Philippe right from the beginning it's been very skeptical about the process of I or not Korean it wasn't a he had a proposition or a clear idea but he knew what he didn't like so Philip had this really strong position of of rejecting things but at the same time being incredibly interested in it Motherwell was the work is very conceptual and it doesn't pretend it's non it intentionally is incredibly intellectual and what it does and touches on ideas are in philosophy and meaning in a kind of Broadway so what made their work pretty exciting the time I think was that the practice that was beyond a single exhibition a single space that was really a feeling of collaboration and thinking about outside the box Phillippe was fascinated by the way people behave when gathered together he started thinking about his exhibitions as a way to explore these types of behavior I wanted to get into better we chills middle that that we see forming you know and ... samba Q. high when you click see a football game all the seer theater plan elicited by what that we see but also by the fracture that really low something to happen you know and ... as a structure called it the division of yeah and I think if you're skeptical person you ... distrustful of the way things are and yet you still want to be part of something it can take you a long time to find a full and I think it's only when he realized that the entire exhibition was the form but he starts to become free Philippe noticed a newspaper article about the markets for discontinued manga characters in Japan it became the seeds for a long time series of artwork schools no ghost just a shadow in collaboration with PI week I was never designed to survive it's true everything I'm saying is true the artwork 6 drool what human rights might mean when applied to a fictional character and lead I am a product this idea of how can you die you never existed I was always kind of liked notion of being a life you know and the distinction can be declared living organism some other characters had the possibility of becoming a hero they were really expensive when I was chief that the young we want to give back copyright to the act itself and that was all soon interesting pop to browbeat simple do it between fiction and we need to and to see if ... effect actually tactically heavy duty vehicle thing right that we have as human so use to be and this is how I look now the idea of this sort of passing online or in the computer space with its own meaning and identity and convalescence I think has had a huge impact afterwards there's a kind of darkness in life as well and that's when it becomes possible because it becomes about him it touches on ideas of where what constitutes a real person what do you need to become an individual I am an imaginary character I am no ghost just to show French artist Philippe Perrineau works in Paris out his studio in Belleville in the northeast of the city he creates multisensory exhibitions but Sherman across the wells sing films painstakingly researched and Joost highest cations one such film is invisible boy cinematic portrait of a person without a public identity a portrait of all of so many people does not access ... what it can produce an image so investigated too we did some research and find ... at the end by chance to India to avoid his subjects was a child's living undocumented in New York the boy's mother was a Chinese immigrants who was working as a prostitute Philip spent time with the boy to understand the reality of illegal aliens in Manhattan's Chinatown when I met him with his advisors badly equity Lisa finally popped witness a it's ... even with ... throughout the city you know this but I know it's well disciplined which sees the pretense you know the beautiful phone with that little boy in Chinatown who is kind of slightly haunted by this creature mayor may not be there and I think it really gets to that aspect all children 6 parents as of the world and what's real what's not much I'd be afraid of what should 9 that we all continue to carry with us which is fine with us to make our world work but those invisible gently drawn demons are still there and I think you'll hear him distance that implicitly is both the exterior and interior life child his fears ... his dreams as well as this very comprise C. D. fluorescence