19 Episode results for "Trillion Dollar"
Mysteries and Secrets of the Moon and Mars with Billy Carson
"It's cutting into your exercise time it stabbing you in the back nine and relief with active OTC ingredients plus the added benefits of THC free hemp oil right contact in a desert Billy Carson he is the founder of the forbidden in our solar system and amazing structure structures on Venus and so for here truth be told Your your your lecture today like we said people all over the world have flown in to hear basically about anomalies space within our solar system that come from official sites like NASA roll footage that we download and then we actually go in and look for things that don't belong just not telling us well I think NASA and some of the other speeches agencies have a good idea we don't really know what it is we just know that it doesn't belong so we call it an anomaly sometimes we may correlated that look like things that you would see on earth and so are some of these objects nominees going all the way back to the nineteen seventies I mean the face on Mars was discovered in nineteen seventy so we've known twenty million light years away one hundred million in what way right here where we live right above our heads there could be solar system and that some of these remnants that we're looking at some of them don't appear to be completely dilapidated so you were talking about Venus so other planets like you said we don't hear a lot about anomalies answers to high and that it's a soup it's almost like ocean when you get to the to the ground level successfully landed and took pictures of the area and stop I know what kind of material that is because if that's the case we should we should make buildings background material one of the videos that I was looking to show today was the fact that now they're saying there may be life in Venus's clouds and today what do you feel like the most people found the most interesting I think they found the most interesting find it was like when you show them they instantly identified those objects with something in their mind that helped build these megalithic structures on earth because the structures are very similar and I do you think the government and religion and all these that know a lot when you have complete knowledge of situation you can then keep the people in the control all of a sudden all of the religious systems collapse you're talking about a multi trillion dollar industry yeah we want to know who if anybody is what's happening to the indigenous people what happened to between questions and that again now the energy system is a multi trillion dollar system that we is when we we look at Mars and there's a lot of looks like ancient civilizations don't exist now do you think it was a major disaster do you think it was just they Ford built exploded at Penn it was called tm in the ancient times according to the Samaritans and that's not discovered way back in the sixteen hundreds have been deciphered by many people before all talk the other parts of it broken into chunks became the asteroid belt Mars was a moon armone now was also a moon of that planet which now that's why we have now doesn't have any look at one hundred zero when you look at the Giza plateau off his balls of glass in the sand vitrified protocols on Mars there's a Zenana weapons-grade Zine on Mars some in space debris raining down on planets and moons you have to clear out of here technology that we had from our ancient past do you feel to higher level of civilizations before even way higher than what we are now on our own us at the right moment or for us wrong for them the right moment they came to a point and had we're GMO unfortunately and so But I think that what they vance not technologically because they were just starting back out to rebuild or come back out but I'm
MBA1378 Must Read: The Trillion Dollar Coach by Eric Schmidt
"Look one hundred dollars show better business lessons you can count on everyday with our daily tentativeness lessons for the real world I'm your host your coach Teacher Omar uh they value each other's opinion any seek each others opinion you as the leader of the business the CEO you're the coach you're the person who makes sure that they do the things they need to do and support their progress and I love this metaphor because it reinforces the idea that you need to make your team but hitter you need to give them challenges you need to give them the opportunities to step up and your job is to keep them focused and keep their eye on the prize so easy to use learn more about the all in one marketing platform at MAIL CHIMP DOT COM this book trillion dollar coach Donahue from Ebay Mercer Mayer and Yahoo Dick Costello from twitter and Cheryl Sandberg at facebook so Bill Campbell is the go-to Guy Dr Coach by Eric Schmidt if you don't know Eric Schmidt is the CEO of Google but this book is not about Google or hurt Schmidt it's about a man founders Larry Page and Sergey Brin also guy named Steve Jobs from apple he also coach Brad Smith from intuit Jeff Bezos from Amazon John His all about Bill Campbell probably the most well known business coach of all time the interesting thing about bill was that he didn't really need to understand the look at bill really emphasize the power of team and had to make sure your team works well together that come they come to a solution together everybody goes to for advice for coaching when it comes to business excellence and leadership and this was great because shared all the insights the field I want to share with you the overall insights I got from the book but more importantly the impact it made on me one of the biggest themes that is shared in the when you read the book on TV the juice I wanna give you really the impact it made on me so let's get into it let's get down to business I'm Bill Camp Bill Campbell was a former American football coach turned business coach for some of the best business minds in the world what kind of minds the goals that you're trying to set out for the business your job is to give feedback her job is to allow them to have opportunities to ask questions so this theme it is throughout the book the idea of being a coach and not just a leader not just a manager is so important now there's a lot of strategies that you can dig into in the book inner workings of every little thing in a business to help the business leaders used lot of the concepts that he learned as a football coach in American football coach on well the book is called trillion dollar coach for reason he's helped the leaders of businesses worth more than a trillion dollars not only has coached Eric Schmidt who's the CEO of Google but also the fan here with you a book that I've read that has greatly influenced me as an entrepreneur share with you it's takeaways insights and why you should read it to today's must read is the trillion on leadership on management that Bill Campbell pass onto many of these people this episode this mystery is GonNa be a little bit different from other must-reads I'll explain in support for today show comes from mail chimp so you're ready to make that side-hustle your main hustle now was in detail but I want to give you the general takeaway from this book and really focus on that there's a lot of great insights tips but ought to save that for you cert- with the all in one marketing platform for Milton that's what it has everything you need all in one place to give you a new business strong start with the right marketing chips fall back on every time you're a little unsure about how to approach a situation on your team using this analogy as a coach instead of just a manager remember you might be a little bit loss especially if you're new and it can get more confusing if you're not just clear about what you expect Bill Campbell was also talks about management we talked about how to lead a meeting talks about how to evaluate people how to make decisions all that stuff is in the book and you're going to dive into it and find out for yourself they get straight to it they just tell them what they need to do and they sandwiches with motivation with her it's clapping or good job or a panel back raw comes from this analogy and I really love this analogy and it keeps coming back to in the book because it's a formal you can follow it's a formula that you can really a man of very high character there are many mentions in this book of what a warm and kind person who was how he greeted everybody with a hug visits with easy to use tools like the number one emails marketing solution website builder and social posts schedule. We've been using show for over five years and I love it because it's you can apply to every aspect of your job even the way you communicate with your team when a coach is on the field and they need to tell their player something treated everybody with a hug in fact the book actually opens up with a scene Noble Campbell has passed away in the scene was at his funeral all the different types the point here is is that as a coach you need to course correct and you need to just tell people honestly and transparently what's happening and what they need to do if you're really impacted me was the emphasis of valuing his relationships in his life he really valued relationships of people that were at his funeral from highly successful CEOS to his golf caddy at the Golf Course everyone he interacted with felt special employees whether it's with other businesses or our clients or people in the media or whatever it is this is happening all the time people are really evaluating his net worth right how many deep connections he can make with people so much so the everybody thought that he was closest to them the bill Campbell had was clarity yet clarity and everything he did he was clear about what he expected from his team he was clear about the yes I want a manager I want somebody I can learn from I want somebody I can have as a mentor it would help if I knew it was on track I would help if somebody can help mm-hmm but he was close to everybody any time for everybody which is very interesting how he's able to convey that feeling to people and I find that very impactful because you know we title and they felt like bill was their best friend who is a man of integrity who's a man that always return people's calls he made time for people and one of the things that isn't managers and making sure that the leadership was doing their job I'm gonNA share a little story from the book Larry and Sergei from Google founders of Google when they started google they said them in Google he said no you need managers this is not healthy for the organization to have no managers in place the engineers and to ask them to also be really good management is asking too much so we should take that off their plate so they can focus on the superpower and give them a manager give them somebody most of us are doing google searches and not Yahoo or bing searches you know bill kind of talks about you know innovation is very important but everything has a cost at what cost who we are as a people on a regular basis and if you want to leave a legacy that matters then is a good idea treat people nicely and I really like this underlying theme the sometimes we don't have clarity on the why why are we doing this why are we working so hard every day and this is why he really loves doing all hand meetings treating everybody I'm interacting with WANNA shift my focus in today's listen with the overall impact and Kinda takeaway I got from the book and I think the gift the book that he treated everybody so well so nicely with warmth with care and he was genuine and heartfelt it makes me think how so ask yourself as an exercise anytime you try something new or something different what's the cost what's a trade off just so you're aware of what you're losing and gaining ever lives you try to accomplish our goals in business we try to achieve great things tree great products but the relationships we make along the way whether it's in business whether it's are we going to innovate to what extreme larry and sergey wanted to innovate to the point where there was no managers what's the cost of that didn't even perceive that there was a cost me and guide me throughout my career Larry and Sergey realized bill has a point these engineers are really good at engineering that's their superpower what's the engineer's a see what they want and they went in the asked the Google engineers hey do you wanna manager they all gave a resounding yes as a response who can help them organize their projects as well as be their mentor and course correct them when needed and they say the book because of that decision it was very clear there's no ambiguity there's no reading between the lines and this is so important as a leader and as a manager your team buddy sees their role their tasks and how it contributes to that goal how they're actually moving us forward in their own way why do we need managers managers let's just let the teams decide what they want to do and what to work on and let them just focus on the product they really didn't have any corporate experience instructions he gave the people he coached whose clear about the decisions he made and this is really important just to be clear Bill Campbell was a high power exotic as well he was going back to my biggest takeaway of clarity sometimes things get busy in a business like currently our software business manager is super busy where a growing team and and we can do it together as a team everybody's doing their little job everybody's doing their part of the task but those little jobs in little task come together to a big support for today's show comes from honey book I don't know about you but when you dreamt of starting a business did you dream about all those adventists like drafting proposals and contracts and or I should say all hands meeting which is basically a meeting with everybody in the company and he tries to do as frequently as possible we've been doing this for a little bit now for over a year and it's basically once a month we do a call with every single person at the video call face to face our team is remote but the point of the all hands is to the chairman of the board of intuit who was on the board apple he was on the board of Trustees of Columbia University so this guy definitely walks the talk right but in everything he did really needs to understand what they need to do what's required of them how did he succeed in their jump big touching base with his team members touching base with the you remind people to align people with the the goal the prize keep your eye on the prize right what are we trying to accomplish here as a team would perform better in the company overall perform better if there was management they didn't audit and they couldn't decide so bill say hey listen don't take my word for it less especially if you have somewhat of a long commute voice actors actually quite good changes his voice when he's quoting Bill Campbell to resemble his voice one of the things that's what I mean by clarity there's so much clarity and coaching you want people to go to work and have a clear understanding of this is why I do what I do this is why I loved kept on thinking about when I was listening to this book is how can I apply what Bill Preaches and teaches to my business but quickbooks the G. Suite Excel and Jimmy no wonder it's the number one choice for client and business management for freelancers and business owners listen you need to focus on rush NBA for fifty percents off your first year that's try honey book dot Com Slash Mba to wrap up today's must read episode the trillion Zolt. I might be doing a little thing here writing a blog post south the whole business but it's supports the goal and we need to make sure as leaders the ever when I'm running some errands and it's really an easy read to listen to things about six hours long son about a week or ten days you can finish the book nice and easy important it's an online business management tool that organizes your client communications bookings contracts and invoices on place honey book makes it simple to run your business allocco marketing things go on content engineering is working on projects customer services working on their own thing there's so much stuff going on it came straight out of college and they just adopted the model of a university were students is really produced the work so when Bill Campbell came along and was coaching walking down payments organizing invoices that wasn't part of your vision you need honey book I know it was part of mine so this is what honey book is dollar coach by Eric Schmidt I highly recommend you pick up this book I picked it up on audible I really like it in the Audio version I listen to it in the gym when I'm working out the story of Bill Campbell is that he coached all these execs all these very very successful people for free he never asked for a dime now she don't miss a beat so you get the Knicks episode automatically to your device also very special announcement I'm running a live workshop alive training on how to build your own the product the service whatever you offer the customer the value of Your Business Not Adleman lead honey book take care that for you and right now honeywell is offering our listeners fifty percents off when you visit try honey book dot Com slash NBA payment this flexible in this promotion applies whether you're paying monthly or annually good honey book dot com slash better yet it's that cool we're talking professional templates e mail signatures and Filton automation keeping everything track and heritable can even consolidate services you already use the he never charged he did well professionally and I think it was part of his effectiveness people would listen to him because he had nothing to gain leader to reinforce and to clarify the meaning behind their work more on today's most read trillion dollar coach before that let me give love to today's sponsor he's episode I'll see you in tomorrow's episode I'll see that take care automated webinar system all the steps to get automatic leads and sales for your business just go to whether Ninja dot com slash class so how can I be more like Bill Campbell make that kind of impact in the world that can impact on others what I realize is I start with my business I got to start with the this is why I continue to do what I do. You never want to have a moment where your employees wake up one day and they're like what am I doing what is this all about is this just a hamster wheel. It's your job as the Lee to register for this live Webinar that tapping October twenty third again that's wilder Ninja dot com slash class before we go on a leave you with this the craziest thing about this book in work with me I got to be the best coach possible to them then I can move on and try to help other people business owners then hopefully when I'm long gone present home I'm also the CO founder of the Hundred Dollar Mba business training and community online and today's episode is must read episode on our must read episodes by giving this advice other than to help you he's not on the payroll right. I just found that interesting how generous he was
Ep. 312 - Wellness = Live, Work, Travel
"That's disappointing. Get I walk into his three hundred twelve of Trent three sixty five days choose the night of October greetings from Rimini for a couple of days. He hanging out for a few days after the globe wom- summit and just reflecting on the global wellness economy monitor report that was updated during the summit. And the took us from a three point what of the three point? Seven trillion dollar industry before now. Four point, two trillion dollar industry. One of the things I like about that particular port is that it does tend to simplify things for us pretty well which which is a good thing. One of the things that they talked about was that the real growth in this industry is going to be wellness where we leave, obviously wellness where we work, which make sense and wellness where we travel. So in a way they sort of become the three core pillars of the wellness industry moving forward. And so what you want to do from a business perspective is think about how your business is going to impact people in one of those three areas. In one of those three places. In one of those three times in their life, if you like, and potentially the exponential growth is really going to happen where those industries cross. Oh, if you can hit someone both with leaving work bang, there's exponential growth in the if you can hit them similarly where they work and travel bang exponential growth. So it's an interesting report. I'm looking forward to delve into bit more detail which I haven't done yet to be perfectly honest, but go check out the global wellness economy monitor report, two thousand seventeen edition. I guess it is. You can get it on the global wellness institute website or free. Just putting your details and you can download it or that's thanks for tuning in. I will be back in tomorrow, so yeah. Yeah. Jodi. The podcast you just heard was published with anchor, got something you want to say to the creator of this show, send them voice message using the anchor app free for an Android.
Weekly Update --- The Federal Reserve: More Lethal than Coronavirus
"Hello everybody and thank you for tuning into the weekly report. The fellas are more lethal than corona virus last week the Federal Reserve. It will keep interest rate at or near zero until the economy recovers from the government. Impose shut down following this announcement. Federal Reserve Chairman Jerome Powell urged Congress and the trump administration to put aside any concerns about the deficit and spend whatever it takes to stimulate the economy and Combat Corona virus. The Federal Reserve previously announced. It would make unlimited purchases of Treasury securities that's encouraging Congress and the president to increase spending and debt with some members of Congress talking about another multi trillion dollar stimulus bill and with president trump promising a two trillion dollar infrastructure plan as a way to get Americans back to work. It is obvious and not surprising that Congress and president trump gleefully agree with Powell's advice increasing. The purchase of the federal debt is not the only action. The Fed has taken in a desperate attempt to keep the economy afloat. Since the corona virus lockdowns began in early March the Fed has greatly expanded its balance sheet. The Federal Reserve has also launched an unprecedented program to loan money directly to businesses while some states are beginning to end. The lockout is it may be months or even another year before. All the lockdowns finally ended. It is unlikely that the economy we will completely recover after this shutdown and the economy was teetering on the brink of recession months before anyone heard of corona bars last September. A panicked fed began. Emergency infusions into the repurchasing market which is where banks make short-term loans to each other the Fed's balance sheet expansion also began in September. The Fed was also interest rates down before the corona virus panic and it will likely keep rates at or even below zero long after the crisis related to shutdown business subsides economic stagnation combined with zero or negative interest rates. Remove incentives for people to save this depletes the supply of private capital available to invest in businesses and jobs. The lack of private capital will put pressure on the Federal Reserve to maintain and even expand its new lending programs indefinitely. Each of the Federal Reserve's responses to the Carolina virus shutdown increases the distortions of the market caused by the Federal Reserve's meddling with the money supply and interest rates. These increased distortions guaranteed the inevitable. Crash will be much more severe than the current downturn. The one upside is that the next meltdown will likely lead to the end of the Fiat. Monetary system and thus the end of the welfare warfare state the only way to minimize the coming crisis to begin immediately. Unwinding the current system. The first step is to end. The lockdown and let businesses reopen and people. Go BACK TO WORK. Congress must then begin challenging the monetary policy by passing the audit the Fed Bill. Congress should also cut spending. Starting with ending are hyper interventionist foreign policy and bringing the troops home ending the welfare warfare state and the money system may cause some short term pain but that pain will be dwarfed by the long term gains in liberty peace and prosperity. Thanks for listening.
Nigerias Stocks Investors Gain N1.93tn in October
"You're listening to the news office hour on Africa Business Radio investors ended on June in equity Market gained 1.9 three, four trillion dollar in October as a market recall his best a monthly game since 2018 on the continued inflow of fonts as searching for real returns and positive reactions to the better-than-expected third-quarter Leanne our month beginning so far released the market capitalization of the manager in stock exchange, which measures the total value of listed equities Rosa from 14.0 to 4 trillion, naira the end of September to 15.958 trillion naira at the end of October in the case in a growth of 1.934 trillion, naira or 13.79% The NSC all share index The Benchmark index plan 13.8% from 26831.76 to close a 30530.69 compared to Five Point juice. 10% growth recorded in September and that was the news at this time on Africa Business Radio. You can continue to listen life online at w w w dot Africa business radio.com or fire our mobile app. I am Rachel to gender. Thank you for listening.
We love stories about Silicon Valley success, but what is its history?
"This marketplace podcast is brought to you by ultimate software dedicated to putting people first with innovative solutions for hr payroll and talent management learn more at ultimate software dot com ultimate software people first end by the michigan economic development corporation john rodman ellie founder and ceo of airspace experience technology says in michigan revolution is in their mind that what planet m is doing to help businesses make that possible at planet m dot com that's p l i n e t m dot com silicon valley is rich source material for stories but what is it's actual history from american public media this is marketplace tech demystifying the digital economy i'm jed kim in from hollywood mm we're fascinated tales of visionary entrepreneurs trillion dollar companies american tech success story foreign leaders have been keen to understand an replicating innovation juggernaut that is silicon valley but little has been written about the entirety of it be economic ecosystem of silicon valley in how devolved margaret romero says silicon valley is uniquely american product born from being at the right place at the right time her new book the code offers comprehensive history of modern american tech industry dating back to the nineteen dean forties so i asked her what she says so many people have after what's the secret sauce i know one of the secret ingredients is time it's history a what we have now the silicon valley of today is the product active seventy five years of history it's a story of big government incredible entrepreneurship and technological advancements the famous people you've heard of the these business leaders who kind of took took their companies broke out from the pack and became 'em really market disrupting market defining companies but it's also a cast of thousands of both technical and non technical people who helped make magic happen what other parts of the people pay too much attention to the you don't think warrant the in why i think people pay too much attention to the stink different iconoclast dick this is a different place caesar special people there is something to that like this was a place that was off to the side of the main action a little agricultural valley in northern california a far away from wall street in washington far away from boston which would be original capital of high tech and that isolation kind of created this really distinctive community i call it a galapagos a of these not only technologists but also specialized business services venture capital being one there's this this services industry side marketing being legal investment that is a real part important part of the silicon valley story in that often doesn't get emphasized wouldn't z ingredient that people most over look i think ingredient they overlook is the public sector side not just defense things like investment in are in deep but also in education in k through twelve education in higher education both public and private you know this first generation of people who come out to silicon valley in the fifties they were young men without engineering degrees but not many connections you know the people who were ivy league graduate who went to prep school who had fathers and uncles you know who had you know big fancy jobs and wall street and and they they tend to the stay on the east coast the people who came out to the valley were many of them kind of middle class kids who came out funnily enough it's kinda strange to say this now the cost three million dollars to buy a little bungalow in palo alto but they came out california's living with easy and it was not that expensive and you know and you also have people like steve jobs for example you know he's he's this middle class kid lower middle class kid who's growing up in this place anna's has this is you know has the great advantage of being in the right place at the right time he doesn't come from connections doesn't come from wealth 'em his public high school whoever had a computer lab in the late sixties speaking of steve jobs i love the anecdote of him stumping in congress for two weeks frustrated that the tax cuts he wanted worn happening and you surprised by it i i really it goes to show that there were just so many factors in at different kinds of people that were you know kita making this region the tech capital of the world you know how aware of each other words these different players these different players were aware of one another but they often didn't understand one another 'em i mean this book is about silicon valley but it's also about silicon valley wall street in washington you know these three power centers and how they relate to one another story of steve jobs going in lobbying for tax breaks for computers teachers in schools in the early eighties is such a great example of this is a guy who a couple of years later admits he had never voted in his life and says that without a speck of embarrassment 'em but yet he recognizes that lawmakers on both national an state are really important and that 'em an end he sees education and computers is computers in education is a really important growth area for apple really really important to get computers in front of kids 'em end end and he you know but of course he goes and he he tries you know for a couple of weeks to get this bill passed it doesn't it doesn't go anywhere because you know oftentimes legislation doesn't go anywhere in congress for a host of reasons right 'em andhra then he comes back kind of throws up his hands and comes back and then his he comes back to california and jerry brown who then with governor his first a time as governor who is a great ally of the tech industry a says well will do a tax break at the state level and they did end so it was a great boon for apple because that meant that a apple tuesday were in classrooms across california and so the next generation a has an apple as their first exposure personal computing is really great news margaret merit is the author of the code out this week tomorrow will continue our conversation with her including how crucial immigration policy reform west him making silicon valley possible possible over some related links if silicon valley meggett success is something you dream of realize that living in it is a grind ended takes its toll even on those at the top tech crunch has eight phone conference interview with a former successful vc investor who now coaches executives on managing their mental health most of the interview is behind a paywall but the snippet that's freedom reed has an interesting take on ambition and its effect on leadership basically fear is the mind killer people you can't talk about silicon valley without talking about how crazy expensive real estate is there especially with big tech companies buying up in developing property pretty slow those new constructions mean new property taxes counties grade school funding san jose spotlight looked at their property assessment recently released santa clara county where most big tech campuses are located it's five hundred and sixteen billion dollars last year apple opened its sprawling apple park office in santa clara the company is appealing it's tax assessment it says the facility isn't actually worth that much on the open market because what fire is gonna pay full value for say a spiral elevator down to eight giant underground theater i'm jed kim and that's marketplace tech this is
"This episode of market foolery is brought to you by indeed. It's Tuesday march twenty fourth. Welcome to market foolery. I'm Mac rare and joining me from Florida is Motley fool contributor. Dan Klein Dan. How are we doing? I'm doing well given the circumstances going a little crazy but working a lot and you know by all accounts do it. By how are you? I'm good Dan Strange Times. And let's get right to it because we're taping this around noon on Tuesday noon Eastern and at the time of our taping. I want you to to brace yourself at. The stock market is up and it is up big now. We have a lot of optimism. Tan Congress may be closing in on a two trillion dollar stimulus stimulus that would include direct payments as well as loan assistant programs for business. Now we don't know all the specifics. Dan Do right now. The market really seems to like the potential. The Dow up around seven percent investors feeling optimistic. Are you feeling optimistic? Yeah it's not even so much about the details. It's about kind of putting a floor on this. If we know that Boeing and southwest jetblue and other major industries aren't going to be driven out of business by this that that suggests that normalcy could eventually return. Obviously there's a lot of devil in the details but right now. This is just kind of creating some belief for people that eventually there will be a way out of this that there's a government backstop beat loans be a direct payments. That's going to help. People PAY THEIR BILLS. But also keep these companies open because these are all major major employers. I mean a lot of people will frame. This sort of government giveaway. But what are you supposed to do? The goal is to keep people at work and bat is leading to a ton of optimism. It Dan. Let's talk more about that. You just mentioned some of the Big Airlines and I'm wondering when it comes to the bailout piece of this. To what extent do you think the government will essentially be in the business of having to pick winners and losers having to decide? Who gets what how much. Yeah so. We've seen none of the details of exactly how this is GonNa work. But let's assume these are loans and that they're at least somewhat secured against the asset of the company. So the reality is I don't WANNA see failing companies get loans that keep them in business for another year or two when they would have died. Even if corona virus had not been issue. But I don't see so far a lot of mechanisms to stop that from happening. Obviously there has to be some sort of means. Testing looking at balance sheets looking at what company was doing but most of the names we've talked about. I mean obviously Boeing is headed struggles. But it was a fairly solid business before this. All of the the airlines. We've mentioned jetblue. Southwest those were on firm financial footing. So it's GonNa be the company's on in in some of the more struggling industries. We talked about retailers last week. Some of those were going away anyway. That's probably true of some of the hotel brands that have had their struggles Maybe some overbuilt casinos. So yeah we need to see the rest of this and some of this money might go to things that don't deserve when you work this fast. That almost has to happen. Okay Dan now. You're in Florida and I know from our recent conversation that you love a good cruise so I wanna you want to get your thoughts on how this might shake out for the cruise industry and specifically the big pureplays. Now we have carnival which owns Prentice and Holland America among others. We have Royal Caribbean. We have Norwegian are the cruise company is going to get some relief from the stimulus. And if not can they stay in business so I don't think they are because they're largely dot? Us companies some of their subcontractors. Might maybe some of their workers will be covered in different aspects of this. Obviously a lot of their workers are not American though. Of course their office personnel largely our citizens so but I can only speak to royal and Carnival I. I haven't looked into Norwegians finances but both royal and Carnival do have significant Barak Capability They do have a lot of money on hand. They have capital projects. They could push off in a time where it's GonNa take a while for demand to recover. They probably don't need to build as many new ships so assuming this ends in four to eight weeks or and people can get back out on the Ocean. They will probably make it through. I looked at all the numbers yesterday and it looks encouraging the challenge for them is will people come back. And as I've mentioned to you I have cruises book I fully intend to cruise this summer Unless the situation remains this dire of but this is an industry that's very very vulnerable to public perception and people. It's hard to know if they will think this is safe. Even when the rest of the world has returned to normal and Dan I wanna hit it from the public sector and the potential bail out here to the private sector were really starting to see some interesting partnerships in the private sector. We had an announcement today. That Ford will be partnering with Three M. and GE healthcare to begin producing facemask and ventilators. What do you make of news like that that answer some questions for me because when Ford and other automakers were talking about making ventilators and as someone who used to run a factory I thought wait a minute like how do you of the Tulane? How'd you have it on even like the blueprint for how to bake a ventilator? Is it that easy and clearly? It's not that hard. But they're going to get assistance from three M on how to make it. Some of the supply chain repurpose things like fans they use in certain ventilated seats To work in ventilator so this is industry sort of the best of the best coming together to make something that needs to happen happen and it's very encouraging okay. Dan and speaking of the best of the best. Let's Talk Olympics. It is now official now. We expected this. But it's official. The two thousand twenty summer Olympics have been postponed has been the Olympics is a collective thing so I gotta use the right verb. There Dan has been postponed now on Tuesday. The IOC and Japanese government agreed to postpone the twenty twenty seven Olympics quote to a date beyond two thousand twenty but not later than summer twenty twenty one end quote now. Dan. This is not just a sporting event. This is big business at comcast which owes NB NBC universal expecting more than a billion dollars ad revenue for the Olympics. Yeah about one point. Two billion in on the last Olympics. They made two hundred fifty million in profit. They might not make as much on this one because the last one was in Rio so you had a more favourable time zone as opposed to being in Japan but this was the only decision possible. Athletes can't be sticking to their training regimen so even if everything was all ready to go on the world is operational by mid July. You simply don't have the logistics to make this happen so postponing it's GonNa be challenging. The sports calendar is going to be very difficult. There's I believe thirty one. Maybe thirty two effected sports here and some of them like soccer. Have very busy calendars anyway? So there's a lot of moving pieces but you had to do this at because there was just no way to make it happen and this is largely. Revenue postponed not revenue. That won't happen. Unlike in some of the other major sports you're simply GONNA lose games and because they're in every year thing. There's no way to make that up. This is just going to change the Olympic cycle where they'll be two summer Olympics closer together Which might be good because it'll create some stories with some athletes. That'll be pressured people's memories and I WanNa talk more about that. Because obviously the other professional sports Have had either cancel or suspend their seasons. Baseball would be starting in a few days. Dan and that for me is normally would be very upsetting except an astros fan and that essentially just as the Astros Bernarda get booed everywhere. They play now because they're not going to be playing for the whole cheating scandal. But I'm curious when you look at Major League baseball the NBA NHL Other professional sports. That are not happening. Do you think there will be long-term effects from all this so long term and first of all when he said the Astros? I thought it would boo from here but as a as a red SOx fan of a little afraid of speaking to suit. Oh that's right. 'cause they announced the punishment for the red SOx right. Yeah the shoes yet. To drop the withhold by BOO look. I think sports are such a part of the American fabric that I hope we have on. Nhl Season I hope we have an NBA season even if it's shortened the way the NHL is talked about doing twenty four team playoff which would include every team including my New York Rangers That could have qualified. Had the season played out. I'd like to think we're GONNA get something we may not. We may get emptier. Rita stars competitions or just weird things to fill TV programming but eventually when we get to next season the demand will be a nervous. I think we all realize how much we miss boards and how much sports fuels I mean. I don't know if you watch. Espn BUT OTHER THAN NFL free agency. They are struggling to find things to talk about. So there's all these industries not to mention the fall TV season. That would be promoted around sports all this sort of different reasons. You Buy Watch sports. That's all I'm hold entire advertising businesses kind of on hold Dan. I WanNa talk more about that because I love that point because as we're all quarantined here right now you and I are using zoom video and we're recording the audio of course but more and more people using zoom skype and and all sorts of Whiz Bang Technology and so on one hand I can see that becoming more mainstream even when we out of all this people now know how to use zoom or they they know they have tools that they didn't have on the other hand. I can also see. People really appreciating the person experience whether it be sports whether it'd be live music that I love going to. I mean I feel like when all of this and I'm going to have a renewed appreciation for live events. Yes I think it's. It's a little bit of both I. We talked about cruises before i. I'm GonNa hug the first person I see when I get to go on a vacation to do something for fun And the same with concerts. I've missed out on some concerts on the other hand. Some of my favorite musicians have been using youtube resume or whatever it is to broadcast live from their basement so I've had some really fun somewhat intimate experiences with artists. I really like you know playing to maybe ten people. Maybe a thousand people so. I also think you're gonNA see a better understanding of not making stupid trips the example I will give. Espn has been having all of its correspondence from home and a lot of times they would fly in La correspondent to do a connecticut or New York Bay show for the day. And that just seems silly when you could do it over zoom so I think you're gonNA see acceptance of this works and it could be done better. This isn't the old skype videos being used on the news. You look like you're like a hand held camera from Nineteen eighty-four. This is really good technology. That's that seamless. And more people understand it. I think I've mentioned on a couple of shows we've done. I've done with other people that my mother had no idea. Zoom existed announced pretty big part of her world with with keeping in touch with her friends. And so we're absolutely changing behavior. But am I still GonNa go to in a sporting event? I absolutely can't wait okay. Dan and I think I buried the lead. 'cause I know that you are wrestling fan. So where where does this leave wrestling and specifically WWe WWF faces a pretty big challenge in that a lot of its revenue are? What keeps it? Profitable is television deals. And so far it's been able to fulfil those deals by doing empty arena shows at its training center There are very strong rumors that they've recorded a few shows in advance That wrestlemainia has already been recorded. Which is gonNA take place over? Two nights also would not shock me if they licensed wrestlemainia. Yes Bien because ESPN has been running some old wrestlemanias. I think to reasonably good ratings so for. Wwe The big question is at some point. Will they not be allowed to carefully controlled closed? Arena? Show is if they stopped delivering programming. They stopped getting paid and that does create problems. Maybe less problems. A lot of companies because pro wrestlers are contractors so while most of them have downside guarantees meaning minimums. They'll be paid. They're not getting huge money if they're not performing for the most part But this is a touch and go. Wait and see because you have see. Has it been able to put on scheduled events because they couldn't find a venue that would legally let them do it but because they are real sport there are Athletic Commissions? That regulate them. Wwe Is television so they have a little bit more leeway and so far they've been able to find ways to do it and a do have the ability to enhance some of their live programming with programming from their network with old matches dropping a lot of stuff in shows. So I'm fairly confident that they'll be okay even if they do end up with some sort of temporary disruption. Okay Dan. Let's wrap up with the desert island. Poll you're on a desert island and you have to own one of these stocks for the next five years. Let's go with the cruise lines. Carnival Royal Caribbean or Norwegian. Let's throw in WWe and comcast which owns the broadcast rights for the Summer Olympics. What do you think so I really WANNA say Royal Caribbean? But I'm on a desert island. Something is probably gone. Very wrong with my crews. I'm kidding as much as I believe in Royal Caribbean. I think the true winner here is Comcast Universal. Of obviously they're experiencing some delayed revenue. Their theme parks are open. But they're such a diversified company. I would assume the market for at home television streaming and all the other things they do in and cable and Internet Has Dramatically gone up so there will be short term. Hits clearly losing some revenue or at least pushing some revenue down the road. But when you're doing that they're going to have a monster lineup of movies. They're going to have an incredible array of sports rights. That might get all clumped together a little bit but those things are going to happen and that comeback is going to be pretty fast market foolery at full dot. Com is our email for your questions for your comments. Market foolery at four DOT COM Dan Klein. Thanks for joining me. Thanks as always people on the show may have interest in the stocks they talk about and the Motley fool may have formal recommendations for or against. So don't buy or sell stocks based solely on what you hear. That's it for this edition of market fully. The show is mixed by Dan. Boyd and Mac Queer. Thanks for listening.
Are you Fearful of the Migrant Caravan?
"They've called him racist sexist, but they've never called Doug, Casey wrong. Find out why at incorrect, book dot com. Okay. This is a fascinating story. The line on the liberal line is the President Trump is evoking fear or by concentrating on a migrants as going to block them if they ever get to the border, which I don't think they will with American troops. So that he's evoking fear. Are you afraid I'm not really afraid. Maybe it's gene that I lack I'm not really afraid if the migrants get to the border. All right. I hope they don't I'd like to see the military's act as a bulwark explain that later. So that they don't reach the port of entry and apply for asylum because his three year backup for asylum. All right. So that means that if you apply for Silom it any US for to call your in the country for more than three years. And the government doesn't know what you're doing. Or who you are. Because that's the law that's immigration law. If you apply for asylum. You have to be heard, and it's not like you can check out people from Tegucigalpa. It's not that easy. You see, and it costs a fortune the American taxpayer twenty two trillion dollar debt. Fifty percent of all immigrant families, legal and illegal on means tested welfare. These people are marching in here with nothing.
The two trillion dollar question
"Mark it's Wednesday march twenty fifth and the country's gearing up to make it rain two trillion dollars. I'm Sean Romney's firm and this is your corona virus update from today explained. The biggest stimulus package in the history of modern American. Politics hasn't yet passed but Congress has reached a deal on the legislation much more on that in today's episode meanwhile crisis continues to worsen in New York City were governor. Cuomo's cases are doubling every three days and as many as one hundred forty thousand people might need medical care in the next few weeks people. Leaving New York City have been told to self quarantine for fourteen days in England. Prince Charles has tested positive for Cova. Nineteen for those of you who haven't watched the crown. He's the heir to the throne to queen herself isn't self-isolation and turns ninety four. Next month in Spain the Cova One thousand nine death toll has now surpassed China's. It's around thirty. Four hundred second only to Italy. Spain has asked NATO to step in and help with the epidemic and today is day one of India's full lock down one point three billion people or one of the world's population lastly Washington. Dc's National Cathedral said one of its stonemasons recently discovered boxes containing more than five thousand respirator masks in the Cathedral's Crypt The Washington Post reports. That the masks had been purchased in two thousand six during an earlier health scare will be donated to two local hospitals. So check your craftspeople. Your health care. Workers need those masks. Get in touch with today. Explained were on twitter at today. Underscore explained at Rama's firm. Email us today explain it. Vox Dot Com and you can call and leave a message at two. Oh two six eight eight five nine four four my email. Inbox is any indication. It's a it's a tough time for a lot of businesses right now and also potentially a good time for some others if you're trying to ramp up net suite by Oracle wants to help by giving you a full picture of your business finance inventory. Hr customers and more all in one place from work or from home can being anytime anywhere. You can use a net sweet to the number one cloud business system right now. Get your product tour and free guide six ways to run a more profitable business at net. Sweet Dot com slash explained that is net sweet dot com slash explained. Madam president after five days of arduous negotiations after sleep-deprived nights and marathon negotiating sessions. We have a bipartisan agreement. On the largest rescue package in American History Ellison box Congress has agreed on a two trillion. Dollar stimulus package. It's historic nothing like it has happened ever before in American politics. At least in the modern era and it makes the two thousand eight stimulus which was something like eight hundred billion dollars. Look like small potatoes. How did we get here? So it's important to remember that the deal that Congress reached on this two trillion dollar stimulus package very early this morning. This is phase three of the corona virus bills so a couple of weeks ago we had phase one which was a relatively small eight billion dollars for research and development for Corona Virus Vaccine Research. Then last week we had a hundred and four billion dollar bill that went for free testing creative. Irs testing for every American including those run insured and expanded paid sick leave and other things even though there were some loopholes in that bill. But this as as you say this was. This was the big one This is a two trillion dollar package. That kind of has something for everyone. It has five hundred billion dollars for big businesses. It has direct payments to Americans that are struggling on an expanded unemployment insurance and it has money for hospitals okay. Well let's talk about each of the sort of one by one starting with the aid to businesses. This was the sort of contentious element that held this thing up a few extra days right. Yes so this is a five hundred billion dollar loan program for for big businesses including airline companies companies. That have have seen through no fault of their own. Their business just drop off entirely. Because people aren't flying. Economic activity is is really ground to a halt so compared to two thousand eight and two thousand nine when we were bailing out banks that had arguably caused the financial crisis that we found ourselves in the government is now quote unquote bailing out these big businesses that are seeing of huge loss of revenue due to current virus. The obviously did not cause so the reason that this was so controversial was initially in the first draft that Senate Republicans put out late last week. The trump administration and the treasury secretary Steve Mnuchin had very large discretion over this five hundred billion dollar loan program. Bill still includes something that most Americans don't WanNa see large corporate bailouts with no almost. No strings attached. Maybe the majority leader thinks it's unfair to ask protections for workers and Labor to companies that are getting hundreds of billions of dollars. We think it's very fair to ask for those. Those are not extraneous issues that is a wishlist for workers. Nobody else and so we are looking for protection. We're looking for oversight. So if you're worried that you know Steven Mnuchin was just going to hand out. Billions of dollars to companies that were favorable to the president. That ain't going to happen anymore. Yeah it's going to have oversight attached to it. There's going to be an inspector general within the Treasury Department and potentially a congressional oversight panel so there are going to be outside people other than Steven Mnuchin now looking to see how the money will be spent having input on how these loans will be doled out to businesses and it's five hundred billion dollars that are going to go to like big corporations. How much money was set aside for small businesses three hundred sixty seven billion dollars for a small business loan program It's just interesting. Like three hundred and sixty seven billion dollars concertedly shore up companies. That are losing money right now but it can't bring them back the business that they need to thrive right. Well I mean ultimately the only thing that can bring these small businesses back is is consumer spending right. We just can't do that right now. So and and this was sort of the argument that Democrats were making throughout negotiations. Was this this trickle? Down stuff and bailing out these. These big companies isn't necessarily going to get to the root of the problem because the root of the problem is just that people are trapped in their homes right now and they're not going out and spending money at their local restaurants and spending money at stores. I think that what Democrats are arguing is an in Republicans to be fair. Came around to this idea pretty quickly to of direct cash payments to people because ultimately what you're trying to do is get people spending again. Well let's talk about what individuals are getting. What kind of casher regular people going to get out of this two trillion dollar stimulus that regular people will pay for if you are an American adults? Who is making seventy five thousand dollars or less annually? You will probably be seeing a twelve hundred dollar check or a direct deposit. Show up in your mailbox or your bank account or however it's going to be delivered to the American people and it's important to note. This is a one time check. Thus far in less Congress comes back and approves additional money to to get people additional checks so if you make more than seventy five thousand dollars you are not going to receive that full amount. It kind of depends on your income and basically the idea. Is that people who are pretty comfortable right now and are making a lot of money. You don't necessarily need as much government assistance. There will also be a five hundred dollar payment if you have kids so five. Hundred dollar payment to cover every child in qualifying households. What else can individuals expect out of this two trillion dollars? Another big thing. That Democrats were talking about that. They got out of negotiations was what Chuck. Schumer likes to call quote unemployment insurance on Steroids. Nice and this is increasing unemployment insurance by six hundred dollars per week for four months so if you are laid off and you are getting unemployment insurance. Duda CORONA virus. You are eligible for an additional six hundred dollars per week to again. You know help you cover your basic expenses like rent and food medical costs etc So this money is in addition to what states pay as a base unemployment salary and it's important to note that this benefit extends to people who work in the GIG economy so uber and lift drivers post mates delivery people people who are freelancers and then also furloughed workers and these are workers who are not no longer getting a paycheck but are still getting health insurance from their employers and then the third bucket of this is is medical aid. It's it's hospital. Aid Aid to healthcare workers. Is that right this? Is You know right now especially in in hard hit places like New York. Hospitals are struggling to meet. I mean they. They don't have enough capacity for the patients that they're seeing a lot of them are complaining that they don't have enough basic medical equipment. Like ventilators and masks there are big shortages. Not So what Congress has done here for. Hospitals is add an additional one hundred fifty billion dollars to hospitals who are treating chronic virus. Patience is this going to be enough especially when we talk about aid to hospitals and healthcare professionals. It just sounds like it might be too late. I mean New York has already had to suffer as a result of lack of supplies and and lack of hospital. Beds I mean and then more broadly speaking is this enough to shore up. Americans and American businesses and the economy. I mean that is the two trillion dollar question and I. I don't think we know at this point. Birther were already seeing more headlines of of more people getting sick death rates are going up as well so we haven't yet seen the worst of this. I think that there is a good chance that if Congress sees the need that they can come back and pass more money. There's there's always a way for them to do that. But despite president trump saying yesterday that you know he wants this all wrapped up by Easter. There is no immediate late at the end of the tunnel and I don't think we know yet if two trillion dollars is enough to save us from the damage that Chris is is wreaking not only to public health also to the economy after the break I asked as reclined the two trillion dollar question. It's today explained tech has consequences and recode by. Fox's exploring them all. With the new multi-platform journalism project called open sourced through videos and articles open source to explore and demystify controversial issues surrounding technology everything from facial recognition and surveillance to how add micro targeting will affect the twenty twenty election. The project is supported by the media. Network a global network of innovators entrepreneurs and technologists committed to addressing the most critical economic technological and societal issues of our time checkout open sourced and vox dot com slash open sourced. Find out everything you need to know about the hidden consequences of tech box dot com slash open sourced. How many of you have heard of ring? How about hint? How about tech over? I've heard of ring anyway. All of these companies have one thing in common. They all use nets sweet to accelerate their growth and net. Sweet would like to help you. Accelerate your business growth from wherever you are at your office by yourself. Hopefully six feet away from anyone else or at home. Maybe still six feet away from anyone else right now. I'm in a closet. For example anyway net sweet will give you a full picture of your business finance inventory. Hr customers and more everything you need to grow. All in one place and you'll get the visibility and control. You need to make the right decisions and grow with confidence. Hopefully and right now you can schedule a free product tour of net sweet. You can receive your free guide six ways to run a more profitable business and met sweep dot com slash explained that is a net sweet dot com slash explained e. x. p. l. a. i. n. e. met sweet. It could be sweet but not spelt that way S. U. I t. e. is the sweet. We're talking about here. Good evening as reclined. Even with this two trillion dollar stimulus. There's a recession coming if not already here. Do we know how bad it's going to be? How will it compare to the last one in two thousand eight right now? The early economic data suggest it will be much worse at least at its peak than what we had in two thousand eight which is not something. I thought I would be saying anytime soon. Two dozen it was supposed to be a once in a generation economic flood. And now we're looking at something that is not even possible so if you look at early unemployment filings. They potentially went up to three million over the past week. We've just never seen a number like that if you look at what Goldman Sachs and some other economic forecasters are forecasting for the GDP. Drop in the second quarter of the year. They're now up to twenty. Four percentage point drop. That would be the single worst quarter in the history of GDP statistics US Treasury Secretary. Steve Mnuchin said that unemployment could go up to twenty percent before he walked out back but then over the weekend. The President of the Federal Reserve Bank of Saint. Louis said he thought thirty percent was possible at least for a minute. So we're looking at something that at the very least at it's worst could be unbelievably bad and one reason could be unbelievably bad is this is really different in its dynamics and not just two thousand eight but really any recession. We can think of in memory we. It's almost not correct to think about this as a recession. This is a combination of a recession a financial crisis potentially a war and in natural disaster. Great Great and this is just the opening salvo of this recession crisis. War Natural Disaster. Yeah I spoke to mark Zandi. Who is the chief economist at Moody's analytics so he's a very well? Respected economic forecaster and as part of. Moody's they get a lot of incoming economic data survey data actual data all the time so they tend to know the economy is going just about before anyone else. I've spoken to sandy a lot over the years. And he was ending almost apocalyptic here but to be more specific. What he said. We're GONNA see four waves of economic pain. The first wave is the sudden stop of the economy. That's what we're in right now right. I can't go into work the way I normally would. The restaurants in my town are closed and non essential businesses are closed. People are sheltering in place wave to which is already here as well is unemployment. People are laying off workers because they have no sales coming in PIBOR. Cutting back hours among workers mariette furloughed. A huge amount of their staff. So mass unemployment is just beginning but already we're seeing numbers like nothing we've ever seen before. Then the third wave is what he called the wealth effect. So there are all these people who have 401k's they have money saved in the market for the retirement. This is true. Everybody was particularly true for older people who are towards the end or Paseo end of their earnings. And now they're seeing those savings wiped out and so there's a lot of spending this group is going to disappear and then the fourth wave is business investment. So you think of corporations or even small businesses that were thinking of opening up a second location upgrading to better office. Space a media organization is going to start publication. Whatever it might be. That's all going to go on. Hold so all that spending those going to upgrade machines create new capital create new products. A lot of that is gonNA disappear from the economy for a while. So of Sandy's four waves were living at least the first two already. The ECONOMY STOPS UNEMPLOYMENT. Soars the next to our imminent if not already here. People can't retire and realize their dreams and industry has to scaled-back. Is there a way out? So those four waves. Zandi said they're definitely going to happen like they are already happening. But there's a question. Now is the kind of recession we have. What's called a v-shaped recession where the economy plummets in? Let's call it quarter to maybe quarter three and then rebound super powerfully in potentially quarter three quarter four and then into twenty twenty one in that case. This will be bad but not that bad. What Sandy said and this is I think. Clearly true is two things could happen. That could disrupt that and this is particularly going to happen. If we don't get the disease under control quickly. The first thing that could happen. Is We set a financial crisis financial panic somewhere so already seeing very scary things happening in debt. Markets in bond markets in currency markets are a lot of both countries and companies that need a lot of US dollars and they're having trouble getting them. The Fed is out a huge amount of new programs. Right now to try to deal with this but it's pretty scary so if we have two thousand eight in reverse a problem in the real economy that creates contagion in the financial economy. That's GonNa be very very hard to fix. That's GONNA be years dig out of the second which is also I think very very present as danger is a mass wave of business failures. More than fifty percent of small businesses cannot survive more than a couple of months without sales. They just don't have a big nest egg. Small businesses tend to be reasonably low margin. Except you even a lot of big businesses can't survive very long in a very down economy if their receipts have gone down. Fifty percent seventy five percent and so if you have mass closures then not only when the economy does come back. Do you have to rebuild those businesses or something like them you know? And that's hard right. You need to figure out leases. P- places need to rebuild. They need to hire New People. But also it's not like they're workers can just come right back on. They have to find new jobs. There's matching costs. It's hard to search. There's a lot of uncertainty in that and so if you have a huge wave of business failures it's very hard to come back. Because you've lost a lot of the structure in which the economic growth could have happened once you got back on your feet so preventing those two things a financial crisis and a mass wave business failures. That's really really important and Congress's hoping that's why this stimulus will do but what if it doesn't that's the best case scenario. What's the worst? The worst case in our right now is primarily economic. I mean the worst case scenario is an unchecked pandemic with millions of deaths hugely overwhelmed health systems creating behind it a total economic catastrophe in some ways the worst case scenario to be is one that we are beginning to flirt with because the worst case scenario is that we lose our nerve here at the Front End. There is an enormous return to acting quickly. You prevent many more cases if you are able to stop one person from passing on the disease to after that person has passed it on to ten people. If you're trying to stop ten people from passing it on we are already seeing at the highest levels of our political leadership a blink. My message is that Let's get back to work. Let's get back to living. Let's be smart about it And those of us who are seventy plus. We'll we'll take care of ourselves but don't sacrifice the country don't do that. Our country wants to go back to work and again to cure. It's it's like this. Cure is is worse than the problem again. People many people in my opinion more people are going to die if we allow this to continue. There's this fantasy of an economy out there that you could somehow just have the economy operating at full potential. Even disease is killing and hospitalizing millions of people. All at once right nine eleven's every day in this country and I think the raw right now. The curve of new cases in America's vertical we are rising faster than Italy was at this point. That's very scary. Because this is an exponential curve as you rise faster then rise even faster and so if what happens is we let off the pressure when it is currently completely uncontrolled but I think is going to happen. Is it three months from now or even two months from now? Maybe even just three weeks from now when our health system is overwhelmed. There's going to be an enormous demand for quarantine an enormous demand to get this under control and that will happen when the economy is now gotten much worse so Jason Furman Who was Obama's former chief economist? But he's been writing about this. A lot on twitter and elsewhere made this good point that he thinks the correct way to understand the choice. Here is between social distancing right now and a bad economy six months from now or two months of nothing and then two months of even more extreme social distancing followed by a much worse economy after that and so the nightmare scenario for me is one where we've let the disease get completely out of control and that also spins the economy out of control and I don't know I can't honestly cannot believe that after five days of acting like a real precedent or trying to act like a real president that Donald Trump seems to have lost his taste for this and is now telling people were going to be back at work in two weeks. We we just need better than that right now. We just do. What is he missing? What are all the people who are looking at these unprecedented economic consequences over two million people filing for unemployment? Who Warrant two weeks ago? Who are looking at something much worse than a recession and saying is this really worth it. What are they missing? The hardest thing in politics is to force pain now to prevent more pain later and it's not that they're missing something exactly. It's they're living in the present and not in the future. What Donald Trump would any political leader any leader needs to do in an organization is live somewhat in the future is see where things are going and work backwards from there so the organization is prepared that organization a country or a company. That is what we are doing. Even Vox media right now. We are trying to think about what all this is gonNA mean for business and trying to work backwards to how we need to prepare. Donald trump is a very present focused person and he runs a very present focused administration. And what is happening? Right now is that they are feeling the pain of social distancing and it is real pain the unemployment filings the GDP projections. It is real pain. Suffering it is a horror what he is not able to feel yet and so he's not truly responding to is the kind of economic social political and human pain of this disease flying out of control of what it will mean if you can't go deliver a baby or get treated for heart condition because you're stepping over bodies in the hospital infectious bodies of what it will mean if we have a national shortage of nurses doctors respiratory therapists etc that. He is responding to the political pressure on him now and the things that he can feel now the pain we are causing now. As opposed to the pain we are trying to prevent and if every epidemiologist and public health expert and frankly even just what we're seeing in other countries is right. The pain we're trying to prevent is a lot worse now. We can't ignore the pain we would cause on the way. We need more stimulus. We need economic support. We need to have the political imagination and will ambition to make this possible. We are not going to get out of this without real economic damage. Either way that is built in but we could get out of it with a lot of humanity A lot of social support we could also if we had anywhere near the kind of imagination required for crisis like this we could get out of it with a better structure for our economy altogether right. It could be that out of this. People GET GUARANTEED PAID. Leave as every other industrialized country has guaranteed health care. I mean you could imagine using this as a moment to say. Oh we are so interdependent that we can't just have solidarity in the moments of crisis we need to have it all the time. It's not that it would stop people from losing their jobs. It's not that stimulus or basic income. Payments are going to stop them from hurting. We're not gonNA stop the hurt here but we can do a lot to build better structures to protect people from it now and in the future As we're thank you and We'll be in touch. 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House to vote on $3 trillion Covid aid package
"The House is expected to debate and vote today on a massive new corona virus. Relief package proposed by Democrats. But Fox's Kevin Court reports. It's running up against opposition speaker. Nancy Pelosi expecting the house to pass the Democrats Massive Corona Virus Relief Bill even as she and her leadership team or still working to secure the votes house. Republicans overwhelmingly said they oppose the nearly three trillion dollar measure and no surprise. The trump administration opposes that proposal by Nancy. Pelosi the majority leader Mitch. Mcconnell in the Senate says he's working with the White House on an effort to create a separate stimulus package policies. She's expected to do some negotiating on her proposal with the White House.
Monitor Show 00:00 07-28-2020 00:00
"If trying to figure out the future of your business is keeping you up at night. Are you seeing it? Come back at all? At least you have company? What do you make of the most recent virus headlines How should Labor respond hyping to get political pressure experts information breaking news all day all night everywhere. Do you expect the euro to continue to strengthen? Why even have this hearing Bloomberg Radio? The Bloomberg Business Happened Bloombergradio DOT COM Bloomberg. The world is listening. Deems to be in motion the macro, clearly being driven by the coronavirus outbreak, but here will it also mean a global recession? The narrative is driven by uncertainty at your own solid ground, looking forward to guiding you through all of this Bloomberg. Radio, the Bloomberg business APP and Bloombergradio Dot Com Bloomberg the world is listening from the financial capital of the world twenty four hours a day Bloomberg dot com on the Bloomberg business APP and Bloombergradio. Is Bloomberg radio. This is Bloomberg daybreak. piddly our top stories this morning Republicans unveil a trillion dollar aid package to bolster the US economy proposes more direct payments to people and liability protection for businesses. Precious metals a shot at the cost of the US dollar while equity markets remain muted investors away. Speculation that federal remain dovish longer. Country in crisis as Lebanon has its.
Weekly Update --- Is The Draft Coming Back?
"Hello everybody thank you for tuning into the weekly. Report is the draft coming back during recent increase. US Iran confrontation so many people viewed selective service website to find out about the draft that the website crashed. Most people were right to be concerned about a return of the draft with the ongoing military conflicts in Iraq and Afghanistan. Unlikely to anytime soon and possibility of the US being neo-con into war with Iran and possibly even Russia China. The demand for troops is likely likely to rise at the same time. Soldiers return home with lifelong medical problems including psychological problem causing being a horrifying number of veterans to commit suicide. All this can be make it more difficult for the military to attract recruits and it can leave a congress unwilling to pursue non-intervention with a choice increase spending on troops pay and benefits or bring back the draft. Aft a Congress facing in over twenty five. Trillion dollar debt may reinstate the draft instead of further increasing spending on the troops. Any further draft will probably include women. Thanks to judges. Politicians and feminists who think women should have the so-called opportunity to be forced to join the military. A military draft violates the principles individuals have inalienable rights that no government should violate a draft also puts all our rights at risk if we accept that the government has the legitimate authority to force individuals to fight. Kill in dial war. Then how can we argue that. The government cannot force citizens to pay high taxes. Purchase health insurance or submit to say screenings meanings. How can we argue against the government forbidding people for smoking marijuana owning assault weapon many traditional additional conservatives including Ronald Reagan opposed the draft pointing to its threat to individual rights some anti-war individuals have endorsed endorsed the draft on the theory. That draft makes polticians less likely to support war but the draft did not stop politicians from supporting unnecessary war like World War One the Korean War and the Vietnam War while the draft helped galvanize opposition to the Vietnam War. It took almost a decade of American casualties for opposition to reach critical mass. More importantly the draft violates the non nonaggression principle which is the moral heart of libertarianism. Advocating use of force to advance even as noble. A goal as peace is in itself immoral and sets back the cause of liberty some antiwar progressives oppose a military draft but support forcing young people to participate in National Service Program some conservatives joined these progresses to say that national service is a way. Eh for young people to pay back government for the privilege of living in a free society as our rights and liberties are gifts from government. Mandatory National Service will likely gain support when the next market meltdown occurs as it would serve as a jobs program for young young people. All those who support liberty must be prepared to fight any attempt to reinstate the military draft or to mandate any other type of national service. We must mobilize as many people as possible to tell the politicians in is unacceptable for the US government to enslave people in in the military or otherwise. We must also support those who engage in civil disobedience as Ronald Reagan stated that draft rests on the assumption that your kids to the state that assumption isn't a new one. The Nazi's thought it was a great idea. Thanks for listening comebacks in.
BREAKING NEWS: Global Wellness Economy Value Increased to $4.5 Trillion #684
"Today the value of the global wellness economy has just been increased from four point two to four point five tree billion dollars to greetings from the global wellness summit here specific growth in any specific areas. Rather what they've done is they've re Redefined a category which used to be fitness mind body to now be physically in Singapore and today they have just announced an update to the global wellness economy gone from four point two to four point five trillion dollars but that's not necessarily on the back of the TV so they've basically expanded the scope of what is included in that physical activity bubble and so that's gone from five hundred ninety five back in two thousand seventeen report poured out an economy monitor global wellness economy monitor exactly sure what they call it to be honest but it's all about the physical activity segment that is now being redefined reclassified up to eight hundred twenty inside the Delta between those is now the effective increase from four point two to four point five trillion dollars so there's a new route in street food which will be a not really Mike Opportunity on us but I'll do it about I'll be back again tomorrow it and expanded it is available on the global wellness institute's website so go and check that out I'll put a link to it in the comments below you can download it and then you can find out about this point five not to pull four point five trillion dollar industry already that is if today I do thank you for your time we're about to head out to the hocus stole or something for.
Apple Vs. Epic Games Update - TRO Granted for Unreal Engine, Denied for Fortnite
"After an interesting zoom hearing yesterday, it's time for an update on the Apple EPA Games lawsuit I'm at dreams of the East sports minute presented by sports network. There's nothing like seeing too high powered lawyers represent a billion dollar company, a trillion dollar company getting muted on Zoom by a judge. It was pretty beautiful quick bullet points to the people who missed the previous episodes on this lawsuit for night I undercut apple and Google's prices for books on the APP store and Google play respectively a response apple and then later Google pulled fortnight from the APP store and Google play EPA Games then sued both companies and released in Nineteen eighty-four parody ad targeting apple then apple decide to come for epic's unreal engine and that's what led to the hearing Monday afternoon judge Yvonne Gonzalez Rogers henceforth known as wide Gr growed the lawyers from both companies. The hearing was brought forth by epic games as they saw a temporary restraining order preventing apple for removing epochs developers certification. Developer certification is basically a set of tools that helps developers using unreal engine. Make their games work for IPHONES THE UNREAL engine for people unfamiliar with it is one of the two major engines that video games are built on the vast majority of games be they for PC or mobile or even for many of Hollywood's effect studios are built on your of the unreal engine or the unity engine. In the N. judge why Gr decided to grant temporary restraining order when it came to the unreal engine, but it denied it when it came to fortnight's place on the APP store, there's a lot that went down in this hearing include linked to an eastward observer article a tweet threat by journalists Sarah Young. They're good reads if you're interested in learning more about this lawsuit and how this hearing took place also Weiji are through a tunnel shade and it's just really fun read. I'll highlight one specific quote from a judge which is going to pose a problem for epic. The judge mentioned how epic could simply remove the Hawks which undercut the APP stores prices causing epic daybreak terms of service and leading to his whole affair epic is clearly not willing to do that but that's the danger when entering the lawsuit were you already aggressing party? The next hearing is set for September eighteenth. So I'll be back then if not sooner for another update on this lawsuit in the meantime, come back tomorrow for the biggest story of the day in just a few minutes.
Should we register to Amazon.com or Amazon Australia?
"Question I have is from Yanti while should we aggregate Amazon dot com on a strategy aside up demos dry? Can we throw to Amazon dot com? I would sell this is a great question. Should I sell the bus Amazon? USO Emma's, all strata. The question is wisdom ach the market clearly right now is in the US, and it is huge. It is messy Amazonas now become a trillion dollar company. The second company to do that apple and the other thing to mention is that it's gotten massive massive traction. So you can sell your products like crisis there. I'm selling lots of products every single night on Amazon, however, in a stray Leah it's gonna grow and grow and grow, so you can get a foothold rim of the gold on the ground. So if you start selling product and you're the first to get reviews, you'll get ball newbie, the top of the categories means you get more and more so Amazon, startling in both founded parks can US Embry into a strategy Aaron's Bill, you will fund doesn't move very, very quickly. Will. But you will form a defensive thing nothing of causal with a around it. And you know, shocks with laser beams and paper with flaming arrows. That's what you're gonna have a year from now, if you start selling now getting your product out there and getting reviews because you will full Matt strong own. If you try and get he lighted with the same product, but someone else big into the bunch that they have the positioning, the guys, we'd the longevity of selling product in having reviews that would be my answer.
"Everyone was too bright, eyed and too eager, and the we chanted. We work. We changed, and we work we work, and then we hit a gong. Not that long ago, Adam, Newman was one of the most successful startup founders in the world. He was a visionary leader who said he was going to overturn a trillion dollar industry. We work really strive to help you as much as we can. Focus on doing what you love three eight, your life's work. Let us figure of the rest. Venture capitalists were falling all over themselves to invest in his company. Work has revolutionized leasing of office space and billion dollars invest in this company. It's the second largest venture capital investment of all time. He ran the most valuable startup in America and he pitched that he was going to revolutionize your work life. It sells fun I. Mean it sells excitement. You don't even have to go out to a bar club. We will bring that all to your office space where you sit and do work. The Bar is now at your desk so when you first walked like dude. This place is awesome like what is going on, but as Adam raised more and more money. Things started to get strange. If. Adam was coming down the hall. It's like every executives, but hold titans like everybody just got really like ooh Oh my God. He started saying things like he wanted to live forever. Be The president of the world. We work with nothing without Newman right? No, it wasn't investing in. We work. They're investing in Adam Newman. We Fall in love with these personalities, and the emperor wears no clothes. And in the span of just a few weeks, everything changed office based startup we work has officially postponed a plan to go public works having trouble finding investor demand at one third of the forty seven billion dollar price tag that the real concern is out of Newman. The CEO everything is on him. His performance will determine this. What went wrong? We'll take you inside the company with interviews from people who helped build we work and exclusive tapes of internal meetings. Adam talks to his employees in ways he'd never speak in public. To look back and say I could have done more could have been bigger. Better that's not acceptable. You do not get a chance like this again. None of us do. This is a new podcast from Bloomberg. Technology called foundering. This season will tell you the story of we were. Accompanied that captured the start up boom of the twenty tens, and also may be remembered as he spectacular bust that marked the end of an era. We'll take you into headquarters and inside the mind of the man at the center of it, all Adam Newman. Why he built. We work the way he did. What happened to the company and what might happen next? Think about the long term. Consequences of what this coronavirus is done. Curious what this means for we work now we work is known for crowding people together and one shared workspace. CHECK US out foundering a new show from Bloomberg technology subscribe on Apple spotify or wherever you get your podcasts.
Millions File for Unemployment Amid Coronavirus Layoffs
"It's happening wherever cupcakes. Are being frosted songs are being recorded and engines are being tuned. Adp is designing a better way to work with industry leading. Hr talent time benefits and payroll more companies rely on ADP and any other HR partner from small business to global enterprise. See how ADP can help you. And your people achieve what you're working for him at designed ADP DOT com eight p always designing for people. Here's your midday brief for Thursday march twenty. Sixth I'm Charlie Whelan for the Wall Street Journal. Nearly three point three million. Us workers apply for unemployment benefits last week nearly five times. The previous high numerous businesses have announced layoffs in response to the corona virus pandemic and several state and local authorities have ordered non-essential businesses to close until this month. Us employers had added jobs for a record one hundred thirteen straight months and despite the dire numbers US stock markets rose in early trading after the Senate approved a two trillion dollar stimulus bill. The House is expected to vote on the package tomorrow. And the renowned more than four hundred and eighty thousand confirmed corona virus infections worldwide. Let's nearly double the amount reported a week ago. More than twenty. Two thousand people have died more than double last week. About a of the people who contracted the virus have now recovered. We have more details on these stories and other news of the day at wsj.com and the WSJ APP.
Material 239: Trillion-Dollar Company
"The good morning afternoon or evening. Please delete as appropriate. Hello there welcome to this episode. Two three nine of the material podcast with your hosts of which I am one and I am Andy and not go in the other one is flora. That's me so how you doing doing this week. Well I'm tired very tired. You know I really St- Remember now what it's like to live life off a very little sleep. I haven't even had the baby yet and I'm talking this way by the way And I just yesterday. Yesterday I had managed to get a full night's sleep beforehand miraculously but last night because I did a thing last night which was by the way like the first thing I've done in weeks so it was much warranted needed thing to do because I didn't go to sleep I. I didn't try to go to sleep until midnight and then I just laid in bed staring at the ceiling until three am. I woke up in a very bad mood. Today it was very It was not good. God knows very tired but I wanted to thank everyone for bearing with us these last couple of months. Actually because I know we've kind of been they are publishing. Time has been a little fluctuating between the usual Thursday to Friday. And I know it's been kinda up in the air and also I just WANNA thank everybody for kind of all over listeners. For sticking with us because I have been fluctuating a lot. Just because of what is happening to my body present time and I wanNA thank our editor. Jim Who's been incredibly flexible about editing and just understanding ending the chaotic nature. That is being a pregnant person. There I have no. It's it's it's really frustrating to not have any control over your body it's it. It is very frustrating. They don't talk about this enough also. Which is why I want to bring it up on our podcast because I want to put it out into the world like nobody talks about? How difficult pregnancy is on a body? I mean we kind of do you but even the little subtlest ways. It's it's a lot of work It's you know yesterday. It was very very cold yesterday and I was outside without a heat without a a jacket because I literally have a perpetual heater inside of me and I'm just too hot to sit anywhere. I'm sorry now there's GonNa turn into flow complaints about no no you. You have ample ample reason. Listen to tend to note the things that that things can be quite difficult Now this this might be an ignorant question but it it does fit into like certain android and Google based products does like Google fit. Does your status for the day does the amount of steps and the heart rate of the baby contribute towards your daily total. So is that taking some of the burden off of you. Unfortunately not and they're kicking me a lot so there's clearly some activity going on in their some step activity haven't been able to move much just tired to chat like. Oh Yeah I should. Yeah I don't WanNa turn this into a pregnancy. No no no. That's that's personally I don't I I will before moving on. I only note that like you are If this is a if we could say that material podcast cove is a three person enterprise between you myself in gem the fact that one if one third of the entire workforce is is pregnant and we have the ability to simply adjust sir adjust to one third of the workforce schedule. What is the excuse for for all of the other like tech industries that make it so hard to accommodate a pregnant staffer? Thank you andy. That out I absolutely absolutely agree with that and I have the privilege I mean after this baby is out I get to essentially choose my own schedule and choose my own adventure. Kind of going from here Granted I don't have the benefits of a physician by IT'S A. It's a very interesting and basically you're going to. You're going to hear a lot about this for me this year. Because I'm already as I was telling Andy before we started recording. I've already got like a long list of essays and things that I want to write just about like this whole experience and also related to just like the technology and I mean just it's it's quite it's quite an idea maker so to speak Especially because now I'm GonNa be navigating advocating this new world of baby gadgets which wo lake. Well well I I had. I had a little adventure the other day and I'm using that word circus I kind of saw. I saw it on twitter yet. Please else about eight okay. So by the way just I was so so call for an Uber. The UBER arrives promptly. I'm waiting outside for the Uber over. Everything's going smoothly so far but I get into the car and Now this part of this has nothing to do with android right okay. This is just the way of the world for some reason and this has never happened before. The Uber Uber driver. APP has some sort of a security Freddie feature where the driver cannot proceed until the passenger provides that person with the a special four digit code. That is only visible on the passengers. Copy of the UBER APP. So just to make sure that the person's getting into the right ride so the person so the drivers not GonNa get the directions not gonna get anything anything like that now now as I so The other problem which again is nothing to do with android and also nothing thing that I would. I will ever complain about it just something to happen. The driver did not speak English. So I knew was that he was showing me like his APP with a keypad on it and he was trying to indicate the complex gesture that There is a number on your Uber App. That you we need to give me that. I can key into their but I all I know is that he's gesturing in trying to doing his best to explain. And I I'm not understanding ending. Meanwhile I don't know why my I don't know why the the android phone in my hand is making all these assaying and to use the voice over feature discredited that Papa Papa Papa Ball. I don't know what we're this word is coming from. Meanwhile I'm trying to figure out why like this. Keypad is appearing before me and then like trying to get this thing to shut up up but it won't show but but the APP won't shut up because what happened was that I guess that as as I did not know before there's a shortcut for turning on on the talkback accessibility feature that. If you hold down both of the volume buttons for too long and amount of time while I was like picked up my phone I must have like held down to those those buttons it puts you into accessibility mode and because it was the first time I used that mode. It was walking me through a train. Like a like a five page. Here's here's how here's how to do it. And the other problem was that I'm now inaccessibility mode which means that the buttons that I would press to proceed Z.. To the next thing or say please shut up. I'm trying to focus on what this nice gentleman is trying to tell me Was I no longer knew how to scroll. I no longer longer knew how to press buttons. Okay so now have this phone in my hand. That is making all kinds of noise. That's distracting me. Also I need to get into the UBER APP in order to get get this four digit number and I can't I can't even go. I figured that I figured out that I must have accidentally triggered accessibility. I'll have to do is is just go into settings and turn that off but once again I don't know how to press buttons and I don't know how to scroll when I get into settings and it can't and end so I decided to restart the it was. I felt unloved by God at that moment. You know that's never happened to so you were not so much of. It is a form of self pity but it's likely on loved my God. It's like at some point. I I him and I am an imperfect vessel for the perfection of the universe. I make mistakes often through ignorance. Hopefully not through any malice. But how would I ever no not being able to judge the own actions that perhaps God decided that a corrective action was necessary much as you would withhold a treat from a dog that had piddled on the court on the carpet just to communicate that I know we don't speak a language that we each understand dog and human but I need to shoot a feel that something is is wrong in our relationship and I want you to use it as an excuse to evaluate what you've been that's so yes. I felt unloved by God. I finally figured out that I finally figured out how to get through. This finally said we were just idling there for it felt like an hour it was probably just like five minutes but you. We know that there are two people in this car. One of these people is responsible for us not being able to move forward and was definitely me and that's never a good feeling so I'm glad I'm glad that excess talkback exists. I'm glad that accessibility features exist. I just wish that of holding your phone. Too tightly would not result in my suddenly being eight eight years old and being handled being handed a device. I've never used before having to figure out how it works. That's all no I completely understand. I mean this has happened to me multiple times. This has happened to me when I've been behind the wheel like I'm driving. And then for some reason something happened With android auto or whatever it was and it turned into talk back. Or maybe it's just that the UI buzzed out. And and I exited out of something and now I'm like Oh crap I'm driving but also my phone is in the which by the way is is bad and please don't write a scolding me because I know already about all this and I don't have a fancy infotainment system in my car okay. I only have my smartphone right now. I but I do think it's worth noting that the stuff exists in has to be that way because because the folks who rely on the accessibility features I mean they. They need that prompts to just like help them no instinctually what's happening and yes. It happens at the wrong time all the time but you know what at least at least it works right and and by the way if anybody's curious about some of the accessibility features that are a part of a android ten. I wrote an article at life. Hacker a couple of months ago if you just Google android ten accessibility features Florence. I on you could probably find my article somewhere. I could probably link it in the show notes or something but anyway well some of those features since I wrote that article have actually come out for older pixel phones so it just goes was to show how much Google pays attention to its Accessibility needs its its user base. Is that really relies on that. But yes it is the worst. What happens when you are just trying to go somewhere her? I'm sorry that happened Andy. But but it's also a hilarious story with it actually. Is this so the one way of describing is I feel unloved by God the other way of describing it is that it's like there's there's a comedy channel on on God's cable system occasionally. You are the star of the Sitcom that God is watching at the moment. You don't know at this not scheduled but you just find yourself that you find yourself chasing an entire tire like bag of grocery apples down two flights of stairs because it's your day to be Jerry Lewis funny before he guts introspects Rice so for it right And by the way God's streaming network also runs on the NBC Ad Network just in Case Abe was wondering there are ads in heaven. Understood that for the really good bit in for for the friends package but they got out even God cannot compete either. God cannot with modern. Modern media conglomerates approach approach to Liver speaking of speaking more money. Speaking of God speaking more money than God I never know how to react when this becomes a news story at the. That's why didn't sorta like in the regular lead. I'm like okay cool that it's like finding out. A friend has is likes cashed out their stock and is like bought a really nice car like well. No because this is so google hit a one trillion dollar valuation. It's like who news overthrow success but see the differences that like if if you're a good person and I hopefully a good person like if if if a friend of mine said as as my investments and my my work and my stock has been performing like what my financial advisers thought it was gonNA GONNA be and it turns out that I can retire like now instead of fifteen years now I would be nothing but happy for them because they're real people. You're happy if you're friends with Google. Okay yea they are so now you now you can. And now the thumb that is like press down or the the boot that is pressed on the neck of the proletariat is now like one of those really nice Ferragamo pumps like with the with the dia- meals nor the real diamonds and unlike the gold. Leaf thank you know having a better. I'm not I'm I don't think it's a bad thing for them. It's just it's it's like when a stock a stock. The price hits a certain high. There's no context to say that this is a really really good thing. If anything this is part of the conversation of we are having thing it's you we're we're we're at that that part of our sociological awareness to wonder. If is it a good idea that there are a handful companies that are approaching a trillion dollars and is that having an effect on the ability of any person who has managed to scrape up sixty thousand one dollars worth of funding to take off of work and pursue their own business to actually grab a foothold in any industry. Should we be worried about that. I just I just want to quickly interject and say Andy One of the reasons that I love you and love doing this podcast with us because you understand the appeal of Ferragamo pump. So I just really wonder appreciate that first of all. I I if I if I were if I were more elevated. I would say you know those awesome really really cute shoes. I don't care if they're made for women. If they can make them to size ten I would wear them proudly art. Okay so I not that I would wear like choose news like that every single day. A practical exactly but there are some days. Where like I've got the I l like? This is a landmark sort of epic epoch epoch. In my life in that I used to have like one pair of sneakers one pair of shoes. I would only wear like weddings funerals and not not now all that I am pro mostly because now I'm I am in my fifties and I my feelings of how I want to present myself and how liked to feel when I get dressed and go out in the world is that I can no longer be one of those people in like a ten year old woman. T shirt that's too small and a audible and a Denver at home everywhere. I just actually. That's a good point. It's a combination two things where now I think. Let's the society gives men a certain number of decades to prove that like they know how to dress like an adult. And you can you can interpret Britt dressing like an adult however works for you but you have to prove that okay. Yes yes yes. He's wearing a t shirt and a pair of jeans but he understands how to wear a t shirt and a pair of jeans jeans in a way that makes you look like you took an effort. There are very good dresser and do you for was not just the that Pashmina you're wearing the other day was fantastic to Colorado. And I know that we weren't talking about this to begin with but I just I just have to put that again on the record because I do appreciate appreciate the cultural cultural knowledge of I bought myself a lovely scarf two days before Christmas Eve because I was in a store buying a gift for my for my goddaughter And it was just a big lovely warm scarf and I have. I had one. That was not quite like it but in the same vein that I love to death war for like eight years and I lost that like two years ago. Yeah I know and the thing is I don't know how to Google is brought back to Google. I don't know how to Google I. It was like read the had kind of like Dang Lee fringe on the ends of it. I think it was will. Maybe was like wool and silk and looked like a tapestry but it wasn't embroidered I have the ability to say I mean. Fortunately there there are Read it separates that are really useful for this where there is actually a separate called. What is this thing I think is extra calls you put up you? Can it can be sometimes. It's I was my my by my great aunt passed away. We were clearing out to her house and this was centred desk and I have no idea what it is is by my. My mother thinks that had something to do with when she worked for Raytheon and someone will say Oh. Well that's actually the top part of the used. It'd be a pressure vessel that was made about in the nineteen sixties that few if I bet she was a chemist because and and they will give you this is the top part of this very esoteric thing and so I probably could have a picture of myself in this old thing anyway but what what what I'm getting at is that I have now have three or four pairs of shoes that I and one pair that actually. I'm wearing right now because there is comfortable slippers. But yes if I if I were more evolved human being I would probably be saying you know what I'm going to have a pair of like ferragamo pumps or really really cute shoes like that. But I wish I would wear maybe twice a year but the two times a year where I would be. We've really happy to wear it. So that's that's onsite. See the Google. But here's the thing we're going to get back because you had mentioned earlier air about like I googled that we're gonNA actually get back to that particular that little statement and how much permeates our daily lives saves in the next act in the second act in the second act we have ally. We have a lot of stuff. We're getting through today but the umbrella. Br Ella category is just everyone. Think about the fact that Google trillion dollar company okay. Yes that's that's what we want to settle everybody into pretend andy and I are dressed in their finest. We're not. We're very comfortable right now. God bless US soft. And it's and and I want you to also recognize that it's it is like winter in New England so there's a lot of flannel a lot of like soft cozy. You comfortable clothing. Let's see then I will say that's the other reason why I'd probably give the wrong impression through instagram. When people say oh how he just so he's just going to like W. G. B. to like record like a radio thing and no one's going to say you but you are tie and a shirt that actually buttons and you've read the top button you don't have a I in late in life? I realized that as possible to buy shirts that actually fit you. And if you if if you feel like the Necktie is choking choking you that means that the next size is too small so once you buy a shirt that has the right next is and also I do spend like the the. This is the Thursday. This is like a office day. meaning that if I leave the house for any reason it will speed maybe go across the street to pick up a sub that I ordered And so For most of today I slept in this lovely cozy sweatshirt I have on beautiful like flannel. Pajama bottoms on the bottom and thick thick socks And I wearing. I'm wearing shoes only because the floor is a little bit cold so that that is and so. It's nice when I do go out and I know that I'm going to be with the humans that may be it's like it's kind of fun to actually be really dressed so I'm just breaking in my nursing clothing suspect us just and I have a perpetual heater space heater attached to me. So if you see me outside I am wearing significantly less then. Everybody else is because it's wintertime in California which means is in the low fifties which for us is like winter. So and I'm out there like Luella Floppies man. It's really hot out here. I've actually been freezing out my husband because I've been turning the heat down really low also because I'm trying and save some money because apparently babies needs to be in a perpetual seventy three degree heat like heated room and sound like. Oh my God it's going to be so much money anyway. A quick gimpy gimpy Bush update last week. We were number two and three and this week. I feel like the fact that we keep mentioning it somehow puts us into the search engine like okay so we can begin begin beginning. We're just GONNA keep saying it. Maybe it'll help our numbers next week right now. We're number one. We're number one one top five pop. Most we're top five and in three places for that I again just want to remind everybody. A lot of stuff has been going on Australia. We talk a lot about Australia on in here. Because one of our former CO hosts is a is Australian. Is Living Australia and we think about him. Russell slowly hope you're safe and okay and doing fine You know everyone just think of Australia. There's a lot of stuff going on right now in the world outside of Our little bubbles and the gimpy gimpy Bush hopefully will remain around to torture humanity for what we've done to the climate to critical. No that's the way I think about it. Okay Hey shall we take a break. More nihilistic speaking of money for to raise the raise the Porsche waddling child force waddling medium Liam Child so I could pay for this heat. We'll be back after this. This episode material is brought to you by Leonod whether you're working on personal personal project or managing your Andrew Prices Infrastructure La- note has the pricing support and scale. You need to take your project to the next level. They have eleven data centers worldwide including their new status center in Sydney Australia and with their enterprise grade hardware S. three compatible storage option and their next generation network Leno delivers the performance. It's US expect at a surprisingly good price get started on the note today with a twenty dollar credit for listeners of this show and you'll get access to native of SSD storage a forty gigabit network and industry leading processors nanotech plan starting as low as five dollars dedicated CPU plans with physical physical cores reserved just for you and one Click installs the most popular APPs including wordpress how that could have helped me lamp stack and game servers for mine craft and more so go to dot com slash material and use Promo Code Material Twenty Twenty when greeting a new note account and get twenty dollars credits. It's towards your next project. Oh and by the way Lou notice hiring right now. So that's something that interests you go no com slash careers to find out more though you're l. for that twenty dollars. Credit warmer time is the no dot com slash material and the Promo Code is material. Twenty twenty are things slow known for their support of the show and olive relay FM. Andy I appreciate that in the notes I think this was a Typo but when I read it I read it out loud to my husband is tech current yes that's a C H C H H. Yeah of it is just like a tech crunch swell up with all the links that I put in there like I felt as opening needed. The Red squiggly line underneath something to offset all the blue underline ends up aesthetic thing. I know how to Tech Rush of course which I'm going to link you all I I know I know you know how it's okay. I'm not judging. I appreciate it for me. It adds a little bit of. Don't don't correct it. I see the cursor. Okay if anything I'm highlighting it see there you go. Clicking slicked word highlight color. Let's see Google wave because of that technology. We are now able to see real time results in Google Docs And I will link you to everything. We're about to talk about so I you know what this is a great segue does HMO blink tag work inside Google talks. Let's let's make art my shame into a rainbow banner to fly everywhere speaking remo banner again another thing that we're gonNA be talking about soon Getting into the story so this is of off of a story on tech crunch but it's available everywhere so google made a a change to how identifies ads within search results. And the word change doesn't seem doesn't seem sufficient because what they've done is make. Ads Look almost exactly like legitimate search results. They did so they made one change for legitimate search results. That is maybe kind of positive in that. Now like the the the see. The ad they incorporate the Farrakhan of the web of the webpage Inside like that line that has like the actual content. So if you if the New York Times link you'll see little Fabricano from New York Times or For for For whatever cited as and so now rather than putting like the word advertisement heisman a big box or changing the color. All you see is that there is a fabric a fabric con side square that simply says add and which has has two problems it not only does it make the ads look like legitimate search results it also makes legitimate search results looked like ads and when I when I was looking at this a few days ago I was doing so many searches to try. To make that Ad Farrakhan and pop up and it's not popping up which makes me wonder if do I have something to do. One of the extensions. I've put into chrome to reduce my like marketing. Load the disabled these ads or D- do I truly no longer have the ability to see which of these results. This is an inserted ad in. which isn't 'cause I was by the end of the test I was doing things like I how I am I I have no credit history and I'm really gullible and really stupid with money and I'm really eager to buy a car without thinking much of it. How what are the search results on that clearly? Clearly that's going to surface like three pages of ads and I I can't make it pop up and that gets me worried. Even if I were seeing that little ad five gone I would still be thinking that is way too subtle. I saw this popping up on twitter and at first I was like y'all are complaining about nothing but then I started to see the screen shots. Come out and it is. It's a very subtle thing but I think it's really interesting thing when we think about Google. I mean Gould does a lot of work in its design paradigm and this Particular Design Paradigm is night user friendly. It's AD friendly because it gets you to click on the wrong thing and granted even if you are looking for so the example is featured in the tech crunch tech crunch article is search for Kayak which is The site where you can search for trout flights and in hotels and things of that nature. So you type. In Kayak the first thing is an ad for the Kayak search engine and then after that is the actual link to take you to Kayak Dot Com. But it doesn't so both links will take you to the same place it'll take you the same it'll take you to the result that you were looking for you queried for Kayak you have two links but which link you actually use to follow through significantly changes. So it's it's a choose your own adventure essentially in the search engine right because one of them has all these trackers after it so the ad one is going to take you over. Google's rules GonNa like get a bunch of money in the bank Whatever it's going to ping back to kayaks GonNa know that you found it through Google? It's GonNa be like Oh great pool blah clicks on Google ads willingly. We're GONNA target the hell out of this person and by the way. Sometimes I do click on Google ads willingly because yeah I was looking for that. I guess I'll just click it and like here. You go guys. Here's some money or whatever but they're still making money though if you're clicking on the second Kayak Klink I just don't. I wish we had access to that information to know. Like what what the actual technical differences between cooking one or the other. I think it might boil down to just breaking down with those trackers are and defining each of them and seeing what they do. Because I'm very curious. Slake the choose your what. What are you doing to your life when you choose one link over the other and now you might not have a choice because if you're moving too darn fast you're just going to end up clicking on whatever comes up first because you gotta you gotta go? You have five minutes to grab that classified line information off the computer. You're just you're like get something done and you just you really do feel minus when you feel as though you're you're you're tricked into clicking an ad that you would not have ordinarily clicked Like the this is actually. This is actually such a known problem. Problem that in user interface design lingo. It's known as dark pattern design where you are intentionally crafting your interface to to trick a user into clicking something that they would not otherwise wanting to click on to this legacies to like when you turn the page and it's like you have to read for the little adversarial little. Yeah or like or their times were I if you you hit a website and get that pop up. That says That that says a do we'd like to subscribe to a newsletter for ten percent often blah blah blah blah blah and. And you think that the and the wording is such that there's a button that says dismiss and one that says like okay and dismiss is actually dismiss actually means that you have to read the text carefully to realize that they're adding you to the subscription list and and dismiss is only going to close the window as opposed to deny giving you the option of saying. Oh I didn't click on okay so dismissed me and it's like you really have to sit back and Descru- really as it's like when it's for some for some reason the the the sort of crimes that offend me almost it's as much as like the major major crimes are like I I I I had A. I had a little like sheep. Like dollar store like liked little no garden gnome. Sort of thing that was I never knew what to do with it. in inside when I had the old house the new place I thought Oh wouldn't be fun to just like put it like on the front stoop and then of course anticipating what human beings are like in like black paint marker on the backs you can see it unless you picked it up. I know joke I wrote down. Really Dude come on put me back and like and so of course it got stolen. Fortunately ah the took like five or six months for it get stolen. But that's the sort of thing that's like almost annoys me like this is not gonNA. This is not like a valuable thing. It was just a cheap deep little charge key sorta thing it was but it was clearly there to decorate like the steps of this building. And it's like really dude like your life is so so like marginal that this is going to put this into the win column for the day for you the fact that you stole this. You stole this item. That clearly clearly was belonged to somebody else but was not. You have the option of like not doing the stupid cheap thing thing like if I if I left if five thousand dollars in cash outside okay there you go i. That's that's definitely on me if you have if you if if you did this really complicated hack to like a divert money into an account. I'M GONNA say Okay Naughty Naughty. You're definitely going to jail. Because that's that's a that's a felony but at least you put in some effort and you appreciate about like you know really. There's like there is A. There's there's the Napkin dispenser like at the Dunkin donuts. And you decided just reach in and grab all the Napkins and all the sugars and put them in your put them in your backpack. It's like really do. Do you know how little napkins cost that. This is why they give them away for free. That's how little they cause. Now you've denied an hour or two's worth of patrons access to Napkins. So that's that's what I feel like. When I see cheap things like this to trick me into clicking on an ad that I would not have clicked on otherwise and this is this is the reason why I put to use your example when I do see a search result says I've I really want to see I want to look up on Amazon. Like how how much this thing costs. And if searchers number one is an ad from Amazon that links to that product and the second thing is legitimate search result I will click on. Just just to be churlish. Just make sure that you send the message that I can't be controlled by the man. I will click on the nod advertising even though it sends me the same bright place. Yeah and that's why why. Why why does everything in human endeavor have to be some sort of challenge for dominance and supremacy that? If I don't get one over on you in some way shape or form I feel like you have stolen from me. It's I don't get it Our life is that a good segue into talking about the regulation of artificial intelligence because that was another little little news. Bit that was showing up alongside the Google is now a trillion dollar company headline. It was this was an interesting headline so Sundar ended up rich. I was talking to a pretzels based think tank and talking about the future regulations on limiting limiting on limiting the production of artificial intelligence products and the headline from the apis associated. Press was Google. CEO Calls for regulation of artificial intelligence but But Not really quite so much. She wasn't saying it sounds as though the EU is doing nothing to regulate one of our core businesses for the future. Sure and. I think that I'm looking forward to as much regulation. No he was of course trying to say that he he knew that the EU and others are recognizing the importance thousands of making sure that the artificial intelligence products that have limits on their power and their influence On what this like you The making making sure that People aren't denied health coverage because of a really really bad artificial intelligence algorithm preloaded with biases. None is telling an a an insurance company that this person is a bad risk of so he he had quote quote bike a quote. There is no question in my mind that artificial intelligence needs is to be regulated. The question is how best to approach this and so he's basically saying that I hope to influence whatever these laws are going to be so so that they don't they don't forestall US having a presence in China let's say Selling artificial intelligence software and products This was a harder to find was He actually contributed a byline piece in the Financial Times that went on the same day and a a couple of quotes. Here regulation can provide broad guidance while allowing for tailored implementation in different sectors for some uses such as regulated medical devices including putting a assisted. Heart monitors existing frameworks are good starting points. For newer areas such as self driving vehicles governments will need to establish appropriate new rules that consider all relevant costs and benefits schools role starts with recognized the need for principal and regulated Z.. Guys ladies I said regulated. I am not afraid of this this work together to applying. Ai That was an ad Lib there either insert. He didn't actually say. Hey there let ladies editorial thanks I put some put my own spin on it. It was a it was a again. It was an Improv was a I I decided to yes. End that statement but it doesn't end there. We want to be helpful and engaged partner to regulators. Oh meeting that high. Please don't pass any regulations until you spend a week on our yacht and allow us to give you some slides ads and a few like seamaster watches appropriate to your station in the government as they grapple with the inevitable. Tensions and trade offs. We offer our expertise expertise experience kickbacks free Wifi etc and tools again probably anyway and tools as as we navigate these issues together and it was a weird piece because Obviously it was. It was trying to send that message but most of it was just outlining outlining. How awesome they are and artificial intelligence? And what a great force for good not just artificial intelligences but how what Google is like. Hey we've just it does completed this wonderful medical trial and hey we're using artificial intelligence to do. It was really like a brochure for Google's officials. They it was it was mostly Affleck's and the rest of it was just a little parenthetical. Hey Eastern regulate us before we get a chance to teach you all about artificial intelligence and the reasons the areas that make us money. You see like the stuff that we don't make any money off of it but there's some money associated parts of ai that we very much like to continue to be able to do what the hell one they did. They also pointing out that because the to show the responsible of course we have google guidelines and that that those were released lead. Sorry two thousand eighteen. I think And for those of you who don't have not let newly learned the kindergarten. Rhyme rhyme be socially beneficial avoid creating reinforcing unfair bias be built and tested for safety be accountable. To People Incorporate privacy designed principals uphold the high standards of scientific excellence and be made available for uses. That accord with these principles. I think you'd call. aww Andy Thank you. Thank you for for call it for just diving in and doing all of the editorial side noting it definitely when I saw those headlines come into my Google newsfeed because that's how I got my news I actually started getting my news towards another APP as well which we'll talk about it another time but I definitely thought about that like okay we you have to bring it up. It's like bringing up the elephant in the room. It's like when you go to a party and you and a friend or it kind of fighting and but it's another friend's party but you just Kinda WanNa bring up the fact that you two are fighting to because you think it's going to tight over the room and just kind of get it out there but would it actually does is make people uncomfortable around you because you lay there like really are really doing this right now like okay thanks for that actually made it really uncomfortable. We would have been better off just ignoring it. It's maybe it's how I feel as a user but maybe that's not a good thing actually really now that I think about it. I do think that Andy brings up a good point. Where the fact that this is being done in the EU? And because this is being being done in Brussels where the US headquartered and Google was hit by that pretty darn big fine and we. We don't want Google to be hit by it will. Google doesn't want to be hit with more fines even though they have a trillion dollars You don't WanNA chip away at that trillion dollars by being fun and to be fair. If I had a trillion dollars I would park wherever the hell I want. Go ahead so my Carl by another y. The Way Steve Jobs did just that when he was alive Anybody discovery. I'm just curious. He apparently was very known for not giving a crap where he parked his car. He didn't even have license plates on his car because he didn't and he's like I can afford Lorde the parking tickets go ahead and just keep like anywhere else this oldest leash to myself and because there's a loophole that says that you have six months to lease to put plates on the least car. I will just keep releasing it to motivate myself every month. This is really a known thing by the way exactly. This is this is so that's surely surely a known thing. Steve the jobs thing anyway. I we're GONNA hear. Just wait until Google I o this spring this is going to be printed somewhere. You know you know like those live off. Love poster is what is what is the google equivalent of eat. Pray love Right bill analyze monetize a good one. Yeah it's going to be like that but in the farmhouse aesthetic right and you know tried giving them. Yeah Oh just that who was a stir taking bets that we're GONNA have a celebrity no not a Google Ao. That's that's not. It's not characteristic. That would be. I think that that would be a huge throw. PA actually if they brought celebrity But anyway this is hopefully I don't know here's a book that I think people should read as we're talking about a There's a book called Algorithms of pressure in. Its forget who who writes. I have to go but it's a really it's like the big Google it. It's a it's a really good article book just about like the way that search engines are formatted by people and I think it's just important to consider this sort of little press store that's being done in the EU fergal efforts and kind of go compare that to like what's really happening internally and let's just let's just keep watching it okay. Let's we're the watchdogs watchdogs. You know and as the users were also the watchdogs. So let's just keep watching it and making sure that you know that socially beneficial social part you know the being accountable to people being tested for safety. Let's make sure that that is including everybody not just the bottom line line of les mis- Some money. Yeah that that. That is a great book. by Dr Cecelia Noble came out came out in twenty the eighteen and I read it early. Twenty nine hundred. The subtitle of it is how search engines reinforce racism and this is the the the cover of it just tells the whole story just the auto complete why are black women so and all the auto completes are angry loud mean attractive lazy knowing confident. Sassy insecure cure And it's it's it's It shows us how important it is to make sure that these technologies that we are willfully awfully counting on and inserting as part of how society functions. We have to know how they work. And what what. It's teaching us without knowing that we are being taught as we're being in how we're being influenced without realizing that we are being influenced And it is a and just before we go onto the next adder next that it is an interesting time because as the there or they're going to be positives and negatives to every technology and right now we're really really finally focusing on a lot of the negatives that technology is flattering on our society particularly on on power of discourse But the reason why we have all these wonderful high of highly evolved technologies is because in the nineties. Predicting in the United States there was a very much a willful hands off regulatory policy where there was not just th they were simply ignored to the credit of and again I'm speaking only of the United States To the credit of lawmakers at the time they recognize that or there were compelled by good arguments that we don't know we don't have the ability to understand what the problems are going. We understand the problems of tainted beef and we know how we can pass. Regulations people save from tainted beef. We you do not understand this thing about And a standard for transmitting packets of information across to arbitrary computers across a widespread widespread network. We don't we barely able to enunciate that line that we were fed on this index card. So we are explicitly going to let you go wherever wherever you want to go with these technologies and now we see a need to start regulating these things and it is in this environment that we have the next groundbreaking new technology allergy artificial intelligence and the priest so not only are lawmakers now a lot more savvy about technology. They're also a lot more aware of what unfettered technology can do to society and how it can create nation state scale corporations. That are very very hard. Hard to control and regulate so the the the the question in my mind becomes there is obviously a need to make make sure that we don't create a new form of institutional racism and institutional bias because of artificial intelligence systems. But it's also important that we don't make it impossible people for a a medical trial to take place to say. What if we take a look at five hundred thousand case studies in which the family history of this disease and see what doc processing this data will tell us to? We'll what will point us to to say we now. We need to do clinical tests to look for markers in the real in the real space to do to make things payoff because if we were that hesitant about letting the web flourish we would still be subscribing to compuserve at twenty dollars hours per minute and And we would still be having companies like Sony of suing anybody for making a copy of anything anywhere aware. So there's there's a lot to navigate here there is which is why we always encourage you to to your own homework so we can talk about because this will be on the test next week right. Yeah Oh is open guys. We're not. We're not even going to pretend that. We can prevent you from googling things on your little beep boop send your your electric earrings. And whatever the hell it is that you kids are using the measure at time. This episode of material is brought to you by Booz Allen Modernizing for the the future is challenge especially for large organizations. You may need to integrate legacy systems with new technology meaning to incorporate a analytics to work more proficiently and make decisions and everyone needs new ways of thinking to move to. What's next weather for government or commercial goals Booz Allen understands? It's there helping some of the world's largest organisations modernize they understand the missions of government and industry and the need to adapt to constant change. They provide open for solutions. So clients can integrate innovation from anywhere whether from visionary startups or major contractors plus. They're helping clients power new technologies with analytics politics and because security is everyone's priority. They integrate their capabilities with intelligence grade. Cybersecurity with Booz Allen Integration means putting you in control control of innovation integrate innovate. Get it done with Booze Allen. Learn more at BOOZ ALLEN DOT com slash relay. That's BOOZ ALLEN DOT COM Sash relay we'd like to think booz-allen for their support of the show so this piece was in one zero medium zero Which is a publication that I sometimes I freelance for It was written by Jumana. Abu Goes Gaza and I hope I didn't butcher her name to match coach In the article is called Y Google gets away with so much. It's time to stop letting ourselves be the quote abandoned carcass unquote of our data. And and I was reading this kinda going through it again. I had initially right last week but again I haven't been sleeping so feels like it was months ago Then I tried reading it today. Just kind of over my lunch and there. She makes a really good point about the fact that because Google doesn't have a human face and because because Andy and I on this podcast often tell you to Google it or we tell you like you know. Why don't you just like googling is a verb like it's just becalm Tom? This part of our vernacular that we don't even think about it. And it's not even just in the English language it's a worldwide humanity wide phenomenon that the search engine has just become a it's become a staple of living akin to breathing and sleeping and I know that sounds like hyperbole disarm and they're like flow. You are taking this way too far but the case is made in. This article is the fact that a a lot of public facing tech companies. They put forward a person right so we have Amazon has those which is why we can make all these jokes about about like Basil's bucks and things like that. Sorry that's an internal in my house joke. A facebook has mark Zuckerberg so anything some anytime. MM something goes wrong. People are like Oh them sucker. He's just messing everything up Apple had Steve Jobs and now has him cookers. Some people refer to them as Tim Apple because of because even the fact that president trump which I hate to say out loud May set a thing about him like he. He used that to his advantage. And so those are all people that you associate with companies to come Google. You don't necessarily associate. Let's say sooner Pichai at this point. Right like Andy and I talk about it you know folks in the press and NPR. We talk about it because we live. This lived breathed this world but like if I bring pseudo try to To person WHO's not reading the tech call them every day you know so in their news feed. They might just be like wait. Who's that again you know? And even Larry Larry Page's Sergei brand like like. Yeah they were the faces of Google for so long before they stepped down but even still like Lsu were a wired magazine reading kind of like a techy person like you weren't really what you knew about. Google was the fact that this is a thing that you rely on to get information and And I just thought it was an interesting. I mean the headline why Google gets away with so much is because of the fact that like this has become a utility in our life if that were like well. Yeah they're doing all of this stuff but think about like what we're getting return versus facebook which is like yeah facebook's doing all of this stuff and it's kind of bad because it's just a social network unity mean versus like while Google's doing all this stuff but it's a search engine and because of that like I mean I even was thinking about this from my perspective how much I rely on this darn thing just to like. Find my job as a journalist. I mean it makes my job a lot faster. That's why am a that's why journalists are able to do the job as fast as we do now is because we have this giant index Sir of every every bit of information. That isn't behind. A you know freedom of Information Information Act Gate but we can get this information at the drop of a hat with it. It's it's an interesting interesting. Study in the psychology of Google. And why we let it get away with things like the James Damore a manifesto that was written or the fact that like Andy Rueben and do what's face we talked about last week. Sorry sorry I realize I should know his name but again pregnancy brain. I'm tired. Forgive me just go look at our episode last week The fact that they got they they made so much money in these companies but they did so many bad things to employees like. They made say unsafe work environment One of the most interesting subheads in the column is when you have no human face you have no human flaws and I think that it really relates to the conversation that we've been having in the last couple years about like corporations and distinguishing them as like they are not you know. Corporations aren't people pull but I think when we think about Google we love it all into one some and even sometimes like we do that on this podcast. We're we're like remember Google's not just what this one person it's it's like a whole bunch of people While we maybe need to start David Drummond by the way was his name. The Guy who still made up with like three hundred whenever close to a billion even though he didn't get out anyway It's a great article that you should read. I think it's just I think it's we're in the show notes. Give yourself some time to kind of go over it and think about what the author is saying you know about Ghoul and the role it plays in our lives and why why were kind of kind of like yeah. We'll google did that. But you know. It was a very interesting thought-provoking article I wasn't familiar with Jumana Abu Gal guzzlers work beforehand. She apparently she spent about twenty years in corporate communications before starting her own company company. That was focused on knows promoting empathy within work groups Interpersonal Dynamics within workers. I believe that it's a consulting firm that is hired by companies to look at. Here's here's how the dynamics of your workforce are is a beyond getting simple numbers productivity while Jerry. Looking at how well they're working together with the corporate environment is the workplace environment is And so she's obviously someone with a lot of a lot of great observations and it is something that I hadn't thought about before We talk a while ago about the difference between how One of the things that sets the Google assistant apart is that it does not have like a human name most significantly they decided I think one of the most positive things things about the choices that they did not decide to give it a female name. which in itself is one of those things where okay so you have an assistant that twenty four seven exists this at your Beck and call and only wakes up to do things that you ask of it? Do you see a problem with not having not having being the user being able to choose a gender for this assistant And the example. Those little things where we don't know how Simple choices in technology might be affecting How Society Works One thing that did I I find myself thinking a lot after it I I'm not sure that I one hundred percent agree with her argument because another way of looking at got it is again. That's why thought-provoking if I thought if I thought you were wrong or off base I'd say Oh God she's wrong or off but that's part of it's partly partly because I think it's healthier that we see our interface with Google is. There is no human interface with Google goal. We identify Google as a huge corporation. Not as Tim Cook. Who can make people forget about certain bad and or questionable policy decisions? She's he's been making because he has the ability to tweet out. Hey we have let support everybody on this day and Blah Blah Blah and. Hey wasn't it great that I was here saying hello to it's again. I don't think those are bad things but it. It's if there's one thing as a you as a very happy mostly apple users since Since I was in the teens my teens One of the biggest problems with apple is that a lot of its users think that they have a personal relationship friendship with operation and this is a cooperation. And they're going to do good things and bad things and you just like you kind of will let a good friend or of particularly well loved relative slide on certain things because I think okay you you know that was really borsch thing for them to say but you know this is. This is the same person who came to every one of my hockey games is the person that you know gave gave my cousin a place to stay when they got kicked out of their house. Like this is not apple apple to not do any of those things for you so when they have problems of their problematic relationships with large in countries that they want to do great business and you still have to hold them responsible for that so and I think I think that And also having a public face for facebook hasn't really helped facebook get away with anything I mean he is he is. CEO Kindly final kind of like on Silicon Valley. But it's kind of like Elon. Musk where it's like. Oh God would you. Why did Oh oh God? He's on a podcast. Oh No don't don't take a puff. Oh God he smoking the joint okay. What's okay you know? So it's but that I think that it's IT'S A. It's an evolutionary adaptation for these companies to try to get you to forget that they're a trillion dollar company with an immense vents amount of power. Not only the relative industries but in human lives and try to think of them as the fund the Fund CEO who is at the at the hockey game mm cheering on the local team. It's like that's nice but this is why you should have a personal account and that a corporate account. Because I don't really care about you. I'm glad he had a great time. The hockey game. I Have Great Times hockey game so but that's not something that's going to come into play when I find out about you know making donations to a lot. Lobbying lobbying Lobbying Congress to pass anti consumer legislation that will benefit your businesses. I at the same time I was looking at Jillian Denaro A staff writer at Forbes had a piece kind of cooking into what you were saying about David Drummond chief legal officer of Google finally being pushed out after in a note. If if the Google protesters were better paper machine he would be one of the effigies. The gets protest marches because he is emblematic of old guard Google employees that have been allowed to get away. Hey with immensely troubling behavior inside the office. So Chillington off. Rio was making the suggestion that the title of the pieces with Google's old guard gone. CEO Sundar Pichai has a chance to reset culture which is another piece that I agreed with a lot of it from skeptical? Skeptical about some of it. But she's noting that Now with the with Google's founders formerly stepping back instead of just simply In in practice stepping stepping back and all of these bad at notoriously bad actors who had been with the company for twenty years being forced out sometimes gently sometimes with a hard shove send. Our child has the ability to hopefully create a brand new culture if these if these people were influential vectors of bad behavior at Google contributing to an environment. Where bad people think that they can keep to keep getting away with things and good? People continue to think that there's no point in even fighting because the deck is stacked against them. Hopefully that's true. We forget that Syndrome hi has he's not necessarily part of the old guard but he's a sophomore or maybe a junior in high school so and he's been running Google before he was running alphabet so he certainly knew all about the five big name people that have been kicked out of Google And hopefully we don't know what's going now by the scenes. Hopefully he was up skimming one would wish wistfully hope that he was one of the primary. Movers bind we gotta get this person. out we don't I don't care if I don't care if Andy Rubin does demand ninety million dollars we gotta get him out. Hopefully that is part of. Why all these big name people have been pushed out over the past five or six years but we just don't know but there's always there's always an opportunity to send a clear message that whatever there's there is I'm implanting? I'm planting a flag drawing the line right here that this line represents where the old ways were tolerated and sometimes even praised and where we're not. We're not doing that anymore. We're not GonNa let you get away with that anymore. The Hammer's coming down because case you haven't read we better trillion dollars we can we can do do without you. We will. We will maybe suffer for about four or four to six weeks until all the people who've been holding back with your boorish behavior step in to fill the void but so we we have to hope. It's an interest bits interesting thing to consider. Yeah I think that's the I think that's something that we keep saying on this podcast. You know Islam. Yeah that's that's my hope for twenty twenty again we might. I have to be realistic. But nothing changes if we insist that nothing possibly and we and we were we realistic at the beginning of this podcast when we were talking about like Weisner which is going to Brussels and talking about. Here's a I like trajectory going forward because again there's still needs to be run but parting of part of running that business is ensuring that they're the bad actors that are making things look bad are tossed out so it's a twenty twenty is going to be an interesting year for this because it's been boiling and bubbling over the last couple of years and now that search Kachadpai is officially taking over the Google duties. I think it'll be interesting to see how evolves specifically under his care. I do hope that Google changes its culture and if and when that happens they will not not primarily Thank but all of the current and former Google employees who smoke out and made their stories known and made it made made it a persistent problem for the of public awareness for them just like apple. Still has the stigma of foxconn employees employees jumping off of roofs because they've been forced to make quotas that are stressing allowed you to keep that pressure and maintain that pressure. Because maybe they're maybe they're guilty. Maybe they're not guilty but they're not human beings. They are corporations than they will. They they have to be made to measure to make sure that even if they're been completely above board they have a responsibility to make sure that we know that they're being above board related thing We've been talking about a a lot of people who organized San Francisco Pride of which is a three hundred twenty six member organization that organizes the pride parade in San Francisco. uh-huh noting that Why are we allowing Google alphabet and Youtube to march in their parade when their products do so much which to set back the causes of hip non of of of diminishing the amount of hate? That's out there Well their group had a Meet monthly meeting recently and they voted Th they voted to passed an amendment banning Google and Youtube from the pride parade these are by the way this group. They're vetted through an application process. They agreed to pay annual dues And that allows them to participate in the nomination selection of Grand Marshal's choose the theme of the parade eventually vote on the board members. Who Have I think corporate Ability to make the big sweeping through these aren't just like it opened doors meeting anybody who has an interest in the pray. Come on in and take a vote. These are this is sort of like the the House of Representatives only probably. I'm guessing a lot more diverse than the United States House members and so the lavas was driven by a course former former Google engineers who are SF pride members Lawrence Burland and Tyler. Brush Egger a quote of released from the both of them a quote. Many people have been committed to pushing. SF bride to do better as more and more people get get involved we can move closer and closer to a pride celebration that celebrates our Lgbtq community rather than serving mainly a rainbow colored party for corporations nations. That is such an important line right. It's so easy to make a one hundred t shirts and give a whole bunch of employees of the permission to to fly the company colors and make them a nice banner and everything. That's so easy and so inexpensive and boy does that. Look good on the website and boy. Aren't you happy when all those pictures turn up instagram And make people feel good about your company. It's another thing to make sure that if somebody is if if if for same sex partners are opting child that they get the same ability to take time off to with their new infant as As any other new parents would and other basic systems of equality that everybody else counts on to say nothing of you have to do more to who control hate speech on Youtube than simply. Write a stern letter and tell somebody with ten million subscribers that they're ver- you know what we're GONNA do monetize for weeks or and there's more let that coming it's it's it is a problem and so It's so easy to again. Dan Put a float in the parade and to write a check to support an event. That's easy that's an easy decision. It's hard to make the tough to excuse me to make make what is not morally a tough choice but what is a tough piece of self realization about the damage that your company can do and be willing to take the take those bruises and take those heads to make change happen. I just WanNa say it always felt kind of so I- marched in pride a couple of years in a row like way back in in the two thousands and in two thousands. But you know what I mean Back in the day and I was marched with the churches and the Churches always marched last because we were the smallest just like we didn't have really floats or anything it was mostly just like people all wearing the same shirt color and light carrying a banner and we were there out of solidarity and we were there super excited to be able to show up for to be able to show up for folks and show them that you know we are with you in solidarity and as fun as private is I appreciate ashamed. There's kind of a bit of a crackdown on this. Because it did feel very much like a you know it alls it kind of sucks to be at the trailing end. It's like Nick. Hey we're really love you. And everything and then like to to be preceded by all these giant corporations. They had like stickers and you know like giant flow flo matching tee shirts and it was like it was like facebook. Google like all these corporations and we're just like A. Hey Jesus loves everyone very like. Yeah I remember just feeling just like yeah anyway it it it. It also underscores like an ongoing problem that It's not it's not just a big colorful wonderful city parade that everybody gets to go out. It is a big colorful wonderful hit. It is but I'm saying that loud now. I know that there was just a lot of people. That don't understand that you know this is meant to commemorate the stonewall riots and people who are routinely being incarcerated and killed for who they are and the pride parades at imagine. Imagine taking part in a pride parade in the Seventies. Okay when you. It is culturally in the United States and everywhere and seems like everywhere else. You're being told that you are pervert. You are a danger to Rit. Imagine the courage that it took to say. Guess what I'm GonNa March right in the middle of Main Street here I am. You want attack somebody here I am go for it And so it's it's I'm I'm glad to see while enjoying a such a such funded wonderful event. There is an understanding that there is a meaning and a significant behind. It's not just. Hey well I'm GONNA jump in. I want to be part of the fun too. I'M GONNA jump in onto onto the pipe raid particularly I wanted. This is a lot a lot of people watching in this pride parade. Let's make sure that we get our brand there. I feel I feel the same way about Memorial Day where it's like no this this really. This isn't a day of celebration and this isn't a day of this is a day when we remember not just people who served with people who were killed and people who the loved ones were left behind if those people were killed and again. I'm glad that I'm glad that you're having a good three day weekend. I'm not saying that you should be dressed in black and being a state of mourning for three days but this should not be the meaning of this should not be hey colorful parade. Let's watch the air show and let's have a wonderful three day weekend. It's let us remember that. There's a reason why we we get to do a podcast. Whatever we want And you know. Sometimes be flippant about the state of the world. And that's because of people who are no longer here to who do podcasts. Label my age your age and younger people's age one more added than we can wrap up something that I'm really excited about knack work through. Yes this episode of material is brought to you by health. IQ At some point in the last couple of years you've probably created or maintained a healthy habit whether that's getting enough sleep working out or just trying to eat the right foods cash. I feel like I'm being called out right now. If you live a healthy lifestyle you could be rewarded for your hard work with with more affordable life insurance rates and you could save up to forty one percent just take the health IQ quiz and then they'll walk you. Through the entire process of applying the policies sees underwritten by one of their top insurance partners. And there will be a real person at the end. The phone who you can chat with the savings are exclusive to health IQ. So you won't find them anywhere else but you do have to qualify to get that special rate he no. I remember working out quite a bit to make sure that my health was stopped here and you know I think my health still is top tier. But it's nice to know that I can have a company like health. Iq behind behind me. Just just in case I fall off the wagon again to see if you qualify good health. IQ Dot com slash material to take the proprietary health. Mike you quiz depending upon your score as well as other related qualifying factors you can save up to forty one percent on your life insurance premiums compared to other providers leaders again that's health IQ dot com slash material to let them know we sent you and the process would be health IQ quiz. There's no commitment and you'll learn even more about potential opportunities to be rewarded for your commitment to living healthy one more time that's health. IQ DOT com slash. Material are our thanks to health. IQ for their support of Material and tall of free. Latham all right. Let's let's talk about do so. Let's talk about video. Yes we have some new news about The Microsoft duo. which is you might remember? Microsoft's stops new plans for in two thousand twenty four to screen devices right talking about folding devices. We have one screen the fourth and a half. We're talking about two. LCD panels are led panels with the hinge in the middle of them which is gets more exciting more IC- actual practical explanations of how to work including this week Microsoft released developer tools and guidelines and a software emulator For this falls Duo of Microsoft do device which will be running android. They're having one vice. That runs the windows. One that is android faced And the Zach Boden Who is a designer created video video of the emulator so people can actually practically see how a lot of these demo APPs are going to work Then Jonas Stein art diner sorry of have went. One better took his video and overlaid them over like a press photo of just like the actual duo device unfolded actually see things moving from one screen to another other and I have to say that this video is pretty mouth-watering it the for a couple reasons number one that the plant right now because because that'll crash skype but the thing is like it's it's it's it's one thing to say. Oh well it's two screens for the hinge in the middle and it's easy to imagine uh-huh Great Sob- maybe. They'll be aversion kindle APP and I bet I can have like the be using Microsoft outlook or something and have like a a list of inbox items on the left screen. The my tap on one I can actually zoom actually see the full view of the email and the right screen but the way that the way that you're interacting interacting with it the way that things move from one screen to another really looks like a very practical and very usable device than where it's is really essential because any any one of us is who is a fan of android has been like. Why can't they figure out how to get developers to right? Good full screen APPS that love. Mike I love my chromebook but I thought that before I was before I got my first one. I thought that I mostly be over runs android so I guess I'll be running using it like an IPAD. We'll be running like android based local APPs and maybe some stuff in the browser but the thing is the the interface the full screen interfaces for Android APPS so bad that I do have Microsoft outlook the ANDROID APP on my chromebook. But I always get my mail through the web about because it's so much better so the worry is that if we if Google presents its developer's with here is a wonderful plan for doing like a multi APPs that span multiple screens developers. Will once again say we don't care we just WanNa make phone apps because that's where all the money is raised on a basic level so that one of the things things that these videos really explain and makes you feel good about. Is that even if you have an android APP that hasn't been optimized in any way shape or form the simple ability to have one one APP on on the left hand page are different APP on the right hand page. Each one thinking that's just running on A standard heard like I'll albeit may be weird aspect ratio. Phone that in itself works really well and the way that they've got in the android operating system and its gestures Allowing you to navigate between those two screens and applications running on those two screens is really really good and then you move one step ahead of that where obviously Microsoft has has already updated. The it's Microsoft APPs to that they will work well inside this email me later when you do get to see. A duo. Optimized version of outlook working in a duo version of office APPS working and I can really see myself When I don't when I don't get the the the one row of seats on the commuter train that has the little table if I feel that I can actually get an hour's worth of work done sitting in just like a normal bench seat because it's having this little book open in front of me and being able to actually get product productive worked on it seems like a really good way To leverage to screen separated by a hinge without thinking that you're running two separate android phones that have absolutely nothing to do with each other There's the idea of screened the folds and unfolds against single screen without a hinge. That certainly seems like an attractive sort of idea. But it's GonNa be a while before you can get a flexible screen on any device. Cost less than fifteen nine hundred dollars and it's always going to be extra bulk. It's always going to be extra complicated. And in the end it might not be necessary for to create a brand new form factor so it it really is a good sign that maybe could be actually good. Microsoft gives examples of suggested APP. Layouts it's One is extended canvas meaning treat both of those screens. One screen left sand screen as the master The other one is a detail to page H.. Lay out a dual view many of the same content but you're getting different views of it And companion page. which they're they're They're not locked in stone. As to what these things mean but things like companion page would mean something like you've got if you're editing a photo on the on the right hand page. You've got like all your tools and left hand page or you can have a a movie playing but details about the movie on another On another screen. I if all this is a great amount of potential but hopefully the thing is it will never work unless developers get on board and they can get if they don't. I can't imagine the the rock and roll tour buses full of swag that Google is pulling up in front of Amazon. Saying please please please do a two page duo version of the kindle reader. Because if you if you just allow us to have an APP that allows you to read a book like a left hand page right paying face that will be at least that will these bias enough time to arm wrestle the rest developers doing something name your price we will. We will by the first one hundred seats on your bogus like Mars tourism mission. We swear just. Please get a couple of interns to write a kindle APP that works with our our product. Yeah I was actually just thinking about that like two nights ago because I've been I've been reading a lot of parenting books. You know in preparation for my journey and kiss anybody's wondering I'm currently reading a book called Oxygen Baby. Nothing you talk about raising your baby. In the Berliner way it's called free range parenting. Everybody in unison. Roller is it. But I'm I'm glad I'm glad you clarified that because when there's a book often baby maybe now I hear a lot of jokes and a lot of concerns that I know well. It's because the woman is American and she keeps saying watch out baby but anyway so I've been reading it in every reading. It allows you to get the word on. You know what happened during the forties and right right. Well it's the book is not perfect perfect by the way just to give my little armchair review of it but it does have some interesting things anyway so on this journey I'm like reading. I've been reading a lot of books lately because it's been kind of helping me to get to sleep at night and I am reading it on the TAB. Three which is is a believe. The TAB has three is a nine inch screen. Yeah it's a nine point seven inch screen and I've been reading being in landscape mode because it's easier to carry. It's easier to hold in bed than reading it vertically it and it's really weird doing that and having the page cut in half. It doesn't feel organic so and I'm doing this by the way I exclusively use. Google play books because I don't I don't put my money into Amazon's kindle I'm Google playbook person and and sometimes they use co books and I don't like the two page thing and so when you were talking about the do I was just thinking about how great it would be to be able to just have avid device that that feels attacked. You know has the tactile feel of a book. That's what that's what I really want. I think that would make me more comfortable. My husband likes his kindle paperweight. He likes the the background lighting You know it's really comfortable on. His is very lightweight lightweight piece of hardware. But the way that I use a tablet Gosh I would just love to have something that I just. Kind of clamp clamp opened enclosed. Kind of thing. Like I'm I'm really into that user ability so let's see if Microsoft kin start us out on a journey towards something that that could maybe help bring Andrew tablets back into the fold. It's it's such. I've always thought that that form factor is such a compelling concept that we've had the CIA. I agree we. We've been in a boring Rut of How how useful and efficient complaining about it? But it's for for twenty is the thirty years we've had laptops where here's a screen. Here is a keyboard. Here's a hinge that separates the two of them and it's exciting to see the potential of having a a device that can do so many tasks and mechanically adapt to how you want to function the idea of having a virtual keyboard and an opening at like laptop and having the the flat screen on the on the table surface being like a virtual keyboard the idea of having an open like a book whether you're reading the virtual keyboard though sorry just as not just then but when you wanna read a book it could be like a book reader when you have have like an email reader where it really is. I need to manage the last one hundred eighty items that have hit my inbox. I need to get through them really really quickly or I need to look something up in a browser Window while I'm replying other email and another window or even as simple as having so much of a so much of my week is a Google doc for a radio show or podcast where I've got one window. That's the dock that I'm writing or any other project and another window that's the research beat a PDF whatever And then being able to full that folded a three hundred sixty degrees around itself and just have like a compact tablet for reading comic books and stuff that this is I I i. I recognize that I'm speaking just as well of the windows version of this guy potentially as the android version of this but this is a super compelling form orm factor and I hope that there are a stable developers. I've always wanted something like this and are going to write apps just for themselves that happened to be useful for eighty eighty percent of the people that are out there anywhere. It's nothing that I have. Money earmarked for the duo or the windows version of the duo. But it's I can definitely it's one of those things where I'm sort of aware aware that this could be something where I convinced myself but you should really but instead of getting one on loan for you should buy one for research for extended research for for the hardware library. Andy don't don't think about whether it really really works. Well and yeah and the eight year old kid. That's wants something shiny for freeze birthday talking. And by the way last night I was trying to convince myself that the the pixel slate which is like on super sale right now offer four fifty on Amazon for the quorum. Three I was like I should buy this just like see what it's like to have this and then I realized that I wouldn't really be able to use it the way I want to because I have to pay the extra like basically to three hundred dollars to have the full kit and caboodle. And then I'm like this is. This is as much as laptop. Never mind I'm just going to stick with my old outdated tablet and my chromebook and every other piece of hardware that I have right now and and also babies apparently need diapers and stuff so and and also to healthcare in. America doesn't fully cost or does it fully cover the cost of. I'm having a baby in a hospital and I know the Oliver Overseas listeners. or go up you Americans and go. Yeah you know I have to. I have to back off and maybe apologize for something I said at the top of the show. Maybe the reason why some of those people are like stealing all the napkin dispensers. Dunkin donuts is. They've got some sort of a homebrew duct tape like disposable diaper plan that at. Hey if you're if you're in the kind of economic pressure will ensure the comfort of your of your cake. Can I just say on on the subject of the Napkin thing. I wanted to see something earlier but I didn't That is something that I actually learned for my mother which is to take oaths take Napkins because he never know when you need them and I do. I have a stack of mixed I mixed restaurant Napkins in my kitchen that I like just pull from because because I don't Talk Oh bell love understand local Takeda like I just I have just stack of different napkins from in different places. I have like a stack of Napkins in my car. Like in the side pocket in case somebody spill something or needs to blow knows and I don't you know I don't have tissue you and you know it's just do my part I but for not sticking your arm all the way into the back to make sure you get. Oh no absolutely really not know. I always pull from the front. And if there's an if there's not a lot left in there you know I'm not GonNa Cause I know what a pain in the butt. It is to be the employees that fills those things. I spend my time doing that. It's not see. This is another advantage of Amazon. A that times were like I. I've I've About ten years ago I realized how useful chopsticks are inside the house and every time I'd like by Sushi. They have their though the suckers that they just have a basket. Get A wicker basket on top of the fridge case. They don't even they don't even ask they. Don't even look to see how many you take. Maybe take you know. ooh Oh well. I'm splitting vis this. The salmon role was somebody's. I need to take three or four at but at but then you've really got Amazon. Say Oh wow I can actually buy a pack of a thousand of these like disposable like bamboos use bamboo things for like eight dollars done and I can. I can buy like an. Yeah Okay Okay you know what. I don't apologize. I live alone and sometimes I don't. I don't like want to have to like even watch silverware. Because all I'm doing is disposable for Zach. Zack by rather than again. Even across the street and abusing my neighbor who has the the the lovely salads and sandwich shop and stealing like the plastic i. I can just buy a box of really nice dixie brand. Because he's duty and again look conversation that we had earlier it does comes around. Andy we start so strong and then we slowly reveal. Truly the garbage people are the site. Am Skinnier Nights Eli listeners. This is how tightly scripted and well thought out these show docs are. It gives the impression that we're just making things up as as we go but I'll could. We've brought it all the way back around to the beginning. Had there not been a show and very tightly scripted and rehearsed that plan for this show. I hope you appreciate that. And if you do appreciate that by all means Sign up for a membership at really dot. FM Please we love it when you use our sponsors sponsor services if they make sense do oh by the way One of our listeners was trying to use one of our services last week and our offer code was not working The Management has worked on that and now it is working again. So I'll be I will be in college. We guests thank you so much But if you WANNA kick in a little bit extra those are that's always wonderful again not for me of course but think about the the the the the young the little I on the child. That's coming I need to pay for the Heat L. DOT FM slash materials to look at a waste site for memberships. You we do offer a bonus episodes not only for our show but for all the from all all. The hosts in on the relay. Family Network of PODCASTS And we do a pre we we actually get a separate payment. So sometimes we'll get this additional pay pal payment the blues and OPA. This represents the extra hug like the second hug. Were getting from the listeners and we times when again we are there I we. I spoke earlier about being flannel pajamas and a sweatshirt. But there's certain warmth that I can only get from Whether it's through twitter whether Chris through people in the street or memberships that comes from knowing how much of you seem to have really really like the show and we do very much appreciate that a flow. What's going on besides your baby competing with you for the Thermostat of the internal body regulation Next week I'm hoping I'm really hoping to get an episode of honestly check out next week that I've been sitting on since November That is in my to do to do in between the few hours when I'm awake each each day. So honestly tech pod DOT com. You will be hearing more about my projects this year. I just I need to get this little project project to make sure that you know they make it through the south. She's training a new intern. You know how hard it is to bring someone up to up to speed on you know especially when you have to feed them. Clothe them clear. Clean Them mm-hmm yeah Somebody described last night creative projects being like little babies that you have to take care of like sometimes times you do have to like stay up till three in the morning or whatever and just like not sleep taking care of it and I realized that like Oh. I'm doing the real thing though this this time. It's not just a creative project IT'S A. It's a lifelong comparison. Go back now so we got I say. Hey you get away from the power outlet unless we're having problems with the WIFI and you're just unplugging the router and plug it back in again which can completely understand on the jobs carry on us I'm as as usual. You can check what I'm doing on twitter and instagram. I'm not on both My I was on Boston public radio. NPR on Monday this week and you can see that because you're on Mondays now not not Fridays. We're we're we're. We had a couple of adjustments. I think I'm back on Fridays next week. But tune into Twitter to lip usually post. What time that I'm going to be on on but as always go to Gbh News Dot Org you can always stream it live or later? That's going to be it for this episode of material. Thanks everybody for you're listening to us We hope you have a really really wonderful week and until next week. Bye Beverage fortunately I have on on sweet beverage Sir okay. Somebody brought diet coke in my house this last weekend which I was just like 'cause I don't we don't have soda in the House. We have right now. We have ginger beer and Perio- so I've been mixing in half and half because it's on sale kosco yeah it was thirteen dollars for twenty-four back. Okay you know the brand the Brandenburg Brandenburg. The Ginger Beer. Anyway I distill it because it's a little too sweet. That's what I'm drinking kissing. Yeah I feel like that should be a bonus clip drink during the podcast. I used to drink Kombucha but then I got pregnant anyway. Fungus Thi this is this is why a good marketing says. Let's call it. Let's come up with a word that doesn't exist. That Westerners listeners won't understand so they will never ask Californians will buy and drove precisely. I am the demographic okay.
452: The case against predictability
"This is a CBC podcast they show which facebook post we might WANNA see as well as the ads deemed relevant to our travels stability and the joy of uncertainty in our digital age. I do that you would never imagine that for me that's a qualitatively different change this making our digital selves I asked John How the many many suggestions we get from algorithms some sort of pattern technology what other people have done or what you've done where techs works but it's just what is the more likely possibility and the best part that's to say what is the best way for you to be profiled in this how data that we generate the more these systems are able to pick up on the patterns fourth thing to talk about when we think through digital technology that this has roots in mid twentieth century the system better it began as a way for a lot of aircraft pilots to think about them so a lot of what we're seeing is the idea that the systems are not trying to make an assessment that is saying Oh this new information is perfect this new information is authentic it is how does this but I think more adeptly these systems are able to adapt to the changes that we all have it'll be next week why we'll be in a month from now who I will be in a year from now I say so there's this yeah no the the fitness tracker that I wear on my wrist and so forth so needed in the same form you saying for example that I want to track in a way that can be seen to be inauthentic and so that seems odd right but a lot of times we tried these intentional voluntarily produce data the unintentional treated as more valuable price because they're not intentional precisely because they're seen to be kind try to take both the unintentional the intentional quantified self readings the ways that you try less you can connect then if you have a big enough data storage and find patterns in those discrete sets other precisely because the more data for them the better even if it's unintentional or intentional that these are just clicks website visits or just gps locations but when thus make them by a thing or make them do a certain thing rather we're seeing populations but it's also just the way the advertisements historically have operated is that they push the value is both in the fact that they're making extraordinary amounts of money but also that original but does the data that we generate allow accurate predictions of what will do next are we allison discern behaviors to control us a lot of the literature and scholarship is about how we're controlled was on operates on this model right when Amazon suggest something to you it's suggesting something to you in a way that curtails uses which is exactly why these companies are spending billions upon billions of dollars to shape our a fall into an orwellian pessimistic everything's going to hell the time but they might be more wrong than right or they might be wrong in certain ways and so as happening we see gender and just any kind of identity itself reinforcing the enormous amount of information we have access to the entire suite of everything that Amazon has understanding the world if we think about how what maps are maps are it's distracted quality to these experiences with knowledge so algorithms are just another people talk about the black box society and so this is a problem that's not it's not have what people are called like a one way mirror they can see everything about you but you can't see everything about them nice for us or the only friends we have in the world is what facebook suggestions system in that movie her for the data brokers I really showed us our data because we can't do that then we are essentially going am speaking to John Chainey lippold who teaches American culture and digital studies at the University of one of the things that you talk about in your book is the idea that my digital profile who the algorithms these arguments have they're not representing the world as they're not trying to represent the world as so you are a lot of companies are using algorithms to really these algorithms can't understand happiness happiness in the way that we think of happiness hi to flatten it out and make it just data the model becomes something else it's measuring excellent instead of I'm sad or depressed and so for me this is an important distinction in class that the idea of when Google's trying to profile me they don't think of me profile like for example what Google ad settings thinks you're interested in yes in my book I talk about identifies a man but Google thinks I'm a woman well I understand myself within structures of power and the idea being is that Google wants to follow who fit within the patterns of what a sixty five year old woman is at the same time though I think that we have to always I'm who people think they are at times it's really a a battle to figure out you know who controls who is is that they're trying to figure out who you are on terms of them are terms for them in who we are but also what kind of groups that were in I think a lot of times we I am in and that we should also think of identities attached not just to the south but to these categories talk about identity politics because the categories of identity are owned by bowl I have never watched an American football game in my life I never searched for football yeah it's in a sense these algorithms these as much as you might call them smart or machine you produce data that seems like somebody who likes American football or actually probably more so a Lotta Times who we are based on who our friends are as well an example outside this credit score but the credit scores of your friends facebook has a list hi credit score but they're really close friends around them have a low credit score that that will actually in how those people's lives are also data find another way to think about this too is time I clicked like on a tango page on Facebook I am now seen the evacuation of what Hispanic cultural identity is in heritage but also we see this question lament that suggests that me being Hispanic useful and then importantly is that if I stopped producing are mostly getting it right is there a cost of this in terms of our ability to make choices is that what we're grappling with is how we as humans exist alongside machines able to predict who we are going to be what we're GonNa do is that there is obviously a sort of think about the fact that social pressure exerts itself on us live in a bad way but the way that doesn't allow US complete full range of of gene is that they're really confounding our basic assumptions of what knowledge is our basic not only record our behavior and draw conclusions from it but also push us to behave in is all this data analysis and prediction making us more efficient as people and they're making us more efficient at times for necessarily being healthier but I do think that they're making algorithms that give you a bonus if you go to the gym often worker how can an algorithm make a person a better you know to be a little bit vulgar serving experts in the world that you want to live in or basic science your boss has a different worse so what kind of harms should we be worried is to really understand who we are in terms that are social and terms that are debatable an algorithm that the NSA used and they still might use eventaully unconstitutional thing usually in the US citizenship rights and thus the right to are you friends with people who are foreign friends with people who are citizen do you speak English or do not what happens is that the idea what citizen is which is more or less I think at the cornerstone did and thus the right to privacy or even the right to participation is is authenticated and now even private their trillion dollar trade secrets yes there at that their silos of privatize knowledge their silos of understanding ourselves is there a tipping point here where we simply give up the right to choose and and see to the machines and just we rely on the algorithm of Google search engine or a yelp in there's so much information there in the world that we do have to narrow it down in some way years that your potential dating partner might not be something this algorithm Mickley the date was based on where you lived based on the social class that you existed within was based have the ability for us to critique them in so what were happening that we're becoming more and more aligned but they do have these presumptions implicit in Jon Barry interesting stuff thanks so much for title studies at the University of Michigan and the author of we are data algorithms and the making spark Bagai full face shut us I'm nora young a spark from your pals at CBC Radio and today we're talking deep into the roots of our drive to predict behavior so come on using forty one and French philosopher Rene Descartes has just finished writing his meditations medical doubt about how we can truly know anything leads him to assert the primacy of the Johny this have to do with predictability or technology you can trace awesome this is a baby Barani she's a PhD candidate in cognitive science at university machine learning and Rene Descartes primacy of the individual way back and in the process he wanted to get rid off everything that could be doubted including Gulf deception. You can think of this in you know in terms of the matrix mistake or something but it might actually just you know your mind tricking you so has kind of made its way through everyday practices wizards Gal arguments we want something that's unchanging something that's permanent nations he step by step he went through everything that could be doubted there is something doing the doubting so with that we have the idea of that exists independent advisors as long as you exist as thinking you doc has influenced a lot of thinking about the person about individuals can't be separated from other supposed to something that exists because so thinking about the the role of the individual and society and I know you've explored how the concept it's broader than at just philosophy it's it's a way of life you exist because you think because you have Russian on toads you exist ah with your continually constant interaction and relationship we's in your society you come to know yourself to that so got the idea of the fully predictable consistent solid individual as bayport so that other traditions see this relationship differently the you know a newborn is somewhat less of a person than on interpersonal rain lived experience the more mature the more you know Fuller Person You Foley realized person because they haven't had that opportunity to develop in community responsibility of the society in the community not just the individual parents community someone I forget who has this great formulation of saying I am because we for I am the kind of flips descartes's I think therefore I am might evaluate a person's action from that perspective percent necessarily you cannot just take individual out in try to measure the commission being in developing rather than something fixed and kind he candidate in cognitive science who recently gave a talk called indefens- of uncertainty opean philosophical worldview like two for a different view the self and community the longer version is my PhD thesis but the Short Version Takada developments and their applications into on the stock measure the develop this technology in where we end up stereotyping people in the process by Asa Jerry multi violence I have met people of if you look at me later with my family or my friends you know there's some sort I don't think that's toward these I move you know in and out freely likely to behave a certain way innocent some kind of shoehorned into these here because that's a pattern detection in a simplified way is what's Sir could you give me an example of machine learning that expresses this take applications of machine learning the recent one is way yeah that is hugely problematic because there is no way of in trying to develop blockchain based systems for scientists you know something you continue on negotiates that these are the on the assumption so for a Beta something like registering consent oil and there have been as you say there have been a lot the job or not and so forth why do you think we we so want to believe that these things undies not a bad thing we own want some sort of certainty because nobody wants Cao's for a lot of business models in in the take word money for the big companies the developers themselves and as long as ignition which is something we've talked about on the show last week how do you understand what it is yes Bersin or copetition where the idea is you study takeoff embodied cognition as some of response to that it's trying commissioner or the person coming from embodied perspective it's all these a relates in connect with others dot our constituents parts of I think generally exemplifies imported cognition at missed us for us Somme that embodied cognition or is a fundamental difference between humans and computers because we are fundamentally being relational we have value swear so when we think of in in this futuristic term styles you know something emerge as if something that will emerge out of nowhere but essentially since creating and implementing values to our ai so image it's fascinating thanks so much for talking to us about it Oh my pleasure interview me reflecting on the challenge of using machine learning to address problems that inherently from the University of Washington and elsewhere looked at the kinds of twitter comments flagged as offensive so as a sample a tweet read I saw him yesterday was ranked as six friendly way to refer to someone giving particular cultural context it because we understand how the world works and we understand context machine and the technique writer and researcher the feedback actually particularly relevant to what they're doing or they're not necessarily going to it looks like police are doing their job really like having this the assumes that the underlying data that is being used to to make these predictions maybe eat fairly skewed you're listening to spark from your which is why I'm still talking about it trick or treat forever way targeted ads follow you around online or the creeping dread we sometimes have we're not even certain whether we're exchanging messages with a real human being or a machine what is natural and then there's Frankenstein perspectives on what the book Frankenstein really means but as a cultural touchstone what we've created it may be too late I had an obscure feeling had hoped always scope for fear so long as anything I loved remain behind or the fact that we have a I that successfully learning without human direction back in two thousand seventeen I spoke to Kevin Roose a business columnist for the New York Times who'd with violently anti Semitic statements like Jew Hater on the platform he was struck way and to me that felt like a real admission that you it was creating might not be used for good and and it struck me I think the scale of today's technology makes a big difference Internet based companies viewed in any way I mean people talk about the the banks being too big to fail countries at any given time it's just too big and that scale has serious implications mation machine and yet that's exactly what it's become and so you know Soooo mediate global conflicts in you know deal with human rights crises so perhaps the Internet changes flex and with so many layers interacting with each other they come to the limits of our awesome was working and how it actually does I'm Sam Orbison and I'm the author of is very good at the same time though I think the way to handle this well and it's not just kind of either complete understanding of a very sophisticated system or utter ignorance all the details horror has long been a metaphor to help us is at the very idea that we ever had complete control over our technologies is itself suggested a different way of thinking about technology in an age of complex systems times the words we end up using are similar to the kind of words we use to describe biological things entire ecosystem or the complexity within a living thing and actually use those approaches you can get greater and greater understanding of what's going on even if you never have oh gee is a healthy metaphor and a good way to approach understanding Tech Hey if it which I had so thoughtlessly bestowed when I reflected on his crimes him to their pace the ages of twenty five and fifty four and likes nightlife and recipes. Can't Hoffman been accurately predicted to be a fan of birds audio equipment and me Nora Young Apparently Cheney lippold and a baby bird hunting and from the Spark Archives Twenty fifteen interviews with Ingrid the go-to CBC dot ca slash spark to subscribe to the podcast or download the CBC. Listen help us deal with a giant amount of data and information. We have access to and find what's to