35 Burst results for "vice chairman"
Isaias spawns deadly tornado, brings flooding and power outages
"We'll a good chunk of the tri state area still in dark from the power being knocked out yesterday by a tropical storm Zaius on days like this, you might think of Sandy and Irene. Well, in some ways it was that bad. Con Edison hasn't seen outages like this. Since Sandy spokesman Alan Drury. It surpasses Hurricane Irene, which is in 2011. Only one bigger at this point would be Hurricane Sandy, which caused more than a 1,000,000 hours. New Jersey got it The worst. More than a 1,000,000 people lost power, and it will take days to get a lot of them back online, CPN L's Cliff Cole on one electric crews they're dealing with. We need to have them assessed the situation safely and make sure it's safe for them to get into these areas. Zaius was deadly in Queens. A man sitting in his car in Briar Wood was crushed to death by a falling tree. Transit systems were knocked out of service for hours. This is empty a chairman Pat Boy. This was a storm without frankly, no flooding to speak of, but very high winds and lots of trees down and talking about a storm during a pandemic. Boy has been pushing for more federal money to help the empty during this fiscal crisis. He says that money would go toward operations during a storm both preparations and recovery.
Columbia Sportswear's Gert Boyle Faced Down Sexism and Ageism
"Boyle. Grew. Columbia sportswear into a downfield powerhouse is the third Nar five-part series on the origin stories of iconic companies. We originally aired this episode about boils legacy after she died last. November, let's listen back. She was one tough mother and proud of it. Gert Boyle, the ninety five year old Chairman of Columbia Sportswear died earlier this month since then accolades poured in for boil, she was a formidable funny icon of the outdoor apparel world notorious for her resilience and her toughness qualities that empowered her to guide Columbia from near bankruptcy in the early seventies to what the New York. Times. Now calls the largest outerwear brand in the United States, a three billion dollar business. Gert Boyle was born gertrude lamb from in Germany in one, thousand, nine, hundred, twenty, four, when she was thirteen, the family fled Nazi Germany moving to Portland Oregon there her father lamb from bought the Rosenfeld hat company worried about antisemitism. He changed the name to the Columbia hat company. Columbia evolved from hats to outdoor year including a fishing vest that Gert than a homemaker raising three kids designed. Gertz husband Neil Boyle eventually became CEO of the family business. But in nineteen seventy, the forty seven year, old leader suffered a fatal heart attack. Suddenly Gert found herself at the helm of an eight. Hundred Thousand Dollar Company. She had no idea how Neil had run it nor how she and her son twenty, one year old, Timothy would manage. As CEO of Columbia Gert frequently encountered sexism, but she always had an acerbic comeback as the new. York Times reported Gert recalled that a businessman upon learning. She was the president exclaimed, but you're a woman her answer. You know I noticed that when I got up this morning. Still, the combination of rampant sexism in her inexperience almost killed the company by Nineteen seventy-one. Gert. Agreed to entertain an offer to purchase it. But when the buyer a man offered, only fourteen hundred dollars she custom out and slammed the door in his face wrote Doug Schnitt span who profiled her for outside magazine. Gert said for fourteen hundred dollars. I would just as soon run this business into the ground myself that encounter galvanized Gruden Tim with a combination of unconventional strategies including being the first to use the waterproof fabric. GORTEX. They saved Colombia and set it on its growth path while all of their outdoor industry rivals including the north face in Patagonia. Marketed their wares to elite climbers and adventurers girding in Tim, we're happy to sell their products. Products at department stores at lower prices that strategy shocked the young industry and it worked so too did the Marketing Campaign Gert? Boyle is best known for the one that featured her as just what she was. One tough mother that campaign which ran from nineteen, eighty, four to two, thousand, five depicted gert down to earth mob oil. Now, take no nonsense mother who didn't suffer fools gladly, and who would allow nothing less than perfection A. A string of TV ads showed Gert using her son Tim as a product Tester to prove that they're outerwear was both warm and waterproof. In the first. She had tim dressed in Columbia's famous three layer system. Walk through a car wash. Her favorite one was one in which she drove a Zamboni on a hockey rink. Right over her long suffering son dressed in Columbia gear. Of course, he was lying the ice breathing through a straw. Straw apprentice out of the same era for the boundary peak parker quoted the Middle Aged Gert, saying I've got hot flashes to keep me warm. You'll need something that zips mob boils tough. Mother ads are credited with transforming a little known business into a household name inside the company. Her wit was also on display. She summed up her guidance for other leaders. This way early to bed early to rise work like hell and advertise. She might have added and work like hell. Until the day you die, she made it to the office on her ninety fifth birthday in March and was still having business discussions shortly before her death on November third according to outsides Schmidt's Pon. Gert Boyle will be remembered for many things among them, her belief which she shared often with younger women that a woman could do anything and also her conviction that older workers are assets in the workplace. Indeed, in her nineties, she wrote perhaps my presence in the office offers a message that managers liked to put older workers out to pasture. Out. To lunch.
Progress Slow on Virus Relief Bill as Negotiations Continue
"Senate Majority Leader Mitch McConnell, accusing top Democrats of stonewalling negotiations over another relief bill for Corona virus worked March with Cara's act were productive in good faith conversations between chairman and ranking members about partisan process. Led by members. But this time the speaker in the Democrat leader had forbidden their members from negotiating at all. Minority leader. New York's Chuck Schumer says Republicans and Democrats remain far apart on a number of issues, but they're finally moving in the right direction with additional relief because Republicans could not articulated position on hardly anything. I believe we're making progress. We came closer together on several issues. Speaking on the Senate floor, Schumer says the Corona virus outbreak has washed over this country like a great flood. And Republicans, he says, are acting like we need to fix a leaky faucet
Washington, DC's police reform commission to review police discipline and the role of police officers in public schools
"Commission from teachers to professors, civil rights groups and mental health professionals. The D. C. Police Reform Commission's mandate covers several areas. Council Chairman Phil Mendelson says the appointees will explore things like police officers assigned to public schools, other ways to respond to police calls and involved behavioral and social service experts. A review of police officer discipline and injecting other conflict resolution methods that officers can practice the commission's formation part of recently approved emergency legislation that band police choke holds and the use of tear gas and rubber bullets on protesters. Ken Duffy w
Trump fires TVA chair, cites hiring of foreign workers
"The president today, firing the chair of the Tennessee Valley Authority, the TV a criticizing the federally owned corporation for hiring foreign Workers. President Trump telling reporters at the White House that he was formally removing the chair Skip Thompson and another member of the board, and he threatened to remove other board members if they continue to hire foreign labor. By the way, Thompson was appointed by President Trump as background. The TV A is a federally owned corporation created back in 1933 to provide flood control, electricity and economic development to the Tennessee Valley. That was a region it was hit especially hard during the Great Depression. It covers not only most of Tennessee but also parts of Alabama, Mississippi in Kentucky, as well. A small sections of Georgia, North Carolina and even parts of Virginia. The president is also calling on the CEO to be fired, claiming his $8 million your salary should be closer to $500,000. Informally removing the chairman of the board James Thompson and board member Richard Hold. If the TV a does not move swiftly to reverse their decision to re hire their workers, then more board members will be relieved. We have the absolute right to remove board members on the board makes a decision. I don't make that decision I saw there was an ad on television talking about the amount of money that the chairman makes, and it's a ridiculous amount of money, but we have the right Replace the board and the board is the one the only ones that get the right to then hire a new person. Furthermore, the board must immediately hired that new CEO who puts the interests of American workers. First, the current CEO Jeff Li, Ash is ridiculously overpaid. He earns $8 million a year. Did you know that he's the highest paid government official of any country anywhere in the world? I don't know that Gollum officially a government. It might be a public private. Maybe something is a long time ago, It was established Tennessee Valley, but he gets $8 million a year. So that was just a succession of deep swap things happening on DH. It's a disgrace, but he gets $8 million per year on DH. I can think of about almost 100% of the people I know would take that job and not a very hard job. Not a lot of debt, not a lot of anything, right public services just at those who take these jobs must be focused on the public. Good not on personal profit. He would have taken the job for millions and millions of dollars less. But nobody asked him to do that. Okay, would have gone for less. You could have had him for forming in 15,000,001 million, probably 500,000 year. The new CEO must be paid no more than $500,000 a year, which is still a significant amount more than the president of the United States makes That from the president on the Tennessee Valley Authority again, which was first organized back in 1933 at the start of the FDR
Coronavirus Impact on the Food Industry: Cameron Mitchell Restaurants CEO
"Joining us right now on the topic of small business and what he's seeing is Cameron Mitchell. He's the founder and CEO of Cameron Mitchell Restaurants, which owns nearly sixty establishments across the United States and Cameron. It's great to see you. It's been a while since we've spoken good morning break plagiary back with you today. So. The first time we talked to you was in the midst of the shutdown when all of your restaurants had been closed down and you laid out a plan for what you were hoping to see. Two weeks ago on March third, I was in Washington DC to meet with my bankers and I expressed them what a great start year we had were up seven percent same store sales record profitability for the first two months of the year. This was March third tomorrow I believe March Eighteenth we will be completely shut down I laid off forty, two hundred people on Monday. The last time we talked to you things we're looking pretty good business was was back and was booming. I think we're going to survive, but it's going to be a while before we get to the hospital we expect to be open in hopefully back to full employment by the end of June or into or end of July somewhere in that neighborhood. So what's happening right now? The best way equate it to is we're in a hurricane in the first. Landfall, the hurricane was back in March fifteenth and. It was is detrimental as it was terrible. It's was We end up getting the money and we're able to get out and get open and it was a lifeline. We would not be here today if it wasn't for the original P P P loan and June came and sales, we're doing pretty good. We're about seventy five percent of last year sales were feeling very optimistic and and when I came to realize is we are really just in the eye of the storm and then July the beginning July head and and the case counts rising. Across the country and met, metropolitan. Areas Rolling back opening guidelines and in further restrictions on our business and sales fell down to now fifty percent of last year and that is just not sustainable. So here we are today you know August second and I feel just as nervous about the future as I did back in the beginning of March when Corona virus was coming over the horizon. So we're looking for a second round of P P P to help us get through the other side and and help us sustain for the future so. And the thing that we're hearing mostly Congress is about the stimulus checks, the unemployment but there are thousands and thousands of businesses like ours out there in the country they're hurting terribly at fifty percent decline a forty percent decline sales we cannot survive. We're losing between five, hundred thousand and a million dollars a month, and we need the additional P P P dolorous in a in a terrible way and you know the the curb puzzle is for a two million dollar cap on that which. last time was ten million dollars and so for a company like ours and many others that reduction of eight million dollars just when we need it, the most is is very difficult for us. Camera now is the decline in your business coming mostly because states or local municipalities have have forced you to not open as much into close things down or much of the decline is coming from people who Are, afraid to go out what and how would you measure that a difference while it's both clearly when you have a reduction in capacity from use spell. Example Beverly Hills we were closed all restaurants California closed for indoor. New York City we were not allowed to open our whole restaurant that was just for the Patio Philadelphia. We're not allowed to open that was got rolled back from August I now to September first. So some of our businesses are not even open yet So but the main driver of that reduction of sales is the increase case cow corona virus around the country and people becoming more and more nervous about going to restaurants even though there's no science dates that that says inherently restaurants, Kobe case outbreaks, her Dr Been Driven by restaurants seating. Indoor and outdoor see. Cameron. What? What are you doing in terms of your relationship with your landlords? particularly in some of those places, the restaurants haven't even reopened yet. Are you getting any forgiveness or any easing of things from them? Well, that's the thing becky you know we had almost all of our landlords help out in some way or another not all but some or most they should say, but that money is just a simple deferral that's So we have an additional three, million dollars we got deferred in. April May and June but that money has to be paid back over various schedules over the next two years. That's just additional debt on the balance sheet, and we come out of this without P P p. one of the things cameras restaurants we built three or four restaurants a year, and if we're saddled with millions of dollars debt if and when we get out of this I don't see a building an aiding the economic rebound in the country in Twenty One and twenty two point further were saddled with all this debt. What have you heard from the the senators you've spoken with on this? I've spoken. Personally to both are centers in the state of Ohio and. They understand our plate and and but I, think they're. All. The negotiation right now over the six hundred, a week stimulus for unemployment benefits. So I don't think it's getting much attention that it needs right now and I hope by the time we get this bill and some sort of agreement between both parties on this bill that we can get this P P P round two stimulus, which has one hundred and ninety billion dollars earmarked for it, which should be more than enough for these companies passed the stress test that show they actually needed. To keep with the original PCP levels P P one camera I want to thank you for the update We we have to check in with you again soon, but we appreciate your time and wish you good
Microsoft, TikTok officials in White House talks to prevent total ban
"Tiktok is a short form video social media platform, extremely popular with Gen, Z. and millennials during the global pandemic the APP outpaced instagram in of download eating the two billion mark back in April. If you know any teens or adults lockdown and board, you're probably familiar with the platform. Tick Tock has over two hundred, million users us but it's owned by Chinese company Bite Dance, which is where most of the political drama begins United States Secretary of State. Mike Pompeo has consistently voiced concerns about the APPS ties to the Chinese government back in July he lumped Tiktok in with wall way in terms of national security. We are now evaluating each instance where we believe that US citizens data that they have on their phones or in their system or in their healthcare records. We want to make sure that the Chinese Communist Party doesn't have a way to easily access that president trump this weekend suggested banning the APP in the US. We're looking at Tick Tock we may be banning talk. We may be doing some other things that are a couple of options. And Treasury Secretary Steven Mnuchin has confirmed that the department's Committee on foreign. In. The US is reviewing tiktok citing. National. Security concerns, he spoke to ABC over the weekend. I do chair Syfy, which is the committee on Foreign Investment on the United States I've said publicly that it's under review I will say publicly that the entire committee agrees that Tiktok cannot stay in the current format exit risks sending back information on a hundred million Americans. Amid, Washington's focus on national security Microsoft announced that it made by tick tock or at least part of it. Over the weekend the tech giant confirmed that it's in talks to acquire the tick Tock Business in Iraq Canada, Australia, and New Zealand and then it's working with the government deal.
The great broadband divide: Living without high-speed internet access
"Austin, Texas, So many kids weren't online last semester, but the school system had to print and male 40,000 homework packets a week. They resorted to fill in school buses with portable WiFi hot spots and parking them near apartment complexes where a lot of people have no broadband service. Now, you might say Austin shining star of high Tech American cities. According to geese own Austin illustrates the biggest broadband problem of all the vast majority of Americans who don't have broadband Internet access is because they can't afford it because the price is too high. And sure enough, the U. S. Has the third most expensive broadband Internet in the developed world. Mostly because there's not much competition. It's just a money problem and not a problem of putting wires in the ground. We should be complaining about both the lack of actual network infrastructure. In many places, but also the cost. The thing is, we fix problems like this before. In 1930 for only 11% of rural Americans had electricity. President Franklin Roosevelt created the rural Electrification Administration. New lines going up almost everywhere. At the rate of 500 miles a day, and within 20 years, 90% of those homes had cheap, reliable electricity. Now. Over the years, the government has come up with a basket of programs designed to help with Internet affordability and accessibility. Unfortunately, sewn says they haven't always worked as designed. The FCC has now for well over a decade paid out tens of billions of dollars to rule broadband companies to build Internet access. In places where there isn't any And the fact of the matter is is that the government has gotten a very, very poor return on its investment. This FCC and I'll even say you know, the FCC that I work for has not done a very good job of demanding that these companies tell us what they've actually built with the money they've gotten. This is not making the FCC looked too good. I don't think it's incompetence. I think part of it is resource is you know the the FCC staff has shrunk enormously. In the last decade or so, where to tell the truth, the whole truth and nothing but the FCC chairman a Jeep. I declined our request for an interview. But in a written response, the FCC says We ensure efficient cost effective spending on subsidies for rural broadband. Earlier this year, Congress passed a law requiring the FCC to improve the way it measures Internet access. But the FCC says that nothing will happen unless Congress also pays for it. The FCC simply does not have the $65 million we need to start the process and implement that law through its first year. Meanwhile, the agency is promoting new technologies like five g, cellular and low earth orbit satellites that might address our broadband problems someday. But for now, most seem to agree on one thing. Especially these days, the Internet should be considered a necessity.
DHS official removed from post amid reports his office compiled intel on journalists
"House Intelligence Committee chairman Adam Schiff says his panel has been conducting an investigation into the Homeland Security Department's top intelligence official Sheriff released a statement this weekend following media reports and Sadie HS has reassigned Brian Murphy. Following words at his office, I created intelligence reports on journalists and protesters in
Congressman Raúl Grijalva tests positive for coronavirus
"Chairman of the House Natural Resources Committee, has tested positive for Corona virus, days after he sat close to Texas Congressman Louis Gohmert, who has the disease. Democratic representative Raul Grijalva. Is at least the 11th member of Congress to contract Corona virus,
Congressman Raúl Grijalva tests positive for coronavirus
"The chairman of the House Natural Resources Committee, has tested positive for Corona virus, days after he sat close to Texas Congressman Louis Gohmert, who has the disease. Democratic representative Raul Grijalva. Is at least the 11th member of Congress to contract Corona
Atlanta - 260 at Georgia overnight camp test positive for coronavirus, CDC says
"We see from the New York Times, a story in the New York Times that over-confidence is that work in Georgia where we see as you see there, the coronavirus infected hundreds at a Georgia summer camps, the Staff and councillors gathered at the overnight camp in late June within a week. Of the Camp Orientation, a teenage counselor developed chills and went home the camp which the did not started sending campus home the next day and shut down for a few a few days later by then seventy six percent of the three, hundred, forty, four campers and staffers whose test results were available to CDC researchers had been infected with the virus nearly half the camp.
House Antitrust Subcommittee Takes Testimony From Big Tech CEOs
"As low as four dollars. Ninety nine cents a month stay tuned after the show to learn about their special offer just for talking tech listeners. So when you're asked to meet with elected officials via teleconference in Washington. DC along with your key competitors and you don't get too many questions. It's a given that you had a really really good week. And when you followed up the next day with a stunning earnings release that had one analysts say that his jaw dropped when he read the numbers while there's no question that apple CEO Tim, Cook clearly had the best week in Tech. His compatriots among the big tech CEOS like facebook's mark. Zuckerberg Google's Sundar Pichai, and Amazon's Jeff Bezos did not fare as well in DC. Now, in case you missed it. Let's breakdown for you what happened this week and begin by setting the scene facebook Google apple and Amazon CEOS recall to Capitol Hill for the first time in unison to defend themselves. Against antitrust charges and they followed it up the next day with earnings reports all on the same day or a mind boggling two hundred billion dollars combined worth of revenues in just one quarter. That's a little less than half of what America's largest company Walmart brought in for all of two thousand nineteen for the record that was five, hundred, twenty, four, billion. Now during a pandemic, when many people are forced to work or learn from home consumers responded by buying lots of new computers, ipads, and iphones from apple and a whole lot of everything from Amazon at a time when many retail stores were closed in this testimony to Congress bezos described it as like Christmas in March for the company which struggle to keep up with demand meanwhile. Google. Reported a two percent drop in revenues incidents. Advertising business was impacted too fragile economy. While facebook, which is also primarily in advertising business reported higher revenues but. With a lower increase than usual, which brings us back to cook. When you're asked to appear before Congress and defend your company, you're a loser when you walk into that environment says Jean Monster in investor analyst with Luke ventures a good day he adds is escaping from major blows like Tim Cook did cook was asked about how apple treats APP developers in place favorites at its APP store where the company clearly controls what consumers can see with ironclad enforcement. Apple gets to decide who can participate and can band people at will as it did recently with the alternative email service hey, which was initially rejected by apple cooks defense. It's all in keeping up with the quality of the store in that putting APPs in front of iphone users that invade their privacy and the like. But in the realm of antitrust government decreed that apple ditch the APP store, it's a tiny portion of its business worth less than five. And wouldn't impact apple says monster. What could happen to the other companies if they had to divest will you can see facebook ditching instagram and WHATSAPP apple ditching aws, which is its web services it was basically the backbone of many companies. It provides Internet services for many companies like Netflix men for Google maybe say goodbye YouTube. Google calendar. Google maps who knows meanwhile the chairman of the antitrust subcommittee said
Dr Fauci grilled on virus spread during protests
"Kim Jordan questioning Dr Fauci today on Capitol Hill. Listen here now recognizes for five minutes, Mr Jordan. Thank Mr Chairman, Dr. Fell to do protest increased the spread of the virus. Protest increased the spread of the virus. I think I could make a general statement by half a 1,000,000 protesters on on June June 6th 6th when when I'm I'm just just asking asking that that number number of of people people doesn't doesn't increase increase the the spread spread of of Iraq Iraq crowding. crowding. Together, Together, particularly particularly when when you're you're not not wearing wearing a a masked masked contributes contributes to to the the spread spread of of the the virus virus should be limit. The protesting I'm not sure. What do you make should How do we say Limit the protesting your government limit. The protesting I don't think that's relevant to. Well, you just said if it increases the spread of the virus, I'm just asking should be limited. Well, I'm not in a position to determine what the government could do in a forceful way. While you make all kinds of recommendation. You make comments on dating on baseball and everything you can imagine. I'm just asking. You just said protest increased to spread. I'm just asking. Should we try to limit the project? I think I would leave that to people who have more of a position to do that. I can tell you government stopped people from going to church Doctor Falke. Yeah. Last week in the Calvary Chapel Case. Five liberals on the Supreme Court said it was okay for Nevada to limit church services. 100. I mean, justice, Gorsuch said it best, he said. There's no there's no world in which the Constitution permissive added a favor Caesar's palace over Calvary Chapel I'm just asking. Is there a world where the Constitution says you can favor one First Amendment Liberty? Protesting over another practicing your faith. I'm not favoring anybody over anybody. I'm just making a statement. That's a broad statement that avoid crowds of any type. No matter where you are, or what he wants him to say is is insane. Do not You know, stop a protest for the code crisis because you stop people going to church?
Big tech CEOs testify before Congress
"So, this hearing just going to say it, it was six hours of chaos. So. So many things like individual moments of pure chaos happened this hearing. But because every member of Congress was only given five minutes to ask the questions in and they moved on, no one could process the moments of cash. So here are some things that happened during this hearing. Jeff. bezos just started eating nuts on his call. That was just a thing that you started snacking for the first ninety minutes. It appears that basis had tech issues was operating in some kind of delay. So we didn't hear from him. They just answer any questions and they'd take a ten minute break Jeff. bezos could fix his computer. Amazing. Jim Jordan, who McKenna pointed out. On the show last week is always sort of chaos element. Try to talk over several members of Congress got yelled to put his mass back on floated. Just elaborate conspiracy theories. was when I say was chaos I. Don't know if there's any other way to describe it. I. Think that led a lot of people to think the hearing itself didn't accomplish its goals, but I think in many ways it did. But Kennedy you WanNa Kinda go through what the committee was trying to accomplish the themes they were pointed at in. How hearing played out, right. So okay. First off. Harkening back to last week I mentioned Jim. Jordan's mountain dew obsession. Definitely drink a handful those throughout the hearing I took notes in screen shots. So, I, called it. But regardless of their pores soda choices, there were a lot of lawmakers who definitely did their homework and I think that was really apparent throughout the entire hearing and when I look at. The picture that they tried to paint I think that became really clear in chairman Sicily's opening statements. So this is the guy who liked. And spearheaded the entire investigation from the beginning, and in those opening statements, he pointed out that yeah Apple Amazon Google facebook. There are different in a lot of ways and they exhibit anticompetitive behaviors potentially allegedly and a lot of different ways. But what they tried to pull together and was a story, and it's really hard to tell a story and five minute fragments. But what happened yesterday was Sicily. Ni, and a lot of the Democrats on the Committee wanted to point out that these companies they become bottlenecks for distribution whether that's information or just like APP stores marketplace's they control what gets distributed in how what was really key to the investigation was how? How they survey competitors. If you have so much control dominance over a market or a specific part of the tech industry, you have a lot of insight into your competitors and you can do a lot of dangerous things with that, and then lastly, after that dominance has gained, it's how they abuse it. Right? How they abuse it to make harder for small businesses in competitors and I think that's exactly what Cellini pointed out in the beginning and I think they did a poor job that storytelling throughout the process. But I think that's also our job. Right is to pull that evidence together and tell that story for them in a way that isn't like. Yes, no yelling at CEOS and like stopping them and I think by getting that in the evidentiary record doing all this questioning, I think they really did achieve their goal in the end. Yeah. I mean, I think the thing that happened sort of next to the hearing was that they released a bunch of documents from these one point, three, million documents of clutch. Over the past year, they released pretty targeted selection documents for every company showing some of this stuff, Casey, I wrote a story about. facebook. INSTAGRAM. My I'm going to frame this email or mark Zuckerberg. Literally one sentence, no period. The Andrew says I need to figure out. I'M GONNA buy instagram like I would love to just be in a place were sending that email like super casually like I got this thing to figure out and it's not like am I gonNa buy the model of the car. It's like instagram. I've been thinking of the text messages where so and so says that Mark Zuckerberg's didn't go destroy mode on instagram ever since they got that up. Case she this to Kevin and right that text was. Yes. Well, it was Kevin. System was talking to an investor and Kevin said to the investor. If we don't sell well, mark, go into destroy mode on us and the investor side probably. Of course, stray casual. So there's just a lot of documents and I think one of the functions of hearing was to get those documents into the official congressional record to make the CEO's account for them. That did not seem very successful to me. Is like a takeaway people should have from this hearing, right? No. I think a lot of people that go into these hearings are expecting like these big Gotcha moments and expecting like a lot of news and all this stuff. But it really, it wasn't oversight hearing. You know it wasn't. They didn't come. They came at this like in a report last earlier this week that they came out at as investigators. They didn't come at it to make a big show horse and pony show out of it, and yet I think the CEO's didn't. The record well enough to the extent that they could have. But there was definitely, I was expecting them to do a lot less evasion and I expected a lot less room probation with the documents, but it's just the process of a Congressional hearing. It's. It's hard to do that in a congressional hearing. But if you put those documents out there, you get the CEO's on the record a little bit who does excite this excites the FTC. J, and that's who can take this next and then it's also congress. You know they can't break up a tech company, but they can regulate going forward and it's those three key themes that I pointed out earlier that they could regulate. You know what I mean. They could legislate to forbid companies from surveying competitors and things like that, and that's where this goes. So the format of the hearing, every member and five minute chunks, it seemed very clear that the Democrats had some sort of coordinated evidentiary strategy, they would start and. And they would say, I, want to read this email to you. What did you mean by this email and then Jeff bezos would say something like I have. No idea is on works. I. Was real pattern that developed was basis really not doing or claiming he definitely knows claiming not really no way Wayne is under the thing they did or they would ask sooner Pichai about the very granular add deal google made by an ad product, and soon I, would say I'll get back to you, which is basically all responses. So the Democrats seemed like they were coordinated to move through their documents. The Republicans seem to be doing something else that also seem coordinated intentional, but what was their focus because that seemed clear split my takeaway from Jim Jordan who? We got into earlier, he he was interviewing. As if they were all Jack Dorsey. And as we talked about like, yeah, he invited Jack Dorsey to testify, but he doesn't sit on the antidote subcommittees. Anything. He says, it just doesn't matter. So it sounded to me as if he prepared questions Jack Dorsey and then it was like, oh, he's not coming I'll ask Tim Cook the same questions. Another completely crazy moment that happened just seen by and five minute chunks is that. Represented Sensenbrenner from Wisconsin Dear Sweet Wisconsin. Definitely. Asked Mark Zuckerberg why the Donald Junior was banned from twitter and mark. Zuckerberg was happening on twitter facebook and there was just like a moment of confused silence, and then he tried to move on and that just sort of floated by in the river of chaos to tell you how much chaos there was kneeling. When you started to tell that story, I thought you were going to tell the story about when Jim Jordan asked him cook if the famous one, thousand, nine, hundred, four, Apple Super Bowl, AD was actually about twenty twenty cancel culture, which is another thing that really happened. I think that's out of context. He didn't ask him. He said clearly, this is. That's definitely what Steve Jobs was thinking IBM is canceled culture and Apple's going to break it with hammer and Jeff. Bezos said that social media is a nuance destruction machine and all this crazy stuff from that. It was a wild will that that particular question when Jim Jordan asked, do you support the cancel culture mov, you could see the CEOS like. 'cause they went in order. He asks them all in order. So First Tim Cook just like basically muttered nothing. Here's like I don't. I support speech whatever. The iphone a keyboard like that was his answer. Sooner per child also, just like muttered, right? He's like Google has always supported free expression Zuckerberg like saw the opportunity and took it and the forces of liberalism I rising I, and then basis was like I cannot. I cannot do in like went for it, and that was just totally insane moment. But it also seems like the Republicans were intentional to try to create their own moments where they were yelling at CEOS about bias on platforms is obviously something cover a. At. You were paying a lot of attention that case you're paying a lot of attention to it. Do you think that was effective in creating because you know there's like a parallel conservative Universe Jim? Jordan was on Tucker. Carlson. Last night like was that effective or d think that the CEO's were able to sort of tamp down on interesting the Tucker Carlson pointed out that Google and other companies are all big donors to Jim Jordan another folks. So that is a weird side, but I think it was actually besides the moment where they mixed up twitter with facebook I. Think this was much more effective off. Off Topic yelling about technology than we usually see like are genuinely issues that like they are upset about that, they could point to largely around like cove nineteen misinformation and they could at least like pick those topics and stick to them rather than kind of asking vague questions about like, why is my phone listening to me? Well, they're definitely asked questions about why are my campaign emails getting filtered by G mail? Yes. I should. I should mention that they have really and they have all of these cases where they ask about extremely specific one off incidents that anyone who has used social media knows happens constantly. And, then turn them into a sinister pattern. But I think they managed to come off as sounding more like they understood what they were talking about the unusual. I think that was a real theme of the hearing, Casey. What did you think of this sort of bias side show that occurred? Well, I mean the the idea that conservative voices are being suppressed is foundational to the conservative movement and is behind the rise of conservative talk radio. It was behind the rise of Fox News. Now that social media exists, we have seen it in this new form, but it is sort of being presented as extra, sinister and worthy of. Some sort of legislative intervention what frustrates me about it is that much more than newspapers or or cable news like Mark Zuckerberg Dorsey. These people benefit hugely from having all possible voices on their platform. None of them is incentivized to drive conservatives off their platform. What they are incentivized to do is have rules that make the place safe and welcoming. So that people want to hang out there and so to the extent that there are issues on the platform, they've largely come because these platforms have rules. And you know you would think that a bunch of free marketeers would realize that the alternative to the system that they're so mad about would be creating a new system, but they don't seem at all interested in doing that. So I just sort of dismissed all of them as charlatans I actually thought it was interesting that the opposite track came up, which was the Stop Hey for profit campaign I kind of wasn't expecting that. The representative Raskin I believe asked facebook. Basically, why aren't you kicking more hate speech off. I forget who else asked like look is the point that you're so big. You don't care about advertiser boycotts I. Mean, you know it will here. Here is a fact that the number one complaint that facebook gets from its users, the thing that users. About. FACEBOOK is that it removes too much content and so if you're running the place, you do have to take these complaints seriously in a way. Right? It might not be you know that you shadow band conservative whatever that even means on social network in twenty twenty. But the fact that you're removing content is really upsetting people. So you can't dismiss that idea entirely, but I still don't feel like we're having that intellectually honest conversation about it. So this was definitely I feel like you can connect the you control distribution. We're GONNA show the abuses of power narrative. We got other. Democrats. With the you control distribution. You're banning conservatives right like I. Think what's Sensenbrenner Again, cups and conservatives are consumers to is that people don't realize that like fifty percent of the population in many ways. But facebook has like famous conservatives working its highest levels Kevin. We last week, we're talking about Kevin Roose keeps sharing the list. List of the most engaged content from crowd tangle. It's all conservative content, and that's so problematic for facebook that they're. They're pushing back with other metrics and graphs of their own, making the facts just aren't there, but it doesn't seem to be convincing. Brett Kevin is being asked to recuse himself from facebook case because he's like best friends with facebook I, AP I wrote a column almost two years ago. Now, arguing that conservatives were trying to redefine. Any conservative identified person having any unwanted outcome on a social network, right? So bias is your name was higher than mine in search results. Bias is used suggested that I follow a Democrat and not a Republican right, and if you take action on your policies that apply to everyone against me a conservative that is biased against conservatives, right. So and by the way I have to say this has been hugely successful because we've talked about it. How many minutes now and the longer that these discussions. Discussions. Go on. They just sort of refi people's minds. The idea that there really is a vast conspiracy to silence conservative speech because he's networks are so big millions of conservatives are having experiences like this every day, and now there is an ideology that is basically a religion for them to attach to, which is although Silicon Valley liberals are out to get. Reason I wanted to talk about the conservative side show, which in many ways was a circus is it feels like the notion that we should be punitive to the companies or mad at the company's. Bipartisan, right we were. We were not looking at a hearing where the Democrats were on the attack. Republicans are saying we love. Apple. We're looking at hearing where they were. Everyone was mad. There are a couple of exceptions to that. There were a couple of I think sensenbrenner and a few other folks were like look we want to be clear. Big is not bad. We just WANNA make sure we're not punishing you for your success, but you were like almost entirely, right? Yeah. I. Mean I. think that's it's important to. To capture that mood like Jeff Bezos Mark Zuckerberg, Tim, Cook soon. Darpa, try they usually get to finish whatever sentence they start saying. Right. They're not used to being interrupted. Their thoughts are usually like you know they get to live in complete sentences and people take them seriously here in five in intervals, they were interrupted almost every time they started speaking to be told that they were wrong that they were filibuster at one point Sicily said stop thinking is for the questions. We can just assume they're all good questions. They. Were getting yelled at and they're going yell that about a variety of things that were pretty specific. So you kind of in your kind of structure here. The first one was controlling distribution. What did you hear as a hearing went on the indicated to that? The committee had a case here? I think the apple's APP store is one thing you know charging thirty percent cuts on certain things is just controlling an APP store. It's the same thing with Amazon's marketplace. They can inherently in control what gets placed and what gets sold and you know if they want to play with search results on Amazon, they can do that, and then on facebook and Google, it's not just like products and software that's information. And it could be information when it's like Google. Google. Stealing yelps, texture views right in putting those in its little info boxes in search queries in facebook if facebook is just like an. Mation, distribution platform and. It can decide Algorithm Mickley. Knowingly. What people get to see this bution was very keen to the committee's hearing yesterday and they pointed out different aspects in which you know each company exhibited that kind of behavior. So the one that will you bring up apple? We wrote about this, say there's much emails. Apples document production is just one hundred and thirty pages of unrelated emails and whatever order see it's like scan through it. So there's a lot of little stories in there. There's one about right to repair and apple realizing it needed to repair. By watching PR people operate by reading their emails journalists. Very entertaining. They're like we had a break like here's our strategy. Here's we're GONNA. That's all in there. You can look at it, but there's a lot about the APP store itself and how they're going to use the mechanics of the APP store to control their platform, and it started at the beginning like the first emails in this production from twenty, ten there. From Phil, Schiller Steve Jobs saying, are we GONNA? Let Amazon Sell Books in the kindle store. Store, it felt like I saw an Amazon ad was hard to watch this hard to watch this ad where a person's reading a book on an iphone in the kindle APP in the pick up an android phone keep reading. He's like literally like it was hard to watch like Schiller's at home like pain what a customer is having an experience that good it really just. Heart and so he's like it was hard to watch. You fours Steve Jobs. They're like we gotta shut it down jobs is the bookstore will be the only bookstore on the APP. Store. That's the way it's going to be everyone's gotta used to it. We know that restricting payments will hurt other things, but that's what we're doing and they started there in two thousand ten and they pulled it out, and then that ladders up into everything that we've seen with, hey, ladders up into the analysis group showing up to. Apple, can pay them to say that there's independent study has revealed. Everybody has a thirty percent cut. It has landed up into Tim Cook, forwarding. He gets a letters from developers that are in this direction. It's like apples breaking my heart and he just like Ford's it. Tim, Cook forwards that email to filter credit eighty, just as thoughts like amazing like they are constantly thinking about the APP store as a mechanism of control for the platform in the leverage and other deals. So the other one was apple is this Amazon one which I have very mixed feelings on saying that this is bad or legal I'm curious for all of your thoughts famously. Did, not have the prime video APP on the Apple TV and all these other places apple, Amazon came to a deal. There's an entire presentation in this production like the slide deck of how the deal is going to work. Apple got to be the preferred seller of its own product. So third parties cancel. Apple. Products, Amazon pages, they got. They have a custom by flow. They've custom product pages, all the stuff in return. Amazon got a lower commission on the APP store and gets to Selatan products which no. No like you can rent a movie from the Amazon APP on the Apple TV, no one else gets to it in one world. This is just pure platform collision, right? Apple cut VIP deal for big companies because it wanted something and you could say this is legal in another world. It's like this is how deals work apple something valuable. Amazon s something valuable and they came to a conclusion wherever made more money and quite frankly the consumer experience platform has got better. How do you read that? Casey? That is good and fair analysis of it. I. Think I did read slightly more scandalous. Tones into it in part because apple would never acknowledge that some developers are more important to it than others even though if you assume that that's true, I think maybe one of the things that's frustrating about it is there is no transparency accountability around which developers get sweetheart deals is that once you hit a certain threshold of revenue will cut your price. Why couldn't they extend that deal to everyone right? Or is it just if we withhold something that seems particularly valuable, we can eventually drag you to the table. Table, which is sort of what seems like happened here. I think in all cases, what I'm always looking for is the accountability, right like and some sense of of equitable treatment of developers and I understand the guys are always going to get the best treatment, but it can that be publicly visible. Can it be acknowledged and there'd be routes for others to achieve that same level of success and treatment, and that I'll just seems missing here. Did you buy Tim Co? He said it twice. It was obviously A. Glimmer, of sympathy for all four CEOS. There is a lot of reporting that they had spent months preparing for this hearing like being grilled there, they'd hire outside law firms. They. Practiced they all clearly had soundbites memorized in none of them. Got To say him because it kept getting interrupted. Tim Cook had this one where he is like if we're the gatekeepers, the gates are open wider than ever. We've gone from five hundred. APPS to one point seven, he said like. A whole speech. and. The thing is there's fierce competition for developers. They don't like our store can do for android the windows. For xbox and PS. Four. Which I was like the idea that adobe is going to be like we don't want to be on the IPAD. Here's PS. Four Photoshop is insanity to me. I'm going to build a spreadsheet. APP. For the five. That's how frustrated with Tim Cook. To that ring. True to you I. Mean, there's no, it does not ring true. There is a, there is a duopoly. In the United States when it comes to smartphones, iphones have majority share in the United States and you can't say, well, you know there's there's a rogue fork of android in Malaysia that you could go develop for if you really wanted to and have that come across as a credible argument to Americans. Right it is. Natural for any monopolist to spend most of its time, arguing that it is much smaller and much less consequential as as you think it is and they're essentially always asking you to ignore what is in front of your face, which is that they are the giant. They are in control. What they say goes, and it doesn't matter which small businesses get hurt along the. The. Way I would point out that the contact and we're gonNA talk about earnings eventually. But the context for that is apple had its biggest third quarter ever this month, their revenues went up eleven percent year over year, they're making obviously making billions of dollars in their services revenue, which is a lot of the narrative around the APP stores increasing that services line. Also went up. I think it was thirteen billion. So you're right. They're very big in their earnings the day after the hearing did nothing. To reduce that impression. I want to switch to Amazon a little bit McKenna. You really focused Amazon was basis first time up there. They came at him a lot about marketplace. How did you think that went I think it went pretty good. I. Think. John Paul specifically was just like killer her questions with breakout star. Yeah. She was just like killer and she's the representative for. SEATTLE. So this is where Amazon is right. So she just like killed it and. And I think there were a couple of instances in the documents and in questioning yesterday that really pulled important things out there was like testimony from one bookseller who was like, yeah. We just can't sell a category of books and we don't know why Amazon doesn't let us do that just like testimony like that or even when it comes to like acquisitions, the ring acquisition especially, I wrote about that today through the documents and how. They said, this is for market position. This is a for technology, your talent or anything. We just bought this and that's something that base said again, yesterday he was just very clear. It's like, yeah, we do buy things market position, which is like so insane just here like the richest person in the world. But like, yeah, we're buying market position. It's just what happens. That's another one I have mixed feelings right, and by the way, people should read McKenna story because those documents have just a very funny breakdown like the pros and cons of buying. Buying ring in many of the cons like what if this turns into nest, which if you're just the verge cast listeners like it's just like the Keyword Bingo, but it's fine to say, we're buying market position like this isn't the best product out there, but it's the category of video. doorbells is not huge, right? So to by the the market leader in video doorbells is maybe the most rational use of the money. What is the problem that you think the committee was trying to show an address sense of we're just going to market position. Pointing out, they can just do whatever they want and how casual it is, and there really isn't. It's really funny to read an email like that, and we could buy it or we could just copy it or are. We could just watch. You know that was one of the emails that base from someone. Those are just three options you know and it's like just pick and choose you know. Pointed out like a lot. Just that email itself really pointed out just how easy it is for them. They used a lot of that time history to talk about copycat behaviors and to talk about just like you know buying up competitors and it just seeing that all in one little e mail having to do with the ring was like really i. think it was really kind of I opening and especially like useful for the committee. So Amazon got hit a lot for the data collection side of it of copying competitors. bezos did not seem to have great answers there. Right. So that's the. The thing they got in trouble with this. There is that Wall Street. Journal article from like April where employees were literally like, yeah. We dip into data and we use that to guide our own private label products and everybody was like Whoa and Amazon basins. Yesterday said, well, we do have a policy that bans that but giant pointed out yesterday. It's like, okay. So what's your enforcement look like you can have the policy, but like if you don't enforce it, then it's like meaningless. And then yesterday I. Think Paul was like, can you give me a yes or no answer? Do you dip into data and he's like I can't I can't give you. Yes or no, and we're just like we're looking into it. The story had anonymous sources. So that isn't very helpful to us. You know what I mean. So that was one of the main things and that Wall Street Journal article and I think it's the same kind of examples in the committee's documents. They point out specific examples like car trunk, organizers of all things. It's like weird little products like Amazon's like this is a little hot. Maybe we should do that. So I, I think. I, think they made a good case yesterday. Yesterday on that. Yeah. I mean bezos brought up that Wall Street Journal, Article himself twice, and he was like, well, your policy against it. But I can't guarantee never happened. Then there is a strange just didn't come across clear I. Think I know what the committee was trying to get at their like US aggregate seller data when there's only three sellers and then only to sellers? Yes, I. Think what they're getting at is when you're down to the aggregate data of two companies, you heard effectively looking at individual data. What is the problem? They're like the I get what you're doing. You're just reducing the denominator to get to one, but like it, why is that particular problem? Right? Well, none of these. Dipping into individual seller data and looking at aggregate data. That's not a legal. There is no law. This is all voluntary of Amazon. So they have a voluntary policy where like we can't do individual seller data, but they say nothing against aggregate and aggregate what you're getting at eight. Here you is. Does the same thing if it's just like some goofy little product they. They bring up pop stock. It's all the time before pop tops in a moment. Right? There's only like one pop. So company like you know pop soggy, it was kind of an innovative product. It's like well, if there's only two of them and use the aggregate data, you you you have everything you need to know you know about that product line looking aggregate. If that's what you decide to qualify as do you as you're looking through the other Amazon documents and other stuff. So anything jump out at you is something the committee was trying to prove or get at. The questioning seemed very focused on. Like are you using the state at a copy products? Are you buying things? You shouldn't buy. There's one question which I did not understand why came up about DMC. Take downs on twitch and Jeff as just had this look of panic in his eyes. He's like I don't know man I bought Wedge because my kids want to. Do something like that was like the side show stuff, but the real focus here, it just seemed like it was definitely in the marketplace, right? Amazon, everyone came at Amazon for the marketplace. That's what everybody knows him as like they have all these little sides. They got rain. They got Alexa Alexa was one thing too. That was kind of interesting. It's like. Are you buying things like ring to put Alexa into and dislike expand your like Titan Ism as like an Internet Internet connected home. Thing and make that more closed off and walled gardening. That was one thing. But no, it was just focusing on how much power they have to kind of change. What happens in the marketplace to kind of decide what companies in what products are able to come up on the first page of results. You know that's also something that they dug into Google and in something that one of those like themes that kind of ties everything together. We should say they all spend a lot of time talking about counterfeit goods, and why is it Amazon removed? Fake stuff from the platform and how much is it profiting off of you know selling pick rolexes? Is it surprising? The whole foods didn't show up at all they're. Like that is a really massive thing. Amazon owns that. Is it moving into a huge new product category? I think whole foods is not an online marketplace, which was the title of the hearing, not that that restricted anybody from doing anything except that, one of the things Amazon says is we have lots of competition from offline marketplaces, right? Brought up kroger a lot I mean, this is the case he's point. They all made. It seem like they were beset at any moment. They could be crushed by the likes of stop and Shop Right? Like I think the point though was really on the. Digital. Experience Consumers have and like I, don't know Ho-. Foods fits. Into that narrative, especially, because it is itself not dominant like they bought it because you needed to grow in their. Good at that at my question for you on the Amazon stuff was when you think about, we talk about two thirty a lot right like you and I in particular spent a lot time to thirty, which regulates with the platform can do with content. There's not really an equivalent of two thirty for goods on store. Right like there's some case is out there saying like you're liable for what what happens on your online store page, but Amazon doesn't have that like second order of like Messi nece around it that twitter and facebook to with two thirty, I. Mean, it gets invoked a lot for marketplace's, but it's way messier. Well, I just wanted to like this question at counterfeits question about ranking the store like they are even more free than any twitter is to to sort tweets algorithm. Algorithm clear to modern like it just their store. Do you think that they're like that Algorithm transparency? Your wire things ranked. Did you catch a sense that that's where the regulation is GonNa go. So much of the conversation around Amazon really felt like it was individuals sellers being wronged for reasons of Amazon being unresponsive or stealing. It's data. So I don't know it didn't. It didn't seem like a really big focus of the hearing, but it is a huge deal. Yeah. The, digital marketplace frame of this, which is where we have talked to. Cellini. That's where he's going right like facebook and Google very digital. They have like they don't do physical goods. Really. Apple is the APP store. It's all digital goods. Amazon is the one where it's. Front to a lot of physical things, and that is the only place where I can see this regulation needing to make some sort of like major meaningful distinction in I. Didn't see it in the hearing, but I was curious of you caught a glimmer of it. I'm not positive that they have to make a huge distinction there like depending on what they come up with because. So much of this is about their companies and whatever product they produced. The issue is more or less whether or not they're being surveilled and unfairly by targeted and crushed by that data surveillance. All right. We have gone for forty minutes. We should take a quick break. I said I wasn't going to go by company and it happens. So we should come back and talk with facebook Ango. We'll be right back. This is advertiser content. When I say utopia what comes to mind. Birds Chirping lush natural beauty dialed up and vibrant technicolor. Is it within reach. Your world world. World. explained. You are an essential part of the perfect social body. Every Body Matt Place. Everybody happy now while the peacock original series, brave new world takes place in a scientific futuristic utopia. A concept is nothing new Sir Thomas more. I introduced the theory five hundred years ago. 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These are really difficult crazy stressful times, and if you're trying to sort of cope, it could be helpful to find something that gets beyond like doom scrolling and like obsessive worried. But digs into what is really going on underneath the surface, and that's what the weeds is all about I. Matthew Yglesias. Weeds podcast here on the box meeting podcast network. This is podcast for people who really want to understand the policy debates and policy issues that shaping our world. We've seen now more than ever like how relevant policy is to our actual lives, but so much in the news isn't focused on really understanding and explaining detail way if that sounds good to you, join us for the weeds, every Tuesday and Friday to find out what's going on why matters and what we can do about it. You could download the weeds on apple spotify or wherever else you get your podcasts. Tracy. When it comes to facebook I turn to you. FACEBOOK is patience consumer of startups as what we've learned. Yeah. But you said something to me yesterday was interesting, which is everyone else's problems are forward looking and it feels like facebook's problems are actually in the past break for people explain what you mean. Yeah. So when Congress is looking at any trust with respect to these four companies for three of them, it's It's sort of about the marketplaces that their operating right now with facebook, the question is much more about should we have allowed it to buy serum? Should we have allowed it to buy WHATSAPP and most of the antitrust conversation that was around facebook yesterday was all about that. What did Mark Zuckerberg know about Instagram, and when did he know it? We wrote a story based on some documents that the house released yesterday. In which facebook has clearly identified instagram as a competitor. In at least some ways and wants to go after it and knock it off the table, and so that's kind of where the focuses their facebook and Burke did get a lot of other questions yesterday, but it tended to be much more about content moderation and things that don't have a lot to do with antitrust. So there was weird section where they asked the face. Face Research APP in the novel, Vpn? Any kind of got lost well, explain what happened and I'm curious reactions. Yeah. So facebook has a bunch of nifty tech tools to figure out what's trending which APPs or the kids using, and so that can essentially have an early warning system if it needs to consider acquiring something or more likely in these days, go out clone it. and. So Zuckerberg was asked about the way that the company uses these systems and if they are anti competitive I, think you know traditional antitrust law probably would not say copying an APP feature is anti competitive, but could lobby written in the future about it shirt I. Think the one that caught me was I mean, this is what I'm. McKenna's points from earlier is like one of the themes here is, are you so dominant that you can collect data that's unfair and then use that to crush or killer competitors, and definitely bought the Inaba VPN to do it. That's true. Now, when I've asked executives at facebook about this, what they'll say is they don't get surprised anymore. When you have three point, one billion people using your apps around the world. You know what links they're sharing, you know what they're talking about. And so you're not going to need some kind of specialized tool to know that WHATSAPP is really taking off. Right. So they would argue that, yes, these tools were useful to them, but you know at their scale, they know what's popular now, which doesn't really seem like addresses, the problem is reached. The fact that we're so big that we're all knowing is maybe not the defense that they sometimes presented as so here's what I didn't get. I thought, Zuckerberg I want to the instagram. What's about who's issues, but on the facebook research front, the data front, they him about this APP facebook research, which you were giving to teens. They were deploying with an enterprise certificate that story broke apple revoke the certificate, and all of facebook's internal APPs went dark, and this is a scandal story after story about it, they went on for two days. So I can I, don't recall that APP? Just how he you know, he remembers the day that all facebook's internal APPS went down and people couldn't go to the cafeteria. I would agree I found that answer. Extremely, ed? Persuasive. that. Do you think that was like actually strategic for him to be like, I, don't know and then come back later and correct the record I do remember when that happened I. Mean. I really don't know I mean also you know during a six hour hearing, it's also possible that you just you get flustered or you miss here something or or something because. Yeah. As as you say, I'm sure he remembers the day that apple turned off their internal APPS I mean. Honestly. Seems like an opportunity to talk about apple's market power, and the fact that you know a day of work canceled at facebook because apple got mad. But I think most of the CEO's didn't go into yesterday a wanted to pick fights with each other. It was kind of sad that they didn't. I was Kinda hoping that Tim Cook take a shot at soccer burger. Point that the other two APP platforms I was expecting it. It was there. It was. There was all there. So cellini ended and he ended the whole meeting with closing statement. He said, some of these companies didn't get broken out. They all need to get regulated in the off too much power that some of them I. don't these breaking up apple. What sort of break. Right like. The division get sent into the corner thing about what it's done. Right. Does should spin out the finder team I've always wanted to. A clean is always that they want to. They want the APP store to be separate from the IPHONE. Basically, that's the thing I always hear. Can't break I. Think you can write some strong regulations but not playing you're on store, right. But like Elizabeth Warren's point was it's cleaner if it's two companies, but it's still a gigantic remedy that I don't think there's a lot of like like consumer or public opinion is going to walk into an Apple Cup I think you'll radio at marketplace. It seems very clear that we says some of them she broken up he is talking about facebook. I have a twenty percent conference level. He might be talking with Google and Youtube as well. But if he's going to say some of the need to get broken up like it's facebook, did you hear anything yesterday that supported that conclusion or Saudi stocks I? MEAN HE I don't remember which Republican it was, but he was like the Obama FTC looked at this and they said it was minding love. Obama. Right. Like. Why would we go back in time to relook at I? Mean, there is a belief and I mean. Somebody who thinks there could be a lot of benefit in instagram and WHATSAPP being different companies from facebook. And the reason you ask. So many questions about that acquisition as you're making the case that it never should have been approved in the first place, and so now you need to remedy it. So that was actually like the entire thrust of the argument against facebook yesterday. I think, you could probably make just as good a case that Amazon after spin out aws, but lawmakers chose not to make that case. Yeah. I think that also gets into. Politics of the acquisition of the time. To his credit is like nobody knew instagram would actually be a success like we made it a success. It didn't happen by itself. I, don't know if the lawmakers. By award, these guys said, but I don't know that he actually made that case very persuasively. and. Who knows I mean? That's like anything could have happened. Right? Cram could've stayed independent and rapidly grown and overtaken facebook like that's something that could have happened. It could have kind settled into a middle zone like snapchat or twitter seems more likely to me although I think probably would have been bigger than those two but. You're never going to know I mean it is true that facebook gave Mike and Kevin it instagram enormous resources. A lot of the reasons why Mike and Kevin sold was because running tiny startup that's blowing up is absolutely exhausting Mike. Krieger. was dragging his laptop all around San. Francisco. Because the servers were melting at all times of the day whenever Justin Bieber. Posted like the site stopped working and they really we need help. Finding a person who can quickly fix this? So we don't have to like that is the reason that they were entertaining these offers and wanted to sell it. So that is also thing that happened. Do you think that that same kind of argument or approach can apply to what's up? What's up basically did not come up yesterday and all the focus on Instagram, but that's the other one, right? Yeah, and we know weirdly a lot less about that acquisition I. Think it's because people in America just have so much less love for what's APP generally. That, it's never seemed as important. What happened to WHATSAPP as what happens to instagram even though WHATSAPP, is used, you know way more, it probably has way more engagement even than instagram does so I don't know why that didn't come up as often. We know there was a competitive bidding war for that as well. Goule. Wanted it as well. You know Mark Zuckerberg made them an offer, they can't refuse. Do you think everyday Google's we should've spent more money on what's whatsapp like this could have been solved. Should have, but Google has been placed under an ancient curse that prevents them from ever making the right decision about any social product. So it was doomed never to happen. It's fun looking through the documents and watching them casually say they should buy facebook dot com. Yeah, that. Point. That is how they talk like the window into these executives just casually being like we should just this thing or maybe not, or we should just copied ourselves and kill it before it gets any traction like it's repeated over and over again last facebook question. This one is like harder to parse because I. There's a chance, it's October is just joking around but. But. He's in many of these emails. He's like the thing about startups, as you can always buy them, which I think the committee thinks is a smoking gun, right? Like facebook's entire plan is to buy the competition to get the data from wherever they get it to say, oh, man, this apps popping, we just buy it and kill it before it competes with us. I. Think he actually said at one point. That's a joke. Yes, he did and I believe that you know it was two thousand, twelve, right? He was probably still in his mid twenties. At that point, the company was a lot smaller like people were joking around like there's more loose talk when companies are younger and I do think. It was it was part of that. I think the more interesting question becomes. Let's say facebook is telling the truth about everything. Let's say they thought it was going to be a successful acquisition, but they never knew it was gonna big as it became today and they invested in it and it got super big. Okay. Well, now, it's as big as it is. Should they be allowed to keep? Keep it or should they be forced to spend it out and if you're GONNA force them to spin it out. What's the argument that you'RE GONNA. Make about why one question that I have a lot is clearly the referral they're gonNa make, and it seems like if you don't have some other reason, we've heard hints that there's some other reason, the FTC scrutinize this that will eventually be revealed. But what you're saying is the antitrust standard at the time, the Consumer Hartman stand, which is still our standard. Says, you have to prove prices will go up both products for free. You're screwed. Right? There's nothing to review because you're not gonNA prove prove that free products are gonNA get more expensive. I think it's pretty unfair if you change the standard and you go back in time and say you missed that standard. So I think there has to be something else there. Well, what was the standard by which at and T. was broken up? Right? Like presumably at and T. didn't used to be that big, and then it just got really big and then they broke it up at least. That's the thumbnail understanding I have of that break-up. Well, yeah. But then reformed itself. Right. But because of lax antitrust regulation, right? Like it wasn't a naturally occurring phenomenon that all those APPS got back to the other or was that just sort of like inattention to capitalism It's like in the seventies and eighties. This is Tim moves book the cursive bigness in the seventies and eighties Robert Bork I can't talk about Robert on this podcast. Are we doing this right now. Robert was very influential judge Appellate Judge Federal Appellate? Judge. And basically moved the antitrust law to the consumer harm standard as part of a movement called and economics. A whole thing Robert. Bork. Mostly famous because he was not appointed. He was nominated Supreme Court by Reagan but they leaked video tape rental history, and then he didn't get nominated and that is where the expression getting bork's comes from. This is all true Netflix's still has to abide by videotape data privacy act is a whole. This is all true when facebook and Netflix had some partners, Nansen? Partnership. To. Automatically share your net flicks, watch history to facebook. They're like pending the change of this law which we are working on Robert Bork. He haunts us all. I'm sorry, I can't believe this much. Yeah I. think that's just like the law changed in the in the seventies and eighties, the standard change. The conversation right now is a very much about changing it back months and months ago, pre pandemic, we had an economist from I. Think it was Nyu Thomas Philippon came on the show, and he was like look you have this natural ab test going on in the world where the European Union when it formed was like, how do we get an economy like America's? So, we'll just take their competition policies pretty good, and at the same time we changed consumer harm standard. So everything you're seeing the EU is basically our old competition antitrust standard in. You can see how active they are in everything. Here's a new consumer welfare standard. Whether you believe, this is actually a functional Ab test given. The state of both governments is up for debate, but that was his point I thought. It was spare can say.
Boston Police Task Force to Host Online Hearings on Police Policies
"Task force charged with assessing how Boston police currently interact with the city's minority community is focused on the department's use of force policy. Boston Taskforce Chairman Wayne but said that the review board's surprisingly has not heard from the public. I'm Don ho. Nightside with Dan
BREAKING: Herman Cain Dies Of Coronavirus At Age 74 in Atlanta
"A political consultant who worked for Herman? Cain on his twenty twelve presidential campaign is announcing that he has passed away. from. covid nineteen. That's breaking news here in Y'all I'm not confide. This is not. Confirmed other than through Ellen. And I'm Yup. nope. It's IT's confirmed folks. Herman Cain has died of the corona virus. age seventy four. In Republican presidential candidate in two thousand twelve. Herman Cain ran his platform very famously was the nine nine, nine tax reform plan. He had been Fox. News contributor and a newsmax contributor newsmax is confirming his death He was admitted to the hospital on July first two days after being. DIAGNOSED WITH COVA night teen. Ten Days Prior, he had been at the Rally for the President they they don't know where he got the virus. And Herman Cain has now. Passed away He was the President of Godfather's pizza. He. Rose through the ranks He joined coca. Cola. He worked for Pillsbury. He was regional vice president for Burger, King, which at the time Pillsbury owned and then he took over. Godfather's pizza turned around made it a profitable company. And his big issue is marketing. He became the chairman of the Federal Reserve Bank of Kansas City in Nineteen ninety-five He was in the position for twenty months in nineteen in two, thousand nine you'll recall the president renominated him for the Federal Reserve. Board? He ultimately withdrew his nomination. He dabbled in politics in one, thousand, nine, hundred sixty was an adviser to the Bob Dole Jack Kemp Campaign for President He ran for the Senate in two thousand four. He was defeated in the primary by Johnny Isaacson actually campaigned for him in two thousand four. Now he beat colon cancer it was stage four and two, thousand six he was diagnosed with it the and then from two, thousand, eight, two, thousand, seven, of course, he had the Herman Cain Show in Atlanta? On WSB, I was actually hired in two thousand eleven to replace Herman on WSB Because Herman had decided, he was going to run for president and he had been in the line to replace Neil Bortz they needed somebody to replace Herman as a result. So they hired me Herman off and ran for president. He at one point was the front runner for the Republican presidential nomination, and then he the ultimately lost the nomination and came back to radio has has wound down his career over time and. Herman Cain now dead he was a good man. Seventy four years old affected by coronavirus virus. Prayers for his family. And for for those who knew and loved and worked with Herman Cain God. Bless him.
Washington vs. Big Tech: Taking on the Trillion-Dollar Club
"Lawmakers came out swinging yesterday against Amazon Apple, Alphabet and facebook at an historic antitrust hearing held with CEOS, Jeff bezos, Tim Cook Sundar Pichai, and Mark Zuckerberg. Over remote Webcam, you swear or affirm under penalty of perjury that the testimony you out to give his show incorrect. The Best of your knowledge information and belief. So help you God. Yes. Let the record, show the witnesses answered informative. Thank you, and you may remain seated members of the House Judiciary Committee's antitrust subcommittee used charged language like too much power, Anti Competitive Acquisition and emperors as they aired their concerns about those four giant platforms. Here's the subcommittee chairman. Democrat, Peterson, Selene, a Rhode Island, our founders would not bow before king, nor should we bow before the emperor's of the online economy and ranking member? Wisconsin's Jensen. Brenner. Pointing out. Political concerns about size does big tech have a bias serves our consumers to? The need the protection of the antitrust laws. Both sides of the aisle had their opportunity to highlight this core conflict between Washington and Silicon Valley that antitrust enforcement can fix whatever is challenging or concerning about big tech. The CEO's for their part. Say We haven't squashed the competition. Here's Pichai Cook and Zuckerberg competition drives US team. needs to better products, Noah choices and more choices for every customers have a lot of choices in their products space fierce competition companies like Samsung, G. while way in Google has built successful businesses with different approaches. We okay with that. Our goal is the best, not the most I recognize that there are concerns about the size and power of tech companies. Now, we're services are about connection. Our business model is advertising and we face intense competition in both Amazon's ECOMMERCE dominance sparked a few intense moments after CEO Jeff bezos. The richest man in the world with a personal fortune of about one hundred and eighty billion dollars didn't get a question until nearly two hours into the hearing apparently due to a tech glitch. But then the pressure was on basis was asked about undercutting diapers, dot com before buying it Amazon's counterfeit problem whether Alexa favors Amazon's own products, many times. He didn't have the answer I. Don't remember that at all. I remember is that we we we'd match competitive. I believe we follow diapers cog, and this is eleven years ago I. Think we do is offer to get you information if you. Get it to your office for you read that article, but I didn't remember that piece of that I apologize for that I don't know the specifics of that situation, and I would be happy to give back to your office with more information about that. These questions for Basil's and Amazon strike at the heart of the antitrust that had been building for years as these four companies that we use every day every single day grow and grow larger with a combined market. Market cap of about five trillion dollars. If they were their own stock exchange, they'd be the fourth largest in the world. Here's vice chair. Joanna goose to facebook's mark. Zuckerberg strikes me over the course of the last several years. FACEBOOK has used. It's market power to either purchase or replicate the competition and facebook facebook. MESSENGER WHATSAPP instagram are the most now downloaded APPs of the last decade your company. Sir, owns them all and we have a word for that words monopoly. My Take Away I. Don't know I. Don't know if you guys watched I thought some of it was fascinating. A couple of questions, not not a lot of great questions thought. There's a lot of some good answers, some not good answers, but I didn't think that there was a major takeaway that all of a sudden. You know Washington was Gonna come down hard on these companies and there was evidence that was presented. That was gonna GonNa, create that challenge. I thought the most challenging piece of of news out there. But I think we've seen it before was instagram and facebook in some of the emails back and forth. Did you ever use this very similar facebook camera product to threaten instagram's founder Kevin side-stream? Congresswoman I'm I'm not sure what you mean by threatened I. Think it was public that we were building a camera up at the at the time in a chat. You told, MR, science that facebook was quote developing our own photos strategy. So how we engage now, we'll also determine how much were partners versus competitors down the line instagram's founders seem to think that was a threat he confided confided in an investor at the time that he feared you would go. That you would go into quote destroy mode if he didn't sell instagram to you, one of respectfully disagree with the characterization. Really dug into the emails and didn't take them out of context I. Thought, you'd have a hard case to make. Yeah, I, mean. I thought on on the point with facebook is easy Riley points to the quite a few different lawmakers went off the Mark Zuckerberg on on the topic of their competition practices whether he considered some of those companies they've taken over I, walk up and Instagram as competitors at that point which knowledge that they had been, which kind of course, a bit of a stir. Has Been Engaged in purchasing competition I, in some cases, replicating competition in some cases eliminating your competition, would that be a fair statement? The space of people connecting with other people is a very large space and I would agree that there were different approaches we took to to addressing different parts of of that space, but it's all in service of building the best services. Likewise said that they had tried to copy some of the particular tools that other rivals whether they bought them or not use including. Of course, the stories feature snap, which I thought was quite interesting, but Geo Point, Andrew as to whether we we conclude from yesterday that significant action from no makers is imminent. Even if we go to a sweep at the next election, the market didn't take that conclusion on those times. Talks hit session highs during the hearing, but the interesting dichotomy which goes to the question. Of, how much we managed to watch I watched as much as I could apart from when fed chair Jay Powell speaking and I watch that instead, and you had one side of Washington of goes up pressuring these tech stocks. The other part saying that we're hit as long as it takes, we're not even thinking about thinking about thinking about raising rates and not allowed old. Not just the textbooks. And close at a pretty strong session yesterday can I? Can I just ask whoever buys a company? That's not a competitor I mean. News the idea that you would buy a competitor when. Merger has ever taken place among a company that does an entirely different area that you wouldn't consider a competitor. Watching. This yesterday was complete theater just like it often is with the these congressional hearings. At. The beginning, they were asking questions and not even letting them answer. So this was really about giving Congress people their time to have their six minutes to talk and to go through with some of these things, I didn't feel like learned a lot under yesterday. I couldn't take my eyes off it when I was watching it, but it was theater. Classic, you'll take the time comments from lawmakers when they get me on. So they wanted to I, totally agree on that, but I would say compared to say twenty eighteen when Mark Zuckerberg had to go to face, they'll make on his own. Better prepared than they had even if it was then making arguments rather than letting. The answer, their questions, they made better arguments. They brought up more pertinent facts whether that was is Amazon. Abusing small sellers on this. Platform. In two, thousand, thirteen, it was reported that you instructed Amazon employees to approach discussions with certain business partners, and I quote the way a Cheetah would pursue a sickly gazelle is the gazelle projects still in place and as Amazon pursue similar predatory campaigns in other parts of its business. I cannot. comment on that because I don't remember it. Is. Apple misusing the margins, it takes on on the APP store. Apple from increasing its commission to fifty percents we serve. We have never increase commissions in the store since the first day at operated in two thousand eight. From doing so is it? No, Sir I disagree strongly with that, there is a competition for developers just like there's a competition for customers. So I think they were getting it the crux of some of the issues. But as we I think all concluding I, it didn't spell imminent danger for the tech stocks just because of that air. Just one note though on the competitor. Comment there or issue that you were just discussing Becky, which is an interesting one. We often talk on the show about how being a monopoly unto. itself is not illegal, and you just commented that you can't buy from everybody wants to buy competitor. Interestingly, if you're deemed a monopoly which is not illegal, but you have that market power, it actually is illegal to buy a competitor, and so if you really go back and read mark, Brooks emails even. Even about the instagram transaction, he actually even doubled back on one of his emails because I. Think he realized that given the power that having that industry depending on how you define it that he had to rewrite the email later to suggest no, I'm not trying to do this. He was by the way thinking about this, even to two, thousand, ten, you can. Almost, if you look through emails, you can sort of see how tracking in his mind. The Way He's thinking about it. So yes, everybody always wants to buy. But Inter stands at the size and scale that these companies are. Now, it's very hard to do that actually. Hit His. Answer. was that the FTC had all the same information that they had at that point in the FTC Peruta
"vice chairman" Discussed on KNX 1070 NEWSRADIO
"Is the vice chairman of the board he says this gives the county health officer more power Dr quick can prescribed courses of action to minimize the risk of spreading of the date of the virus and she can also prescribe a course of treatment to an individual or locality if she sees a heightened incident of transmission of the second action they pass was to make sure that health officials have the power to provide as much training as possible the first responders and others are EMTs for example our sheriffs and police departments but he also makes clear that people shouldn't over react as things stand currently people should not panic they should not be rushing out and buying these breathing masks take normal precautions protect yourselves and your families like you would for flu virus again they emphasized there is not a sudden spike in danger here in the see live in Santa Ana John Baird K. N. X. ten seventy newsradio we should also point out that a crew of Orange County firefighters is now under quarantine at a fire station and Irvine for possible exposure to the corona virus fire officials tell KNX the crew members were exposed to a patient now being tested for the illness the station has been disinfected but the crew will remain in isolation to medical testing is complete an eighteen year old man from a Montebello is now under arrest after posting a threat on the internet to stage a shooting attack on an area high school can extensively speak that much real life force with more details on the arrest and the investigation what about the police got the tip late on Friday that the threat of been posted on Instagram of someone planning a massacre on the campus of Montebello high school search mark Marty said after some quick investigative work they narrow down the search for a suspect I can tell you the former student of mine high school in eighteen years old and he actually lives in the city his name is David Harper Harper bit expelled from Montebello high school two years ago for making similar threats now as an adult is being held in jail on fifty thousand dollars bail for.
"vice chairman" Discussed on C-SPAN Radio
"Vice chairman senator Patrick Leahy so the the infectious disease rapid response fund at CDC was funded by Congress and twenty twenty as well as twenty nineteen and so its current your money we're running out of that money which is why we have sent over that we plan to do transfer and reprogramming using the existing authorities for twenty twenty appropriations and precisely why we're asking for emergency supplemental if you take you take a half a billion dollars out of the money appropriated for the ball a threat though those are true those would be proposed offsets are trade offs for the emergency supplemental if the appropriators don't want to do that we'll that that's that's just an option for the appropriators you have any of your requests for supplemental funds it requires you they told him he was or that it isn't there were denied by OMB well I'm not going to discuss internal line operations that's not proper to discuss internal devising a proper I've heard that question asked by my during democratic administrations Republican administrations or in my forty years on this committee has been answered I would never answer internal deliberations with the White House but I will tell you I am completely supportive of the two point five billion dollar request it does exactly what I want which is to focus on those five critical success factor areas okay so what you want is a proposal that would divert a hundred thirty five million dollars from other important programs including thirty seven million from rely he millions from substance abuse seven million dollars from Medicare and Medicaid programs with our S. U. deliberation would you just want to cut a whole lot of things we rely well those are those are options for funding half of the cost of the emergency supplemental but if Congress makes a different choice Congress makes a different choice the other have come from that would be emergency supplemental find new money that you would have to come up with things you want so then I need funding the ball of funding your recommendation you're just there for this is a cut that out it's a proposal of how to fund half of the cost of the total is your proposal that is our proposal but if Congress disagrees with other approaches there are other ways to get there thank you Sir center Alexander thank you Mr chairman Mr secretary welcome before we I asked get in corona virus I want to congratulate senator blunt and senator Murray and senator Durbin and lazy and Shelby and members of the subcommittee for the last five years of funding for the national institutes of health over that five years discretionary spending which is about a third of our budget that the federal government spends is going up twenty percent but funding for the national institutes of health has gone up thirty nine percent Republican senator Lamar Alexander and I might add the subcommittee that deals with the office of science in the department of energy the senator Feinstein I work on is gone up thirty eight percent for the best kept secrets in Washington is the big increase of funding for biomedical research and science and I want to congratulate this committee for its part of it I think one of our responsibilities as members of the Senate is to help the American people get a fair view of exactly how threatening to them individually the corona virus is looking around the world there is reason for alarm ten days ago for example there were forty nine thousand confirmed cases in the world ten years ago in China there forty eight thousand confirmed cases today in China there seventy nine thousand confirmed cases in the world in their seventy seven thousand China and we read about problems in propping up in Italy which could get across their borders in Iran and other places South Korea and not only do we have the problem of of a rapidly spreading virus which could jump into our country we have to think about what I was manufactured in those countries could mean for us with thirteen percent of our of our prescription drugs are drugs being manufactured in China for example are we going to have shortages and even beyond that with a quarter or so of everything that we use in this country being made in China well we have supplies for our automobiles and are are other things that we make in this country and what will it do to our economy so looking around the world there's reason to be alarmed but now looking at home let me go through what the facts are at home we've known about this for about two months right about fifty days yes about fifty days and and and ten days ago if I'm right we had detected fourteen cases in the United States I believe that's correct and today we have detected fourteen cases in the United States in addition to the thirty nine cases of Americans have been brought home from overseas and isolated in this country because they might have been infected there exactly imported case and during that time you have begun to develop a vaccine which will be ready for a year or longer but you're doing that more rapidly than any other time in the history of our country that's correct and my question is going to be with this alarming situation in the world what have you been doing right at home the causes to see a situation where this huge country of ours will have fourteen cases a year ago I mean all of ten days ago fourteen today my guess is he's twenty years of preparation by Democrats and Republicans on this committee and Democrats and Republican presidents to be ready for pandemics number one number two it's the extraordinary public health system we have in this country state and local doing their job and number three it's the first and most aggressive quarantine requirements that you've done in fifty years so it were alarmed about what's going on around the world what can we learn about the last fifty days in this country that you've been doing right and that makes us to be able to say ten days ago there were fourteen cases and today they're fourteen cases every time we're around the world cases are going up so we are bearing the fruits actually of our pandemic flu preparedness activities which I was one of the architects of in the bush administration and the Congress funded we're seeing the public health infrastructure from that that is coming up for one of the most important things we did as soon as alerted to this and as soon as we had a genetic sequence and understood the nature of the symptoms of this disease was to alert our state and local public health partners and our health professionals and that's why thirteen of those fourteen cases were identified by health care professionals a student Lee seeing that these were individuals who had been in who they province and presented with flu like symptoms gotten the system and took advantage of that one week develop CDC tests to confirm results so that is that that kind of public health infrastructure of the world's best is the backbone of our response activities here in addition we worked on the aggressive border containment measures and we work with China to try to get transparency and get information we still do not have unfortunately solid information to take to the bank on severity on transmissibility on incubation period on a symptomatic transmission I'm out of time I would think what I'm hearing you say you would do more of what you've already done properly funded yes thank you Sir Alexander Sir shots thank you Mr chairman thank you secretary for being here this committee has a long tradition of bipartisanship and I know secretary you and I've had a couple disagreements and in private and in public so I want to kind of see whether we can find some common ground in fighting the corona virus the president's budget cuts the infectious disease rapid response reserve fund the public health preparedness and response fund hospital preparedness program in epidemiology and laboratory capacity program so given everything that's happened over the last fifty days I want to give you an opportunity and given the context here which is last night you propose the two point five billion dollar supplemental do you want to rescind those cuts to the base budget of your agencies that deal with this problem democratic senator Bryan shots well it's a good question senator as I mention to chairman blonde this is a request focused on twenty twenty money some money to be spent on hold on hold on hold on I'm not asking you about the sun I'm asking you about the president's budget which cuts all those programs which I described and the question is a simple one because I have a couple of other questions I'd like to get to will you resume those cuts will you ask us to restore those programs or will you not so as I said the chairman blunt we will work with you over the coming months as we learn more about this disease on whether to modify the twenty twenty one appropriation request in light of that we do increase by a hundred and thirty five million dollars CDC's budget around preparedness emergency response infectious disease and global health security I'm not going to get too much into the weeds there but I was just over that actually is a such a shell game there are four key programs that deal with this problem they are being cut the CDC overall is being cut by nine percent and so you may have increased a line item or two but that's a talking point that is not the fact of the matter and this committee will very likely reject these cuts but it is absurd to me that you're proposing cuts as at the same time that you're proposing a supplemental on the same topic so moving on how many masks do we need in our strategic stockpile and how much will that cost so we would need to determine through procurement what the cost would be of additional mass I know that this morning in the briefing there was a reference to possibly as many as three hundred million masks needed in the U. S. for healthcare workers we wanted to find that better through procurement criteria we have to frankly established supply here in the United states ability to manufacture as well as to find sourcing of active ingredients such as the filtration materials even the the nickel and copper knows joints that go on the I. ninety five masks over the if we get the money we can actually make that market and get capacity built here in the understood want to work with you on for the two point five billion dollars like the the the the mass in the strategic stockpile the test kit all the all of your five lines of effort it seems to me you don't quite know how much each line of effort is going to cost is that accurate we would have to do procurements to find out exactly what we would our per unit cost would be on the mask because I've been with the scaling up domestic production to doesn't fully exist right now so one doesn't know until one actually procure is that so how do you get to two point five not knowing how how to compile you have five lines of effort you don't know how much that the first one I'm asking about you so you gotta go through procurement you got to build a Mar I understand all that so then how do you get to two point five with any degree of specificity reliability it is two point five billion dollars sort of pulled out of a hat no not at all the two point five billion dollars and then one of the major cost items you don't know how much it's gonna cost you don't know the precise per unit cost but within the range of the hundreds of millions of dollars were dealing with that clearly would be self sufficient I think right now acquisition cost and N. ninety five mask tends to be under a dollar so that gives you a rough approximation but with we have to scale up domestic production do you have a back of the envelope numbers that you haven't yet provided to the committee because it sounds like you have well but it sounds like you have ballpark numbers and I I got I got told by a staff person that this stop no I haven't gone through it with a fine tooth comb yet but but I have been told that this is the least detailed supplemental that they've ever seen for you also and so should we just consider this a marker and you'll give us the details later none the least there is a letter that went off last night which has the the number of the basic numbers and it and as I've told both the chairman and the vice chairwoman we will work with your staff to get you the details behind that there is detail behind that it just last night you got the initial letter okay final question on test kits they were deployed into a bunch of locations they didn't function properly.
"vice chairman" Discussed on NewsRadio 1020 KDKA
"Vice chairman state representative Austin Davis has resigned Davis telling KDKA radio's Lynne Hayes Freeland he can no longer work with party chair Eileen Kelly I have had significant differences and party leadership and operations from almost the very beginning Kelly has drawn fire for her comments after committee endorsements this month blaming other democratic officials for dividing the party photos have been released of a man wanted in connection with the gas station robbery in Oakland earlier this month it happened February seventh at the sin OQO at craft Avenue and Boulevard of the allies Pittsburgh police say the suspect attempted to flee after forcefully removing cash from the register the cashier had locked the door remotely after a struggle the man used a step ladder to break the doors glass and escape see his photo and police contact information at KDKA radio dot com remember in Kobe Bryant thousands of fans filled the staples center in downtown Los Angeles remember the NBA superstar and his thirteen year old daughter G. on it today there were spontaneous chants of Kobe throughout the two hour service the widening corona virus outbreak threatens to seriously disrupt the global economy just as it was studying itself against the headwinds from the US China trade dispute on Wall Street just before the close have for intelligence as the Dow is down one thousand thirty points at twenty seven thousand nine sixty two the nasdaq down three hundred fifty five points and the S. and P. down one hundred eleven in sports the pilots have acquired forward Patrick Marleau from the sharks for a conditional twenty twenty one third round draft pick and the pens acquire Conor Sheary and Evan Rodriguez from the Sabres in exchange for Dominic Holmes next game for the pens on the west coast to play the kings Wednesday night pirates play the Yankees in Tampa this evening it is four oh three time to shop my camera and Hyundai in Greensburg and get oil changes for life triple a traffic and accu weather next we'll drive is the place to be for summer's best concerts Steely Dan with special guest Steve Winwood David gray and many more on sale now just added to the summer lineup indigo girls ani DiFranco the concert the musical Steve Martin and Martin short the princess bride in concert jock rock review and Google dolls.
"vice chairman" Discussed on Big Time Basketball
"Scaloppini upbringing. We've been talking to various people around the league about the life of Kobe. Bryant the career of Kobe Bryant. We've talked to coach talked to ex players and I think coming up here we have. Maybe the most we need one. We've had so far. And that is his former agent and now vice chairman of the Detroit. Pistons aren't telling who joins US here on Scallon pals this morning aren't really appreciate you hopping on today with I. I know which is incredibly difficult. Circumstance appreciate you hopping on a very sad. I'm just one of these appearances. You wish never happen but I'm Brian and I it's been interesting for me this whole week. It's been absolutely devastating and But it's giving me a chance to reconnect with a lot of my former clients clients and employees reminiscing about those years. We were all together and So especially with Brian. What year on sell it? We want to focus more on Mike celebrating Kobe and his life in the first time you saw him. I know you're a big Philly guy. A what did you think the first time you saw him in that Jim. Well you know it's I was very close to Kobi's parents and And Joe Brian. I were the same price we didn't go to the same high school. We were in the same high school class and in Philadelphia and New Him a long time. I remember going to see Joe Bryant. I mean these aren't aren't you still there at a number of times Never High School and I saw clips something high school along the way and and obviously following up your basketball and in particular. I went to the rival. High schools are marrying. I went to high school So it was quite familiar with our man. I saw clips throughout those those last couple of years and clips him. ABC Cam New the first time I saw him met him. You knew this was a Someone who is destined for greatness. I don't really have the Fi- with impressed me most though it's not necessarily physical ability because you've seen it. I've seen a lot of other. Great athletes was his just. His composure has poise and spirit And he's determination. It was all all these mental qualities that's separate from any other athlete I've ever represented He and his his his overall intelligence How he studied the game has preparation his That he that he and his drive. I think that's really what it was indomitable spirit And his unshakeable confidence that he had such a young age. I've never seen anyone else. I think the public sort of got to know Koby a little bit more like later in his career even in his post career. What what can you tell us about who Kobe was as as a just a regular guy? Obviously a dad. Everyone's looking up to him now and his relationship with his daughters. What can you tell us about the guy? Kobe was sort of later in his life. And even in this post career the I think Kobe was I had one of these very very sweet moments with having With in two thousand team When he and his last visit to the Palace Ellis and during his last season with the Lakers and I made plans the same after the game? But he sought me sitting at the court at Center Court And and right before tip off he came over and expectedly and gave me a hug and we got to talk for a few minutes And he asked me how about my experience the Pistons have I was enjoying it and I said How much was and that it was Was the change comes with life and I said Kobe just like you always wanted wanted to challenge yourself and grow and that's what I'm doing here. I'm trying to push myself and just like you and experience different things and I said you're going to be doing the same thing a year from now and He left and he said I really believe the next chapter is GonNa even better. And he gave me a kiss and thanked me for everything. And they've been Iran Renoir for the tip off And I think that's who he was he was always looking He was always optimistic. He he had an incredible attitude. I think which which is so important anyone success and I think that's what drove him is always believing himself and he always believed that better things were to come and that he was prepared for an equally successful life after after his career ended That it wasn't GonNa like with many athletes that you know like you know for many is never the same. I think he really believed that. It was going to be different but just as challenging and and rewarding and fulfilling for him that's what he believed that it was as a parent and a father and a husband You know he loved the Nessa and his children very much and I knew he went and he wanted to be the best possible bother and have a real impact on his daughters and And I knew he was destined to do great things. You know as an entrepreneur and philanthropist And what's so tragic about all. This is that you know well that you know. Unfortunately tragically cut off. And we'll never say and I think that's what makes us so. Devastating Is is that. We'll never see that. We've got a glimpse of it but we'll never see it and I think what's also so sad. Is I think for everyone who's in morning. I think why this has been had such a devastating impact. Is we saw. This young man grew up in front of our eyes from the time he was seventeen. And we all. I'll have so many wonderful memories watching him Not only to his great moments but through all the CIA. I think what made him so great was to all the challenges. How he he showed his resilience and determination to overcome all the challenges? Buddy good face and and rise above it and learn from it and grow Oh from it and I think that's what makes him such. We witnessed this You know in front of us every day And we saw the the grace with which he handled these These challenges And I think that's what makes this so devastating but makes him also so special and And why has to me. His legacy As an athlete will live on so many players so I hope this one's fire hire for them to look at him as a role model to a for not only his preparation. But it's driving just everything he gave to the game and And everything that he was determined to get out of it and to use it as a platform to do great things after his career. I think my hope is that at that legacy will inspire you know all the other players just in the NBA but in all professional sports. Aren't we know how difficult is totem was. But we do incredibly appreciate first of all for me everything you've done for me but just appreciate you coming on and sharing those stories with us we. I hope I agree with you. Aren't I think all the athletes out there. I hope this changes who they are makes him a better person. I know so far in my life. I'm trying going to be a better person because of this so I think his legacy. I think we learned from it right. I think a couple of things I think we earn. We appreciate how fragile life is and that we all must cherish our family and friends and And give give it life our very best And to I think for me right now all I can say about my heart. goes out to Vanessa her daughters and all the other families of the victims and the terrible terrible helicopter crash and And also I'm thinking of the Lakers Jeanie Buss and my friend Rob Pelinka. Who who work with me and obviously became Kobi's agent and did a wonderful job for Kobe and I know they're grieving as well and I feel for all of them so But for us I think hopefully in time with all this you know you know We'll find you know with with suffering. Hopefully one finds meaning and I I hope for all of us that will be able to save the all the wonderful things koby dead and And hopefully that impact that he had will carry on and how we live our lives and hopefully for professional athletes. I hope that they take From him especially how dedicated he wasn't when he brought to the game name If they can use that to inspire them to make the most out of their careers. Thank you so much for hopping on the perspective. It's been really great. I know it's obviously a difficult time for you. Everyone that's known him so well and people that didn't even know him so well so I appreciate you coming on today giving us some perspective yards Gal Pals Dour. We're thinking of everybody that knew him well including especially his family and friends. So thanks and Hopefully talk to you soon. Yeah aren't give loved and I will and I love you. Scalp that killed up to your family. Love you too man you know I. It's it reminds you of how you're right that the the fragility of life and like I put everything into perspective for you and I know that it did that for me and you know I. I did that for people in our new. Obviously as well as anybody in debt for me as someone Komo News I mentioned who had never even met. Kobe grew up watching him and wanting to play like him and be like him and have his mentality and It really did put everything in your life into perspective about wanting to be a better person wanting to you know change the world wanting to just do good all around you in because we know especially in today's Day and age can be a lot of negativity and criticism and all that stuff and you it. Kobe sort of inspired a lot of us to just try to get the best out of your life and try to make sure that you remember all the good things and and be close to your family and You know I I. It's heartbreaking to hear aren't because you could you could just hear it in his voice how distraught he is and obviously so The perspective that he gave us there was really unique and I appreciate him coming on yesterday. Celtics did a unbelievable tribute. They did a twenty four second moment of silence in on the Jumbotron they place twenty four or images one every second they did a video and it was you know rival friend follow and they were him appears human gardenet talking trash. Then you know going nose to nose Ray Allen and is like I remember all those things right but I'm telling you what what here's why I I've been I've been. I've been having a hard time with this a really hard time and I don't know why I really don't I don't I know bound like it's not like karate or or telling like arm. I'm like raise the guy like he was seventeen years old and he brought him into the NBA and all the things that he had any did form right. I knew Kobe a little bit but I think what it was and I noticed on the video they had during his last game or maybe it was an all star game or something like that. His daughter runs up to him and gives him a hug and and right in front of all the people right. I'm watching this thing and I was fine watching him. Nose to nose with Garnet gave me chills remembering and all that his final with all that the hug with a daughter like I lost it right in front of the front of the fans. Everything like that right lost it and because I know that there are kids around the world dying every day I do recognize that this happens right there sake. Accidents Mom driving a mini van. I I recognize all that but in this situation it is so real for me. He's forty one..
"vice chairman" Discussed on Big Time Basketball
"Man. Congratulations everybody everybody's more undeserving. On a first time guys enjoy Jason Brother. I'm happy you made it I wonder who he thinks because he he shouted out Jason Tatum there and so I don't think he thinks he should have gotten maybe over him. I wonder who the guy that he's talking talking about is because I mean I is it lowery. I don't know because because I do think this thing is this guy should be in discussion being when you say that somebody should be in. Then you've got to say I'm not saying players but like media members burgers having this conversation fans if you think. Hey so and so got snubbed or should have been taken out. So that's why I think I I think I'd take our out. I think I would. I don't know where I stand you. Listen I think for for the West like booker is a snub to me. Based on the way he plays for the east for the coaches. I look at it like a clear message. I looked at this as like a message to all the players out there. You're right man. It would have been awesome to see trae. Young happy voted on because there would have been interesting. It's almost like I feel it. trae young didn't get voted on. Then when you come down to it are. The coach is going to put trae young in there or Brad beal and my I guess is if there had a write down one of those two names like let's say Jimmy Butler was a starter right now. They're like getting down to the Nitty Gritty Riding Riding Down these lists and they get down to. We got one more who you who you like. trae young Bradley beal kind of feel like they would have voted for Brad beal. I mean I don't know what they would have done this guessing. I feel like Brad. Beal would have got the nod over trae young if it came to just two coaches like if Jimmy the Butler was a starter in trae how to get on with the with the boat of the coaches I feel like they would pick brab you couple of other things I mean. I'm happy for Jason Tatum. He gets over Brown. I think it could have been a coin flip but I think one of them definitely deserve to be Enzo. TATUM gets the nod over Jaylen Brown totally fine. They're happy that Rudy Gobert finally gets the credit than I think he deserves. I mean I know everyone's he's not sexy all star like setting screens and catching lobsters. He's not going to be doing anything flashy but I think you deserve it so I'm happy. He got in his well. And here's an interesting thing to there. We're going to be as many as nine new all-stars It'll we'll see what happens with guys like Klay Thompson Steph Curry Kyri Paul George Cat all not in this this year opening up the door for a new crop of players which I think is actually really cool and we'll have to monitor Bevan booker could get in those Gal because if you saw last night actually was in practice yesterday look donges. It's rolled his ankle his his status for the All Star game in question. We'll see how it goes so it is still possible. The Devon Booker does does get in which I think would be nice and he would be. I mean he and Donna would would be the ninth player. Who would be a first time all star this year which is actually a really cool wrinkle to this whole thing and the other thing too? I WANNA see moving forward and by the way we should get get into the changes of the format that we will things. I WANNA see moving forward. I don't WanNa see east and West anymore and I don't WanNa see positions anymore. That's what I'm looking for. Who I feel like the coaches will reward big man who defend I feel like the coaches have been ninety voice of reason in all this when everyone is going? Highlight highlight doesn't matter winning and losing my team. My team all of that stuff. What about the guys like the coaches? They're like all right. We're GONNA value one thing we're going to buy you winning the impact on winning so so if that moving forward I would love. I would love if I was a commissioner. I would see if I can get this done. And it seems like with the all-star game they can throw anything out there they don't have to go through the Board of governors and eighty approve or anything like that so I would like to see it. I know there's a Lotta history involved and everything like that. Just give me the top twenty twenty four players have everybody can pick whoever they want the team. Ya Janas Team Lebron all that stuff and then and then get rid of give it. A positions didn't know conferences. We'll see I I agree with you. Let's say let's take a quick break. Your will get to sort of the new changes including the new. Kobe inspired rule that they have For determining determining quarters winners. So that'll be interesting. We'll get that in a little bit but we do have Where we're really happy and excited to talk to a guy remembering Kobe? His former ARN tellem Who is now the vice chairman of the Detroit? Pistons isn't he's GonNa Join US next to share stories of Kobe as a seventeen year old growing up and when he knew he was special and You know obviously tragically when he found out the news so stick around. He's Brian Scott.
"vice chairman" Discussed on C-SPAN Radio
"As a state right for musicians vice chairman uses research right now yeah we do a lot yeah we don't know sure.
"vice chairman" Discussed on KOMO
"The vice chairman of China came out that he wants to see a deal may the Chinese foreign ministry claims no knowledge of actual phone calls face to face talks may resume next month president trump did not attend the G. seven leaders session on climate change the White House said he had too many other commitments but he's taking the U. S. out of the Paris climate accord a couple years ago remains a sore spot for European leaders first and foremost French president my call at a closing news conference the president making clear exploitation of American energy resources takes precedent I'm going to lose that wealth I'm not going to lose it on our own dreams one windmills which frankly aren't working too well the president's chair was empty when media were allowed in to photograph the start of the session but he got on board with a plan for the seven nations to send twenty million dollars to help fight the fires in the Amazon region thinking about next year's G. seven summit where he will be the host will probably be in Miami right next to the international as quickly location and what's right near the Miami airport trump derail international golf resort which Mr trump seems to think would be a great location the White House even tweeted on video as if Mr trump for announcing to row as the spot asked if he would be profiting off the presidency I'm not gonna make any money and I'm not going to make any money I don't want to make money the president claims he's lost billions of dollars by holding office house investigators are already waiting fights to get a look at his business records all right thank you Bob Costantini reporting from right here in Washington DC seven minutes before the hour now and Harvey Weinstein was back in criminal court in New York the rape trial for the former movie mogul was supposed to start in two weeks but it was pushed back several months after he was arraigned on a new charge as we hear from Steve cast involved this new indictment allows jurors to hear testimony from Annabella ski your a the sopranos actors have publicly accused winds dean of sexually assaulting her in her apartment in nineteen ninety three but it was beyond the statute of limitations now the Manhattan district attorney obtained indictment from a grand jury that will enable ski or to testified winds dean's rape trial in support of charges of predatory sexual assault she's represented by attorney Gloria Allred she has been willing to testify when asked.
"vice chairman" Discussed on NewsRadio 1080 KRLD
"Level the vice chairman of China came out that he wants to see a deal may the Chinese foreign ministry claims no knowledge of actual phone calls face to face talks may resume next month president trump did not attend the G. seven leader session on climate change the White House said he had too many other commitments what is taking the US out of the Paris climate accord a couple years ago remains a sore spot for European leaders first and foremost French president my call at a closing news conference the president making clear exploitation of American energy resources takes precedent I'm looking to lose that wealth I'm not going to lose it on our own dream stone windmills which frankly are working too well the president's chair was empty when media were allowed in to photograph the start of the session but he got on board with a plan for the seven nations to send twenty million dollars to help fight the fires in the Amazon region thinking about next year's G. seven summit where he will be the host will probably be in Miami right next to the International Airport great location and what's right near the Miami airport trump Terrell international golf resort which Mr trump seems to think would be a great location the White House even tweeted on video as if Mr trump we're announcing to row as the spot asked if he would be profiting off the presidency I'm not gonna make any money and lighting and I'm not going to make any money I don't want to make money I don't care about making money the president claims he's lost billions of dollars by holding office house investigators already waging fights to get a look at his business records Bob Constantini Washington in sports center first match at the U. S. open since last year's loss in a chaotic controversy all final Serena Williams stretched her winning streak against Maria Sharapova to nineteen matches with a nearly flawless performance that produced a six one six one victory Williams now leads their head to head series twenty two.
"vice chairman" Discussed on News Radio WGOW
"The vice chairman of the Senate intelligence committee, Mark Warner listened to Muller, summarize his report finding we're gonna take anything out of the Miller report. It is that foreign powers intervened and if we don't put better protections in place. They will be back Muller said, quote, if we had confidence that the president clearly did not commit a crime, we would have said, so White House spokesman Sarah Sanders, telling Fox News. Bob Muller had thought there was wrongdoing and wish. Sure of it. He would have had a moral obligation to say that he didn't Laura Jarrett at the Justice Department's report, but even more sharply today just explaining the weight and significance of it, and how much it meant how much the significance meant that he could not even reach a determination of whether the president committed a crime. And so he's not weighing in on that he's not making a determination on that at all. But what he is saying is that he also can't exonerate him. I Mike moss. Correspondent Linda Kenyon has reaction to Muller statement from Capitol Hill Jerrold Nadler, the chairman of the House Judiciary committee releases a statement that says no one not even the president of the United States is above the law. He adds given that special counsel Marla was unable to pursue criminal charges against the president it falls to congress, the ranking Republican on the committee takes the opposite view. Doug Collins says special counsel Muller confirmed today what we knew months ago when his report was released there was no collusion and no obstruction. In his statement Mahler himself said, if we had had confidence that the president clearly did not commit a crime, we would have said, so Linda Kenyon, Washington tornadoes continue to cause destruction across the nation today. Forty million people living areas were tornadoes could develop, including in Washington. New York Israeli Prime Minister Netanyahu faces a deadline at midnight to form a new government is country or face.
"vice chairman" Discussed on Finding Mastery: Conversations with Michael Gervais
"And then a last little reminder to check out our second podcast which is called minutes on mastery in it's a second feed that just grabs under three minutes or less the gems from these podcasts. So it's literally loaded with hundreds of insights. And pearls of wisdom about some of the best performers in the world, how they think in how they do so check that out as well at this week's conversation is with Bob, right? And Bob served as the vice chairman of GE General Electric. And he was also the president CEO and chairman of NBC NBC universal from nineteen eighty six to two thousand seven there big time responsibilities. And then prior to that, he serves as the president of GE financial services. And before that he was the president of Cox cable communications, and he's had this really diversified career in law general management, marketing, television. And in fact, he's also been inducted into the advertising broadcaster in cable hall of fame, okay, so he's not messing around. He's done it. He's lived it. And now he's on the other side of being able to talk about how he's done what he's done. And then he's also mission-minded purpose minded in this phase of his career in life. And so he right now, he's the co, founder of autism. Speaks, I'm sure you've heard of that and he's the founder of the Suzanne right foundation. So Bob's main focus right now is on this Zan right foundation in his code purple campaign, which are both fighting pancreatic cancer. And in this conversation, we touch on leadership and passion and accountability, and we talk about why he's doing what he's doing. And if when you think about if you've recognized the foundation autismspeaks like think about how that came into existence and we're going to pull back the curtain and talk about his process in where he came from. So with that, let's jump right into this conversation with Bob, right Bob, how you doing. I'm doing just fine. I'm doing doctor. How are you? Fantastic. Thank you for in advance for taking the time in. Congratulations for everything that you've contribute to the world, and that's from large corporations to. Endeavors that were near and dear to your heart autismspeaks that also changed the the rhythm of autism in the exposure that we've had to it so and I can go on and on. But congratulations on everything you've done today. Thank you. Appreciate them. Okay. So before we get into the meat of this conversation, can you, can you walk us through what your early life was like just to give some context for everything that we're gonna explore in this conversation. Sure. I grew up as an only child. My mother was a fulltime schoolteacher. My father was a a man who's in an engineering background, and he was he was a ran a air conditioning and heating business. They had. They were all children of the depression. They were both born in nineteen o five sheaves from upstate New York, and he was from Ohio, and they both met during the depression out in Long Island just outside of New York's New York, where your parents alive when you became the chairman of General Electric? No. I mean, talk about like, was there something unique about that industry or was it just happened to be something that like not landed in your lap, but you work towards for other reasons they they were. They were alive when I was with GE at the. So that was good. They were alive when I was when I was practicing lawyer in New Jersey. They were alive when I was in NBC one isn't my father, so my mother was passed away earlier. She'll she didn't get to see that part of it. But she, she knew I was doing well at the time and when I was up at in pittsfield Massachusetts, so they got, they got to, they got to see, you know, participate in a lot of the successes. I had. Okay. So and you know, it's one thing to work for NBC. It's another thing to be chairman and to be CEO and president of General Electric. I mean, so. Okay. So let's go back to early childhood where you grew up in the condition, ju Justice..
"vice chairman" Discussed on Bloomberg Radio New York
"Eu and then speaking of europe the populist appear to take charge in italy although the newly named finance minister has been described as pro euro so that's kind of an interesting twist slightly the spanish government may be ousted in the near term in oil prices trading well right now they're weakening just a bit wti sixty six ninety four oil had been pushing higher earlier and then on top of that what's been described as a bit of event risk with that nonfarm payrolls report here in the states that will happen before the markets open in the friday session us ten year treasury right now to eighty six in yield terms in seoul the kospi is ahead two tenths of one percent in sydney asx two hundred is down just about six tenths of one percent of the read on inflation for south korea a bit soft and economic growth in q one was slightly slower than the bok's initial estimate juliet to you all right thanks so much of the us is saying that the presummit talks today with north korea went very well but there is a long way lifted guy at baxter is covering all the global news in our bloomberg nine sixty san francisco newsroom ed troyer juliet us secretary of state mike pompeo says there needs to be a path forward for kim jong un but says all talks including the one today with kim yong focus on one desire in my conversations with jeremy kim jong pyongyang and today with vice chairman kim young i've been very clear the president trump and the united states objective is very consistent and well known the complete verifiable and irreversible denuclearization of the korean peninsula now kim young joel is going to meet with president trump tomorrow so where does china fit into all of this chinese are moving all around the world today let's be clear the risk of that is real everywhere not just in this particular space we're keenly aware of.
"vice chairman" Discussed on 105.3 The Fan
"Just the start of another huge story because i still think that michigan state has largely got off scotfree and i'm going to read you something from jole ferguson who is the vice chairman of the board of trustees at michigan state e admitted that they had a discussion about the president liu an assignment all right and so we all know how serious this is and he said yeah we had a trustee meeting the other day was five hours long we talked about louisiana for ten minutes were unanimously decided in the meeting right away we're going to support her staying as president there's so many more things going on at the university than just this nasser thing wow i think the ads on two of man the complete that's embarassing shove off of what this actually yeah and how people lose their we are it's a nassar thing it's is problem to deal with not ours not our system of turning our head and looking away from it fan again pin state that thing was the biggest story in the freaking world at that time and this thing just kind of he also went on to say this is it like the penn state thing i mean it's literally exactly the same you cover up for a university employee who is systematically raping children make no mistake michigan state and your president or whoever else he work there for like two deck aids you're telling me nobody knew there's words out there that as many as a dozen people have michigan state new going back to the late night is why it's from the eight one seven on all the eu's mean just unprofessional from the eight one seven there's no better feeling than justice being rightfully serve the judge handle that situation quite well i would have talked so much more trash before us and in some and from emily i worked for an attorney and from my limited knowledge she said wayne nicer than some of the things i've heard locally and they're tons of other people chiming in on that as well but i guess that points to that like whenever that something this bad happens they need to know they need to be alerted woken up and informed of of the that they did people well then.
"vice chairman" Discussed on State of the Union with Jake Tapper
"A lying to the fbi about his contacts with the russian ambassador flynn has now flipped he has agreed to tell the muller team what he knows and the president felt compelled to weigh in on that as well tweeting saturday that he quote had to fire general flynn because he lied to the vice president and the fbi unquote a tweet that would seem to suggest that if he asked me to back off he already knew flynn had committed the crime of wine to the fbi and now questions are swirling over what the president new and when there's a lot to discuss with my guest democratic senator mark warner the vice chairman of the intelligence committee leading the russia probe a senator thanks so much for joining us firstly jake let's start with this claim he he said president trump says he never asked colmey to stop investigating flynn as you know better than i colmey testified under oath before your committee in june the president trump did ask him to drop an investigation whom you believe i believe fbi director comey i think he was very credible in his testimony and his private meetings with us and it's not kony you've had clearly you've had an attorney generals had to recuse himself because of untold contacts with russians you had the press the united states trying to intervene as has been reported with other national intelligence leaders who he appointed saying could you back off we've had reports this week that he reached out to your prized by this members of congress during back off this president has been obsessed with this an investigation always saying there's nothing there but each week another shoe drops where we see more evidence of continuing outreach from russians and some refs response from the trump campaign or an and trump individuals in the case of flynn you have somebody who is top security advisor then is national security advisor have a series of contacts with russian officials beginning in early december with the president's soninlaw asking for backchannel connections to russia then efforts to try to intervene american politics.
"vice chairman" Discussed on C-SPAN Radio
"The most popular place in the world to do business so dr hazard i'd i'd love to get your comments here in any thoughts you might have on bad idea thank thank you vice chairman louis i i think that again uh wage growth is low profit growth is high the profits are over there we've got the highest rate and we see that countries around the world that are run by governments that either the don't have the commitment to the american system that every member of the both parties here in congress has a cutting their corporate rates president macron ran in france on reducing the corporate rate to 25 percent and the french rate was already blowers at that election begin city ties the greek government who translates there party a title into the coalition of the far left they have a lower corporate tax rate than us of this is not about a rightwing parties throwing money yet rich corporations it's about economically literate government's understanding if we want wages to be higher than we have to give workers capital to work with and that if you look the us right now again the contribution to productivity growth from capitol deepening is lower than it's been since the second world war we've got a crisis in our country and it's something that everybody on this committee needs to work together to solve in emphasize idea of zeroing out the corporate tax altogether and replacing it with a tax on dividends in capital gains that would put it on par with the taxes we impose on income what do you think of that idea specifically that the focus to like a laser right now is an adviser to the president on the proposals that are there a your idea is something that's you're quite analogous to something that a lot of other countries have done a few countries have eliminated it all together but but many have integrated the corporate tax with a dividend in the capital gains tax so that they're they're basically charging tax once at one level but in.
"vice chairman" Discussed on FT News
"On that point we've had various conflicting comments from mr trump over the years in the election campaign he felt that interest rates should be higher more recently he has been favour of a weak dollar which implicitly suggests that he wants to keep interest rates low defeat genuinely has an interest in moving in a clearly ah ideological wait towards a more hawkish or more conventional approach to monetary policy oregon you just think that he doesn't think in list and i think he thinks in terms of political expediency at least a that's one important factor it was clearly expedient during the election campaign to accuses he did janet yellen of have having some secret balgham with the president to keep right slow and help the democrats immediately dropped that argument when he came into power and said he was a low rates person and then stand far more supportive of janet yellen has declined every single time he's been given the opportunity to criticise a yellen to question the fed could he wants stability there so at this point it's very difficult to say any ideological approach to how he wants to cost the fed sending the two appointments that we are expecting rental calls it has been announced and then he hasn't denounced but many people expect marvin good friend an economist to be point is another fed governor by trump both of those people tends to slightly more hawkish end i've talked about the the merits of monetary policy rules when scenting interest rates which would put them.
"vice chairman" Discussed on FT News
"From the financial times new york i'm john over his and this is f t use big new state federal reserve vice chair stanley fischer tendered his resignation the second in line to janet yellen was not due to leave until his term ended in june of next year the fits board of governors now has four seats vacant asif seven giving president donald trump the opportunity to recast the entire policy direction of the central bank as he might puts it he owns the fate now join it discuss this is the ifp's us economics editor in washington sampling heison tiger silence oppose the first question concerns y stand fischer has chosen to leave eight months early the official reason is of that he's leaving for personal reasons do you think that's true yes i do i mean i think it's worth pointing out that his term was due to end in june of next year it could have been renewed obviously but i think most people expected not to be renewed so this accelerates the departure the most in the markets were expecting in any case i do think it was for personal reasons on i think really now people are going to stop thinking about what next to replace him on how this changes the balance of power in the federal support now in terms of the balance of power we have literally a majority of places among the governor's vacant once as temperature does stands down.
"vice chairman" Discussed on Bloomberg Radio New York
"Got into a minute ago do with them vice chairman of the thing we've been trip hoping that we did it when turned hope that president obama with nominate someone that he didn't but now is understand it they're gonna be three openings with the fan through says come in april whenever the as he's resign two other openly into the there and then you're two in your your opponent what makes february set a record in tune in to fulfill this last year of your of home i doing tend to complete my turn this catcher what what will leave being which and he the faded vice chairman work to determine got into that song with the whole ward you've mentioned he would come for the committee to testify you would represent people in the international you know he would rank torrey relief out rake it to affairs one you got anything else to add to their will importantly he would share our for committee on super fishing in regulation and sec committee takes the read on the hey off of the fall board in working with the to fisher of supervision in regulation to craft will make things hitter if in brought to the full award for afloat the vice chair would it that committee and would have pulled for side in that role four our division of supervision in regulation and would also represented _o_c in super finishing international supervision.