>> with all to jim harbaugh where we work every day is like college. it is our year end review part one today and tomorrow. we will be running through our lists. they's -- obama and the good economy, or the demon weed. isis, ebola, north korea

russia enough calamities. which presents the greatest challenge in 2015? >> some of them have gotten better. >> we have shown that we can turn out the lights in north korea when we want. i will go with russia. it is a big and important country with a volatile dictator who will be under pressure. >> there is a good case for the continuing threat of isis. we do not know what their capabilities are outside the region. people are concerned about the possibility that some of the brutality will make its way overseas. if that were to happen that would be the biggest thing for

the administration should deal with. >> there is no way to control the power they have in social media. we have seen the toll that can take on obama. >> this is a group that is while in, nihilistic and has a lot of money unlike its predecessor. president obama slipped on an invisibility cloak. he was rarely seen or heard after -- until after the election. he sat down for a seemingly never-ending round of interviews which aired today. >> i said at the beginning of this year that 2014 would be a breakthrough year and it was a bumpy path. a lot of the work we have done is beginning to bear fruit. it gives me an opportunity to focus on the other hard challenges that i did not always

have the time or the capacity to get to earlier in my presidency. >> the question is for 2015 whether obama can continue this resurgence and my answer is that he cannot. if he is willing to make it clear to the gop that he will do what he wants to do i questions of policy. there are things that he wants to do that they want to do. this time is strengthening his hand rather than weakening it. >> the economy has grown and we have jobs and a booming stock market. you see his approval rating has risen a little bit. the problem with your analysis is we have a new factor next year and that is the gop congress which obama is not going to be able to control. it is a wild and it can spin out of control and they could seize the nice site -- news cycle the way they could not before there

was a lame duck at home. >> he has 10 months to work with republicans. there are areas where he -- we're unilateral action is possible. he has an opportunity, he will get it done next year. the other thing he can take off his bucket list. >> we need to find out whether him doing something like that would enrage the republican party. make no mistake, it will. whether that will prevent them from cooperating in other areas like trade. >> one reason he is making more face time with economy is the economy is finally alive. after years of anxiety, companies are hiring gdp growth is blazing, and the market is up. if the economy accelerates

this way the question is what are the big broad bipartisan political implications of that. suddenly we have gdp growth at 5%. >> one we're seeing is that obama's approval rating has ticked up. it is good for hillary clinton because her fate to a large degree is tied with him. i think this made -- this would be good news for the republican party because if the economy is not in the tank they will have to come up with some kind of positive agenda that is more than just slamming obama and with that they do it by choice or circumstance, they will have to come up with something better. that is good for them heading into 2015. >> having a good economy is the only way the -- they will hold the white house. if the economy was in the toilet

hillary clinton would have no chance. republicans need real policies and in the context of a good economy they would have to make that move. you cannot just be anti-democrat or in type barack obama. i have not heard any positive economic policy out of the republican party in a long time. i do not know what that would the under any circumstance including this one. >> that is where you see excitement or on the candidacy of people like jeb bush. he is not out there demonizing of obama care which is the only tool they have. >> growth is bad for the populist areas of either party. you are dealing with pessimism and fear. populist do not tend to be with the one in the driver seat.

also making a big comeback is the establishment wing of the gop. jeb bush has been the subject of a lot of media since he said so. he leads the pack in a nomination contest with 23% of the vote. the real question is whether the establishment would have the upper hand, whether there will be a backlash. i do not give all that are because of discussing and a solid growing economy will have a growing position. the fact that mitch mcconnell in john boehner will get caps on please show to show they can ever.

kit five for the populace eyes and heart is a fast clip will make it hard for them to gain traction. packs>> + republicans almost as control of the senate bill. it had been to get this passed. he does not have the power to tamp down this tea party wing. the question is can he balance the tea party and liberal democrats without having things spin out of control. >> he has more votes so it goes in both possible directions. the biggest story of this winter has been the police, the killings of unarmed black man, and the controversies that this has inspired.

it speaks to stark racial divides around the country. my question for you given all the coverage and the intensity of emotion, do you think this story will fade in the course of 2015 or become even more heightened and controversy all? >> two weeks after michael brown's killing in the there would be this bipartisan effort to demilitarize police and they would be something positive and as so often happens it spun out into crazy partisanship. it will get worse with every police shooting swarmed over by people driving the protests. >> one of the things we did learn as this happens with shocking frequency where unarmed black kids sometimes the may be guilty or innocent at it happens. michael brown was not an

isolated incident. the glare of the media is on it and here in new york where there is so much media, the story will continue. that story will not go away. we'll have a brief pot is 40 -- paz for new year. >> there is no reason to think this will change or get resolved. >> it is a confounding problem. that is a dark story and you might think it was a pretty dark year but in two key areas of social relations the consensus seems to be forming around tolerance and progress. marijuana and gay marriage are more legal than ever. it spread to november -- in november 2 or can washington, d c, and alaska. there is signs of backlash that could play out but it seems to

me it is a matter of time before pot and same-sex marriage or legal nationwide. it is a generational thing and when you look at the polling kids today think should be legal in the think anybody should be able to marry anybody who wants to and it is a matter of an actuarial table as it washes across the country. >> washington is not involved. they have been state initiatives and gay marriage could be national before the year is out. >> you have seen this gay marriage thing happen. it is further down the road than the pot legalization thing. game marriage has driven by generational dynamics and the pot issue will be driven by generational and political -- economic issues. >> there is not a big contingent trying to get it read down.

>> fred wilson explains himself in more than 140 characters. we will be right back. ♪

>> our guest tonight is a blogger and a successful venture capitalist and a member of the technorati. thank you for coming on our show. let's start with the interview cyber security, economic espionage. what do make of what just happened and what do american companies have to do to keep it from happening again? >> the have to harden their systems.

it is business as usual. this is what everybody is going to be doing to everybody going forward and you have to be prepared for it and you have to harden your system so it is hard to do it to you. >> are your systems hardened at this point? >> very hard and. >> this movie streamed at $15 million online. $18 million. >> you have it online and in theaters. but we see this more absent a north korean hack attack? >> theater owners do not want it to happen. they want movies to premiere in theaters and they do not want them to the available -- be available online. you could make a lot of money putting a movie out online and in the theaters and we will see

more of it happening. >> you watched "the interview" last week. >> i rented it for six dollars and bought it for $15 and when i could not do either of those two things because i was in a foreign country i bit torrented it. the internet needs to be open for innovation. anyone who wants to put a server on the internet ought to be able to get into business and they should not have to negotiate with these last mile monopolies to get access to their customers. i think with -- the president said we will keep the internet open for innovation and it is good policy. >> how does the republican congress influence the net neutrality debate? >> they are pushing something called title x. the president says let's regulate the internet under

title to which is the pre-existing regulatory framework. >> i do not know any of these terms. i feel like a dummy. >> the democrats love regulation and the republicans hate regulation. republicans will say if you're going to regulate the internet you will do it under a new regulatory framework which they are calling title x. not the old one called title to. >> who has the advantage the white house and democrats or the newly ascendant gop? >> most of the technology community is on the side of the president. they are also wary of too much regulation. i would say that the technology is in favor of net neutrality but they want it to be done in a way that does not allow the fcc and regulators to script the internet. >> let's move on to another topic. one of the big stories was

bitcoin. how does that spool out in 2015 question -- 2015? bloomberg had a story that bitcoin was the worst currency of the year. down 70% or 80%. >> i am long on bitcoin. it is a 10 year story, not a one year or two year story. i'm very bullish on it. in a short run there is a lot of growing pains. technology has not been adopted as quickly as some thought it would be. right now, people are pretty negative on bitcoin but i think it is a good time to be investing and that is what we are doing. >> probably the single biggest technology story was the story of the rise of over -- uber. also the subject of controversy.

there is regulation but the company has created a lot of columns were itself in terms of its public image and drivers. lots of public relations difficulties. is this company going to be the google of transportation or will it trip over its own shoelaces? >> it will be the google of urban transportation. they solidified that market position. it does not mean they will not be a being and yahoo!. there will be multiple players but in terms of becoming the breakout leader in the category they have achieved that and it will be hard for anyone to topple their market position. >> what is the big threat, is government a threat or competitors? >> the other competitors are basically fighting for second and third place in the market. the biggest problem is that the incumbents, the taxis and other

people who are aligned with the old system are now using regulation and government and lobbying to kick them out. this happens every week. and the reality is they have had their own snafus like people doing bad things. that has caused them a black eye. that happens when innovation goes mainstream and new systems get adopted by millions of people. sometimes bad stuff happens. >> and want to ask you you have been politically active and you have been a downer. when you look at the upcoming presidential race and do think about your community, who do you think among the democratic and republican candidates will get all that heat who will be attractive to that sector? >> the establishment candidates

like jeb bush and hillary clinton will get a lot of the money. i think somebody like rand paul who has got very libertarian pro-innovation anti-regulation approach is interesting to a lot of people including me. i do not know that he will necessarily rise to the occasion but people like a lot of what he had to say. >> is anyone in the tech community scared of ted cruz? >> yes. >> have you managed to get rand paul on your side on net neutrality? >> you can work on that in 2015. we were revealed the winner of the coveted desperate of the year award. in a minute. ♪

>> a lot of news organizations are missing on the best world leaders of the are but what about the leaders who really matter, the bad ones? it has been a huge year for thuggish storm and -- strong man. which is why vladimir putin is our desperate of the year. -- desoitpot of the year. a strong man with a soft heart . he stepped in to save a historic friendship. the russian people can enjoy this paradise whenever they please. he made good use of more

military equipment which created lots of jobs by shooting down a civilian airline. his heroic march to power solidified his role as the world's strongest leader of the most important country of the world. >> russia is a gas station masquerading as a country. >> remember when oil prices started falling because of the west or whatever? that is not a problem for huge country with a diversified economy. they pump oil and gas which -- so back off. the ruble is falling. but that is a classic long con. there were some bumps in the road like when those girly capitalist automakers said they would stop manufacturing cars in russia. that is fine. they can always start production of the soviet era on mobile. he wrapped it up with a victory left -- lap.

>> the bear is not needed in the new can stuff the baron turned it into a taxidermy bear. -- the bear and turn it into a taxidermy bear. >> this will -- we will always have the memory of the olympics and the $51 billion he probably spent on that. >> everyone is trying to find an airplane and fox news has a theory that is shockingly not quite sensible. we will be right back.

>> a lot of attention being devoted to the missing airplane. foxnews suggested it was brought down by the network system. >> let's talk the differences. everything about this could be

similar but different, right? >> where live 24/7. up next, "taking stock." ♪

heart swelled into a special edition of "taking stock." he will meet people -- you related differences here. boys to men discuss their stardom in the biggest issue for the music business, how to pay artists fairly for their work in the internet age. her name is explained his site. the trauma from confessions on the field. and jerry springer defends his hands from the call innova