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tv   Bloomberg Business Week  Bloomberg  July 24, 2016 8:00am-9:01am EDT

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♪ >> we are here with the editor of bloomberg businessweek. the failed coup against president erdogan and the massive crackdown on journalists, teachers and other different folks. this is a story we actually had in the works before the coup.
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we were doing the story about an opposition type newspaper in istanbul. what it was like to run a newspaper that felt free to criticize the regime when so many other papers were being cracked down on and what it was like to be in that position. and the coup started suddenly our story took on a different dimension. it turns out the editor we were writing about is one of the people on their list of people they don't like post to. post-coup they're cracking down more on opponents >>. they've never been great with journalism. it's been tough to have a free press in the country. >> they basically is not a free press in turkey. a complicated situation. we talk about how for the press is really complicated. the guy we so to focus the story on is no longer in turkey. >> you approach the story in a different way.
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you were looking at the role of the opposition. just been a matter of days but how has that changed? ellen: i think they're cracking down on many different aspects of society. they are putting judges for targeting list -- they are putting judges on lists, teachers. using it to consolidate the and preventogan another coup. >> you look at pokemon go. this phenomenon. yet but a promise our department that i will. nintendo, so late to get into the mobile gaming space. this is a company that did not do it entirely on its own. ellen: the company that i sleep developed the game was niantic and they are a spinoff of google. the people who run this company
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had worked on location technology at google. google earth kind of projects, that have translated well into this game. it is sort of son of google kind of thing. about theant to talk features section. you guys talk about donald trump in his support in silicon valley . specifically teal. -- specifically peter teal. ellen: sort of his own kind of guy in silicon valley. ,e mentioned a statistic something like 70% of donors. peter teal is a libertarian and he is supporting trump. spoke at the convention. he is not the sort of trump supporter you would expect. he is an immigrant. he is gay. he has not been a traditional republican and he finds his own way.
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we talk about why he would be interested in supporting trump and why this might be good for his business and various interests. david: what about this public platform for him? i think about the role he is been playing behind the scenes. we know of his political beliefs. very prominent role for him speaking on the stage at the rnc. ellen: it is. some people suggest he actually wants to embrace chaos right now. trumpts to bring our own and sort of white the slate clean in washington. -- he is ahaos disruptor in the extreme. it is part of his disruption strategy. we talk about the way he plays chess. very accomplished chess player
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but he uses a move that only grandmasters use because he thinks it will shake of the game. best as thewn godfather of the paypal mafia. founded paypal in the late 1990's. the key figures tosilicon valley are tied peter. the thing about him, he is sort of on another planet ideologically from those people. your average tech person is sort of a mix of socially liberal and libertarian like a lot of business leaders. libertarianadical makes him kind of the curious fit for donald trump but also just a curious fit in silicon valley. >> where some of his views? >> the most interesting thing from the past week, he said he
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is proud to be get a. , loge republican party cabin republicans controlled the statement shortly before saying the platform was the most anti-gay there had ever been and the fact that peter thiel gets up and says i'm proud to be getting, that is interesting -- proud to begin a, that is interesting. he is also pro-marijuana. not the usual thing for a republican party convention speaker. >> it is interesting to have someone -- >> you see this crazy mishmash of things he is known. himer media in 2007 out of or sort of published the fact that he was out to certain members in his inner circle. he sort of went away quietly and years later it was revealed he had been secretly funding these lawsuits that ultimately led to
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gawker cost bankruptcy. at once this supersmart intellectual but he's also an operator. i think when we look at this speech europe to see it in both terms. he is putting forth his agenda but is also trying to protect his power in a lot of ways. >> how does he feel about immigration? how does that job with the republican party? >> on taxes he is sort of a doctrinaire he libertarian. immigration is a tougher one. techally speaking, companies are more dependent on immigration than any other industry. the h one b visa which is controversial in some circles is extremely possible -- extremely popular in silicon valley. carol: the tech community often avoids politics. the past few years we have seen a lot of tech companies.
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big-time lobbying. they've got more involved. people arenally tech proudly a political. it makes sense when you think of the fact that for like 20 years tech companies did not have a lot to do with government. in the past few years the whole tech world has moved into the regulated spear. a company -- regulated spear. their main customers are governments. >> how did his colleagues in silicon valley feel about -- >> it is an off grid -- it is an awkward question. donald trump, as he is in other industries is a polarizing figure. in silicon valley he rankles people. silicon valley is touchy-feely. as donald trump my call it, politically correct. hiel cost support of him --
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it seems to me people were pretty close to him have not talked about it. david: the republican national convention. we talked to ron vargas about creating the cover. talk about the decision to go black and white against this kind of fleshy backdrop. rob: the photographer we hired was great. quite super deliberate. also something about black and white, makes it little more timeless and makes it more iconic. in certain respects kind of --'t know carol: what was the message you guys were trying to get acrosscarol:? rob: there was not a deliberate intention behind it. i think we just want people to
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read into it however they want to read into it. the process this year is a lot different. maybe people always say that. i guess it is up for interpretation. don't want to impose our own ideas on the color. david: we associate right with republicans and blue with democrats. a peach? rob: a fleshy tone, maybe 10. maybe a trump tone. not tos very deliberate see red or blue or anything that had any kind of connotation behind it. this is a bit of a weird color admittedly but we thought it paired nicely with the black and white and did not lead people to think we chose this because it is a republican color. carol: how many different photos did you guys look at? rob: maybe five or so. we do have a picture of trump on
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the inside. something about this photo stood up to us because it is a somewhat diverse crowd. the woman in the center is holding a trump sign and looking admiringly. it captured this very special moment from the people who are a part of this. over all the personalities and trump and things like that but sometimes you forget these people are there because they are being supported by their base. something interesting about that . david: thanks so much. carol: the mormon millionaire working to build a utopian community in vermont. david: wal-mart's plan to bring jobs back to the u.s. is off to a slow start. carol: kaiser permanente designs and automated hospital of the future. ♪
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david: welcome back. carol: you can find us on radio channel 119. one fm in washington dc and a.m. 960 in the bay area. david: wal-mart discovers it is not that easy to bring back thousands of manufacturing jobs the u.s. former u.s. head of operations at walmart came out and said they feel what's good for the u.s. economy is good for walmart. we are all just sort of climbing out of the recession at this point. they were going to spend $250 billion more over the next 10 years on goods that were made in america. carol: that's a lot.
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about halfl-mart has a trillion dollars in sales. over 10 years, 250 billion dollars. it is a lot of money and no other company has come out and done something like this. they said the reason they were doing it is that they felt like they wanted a strong u.s. economy. they wanted job creation in the u.s. that was good for the business. it also is good pr for them. they are making a big push. retailer --were the go back how many years, everything was made in america. shannon: the great irony of all of this. walmart has been blamed for helping -- the wto, nafta and other things in china they have done. famous for really pushing companies to lower costs. pennyating over a p and that is what pushed
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companies to go overseas and move production to china to meet the demands of walmart. the irony here is walmart has been blamed for sending hundreds of thousands of jobs outside the , really here they are the only retailer making a major push to try to bring made in the usa products back. carol: roughly three years ago that they set out on this mission. is it working? \ shannon: there is a group that walmart has worked with that is supportive. they tallied up the number of jobs that have been created based on public announcements the company has made. we are at about 7000 jobs. carol: is it too early to tell? maybe it does take a while. can they actually make a difference and create a lot of jobs by doing this mission? shannon: if walmart spends $250 billion they will be able to create 250,000 jobs in the manufacturing sector. when you count all the indirect jobs like, someone has a job so they are getting their hair cut and nails done it all of that stuff, it could be as much as one million jobs estimated. these are projections and that
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is -- even boston consulting group, even they said that is hard to calculate this. --all goes as should be, david: kaiser permanente has a plan to become the most innovative health care organization in the u.s. >> they are really interested in figuring out how to use technology to prepare for health care 10 years down the road or even further. and to craft what they see as the future of health care. carol: they got this huge warehouse where they are exploring this. i mature if you visited. talk to me about it. caroline: they use this to create a template hospital when they were about to build 13 new hospitals to comply with seismic standards in california. they built these hospital rooms with cardboard and people could rearrange the layout however they wanted. when they got a little more settled with them they try to build the hospital rooms and put
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in furniture and they built a mock hallway and asked about 1000 stakeholders to come in and give comments. doctors, nurses, patients, consultants. they had the janitors come in to test whether the janitor carts could fit in and out of the doors and go down hallways smoothly. the idea was that they could save money by having this template hospital in place. once everybody signed off on it, they went out and build these hospitals they could just copy and paste. carol: you write about monitoring technology in your story. i'm guessing that ultimately this is about kaiser permanente being able to improve the bottom line. it's got to be all about cost control. caroline: absolutely. kaiser is looking ahead to the population aging.
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haveople age they tend to more chronic illnesses. we know patients with chronic illnesses eat up a whole lot of the budget when it comes to health care. how do we keep patients at home? 59 million virtual exchanges in the last year, whether that is e-mails, telephone calls or video visits which is actually more than the total number of in person visits which is about 50 million. .his keeps people at home it means they don't have to come in for service as if they don't me to be there. hopefully this can stop people from coming into the er which is very costly. they are looking into different ways to help people stay healthy home. carol: a 19th century document inspiring a massive sustainable community in vermont. ♪
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carol: welcome back to bloomberg businessweek. in the feature section of potential mormon utopia in vermont. david: the multimillionaire behind the scheme. >> a librarian named nicole and so -- she saw a series of land purchases, 900 acres in four towns surrounding the smiths monument. joseph smith, founder of the mormon church, was born in vermont. david hall has a utopia planned which is based on documents created by joseph smith. carol: this plan involves these communities. a 20,000 persons community. caroline: it is a long ways off but that is the hope.
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it is supposed to be built on 5000 acres and have 20,000 people. the plan is based on a vision 1833. smith had in he and two fellow mormons went into the woods and they had been studying an old testament prophet who managed to create a city so perfect it was lifted off into heaven. they were hoping to find something similar and they had this vision. the document was lost for a long time in the mormon church has never given it very much significance but david hall found it and has been studying instance the 1980's. he says he is put more than $100 million into developing this plan and has plans to sink in another $150 million more. carol: it's like a contained community and sustainable but there are businesses, places to socialize, all in one. caroline: everything is right there. you should be able to walk
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everywhere. everything is about half a mile away. the whole place is surrounded by nature. he is very much into drilling and believes it could be sustainably done. carol: i mentioned it community of 20,000 but he really wants to build 1000 of these new vistas in vermont. caroline: 20 million people. carol: what do the folks of vermont say? caroline: they are shocked. i think it is hard to believe this is happening. on the other hand call says he has 150 engineers working on plans. they are not at all happy about this. the fact that he has spent nearly $5 million scooping up more land in central park -- more land than is in central park scares people. david: hillary clinton's army of door-to-door canvassers. will they convinced that we trump voters to switch sides.
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? carol: shifting in a major way to adapt for climate change. ♪ [hip hop beat]
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♪olympics 2016, let me get you on my level. ♪ so you never miss a moment, ♪ ♪miss a minute, miss a medal. ♪ ♪ why settle when you can have it all? ♪ ♪soccer to wrestling. track and field to basketball. ♪ fencing to cycling. diving to balance beam. ♪ ♪all you have to sa♪ ♪ is, "show me," and boom it's on the screen♪ ♪ from the bottom of the mat, ♪ ♪ to the couch where you at? ♪ ♪ show me the latest medal count♪ ♪xfinity's where it's at. ♪ welcome to it all. comcast nbcuniversal is proud to bring you coverage of the rio olympic games.
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carol: we are inside the headquarters in new york city. david says rio is up for sale. defense.opilot carol: it is all ahead. ♪ in the company and industry section, a look at shell. more and more to the threat of climate change. is all in with
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natural gas, which people view as a transition source of energy. natural gas is cleaner. turn plants on and off. they are looking to be more of a gas company than oil company. are moving in that direction. not that it will take over the oil business, but more of what they are pumping out of the ground is gas than oil. the stake inwhere gas is lower is bp. all the others have increased their guests output. -- their gas output. there are obstacles. it is a complicated business. terminals, build
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liquefy the gas. it is a complicated process. carol: also complicated, going public. you talk about spotify and their plans to go public. there is huge valuation out there. will that justify a? not profitable. for investors, there is reason to be skeptical. withfy is negotiating labels and the question is, what percent did they give labels? that is always the question. those negotiations are ongoing. until you figure out how much giving, it is hard to know what the profitability is going to be. david says this is a hard line of business to make money. >> you have to compensate the
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labels. who aree artists unhappy with their compensation. carol: not easy when you have people like apple to compete against. david: a wonderful photo essay. tell us about it. >> we have a series of wonderful , partlyd white photos of the crowd. it takes you there in a way you .id not know carol: we caught up with the photo editor.
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david: what did you want to capture with these photos? looking into the people who operate within the ecosystem of this large political infrastructure. were looking for backstage moments, whispers, things like that. photographer was photographing all of the convention. carol: what about the photo of donald trump? >> no one knew he would be at the convention on monday. a bit of a lucky break
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for us. huge -- of reporters. you have seen 20 or 30 photographers bombing the vix the section -- the vip section. the candidatesee is a lucky opportunity. it was a gamble. i think we got something unique. david: tell us about roger stone and what this image captures. an informal adviser to the donald trump campaign and an outspoken critic of hillary clinton. he was in the media section of the arena doing interviews, this great moment of -- the wizard of oz, the man behind the curtain. and itthis white suit differentback to a
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era. carol: newt gingrich, it almost epy.s cre is camera flash and a cast that shadow on him. this one felt like it was the spirit of the rest of the page. david: the republican national convention was not the only story. carol: canvassers are going door-to-door in hopes of winning working-class voters. a particular focus on white working-class nonunion voters, but are going to be front and center in the election, like pence vain you. like pennsylvania.
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i followed their field director in western pennsylvania as he tot to make the appeal white, working-class, votersrine -- nonunion in areas that have been hit hard economically. about bothsuspicion candidates. went to pittsburgh, a city hurt economically. concern is a lot of these individuals who cannot get a break, maybe don't have a job or have struggled over the last few years, these are potential voters that could go to donald trump. >> i talked to a voter after walking -- after watching a canvasser talk to a voter. they were going to vote for donald trump to send a message that something needs to
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change because we cannot have another politician in there. that couldrs worry get traction, especially in places like these towns out like pittsburgh, where donald trump believes the clinton's history with trade deals will hurt hillary clinton. carol: how transparent are they talking to voters? affiliateentify as an , a brand in the region outside pittsburgh. it is a positive for a votto voters. they insist on making a point that they are not from the democratic party and they assess candidates on their issues. they endorse our pro label and union backed candidates. our economicy push issues. they believe they have
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credibility because they do not wade into issues like abortion or guns. how to maintain your privacy online. david: how to define autopilot. that is ahead. ♪
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carol: welcome back. david: you can listen to us on the radio and also on am 1130 in new york. step-by-step guide to protecting yourself online. you canost basic thing do to e-mail or social media is sign up for text message login verification code. that goes a long way to protect your account.
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ways around that. the second step we recommend is setting up a pin code at your cell phone provider. to beer cannot pretend you, send those codes to them and get access to your accounts and lock you out. two things, you will be a long way down the road to protect those accounts. those are the two things we recommend you start with. you also talk about things that have happened. you mentioned a journalist whose twitter account was hacked. 's social media accounts got hacked and the hacker got so deep into his computer, they got into his macbook, iphone, ipad, you raced all of his data. hishackers erased all of
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family photos. that fora lesson in silicon valley. you have to set up login verifications. if he had it, it would not have happened. carol: you also talk about clearing your cookies. iseverybody thinks a cookie -- rightfully so, the way advertisers target you, but they are a tool for hackers to target you. when you log on to the internet and websites collect data about you, attackers with network , they can use those cookies to target you and find you on the internet. this is the higher end of the spectrum. it is one less way attackers can find you online. it is an important point to
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remember. if you compile this dossier on yourself, it is helpful to refresh the files, delete the cookies and start over. self: tesla defending its against autopilot lawsuits. and ohio driver was driving along a highway in florida and was engaged in autopilot. it seems his hands were not on the wheel and the car did not recognize an 18 wheeler was crossing the highway at the same time. there was a collision and the driver died. accidents. two more one in pennsylvania and one in montana occurred where drivers autopilot,ngaged
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lost control and collided with a barrier. what has happened since then, lawyers have been pontificating. they are wondering what does the crash mean and is tesla going to be held liable? carol: who is liable? is the company liable? what did they say to drivers testing out the autopilot function? beena's argument has clear for years. he has been saying in the event of an accident, drivers will be held response. this is not a taunus driving. anders need to be careful have control of a car like they would any other car. function and ay bit of a luxury, but should not change the way drivers focus on the road.
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the counterargument is that when autopilot,product you are asking for drivers not to pay attention. called anhis argument attractive nuisance, similar to if there is a swimming pool that is not being guarded by a fence and neighborhood fit -- neighborhood children start to jump in, who will be liable? it is likely to be the homeowner. the argument is tesla could be the liable despite of structure and to keep your hands on the wheel. tesla has put out warnings. what if there is a design flaw or the design is defective. does that make tesla liable? >> it will only enhance
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arguments. there have been previous cases that ask the same question over antilock brakes. it will be up to a judge and jury to determine whether a product defect is in play here. if that is what they find, tesla could be on the hook. david: rio is on the hunt for revenue. ♪
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of hosting theve olympics, rio state is broke. carol: the governor is selling his residence. this is one asset that was transferred over to the pension system to sell to the highest bidder. this was a unique asset. y 20th built on the earlie century. carol: this is an exclusive place. it is isolated from the rest of the mess in the city. it is covered with jungle. it used to have these big feast roaming aroundre the ground. the elite went there for parties. it is part of the state on anment's effort to put
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brave face and show they are cutting their own flesh as well. it is not going to be something to fix their problem, but a demonstration they are selling off their own assets. could it go for? this money they are helping closed a little bit of the budget deficit gap rio is facing. tough to say. the executive in charge of selling the property, he was unsure about if he would be able to sell it and less sure about what the price would be. it is a unique property. there is nothing else on the island. it is just someone's future private paradise. david: a book. dead, a called "playing
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journey through the world of death fraud." she was drowning in student debt and joking around with a friend maybeinner, talked about faking your death and discovered there is a whole industry. you reviewed the book. did you like the book? >> i did. carol: there are people who can actually help you fake your brett -- fake your death. them is easier to help disappear than fake their death. by faking your death, people will come looking for you. someone disappear is almost as good. he helped about 50 people disappear.
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carol: how do they do it? to cuthave to be ready loose anybody or anything you have love or affection for. the less money you have in the bank, the easier it is to erase. necessarilydon't have to go far. you can hide close by, in plain sight. told the writer he was thinking about arranging his own disappearance. which is sad. people who are tired of this life, they can kind of create another one. what did they do to fake their death? what is involved? you wantends on where
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to go. in the philippines, it is almost sort of a national industry, dead bodiesn rent and people will stage mock funerals and you can buy fake death certificates and all that stuff. also people who are hired by insurance companies who spend their careers chasing people down. carol: what was your favorite story? photos in the magazine. focused on the speeches, donald trump, his family. very cool how the magazine went behind the scenes. carol: i liked the story on the mormon utopian villages. and create to house these incredible villages.
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designs, itecific is a great read. we will see you next week. ♪
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ofly: we bring you all our top interviews. coming up, intel facing fresh headwinds. servers the key to its profit. pandora is out with earnings after reports the internet radio company rejected a buyout offer. after a year at the helm of c

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