tv Bloomberg Business Week Bloomberg September 11, 2016 4:00pm-5:01pm EDT
4:00 pm
carol: welcome to "bloomberg businessweek." i'm carol massar. david: and i'm david gura. carol in this week's issue, : could exxon be liable for allegedly misleading the public about climate change? how canada's prime minister is a little bit like donald trump. carol: really? david: sort of. carol: and does vladimir putin prefer hillary clinton or donald trump for the white house? david: all that on bloomberg businessweek. ♪ carol: we're here with the editor-in-chief of bloomberg businessweek, ellen pollack, and we have a story in the market finance section. if you look at tech companies
4:01 pm
like google and amazon that want to provide all the storage for wall street and financial information, what going on? -- what is going on? ellen: the sec wants to put together a database of millions and millions and millions of trade so they can look at what is going on in the market. what they really want to know is what is causing these flash crashes. what has led up to it? to do this diagnosis, you really need the data in a way that you can manipulate it. and look at it and to do it by hand is incredibly time-consuming, and you need a lot of storage. so, both amazon and google are bidding for this work. of course, there are a lot of players and wall street is against this. in part, they feel like maybe the data will not be completely secure. carol: they will have to give it up to some extent. ellen: they will have to give it up to some extent. david: the private prison
4:02 pm
industry in a few weeks ago president obama saying he wanted to reduce the reliance on private prisons. and what this article looks at is how that industry is adjusting in light of changes in demographics and perception of private prisons. ellen: as soon as the justice department said they might reduce their reliance on companies for prison services, you know, the stock of at least one of the companies went way down. their idea, if they can diversify and halfway houses and other community-based systems for helping prisoners transition from actual jail sentences to real life as we know it. carol: let's talk about opening remarks. you have a freaky picture in opening remarks. david: an amazing picture. carol: merging the head of prime minister of canada and donald trump. they are like you guys say? in some way. ellen: it is a fabulous photo.
4:03 pm
it is much better when my child merges my photo and hers. it is a little freaky. what we are looking at is how both trump and trudeau have used social media. carol: trudeau is really good at it. ellen: he's really good at it and social media loves him. every time he takes off his shirt, which happens on a regular basis compared to most heads of state, he's all over social media. he knows how to use it. now the question is -- would donald trump do that if he were president? it is sort of an interesting question and is not quite apples to apples, more apples and oranges at this but the story point. makes the case that this kind of celebrity and this social media virality can actually help a leader govern. david: from one shirtless head of state to another.
4:04 pm
vladimir putin sat down in russia for a very long conversation and a rare opportunity. ellen: it was two hours in vladivostok. a far ranging conversation in which they talked about everything from the u.s. election to syria to iraq to disputed japanese islands. it was a pretty major interview and a really great opportunity. david: and we talked to john about that interview. john: it came about because vladimir putin had this forum that he wanted to promote and was going to the g20. and he wanted to talk about that as well. but the only rules were we had to ask him about those, and after that we could ask him about anything. it is more typical of the new vladimir putin. he is much more willing to converse, especially with
4:05 pm
western folk. he is feeling confident about dealing with these things. carol: and it was a wide range of topics. john: there was no prohibitions. david: you asked about the presidential election and the hacking story, which continues to have legs here, the allegations that russia had the democratic national committee . what did he have to say about all this? john: one thing about how ready he is to engage. on one hand, he says, we don't care who wins. we are not involved. this is all a rather strange show. and not entirely healthy is the way he pictures it. on the other hand, there is a desire for russia, repeatedly, to be treated as an equal. their politics should be watched as avidly as america's, so they still have, and this is coming from a british person they still , have the hangover of once being a superpower and now being a regional power, but not at that level. carol: was he reluctant to talk about anything? even though he said --
4:06 pm
john: he avoids questions and will, at different times -- i asked at the end if i had a choice between watching the "godfather" and "doctor zhivago." and which would be a better guide to modern russia? he went on about the russian spirit and the need to understand modern russia. that is buried inside the culture. so, he avoided the question. i said i thought he meant "doctor zhivago" by that and he smiled. to be fair, hillary clinton has been occasionally been known to avoid questions as well. david: there's a bit of endurance involved with this. you set down with them for two hours. was he ready to answer any and all questions? johnny: yes, he was ready to not answer every question as you know and that's part of journalism. there is some tendency with putin to think he's particularly bad at that and i don't think that he is, really.
4:07 pm
there is also, to be honest, if you want the journalists interviewing him in english, you have a slight delay the translator so it sometimes hard to interrupt. i think to some extent, he's not that used to being challenged on bizarre topics. carroll: you did kind of challenge him. you did push back on some things. john: his people at the kremlin said he wanted to be challenged. which is interesting. he finds it boring if people don't confront him. it is part of his personality. i met him a couple times before. always kind of off the record things. there, he's probably even more direct. there is a degree of machismo, you only have to look at one of them. a picture of david emerging naked on a horse. there are many of me in a similar position.
4:08 pm
tends to be more relaxed, more cautious if those things don't sound contradictory. carol: do you feel there was any point where he was more revealing than he has been? john: when you land a blow, he smiles a bit. the question about gazprom, the value of it has gone down. he tried to defend it and i said he would be unlikely to keep a general that lost 4/5 of his army. and he did smirk a little bit. and went on talking. he has some degree of -- he likes combat, putin. you think of the obvious things. that is part of his personality. david: what is your sense of how he regards the united states? there was a moment where he talks about the relationship between john kerry and sergei lavrov, his foreign minister. they see each other fairly often. the dialogue seems very robust. diplomatically, how strong is the relationship?
4:09 pm
john: he has a sense that he remembers the world when russia met america. for all the things he says about america, all the dismissals he has, it is still the core of the way he would like the world to be. it is a little bit like a jilted spouse or a jilted lover. carol: getting the perfect image to capture vladimir putin's conversation with bloomberg was the job with creative director robert vargas. david: we talked about the cover image. let's start with the u.s. cover. a portrait of putin. clearly, among other people. what was the philosophy behind using that photo? >> when we shoot heads of state, and we did the same when we shot obama, we want to approach them more as people. david: less posed. robert: yeah, less posed, just catching them in a moment that feels natural and authentic. we felt that this photo actually does that.
4:10 pm
he was aware of this being shot, but he seems to have his guard down a bit. he is not posing. he is not confronting the camera. not too aggressive. carol: he's not smiling. robert: he's not smiling. which i think is the default, to not smile. carol: did it go smoothly? robert: once we got there, it went smoothly. we were preparing for any number of things to happen. if he wanted to walk off on us, he could walk off on us. he has every right to do that. so we were kind of preparing for the worst. we did not expect the airline to lose the photographer's equipment. and so, after that happened, it was a bit of a panic. he found the one lighting set up in vladivostok. which is not known for -- the sort of, it is known for its conveniences or it -- conveniences. and it all went well after that. david: the other cover is icier. robert: we liked it for the tone. it is a tone you don't see a a lot with this type of
4:11 pm
portraiture. carol: did you create the tone afterwards? robert: the photographer created the tone afterwards. it was shot -- in the situations, lighting did not go as planned. a little darker than usual. when he lightened it up, he got this blue tone. carol: very cool. >> it was a mixture of doing it in post and a happy accident. we ran with it and the framing is a lot more traditional but the color gives it a different feeling. not what you would expect. david: up next, hospitals give patients a dose of virtual reality. carol: dozens of lawsuits challenge silicon valley's alleged obsession with youth. david: and thanked the cloud. tv pushes the backlog. an effort to win a new generation of fans. we have a handy guide. carol: that's ahead on bloomberg businessweek. ♪
4:14 pm
♪ carol: welcome back to "bloomberg businessweek." i'm carol massar. david: and i'm david gura. you can also listen to us on the radio in new york. 1200 in boston, 901 fm in washington, d.c. a.m. 160 in the bay area. carol: and the technology section, where to get a prescription for virtual reality. david: we talked to caroline. >> this is still pretty new right now and it is still in the early stages where they are trying the new technology to see if they can help relieve pain. the theory behind it is that our brain can be distracted. when we think more about pain, when we ruminate on pain, we actually we feel more pain. they have seen this in the mri. when the more you think about
4:15 pm
pain, the more your pain receptors fire. the basic theory behind using virtual reality for pain is basically the same as meditation. we want to take your mind off of pain and transport you elsewhere. so you're not thinking about the pain. david: you profile a number of patients in your piece. let's start with a burn patient who had a pretty horrific injury. how was virtual reality used to help her in treatment? >> yes, we talked to a teenager who unfortunately was in a bonfire accident and was pretty severely burned. one of the things they do for burn patients is they have to basically take the dead skin off of the ones. -- the wounds. that is obviously extremely painful. they gave her this virtual-reality software called snow world. basically, using her head and the focus of her eyes, you throw snowballs at penguins. there is an icy landscape. the idea is to take your mind
4:16 pm
off the pain. so, they would give it to her during times they would dress her wounds as a distraction. carol: another patient waiting for a vital organ and the use vr to take this patient's mind off of the waiting process. >> yeah, so similarly, he was playing this game which involves throwing balls. they all seem to be chucking things. it took his mind off the pain he was experiencing and also to help him hopefully reduce the amount of pain medications he was taking. he was able to go somewhere else because he had been stuck for so long in a hospital room. it started to feel like he was in a prison cell in a way. you gave away to go somewhere
4:17 pm
else, not be staring at the same four walls of his hospital room day in and day out. david: staying with the technology section older workers , in silicon valley are fighting alleged ageism to keep their jobs. carol: we talk about jobs in silicon valley and a lot of people go there often with multiple jobs and multiple offers and all of that good stuff. if you're older, it is a different experience. >> that's right. carol: what did you find out? >> it is very hard to be older and admit that and get a job. if you want a job in silicon valley, you have to pass for younger. david: talk about how people are doing that. starting with fashion. as you detail in this piece, there is acute awareness of how young people dress and you found young people modeling themselves on that. >> that's right. the uniform is jeans, t-shirt, sneakers. if you're 56 years old, you might feel funny doing that. but if you show up in a suit or
4:18 pm
even baggy trousers, you will look really old. and so people we met were going to parking lots of places they were interviewing at and checking out the fashion and figuring out, ok, maybe i'm not going to go for the jeans, t-shirt look, but i will wear slim fitting khakis and a polo shirt. in sneakers may be. -- and that sneakers maybe. carol: and it makes a difference? >> absolutely. carol: that's interesting. you write about one woman, i think she was in her 50's in the road couple things she did adjusting her wardrobe. talk about the social media she got involved in and other things. >> she made sure she had a ton of connections on linkedin. she got really familiar with sites so that she understood what millennials were reading, what music they were listening to. what movies they liked. celebrities they liked. carol: kim kardashian. >> that is and superheroes.
4:19 pm
one. she checked out urban dictionary a lot, which is a lot of millennial's line -- millennial slang on it. she knew not to mention things like the sound of music. you will be ancient. you've got to get rid of a lot of references to your favorites when you were growing up. you've got to replace them. and she did that. david: are companies in silicon valley aware of this? you quote mark zuckerberg talking about young people being smarter, more ambitious. lending to the belief that young people driving silicon valley where it is today. what do companies have to say? >> publicly, they say they are age diverse and privately admit they prefer younger people. there are all sorts of reasons for that. people tend to hire people like themselves and you have so many , companies out there founded by
4:20 pm
20-year-olds, 22-year-olds, and hiring a 56-year-old seems really hard. carol: i kind of thought after the financial crisis, a lot of older individuals lost jobs after the financial crisis, and i felt like the last couple of years, companies are serving to appreciate the experience older workers had and welcoming them back. that is not the case in silicon valley? or what? >> they have the enough young people and they have enough people from the u.s., college grads, from overseas coming in. it is flooded with young people. i do not think they would turn away necessarily old people that are super qualified but they are not looking for them. carol: how family connections can muddy business relationships. david: and some call foul on the new soccer stadium. ♪
4:23 pm
♪ david: welcome back to "bloomberg businessweek." i'm david gura. carol: and i'm carol massar. in the markets and finance section, a bank you may not have heard of. david: stadium naming rights bought from a soccer team you may not have heard of for $100 million. carol: we spoke about recent criticism of bank of california. >> bank of california has been making tons of loans and it has grown tenfold and bought a few smaller banks in california. and also a bunch of assets from banco popular. carol: and stephen sugarman is the man behind the growth of this bank, correct? >> yes. used to run a hedge fund. he wrote a book called "the forewarned investor." it was about how to find potentially fraudulent companies. it turns out his new bank, one
4:24 pm
of the red flags might apply to his own company. david: let me ask you about his aspirations for the company. there has been this rapid growth. it is still very much a california-based bank. zeke: he says there is a tradition of midsized banks finding success staying focused on the state. there are billboards around l.a. and he just made a deal to name a new soccer stadium. he really wants to build his brand in the city. carol: it is a successful bank, right? zeke: profits have been growing and it has the best stock performance of any midsize bank the last couple of years. he's been doing really well. david: you mentioned the red flags and the stadium. let's start there. this bank signed the deal upwards of $100 million for naming rights to the mls stadium in los angeles and things get a bit thorny? zeke: about $100 million.
4:25 pm
according to my colleagues, this is the highest paid rights for mls naming rights. this is for the second soccer team. so, kind of surprising it would be so valuable. it turns out steven sugarman's brother, jason, is a minority owner of the soccer team. carol: a lot of alarms go off here. how does the bank get to do this? where's the board? where is the oversight? zeke: they say the brother had no involvement in this deal and that any time they have deals that involve related parties, independent board members look at it and sign off on it. but it is hard to imagine two brothers wouldn't talk about a deal like this. carol: especially when $100 million is more than or equal to their profits you point out for 2014 this is a lot of money. zeke: it is a large amount to spend on advertising. a huge amount to sink into
4:26 pm
any one deal. david: steve and his brother, part of a very influential family. you look at the role the family plays in california. whether anything untoward is happening or not, there are a lot of members of that family in positions of influence. zeke: right. the brother's father-in-law is a famous movie executive who is the lead owner of the soccer team. and the brother also ran an asset management company or consulted for an asset management company that the bank acquired. so definitely their relationships have been big as they grow. carol: it is all about your details. it is done so well. there are a lot of cases about these related party deals. what does sugarman say about this? zeke: now he says the board has vetted it, everything is independently valued, and it was
4:27 pm
impossible to avoid given his relationships in southern california. when he wrote the book he said that disclosure does not make related party transactions ok, and it could be a sign of problems down the road. david: speaking of oversight, oaktree, the big investment firm, they've invested a lot of money in the bank itself and there is a relationship there some would see as questionable. zeke: yeah, so after oaktree invested, the bank lent money to oaktree and oaktree also paid fees to subsidiaries of the bank for asset management services. since then, oaktree sold their whole stake. just to make this web a little more complicated, the president of oaktree owns the best will team with peter guber, the father-in-law of the brother. more people that know each other. david: up next, is exxon liable for climate damages? we will look at the ongoing investigation and controversy. carol: plus, is your tattoo say?
4:30 pm
♪ david: welcome back to "bloomberg businessweek." carol: we are inside the magazine's headquarters in new york city. david: what exxon said about climate change and why it matters. carol: take a cruise ship through ground zero. david: and why some women are bailing on the veil. ♪ david: we're back with the editor-in-chief with bloomberg businessweek. so many must reads. in the company's news section, a look at little hollywood across
4:31 pm
the pond. london has become the capitol for a lot of people doing animation and visual effects work. >> big in london. it has been going on for a while. the u.k. has given all kinds of tax breaks for this work and as a result, a lot of companies doing it on the west coast of united states have suffered from the closings and they cannot compete with those tax breaks. they are really valuable. now the brexit has happened in the currency is on emissions favor them even more, it is become an even better place to do special effects. you have a lot of classic hollywood movies like star wars series and the special effects are being done in the u.k. an interesting story, couple moving parts, a couple lawsuits, a widely popular videogame, a web hosting company and then you have cisco systems. i feel like everybody is
4:32 pm
pointing the finger at. ellen: who knew that sometimes these problems are caused when there are outages, glitches, not so much by the videogame that you are playing or not so much by the web hosting company but by the networking equipment. there was a controversy when a very popular videogame, game of war, fire age, which is not something i personally have played, they had some very significant outages and they blamed their web hosting company, peak web. and peak web tried to figure out what had happened and it was software bugs in the networking equipment. it was made by cisco. they said they did have bugs and that they would fix it. by then, it was too late. david: a look at saudi arabia.
4:33 pm
we have heard about that country's plans for the future in light of the fact that oil has gotten so cheap. here, you are looking at social changes underway. there are some. they are not great particularly when it comes to saudi arabia women. ellen: saudi arabian women are not permitted to drive. david: still. ellen: still. it is an anomaly. yet women are modernizing and they are allowing women to modernize more. some women have stopped wearing the veil that covers almost all of their face. they are still wearing headscarves. they are giving up the veil. they are wearing more colorful robes. while that may not seem like a massive change in saudi arabia , it really is. it makes it easier for women to work and makes it easier for them to be out in the world. some people think it is partly because the price of oil has gone down and it is more important for women to be out in the world and working.
4:34 pm
it is a major change. carol: there is an interesting story about exxon. the question is, does exxon become the phillip morris of climate liability? that is what paul harris looking at. ellen: it is really a fascinating phenomenon. there were some big stories in the l.a. times and climate news about how exxon scientists had unearthed the threat of climate change decades ago and exxon continued to fund organizations that were climate change deniers. hashtag that developed, #exxonknew. there were some people saying that exxon could be the new tobacco industry where tobacco companies were sued becasuse they had known about the health effects. david: and suppressed it. ellen: and so it all has sort of ballooned into interesting litigation. carol: it will be interesting to
4:35 pm
see where it ends up. we talked to call him -- talked to him about the story. >> the basic allegation goes back to the late 1970's. exxon understood, its scientists understood, and told top management that man-made climate change was real and already affecting the atmosphere. and that the company did not adequately disclose this to the public. that is the basic allegation. carol: how did it become known to the public? there was a couple folks that did some reporting. >> yes. the most significant one was a nasa scientist who testified in 1988 about global warming saying it was real. that resulted in a front-page "new york times" article. politicians like al gore shed light on those kinds of findings. the point was that for more than
4:36 pm
a decade, exxon had already been doing its own research. and not just its own cutting-edge research but was synthesizing the research done by others. exxon scientists were saying to exxon management that this is what the consensus is among scientists out there. carol: how did it become known that exxon knew internally that maybe what they were doing was contributing to global warming? >> oh, i see. it was basically through good shoe leather reporting. the l.a. times working with an environmental reporting group based at the columbia journalism school on the one hand, and on the other hand inside climate , news, an online publication that is on writing on environmental topics. david: you detailed about how surprised exxon was by that reporting. how they begin to think something was colluding against them here. how do they react this news when it first came out with mark >>
4:37 pm
they reacted as they described in a whack a mole strategy. they tried to respond to each individual report, subsequently to congressional calls for investigations in a very reactive mode. they did not get out in front of the story and say, this is what we knew, this is what we did not know and this is why behaved the way we behaved. they were not organized to do that in that fashion. they were very defensive. they went into a classic corporate defensive crouch. carol: this reminds me of the tobacco industry and what they knew, how long they knew it, and how long they kept it quiet and then it became public. >> this is exactly what exxon was so afraid of. they did not want to be compared to the tobacco industry. some of the people that pick up on this critique, individual
4:38 pm
outside scientists, organizations like the union of concerned scientists, have been making a comparison for a number of years. when the investigative reporting crossed paths with the theorizing that oil might become the next tobacco, which is a saying among certain environmentalists, that is why this is such a potent criticism of exxon and why it amounts to more than a one or two week pr issue. this is potentially serious. does exxon become the next phillip morris? that is the question. carol: also in the future section, a photo essay on the arctic circle. david: now that the ice is vanishing, cruise ships are taking advantage of the northwest passage. >> this was a project pitched by a photographer. katie wolinsky who we have worked with before and has done a lot of work on longer-term projects in the arctic. she did a huge piece on the iditarod. she is someone thinking about
4:39 pm
the arctic north. carol: she likes to be cold. >> i guess so. she had access to a place to sleep on the crystal serenity cruiseship, the first commercial cruising vessel sailing to the northwest passage. she pitched it as an idea. we thought it was a great business story and something worth seeing. we sent her to get on the ship in nome, alaska. she sailed through the northwest package there's passage. -- northwest passage. david: if you get on this boat, what do you see? >> the cruise starts in seward, alaska, not all the way up the coast. it comes around to nome and then you move through a series of interconnected waterways that are frozen for most of the year. but because of climate change and the time of year, they are
4:40 pm
clear. the deal, a lot of times, the icebreaker votes are escorting the cruiseship and a bunch of brown tundra that is been uncovered by the melted ice. carol: and a sad part of the story. >> it is. what is interesting also is this will be the first ship when it lands in new york to make this voyage. there was a cargo carrier in 2014 but also made it. for centuries, there have been hopes of finding a northwest passage to asia as a shipping route. we are not anywhere near that being a reality at this point. carol: up next, a growing debate as to whether delaware's business court is active. david: tattoos get a closer look at the food and drug administration. carol: where to find your favorite classic sitcom every night of the week. david: that is ahead on
4:43 pm
♪ david: welcome back to "bloomberg businessweek." carol: you can also find us on radio on channel 119 and on a.m. 1130. a.m. 1200 and boston 91 fm in , washington, d.c. in the politics and policies section, why delaware's historically pro-business court is facing growing criticism from business. >> delaware has had a number of laws favorable to companies in terms of defending themselves from lawsuits, expediting matters. it has basically been a jurisdiction or court that has favored to some extent directors over some investors. it has been looked upon as
4:44 pm
having favorable laws for companies. half of the public companies in the united states are incorporated in delaware. it may not be based there but they are corporative there. carol: you bring in transpacific global. it is a great story. it is a little bit of a soap opera, if you will. it is a couple that created the company and i guess they like each other, love each other. >> it is a great story. the founders met at nyu the graduate business school. they formed this translation company. it is based in new york but incorporated in delaware. they were fiances though they never got married. over time, they did become fiances though they never got married. their relationship split up and they seemed to follow. they could not agree on how the company was going to be managed, or how the company was going to be run.
4:45 pm
what happened was that the state of the company ended up in the delaware courts. they were each at one point 50% owners. the judge did not know what to do. he ordered the company sold. what happened that there was pushed back by top employees. they rallied around and said the judge has gone too far. this is beyond the power or should be beyond the power to order the sale of a profitable company. and what you have now is a grassroots fight going on in delaware over whether judges should have this power to impose a judicial fiat that this profitable company be sold. you have about a dozen top executives in this company who have formed a group, citizens for a pro-business delaware, and taken out ads in newspapers and
4:46 pm
on the radio. carol: they reached out to someone to form this, right? there is some question on who is funding this. >> one of them reached out to an acquaintance who knew someone at a shop in new york city that organizes strategic campaigns. they put together collectively this effort to push back against the judge. or the judge's ruling or the judge's power in delaware. there are about a dozen top executives but they will not tell us who is behind the company or pulling the strings. they say that all of the top executives are. but right now in delaware, in this jurisdiction that is so friendly towards companies, you have a group saying, the delaware courts have gone too far and they are hostile to companies. david: why regulators are looking into the safety of tattooing? carol: we spoke with the editor.
4:47 pm
christina, touches. i do not think it matters who i look at, old, john, men, women, everyone seems to have it is a one. growing business. >> i was surprised when the study said 30% of americans are estimated to have carol: do you one. have one? >> no, i do not. david: i don't either. this piece details how the fda is looking at the risks of tattooing. something that seems not to face a lot of people that get them. talk about the science and the concerns that some people have raised. >> it turns out that the fda has authority to regulate the inks. they would fall under cosmetics but they never have. carol: how is that possible? needles, inks, people's skin. >> i know, they look at cosmetics. they say they have not had enough complaints over the years to justify the competing claims on time and money.
4:48 pm
it is true between 1988 and 2003, there were just five complaints to the agency about the inks. we talked to the head of the tattoo national association. named sailor. he attributed the rise the sort of do-it-yourself kits which if you go online, you can find videos on how to do it from home and the proliferation of cheaper inks. some people and researchers at universities has begun to look at this issue. there was a dermatologist who compiled data that had been coming out of the u.s. and europe and incidents of people finding things in the inks like mercury or charcoal. carol: these are not good things. >> now. there is no such thing as a category of tattooing. -- tattoo ink. some of the pigments are industrial grade.
4:49 pm
4:51 pm
♪ carol: welcome back to "bloomberg businessweek." i and carol massar. david: i am david gura. this week, the etc. section, a review of a popular chinese sci-fi series that is being made available in america. you highlight a three-part story by a chinese author. 1500 pages in total. that is a sizable barrier to entry. why should a viewer take a look? >> yes, great question. it is a trilogy.
4:52 pm
the third volume is being translated for u.s. audiences on september 20. in total, 1500 pages. the first two books are 900 pages, so between now and september 20, you have to get moving if you want to catch up. you should read them in order. it is an interesting trilogy. it is the first book in the trilogy called the "three body trilogy." the first book wound up on the reading list of mark zuckerberg and president obama. these are people that like to think about the future. it is good to understand how the world might end through the lens of another culture. think about how often we are the ones they can to set the narratives and here we have china doing it. carol: that is interesting. so much is censored in terms of what is coming out of china so we do get a glimpse into chinese society. >> we do. as much as this is a a sci-fi book, it is amazing what the sensors let him get away with. he sort of weaves that narrative
4:53 pm
into a larger one like stories with brains in jars. they stand 400 years. i will not try to summarize the plot much further. david: the reviewer writes that it is confusing but it is also something that will grab a reader. >> the reviewer loves this. he told me about it months ago. i thought, sure, whatever. carol: he has read the whole series. >> he is very passionate about it. it is a harbinger of more chinese sci-fi we are going to see in this country. just like with any american sci-fi or western sci-fi, it is hard to generalize all of it, but we will start to see more of it because i think we like to think about the world through different lenses. this is a new one for us. carol: the new vintage tv guide. david: it is ready to stream. here is sam. >> i was watching the hbo series "the night of." it is their most recent crime
4:54 pm
drama, and at the end of every episode which i was streaming on apple tv, there would be a little promo for a documentary that hbo aired a year ago. it was very good. i have since watched it thanks to all of the promotion at the end of the show. it got me thinking that -- carol: that is what they wanted you to do. >> i do anything they say. it did occur to me that television providers are now like publishers in that they have a backlist of shows. if you like this, you may like this. and be it is time to bring this back into the rotation. we have always thought of television is something that goes away but now there is a whole wealth of shows. carol: like, mom and dad you watch that. >> right. you can go back now. in a conversation with other staffers at business week, we re-create a lineup of all of the great tv shows basically from the time and date. david: the anti-cord cutting plan. >> right.
4:55 pm
this is believing in legacy tv. carol: what about the monday lineup? you try to stay true to their timing today, right? >> the idea was to re-create the perfect night of monday night television, as you might have experienced it. nonfootball monday night. carol: i love lucy. the show that never goes away. >> nor should it. carol: we are so glad it does not. >> absolutely not. we picked the episode from 1952, one of the famous ones where she is consuming a health tonic but she does not realize it is 23% alcohol. david: she is getting snookered. carol: very nice. very nice. she gets drunk in the process. >> hilarity ensues. she gets drunk in the process. hilarity ensues. it is a great way to start off the week. it is one of the foundational episodes of television comedy. with that, we go to another block in the foundation about a dozen years later, the "dick van dyke show." i picked an episode with mary
4:56 pm
tyler moore, dick van dyke, and carl reiner. in that episode, mary tyler moore very humorously has to apologize to carl reiner for saying on live television that he is wearing a toupee. david: here's a question for you, we had someone on the show a week ago talking about going back through empty because he archives. is this stuff that is not been readily available for a long time or are these networks doing more like hbo is trying to do to get you to watch this stuff? is it newly out there or has it been out there and we have not been paying attention? >> i think is much more the latter. i think when you look at streaming services, and while we are saying this celebrates old-fashioned television, everything in this story is available on the new streaming services like apple tv, netflix, amazon. all of these shows were around but i think now, more packaging is happening. it is happening right there on the screen when you go to the menus. you see one show and then related shows next to it.
4:57 pm
providers realize they have a lot of material. to quote a tv executive from the 1990's, is not a rerun if you have not seen it. carol: what was your favorite story? david: i like virtual reality being used for health care. i think we focused on virtual reality becoming cheaper and used for gaming but to put it to use in hospitals for patients with severe burns, awaiting organ transplants which means it is a way to deal with the painter distraction. it is really interesting. carol: i loved the pictoral essay. going to the northwest passage, the first crew line, what an amazing trip. not expensive, wealthy passengers, $23,000 for the cheapest passage. there are pictures depicting the individuals who went, what happened on the ship, a little bit of what they saw and he said part of the story was that the reason they can do this is because of global warming. david: an amazing issue that you can get on newsstands or online. we will be back here, next week. ♪
5:00 pm
erik: coming up on "bloomberg best," the stories that shaped the week in business around the world. apple rolls out some sleek, if unsurprising, new products. saudi arabia prepares to roll back some costly projects. and the ecb's era of stimulus rolls on. >> we know they will have to extend out the program. they have said that. >> we know investors love stimulus. it is a candy they cannot get enough of. >> central banks keep taking more action, but can they get a reaction from the markets? >> markets essentially are now ready to ignore the fed. >> negative rates are turning from being part of the solution to part of the problem.
64 Views
IN COLLECTIONS
Bloomberg TV Television Archive Television Archive News Search ServiceUploaded by TV Archive on