do has been successful in traditional text search. that is the majority of our business. we just as introduced a product called google instant that does the searches as you type. it's as a couple of seconds. it turns into it enormous productivity. . .

>> one of the things that eventually happens is that we don't need you to type at all

because we know where you are, with your permission. we know where you've been, with your permission. we can more or less guess what you are thinking about. we troy to find that line to try to help you understand more about the world around you because of the development of phones and the world's knowledge base, we can provide you a lot of things to get through the day. >> i've heard you call this augmented humanity. >> just for the record, as far as i know, we do not have a

medical lab working on transplants. >> just for the record. >> i'm not sure you really want to walk through town with these odd glasses on. >> augmented humanity means letting computers do what they do well and humans do what they do well. what is it you think humans do well? >> that's a good question.

>> computers do things we can't do at all like remember billions of information. humans have the ability of judgement and remember recommending patterns. we do automatic translations. humans can help computers get better and computers can help computers get better. if you take this forward, it's obvious computers will be our

assistants. this means, you don't need to remember as much as you used to. i was in virginia , at the time, i had to memorize all 50 county capitals in the state of virginia and i did. why? it bothers me to this day >> you are never lonely and never bored. >> yoe. i wish it was. >> there is still an off button. >> you described a system that is guessing and making

judgements about what i'm going to be interested in. that's beginning to intrude on the human sfeer of unique at rib uts. there are really two strains of thinking. there does it keep you up nights? do you worry about what will keep us from that vision of the future?

ultimately because technology is available, should you be forced to use it or subjected if you don't want it. technology is used by evil people. cell phones and technology, even google are used by evil people. there are probably ways we can automate and look at bad behavior and modify that. you can imagine the phone

telling you, you are a place you shouldn't be. >> and telling somebody. >> and you could turn the phone off at that moment. >> what have you learned about human nature?

>> it's truly amazing how global these markets are. people are pretty much the same everywhere. that means they have pretty much the bad things as well. people want to be entertained complaining and arguing that those criticisms are ill informed. they are much more prepared to lead the world because they are more global. >> thank you very much.

[applause] >> next treasury secretary and fed chairman at the first meeting of the final stabfinanc >> one nation working together rally.

we'll hear from human and civil rights leaders. watch live coverage from 12 eastern here on c-span. >> mr. cameron, you were an optimist once. now all you offer is a miserable pessimistic view of what britain can achieve and hide behind the deficit. we won't let you get away with it. >> sunday night at 9 p.m. on c-span. >> hey, middle and high school students. c-span's video document.

down loadly january 20, 2011. you'll have a chance to win the grand prize of $5,000. this is $50,000 in total prizes. this competition is open to all students grades 6-12. >> the financial stab ilt over sight council joined be three non-voting state regulators. this is a half an hour.

>> we have a very strong set of new laws and legislation for over sight of this financial system the supervisors of the

world have come together to agree on new international capital standards which brings in the stronger global standards. we all know why we are here. we have causes caused by the complicated factors we allow large parts to operate outside those rules this body is charged

with putting in place those new rules and trying to give us the capacity to deal with financial risks. >> this law and this council is designed to protect the independent authority and co-lab operation. we are going to be careful to preserve that basic balance and try hard to make sure that these riels ahead of us of the group

and agency around the table is done carefully and quickly. that we preserve the right balance between the system our group requires. we want to make sure as we do new rules, we take the opportunity to stream line, eliminate, the very consistent body taking place. we want to shorten the time in which we identify merging standards and markets that could cause damage between when we identify and respond to those actions we'll go around the

table quickly looking for the chairman a clear commitment around the table thank you, mr. chairman. >> thank you. i would also like to thank you

for your standing up to the council. i'm pleased how you and your staff is tackling this they really listened to all of us we pressure effort. taking action before they spiral into more significant problems this council is much needed

>> thank you for your leader ship i'm honored to be a part of it. in 2008, the financial system failed. the perspective i bring as a result of the failures, many of the public is still suffering. i think it is an opportunity for us the financial system should

be a play where investors and savers can get a return on their money the financial system should be a place where people can henl their risk. one of the challenges for this council and the american public is the number consequented. some people have come to believe taxpayers stand behind these institutions it's unlikely they

we will never see a financial institution fail again. it's important that given that challenge that the taxpayers are not forced to stand behind these institutions i think the most important things we do is make sure the public doesn't bare risk and that investors and small businesses come to think the system works for them. >> the oversight council is

tasked with identifying int intersystems. bringing together these regulators an important tool for addressing the problems of too big to fail new reporting by private investment firms i look

forward to working with you as we get it all done. our system divides responsibility and market oversight. we have eached worked in our respective areas of responsibility but the financial crisis demonstrates the limits of that approach. the macroeconomics or market developments it can help us look into dark corners of the

financial system to make sure that risk aren't migrating or concentrating elsewhere when we find such risks, we look forward to working with other agencies on this important mission >> thank you. it's a pleasure to be here. thank you to you and your staff forgetting us started so quickly many have already been working together for many months now. this council gives us an opportunity to system ties the cooperation that has been ongoi

ongoing. i look forward to this system. we experienced the interconnectedness of the risks and institutions we oversee. i think this council will be helpful in preparing future challenges. >> when i assumed the chairmanship, the two largest

residential systems bought sdilones of dollars of security bought by unregulated rates. a handful of institutions threatened the entire credit system. i'm pleased to say as of last friday, the effort to remove the risk to credit systems. our guiding principles were to ensure that this doesn't occur as to no loss to taxpayersen

shuring the help and practices will provide a vital tool thank you for your leadership. i look forward to a good working relationship along the way weover see as partners the institutions we provide a broad

range of service providers. the whole range of financial service providers. i look forward to things going forward. >> the director of missouri state department of financial institutions jo thank you, the creation of this council at the federal and state level to work to ensure stable and competitive financial markets, where regulators are not working together, risks will be am tied. i look forward to providing that expert he's to this process

connections with other activities may impose the impact. the investment activity proven resiliant throughout the crisis. information will lead to new financial product that could place new and unpredicted pressures on the mark oat and economy. the work to identify and address these new entities, market and products. this effort will require forth right cooperation. i am committed to this endeavor.

jo thauveng. the deputy director of the north carolina state security administration. >> thank you. i'm honored to be a member of this council. all financial sectors dpanler and enact on large amounts. this council responds to the need to manage the risk. central to better detention and intervention. state security regulators serve as an early warning system. usually the first to identify the risk and trends developing

and have the potential to impact. the inclusion creates a body to all access regarding the accumulation >> thank you. i want to turn now to our normal agenda. >> i want to start by asking the council to consider the resolution before you on the by laws. these have been designed together. first, let me ask is there any comments

>> so moved. second. >> all in favor say aye? any opposed? . second, you have before you a resolution on transparent si policies. we think these represent best practice across agencies. they provide a careful balance between the need for open sessions and recognize that often we'll be discussing thing that's involve market sensitive superadvisory and those thing that's need protection. >> i just wanted to thank the

secretary and everybody in the staff. we really do bring this business into the public sfeer where we can. >> i would agree with that. it is important for the public to understand the functions and issues we are grappling with. how we are doling with them will be good for public confidences. >> could i have a motion to approve the transparent si policy? >> second. >> second. any opposed? ? excellent. we have two additional

resolutions before us on special rule makeings. first is the advanced notice seeking public input any comments, questions on this? could i have a motion to approve? >> so moved. all in favor? any opposed? ok a resolution asking for approval seeking public in put

on the vocal rule studies in the process of dpining to figure out the information seeking in put on the process any comments on this resolution? >> could somebody remind us houment months and days we have to do this study? >> mike? >> six months. six months to the conclusion of the study. >> six months and then nine months for rule making after.

i urge the public to send in comments fast. a document we would like to release the complex set of rules this provides the overview. the purpose is to give people a

sense of fitting together and commenting in on the sense. jo i would ask whether you would each be comfortable putting together a meeting. any opposed to doing so? none. on some of these designations to the extent that we can align our work that we bring that together by early fall. all of you in particular in the

scope of the rules required and complexity of the issues involved we will release the road map. that brings our agenda to conclusion excellent. thank you very much.

>> i ask for a motion to adjourn the meeting.

>> today, a one nation working together rally. more than 150 national, local and state organizations are participating watch live coverage from the lincoln memorial >> on friday, president obama officially announced the departure of rahm emanuel. leaving the white house to run for mayor of chicago. this is about 15 minutes. >> ladies and gentleman. the president of the united states.

>> thank you. >> good morning, everybody. welcome to the least sustain pensful announce. of all lime.

my chief of staff, rahm emanuel has announced he will be leaving office for a new challenge. i knew we were about to face some of the most difficult years this country has seen in generations. the challenges were big and margin for error were small. two words, an economy on the

brink of collapse. choices about healthcare education, how to rebuild the middle class that had been struggling far too long. i knew i needed somebody at my side who i could count on day and night to help get the job done. in my mind there was no candidate for the job who would meet the bill as well as rahm emanuel. that's why i told him he had no choice in the matter. it wasn't just his experience in congress and the white house and politics and business, it was also the fact that he brings an unmatched level of energy and enthusiasm and commitment to everything he does. this is a great sacrifice to

move out here. rahm gave up one of the most powerful positions to do this. in the last 20 months, he exceeded all of my expectations. it's fair to say we could not have accomplished what we have accomplished without rahm's leadership. for nearly two years, i have begun my workday with rahm and ended my day with rahm. i have intruded on his life throughout the day, any day of the week with enormous challenges. his advice has always been

candided and insightful. a passion gnat desire to move this country forward and lift up the lives of the middle class. he has been a great friend of mine and will continue to be. he has been an outstanding chief of staff. i will miss him dearly as will members of my staff and cabinet whom he has worked so closely. i don't think anyone would disagree that he is one of a kind.

many of you remember peat as the top aid. he was known as the 101st senator he's been one of my closest adviceors he has served as one of my senior adviceors there is a saying around the white house let's let peat fix it. and he does. he's known as a skillful problem solver. the good news for him is that we have plenty of problems to

solve. i am grateful to him and look forward to working with him in this role. these men have two different styles i pointed out that rahm when he was a kid lost part of his finger in an accident so i have rendered him mute. peat has never seen a microphone or tv camera that he likes and yet there's something in common here.

as president of the united states, you usually get the blame or the credit around here. the mram is usually well discerned. the credit goes to the men and women who work in this building. it goes to people like rahm and peat and the hundred of others who are here today who sometimes get attention and sometimes don't. they have sacrificed. come here everyday to do the best possible job and often times don't get the thanks they

discern. i went to say how proud i am and particularly of my out going choef of staff rahm emanuel [applause] >> thank you. thank you, mr. president for those again rows words. thank you for your warm friendship, confidence and the opportunity to serve you and our

country in these times. needless to say, this is a bitter sweet day for me too on the one hand, i'm excited to beheading home to chicago, which as you know, is the greatest city in the greatest country in the world. i am eager to see what i can do to make our home town even better. the chicago bears are 3-0. i am sad to leave you, the vice president, my terrific colleagues here in the white house and cabinet it has been a prif lenl to work with and for

you i've watched you work with unfailing grace and courage. you've taken on the powerful interest in this town willing to challenge the warn out ideas and thinking that often stands in the way of the progress. mr. president, i thought i was tough. as money who saw firsthand standing up in the toughest times any president has ever faced.

you never lost focus on why we are here. not just to score points but solve problems. i have served you as a member of your staff but i observe you as a friend i have seen what few are privileged to see. the father whose heart breaks when i writes a letter to the parents who have lost a son or daughter ob r on the battlefield. seeing the range of stat tis

yiks the child who struggles and the single parent with limited income and unlimited potential. you have lived that dream as have i. my faernl and my grand father came this country for opportunity. they came hoer for a better life for their children. my mother marched with martin luther king because she believed that none of us is truly free until all of us are. both my parents raised me to give something back in a community that has given us so much. i want to thank you for the opportunity to repay in a small portion the blessings this

country has give enemy family. i will never leave that spirit of service behind. now because my temperment is sometimes different than yours. i want to thank my colleagues for your patience. i'm sure you've learned some words you have never heard before and an assortment of combination of words. we learned together when a group of committed people can achieve together.

peat has been a good friend and brings decades of experience to this assignment i want to thank my wife amy and our three remarkable children. i hope to end this soon so they can all get back to school and get to their exams. mr. president, thank you. i look forward to seeing you back in chicago. [applause]

>> next, live, your calls and comments. after that, remarks by house

majority leader and live at noon, the one nation working together rally.