let's not forget that we had in a parked car the regime broke in the leg i think iraq the bombings readable and on the oil. we never got the live shows they're going to keep you safe get ready because you get the other freedoms. but the ordinary would likely they are illegal but can they alone a fellow they'll get the real headline with none of them or see the problem with the mainstream media today is that they're completely disconnected from the viewers and what actually matters to those viewers and so that's why young people just don't watch t.v. anymore if they want news they go online and read it but we're trying to take those stories that people actually care about and transfer them back in t.v.

. you know sometimes you see a story and it seems so for like sleep you think you understand it and then you glimpse something else you hear or see some other part of it and realize that everything you thought you knew you don't know i'm sorry welcome to the big picture . a little.

our guys it's time for tonight's tool time award and tonight we're honoring not just one person within the government but basically the entire state department is the business to do with cyber warfare it's the hot new thing when it comes to fear mongering and it seems like everyone is doing it the next pearl harbor that we confront could very well be a cyber attack that cripples our power systems certainly our grid this is a matter of national security a cyber attack on america can do as much or more damage today by incapacitating our banks or our communications or our our finance or transportation as a conventional war attack of terror could come not only from a few extremists in suicide vests but from a few keystrokes on the computer. well not one to be left out of

a good party hillary clinton gave the keynote speech of the special operations forces gullah dinner in tampa florida this week and in her speech clinton tout of the launch of the center for strategic counterterrorism communications something that obama stablished in this in last september now off rates with a six million dollars yearly budget and its staff is made up of people from the state department the pentagon and the u.s. intelligence community and its forty staff members are constantly patrolling the web protecting america from and engaging in cyber warfare and according to hillary the center's already waged a successful attack patrolling the web and using social media and other tools to expose the inherent contradictions in al-qaeda is propaganda. now she went on to explain how they've carried this plan out to say quote al qaeda is affiliate in yemen began an advertising campaign on key tribal websites bragging about

killing americans and trying to recruit new supporters within forty eight hours our team plastered the same sites with altered versions of the ads to show the toll attacks had taken on the yemeni people so hill dogs saying buoy odd to a pony. or at least that's what we thought when we saw the original report we covered this last night on happy hour but it turns out that fad lee that's not exactly how it really went down as soon as the media started printing hillary's speech anonymous members of the state department started changing the story here's revision number one revision everyone says that it wasn't a web site it was an open forum and that team of multilingual specialists didn't alter a version of the ads this employee purchase and militant ads on the web page but that's only a hack to you purchasing an ad so i'm going to run of the mill targeted propaganda but believe it or not the cyberwarfare e-tail continue to unravel after that state department spokeswoman victoria nuland offered this revision to the epic tale which

is rapidly becoming less and less epic believe me she clarified that they didn't actually buy ads actually there were no ads at all in reality what they did was post to the forums and the posts or even anonymous knew and explained when ever we do this we make clear that we identify ourselves clearly as part of the state department's digital outreach team and we also just make clear that we don't have all of the work is attributed we usually do it on a free site and in a free manner so basically they created a new user account for the forum and made a post oh wow live pretty crazy cyber warfare guys you join an a.o.l. chat bad day too but it's bad enough that hillary clinton pimped this mission as if it involved kick ass cyber warriors schooling al-qaeda but it's almost more disturbing that it took three times. for government officials to get their stories straight clinton says one thing her anonymous aides say another that the spokeswoman comes out and gives a completely different statement well damn if they can't get something so simple

right can you really trust you to go toe to toe with hackers i mean don't go telling your latest cyber victory what all you really did was say hey al qaeda we see you sincerely the u.s. state department not to mention if you want to talk about things being hyped up you know like the threat of cyber warfare than you didn't do yourself any favors in trying to convince us that you're not exaggerating when you clearly exaggerated in this case about a non hacking hack so for trying to look like internet superstars but ending up looking like total nubes the state department wins tonight's tool time award. our guy has time for our weekly financial check out and there's plenty to talk about today last friday all the talk is the facebook i.p.o. whether or not you can call this thing a bust this week there's now an investigation that's been launched into facebook underwriter morgan stanley over what could have been selective sharing of their

downgraded earnings forecast for the tech giant just shows you that silicon valley isn't too far moved from some of the evils that we associate with wall street right so there's that and of course the fact that the entire eurozone is now preparing for a doomsday situation of greece actually departing from the monetary union so here to discuss all of this with me is laura lister host of the capital account here on r t hello lauren iryna let's start with the face i know that last week christine for filling in for me you guys talked about this facebook i.p.o. whether you can call this thing a boss but did you expect it to get just so much more bungled within one week this certainly did turn out to be kind of a cascading chain of events that captured a lot of the twenty four her news cycle along with a lot of yeah different twists and turns between down as down and the regulatory issues. just a lot of retail investors getting hurt in what was a really highly anticipated story stock but alone when there is this much expectation behind

a company like facebook that everybody knows and when there is this told early in saying valuation ninety nine times come the company's earnings it's almost set up for a disaster of some kind but no i didn't think that it was and i think if you're going to write in the sense that it's going to set up to to disappoint right when there's so much hype you know when you want to talk about a tech bubble or just hype or having this herd mentality then clearly and there's going to disappoint you but you don't have to keep average regular every day investors out of the loop and then choose your one percent investor is right basically by selectively leaking information to them i mean that is corrupt i agree but alone are you surprised we're talking about this a massive systemically important system dangerous how you want to look at it institutions that are massive investment banks also research houses also brokerages that of course have these conflicts of interest we've seen the damage and it's come in the financial crisis and afterwards at this point i'm just wondering why more

average people aren't doing their homework on their own because having this you know proprietary information are not there are plenty of independent voices that have been out there saying this isn't a good deal you can just as a facebook user ask yourself how much money have i ever given facebook who does that mean that the company is worth one hundred times what is it has earned so far what it what it stating as far as revenue i mean just think do some due diligence question do you own the whole market i think that if there's any lesson that's come out of the financial crisis it's that you have to be responsible for your financial future for whatever you're putting your money and not just trust what the mainstream media hype or a too big to fail financial firm i mean come on well i mean the you also have you know i guess that there would be. would be considered more mainstream financial media but you have so you have channels like c.n.n. these see who this is what they live and breathe you have people like jim cramer that are out there telling people that this is going to be huge this is going to be

great and they just get to walk it back and they keep their jobs and it's no sweat to them completely and their corporate media come on they're beholden to interests to i mean these are the firms that advertise on their networks to and i'm not you know asserting that i know anything proprietary but you can just i mean imagine the conflict of interest that would be there so i just think that you have to trust kind of especially the mainstream voices you hear and do your own homework and look for more perspectives if you want to talk more about kind of the regulatory issue we can't go you are not going to ask you a question in terms of perceptions reputations because i wonder if silicon valley really has been a little bit safer a little isolated from all of this thus far i mean we always talk about facebook because of who privacy issues that's one thing but there's still kind of looked as this great beacon of innovation in america and they create all the jobs and it's nothing like what we're going through right now with bain capital and with private equity and how horrible and miserable this is but do you think if this is kind of going to tarnish tarnish the facebook silicon valley reputation

a little bit well here's the thing ok there's a couple things that's interesting you mention that because i was talking about last week how some of these innovative social media tech companies that apparently have this new business model have been able to convince everyone that it's a new business model and so exhibit more creativity and more latitude and the way that they account for and report on their accounting for their business in a way that could create some mumbo jumbo in terms of what you're really looking at in terms of what the company is worth the kind of money they're making what their potential is but the flip side to that is the v.c. money in venture capitalism and you were your producer sent me an article very critical of v.c. saying hey this is the same evil as a private equity not i don't i just don't buy the premise of those arguments because ok for one they're saying hey. some of these v.c. firms were were given preferential treatment in this facebook i.p.o. where they got the information that analysts and cut their estimates ok well great

why would you target the preferred clients they're just preferred investors institutional investors the point is either these you know the big firms that are doing this like morgan stanley the underwriter who is giving this material information to only one subset of preferred clients the other thing is this rule which allows for this kind of verbal communication of proprietary information to institutions because they're supposed to be sophisticated enough to know how to handle it but always small investors can't i mean that is is an issue and you can look at that and if that rule is valid or not because i think a lot of people will go hey that doesn't even stand up to the smell test so why is this allowed i mean those are the questions i don't see why v.c. would be targeted the other the other example that was given was because they support companies that maximize their profits which sometimes means outsourcing jobs and i think that's just the business model in the united states that puts profits above all else that one doesn't it was just another example yeah right the profits above all else unfortunately rule the day here we were at

a time that so really quickly we're not going to talk about the as the scene of the phone calls with the happy hour but what's going on in europe right now is bracing for the worst bracing for this greek exit. people have been talking about this for how long right but suddenly it's become a reality but if they've been wasting all this time not preparing you know a look i think this is just one of those things ok now the grex that ok so they have a word for it so everybody's talking about a brand and they're going to bring their leena exactly it's just you know how long is this been going on this was the eighteenth meeting of euro zone leaders to talk about it to talk about solutions and to disappoint everybody when they don't because everyone's still looking to central planners for some kind of solution but it's the same slow train wreck we've seen plenty of people say no way greece is going to isn't going to exit or maybe it is but it's kind of a continuation and so far no giant exhaustion a shock that's going to rattle just just the the doom and gloom headlines i guess they're just going to. laura lister thanks thank you. right just ahead of the shell

fire side friday and then in happy hour as a stirring a new trend online including trayvon martin and should schools put g.p.s. trackers on students to make sure that they're not cutting class taking. of american power continue. going on. might be time revolution. and if. you are very good book. review. you know sometimes you see a story and it seems so. you think you understand it and then you know some other part of it and realize everything. you don't know i'm sorry is

a big. mystery but i. welcome the aloneness so they'll get the real headline with none of them are the problem with the mainstream media today is that they're completely disconnected from the viewers and what actually matters to those viewers and so that's why young people just don't watch t.v. anymore if they want news they go online and read it but we're trying to take those stories that people actually care about and transfer them back to t.v. .

the counseling i'm lauren lyster. to tonight's fireside fridays with your host of cops. well it's friday and unfortunately this week like most weeks we have another broken campaign promise to reflect on it with that thing that obama said about transparency right that his administration would be the most open and transparent administration ever we've covered one example after another that's proven not to be far from the truth. and this week they've been established as at least being called out on it by senator ron wyden he's one of the few democratic lawmakers out there that actually speaks up that take the stand for your privacy your civil liberties that seems to understand the dangers of

a growing and secretive surveillance state and he's exposed elements of the patriot act were being abused he took a stand against sopa and pipa and he's blasted cispa and now this week he's decided to take on a new battle you see senator wyden is also the chair of the senate finance subcommittee on international trade customs and global competitiveness the as a long title but it would make sense that somebody with that title but have access to details surrounding trade agreements that our government is making right well it turns out of the obama administration isn't granting that access to all the surrounds the transpacific partnership it's an international trade agreement between nine nations about which we know very little we're going to get into more details next week but for now what information has been put out there shows that this agreement would ban it by american preferences for u.s. manufacturers and it would create new intellectual property standards that would increase prescription drug prices abroad now just those two things alone are big

deal they would affect prices here in america businesses people and the administration isn't being transparent about the negotiating process or the details with members of congress that should be reviewing international trade agreements and senator wyden says that even after his staff got all the appropriate clearance they're still being barred from viewing the details of the proposals. but guess who isn't being barred by the administration according to senator wyden and these are his own words from this week he says that quote the majority of congress is being kept in the dark as to the substance of the t p p a negotiation is all representatives of u.s. corporations like halliburton chevron ph r.m.a. comcast and the motion picture association of america are being consulted and made privy to the details of the agreement not nice but corporations are being led out of the deal but lawmakers aren't going to guess that we can call this a trend for this administration because it sounds pretty similar the way that they

treated act at the end i counterfeiting trade agreement now there's a lot of anger about this on the hill already on may third more than sixty house democrats and one house republican sent a letter to obama objecting the buy american ban that on may fifteenth congressman darrell issa leaks the entire draft of the intellectual property chapter from this deal on to his website to make a point about the need for more transparency and now this week ron wyden introduced legislation clarifying that the u.s. trade representative must consult with lawmakers during trade talks the idea that you would even have to introduce legislation for something like that to clarify something like that it's ludicrous but like i said it's just yet another example of the promised most transparent administration ever spinning on transparency and cherishing the veil of secrecy.

ok for happy hour on this friday and joining me this evening are two producer age rowdies zero and lucy steiger all socio editor for reason magazine and reason dot com hello ladies who you cited about science. yes i can be if you want me to do that well let me let me start off the story by saying of this fifteen year old kid is actually i'm sure a genius right he came up with he won the international science fair he developed a simple dipstick blood in urine test that screens for pancreatic cancer with ninety percent accuracy and his test is about twenty eight times cheaper and faster than current technology and one hundred times more sensitive which makes you realise we're all getting ripped off. but let's be firm but the best part of the story is the kids reaction when he found out that he was take a lot. of medicine. thanks

. i can tell he was like you know going to get groupies after winning the science prize probably not and maybe blew it fair i'm sure i will be waiting for how to do it probably but i was fantastic like i really like i love that he had that reaction instead of being like yeah guys yeah i'm so excited exactly yes i did it was like ah that's fantastic i wish i would've done that once i'm going to do that like he's done that it fifteen he's going to like any. other me are you going to be amazing and like we'll take over the world with his science brand or it's all downhill and i know i don't think some people get a little too successful too soon and then you know we're going to go. you know pull

in the low here and just like squander everything and are just going to do exactly that never again that was a very low hand the britney spears of the world stars i really just hope for it to go down the same. way about hope in life. we often do we're in stories out of japan because often. what is one is a totally different culture you know we've done interviews on japanese culture and just how different it is and what it is that possibly is going on behind it and you know sometimes they like to do with things here's a japanese game show for example that thinks it's really funny to get shots people . should think you know but if it did there is. ouch are no listen to this this is just for no i don't even know where to begin

it's so awful japanese artist named mouse sugiyama he recently cooked his own genitals and then he served them at a banquet in tokyo he seasoned and praised them on a portable gas cartridge burner then he served them to five either diners who once paid two hundred fifty dollars for the meal spiel does what you're saying like he didn't want to sell you know he had been moved during a general removal surgery in april also they were in a jar somewhere that everything right. forward our medical makes it better would you pay to eat someone than brains. i mean i'm not a foodie so i'm going to say no to that so not for me but i don't insult i just i'm just i'm just saying it's i don't know. it's not my house. and i also am not into fear factor but i'm just saying i mean they pay two hundred fifty bucks so these

people want to but the question that we had was why did you have to have them removed in the first place are you really sure you want to get a sex change or something but when i said i did not part of the story i thought it was in medical. that's right but you said strange because that would be less depressing just like the amputation first i don't know. i don't know what the way to that are going to get out any kind of way how do you know. drives your kids sad story. sorry but i really critical decision about removal of general learning and i have a proposal let's move on ron paul writer of yours. paul you know sometimes he says things and people think that he's crazy for example when he was railing at one of the g.o.p. debates against building the border fence and he said you know one of these days it's going to be used to keep us in and everyone was. laughing at him and so you kind of said similar things when it comes to g.p.s. chips take a look at this. my guess is they'll probably have a g.p.s.

chip so that they could measure everybody. no matter where they go so. well call him crazy all you want but that was about the national id card proposal back then but now it turns out this is the san antonio school district and they want to track students next year on to their campuses using technology implanted in their student id cards and you know basically this is going to improve safety by allowing them to locate students and count them more accurately at the beginning of the school day and they leave their card at home right leg because it's on their card instead of a good name for the rest of their purse exactly so it's like oh ok so it's just i don't it's going to blow up just because i don't feel like logistically i feel like there are so many holes and i got so much of the whole privacy thing right like i don't know you're going wherever i go i'm so glad that i was home school. going to

senators you know we might you know there's no iraqi men at all home so they don't really primary times some of the time on occasion i'm actually going to a short. oh goodness ok. we really end on this this is just so messed up her messed up people in the world and so let me just there's been playing king of the. stuff i see these stupid t. boeing things that go around and now this one the people for some reason think is funny that's called trayvon i don't know if the white house messed up first. i want to go over to his house. and kind of just be there i mean on the. other teenager your parents around you exactly i mean again i love comedy and you know and i'm all for making fun making jokes i mean i love louis c.k. people that are really p.c. at all but i think it's all about execution and it's all about. the intentions

behind the joke like if you're trying to say something about commentary of society fine but if you're just being funny you can just you know horrible per jokes being a horrible person isn't actually a joke it's just horrible you need a little more to it than that i think so like if there were elements of these notes and probably just being a it was a teenager who was like the new me you know who was a teenager wasn't anyone that i don't remember like i mean it's just that it's like i don't want to they're going to. wrap it up like that it's friday thank you for joining me ladies and that is it's for tonight's show thank you for tuning in we have her show on monday for the memorial day holiday but make sure that you come back on tuesday we're going to have more coverage on calls for the trans-pacific partnership agreement to have more transparency you know in the meantime don't forget to become a fan of the a lot of show on facebook and follow us on twitter and if you missed any of tonight's show or any other nights you can always catch it all you tube dot com slash alona show coming up next it's been it's.

wealthy british style. is not on the title of. markets why not come to. find out what's really happening to the global economy with max cons or for a no holds barred look at the global financial headlines tune into kinds a report on r g.

h.