doubt that this isn't necessarily illegal but he wonders whether or not it's good for america and he says not. too many occasions companies do buybacks have failed to make the long term investments in innovation or their workforce that our economy so badly needs because we at the f.c.c. have not reviewed our rules governing stock buybacks in over a decade i worry whether these rules can protect investors workers and communities from the torrent of corporate trading dominating today's market what's the hold up having reviewed the rules of the decade what do you do if there's five bucks. a claim here's five dollars can you please a rig market for me greedy little punk they're concerned trolling they're saying hey share executives were a little bit concerned that we might have to regulate you if you don't make it if you stop making it so obvious you know we need more. we're going to regulate you wall street money i'm too stupid to get a job at goldman sachs you had to be a regulator you could be the perfect one of the regulator so is jay and all the

other regulators so then he goes on to say executives often claim that a buy back is the right long term strategy for the company and they're not always wrong but if that's the case they should want to hold the stock over the long run not cash it out once a buyback is announced if corporate managers believe that buybacks are indeed best for the company its workers in this community they should put their money where their mouth is so that's not going to happen and we've covered that it's obviously corrupt we've pointed it out and perhaps that's why the f.c.c. is saying hey you know executives watch out obviously c.m. d.c. is not covering this fact they're not pointing out that this is corrupt and venal and a special place in hell should be reserved for you just like with sitting alongside justin trudeau you know the kaiser report n r t they're pointing this out and we're going to be in trouble people are complaining to us you know americans all across the country should call the f.c.c. today and let them know that they are concerned about all the share buybacks and that the company executives are. cashing out at the expense of the economy tel

doesn't exist any more because it brought back all the chairs and it's been taken private by jay clayton the f.c.c. so it's like it's also someone exist in the us there was hell to go with haven't capitalism should exist unless there's a penalty for committing crimes so the f.c.c. is saying this is a special economy if you commit massive fraud there's no crime there's no criminal prosecution for you you know the former attorney general of america said eric holder these banks are above the law and we question them i asked them this directly in the airport in washington i said do you still grieve that there is no law that applies to bankers. who rule the room for proof. the guy should be flayed bring a lawyer and i mean let him go on right now there's hearing right on let's show you another headline in the news and again the theme of this show is there's a special place in hell there's a special place and how for justin trudeau this is a special place in hell for these executives dumping their shares while announcing

share buybacks and there's a special place and how for you k. ministers because u.k. security minister proposes digital i.d.'s to enforce online civility ben wallach is theresa may security minister has proposed that the u.k. follow china's example and require that any place providing internet access use bank account verification to affirmatively identify all the people who use the internet so they can be punished for bullying the minister characterized this as a choice between quote the wild west or civilized society he claimed that forcing people to identify themselves before they speak would end mob rule on the internet or b.b.c. . they don't have any free speech over there either if you say anything that's against the government they don't broadcast it i know that from experience on the b.b.c. the government reviewed every single word that one over the b.b.c. that but here's here's the irony our former al the united kingdom. i don't know if

they are ending. because we're a nation of one and here they are saying that we want to we want to copy china we love china's social credit score and we're going to start kicking people off the trains you want to take the train to edinburgh no you can't do i say there i don't know because you know there's a law about how americans are allowed to pronounce at over edinburgh ok i'm going to say it edinburgh who cares let's see if they bleep that in the u.k. and. we left the u.k. because this is disgusting horrible place to live with their mother for a nickel house of parliament the house of commons is a range cesspool of idiots that i wouldn't want even to go to hell that we've been going through a special place in hell called being on the internet here in europe because we haven't been here very over a year and a half we've arrived here and every single fucking site you have to keep on clicking yes yes let me see it out on the stoop of privacy stuff like you know we

know you track us you know you're following us we know access on the internet they're all tracking you if if you wanted to have privacy the only way to do it is to be like richard stallman and if you've ever seen him use the internet you have to be a freak you have to be a geek you have to know how to do that you can't do it you can't be richard stallman we can all be rich just on the but here we don't want to be kicked off trains and planes and and public services just because some bureaucrat doesn't like what we're saying what if they don't like what you're saying what if they find it rude that you're pointing out well in fact this article from boeing boeing points out that in the u.k. where libel laws favor the rich and powerful the ability to speak anonymously has been key to uncovering the historic sex abuse scandal and which the most powerful politicians and businessmen in britain were revealed to be rapists who preyed on children women and men with total impunity so if this law were in effect if they have a chinese sort of system any of those journalists that were pointing. out that you

know the rich and powerful were preying on these children the jimmy savile's of the world memory took a punk rocker got bleeped by the b.b.c. by the way johnny rotten or said vicious one of those guys pointed out that jimmy savile long ago point out thirty years ago member when sid vicious was still alive that jimmy savile was a paedophile and they had they believed it because of these laws but now would have been kicked off public transport for saying that you know all you need to know about the u.k. is that jimmy savile almost became prime minister. that's just i'm not sure what he was but actually it was me this way. as a way to becoming. prime minister then whatever place the flag of britain with something to indicate that necrophilia was ok as far as british standards were concerned oh and speaking of mispronouncing words or staying at the american way i did go to savile row once and i was asking directions i said

this is the seville row. i said it is. right and under the new law you would have been prevented from getting on a train because you took me to somebody in a class that indicated that they spent a lot of time in oxford oxford or cambridge getting. professors ben wallace again he said that social media companies should bear the cost of tracking the identities of all their users real name policies have proved to be a boon to authoritarian rulers in cambodia dictator hans and has embraced facebook creating a direct pipeline to facebook's really in compliance team that his government uses to force critics to reveal their real identities and then they torture them and so just say you know this is what the u.k. wants stop talking about the u.k. makes me puke just to think about the whole i'm not going to say when i say hell has a special place it's called the u.k. out of the second i have no go away.

i. get a phone no i don't have one was the last time that you went on the internet no i have not used to meet these village is it safe it was. a sure there was no actual music ters there they are all going to be sure the baby does a glossy his that is the. one who was going to support the only thought. is dead as part of that is it could be. a. bit more risk. previously yes and no they are being false fall in love where he and his family member of the

society. have. this. disease says harlan kentucky the. overall in this group the voice is people going street fanny's. in a coma any city with almost no coal mines left. the jobs are gone all the coal miners a fed ex. live to see these people the survivors of a world disappearing before their own eyes. i remember thinking when i was younger

that if anything ever happened to the coal mines here that it would become a ghost town but i never thought in a million years i would see that and it's happened it's happened. if. you feel. ill.

and so see i played golf. i've played for many clubs over the years so i know the game inside out it's. football isn't only about what happens on the pitch for the final school it's about the passion from the fans it's the age of the super money killian erroneous and spending two hundred twenty million and one player. book it's an experience like nothing else not to because i want to share what i think of what i know about the beautiful game my great so well more transfer. and peace this minute.

welcome back to the kaiser report imax keyser time now to turn to henry because of a streamer now first of all henry if i pronounce your last name correctly yeah that was pretty good close yeah right yeah ok fantastic is there a big tech scene and startup scene in finland yeah indeed i don't there's a text because you've got some huge tech companies from finland crypt are saying it's an engineering country for sure to stream a project display based on switzerland because that's kind of on for is a better ecosystem for doing these blog chain projects because we still have a big team of developers in finland so it's a better ecosystem including regulations yeah including regulation is the finnish government's position currently about crypt do they have a position is there much activity there yeah i think they're kind of searching for their view on things of course finland is part of the e.u.

they have to like wait for the. decisions on things and slowly that will come down to the national legislation and so on and switzerland as not part of the e.u. but still in the middle of europe they can be a little bit more agile in supporting the kind of new technology and creating an environment that can can support that's ok so streamer dot com s t r e a m r right. when we were. starting out we couldn't afford the domain when we went with the version of the transit was typing quite trendy this is i think a good way to put it so it says data done differently what does that mean so what we're doing is we are to changing the way in which people and organizations can share and monetize the data that they're producing for example when you use applications when you use your mobile phone you're generating data on your behavior

that's currently going to big companies who sell it to advertise. yes the same kind of patterns appear elsewhere as well and we want to change that we want to put the end user back in control of their data so that they could actually earn it by using a service or enable an organization that's producing data for example let's say a factory to share their data share their production estimates for example to a nearby power plant who finds that data valuable because they can optimize their operations in preparation for the demand for electricity from the factory or you could say. let's see a smart car a connected car you're driving around while doing that your car can measure things from the environment maybe road condition data that's useful to the road authorities or maybe cell tower signal strength data that's useful to the network

operators so why we while we live our lives and while organizations conduct their businesses they are generating data that's potentially useful to others but this opportunity is not being utilized today in any way organizations are keeping the data in a silo but by doing so they're also placing the lead on the value of the data and there's no sharing happening at the moment because it's too difficult for their statement and you react to the statement data is the new oil yeah that's very accurate in many ways because it needs to be transported needs to be refined to be used as an end product they also need to be transported there's a long chain of things that need to happen before it's useful and streamer is a kind of a platform for refining the role. to something that's valuable to an end customer ok so data is a hot topic particularly in political terms because we've got

a big scandal with a company called cambridge analytical they. scrape data from social media platforms and they're misusing the data it's being alleged that this data was used to. raid an election in america and twenty sixteen except so how do you deal with the fact that at the moment data got a p.r. problem that you know if i can put it in those terms yeah you can and i'd like to make that more specific centralized data as a p.r. problem right it's something that's out of control the end user people are giving away their data for free to facebook and other big companies google who are kind of taking advantage for that but of course that's their business model that is actually the current and only business model of free services on the internet could that be changed could we put the person the source of the data back in control so

that they could decide who gets access to the data how it gets monetized maybe they earn a share off that all this is possible with technology but it hasn't been possible in the previous generation products here is a question which you probably don't know the answer to this question but i'll ask the question anyway you know it's been estimated that the value of a human being if you were to sell the organs in the liver the kidney the brain to harvest the organs it's worth something like two hundred bucks i mean the kidney now is worth more so let's say it's two hundred forty bucks you know the the break up value of a human yeah as anyone done analysis or study to which the data because your data is like i'm driving that's data i'm interacting with larry for. data because a refrigerator is a source refrigerator and all that data is there any estimate about how much value

potentially my data body is generating. just comment on that i guess yeah i haven't thought about that i mean is probably more than the value of your organs for sure i mean not just what you want your bodies generating but only your actions what they are the products you use the car you drive where you drive everything that can be measured all the actions of a human being combined is certainly worth much more than two hundred bucks ok so year over there streamer so i wouldn't take it that you are trying to create a firewall between individual data and the world yeah so that i have possession and control of my data things actually go right now everything is held together with my skin if i my skin was gone i would be a just a bird gurgling burgling pile of organs and blood implies my right so you create a data firewall and i am generating that i cannot help but generate data because i interact with the world right so you are protecting me or not protecting me

protestation person yeah like any particularly you are you are evil i am saving my data that firewall is called encryption basically and what we can do in the streamer network is have to ending scription so when you produce the data gets encrypted you control who can access that you might sell that access for a fee ride like you pay me you get access to my data this can happen at scale where as a user is a free device like a phone for example millions of people could put their data into the same pool that was the companies like facebook that rely on free data there is their business model challenge that yeah it is for sure maybe there will be alternatives what if there was a like facebook facebook two point zero that allows their users to earn money by using that software i mean that would be amazing probably people would actually actually switch over or if you're buying a phone there's two phones one of them allows you to earn money by using the phone

and the other one is just a regular phone which one do you buy. why if there are otherwise similar course you buy the one that enables you that empowers you to control your data and monetize your data in northern europe which then let us part of they have like mixed economies socialist capitalism is kind of a mix right to be at least now if we can put it like socialism. so but the states pretty big in the states get a lot of benefits up there in northern europe education health is like a real nice place because you can't be left on the street because you just happen to break your arm are not going to be abandoned viber society and turn into a like in america they've got a whole leper colony forty million in a leper colony in san francisco now it's amazing but the point of my question is that they comes back to something called universal basic income fact is everyone is valuable their data yeah right so let's say i don't work but if i can still in time

still get data rich and if i can if i get a thousand or two thousand a month just my encrypted data and selling it selectively isn't that kind of a similar idea yeah there could be states or governments where. citizens are offered a basic income based on the data that they generate good ok so what i do not sure if it would be enough for a living right could there be professional data generator could there be i think not i think it wouldn't be enough for for a decent living in ok what streamer is kind of like in that business so it definitely works on the individual level right so individuals are your users. machines as well i mean this enables machine to machine. they only were robot uprising yeah sure sorry sorry not to care about humans. the anti-human

humans are trans in time we will be replaced by hybrid sort of machines. take some time it will take some time. for a second that humans have a future ok fair enough err no make that assumption ok so you say it's for individuals and corporations and so for example there's a huge corporation and i have ten thousand employees. that were on my going in the right path i mean so we're not it's not really about the employees i mean organizations as organizations conduct. as part of the business they do they collect data they generate data they make measurements of the environment and there are satellites circling the earth and measuring how many cars there are on a parking lot right and this data is valuable to. some traders who are speculating on the stock price and so on so. the imagination of the data collectors is the limit of what kind of use case he's can emerge if we

enable this free for all no one taking it very easy even data and second very human data center lowers i drive my car into a parking lot and i walk away but a satellite is capturing that data about the car that's not the primary data from him and that's the signal there it's a tertiary activity of the generator side right it's a byproduct of me as a yeah so the organization collects all this car is aisha's an environmental organization they want to track cars they can track the cars and then that's the organization organizational level enterprise level collection of data to think about kind of crowd sourcing of data for example an individual could host a pollution sensor on the roof of their of their house right and sell that data as part of. a larger group of people doing the same to an organization maybe a smart city. maybe

a whole health organization interested in how much pollution there is in the air. i could put out a stick a monitor in my arm that tracks my glucose levels maybe i can sell that data yeah i can sell that to medical company maybe you could share that to your doctor frankly because you're incentivized to do so right so there's almost a limit data collection is are we only have a. few seconds left but is there any risk that the data would feel the robot uprising i mean or just playing into their hands are you i mean if that's what they're looking for it's the only refinery to change the same thing ai's can participate in this change by making the data more valuable than i will assume the best case scenario we have to go henry because streamer thank you thank you very much right that's going to do it for this edition of the kaiser affair with me max kaiser stacy erb would like to thank our guests and call

a stream or join to catch us on twitter it's kaiser report and so next time. when a loved one is murder it's natural to seek the death penalty for the murder i would prefer and it be the death penalty just because they think that's a fair thing the right thing research shows that for every nine executions one convict is found innocent the idea that we were executing innocent people was terrifying to smooth the present and that we're even many victims' families want the death penalty to be abolished. the death penalty here is because that's what

murder victims' families want that's going to give them peace that's going to give them justice and we. come in saying. not quite you know we've been through this this isn't the way. to. get a phone no i don't have what was the last time that you went on the internet no i am not used to me to these village is it safe because. i sure there is no actual music ters there and they are all going to be sure the baby doesn't glossy his that is but. i want to. hone in on what they were going only for me is dead as part of the photos if you can get. a. bit more work i was. previously

yes i know they are being false form of where he was filmed member of the society. where you have to go out and. get a. bag. right we're all set starting friday nights not just you know how's the signal. to. be slowing to talk about. just didn't right after the morris explorers want you to put up their. rock. to see what.

ok let's. go welcome to sophie and co i'm so busy shevardnadze and today we're got lots to talk about in our program and our gas days who've been locked out of. whether they see should you go to one of the more so if you'd be in luck because. that's me about what i mean i well me and nothing. but the same. boat. when i was losing money. to move me.

to school i'm. only industrial in that presumes that instead of a watch musical blood from a piece from the. winter with a mint oh is that and there have none removed can you be here michel. this

is special coverage of the biggest football event of the year the fifth cup final. put in a stunning performance. giving the south americans on the brink of a shock from the world cup. football followers from all over the world as central street unofficial. with the festivities in full swing.

and another new.