the mcafee agreed that the finance director nature pocket near eek became concerned about the cast is encircling insurance was in the spirit that we two thousand and eight. sean quinn apologize to making a gesture that the actual state of the company. both sides agreed to keep matches confidential. the second to be seen mr quinn told the mag a shared sean quinn needs to be reined in prison isn't he being greedy in relation to his contract. the difference and i'm no chance that i was first told about the extent of mr quinn's intestine shares as mec of september two thousand and seven trumpets tactic to look like the hunter chief executive david tom asks him to go because he knew sean quinn at martin. mr fitzpatrick told court the day were shocked to find an actual clinic down but i'm more than twenty percent behind those shares see this can be dangerous to the bank as it could make the share price fall attire in march two thousand and eight sean printed on tuesday we took time to unwind his position which he felt that by lending money to the claims by fifteen percent to buy those share

. >> reporter: a survey by mcafee found that 96% of us are indeed using our smart phones for t photos or receive intimate photos on them. so a word of advice. >> it might be a good idea to archive them, maybe encrypt them on say a desk top or a laptop, or best case scenario just delete them. >> and ask the recipient to do the same. or better yet, just don't do it. and according to mcafee's robert siciliano, don't trust programs that promise to delete them for you. >> once you share any digital media with anybody else, you completely lose control over it. >> reporter: losing devices is another way photos and messages are lost, because 27% of us still don't secure devices with pins or passwords. >> and important lesson. >>> canines from across the country will compete for top dog. >> the westminster kennel club gets under way today. today's competition includes hound, toy, nonherding. three new breeds are welcomed to the competition and they are the rat terrier, portuguese pekino and also the shanook. >>> still to come, looks like starbucks, but this is no starbucks. we'll explain the r

[laughter] [applause] >> thanks to erik brynjolfsson and mcafee, after a "the second machine: work, progress, and prosperity in a time brilliant technology."

let's talk about those pesky terms and conditions last month i had a chance to talk with john mcafee the founder the popular back of the computer security programs we talked about how people don't usually read the terms and conditions that come along with the smartphone apps that they download onto their phones they just kind of click that button and say yes i read it but mcafee didn't read the terms and conditions of the bank of america smartphone application and what he told us he saw was pretty shocking check this out. it was amazing a bank of america if you would think you know what what do they need. you give the bank of america application which is the remote banking application their permission to turn on your phone and make phone calls at your expense and without telling to turn on your camera and your microphone without telling you at any time and to transmit pictures and sound files now while you may not exactly be signing your life away to bank of america you're giving the big bank a great deal of access to your private life whenever it wants and that it's pretty weird and

[laughter] [applause] >> our thanks to erik brynjolfsson and andrew mcafee, authors of "the second machine age: work, progress, and prosperity in a time of brilliant technologies." we also want to thank our audiences here and on radio, television and the internet. i'm andrew leonard from salon.com, and now the meeting of the commonwealth club of california, the place where you are in the know, is adjourned. [applause] [inaudible conversations] [inaudible conversations] >> we would like to hear from you. tweet us your feedback. twitter.com/booktv. >> the context here is that lee and his reputation in the modern-day as someone who counseled acceptance and submission and resignation to the situation. and that has always struck me as, it's a sort of series that doesn't add up in the sense that we know he was the most prestigious man in the south but were told the counseled submission but we know in the end the south didn't submit to the will of the north. they begin very quickly to contest the northern understanding of the meaning of the war and peace in northern plans for reconstruction. and

professors eric brynjolfsson and andy mcafee. >> where we always needed human beings suddenly we haves that are good and getting better quick leigh. >> we have been astonished at how rapidly things are happening, whether it's self-driving cars, computers that can place jeopardy and beat the best champion. you are seeing a wave of technology that can automate all sorts of cognitive tasks. >> in their new book, the second machine age, brin jovlson and mcafee argue that industry is facing a revolution as radical as the one powered by the steam engine. >> the industrial revolution is about overcoming the limitations of our individual muscles, what is going on right new in the second machine age is overcoming the limitations of our individual minds. >> at m.i.t.'s museum, the march of the smart machine. >> we've had robots in the lab for a long, long time. now we have robots out there in the real world doing productive work every day. that's a big difference. >> but these physical robots are just sort of the tip of the iceberg of literally billions of software robots that are cruising acro

to my left is eric or nielsen and andrew mcafee who are business researchers at the m.i.t. sloan school of management. eric is the director of the m.i.t. center for -- and enters the principle for research science. the two men made a name for themselves a couple of years ago with eric self-published book race against the machine which coalesced some emerging nervousness about the fact that automation is beginning to replace jobs at higher and higher levels. they follow followed this up with a bigger book work and prosperity in a time of brilliant technology. and it is really i think everybody in this room will understand how timely this is in san francisco and the greater bay area. there is a lot of tension about how the tech economy is changing everybody's lives and where we are headed from there. the second machine age directly tackles both the promise of technology and some potential challenges it poses. i think we would like to start before questions giving a brief summary of their views and what is the second age all about. ..

john mcafee is next. stuart: nutrition labels are getting a new look.arger, bolder type and consumers for the first time will know whether the foods have added sugar. i have no objection to knowing what is in the foods i eat. >> what is interesting, have no problem with this either. i was startled to see even milk can have sugar in it. that is kind of interesting. plain old vanilla milk. stuart: it is the sugar content in everything that is being shown, right? this is the first time? this of the first time, it is bolder, bigger, you know the sugar lobby will have a fit about this. but as the boomers age and people become more health-conscious, it is to be trans fat, now the focus is squarely on sugar products, sugar in products. stuart: if i get a bottle of coke it shows me how much sugar is in the bible, not per serving. >> so many people don't do the math. stuart: the tech is king, right? it's urban england using image recognition in google glass and use it for ads. google is barely changed. it will not affect the stock. we love netflix, where is it t

andrew mcafee and i call it the great decoupling. gdp growth, we're at record levels of all those numbers however employment has stagnated as has median wages. that's not something we have seen in the earlier elast. >> the recent automation of the past couple of decades have played a role in a lot of this income inequality that's being talked about in this arena? >> absolutely. there's changes in tax policy and culture but technology we see as the biggest single driver and what's more, technology is accelerating so there are going to be even bigger effects in the coming decades. >> in the book you talk about the fact that robots are doing more and more jobs that people used to be thought of as the only ones who could do them. we look at amazon and other businesses that have these incredibly automated warehouses where you barely see a human being here, baxter the robot, rethinking robots that has all sorts of human like abilities. we could go on and on and on with some of these advances. the question is what's next and how much more r

erik brynjolfson is a professor at sloan school and andrew mcafee at digital business, coauthors of "ey say is different from the first one. welcome both. >> thank you. >> the second machine age begins, you say, 15 years ago. what happens? >> one of our early indications that things are really different was when gary ka spar rov the chess champion lost to deep blue designed to play chess. we used to think of chess as one of the highest expressions of human intelligence and then the match with deep blue showed us something different. more recently another ibm super computer called watson showed us human beings are no longer the best "jeopardy" players. it beat ken and brad by more than three to one playing their game of "jeopardy." we keep seeing computers able to do more and more. >> the point as i understand it is that the first machine age was all about muscle power, that you were substitutes muscle power. used to be human muscle power or of animals powered stuff. you know, the steam engine or electricity replaced that. now you're saying, the second machine age replaces brain power.

to my left is eric or nielsen and andrew mcafee who are business researchers at the m.i.t. sloan school of management. eric is the director of the m.i.t. center for -- and enters the principle for research science. the two men made a name for themselves a couple of years ago with eric self-published book race against the machine which coalesced some emerging nervousness about the fact that automation is beginning to replace jobs at higher and higher levels. they follow followed this up with a bigger book work and prosperity in a time of brilliant technology. and it is really i think everybody in this room will understand how timely this is in san francisco and the greater bay area. there is a lot of tension about how the tech economy is changing everybody's lives and where we are headed from there. the second machine age directly tackles both the promise of technology and some potential challenges it poses. i think we would like to start before questions giving a brief summary of their views and what is the second age all about. .. >> there is a reason that they are called

andrew mcafee and milly silva thank you. >>> meet the most powerful woman in the world. janet yellen. she can move markets. that is what happened on tuesday when she testified in front of congress since becoming fed reserve chief. the dow ended up 192 points that day. crossed above 16,000 for the first time since january. here is what janet yellen said in the form of a word cloud. no surprise. she utters the word federal reserve and open market committee and inflation. a few other words are telling. employment. labor and unemployment. those are clues about yellen's core focus. a jobs market that she says is still not strong enough. here is what she sees. 48% of americans are working full-time. another 11% are working part-time. most voluntarily. some because they can't find full-time work. about 4% are looking for work. nearly 4% of them unemployed. 37% of americans are not in the labor force. some are retired and some are stay at home students. some have given up looking. janet yellen called on congress to fix the problem, but the fed cannot do it alone. congress has do

see she was going to bali last december in dead heat the mcafee qt pulpit anti corruption campaign the scent of the country in the costume he is. focus on the anti don't campaign of cutting conduits of the us government of a dorm strides and disappeared mysteriously caught was picked up by unidentified men knitting buddies in a fall from his home in the goddesses to develop and it is going to send him on a cobblestone to the government added into the survival put it in parliament at it again to continuing gordon jackson aka stop. the seance jonas kudos to steve the son and brother of the year is going strike in december two thousand and nine. i find the case against u s government in the pockets of the court seeking five hundred million dollars in damages for baghdad. all the other from a bit of a living. the us now seems to be closer to the dispossession of the good proxy for the step. most of the us state department said it had not moved to reconsider its position on the bees out to the mini gap opposite of that adjustment of the prophet's more invisible. it seemed to be the hardest

clearly we have with mcafee this government of national unity we should be breeding trying to bring people together not be so hard and difficult decisions have to be made to incorporate people from all parts of ukraine and in the new government. if it's a sectarian government of a loose but includes a shoebox won the recent conflict and is just a recipe for for for the pope admitted it in the future. i'm with the continued emergence of the far right. these are some of the latest pictures from central kiev or a list of government ministers is being put to the crowd for approval be watching developments their on air and online can also find out about some interrogation techniques the ultra nationalist leaders have allegedly been resorting to details on that also want our website. now returning to some other stories we're covering here on rt with the uk government struggling to contain a rise of islamophobia at home. some britons are making their job easier group of activists us are patrolling the east london streets in armored vehicles saying they would protect people from being harassed by

[laughter] [applause] >> thanks to erik brynjolfsson and mcafee, after a "the second machine: work, progress, and prosperity in a time brilliant technology." we want to thank our audience here and on radio and television now the meaning of the commonwealth club of california, a place where you're in the know, is adjourned. [applause] [inaudible conversations] >> otb continues with someone. the relation between pope pius the 11th and italian dictator benito mussolini, both obtained power in 1922. this is about an hour. [applause] >> thank you. it's a pleasure to be here. the book was published a few days ago and it's great to have you here to help launch it. i'd like to begin. some of you are more failed millionaire than others here the prologue of the book, even though the scene comes when the end -- near the end of the story, but pope's last days. the pope is not in his office. his ailing, elderly. he begs god to give him a few more days to live. he has something he needs to say and realizes he has very little time left on the earth. for years, the pope had been in good health, known as the

of cyber security who came to us six months ago from the position of chief technology officer at mcafee. i'm going on a talent search. next week, we are traveling to georgia tech. phyllis received her phd. we will recruit more like her. cyber studentn of volunteer initiatives, which allows volunteers to come and work for dhs in support of cyber security. it allows us to educate them for our mission. through the president's on cyber order,1636 security, and presidential policy on strengthening security and resilience of critical infrastructure, both issued a year ago, we are making good progress furthering our partnerships with the private sector. there is more to do. many have expressed a willingness to help in cyber security. we appreciate those efforts. our basic legislative goals are one, new hiring. two, modernizing the federal affirmation managing act to reflect new technology. three, additional clarity and codification of dhs responsibility to protect the federal government civilian networks. dhs canal clarity that provide assistance to the private sector when requested. five lega

is the commonwealth club of california program and we're talking with erik brynjolfsson and andrew mcafee about their new book, "the second machine age: work, progress, and prosperity in a time of brilliant technologies." on your moderate, andrew leonard, from salon.com. you can your commonwealth club programs on the radio and also see video of the programs online on our youtube channel. just jumping off what you just said, a couple of questions you are asking what you think a basic guaranteed income as a response to this issue. which seems to be the opposite of a negative tax, or is that -- >> very closely related to let me go by what andrew was an. we think you can do a lot to reallocate the way income is divided, but the thing that andy and i focus on is something more like an expanded earned income tax credit. let me explain the reasoning for that distinction. both of them are ways of getting income into the hands of more people, some of the people who have benefited as much from the technology. we've been very convinced first but a quote we came across, work solves three great evils.

the commonwealth club of california program and you are talking with erik brynjolfsson and andrew mcafee about their new look "the second machine", work progress and prosperity in a time of brilliant technologies. i'm the moderator andrew leonard from salon.com. you can hear commonwealth club programs on the radio and also see video of the programs on line on our youtube channel. just jumping off what you just said a couple of questions here asking what you think of a security income as a response to this issue. which seems to be the opposite of a negative tax. >> the they are very closely related. let me build on what andrew was saying. we think you can do a lot to reallocate the way income is divided but the thing that andy and i focus on is something more like an expanded unearned income tax credit and let me explain the reason for the distinction. both of them are ways of getting into the hands of more people who haven't benefited as much from technology but we have been convinced first by a quote we came across from bolts here who actually said work solves three great evils order th

oh thank you for watching our program today osteen eckstein all mcafee color the news. in the game. i think. the book it seems. its. all spent a long haul. first two. two elosions at its the cab. it didn't. i believe it to advantage which the two things first. it will increase its role in human rights issues especially that quake going now with the eu and console and human rights second thing that would have to wait several more in the region for more democracy and feed them and want a speech on the question of energy ocean air. utility of the time of reform. it is actually very very critical one of the problems very often when reform movement gets a head of steam and molds. it is then implementing a revolution or an uprising is just an event what happens after which makes all the difference. and if there's not a sentence civil rights civil government institutions to work with very often the good news now people get the solution then you have a counter revolution so protracted and ceos are multiplying in this region and some of them getting extremely upbeat and strong including the

. >> about four years ago, intel bought mcafee. people say they overpaid. in retrospect, would that go for twice that now? is the space at play at all? it hasn't moved at all now with the great tape. and the stock can't get out of its own way. what's the problem with the stocks? >> i think we're seeing an increasing focus where people are trying to buy specialty actors or players. they're focusing on things like as we move toward the internet of things, 50 billion devices being connected by 2020. how do you protect the whole network? including big data. how do you do things like search, analyze big data to detect compliance issues, to detect national security threats, et cetera. and some of it's just the basic stuff. you've got to think things like credit card fraud accounts for about $4.5 billion of losses in the u.s., $11 billion globally. yet we've got 1.3 billion debit and credit cards that use a magnetic strip rather than a chip. >> correct me if i'm wrong, even though the threat is obvious now, and people are very aware of this and the importance of i

they did buy mcafee.ment that works in the favor of intel. >>> still ahead, yes, even the smart money is getting caught up in the sell-off. who's feeling the most pain from japan? here in philadelphia you can access a philly cheesesteak anytime, day or night. just like you can access geico anytime, day or night. there is only one way to celebrate this unique similarity. witness the cheesesteak shuffle. ♪ cheesesteak, cheesesteak ♪ ♪ it's the cheesesteak shuffle! huh! ♪ ♪ every day, all day, cheesesteak, cheesesteak! ♪ ♪ every night, all night cheesesteak, cheesesteak! ♪ ♪ 9 a.m. cheesesteak! ♪ 2 p.m. cheesesteak! ♪ 4 a.m. cheesesteak! ♪ any time (ruh!) >>geico. fifteen minutes could save you fifteen percent or more on car insurance. >>> welcome back. nikkei plunging nearly 15% this year so is the hottest hedge fund trade of 2013 causing some big trouble in 2014. let's find out from kate kelly. lot of hedge funds love this trade or at least loved it. >> it's true. as i'm about to explain, they haven't aban

security providers, particularly symantec, mcafee and others were very helpful in classified, private briefings, walking senators through the scale and scope of the problems so that momentum could be developed towards legislation. unfortunately, the u.s. chamber of commerce saw things otherwise and found ways to defeat the progress we had made, but i hope we can nevertheless continue to go forward because this is a continuing threat. i am seeing and knowledge. -- a nod. this is a continuing threat. growing.uing and we are continuing to take steps to make the ecosystem safer. >> thank you. i would like to thank this panel of witnesses. inc. you for your testimony and your answers. you are dismissed. i would now like to call our second panel of witnesses. [captioning performed by national captioning institute] [captions copyright national cable satellite corp. 2014] >> i am going to ask you to stand, so you might as well not sit down. i would like to ask the witnesses to raise their right hands. do you swear that you're testimony will be the truth, the whole truth, nothing but the truth

security providers, particularly symantec, mcafee and others were very helpful in classified, private briefings, walking senators through the scale and scope of the problems so that momentum could be developed towards legislation. unfortunately, the u.s. chamber of commerce saw things otherwise and found ways to defeat the progress we had made, but i hope we can nevertheless continue to go forward because this is a continuing threat. i am seeing and knowledge. -- a nod. this is a continuing threat. growing.uing and we are continuing to take steps to make the ecosystem safer. >> thank you. i would like to thank this panel of witnesses. inc. you for your testimony and your answers. you are dismissed. i would now like to call our second panel of witnesses. [captioning performed by national captioning institute] [captions copyright national cable satellite corp. 2014] >> i am going to ask you to stand, so you might as well not sit down. i would like to ask the witnesses to raise their right hands. do you swear that you're testimony will be the truth, the whole truth, nothing but the truth

of cyber security who came to us six months ago from the position of chief technology officer at mcafee i'm going on a talent search. next week, we are traveling to georgia tech. phyllis received her phd. we will recruit more like her. cyber studentn of volunteer initiatives, which allows volunteers to come and work for dhs in support of cyber security. it allows us to educate them for our mission. through the president's on cyber order,1636 security, and presidential policy on strengthening security and resilience of critical infrastructure, both issued a year ago, we are making good progress furthering our partnerships with the private sector. there is more to do. many have expressed a willingness to help in cyber security. we appreciate those efforts. our basic legislative goals are one, new hiring. two, modernizing the federal affirmation managing act to reflect new technology. three, additional clarity and codification of dhs responsibility to protect the federal government civilian networks. dhs canal clarity that provide assistance to the private sector when requested. five legal

security providers, particularly symantec, mcafee and others were very helpful in classified, private briefings, walking senators through the scale and scope of the problems so that momentum could be developed towards legislation. unfortunately, the u.s. chamber of commerce saw things otherwise and found ways to defeat the progress we had made, but i hope we can nevertheless continue to go forward because this is a continuing threat. i am seeing and knowledge. -- a nod. i take it this is a continuing threat. >> continuing and growing. we are continuing to take steps to make the ecosystem safer. >> thank you. i would like to thank this panel of witnesses. inc. you for your testimony and your answers. you are dismissed. i would now like to call our second panel of witnesses. [captioning performed by national captioning institute] [captions copyright national cable satellite corp. 2014] >> the washington is reporting on the hackers who still customers credit and debit numbers from target. they may have used a business near pittsburgh as a cyber backdoor to steal the information. investig

us six months ago from the position of chief technology officer of the security software company mcafee. i am personally going on a talent search. next week phyllis and i are traveling to georgia tech, where she received her ph.d., to recruit more like her. i am also a big fan of programs like our cyber student volunteer initiative, which allows college students, on a volunteer basis, to come work for dhs in support of cybersecurity, and allows us to educate them on our mission. through the president's executive order 13636 and president policy directive 21, both issued a year ago, we are making good progress at furthering partnerships with the private sector, but there is more to do. many in congress have expressed a willingness to help in cybersecurity. we appreciate those efforts. our basic legislative goals are, one, new hiring and pay flexibility to recruit cybersecurity talent, two, modernizing the federal information security management act, also called fisma, to reflect new technology, three, additional clarity for, and codification of, existing dhs responsibility to protect the

with us is andrew mcafee, co-author of "the second machine age: work, progress, and prosperity in a timetechnologies." great to have you here. what do you think about that? are we making a big thing out of the fact they have so few employees? >> i think it's an example of some things we're seeing. instagram, for example, was bought for about $1 billion. it had 13 employees at the time. i compare that to eastman kodak, another photography company. at its point, it had over 140,000 workers and it's now bankrupt. so there's a lot of disruption. >> but is this unusual? have we gotten to the point where the disruption is happening to such an extent, the benefits flowing to so few, leaving so many out in the cold that we need to seriously rethink what it all means? >> i definitely think the disruption has kicked up a level. digital technologies are going everywhere in the economy. they're not just confined to the high-tech sector anymore. but let's be clear. we're creating a lot of value with all of this disruption. and that's a positive thing for our economy and society. we do need to be mind

john mcafee, welcome to you. do you think this demonstration will make an impact?sychological impact. and the nsa is like a runaway freight train a matter who is in charge and one engine we put in place. and there are companies like our own working on products that will take care of ourselves and the own privacy and their unveil behind which we have some degree of privacy. ashley: we spoke with you in october about this device of $100 and will indeed prevent the nsa from spying on americans. how far are you on that product? >> our first implementation coming out in three weeks. it is a software product that will run on your smart phones and as you are well aware, nsa uses smart phone apps to help it locate us, and watch us. cognizant will run through your phone and so you would bear one of doing that. the choice of either removing them or letting the nsa watch. a few entirely. lori: we heard from president obama, he did address the latest delay in implementation of the affordable care act. you have warned for many months about security risks and the vulnerability o