marvin good friend is a carnegie -- is at carnegie mellon university.on within the economics community. his paper at jackson hole this year was hugely controversial. alberto balogh is one of the leading experts on the dynamics of european debt and on the linkages. i have to get the newsmaking out of the way. you are a prime candidate to be a governor in the federal reserve system. have you spoken to the trump administration about public service? >> no. tom: if you do this we, let us know by monday. alberto, are you being considered for anything in the italian government? >> i am happy to stay in the private sector. tom: over to the regime change. we have a regime change underway. if there is aow regime change underway but there is no question that the federal reserve is in a different phase of the business cycle. i was teaching my class this week. last week, the odds of a fed move in march were very low, about 20%. and then, it it was up to 80%. it is changing its own mind and the mind of the public to get the markets to go from a low chance to a high c

we've both went to carnegie mellon university. i did take the job during my freshman year.ng the acting muscle again was something that was, i knew, going to be like getting back on a bike. i was grateful for rachel's unbelievable guidance and direction. but one of the things she really made sure i did during rehearsals was be as uncomfortable as possible as much as possible. she placed people in the rehearsals for me to make eye contact with during the songs. just to get us used to the idea that eyes were going to be on us at all times. even when there are those moments where you feel like you're throwing your heart and soul out onto the stage, you're doing it while being face to face with people. your performance changes sometimes night by night based on the looks you get. the responses you get. because you're basically telling your story both to people out in the house, you have to project, but at the same time you're telling it very cinematically to people right in front of you. it was a terrifying endeavor to kind of get used to that. but now i think we look forward to

so what we've done, and the other partner in this enterprise is carnegie mellon university.ecurity university. so we want to lay out an online education program to help the board of directors interact with the management, interact with the i.t. team because information, security, and data management and cybersecurity -- there was a case a couple years ago, the wyndham case. a bunch of class-action lawyers out there. there was a lot of learnings in that. the learnings were if the board takes precautions and is engaged on a regular basis, it becomes part of their risk assessment protocol inside the boards. it helps develop some immunity potentially in a very litigious and heavily regulated environment. >> let me ask you about the risk. a lot of companies are moving everything into the cloud. as they move into the cloud, they're moving on to one of three platforms, right. either amazon's platform, microsoft's platform, or google's platform. in the end, i could make an argument that these three companies are going to be responsible to some degree for the security of all of corpo