fast-forward 15 years and along comes the richest man in the world at the time, andrew carnegie. andrew carnegie had grown up poor and had grown up depending on the library as really is school, and so many people all around the world, and certainly new yorkers have. and he said let's create a great public certainly library in new york. he gave a gift for the three libraries i think was about $5 million or thereabouts to great 60 libraries, the beginning of the public library system. it was and remains the largest single gift in the history of philanthropy in today's libraries, billions. so because of his generosity he made a deal with the city where he said look, i will build you libraries. the city needs to pay to operate them as a public service, the branch libraries, and i will ask, carnegie will ask the new york public library and brooklyn and queens to operate them as private agencies funded by the city to do so, but with some independence. it's a complicated public-private partnership. in our case it means literally half of our budget comes from the city and have comes from

. >> reporter: one of his greatest inspirations, the scottish-american, andrew carnegie, carnegie hall, carnegie steel. sue, you won't be surprised by that. back to you. >> absolutely not surprised by it at all, michelle. i think you told us earlier in the week, this also marks the first time voters in the uk who are as young as 16 will help decide a significant matter of state. it's going to be very interesting to see. >> reporter: yeah, it's been extremely controversial, that 16-year-olds could be allowed to vote. and it's curious to see what the outcome will be. we have seen that the younger voters tended to be much more in favor of independence compared to older voters. so that could definitely influence the outcome. >> michelle, thank you so much. michelle caruso-cabrera. ty? >>> sue, for months silicon valley has been pulled in two directions. the government wants tech companies to give up information. privacy advocates and consumers want companies to keep it secret. the new apple software makes the question obsolete. the protection is reportedly so deep, so profound, it makes it

a foundation created to do what andrew carnegie called "real and permanent good."ng 100 years of philanthropy at carnegie.org. >> and with the ongoing support of these institutions and... and friends of the newshour. and... >> this program was made possible by the corporation for public broadcasting. and by contributions to your pbs station from viewers like you. thank you. captioning sponsored by macneil/lehrer productions captioned by media access group at wgbh access.wgbh.org >> this is "bbc world news america." >> funding of this presentation is made possible by the freeman foundation, newman's own foundation, giving all profits to charity and pursuing the common good for over 30 years, kovler foundation, union bank, and beijing tourism. >> for 150 years, we have believed commercial banks owe their clients strength, stability, security. so we believe in keeping lending standards high, capital ratios high, credit ratings high. companies expected it then. companies expect it now. doing right. it is just good business. union bank.

a foundation created to do what andrew carnegie called "real and permanent good."ng 100 years of philanthropy at carnegie.org. >> and with the ongoing support of these institutions and... and friends of the newshour. and... >> this program was made possible by the corporation for public broadcasting. and by contributions to your pbs station from viewers like you. thank you. captioning sponsored by macneil/lehrer productions captioned by media access group at wgbh access.wgbh.org . >>> this is "nightly business report" with tyler mathisen and susie gharib. >>> new kid in town. and traders could not get enough of him. jack ma brings his alibaba to a mobbed market. it is a smashing debut for the biggest initial stock offering ever. but should you buy the shares now? >>> get in line, people across the country waited for hours, even days with a single goal, to buy the new iphone. today, they could and did. >>> and power sharing. can two people both with the title co-ceo run a company successfully together? the answer may surprise you. all that and more on "nightly busin

andrew carnegie, scotland. it is not yes or no, it is in between.me all of you in the united kingdom, because of very strict rules on what we can or cannot say. >> here in the u.s. you cannot have me, or anyone have opinions regard to scotland. that violates -- >> if mario starts to go will have to put a sock in his mouth. >> i can't even talk about quebec? financial markets cut its inflation forecast. that's what happens with a big bank, money stops coming in and you have deflation. china home sales. prices have fallen and 68 cities. 830 jobless claims. -- bloombergloomer consumer index. earnings coming out today oracle and red hat. the senate votes on whether to appropriate funds for the arming of's syrian rebels. that is a big deal. it is double-barreled because the ukrainian president is going to congress to appeal for support and then he's going to the white house to meet president obama. obviously it is very political. >> let's look at some of the details, injures up eight right now. plunges 12.25. i am not on a 1200 watch yet, but boy this ge

guest: well, the conference world--you know, it's hard to imagine a hundred years ago that--like, andrew carnegie and john d. rockefeller sitting on a panel on the corporate responsibility of the corporation with mark twain as your celebrity moderator, but now i have a chapter on business life, how businessmen are all more like intellectuals, just as intellectuals are more like businessmen. and so now we all have to conference. we all sit on panel discussions, you know, where there's evenly bo--separated bottles of mineral water, and we're all sitting between them. we've got our five-minute prepared remarks. and the odd thing for academics especially--conferences are, like, sort of a status stock exchange. you can judge how many people showed up to sit in the audience for your panel discussion, how--are you on the same panel with the people with big names, big-named professors? are you the--the most famous person on the panel or the least famous? do they ask you questions at the end of the discussion or do they ask the other people? there are all these status markers going up and down. and then a