of got the your let's assign the army for my team or national citibank. so 2000 shares. jason national bank, 6000 shares. national bank of commerce. 21000 shares. first national bank. $15000.00 shares were the dominant financial group, of course or tar, the united states and u. k. bikes. their objective is their head to me. they basically control the national international financial system, their means of control or the federal reserve bank. ragland and of course, world bank and the international monetary fund is basically american based because the dollar is the world reserve currency at this that convey is financial power. you know, there is nothing, nothing beyond our capacity, nothing we can't do. we are the united states of america. why do the americans need so much money? problem of a, so as to maintain the dollars global supremacy? the us invest huge amounts of its coverage. in the defense industry. the us spends more on defense in the army and the rest of the well put together so because the site the chair should bring me a good, i didn't know what the rest of the day you can learn. that's pretty junior. this invest. legislated pretty wa

my team was national citibank, 30000 shares, chase national bank, 6000 shares. national bank of commerce, 21000 shares. first national bank. $15000.00 shares for the dominant financial group, of course or tar, the united states and u. k. bikes. their objective is their head to many. they basically control the national international financial system, their means of control or the federal reserve bank, raymond. and of course, world bank in the international monitor, fine is basically american based because the dollar is the world reserve guarantee. and this, that convey is financial power. you know, there is nothing, nothing beyond our capacity, nothing we can't do. we are the united states of america. why do the americans need so much money? probably so as to maintain the dollars global supremacy. the us invest huge amounts of its courtesy in the defense industry. the us spends more on defense in the army and the rest of the well put together to pick up the site. if you have a chance to bring me a good, i didn't know what the timeline is. pretty junior. this invest legislated pretty was p

of me for my team was national citibank. so 2000 shares. chase national bank. 6000 shares. national bank of commerce. 21000 shares. first national bank. $15000.00 shares for the dominant financial group of course or, or the united states and u. k bikes. their objective is their hit too many. they basically control the national international financial system, their means of control or the federal reserve bank curriculum. and of course, world bike and the international monitor fund is basically american based because the dollar is the world reserve currency. and this then conveys financial power. you know, there is nothing, nothing beyond our capacity, nothing we can't do. we are the united states of america. why do the americans need so much money? probably so as to maintain the dollars global suprema, see the us invest huge amounts of its courtesy and the defense industry. the us spends more on defense and the army and the rest of the well put together the food because the site the chair should bring you good. i didn't know what the timeline is pretty junior. this invest, legislative pretty was progressive. progres

of me for this. my to motion. national citibank, 30000 shares. chase and national bank. 6000 shares. national bank of commerce. 21000 shares. first national bank. $15000.00 shares for the dominant financial group of course, or are the united states and u. k. bikes their objective? is there a huge in many, they basically control the national international financial system, their means of control or the federal reserve bank for england. and of course, a bike in the international monetary fund is basically american based because the dollar is the world reserve currency. this then conveys financial power. you know, there is nothing, nothing beyond our capacity, nothing we can't do. we are the united states of america. why do the americans need so much money? problem of a, so as to maintain the dollars global supremacy? the us invest huge amounts of its current seeing the defense industry. the us spends more on defense and the army and the rest of the world put together the food because the site, the chassis putting you got i didn't know what the timeline is pretty junior. this invest, legislative pretty was progr

you went into a good amount talking about the separation of banking and commerce, which is fundamental in the u.s.. but isn't it the case, you put payments on the banking side. but a different way to read the law is banking is a taking of deposit and the making of loans. payments is on the commercial side of the ledger, or at least somewhere in the neutral zone. so, why do -- banks have dominated payments, because they are bedded just better at it. they have a lot of comparative advantages. why in your legal mind did you put it there? >> i think if you really look at our history, the way in which a lot of money has moved has been heavily influenced by public utility approaches. if you look at how the fed created even standards for check clearing how they created standards for wire services, even that now, it has a fundamental public infrastructure components, partially because these are network businesses. in some ways they are natural oligopolies or monopolies. there cannot be 10 million payment systems. now, there could be if there was interoperability, other aspects , but it has a f

their incursion into finance comes a uniquely vulnerable ment for the historical separation of banking and commerce. a debate that chases the earlst days of our republic. two modern trends are colliding, the erosion of traditional lines between core banking activities and commercial financial activities, and the grth of the e-commerce and our digital economy. today i want to discuss digital dollars and digital payments from the consumer household and retail perspeive here in the u.s.. first i want to talk about how money and payment systems are essential infrastructure for our society, i want to share some analysis fromthe cfpb inquiry into payments gift keepers in the large tech firms as well as observations about surveiance and censorship. finally i'm going to close with a summary of the dangers of allowing very large non-banks to issue private money outside of the banking system and wielding control over policy considerations for the future. so, we have long known that sectors like transportation and telecommunications are critical pieces of the infrastructure of our society. technology that inc

their incursion into financ comes at a unuely vulnerable moment for the historical separation of banking and commerce. a debate that trac back to the earliestdays of our republic. two modern trends are coiding. the erosion of traditional lines between core banking act entities ancommercial financl activities, and the growth of e-commerce and our digital econy. today i want to discuss digital dollars and digital payments from the consumer household and retail perspective here in the u.s. first, i want to talk abouhow many and payment systems are sential infrastructure for our society. i want to show some analysis from the cfpb's inquiry into payments gatekeepers, especially those large tech firms, as well as observations about surveillance d censorship. finally i'm going toclose with a summary of the dangers of alwing very large nonbanks to issue private money outside the banking syem and wield inordinate control over payment rails, as well as some policy considerations for the future. so, we have ng known, sectors like transportation and telecommunications are critical pieces of the infrastructure of

director, you went into a good amount talking about the paration of banking and commerce, which is fundamental in the u.s. but isn't it the case -- you put payment on the banking side. but banking is the taking of departments -- deposits and the making ofoans. sowhy do u -- ban have donated payment because they are better at it and have more advantages. why, in your legal mind, did you put it there? mr. chopra: if you really look at our history, the way in which a lot of money has moved has been heavily influend by public utility approaches. so if you look at how the fed created eventandards for check clring, how they creat standards for wire services, even fed now, it has a fundamtal public infrastructure component partlly because these are network businesses. in some ways, they are natural oligarch police -- oligapolies or not police. -- or monopolies. it has aunction that isery much about public infrastructure. so, if you look through many moments in our history, we have decided that wwant to be different than europe in many ways. we don't want to have nationa champions. we want to create a

and you are kind of a chief economist at commerce bank. you are welcome back to the program. do you agree with the always the experts that inflationary pressure will continue to be weighing on 12 o'clock? i think so, i guess. uh, because uh we have seen in the past to very high inflation rates. and the really disposable income off employees has come down. and therefore trade stevens around the world tried to make up for the previous loss in the purchase impala and this means high wage settlements. and this, of course means that the inflation is likely not to. it's debbie lies at around 2 percent. what the central banks one but significantly higher. but we see for example, or in germany that inflation for november has come down again to now 3.2 percent. does that mean that germany has turned a corner? when i put it this way, at a positive phase over the past, the 12 months has come down significantly in germany and in most other countries. but this is a kind of even because this is only cost or maybe cost by, by base effects. because especially energy prices, they can not cont

bank tax has the same role . show your colleagues, we have actually shown the process of education granted by the banks in this graph, in different sectors of services, industry, mining, commerced actually agriculture and housing. we have the latest statistics in the year 1400 industry with 30, commerce with 15 and housing with 6. see , housing is the driver of the economy. this operation should be carried out before the rest of the fields in iran's economy. when we are talking about taxes, it means that the number that the people have is that the bottom columns are actually the status of housing payments, and the top graphs that are green, orange, and blue, the numbers are actually the numbers in in the field of services and industry, i said that when we talk about taxes, there are two areas of help in our opinion, one is financing, which will eventually come and be spent, and finally, the first 4k for the people and the poor. that we should actually fully support them, it produces housing, the second part is a control tool, the tax is imposed to correct the housing situation, the connection situation, which is 6 against 41. okay, now to this topic and the details of this sta

of trade and commerce. transportation and monetary and banking issues. mr. kat mirzyayev, the president of uzbekistan, referring to the opening of iran's new house in tashkent, said that it is about the economic activists of this country becoming more familiar with the achievements of the islamic republic of iran. at the end of this chairmanship meeting the next meeting of the heads of the member countries of this organization will be held in iran and will be hosted by tehran. amir shuyanmehr , sed and sema news correspondent, tashkent, uzbekistan. the fifth day of the registration of candidates for the sixth term of the election of the assembly of leadership experts has ended. we will go to the election headquarters of the ministry of interior and talk with the spokesperson of the election headquarters of the country. mr. eslami, hello to you since the beginning of the registration of volunteers. how many members of the assembly of leadership experts have registered so far and how long will the registration continue, in the name of god? rahman al-rahim, gree

in fact, we have shown the process of education granted by the banks in this graph in different sectors of services, industry, mining, commerce, and actually agriculture and housing . now in 1400, we have the latest statistics, sanat with 30 commerce with 15 and housing with 6. housing is the driver of the economy. this operation should be extended to the rest of the fields in iran's economy. when we are talking about taxes, this is the number that the people are seeing. actually, those lower columns are actually the situation. there is housing wiring, and those graphs above which are green, orange and blue , the numbers are actually the numbers that i mentioned in the field of services and industry . it is spent, and finally , the first 4 tithes that we have to pay for the people and the poor in fact, let us fully support them, it produces housing. the second part is a control tool. the tax is imposed to improve the housing situation, the facility situation, which is 6 against 41. okay , now we will go to this issue and the details of the statistics that you have. payment, which banks fulfill their legal obligations more , w

a special thank you to and rue morehouse, executive director of the food bank, the franklin county chamber of commerce, dr. dave, amy and the amazing staff at the attorney general andrea campbell's office who marched with us as well as district attorney dave sullivan and so many more. although the march was hard, we all know being hungry is harder. across the country, 44 million people are food insecure. in massachusetts, one in five families don't have reliable access to affordable, nutritious food. that is a disgrace. as i say every week on this floor, hunger is a political condition. and in this congress, we've seen house republicans attack anti-hunger programs every chance they get, from advocating for onerous, and let me just say, ineffective work requirements, to slashing programs that feed hungry moms, infants and children. it appears this extreme maga majority will stop at nothing to turn the clock back on the progress we've made to fight hunger. that's why the march for the food bank of western massachusetts is so critical. it is a display of care and generosity in spite of the fact that some

of this year. large russian banks have run out of money for preferential car loans. this year they will no longer be able to issue such vessels. commerce. now footage from the center international trade in moscow. president of the russian federation, vladimir vladimirov putin, good afternoon, dear friends, i would like to greet all the guests of our discussion and distinguished speakers. uh, ai journey, or a journey into the world of artificial intelligence, this is our eighth conference in a row, at this conference we have physically present guests from more than 10 countries, we already have uh virtual participants, online participants, more than 100.

worse than in the world bank, although both of them do not differ in special competences. because there are officials sitting there who do not work in commercial banks, in commerce, because those who are in commerce, they earn much more, and therefore, in these institutions, unfortunately, there are officials sitting there who arrange everything, they are arranged by the big ones still big salaries, no responsibility, and everything is great, that’s why i so dream of running the program and so much pessimism is happening in ukraine... around me, i’m constantly thinking, how can we add a little optimism, or here i have boris kushniruk comes out and says: it's not the same as in ukraine , and there is no teacher who will teach and tell, listen, don't do this, do this, in short, there is no chance, then we move on to the russian topic, because we might have something there, something it will be good, look, even the russian oligarchs criticize the budget, i don’t quite understand how it is formed there, but how difficult, or easy, or so difficult, well , the situation with money in the russian federation is so beneficial for the kremlin, because there are various op

yeah, came up to commerce, bank chief economist york as always, thank you for your thoughts. thank you. and now to some of the other global business stories making news, half german companies are struggling to fill vacancies, student labor shortages, according to germany's chamber of commerce and industry. that is, despite the stagnation of the years, owns largest economy. germany, much like other industrialized countries faces labor shortages, especially in height skilled sectors now has improved a global minimum tax on multi nationals, the southeastern asian economy, currently offers preferential rates to large from investors. the move will now force more than a 100 phone companies, including electronics, trying samsung to pay a higher rate of at least 50 percent. the european union and united states and its allies have initiated a raft of sanctions against russia in response to the cremeans full invasion of ukraine. now, although western officials insist that the measures are biding, russia has been able to keep its economy running thanks to sales of oil and gas and because it increased trade with his

the whole of the 1000 and we, the population concentration into west bank at commerce and the economy is down to its knees. uh they are uh, by the way, is there any they have killed over a $150000.00 new people in the past month to drop the hundreds that were built since the beginning of the year. uh and basically they all trigger happy. joyce dough settlers running around being on buddy is rarely government and given a free hand at shooting at bell simians. that's why many of the roads in the west bank are empty now because people are afraid of these jews just.

westbank cities, villages, uh to, to get to type, uh, sees the whole of the 1000 every, the population concentration in the west bank at commerce and the economy is down to its knees. uh they are uh, by the way, is there any they have killed over a $150000.00 new people in the past month to top, the hundreds that were filled since the beginning of the year. uh and basically they all trigger happy. joyce stairs, settlers running around uh, being on by the israeli government. and given a free hand at shooting at bell simians. that's why many of the roads in the west bank are empty now because people are afraid of these jewish settler towers snipers who were trained in the army to be snar, bruce and given now the weapons bought the army. to actually do that. there is much of but there are felt into us bank and by the way is really which has 5300 uh keep nappies in its presence on the night of october 7. it has more than doubled that in less than a month in order to arrest left to right. you can even not speak of my. you can even look at website so they can sit on the website, the test one bit and then say, i'm sorry, i want to hav

of the us dollar system. that's a death knell for a major corporate or bank over 600 million on standard chartered over 600 million fine on in. 1.9 billion on commerce bank deutsche about bank was fined 1.4 billion. tokyo mitsubishi bank of tokyo mitsubishi 315 million. anyway so all these banks friendly nations mostly they pay, they comply with respect to north korea violations. it's mostly the chinese banks which are some of the biggest in, the world agricultural bank construction bank, bank of china and so on. there has never been any attempt by, any administration, to penalize levy such fines with. knowledge of china's serial violation of, un laws and u.n. security council resolutions. is it too late? try to do that. i don't know. i'm growing pessimistic again. if there is ever an attempt to enforce sanctions against north korea by penalizing north partners, then the point is such efforts need to be maintained over time. but again, leaders in democracies face limits. they want an agreement carve a legacy, have a flashy more than doing the hard work over time. it's a strategic disadvantage for the united states and a strategic advantage for the n

bank and play just increased. i depend of full palestinians, cheap also there just is rarely officials to protect, to protect civilians in that campaign against commerce and hundreds of thousands and pro palestinian demonstrated as much through the streets of london at least at the time. some of them as well as counter protest this, i mean to disrupt, read the anthony, how it welcome. the world health organization saves it as last communication with its context contacts rather at el cheapo hospital in northern gaza. the when organizations that have grave concerns about the safety of medical stuff and patients trapped by the funding that dr side, the facility has been hit by deadly is riley strikes that claim. is ralph denies as a new born in gaza? her grandmother says the flood oh, she felt hospital following an attack, walking for hours to seek safety. we said the morning she was born, she and her mother didn't rest. she didn't even get pressed beds are czerny. it's a journey of torment. on the west banks, health minister says dozens of babies are at risk of death. and as she thought of that was with the surprise, the man was with done and goes us th

fin tech firms that are using digital wallets, and, in a way, they're sort of blurring the line between regular commerce and banking. and so i, i know that the original announcement was that you were going to look at some of these larger firms and require them, because they are in a good part of the banking business, require them to report as we, as we require, you know, small banks and credit unions. i wanted to just get some of your thinking behind that, and, and how big does a, how big does a fin tech firm need to be before they would come under this reporting, which i, which i think is appropriate for some of these larger and busier firms. >> it's interesting. you have a lot of nonbanks, particularly with apps that are transmitting i think it's now trillions of dollars globally. in many ways, they look a lot like what we see emerging in china, where large tech firms have a lot of ability to collect data, move payments. so we've proposed bringing some of those firms and subjecting them to supervision. we already have enforcement authority over them. we think supervision actually makes sure there's a level playin

we have got a bunch of these firms that are using digital wallets and in the way they are blurring the line between regular commerce and banking and i know the original analysis announcement was you're going to look at some of these larger firms and required them required them to report as we require small banks and credit unions. i want to get some your thinking behind nance and how big does a firm need to be before they would come under this reporting? which is appropriate for some of these larger and busier firms. >> it is interesting. you have a lots of non- banks. particular with apps that are transmitting i think it snowed think is nottrillions of dollar. in many ways they look a lot like what we see emerging in china with large tech firms have a lot of ability to collect data and movement payments. we have a proposed bringing some of those firms and subjecting them to supervision we have enforcement authority over them. we think the supervision make sure there's a level playing field between the banks that are doing it and the nonbanks. there's a number of issues fraud privacy. i think there's going to be a lot of value

of the stock market, but they stayed pretty much in their lane. at&t focused on telecon and industrial and electricity these companies are banks, health care providers, retailers, they're doing e-commerce, they're getting into medical. they do whatever they want, go wherever they want, and they are way more dominant in the everyday life of a consumer. that's not to say they're invincible relative to the s&p no one is suggesting this is forever. however, there is no analog to these businesses and the degree to which they've been able to insinuate themselves into businesses, families, households and it's global. you're citing u.s. gdp statistics to me these companies are in 190 countries. so let's talk about apple very quickly just as an example this is a company that buys back $20 billion to $25 billion worth of stock every quarter. every quarter, $25 billion that's why the price can continue to go up, but the market cap doesn't go up at the same rate. and, if you're a shareholder, the more of that buyback activity that goes on, quite frankly, the higher of a claim you have on the company's overall earnings proportionately. so buffett understands this. it's a quarter of berkshire's valu

bank. when you see the images coming out of gaza of all those casualties what goes through your head? >> you know know, it is horrify. >> reporter: we listened as commerce from a different perspective. >> until there's an end to israeli occupation and aggression there will be no peace. >> reporter: they're furious at the u.s. government for not support ago supporting a cease-fire. >> i am hon lestly not voting democrat again. >> reporter: but for them it's a long history of being dehumanized. >> this idea that we have to constantly earn empathy is ridiculous. we're auditioning for sympathy. >> reporter: two tables, two very different viewpoints a world apart. gabe gutierrez, nbc news, minneapolis. >>> and still to come here on "early today," a texas-sized blowout. the rangers get e eponst closer to their first-ever world series title, coming up right after this. dr. garcia? whoa! crest reality checkup. bleeding gums are serious, jamie. i must be brushing too hard... no, it's actually a sign of bacterial infection. one that can spread to other parts of the body. check this out... unlike other toothpastes, crest gum detoxify's antibacterial fluoride works

banks need to double down on the value proposition now? >> we see a couple of different kinds of digital banks launching. the first is traditional bank launching. the second is the ecosystem players, e-commerces existing companies like fintech lenders that form a company on the side. what is interesting is traditional banks are basic traditional customer experience and the e-commerce riding on the existing digital fintech companies, they are focused on acquiring deposit in order to support lending ecosystem. it is single-minded. not a full banking service. when we entered into indonesia and we partnered with astra, one of the largest local conglomerate, we are able to tap into the ecosystem. they are big into joint financing. what we aim to do is create a holistic experience. not a deposit to fund a particular lending but we are successful in launching lending in hong kong. digital wealth management for young people in the hong kong bank. planning to bring all of these innovations into indonesia for a holistic experience. in the past, there was digital lending, digital wallet and different pockets of fintech companies. the future will be a digital bank where they are holistically managed and

alto office and a part of the north american trade secrets practice, he advises and represents the world's leading technology, banking, professional service manufacturing and commerce companies in connection with their most significant data protection and trade secret matters. that is a lot. among other subjects, he specializes in ai and he is the chair of the ai subcommittee of the american bar association and has been instrumental in proposing federal ai workforce legislation as well as developing ai oversight and incorporate governments, best practices designed to ensure algorithmic fairness. mr. newman was also recognized as one of the top 20 ai attorneys in california in 2019. we welcome his expertise to the conversation today. >> welcome to you all. i appreciate that. i apologize for slipping and moving. i hit fast-forward accidentally. i will start with the opening remarks and we will go down the line. >> thank you mr. chairman. i am appreciative to be on the subcommittee of employment and workplace safety. i am the founder and executive director of black tech street, rebirthing has worked black wall street as an innovation economy and the black americans em

fin tech firms that are using digital wallets, and, in a way, they're sort of blurring the line between regular commerce and banking. and so i, i know that the original announcement was that you were going to look at some of these larger firms and require them, because they are in a good part of the banking business, require them to report as we, as we require, you know, small banks and credit unions. i wanted to just get some of your thinking behind that, and, and how big does a, how big does a fin tech firm need to be before they would come under this reporting, which i, which i think is appropriate for some of these larger and busier firms. >> it's interesting. you have a lot of nonbanks, particularly with apps that are transmitting i think it's now trillions of dollars globally. in many ways, they look a lot like what we see emerging in china, where large tech firms have a lot of ability to collect data, move payments. so we've proposed bringing some of those firms and subjecting them to supervision. we already have enforcement authority over them. we think supervision actually makes sure there's a level playin