half in bloomington indiana in the arts organizations and charitable causes. i think particularly this is an enormous advantage because it will allow them to take payments they may not have been able to take before in a secure environment. and i think that we should be optimistic about the future of mobile payments and their ability to serve small businesses. >> thank you. thanks for the testimony. i yield back. >> welcome to the witnesses. in preparing my questions for this morning testimony i have a lot of advice from people here in dc, lots of folks back home, and two of my own personal experts. my daughter and my 15-year-old son, they are all about mobile. that's all they know. in the current and future consumers, big consumers. so can you explain how your mobile technology works so i can show my dog and -- my daughter and my son. >> apparently the previous testimony was -- spirit it was good and i want my kids to understand this because the future. >> the younger population is an important demographic to follow. what they do and what their habits are indi

malcolm: i got a job at a little magazine in bloomington, indiana, right out of college. i only lasted -- i was fired after about four months. emily: for doing what? malcolm: for -- basically, for sleeping in. i moved to washington, d.c. and kind of freelanced, essentially. did a variety of odd jobs for a while and finally caught on with "the washington post." it was very serendipitous. i never had any plan. everything was a lucky break. or a random choice. emily: surely a job at the "new yorker" is not a lucky break? that's the result of some pretty hard work. malcolm: the "new yorker" was still a lucky break. you know, i think one of the mistakes we all make, when we look back on our lives, is we tend to we overestimate our own qualifications and choices and underestimate the role of simple good fortune. emily: have you evolved your conclusions? have you changed? malcolm: you still believe the same thing you believed 15 years ago, then you are a joke. you are a fossil. ♪ ♪ emily: there are myths about some of the greatest creators and innovators that are so often boiled

it started in bloomington, indiana. the founding editor is still the editor of it. i think i started in '84. then they moved out here, we all moved out here in '85, the following year, and i think i worked until '88. i covered the '88 campaign so probably until '89. >> c-span: then what? >> guest: i went to howard as an editor writer and did that for a couple years. and then i was asked to write speeches for the first president bush. i did that for a year. when i started working for him in the hellish year of 1992 when he was running for re-election i started in january when his approval rating was 47-48 and then by march i got it down to 35% and it continued to plummet the longer i worked the worse it got. but it was an invaluable and wonderful experience. i have tremendous respect were him. >> c-span: after that? >> guest: i went to washingtonian magazine for a couple years. and then i got the call saying we will start a magazine with bill crystals and fred barns and david brooks. let's go. i said it sounds great and i went to the "standard" >> c-span: if you are

mentioned earlier it's a boon to farmers markets and artisans and music festivals as we have in bloomington, indiana, and arts organizations and charitable causes around the country. i think particularly for smaller businesses, this is an enormous advantage because it will allow them to take payments that they may not have been able to take before in a speedy and secure environment. and i think that we should be optimistic about the future of mobile payments and their ability to serve underbanked, unbanked, and small business. >> thank you. thanks for your testimony, i yield back. >> thank you. mr. olson? >> i thank the chair. and welcome to our witnesses. i have a challenge for you, mr. ahn and mr. mueller. in preparing my questions for this morning, this testimony, i relied on advice from people here in d.c., lots of folks back home, and two of my own personal experts, my two teenagers. my 18-year-old daughter and my 15-year-old son. they are all about mobile. that's all they know. and they're current and future consumers, big consumers. so, mr. ahn, can you explain how your mobile technology work

indiana and duke. stay with tv9. after a couple of days off. they host bloomington at home on wednesday. ... they're currently tied fo first place ithe eastern conference standings with dubuque. this season has been filled with ups a a downs. they started the year 5-0, then lost seven of their next 10, but then went on a 7-game winning streak. there's still long way to go, but the team feels all the right pieces are in place. "i feel like we have a more grittier forward group this year. and i think it's definitely helping us out a lot. we're gritty, but we're also scoring a lot of goals. . definitely have participation from all over the forward line from the first to the fourth line. everyone's scoring goals. everyone's making plays. everyone's doing everything." "i think we were playing well the whole time, i just think bounces weren't going our way. we sharpened up in practice and started throwing pucks on net. doing the little things right and i think it's starting to "pay off for us" ... back to some football, the pinstripe bowl in new york city... indiana taking on duke... this was a sh