>> reporter: what is cobol? .t's short for common business- oriented langua co-created by grace hopper 61 years ago, the computer codeas first developed when steve jobs was a four-year-old and computers took up the whole side of a room. many of the world's programmers have moved pascobol, but it's still around in banking and governments.g, and in many state >> cobol fits into almost every government system or agen. >> reporter: bill hinshaw is the founder of the texas-based cobol cowboys, named after the clint eastwood movie "space cowboys" in which nasa brings back retired astronauts to help fix a broken russian satellite about to crash into earth. >> the only men for the job. >> is anyo still alive who can fix this thing? >> are the boys. ♪ >> i can't fill up a space shuttle with geriatrics! >> reporter: hinshaw's group is a collection of 350 freelance cobol progs who work all over the world with the software. >> today there's about 220 billion with a "b" lines of cobol in use with another 150 n with a "b" tha

and it's really widespread 61 years later cobol runs the social security administration the v.a. the treasury department and many banks use it to process credit card transactions in 2020 because i just don't teach it anymore so there's a total lack of experts only one programmer maintained colorado's cobol unemployment system before the coronavirus outbreak and they get by with one dude now states are calling for cobol volunteers to help with the massive demand on unemployment agencies like with governor of new jersey in our list of volunteers judy no only do we need health care workers but given the legacy systems we should add a page for cobalt. computer skills because that's what we're dealing with but literally we have. systems that are 40 plus years old and they'll be and they'll be lots of post-mortems and one of them on our list will be how the heck did we get here we literally needed cobol programmers did he say cobalt like the color so we don't only desperately need a virus test and ventilators but we also have a shortage of experts in ancient computer language which whe

and there's only like a handful of people in the united states that are still programmers in cobol so systems are going down across america and people can apply for unemployment online they have to go in person stand amongst thousands of other people trying to file online right so as the unemployment rate is now projected to reach 30 percent in america higher than the great depression the stock market's up 30 percent from recent lows and the size of the central bank balance sheet has expanded by trillions so the question is which came 1st the expansion of the central bank balance sheet or unemployment what is the cause what is the effect as we've been saying on the show for 10 years central bank balance sheet expansion causes the unemployment because it causes the deflation that causes the economic duress that creates the unemployment the central bank will say point blank we're trying to fight deflation by printing money and yet they caused the deflation by printing money oh and the stock market happens to be up 30 percent oh my and the top 110th of one percent just made a few more $1

cobol you all from india. either of us who are committed to doing. if. we could be gone i'm going out. into soon and of course whom which i am which would be me i would go what a joy but where shall i go about invading me. but in the room with. me you may go one of them being the one that i must whom i'm going to host you through come and see the. amount of. rain in a valley and as you have your job i am going to buy. he a good i mean they need to be really needy i would. have. given. being made to you nic. you've been a good alec almost in a good. now that the merger on. the table in the open was a. but i mean if anything that is the lack of a new on the. import of found. any something if you see that. you need food. and i want to have a man up on some of. the way studios in the media. we always. have a hard lesson about. what its. goal is to go to the end of their lives it's unusual to. have struggles full of pleasure. on the sunny. side it's. also possible. reality is one of our systems an intimate look at life in cuba from a clue on media me down ont

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cobol you all from india. neither of us who are committed to doing. what he not. a monkey we can think on i'm going out. into soon and of course he. would have been me i would go what a joy but where shall i go about invading me good but in the room with. about me you may go i mean you do not unless you move back from uncle newest you through the. amount of. rain in a valley and as you have your job i am going to buy. he a good i mean a family and in the need to be really needy i would. have . being made to be a nick. unit could get out a little more than a good. now that our at the merge i'm coming. from a table that in the open was a. way out of etiquette grounds about 3. but i mean if anything that is really only they mean big. important on. big. something that i didn't often see that makes. you poop. and i want to have a man up a storm. if you waste your time in the media. you always don't read i just get bengal but i have a hard lesson about that. and what its. goal is to go to the. end of the list is in the real. struggle it's full of pleasure. and i'm bored

she writes cobol, still used today. i started programming and cobol myself in the 1970s. grace hopper, she was tiny,, energetic, always had a smile on her face. the young grace hopper. somebody you wanted to have a beer with. she was terrific because she was unafraid to try everything you. intellectual curiosity was her character trait. so there's ten admirals. right about now you want to say okay, admiral, what do you think? what arere the attributes of character that comehe out of the ten admirals? i'm going to hit them very quickly and that will open it up for some comments and o questio. first attribute that i believe comes across again and again and again is a character attribute if you want that big leadership door to swing, , the quality hae to have is this, empathy. listening better. who is this? you don't know who that is. he is an officer in the 1930s listening foror incoming aircrat it's a very innovative system for its day. i put it here as metaphor. that was chester nimitz here he walked into the room to listen before he started to talk. that's a pretty good,

she writes cobol, still used today.i started programming in cobol myself in the 1970s, met grace hopper. shoot tiny, energetic, always had a smile on her face. young grace hopper, somebody wanted to have a beer with. she was terrific. because she was unafraid to try everything new. intellectual curiosity was her character trait. so. there's ten admirals and right about now you should say okay, admiral, when you think? what are the attributes of character that come out of the ten admirals? i'm and hit them very quickly in the bergen open it up for some comments and questions. first attribute, that i believe comes across again, again and again is a character attribute view once that big door of leadership to swing, the quality you have to have is this. empathy. listening better.te who is this? you don't know who that is. as an officer in the 1930s listening for incoming aircraft. it is a very innovative system for its day. there is a metaphor good leaders are empathetic. that was chester nimitz. he walked into the room to

those states they're in unemployment systems are run by this 60 year old computer language called cobol or common or. well actually could do pretty well everything they might have to come out of the get out of it puter. people may have to come out of retirement to help these unemployment systems with the massive demand that they're getting with new claims and they have to update the system to include all these changes here what's happening in my home state so if i were to her old is reporting that they've only been able to process like 6 percent of the claim so for. yeah i mean i mean i have a 100 get out of here i understand why that is because some of the machinery is so old that they just can't handle all these claims all the websites are just you know but here's a question. and how 3 the banks are they going to get their checks into the trillion her. bail out you know are you going to help but go there and i mean what's interesting is like there was never a delay and then garnishing our wages are getting taxes but suddenly that we have all this trouble shooting to do and now they ne

. >> it the website is run using the cobol language developed back in 1959. >> i was born in the late 1970s. and so was our main frame system. >> the same computers that processed my unemployment in 1981 are the ones they are still using today. >> look at those phones. those phones are frlt '70s. >> >> trevor: that is some of old ass technology. do you even call it technology when it is that old? software written in the 50s. computers from the '80s. is and did you see those phones yes, younger viewers of the show, those are phones. look at those things. so old the only thing they look like they call is the past. >> hello? black people? yeah, whatever you do, don't get on those boats. free buffet, no, no, still, don't get on those boats. now i know a lot of people out there are going to want to use this as an example that government is all a big bloated bureaucracy that can't get anything done. >> so here is the thing. if america looks just over the border, you will see what happens when the people in government actually work to make government succeed. >> for those who have stopped wo

a fewntly saw a report days ago that said new jersey thehiring folks who knew cobol computer language, because the system they had in place had not been updated in over 25 years, so they needed programmers, just to get things going. i have a piece of anecdotal evidence from new york state that there seems to be a two week four b -- four week backlog. even though those numbers are staggering, they don't give full weight to the economic problem we are in. as i mentioned earlier. that means the real unemployment rate is probably somewhere in the ballpark of 14%, and it seems to be getting higher as total parts of the economy are taken off-line. that is exactly why we need -- we think we need this commission, to think about these heart problems, and to start to think about ways to address them and bring parts of the economy back online, once it is safe to do that. host: time for one or two more questions with paul winfree. this is ralph and washington, d.c., a business owner. what kind of business? caller: i'm not a business owner, i'm an investor. i'm in the stock market. i can tell you

for more on the impact of the virus, we are joined by kemal shree kumar -- by cobol shree kumar --by hobo three ri-kumar.s are we seeing some sustained buying ability? are greatse questions. i think the fact that we were down so sharply and there were a lot of people who were still short and trying to cover up everything in a couple of days is causing a surge in prices, as well as the fact that the volumes are not great. this to me as an unconvincing rally. second point, i think the intensity of the recession is yet to be felt. you talked about the poor jobs data for february. the data is going to be much worse, and those have not yet been factored into equity prices. alix: based on that, what is your best advice? you have to start looking for opportunities. komal: i would say that unless you consider yourself an expert trader, and you have stayed off so far, stay away still, and you are to find better prices as the s&p 500 goes down in the next three months as a result of economic we, and when you don't have this impact of short covering. in other words, if you are not in it and if

wasn't about you but at the minimum or less a matter of normal to accept it as law and lead to a little cobol those. comments are very well made public as a mock up of you if you hadn't even thought. of model number then the most used. in one article about a b. at all. what do you mean. the. order has. a center and must meet leave it in if an initiator and muscling will call you to cool small survey has he when we use the word may and will sorta. get. feet from us of lead in oakland is it the called bob the whole team of the who have been assured most of those people that like and that the. militant models of in the law but odds are about to shatter them subtlety. with half. hello it could lead to damage. i'm a member of the. developed mess. the . borg. are going to. go wild boy. we didn't know you. didn't went through. the. roof to view and i have heard though in with cuba that i'm only in there for lake whenever the spirit oh i'm so and while a fossil for an answer when i'm alone has seen that i'm on the high and there's a one way and others of me then from one can listen and i can reassemb

believe but at the minimum or less a matter of normal through accepted as law and lead to a little cobol those. comments are very well made because i marked as up to you if you had me be. the model number them the most is. the one i'll call a bottle be a. what do you mean. the car is not. a serial mustn't leave it in with a friend initiator and muscling will call you to cool small survey has he when we use the word main will sorta. get good. feet from us of lead no kind of deal is it the called bob of 14 with the clue that he did for sure and mostly good to those who put it like and that the. militant models of in the law but odds are about the strata i'm so hot out. there for. hello it could lead to damage. i'm one of the. developed mess. the. board. has a. little it's yeah. we didn't know you. went through the. roof and high average though in with cuban family n.f.l. whenever the spirit oh i'm so while affordable for an installment on sale that i'm on the high end and there's a one way and others of me then from a bank a lesson in economics and a laugh. even in the here early have neve

they run on a system called cobol. these systems have not been sufficiently updated. websites are crashing. in fact, the call centers that usually are set up to file their claims are also being shut down for the same reason people are trying to file claims in the first place, because of the pandemic. states are massively overwhelmed. there has been some additional federal money that was appropriated for the states to help them sort of upgrade or at least maintain their service to handle this surge, but it's not nearly enough. and the i.t. problems, to be clear, are not unique to state unemployment insurance systems. this is a problem basically at all levels of federal government. there's sort of systemic underinvestment in i.t. it never seems like an important thing until you have a crisis and suddenly everybody is trying to get government help at once. >> it's not important until it's important. lauren, what is the latest on the sba paycheck protection loans? that program has had a really chaotic start. >> that's right. if you remember, don, it really only got starte

lots of postmortems and one of them will be how the heck did we get here when we literally needed cobolrogrammers. we are going to try to go at a pretty good pace today. we will start with you. good afternoon. >> colonel, do you have any more information on where the basket will game was? >> i am sorry. was, again, a german organizing a game of six juveniles. organizing a game up six juveniles. >> more presently, some corrections offers do not believe they are being offered enough protections behind bars. inmates are being transferred between facilities. the have asked you, governor, to lockdown state prisons. are you open to either of those requests. then, two more's. which stores and hotels are being used for patients? this is another question i have. these transit orders, does that mean all hotels and motels across the state are being asked not to accept people anymore and will be used for hospital space? this is for my colleagues. you issued guidance this week that described when sick health care workers are allowed back to work. i didn't is based on cdc guidance. it does not includ

around the president that obscured responsibility at the highest level, their varied worried it be cobol and corruption and that it would not be clear who was advising what, who is taking different positions, who is making the final decision. that was very much the concern that they had inherited from the british system because it really was not clear what the british cabinet who told the king what and who is making the decision, who they can hold responsible for bad policies and the delegates rejected that option and refuse to put into the cabinet because they were concerned about responsibility and transparency. that's why they insisted they provide written advice because then there would be a paper trail of evidence of who said what and it would be very clear who to blame if something went poorly. >> from megan, was there some story or source that you loved but you cannot include in your book? >> that is a very creative question. yes, there is not -- i mentioned it briefly but i don't talk much about in the book's type sensor and other things about her. there is a thing called the art

ministration $73.00 basically send anything you produce anywhere in the world of to the us if there is not a cobol deal now that would suggest that the theory has a 3 hour now word counterparts that they will soon be able to export to other countries to see that we're going there were fears that this would limit the global supply would even let the us in supply eventually because there might be tapped reaction from calendar and other nations apparently that's been sorted out in terms agreed to give us $55500000.00 facemasks a month so that's one thing and then the other thing is the u.s.s. comfort the the navy ship in new york which was you know dr with great fanfare and 1000 beds but if you ask you by the end of last week about 20 people were being were being treated that actually at the ruins that no one with $1000.00 would be admitted and then unintentionally some people with could be plenty well placed aboard and then they were put into quarantine but now it seems that it will not be allowed to use be used to treat patients with plenty which is. a new brain can certainly go. new jersey it work

feel if they did they would be ostracized by their colleagues within the white house correspondents cobol feel among themselves they laugh at him, they mocked him , that is the overriding theme. many people just inherently can't think independently and in fact that's one reason like a few other people i don't want to be told what to read i want to go firsthand with what actually happened i don't have blinders on and to penetrate secrets and that's what i have done. >>host: excellent it is a fun read so explain what happened with writes previous and paul ryan and chris christie during the access holloway it on - - hollywood for the campaign. what did they do and are there any repercussions for what they did later? >> keep in mind he went to the debate and still supported trump through the rnc he did not withdraw his support. >> what did he say? >> you can i reading that from your book. but he made chief of staff. >> at the same time he never forgave him for saying that which is unfortunate because reince priebus presided over so many of his successes but the ceos to realize they can expand

spearheaded the effort to create one of the earliest and most important shared computer languages, cobol, the common business-oriented language, which is nobody's favorite programming language today, and is partially responsible for the y2k crisis. but it did the job of opening up computing to another generation. see, grace hopper and many of her contemporaries understood that computing as it originally had developed could never continue to develop if it remained fully in the purview of experts. if it remained in the hands of what was then sort of proudly called a shadowy priesthood of coders. grace wanted to see programming made accessible to as many people as possible regardless of technical knowledge and knew that could only be possible if users, humans, could communicate with computers using something like natural language, not just numbers, but recognizable words. and if that language was -- and if that language was hardware independent, meaning it could run as easily on an ibm machine as it could on univac. and this notion of interoperability and access regardless of expertise, is

have you hired new staff to help handle this volume, particular have you found new cobol programmers? and people are clamoring for how they can get the federal benefit, the $600. $600. i know you just said that, but any clarity. the long-term care, do you have a sense of how me providers are being noncompliant in terms of notification? were getting a lot of anecdotal calls, is it widespread, why not just name them now? >> anything else? rob? >> the $600, there's nothing anybody has to do once they are eligible and claiming, they will get the $600 additional. as of right now, it is going out as a separate payment. it will come a few days after the regular unemployment payment. this is still a federally administered program, and we are still waiting for guidance. we are good to go, we are good to make the payment, but until the feds say go ahead, we cannot make the payment, but i am hopeful we will be the first state to have that. our systems are ready to go. how to keep from getting on the phone, i mentioned there is a new faq and it sounds boring, but a lot of it is to address a lot o

a fewntly saw a report days ago that said new jersey thehiring folks who knew cobol computer languagee the system they had in place had not been updated in over 25 years, so they needed programmers, just to get things going. i have a piece of anecdotal evidence from new york state that there seems to be a two week four b -- four week backlog. even though those numbers are staggering, they don't give full weight to the economic problem we are in. as i mentioned earlier. that means the real unemployment rate is probably somewhere in the ballpark of 14%, and it seems to be getting higher as total parts of the economy are taken off-line. that is exactly why we need -- we think we need this commission, to think about these heart problems, and to start to think about ways to address them and bring parts of the economy back online, once it is safe to do that. host: time for one or two more questions with paul winfree. this is ralph and washington, d.c., a business owner. what kind of business? caller: i'm not a business owner, i'm an investor. i'm in the stock market. i can tell you that wha