of so-called dgc sword digital gold currencies.efore paypal companies with names like e gold and picnic were doing massive transaction volume and ownership stakes in grains and grams of gold and silver. stored in facilities from london and antwerp to coeur d'alene idaho and dubai. this particular artifact is from the liberty dollar silver system, not a bank, we hasten to add, which was attempting to create their own circulated bull notes which were not notes of currency as such but instead ownership receipts were some volume of precious metal physically stored on a bunch of pallets in a warehouse in idaho. they would also as soon as they were able to issue paper receipts issued digital receipts and come up with their own ledger transition systems so you can pay and be paid in these precious metal accounting tokens. this version of the digital cash project drew on the work à Ãi'm sorry, i already said that part. these had the ideology, the anonymity, the network ease of use and scarcity of ashes metal. and they were fragile, brittle

digital technologies have provide americans with remarkable array of services. it is never been easy to share news and information to publish content and to commit it with loved ones. all at a moment's notice. as the technological revolutions of the mask of this transmission has opened up about the power across our economy. it is support for congress to study understand of these imbalances are affecting americans when it is causing these asymmetries of power and whether these new and growing inequalities are compatible with our democratic values. the committee ongoing oversight of competition digital markets is a key part of this process. today's hearing was examined the role that data plays in creating and maintaining inequalities of power and how this affects competition. as previous hearings have shown, growing share of commerce communications is now controlled by a small number of companies. because these platforms are in essence large intermediaries, they are perfectly positioned to closely track each transaction and communication that passes through their

those were completely digitized and put into a digital database for people to be able to access from wherever they wanted to. and so that is manager that we are really pleased about -- something that we are really pleased about. we are continuing to digitize the remainder of our records, and that is one of the work streams we do have for modernization this year. we are going to have a limited pilot of a public records system where we'll be able to add in the virtual card catalog records that are already digitized as well as the records that we are dimmingtizing now and then work on how we might be able to make all of those records available in some way available to the public. >> and on that digitization project, to you do that with outside contractors? >> yes, yes. we have contracted, we have been working, actually, with fed link who has been assisting us on that and with outside contractors to digitize the additional records beyond the card catalog. we have about 26,000 record books that we are hoping to digitize and make the information, the data like copyright registration number

a digital economy.does that actually mean? this is bloomberg. ♪ rishaad: we are back. let's take a look at what's going on with indian targets. -- markets. a record-setting wednesday. are we building on the record levels? reporter: that's right. we have been perched at record high levels for the frontline indices. this thursday morning, we are seeing a bit of cool off. no major losses. the centex down almost 30 points. the nifty down about 38 point. we could be in for a bit of volatility. be a bit of volatility for broader markets as well. the nifty 500 index is also open with cuts. , globaleing supporting liquidity is one reason. in india, the volatility is trading almost at four-month flows. fresh buying can be attractive. juliette: you are also looking at the companies. what is behind the move in those stocks today? all eyes are on the tartar group companies. when the order came in from national company tribunal, we saw the stocks reacting negatively. it appears arrest some correction for all the com

one example is the digital payment system. it started in 2007 in kenya and is available in other african countries in india and in parts of eastern europe. the account is linked to a mobile phone number users can pay bills or transfer money by text message a large network of employees agents allows for the digital wallets to be topped up one of the interesting things about electronic quality is that in places where the banking system is less developed the least developed you find the highest levels of comfort with using digital well that's simply because people will grasp on to any alternative that works back in the unbind has come to facebook's attention to the plan to evolve its caliber is supposed to be integrated into facebook messenger what's up users could then do worldwide payments in facebook's own currency libra the project has raised international criticism for facebook's entrance on to the strongly regulated financial market should give mobile payments another boost i think most likely in the next 5 years we will se

to digital formats. born digital photographs constitute virtually all of the photographs being made today. people made an estimated 1.2 trillion digital photographs in 2017. one researcher estimates that every two minutes, we take as many photographs as the whole of humanity in the 19th century. this is way too many pictures for a researcher to reckon with in any meaningful way. even with help from artificial intelligence, whose programmed interests are not the same as ours, it is hard to imagine how to make effective use of such an enormous collection of digital images, or assess the integrity of any individual image. we are in the midst of a tectonic shift here, and it is hard to say how the emerging skepticism about the veracity of digital images will retroactively alter our faith in historical photographs. even familiar photographs can be rendered intellectually unrecognizable in digital iterations. the gardener photograph i am writing about exists in several different digital archives, sometimes ade

the digital turn, the digital turn presents two broad and enormous challenges for historians who woulduse photographs. on the one hand, the question of how to think about born digital photographs, a term used in opposition to analog photographs, which are produced with chemical processes with physical and material form. on the other, there is the question of how to figure out digital archives. both composed entirely of digital materials and those created as older materials are converted to digital formats. born digital photographs constitute virtually all of the photographs being made today. people made an estimated 1.2 trillion digital photographs in 2017. one researcher estimates that every two minutes, we take as many photographs as the whole of humanity in the 19th century. this is way too many pictures for a researcher to reckon with in any meaningful way. even with help from artificial intelligence, whose programmed interests are not the same as ours, it is hard to make use of such an enormous collection of images. or assess the integrity of any individual image. we are in the mi

it has been a single digit world. 9% return. seems like we were too cautious over the last 10 years. should we maintain that caution or can we begin to lift our single-digit expectations? abby: i find myself to be more cautious than i was and it is strictly driven by valuation. the worst part of the great recession, what was price then at those p.e.'s of eight times earnings was the assumption the prophet recession would last another three to five years. what is priced in now at p.e. of 18 times earnings is the assumption there will not be recession, that profit growth will continue, so on. there is no margin for error. that is what i am most looking at. could there be surprises? will the surprises be positive or negative? i believe that we have a chance of more negative surprises than positive, including things that happen outside the united states. tom: i've got more questions on the markets. i will squeeze in them on the discussion on the fed. abby joseph cohen went of goldman sachs. a really special section on her current re

funds or digital platforms and then be able to determine how much tax they can get from them as they already being taxed but this is only withholding tax which is majorly remey to 2 countries where these digital platforms originate and give an example of who has its headquarters in the united states so it becomes a bit difficult for the can your revenue authority to determine how much tax is going to come from that and so by collecting this data they're able to determine how much tax each of these platforms should be paying and you mentioned there of course it's only one of several multinationals that could be affected has there been any reaction from any of the others. of the has been this has definitely sparked some conversation because from the time that the president signed this into law that was in november of this year and we have seen many digital platforms actually come out and say that they're not so sure how this is going to happen because as east los of the digital platforms are not regulated in any way and so these going to have to be some sort of regulation before we can

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haslinda: earlier, you touched on digital banking.re encouraging digital banks to further the competition within the financial space. ow much traction has there been? ravi: referring to the digital bank licenses, we just put out the requirements, and we are now getting lots of interest. so i think next year, you will see who will be successful. we have five licenses up there. this will inject more competition, and i think that is ood. position of weakness. the banks, both local and foreign banks have strong digital offerings. i think some of them, local banks have won accolades with respect to digital infrastructure for being the world's best. haslinda: it has changed the banking landscape, right? ravi: the last four or five -- three years, it has changed tremendously. it has been a big leap. it is not as if we are lacking something. no bank we are in competition with is lacking either. it is very keen competition, but we thought we could do even more. the main purpose is not so much that the existing landscape is lacking, but can it

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appears that the government is trying to get ahead of this whole digital currency phenomena craze or whatever you want to call it due to the eventual roll out of facebook's libra now is it a good sign that governments can avoid the coming change of the guard or is it that they're going to do it poorly to try and beat out facebook. so what the big concern here is actually a currency that circulating outside of the money supply in outside of the financial system this actually brings across financial stability risk according to the central banks and so this is actually the case with something like facebook libra in the case of for example project venus from buying as they're actually looking to work with governments to actually launch locally pag fiesta currencies or central bank currencies from an external perspective working with those central banks and so that actually has a lot more potential and is much less threatening to these central banks and so that's something definitely to watch and how that goes across what central banks and looking how they continue to focus on issuing cen

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distinction and more importantly why are they choosing digital over crypto. so with a central bank digital currency they are looking to maintain control of it and maintain the tools that central banks have at their disposal and so essential bank would likely actually issue using a private not a public law chain meaning regular citizens like you or i wouldn't be able to see the public ledger having said that we would expect that these would have increased transparency internally to parties and would help to lower things like counterfeit or any sorts of issues that might arise for a private block change they do need to have much higher throughput on transactions and compared to public blog chains they do offer that as a reference point you could look at pay in china on singles day a couple of years ago they process $256000.00 transactions per 2nd and so if you were to actually have a financial system with a block chain layer we would need to at least have that sort of throughput for it to be viable in most countries. now we're running short on time so i do want

some people like to say digital dimes, i like to refer to it as digital pennies. as part of that transformation over 2,000 local newspapers have shut down and i see that trend only continuing as less people access their news from the printed product, you will see dailies here in the next few years transition from a print product to a digital product. "the salt lake tribune" is the firsts nonprofit route, to make this transformation. do you see what you transition ? >> yes. yes. i would say there's probably been a couple dozen publishers that have already reached out as well as a number of different law firms who are representing other publishers asking what the playbook looks like as they are looking to go down a very similar pathway with their old newspapers. >> i wonder in ten years are we going to have big, national brands like "the new york times" and the washington post and mostly nonprofit papers everywhere else? is that possible? >> look, as i really look at the landscape of historic and legacy newspapers and markets of our size, as you transition from a pr

all of that it's for a majority and what's taught is this is the digital age i read the other day that there's. a many one and a half 1000000000 smartphones in the world i have a whole block prepares for the. top a little bit of the concepts and the design so talking a little bit more about the luxury of freedom and luxury of the physical world is a luxury of freedom well you know when in history in our analog 100000 years of humanity we defined luxury through materiality so. oh precious stones are precious materials for certain crossman ship these sorts of things so 40 years ago it took 40 men 3 months to make a rolls royce right and today you make it robotic you know you make it like you can make a nice. so the luxury of being i think question and redefined in a way. but what i realize now is that luxury in the digital age worse is the analog is it's about having means of seamless communication you know khloe the world is becoming one luxury is to have a 1000 friends around the world luxuries for affords me to work and i'm working 49 countries right now if frank lloyd wright was aliv

and startups and innovators are meeting at the car digital show. just to discuss ideas for the future but also how to finance. and how you know yes it's good to have you with us on business the so-called digital tax foresees new fiscal regulations for companies like google amazon and facebook u.s. treasury secretary steven warned the organization of economic cooperation and development o.e.c.d. against overhauling existing international taxation rules but france sees that very differently. right now global giants like amazon google or facebook can decide themselves in which country they tax their profits or regulation the u.s. in particular would like to preserve the paris ones profits that are made in france to be taxed in france and it's determined to enforce that. the american proposal for a solution which companies choose whether to be taxed or not does not convince me if i haven't seen a lot of companies that freely accept being taxed i've always counted on everyone's philanthropy but i'm not sure that with regard to public finance it goes a l

thin it's gotten do you still read our copy newspaper your city still have a daily we'll talk with a digital disruptor who is making the most of the print media tailspin but 1st the president of the united states on the world stage as other world leaders are laughing backstage yet trump's tribe is undaunted i'm holland cook in washington this is the big picture on our t.v. america. dateline london the nato summit where president trump soundbite rich appearance with other heads of state had him scoffing behind his back. let us. think. that. others were amused trump was not. well he's 2 faced. and i honestly wish to know he's a nice guy i find him to be a very nice guy but you know the truth is that i called him out on the fact that he's not paying 2 percent and i guess he's not very happy in bed. meanwhile here in washington the impeachment hearings interrupted repeatedly by procedural formalities and bluster from republican members of the house judiciary committee the president's supporters remain enthused they figure president trump is delivering the disruption that candidate trump promised

but what i realize now is that luxury in the digital age worse is the analog is it's about having the means of seamless communication you know clothes the world is becoming one luxury is to have a 1000 friends around the world luxuries for affords me to work and i'm working 49 countries right now frank lloyd wright was alive today or your cost so can imagine what they could be doing how prolific they could be we thought they were prolific then you can be very prolific now so these are the new forms of luxury and then i personally i realized in the last couple years what is luxury for me and i concluded that it was free time because i realized that the majority of us work so hard. and we're so inundated with a lot that we when we have that moment to be alone or to be with someone we love to be with our family or to. meditate or to these things exercise alone do things that are really personal this is the luxury. and my 2nd definition of luxury is that you're on this earth to do what you were put on this earth to do that means you live a luxurious life in other words if you can reach a

was on and on today there's such because everybody is following trends which this has to do with digital age too but also as if they're running out of vision or ideas so what happens is the only way they can compete is the name so i'm always amazed at this like you open up a spread of a magazine and you see well i don't know a track pants for a woman with a big straight down the side and on the stripe you see busking you know or prada or and because the name is the only thing this differentiating now now in the design world the same thing is starting to happen because you have the and the competition there is that you have a nation ends and the mangoes and you know all the mass market is powerful and it's really giving in a way you could argue good design now you can see in design same thing the ikea's of the world and the mass market of the world is showing the world that are beautiful contemporary couch could be 110th the price of the luxury couch so it's more accessible and i think this is a beautiful thing i've always been a big believer in this notion of i call it design ocracy demo

scratch that out it's the digital platform. so digital needs a platform, not a dashboard.o years building the new relic one platform in anticipation of where the market is going our customers want one platform on which to see everything going on in their digital business, application performance, infrastructure, and most recently log machine data, all in one place that place is new relic one, which is the platform on which the future companies are going to make their digital businesses successful >> okay. if that's the case, november 5th, an analyst who likes your stock, says this is for longer and thus disappointing first reported billions growth in guidance very weak. billings growth was 1% year-over-year that does not sound like growth, lou. >> well, we've been investing for the long-term in building that platform, jim we anticipated where the market was going, and we did that while we were investing in that, we did that at the cost -- >> excuse me >> no worry, no worries. there were some short-term things we might have done where we were not investing for the future bu

are being our existence and in the digital age.ge we're all free no borders no boundaries and we are equal why do we see more wells and raising out here this is as for exactly that and where exactly does it go and metaphysical. in the last 40 years we have something like 32 new countries you know that 3032 new countries the last 30 why the fear the fear that since this is the digital age is borderless about if we're going to become nationalistic or patriotic because we're afraid we're fraid we're losing something so people are becoming more fanatic religions are becoming more fanatic borders and boundaries are closing and it's only now because it's temporary because right now is the mulch of this moment i think the schism between 100000 years of digital i mean god analog and 40 years of digital so it's only the beginning when you say 100 years from now it may happen great so you know my daughter 6 and a half so maybe she'll because an average human being can live to 120 maybe she'll see that change but my my i know what's going to

the stance from france, more on to digital tax when we talk the country's minister of digital affairsfcc for greater access, the latest attempt to fight sanctions, but does that have legs? our top story. back to amazon. bloomberg has learned investigators are looking into its massive cloud computing business. sources say the agency has been asking software companies about practices around aws. the unit is one of the backbones of the internet and has a cloud computing market share of 50%. rival microsoft is 16%. anning us to discuss is analyst from rbc capital markets, and in washington, the person who helped to write the story. regulatorsprised seem to be looking at almost every portion of amazon's business? >> i think this is as surprise. complaints about amazon's retail business are well known. independent sellers have been talking about ways they think the company is not treating them fairly on this platform, but complaints about age of u.s. have been quieter, so the fact they have seized this as an area of concern is significant, especially because aws is such a large part of the

we are very focused in closing this digital divide that we talk about in terms of rural america. >> host: how many customers and how many employees? >> guest: we have roughly 1.2 million customers and access to over 2 million addresses. and so we are constantly expanding our network. roughly 3600 employees spread across those 23 states. >> host: and revenues? >> guest: revenues in excess of 1.3 billion annually. >> host: two of us explore some of the issues that you deal with as a smaller isp is matt daneman of communications daily. >> i'm glad you broached the term digital divide. the numerous americans who don't have access to high-speed broadband. fiber is often looked at as the solution to that for a lot of those communities. from your standpoint is, as a broadband company what to going to take to get fiber across america to those harder to reach last reach places, what's the barrier to a the fiber? >> guest: fiber is the backbone of communication services, and so we are intent on expanding that network for any reason we can find and we use both the deployment of additional cell towe

you're watching news from berlin coming up next to shift to living in the digital age you can follow us on twitter at t w news all go to our website dot com i'm jarred by. i. probably will succeed in dividing us so i don't not succeed in taking the people off the streets because we're tired of this dictatorship. taking the stand global news that matters d w made from mines. i don't think that well i guess sometimes i am but i said nothing which. thinks deep into the german culture of looking at the stereotype the question if you think the future of the country that i know the time. needed to take for this drama. it's all about a bomb i'm rachel join me for me if you haven't done t.w. post. these days more people can afford to travel than ever before i'm constantly daydreaming about my next holiday but how can you travel smart how can you help preserve the environment and sides and avoid bothering locals i want topic today on ship. tourism is booming 1400000000 people travel internationally every year half of them in europe but tourism doesn't only bring. profit places like the broth

i want to mention the digital changes.after taking this job i realized the physical improvements are great. it is great to have co-location. a lot of issues that you hear about are related to the bigger projects. they take a longer period of time. the answer is not the physical space. they are digital. electronic plan review is huge and it is exciting to address the challenges. actually, the work is complimentary. i wanted to point out you probably know most of this. in my world of construction special events and permitting. in the construction world there are three main routing paths. the d.b.i. over-the-counter, 65,000 each year in 24 to 48 hours. then there is the d.b.i. submittal 6,000 a year. 20,000 permits that are starting and routes through the department of public works. when we think about all of these i am going line by line with staff to understand how every step works and how it will work in the new world to figure out how will step by step work electronically? it is complimentary. what does it mean? moving fr