to really get together and in today's big deal edward harrison are discussing the latest and greatest tech stories from this past week plus remember you can see all segments featured in today's show on you tube and you tube dot com plus the best art and on hulu at hulu dot com slash. now before we go here a look at some your closing numbers of the bell come on down. to us but. we're going to go to jewel the price is the only industry specifically mention of the constitution and. that's because a free and open price is critical to our democracy all those years. in fact the single biggest threat facing our nation today is the corporate takeover of our government and i was proud to mco we've been hijacked by handful transnational corporations that will profit by destroying what our polity harbors one still just my job market and on this show we reveal the big picture of what's actually going on in the world we go beyond identifying the problem to try rational debate and a real discussion critical issues facing them but we're still ready to join the movement and welcome there. it's a. pro

mr edward harrison we missed him but he's back today and we're discussing tech it's all over the tech tech tech here the most recent tech stories from the past week let's go over the internet first up a washington post reported record high traffic just one month after adding a digital stuff so that word is this based on what he does vaster now i think it's a great it's a great story about how you know disintermediation are where we want to call it but basically these newspapers have been getting crushed by the platform chains you have all this fix infrastructure cost and they were moving to the. you know they can't support that infrastructure but the post is the way to increase their traffic and hopefully increase their revenue base but they're starting from a smaller base and it's early days of that level so i think that the jury's still out how long this is going to last but they've got a good ball now what's going on with john mcafee this is crazy i mean his story is better than any crime novel i've read this just tell me what's going on because you were black and he he was out the

big deal time on this thursday with no one for edward harrison now today we're discussing a couple things first going to start off with apple t.v. then we're going to snap chat and then bit torrent now our first two stories have to do with security and privacy first open whisper systems and open source software group has announced the creation of the signal now that's a free out that allows people to encrypt their phone calls for free so how does this work what's the start of this so basically you were talking to bruce schneier about encryption and the point is here that you want to be able to take phone calls and be able to encrypt without having to do a whole bunch of whiz bang stuff you know you have the black which allows people to basically be able to use their telephone in a normal way without any sort of surveillance this is a way for you to actually have telephone conversations using it without having to use any sort of sophisticated. hacking or routing what are jailbreaking and be able to have a secure conversation this seems like there's no way this will work ok you know we know

whether public and private debt is still a problem they face crisis now also in today's big deal edward harrison and i are going to be sticking with this whole debt theme will be looking at public and private forms of it and again how much of it exists post-crisis you want to miss a moment actually gets in that it all starts right now. with. our lead story today debt more specifically debt in the context of portuguese bank spirit. now late sunday portugal's central bank unveiled a four point nine billion euro or six point six billion dollars rescue plan for a bank or a spiritual song to the central bank revealed the plan to rescue the country's second largest lender by breaking up the bank and pumping billions of euros worth of state money into it as spiritual santo provided loans to its parent company euro fin holdings which is a luxembourg based conglomerate which has run into some trouble lately after an auditor accounting irregularities last month and the bank also sold billions of euros worth of debt to. own customers now under the four point nine billion euro plan depositors and senior bon

we'll time with edward harrison one you know me on my favorite day of the week check there is to ensure we're discussing a bunch of the latest tech stories the starboard end first a lot of news coming out of microsoft on wednesday their fiscal fourth quarter performance was released barely meeting the projections of analysts and that doesn't sound too bad but they also just announced massive layoffs so what's happening over microsoft give you the lowdown so basically microsoft. platform shift here will go into the mobile space and computers are decades technology and microsoft is trying to fight another uphill battle to move into that space which is now increasingly dominated by. which right on early today and by android google system so they're firing a massive number of people even though they just took over nokia nokia employees going to take the brunt of this raid and they're going to try to turn around the ship i don't know they can do it i think basically microsoft is going to live off their past laurels going to try to do more acquisitions but it's going to be a tough road they'r

big deal time with the wonderful edward harrison and today we're discussing that. public and private. according to the irish independent the average person's debt on credit cards utilities and other unsecured loans is five times larger than it was at the beginning of the recession in two thousand and eight. there has also been an increased amount of people to claim bankruptcy awesome stuff so edward what's going on in ireland talking about this because i think that's a good little country to segue into this whole thing because ireland supposed to be the country that is doing the best in the periphery so if you think about you know there were the core countries in europe germany austria those countries the netherlands and they had the periphery which was ireland spain and a bunch of other countries and ireland has done the supposedly but here's a country that still has a level. of unemployment you have a quintupling unsecured credit in the in the country and house prices are still forty percent below where they wore at the peak so we're still in a world of in irelan

every three humans on the planet are on facebook but hold the door my dear friend and colleague edward harrison things facebook isn't all that in fact he believes it's bubble licious my word not his so why does ed think it's bubble licious because it's a large market cap stock in fact it's the fourteenth most valuable stock in the s. and p. five hundred doesn't mention before and its value exceeds about two thirds of the top stocks on the dow jones industrial yet at the same time it has a price earnings multiple of nearly one hundred times which would mean it would have to have tremendous and i mean tremendous growth in order to justify that multiple. and provide a decent i mean even kind of decent return to invest to investors so to quote ad basically facebook is like cisco circa one thousand nine hundred eighty nine. argentina is facing some serious debt problems and they have until the end of the month to figure it all out now this isn't the first time that this is happening argentina and fact argentina defaulted on the debt as recently as twelve years ago so why do people even keep buying a

big deal edward harrison and i are discussing a big very big payday in switzerland now referendum on when may eighteenth might put swiss minimum wage at twenty two francs and. twenty two francs is about one thousand euros in about twenty four to twenty five u.s. dollars but it nice now now this proposal is made by the specific ration of trade unions and supported by the socialist and green parties a recent opinion poll found that sixty four percent of voters are against the proposal put referendums can have surprising outcomes now cue the arguments about the minimum wage this government argues that it would it would threaten jobs and make it harder for young people to find a job in the first place now supporters they argue that the wage would help people who work full time live decently and switzerland is of course notoriously an expensive place to live however can you tell me a little bit more about a social and economic position right now and basically what is the unemployment rate in that country if there are positions pretty. in fact it's there have been unemployment in the three

today to talk about the latest news coming out of mexico and what it means for oil production and edward harrison is back he is back with the wonderful mr harris that is sitting down with these big deal to talk that you won't want to miss a moment of it all starts right now. our lead story today mexican oil wednesday mexican president and recreate pennetta yet signed a historic reform bill that will allow foreign companies to access or oil and gas fields in the country the reform is meant to make mexico's oil industry more competitive and drive economic growth in the world's fifteenth largest economy this is stored bill was approved back in december of twenty thirteen but wasn't signed until this week the reform ends a seventy five year monopoly that barred foreign participation in the market since nine hundred thirty eight pemex mexico's state owned oil giant has held a monopoly over oil and gas this reform aims to make pemex more efficient through cooperation and joint ventures with foreign players now the new law doesn't just break the monopoly on foreign companies but now domestic private oil

today to talk about the latest news coming out of mexico and what it means for oil production and edward harrison is back he is back with the wonderful.

whether public and private debt is still a problem today post-crisis now also in today's big deal edward harrison and i are going to be sticking with this whole debt he will be looking at public and private forms of it and again how much of it exists post-crisis you want to miss a moment specially the gaps in debt it all starts right now. with. our lead story today debt more specifically debt in the context of portuguese bank spirit. now late sunday portugal's central bank unveiled a four point nine billion euro or six point six billion dollar.

today to talk about the latest news coming out of mexico and what it means for oil production and edward harrison is back he is back with the wonderful mr harris that is sitting down with this big deal to talk that you won't want to miss a moment and it all starts right now.

percent inflation per year so it's not required to achieve low unemployment however producer edward harrison has pointed out these he also has a responsibility to quote support the general economic policies in the union with a view to contributing to the achievement of the objectives of the union these include full employment and balanced economic growth you know that quote that comes directly from the e.c.b. is website but even with only one primary and i mean primary mandate to handle the e.c.b. has.

inflation per year so it's not required to achieve low unemployment however as boom bust producer edward harrison has pointed out these he also has a responsibility to quote support the general economic policies in the union with a view to contributing to the achievement of the objectives of the union these include full employment and balanced economic growth now that quote that comes directly from the e.c.b. is website but even with only one primary and i mean primary mandate to handle the e.c.b. hasn't been meeting its two percent per year obligation so basically things look bleak in europe so is mario draghi in denial perhaps just maybe he is but i think matt o'brien at the washington post put it best when he wrote europe hasn't recovered because it hasn't let itself too much fiscal austerity and too little monetary stimulus have instead put it more than halfway to a last decade that's already worse than the one nine hundred thirty s. . so you just heard me say that europe is in trouble and economically speaking european countries are far worse off than the u.s. today but our next guest our ne

both hurt he's a little bit about we'll look into it coming right up manage today's big deal edward harrison are discussing a big big payday in switzerland you won't want to miss a moment at all starts right now. today we're looking at as now most business television shows don't spend a lot of time talking about business ethics but we aren't most business t.v. shows so what prompted us to address this very subject fannie mae and freddie mac. yeah ethics and fannie mae and freddie mac. last summer a lawsuit was filed by perry capital and several other hedge funds which argues that the government is taking too much of the profits from fannie and freddie perry and other funds own preferred shares in the companies that they believe are worth not so small fortunes if only the government would stop how do you know the profits now let me start back to the beginning back in two thousand and eight fannie and freddie were bailed out by the u.s. government they were two of the biggest and earliest bailouts of the financial crisis hank paulson the treasury secretary at the time place the companies into

to have you here to the big sam is our to his political commentator and he's pinch hitting for edward harrison he's on lucky guy and we're discussing tech tech and more tech in fact we're covering everything from tesla if you can believe it madame kim cardassian and it is tech related now first up fast food sales now while all the other fast food joints slumped in q one in q two of this year mcdonald's is still projected to be the top dog of this a losing bunch and with americans writing mcdonald's as the more just to stay in fast food restaurant there seems to be plenty of room for a replacement so sam what's going on here well it looks like these sort of fast food hamburger joints are falling by the wayside i think we have some earnings from two thousand and thirteen you can see the top five fast food joints and you can wendy's and burger king those sort of low cost burger joints they're in fourth and fifth now if you look at the projection of sales for twenty twenty they drop out of it which has people wondering if americans are kind of fed up with the fast food burger i don't think that's

whether public and private debt is still a problem today first crisis now also in today's big deal edward harrison and i are going to be sticking with this whole debt he will be looking at public.