eric schmidt had been some interesting papers. he had been making the point that so much of the tech industry is project-based learning. google gives people time off to do what they want. they give them time to explore and hang out with other people, outside of the framework of this more structured enterprise. burning man, from the very beginning is project-based learning. it attracts people from every demographic that you can think of, every category. so you have to, potentially, encyclopedic knowledge assembled at this place. and the natural way to learn is project-based. scholarship is fine, academic models can be useful for certain things, but human beings tend to learn by engaging in project- based learning. if you look at the desert -- well, here is an example. i was on a tour for the black rock arts foundation. we went to various studios around the area where artwork was getting ready for la playa. all of the big ones involving armies of people with the various skills. it takes her attacker, a traditional art, overlapping f

i think when you roll up your sleeves and look at the fundamentals and the fact that eric schmidt is leaving and selling shares and larry page is spending money at a significant pace, i just think that the eps, it's a mature company, it grew into its valuation and i think google is limited in the upside potential. >> the earnings were quite a disappointment steve weiss you're also taking risk off. >> greece we all knew would be put to bed, even though it's still lurking out there somewhere. my concerns are on the global economy. i think china's taking some moves that show that they are actually very, very concerned, if you take a look, they're easing despite inflation spiking up. that's never a good sign, because inflation, there's a primary concern there. so that means that the economy must be a big concern. and then we take a look at the eu which is part of china's problems, because it's an export market that's withering for them, i think you've got some very disappointing numbers coming in the future. then topping that all off, i just think that the u.s. went back to okay. who's h

. >> we have extraordinary people, the x prize foundation from larry page and wendy and eric schmidt.e also are launching these large scale competitions with companies like medco and qualcomm google who are putting these large cash challenges that say the first person to solve these problems that humanity has gets this cash award and it's driving incredible breakthroughs. >> what caused the change from people wanting to make money for money sake, wanting to make money to answer the big question marks that have been looming over society for a long time? >> sure. so a lot of wealth today is being made by people very young in their age from the dot-com, the mobile phone breakthroughs and so forth and they're making their billions during a socially conscious era and instead of building buildings to their names, they are focused on, can i slay challenges during my lifetime and leave that has a legacy? >> someone argued that facebook, yes, it claims it's a social utility but we haven't really seen a lot of its power unleashed and the good that it could do. >> we've seen arab spring, right?

they actually don't say those words out loud, but the ceo of google, eric schmidt is about to step down, to my knowledge has never suffered when an audience and said we believe -- we believe the motto don't be evil. i've never heard them say that, but it's embedded in many things he does say and other major officials that google say things that sound like a declaration of corporate social responsibility. i start asking that question. why do we fall for that every time? secondly, why do they think they can't do need that had -- that is basically tawdry sort is going to be anything like it currently is in the next 20 years? why would we think that future performance is in any way predict that by past performance? conditions change, companies change, politics change. and we do know that in the world of new media or the world of digital communication or the markets today with the internet, but nobody has came for very long because when google started, everyone was concerned that microsoft would be calling all the shots in her information about that. i thought that was true. and shifted over

they actually don't say those words out loud, but the ceo of google, eric schmidt is about to step down to my knowledge has never suffered when an audience and said we believe -- we believe the motto don't be evil. i've never heard them say that, but it's embedded in many things he does say and other major officials that google say things that sound like a declaration of corporate social responsibility. i start asking that question. why do we fall for that every time? secondly, why do they think they can't do need that had -- that is basically tawdry sort is going to be anything like it currently is in the next 20 years? why would we think that future performance is in any way predict that by past performance? conditions change, companies change, politics change. and we do know that in the world of new media or the world of digital communication or the markets today with the internet, but nobody has came for very long because when google started, everyone was concerned that microsoft would be calling all the shots in her information about that. i thought that was true. and shifted over