innovation. the system of dynamism was more effective the more open it was to contributors down to the grassroots. and the modern economies were rather open to the grassroots. human resources of initiative and imagination were being devoted to innovating, not just producing and trading. dynamism ran high through the middle of the 20th century. no wonder that was mass prosperity. note the economy before drew on the imagination of such a wide range of the nation's minds. this dynamism required entrepreneurs and financiers, just as the sporadic innovations of an exogenous sort in the mercantile period did. their judgment and expertise was needed, yet dynamism required further required innovators. innovators with the vision to dream up new products that might and out. yet, the idea that business activity in a free market can always be depended upon to possess the dynamism for indigenous innovation is a mistake. the right stuff is required. innovators often have to buck conventional system, or to brea

mention innovation at microsoft where they say innovation has stalled. how do you respond to that?rei think those people forgetting areas like the continued innovation in xbox and maybe, more importantly, what the company has done in building and over $20 billion service over the last decade. job ofve done an amazing not only building that business but now extending it through azure into the cloud. amazon is the clear leader in cloud is here and microsoft we believe is the strong number two in that category and is a distant third from there. why is that happening here? notwithstanding the bad rep that microsoft gets, they continue to be innovative in important areas. >> you mentioned a long-term microsoft executive as as successor to steve ballmer. it seems like the ceo search has slowed down. some people say they don't want the job. who do you think should be ceo of microsoft? >> if you were to make an external pick, the guy that would be best served to do that externally would be paul moritz who has a great history with the company but i doubt he will take the job. that might be

this is innovation. privacy is essential to innovation. privacy is a necessary but not sufficient condition but necessary condition for innovation. breeds new ideas and creativity and how do you do this? we advanced something called encryption. it's facial recognition, fingerprints, voice, whatever want. but it's encrypted so the only for t can be accessed is properly authorized uses. >> if i walked to grand central, hey're picking me up biometrically, that goes to law enforcement data bases. it's encrypted. there's some reason they feel they might need to trace me, they would have to get a to do it. >> you need reasonable and probable grounds to access that law of information by enforcement. we do that by surveillance cameras. can code and crypt the video stream. o not only is it not authorized, it's inaccessible. totally fine be for people in the department of homeland security. >> it's in play in homeland security. mean, more people than there are on the planet moved through in the last ten years. more than 7 billion people. acquisition

i think about this as a tradition of innovation. those dishes were developed 30 or 35 years ago and they were a brilliant idea and all this light we've been repreponderance of the evidence in a unique way of evenly lightning market street. the tinkering beverage was an experiment 3 started with in the lab but if i could touch one and touch each other i'll have more fun. and so we want to bring the spirit of that kind of cremation into the world. i think of neil and i were talking about this he's been a big proponent of this project that is in the greater market street project this innovation is important. we were thinking about a time when libraries had closed. if you wanted something from the library maybe you got a book may not not but now you can walk into a library and pick up a book. the goal for this is to make this the new normal how you interact with each other maybe is that a before were locked up. i want to thank my team we work in a studio model we have four or five people to the engineers to the designers to josh back th

innovation is used across the business.ercentage off ticket sales on the rest goes to the seller. stubhub is after a lot more. the business has grown dramatically. back then it sold 10 tickets a minute. today in cells went to get every second. everysells one ticket second. it has grown with mobile ticketing. stubhub is a risk for even. the ebay gross margins have fallen. milking big data could be the key. .> this is a new science we are trying to understand that. arasu is the chief technology officer. >> where we are taking it to the next level is what that consumers might be intending to do. >> for years i bought tickets from a site called mr. ticket. market isb sets the like a new york stock exchange and nasdaq. >> mr. ticket's phone is ringing off the hook. [laughter] really sucked up the industry. >> it is time for the bwest byte. >> there are so many ideas of what ebay is. it is constantly inventing stuff. >> steve said they have specifically filed 35 patents that are pending. pleaded aps earlier in the program of the

what innovation comes next? he makes his living as a future is starting the institute for global studies what is next? >> robots that senior house and also businesses in new customers are found for you also piggyback on the hyperlink to sell tickets through e commerce. nanotechnology, computers, r obotics, they are of limited the barriers are not even there for the entrepreneurs of the future. >> you talk about the hyper loop he has done good things ? >> absolutely. he has the dna of silicon valley, next generation, as steve jobs. he also buys test of the first commercially available electric car with the stocks climbing. >> break this down to talk about tesla the stock goes up the but you worked for steve jobs before you call him the news steve jobs against government handouts for a car that costs 60 years $70,000 subsidized by a tax credit from the not so rich people. >> keep in mind he did not need the $1 billion loan from the government he did pay that back also the first innovative breakthrough was the powe

the most innovative thing about this booth is the dry scrubber. unique thing about it, in a traditional wet scrubber system, you have to remove the paint from the water and that paint sludge is then usually sent to waste or to landfill. >> you don't have to use all the water that you would typically use to deal with the over spraying. and you don't have to clean out all that water. and you do not have that much contamination afterwards. >> correct. >> hundreds of thousands of gallons of water saved, which saves you money. and then saves me money when i buy a passat. >> yes. >> i lived in germany for a long time and i know germans are seriously concerned with the environment. and yet you choose chattanooga, tennessee to install a cutting- edge plant. why choose here to do what would seem to fit really well in germany? >> when you see the particular history of chattanooga, it was one of the dirtiest cities in the u.s. at a certain point. and see which path the city of chattanooga has taken. it fits very well together with our dedication to environme

so we think we're pretty innovative. we're working with some of the technology companies in town to create a smallest community as we call it so the fiber comes not only to the down the road it's tied in by copper bylaw but goes to the home so people if they which i say to work and live in their home they'll have the speed in their home to do the kind of work we expect people in san francisco to do. >> bruce i want to get your response and your - you write something about cars and driver's license and i want to get to that. >> but i want to build on what the mayor said. climate is important it's also an economic comparatively active. we've mapped the jobs it's 2.7 million jobs it's varied >> today or the future. >> yes. today. thank you more innovation fuel and export during which than the economy as a whole. this is the van ignore of the industrial reluctance we want to be at the head of it. we talk about portland. portland actually doubled exports in - >> in san francisco we don't think of that (laughter). >> i'm sure

in this case it's innovation. watching the show can use the hashtag to talk to other viewers about how wrong i am or how wonderfully insightful we're. any one in the world can connect with that as they search the hatch tag innovation. why is this a big deal? >> all of a sudden everybody in the world on twitter about a half a million people can connect if they are following that phrase innovation. you can have a conversation with people who didn't know they believed the same things you did until we had that opportunity. >> twitter has links so if you really want to read the milton friedman he can help take you there. >> it is a gateway drug pretty soon you are watching human action cover to cover. >> i couldn't get through human action. new things to do like escaping inflation. even reviving your favorite tv show after it is canceled. cancelled >> this is a chance too make veronica mars movie happen. if we reach our fundraising goal we will reach tshoot the movie summer. just by talking to a helmet. it grabbed the

we're working with a world leader in innovation on glass. the future is to have glass that you can see through, that can become an interface. at some point, all of the glass that is already in our life -- the architectural glass, the window on the oven, the microwave, in the bathroom, they can become an engagement surface. >> it is your job to think about the future of shopping. john donahoe told me earlier that that amazon drones are a -- what do you think? >> it is everything. it is our paypal and ebay marketplace. i look at the technology around us. it could be a connected device or a wearable or glass. i will take all of that hardware to innovate on and we will create software in our marketplace and bring it to the market somehow. my idea of the future is essentially a digital personal assistant that takes care of shopping for you so the things that you do on the weekend are things that you're passionate about. i'm working on gting there. the answer is yes, but it is a journey. >> how do you get there? >> we create software. for example,

this will reduce innovation costs for innovators and innovative companies from all across this great land. this will reduce the leverage patent litigation opportunists possess to extort money from legitimate businesses and individuals. this bill not only lines up with our constitutional authority, but our constitutional duty and will help grow our economy, create jobs and promote the engine of american ingenuity for decades to come. i reserve the balance of my time. the chair: the gentleman reserves the balance of his time. the gentlelady from texas is recognized. ms. jackson lee: will the gentleman yield? mr. goodlatte: i yield to the gentleman -- mr. conyers: i wanted to associate myself with the gentleman's remarks and join in the support for the jackson lee amendment, number 8. it's very important. mr. goodlatte: i reserve the balance of my time. the chair: the gentleman from virginia reserves. the gentlelady from texas is recognized. ms. jackson lee: let me thank both the chairman of the committee and the ranking member for their kind support of this amendment. may i ask the cha

how we approach innovation, what we are good at is consumer innovation, creating new experiences. >> right. >> so just as with ebay now, which is the ability to buy something on ebay from a number of different retailers to have it delivered to you in the moment, just like you brought some gloves today. >> right. i'm waiting for them. >> and they are coming because you wanted them within an hour. you wanted them today. we started that in one city and then we rolled it out to three and now to five and we'll go to 25 next year. things like touch screen and touch glass windows, we started n one or two regions and we'll slowly roll that out as we get the consumer experience right. >> what about the perception problem? a lot of people still think ebay is auction. you're much more than that. that's what they still think. >> the proof is in the pudding. 70% to 80% of our items are fixed price. you see more and more people coming to ebay. the growth has been accelerating all year long. more and more consumers are coming to ebay. they like what they see. they are telling their friends. percept

you can see those exciting event at the i of time of m innovative sf.com.'m happy to kick this off. posted the next exciting event here putting our whole cities municipal code into get hub (clapping) >> you know what that means? that's credible. when i talk about bureau categorize nobody knows whether it effects our streets our parks or vehicle code the way we build offices this year so many laws public safety and others that it compacts so to post this on the get hub and to allow get hub to be our way in which people what navigate to break it down to make t it usedable by other coders it's kind of like sailing we have had to learn with taking was and to have that on the screen in front of us and how we, in fact, our waters is exactly how get hub z is doing it. where your code is able to be found at mayor's office of civic innovation dot get hub dot l o slash open law. i'm excited to see what gets build and shared. and, of course, we're working with the open law project it's guided us to this kickoff. i'm excited to see something that's been to bureaucratic

hello and welcome to technology updates on today's show christmas comes early for moscow's young innovators. and novel animation up brings films to the big screen. a moscow state university gives a whole new meaning to wearable technology but first new year may still be a couple of days off but they've already been plenty of festivities this month. on something a lot of. the take no spark in nano technology sensor was officially opened in the town of troy just south of moscow. aims to become a launch pad for high tech startups by bringing together all the facilities and know how to develop and produce innovative goods all into one roof while the town's strong research base made it the natural choice of location the pog received a large investment from ross nano and the company's chairman was there to make sure the money had been put to good use becky about twenty five startups should already be created this year there are twenty five startups alone in the year the center was set up then i expect tens or even hundreds of startups to emerge out of here in the near future and today you see in

. >> i am concerned about the level of innovation in life. have a high filter for cool and we are the florence of modern economy here in the valley. there is untold emotional creative and economic rewards for doing cool really well. i don't think this is a fix it, we just see that when people get something 90% right, it is not nearly as valuable as a hundred percent right heard correct speaking about people specifically, it sounds like the model you're looking at are people like steve jobs. other not enough people following in the footsteps of steve jobs? >> there are a lot of people inspired by steve jobs. dave said jobs push for the last 10%. he said we thought we were done and he would go for insanely great. he would push for that last bit. you look around and you can see peopleike to fidel and more in an hossain rahman who channel steve daley. >> you spent a lot of years on helping people build the business. you share this tidbit by founder mark pincus from a media mogul john malone. can you elaborate? >> more broadly speaking, we all loo

that we want this to be the incubator innovation for the whole year. i have sincerely announcements one is the recognition that innovation isn't done locally we're part of on integral market the talent is here and technology interest is here and we make a long-term commitment to discover better ideas in business or comfortably the quality of life better. the acknowledging other announcements is to thank the digital garage because they've begun in the very kind of value oriented way we also wanted to see good businesses start and they follow in the tradition of many tlaevented japanese companies that have come here per not only do we want them to be successful we want to share. this is the story of san francisco. supervisor kim and i are not about business success but success for everybody to share in that success and that's why i'm so moved that when the d g 717 starts here thief chosen 3 entities to receive the sporp, the grants that they have to start here. this is so asian in my opinion because i've wanted to do that with every successful effort wit

and being innovative and balanced. james? >> something to give a thin reed of cover, every wave created benefits and harms. talking about technology, with deviation for bombing or transport atomic power. this is this era's version of struggle we've been through since the dawn of technological innovation. take advantage of what is good for understanding. it is discouraging to consider today's washington to challenge our system faced again and again. >> you know, i have to say one of the things you see with all this technology is very often we're happy to give up our privacy for convenience. i think that's something we really have to think about. all of us have to think about. how much are you willing to give up in order to have facebook. is it okay that facebook has all this information? would you be willing to pay rather than see advertising because essentially advertising is going to get more and more targeted. the more information they have about you going to direct your eyes. >> which jeffrey leads me to a question raised

you will hear from regulators and innovators. theing me at the site of fcc mobile health innovation expo is matt quinn. involved incc these matters? >> one of the ways that we are mhelved is that we had the alth task force say that here are some of the ways that the fcc can provide leadership. we have certification programs. any piece of equipment used as a transmitter will be approved. the other side is that we allocate the effort. spectrum is where mobile devices run. more collective sense, we have to collaborate and coordinate with other federal agencies but also with the private sector in helping innovators get to market. , we think about it on the cell phone or other technologies. how does it relate to health care? there is something called the fcc provided mband.ed spectrum for allows monitoring without injuries of monitors. allocated spectrum . another way that we support innovation is with medical micropower networks. they need to have a spot on the spectrum or else there may be interference. sectionere a special spectrum

device also has wide implications for russian innovation. and we show that we can do it because three years ago people who believe the russians can bring to the commercial and get this type of success and interest we have. we can create innovative products we can do something consumer electronics and we can be competitive. environment so monitoring service the. addition to its fleet of flying locks on the sixth of december the heavily modified forty two d. boasts over seventy instruments for monitoring pollution and radiation levels as well as particles can even. disperses. a million martian meeting was held at the cosmonaut explain more you museum in moscow on the third of december cost of the mars one project the. permanent human colony on mars by two thousand and twenty three and so far as received over two hundred thousand applications for a one way ticket to the red planet. about this project the first time they're all. very realistic all the people that are already involved. and the companies that slowly starts getting on the. softball

yes and today you see in the creation of these innovation powerhouses with your own amish. lasers are a key direction for techno spark so we went to a festive project which is also part of the regional innovation cluster to see what's cooking the family run business has been producing ultra short pulls lasers for fifteen years it's emerged out of the birthplace of the laser believe it to physical institute and they continue to work closely together. so second leases are already frequently used for increasing and cutting to from glass but the full spectrum of after cations for this type of laser is only just being realized however it's hard to imagine exactly how short a bento second day is. then to a second this one four trillion over one million for the billionth of a second there are a way more than two seconds in a second then yes the universe has existed so to put it into context it's takes around three hundred million femto seconds for us to blink. if you were travelling at the speed of light you would only move north point three michael b c one tenth the second which

hello and welcome to technology updates on today's show christmas comes early from moscow's young innovates has. a novel animation up brings films to the big screen. a moscow state university gives a whole new meaning to wearable technology but first new year may still be a couple of days off but they've already been plenty of festivities this month. on something a lot. take no spock nano technology sensor was officially opened in the town of troy just south of moscow. aims to become a launch a high tech startups by bringing together all the facilities and know how to develop and produce innovative goods all into one roof while the town's strong research base made it the natural choice of location the pog received large investments from ross nano and the company's chairman was that's make sure the money had been put to good use. about twenty five startups should already be created this year there are twenty five startups alone in the year the center was set up then i expect tens or even hundreds of startups to emerge out of here in the near future and today you see in the creation of these

i think that that is a bold innovation. i would call that a bold innovation.ive years ago, what we were doing and mobile was considered bold. today, we will do $20 billion in mobile payments volume. by having those moon shots, they can grow to be important. >> paypal is now 42% of the revenue that you bring in? when does it become the majority? >> it is only a couple years out. what is great about paypal is that it serves the entire market. what it is doing is making payments safe and easy. we have always done that online. we are the clear leader in online payments. we're now the clearly are in mobile payments. the reality is that people like to shop. no one wants to pay. paypal is making it easy to shop and make the payment just a frictionless experience. >> you also made a big acquisition. what is the strategy for next year going to be? small acquisitions or bigger that? >> this is a great example. braintree -- you think about buying. they are sharing mobile business models. we will continue to grow in those. we bring the same principles to the off-line worl

high tech startups by bringing together all the facilities and know how to develop and produce innovative goods all under one roof while the top. strong research base made it the natural choice of location the pog received large investments from russ nano and the company's chairman was there to make sure the money had been put to good use. about twenty five startups should already be created this year there are twenty five startups alone in the year the center was set up and i expect tens or even hundreds of startups to emerge out of here in the near future and today you see in the creation of these innovation powerhouses with your own naish. lasers are a key direction for techno spark so we went to a best of projects which is also part of the regional innovation cluster to see what's cooking the family run business has been producing ultra short pulls lasers for fifteen years it's emerged out of the birthplace of the laser believe it to physical institute and they continue to work closely together. so second leases are already frequently used for increasing and cutting too often glass bu

until the device also has wide implications for russian innovation. we show that we can do it because three years ago a few people who believe that russian startup can bring this idea to the commercial product and get this type of success and interest we have around the globe we can create innovative products we can do something consumer electronics and we can be competitive russian environmental monitoring service that unveiled the latest addition to its fleet of flying locks on the sixth of december the heavily modified yacht forty two d. boasts over seventy instruments for monitoring pollution and radiation levels as was particles its can even in juice rainfall in dry areas. a million martian meeting was held at the cosmonaut six memorial museum in moscow on the. cost of the mars one project the. human colony on mars by two thousand and twenty three and so far as received over two hundred thousand applications for a one way ticket to the red planet. when you. project the first time. all the people that are already. getting on the. end of last month

high tech startups by bringing together all the facilities and know how to develop and produce innovative goods all into one roof while the town's strong research base made it the not true choice of location the pog received large investments on the company's chair. i was there to make sure the money had been put to good years back to you about twenty five startups should already be created this year there are twenty five startups alone in the year the center was set up and i expect tens or even hundreds of startups to emerge out of here in the near future and today you see in the creation of these innovation powerhouses with your own amish. lasers are a key direction for techno spark so we went to a best of projects which is also part of the regional innovation cluster to see what's cooking the family run business has been producing ultra short pulls lasers for fifteen years it's emerged out of the birthplace of the laser believe it to physical institute and they continue to work closely together. second leases are already frequently used for increasing and cutting too often glass but th

>> we approach innovation. we're good at consumer innovation and creating new experiences. just as with ebay now, we have the ability to buy something from a number of retailers and have it delivered to you in the moment. you got some gloves today. >> i am waiting for them. >> you wanted them within an hour. you wanted them today. we rolled it out and now we have it in five cities. it will go to 25 next year. with touchscreen, we started in one or two regions and we will slowly roll it out. >> what about the perception problem? a lot of people feel like ebay is an auction. you are much more than that, but that is still what they think. >> 80% of our items are fixed price. you see more and more people coming to ebay. our new active user growth has been accelerating all year long. more consumers are coming to ebay. they like what they see and they are telling their friends. that will take time to change, but the real experience is a great one and we see consumers responding. >> is the goal to beat amazon? different?g >> we're very different. our focus is on enabling commerce.

innovation. a surprise when an incumbent fails at discontinuous innovation. the surprise is when they pull it off. when microsoft pulled off xbox and xbox live. or when amazon pulls off kindle. or frankly, when apple. the ipod. >> that was bing gordon would jon erlichman. it is time for the bwest byte. we focus on one number that tells a whole lot. cory, what do you have? >> $1500. this is a great story. there is a street in a little vietnamese village that had the and renamed facebook. a flag knocked out this road and it was used by farmers to reach their paddy field. a gear but people on facebook raised $1500 to rebuild the road. the village has put up a sign dubbing the road facebook. >> that is so sweet. and a reminder of the global reach of facebook. >> when you think back to the arab spring and everything, the role that facebook and twitter played in all of that. it is very interesting. i tend not to think of those social networks and other places and the way they work there as very differe

it's their site of their first-ever mhealth innovation expo. it's a discussion about the future of health and technology. in this program you're going to hear from regulators and innovators. joining us on "the communicators" at the site of the fcc's's mhealth innovation expo is matt quinn, director of health care initiatives for the fcc. welcome. >> guest: thank you. >> host: why is the fcc involved in these matters? >> guest: we're involved in lots of ways in health care and in mobile health. one of the ways that we're involved is that we had an mhealth task force last year say here are some ways that fcc can provide leadership in this area. we have a equipment certification program. so, basically, any piece of equipment that uses spectrum as a transmitter we approve as an agency. the other side is that we allocate spectrum. so spectrum is the oxygen on which mobile devices run, whether they be mobile devices for health or other areas. but in a more important sense, we have to collaborate and coordinate with both other federal agencies, but al

our focus is on innovation, technology, and the future of business. let's get straight to the rundown. president obama said there may be big changes ahead to the government surveillance program. what it could mean for online privacy. square ceo is returning 10% of his shares back to the company. we will talk about the unusual move and when it means. it looks like a&e has a disaster on its hands. could it mean the end of the show, "duck dynasty?" first to the lead. surveillance has been a hot topic. president obama not only met with the most prominent tech executives, released a report on government surveillance. the president is hinting he may be willing to follow through on some of the restrictions. take a listen to what he had to say in his final news conference of the year. >> i have confidence in the fact that nsa is not engaging in domestic surveillance or snooping around. i recognize as technology changes, people can start running algorithms and math out the information. >> president obama has not made a final decision yet. phil mattingly was at

jim, innovation has to be our lifeblood. our customers seek that innovation.sed on both consumer insights, customer intimacy, and, frankly, scientific knowledge, so we consider ourselves really a technology innovation company and although employees understand that is the detriment to the company's success. >> you also partner with a biotech company now, a biotech company to develop new form layings. this is a rather extraordinary thing that you are actually -- you are in gene sequencing basically. >> well, we're in to biotech for a number of reasons. it's security and supply. it's the opportunity for long-term sustainable cost positioning in the product, so biotech, we think, is a significant opportunity, and, yes, we have relations with companies and we look to continue to increase those. >> all right. you say in your -- one of your notes, you say this is more excited about our ino vaifsh pipeline -- maybe that's how we should view iff. >> well, no. actually i think we look at iff as both a wonderful opportunity in the short-term and the long tv term. we cert

this is the innovation capital of world. that and every time i turn around there's another example that were this is the melting right here of what's been happening in mission bay it invites so much of our young talent to join the successful efforts of large and small companies the talent that uc provides. we only have a small role in the city we realize how important it is about timing. and when people need it our staff comes through with it. i thank todd and others who are working with him because when the call comes in we need something it act fast to keep the most memory done they're there they take me out every tuesday for a new technology venture. but right here in our dog patch in mission bay a lot of things will happen. i will tell you it excites not only me but business ventures it exists the youth of our city. apprehending those laboratories will be occupied by people that will be collecting here and interning here because a they want to be next to people that are inventing new things. we're going to continue the s