set his eyes on conquering other worlds and russia was looking towards the red planet the institute of mechanics proposed sending a beefed up version of masha to mas the giants yellow mustard court translated literally as mars walker would help clear the path for human settlement just like musher the muscle hold would have been able to adjust its gait depending on the surface and obstacles in its path however unlike mattia the muscle horse featured a scoop or claw at the front and open bet at the back for building clearing rubble and collecting samples there was even talk of creating a version that offered the speed of wheels but the off road capabilities of legs was all that remains is a solitary like. it has to be said that as well as carrying out experimental work into a two legged and six legged walking robots we also conduct a theoretical research we developed algorithms that allow the robots to walk and our experience with watching robots came in very handy when we were developing the eggs or skeleton. all this experience meant that the exo athletes made it from suring ball to prototype in

and before her retirement she could climb and adjust to gait according to incline and the institute of mechanics had big plans to muster two point zero but it. was. there was talk of using marcia as a mars rover or the thing is though the moon rover before her run on wheels now martha but if it came across an area on the surface of mars that was either uneven or covered in rocks it's unlikely that a wheel based machine would have coped with it. and this is where legs would come in. which will. in the one nine hundred seventy s. during the cold war humanity had set his eyes on conquering other worlds and russia was looking towards the red planet the institute of mechanics propose sending a beefed up version of masha to mars the giants yellow mascotte translated literally as mars walker would help clear the path for human settlement just like musher the muscle hold would have been able to adjust its gait depending on the surface and obstacles in its path however unlike mattia the mass accords featured a scoop or core the front and open bed at the back for building clearing rubble and collecting sa

set his eyes on conquering other worlds and russia was looking towards the red planet the institute of mechanics propose sending a beefed up version of masha to mas the giants yellow mascotte translated literally as mars walker which helped clear the path for human settlements just like masha the muscle hold would have been able to adjust its gait depending on the surface and obstacles in its path however unlike mattia the muscle holds featured a scoop or claw at the front and open bed at the back for building clearing rubble and collecting samples there was even talk of creating a version that offered the speed of wheels but the off road capabilities of legs was all that remains is a solitary like. it has to be said that as well as carrying out experimental work into the two legged and six legged walking robots we also conduct a theoretical research we developed algorithms that allow the robots to walk and our experience with watching robots came in very handy when we were developing the eggs or skeleton. all these experiences meant that the exo athletes made it from turing ball to prototype in

set his eyes on conquering other worlds and russia was looking towards the red planet the institute of mechanics propose sending a beefed up version of masha to mars the giants yellow mascotte translated literally as mars walker would help clear the path for human settlement just like masha the muscle hold would have been able to adjust its gait depending on the surface and obstacles in its path however unlike mattia the muscle horse featured a scoop or claw at the front and open bed at the back for building clearing rubble and collecting samples there was even talk of creating a version that offered the speed of wheels but the off road capabilities of legs was all that remains is a solitary like. it has to be said that as well as carrying out experimental work into a two legged and six legged walking robots we also conduct a theoretical research we developed algorithms that allow the robots to walk and our experience with watching robots came in very handy when we were developing the eggs or skeleton. all these experiences meant that the exo athletes made it from turing ball to prototype in jus

briefings to the industry for ceos and the chief information officers of these institutions so we can build a support and have the mechanism already laid in place so that when and if catastrophe event occurs we'll already have channels established to be able to take care of it. we need to all work for a closely not only with large banks which i represent but also the small banks and as i say, there are 14,000 small banks and credit unions out there. they really do not have the capacity today that many of the large institutions have to be able to defend themselves. so we need to have a collaborative effort to work with the intelligence agencies, the regulatory agencies, and the telecoms and service providers to provide, i think, a protocol that can be developed that will allow to us somewhat standardize and make effective a way for small banks to have reasonable defenses because we do not want to expose ourselves to the risk that a perpetrator could gain entry at weakest point in the system so that is really, really important area for us to focus on. we need to continue to support effective cybersecurity legislation. we nee

one of the criticisms of the new mechanism is that it is just too cumbersome. our too many people in institutionsnvolved in the decision-making process? >> it certainly looks like that. it is almost an intrinsic problem here. you have got at least 17 nations directly involved with very different situations economically. they have a single central bank and the european central bank's policies aren't appropriate for all of the countries. some of them are still in dire straits whereas some prosper in -- some are prospering. every separate country has their own interests to protect. when they try to come up with a collective deal to deal with -- to manage the problems the banks are probably going to face as they unwind some of their bed positions, it is very complicated. you have got way too many people involved. withhave -- when you deal monetary issues, you have the european central bank, a single institution with representatives from every place else. 17 finance ministers are much more difficult to corral. >> european union leaders also sought to tie nations to economic improvements. the plans dis

lot of people don't realize there are two mechanisms the patent office has for the re-imagination of the patents. one is outside parties. in addition, a director of the patent office can instituteirector re-examination and who knows? maybe there would be a special interest on the part of a director who has made very public statements about wanting to deal with patent quality issues and, by the way, she will do a fine job because she's one of the first directors to call attention to the patent quality issues. a lot of the portfolio could be subject to re-examination by third parties as well as the director reexam. it represents value to the nortel portfolio because there's no chance there patents in their entirety would be upheld. the risks are going up for consortium members. >> are the patents nortel had, would they have been more valuable for small companies or big companies like this consortium? >> they probably would have done more defensive cover for the smaller companies. added to the already tens of thousands of patents held by microsoft and apple, they did very little incremental improvement. with blackberry on the potential sale block, finding out its patent did not ha

of being finance by individuald institutions. draghi said that is too hard. >> it needs a strong and asdible resolution mechanism its counterpart. responsibilities for supervision and resolution needed to be at the european level. thus, i urge you and the council to set up a robust, single resolution mechanism for widgets are essentially in practice. a single system, a single authority, and a single fund. he is saying what if the european central banking decide a company or bank is unfit to continue, a decision needs to be made in his words and an instant. he said you cannot have hundreds of people consulted each other about whether or not a bank is viable. it is putting a little bit of pressure on the finance ministers to come up with a viable plan after today's meeting. another president is taking up a calls save the government needs to accelerate integration. was he specific? a financiallking in times interview. the context of what he was saying is the european leader summit at the end of the week and they will get together and talk about arrangements. the big subject. contractual arrangement would be agreed by european union

in terms of institutions of the , to make it itself an area that investors can get long-term return, not just short-term gain. mechanismipo is a good thing. they need to also work on exit strategies. there are so many things to do. >> great talking to you. let's just get you back. breaking news from thailand. prime minister yingluck shinawatra announced that she will be dissolving parliament. she was doing this as we get these protesters who were marching to our office. she is trying to end these protests or ease these protests and the dissolution of parliament coming after opposition mps resigned en masse. this is what we have at the moment. more details on this developing torrey as "on the move" continues. we are talking travel on a budget with the ceo of scooter airlines. the state of the market in asia right after this. ♪ " comingis "on the move to you live from hong kong. we are going to have a look at some of the stories on our radar. intoring is due to begin the asiana airlines crash at san francisco in july. read people died when the boeing 777 hit the seawall as a came into land. the ntsb will look at pilot pe

mechanism would you use to achieve that? because it's a difficult task. >> it is, larry, but the part of dodd/frank that contemplates how to resolve a failure of a large financial institutiondly flawed in many ways and the most egregious flaw is it sets up a taxpayer funding mechanism and empowers the fdic which is not qualified to do this to manage a liquidation, and by the way, grants them all kinds of powers to subjectively decide how to do this. we have a legal system in america for handling the failure of a corporation or a bank. it's called bankruptcy. now, i've acknowledged that the existing bankruptcy code is probably not adequate to handle the potential knock-on effect of a big significant, large financial institution. so what senator cornyn and i have done is proposed some changes to the bankruptcy code so that we could resolve the failure of a large financial institution without resorting to a bailout and with a process that is well defined, rules based and established in law so that creditors and everyone else would know what the risks they were taking. >> just real quick, senator, the volcker rule, okay, that is front and center. no proprietary trading inside

we're all interested through the mechanisms of elections, well- prepared, ambitious and professional individuals come to this institution of power. we will continue to work on legal competition, improving political institutions and providing an environment for them to be open. recent elections have shown that political life in this country is less bureaucratized and the results are much less predictable. i believe that many new parties have made themselves heard by winning seats in municipal and regional legislatures and they lay down a great foundation for their involvement in future role federal -- future federal a lot campaigns. they will be strong campaigners. russia needs a broad public debate that will bring about practical results where public initiatives become part of the government's policy and society oversees their execution. i believe that all of these are key government decisions that should go through the zero reading or public reading with the participation of nongovernmental organizations and other institutes of civil society. public councils might be mostly setup up at the federal and regional bodies o

briefings to the ndustry, ceo's and the chief information officers of these institutions so we can build a support and have a mechanism that has already been put in place so that if a catastrophe occurs, we will be able to take care of it. we need to work for the large banks, but also the small banks and the 14,000 small banks and credit unions out there. they do not have the capacity today that many of the largest have, to defend themselves, so we need to have a collaborative effort to work with the intelligence agencies, the realtor agencies, and the telecoms and service providers to provide a protocol that can be developed that will allow us to standardize and make effective a way for the small banks to have reasonable defenses, because we do not want to expose ourselves to the risk that a perpetrator would gain entry at a weak point of the ystem. that is a really, really important issue for us to focus on. we need to work closely not only with large banks but with small banks. they don't have the capacity to be able to defend themselves. we need a collaborative effort. the protocol would allow us to send it out fo

mechanisms the patent office has for the re-examination of patents. parties, but in addition a director of the patent office can institute a director re-examination andho knows, maybe there would be a special interest on the part of a director who is already made great public statements about dealing with patent quality issues. i think she would do a fine job because she is one of the first directors to really call attention to the patent quality issues. the fact of the matter is, a lot of the portfolio could be subject to re-examination by third parties as well as the director re-examines. this presents a very interesting detriment of value to the nortel portfolio, simply because there is no chance that nortel's patents in their entirety will be upheld. given the fact that the examinations are happening quite a bit lately, the risks are going up for the consortium members. >> 30 seconds, are the patents they havel had, would been more valuable for small companies or for big companies like this consortium represented? >> it probably would've done more defensive cover for the smaller company. they would have been the warheads that little companies cou

of business. that has created a big gap. >> what about the jobs act? does this make this possible? exactly. the accredited institution could do this anyway, it wasn't a mechanisms the first time that you saw that washington knew that there was a bit offer. -- bid offer. sometimes you get the idea that washington is completely is connected from the process, but unemployment became a problem, and they realize that wall street was connected and was not just bad, it created jobs. the jobs act doesn't get us there, but it is a movement in the right direction. if they would invest in companies that they would invest in anyway, they just have not had a chance to screen for those transactions. >> will have more of "bloomberg reich --ter this quick break. ♪ >> welcome back, i'm emily chang. coming up on the late edition of "bloomberg west," bloomberg is uber is some -- catching some heat from its writers, charging three times in than normal. users are really notified and must exalt the elevated prices before they can request a car eared we have a debate on the searched pricing coming up on the late edition of "bloomberg west." for on thenow markets, 56 past the hour. m

institutions of the state and government providing help in that process. that has been extremely successful and we have brought a lot of people out of extreme poverty through mechanisms like this. i tell my people always to innovate, in debate especially on the social agenda and social policies. people have many times great ideas on how to do that. this is something that i think should be shared with other countries because it's working and what works should be copied. >> you mentioned that free trade agreement signed a year to have to a year and half ago. was there discussion today with president obama on how that's going and whether anything should change with the? >> yes. we came to the conclusion that it's working quite well. the u.s. is exporting more to colombia and vice versa. there are specific issues where we have mutual, not complaints but mutual efforts and obstacles to overcome. they mentioned something with the labor, some issues with the labor situation in colombia. we addressed those issues very clearly on what we are doing their. i wanted the u.s. to be more helpful in lifting obstacles that would allow us our example to export our avocados to the u.s

through theterested mechanisms of elections, well-prepared, ambitious and professional individuals come to this institutionf power. we will continue to work on legal competition, improving political institutions and providing an environment for them to be open. recent elections have shown that political life in this country is less bureaucratized and the results are much less predictable. i believe that many new parties have made themselves heard by winning seats in municipal and regional legislatures and they lay down a great foundation for their involvement in future role federal -- future federal a lot -- campaigns. they will be strong campaigners. russia needs a broad public debate that will bring about practical results where public initiatives become part of the societynt's policy and oversees their execution. i believe that all of these are key government decisions that should go through the zero reading or public reading with the participation of nongovernmental organizations and other institutes of civil society. mostlycouncils might be setup up at the federal and regional bodies of the executive

institution that should be carefully watched that is in the nature of the government. >> i would like to see a involving in the direction. and following a rule like behavior in this includes the mechanisms that can explain to the public. >> there is an incredible sense of duty and this is part of it. i've always been proud to have it be a superpower of the situation. but it is much more difficult when you are in the public eye and everyone showed up and did the same work and we were actually willing to say, look at us and evaluate us. >> i think that we can continue to do this job, the country will be part of this. >> that sounds good. ♪ ♪ ♪ >> as we look to the future, i have introduced chairman ben bernanke. >> even through the next few quarters, we have one important advantage. >> all right, our ability to make the forecast is part of this release. nevertheless, one prediction that i don't think it's too bold that are sustained and served as a federal reserve at its best. and this includes jacket and the ideal we seek is intellectual rigor. >> of course, policy now says that we have a limitation of the highest quality and it cannot just happen. it requires a commitment to public serv

of the c i a pulling together this task force. it is very people driven and in addition to the bosnian task force which is the bureaucratic thing, institutional mechanisms that you would recommend to your successors to maybe not have to reinvent the wheel the next time we have a similar crisis? nobody has invade rwanda or invade bosnia kosovo campaign off the shelves. you have to invent it on the fly. the pentagon doesn't say if this crisis happens here is our plan, the intelligence does that right. it always is on the fly. there are a institutional spots for those who comi after us to think about. >> the issue here, the hard part i think is how to involve as many layers of the system as possible without slowing everything down. that is the problem because i think there is a tendency to get so many layers because you don't know where you are getting the information and the decisionmaking gets slow. one of the things as i go through these documents is -- you said it -- the pressure came from the top. that has to happen. the president has to say i want the decision on this. you can write as many memos as you want until you are blue in the face but that wo

of last resort. given the institutional framework with no. it would be great if the euro area were overtime and the united states and globally were developed mechanisms to fight crises that a lot of central banks to step back and say oh, that's too dirty for us. we don't want to get our hands into that. they might even grace the moral hazard's. but i don't think we are there and i think europe would've been better served if the ecb had been more aggressive. >> i'm going to first start by want to agree with you. even going back to the very first question. what were central banks doing, what were they created for? they were created to preserve stability and help fight crisis. this is the job. and i fully agree this is what they should be doing when there's a crisis. the question is how do you do this when you're being asked to shift resources from one country and given to another country? i don't think the ecb, again, either the legal or the political legitimacy to solve this particular problem. this would be like asking the federal reserve, why don't you take some use taxpayer money and shifted to brazil or argentina when they have crisis 10, 20, 30 y

we think that to be clear our judgment of the best course to pursue at this time is not to apply a mechanism that puts at risk the largest financial institutions, the central bank of some of our closest allies. and you went on to say, our position is that the right course is not to adopt this amendment. now, you know, that's basically what i heard then. that amendment went on to pass 100-0, and it is one of the things that you all, the administration heralds today as the essence of what has gotten iran to the negotiating table. so you'll forgive me if i having heard many of the same arguments, we will break our international coalition, we will not have partners, that has been the arguments as of two years ago and it is the arguments today. of o look at the question what is really this interim agreement or plan of action all about and what we hear is versus what the iranians say. the iranians say in published ports, quote, iran said that according to the agreement, the text of the agreement, iran would not make further advances of activities. it said any further advances of this activities at the iraq reactor. and then zarif told the parliament

not coming from the state institutions so much, but from individuals that have been able to find support through these mechanisms. >> elizabeth mentioned in her report that a lot ofthe fundraising right now is taking place among the selafi community. would you talk about the selafi community in kuwait, and a number of its members are in parliament and have a strong voice in opposition to the royal family and how that might complicate the government efforts to rein in the sort of fundraising. >> the selafi movement is very strong, deep, and internationally connected. there's always been a connection between that in kuwait and in saudi arabia, so that you had at certain times very influential sheiks that were in saudi arabia that had trouble with the saudi arabian government, you had this long flow of both people and of ideas floating across the globe, particularly kuwait being strong as a center for that, because it was open and provided a place of refuge who are having trouble elsewhere. what this means is kuwait has all the different versions of selafism you would find anywhere. you have selafi movements that would be pro-monarchy, pro-saudi monarchy, and relate

mechanism of elections well prepared of vicious and professional individuals to the constitutions of power. that's why we continue to work on the political competition improving political institutions creating an environment that is open and -- the recent elections have shown that [inaudible] the country is less bureaucracyized. and results are less much predictable. i believe -- municipal and legislature and laid down the great foundation for the future of the general election campaign. i'm sure they will be strong competitors for political old-timers. modern russia means a broad public debate. one thing about practical results were public initiative become part and parcel -- and society oversees the execution. i believe all are key government officials as strategic plans should go through -- [inaudible] of the participation of nongovernmental organization and other institutes of civil society. public council might be set up at the federal and regional body of the executive. of course they may exist in some of the -- and what is important is that they must not be a formal kind of deck correlative entity. they should act as experts and be active participates in the system that is f

not coming from the date institutions so much, but from individuals that have an able to find support through these mechanisms. elizabeth mentioned in her report that a law ofthe fundraising right now is taking place among the seller fee -- se lafi community. lafid you talk about the se community in kuwait, and a number of its members are in parliament and have a strong voice in opposition to the royal family and how that might complicate the government efforts to rein in the sort of fundraising. elafi movement is very strong, deep, and internationally connected. there's always been a connection between that in kuwait and in saudi arabia, so that you had at certain times very influential shakes that were in saudi arabia that had trouble with the saudi arabian government, you had this ofg flow of both people and ideas floating across the globe, particularly kuwait being strong as a center for that. because it was open and provided a place of refuge who are having trouble elsewhere. has this means is kuwait all the different versions of selafism you would find anywhere. movements that would be pro-monarchy, pro-saudi monarchy, and related to movements like th

the big institutions so much but from private individuals have been able to find their own audience and find support to these new mechanisms. >> elizabeth mentioned in her report that a lot ofthe fund-raising might now that's taking place among the salafi committee. and i wonder if you might take a few minutes to just talk about the shape of the salafi community in kuwait, and the fact that a number of its members are in parliament and have a particularly strong voice in opposition to the royal family and how that might help locate the government's efforts to rein in this sort of fund-raising. >> right. the salafi move is very strong in kuwait. it's very deep and very internationally connected. has always been a good relationship between the salafi movement in kuwait and saudi arabia to me, so that you had an effect answered that very influential sheikhs our in saudi arabia had trouble with the saudi government, sometimes they would come to kuwait and set up in kuwait. you had this long flow of both people and of ideas flowing across the gulf, particularly quit being a strong center for the. because it was more open and provided a place of refuge for people who are having p

of the caa pulling together this task force is very people driven. in addition to the bosnia task force, it is a bureaucratic thing, either institutional mechanisms that you would recommend to your successors to maybe not have to reinvent the wheel the next time we have a similar crisis? nobody has been invaded rwanda or invade, you know, bosnia, kosovo campaign off the shelf. you always have to invented on-the-fly. the pentagon doesn't sit around and say if this crisis happens here is our plan. intelligence does exactly that. it always this little bit on-the-fly. either institutional fonts for those who come after us to think about in terms of trying to be ready faster and more forcefully? >> well, i think that the issue here is trying -- the hard part, i think, is how to involve as many layers of the system as possible without slowing everything down. i think that is the problem because i think there's a tendency to get so many layers because you don't know where you're getting the information. and the decision-making gets slow. so i do think that one of the things as i go through these documents is there began to be -- sandy to be -- sandy, you sai