you have the black tim o'reilly a well-known publisher. he makes speeches like "how i failed to come -- "how i failed." but there are people who don't have jobs, people who are unemployed, who are underemployed, people who cannot get to college, they don't go around saying i am a failure. i think this cult of failure is one of the reasons why silicon valley is so profoundly out of touch with the rest of the world, because it is the one sector in the american economy fortunately that is doing well. it is the one sector driving innovation, driving change. so when you have a cult of failure, it isn't great. >> what was your life like in london? >> my life in london was middle-class, jewish, north london for those of your viewers -- i don't know what the equivalent would be in new york. what is sort of a lower or middle-class neighborhood in new york? brooklyn. my grandfather had come over from poland. he began in the east end of the docks, the old docks. he sold fashion fabric which was in those days most women made their own clothing. so he

that's relevant to internet entrepreneurs and startups is government can be a platform to quote tim o'reilly, and we are opening up data as fuel for private sector innovation. so that's something -- one of many things the presidential innovations fellows work on. >> one of the challenges for the public policy space in the internet age is that in the private sector is through startups, the disruption of all business modeled that can be re-invent it because of new technology in government particular through federal government particularly an institution like congress you won't see the level of disruption at the same pace. so it manifested itself, in my view, with things live seven percent approval rate examination those approval ratings that persist through a pelosi majority and a republican majority. different ideologies. so it's not a ideological rejection. it's a process rejection and that's an extremely important issue for our country, and programs like this and others 18f, serve as models, the united kingdom has done exciting work modernizing legislative activity. i'd say the challenge fo

you have the black tim o'reilly a well-known publisher.e makes speeches like "how i failed to come -- "how i failed." but there are people who don't have jobs, people who are unemployed, who are underemployed, people who cannot get to college, they don't go around saying i am a failure. i think this cult of failure is one of the reasons why silicon valley is so profoundly out of

o'reilly is worth. think about that. tracy, that's a lot of money. what does tim cook do with it?olders want him to spend it. >> now, that the that this is out, the government will want it. the credits will disappear because of this. apple will do what it can to get this money overseas. why not it's theirs. otherwise, it will be tact and taken. >> guys like carl icahn were pushing him to spend that money when it wasn't as big as it is now. what does he do? >> give every american $500. the iwatch, i believe will be the biggest game changer ever. with that money, they need to do an acquisition that is big. they did eight last year. only beats is the one known by the public. so maybe yelp. what's that? neil: they reversed on that. it wasn't really worth it. right? >> yeah, but it excited the stock. to get shareholders excited it's more about ideas. neil: i hear you. >> why does apple need to buy any company? they would get distracted. tim cook is playing it right. he's putting the money back into the stores and manufacturing and data research centers. he's doing it exactly how he sho

o'reilly books that the animals. he coined the term open source and he's a great onto boston aphorisms. timaid a few years ago it is of security. that is resonated for people who went to war with that on their banners. i think when people heard that people unfortunately misunderstood. if you are famous enough, you will be rich. the way that people hear about our work as creators of the 21st century using the internet. not the way with a give money. and online platforms like u2. they use payment processors like square or paypal or advertising brokers like google's ad words through the way we earn our living happens on the internet. sometimes it happens through traditional publisher or studio or label it sometimes they go on the road. as the benches in these who have gone on their own and have pieced together the functions of a publisher from the bits and pieces on the internet these independent publishing services on the internet. some of them started off in the mainstream. her are or amanda palmer walked out of the record label system and walked off into independent lands and were able to l

tim! [ buzzer ] oh! that buzzer means we've run out of time. looks like the little bastard just caught another lucky break. [ laughter ] this has been "ya burnt!" sit tight! we'll be right back with bill o'reillyalking damaged! garnier fructis damage eraser with phyto-keratin complex. it has the power to reconstruct strength by 90% root-to-tip. so do your thing. fructis damage eraser. garnier. ♪ [carpenters: "rainy days and mondays"] ♪ [ac/dc: "back in black"] ♪ [ac/dc: "back in black"] chevy colorado. when you find new roads, you win motor trend's truck of the year. (humming) vo: the good more is all the end-of-season deals on great tech stuff at verizon. the not so good more, having the season actually end. get the good more, like the amazing moto x in football leather free. quitters, you're all quitters! only at verizon. [ cheers and applause ] ♪ >> seth: welcome back, everyone. our first guest tonight is the host of "the o'reilly factor" which airs weekly nights on the fox news channel. he's also the author of the new bestselling book, "killing patton," in stores now. please welcome, welcome bill o'reilly. ♪ [ cheers and applause ] how are you? >> good. >> seth: lovely to see you. thank yo