Here are the three findings you need to know from the senates longawaited and controversial report on the tactics used by america in the name of fighting terror. Cias socalled enhanced interrogation techniques. Eits, used on terror suspects after 911, amounted to torture. The cia failed to yield solid intelligence from suspects by torturing them. And the agency lied to the white house and congress, and i quote, leaving the false impression that the cia was requiring unique information from the use of the information. It put the cost of the cias detention and Interrogation Program at 9 billion in nonpersonnel costs. How much over . And what about outside contractors . We cant be insure by this report. But it goes on to say that the cia program contracted with company formed square meters with contractors receiving 81 million from the contract was terminated in 2009. The report says that they were hired to device and enhance interrogation techniques, and it goes to to talk about company y for more than 75 million. And company y got an additional 579,000 to build an interrogation facility in an unnamed country that the report says was neverred use. Those are your tax dollars at work. Brother hood. Shelled out since 9 11, they failed to yield any solid intelligence, and whats more, the financial costs pale in comparison to the reputation as a beacon of human rights. Its even worse when the cia uses torture to extract confessions from suspects who are proven to be false, and no threats. En everyone agrees with the findings of this report, including many republicans who dissented in the select committee on intelligence. And the committees proceedings were minor irregularities and factual errors, leading to claims and conclusion. Joining us from washington is mike viqueira, mike. Reporter ali, the cia says that mistakes were made, and there is divergence on whether or not these interrogations led to actually intelligence. And the cia is maintaining that it actually did. Its really a sordid tale any way you cut it. And many people look at this, and even some who support the relief of this today, including Lindsay Allen of south carolina, and it may be beating a horse to death. But he points to the fact that the interrogations ended with the Bush Administration in 2007, and form low by president obama, one of his first acts in taking office in 2009, and he also quotes the black sites and rendition sites in many countries, including Eastern European countries, but nevertheless, its startling, when you look at the evidence had water boarding and sleep deprivation. Literally slapping people around and dragging them around hallways feet first. And this is what many with the erred say on balance, it does not serve american interest, even if there was actual american intelligence gleaned from this. You point out that many say that its unreliable, the information that comes from these socalled enhanced interrogation techniques, which many refer to as torture. One of the things that came out in the report today, probably on the trivial side. And one person said that trying to recruit africanamericans from montana to join al qaeda and terror itself. Montana has a 1 population of africanamericans, and he was completely making that up. The white house said today, on the key question on this, ali, who will be held accountable . The white house is dancing around that issue. No one is going to be held accountable and they want to simply put it behind them, and the administration is very fearful. Briefing reporters today, pointing observants that over the course of the last five months, they have been preparing for possible retaliation at every single world. Mike, to the point of whether or not this is in the past and we should be dredging it up, the reality is that there are people who disagree with this report, who say that the enhanced interrogation techniques or torture, it was important to know, because the policy can change. You can line up behind former Vice President , dick cheney, who was defiantly saying that it produced results and saved lives, he told the new york times. They also report that many cia figures from back then, porter goss, and Michael Hayden as well, standing behind the technique. Even as the report outlines that the Bush Administration itself was kept in the dark by the cia, and misled. You talk about some of the psychologists, and at the outset of this operation, these interrogation techniques being practiced overseas, and the fact that even the cia right now says that they really didnt know what they were doing at the outset of this. It was kind of a mess, and they didnt have the expertise. And the psychologists they brought in had no kind of background in any progression, much less one that involved the physical abuse of prisoners. Whats the wait of a report like this . Does it hold any weight or is it opinion, is it politics . What is it . Literally, its 6,000 page, and i know a gallon of water is 12 pounds, i dont know how much it actually weighs. Were looking today at the distillation of those 5,000 pages down to a 500 page summary. Everyone is digging through. We have dug through the executive summary now, and as far as the figurative weight is concerned, i think that you look no further other than the reaction and the anxiety of the administration, the fact that they made last minute phonecalls. John kerry over the weekend called dianne feinstein, and didnt want her to delay or didnt raise any objections to the release of the report. But he wanted her to be aware of the fact that it could have repercussions overseas that could be detrimental to u. S. Interests. Trying to walk a finally line. Dianne feinstein taking the senate floor, and releasing it on the intelligence website. I think that you were going to want to listen to this, ali sue an is a former fbi agent who interrogated many of the people that the cia did. His testimony about the alleged terrorist, zubeda and what happened during interrogations are the only ones under oath, according to sufan, but no one is willing to give a statement about it. He spoke to me before the cia report was released. He said we with the policeman report to the fbi, and it is what the government called it. So i came back and companied to do my job, and i left the government in 2005, and it wasnt until all of these things, because it all starts hearing all of these arguments by different people, and they include the former director of the cia, the former attorney general, and the former Vice President of the United States, talking about how it saved lives, and they gave examples. And interestingly enough, in one of them, for example, lets pick on jose padilla, youll see that they mentioned water boarding, information from padilla, he saved the washington d. C. Area from a dirty bomb attack. But they say that he was arrested in may of 2003, not may of 2002, so i start noticing that there are a lot of they claim that these are typos, but there are a lot of typos, theres another classified document that says that rashid was picked up in december of 2002. Well, i know that he was picked up on september 11, 2002, i was part of the operation, so i started looking into all of these things, and i found there was nothing out there about the efficacy of the ideas, the efficacy of torture that i wasnt aware. And its not an issue of how i view things, but facts recorded in government documents, and put into reports and notes that we took on the interviews. So people were using them as a justification, that we got all of these results from interrogation tactics. And my firsthand knowledge, as i testified in the senate, my firsthand knowledge, we got the information not because of the its and not because of water boarding. But i dont know, after 53 sessions, what accurate, intelligence they were able to get. He admitted to them that he was the number three guy in al qaeda, but we knew when we arrested him that he was not the number 3 guy in al qaeda. All of the information that we got from him, we did it way before water boarding and without the news of that controversial technique. Were you frustrated and do you continue to be frustrated about the lack of information between the agencies . Had you had the information about the known al qaeda operatives in the United States, the argument as i read it, maybe 9 11 could could have not prevented. The 9 11 commission, if that information was shared with the fbi agents investigating the uss attack, it could have been stopped at the early stages. Your book, you give a lot about interrogation. You were in number 20s. 29. So you didnt have any particular affinity for this. I didnt. I wanted to be an investigator, and as far as investigations sometimes, its to sit down and talk to people. And i think that two things helped me throughout my career with interrogating individuals or interviewing individuals, and things that you do on a daily basis. Have to do your research, and you have to know exactly who that person is, know the group and how they function, and you play that poker mental game with that individual, and number two, empathy. And its basically just put yourself in their shoes, what do you think, what do you feel . What do you think that guy did . And thats the only way that you can go into their head. Terrorists after 9 11, you had two Close Friends die in 9 11. Absolutely, its very difficult for me, but again, i have to keep my feelings outside of the door. Im dealing with individuals, and i always have to check my feelings and emotions at the door before i start to use the office. You have to think about the facts, and you have to think of the law, and you have to think about how you can make people safe. Thats my job. My job in the Interrogation Room is not to be angry, not to be upset or retaliate for revenge my friends who have been killed by terrorists. I think i will give them the best revenge when i convince that person to cooperate with me. When i get intelligence from them to disrupt the plot. And when that person who im talking to with blood on their hands most probably, will never see the light of day again. Thats ali soufan. And its a shameful sight. Some of the men and women serving america have been priced out of their homes. 20 of the listing price, and a lot of them are cash offers. I would just like to get help. Plus, the protest of the killing of unarmed black men continue across the country, and is there more going on here . The role of startling economic disparity across races. Tweet m me at ali velshi. A conflict that started 100 year ago, some say, never ended. Revealing. Untold stories of the valor. They opened fire on the english officers. Sacrifice. I order you to die. And ultimate betrayal. Drawing lines in the sand that would shape the middle east and frame the conflict today world war one through arab eyes continues episode three the new middle east on Al Jazeera America new. U. S. Cities are simply unaffordable. San francisco, the third most expensive city after new york and honolulu. High cost of housing means long commutes for many people who make their living there, including Police Officers and firefighters, hired to protect the city. And Public Safety may be at risk. Andrew was born in San Francisco, raised in San Francisco, and now serves San Francisco as a firefighter. He also almost got priced out of living in San Francisco. I went from preschool all the way through high school here, and everything has changed since growing up. I think that the tech world has driven the prices high, and its hard to afford to even reb in the city now, let alone buy a house in San Francisco. Its really unfortunate. You have features, Police Officers, sheriffs, fire department. And we want to be in the city that we work in. According to reports benefit the brooks institution, the gap between the rich and the poor is growing faster in San Francisco than in any other major city in the country. Families in the bottom 20th percentile saw their salaries drop 4,000 in the past five years, and those in the 95th percentile saw theirs rise by almost 28,000. The medium income is 73,000, around how much he makes. This group is discovering they can no longer find affordable places to rent or buy. With the cost of living sky high, some city firefighters and First Responders have been forced to move hours away. And that worries officials in this quakeopponency. Its really a question of whether the next one hits, and when the next one hits, we want San Francisco. City hall is offering First Responders like lee up to 1,000 in down payment assistance to purchase a home inside of the city limits. Last year, the initial pool had enough money to help out about 10 applicants, and andrew is one of the lucky few who benefited from the program. I was outbid by 20 over the listing price, and a lot of them were cash offers, and i was lucky to get a house in San Francisco today. I just moved in about two months ago, and im doing a lot of little projects on my days off. Its a twobedroom, one bath, small little house up on a hill. The city recognizes it would have to significantly expand the program for any impact, and he would like to see the Assistance Program grow. For public servants, like teachers and police and firefighters can also have the opportunity to live in the city where they serve. Aljazeera, San Francisco. Just east of San Francisco last night, protesters managed to block one of the biggest freeways in america for four hours. They managed to get on the interstate 80 despite the police presence. It was one of the many demonstrations of the killing of black men by police like eric garner. What were seeing is not the result in inequality for minorities, but economic inequality as well. Margaret simms is a director of the equality, and these are not great circumstances under which to talk, but as we have covered ferguson and eric garner here in new york, theres definitely a sense that theres more to this. And it is some of it is about racial inequality. But a lot of it is about economic inequality. Certainly, economic inequality leads to a lot of condition thats result in unfortunate encounters with the police, and when these incidents spring up, people bring to it all of the racial inequality and discrimination and disparrots they have had over time, but the killings we have seen are just the kip of the iceberg when it comes to encounters with the criminal Justice System, and those encounters have serious consequences in terms of income and wealth building, and in terms of support within the community. Young africanamerican men have lots of encounters with the system. Sometimes arrests dont lead to actual charges, but if theres an arrest there, and if theres incarceration, there are severe economic kepses, in terms of no employment afterwards, wealth changes, and debt accumulation. And lets just put figures into this. By the age of 23, almost half of black men in america have been arrested. And like you said, it doesnt always lead to a charge or to a conviction, but the fact that half of all black men in america have been repeated by the able of in, the entry into the criminal Justice System is much more available to them and much more readily taken. Its not as if theyre doing it by choice. The police are making a decision on who looks suspicious, and what 24th engage as criminal activity. And theres evidence that africanamerican men are just more likely to be stopped topped and engaging in age. Lets talk about progress and economic boycotts of stores. And lets put ferguson, missouri. With the riots and destruction of business property. But generally this idea of economic boycotts. An eye for an eye in terms of economics . Well, theres certainly an eye for an eye, but theres also this whole question of how you call a question to something that has a severe impact on your life, but doesnt impact other peoples lives, and that is to make their lives uncomfortable. You can do it through boycotts if there are businesses that are associated with this negative activity, as far as youre concerned, and there are also ways of getting peoples attention. If you stop traffic when somebody is trying to get home from a game, from work, then you make it uncomfortable for them. You keep it in their face. If you block entrances to stores, and if you boycott, you make it uncomfortable for people. And they realize that things are not as they always are. You make their life uncomfortable. Let me ask you this. And that is tried and true, and not only that, but its protected in american speech, but is there some misdirection of the frustration . We watch some of the protests blocking columbus circle, calling for boycotts on black friday and the apple store and macys, and theres no link between those companies and the problem, so can we make people uncomfortable in a way that targets the message more effectively . Manien lifts will tell you that there was no effect for the call for a boycott on back friday. They can make negative circumstances, and people may not be only uncomfortable, but may be put off by your message. But i would argue that the protests are not just directed toward the country, but the customers. What are we trying to change . We know that the medium income for whitetails is 60le thousand dollars a year, and blacks, 25,000. And the core of this is inequality. Are we talking to employers . What do we want to solve to make the system better . I think at the very basic level, what many of these protesters are doing is police activity, the criminal Justice System. That is how do we change the system so that africanamerican men have an equal chance to live free . And therefore to pursue their economic goals . The question of course is this strategy, or these sets of strategies to do that. It needs to go to the next level. That is once the attention is drawn, then we need to have some policy changes put into place. We have to have the attention of, and the approaches to the structure, the people who run the structure, the people who make the laws, and create the policies and practices so isnt the best thing then, better voter turnout . More political involvement is. Certainly better voter turnout will change some of the system, but i dont think that you can just elect people and go away. What they do after you elect them is very important in keeping tabs on what they do, and using legitimate strategies to put pressure on is also important. Margaret, good to talk to you, and thank you so much. A very important conversation, and i hope that you come back and well talk to more of the policy for prescriptions. It has been six years since Bernie Madoff was sent to prison for his giant ponzi schemes, and some of his cohorts are finding out if theyre going to join him in jail. Onebyone, exworkers are going before a federal judge for sentencing. They were convicted for a ponzi scheme. And besides prison time, the federal judge is ordering them to forfeit 155 billion. Its a symbolic sum that represents the money generated by the massive fraud. Reporter they were part of ber ard madoffs inner circle. All five former employees were convicted of helping madoff pull off the largest ponzi scheme in history. A former back office manager. He told the u. S. District judge, taylor swain, that he was used by the ultimate conman. And he cited the smoldering ruins of the fraud when she sentenced him to a decade in prison. And the same judge said that she was coldly calculating participant in the scheme and sentenced the clerical manager to six years in prison. They were part of the team that worked in madoffs company, as seen in the documentary, in god we trust. The 7th floor is where money went to disappear. And it was run completely differently on the 7th floor. People dressed differently, and they werent as educated, whereas on the 18th and 19th floor, madoffs sons were there. Neither of maids sons were ever charged in the ponzi scheme. Andrew died of cancer in september, and mark committed suicide in 2010. Madoff is serving a 150 year prison term in north carolina. He began the ponzi scheme as far back as 1970. All told, 15 people, including madoffs brother have been convicted of fraud, a fraud which cost investors 17 billion in losses. Mary snow, aljazeera. So far 10 and a half billion dollars has been recovered by the trustee working to reclaim pun for madoffs victims, but that trustee, baccard, may get back less than he hoped. Baccard could not recoup some payments that madoff made to customers two years before he was arrested. Diane francis, the author of several books about white collar crime, and she also appears in aljazeeras documentary, in god we trust, about the made off saga. In case you missed it, it airs again. Bernie madoffs perm secretary of 25 years. Its an inside look that you will never get. And Diane Francis wrote a piece about her crimes. She joins me now, and what did she say to you . Well, she said im working on this documentary. I was right in the middle of this crime, and i didnt know anything about it. Which i totally believe. And i get it. Because thats how these things are structured, and she said, you raised the only the only person that raised the fact that he pled guilty to money laundering, and you speculated that this was as much of a big gigantic money laundry scheme for very dark pema broad as it was on a ponzi scheme. And she if i would come down and work on the documentary. And so i met with the producers, and we worked on it, and its really interesting. Thats going to air, and you can see it right here on friday at 9 00 p. M. Diane, you seemed to think that while there were a lot of red flags going on back then, that the regulators are not to blame. Is that because this guy was running a criminal enterprise, and our regulations is not built to find people who are just going to be crooks. If youre an allout crook fraudster like Bernie Madoff was, he lied to everybody, and i think he lied to his sons, and i dont know if his wife knew about it, but he had a core of employees who knew what they were supposed to do. But i dont think that they even knew the whole scheme. Ive been a student of fraud and rip books on fraud. And this was one of the best constructed because it lasted so long. And the key ingredient to the secret sauce, theres one mastermind and hes the only guy who can put awful the pieces of the puzzle together. Yes, there were red flags, and yes, there should have been more diligence on the part of investors, but i dont think you can catch a guy like this. He was just too good at it unfortunately. What should an investor take in a case like that, not believing the consistency of the runners that Bernie Madoff was offering . Like our parents said to us, if its too good to be true, its probably too good to be true. He was offering 10 year after year, when markets go up and down, no equity fund can promise that. So actually, that thing would still be going today if we hadnt had the melt meltdown, and people wanted money. And he cant get more in. Because the whole idea of the ponzi scheme, the last guy in was paying the guy before. And the other element is money laundering. Can this it still happen today . Could this be happening right now . Oh, for sure it could be happening right now. This is the easiest thing in the world. The worlds Financial System is based on trust including trust in the u. S. Dollar. We have to believe what people tell us, and the only thing you can do now, and there are more safeguards. The one thing that has arisen out of the ponzi scheme, he has been able to successfully nail a couple of the big banks, who would always say, they said in the past, how did we know . We were hoodwinked too. If you collected fees on the way into this from people, i think youre liable, and i think that has strengthened up a bit. Thank you so much for being with us, Diane Francis, the editor at large for the financial post. And she appears in aljazeeras fantastic documentary, in god we trust, about the madoff saga. Part one airs this friday at 9 p. M. And 6 00 pacific. And then part two on sunday evening. The rocketeers have the moon in their sights, but that doesnt stop other countries. Billions of dollars at stake on the business of space. Nasas mars rover, the curiosity, is beaming extraordinary information to earth. As i speak, the rover is climbing a mountain on mars, smack dab in the middle of an os tried crater. Its three miles high, layer after layer of rock, that scientists believe will tell them the story of how mars was formed. Its a big deal for nasa and its 2 billion mission. But nasa isnt the only organization with notches on its belt loop. Space exploration, the last installment of the business of space series, we take you inside of the economy. Reporter the European Space agency erupts into tears and hugs. The Spacecraft Lands on a speeding comet as it travels 4 million miles over the last decade. Its aim, to gather information about space. It was a social media bonanza, with millions around the world watching on livestream video, as the heads of the European Space agency made it clear, score one for europe. We are the first to have done that. And that will stay forever. Thank you very much. Not so far off from the global race sparked with sputnik. The highly complicated mechanism, transmitting secrets of the universe. The russian satellite launched into orbit, and it launched the space race. But theres a big difference. The race to space in the 60s, was fraught with political tension, and a massive competition over the might and Technological Prowess of super powers. Now its what people in the space information col cooptition. This is an example of multiple countries coming together from all across the globe to work on a collaborative project. The biggest we have ever attained to require the labors and the investments. As a result of tensions over ukraine, the u. S. Announced it was suspending all joint Space Programs with russia, except for the space station. Nasa still rise on russia to spend american astronauts to the space station on the russian shuttle, paying them 70 million a seat for each astronaut. China is also working on building its own space station. And it has set its sights on landing on the moon and collecting lunar samples, perhaps to compete with u. S. Companies looking to mine there. The United States still pumps the most money into its Space Programs at 20 billion in 2013, and russia in second, and followed by china, 3. 5 billion. And japan, 2. 5 billion. India has one of the smallest at 1 billion. But it hat deterred the country from making huge lips. India launched a mars orbiter in 2013, and on the shoestring budget of 75 million, compared to nasas budget of 71 billion for the same mission. Its a symbol of what we are capable. Mary snow, aljazeera. The director of research for the space foundation. He says forget talk of a space race, the u. S. Is so far ahead, theres no competition on that front. But cooperatetition, they said that russia wins the race into space, and its a very different mindset today than it was when sputnik went into space. Absolutely. You had the u. S. And the soviet union, who could put somebody in space and land on the moon . And now its more of an check level. Who can get the launch and who can provide more Satellite Services across the globe and to customers everywhere. Its a little bit different, because back then, it was still in the shadows of a cold war, and though we were talking about a new cold war developing, thats not the context for the space race anymore. Absolutely. People are looking for ways to work together, and even when you have a missioning you have spacecraft and agencies around the world as well. So the upcoming james webb space scope, we have cooperation with europeans for things like that. You mentioned europeans and their goals in Space Exploration are very different than american goals or the goals of somebody like ilon musk, and tell us about that. The goal of any nation is to go out and explore and learn more about space, but we all do it in different ways. So you ever it the European Space agency, which just achieved an incredible feat, landing on a comet. And then you have someone like ilan musk, who got into the business because he wanted to send a greenhouse experiment to mars. And he realized that it would be so incredibly expensive to do that, he started his own rocket company. The indians were able to send this probe to mars for 75 million. And how exactly does Something Like that happen . Well, it depends on how the spacecrafts constructing and what its capabilities are. And people do draw that comparison between the cost of the indian space craft and a similar nasa mission, but really, theyre similar in terms of timeframe, and not necessarily capabilities. Just to give you an example, the entire payload aboard the indian payload weighed about the same as one of the instruments onboard nasas spacecraft. And that was one out of eight. You say that the role china is playing in the world as regards space, its interesting. Its about getting to space, but its also about soft power. Thats right. So a country like china is very strategic about how it uses its space program. And in their case, its not so much about exploration, as it is providing services. The chinese have worked very closely with nigeria, venezuela, and other countries that have a lot of Natural Resources that can then be used in the days to come. And they used their space program, and providing satellites and providing training to the people of those countries to use those satellites, thats one of the ways of gaining diplomatic power and forging new relationships that can be used in other areas outside of the space industry to fuel the chinese economy. All right, mike, thank you so much for joining us. Michael walter, research and analysis at the space foundation. Coming up next, turning the standard business on its head. Big companies pitching to stardom. What do they want . Coming up next. Changes need to be made so that more women can stay in the pool and rise to the top political scientist annemarie slaughter shares her provocative viewpoints about women we need to rethink the arc of careers. And International Issues the United States has to use force in a way that has lots of partners. Every saturday, join us for exclusive. Revealing. And surprising talks with the most interesting people of our time. Talk to al jazeera, only on Al Jazeera America entrepreneurs often try to grow bigger with a giant corporation. And they pitched a big company like mad but cant get them. They cant get on the big companys radar. Theres a fascinating switcharoo happening right now. Big companies are realizing that they need the quick innovation and the nimble tasks of the startups to evolve. And the pitch is starting to shift. A Company Called switch pitch save helping with the change. Chris lee is making a pitch. Were looking for Services Using one or more. In the audience, over 100 different startups listening with rapt attention. Because chris lee is pitching on behalf of electronics giant, samsung, and for startup, this is the chance of a lifetime. Oh, my god,. Christopher wright is the ceo of sneaker, a mobile development startup specializing in apps. He got someone on one time with samsung to address the companys pitch and try to work out a deal. One of my colitis is samsung, the biggest player, its huge. And that would open up so many doors. I mean, where do you go from samsung . Thats the problem. Microsoft, hp and experian are a few of the other Big Companies that have participated in switch pitch. The reason, the companies believe they win too. At the end of the day, samsungs goal is to ship more devices to as many customers as possible. But at the same time, the startups, we have to learn from them as well. And its constant innovation, and the ideas that come out of them. I do need to know Big Companies want to innovate faster, and they see that theres startups that are getting very big very quickly. And they want to get in earlier. Michael goldstein is the ceo of switch pitch. The company that organizes the event. Hi, sam, how you doing . Hes the manager who finds seed money for startup, and he kept hearing the same thing over and over. Big companies were not interested in the start up of his portfolio. They had a specific problem and needed a specific solution. The ceo of motley fool, ill give him credit. He said we need this, and can you put me in front of an audience of startups and see if any of them could start up on it . And i said its crazy enough to work. Goldstein said in the past year and a half, he has had a 40 success rate matching startups with Big Companies, with the average deal, between 25,000 other thousand dollars. We track 2 million in revenue that has gone from Big Companies to startups. Big Companies Say that the biggest lure is that the startups have been vetted ahead of time. There arent enough hours in the day for me to answer all of the emails. Theresa is an entrepreneur in residence for microsoft, and time is money. Time is short, and any opportunity where we can connect the right people is good for everybody. But there are risks. Three out of four startups do fail. And while there are no guarantees, partnerships made through switch pitch will last or even pan out in the long run, and the Company Believes that its tashed approach to match making is an odd beater. Its trust, the big theme tonight. Your investments and even cars, swirling around uber. Im going to talk about rules of the road for companies trying to cash in on the economy in just two minutes. Teach for america is supposed to educate poor children. Schools where kids need grade teaching the most. Can unprepared teachers make a difference . Why are we sending them teachers with 5 weeks of training . Spain and thailand ordered the car service company, uber, so cease operations on tuesday. Oregon did the same. The app for customers and drivers has set over questions of privacy after uber is investigating one of its executives for tracking a journalist without her permission. But concerns that facebook will discourage an innovation, michael says that it will do just the opposite. Michael is the ce off of a company that helps people manage their trav see concerns, and the author of a book on the economy that will be out in stores in january. Hey, michael, good to see you, and youve been advocating for this concept of a data vault. And what are you talking about . Yeah, so on uber in particular, theres a regulatory question about whats going on in india and thailand. And a lot of that question is not having to do with privacy, but with a taxing commission clout that many of the cities have, and its keeping a medallion taxi cab in control of the franchise, and then the question of how does uber treat private information and data . There are questions about facebook and how the data flow. Much more from the consumers of how the data flow. They are valuable to large media and commerce businesses. What would a data vault be . Its a commercial concept. Its not a regulatory concept, its free market that i advocate. And microsoft instituted this idea. But you get control, who gets to see your data and how long and for what purpose . They dont get to sell it to people that you cant identify for a purpose that you never know. If you look on the face of it, its an advertising model, but it lacks like this, we give you something free, we collect your data without your knowledge or permission and give it to people for purposes that you never know. You control your data, and im hoping that a company like mine or inopportunity or facebook or google or amazon might adapt this because it will be very very lucrative, and give up the consumer a share in the proceeds. Tell me what it does to the services that charge me less or nothing as a result of the fact that theyre gathering information. The free Market Companies in silicon veil are afraid of regulatory solutions. Anything to keep them from being on the free market, its a lot more important, but describing facebook and google, sources of revenue, and the internet advertise, and the contract, the implied contract that theyre not aware of, as soon as you log onto the internet and the service, your internet are then free, in some peoples view, to be abused. So you have to find a new way to generate revenue. My rue is clear. If theres a way for protection of data through regulation or the free market, you will have a hard time if youre on facebook or google, but youll have a huge opportunity for a new start up, looking for a more interesting way, in my view, for capitalized innovation. It will be bad for the incumbents. The first 1 trillion of weak on the internet, if you set aside Harbor Companies and is performs, i think 50 of the next trillion dollars will be advertising and ecommerce. I was used to driving on free roads, and before cable came along, i was used to watching free tv over the airwaves. And the internet is consumed by people wanting the free web. The initial model of the internet was advertising and collecting i balls, but many of us have moved most of our commerce to the internet. And amazon is the largest retailer in the world, i believe, maybe rifling walmart. Its 3 of the economy of the United States. People are buying clothes and prescriptions and razor blades and shorts and everything else, and selling them online, and people are are accustomed to a paid experience, and now the next facebook, the next google will have a Fee Associated to it . My guess is it wont, but they will find a way to monetize data efficiently. And it doesnt may be that we dont get to make gobs and gobs of money on you, but they get to make even more because you get a cut. And if you get a cut, can you give them more than information on yourself. Right now, the life button follows you on the internet and collects data on you without knowing it. And imagine if youre not aware of it, imagine what you night tell facebook volunteer plea so they can make more their agents. What is the book coming out . January 20th, i think its going to be a bestseller, i hope to god. Well talk about t and michael is the ceo. Of reputation. Com, and the author of the second book, which will be out on january 20th. That is our show today. And im ali velshi, thank you for joining us. Part of what sets us apart is when we do something wrong, we acknowledge it. Condemned by the commanderinchief, a scathing report on the c. I. A. On enhanced interrogation techniques. Reaction from around the world. The winners and losers in a budget deal that could prevent a Government Shutdown you. A breakthrough in autism . A treatment plan