Not such Great Stories but overall it was not a bad year. Besides those two. Megan it will be one of the seminal pieces. It makes the point we could talk about the Samsung Phone catching on fire, hacks or some of the on fire, hacks or some of the companies that didnt have a great 2016 but the point is underneath that we have seen things like uber make real advancements in self driving cars. We have seen sort of technology and computers ability to read speech advance at very accelerated levels. It does show under this new president ial administration as well, how technology is really going to step forward and put itself out to come out of the politically neutral stance it has tried to take. Is this the moment where tech comes out of the shadows, politically neutral stance that it has try to take in terms of privacy and technology and be forced under trump to make a stand . And not just technology. Tell us about why you are doing that now. Megan look, 2016 has been full of surprises in many different ways. It is time to step back and say, look, were racing a sort of unprecedented rise in economic populism and social unrest. Sort of threats of terrorism and other things, but we wanted to point out some of the relationships, some of the parts of the world where i think people are doing things you do not know they are as good as they are giving. We want to step back and look at business and say we should recognize and celebrate people who are fighting for sustainability and fighting for fishing regions in the South China Sea and take a holistic view of business. In a much more comprehensive look. Carol speaking of business, one of the features is wikipedia and what they are trying to do to make it diverse. One of the great statistics is there are 2300 articles about princess leias home planet. As a star wars fanatic, i was intrigued to read about this. And sort of no articles about sort of some diverse, whether it is writers, politicians this was under the covers and looking at what was uncovered to change that. Whether it is recruiting more diverse editors, really having people have more access to put in these names and flesh them out. It is not easy. You know, i think it is 80 of wikipedias current editors are white and male. Many are saying this has to change and only reflective of a certain segment of society. It continues to be a challenge. But it is a real look on how this can change and what we are seeing sort of across all areas of technology is pushed up instead of down. It is a great story and we spoke to a reporter. Wikipedia, founded in 2001, is an online encyclopedia. It is free to use and free to edit. So, anyone in the world, you, me, the president could go on and start writing encyclopedia entries. And then there are tens of thousands of editors who look at that, change it, and reenter it or change the entry. It is continually selfcorrecting. It somehow manages to be quite good. 10 years ago, people made fun of wikipedia. It was a little embarrassing to have a Wikipedia Page open in the newsroom. You would never admit you even looked at it. And now it is not perfect but it is good and it is about as good as comparable encyclopedias, comparable text books. There are some areas where it is listed in terms of prescription drugs and things like that. But in general, it is good. Carol what is the infrastructure for editors . This is where it gets problematic and interesting. Wikipedias original users were basically Opensource Software geeks. White guys who are interested in tech. That has left the encyclopedia with sort of limitations, certain areas of expertise and does not have. There is not much diversity. You have an editor base that is 90 male, mostly white, mostly in the u. S. You see gaps. The foundation that manages the encyclopedia, manage maybe a generous term. That attempts to oversee the encyclopedia is working on it but so far, they have not accomplished it done. Carol there is no editorinchief. Exactly. No one at the foundation, there is no boss that can overrule an article or commission an article or delete something. It has to come from the bottom up. There are different layers. Those people are just volunteers. There is no overruling a wikipedia editor. That is the filter bubble problem. This is what people have been talking about in other areas. We think of the internet that sort of encourages diversity of opinion. I can read cogent arguments from people on the other side. About whatever my political lives are. I can pretty much read endless amounts of content about anything. We pretty much just find stuff that we agree with. So, during the conversation about misinformation, fake news around the election, one of the things people talked about was a filter bubble. You see an article on facebook that conference biases. You see donald trump just shot somebody on fifth avenue and you are likely more to share that and that kind of perpetuates this misinformation. Wikipedia has kind of the same problem which is you have these group of editors that are interested in tech but dont are not necessarily familiar with all areas of Human Knowledge and so you get problems. In 2013, harper lee, one of the Great American novelist was listed not on a page for american novelist but for american women novelists. You have things like that where there will be long entries on moons in the star wars universe, that but then you will be missing key elements of World History or feminism or topics that are important and dont get the love they should. Carol turning Good Business into a good cover was the job of creative director rob fergus. Rob it is one of those covers that synopsis is an entire package worth of features and like teachers and stories and things like that. Carol the stories are all over the map. It is quite a range. Rob rather than trying to cram that, we went with the overall theme of the issue which is Good Business. A lot of times we do stories that are critical of businesses that we cover so this is in some cases the opposite so we want to have a very positive thing overall. Business. A lot of times we do stories is it easier or more difficult having an issue compared to one story . Rob it varies because it is so different and we had to convince ourselves it is ok to embrace the simplicity of that idea as opposed to doing something a little more conceptual. But you know, a lot of times we will be focused on one story and if we have a good photograph we will put that on the cover. Carol so, you have all of these pictures and symbols of things. Plus, a freaky hand. That is a little bit of a freaky hand. Rob we have one have illustrator that we use as well so we had her render it. It is slightly odd looking. The good part is almost overkill. It is like great. Exactly. Rob if we do something, we will do it at a hyperbolic degree. Carol a warning from poland. What happened when they elected a party similar to donald trump. Oliver an energy firm that is billing itself as a new utility with a lot of big money behind them. This is bloomberg. Carol welcome back. Im carol massar. Oliver and im oliver reddick. In the Global Economic section, the lessons poland can teach donald trump if he doesnt tend to drain the swamp in washington. In poland, you had a government that came to power in october last year and they made some of the same complaints, some of the same resentments and issues that donald trump did in the u. S. Theres support base was out in the countryside and the smaller towns. They came in the case of poland, to the benefit of joining the european union. They came to power promising to sweep away the elite. Polands situation is different from the u. S. Mr. Trump is different but there is a kind of conspiracy of excommunists and liberal allies that have run poland since the 1990s. After the collapse of communism. So, they spent a year now and they promised they would sweep of these people out and got about doing it. They removed 300 executives from staterun companies and put in different people. They removed about 1600 people from the civil service. And replaced them. They removed 130 or so journalists that were either removed or resigned from public broadcasters. They have taken people out of the Prosecutors Office that were under their control. They have been busy doing that. The interesting part is as they began to do that, they pushed up pretty quickly against checks and balances that are in the democratic process. And that has led to a big fight over the Constitutional Court. Carol talk to us about that fight. Where is it going . We have a big moment right now because on december 19, the head of the court his term expired. He has a nineyear term, it expired. He has been blocking a bunch of changes that law and justice has been tried to make the last year. First of all, they try to put an extra three judges on to the court who were not really entitled to be put on. There are 15. They were not the first to do this. You know, before the previous government tried to add an extra two. Those were extinguished by the Constitutional Court itself. They declared it unconstitutional. And now they are trying to push five instead of the two they should be. They have resisted that. The government put through six different pieces of legislation determining how the court should run and the upshot of the legislation is the court it is harder for the court to scrutinize legislation, declare it constitutional. So, it is essentially neutering the court. Carol so if we look at poland and try to understand for those folks in the u. S. What might happen as our president elect donald trump talks about draining the swamp, what are the Lessons Learned in poland . Well, i think the primary lesson is that when you want to do something really radical, that is not the question. Rightly or wrongly is not the question. When you want to move large numbers of people out in order to do that very quickly, soonend to come up fairly against checks and balances in order to make sure that a majority government does not just run roughshod over the rights of the minorities who did not vote for them, for example. That is the lesson in poland. It does not mean it will happen in the u. S. But things have changed enough over the recent years that we can no longer say, look, those countries in eastern europe, they are completely different. They get more radical government. We are getting pretty radical government and decisions now in the west. So, the point of this sort of parable is really to understand come. The pressures will carol next, the seemingly midas touch Goldman Sachs has. No matter who wins elections. Oliver how some colleges tap into their connections in wall street to deliver top return. Oliver welcome back. This is Bloomberg Businessweek. Im oliver renick. Carol im carol massar. You can also listen to us on radio on channel 119 on s iriusxm. 99. 1 fm in washington, d. C. And am 960 in the bay area. In the markets and finance section, how Goldman Sachs comes out on top in the incoming Donald Trump Administration even though candidate donald trump targeted the bank on the campaign trail. It has been quite remarkable. The stock is up Something Like 35 since donald trump won the u. S. President ial election. Some of that, a lot of that has to do with Donald Trumps policies and the fact that a lot of people think he will roll back regulations on wall street. He said, he talked about repealing all of doddfrank. Doddfrank is at least 10,000 1000 pages. So, it is unlikely that all of that is going to get rolled back but some things will be first in line. Carol volker has to do with hedge funds and private equities. It is a ban on prop trading and the other is a limitation on stakes in hedge funding and private equity funds. Both businesses were very big for goldman before the financial crisis and stakes in hedge funds and private equity funds remains big for goldman. They have roughly 7 billion left that they have been working to sell down but have not been sold yet. The prop trading have been subject to the ban as well. It is not clear to us how tightly that ban has been enforced in the last couple of years. Oliver you have after the donald trump election, all these Financial Companies leading the market but then leading into the election, they were portrayed in the best light not only by the public but donald trump specifically. They endorsed hillary clinton. They came out and said she would be a good president. Specifically at goldman, there is a relationship between clinton speaking and Trump Supporters put out in the limelight. How often does this happen that the other guy gets elected . Carol trump did an ad where he specifically targeted Goldman Sachs and said how terrible they all are. Oliver did wall street want donald trump to win all along . What happened here . That is a good question. I am surprised as you are. As a lot of our viewers and listeners are. I think some of it has to do with the fact that a lot of Trump Supporters are not that closely monitoring who his appointments are. My suspicion is i just had a conversation with somebody in d. C. Who has been watching this closely. The point is the goldman guys at the top of the administration creates jobs, brings manufacturing back, nobody will care they are goldman guys. They just want their economic livelihoods restored and brought back. And so, you have a president elect was making appointments, it is during the holiday season. Maybe the people who voted for him who really got behind donald trump are not watching really closely and then, come january into february, the rubber will hit the road and then we will see, oh well, we have a could couple goldman guys, lets see what they can do for me. Oliver as a reporter, i cannot think of anyone more ingrained with your sources. You have been on this beat for a while. When you talked to people on the wall street, what was their reaction the way their own sector has been so favorable to investors . It has been amazingly fast facile. It was hours after the donald trump election and the Election Results came in and we were already talking to people who were saying this could be good for us. We could get behind this guy. The ability for them to quickly switch and get behind the winner, even though i have been doing it a while, was pretty remarkable. Oliver in the markets and finance section, they may not be ivy league but small liberal arts colleges in the northeast have big wall street connections. Carol and sometimes that is good for their endowment. There is this unofficial designation that a lot of people have given to the the northeast liberal arts schools are the ones if you and been able to get into harvard, maybe you will go to colby instead or Something Like that. Still a great school. [laughter] but, they dont have that same intensely competitive application process. You know, they have doubledigit acceptance rates. Not singledigit acceptance rates, right . Oliver how does notoriety and the acceptance rate translate into endowment . How much money they have to operate with . On a very simple basis, it is funny because if you have more applicants, you will probably have a larger class so for these schools they are much smaller. Kind of what their alumni base they have fewer alumni that they can ask for their endowments. Kind of in a tangential way, what their base well eventually look like. Carol endowment returns. We have seen that from a lot of universities. It has not been an easy year. Or so, or two. What about the little ivies . We need to look at a National Average which was a 2. 5 , which is a bad year. For the little ivies, it was even worse. It was 3. 5 . It is about 18 schools we looked at so it was worse than the National Average which is why we really wanted to look into it because you have these prestigious institutions with these investment committees that are full of these wall streeters. Yet, they were not able to cash in on that to produce the same returns as the ivies because the other interesting thing is the ivy leagues, who have a similar type of alumni base wealthy, wall street, a lot of investment expertise they returned a 0. 8 . The big difference between the little ivies. Carol do you usually track the same in terms of performance . They are typically a lot closer. I think we were the first people to ever track the ivies. Typically, they do if you look at the numbers. They do track pretty similarly and that is because this push yale model tail of investing, the diversified funds, instead of doing stocks and bonds, that you hedge funds, private equity. They do all sorts of, almost like strangely unique things for a fund that the purpose of it is to be forever. This year did not pay off. Carol up next, one of the worlds most powerful Fashion Companies it is turning his supply chain green. Oliver what may have a tribute to the company letting down its guard. Oliver welcome back. Im oliver renick. Carol and im carol massar. Still ahead, the men behind gucci doubling down on being environmentally friendly. Oliver investors are lining up to get behind Green Infrastructure products. We will tell you about the man behind the trend. Carol also, the Company Making robot babies. Oliver all of that is ahead on Bloomberg Businessweek. Oliver we are with businessweek editorinchief megan murphy to talk about some more important issues in the magazine. Lets talk about the markets and the finance section, which is about litigating in germany. Caroline not so easy, is it . Megan not so easy. This is quite common across western europe and the difficulty of pushing forward class action lawsuits as a litigant. It goes into the impediment that you face and run that kind of litigation in germany. It is getting consumers and emissions. This guy running this case and trying to generate and form a huge class action to get more , one of the biggest impediments in germany. It is that the lawyers do not get a cut. So there is no incentive for them to get this huge slice of the settlement fees. We saw the lawyers in the u. S. Get a 175 million cut. That is not to say they are profiteering. It is just that our system invested incentives lawyers. The system is not the same in germany and it is not the same across europe. Carol and if you lose, you have to pay the court costs. Megan yes. It is a big deal. Caroline talk about global economy. Venezuela theand , currency has collapsed and created problems in the country. Megan there is a nice chart that talks about hyperinflation in venezuela. Other countries have experienced it, like zimbabwe, germany. Ranking, venezuela is in the 23rd most severe period of how much the currency has deflated over time. Carol it goes back to 1795. Fascinating. Pretty oliver you can see trends within it, as well. Ok, lets talk about the story in the business section which is focused on industry not having good sustainability. Megan we take a look at what has been done a cost high super luxury brands. There is a section that talks how they are and looking to make pythons in their fashion more sustainable. Part of that is if you are going to grow or have or maintain a sustainable source. This is important stuff. Fashion is one of the industries we frequently look at. Think of leather, access, and luxury. It goes across brands and you can look at where you can change this, make an impact. Everything from driving workers , you know, sort of wages up to lessg sure you are leaving permanent environmental damage is something that is very important and other companies have realized is a example. Carol we spoke with them. Caring has stood out on the sustainability front. This is something that a lot of about, Companies Think but i do not know if they go forward with enough changes to what they are doing on the backend on their supply chains. What caringlk about is. I did not realize they changed the name. It is a very wellknown company. And some really extreme lux brands. Kerings biggest brand is gucci. They have still mccartney, puma, a bunch of other stuff. They are a company that runs all these different luxury brands. A Company Needs to have multiple brands to get really big. Carol formally ppr. And the man behind it all . Francios pino is now the ceo. Oliver they have sort of found about four years ago, said we are going to do x, y, z measures to be more sustainable. Where are they now . How have they made progress on that in the past four years . In 2012, they looked at everything in their supply chain. From where they get their precious skins and furs from, from the sources of the other raw materials. How much plastics they have going into what they are doing. So far, they have managed to reach a lot of those targets. Is not just superficial. I love the detail you go into in your story. Sustainability committee at the talk about you created a you talk about you created a Sustainability Committee at the board level, and some of the conversation is tied into sustainability and the success of sustainability. Everybody has targets. Every brand within his company has to be on board. He has forced them to be on board with the sustainability thing. If they dont do it, it will cost them a little compensation. Oliver what is it about the fashion industry in terms of where the materials come from, related to animals, related to labor. Is this an industry where this is particularly in focus and sort of important to assess . Fashion is one of the most polluting industries in the world. People do not think of that too much, because it is really opaque thing. The supply chains at most of these companies are really opaque. You dont know where your clothing is coming from. Sometimes the companies do not know because they subcontract out to smaller factories and so on and dont even know where their own things are being made. Oliver is it about margins to some extent . It is about margins to a large extent. Labor is very cheap, and it is also very easy to move where you are creating your stuff. I mean, most clothing is made by a person sitting at a desk with a sewing machine. We are not walking into factories in bangladesh, we do not know that. Carol pot in the Technology Section the man who pioneered , the no money down formula for rooftop Solar Systems now wants to spread it to other hightech industries. Oliver we spoke to chris martin about it. It was founded about two years ago by the founder of another company. Carol we have heard of that. Yeah, yeah. He is an interesting guy, the founder. He founded it with the idea that we need to work faster to avoid the worst parts of Climate Change and to wean the world off using fossil fuels that are causing the climate to warm. Back inld the business 2007. He was wondering what to do next even as his company was taking , off and then falling into bankruptcy. So he hooked up with a couple of ,ddies from mckinsey and co and they formed this company that is designed to accelerate investments that will reduce use of fossil fuels. Carol smaller investments . Yes, smaller investments, ones that the big banks do not care about because they are too small. They do not generate enough fees. And there is a lot of Due Diligence because these are new technologies that few people know about. Carol i love what you said in your story, said unlocking the 10 trillion needed to wean off of fossil fuels. Million projects instead of like 1 billion projects. Right. Like i said, these technologies are being ignored by the general banking industry. They started looking into what types of technologies would do the most for the least amount of money. One of the early ones they found battery designer and installer called stem inc. They had been getting some success applying this no money down leasing model the Battery Systems for hotel chains in california. They helped lower their electricity bills, as well as draw less power from the grid here at another one they started a company thatas came out of m. I. T. With Technology Using electrified microbes that take water waste and convert it, basically clean it by eating what is in the wastewater and converting it to methane to produce power. Oliver what makes it and mentation what makes it advantageous for them to use this sort of program instead of saying, you know this is a , technology we will purchase and implement . Is there risk associated with it . A lot of reasons. The first one is cost. They are a brewing company. They dont typically have a lot of cash line around to invest in something they dont know a lot about which is wastewater , treatment plant. Yet, they needed one so they agreed to set aside some money for this technology, to try this technology. In part, because it is a simple process. You dont have to build this Wastewater Treatment plant. It comes on a truck, a container. Using that single container, can they can add more and expand as the beer sales expand. Oliver what was going inside yahoo when hackers stole information from one billion accounts . Carol european ecommerce site struggling to fight back competition from amazon. This is bloomberg. Oliver welcome back. Im oliver renick. Carol and im carol massar. In the Technology Section, the recent yahoo hack was worse than it sounds. Oliver it included victims from the fbi, cia, nsa, and white house staffers. We spoke to a reporter. Back in september, as yahoo was just announcing they were going to be acquired by verizon, yahoo announced a really big breach. It was 500 million user accounts, basically half their user base. By any standard, that is a really big deal, and it kicked off a round of conversations with verizon on whether that price, which was 4. 8 billion, should be negotiated down because of the liability of that breach. Come last week, yahoo announces an even bigger breach, which is a billion user accounts. Thats how many users they have. That is basically the entire company. That kicked off a round of fo furious negotiations about liability basically and what should the final price to verizon be for a company that will face years of lawsuits. Carol i feel like britney spears. Oops, i did it again. This was another hack that was a few years ago. Interesting, as you point out, it was military employees, government employees, intelligence employees. It was who got tapped into which makes this a more serious story. That is right, yes. An interesting back story. Yahoo announced its first breach in september. It was from 2014. We had been working with a Cyber Security researcher who actually acquired the stolen yahoo database. As we were analyzing it, what we discovered was the leaked information did not match up. It included backup email addresses that many yahoo users give to the company in case they were locked out of their account. The story we were preparing was on how many u. S. Government and military employees gave their official work addresses, which for criminal hackers, that is a bonanza because you are able to , identify people with very little work who worked for military intelligence. Dod. Now, the nsa, cia, that is the story we were preparing. In the course of asking yahoo a bunch of questions about that discrepancy, something nobody saw coming, yahoo disclosed the second breach of that data , again involving one billion accounts. It is a huge deal. Oliver when we talk about the deal here between yahoo and verizon, why did they raise the price of yahoo . I can think of one reason people might leave. My dad it uses yahoo , and he is going to freak out when he watches the show. People like that, are they going to leave . Are they going to lose eyeballs and their advertising . Will that drive the price down . One concern, of course, if yahoo users start fleeing in droves, that will be a problem for verizon but that is not the , primary problem. When verizon is looking at are two things. One, these data breach lawsuits could be extraordinarily expensive especially when you , are talking about loss on the scale of yahoo there is an interesting angle. When the vast majority companies that are breached today, the first thing the general counsel tells them to do is to issue and pay for Identity TheftProtection Services for all their users. You know, this not out of the goodwill of their hearts. This is because it is an insulation, an inoculation against, you know, future lawsuits. And the second reason is potentially more distressing for verizon. If there was theft of intellectual property from yahoo , which yahoo is not required to disclose, that is a big deal. Verizon is buying the user base and the advertising technology, the advertising clients that yahoo has for their banner ads. Both of those things take a serious hit. Oliver one european ecommerce website is struggling to keep up with amazon. Carol that is not stopping them from trying. This company is a german they wanted it to be like zappos. Remember them from a few years ago that amazon ultimately bought . The shoe retailer. They started as that but moved very heavily into fashion, and they have done a really good job here. They have got 6 of the market across europe, i believe. The problem is they have amazon in the Rearview Mirror and it does not look pretty. Amazon moved up to 5. 7 . Just behind them. They are both behind one slightly larger player, but it is kind of an older mail order house. They will get ahead of auto and the next couple quarters. Carol is it high fashion . For those of us not familiar with this Online Fashion site. It is highish fashion. It is the kind of you know, they have got nice stuff but not super highend. It is not one of the luxury houses. They have good stuff. They tend to have more uptodate fashion than amazon. One thing that we have got a report from bernstein that talks about the relative, kind of penetration of the brands they , have got. Have gotsee that they Something Like half of the top 20 fashion brands in the u. K. , whereas amazon has about four of them. Also, it has quite a bit more uptodate stuff. Amazon, most of their stuff or a lot of their stuff tends to be kind of last season things so they discount it. They look more like a discounter. The lender looks more like a full price store. Carol when i think about amazon, i think about a lot of things, but i dont think about but is that ash, new area they are going into . They are definitely trying to get there. The head of amazons fashion push in europe, who just moved from seattle to london, she tells us she was meeting with the ceo of hugo boss, trying to help them sort through whittling sort through the way they are windowing the brands. They are trying to move upscale. They say they dont want to be the place you go for cheap fashion online. They are trying to be a place where you go for trendy stuff. They hired some models and booked an italian blogger. Some american socialite who is in ads with her dog. They are trying to become hip and cool. Not just the place to go for cheap. Carol amazon is nipping at their heels over in europe. Zalando, i assume, is not taking this lying down. Not at all. No, they have kind of worked on shoring up their relations with the companies that they have god, that they have got a lot , of the brands they have been working on for several years. They are kind of improving the quality of their photos on their website to increase the appeal of the merchandise they have got. Carol popkin why one company , thinks its robot babies will prevent teen pregnancy. Oliver this is bloomberg. Carol welcome back to Bloomberg Businessweek. Im carol massar. Oliver and i am oliver renick. You can catch us on the radio on sirius xm channel 119. And on a. M. 1130 in new york. 1200 in boston. 991 in washington, d. C. And a. M. 960 in the bay area. Carol in london and in asia on the Bloomberg Radio plus app. Oliver in the Good Business section, a company in wisconsin says its, 700 robotic baby can teach kids not to be pregnant. Carol pot but a medical journal disagrees. Here is our reporter. They focus on reality works. It is a private company in wisconsin. They make these robotic infant simulators. They invented them in 1992, and it has become a staple of American Education there. The problem for the company came in august when this prominent british medical journal put out a study that showed they surveyed girls in australia that had taken these babies home as part of their teen pregnancy prevention curriculum, and they found that the girls who took the babys home, as opposed to those who did not, they actually were twice as likely to get pregnant. For the company, that sent them into turmoil. There were negative headlines around the world and the media really grabbed onto that. Part of the idea of these babies is they will freak kids out eventually into becoming parents. They will not become parents after taking this baby home because it is so exhausting. For the study to show the exact opposite really posed a very real threat to their bottom line. Carol first of all, for those that might not know about these robotic babies i was shocked to find out they were in two thirds of schools, which kind of blew my mind. How do they work . You tagged along with one student who was babysitting, if you will. I did. So the babies, you know, it kind of looks as real as it can, like a newborn baby. It weighs seven pounds. It comes in a variety of skin tones. These babies, they cry, they need to have their diapers changed, they need to be fed. It has a network of sensors, so it is a very technologically advanced item. I went to south dakota and followed a long with a 15yearold girl and she went to , Rapid City Central High School and had to take the baby home for her child developing class. That was the assignment for the weekend. I just hung out with her as she went about her daily life. We went to her grandfathers house for dinner. We went to walmart for Christmas Shopping because it was just this month. Just a little while ago. She just had to take care of this baby as if it were a newborn baby. The cries are actual recordings of real babies. It is time to real infant schedules. The company tries to make it as realistic as possible. Carol when the baby cries or needs a diaper change, they have to respond and actually do something with the baby. All that information goes back to the school. Exactly. The students, and it is not just girls, by the way. I followed along with a girl because it was the most relevant to the story because we are talking about teen pregnancy, but the boys do it, as well. The student wears a bracelet. They cannot take it off for the whole weekend. It has a sensor in it. So they have two minutes if the baby starts crying. If you are in the middle of walmart shopping, you have to stop what you are doing. You have to swipe your bracelet over the babys stomach and let them know you are responding. You have to figure out what it needs. Does it just me to be held . Does it need to be fed. Sometimes the baby needs to be rocked like a real baby. There is no desire for anything other than that the babies are. Very technologically advanced. They store all the data in their bodies, in their Circuit Boards , and at the end of the weekend, the teacher downloads the data to assess how a student did. Carol Bloomberg Businessweek is available on newsstands now. Oliver and also online. What is your favorite story . Caroline i really liked the story we just heard about robot babies. They are made by a Company Called reality works. I had no idea about the company. They pretty much on the market and these robotic babies are about twothirds of the School Districts in the country. The whole idea is hoping to prevent teenage pregnancy. A study came out saying, maybe not so fast. They are not working. The company is fighting back. I found out a lot about the company. Oliver i liked the goldman story because i think it is one , of the most interesting stories of the year surrounding the election. You obviously have very vocal support for secretary clinton from goldman but then donald trump has their stocks popping. I think it will be interesting story. No matter what happens, they always seem to come out on top. More Bloomberg Television starts right now. Caroline this is best of bloomberg technology. We bring you our top interviews from this week in tech. Coming up apple and ireland wage , war on the european union. It is over a tax bill. Plus, blackberry doubles down on software, and the move is paying off. We dig into the struggling companys latest report of the ceo. And online lender sofi taking it slow after a rough year and pushing back plans for an ipo