Free cspan radio app. Earlier today facebooks david marcus testified before the Senate Banking committee to address concerns over the companys proposed Digital Currency. This is 2 hours and 20 minutes. This hearing will come to order. Today we will receive testimony from david marcus, head of libra at facebook. On may 9, senator brown and i sent a letter to facebook shortly after it was reported that the company was recruiting Financial Institutions and online merchants to help launch a cryptocurrency based Payment System using its social network. Our letter asked facebook for more information about how the system would work. Its access to and use of Consumer Financial information, and facebooks access to and use of information on individuals or groups of individuals in credit, insure, employment or housing. I appreciate facebooks response last week. Shortly after the letter was sent, facebook formally announce ds its intention to launch the Payment System libra and issued a white pape
Congresswoman on twitter again trump denies hes a racist and u. S. Senator slammed facebooks plan to introduce its own cryptocurrency. Call the company delusional and say that it cant be trusted after scandals over privacy and data protection. Im sorry kelly welcome to the Program Members of the European Parliament have made history by electing the 1st woman as Commission President germanys outgoing defense minister ursula found alive one lawmakers backing to take the role shes promised to quote united and strong europe saying that she would work constructively and pragmatically to achieve it she will succeed in the top job after being voted by a narrow majority. Uncertainty until the very last minute. The members of the European Parliament knew the vote on the next Commission President was going to be close but not even the candidate herself. On the line thought it was going to be that close. Vote the 5 votes in favor of the sure 383. Things are on the line secured the majority but ju
On the part of all parties private sector Public Sector International Organizations and the parties on the ground and their neighbors the i. M. F. Expects the Palestinian Economy to think by 1. 6 percent this year and says unemployment stands at 30 percent in the occupied west bank and 50 percent in gaza but the palestinian leadership has rejected the plan and was absent in manama it hasnt had any contact with the u. S. Administration since President Donald Trump recognized jerusalem as israels capital a Senior Palestinian official says the whole basis of economic plan is built on the wrong assumptions the most basic ones is that the arabs can deliver palestine the palestinians or that the arabs can sign on behalf of the palestinians or. The arabs will even foot the bill. But of this. Or that the palestinians will substitute freedom and dignity and selfdetermination for a fistful of dollars. People in gaza and the west bank have been protesting against it many wondered if there will be
World banking for example these are nonprofit organizations that have been put in a structure with the same governance the same authorities and the same vote as as all of the other organizations including the Largest Companies in that mix and thats just the beginning by the time the currency launches will have about 100 organizations and then this this whole ecosystem will continue to develop im going to go to your im going to say you did more good long my original question which was there was an explosion goes by that i havent pool the money if you do so so there is a thank you for bringing that up again so if the libra libra as an organization as an association is new were in the midst of setting up a charter that would be governed as i had mentioned before among very democratic process with the organizations that are a part of it and because its a reserved backed critz cryptocurrency or Digital Currency 1. 00 to 1. 00 you could envision black swan scenario in which any to. Type of c
Towards manila though it is going to be rainy with a temperature of 28. 00 now here across india the monsoon has been catching up a little bit particular up here towards the north where it is making its way towards the west but here on our forecast map on friday not seeing too much in terms of rain were going to take a little bit of a break in the rain and the temperatures though are going to be on the way up again so for new delhi expect to see attempts to 42 rising to 43 by the time we get towards saturday and then down here across much of the southwestern coast very heavy rain we have been seeing about 150. 00 to 200. 00 millimeters of rain on a daily average and that is going to continue as we go towards saturday and then here across parts of the gulf it is going to be quite warm and dry as well though here on friday at 44 and abu dhabi at 40. 1 hours the biggest step in the month cressida take a activists in seats of government we didnt want to be part of this institution and all