Finance over the past decade global dead has ballooned by more than 70 trillion dollars which again has been driven by both governments and corporations so christine lets break this down here because were talking about a global debt that is really equivalent to 320 percent again these numbers are so hard to even fathom 320 percent of global Gross Domestic Product how is that sustainable on any level is not sustainable and thats why this rising debt level that has absolutely no signs of slowing down has been flagged by economists as one of the biggest risks for the economy and probably the next breaking point and right now as you point out this is a combination of both Government Debt public that as well as private debt and the private debt its even more concerning even though Government Debt thats the most attention private nonfinancial day in the u. S. Is at 27 trillion versus public debt is at 19 trillion and the reason why private debt is so much more dangerous is because its more p
Can afford our food. This is a really exciting day for Affordable Housing. Reporter heres how apple will divide the 2. 5 billion. 1 billion going into an Affordable Housing Investment Fund in california. A billion for Housing Assistance for first time buyers. 300 million will be apple owned property for construction of housing. 150 million will help Housing Trust Silicon Valley. And 50 million will support the homeless. The homeless problem is a big deal around here. We have programs in place. Reporter he plays apple money will go to work. Were Funding Service providers to offer Homelessness Prevention services but were not doing it to scale. We have almost 10,000 people on the streets in santa clara county. This impacts so many of us. Scott joins us now near an development being built for low and middle income. Apple and google, facebook also getting involved in this. Is this a proactive move to avoid government regulation or pressure here. Reporter i think a Proactive Movement and i
Clocks. The 1st smoko to the euro max you tube channel. Closed goldmine of story. With exclusive insights. And a must see concerning startup culture keep your a. Place to be curious minds. Do it yourself networkers looks so subscribe dont miss out on. Reaching for help but in a time of changing reality you have chrysler and other great the worlds 4th largest automaker to confront big shifts in the future of mobility also coming up tanzania farmers try swapping their crops with manila to cash in on astronomical market prices but its not any. Easy switch and dressing up yourself just is not enough americans go on the hunt for the best following. Providing it to retailers. Because the program as the automotive world is going through a profound changes some of the biggest names in the business are taking the carpool lane if you have chrysler and p. S. A. Peugeot have confirmed they intend to merge a tie up worth 50000000000. 00 which would create the 4th largest automaker in the world the
A boon to. The program as the automotive world is going through profound changes the response of some of the biggest name in the business is take the car pool if you have chrysler and p. As a pushover have confirmed they intend to merge a tie up worth 50000000000. 00 which would create the worlds 4th largest automaker the move comes as car makers grapple with a downturn in demand of pricey investments in electric and soft driving vehicles. The future looks bleak for the internal Combustion Engine car makers worry about getting left behind. Chrysler has failed to invest in new technologies such as all thomas driving and electric power thats why its been looking for a partner for a long time. Enter. The French Company has plenty of modern technology but its completely absent from the north American Market together they could become a dream team. The french government itself a shareholder and peugeot has already given the green light and this is good news this is good news for you because
Bitcoin billionaires. I know. He got really sick this morning and just absolutely couldnt make it so we will talk a little bit about his book just for those of you who are wondering. [applause] we are going to leadtime at the end for audience q a as well so please be thinking about your questions for mike. We would love to have an interactive conversation with you. Let me just start, actually im going to start by saying a couple of words about bens book before we dive into mike in his book. For any of you that havent checked it out yet its called bitcoin billionaires and its the story of the winkle lost twins. [applause] you may remember them from the facebook story. They were the two brothers at harvard who actually hired Mark Zuckerberg to help them build out their social Network Platform at harvard. Mark was a Software Developer and coder and engineer who helped them build their platform but then he actually ended up spending away from them and creating his own platform so they made