crash. as you know google losing more than 9% off it s market cap yesterday. the disappointing numbers coming out hours ahead of schedule. google is blaming the misfire on an unauthorized filing by r.r. donnelly. they re also admitting some fault on this one as well with the ceo saying that human error is to blame for this report going out early. i wonder if it s normal for the print tore have a draft release so early in the day anyway. it would have been less important if the numbers had been more in line. some of the currency head winds seems to be that google s investment is causing a near term squeeze. cost per click, how much money does google get per average. turns out they don t monetize as good as desk top. then there is the nexus 7 tablet which google is selling starting at $199. it s open about the fact that it s not making any money on just telling the tablet. finally there is motorola, a half billion dollar operating loss in that division was not just the phon
coming up on c-span2, presentation of booktv. first a discussion with the end of money author, david wolman. next, a discussion discussion on david wolman s book, the end of money. a contributing editor at wired magazine considers the possibility that cash will disappear when he takes on a year-long quest to live without physical money. this event from the harvard store in cambridge massachusetts is an hour. [applause] thank you all for being here. to delve into this conversation about money, i thought it might be helpful to tell you a little bit about all of the people who have with me right now and this idea that cash might be gone someday. i think this is a helpful way to touch on some of the themes that i was going to introduce in the book and then after a short reading we can do some q&a. okay, so the angry people. what happened to me for five years ago is, i, like many people getting interested in the cost of manufacturing pennies and nickels, but some which
cash. he s busting at the seams. look at that. look at those jobs. they would envy those shops. look at them. something to behold. but behind their appearances was a financial practice. this man sold on credit and might earn a little money to be paid back in the future to his customers of the grocery store and in return would have these iou s that pile up. on the other hand, you have a gentleman that only sells for cash. and look at him, the flower filled with money and possibly sushi. i want you to look at this picture not just for the fashion of course, but to understand the mirror image of what we thought today the office logic. the skinny man would write your name on the ledger and he had to land. she had to lend to his customers to keep them coming back but he wouldn t make the money doing it. he might have charged a little extra of a credit crisis but it wasn t profitable. it wasn t something that he wanted to do it was something that he had to do. it was a bad business
physical money. there s this great study that i discussed in the book by these researchers at the university of minnesota and i will tell you about it just briefly. they split their subject into two separate groups and this half of the room they asked people to count out just rectangular slips of paper, maybe in the same dimension of bank notes let s say. no artistry or no images or whatever. this site has regular cash. it s not even your own money. they are just touching the stuff and then they asked both people to put their hands in a tub of hot water and report back to the researchers how hot they think it is and how much pain they are experiencing. and tuesdays fiscally different margin according to the editors of science, the group that just handled the cash, they are somehow immune to the temperature in and the pain because they said it s not that hot and it does not hurt that much so in the way those of us who were kind of cashless future and busiest, these were the hu