[gavel] this meeting will come to order. 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 shortly after it was reported that company was recruiting Financial Institutions and online merchants to launch a cryptocurrency based Payment System using a social network. We asked space bar for more information how the system would work, access and use of Consumer Financial information and facebooks access to use of information on individuals or group of individuals for credit or insurance or housing i appreciate facebooks response last week. Shortly after the letter was sent facebook formally announced its intention to launch the Payment System libra and issued a white paper providing information on the project. Since then us and Global Regulators have taken notice including the Federal Reserve, reserve, Uk Financial Conduct Authority and a stability board, g7 and others for the last week during the Fede
Eating breakfast, but its time to get started. Feel free to continue eating. Breakfast is important, but welcome to the Nations Capital. Were very pleased to welcome you to d. C. And to the academys annual meeting and Public Policy forum. Id like to extend a special welcome to our firsttime attendees and particularly to new academy members. We hope that all of you will find our program over the next day and a half informative and stimulating. I would encourage you to take some time to connect with each other and interact with our speakers, so you get the very best and the very most you can out of our time together here. Were very proud to offer a tremendous lineup of speakers. They represent a wide range and deep range of Public Policy issues and professionalism issues. What better place to do this than the Nations Capital . And just days before a national electi election. Was halloween recently. I hope we were all scared a little bit in a positive and lifeaffirming way. Many of us fin
Guest thats how its being referred to now in copyright circles. It is really, its become a ridiculous, absurd system. Service providers spend a lot of money on dealing with these notices and from the author perspective dont actually achieve getting anything taken down. So we are asking for a number of change to that part of the statute. Were also looking at collective licenses for books so that libraries can access copies of books and actually pay for them instead of having libraries and the googles saying, oh, we cant possibly license all these books, so it has to be fair use. That takes away a lot of income, ultimately, out of the market and from authors. So those are the big ones, but there are a bunch of issues. Host when you look at where we are in publishing in 2016, has there ever been another period in history where this revolution is happening like it is now . Well, when the yeah. I mean, when the beginning of publishing. It was a huge change in terms of the written word. It w
Said what if nobody comes so its nice of you all to come out. I know that some of you are here to talk about the book but the reality is we are fortunate to have with us two friends of mine, it will be more interesting and probably more fascinating to many of you, Jacob Weisberg who many of you may know as the chairman of the slate group, longtime journalist recently published a book on Ronald Reagan that i cant recommend highly enough, particularly in todays political environment and malcolm gladwell, a writer for the new yorker and a very insightful nonfiction bestseller so we talk a little bit tonight about my new book, the seven cents and one of the things that were going to get him very quickly is one of the big ideas in the seven cents is the idea that theres so many questions to answer that this model of us talking to you is not entirely the light model so we will do that but we also want to open it up for questions and debate and i hope people will talk about the guys that are
Theyve held long, strongheld views, i think their war against dissent and desire to control has never been answer intense as they are today. Theres something fundamentally different and new. Youwalk this and other programs online at booktv. Org. Next, Joshua Cooper ramos coceo of Kissinger Associates talks about this book the seven inflame the seventh sense. [inaudible conversations] hello. Thank you, everybody, for coming. This is great. As a writer for most of the last two months ive been getting up eave morning saying to my wife, what if nobody reads the book . I woke up this morning, what if nobody comes . So its very nice to come out. And some of you are hear to talk about the buick but the realityes wire fortunate to have two friends of mine who i think will be more interesting and probably more fascinating than many of you. Jacob weisberg is a longtime journalist, published a book on Ronald Reagan i cant recommend highly enough, and mall gladwell, a writer and humorist. Nonficti