Christmas break. Investors taking a step back following those recent gains. And well be getting the inside track on the latest trend in eating out. Would you go to a strangers house for a home cooked meal . Well, our guest has turned that idea into a business. Just use the hashtag bbcbizlive. Apple deliberately saying they slow down old phones when it comes to updating software. What do you reckon . Letters no. Let us know. Hello and welcome to business live. We start in the spanish region of catalonia where voters are going to the polls today to pick a new parliament. The elections were called after octobers referendum which saw a vote in favour of independence, plunging the country into a constitutional crisis. Catalonia is barely more than 6 of spains territory. But it accounts for around a fifht of the spanish economy and almost a quarter of exports as well as 16 of the population. Last week the bank of spain cut its National Economic growth forecast for next year from 2. 5 to 2. 4
I think what is different today is coming out the crisis, what youve seen banks do, is go back to their basics or go back to the areas they believe they have a competitive advantage. And that competitive advantages oftentimes steeped in scale. When we think of scale and whether scales in markets or Business Bank its or many business. Todays age of Slower Growth and more regulation, if you dont have scale, the odds are you cant buy it. You are not seeing big banks get bigger through acquisition. You have to build it. Slower growth, its tougher to do. ,hat weve seen is the industry in many ways, pull back to areas of strengths. Youve ended up with very different Business Models, which in itself are far more resilient. We can use different examples of firms out there in terms of how they change. Examples, cities as we are not an insurance company. We are not an asset manager. Were not a hedge fund. We are not any of those things. Were simply a bank. Thats the scale that we have pulled bac
There is no way to turn this clock back. I dont want to turn it back. We need to recognize inherent in each virtue, and i summarized them on the side, is the risk. To the degree that i concentrate or communicate or take people out of the loop, et cetera, to the degree i buy the benefits of this technology and each and everyone of those steps i introduced security consequences that are, give risk, give rise to greater risk, the virtue of the system is intertwined with its limitation, its liabilities and its risk. That is fundamental. It is not just that the complexity of the system gives me these problems. One reason Technology Fixes just dont get me there, every time i buy more security i tend to do so in ways that are involving sacrifice of virtues. I want to spend a minute having talked about software to say a little bit about hardware because the hardware insecurities are quite, quite real as well. Youre aware of that. Easy example i can give is just people tend to think about suppl
Paul. Reporter sarah and lauer remarks timothy cox and john and davis admit they were in a car with the wrong tags but theyng t didnt deserve what happened des when a uer. S. Park police park o officer pulled them over early monday morning. Davis says he was tasered more than once while handcuffed. They were both charged with assault on Police Officer charges which were droppedweropp later. Late do not touch my gun. Toh my i did not mean to touch touch your gun. Ur reporter this is ther ts is scene after a u. S. Park policea officer tried to arrest johnrren davis for driving without adrin permit and having the wronging g tags on his car. Officers said davis boyfriendoy timothy cox on the floormoy co inside his sisters houses h bloodied and in handcuffsn andcs after police say he threw two tr hula hoops and a cooler at them. In return, cox says an officernf hit him in the head with a metal object. Obj four or five times until iun guess it bust and then when bus you saw the blood and i g
Is a crack. Go this mission was founded in 1786 but the Church Structure has been rebuilt several times over the years. The current one that we occupy was rebuilt after the 1820s so it dates back for the 1830s. It was the frontier for them in this case california frontier especially in the 18th century of the incursion by other european powers, english, french and russian bath just the territories that of new spain so with the system working hand in hand with the stylish but they were part of that arm of Spanish Colonialism but had another purpose first and foremost they were here to spread christianity to the non christian population in california. Santa barbara is special in several ways but first and foremost its the only mission that wasnt closed that wasnt secular. Its been here operating as a Catholic Church since its founding so since they were closed, much of the content of the missions, the documents of the books, the art and artifacts ended up coming back to the mission and f