Good luck. Guest thank you. Next eric or nelson and andrew mcabee talk about the technical advancements taking over our lives and our economy and suggest ways to harness those advancements to benefit society. The conversatconversat ion is about one hour. Good evening. Welcome to todays meeting of the Commonwealth Club of california the place where you are in the know. You can find the Commonwealth Club on the internet at Common Wealth club. Org. I am Andrew Leonard from salon. Com your moderator for this evenings program. To my left is eric or nielsen and Andrew Mcafee who are business researchers at the m. I. T. Sloan school of management. Eric is the director of the m. I. T. Center for and enters the principle for research science. The two men made a name for themselves a couple of years ago with eric selfpublished book race against the machine which coalesced some emerging nervousness about the fact that automation is beginning to replace jobs at higher and higher levels. They follo
Like cal ripken on or off the field. Good morning, everyone. This is Market Makers. Proud to announce, yesterday, i was one of the four hundred 32 people this year to buy a new blackberry. Have a lot to talk about. With the keyboard. Two devices, still. But we have a big guest coming up. We do, indeed. Steve schwarzman is here, chairman and ceo, cofounder of twoblackstone group, almost hundred 50 billion, investing in everything from legoland theme parks to duncan hines cake mixes and rental housing in nevada, he just had one heck of a week. 1 billion more raised in secondary offerings. Thank you for coming. Good to be here. We will talk about that, but i want to begin where every good interview start, with a clip from the daily show. Lack stone, which doesnt sound like an evil wizards castle, but is actually a private equity firm, so same deal blackstone, which sound like an evil wizards castle, but is actually a private equity firm, so same deal. [laughter] pr can be hazardous to bus
Stocks, a great way to get some return on their money. Boeing approving a Share Buyback repurchase program showing confidence in the Company Coupled with a dividend raise of nearly 50 , so that is a big deal as well. They really are indeed bucking the trend area did back to you. Lori check the calendar. One week left until christmas. Turning to their smart phones. Discount luxury retailer is taking the world by storm with mobile with mmre than 40 of its revenue generated solely by mobile sales. Joining us, michelle, good to see you again. Congratulations i really strong holiday so far. Thanksgiving sales driving revenue more than last year. Black friday up 60 in revenue over last year. The big trend you are seeing is mobile. A lot of steps pointed to profitability hopefully very soon. We have crossed the threshold and are Profitable Company. We make sure we find something exciting and fresh for you every single day, we bring tremendous value so you look more generous than you actually
Done in nine days, and i was assured they can do the same this time. It doesnt look to be contentious. Both committees, house and senate, trying to keep it as a noncontroversial thing, coming to the end of the session here, so they need to move quickly. Will they will able to do it before the end of the year . Absolutely. We thank you for your time. My pleasure. Panelists supported the use of tbil buster stating its a powerful tool frequently use the by both parties to block or delay . As action on a bill. This is about an hour and 15 minutes. We, of course, welcome on each occasion those who join us on the heritage. Org website, and we ask everyone in house to check cell phones are off as a curtesy to the speakers, and we will, of course, post the Program Within 24 hours on the heritage home page. Those listening online are welcome at any time to send comments or questioning us, email us, and hosting the discussion this afternoon is mike frank, the Vice President for government studie
Entitlements. So many of the business leaders, if you do not want to go over the fiscal cliff . Fiscal cliff, they want it to be a stage set for tax reform. Thank you for being on newsmakers. [captioning performed by national captioning institute] [captions Copyright National cable satellite corp. 2012] watched mary kay henry, the Service Employees and National Union president today again at 6 00 p. M. On youcspan. General, what if the soviets soviet Union Announced tomorrow that if we attack cuba there will be nuclear war . That is a serious thing. Were going to be uneasy. Something may make these people shoot it off. I would want to keep my own people very alert. [laughter] it is a fascinating moment. It is amazing that eisenhower tells him to have his people alert, because everyone is completely on edge. Kennedy last, and then he says, hang on tight, which is a nice moment that even on this terribly tense day, theyre able to joke a little bit with each other. Especially during this