Captioning sponsored by Comedy Central cheers and applause stephen welcome to the colbert report thank you for joining us. cheers and applause audience chanting stephen thank you so much for joining us, everybody nation, i dont mean to be a broken mp3 file, but i gotta say it again, barack obama doesnt have the right stuff to be president. And im beginning to think he agrees because hes started doing something worse than destroying america. Hes slacking off at destroying america. This week president obama refusing to go to the u. S. Mexican border. Guess where the president is planning to go . On vacation. News today that obama will head back to ritzy Marthas Vineyard next month. President obama spent three days avoiding a visit to the border while playing pool, sipping beers and raising lots of money. Make up, america. We elected a president whod rather play pool and drink beer in colorado than address the american crisis developing at our border. Stephen yes, while america burns, pre
And this week on the communicators we talk to members of congress about the legislation they are proposing. First up senator al franken. Senator senator al franken, you hailed a failure of the comcasttime warner merger as a win for consumers. Why . Guest because i firmly believe if comcast were allowed to buy time warner they would have been to go big anticompetitive, led to higher prices for consumers, less choice and if it is even possible they would surface. Host is it because of the size . Guest the size and parts of different markets. They have 30 of cable between them and 57 of internet broadband, highspeed internet broadband, that is just too big. I had a lot of content providers, networks come to me and say they were opposed to this deal but this gives you some idea of what happens when you get this big, they were afraid to say so to be public because they feared retrobution. Host did comcast come to you and try to influence your opinion guest they did not. I have been against
I dont think if it was, i would have said so. I think as pressure is brought to bear on that group, we will increasingly seek to leave. Our estimates that are half of south africas white middle classes have Foreign Residents rights if they choose to exercise those rights. You say why are we there. Every individual will have to talk for themselves, but certainly i think my colleagues and many others want it to be a success and want to be an influence in allowing it to be successful because while its turning against us, those upside scenarios remain within reach for south africa and were not going to die wondering what would have happened had we as a think tank not committed every resource we possibly had to reform. If its going to go down then its going to go down in a fact. And unfortunately the trends are starting to turn against us. The gentleman im pointing at. Thank you. Im piter justin, the ceo of a Company Called five plus. We focus on growing entrepreneurship economies. Im curio
Forgive me for turning this into a lightning round. But general clark we talked , about systemic financial risk. I wish we had five minutes to devote to this. Were basically out of time, but you talked about a book you wrote that discuss this and maybe you can give us the kind of elevator version of it. Gen. Clark dont wait for the next war. We create an awful lot of debt in the Financial System and we havent addresses the systemic issue. Still hundreds of trillions of dollars of derivatives based on Interest Rate and if you ask the inside banking crowd, when are we going really raise Interest Rates . When are we going to get away from quantitative easing . The answer is never. And its only a matter of time before some smart young Hedge Fund Guy says, you know what . This debt is not sustainable and will spread like wildfire through the Financial Community and well be back in some trouble again. We have to take our Financial Resources and invest in real projects. We need petrochemical
Stretch because that is a very political kind of thing. There is, however, a prize offered by the foundation for machines computing. It has now gone global. There is a chinese indian, the european council. I am former president of that organization. I am still serving in that role until the middle of 2016. The prize is called the tur touring award. That prize is 1 million. It is funded by google. We are proud to offer that through acm every year. I did get that price, along with bob, in 2004. So i feel more than adequately compensated. It was not 1 million back then, and they are doing it retroactively. [applause] i asked, but that didnt work. It is a coveted and very high recognition of contribution to the Computer Science community. I think that is more than enough. John hughes how about a pound of applause for our speaker . [applause] i would also like to thank National Press club staff including its realism institute and broadcast center, for organizing todays event. Remember, if y