Our second panel is chris brummer, Research Professor director, institute of economic law, and University Law center. Our second witnesses katerina pastore, and columbia law school. Gendler who is professor of the practice of Global Economics and manager. Mit sloan school of management Senior Advisor to the director, Mit Media Lab and codirector of. The next witness will be robert wiseman, president , public citizen, and the final witness will be chief Strategy Officers. Welcome to all of you. Without objection, your written statements will be made part of the record. Each of you will have five minutes to summarize your testimony and with one minute remaining a yellow light will appear. At that time i will ask that you wrap up your testimony so that we can be respectful of both witnesses and Committee Members times. You are recognized for five minutes to present your testimony. Thank you so much. Members of the committee, thank you for inviting me to testify. Im here in my academic cap
We have a Good Opportunity if we enable more people to participate to offer services that can generate revenue. This is supposed to be a Nonprofit Organization, is in the . Im talking about the calibra wallop which will directly impact facebook. Is it going to be a nonprofit . No, calibra is a forprofit entity and the entity that will dold the wallet that will be offered to facebook consumers. Is Digital Currency illegal in some parts of the world quick skinny touch on that . Gets congressman there are an number of countries that prohibit buying selling or using Digital Currencies. I also want to mention privacy violation concerns things that americans have been concerned with. The american consumer, do they trust facebook and do they feel comfortable with your company . Congressman i believe we have a lot of work to do to earn Peoples Trust and we have two definitely make though strong commitments when it comes to privacy and make good on those commitments for long periods of time. I
Captioning performed by vitac many have expressed concern that facebook could outcompete banks and nondepository Financial Institutions and become some sort of Financial Services monopoly. I understand facebook has demonstrated a dominance in the social media space but i want to better understand this Financial Services monopoly idea. The Libra Association is made up of 28 pounding members, more to come, many of which have played in the Payment Processing space for a long time. Some of these firms are very large, visa and mastercard have billions of cardholders and process trillions of dollars worth of transactions. Some have argued that this association is a thinly veiled attempt at facebook eventually attempting to create a bank. It may or may not be, but i am more reminded of another Payment Innovation that started in the 1950s and 1960s as associations of likeminded companies, the Bank Card Payment networks. Banks issued their own cards, but banded together as Regional Bank card as
The platform of the childrens railway, it does not carry passengers at all, but teenagers manage everything and work here. Tell me who you dreamed of and become when you grow up always dreamed of becoming a journalist and you see my dream came true. And you, well, my dream also came true, but about the childrens railway, which is actually its not really entertainment at all. We ll talk more today. In the meantime, a little about the transceiver that connects the european and asian parts of our vast country, trains traveled along the highway 120 years ago, but construction continued for many more years and ended with the opening of a bridge across the amur. At that moment it was the Longest Railway bridge in eurasia 2 km. It is now called the amur miracle. This is one of the Main Attractions of the country. Well , a real monument of engineering, everyone who travels along the Transsiberian Railway is waiting for his appearance in the window trains. What else is possible . Did edmond zhi
Come on, i think youll have a great fit, these trousers will be a little long for you, it seems to me, and they re a little out of your size, lets take off the measurement and see what we can do for you with the trousers, so the length, well, its a waist , talya, were phoning, yeah, step shock, yeah, everything is clear, you know, i think it will take a long time to sew trousers, but it seems to me that we already have readymade ones in our warehouse, maybe you can wait a minute, and ill bring them now, she showed that i am such a housewife, i can make cutlets, i sew jackets, i sew these roses. Like this is who i am im a master at warming up dudey oh i think the surprise will be unexpected you look how we look oh look how it should be so it suits you lets get married oh beautiful thank you sit down thank you girls thank you take the flowers and go into the room. Yes, natalya, what can you say about olga, cutlets with brinami are simply magical, very tasty, charming, olga, charming, gen