Host what is facebook trying to do and why . Guest the simple answer is that they are trying to create a Digital Currency that people can use across borders and a Digital Currency means not necessarily a theirment currency, but own private currency that people can use and ship to one another in different parts of the world. The reason why they are doing this is a little bit complex ause no one knows exactly they have explicitly said that they want to, and i am reading this because i think it is useful for the listeners to hear, to enable a simple, global currency and financial infrastructure that empowers billions of people. There are some financial motives as well. Host as far as the current system, what would facebooks plan do that others do not . Is planning to create this look currency and by doing so, have established a consortium of different kinds of larger, Global Technology companies and a couple of nonprofits. The global currency is called the libra currency and the consortiu
[inaudible conversations] the hearing 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 Federal
New report. And a Health Policy reporter for Bloomberg News on rising levels of vaping and ecigarette use among teenagers. Host it is the washington journal for august second. We want to hear from those of whomurrently undecided on you will vote for in 2020. Specifically, we want to hear about what is the most important issue you will consider when choosing a candidate you will support. May be, perhaps immigration or another issue entirely that has you concerned when making the choice of who you will vote for. For undecided voters only, here is how you can let us know your most important issue. 2027488001 for republicans. 2027488000 for democrats. And independents, 2027488002. If you want to post on our twitter feed, you can do so at cspanwj and you can also do so on our Facebook Page at facebook. Com cspan. It real clear politics through ir opinion did an opinion a poll looking at issues the topor those was Health Care Immigration at 11 and making a tie for education and the environme
What you do. Health and wellbeing of the people they serve. We do oversight and enforcement of the programs of the health and Human Services department. Host you turned your attention to the topic of hospice. What were you looking to find out . Health and safety of Medicare Beneficiaries is one of our top priorities. They are a vulnerable population. We looked into information about deficiencies being cited to quality of care and patient harm. Host what did you find looking into this . Guest our report shed light on how common it is for hospice providers to be cited with efficiency with the quality of care they are providing and in some case very serious deficiencies. We uncovered gaps in Patient Protection. We issued a call to the Medicare Program by the centers for medicare and Medicaid Services to help fix these problems. Host what were the worst Case Scenarios with the deficiencies when your department looked into this . Guest we did identify some worstCase Scenarios where patients
1 . 2. 1 . Ericsson right now is down more than 10 . It as well giving a sober picture of asia, saying that it may be a little bit too optimistic on profitability 2020. S for back to the main story in the United States, bank of america with record secondquarter earnings on the Interest Income despite a beat on trading revenues. Bank of america following peers lower. Here with more is the gentleman owner and finance reporter. Stocks are up, clearly not disappointing too much, but a net interest margin. The stock is up i think because the trading results are good. Fixed income trading revenue is unchanged from a quarter of the year ago and that is surprising because all of the other banks that have reported, the big banks including goldman, they had sizable declines in fixed income trading. Bank of america held on to its revenue and thats a good sign. Equities is down but sort of almost everybodys was down. So that matters just as much for these big banks in the u. S. Is what happens on