Five years, and why the company is setting such an ambitious target in the middle of a media firestorm. But first to our top story. Facebooks plans to create its own cryptocurrency, libra, is not getting love from lawmakers. And you can add fed chair Jerome Powell to the list. Take a listen to what he told the House Financial Services committee on wednesday. While the project sponsors Public Benefits including improved Financial Access for consumers, libra raises many serious concerns regarding privacy, money laundering, Consumer Protection and financial stability. These are concerns that should be thoroughly and publicly addressed before proceeding. Facebook has a couple billion plus users so you have for the first time the possibility of a very broad adoption. If there were problems there associated with money laundering, terrorist financing, any of the things that we are all focused on, including the company, they would rise to systemically important levels just because of the mere
Cover story, it is a powerful one. Bloomberg businessweeks editor joel weber is here. What a fascinating read. It was not what we were expecting. Joel no, this was the culmination of a yearlong project, with a writer who was going to travel around the world and wanted to come to us with something special. So we could space around best week kicked this so we wanted to come up with an amazing idea to hear from laborers, workingclass people who most of us would never hear from. Carol what is fascinating is that it is a global story that took a lot of time and a lot of reporters and translators. so basically, as she went around the world, she would look for people that she thought would embody the spirit of the local community. The beauty of this work is that it captures their voice. We hear from them directly in their voice. Sir is not reporting in the traditional sense, it is more a told to, being told to the mark and you get to hear from people working in amazon factories in europe as a
Broadband be a polluted night sky . We will take a look at an emerging debris problem. To our top story, facebook plans to create its own crypto muchncy, libra not getting love from u. S. Lawmakers, in fact, getting skewered. You can now add fed chair Jerome Powell to that list. Take a listen to what he told the Financial Committee earlier. While the project libra raises many serious concerns regarding privacy, Money Laundering, Consumer Protection and financial stability. These are concerns that should be thoroughly and publicly addressed. Facebook has a couple billion plus users. You are looking at the possibility of a very broad adoption and if there were problems, they are associated with Money Laundering, tariffs financing, any of the things we were focused on including the company, they would arise to systemically important levels because of the size of the facebook network. I think it cannot go forward without there being brought broad satisfaction with the way the company has a
Employees globally over the next five years, and why the company is setting such an ambitious target in the middle of a media firestorm. But first to our top story. Facebooks plans to create its own cryptocurrency, libra, is not getting love from lawmakers. And you can add fed chair Jerome Powell to the list. Take a listen to what he told the House Financial Services committee on wednesday. While the project sponsors Public Benefits including improved Financial Access for consumers, libra raises many serious concerns regarding privacy, money laundering, Consumer Protection and financial stability. These are concerns that should be thoroughly and publicly addressed before proceeding. Facebook has a couple billion plus users so you have for the first time the possibility of a very broad adoption. If there were problems there associated with money laundering, terrorist financing, any of the things that we are all focused on, including the company, they would rise to systemically important
Jason lets begin with that cover story, it is a powerful one. Bloomberg businessweeks editor joel weber is here. What a fascinating read. It was not what we were expecting. Joel no, this was the culmination of a yearlong project, with an amazing writer who was going to travel around the world and wanted to come to us with something special. So we wanted to come up with an amazing idea to hear from laborers, workingclass people who most of us would never hear from. Carol what is fascinating is that it is a global story that took a lot of time and a lot of reporters and translators. Joel so basically, as she went around the world, she would look for people that she thought would embody the spirit of the local community. The beauty of this work is that it captures their voice. We hear from them directly in their voice. Not reporting in the traditional sense, it is more of as a told to, being told to the mark and you get to hear from people working in amazon factories in europe as a syrian