Later a look at the International Response to the Ebola Outbreak in west africa. Wednesday the Senate Banking Committee Held a hearing on freddie mac, fannie mae and the state of the Housing Mortgage industry. Congressman mel watt took the updated members on new efforts to assist homeowners. This is 90 minutes. I call this hearing, your honor, welcome back to the committee. Since this is likely my last hearing regarding gses i would like to encourage my colleagues to for the past three years, we and our staff have spent count less hours wrestling with the possible solutions and pittal falls. Some options are not practical, while others are too it logical, yet we still need to find a solution. The enterprises remain trapped today. Fhfa continues to perform the dual role of both regulating and rating the business of the largest entities in the Mortgage Market. This is not sustainable. And there is no consensus in Congress Regarding how to move forward. All the while, the credit box remai
Information on facebook or on twitter . So that the sharer becomes somewhat synonymous with a publishing brand. Thats exactly it. The sharer is becoming much more important than the actual source of the information. Do i trust this person . How do i feel about this person . If this is one of my most trusted friends and they post something, the chances i read that and think highly of it are greater than if its a person i met one drunken night in college and i friended accidentally. Right. Although they can actually lets talk about that. Can we talk more about that . Right. You know, pivoting to sort of media strategy, you guys have an extremely successful youtube channel. This is interesting because right now in media, as people are beginning to see that display advertising on regular articles doesnt necessarily scale terrific well, its difficult to have hyc pns, theyre turning to video as a savior. The trouble as i see it, in order to have margin, in order to make profit on video, you
Tell us a little bit about how we like to consume information . I think its really interesting because when you think about millennials, one of the sort of suppositions as you said is that its this generation that is, you know, unlike any just wants to do things online and when you think about the tactile experience of leafing through a magazine or print publication theres something about that experience thats about the sense of curiosity and a sense of seriousness that young want to consume their news with. Theres been a lot of assumptions to think this generation doesnt want serious content because were younger, not seeking that. In fact, this is a generation that cares deeply about the world, important issues that wants to be engaged with that. They want their experience to mirror that. While we enjoy going on a site like buzzfeed, there is a sense that we really do care about the world and want to consume that news in that kind of way. If you look at how everybody wants to consume
Like you were at some of these meetings where some of these things were discussed no, the nsa was there, i just got the tapes. Im sorry. So we dont have a public listing, per se, but in the first phase of power africa, we did very carefully, through a rigorous interagency process, discuss which would be the six focus countries. And the factors that you describe are, indeed, many of the things that we looked at, to try to assess who would be the good partners. And we will go through a similar process as we think about the expansion. One of the ones that i theres plenty to say about all of them, but one of the ones that ill just spend a moment on is the host countrys commitment. Because as some of the other testimony alluded to, if youre trying to have viable electric utilities, if youre trying to solve some of the problems that are private sector, investors have encountered, in trying to do viable deals, youve got to have a commitment to do things differently. So that was a very one of
Is something that weve continued. So, its a long way of saying that as we think about our engagement, we have to address this question of failed states, but we have to figure out ways to do it that are sustainable, that we can keep going that we can resource and that we can bring all of government to bear on. And, of course, i should add, the private sector and other actors are absolutely critical. This summer something that you played a leadership role in, the africa leaders summit, we brought to washington, as you know, an extraordinary gathering of African Leaders and we worked with them to help unleash more growth in africa, also to deal with security challenges, institutional challenges. A key component of that was bringing the private sector to the table and helping to strengthen those relationships. Power africa is a wonderful example of the government and the private sector working together to help people in a meaningful way and to help economies develop a foundation that can c