Excellence i think thats the most important thing and theres a thats the essence of what we mean by Free Enterprise its supposed to be equal rules for everyone and that is not the situation today people making the point that facebook for instance have had more influence than than most governments but is there anything wrong with that why should governments have a monopoly on power. Thats such a fascinating question as governments become centralized in any fashion there is opportunities for collusion with with businesses that are succeeding at a certain level thats when we start having this stratified rule set the rule of law starts to break down in any country and once company can overtake and work with the politician is supposed to be protecting the public then you can get some you know problematic behavior thats unaccountable and then the rule of law breaks down again that wraps it up appreciate the company throughout the morning and early afternoon to stick with ulti if you can plen
For the top story so far here in moscow im kevin comprehensive news review of the week and now if you join me for. Watching hope you have a great weekend. Hi imax to answer this is the kaiser report were back from Summer Solutions no more solutions not only problems now for the next 10 months. Well lets talk about the biggest thing that happened while we were away on vacation and that is warren buffet has obviously used that opportunity while we were away to make a major major major change and his portfolio and which indicates that kaiser report has been right for the past 10 years he dumped many of his banking shares and went long gold miner barrack the biggest gold miner in the world so max what do you think about this sea change in his portfolio right well it was obvious that he would have to get into gold gold mining gold bullion at some point he had too much calf he was underperforming the stock market for 15 years he had made an enormous mistake at airlines again for the 2nd time
In the Company Canteen or something but as you know im a big fan of yours and a huge fan of your first book on google, now to come back at this particular moment and talk about facebook, the inside story couldnt be more timely and am going to start off we have lots of places to go with this, im going to start off with something timely, as we came to do the show you heard about the hacking of twitter the fact that trump is going to facebook to get the message out, facebook has had a lot of criticism for a lot of things over the years and i actually wrote a column recently questioning why Mark Zuckerberg has not fact checked the president. Kalisher take on this, what is this relationship between facebook and the white house between facebook and free speech, im gonna throw your big question along to off. Thank you for doing this now and its good to connect with you again. Like a lot of things, you cannot tease that one problem of facebook from the sea dna in its origins in the case of tru
Clock to show you how much time is remaining. All members and witnesses need to be especially mindful of the fiveminute clock. At 30 seconds remaining ill , gently tap the gavel to remind members their time has expired. To simplify the speaking order process, the commission has decided to order ourselves alphabetically. With that, welcome to this virtual hearing convened by the congressional oversight commission, pursuant to section 4020 of title 4, subtitle of the cares act, the Commission Must conduct oversight of the 500 billion authorized for the Exchange Stabilization fund. As part of our oversight work, the commission has decided to hold this hearing today which will examine the main Street Lending facilities. The Federal Reserve established the main Street Programs to support lending to small and mediumsized businesses, and nonprofit organizations that were sound before the covid pandemic. The program operates through five facilities which we will learn more about this morning.
As American Leadership is crucial in bringing the world out of the shadow of covid19. In advocating for American Values, defending human rights, transparency, and Economic Freedom and seeking to ensure a more secure, stable, and prosperous world, where democracy and freedoms are able to flourish, we are all working towards that end. With that in mind, i wish to again thank our nominees for appearing and your willingness to continuing our nation. Today, this committee will consider the nominations of six individuals to represent the United States of america. The nominees before us are mr. William, doug douglas, to serve as the u. S. Ambassador to the commonwealth of the bahamas. Higgins to be the u. S. To the republic of burgundy. Ms. Jean maloney to be the ambassador of the kingdom of s bikini. Mr. Michael mccarthy to serve as the u. S. Ambassador to the republic of liberia. Singh toable monisha be u. S. Representative to the organization for Economic Cooperation and development with t