have been expecting. the fed also said november could see a scaling back of the $120 billion a month it s been pumping into the markets. as michelle fleury explains, it s down to growing concerns over inflation. inflation is starting to worry the us federal reserve. listen tojerome pal talk to price rises across supply chains. figs rises across supply chains. as the rises across supply chains. is the economy continues to be open and spending rebound, we are seeing upward pressure on prices, particularly because supply bottlenecks in some sectors have limited how quickly production can respond in the near term. in the near term. these bottleneck in the near term. these bottleneck effects - in the near term. these bottleneck effects have | in the near term. these - bottleneck effects have been larger and longer lasting than anticipated. it leads to revision in projections for this year. further splits are down the middle on whether to raise prices next year. the majority expected rat
pal talk, aol, skype, youtube, apple. brurs, as someone who knows architecture pretty well, what do you make of that? it s hard to tell. there s a lot of ways you can parse these words. what does direct access mean? does it mean i have a wire in, i can tap my own queries? or does it mean i m going to ask for this data, for this bulk data for everybody and get it shipped to me? you can call one direct access. you can call one indirect access. i m afraid we re really just parsing this to try to save face. and i think this is@companies want to go public, because it looks really bad and they re going to lose public trust. and there s obviously been a long conversation about these i mean, the irony here is all these companies function, profit, specifically the way they make money is by knowing a lot about their users and selling that information to advertisers. facebook does. i remember when there was a big freakout about gmail because gmail was going to read was going to have an a
those five companies i mentioned, plus microsoft, pal talk, aol, skype, apple and soon, according to the post dropbox. the post and guardian reporting that prism use the data feed as raw material for a massive data mining operation aimed at spotting patterns that might provide early warning of a terrorist attack. as we said, it comes hard on the heels of the revelation the guardian newspaper and elsewhere that must be giving any one of the tens of millions of americans who use a verizon cell phone a chill. word that the fbi and nsa asked for and got a secret court order giving them access to phone records for all verizon cell phone calls, foreign, domestic and local. not the conversations themselves, just everything else that s identifiable. white house officials neither confirming nor denying the story but they are defending the practice of data collection for national security purposes. again, both these programs have their roots in the prior administrations but have grown
is accessing central servers to top u.s. technology firms through a program called prism. some of the surveillance started back in 2007. microsoft, google, yahoo! facebook, apple, aol, paltalk, youtube. a lot of companies deny the government has that access. wolf blitzer of the situation room is joining us. people waking up think this is unbelievable. a major development. we didn t know the full extent of what was going on until the past 24 to 48 hours. a huge, huge issue. two people who i want to bring in right now to discuss what s going on. jeffrey rosen, legal affairs editor of the new republic, and jewel meyers wood, former assistant homeland security secretary during the bush administration many a statement