Claims. 1. 3 million last week, and that is the 15th weekly decline, so the downtrend continues. However, 17 million are still unemployed and still collecting benefits. Ive got two big tech stories for you. First off, the twitter hack. Fake messages appeared from big name celebrities. It was a bitcoin scam. The important point is the hackers took over the platform and could have sent out messages to disrupt the market or the election or anything. They showed they could do it and that is a huge problem. Stocks way down. Second tech problem, the top court in europe will restrict the transfer of the personal data of europeans to american companies. They are worried about our surveillance of them. This could severely disrupt big tech operations and big tech stocks are down. While stocks generally are moving lower, especially those technology issues, the dow, we are looking at a minus 180 at the opening bell, down 21 for the s p and really, the nasdaq taking it on the chin. Again, technolog
Up next remarks from bank of america Ceo Brian Moynihan on the state of the economy in the us financial system. Other topics include capitalism and crypto currency as well as banking trends among millennials and jens hes, this is hosted by the city club of cleveland. Good afternoon, we are devoted conversations of consequence that help democracy thrive. It is thursday, june 29th. Im the chief executive here, daniel moulthrop. Im here to introduce our speaker, brian moynihan, ceo of bank of america. The country and world grapple with the aftermath of the pandemic, inflation, supplychain disruptions, the Banking Industry has felt its share of volatility. In march, several small to midsize banks failed leading to a chain of events we refer to as the 2023 banking crisis. On top of this, the widespread calls for increased equity, access to economic opportunity, increasing reliance on emerging technologies, evidence the world of banking and finance is changing quite a bit. Brian moynihan bec
Good afternoon and welcome to the city club of cleveland where. Im the chief executive here ad its my privilege to introduce our speakertoand to ask him a few questions as well. Brian moynihan, the c. E. O. Of bank of america. As the country and world grapple with the aftermath of the pandemic, inflation, the Banking Industry has felt its share of, well call it volatility. In march, three small to midsized u. S. Banks failed, leading to a chain of events that we now refer to as the 2023 banking crisis. And on top of this, add to this the widespread calls for increased equity, access to Economic Opportunity and the increasing reliance on emerging technologies, its evident that the world of bank and financial is changing quite a bit. Brian moynihan becamed c. E. O. Became the c. E. O. In 2010 which feels like a century ago. It was a long time ago. Its the Second Largest Bank in the u. S. Youre all wondering whats the first, its jpmorgan chase. He lead as team of approximately 215,000 emp
Politics over the last 20 years, starts eing in the middle of the 19 90s, up through the 2014 Midterm Election cycle to explain some of the differences between the republican and democratic parties when it came to taking up technology in the service of electoral goals. Host what do you mean by the term, prototype politics. Guest what i wanted to think about and think through where does innovation come from through political campaigning. How do campaigners invent new technologies and new tools. How do they take up new social media platforms to use them for new ways. How do they find new ways to engage the electorate whether on twit other or snapchat. What i wanted to think about reading the sociology literature and Political Science literature and communication literature why is it so important . In the book i talk about how campaigns become prototypes. Which is models for doing things differently in electoral politics and there is a couple of really key examples of that. Probably most
To the park i am there and i am pushing the swing and it is great. You can watch this and other programs online at booktv. Org. Cspan, created by americas Cable Television companies and brought to you as a Public Service by your cable or satellite provider. Host the book is called prototype politics and the author is professor Daniel Kreiss. What was your goal of the book . Guest my goal was to tell the history of technology in politics over the last 20 years starting in the middle of the 1990s up through the 2014 Midterm Election cycle and really try to explain some of the differences between the republican parties when it came to taking up technology in the service of electoral goals. Host what to you mean by the term prototype politics . Guest i wanted to thing where innovation comes from in political campaigning. How do they take up new platforms and use them in new ways, how to they invent new ways of engaging the electorate whether it is on twitter or snapchat. In reading the Pol