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BBCNEWS Newsnight July 3, 2024

Leaking pipes, leaking cash. And now parasites leaking into the water supply. Can anyone fix the Water Industry . The Water Companies were passed into the private sector debt free, but with the public now revolting against a tide of effluent in our rivers and seas will they now have to pick up the bill . Also tonight, the godfather of Artificial Intelligence Geoffrey Hinton has a warning for humanity. My guess is in between five and 20 years from now. Theres a probability of about a half that well have to confront the problem of them trying to take over. And does that potentially lead to extinction level threats . Potentially, yes. And the new members of Generation Rent the
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Detailed text transcripts for TV channel - MSNBC - 20121208:14:05:00

That s one area in our economy where your right to be heard and have public interest in is embedded into the regulatory system unlike the oil industry and gasoline provision which is a utility function. it isn t regulated in the public interest. to come back to this price discussion here, the history of oil and gas prices, the history of commodity prices in general is that they fluctuate. they go up and down, and on the base of price signals, people shut down wells when pieces are too low, supply contracts, prices go up and people boom. it s a classic boom/bust thing. you can t build pub policy on the basis of extrapolating from the present. to go back to the idea that we need a carbon price, which we do, the implications is that politically you ought to enact it when prices are low so you do relatively little damage to the economy. now is the time. that s a great thing, steve. we should do it right now. right. and everyone knows it s coming. that s the other thing. it s not ....

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